TuneCore, a digital self-publishing music service, will boost its investments in India, which has become its third-largest market for new artist additions and revenue growth. Chief Executive Andreea Gleeson highlighted that India is the company's second-largest office globally by headcount, with 83 employees based in Mumbai since 2020.
Sun TV Network operates satellite television channels across six languages -- Tamil, Telugu, Kannada, Malayalam, Bangla and Marathi, and airs FM radio stations across India.
The company's standalone net profit increased by 16% year-on-year to Rs 232 crore in the April-June quarter, compared to Rs 200 crore in the same period last year. Standalone revenue also grew by 9.3% to Rs 639 crore during the quarter, up from Rs 584 crore in the corresponding quarter of the previous fiscal year.
In a separate poll conducted by Ipsos, Kamala Harris was found leading Donald Trump 42% to 40% in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. These are the states where the presidential election 2020 was closest. Now, what will happen in the US Presidential Election 2024?
Indian Oil Corporation aimed to increase its refining capacity to 88 million tonne per annum and raised petrochemical investments to meet India's energy needs and reduce import reliance. The company planned to achieve net-zero carbon emissions by 2046, focusing on clean energy sources such as hydrogen mobility, biofuels, and electric mobility alongside fossil fuels.
In the Lok Sabha, multiple private members' bills were introduced on Friday by N K Premachandran, Hibi Eden, and Manish Tiwari, among others. These bills aim to amend the MGNREGA 2005, regulate Indian intelligence agencies, and create an Airlines Passenger Services Authority. Members from BJP and DMK also tabled various bills.
Nagaland CM Neiphiu Rio highlighted concerns of potential infiltration into Assam and Tripura due to Bangladesh's unrest. Precautions are being taken. The Jaintia National Council and Khasi Students' Union called for enhanced border security and protective measures for local communities, urging the government to act decisively to avoid a demographic imbalance in the region.
The Mumbai-based drug maker reported a net loss of Rs 136 crore in Q1FY25. Revenue rose 14% year-on-year (y-o-y) to Rs.747 crore in Q1FY25 compared to Rs.658 crore in Q4FY24.
A PwC report, "VIKSIT: An Approach for India to Achieve $1 Trillion Exports," outlines essential public and private sector strategies to boost India’s export growth. Launched by Commerce Minister Piyush Goyal, the report emphasizes creating a robust export ecosystem to meet the target by 2029-30.
At a standalone level, the paint-maker’s sales rose 2.4% on year to Rs 2,806.3 crore, but net profit declined by more than 6% to Rs 305.5 crore. Berger Paints, which is among the largest paint-makers in the country, improved its market share to 20.9% during the quarter, up from 19.7% in the previous fiscal.
India's foreign exchange reserves reached a new high of $674.9 billion for the week ending August 2, 2024, according to the Reserve Bank of India (RBI). The reserves increased by $7.5 billion, driven mainly by a $5.1 billion rise in foreign currency assets.
The flagship company of the Aditya Birla launched its paints operations ‘Birla Opus’ towards the end of the March quarter, and April-June was its first quarter of full operations. The company has spent Rs 7,795 crore on its paints business as of June-end, approximately four-fifth of the total planned expenditure for these operations.
The Telecom Regulatory Authority of India (TRAI) conducted a consultation to decide if the annual DPO-caused subscriber management system audits should be retained or modified. Despite regulatory measures, many DPOs delayed audits, leading broadcasters to advocate for broadcaster-caused audits. TRAI also considered extending audit deadlines and defining small DPOs to address manpower and financial constraints.
The Supreme Court has extended its stay until November on the Allahabad High Court's December 14, 2023, order permitting a court-monitored survey of the Shahi Idgah mosque complex in Mathura, adjacent to the Krishna Janmabhoomi temple. The High Court had authorized the survey and appointed a commissioner to oversee it.
The company reported Rs 287 crore in the corresponding quarter of the previous year. Revenue from operations grew 2.2% y-o-y to Rs 3032 crore in Q1FY25.
Relations between Rajya Sabha Chairman Jagdeep Dhankhar and the INDIA bloc parties have grown tense. The opposition is mulling a notice to remove Dhankhar, accusing him of showing bias. Instances of the Leader of Opposition's microphone being turned off and a heated exchange with Jaya Bachchan have exacerbated the situation.
"The Rookie" Season 6 wrapped up without a major cliffhanger but still left several storylines unresolved. The officers, including John Nolan (Nathan Fillion) and Nyla Harper (Mekia Cox), encountered various threats that are sure to continue into Season 7.
Blackstone sold 33 crore units in Nexus Select Trust for around Rs 4,550 crore via a block deal, reducing its stake to 21%. Nexus Select Trust's portfolio includes 17 shopping malls, two hotels, and three office properties across 14 cities. Domestic and foreign investors, including ICICI Prudential and Wells Capital Group, purchased the units.
The government announced in the Lok Sabha that there were no plans for a law on electoral bonds for political party funding. Law Minister Arjun Ram Meghwal also stated that there were no proposals for the Election Commission to fund political parties, following the Supreme Court's annulment of the electoral bonds scheme in February.
Operated by a third-party operator, such facilities manage end-to-end operations of car listings on behalf of the hosts who want to earn by sharing their cars but find it challenging to do it themselves, Zoomcar said.
Citing the example of mutual fund body Amfi's campaign aimed at popularising mutual funds, he said the bond market can also create a similar campaign which will help the sector gain traction and end up aiding economic growth through capital formation.
Tata group airlines Air India and Vistara have secured DGCA approval to unify their aircraft line maintenance operations. This strategic step aims to enhance Air India's technical capabilities and streamline resources, marking progress towards merging the two airlines into one cohesive entity, ultimately improving maintenance and operational reliability.
Republican candidate Donald Trump's frustration with rival Kamala Harris’s energetic campaign became apparent on Thursday morning when he wrote on the social media platform Truth Social complaining about the coverage of Harris’s audiences. He angrily said the press refuses to mention crowd size. He declared that "fake news is the enemy of the people."
