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Reliance Industries Limited, Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday that the merger of Viacom18's media and JioCinema businesses into Star India Private Limited (SIPL) is now officially effective. The transaction values the joint venture at Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. The JV will be led by Nita M. Ambani, Chairperson, and Uday Shankar, Vice Chairperson, who will offer strategic guidance.

Indian tourists are the largest group visiting Sri Lanka, thanks to the country’s proximity—a quick 2.5-hour flight from Mumbai—and its affordability. Following the Sri Lankan rupee’s collapse in 2022, the country became one of the most budget-friendly luxury destinations.

Aloke Bajpai, co-founder and CEO of ixigo.com, highlighted the lack of public awareness around the health risks. He shared his experience of sending his children to school wearing masks, only to face questions from other parents regarding the necessity. Observing elderly individuals continuing outdoor activities despite hazardous air, Bajpai questioned the absence of public health campaigns to raise awareness about the long-term health risks of such exposure. Some online commenters pointed out that while masks can help to an extent, they are not fully effective against polluted air. Others suggested that those who can afford it should consider relocating to areas with cleaner air for the sake of their family’s health, though Bajpai noted that relocating isn’t a practical solution for everyone.

Subscribe to enjoy similar stories. There is a tactile quality about Becharam Das Dutta’s paintings, be it the Narasimha Vishnu-Avatara or Shiva Panchanan. Created in watercolour and natural dye in the middle to late 19th century, these pats are an example of combining innovation with tradition.

Nita Ambani, the founder and chairperson of the Reliance Foundation, enthralled everyone with her chic look at a beauty event, held at Jio World Plaza in Mumbai on Wednesday evening. She was there to support her daughter Isha Ambani’s latest venture. The mother-daughter duo in their designer outfits made heads turn, but Nita Ambani’s playful addition of a unique popcorn-shaped handbag became a highlight of the event. On Wednesday, the Tira Beauty event was a star-studded affair.

Subscribe to enjoy similar stories. MUMBAI : Mutual funds have emerged as an attractive investment vehicle for non-resident Indians (NRIs) keen on participating in India’s booming economy. Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative.

GPU) access in India, particularly in the realm of cloud computing and artificial intelligence (AI) infrastructure, according to industry executives and experts. Neysa Velocis, Mumbai-based Neysa’s flagship platform, helps scale up AI projects using GPU infrastructure and has a diverse inventory of thousands of GPUs. Indore-based NeevCloud is a recent entrant with plans to deploy 40,000 GPUs, aiming to provide affordable and accessible GPU resources to AI researchers and developers. Bengaluru-based Jarvis Labs has access to more than 1,000 GPUs through partners and also has its own capacity in the country.

Indian Railways has fast-tracked deployment of automatic train protection (ATP) system Kavach on a fifth of its network, with contracts for installing the system on 10,000 locomotives and 1,105 route kilometres (RKM) of tracks set to be awarded this month, said officials. The national transporter has also thrown its weight behind a 2030 Kavach Rollout Plan that targets manifold ramp-up of installed capacity, they said. «Bids have been invited for 14,735 RKM while over 1,500 RKM of Kavach is operational. Work is also underway on 3,000 RKM of tracks for Kavach deployment,» said a senior official, who did not wish to be identified.

Wockhardt on Wednesday reported a net loss of Rs 16 crore in Q2FY25 led by improved performance across UK, India and emerging markets. The Mumbai-based drug maker reported a net loss of Rs 73 crore in Q2FY24.

Music of The Spheres World Tour. The new concert is set to take place at Ahmedabad's Narendra Modi Stadium on January 25, 2025. Tickets for the Ahmedabad concert will be available on BookMyShow starting November 16 at 12 PM. The X handle of the band broke the news with the post, “2025 AHMEDABAD DATE ANNOUNCED. The band will play their biggest-ever show, at the Narendra Modi Stadium in Ahmedabad on 25 January 2025. Tickets on sale Saturday, 16 November at 12 pm IST…” This tour marks Coldplay’s return to India since their last visit in 2016. While ticket prices for the Ahmedabad concert haven’t been released, pricing for the band’s 2025 Mumbai concerts ranged from Rs 2,500 to Rs 35,000, with VIP lounge tickets at Rs 35,000. The following options were offered for the Mumbai shows:

TCS shares and got allotted have seen their wealth become 20 times in 20 years, if they have held on to the shares. And they have to thank former Tata group chief Ratan Tata for that. TCS had issued shares at Rs 850 to investors in its IPO in 2004. And since then, it has issued 1:1 bonus shares twice: First time in 2009 and later in 2018. So if an investor got 1 share allotted in TCS IPO, he holds 4 shares after two bonus issuance. Currently, TCS shares are trading around Rs 4200 in Mumbai market, making investors 20 times wealthier in 20 years. After the death of Ratan Tata last month, former TCS CEO S. Ramadorai, who was at the helm when the company went public, shared how Ratan Tata made the wealth creation possible for Indian retail investors. Ratan Tata had served as the chairman of Tata Group from 1991 to 2012 and later in interim interim chairman from October 2016 to February 2017. Speaking to Rediff.com, Ramadorai highlighted Ratan Tata’s vision during the landmark TCS listing in 2004, emphasizing Tata's commitment to empowering retail investors across India. While many suggested international listing, Tata insisted on listing TCS exclusively within India. His focus was on ensuring that small investors, regardless of how many shares they could afford had access to TCS’s growth potential. Tata believed in setting a share price that would allow for future appreciation, rather than pricing so high that it left investors with limited gains, the former TCS CEO said.

Subscribe to enjoy similar stories. MUMBAI : India’s port sector is on the rise, and it’s a story worth paying attention to. With over 7,500 kilometres of coastline and over 200 ports, India is becoming a maritime powerhouse.

Subscribe to enjoy similar stories. MUMBAI : Market sentiment has taken a bearish turn with option traders selling or writing relatively fewer put options on the Nifty index. With uncertainty mounting, investors are seeking to hedge their portfolios, but the soaring cost of put options has left traders anxious, potentially edging the market into oversold territory.

New Delhi: S.P. Oswal’s ordeal began on the afternoon of 27 August, with an innocuous phone call. It was a pre-recorded message from someone claiming to be from the Telecom Regulatory Authority of India (Trai). Just out of hospital after battling an illness, the unsuspecting 82-year-old Oswal, chairperson of the Ludhiana-based Vardhman Group, pressed 9 when prompted. That keypress was a standard screening procedure by scamsters to ascertain the gullibility of their victims—Oswal, a Padma Bhushan awardee, instantly became a target.

Subscribe to enjoy similar stories. MUMBAI : Investing can sometimes feel overwhelming, with so many options available. One strategy that often stands out is focusing on monopoly businesses.

Subscribe to enjoy similar stories. Mumbai: UK-based Standard Chartered Bank is looking to up its wealth management play in India, hiring more relationship managers and giving a facelift to several branches in a market that has recently attracted strong interest from both global and domestic money managers. “India is a huge opportunity for the wealth business and in the next decade, the amount of wealth that will get created in India will possibly be the highest in any of our footprints," Samir Subberwal, global head of wealth solutions, deposits and mortgages, and chief client officer, Standard Chartered Bank, said in an interview on Tuesday.

Indian Railways has utilised 61% of its budgeted allocation — till October-end — through a ₹1.63 lakh crore capital expenditure (capex) for the current fiscal. According to officials aware of the development, earnings of the national transporter were at an upswing with ₹1.02 lakh crore earnings from freight and ₹46,374.5 crore from passengers during the months under review. «Total revenue stood 6.1% higher at ₹1.49 lakh crore this fiscal,» a senior official told ET. For the full fiscal, the Railways has earmarked ₹2.65 lakh crore as capex. It also expects to rake in ₹80,000 crore from passengers, and ₹1.80 lakh crore as freight revenue.

Nykaa, on Tuesday reported a 24% year-on-year increase in operating revenue for the second quarter at Rs 1,875 crore. Consolidated net profit for the Mumbai-based company rose 66% to Rs 13 crore in the quarter ended September 30. Gross merchandise value (GMV) rose 24% to Rs 3,652 crore. Within this, the beauty vertical posted a 29% increase in GMV to Rs 2,783 crore, driven by a 31% rise in new customer acquisition.

360 ONE Wealth and CRISIL on Tuesday released the Wealth Index report. It is a detailed research and analysis on the investment behaviours, preferences, and wealth management trends of India’s ultra-high-net-worth individuals (UHNIs) and high-net-worth individuals (HNIs). The survey has been conducted on 388 UHNIs and HNIs. The index offers a detailed understanding of the investment strategies and priorities of India’s wealthy. India is an emerging global wealth, with the country now host to 334 billionaires as of 2024. Mumbai has solidified its status as Asia’s billionaire capital and ranks third globally. It has raced based some of the cities in US and China. This economic momentum is expected to further fuel wealth creation across sectors like fintech, e-commerce, space, and defence.

Inventurus Knowledge Solutions and packaging company Manjushree Technopack have received a go-ahead from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs). After refiling their IPO papers in August, the companies received regulatory approval between November 4 and 8. Shares of the companies would be listed on the BSE and the National Stock Exchange (NSE).

Subscribe to enjoy similar stories. NEW DELHI : India’s premium smartphones market witnessed a surprisingly muted festive period as buyers deferred purchases citing lack of innovation, according to retailers and distributors.