As we ring in the new year, it's the perfect time to wish for abundance, happiness, and success for our loved ones. Whether it's through text, WhatsApp, or a phone call, sending personalized messages and quotes is a beautiful way to show your care and love. From motivational quotes to funny New Year wishes, make sure to spread positivity and joy on this exciting new journey. Subscribe to Zee Business on YouTube for more business and finance news.
Shares of financial technology company One Mobikwik Systems were in high demand on the first day of its initial public offering, with bids for over double the number of shares available. This success bodes well for the company's future growth and potential to disrupt the financial industry. Stay updated on all the latest business news, stock market updates, and personal finance tips from Zee Business.
The Delhi Metro's Blue Line services were delayed on Thursday due to a cable theft issue. The services will be affected throughout the day, and passengers are requested to plan their journeys accordingly and allow for additional travel time. Delhi Metro Rail Corporation has assured that the issue will be resolved by the end of operational hours in the night. Stay updated on the latest business and stock market news, as well as personal finance tips and breaking news, on Zee Business.
In a move to reduce the tax burden on petroleum companies, the government has removed the windfall tax on aviation turbine fuel, crude products, diesel, and petrol. The tax, which was introduced in 2022, aimed to generate revenue from the sudden price increase of crude oil. With this change, the government hopes to attract more investments in the petroleum sector and improve the country's overall economy. Stay updated with the latest business news and stock market updates on Zee Business and optimize your tax through their income tax calculator.
Bajaj Finance and RBL Bank have ended their 8-year partnership for co-branded credit cards, causing a dip in shares for both entities. The apex lender, Reserve Bank of India, has raised concerns over co-branded cards, leading to mandatory approval for NBFCs every 2 years. The affected entities are now focusing on new partnerships and strategies for their credit card businesses, causing a bearish outlook for RBL Bank and a positive outlook for Bajaj Finance according to analysts. Stay updated with the latest business news and stock market updates on Zee Business, and utilize resources like the Income Tax Calculator to save money through our personal finance coverage.
In a surprising turn of events, shareholders of Zee Entertainment Enterprises Ltd (ZEEL) voted against the resolution to reappoint Punit Goenka as director in the company's 42nd annual general meeting. This comes after Goenka resigned as the managing director, but was appointed CEO to focus entirely on operational responsibilities. In response to the news, ZEEL's shares jumped nearly 8% in early trade, adding to a 15% increase since Goenka's resignation. The company's board has also designated its CFO, Mukund Galgali, as the deputy chief executive officer in addition to his current role.
In a dramatic turn of events, Punit Goenka, the managing director of Zee Entertainment Enterprises Limited (ZEEL), has withdrawn his reappointment for the position. This decision comes after ZEEL raised their targets for Goenka and extended his term for another five years. However, Goenka is now facing backlash and scrutiny from the company and its shareholders, especially after losing an arbitration claim against RailTel. With the company's profitability in question and major leadership changes in the works, what does the future hold for ZEEL?
The IPL 2025 Auction was headlined by intense bidding wars for top players as MI secured the services of England's Will Jacks for Rs 5.25 crore while RCB acquired Tim David for Rs 3 crore. Other notable buys include Baroda's Deepak Hooda to CSK and Bengal's Shahbaz Ahmed to LSG. The absence of bids for Moeen Ali, however, has raised eyebrows. In case you missed it, catch all the latest business news and updates on Zee Business.
Billionaire Elon Musk has confirmed that X, formerly known as Twitter, has become the number-one news app on Apple's AppStore in India. Musk acquired X for a whopping $44 billion in October 2022. This news comes after user 'DogeDesigner' shared a post about X's success on the AppStore. Stay updated on the latest Business news, stock market updates, and financial tips through Zee Business's Twitter, Facebook, and YouTube channels.
Mahindra and Mahindra, one of India's leading auto majors, reported a 35% increase in consolidated profit for the September quarter of 2024. The company saw strong growth across all its businesses, with the highest-ever utility vehicle volumes and market share in the SUV segment. Despite this positive performance, the company's stock traded lower on the BSE after the earnings report. According to Managing Director & CEO, Dr. Anish Shah, the company's growth gems are progressing well on their 5x challenge. Stay updated on the latest business news, stock market updates, and personal finance tips through Zee Business.