Top Headlines: Zee shareholders on Sony merger; wheat flour export to india

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Zee Entertainment Enterprises (ZEEL) said on Friday that nearly 100% of its shareholders have approved its proposed merger with Sony Pictures Networks (SPN) India. India has allowed export-oriented units and companies established in special economic zones to export flour made from imported wheat, a government decree said. Read more about it in our main titles.


99.99% of Zee Entertainment shareholders vote to merge with Sony

Zee Entertainment Enterprises (ZEEL) said on Friday that nearly 100% of its shareholders have approved its proposed merger with Sony Pictures Networks (SPN) India. Zee had called a meeting of its shareholders on Friday, following instructions from the Mumbai bench of the National Company Law Tribunal (NCLT) in August. Read more


India allows exports of wheat flour processed from imported grain

India has allowed export-oriented units and companies based in special economic zones to export flour made from imported wheat, a government decree announced on Friday, bowing to demands by food processors to allow shipments of value-added products. India will allow food processors to import wheat duty-free against a commitment to export flour, according to the order. Read more


Aditya Birla Capital joins race to acquire life insurer Reliance Nippon

Aditya Birla Capital, the financial services company of the Aditya Birla Group, has joined the race to buy a 51% stake in Reliance Nippon Life Insurance Company (RNLIC), a unit of bankrupt Reliance Capital. Torrent Group, based in Ahmedabad, is also in the fray. Read more


Rupert Murdoch wants to rebuild his media empire after 2013 split

Rupert Murdoch explores options for recombining his Fox Corp businesses. and News Corp., rebuilding a media empire it split in 2013. The two companies have set up special committees of independent directors to study a potential deal and assess possible terms, according to statements they released. late Friday. Read more


Exports up 4.8% to $35.45 billion days after initial data showed decline

India’s merchandise exports rose 4.8% year-on-year (YoY) to $35.45 billion in September, according to revised data released by the Commerce Department on Friday, reversing its earlier estimate of a contraction for the first time in 19 months. Meanwhile, imports rose 8.66% year-on-year to $61.16 billion in September. Read more

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