ZEE Entertainment Enterprises Merger Deal
Sony Pictures Networks has expressed interest in discussing a potential extension of the merger deal completion date with Zee Entertainment Enterprises. This negotiation may impact the future of the merger and create new opportunities.
Acquisition of Clean Max Terra Shares by Ultratech
Ultratech has made an agreement to acquire 26% equity shares of Clean Max Terra through a share subscription and shareholders agreement. This acquisition will strengthen Ultratech’s position in the market and contribute to its growth.
Re-appointment of Sandeep Batra as Executive Director of ICICI Bank
The Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Batra as Executive Director of ICICI Bank, effective from December 23. This decision ensures continuity and stability within the bank’s leadership.
Government Contract with Mazagon Dock for Offshore Patrol Vessels
The Indian government has signed a contract worth Rs 1,615 crore with Mazagon Dock for the purchase of six next-generation offshore patrol vessels for the Indian Coast Guard. This contract will enhance maritime security and bolster defense capabilities.
Contract between Cochin Shipyard and Ministry of Defense
Cochin Shipyard has secured a contract valued at Rs 488.25 crore with the Ministry of Defense. The work on this contract has already commenced during the second quarter of FY24, contributing to Cochin Shipyard’s revenue and growth.
Revenue Growth for Flair Writing
In the second quarter, Flair Writing reported a 4.2% increase in revenue to Rs 257 crore, accompanied by a 3% rise in profit to Rs 33 crore. This growth demonstrates the company’s strong performance and market position.
Hot Take: Key Stocks to Watch Today
Keep an eye on ZEE Entertainment Enterprises, Ultratech, ICICI Bank, Mazagon Dock, Cochin Shipyard, and Flair Writing as they make significant moves in their respective industries. These stocks have the potential to impact the market and present trading opportunities.
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