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Sebi had initiated an investigation to ascertain whether certain persons or entities had traded in the scrip of Zee Entertainment while they were in possession of information regarding some steps taken by Essel Group of which Zee Entertainment is a part.
Diageo’s home delivery plans hit, exits HipBar at 98% lossWhile the move comes at a time when several Indian states are putting in place norms to allow home delivery of alcohol, Diageo which invested Rs 27 crore in HipBar through its domestic entity USL for a 26% stake in 2018, is s… Read MoreVedanta Q1 results: Company reports 314% jump in PAT, Ebitda up 150% YoYRevenue for the quarter under review was at Rs 28,105 crore, higher by 1 per cent Q-o-Q, primarily due to improved commodity prices, partially offset by lower sales volume at Zinc India, Iron Ore & Steel and Copper busine… Read MoreReforms help banks recover Rs 5.5 lakh crore of bad debt: GovtAnd, with indications that the build-up of non-performing assets (NPAs) is lower than anticipated, especially among large companies, the government believes that state-run lenders are well poised to meet the credit requiremen… Read MoreRating upgrades see a sharp rise in June quarter since Covid outbreakThe credit ratio, or upgrades over downgrades, has seen a steady rise since the first quarter of last year. The gauge was at 0.36 in April-June last year with 241 upgrades versus 662 downgrades. It was at 1.77 in January-Marc… Read MoreCentre to scrap 51% holding clause to privatise insurerThe draft Bill, which has been sent for approval by the Union Cabinet before introducing it in Parliament, seeks to remove the 51% floor on government holding, official sources told TOI. Foreign investors will be able to hold… Read More
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