Star India, owned by Walt Disney, has sought $940 million in damages from Zee Entertainment for not honoring a $1.5 billion ICC TV rights deal. Zee refuted the claims and stated that arbitration is still in its initial stages. The…
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“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore,” a senior banker…
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App-based ride-hailing firms have put innovation and fresh investments on the backburner due to uncertainty around the Goods and Services Tax (GST) rates applicable under different business models on taxi and auto-rickshaw rides. Aggregators have cited conflicting rulings by the…
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Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1…
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Tata Sons chairman N Chandrasekaran anticipates Tata Electronics, Air India, and Tata Digital to become top businesses within three years. The group’s revenue grew by 13% in FY24, with profits surging over 50%. Investments are projected to exceed $120 billion…
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The Federal Reserve’s recent half-point interest rate cut has influenced global central banks, including those in Europe and emerging markets. This move aims to ease pressure on exchange rates and provide space for recalibrating their own rate settings. The European…
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