Sony and Zee Entertainment: Merger Plans Cancelled
Sony-Zee merger deal terminated: What went wrong? The proposed $10 billion merger between Sony Group Corp’s India unit and Zee Entertainment Enterprises Ltd has been officially called off by Sony, citing unmet conditions and a leadership dispute. The deal, which was announced in December 2021, aimed to create India’s largest entertainment company, with the financial […]
National Farmers Society, IndiaAI, Wadhwani MoU for AI in Agriculture
The agricultural sector in India is undergoing a major transformation with the advent of artificial intelligence (AI). AI is a branch of computer science that enables machines to perform tasks that normally require human intelligence, such as learning, reasoning, and decision-making. AI has the potential to revolutionize various aspects of agriculture, such as crop monitoring, […]
GQG Boosts Its Stake in Adani Stocks During December Quarter
GQG Partners, a U.S.-based investment firm, has increased its stake in seven Adani Group companies in the December quarter, according to stock exchange data. The firm, led by Rajiv Jain, is betting on the execution ability of the Adani Group in its core infrastructure sector. Adani Ports and Special Economic Zone (APSEZ) GQG Partners hiked […]
Tata Group’s Record IPL Sponsorship: Rs 2,500 Crore Till 2028
The Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) for five years, from 2024 to 2028, paying a record-breaking amount of Rs 2,500 crore (US$301 million approximately). This is the highest-ever sponsorship value in the history of the league, which has become one of the most popular and lucrative […]
Pension Funds’ Total Corpus Surpasses Rs 11 Lakh Crore: PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) has announced that the total corpus under the National Pension System (NPS) and Atal Pension Yojana (APY) has crossed Rs 11 lakh crore as of January 10, 2024. This is a significant achievement for the pension sector in India, which aims to provide social security and retirement […]
Regional Language Textbooks: Centre’s Three-Year Plan
The Centre has announced a major initiative to promote multilingualism in education and provide students with the opportunity to study in their mother tongue. According to the Union Education Ministry, all school and higher education regulators and institutions will have to make study material available in regional languages for all courses in the next three […]
CBSE to Hold Board Exams 2 Times a Year from 2024-25
The Central Board of Secondary Education (CBSE) has announced that it will conduct board exams for class 10 and class 12 students twice a year from the academic session of 2024-25. This is a major reform in the examination system that aims to reduce the stress and anxiety of students and provide them with multiple […]
Jio Financial Services Launches Laptop, Phone, Airfiber Rentals
Jio Financial Services, a subsidiary of Reliance Industries, has launched a new service that allows businesses to rent laptops, phones, airfiber and other tech devices. The service, called Device as a Service (DaaS), is a corporate financing model that aims to improve cash flow and IT fleet management for companies. What is DaaS? DaaS is […]
ZestMoney Acquired by DMI Group in Strategic Move
In a surprising turn of events, the DMI Group, a pan-India financial services platform, announced the acquisition of ZestMoney, a leading buy now pay later (BNPL) startup, on January 17, 2024. The deal is said to be a fire sale, as ZestMoney had shut down its operations in December 2023 due to funding crunch and […]
Amazon Receives CCPA Notice for ‘Shri Ram Mandir’ Sweets Sale
Amazon, the e-commerce giant, has been issued a notice by the Central Consumer Protection Authority (CCPA) for allegedly engaging in deceptive trade practices by selling sweets with misleading claims of ‘Sri Ram Mandir Ayodhya Prasad’. The action was initiated based on a complaint by the Confederation of All India Traders (CAIT), who accused Amazon of […]