On Thursday, February 1, Finance Minister Nirmala Sitharaman delivered her Budget speech, unveiling the Interim Budget 2024-25 in Parliament a day after the commencement of the Budget Session. In Modi’s final budget before elections, FM Nirmala Sitharaman set the disinvestment target for FY25 at ₹50,000 crore in the revised estimates, with the revised estimate for disinvestment mop-up in FY24 pegged at ₹30,000 crore. The Finance Minister also announced the addition of 2 crore more houses under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G). As it’s the last one before the Lok Sabha elections, it is an interim budget. No…
Author: Editorial Team
Media entrepreneur Byron Allen, backed by Allen Media Group and undisclosed strategic partners, submits a $30 billion bid to acquire Paramount Global, encompassing outstanding stock and existing debt. Allen Media Group states that Mr. Byron Allen presented the bid on behalf of the group and its partners, emphasizing the belief that the $30 billion offer, inclusive of debt and equity, represents the optimal solution for Paramount Global shareholders, urging serious consideration and pursuit of the bid. Paramount Global Financial Landscape and Industry Challenges As of Tuesday, Paramount Global’s market cap stood at $9.13 billion, with the company’s debt load exceeding…
On Wednesday, Bhumi Pednekar’s highly anticipated film, Bhakshak’s trailer was unveiled. Bhakshak trailer shows a compelling narrative, where Bhumi assumes the role of Vaishali Singh, an investigative journalist determined to expose individuals connected to a case of sexual assault on girls at a shelter home. Directed by Pulkit, “Bhakshak” is set to stream on Netflix from February 9. The trailer unveils Vaishali Singh’s courageous journey as she raises her voice against powerful men responsible for the abuse of young girls in the Bihar shelter home abuse case. It emphasizes her relentless fight for justice against the corrupt administration, with Sanjay…
Wipro is actively implementing tech layoffs, slashing ‘hundreds’ of mid-level roles onsite to enhance profit margins. This move follows CEO Delaporte’s major bet with the $1.45 billion acquisition of Capco, aligning with the ‘Left-Shift’ strategy. Wipro grapples with conflicting goals and underperformance, making strategic adjustments in the competitive Big Tech industry. Recent reports highlight Wipro’s commitment to addressing its profit margins, currently the lowest among the top four IT services companies in India. Wipro Margin Challenge and CFO’s Mission to Boost Profitability Wipro, lagging behind with the lowest margins among the four largest India-listed IT services companies, reported a margin…
Think & Learn Pvt Ltd (TLPL), the parent company of edtech firm Byju’s, plans to raise $200 million through a rights issue, valuing the company at less than $250 million post-issue—a stark contrast to its peak valuation of $22 billion in March 2022. In a statement, the beleaguered firm announced, “The TLPL board launched the fund-raising of $200 million via a rights issue for all equity shareholders today (Monday) to support ongoing growth initiatives and achieve operational sustainability.” Byju’s Plans Strategic Move with Rights Issue Despite Low Initial Valuation It has come to light that the conservative valuation of $200-250…
On Tuesday, Reliance Industries announced its inability to comment on reports regarding the proposed merger between Walt Disney Co.’s India unit and Mukesh Ambani’s media business. Disney initially aimed for $10 billion, but its India assets have now fallen to $4.5 billion in value. The decrease in Disney India unit valuation is attributed, in part, to a revenue write-off stemming from the sale of cricket TV rights to Zee Entertainment Enterprises. Reliance on Media Speculation on Disney India Unit Valuation In a stock exchange filing, the company stated, “We are unable to comment on media speculation, and it would be…
On Tuesday, the National Company Law Tribunal (NCLT) accepted a petition from a Zee Entertainment shareholder, Mad Men Film Ventures, urging the Zee-Sony merger. Despite regulatory approvals, Sony, now known as Culver Max, called off the Zee-Sony merger last week. The Mumbai bench of NCLT issued a notice, instructing Sony Pictures Network India to respond within three weeks to Mad Men Film Ventures’ petition, which seeks the implementation of the NCLT-approved Zee-Sony merger from August 2023. NCLT Rejects Arguments, Sets Next Hearing on March 12 in Zee-Sony Merger Case The tribunal dismissed the counsel’s arguments that NCLT’s approval was conditional…
Approaching February, Netflix refreshes its content with a new array of original and acquired titles, inviting viewers into the second month of 2024. The streaming service has curated an alluring lineup of series and movies on Netflix in February 2024, ensuring a diverse and enjoyable viewing experience. From captivating crime documentaries to action-packed, lively comedies, Netflix aims to captivate audiences throughout the month. Below, we spotlight Bhakshak to Avatar Your Ultimate Watch list releases on Netflix in February 2024 that are worth watching. 5 Binge-Worthy Shows and Movies on Netflix in February 2024 Bhakshak Crime Drama Premiering on February 9,…
The 69th edition of the Filmfare Awards over the weekend marked the commencement of Bollywood’s award season. The Filmfare Awards 2024, hosted in Gujarat, witnessed power couple Alia Bhatt and Ranbir Kapoor securing top acting honours. Alia Bhatt clinched the Best Actress award for her impactful portrayal in Rocky Aur Rani Kii Prem Kahaani, while Ranbir Kapoor earned the Best Actor accolade for his stellar performance in Animal. Sandeep Reddy Vanga’s Animal emerged as a dominant force in the Filmfare Awards 2024, bagging a total of 6 prestigious trophies. Vidhu Vino Chopra’s 12th Fail claimed some of the most coveted…
Celebrities donned their most exquisite outfits while gracing the red carpet at the 69th Filmfare Awards. Celebrating excellence in the entertainment industry, the Filmfare Awards 2024 unfolded at the Gujarat International Finance Tec (GIFT) City in Gandhinagar. Alia Bhatt, Kareena Kapoor, Ranbir Kapoor, Triptii Dimri, Janhvi Kapoor, Sara Ali Khan, Harnaaz Sandhu, Karisma Kapoor, Kartik Aaryan, Varun Dhawan, Esha Gupta, Mrunal Thakur, Orhaan Awatramani, Karan Johar, Saiyami Kher, Rajkummar Rao, Nargis Fakhri, Tejaswi Prakash, and other luminaries graced the red carpet at GIFT City. Explore the dazzling fashion statements from this star-studded Filmfare Awards 2024 as we showcase what each…