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Zee Entertainment Enterprises (Zee) said its chief executive officer Punit Goenka, who resigned as managing director (MD) last week, has withdrawn his consent for re-appointment as MD, initially proposed for approval at the annual general meeting on November 28. This follows the company's earlier announcement on November 18, where Goenka had announced his decision to step down as the MD. «I hereby tender my resignation from the office of MD of the company with immediate effect to entirely focus on my operational responsibilities,» Goenka stated in his letter to the board dated November 18.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Vodafone Idea (Vi) missed paying its second bank guarantee (BG) of about '350 crore to cover for spectrum bought in a 2012 auction and which was due November 1, said officials familiar with the matter. This follows India's third-largest telecom operator missing payment of more than '4,600 crore BG this September for a 2016 spectrum auction. The Department of Telecommunications (DoT) is, however, unlikely to invoke any penal action against the struggling telco till a decision is taken on a DoT proposal to waive BG for spectrum auctions. «The draft Cabinet note on the waiver has been prepared and circulated and it will be sent for approval soon,» an official told ET. A second official said the law ministry and the finance ministry are yet to reply on the note but still it might be sent to the Cabinet to take a final call on the matter.

financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.

Reserve Bank of India’s gold purchases has helped the central bank to hold up foreign exchange reserves amidst a huge pullout by foreign portfolio investors that saw reserves contracting by $47 billion in five weeks. While the value of foreign currency assets dipped $1.1 billion on an incremental basis since the beginning of the fiscal 2024-25 upto November 15, value of gold in reserves rose $13 billion in the same period and help shore up overall foreign exchange reserves by $11 billion, the latest Reserve Bank of India data shows. Reserves including gold, foreign currency assets and SDR are now at $ 658 billion. The central bank added 44.76 tonnes to its stock of gold between March 29 and October 25 this year, ramping up gold stocks from 822.09 tonnes to 866.65 tonnes during the period according to the latest Reserve Bank of India data.

«In China, while the factory to export take-off from the cargo terminal is achieved on Day 1, in India, the export take off happens only by Day 2. This is a glaring chasm especially when seen in the context of the volume of exports which in the case of China is more than 30 times electronics output (USD 959 billion) compared to India (USD 29 billion) in 2023,» Mohindroo said. Electronics is already India's largest export in air cargo while it's ranked third overall behind engineering and petrol.

Subscribe to enjoy similar stories. I have always enjoyed making booklists once a year, scanning award lists for old favourites as much as new authors . Nowadays the end of the year has me making a similar list for tea.

Sheikh Hasina from 2009 to 2024," an official statement said. The statement, issued by Chief Adviser Muhammad Yunus's office, said the committee was currently reviewing seven major energy and power projects, including the Adani (Godda) BIFPCL 1234.4 MW coal-fired plant, a wholly-owned subsidiary of Adani Power Limited. The six other agreements include one with a Chinese company that built a 1320 MW coal-fired power plant, while the rest are with Bangladeshi business groups said to be close to the past regime.

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Reliance Industries Ltd's recent underperformance — weak refining margin — has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals — oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business.

Punit Goenka, former Managing Director and CEO of Zee Entertainment Enterprises Ltd (ZEEL), has officially withdrawn his consent for reappointment to the post, according to a recent exchange filing by the company. This decision comes just days after Goenka announced his resignation as Managing Director on November 18, 2024. Goenka’s withdrawal follows a proposal by the ZEEL board on October 18, 2024, which approved his reappointment for a five-year term starting January 1, 2025, subject to shareholder approval at the upcoming Annual General Meeting (AGM) on November 28. However, in a letter shared with exchanges, ZEEL confirmed that Goenka opted out of the proposed reappointment. Resignation Amid Revised Performance Targets

Signature Global has invested ₹3,000 crore in the construction of multiple projects and allocated an additional ₹1,500 crore for land acquisition as the residential real estate sector continues to grow despite some softness in the market.

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.

Aurobindo Pharma on Saturday said its US-based subsidiary has inked a licensing agreement with a global pharma major for development of respiratory products. Aurobindo Pharma USA Inc has entered into a collaboration and licence agreement with a global pharma major for development and commercialisation of products, the Hyderabad-based drug firm said in a regulatory filing.

Gautam Adani's group on Saturday clarified on reports of Kenya cancelling more than USD 2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure on its cancellation.

EFTA, an official statement said on Saturday. The agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), was inked in March. The implementation date has not yet been finalised.

India-Asean free trade agreement in goods will be held in February next year, an official statement said on Saturday. The fourth round of the negotiations was concluded here this month.

Naga Chaitanya gears up to marry Sobhita Dhulipala, an April 2024 moment brought Samantha Ruth Prabhu into the limelight for her inspiring approach to sustainable fashion. Known for her elegance and style, Samantha made waves by giving her wedding gown a new life, merging sentimental value with eco-consciousness.

Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions.

Indian craftsmanship and modern design excellence, DIVIANA says it has opened a luxury furniture flagship showroom in Milan, Italy. Situated in the Montenapoleone Fashion District in Via Monte di Pieta, this 3200 sqft. The company says the showroom is a testament to India’s growing leadership in global design.

Indian American Minorities (AIAM), a newly formed non-governmental organisation, was launched on Friday at Sligo Seventh-day Adventist Church, Maryland. The initiative aims to unite and promote the welfare of minority communities within the Indian American diaspora in the United States. During the event, Prime Minister Narendra Modi was honoured (in absentia) with the Dr Martin Luther King Jr Global Peace Award for Minority Upliftment. The award was jointly presented by Washington Adventist University and AIAM, recognising his efforts towards inclusive development and minority welfare.