Zee Entertainment Enterprises has laid off 50 per cent of its staff at its Technology & Innovation Centre (TIC), Bengaluru in order to optimise its resources, the company said in a statement. The company did not disclose the number of employees at the Centre who were laid off.

The plan will optimise the resources and arrive at a cost-effective structure to drive continued growth for the company, it said.

Shares of IDFC First Bank slipped 3 per cent to Rs 75.10 on the BSE in Thursday's intra-day trade after over 2 per cent equity of the private sector lender changed hands via block deals.

At 09:15 am; as many as 165 million equity shares representing 2.33 per cent of the total equity of IDFC First Bank changed hands via block deals on the BSE, the exchange data shows. However, the names of the buyers and sellers were not ascertained immediately.

India strongly objected on Wednesday to US remarks about its "internal affairs" after the arrest of Delhi's chief minister, a government rival, and the freezing of opposition Congress party bank accounts ahead of an election. Arvind Kejriwal, whose Aam Aadmi Party (AAP) governs the national capital territory and the northern state of Punjab, was arrested last week by the ED on corruption charges, weeks before Indians head to the polls on April 19.

Social media platform ShareChat has raised $48.8 million via convertible debentures from its existing investors that include Temasek and Lightspeed.

Startup news website Inc42 reported on Wednesday, citing the startup’s regulatory filings, that the funding round will help ShareChat “navigate the path to profitability in the next 12 to 15 months”.

On Wednesday, Sunita Kejriwal, wife of Delhi Chief Minister Arvind Kejriwal, announced that her husband would unveil significant revelations regarding an alleged excise policy scam. She emphasized that despite multiple raids conducted by the Enforcement Directorate (ED), no incriminating evidence was found.

"Despite two years of probe, the ED has not been able to find even one paisa in evidence. They raided the chief minister's residence but got just Rs 73,000," she said.

Dr. Reddy’s Laboratories Limited (DRL) has entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute their vaccine brands across private markets in the country.

The pact is aimed at expanding the availability of Sanofi’s vaccine brands, both paediatric and adult, within private markets in India.

Shares of IIFL Finance were locked in 10 per cent upper circuit at Rs 353.50 on the BSE on Wednesday. This came after heavy volume trades, with only buyers seen at the counter. The stock of non-banking finance company (NBFC) has bounced back 13 per cent from its 52-week low of Rs 313.25 touched in intra-day trade today.

The average trading volumes on the counter more than doubled with a combined 5.6 million equity shares representing 1.5 per cent of total equity of IIFL Finance changing hands on the NSE and BSE. There were also pending buy orders for 2,40,000 shares on both the exchanges, data shows.

The collapse of a major Baltimore bridge Tuesday is likely to shut down the port’s coal exports for as many as six weeks and block the transport of up to 2.5 million tonnes of coal, said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC.

The US exported about 74 million tonnes of coal last year, with Baltimore the second-largest terminal for the commodity. Plugging up a major coal hub threatens to disrupt global energy supply chains that have finally begun to work out the kinks left over from pandemic slowdowns.

Billionaire Nikhil Kamath has partnered with Gauri Khan, John Abraham to invest over Rs 83 crore in specialty coffee and cocoa company, Subko Coffee Roasters. The investment from popular entrepreneur and Bollywood celebs has pushed the company's valuation to around Rs 283 crore post-money. The funding round was backed by the Blume Founders Fund, The Gauri Khan Family Trust, Priya and John Abraham, Sangita Jindal, Srinivas and Pallavi Dempo, and The Mehta International Mauritius Limited Group.

The Chief of Ramakrishna Math and Ramakrishna Mission, Swami Smaranananda Maharaj, died at 95 due to age-related ailments, according to Ramakrishna Math and Ramakrishna Mission.

Prime Minister Narendra Modi expressed condolences on the death of the President of Ramakrishna Math and Ramakrishna Mission.

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