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Deal called off due to delay in receiving approval from MIB 13 Apr, 2021 - 02:25 PM IST | By indiantelevision.com Team MUMBAI: Jagran Prakash s Music Broadcast, which owns and operates Radio City, has terminated its deal with Reliance Broadcast Network Ltd (RBNL) for the acquisition of Big FM. The Rs 1,050-crore deal has been called off as both parties have not received approval from the ministry of information and broadcasting (MIB). It was in 2019 that Music Broadcast entered into definitive agreements with Reliance Capital, Reliance Entertainment Networks, and Reliance Broadcast Network. As the long stop date under the definitive agreements has expired, the acquisition deal between the parties also gets terminated. ....
Wipro appoints Michael Seiger as the Country Head for Germany and Austria. Torrent Pharma recorded a higher consolidated profit at Rs297cr in Q3FY21 against Rs251cr in Q3FY20; revenue increased to Rs1,995cr from Rs1,966cr yoy. NMDC registered sharply higher profit at Rs2,108cr in Q3FY21 against Rs1,375cr in Q3FY20, and revenue jumped to Rs4,355.1cr from Rs3,006.4cr yoy. Jindal Stainless (Hisar) Dec 2020 quarter: PAT and EBITDA of the company stood at Rs190cr and Consistent focus on deleveraging helped bring down the finance cost by 23% over CPLY. Tata Steel will announce its quarterly financial results on Tuesday. ....