Disney projects $300 mn equity loss in FY25 from India JV with Reliance

Media and entertainment conglomerate Walt Disney Company has projected an equity loss of approximately $300 million for FY25 from its India joint venture with Reliance Industries Ltd, primarily driven by purchase accounting amortization. The joint venture, formalized on 14 November 2024, combined Disney’s Star-branded general entertainment and sports channels and its Disney+ Hotstar streaming service…

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Operation Sindoor: What’s next for Indian defence stocks?

As during any crossborder conflict, the escalating tensions between the nuclear-armed neighbours are expected to boost earnings for domestic defence companies. A strong and resilient export outlook further strengthens the sector’s prospects, said experts. Since the terror attack on tourists in Kashmir’s Pahalgam area on 22 April, the Nifty Defence index has increased 2.99%, significantly…

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Gold prices today in your city: Check prices in Mumbai, Bengaluru, Chennai, Hyderabad, New Delhi and Kolkata on May 7

Gold prices in your city, May 6: Amid India’s precision strike missile attack on nine terror targets in Pakistan and Pakistan-occupied-Kashmir (PoK) today dubbed as ‘Operation Sindoor’, the Indian stock markets have shown remarkable resilience on May 7. According to experts, this is due to a confluence of factors like strong domestic demand, government measures,…

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