Zee Entertainment Enterprises Ltd. is exploring a 49% stake sale in its Music division, Zee Music to shore up the company’s cash balances, sources in the know told CNBC-TV18. Zee Music, which is currently a business unit, will now be made a subsidiary, according to the sources, who added that the announcement of the carve-out…
Novo Nordisk has secured regulatory approval for Wegovy as the first and only GLP-1 receptor agonist for the treatment of adults with metabolic dysfunction-associated steatohepatitis (MASH) in India, expanding the blockbuster obesity drug’s approved use beyond chronic weight management. The approval was granted by the Central Drugs Standard Control Organisation (CDSCO) for the 2.4 mg…
UPL Ltd. and KKR & Co. plan to offer a total of 10% equity stakes in Advanta for sale in the maiden equity sale to the public. UPL, India’s largest crop protection firm, owns an about 78.2% equity stake, KKR 11.1%, and Alpha Wave Ventures 10.7% in Advanta. Source link
Banking Sector Q1 Preview: Major private lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank will announce Q1 results on July 19. (Image: ET Now) The banking sector will be in sharp focus on July 19, with major private lenders including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Axis Bank scheduled to…
Zepto IPO could see steep valuation cut: Report Source link
Federal Bank Ltd., the Kochi-based private sector lender, reported its results for the quarterly period that concluded on June 30 on Friday, July 17. The results were better on a year-on-year basis on the profitability and the interest income front. The lender reported its Net Interest Income (NII) of ₹2,946 crore during the June quarter,…
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut Source link
“As a journalist, the details always tell the story” – this quote by American author and musician James McBride describes a scribe in a nut shell. Meet Shubhobrota Devroy, who carries this journalism sentiment in his heart. As an experienced business journalist, he is always on a steep learning curve in his profession. From macroeconomics,…
PTC Industries on Friday, July 17, said it has won an order from Brahmos Aerospace for the metallic airframe system and its integration. The company in an exchange filing said the order is for the development, integration and supply of a strategic missile sub-system for the BrahMos programme. PTC Industries said this is the first…
Shares of Tech Mahindra Ltd. rose as much as 3.5% on Friday, July 17, after the IT services company’s June-quarter earnings beat street expectations on revenue, margins and constant currency growth. Despite the strong operational performance, brokerages remain divided on the stock, with target prices ranging from ₹1,260 to ₹1,635. The stock was trading 1.85%…
