The Press Editor

Mumbai: Magnifica Global Opportunities VCC–MGO High Conviction Fund Incorporated VCC Sub-Fund has raised its stake in Zee Media Corporation by acquiring 4.5 crore fully convertible warrants through a preferential allotment. With this acquisition, the company's holding has increased to 5.04 per cent. Prior to the acquisition, the fund held 3,69,645 equity shares, accounting for 0.06 per cent of the company's voting share capital. Following the allotment, the investor's total holding has increased to 4,53,69,645 securities, comprising 3,69,645 equity shares and 4.5 crore convertible warrants.  Acquisition through preferential allotment  According to the information shared, the acquisition was made through a preferential…

Mumbai: The ambitious project to build the country's first offshore airport on the coast of Kore village in Palghar district has gained momentum as Chief Minister Devendra Fadnavis has directed officials to prepare a detailed project report (DPR). Fadnavis issued this order during his inspection of the proposed airport site on Sunday. The Chief Minister has also directed officials to examine extending the Uttan-Virar Sea Link to provide direct connectivity to the site. Where will the airport be built? The proposed airport site is just five kilometres away from the Uttan-Virar sea bridge. Therefore, a proposal to extend the sea…

Mumbai: Benchmark indices Sensex and Nifty broke a two-day gaining streak on Monday, June 29, 2026, and ended the trading session in the red as the geopolitical environment remains fragile, with both the US and Iran continuing a limited conflict, keeping markets on edge and unsettling investors. The 30-share BSE Sensex fell 3721.0 points or 0.48 per cent to settle at 76,728.37. During the day, the benchmark hit a high of 77,252.78 and a low of 76,621.75, gyrating 631.03 points. The 50-share NSE Nifty was down by 109.75 points, or 0.46 per cent, to settle at 23,946.25. Similarly, the broader…

New Delhi: The Delhi Cabinet, chaired by Chief Minister Rekha Gupta, has approved the new EV Policy 2026. As part of the policy, all electric cars with an ex-showroom price of Rs 30 lakh or less registered in the national capital will be exempted from road tax and registration fees. Moreover, it will provide a scrapping incentive of Rs 1 lakh to owners of BS-IV four-wheelers or below-standard vehicles who scrap their vehicles and switch to electric vehicles. Moreover, all electric two-wheeler purchasers will get a Rs 30,000 subsidy, and three-wheeler buyers will get a Rs 50,000 subsidy in the…

Mumbai: Shares of BSE-listed Blue Cloud Softech Solutions are in focus as the company has informed exchanges that it has been empanelled by Bharat Sanchar Nigam Ltd (BSNL) as a Captive Non-Public Network (CNPN) Provider under Category III. The IT company said that the formal agreement has been executed and will be valid for 60 months. According to the filing, the captive non-public networks are emerging as an important component of India’s digital transformation, enabling enterprises to deploy secure, reliable and dedicated communication networks tailored to their operational requirements. Under the empanelment, BCSSL will be eligible to partner with BSNL…