Recent valuations reveal a significant shift in the media landscape, with Disney+ Hotstar and JioCinema now surpassing their parent companies’ traditional linear TV businesses in value. According to documents reviewed by ET, leading valuation firms EY and BDO have appraised Viacom18 and Star India at impressive figures, highlighting the growing dominance of digital streaming platforms.
Valuation…
The committee of creditors (CoC) for the bankrupt airline Go First has unanimously opted for liquidation, following disappointing bids from potential resolution applicants. A senior executive from a private bank, which holds minimal exposure to the airline, confirmed that the voting process is complete, and the airline is expected to be recommended for liquidation shortly.
The decision comes after…
As Gautam Adani prepares for a gradual exit from his role as chairman of the Adani Group, the spotlight is turning to potential successors who could steer the conglomerate into the next decade. Gautam Adani, currently 62, has mapped out a comprehensive succession plan aimed at ensuring a smooth transition of leadership to his sons and cousins by the early 2030s.
In an interview with Bloomberg…
Indian stock markets have faced a severe downturn today, with significant losses on both the Sensex and Nifty indices. The magnitude of the sell-off has been striking, wiping out investor wealth to the tune of Rs 10.24 lakh crore. The market capitalization fell from Rs 457.16 lakh crore in the previous session to Rs 446.92 lakh crore, underscoring a dramatic shift in investor sentiment and…
IndiGo is celebrating its 18th anniversary on August 7 with a special promotion and a new business class product announcement. To commemorate the milestone, the airline is offering up to 18% off on flights from August 5 to August 8, 2024. Travelers can use the code ‘HAPPY18’ to avail of the discount.
The anniversary promotion comes as IndiGo, operated by Interglobe Aviation Ltd, recently…
Tax Regime Switch Mid-Year: Clarifications Needed After Budget 2024 Changes
With the recent sweetening of the new tax regime in Budget 2024, many salaried taxpayers are now questioning whether they can change their tax regime choice mid-year. The Finance Minister’s announcements on July 23 have introduced attractive revisions to the new tax regime, raising concerns among employees who had…
Adani’s super app, Adani One, has embarked on digital lending pilots with fintechs and non-banking financial companies (NBFCs) as part of its strategy to diversify its offerings. This initiative, spearheaded by Adani Digital Labs, aims to integrate personal loans into the app’s suite of services.
The app has finalized a partnership with KrazyBee Services, the NBFC arm of fintech firm…
Character.AI’s founders, Noam Shazeer and Daniel De Freitas, are rejoining Google’s AI division, DeepMind, alongside key members of their team. Character.AI, a startup known for its advanced chatbot technology, achieved a $1 billion valuation last year but has yet to generate revenue.
Shazeer and De Freitas, who left Google in 2021 to start Character.AI after their chatbot proposals were…
New Delhi: Bharat Heavy Electricals Limited (BHEL) has announced that it will conduct India’s first-ever demonstration of methanol-fired gas turbine technology at the 350 MW Kayamkulam Combined Cycle Power Plant (CCPP) operated by NTPC. This pioneering project, located in Alappuzha district, Kerala, represents a significant milestone in the country’s energy sector.
The demonstration aims to…
In a historic victory at the Paris 2024 Olympics, India’s men’s hockey team achieved a landmark win by defeating Australia 3-2, marking their first triumph over the Aussies in 52 years. Skipper Harmanpreet Singh was instrumental in this long-awaited success, scoring twice and leading his team to a second-place finish in Group B with ten points from five matches.
India’s last victory against…
