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SEBI has issued a warning on the buildup of froth in the small and mid-cap space, urging investors and fund houses to exercise caution amidst growing concerns of overvaluation.
Shares of Tata group saw a decline with some hitting the lower circuit on Thursday, March 11, 2024.
Cipla is aiming to transition from a pure-play pharma company to an integrated health player, per analysts.
The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse Rs 11,500 crore, will have a viewership share of more than 40%, enabling it to secure premium advertising rates and consumer average revenue per user (ARPU), they said. The failure of Zee Entertainment Enterprises and Sony Pictures Networks India to merge is expected to benefit Star-Viacom18, which would have had to contend with a duopoly if the Sony-Zee merger had also gone through.
The deal to merge Reliance Industries Ltd (RIL) subsidiary Viacom18 and The Walt Disney Companys local unit Star India will significantly alter the media and entertainment sector by creating the biggest media entity in the country, said industry executives and experts.