DirecTV Strikes Deal to Acquire Dish Network (30-09-2024)
The deal, which is subject to regulatory approval, would create one of the largest pay-TV distributors in the U.S. The companies were blocked in an attempt to merge in 2002.
MGID inks pact with ENIL’s digital ad network (30-09-2024)
MGID has partnered with Mirchi to expand native advertising in India. By using Mirchi’s digital ad network, they plan to offer high-impact ad formats. This collaboration aims to provide personalised and engaging ad solutions for Indian brands. MGID’s technology will be combined with Mirchi’s local market expertise in over 60 cities.
U.S. and Allies Sound Alarm Over Their Adversaries’ Military Ties (30-09-2024)
The Biden administration is struggling to halt cooperation among Russia, China, North Korea and Iran. It feels urgency over the wars in Ukraine and the Middle East while also aiming to protect Taiwan.
Small finance banks’ reliance on high-cost deposits a concern: RBI (30-09-2024)
The Reserve Bank of India has voiced concerns about small finance banks’ over-reliance on high-cost term deposits and potential defaults due to inadequate credit underwriting. RBI also highlighted cyber threats, poor customer service, and high charges, stressing the need for robust underwriting to mitigate risks.
Markets log biggest fall in 2 months; Sensex ends 1,272 points lower (30-09-2024)
Fears of flow rotations from India to China, West Asia tensions trigger selloff
SpaceMantra pulls out resolution plan for Future Lifestyle (30-09-2024)
SpaceMantra withdraws its ₹490 crore bid for Future Lifestyle Fashions days before winning creditors’ vote, citing delays and value erosion. Creditors, including lead lender SBI, face hurdles in recovery as the consortium fails to comply with payment obligations, risking only the ₹2 crore deposit.
How CBS Will Fact Check the Walz-Vance VP Debate (30-09-2024)
CBS is experimenting with a novel way to offer real-time fact-checking of the vice-presidential debate on Tuesday. Just don’t expect the moderators to frequently jump in.
Sebi plans new asset class; Rs 10 lakh min investment (30-09-2024)
Capital markets regulator Sebi on Monday cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds and portfolio management services in terms of flexibility in asset construction. The minimum amount of Rs 10 lakh can be invested for the new asset class per investor across all investment strategies of the new product in a particular AMC.