📌Reliance and Disney announced the completion of their JV to form a unified entertainment brand in India. 📌Crompton Greaves reported a 28.6% rise in profit for the September 2024 quarter. 📌IGL announced a 20% reduction in gas allocation by GAIL, effective November 16, impacting profitability. 📌PTC Industries' profit surged 112% in Q2 FY2025 to ₹17.31 crore from ₹8.14 crore last year.
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The board of directors of Zee Entertainment Enterprises Ltd has approved higher targets for managing director and chief executive officer Punit Goenka ahead of his reappointment, which is due for a vote at the company’s AGM. The board also approved the appointment of Saurav Adhikari as an additional non-executive director with effect from 15 November, Zee said in the filing.
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The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal Reserve Chair Jerome Powell weighed on markets last week.
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