Category: Business News & Economy

Television broadcasters anticipate a challenging festive advertising season ahead. This comes as ratings remain withheld following a ministry directive. Advertising demand is already subdued due to economic pressures and digital shifts. Free commercial time consumption has fallen to a three-year low. This situation impacts the entire TV broadcasting ecosystem significantly.

During the first quarter of fiscal 2027, India’s pharmaceutical exports soared to $8.10 billion, showcasing remarkable strength in drug formulations and biologicals, which together made up roughly three-quarters of the total. Both bulk drugs and vaccines saw substantial double-digit growth. North America and Europe served as vital markets for Indian medicines, indicating a promising future…

Hotel chains plan substantial expansion, expecting many new openings soon. This growth will create thousands of new jobs across India. Radisson Hotel Group anticipates a 75% increase in hotel openings. ITC Hotels aims for over 2,000 new hires for its upcoming properties. IHCL’s guidance indicates about 6,000 direct employment opportunities.

The Securities Appellate Tribunal reserved its order on interim relief for Zee Entertainment and Punit Goenka. They are challenging a Securities and Exchange Board of India order which they deem punitive. Lawyers argued the order should not take effect until future resolutions are completed. These resolutions are for the company’s overall benefit and future operations….

Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short, episodic stories. Social media feeds are the primary source for discovering new microdrama content. This format shows strong brand recall and purchase intent for advertisers. Microdrama offers creators and brands opportunities for deeper…

Travis Kelce has opened up about his wedding to Taylor Swift, calling the celebration “the best night of my life” and “a crazy night” full of celebration. The Kansas City Chiefs star also reflected on tying the knot at Madison Square Garden and thanked everyone who attended, before shifting his focus back to football.

Trump announces Karoline Leavitt’s exit as White House press secretary

US Treasuries maintained gains as consumer prices rose moderately in July. The government’s ten-year note auction cleared at a high yield reflecting investor concerns. Inflation data weakened the case for a Federal Reserve rate hike next month.

US stock markets closed higher on Wednesday, driven by strong AI infrastructure company earnings. Mild inflation data reinforced expectations that the Federal Reserve will hold interest rates steady. CoreWeave and other AI firms reported upbeat quarterly results, boosting their stock prices. Data center operators and chipmakers also saw gains following positive company forecasts. Traders now…

CEREBRAS SYSTEMS-RESULTS/ (PIX):Cerebras raises annual targets on strong AI chip demand