BUSINESS
Report Highlights Challenges as Family Companies Grapple with Heir Loss
A substantial portion of companies in indices such as Standard & Poor’s 500 and the largest companies in France and Germany have a strong family element
Realme Hits 100 Million Smartphone Sales Milestone in India Over 5 Years, Shifts Focus to Product and Branding in 2024
Realme has successfully tapped into diverse market segments with its three series of smartphones. The C series is tailored for consumers seeking quality, design, and technology at an affordable price point
Ram Mandir Inauguration: A Testament to India's Resilience, Says Chairman of Hero MotoCorp
According to Munjal, preserving heritage is crucial for any nation aspiring to achieve new heights of development. He regarded the inauguration of the Ram Mandir as a once-in-a-lifetime event and a historic moment that signifies not only a cultural milestone but also reflects the unity and resilience of the nation.
EdTech Giant Byju’s Seeks New Funding Round, Eyes Nearly $2 Billion Valuation: Report
Byju Raveendran, Co-founder and CEO of the edtech major, is expected to participate in the new funding round. Byju’s has not yet commented on these reports.
Income Tax Filers Witness Remarkable Surge, Surpassing 7.78 Crore in a Decade
Concurrently, the net direct tax collections experienced a noteworthy growth of 160.52%, escalating from Rs 6,38,596 crore in FY14 to Rs 16,63,686 crore in 2022-23, as per the CBDT statistics.
Remarkable Surge: India's Direct Tax Collections Soar by 160% in a 9-Year Span
Additionally, the direct tax to GDP ratio has increased from 5.62% in 2013-14 to 6.11% in 2022-23. Meanwhile, the cost of tax collection has decreased from 0.57% of the total collection in 2013-14 to 0.51% of the total collection in 2022-23.
Zee on the Verge of Anticipating Multiple Legal Proceedings Ahead
The report estimates potential annual losses of Rs 15.2 billion in FY25E and beyond for Zee due to hefty content costs, lower sports ad revenue, and the availability of cricket content on OTT platforms for free
Zee Shares Experience Sharp 30% Decline in Single Trading Session
The decline comes after Sony terminated its merger cooperation agreement (MCA) with Zee, ending more than two years of deliberation.
Broader Market Downturn Led by Real Estate and PSU Stocks
The PSU stocks index faced a decline of more than 3%, primarily influenced by a downturn in Railway stocks.
Zee Entertainment Stock Plummets 25% as Exchanges Adjust Lower Price Band
The stock touched its lower price band on both BSE and NSE as the bourses revised the lower circuit limit for the company.
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