Zee Entertainment Enterprises (ZEE) said that the board of directors of the company has approved the acquisition of film production and distribution business as a going concern, on a slump sale basis from Zee Studios (formerly known as Essel Vision Productions), a wholly owned subsidiary of the company, for a cash consideration. Also the board of directors of the company considered and approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Tecbnologies through a Business Transfer Agreement.
BPCL said its board of directors has accorded its in principle approval for merger of Bharat Gas Resources (a wholly owned subsidiary of BPCL) with BPCL. BGRL is engaged in the business of Natural Gas.
Trade setup for Friday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities says the short term trend of Nifty continues to be rangebound with positive bias. Sunil Shankar Matkar December 17, 2020 / 10:47 PM IST
The market gained strength after initial trade volatility and marked another fresh record high on December 17, backed by HDFC Group stocks. The decision of the Federal Reserve to keep interest rates unchanged at near-zero levels in its December meeting and maintain bond-buying programmes until the economy returns to full employment also aided sentiment.
Benchmark indices ended at record closing highs again. The BSE Sensex inched near 47,000 mark, rising 223.88 points to 46,890.34, while the Nifty50 gained 58 points at 13,740.70 and formed a Spinning Top kind of pattern on the daily charts.