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Sameer Nair, former Group Chief Executive of Balaji Telefilms, has been roped in by Aditya Birla Group chairman Kumar Mangalam Birla to breathe fresh life into Applause Entertainment as it seeks compete with digital content providers Netflix, Amazon and Hotstar, reports The Economic Times.
Mumbai: Aditya Birla Group chairman Kumar Mangalam Birla has hired Sameer Nair—who stepped down as CEO of Balaji Telefilms Ltd last month—to revive Applause Entertainment Pvt. Ltd, his privately held production company that has been dormant for almost a decade after producing highly acclaimed Bollywood movies such as Black and Dev.
Hunting stocks in a market which is consistently hitting record highs almost on a daily basis becomes a tedious task. But, staying with winners has always turned out to be the right strategy for investors who are looking to find value in an overbought market.
We are only a little over the halfway mark of 2017. But already a number of celebs from the showbiz world have left us for heavenly abode. Whether these celebrity deaths were caused by freak accidents, natural causes or suicide, it’s tragic to have lost these stars. Families, friends, and fans are mourning for these actors and actresses who have passed away this year, some of whom have made a significant impact of cinema and left an indelible mark.
The rally in HDFC Bank post earnings, Reliance Industries, ITC and technology stocks helped the market end at fresh record closing high on Monday despite global weakness.
Jio on the move: A woman waiting at a bus stop with an advertisement of Reliance Industries’ Jio telecoms unit in Mumbai recently. — Reuters
Reliance Industries' chairman Mukesh Ambani on Friday said rolling out fixed line services will be the next focus area for the company's telecom services arm, Reliance Jio, after the wireless expansion. "In next level, we're very focused in terms of giving fixed line connectivity to both home and enterprise," Ambani said, answering shareholder queries at the company's 40th annual general meeting here.
Reliance Industries’ AGM had surprises besides the 1:1 bonus share issue, which incidentally was reduced to a sideshow. The bigger talking points were the launch of JioPhone (with features of a 4G phone) and the aggressive tariff plans. Rival telecom operators who were bracing for more hurt can perhaps take solace in the fact they will not be the only ones suffering. Reliance’s ambitious plans threaten the earnings of DTH and broadband players as well as cable operators.
Shares of Balaji Telefilms soared nearly 9 per cent today after Reliance Industries Ltd (RIL) board has approved a plan to acquire nearly 25 per cent stake in the company for about Rs 413 crore.
Reliance Industries Limited (RIL) announced on Thursday that its board of directors have approved the proposal to acquire 2.52 crore equity shares in Balaji Telefilms Limited (BTL).
10:00 am Buzzing: Share price of Gravita India jumped 5 percent intraday as it has started recycling and commercial production of PET Flakes at its Jamaica plant.
Shares of Balaji Telefilms soared over 8 percent intraday on Friday as investors cheered a stake purchase by Reliance Industries on Thursday.
Reliance Industries shares hit fresh nine-year high of Rs 1,564, up as much as 2.3 percent in early trade Friday after better-than-expected earnings in June quarter and stake buy in Balaji Telefilms. The upside was also ahead of Annual General Meeting later today.
New Delhi : Rashtriya Janata Dal (RJD) leader and Bihar Deputy Chief Minister Tejashwi Yadav has asserted that the state’s ruling Grand Alliance is united, and accused the Bharatiya Janata Party of stirring “conspiracy” to create confusion.
New Delhi : Mukesh Ambani’s Reliance Industries Ltd (RIL) on Thursday said its board has approved to pick around 25 per cent stake in Balaji Telefilms by acquiring 2.52 crore shares for around Rs 413 cr.