Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani Group</keyword> released the composite result and Credit Compendium of Adani Group of <keyword id="20027214" type="General" weightage="20" keywordseo="companies" source="keywords">companies</keyword> for Q1 FY25. The Results Compendium provides a comprehensive overview of the <keyword id="20088085" type="General" weightage="20" keywordseo="financial-performance" source="keywords">financial performance</keyword> of the Adani Portfolio, while the Credit Compendium offers in-depth insights into the portfolio's robust credit strength. According to the results, the strong performance for the quarter was led by <keyword id="20113873" type="General" weightage="20" keywordseo="Adani-Enterprises" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Enterprises" meta.hostid="261" meta.entityid="Adani Enterprises">Adani Enterprises</keyword>' emerging businesses, including solar and wind manufacturing. In a press release, the company stated that it has emerged as India's largest player in the fully integrated <keyword id="19990484" type="General" weightage="20" keywordseo="green-hydrogen" source="keywords">green hydrogen</keyword> chain, as well as in the airports and roads sectors. The company added that AEL's infrastructure businesses' steadily rising contribution is playing a significant role in this growth, with <keyword id="19957744" type="General" weightage="20" keywordseo="EBITDA" source="keywords">EBITDA</keyword> expanding by 69.98 per cent YoY. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago. The overall EBITDA of Adani Group companies surged by 32.87 per cent year-on-year (YoY) to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year. The Adani Group highlighted that its 'Core Infrastructure' platform comprises AEL's (Adani Enterprises) Infrastructure businesses, Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and Transport (Adani Ports &amp; SEZ) businesses. The Solar module manufacturing business of the group saw module sales rise by 125 per cent YoY in the quarter. Furthermore, the operationalization of photovoltaic cell lines lowered costs, resulting in higher profitability. The airport business also continues to see strong growth from rising passenger movement, increasing consumer offerings, and the addition of routes, airlines, and flights across seven operational airports. Adani Enterprises' performance indicates that in airports, the annual passenger movement across 7 airports crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across all seven airports. Additionally, 25 new brands were introduced at Lucknow airport after the inauguration of Terminal 3. The road business achieved its highest-ever 730 lane-km construction during this quarter. In the Adani Green Energy segment, construction work for a 500 MW hydro pump storage has commenced, with a 31 per cent YoY capacity addition during the quarter. Another 250 MW wind capacity was operationalized in July at Khavda, bringing the total capacity to 11.2 GW. Adani Energy Solutions stated that the Khavda-Bhuj Transmission Line (KBTL) is fully commissioned, enabling 3 GW green power evacuation from Khavda. The 1,765 ckm Warora Kurnool Transmission Line (WKTL) was also fully commissioned, strengthening the national grid by ensuring seamless power flow between the western and southern regions. Adani Ports &amp; SEZ reported that Vizhinjam port, India's first transhipment port equipped with South Asia's most advanced container-handling technology, was formally commissioned in July and will become operational in November. In the Cements segment, the promoters infused Rs 15,000 crore in two tranches in Ambuja Cements in March and April, fully subscribing to the warrant program and infusing a total of Rs 20,000 crore since the acquisition in September 2022. The company also acquired Penna Cement, increasing the total capacity to 89 MTPA. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

<ul class="summary-list"><li>Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s.</li><li>The Adani Group is a major player in multiple sectors in India, including infrastructure and energy.</li></ul>One of Asia's richest men said the next generation is ready to take over his sprawling company — but it won't happen for at least eight years.Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, <a target="_blank" href="https://www.bloomberg.com/features/2024-adani-succession/?srnd=homepage-asia">Bloomberg</a> reported on Monday.Founded in 1988, the Adani Group has substantial interests in energy, logistics, and infrastructure and aims to make India "a significant player in sustainable energy, and self-reliant in defence and security," according to a <a target="_blank" href="https://www.adani.com/About-us/One-Vision-One-Team/Gautam-Adani">profile</a> on the company website.According to the Bloomberg Billionaires Index, Adani Enterprises, the group's main company, reported revenue of $11.6 billion in 2024, and Adani himself owns a 75% stake.Adani's retirement paves the way for his sons and nephews to take over the sprawling family conglomerate by the early 2030s. The transition will occur gradually, and Adani's successors will run the company collectively, he told Bloomberg.Most Asian family business leaders are not keen on retirement, leading to what family business professor Marleen Dieleman called "King Charles syndrome," where the next generation takes over past its prime. Gautam Adani stepping aside early is a positive sign, said Dieleman, who works at IMD Business School in Switzerland."It is good to see this level of planning and preparation," Dieleman told Business Insider.Karan Adani, Gautam's elder son, will oversee cement, ports, and logistics, while Jeet Adani, the younger son, will handle airports, digital ventures, and defense. Nephews Pranav and Sagar will manage consumer businesses, communications, energy, and finance. Adani has not yet announced a successor for chairman, Bloomberg reported.While Adani's public announcement of the transition sets a positive precedent for other family-run companies, the move would ideally come with safeguards against conflicts that might arise from having four leaders steering the company."This can be done by agreeing on the larger aspirational aspects of the family legacy rather than on the question of who gets what and what is fair," Dieleman told BI.Placing non-family experts in key positions is also crucial in bolstering the transition process. A company the size of the Adani Group requires several stages of leadership, "which comes from a mix of non-family and family professionals," said Dieleman.The leadership transition comes amid significant controversies for the company. In January 2023, the Adani Group was <a target="_blank" href="https://www.businessinsider.com/hindenburg-research-adani-group-explained-stock-crash-short-seller-profits-2024-7">accused</a> by Hindenburg Research, an activist short-seller investment firm, of financial misconduct, leading to a substantial decline in the company's market value. Additionally, the company was also investigated by the US Department of Justice for potential bribery involving Adani entities, which the company had denied, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-18/adani-says-report-on-bribery-probe-by-us-prosecutors-is-false">Bloomberg</a> reported in March. No charges have been filed.Adani's <a target="_blank" href="https://www.businessinsider.com/who-is-gautam-adani-indian-industrialist-billionaire-wealth-elon-musk-2022-12">wealth</a> surged in 2022 and made him the third richest person in the world at the start of 2023. However, following the allegations from Hindenburg Research, his fortune declined by more than a quarter. Adani currently sits at the 12th spot for richest person in the world, behind the richest man in Asia, <a target="_blank" href="https://www.businessinsider.com/ambani-richest-family-in-asia-india-lifestyle-home-wedding-photos-2018-12">Mukesh Ambani</a>, according to the Bloomberg Billionaires Index.The Adani Group did not respond to requests for comment.

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

<ul><li><keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> Enterprises on Friday said it will raise Rs 20,000 crore in equity to fund the massive expansion of the business empire that now spans from ports to energy to cement. </li><li>Shares of Adani Enterprises Ltd (<keyword id="236769" type="General" weightage="80" keywordseo="ael" source="Orion">AEL</keyword>) have more than doubled in the last year, giving it a market value of Rs 4.46 lakh crore.</li><li>The group has a significant presence in ports, airports, roads, power, renewable energy, electricity transmission, gas distribution, real estate, FMCG, cement and financial services. </li></ul> Billionaire <keyword id="111343" type="General" weightage="50" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>'s conglomerate on Friday said it will raise Rs 20,000 crore in equity to fund the massive expansion of his sprawling business empire that now spans from ports to energy to cement. Adani Enterprises Ltd, the flagship firm of <keyword id="21718" type="General" weightage="50" keywordseo="asia" source="Orion">Asia</keyword>'s richest person, will raise funds through the issue of fresh equity shares, it said in a stock exchange filing. The public offering will help Adani Enterprises Ltd (AEL), which is the business incubator for the group and currently houses businesses from civil aviation to data centres, diversify the shareholder base and build its credibility and acceptance among investors. Promoters currently hold 72.63 per cent shares of AEL. Of the remaining 27.37 per cent, almost 20 per cent is held by insurance companies and foreign portfolio investors. Shares of AEL have more than doubled in the last year, giving it a market value of Rs 4.46 lakh crore. Benchmark S&amp;P BSE Sensex index has risen just 5.4 per cent over the same period. In the stock exchange filing, AEL said its board of directors met on Friday and approved the "raising of funds by way of a further public offering through a fresh issue of equity shares by the company aggregating up to Rs 20,000 crore." The company will seek shareholder approval for the offering through a postal ballot. The Adani group has previously stated that it is working on plans to increase the free float. Adani started AEL in 1988 with the commodity trading business and used it as an incubator of new businesses before spinning them off into separately listed firms. The group now has a significant presence in ports, airports, roads, power, renewable energy, electricity transmission, gas distribution, real estate, FMCG, cement and financial services. Recently, the group also entered the media business. Ports, power, transmission, green energy, gas and edible oil businesses are separately listed companies. The group has made forays into a diverse array of businesses with dealmaking in recent months. It recently acquired Holcim Ltd's India cement units for USD 10.5 billion, India's second-biggest deal of the year. It is also making a bid to take over New Delhi Television Ltd (<keyword id="6420486" type="General" weightage="50" keywordseo="ndtv" source="Orion">NDTV</keyword>). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/uks-asian-rich-list-hinduja-family-retain-top-spot-uk-pm-sunak-his-wife-make-debut/articleshow/95761539.cms">UK's Asian Rich list: Hinduja family retain top spot, UK PM Sunak, his wife make debut</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/construction-cost-of-greenfield-infra-projects-increased-by-5-7-q32022-cbre/articleshow/95762330.cms">Construction cost of greenfield infra projects increased by 5-7% Q32022: CBRE</a>

Adani Enterprises to raise ₹20,000 crore via a follow-on public offer

<ul class="summary-list"><li>Domino's American name is hurting sales abroad, a franchisee said.</li><li>Sales in Malaysia are down due to "what's happening in the Middle East right now," an exec said.</li></ul><a target="_blank" href="https://www.businessinsider.com/former-dominos-ceo-personal-pizza-expense-2023-3">Domino's Pizza</a> is the latest American brand to face blowback as some consumers change their buying habits in light of Israel's invasion of Gaza.Domino's Pizza Enterprises, a franchisee of the US company that operates Domino's restaurants in Australia, Europe, and Asia, said <a target="_blank" href="https://static1.squarespace.com/static/5bd052c7c46f6d0e23b11afb/t/65b0cab265eea235b737c302/1706085043263/2672456.pdf">same-store sales</a> in Asia fell an estimated 8.9% in the second half of 2023.One of the causes: Customers in Malaysia are associating the Domino's name with America — and US ally <a target="_blank" href="https://www.businessinsider.com/what-is-israel-trying-to-achieve-in-gaza-bombing-2023-12">Israel's war in Gaza</a> since October, an exec said."It's well-publicized that American brands in Asia, and I largely talked to Malaysia in this case, have been affected by what's happening in the Middle East right now," managing director Donald Meij said on a call with analysts on Thursday. Domino's Pizza Enterprises also operates in countries including Singapore, Japan and Taiwan.A majority of Malaysia's population is Muslim, and the country's government has expressed support for Palestine. Last month, its government banned Israeli-owned ships and those headed to Israel from its waters, <a target="_blank" href="https://www.cnn.com/2023/12/20/asia/malaysia-israel-shipping-ban-palestine-support-intl-hnk/index.html">CNN reported.</a>Malaysia and several other Asian nations key for consumer companies' growth, such as Indonesia and Pakistan, do not have diplomatic ties with Israel.Domino's is not alone in facing pushback from consumers globally over Israel's invasion of Gaza. In Middle Eastern countries including Egypt and Jordan, shoppers are avoiding dishwasher pods manufactured by Procter &amp; Gamble-owned brands, <a target="_blank" href="https://www.bloomberg.com/news/features/2024-01-26/israel-hamas-war-starbucks-coke-mcdonald-s-hit-by-middle-east-boycotts">Bloomberg reported.</a> Diners are also seeking alternatives to eating out at US-owned chains such as McDonald's and Starbucks, according to the report.Spokespeople for Domino's Pizza Enterprises and Procter &amp; Gamble did not immediately respond to Business Insider's request for additional comment.A McDonald's spokesperson told BI that "McDonald's Corporation is not funding or supporting any governments involved in this conflict" and that "we are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East."A Starbucks spokesperson directed BI to the company's December statement on Israel and Gaza. "Despite false statements spread through social media, we have no political agenda," it reads. "We do not use our profits to fund any government or military operations anywhere — and never have."Avoiding US brands has taken the form of boycotts in some countries, such as Egypt, where consumers see street protests as too risky, <a target="_blank" href="https://www.reuters.com/business/retail-consumer/boycott-campaigns-over-gaza-war-hit-western-brands-some-arab-countries-2023-11-22/#:~:text=In%20Jordan%2C%20pro%2Dboycott%20residents,viewers%20are%20urged%20to%20boycott.">Reuters reported in November.</a>McDonald's hasn't provided details on any effects the boycotts have had on its sales in affected countries. But the fast-food chain acknowledges that Israel's presence in Gaza is leading to "societal pressures" in markets where it has restaurants, CFO Ian Borden said during an investor call last month."We are seeing an impact on our business across a number of the markets in the Middle East and a limited number of markets outside the Middle East with the conflict that's going on, obviously, which is tragic," Borden said.American brands aren't the only ones feeling the impact of the turmoil. In an investor presentation last month, Unilever CEO Hein Schumacher said that some of its brands in Indonesia have been affected by "the wars in the Middle East." Unilever is based in London and owns brands including Dove soap, Magnum ice cream, and Axe body spray."They're not material to the group, but they are there," he said of the boycott's effects. Unilever did not immediately respond to BI's request for additional comment.

Domino's pizza is the latest American product facing backlash in Asia amid the Middle East turmoil, exec says

Singapore-based investment firm <keyword id="6367519" type="General" weightage="80" keywordseo="temasek" source="Orion">Temasek</keyword> will acquire an additional 41 per cent stake in <keyword id="533812" type="General" weightage="100" keywordseo="manipal-health-enterprises" source="Orion">Manipal Health Enterprises</keyword>, to take majority control of the Bengaluru-based firm, as per a joint statement issued by the entities on Monday. The companies did not share financial details of the deal. Sources, however, said Temasek stake buyout would be for over Rs 16,300 crore valuing Manipal Health Enterprises (MHE) at around Rs 40,000 crore, making it the largest deal in the Indian healthcare sector. Following the closing of the transaction, <keyword id="6379586" type="General" weightage="50" keywordseo="manipal-group" source="Orion">Manipal Group</keyword> will hold about 30 per cent in Manipal Health Enterprises. Sheares Healthcare Group, a wholly-owned subsidiary and independently-managed portfolio company of Temasek, will retain its existing 18 per cent stake, it said. Besides, global alternative asset management firm <keyword id="6367884" type="General" weightage="80" keywordseo="tpg" source="Orion">TPG</keyword>, which first invested in MHE through TPG Asia VI in 2015, will fully exit. But, TPG will hold an interest of 11 per cent in the healthcare chain, through its new Asia fund - TPG Asia VIII, it added. National Investment &amp; Infrastructure Fund (NIIF) will exit its holding from MHE, the statement said. "We are very glad for Temasek's acquisition of a significant stake in Manipal Health Enterprises and its support to the management team in building out the platform to its full potential," Manipal Group Chairman <keyword id="354291" type="General" weightage="50" keywordseo="ranjan-pai" source="Orion">Ranjan Pai</keyword> said in a statement. Investing in healthcare requires a long-term outlook as well as a sensitivity to social responsibility, he noted. "I am glad that we have partners like Temasek and TPG who resonate with these values and will continue to be a part of the journey ahead. "I am also grateful to NIIF who partnered with us at a critical juncture, at the peak of the Covid-19 pandemic and supported us as we continued to provide high-quality healthcare," Pai added. Headquartered in Bengaluru, Manipal Hospitals currently serves over fifty lakh patients a year through its network of 29 hospitals. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/most-common-passwords-can-be-easily-cracked-by-ai-in-under-a-minute/articleshow/99379900.cms">AI chatbots are cracking the code: How PassGAN can break into 51% of common passwords in under a minute</a> <a href="https://www.businessinsider.in/tech/news/google-makes-it-easier-for-users-to-delete-their-account-and-data-from-applications/articleshow/99289621.cms">Google makes it easier for users to delete their account and data from applications</a> <a href="https://www.businessinsider.in/business/news/ipl-2023-to-drive-fantasy-sports-companies-to-2900-3100-crore-revenue/articleshow/99285556.cms">IPL 2023 to drive fantasy sports companies to ₹2,900-3,100 crore revenue, fueled by Tier-2 cities and exciting prizes</a>

Temasek to buy additional 41% stake in Manipal Health Enterprises for ₹16,300 crore

<ul><li>Rahul Johri has been appointed as President – Business, South Asia and will be responsible for leading the integrated Revenue and Monetization team.</li><li>Rahul was associated with the Board of Control for Cricket in India (BCCI) as its first CEO for over four years.</li><li>This restructuring process, implemented in line with ‘ZEE 4.0 Strategy’, will setup the Company for the emerging opportunities. </li></ul><keyword id="381258" type="COMPANY" weightage="20" keywordseo="Zee-Entertainment-Enterprises-Ltd-">Zee Entertainment Enterprises Ltd.</keyword> (ZEE), a leading global content company, announced a strategic restructuring of the organization in line with its ‘ZEE 4.0 Strategy’. In order to capture the emerging opportunities resulting from the explosive growth in content consumption across genres in India and South Asia, and to generate enhanced value in an ecosystem which is witnessing a paradigm shift towards content personalization, integrated advertising solutions and convergence of platforms, the Company has announced the following strategic steps: <ul><li>Aggregating Content Creation: Creating extraordinary entertainment content has always been the key area of focus for the Company. In order to build viewer stickiness, the Company has been sharply focusing on enhancing viewer intimacy, capturing &amp; embedding socio- cultural insights and the finer nuances of the local languages &amp; customs in its content creation process. Customer centricity has been the key to the Company’s success in delivering rich, meaningful and engaging content. A ‘Content First, Cluster Centric’ framework, is enabling ZEE to take the content creation process, closer to its viewers. This approach aims at leveraging the Company’s strengths in regional clusters, improving content production efficiencies, enhancing consumer insights and most above, delivering better and more cost-effective content across platforms. Hence the Company has formed an integrated content team, responsible of creating and serving content to its viewers across linear &amp; digital platforms.</li><li>Streamlining International Business: The Company has been entertaining viewers in over 190 countries across five clusters viz. APAC; MENA; Africa; Europe and North America. With its rich experience garnered across the globe, the Company has developed a deep level of understanding of each market. The Linear (Advt./Distribution) and Digital (AVOD/SVOD) teams in the international markets will be integrated into a single team, led by the market revenue leader who will be responsible for maximizing the revenues across all formats (Linear/Digital) and revenue streams. The integration will also enable each international cluster leader to craft a local-market aligned approach. With this integrated approach, the Company aims to maximize revenue and drive content monetization, by optimally capitalizing the opportunities presented in the international markets.</li><li>Integrating Digital Assets: The Company has been substantively investing in building its digital ecosystem, given its strategic importance for future growth. While TV continues to grow in the country, digital viewership is growing at a frenetic pace, with large number of viewers adding digital to their existing formats of content consumption. In order to drive greater synergies across technology, data and talent, which are the three critical determinants of success in the digital ecosystem, the Company will be bringing together all of its digital assets under a single umbrella, which includes ZEE5 (Domestic AVOD+SVOD), ZEE5 Global, SugarBox and Digital Publishing.</li><li>Movies Business: The Company will be combining the different parts of its movies business which are currently embedded in multiple domains, into a single integrated platform. This team will be responsible for both aspects of the value chain - movie purchase/production as well as monetization, across all markets (Domestic &amp; International). Driving better line of sight through an integrated approach, this revised framework will substantially enhance the effectiveness of the Company’s movies business.</li><li>Music Business: The Company’s music business has gained substantial traction and it will continue to invest and grow this business to achieve market leadership.</li><li>Integrated Revenue &amp; Monetization team: The Company will be creating an Integrated Revenue &amp; Monetization team, combining all the existing B2B revenue generating teams (Linear Advt. Sales, Digital Advt. Sales, Distribution and B2B SVOD Partnerships) into a unified ecosystem. With this revised framework, the Company aims to drive a more synergized monetization engine that will deliver enhanced solutions to its clients, improve wallet monetization, extend coverage to small and medium enterprises (SMEs) and increase subscriber penetration across linear and digital formats.</li></ul>Subsequent to this restructuring the Company will realign its leaders as detailed below: <ul><li>Punit Misra will take over as President - Content &amp; International Markets</li><li>Amit Goenka will take over as the President - Digital Businesses &amp; Platforms</li><li>Tarun Katial who is leading ZEE5 India business will continue to report into Mr. Amit Goenka</li><li>Shariq Patel will be responsible for the integrated Movies business and Mr. Anurag Bedi will continue to drive the Music business.</li><li>Rahul Johri has been appointed as President – Business, South Asia and will be responsible for leading the integrated Revenue and Monetization team.</li></ul>Rahul was associated with the Board of Control for Cricket in India (BCCI) as its first CEO for over four years, being the driving force in powering the improvement in monetization of assets including the IPL and the BCCI Media rights. Prior to BCCI, Rahul was associated with Discovery Networks Asia Pacific for 15 years where he successfully led the turnaround of the Company, working across all aspects of the value chain, launching multiple new networks, revenue generation, affiliate partnerships, viewership growth, programming, productions, operations, government relations and managing the Sony Affiliate Joint Venture - The One Alliance. Punit Misra, Amit Goenka, Shariq Patel, Anurag Bedi and Rahul Johri will report to the Managing Director &amp; Chief Executive Officer of the Company. The new structure is effective immediately. Speaking on these strategic restructuring announcements, Punit Goenka, MD &amp; CEO, ZEE Entertainment Enterprises Ltd. said, “ZEE 4.0 will be an integrated and synergized organization, with a sharp focus on delivering world class entertainment content to our consumers across the world and enhanced value to our partners across the ecosystem. As I had expressed in my Open Letter, our endeavor will be to build a process-oriented structure for the future and our integrated approach is a strong step in this direction. ‘Gusto’ is an extremely important pillar of the new version of the Company and as an ‘Academy of Talent’, ZEE will continue to nurture and build leaders for the Company and the Industry at large. I am delighted to have Rahul Johri join us to lead the Revenue &amp; Monetization team and I am equally glad to have a strong business leadership team comprising of Amit Goenka, Punit Misra, Shariq Patel and Anurag Bedi, leading their respective functions. I am most certain that the collective experience and expertise of the leadership team, will help us immensely in achieving our set goals for the future. I wish the teams all the very best and I look forward to working with them very closely, to realize the vision chalked out for the all new version of ZEE.” This restructuring process, implemented in line with ‘ZEE 4.0 Strategy’, will setup the Company for the emerging opportunities. In this new version of the Company, its focus will be on reinventing the existing business models, maximizing its core, expanding into adjacent spaces and exploring new areas of business. In its version 4.0, ZEE is taking all the required steps in order to transform into the largest &amp; most profitable media &amp; entertainment company in South Asia.

ZEE Entertainment restructures organisation; ropes in Rahul Johari as President - Business, South Asia

<ul class="summary-list"><li>A Singaporean bank's cardholders have exclusive access to presales for Taylor Swift concert tickets.</li><li>Swiftie bachelors are going viral as they jokingly search for dates who happen to be cardholders.</li></ul>Eligible bachelors want to score tickets to Taylor Swift's Singapore concert so badly that they're posting their profiles on Twitter in hopes to land a date who checks one key criterion: they own a United Overseas Bank, or UOB, credit card.Starting Wednesday, UOB cardholders are set to have exclusive access to a <a href="https://www.uob.com.sg/personal/promotions/cards/deals/taylorswifttheerastour.page" target="_blank" rel="noopener">presale for tickets to Swift's concerts, which are scheduled in the city-state from March 2 to March 9, 2024</a>.The general public is not set to have access until <a href="https://affiliate.insider.com?h=e97c20716bd008cf77143328c94e8b5b70b0ce3de001272ea12f3a48dd1e38fb&amp;postID=64a3dc09295381134b0774c3&amp;site=bi&amp;u=https%3A%2F%2Fticketmaster.sg%2Factivity%2Fdetail%2F24_taylorswift">two days later</a>.Keen to beat the rush for tickets, enterprising Swifties jokingly started to tweet out their dating profiles in search of romantic partners who also happened to be cardholders.In a tweet on June 23 that's been viewed more than 2.3 million times, @jameswindborne, a self-professed Swift fan, described himself as a 30-year-old pilot and architect who "can afford to live in this economy."His criteria for a partner: a "male/female" who lives in Singapore or Japan and is a "UOB Credit/Debit cardholder."<a href="https://twitter.com/charkoaydiao/status/1671684196753100801">Dozens of other Taylor Swift fans</a> are racking up thousands of likes with tweets in the same format.Hazim Azman, a Malaysian fan who <a href="https://twitter.com/potatoeajim/status/1671664979915988992?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1671664979915988992%7Ctwgr%5E7e0ece7345f9924bb8cce9971e13c1c3ea0894e2%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.businessinsider.com%2Fpost%2Fpreview%3Fpost_id%3D64a4f12c506ab8706c65bf74mode%3Ddesktop">tweeted two selfies and a bulleted list of reasons to date him</a>, told Insider on Wednesday that he considered his tweet successful because he had befriended a few UOB cardholders who promised to help him secure tickets."Fingers crossed, let's hope we secure the tickets today," he said, planning to travel down to Singapore to catch the show if he gets tickets.More than 1 million fans were already in the presale queue on Wednesday and more than 300,000 fans are expected to attend the concert's Singapore dates, the local news outlet <a href="https://www.straitstimes.com/life/over-1-million-queue-numbers-issued-for-taylor-swift-tickets-within-10-minutes-of-uob-presale" target="_blank" rel="noopener">The Straits Times reported</a>.United Overseas Bank said in a Tuesday statement seen by Insider that the allure of early concert tickets had increased credit card sign-ups in Southeast Asia by 45% in the week after the promotion was announced. Most of the approved sign-ups were for those between 20 to 40 years old, the bank said.Only cardholders in Singapore, Malaysia, Indonesia, Thailand, and Vietnam are eligible for the presale.The Eras Tour could become the first-ever concert to earn more than $1 billion from tickets, merchandise, and sponsorships, according to a June 26 <a href="https://www.wsj.com/articles/taylor-swift-eras-tour-money-511fdfcf" target="_blank" rel="noopener">report by The Wall Street Journal</a>.

Bachelors in Asia are so desperate to attend Taylor Swift's concert that they are offering themselves up as dates to a bank's cardholders

<ul><li>The metaverse market size reached a value of $22.79 billion in 2021. </li><li>Companies across the globe, including those in non-tech sectors, are now increasingly investing in the technology. </li><li><keyword id="68550" type="General" weightage="20" keywordseo="asia-pacific" source="Orion">Asia-Pacific</keyword> and <keyword id="6378080" type="General" weightage="80" keywordseo="north-america" source="Orion">North America</keyword> together held 50 per cent metaverse market share in 2021.</li></ul> The global metaverse market is expected to reach $996 billion in 2030, registering a compound annual growth rate (CAGR) of 39.8 per cent. The metaverse market size reached a value of $22.79 billion in 2021, according to <keyword id="1670029" type="General" weightage="80" keywordseo="globaldata" source="Orion">GlobalData</keyword>, a leading data and analytics company. Companies across the globe, including those in non-tech sectors, are now increasingly investing in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams. "As of 2021, the media and entertainment market captured a sizable revenue share of the metaverse market. The entertainment experience we have seen through the metaverse has been through music and concerts," said <keyword id="6414691" type="General" weightage="80" keywordseo="deepak-agarwal" source="Orion">Deepak Agarwal</keyword>, Project Manager at GlobalData. "In the non-blockchain world, <keyword id="2092059" type="General" weightage="80" keywordseo="travis-scott" source="Orion">Travis Scott</keyword> in Fortnite had put on an enormous concert which showed $20 billion, including merchandise, versus the 1.7 billion from the regular show," <keyword id="12857" type="General" weightage="80" keywordseo="agrawal" source="Orion">Agrawal</keyword> added. Various players in the technology sector, including those manufacturing semiconductors, components, and application software, are also leveraging metaverse. Asia-Pacific and North America together held 50 per cent metaverse market share in 2021. "The strong presence of big technology giants in the advanced economies of North America and the emerging economies in the <keyword id="71713" type="General" weightage="20" keywordseo="asia-pacific-region" source="Orion">Asia-Pacific region</keyword> are fuelling the metaverse market growth," said the report. Companies in these regions are focusing on <keyword id="6355684" type="General" weightage="50" keywordseo="blockchain" source="Orion">Blockchain</keyword>, machine learning, AR and VR, adtech, payment platforms, enterprise applications, gaming, data governance and others. "The metaverse is still largely conceptual but could transform how people work, shop, communicate, and consume content. Although it is in the early stages of development, it has the potential to be the next mega-theme in digital media," said <keyword id="781" type="General" weightage="80" keywordseo="agarwal" source="Orion">Agarwal</keyword>. Furthermore, the large-scale adoption of next-gen technologies. including AR and VR will accentuate the adoption of metaverse by most of the stakeholders involved, the report mentioned. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/india-reports-2756-fresh-covid-cases-21-deaths/articleshow/94737352.cms">India reports 2,756 fresh Covid cases, 21 deaths</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/us-issues-four-travel-advisories-for-india-this-year-maintains-same-level-since-march-28/articleshow/94737253.cms">US issues four travel advisories for India this year; maintains same level since March 28</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/govt-to-kick-off-fy24-budget-making-exercise-on-monday/articleshow/94737174.cms">Govt to kick off FY24 Budget making exercise on Monday</a>

You Searched For "Enterprise Asia" and got 8 results

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

ANI

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

Lian Kit Wee

Adani Enterprises to raise ₹20,000 crore via a follow-on public offer

PTI

Domino's pizza is the latest American product facing backlash in Asia amid the Middle East turmoil, exec says

Alex Bitter

Temasek to buy additional 41% stake in Manipal Health Enterprises for ₹16,300 crore

PTI

ZEE Entertainment restructures organisation; ropes in Rahul Johari as President - Business, South Asia

BI India Partner

Bachelors in Asia are so desperate to attend Taylor Swift's concert that they are offering themselves up as dates to a bank's cardholders

Kai Xiang Teo

Global metaverse market likely to reach $996 bn in 2030

IANS

Popular Keywords

Buying Guides