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Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra

Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra

The promoter family of Zee Entertainment Enterprises Ltd is looking to raise the stake in the company by 5 per cent soon and eventually take it up to 26 per cent, Subhash Chandra, chairman emeritus of the company, said in an interview on Monday.

"I've personally encouraged both my immediate and extended family to increase their holdings in Zee," Chandra said in an interview with The Economic Times (ET), hinting that they may not raise funds from outside to fund the buying.

Govt plans biometrics-based immigration for international passengers

Govt plans biometrics-based immigration for international passengers

In a bid to position India's airports as major global transit hubs, the government is set to implement a biometrics-based system for international passengers to expedite immigration checks, according to a report by The Economic Times (ET).

This policy, requiring Cabinet approval, aims to streamline laws, ease security and immigration bottlenecks, allocate international flying rights, and develop the necessary infrastructure to position airports like the one in the National Capital as competitive transit hubs.

HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%

HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%

Shares of HDFC Bank rose nearly 2 per cent to Rs 1,462.85 on the BSE in Monday’s intra-day trade after the Reserve Bank of India (RBI) gave a nod to Life Insurance Corp (LIC) to increase its stake in the lender to up to 9.99 per cent from the existing 5.19 per cent.

HDFC Bank said that RBI, vide its letter dated January 25, 2024 addressed to LIC, has accorded its approval for acquiring aggregate holding up to 9.99 per cent of the paid-up share capital or voting rights of the bank.

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

Bernard Arnault, chairman and chief executive officer (CEO) of luxury brand LVMH Moet Hennessy Louis Vuitton SE, has surpassed Tesla CEO Elon Musk to become the world's richest person, according to Forbes real-time billionaires list.

Currently, Arnault has a net worth of $207.6 billion, higher than Musk's $204.7 billion. According to the list, Jeff Bezos, Amazon's founder and chairman, is the world's third richest person, with a net worth of $181.3 billion.

Piramal Enterprises sells 20% in Shriram Investment for Rs 1,440 crore

Piramal Enterprises sells 20% in Shriram Investment for Rs 1,440 crore

Piramal Enterprises has sold its entire investment of 20 per cent in Shriram Investment Holdings Private (formerly known as Shriram Investment Holdings) to Shriram Ownership Trust (SOT) for a consideration of Rs 1,440 crore.

“This transaction is aligned with our focus on monetising non-core assets. The proceeds will further strengthen our balance sheet,” the company said in a statement.

No question of going anywhere else now, leaving NDA-fold: Nitish Kumar

No question of going anywhere else now, leaving NDA-fold: Nitish Kumar

JD(U) president Nitish Kumar, who took oath as Chief Minister of Bihar for a record ninth time on Sunday after a dramatic volte-face, asserted that there is now no question of him going anywhere else, leaving the NDA-fold.

Kumar was sworn in by Bihar Governor Rajendra Arlekar at Raj Bhavan here, hours after he resigned from the post, saying "things were not working well" for him in the Grand Alliance and the opposition bloc INDIA.

BJP tried to offer money, party ticket to seven AAP MLAs: Kejriwal

BJP tried to offer money, party ticket to seven AAP MLAs: Kejriwal

Aam Aadmi Party (AAP) chief Arvind Kejriwal on January 27 alleged that the Bhartiya Janata Party (BJP) is trying to poach AAP MLAs in Delhi by offering them ₹25 crore and a BJP ticket.

“Recently they have contacted seven of our MLAs of Delhi,” Mr. Kejriwal alleged in a post on X (formerly, Twitter) He added that those who were contacted were told that Mr. Kejriwal will be arrested after a few days and that talks have already been held with 21 MLAs.

France will support any Olympic bid by India: Prez Emmanuel Macron

France will support any Olympic bid by India: Prez Emmanuel Macron

French President Emmanuel Macron on Friday assured India that the hosts of the 2024 Olympics will back them to organize the multi-sport event in the country in the near future.

At the outset of his address during a banquet hosted by President Droupadi Murmu, Macron expressed that he is looking forward to building stronger cooperation on sports with India.

Foxconn India journey gets a leg-up as CEO Young Liu gets Padma Bhushan

Foxconn India journey gets a leg-up as CEO Young Liu gets Padma Bhushan

Apple and iPhone have been in the news as part of the India manufacturing story. On Friday, Foxconn, a leading contract manufacturer for Apple, got recognition in the form of a civilian award conferred on the Taiwanese company’s chief executive officer Young Liu. Among the 17 winners of Padma Bhushan, Liu was one. A total of 132 won the 2024 Padma Awards (Padma Vibushan, Padma Bhushan and Padma Shri) for excellence in diverse fields.

Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 500 to Rs 76,500

Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 500 to Rs 76,500

The price of 24-carat gold rose Rs 100 in early trade on Saturday, with ten grams of the precious metal selling at Rs 63,050, according to the GoodReturns website. The price of silver, on the other hand, jumped Rs 500, with one kilogram of the precious metal selling at Rs 76,500.

The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800.

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