New Delhi: Reliance Industries Ltd-owned Jio Studios has acquired a 50.1% equity stake in Sikhya Entertainment Pvt. Ltd (SEPL) through a combination of primary and secondary transactions, for an aggregate cash consideration of ₹150 crore. The development is seen as yet another example of growing consolidation in the media and entertainment sector, fraught with challenges…
CD ratios rise when credit is booming, and economic activity is picking up. Yet, in the past, the Reserve Bank of India (RBI) has warned banks about excessively high CD ratios, though it does not recommend an ideal level. Are CD ratios too high, and why does it matter in the current context? To unpack…
Non-life insurance premiums, including health coverage, are expected to grow at an annual average rate of 13–15% in the medium, according to PwC. Such an increase makes consumers less likely to renew due to affordability concerns. Experts say that an integrated healthcare model may offer a solution. “The future of health insurance and care is…
MUMBAI: India’s push to become a global hub for drug development faces a basic constraint: the country does not have enough standardized, trial-ready hospitals and clinics to scale up to meet anticipated demand. The government’s plan to build a national network of more than 1,000 accredited clinical trial sites, announced on 1 February in the…
The government may consider hiking the foreign direct investment (FDI) limit in public sector banks from 20% to as high as 49% after conducting a review of foreign direct holdings in these banks, a senior government official said on Friday. The goal is to attract foreign investors to Indian banks while raising their capital base…
The company, a division of Universal Music Group, acquired a 30% equity stake in film and digital content studio Excel Entertainment last month and entered into a strategic partnership with Dinesh Vijan’s production house Maddock Films and its new label Mad For Mussic last year. These transactions, a senior company executive said, mirror the company’s…
Cigarette prices have risen by at least ₹22 to ₹25 for every 10-stick pack following the activation of extra excise duties on Sunday. High-end cigarettes measuring 76 mm will now see price increases of ₹50-55 per 10-stick pack, varying by brand. While producers have not yet released updated MRP labels, suppliers have started invoicing existing…
Capgemini, the French IT powerhouse, announced on Sunday its decision to divest a subsidiary contracted by the US Immigration and Customs Enforcement (ICE) agency, following global outrage over two killings during ICE operations. Capgemini, which has operations in approximately 50 nations and stands as one of France’s prominent listed firms, convened an urgent board meeting…
Budget aims to boost India’s animation, content creation with ₹250-crore investment ₹250 crore to set up AVGC content creator labs across 15,000 schools and 500 colleges, aiming to formalize India’s fast-growing creator, animation and gaming ecosystem.”/> Source link
Union Budget 2026: Finance Minister Nirmala Sitharaman on Sunday proposed the setting up of a high-level committee on “Banking for Viksit Bharat” to recommend reforms aimed at improving efficiency across the banking system, including non-banking financial companies (NBFCs). Addressing Parliament, FM Sitharaman said the Indian banking sector is currently characterised by strong balance sheets and…