Booking Financial News

Creativeland Asia Group is looking to create a multi-million-pound content fund in partnership with global investors, the company's founder, Sajan Raj Kurup, told ET. “We are looking to build a global content fund. It will be aglobal consortium of investors who are willing to put money behind a certain type of content,” Kurup said. The company, which recently launched Creativeland Studios, is planning to build a strong content pipeline of long-form content like films and web series. The launch of its content studio coincided with the acquisition of a 62% stake in London-based Creators Inc for over Rs 30 crore. The Creators Inc. acquisition will give the company access to directorial talent from British and American filmmakers like Guy Ritchie, Cary Joji Fukunaga, Philip Barantini, Colin Tilley, and Mark Osborne. The advertising firm, which closed FY23 with a top line of over Rs 130 crore, has acquired over 45 book titles and scripts in India, the UK, and the USA over the past three years.

Beyond the Story is the first ever official book of BTS, which contains a chronological summary of BTS’ music career from their pre-debut days to the present as well as anticipations for their future endeavors. We hope Beyond the Story will become a ‘candid record shared’ between BTS and ARMY," explained a press note from BigHit Music. Structured like an oral history about the K-Pop boy band the book “shares personal, behind-the-scenes stories of their journey so far through interviews and more than three years of in-depth coverage".

ALSO READ: Tom Cruise surprises fans with his fluent Hindi accent | Watch According to a report by Pinkvilla, till 3:30 pm on Friday, Mission: Impossible - Dead Reckoning Part One had already sold approximately 28,000 tickets for the opening day and 62,000 tickets for the first weekend in booking in India. The advance ticket booking may reach over 1.10 lakh.

Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds from the ECB will be used for the financing of affordable housing. The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said.

ANZ will remain an outlier on mortgage stress-testing rules compared to its rivals, believing that relaxing lending criteria for refinancing borrowers would be a marketing exercise that would have little effect.

BTS ARMY Day, according to reports. BTS' hotly anticipated memoir in South Korea is available in 23 languages. «Beyond the Story: 10-Year Record of BTS» contains a chronological summary of BTS members' musical career as well as hints at their future endeavours, according to their agency BIGHIT MUSIC. It was co-written by South Korean journalist Kang Myeong-seok and members of the band, according to its US publisher Flatiron Books. The book, which is also being released in the United States, shot to the top of the Amazon and Barnes and Noble bestseller lists in May on the strength of its pre-orders.

Johnny Depp recently visited the birthplace of poet and writer Dylan Thomas in Swansea, Wales. The Pirates of the Caribbean actor could make the visit to the Swansea place because around the same time, he had a gig in Swansea Arena. Depp was set to perform with his band Hollywood Vampires with American rock singer Alice Cooper.

Investing.com — U.S. inflation data for June will be in focus with the Federal Reserve all but certain to hike rates again later this month. Earnings season kicks off with results from big banks, while data out of China is expected to point to ongoing economic weakness. The Bank of Canada is expected to hike rates again and oil prices could be poised to break out to the upside.

«The sharp increase in US payroll data led to expectations of a prolonged high-interest rate environment, resulting in a spike in US yields and increased volatility in global equities. Market participants are awaiting key data points such as domestic and US inflation numbers for further insights into the sustainability of the market trend. Given the elevated market valuation, the profit booking is visible at the upper band of the rally,” he added.

Maruti Suzuki expects its market to grow faster by riding on the back of strong demand for its models, especially the SUV range, according to a senior company executive. The auto major anticipates the overall passenger vehicle market to grow in the range of 5-7 per cent this fiscal. The PV industry is expected to close the current fiscal at 40.5-41.3 lakh units, Maruti Suzuki India (MSI) Senior Executive Officer (Marketing and Sales) Shashank Srivastava said. «We have not revised our estimates which we had made at the beginning of the year. We said the industry growth would be in the 5-7 per cent range and our growth should be higher than the industry,» Srivastava said. He noted that in the first quarter, the company grew by 12.2 per cent while the industry grew by around 9.5 per cent.

Narendra Modi called Congress ‘loot ki Dukan’ while kickstarting the Rajasthan Assembly Elections campaign, while on Sunday it was reported that an FIR has been registered against Congress veteran Digvijay Singh for allegedly sharing a controversial post on former Rashtriya Swayamsevak Sangh (RSS) chief MS Golwalkar on social media.  Singh also faced brutal words from Madhya Pradesh Chief Minister Shivraj Singh Chauhan hit out at Congress accusing them of spreading "misinformation" and creating social hatred by sharing a "false" post on Golwalkar. Notably, the BJP in Madhya Pradesh came into power after rebel Jyoptiraditya Scindia walked out and joined the saffron party leading to the downfall of the Congress leader Kamal Nath's government.

The sentiments around the IT sector remain weak on the deteriorating demand environment, which is expected to only pick up in the second half of fiscal 2024. Focus on cost efficiency, with companies cutting down on non-critical projects, and weak global macroeconomic conditions are expected to create pressure on the topline of these companies.

Digital Labs Private Limited (ADL), a subsidiary of Adani Enterprises, has recently completed the acquisition of a 29.81% stake in Enterprises Private Limited (SEPL), popularly known as Trainman, an innovative online train booking and information platform. The official announcement regarding this strategic acquisition was filed with the exchange on July 7. This move follows Adani Enterprises' previous declaration of its intention to obtain full ownership of SEPL.

Hyundai Exter. As revealed by the auto manufacturer, the Exter SUV will come in six single-tone and three dual-tone color options including Cosmic Blue and Ranger Khaki. Here’s everything that we know about the SUV so far Bookings of the Hyundai Exter SUV are currently open.

construction and major activities in the city, preparations are in full swing for D-day. The rocket is scheduled to be launched on July 15 at 2:35 pm. If all the factors favour India's lunar mission, the Chandrayaan-3 will land on the moon on August 23.

GST Council is likely to decide on a new rule in GST law under which businesses would be required to explain the reasons for excess input tax credit (ITC) claimed or deposit the amount with the exchequer, sources said. They said the Law Committee, comprising tax officers from Centre and states, has opined that where the ITC availed in GSTR-3B return exceeds the amount of ITC available in accordance with the auto-generated statement GSTR-2B by a specified threshold, the registered person may be intimated on the portal about such difference and be directed to either explain the difference or pay the excess ITC along with interest.

Bajaj-Triumph Speed 400 costs ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of July. The company, however, has not revealed the price of Scrambler 400X.

HDFC Bank will announce its June quarter results on July 17, a first post the merger. «We wish to inform you that a meeting of the Board of Directors of HDFC Bank will be held on July 17 to consider the unaudited standalone and consolidated financial results for the first quarter ending June 30, 2023,» the company said in a filing. HDFC Bank had earlier said its merged loan book with HDFC stood at about $274 billion at the end of the June quarter.

Adani Ports, UPL, Aarti Industries and Ambuja Cement are four stocks on which Rajesh Palviya, SVP — Technical & Derivatives Research, Axis Securities, recommends a sell. “Adani Ports demonstrates a bearish sentiment as it recently breached the medium-term upward-sloping trendline. It is currently trading below critical moving averages (20, 50, and 200-day SMA), accompanied by a persistently lower daily RSI relative to its reference lines,” he says.

Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.

Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granuls India, and India Cements are the four stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.