Rights Financial News

On Wednesday (24 April), the board said it had agreed to the US-based music rights group's increased all-cash offer to acquire the portfolio at $1.25 per share, which values the trust at around $1.51bn. Concord's new offer, which represents a rise of around 7.8% on its previous bid, trumps Blackstone's offer to buy the trust's assets for $1.24 per share, or $1.5bn, announced over the weekend.  Concord Music trumps Blackstone's bid for Hipgnosis Songs with raised $1.51bn offer Blackstone's latest remarks come as shareholders await its next move. Hipgnosis Song Management has the rig...

—Name withheld on request Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders. Once the moratorium period is over, insurers cannot reject a claim on the grounds of non-disclosure, or misrepresentation.

ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company's arm ITC Hotels, which had opened 22 new properties in the last 24 months, plans to add another 70 hotels in the next five years in India as part of expansion plans in the hospitality sector. Besides the hotels business, the company will look for opportunities to expand the presence of FMCG and other verticals in new overseas markets as well. «We are open to exploring opportunities that come about. I think we have strong credentials in hospitality which we can take outside India now. Very clearly at the moment the focus is on proximal markets, be it for hospitality, be it for FMCG...,» Puri said here at a press conference after the opening of the 352-room luxury property, ITC Ratnadipa here.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “there are two PSU stocks which we are very confident on. One is from the PSU banking space. The Bank of Baroda looks pretty strong at these levels. We feel there is a strong case for a target of Rs 285-295 on the upside, the PSU banking index has turned around, so can be bought with a stop loss of Rs 251. Another stock which looks good on the power side, Power Finance Corporation (PFC). The stock has been quiet for many weeks now and we feel the time is right for the stock to give an up move, so can be bought with a stop loss of Rs 394 and an initial target of Rs 425.” Today’s the day of the monthly expiry. Should we brace ourselves for a 3 pm move? Rahul Sharma: Yes, it has been quite a subdued one so far. But the good thing is the mid-month crash got over last week. Post that, we have seen a very smart recovery. Now, we are heading on to the main series, which has historically been a very positive month out of like 10 times Nifty has been in the green 7 times in the last decade and at the same time we have also seen ultra-low levels on the India VIX which is suggesting that the option participants are not fearful of like a big down move at this point in time.

lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India's Ministry of Mines began discussions with Australia and the United States last year, said the four sources, two from India's government and two industry participants. The Indian government and some private companies have also sought help from Bolivia, Britain, Japan, and South Korea, said the sources, who did not wish to be identified as the discussions were not public. Executives from Russia's TENEX, part of state-owned nuclear energy company Rosatom, approached the Indian government and have held at least two meetings with Indian officials this year, offering lithium processing technology and the possibility of collaborating with Indian companies, said one of the sources, a senior government official with direct knowledge of the plans.

Attingal constituency is set to take place on April 26, 2024. The Election Commission of India had released the final schedule for the voting and result announcement in March. Voting for the Attingal Lok Sabha seat is scheduled for April 26, 2024, during Phase 2 of the elections. The results will be declared on June 4, 2024.

In a stock exchange notice on Wednesday (24 April), the board said it had agreed to the US-based music rights group's increased all-cash offer to acquire the portfolio at $1.25 per share. The raised offer comes a week after Concord made a cash offer equivalent to $1.4bn to acquire the trust's assets, or $1.16 per share, using minority of equity as well as debt from asset manager Apollo Global Management. Concord's new offer, which represents a rise of around 7.8% on its previous bid, trumps Blackstone's offer to buy the trust's assets for $1.24 per share, or $1.5bn, announced over the...

he is ready to withdraw the suit "if Moitra makes a statement that she will not make a statement against him which are palpably false", Bar and Bench Reported. Dehadrai alleged that the former MP from West Bengal made defamatory comments against him and said in interviews to the media that he is “jobless" and “jilted". Reacting to this, advocate Samudra Sarangi, who appeared for Moitra, said that "he will obtain instructions on the same".

Eldeco Infrastructure and Properties Limited (EIPL), a prominent player in North India’s real estate sector, and HDFC Capital Advisors Limited (one of the largest real estate fund managers in India) have announced the latest round of funding of Rs 350 crore towards their joint platform aimed at developing residential projects across India. With this funding, the platform size stands at Rs 850 crore, underscoring a resolute commitment to addressing the nation’s growing residential demand.

Apple has scheduled its next hardware event, “Let Loose”, where the iPhone maker will unveil swanky new iPads under the Pro and Air line-ups. While the pro would be its most powerful iPad to date, with the upcoming iPad Air, it is planning to do something different. Or at least that is what rumour mills seem to suggest.

Investing in mutual funds can be a powerful tool for wealth creation, especially in a country like India with a growing economy and a burgeoning middle class. However, the question of when to start investing in mutual funds is one that many individuals grapple with. The simple answer? The sooner, the better. Let’s delve deeper into why and how to get started.

The new tax regime was introduced by the Finance Minister in the Union Budget 2020. This regime, also known as the simplified tax regime, offers lower tax rates with fewer deductions and exemptions, compared to the old tax regime. The income tax provisions allow an individual to choose either of the two regimes. The choice can be made every year except where an individual has a business or a profession.

Lok Sabha elections on April 26, restaurants and hospitals in Noida and Greater Noida are offering discounts to citizens who exercise their right to vote tomorrow. Officials said restaurants are offering up to 20% discount on bills, while hospitals are giving free full body check up to voters, PTI reported.

₹10.5 lakh as per today’s exchange rate) a day. They said, ‘Yes, you’re right. We can’t afford you’." Everyone burst into laughter hearing the incident.

Lok Sabha elections from the Kaiserganj constituency in Uttar Pradesh. The Bharatiya Janata Party (BJP) has not announced its candidate from the Kaiserganj seat. “I am not a candidate right now.

Apple of using «illegally exploited» minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday. The DRC's lawyers have sent Apple a formal cease and desist notice seen by AFP, effectively warning the tech giant it could face legal action if the alleged practice continues.

Nilesh Shah, MD & CEO, Envision Capital, says over the next 5 to 10 years, the pecking order in the Energy, Manufacturing, Infra (EMI) space will still be dominated by ABB, Siemens, L&T. These are essentially the companies which essentially are going to be the enablers of the EMI space. I do not think they are going to get bigger and bigger and you are really not seeing new players coming in there and they have the trust of their customers because these are such critical equipment that you are not going to compromise on anybody else and you are essentially going to go for the established players. It is these kinds of companies which will continue to dominate for the foreseeable future. Shah says: “Within EMI, if I were to use energy as well as infra, Hitachi Energy has been a position that we have now owned for three, three-and-a-half years. In this space, we have been owning KSB, which we have partly exited. We have been owning TD Power. We have been owning Jash Engineering” We currently are a $4 trillion economy. The financial market is about $4-4.5 trillion. In the journey from $4 to $10 trillion, when it will happen, we do not know. What will happen is what we both know, which is that $5-6 trillion will get created in the next three to five years. Do you agree with me? Nilesh Shah: Yes, that is right.

The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24.

Music rights investor Concord increased its takeover bid for Hipgnosis Songs Fund Ltd. to $1.51 billion, trumping a rival proposal from Blackstone Inc.

The S&P 500 returned an impressive 10.6 percent in the first quarter of 2024. And that was on top of last year’s more than 24 percent gain. That’s not bad for financial advisors seeking to curry favor with their clients.