Walt Disney is exploring strategic options for its Star India business, including a joint venture or a sale, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The company has talked to at least one bank about ways to help the India business grow, while sharing some of the costs, according to the report.

Shares of Waaree Renewable Technologies (erstwhile Sangam Renewables) rallied 14 per cent to hit a new high of Rs 1,242 on the BSE in Wednesday’s otherwise subdued trade. The S&P BSE Sensex was down 0.13 per cent at 65,529, at 12:15 pm.


The stock of the power generation company has zoomed 148 per cent thus far in the calendar year 2023. In comparison, the S&P BSE Sensex was up 7 per cent during the period. Since 2021, the market price of the company has skyrocketed 8,525 per cent from a level of Rs 14.40 at the end of calendar year 2020.

Congress leader Rahul Gandhi could soon move into a modest three-BHK house in South Delhi’s leafy Nizamuddin East locality. The house belongs to the family of former Delhi chief minister Sheila Dikshit, who spent the last years of her life there.

Gandhi vacated his official bungalow on April 22 after his disqualification from the Lok Sabha, temporarily moving in with his mother, but had been searching for a suitable house.

Education group Narayana is looking to buy the stakes of Morgan Stanley Private Equity Asia and BanyanTree Finance in its group firm Nspira Management Services for around Rs 1,400 crore, The Economic Times (ET) reported on Tuesday.

Morgan Stanley PE and BanyanTree currently hold a 20 per cent stake in Nspira. Over 18 per cent of this is held by Morgan Stanley, and the rest by BanyanTree. In 2018, Morgan Stanley and BanyanTree invested $75 million in Nspira.

Abhijit Chakravorty will be the new managing director and chief executive of SBI Cards and Payment Services Ltd (SBI Card) from August 12, 2023. He will succeed present MD&CEO Rama Mohan Rao Amara, who will move back to promoter company State Bank of India.

The appointment of Abhijit Chakravorty as MD&CEO, nominated by State Bank of India, is for two years subject to necessary approvals including from the shareholders at the ensuing Annual General Meeting, SBI Card informed BSE.

Shares of PCBL (erstwhile Phillips Carbon Black) hit a 52-week high of Rs 174.55, as they rallied 7 per cent on the BSE in Tuesday’s intra-day trade after the company announced commissioning phase 1 i.e. 20,000 metric tons per annum (MTPA) of it brownfield speciality carbon black (CB) expansion at its Mundra Plant in Gujarat.

Upon completion, PCBL will have a specialty chemicals production capacity of 40,000 MTPA at its Mundra plant.

At least six people were killed in a collision between a car and a school bus on Delhi-Meerut Expressway near Ghaziabad on Tuesday. According to reports, the accident took place on NH-9 near the Crossings Republik Police Station.

According to the police, the school bus was empty and was reportedly coming from the wrong direction.

Wadia Group is in talks with financial investors to jointly bid for cash-strapped Go First airline, The Economic Times (ET) reported on Tuesday. The decision will, however, depend on whether the grounded airline will be considered airworthy again or not.

On Monday, the resolution professional (RP) invited Expressions of Interest (EOI) from investors. The last date for EOI has been fixed at August 9.

Taiwan's Foxconn said on Monday it is pulling out of a joint venture (JV) with metals-to-oil conglomerate Vedanta Ltd that was set up to produce semiconductors from India, according to news agency Reuters.

"Foxconn is working to remove the Foxconn name from what now is a fully-owned entity of Vedanta," the electronics manufacturer said in a statement.

Shares of Olectra Greentech hit a new high of Rs 1,408.85, as they rallied 14 per cent on the BSE in Monday’s intra-day trade amid heavy volumes. The stock of electric-bus manufacturer was quoting higher for the third straight day, zooming 43 per cent during the period after the company bagged contract worth Rs 10,000 crore from Maharashtra State Road Transport Corporation (MSRTC).

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