Wednesday, September 02
Mumbai: Zee Entertainment has asked several employees to leave as part of an ongoing restructuring exercise that began last year, according to people aware of the matter.Sources said the latest round of downsizing is a continuation of the rationalisation programme initiated in April 2024 to streamline operations and align the organisation with updated business priorities following the collapse of the merger deal with Sony Pictures Networks India. Around 200 people are understood to be affected, with a significant portion comprising consultants rather than full-time staff. "As part of its omni-channel approach, the company has been re-modelling and integrating its business divisions to create a more agile and collaborative organisation structure. The exercise is a part of the consistent and
Modi–Putin summit December 4: When Russian President Vladimir Putin lands in Delhi on December 4, it will mark his first trip to India since the Ukraine war began in early 2022. The images may show warm greetings and friendly smiles, but behind them sits a carefully calculated strategic agenda. This summit goes far beyond routine diplomacy, it centres on defence, energy, and the evolving global financial order.Read more: Su-57 jets, S-500 shield in focus, India likely to pitch mega arms deal with Russia during Putin visitTwo major proposals are expected to dominate the discussions:India’s interest in acquiring five more S-400 air defence squadronsA plan to link RuPay with Russia’s Mir payment network and simplify rupee–rouble trade settlements, ensuring smooth bilateral trade despi
India's manufacturing sector lost some momentum in November with growth decelerating to a nine-month low as stiff U.S. tariffs took a heavy toll on demand, a survey showed on Monday. The downbeat outcome puts a dampener on Asia's third-largest economy which grew at a faster-than-expected pace of 8.2% last quarter, according to government data released on Friday. Manufacturing posted robust growth in the July-September quarter, though its likely to have slowed down this quarter as the Trump administration's hefty tariffs bite. HSBC's India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, dropped to 56.6 last month from October's strong reading of 59.2 and below the preliminary reading of 57.4.<iframe src="https://economictimes.indiatimes.com/dynamicchart?tab
Bitcoin fell nearly 6% in the past 24 hours to trade below $86,000 level on Monday amid a broad market sell-off after holding the range around $91,000 in the last week. The cryptocurrency was seen trading at $85,778.In the past 24 hours, Ethereum fell 5.85% to $2,814, while major altcoins such as XRP, BNB, Solana, Cardano, Tron, Dogecoin and Hyperliquid slid over 10%. The global crypto market capitalisation dropped 4.82% to $2.94 trillion during the same period, according to CoinMarketCap.The crypto market remains volatile following a weeks-long selloff that started in early October, when roughly $19 billion in leveraged positions were liquidated, just days after Bitcoin hit an all-time high of $126,251. Bitcoin lost 16.7% of its value in November.Also Read | Investing from abroad? How to
