"Commission approves the proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited and Star Television Productions Limited, subject to the compliance of voluntary modifications," CCI said in a post on X (formerly Twitter).
CCI has not yet specified any voluntary modifications to the original merger deal made by the two companies. As per the PIB release, the competition watchdog is yet to give detailed follow-up of the approval.
Viacom18 has not issued any official statement and Disney India has refused to comment on this matter.
Diese Geschichte stammt aus der August 29, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 29, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Used-truck prices spike up to 21%
With the government reviewing its vehicle scrappage policy, the price of used trucks has surged by up to 21 per cent in certain segments. The rise in used-market prices is also driven by demand from the government's infrastructure projects, say industry sources.
RAJASTHAN: Traders flag land, transportation woes ahead of summit
The Rajasthan government is gearing up for a three-day investment summit in December.
Chevron to sell stake worth $6.5bn to Canadian oil firm
Chevron Corp agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources for $6.5 billion.
Surging Chinese stocks may advance another 20%, says Goldman Sachs
Goldman Sachs Group upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing's stimulus blitz.
Ola EVs on a bumpy ride as social media takes stock
Comedian Kunal Kamra and Ola's Aggarwal engaged in a verbal duel on X
India's manufacturing under-performance: A new clue from 'multi-plants'
Perhaps the biggest failure of India's development and an equally big puzzle is why India has under-performed in labour-intensive manufacturing whether measured in terms of output, exports or employment.
Orders, input costs to keep cap goods on rails
Brokerages predict 12-22% revenue growth, 13-18% rise in Ebitda
Equity rally fuels fastest quarterly growth in MF assets in five years
Average AUM in Q2FY25 rises 12.3% sequentially to ₹66.2 trillion
Hero Motors withdraws papers for ₹900 cr IPO
Hero Motors, the auto components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth 900 crore, an update Securities and with the Exchange Board of India (Sebi) showed on Monday.
FPIs squeeze mkts for a sixth day
Benchmarks S&P BSE Sensex and National Stock Exchange Nifty declined for the sixth consecutive session on Monday amid sustained selling by foreign portfolio investors (FPIs).
