NETWORK18 GROUP UPDATE
Radhakishan Damani raises stake in this cigarette stock during Q1, cuts holding in Blue Dart
Damani has increased his stake in VST Industries by 2%, bringing his total shareholding to 34.7%. At the end of the March quarter, he held approximately 32.7% in the company. Conversely, the ace investor reduced his stake in Blue Dart by 0.1%, lowering his holding to about 1.3% at the end of June 2024, down from 1.4% in March 2024.
Varun Kohli joins as COO of Times Network's News Broadcasting Business
As the COO of Times Network, I spearhead innovative strategies in collaboration with industry leaders, driving growth and success in news broadcasting. Leveraging my extensive experience, I aim to position Times Network as a frontrunner in Revenue Management and Operations, setting new benchmarks in the industry.
RCS Messaging: Decoding Apple's next move to compete with Google and WhatsApp
Apple's announcement to enable RCS messaging in iMessage with iOS 18 upgrade, enhancing communication features for Android users. RCS, a GSMA protocol, offers advanced messaging capabilities through Universal Profile 2.4.
ET Explainer: How will Apple's RCS support for SMSes improve user experience
RCS is an interactive messaging protocol which enables features such as two-way communication, exchange of text/pictures/videos, group conversations, read receipts, lead generation and other advantages as compared to the traditional SMS.
Apple shows off AI features at annual conference
Apple also said it would group messages in its email client starting later this year, categorizing them in a primary folder, a transactions folder, a promotions folder and other more specific groupings, for instance communications by an airline. The high-level categorizations are similar to a now-old feature in competitor Google's Gmail.
Eye on AI: Tech giants form industry group, Apple-OpenAI deal and other top developments
Google, Microsoft, Intel and other tech companies have come together to take on chipmaking giant Nvidia. Apple partners with OpenAI. The ChatGPT maker is training its new flagship model to succeed GPT-4. Google is putting limits on AI search experience. French unicorn startup Mistral releases generative AI model for coding.
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Tether acquires $100 million stake in US-Listed bitcoin miner Bitdeer
The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday.
Will there be crossover of 9-1-1 and 9-1-1 Lone Star? ABC reveals future plans
ABC's recent acquisition of "911" has been a major success for the network. The seventh season debuted with an intense three-episode premiere arc, attracting a growing number of viewers with each installment.
Hindustan Zinc makes a new high on silver rally
Silver is a byproduct of zinc mining, and Hindustan Zinc achieved record-high saleable silver production of 746 metric tonnes, up 5% year-on-year in FY24 while its zinc production remained stagnant at 8,17,000 metric tonnes.
Vi mulls rolling out 5G on large scale in 6 months, plans up to Rs 55,000 cr investment in 3 yrs
Vi CEO Akshaya Moondra said the company's investment will focus on expanding and strengthening coverage in 17 priority circles to be competitive.
Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146
Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.
Home First eyes $75 million fundraise from US DFC
The company is in the final leg of getting all the regulatory approvals from the US for the fundraise. The lender's marginal cost of borrowing for the funds raised during the quarter to March 31, 2024 was 8.7%. The average cost of borrowing for FY24 was 8.2%, up 80 basis points year-on-year.
VIL shareholders approve plan to raise authorised share capital to Rs 1 lakh cr
According to the scrutiniser report of the extraordinary general meeting (EGM) held on May 8, all special resolutions have been approved by the majority of the shareholders, with a minuscule percentage of voters opposing them.
Hero MotoCorp Q4 Results: PAT jumps 18% YoY to Rs 1,016 crore; dividend declared at Rs 40 per share
Hero MotoCorp Q4 Results: The company had reported a profit of Rs 858.93 crore in the year-ago period. The PAT was broadly in line with the Street's estimates of Rs 1,026 crore. This was also its highest-ever revenue and profit after tax (PAT) for any financial year.
Carlyle Group sells 2% stake worth Rs 1,442 crore in YES Bank via block deal
Prior to the block deal, the Carlyle Group held a 8.74% stake in this private lender through an entity named CA Basque Investments. YES Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 31, 2024, a jump of 123% over Rs 202.43 crore reported by the lender in the year-ago period.
Vi 2.0: Vodafone Idea's Rs 18,000 crore fundraise a 'fresh lease of life', says Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla expressed optimism about Vodafone Idea's future after the company raised Rs 18,000 crore. Birla called it a "fresh lease of life" for the telco, which has been facing challenges from competitors like Reliance Jio and Bharti Airtel. The funds will be used to improve the network, densify it, and selectively introduce 5G services, marking the beginning of 'Vi 2.0'. The company's overall debt now stands at Rs 4,000 crore, which Birla considers low.
Voda Idea a national asset, FPO sets stage for 2.0: KM Birla
“Vi is not just a telecom company. It’s a national asset with 215 million users and about 8000 MHz spectrum. That so many marquee investors participated in this equity issuance is a testament to the government’s vision of a digital India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday.
RIL Q4 Results: Net profit falls 2% YoY to Rs 18,951 crore, yet beats estimates
RIL Q4 Results: Reliance Industries reported a 2% fall in net profit to Rs 18,951 crore for the March 2024 quarter. Revenue from operations surged 11% to Rs 2.4 lakh crore, with strong growth in EBITDA and various business segments.
Vodafone Idea gets muted response for its Rs 18,000 crore FPO on Day 1
Vodafone Idea's FPO had a 26% subscription rate. Vi raised Rs 5,000 crore from 60 anchor investors. Analysts warn about profitability uncertainty and caution retail investors. The company aims to enhance its network infrastructure and roll out 5G services.
How Murdoch partner is helping Asia’s richest man Mukesh Ambani build a media empire
Media giant Viacom18, backed by Reliance Industries Ltd., is set to become a powerhouse in India's media and entertainment industry. With a focus on streaming and digital offerings, Viacom18 aims to compete with tech giants like YouTube and Meta Platforms Inc. The company's strategy includes offering ad-supported programming and integrating e-commerce into its platform. Led by media veteran Uday Shankar, Viacom18 is betting big on mobile streaming and digital advertising to drive growth in India's rapidly evolving media landscape.
As Vi Speak: Telco to ring in biggest FPO of Rs18,000 crore
Issue priced at Rs10-11 a share; at higher end, FPO is at 26% discount to preferential issue.
2 IPOs, backed by Vijay Kedia and Ashish Kacholia, booked over 10x each on Day 2
The IPO of TAC Infosec saw an overall subscription of 17 times so far on the second day of bidding. Radiowalla Network IPO got over 10x subscriptions.
Sun TV Network Q3 Results: Cons PAT rises 7% YoY to Rs 454 crore
The broadcaster owns 35 TV channels in six languages and an OTT platform Sun NXT, besides FM radio stations across India. It also owns two cricket franchises Sun Risers Hyderabad and Sun Risers Eastern Cape in Indian Premier League and SA 20, respectively.
Network18 Media Q3 Results: Net loss at Rs 107.87 crore; revenue drops 4%
The company had posted a profit of Rs 8.82 crore during the October-December period a year ago, according to a regulatory filing by Network18 Media & Investments Ltd.
TV18 Broadcast Q3 Results: Company reports loss of Rs 55.8 cr, revenue drops 5.2% to Rs 1,676.2 cr
TV18 Broadcast had posted a net profit of Rs 37.81 crore in the October-December period of the preceding fiscal, the company said in a regulatory filing. TV18 Broadcast's total expenses were up 5.2% to Rs 1,907.28 crore in the December quarter.
'Buy on rumour, sell on news' in play? Network18, TV18 stocks plunge post merger news
TV18 Broadcast and e-Eighteen.com Ltd will be merged with Network18, the companies said through separate exchange filings. Following this, shares of both companies plunged in trade on Thursday.
TV18, E18 to merge with Network18
The company said that the merger scheme will consolidate its broadcasting and digital media businesses into Network18 and will result in all the businesses being housed in one listed company, Network18.
Network18 Group to consolidate TV, digital ops; merge TV18 Broadcast with Network18 Media
Under the proposed merger scheme, shareholders of TV18 Broadcast will get 100 shares of Network18 Media for every 172 shares held in the former. Shareholders of E18 will receive 19 shares of Network18 Media for every 1 share held in the former.
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