Reliance, Disney may announce Star-Viacom18 merger this week
Reliance Industries and Walt Disney have signed a binding agreement to merge Viacom18 and Star India, creating India's largest media empire. The deal is expected to be announced this week, spanning TV broadcasting, streaming, movies, and sports. Reliance will own 61% of the combined company, with Uday Shankar as the leader. Key Points
Economic TimesThe beta version of Disney+ and Hulu's combined app will be released in December
People have to no longer wait as the merger of Hulu and Disney+ is coming very soon. CEO of Disney said that the merger is not very big because not every show will be combined in a single platform but this merger will definitely help users to simply their content. Key Points
Economic TimesSurplus CPSE dividend unlikely to offset disinvestment revenue shortfall in FY24
The Indian government may face a disinvestment shortfall in FY24 due to potential delays in the strategic sale of IDBI Bank, possibly spilling into FY25. While surplus dividends from Central Public Sector Enterprises (CPSEs) might not fully compensate for the anticipated shortfall, the government is considering revising its combined disinvestment and dividend target of Rs 94,000 crore. Key Points
Economic TimesPrivate insurers gain market share in H1
Meanwhile, private insurers grew the combined market share to 53.58% up from 50.81%, with a growth rate of 21.13%. Key Points
Economic TimesIndia's eight core sectors' output grows by 8.1 pc in September 2023
New Delhi [India], October 31 (ANI): The combined Index of Eight Core Industries (ICI) increased by 8.1 per cent (provisional) in September 2023 as compared to the Index of September 2022, said an official statement from the Ministry of Commerce and Industry on Tuesday. The production of Coal, Steel, Electricity, Natural Gas, Refinery Products, Cement, […] Key Points
ThePrint
PM Modi arrives in Bhopal to attend combined Commanders' Conference and flag off Vande Bharat train
Prime Minister Narendra Modi arrived in Bhopal on April 1 morning to take part in the ongoing combined Commanders’ Conference and to flag off a Vande Bharat Express train that will run between the State capital and Delhi. Madhya Pradesh Governor Mangubhai Patel and Chief Minister Shivraj Singh Chouhan welcomed PM Modi at the city airport on his arrival around 9.30 a.m. Key Points
The HinduJaya Bachchan, Amitabh Bachchan's combined wealth is ₹1578 crore: Report
Jaya Bachchan reportedly owns jewellery worth ₹40.97 crore, while Amitabh Bachchan has jewellery worth ₹54.77 crore and a fleet of 16 vehicles. | Bollywood Key Points
Hindustan TimesReliance and Disney finally complete transaction to form JV of top entertainment brands
The Reliance-Disney merger has established the leading media and entertainment conglomerate in India. The combined entity will feature more than 100 TV channels and two streaming platforms. Key Points
Business TodayViacom18 and Star India merger talks in advanced stage
Reliance could hold more than 51% of the shareholding in the proposed Star-Viacom18 merged entity, with Disney owning a 40% stake, one of the people said. Uday Shankar and James Murdoch-promoted Bodhi Tree Systems' stake in the merged entity could be 7-9%.Another person said Reliance is anticipated to inject additional capital in the merged entity, establishing it as a direct subsidiary. Key Points
Economic TimesSamsung Biologics unveils $920 mln manufacturing deals for Pfizer
South Korea's Samsung Biologics announced on Tuesday two deals with Pfizer worth around a combined 1.2 trillion won ($921.38 million) to manufacture products for the U.S. pharmaceutical giant. Key Points
Reuters