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Sony Pictures Networks has agreed to enter into negotiations to discuss a possible extension of the date to complete the merger deal with Zee Entertainment Enterprises. “The company is in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations…with a view to discuss the extension of the date required to make the scheme effective by a reasonable period of time,” Zee Entertainment said in an exchange filing. The deadline to complete the merger announced 2 years back was December 21. CMEPL is an indirect wholly-owned subsidiary of Sony Group Corporation (SGC). BEPL is also an indirect wholly-owned subsidiary of SGC and a part of the SGC Group. Last week, Zee Entertainment had informed that the company has sought an extension from Sony Pictures to complete the merger deal. «SPNI is required to start those conversations but has not yet agreed to a deadline extension,» Sony Pictures had then said in a statement. «We look forward to hearing Zee’s proposals and how they plan to complete the remaining critical closing conditions,» it said. The proposed $10-billion merger of Zee Entertainment and Sony Pictures received regulatory approvals from the Competition Commission of India, bourses NSE and BSE, shareholders and creditors of the company. In August this year, the Mumbai Bench of the National Company Law Tribunal (NCLT) also gave a go-ahead to the merger of Zee Entertainment and Sony Pictures. As per the agreements, Zee Ent’s MD & CEO Punit Goenka has to lead the merger entity.

ATMA based on revenue in 2022, Apollo, MRF, JK Tyre, CEAT, and Balkrishna Industries (BKT) from India featured in the top 30 list. As per the report, Apollo is at the 13th position and MRF at the 14th, JK Tyre at 19th, CEAT at 22nd and BKT at 27th in the top 30 list.

Selling Sunset realtor Jason Oppenheim, 46, to handle the sale. Despite the property's generous 4,000 square feet, Kanye's renovations have rendered it devoid of windows or electricity. Kanye is currently renovating the property embroiled in a legal dispute. He collaborated with renowned Japanese architect Tadao Ando. The ex-manager, Tony Saxon, alleges wrongful termination, stating he was fired for raising safety concerns during the remodel.

The finance minister of the United Kingdom has pledged to look into the reported difficulties faced by licensed cryptocurrency firms in opening business accounts in the country. 

Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software.

₹1,400 crore in Gurugram and Panchkula, in Haryana, the realty firm said on Wednesday. DLF said that it has launched two projects in Sector 67, Gurugram and Panchkula. “We have launched and completely sold out 75 shop-cum-office (SCO) plots in our new project 'Central 67' Gurugram," DLF Home Developers joint managing director and chief business officer Aakash Ohri told reporters in New Delhi.

Chinese scientists claim they received an ominous signal hours before Monday night's 6.2 magnitude earthquake but were not sure where exactly it would strike, it emerged on Wednesday. So far 131 people are confirmed dead and over 700 others injured in Gansu and Qinghai after the quake, the deadliest in nine years, hit the two provinces. While predicting earthquakes has almost appeared to be a mission impossible, researchers in the Chinese province of Shaanxi claim to have developed a groundbreaking technique that has allowed them to forecast successfully every tremor with a magnitude of 7.0 or more that struck around the globe in the past 10 years.

Following the complaint, the Rajamangalam police obtained CCTV footage from the area and launched an investigation. They subsequently apprehended the suspect, identified as Boobalan, 35, from Korattur. Boobalan had been undergoing treatment at a drug de-addiction center in the city's suburbs since August.

RBI research paper. Inflation in India is more influenced by supply side factors and occasionally by demand, said the report published in RBI's latest monthly bulletin.

₹2,241.5 crore, aimed at fortifying the company's financial standing and facilitating investments in growth initiatives. As per the company's regulatory filing today, SpiceJet plans to allocate a total of 31,83,00,000 equity shares at an issue price of ₹50 each to 58 entities.

Aurobindo Pharma were locked in at over four per cent upper circuit at ₹1,081.45 apiece on the BSE, hitting its new 52-week high mark on Wednesday, December 20. The surge in share price came after the US Food and Drug Administration (FDA) had conducted an inspection at a subsidiary of the pharma major earlier today.

seventh economic census is yet to receive approval from a majority of states for the ministry to finalise nationwide results, according to the ministry. Of the 35 states and UTs participating in the Census, 22 are yet to grant approval. “As regards to results of the 7th Economic Census, 12 States/UTs have not approved the provisional results, and it is pending in 10 States/UTs for decision on approval. Therefore, the nationwide 7th Economic Census results could not be finalised,” Rao Inderjeet Singh, Minister of State (independent charge) of the Ministry of Statistics Planning and Programme Implementation, informed Lok Sabha on Wednesday. He further pointed out that West Bengal was the only state not participating, despite consultation and communications with state government officials. The government last released the sixth economic census in 2016, based on data collected between 2013-14. The data collection for the seventh economic census began in 2019 and took two years to complete owing to Covid.

reclassified India’s de facto exchange rate regime from “floating" to “stabilised arrangement" for the period from December 2022 to October 2023 after a recent review of the country’s policies. The assessment, published in a country report on 19 December, was contested by executive director for India at the IMF, Krishnamurthy V Subramanian, who was previously chief economic adviser to the Union finance minister.

Investing.com — U.S. futures slipped lower Wednesday, as investors paused for breath after a multi-week rally based on optimism of interest rate cuts from the Federal Reserve next year.

Bonds rallied and equities paused as a fresh batch of soft inflation data boosted the likelihood of interest-rate cuts, but also underscored the risk of an economic downturn.

High-net-worth individuals in the United States and Canada are feeling challenged by weather risks, the economy, and potentially ruinous lawsuits, according to a new survey.

MOSCOW (Reuters) -A Russian court fined Alphabet (NASDAQ:GOOGL)'s Google on Wednesday 4.6 billion roubles ($50.84 million) for failing to delete so-called «fake» information about the conflict in Ukraine, the TASS news agency reported.

Aon plc (NYSE:AON) has agreed to a deal to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor.

More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption.

reported Business Line. At the same time, investors’ confidence in debt mutual funds was shaken by credit incidents and increases in key bank rates during the same period. Debt AUM of mutual funds at ₹13.58 lakh crore accounted for 7 per cent of bank deposits, which stood at ₹200.84 lakh crore as of November­-end.

Arvind Kejriwal is likely to skip questioning by the Enforcement Directorate (ED) in the excise policy-linked money laundering case as he has left for an undisclosed location for a 10-day Vipassana meditation course on Wednesday, said a report by PTI, citing officials. On Monday, the ED had issued a fresh summons to the Delhi chief minister for questioning on December 21 in the excise policy case. According to the report, he was scheduled to leave for the Vipassana course on Tuesday but could not do so as he was busy with the INDIA bloc meeting.