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Following the deal, GAVL will own a 100% share in GTFL, further integrating its operations, the firm stated in a stock exchange filing.

The merger between Star and Viacom18 has already been referred to the National Company Law Tribunal (NCLT) for final decision.

EBITDA increased by 14.8% to ₹103.4 Crore in the first quarter of this fiscal year, up from ₹90.1 Crore the previous year.

The budget raised the long term capital gains tax on equities from 10% to 12.5%.

While hinting at a 25 bps rate cut in September, Jerome Powell ruled out two rate cuts in year 2024

Domestic mutual funds were allotted ₹1,117 Crore worth of shares.

Refinery products contracted in June, putting the maximum pressure on core sector growth

In the first quarter of this fiscal, EBITDA climbed by 16.5% to ₹376.1 Crore, up from ₹322.8 Crore in the previous year.

This move intends to allow the respective businesses to follow their unique objectives with greater agility, hence increasing shareholder value.

After a fiscal surplus in May, India was back to a fiscal deficit in June; but it is much lower than expected.