EUR/INR futures hover around 99.80 mark amid tight moves
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Time of India
an hour ago
- Time of India
ZEEL's ad revenue declines by 16.7% in Q1FY26
Zee Entertainment Enterprises ( ZEEL ) has reported a 21.19 per cent year-on-year (YoY) increase in its net profit for the quarter ending June 30, 2025, reaching INR 143.7 crore, up from INR 118.1 crore in the corresponding period last year. Despite the surge in profit, the media conglomerate experienced a significant decline across key revenue streams. Advertising revenue fell by 16.77 per cent to INR 758.5 crore for the quarter, compared to INR 911.3 crore in the quarter ended June 30, 2024. The company attributed that domestic advertising revenue declined for the quarter due to extended sports calendar, and slowdown in FMCG spending . 'The domestic advertising environment continues to be a soft, healthy monsoon and festive pick-up augurs well for the near future,' said the company. Subscription revenue also saw a marginal dip of 0.56 per cent, settling at INR 981.7 crore against INR 987.2 crore in the prior year. Other sales and services witnessed a substantial decline of 63.53 per cent, decreasing to INR 84.6 crore from INR 232 crore. 'Increase in digital subscription revenue was offset by decline in linear subscription revenue due to fall in PayTV subscribers. And other sales and services declined due to lower theatrical and syndication revenue,' informed Zee. Consequently, total income for the quarter declined by 13.94 per cent, standing at INR 1,849.8 crore compared to INR 2,149.5 crore a year ago. The company's operational expenses declined by 17.5 per cent to INR 971.0 crore from INR 1,177 crore. Employee benefits expense also saw a modest decline of 2.52 per cent, amounting to INR 220.1 crore against INR 225.8 crore. Furthermore, advertisement and publicity expenses decreased by 4.97 per cent, from INR 289.6 crore to INR 275.2 crore.
Mint
2 hours ago
- Mint
Sawan Shivratri 2025: Are schools, colleges, banks open or closed on Wednesday, July 23? Check here
Sawan Shivratri 2025: Sawan Shivratri is a significant Hindu festival celebrated during Shravan in the Hindu lunar calendar and dedicated to Lord Shiva. It occurs on the 14th day of the waxing moon phase in the Shravan month. This year, it falls on Wednesday, 23 July 2025, while the Shivaratri Parana takes place at 5:53 am on 24 July 2025. Sawan Shivratri is observed through fasting, prayer, and rituals such as Abhishekam of the Shiva lingam with sacred substances. It is believed that this festival purifies the soul and fulfils wishes. On this day, most public offices, schools, and other institutions are expected to be closed to mark the festival. According to the Reserve Bank of India holiday calendar, all banks across the country will remain open on Wednesday, July 23, 2025. Customers can access all banking services at their nearest bank branches on the occasion of Sawan Shivratri. The Indian stock market will open on Wednesday, July 23, 2025, according to the holiday calendar of NSE and BSE. Hence, the Indian stock market is not closed on Sawan Shivratri. Schools and colleges in multiple states, such as Uttar Pradesh, Madhya Pradesh, Uttarakhand, and Haryana, will reportedly be closed on Wednesday, July 23, 2025, due to Sawan Shivratri and Kanwar Yatra. Notably, no official announcement has been made regarding school closures in Punjab. Therefore, schools will remain open on July 23. There is no holiday for Sawan Shivratri in Telangana; however, a statewide bandh on July 23 may result in school closures. Most government offices across the country are expected to remain open on Wednesday, July 23 2025, as it is not designated as a gazetted holiday by the central government.
Time of India
4 hours ago
- Time of India
Rupee ends lower for fifth day: Falls 7 paise to 86.38 against dollar amid trade deal uncertainty; FII outflows persist
The rupee on Tuesday fell 7 paise to close at 86.38 against the US dollar, weighed down by persistent uncertainty over the India-US trade deal ahead of the August 1 deadline and continued foreign fund outflows. At the interbank foreign exchange market, the domestic currency opened at 86.26, touched an intra-day high of 86.22 and a low of 86.41, before settling at 86.38, down from the previous close of 86.31. This marked the rupee's fifth straight session of decline since July 16, when it had closed at 85.92. Forex traders said while the softening of crude oil prices and a weaker dollar supported the rupee at lower levels, negative domestic equity trends and foreign institutional investor (FII) outflows capped gains. "We expect the rupee to trade with a slight negative bias on trade deal talks. However, weakness in the American currency and softening of crude oil prices may support the rupee at lower levels," said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan. Dilip Parmar, Research Analyst at HDFC Securities, said, 'The rupee depreciated for the fifth consecutive day, driven by risk-averse market sentiment and consistent dollar demand.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lodha Panache: Hinjewadi Pune: 2/3/4 BHK Luxurious Flats Lodha Panache Learn More Undo He added, 'Regional currencies remain range-bound as the dollar consolidates amid geopolitical uncertainties. Near-term, spot USD-INR has support at 85.95 and resistance at 86.70.' An official said the US team will visit India in August for the next round of negotiations on the proposed bilateral trade agreement. The fifth round of talks concluded last week in Washington. The August 1 deadline marks the end of the suspension of Trump-era tariffs on several countries, including India, where a 26% tariff on exports could come into effect if no interim deal is reached. "Traders may remain cautious ahead of PMI and durable goods orders data from the US this week," Choudhary added, noting the USD-INR spot price is expected to trade between 86.10 and 86.65. The dollar index fell 0.03% to 97.82, while Brent crude declined 0.94% to $68.56 per barrel in futures trade. In domestic markets, the Sensex slipped 13.53 points to 82,186.81, and the Nifty dropped 29.80 points to 25,060.90. FIIs offloaded equities worth Rs 3,548.92 crore on a net basis, according to exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
