Disney and Reliance have offered some concessions to secure an India antitrust approval for their $8.5 billion media merger, but are unwilling to sell any cricket broadcast rights, the biggest prize in the deal, two sources familiar with matter said.

Reuters reported earlier this week that the Competition Commission of India (CCI) sent a warning notice to the companies expressing concern that their merged entity will have a tight grip on most cricket rights for TV and streaming in India, and can hurt advertisers.

Food delivery major Zomato has discontinued its intercity food delivery service “Legends” as it could not find product market fit, chief executive officer Deepinder Goyal said on Thursday.

“Update on Zomato Legends — after two years of trying, not finding product market fit, we have decided to shut down the service with immediate effect,” Goyal said in a post on social media platform X.

Karnataka Minister HK Patil said that the cabinet has decided to build a sky deck at an estimated cost of Rs. 500 crores.

HK Patil said, "Karnataka cabinet decided to build a sky deck at the estimated cost of Rs. 500 crores. Building an underground tunnel from Hebbal to Silk Board junction is expected to cost Rs. 12,690.
Karnataka cabinet has decided to open 52 new Indira canteens in Bengaluru. 592 Anganwadis to be opened at the cost of Rs. 50 crores."

Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore.

LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said.

Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, and said Kelly Steckelberg would step down as its CFO.

Shares of the video-conferencing provider were trading 3 per cent higher after the bell.

A sessions court on Wednesday directed Mumbai Police to provide adequate security to an approver in the 1993 serial bomb blast case and his family members.

Sessions court judge V D Kedar stated the man was a star prosecution witness and prime approver and the trial in the case of the belated arrest of seven persons is slated to commence soon.

The death toll rose to 17 on Thursday after a reactor blast in a pharma company in the Special Economic Zone (SEZ) at Atchutapuram in Andhra Pradesh's Anakapalli.

Anakapalli District Collector Vijaya Krishnan confirmed the deaths on Thursday.

The incident happened after a 500-kilo-litre capacitor reactor exploded at a pharma company with around 200 workers still working at the time.

Several brokerages have discontinued their referral programmes after a circular issued by top bourse National Stock Exchange (NSE) prohibited them from offering incentives to referrers unless they are registered authorised persons (APs).

“With a view to safeguard the interest of investors, it is hereby clarified that any person referring a client to the trading member (TM) shall be appointed as an AP of the TM after obtaining specific prior approval from the stock exchange for each such person,” NSE said in a circular on August 14.

Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT)-Mumbai on Wednesday approved the delisting of ICICI Securities Ltd from the stock exchanges.

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme.

Zomato to acquire the movie and events ticketing businesses of Paytm's for Rs 2,048 crore, digital payments firm said in an exchange filing on Wednesday.

The company said that it will now focus on strengthening the core payments and financial services distribution.

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