ZEE, a leading media and entertainment company, has announced that its subsidiary will be investing Rs 8.76 crore in the PR firm Newsreach. This investment aims to enhance ZEE’s public relations capabilities and strengthen its presence in the media industry. Newsreach is expected to leverage this funding to expand its operations and provide innovative PR solutions to its clients.
The Indian steel industry has expressed concern over India becoming a net importer of steel in 2023-24, saying is it is a ‘warning signal’ for the country which strives to become Atmanirbhar. As per the steel ministry’s Joint Plant Committee, India has registered a 38 per cent surge in imports of finished steel to 8.319 million tonnes (MnT) over 6.022 MnT imported during the preceding 2022-23 fiscal.
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Shares of Zee Entertainment Enterprises Ltd. rose by 1.72 per cent in Wednesday’s trading session. The stock hit a high of Rs 157.2 and a low of Rs 151.85 during the session. The article provides a detailed analysis of the stock’s performance, including its 52-week high and low prices, return on equity, beta value, and technical indicators such as the 200-day and 50-day moving averages. It also mentions the stake held by promoters, mutual funds, and foreign institutional investors.
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Realty firm Prestige Estates Projects Ltd has secured Rs 2,001 crore in funding from Abu Dhabi Investment Authority (ADIA) and Kotak AIF. This investment will be utilized to develop housing projects across four major cities, aligning with the company’s expansion strategy.
Chief Economic Advisor Anantha Nageswaran stated that various initiatives from the government and growing investment will lead to the creation of more job opportunities in the coming decade. He highlighted the decline in capital formation and credit growth in the last decade but expressed hope for a turnaround. He mentioned the decline in employment in agriculture and the addition of jobs in manufacturing, services, and construction sectors. Nageswaran also discussed government initiatives for job creation and the need for improvement in regulatory and tax policies.
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