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Page 89 - Business Finance

ZEE5 partners with Israeli tech company Applicaster

OTT digital platform ZEE5 has entered into a partnership with Applicaster, one of Israel's leading global cloud platforms for media app development and management in the media space. Applicaster will work with ZEE5 to enhance the latter's user interface and experience, leveraging its state-of-the-art tech, industry knowledge on the evolving trends across the globe. It will also enhance ZEE5's functionality, offering a seamless content viewing experience to the viewers. "India is the world's fourth largest app market and one of the most crowded one for OTT players. ZEE5 has been a frontrunner in bringing the best-in-class experience for subscribers seeking entertainment content in multiple Indian languages. "And today we have become the first to harness the capabilities of Israeli tech start-ups and their expertise in the mobile entertainment space. With the warming up of relations between the two advanced countries, we are confident of building a winning proposition for all involved,"

Updated On : 10 Jun 2019 | 3:20 PM IST

Imran Khan asks Pakistanis to declare their undisclosed assets by Jun 30

Pakistan Prime Minister Imran Khan on Monday warned of legal action against those who do not declare their undisclosed assets by June 30, as the cash-strapped government ramps up efforts to fix the country's economy. Addressing the nation ahead of the federal budget for fiscal year 2019-20 to be announced Tuesday, Khan said. "We will need to change ourselves if we want to become a great country." "I am appealing to all of you to take part in the Asset Declaration Scheme that we have brought, because if we don't pay taxes, we will not be able to raise our country up," Khan said. The premier said that people have until June 30 to declare their benami assets, benami bank accounts and money that was kept abroad. Benami is a term used for a transaction, contract, or property that is made or held under a name that is fictitious or is that of a third party who holds as ostensible owner for the principal or beneficial owner. "After June 30, you will not get this opportunity," he said. "Our ...

Updated On : 10 Jun 2019 | 3:20 PM IST

Reliance Infrastructure Ltd leads losers in 'A' group

Suzlon Energy Ltd, Jammu and Kashmir Bank Ltd, Jain Irrigation Systems Ltd and PC Jeweller Ltd are among the other losers in the BSE's 'A' group today, 10 June 2019.

Updated On : 10 Jun 2019 | 3:16 PM IST

Incipient Signs Of Improvement Visible In Health Of Banks Says RBI Governor

Domestic credit growth remained subdued in recent years though there are incipient signs of improvement in the health of banks and the credit growth is picking up, noted Shaktikanta Das, Governor, Reserve Bank of India recently delivered a speech titled Indian Banking Sector: Current Status and the Way Forward at the NIBM.

Updated On : 10 Jun 2019 | 3:16 PM IST

Goyal emphasises on reciprocal market access for Indian goods

Minister of Commerce and Industry Piyush Goyal has called for de-escalating trade tensions and urged several countries to grant reciprocal market access for Indian products.He held a series of bilateral talks with representatives of Japan, the United States, Canada, Mexico, Chile, the European Union, Britain, France, Spain, China, Singapore, South Korea, Saudi Arabia, South Africa and Australia.The meetings were held on the sidelines of two-day G20 Ministerial on Trade and Digital Economy here on June 8 and 9, according to an official statement released on Monday.Goyal said the slowdown in global trade and investment is of serious concern as it adversely affects economic growth, development and job creation. He called for de-escalating trade tensions and reviving confidence in the rules-based multilateral trading system.While India is committed to working towards building free trade that is inclusive and development centric to bring prosperity to people around the world, focus on the .

Updated On : 10 Jun 2019 | 3:15 PM IST

Sashakt panel hails RBI circular making ICA mandatory

The Chairman of the Sashakt Committee and Punjab National Bank non-executive Chairman Sunil Mehta has said the new RBI diretcion making the Inter-Creditor Agreement (ICA) framework mandatory is a move in the right direction for resolution of non-performing assets (NPAs or bad loans).

Updated On : 10 Jun 2019 | 3:10 PM IST

Investors Clinic FY'19 revenue doubles to Rs 225 cr

Property brokerage firm Investors Clinic Monday reported over two-fold jump in revenue to Rs 225 crore during last financial year as it facilitated sales of housing and commercial units worth Rs 6,000 crore. The Noida-based firm sold 11,621 units worth Rs 6,000 crore during 2018-19 as against 4,500 units worth Rs 2,180 crore in the previous year. "This has led to revenue growth of 119 per cent in the last fiscal standing at Rs 225 crore," the company said in a statement. Investors Clinic's revenue stood at Rs 102.97 crore in 2017-18. Established in 2006, Investors Clinic currently has 22 offices across India as well as in Dubai and Singapore. The company is planning to open another 25 offices at new locations in India and overseas this fiscal year. It plans to enter the UAE, Australia and the US markets to tap NRIs' demand. Investors Clinic plans to invest funds in upgrading software technology (AI & Machine learning) to increase sales conversion ratio. "In terms of growth, the ...

Updated On : 10 Jun 2019 | 3:10 PM IST

ABFRL acquires Jaypore, forays into branded ethnic market

Aditya Birla Fashion and Retail Ltd (ABFRL) said on Monday it has acquired Jaypore, an Indian online and offline retailer that offers curated collections of handmade, handwoven and handcrafted apparel, jewellery, home textiles and accents based on craft forms from all over the country."Ethnic wear is the largest segment in the Indian fashion apparel market. While ABFRL has built a diversified portfolio of brands across different segments, ethnic wear space is currently under-represented in our bouquet of offerings to consumers," said company's Managing Director Ashish Dikshit."The proposed acquisition is, therefore, a great strategic addition to our portfolio and gives us a strong footing in a segment that is growing in double digits. It provides a great platform for us to build a strong presence in the ethnic segment and in accessories and home segment," he said.The board of ABFRL directors has approved the signing of the share purchase agreement to acquire Jaypore. The business ...

Updated On : 10 Jun 2019 | 3:00 PM IST

Refined soya oil prices dip by 0.25 pc

Refined soya oil prices traded 0.25 per cent lower at Rs 729 per 10 kg in futures trading Monday as speculators trimmed positions amid sufficient stocks position at the physical markets. On the National Commodity and Derivatives Exchange, refined soya oil contracts for July delivery declined by Rs 1.8, or 0.25 per cent, to Rs 729 per 10 kg with an open interest of 46,080 lots. Refined soya oil contracts for August delivery fell by Rs 3.05, or 0.42 per cent, to Rs 716.7 per 10 kg in a business turnover of 9,950 lots. Market analysts said participants cut down their positions due to decline in demand in the physical market on increased supplies from producing belts, which led to the fall in prices.

Updated On : 10 Jun 2019 | 2:55 PM IST

Hong Kong Stocks rise as Trump drop Mexico tariffs threat

Local market received a boost after the United States and Mexico struck a deal late Friday to avert a tariff war, with Mexico agreeing to meet U.S. demands to stem the flow of illegal Central American migrants. Trump had threatened to impose 5% import tariffs on all Mexican goods starting on Monday if Mexico did not commit to do more to tighten its borders.