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The Economic Times

T20 World Cup: Disney Star ropes in Dream11, ICICI, Maruti & 11 others as sponsors

Disney Star unveiled a diverse sponsorship lineup for the ICC Women's T20 World Cup 2024, featuring 14 sponsors across various sectors. The tournament, to be exclusively broadcast on Disney Star Network and Disney+ Hotstar, is set to feature 10 teams competing in 23 matches over 17 days in UAE.

The Economic Times

ET Startup Awards 2024: it’s an all-star cast of speakers in milestone year for ETSA

Nandan Nilekani, a digital public infrastructure (DPI) evangelist, will delve into the past decade of India's tech and startup ecosystem and look ahead at what’s in store for the new economy amid groundbreaking technological innovations and the maturing of the country’s startup ecosystem.

Business Standard

WJ Towell & Co raises claim in arbitration from Blue Star to Rs 461.74 cr

Air-conditioner maker Blue Star Ltd on Wednesday said Oman's WJ Towell & Co LLC has increased claim to Rs 461.74 crore from it in their ongoing arbitration proceedings at International Chamber of Commerce. In April this year WJ Towell & Co LLC (WJT) had filed arbitration proceedings against Blue Star with International Chamber of Commerce (ICC) claiming OMR 103,18,000 (approximately Rs 223.6 crore) plus an interest of 7 per cent on the total claim amount, the company said in a regulatory filing. "In the statement of claim received by the company on October 1, 2024, the claim amount has been revised to OMR 2,11,80,748 (approximately Rs 461.74 crore) plus interest of 7 per cent on the total claim amount," it added. "The company reiterates that the claims filed by WJT are frivolous, unsubstantiated, premised on fundamental factual misstatements and contrary to the overwhelming facts and evidence," Blue Star said. Based on its assessment, the company said the claims made by WJT ...

Business Line

Akshay Kumar most visible star in TV ads in H1: TAM Media Research

Overall,celebrity endorsed ads saw a recovery in terms of ad volumes in January-June recording a growth of over 10 per cent over the same period in 2023, as per a report by AdEx India, a division of TAM Media Research.

The Economic Times

Tech view: Nifty closes below 25,900, forms long bear candle. How to trade tomorrow

A technical analyst, Nagaraj Shetti, believes that the Nifty index is likely to decline further in the near future. He points to the formation of a bearish reversal candle pattern, similar to a bearish evening star, on the daily chart. This pattern, combined with a gap-down opening, suggests that the short-term uptrend may be over.

Business Standard

India's consumer durables market to be world's 4th largest by 2027: CII

India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027, industry body CII said on Monday. While the country's products are inching towards global reliability, it is imperative to build a robust quality ecosystem and adopt standardisation in the sector and also export Indian standards globally, said B Thiagarajan, Chairman, CII National Committee on Consumer Electronics and Durables. Speaking at the CII Consumer Electronics & Durables Summit 2024, Thiagarajan, who is also the Chairman and Managing Director, Blue Star Ltd, further said the next decade is expected to create multiple opportunities across the value chain in the sector. "From finished goods as well as development of an indigenous component ecosystem, with the right focus on domestic scale, India's prospects of becoming a global manufacturing powerhouse holds great promise," he asserted. Thiagarajan said, "India is already the ...

Business Standard

Cloudflare denies hosting sites linked to data leak at India's Star Health

Star also sued Telegram and hacker xenZen, after it was reported that sensitive personal data, from numbers to copies of identity cards and blood reports of customers, were publicly accessible

The Economic Times

Reliance's Viacom18-Disney merger: Govt approves transfer of licence to Star India

The government has approved the transfer of non-news TV channel licenses from Reliance Industries' Viacom18 to Star India. This move follows the merger approval by NCLT and conditions set by the Competition Commission of India. The combined entity will be India's largest media house, with Reliance holding a majority stake.

The Economic Times

Cloudflare denies hosting sites linked to data leak at India's Star Health

The company has received a temporary injunction from a court in its southern home state of Tamil Nadu ordering Telegram and the hacker to block any chatbots or websites in India that make the data available online.

Hindustan Times

Reliance's Viacom18 gets govt approval for non-news, current affairs TV channel license transfer to Disney's Star India

Reliance gets the government's approval to transfer Viacom18's non-news and current affairs TV channels licenses to Star India as part of their merger

The Economic Times

Viacom18 gets I&B ministry approval to transfer TV channels to Star

The Ministry of Information and Broadcasting has approved the transfer of TV channel licences from Viacom18 to Star India, completing the final step in their merger. This merger, valued at $8.5 billion, will create a media giant with 117 channels across various genres, expected to generate significant cost and revenue synergies.

Mint

Reliance-Disney $8.5 billion merger ahead: RIL wins I&B Ministry's approval for transfer of channels

Reliance-Disney merger: I&B Ministry approved transferring licenses relating to non-news and current affairs television channels. The channels held by Viacom 18 Media Pvt Ltd will be transferred to Star India Private Limited.

CNBC TV18

RIL-Disney India merger | Centre gives nod to licence transfer of Viacom18's non-news TV channels to Star India

Reliance Industries Share Price | The transfer of non-news and current affairs TV channels held by Viacom18 to Star India is subject to conditions laid by the Competition Commission of India, the company informed the exchanges.

Business Line

Ahead of merger with Disney, Nita and Akash Ambani join Viacom18 board

The appointments came after the Star India merger, owned by Walt Disney and Viacom18, cleared the regulatory clearances from the fair trade regulator CCI and NCLT

Business Standard

Star Health sues Telegram after hacker uses app chatbots to leak data

Star Health has sued Telegram and a hacker for leaking sensitive data via chatbots on the platform, which has recently been under increased scanner for its policies

Business Line

Star Health sues Telegram after hacker uses app's chatbots to leak data

Star in the notice described the incident as "illegal hacking and unauthorized accessing of the confidential, sensitive" information

Business Standard

Royal Orchid Hotels signs new 5-star property in Chittorgarh, Rajasthan

The new property signing is part of ROHL's expansion plans in India with hotels across segments ranging from upscale properties to value stays. The property will be managed by ROHL and will start welcoming guests from early 2025.

Business Line

Star Group gets debt lifeline, needs even more in fight to survive

A castigating inquiry last month found Star remained unfit to operate its flagship Sydney casino, and the gaming regulator is weighing its response

Business Standard

Nita and Akash Ambani join Viacom18 board ahead of Star India merger

The move comes as Viacom18 nears the final phase of its merger with Disney's Star India

CNBC TV18

Five-Star Business Finance Block Deal: 11% equity worth ₹1976.4 crore changes hands

Five-Star Business Finance Share Price | On Wednesday, it was reported that Five Star Business Finance was to conduct a secondary block sale valued at ₹4,316.9 crore, confirming an exclusive by CNBC-TV18 earlier in the day.

The Economic Times

Meta unveils star-studded AI assistants

Meta launched AI chatbots voiced by Hollywood celebrities like John Cena and Judi Dench on Wednesday, betting that its billions of users are eager to embrace artificial intelligence. Like other chatbots, it can suggest recipes from food photos or edit images based on simple user requests.

CNBC TV18

CNBC-TV18 newsbreak confirmed: Five Star Biz Finance block deal valued at ₹4,316.9 crore

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The Economic Times

FDI in I&B sector falls 31% in Q1; Walt Disney tops with ₹2.8k-crore investment

The information and broadcasting sector in India saw a 31% decline in foreign direct investment during the first quarter of this financial year, attracting ₹3,374 crore. Major investments included Walt Disney's ₹2,839 crore in Star India and Uday Shankar and James Murdoch's ₹4,306 crore into Viacom18.

Hindustan Times

New AI-based investment product from Star Union Insurance to be launched for beating large cap portfolios

The new insurance product is to outperform Indian large cap portfolios, which has become a challenge in general, mirroring western capital market trends

The Economic Times

In Charts | Jewellery stocks shine: A closer look at business growth and institutional holdings

In FY24, seven companies reported double-digit sales growth compared to the previous year, while PC Jeweller saw a significant decline in sales, followed by Asian Star and Rajesh Exports. Tribhovandas Bhimji & Renaissance Global experienced slight downturns. Profit growth varied, with some companies achieving double-digit increases, others showing single-digit growth, and a few facing losses.

The Economic Times

JK Lakshmi extends brand endorsement deal with Rohit Sharma for fifth year

JK Lakshmi Cement has renewed its partnership with cricket star Rohit Sharma for the fifth year. This collaboration underscores their shared values of excellence, strength, and reliability. Rohit Sharma will continue to feature in JKLC’s advertising campaigns, enhancing the brand's connection with consumers and stakeholders nationwide.

The Economic Times

Audible, Disney launch three original audio series

Audible and Disney Publishing have released three new Audible Originals featuring stories from Frozen, Cars, and Star Wars. These titles join a collection of 60 classic Disney audiobooks available exclusively on Audible. The launch coincides with the introduction of Kids Profiles, allowing parents to share curated audio content in a child-friendly environment.

Mint

Stocks to buy: HCL Tech to BPCL—Stoxbox lists top seven 'star stocks' to bet on in September; Check entry point, TP

Stocks to buy: Domestic brokerage Stoxbox has released this month's top seven stock picks. The brokerage has selected the following stocks based on technical and fundamental parameters.

The Economic Times

Disney Star secures exclusive rights for T10 global tournaments

Disney Star has partnered with T Ten Global to broadcast four major T10 cricket tournaments in India over the next four months. The deal includes coverage of Zim Afro T10, US Masters T10, Abu Dhabi T10, and Lanka T10 in multiple languages. This collaboration aims to bring fast-paced cricket action to Indian fans.

The Economic Times

Asian Cricket Council faces a tough media rights test

The Asian Cricket Council's media rights sale for the 2024-31 cycle will be a significant event, with a base price set at $170 million. Major players like Star India, Viacom18, Sony Pictures Networks India, Zee Entertainment, and FanCode are expected to participate. The auction comes amid industry consolidation and budget constraints due to previous commitments to other cricket properties.

Business Standard

Hacker uses Telegram chatbots to leak data of Star Health Insurance: Report

Using the chatbots enabled downloading policy and claims documents featuring names, phone numbers, addresses, tax details, copies of ID cards, test results and medical diagnoses

The Economic Times

UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals

UBS sold holdings in Concord Biotech, Five Star Business Finance, IIFL Securities, and Marksans Pharma through block deals, totaling Rs 480 crore. The largest sale was in Concord Biotech, worth Rs 192 crore at a 15% premium.

The Economic Times

KRN Heat Exchanger and Refrigeration's Rs 342-cr IPO to open on Sep 25

The company has long standing relations with Daikin Airconditioning India, Schneider Electric IT Business India, Kirloskar Chillers and Blue Star among others

CNBC TV18

IndoStar Capital rises nearly 13% on sale of housing finance arm for ₹1,750 crore

IndoStar Capital Share Price | EQT, a global private equity firm, plans to infuse an additional ₹500 crore into IndoStar Home Finance after the completion of the transaction.

Business Standard

Indostar Capital soars after board OKs sale of housing finance arm to EQT for Rs 1,750 crore

Indostar Capital Finance jumped 6.27% to Rs 320.25 after the company announced that its board has approved the sale of IndoStar Home Finance to WITKOPEEND B.V. for Rs 1,750 crore on a fully diluted basis.

Business Standard

EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore

The fund will also invest an additional Rs 500 crore to fuel the company's geographic expansion and digital transformation

Hindustan Times

Private data of millions of Indian top insurer Star Health's customers up for sale

Stolen medical data from Star Health is accessible via Telegram chatbots. Despite claims of no widespread compromise, sensitive information is for sale.

Business Line

IndoStar soars 6.51% on sale of Home Finance arm to EQT

The deal, valued at ₹1,750 crore on a fully diluted basis, was approved by IndoStar’s board on Sept 19

The Economic Times

Hacker uses Telegram chatbots to leak customer medical reports from Star Health

Stolen customer data from India's largest health insurer, Star Health, is accessible via Telegram chatbots. The data includes sensitive information such as medical reports and ID cards. Despite Star Health's claim of no widespread compromise, the incident raises concerns about data security. Authorities are investigating the breach.

The Economic Times

Hacker uses Telegram chatbots to leak data of top Indian insurer Star Health

Customer data from India's largest health insurer, Star Health, has been leaked and is accessible via Telegram chatbots. The data includes sensitive information such as medical reports and personal details. Star Health has reported the breach to authorities and claims that sensitive customer data remains secure despite the incident.