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Zee Entertainment and its subsidiary Margo Networks have lost their claims in the arbitration against Navratna PSU RailTel Corporation of India. An arbitration tribunal — formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU — rejected the claim of Margo Networks. «This is to inform you that the Arbitral Tribunal vide its Arbitral Award has rejected the said claims filed by the Company and Margo against Railtel,» according to a regulatory filing from Zee Entertainment. Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiary had initiated arbitration proceedings, opposing «wrongful termination of the Content on Demand Agreement» by Railtel, and claimed the amounts wrongfully forfeited by the public sector undertaking.

These lenders are simply taking the advantage of a demand and supply gap created in the credit market ever since microfinance lenders have slowed down loan disbursement to prevent erosion of their asset quality. Muthoot Finance, the country's largest gold loan provider, for instance, has revised its annual growth projection to as high as 25% from a 15% target set earlier in the year as the demand has suddenly surged in the absence of easier availability of collateral free loans.

The awards were hosted by presenter Declan Curry and brought together key players from across the investment company sector.  Our charity for the evening was RedSTART, which works to provide financial education to transform the life chances of young people across the country. During the awards ceremony, we presented our Rising Star of the Year Award, which this year went to Dominic Woodcock from St James's Place. Meanwhile, this year's Group of the Year Award was presented to J.P. Morgan Asset Management.  Finally, the Jackie Beard Award for Outstanding Contribution to the Indus...

Vir Das taking center stage as the first Indian to host the prestigious event. Sharing a clip from the event, Das in an Instagram post Das referenced the Hollywood icon Will Smith’s infamous 2022 Oscars moment — where Smith slapped Chris Rock for a joke about Jada Pinkett Smith — while humorously critiquing the Emmy broadcast's low visibility, earning laughter and applause for his witty delivery. «All the major platforms are here and humbly, I feel that next year, one of you should really broadcast this show. What do you think?» Vir Das said amid cheers from the crowd. «Who does Will Smith have to slap tonight for us to get some eyeballs, guys?» Das, who previously won an International Emmy for his stand-up special «Landing», embraced the spotlight with confidence and charm. The Indian comedian shared moments from the red carpet and his hosting debut on social media, where his performance received accolades from fans and peers alike. His playful jab at the lack of widespread broadcast for the International Emmys, paired with a geopolitical punchline about sanctions and tariffs, showcased his signature blend of humor and cultural insight.

K M Subramanian, president of Tirupur Exporters Association (TEA) said new apparel buyers from the UK are seeking samples in anticipation that a much-awaited Free Trade Agreement (FTA) will be signed soon between India and the UK. Last week, the Union commerce ministry said talks on the FTA will resume early next year. “The units are getting orders from the US for the upcoming Spring season. A few months ago, the units were operating at 60-65% capacity. But that has changed now,” said Subramanian.

Ashoka Buildcon shares are in focus today after the firm received a Letter of Award (LOA) for a Hybrid Annuity Model (HAM) road project in West Bengal from the National Highways Authority of India (NHAI). The accepted bid project cost is Rs 1,391 crore. According to the company's stock exchange filing on Monday, the project involves the development of a four-lane economic corridor from Bowaichandi to the Guskara-Katwa Road Section (Km 89.814 to Km 133.000) of NH 116A (Package-3) in West Bengal, under the HAM.

Vir Das, who secured his first International Emmy last year, returned to the prestigious event as its host, becoming the first Indian to emcee the ceremony. The event, presented by the International Academy of Television Arts & Sciences (IATAS), was held at the New York Hilton Midtown. For audiences in the United States, the ceremony was broadcast live from 5:00 PM to 11:00 PM EST. For Indian viewers, the awards event was available for streaming on Emmys.tv from 3:30 AM to 9:30 AM IST on Tuesday, November 26. This year’s Emmy Awards featured 56 nominations from 21 countries, underlining its stature as a truly international platform for recognising television excellence. The nominations spanned 14 categories, encompassing Arts Programming, Best Actor, Best Actress, Comedy, Documentary, Drama Series, Kids’ Animation, Kids’ Factual & Entertainment, Kids’ Live-Action, Non-Scripted Entertainment, Short-Form Series, Sports Documentary, Telenovela, and TV Movie/Mini-Series.

TotalEnergies on Monday said it won't make any fresh financial contribution as part of its investments in companies of the Adani Group till it gets clarity on accusations against certain officials in the Indian conglomerate and their consequences. «Until such time when the accusations against the Adani Group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani Group of companies,» TotalEnergies said in a statement. The French energy company added that it was through public announcements made by US authorities that it learnt of the indictment of certain individual Adani Group executives in relation to an alleged corruption scheme linked to the business of Adani Green Energy Ltd (AGEL). «This indictment does not target AGEL itself, nor any AGEL-related companies,» it said.

Ashwini Vaishnaw on Monday announced Prime Minister Narendra Modi-led Cabinet's decision to introduce PAN 2.0. Will you need to reapply for a new PAN card under the government’s recently launched PAN 2.0 Project? The answer is a clear no. The Union Cabinet on Monday approved the ₹1,435 crore PAN 2.0 initiative, ensuring that your existing PAN remains valid, even as the system undergoes a significant digital transformation. Vaishnaw, while announcing the decision, confirmed that the upgrades, including the addition of a QR code to PAN, will be rolled out free of cost to all taxpayers. The project aligns with the government's Digital India vision, making the Permanent Account Number a «common business identifier» across digital systems managed by government agencies.

domestic air passenger traffic grew 5.3 per cent to 1.36 crore in October from 1.26 crore in the same month last year, aviation regulator DGCA's monthly data showed on Tuesday. During the reporting month, budget carrier IndiGo carried 86.40 lakh passengers, clocking a market share of 63.3 per cent, followed by Tata Group-run Air India and Vistara, which flew 26.48- lakh and 12.43-lakh travellers, respectively. Air India numbers include the number of passengers flown by its low-cost arm Air India Express, as per data. Air India merged its subsidiary AIX Connect with its low-cost international budget arm Air India Express on October 1 this year. The merged entity named as Air India Express now operates as the low-cost arm of Air India.

«In a surprise inspection, our traffic and commercial officers found that RK Associates and Hoteliers Pvt Ltd, which has a contract with Railways to pick food from its base kitchen and serve it to on-board passengers in various trains, violated railway safety norms and conducted on board cooking in Poorva Express,» Shashi Kant Tripathi, Chief Public Relation Officer, NCR Zone, said. «Since the firm has a contract with IRCTC (Indian Railway Catering and Tourism Corporation), we are in talks with it to initiate action against the catering service provider,» he added.

Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out of them, 1,388 have exceeded the time limit of 270 days. CIRP refers to Corporate Insolvency Resolution Process. The minister emphasised that realisation under the IBC is market driven and dependent on quality of assets at the time of resolution.

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh. Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide. In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government's export-friendly policies, which have played a crucial role in strengthening country's position within the global automotive value chain.

Maruti Suzuki India on Monday said it is looking to diversify export markets as it aims to clock 7.5 lakh units to overseas locations by 2030-31. The auto major has already exported 30 lakh units to various markets across the globe. The 3 millionth vehicle export was part of a shipment of 1,053 units that sailed from Gujarat's Pipavav port comprising models like Celerio, Fronx, Jimny, Baleno, Ciaz, Dzire, and S-Presso. «Aligned with the Government of India's flagship 'Make in India' initiative, Maruti Suzuki is committed to deep localisation and multiplying exports,» Maruti Suzuki India (MSI) MD & CEO Hisashi Takeuchi said in a statement.

FIFA has signed its long-time sponsor AB InBev to a Club World Cup deal that will promote the Budweiser and Michelob Ultra brands at the tournament in the United States next year

Microfinance Institutions Network (MFIN), one of the two self-regulatory organisations for the sector, has decided to implement a stricter set of guardrails for its members to help them overcome the severe asset quality stress that they are subjected to at present. The new norms, when implemented, are expected to squeeze the quantum of credit delivery to customers at the bottom of the income pyramid and reduce their over-indebtedness, which has been at the heart of the present sectoral crisis. MFIN has requested its members to stop lending to delinquent customers who have overdue loans for more than 60 days with an outstanding amount more than Rs 3000. The existing industry norm was not lending to a client with overdue for more than 90 days with more than Rs 3000. If a loan is not serviced for 90 days, it is classified as non-performing.

GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday. The issue of exempting/reducing GST on life and health insurance was placed before the GST Council in its 54th meeting on September 9, 2024. After detailed deliberations, the Council recommended constituting a GoM to holistically look into issues pertaining to GST on life and health insurance. Accordingly, a GoM was constituted under the Chairmanship of Samrat Chaudhary, Deputy Chief Minister of Bihar. First meeting of the GoM was held on October 19, 2024 at New Delhi where issues of GST rate on health and life insurance policies were discussed, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.

Employees' Provident Fund Organisation (EPFO). However, she stated that as per Para 72(6) of the Employees' Provident Fund Scheme, 1952, certain accounts are classified as 'Inoperative accounts'. She informed the House that as many as 21,55,387 inoperative EPFO accounts had Rs 8,505.23 crore in 2023-24. In 2018-19, there were 6,91,774 inoperative accounts which had Rs 1,638.37 crore.

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The bill to change the law allowing banks to let a depositor specify multiple nominees and their shares for easier distribution of funds later is expected to come up during the winter session of the Parliament which begins today. The Bill, which was introduced in the last session, has been listed again. Under the proposed amendment, banks would allow up to four nominees (against the current practice of one). This could be either 'simultaneous nomination', where the percentage shares of different nominees are stated in the nomination form, or 'successive nomination', where there is one actual nominee at any given time and on whose death another nominee becomes effective.

Abundantia Entertainment, the studio behind films like Baby, Airlift, and Toilet-Ek Prem Katha, is reportedly looking to raise '200-'250 crore to fuel its ambitious content creation plans over the next two years, according to sources familiar with the matter. Led by Vikram Malhotra, former COO of Viacom18 Motion Pictures, the studio is actively engaged in discussions with a prominent strategic partner from the West. Sources also highlighted significant domestic interest, with two investment banks managing the process. «Given the level we have achieved and the robust slate and order book we possess, we have initiated the process for our next strategic capital raise,» Malhotra told ET in response to queries, without providing further details.