Rights Financial News

Disney and Reliance have offered some concessions to secure an India antitrust approval for their $8.5 billion media merger, but are unwilling to sell any cricket broadcast rights, the biggest prize in the deal, two sources familiar with matter said. Reuters reported earlier this week that the Competition Commission of India (CCI) sent a warning notice to the companies expressing concern that their merged entity will have a tight grip on most cricket rights for TV and streaming in India, and can hurt advertisers. In their response, the companies have offered to go easy on advertising rate hikes and not increase them unreasonably, the sources said.

Janmashtami, the Hindu festival celebrating the birth of Lord Krishna, will be observed on August 26 and 27 this year. Marking the 5251st birthday of Lord Krishna, the festival is revered by millions of devotees across India, particularly in Vrindavan and Mathura, where Krishna spent his early years. The day is filled with rituals, fasting, and vibrant festivities, reflecting the deep cultural and religious significance of the event.

chartered accountant from Vikhroli, Mumbai, after his car inadvertently splashed water on them from a deep pothole near Jan Seva Bank in Keshavnagar, Mundhwa, in Pune around 5.45 PM on Monday. The victim, Yash Manwani, sustained injuries and later lodged a complaint with the Mundhwa police. The incident took place when Yash Manwani, 29, was driving to Keshavnagar to pick up his siblings for Rakshabandhan. Manwani, who hails from Bhopal and lives in Vikhroli, works with a private firm. «I was going to Keshavnagar to pick up my brother and sister on the occasion of Rakshabandhan,» he told TOI. Near Janaseva Bank, his car drove through a deep pothole filled with water, splashing the duo on the bike and two passing pedestrians. The biker chased Manwani's car and kicked its driver's side, prompting him to stop and roll down his window to explain the situation. However, the biker and his pillion rider forced Manwani out of the car and started a quarrel. «I advised them to visit the nearby Keshavnagar police chowkey, but they refused,» said Manwani. The two pedestrians reached the scene, and the four men started to abuse and physically attack him.

«Yes, LPG losses which have gone up, which spoiled the Q1 results remains an uncertainty in terms of how they will be compensated for,» says Probal Sen, ICICI Securities. Well, the crude prices have seen quite a bit of dip and has come a bit suddenly from $80 per barrel mark, now down to 76. How much would have marketing margins increased? Is this something which is going to have a bit more structural impact you think in terms of the earnings? Probal Sen: Yes, absolutely. I think if we look at the last week itself, blended retail margins have actually gone up to the levels of around Rs 7 odd, if our calculations are correct, which is almost Rs 2.5 to Rs 3 higher compared to the 1Q average levels that we saw.

Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers. Neither the companies nor the regulator have commented as the process is confidential.

right to disconnect." The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours. Similar laws giving employees a right to switch off their mobile devices are already in place in France, Germany and other countries in the European Union.

Banijay Asia, part of content powerhouse Banijay Entertainment, has inked a deal with Sony Pictures Television, the global television production and distribution company, acquiring format rights to produce Indian remakes of five of its popular international scripted series. The five shows include Drop Dead Diva, La Prepago, Men At Work, Mob Doctor, and Rosario Tijeras. Drop Dead Diva is a blend of comedy and drama that follows the story of a fashion model who dies in a sudden car accident and reincarnates into the body of a brilliant, plus-sized lawyer.

Indian Renewable Energy Development Agency (IREDA) jumped nearly 9% to Rs 259.3 in Thursday's trade on the BSE, as the company's board is expected to consider a proposal to raise Rs 4,500 crore in one or more tranches through a follow-on public offer (FPO) or other modes during its meeting on August 29. In its filing to the exchanges post-market hours on Wednesday, IREDA informed about its fundraising plan via FPO or other routes — qualified institutional placement (QIP), rights issue, or preferential issue. It could also be a combination of these, the filing said.

T20 World Cup, two people familiar with the matter said. Sydney Morning Herald was the first to report that Star has pressed for a renegotiation. India lifted the ICC Men’s T20 World Cup, which was held in the US and the West Indies to promote cricket in newer geographies; however, many advertisers skipped the event since fewer Indians were likely to watch these matches due to inconvenient timings, in a setback for Star.

Mint in an interview. Rising investor interest has led to the Tata Group's retail company's shares appreciating 250% in the past one year to Wednesday's closing price of ₹6,776.70 apiece on the BSE. Trent's market capitalization of more than ₹2.40 trillion makes it the fourth-most valuable Tata company, behind Tata Consultancy Services Ltd, Tata Motors and Titan Ltd.

stocks inched higher on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the most recent meeting of the Federal Reserve, which cemented expectations for a September rate cut. All three major U.S. stock indexes closed modestly higher.

Lionel Messi's injury has raised concerns among soccer fans as Inter Miami footballer has been out of action since Argentina's Copa America 2024 triumph on the US soil in mid-July. Now injured Argentina captain Lionel Messi has been left out of the squad announced by the Argentine FA for September's South American World Cup qualifiers against Chile and Colombia. The 37-year-old Messi was not included in the 28-man squad following an ankle injury sustained during last month's Copa America final in the United States. The Inter Miami player is currently recovering from a right ankle injury at his club. Neither Messi nor the Inter Miami club management has divulged details about his return for the competitive game.

Chuck Failla, of Sovereign Financial Group, has built a reputation for his critical stance on the broker-dealer model. A staunch advocate of the Registered Investment Advisor (RIA) approach, he underscores the growing demand for fiduciary advice as a significant driver of the RIA sector’s expansion.

The top-ten meme coin and soon-to-be trading bot inspired by Elon Musk’s pet Shiba Inu of the same name, Floki ($FLOKI), is the best performing large-cap doge-themed coin of the last seven days.

Independence Day. Coupled with our foreboding is the fact that Fortune hasn't been kind, or blind, to police sir-jees this week, whether in Kolkata or in Chhattisgarh's Mungeli.

Cardano has risen by 2% in the past 24 hours, with the ADA price climbing to $0.3512 on a day when the crypto market has dropped by 3%.

By Howard Levitt and Madelena Viksne

₹6,000 and go all the way up to more than ₹1Lakh. This gives the buyers multiple options to choose from based on what they want to do on the tablet. One significant advantage of having an Android tablet is the world of apps and games you can unlock.

will consider a proposal to raise up to Rs 4,500 crore through issuance of shares in its meeting on August 29. The funds would be raised in one or more tranches through Further Public Offer (FPO) / Qualified Institutional Placement (QIP) / Right Issue / Preferential Issue or any other permitted mode or combination, subject to the statutory or government approval, a BSE filing said. IREDA, under Ministry of New & Renewable Energy, is engaged in providing finance to mainly renewable energy projects.

Editor’s note (June 20th 2024): The Supreme Court has ruled in Moore v United States, upholding the tax at issue (the “mandatory repatriation tax"). The court declined to weigh in on the constitutionality of a tax on unrealised gains. What is income, really? Ask an economist and they might describe “Haig-Simons" income—the value of a person’s consumption of goods and services, plus the change in their net worth over a certain period. A lawyer might refer to Section 61(a) of the IRS Code 26, which defines “gross" income as “all income from whatever source derived", including but not limited to commission, interest, property deals and wages.

MUMBAI : NMDC Ltd clocked an Ebitda growth of 18% year-on-year (y-o-y) for the June quarter (Q1FY25), beating Street’s estimates. This growth was driven by higher realisation, up 9.3%, lower royalty expenses and other operating costs. However, the company faces near-term headwinds, with the recent cut in prices reflecting global supply overhang.