Campaign Soulful Solitaires is launched by Vummidi Bangaru Jewellers.

Mr. Amarendran Vummidi, a trained gemmologist, provides the team with expert direction as they carefully select and construct each solitaire from VBJ.Chennai: The "Soulful Solitaires" campaign was introduced today by Vummidi Bangaru Jewellers, a reputable jewelry brand in India. With decades of experience, VBJ is the preferred choice for clients looking for natural diamond solitaires. All of their Indian and US showrooms feature a distinctive collection ranging in carat weight from 0.3 to 5.0.Every solitaire that leaves the VBJ home is flawless and has the endorsement of Mr. Amarendran Vummidi, managing partner of Vummidi Bangaru Jewellers, a skilled gemmologist. Amarendran Vummidi revealed further information on the campaign by saying, "I am fully involved in the manufacturing process – right from selection till the product goes to the customer."  The finest quality is achieved at VBJ because we pay close attention to each VBJ solitaire diamond's cut, color, clarity, and carat. perfect glimmer and gloss. Our clients have always been enamored with and have included our skillfully created solitaire diamonds in their memorable occasions. Our vast assortment of solitaires, which we have created, offers a wide range of options that are sure to delight our consumers.  

Codorus Valley Bancorp Inc. and Orrstown Financial Services Inc. are merging as equals, and Holland & Knight is advising the former.

July 2, 2024, in Philadelphia The parent company of PeoplesBank, Codorus Valley Bancorp Inc. (NASDAQ: CVLY), merged with Orrstown Financial Services Inc. (NASDAQ: ORRF) and its wholly owned subsidiary, Orrstown Bank, in an all-stock deal estimated to be worth $207 million. Holland & Knight provided advice on the merger. The transaction, which finalized on July 1, would establish a superior community bank operating under the name "Orrstown Bank" across Pennsylvania and Maryland. The combined business will have over $5.2 billion in assets and a market value of about $460 million, with 51 branches serving communities in Central and Eastern Pennsylvania as well as Greater Baltimore.Paul J. Jaskot, a partner at Holland & Knight, oversaw the company's Codorus Valley presence. Partners Travis Nelson, Roger Lane, John Martini, and Associates Francesco Salpietro, Nicole Martini, Kelcie Ouillette, Caitlin Simkins, Ryaan Ibtisam, Charnae Supplee, and Michael Romeo all provided assistance for him.  

Might Paramount+ and Max Merge? Warner Bros. Discovery is willing to investigate a joint venture with Paramount Streaming.

Sources claim that Warner Bros. Discovery has expressed early interest in investigating a joint venture with Paramount Global to merge WBD's Max and Paramount+.Following the cancellation of merger negotiations with Skydance Media by controlling shareholder Shari Redstone last month, Paramount Global is moving forward with a new strategic plan led by three co-CEOs to reduce expenses, investigate the sale of specific assets, and boost Paramount+'s profitability through a potential joint venture with another player.Warner Bros. Discovery is one possible streaming dance partner for Paramount. According to a source, WBD is interested in exploring a streaming joint venture with Paramount Global, as CNBC initially revealed.Warner Bros. Discovery's investigation into the viability of a streaming joint venture with Paramount is hardly surprising, considering how openly Paramount Global's executive team has expressed their wish to find a partner. Right now, the scenario essentially entails each corporation testing the feasibility of a partnership in this manner.Representatives from Paramount Global and Warner Bros. Discovery declined to comment. Chris McCarthy, one of the three heads of the Office of the CEO and the CEO of Showtime/MTV Entertainment Studios and Paramount Media Networks, spoke about two possible streaming collaborations during the company town hall meeting on June 25 at Paramount Global.The first choice is to establish a close, long-term partnership with a top technological platform that currently possesses the entire scope that we are attempting to achieve. McCarthy addressed the staff at the town hall, saying, "But what they lack is our scale of content, and together we will make for a very powerful combination to drive more minutes and greater profits." "And this would enable us to allocate a larger portion of our budget to our core competency, which is creating viral content."  

brisk speed Promoters sell holdings valued at $10.5 billion in the first half of 2024.

According to data from Kotak Institutional Equities, the pace at which promoters are selling their companies accelerated in the first half of 2024, with deals totaling $10.5 billion made by the proprietors of 37 companies on the NSE500.Indian promoters sold $12.4 billion worth of stakes in 2023; if the current pace holds this year, the amount will significantly surpass the previous year's estimates.Stake sales by promoter entities of the Adani group increased the total amount last year.In 2024, sales will occur in a variety of industries, with the main drivers being debt repayment, business expansion, and compliance with minimum public shareholding requirements. It has been a tactical sale by non-promoter private equity groups.In Kotak's analysis, the promoters of Mankind Pharma, Vedanta, Cipla, and Mahindra & Mahindra sold their stakes for debt reduction, personal reasons, and changes to family holdings, respectively. In the case of Bharti Airtel and Indus Towers, the sells were made for financial realignment of the promoters' interests.The promoter shareholding of firms has decreased as a result of the stake sales; according to Kotak's study, promoter holdings in the companies in the BSE-200 index dropped from 42.1% at the end of December 2022 to 38.8% at the end of March.Indian shares have been heavily purchased by domestic investors, whose holding increased by 80 basis points to 23.5% over the same time period. Foreign portfolio investors' holdings have decreased throughout that period, from 21.4% to 20.5%. According to data from the stock exchanges, domestic mutual funds have purchased bulk and block deals, acquiring the inventory that promoters or PEs have offloaded.  

SK Faces the Largest Reorganization in Two Decades Following Deals Spree

(Source: Bloomberg) The issue facing SK Inc. is that, following a $21 billion acquisition binge, the second-largest company in South Korea has grown too large.On Friday, Chairman Chey Tae-won will meet with top executives who oversee $240 billion worth of businesses, including manufacturers of batteries, mobile carriers, and suppliers of chips for artificial intelligence. According to observers, the outcomes might cause the business to undergo its largest restructuring since he assumed leadership more than 20 years ago.A six-year acquisition binge has left the company, according to one estimate, $170 trillion in debt, right before the crown jewel SK Hynix Inc. and its affiliates are set to make historic investments to take advantage of the market for AI memory chips. Chey has a personal stake in the outcome as well because he needs to raise $1 billion to finalize his divorce. Investors anticipate numerous asset sales and mergers.According to Park Ju-gun, president of Seoul-based corporate analysis company Leaders Index, "it's looking pretty bad for SK." "In the last six or seven years, every division under SK Inc. went on an extravagant buying binge to increase its size, and those excessive acquisitions have now made the group unmanageable, while the chairman is engulfed in a divorce."Chey Chang-won, Chey's cousin, is the head of the consultative committee known as SK Supex. Chey will host the meeting via video conference from the United States. The main priorities will be rearranging the portfolio and pursuing "quality growth," according to a statement released by SK on Thursday.SK stated that during the two-day retreat, the executives will also talk about ways to enhance the biotechnology and battery industries, among other things. Around 18% of SK Inc., which oversees more than 200 SK companies through a complex network of cross-shareholdings, is controlled by Chair Chey. The founding of the organization dates back to 1953.Following the Seoul High Court's decision last month to order 63-year-old Chey to pay the largest-known divorce payment in the nation, market expectations for a restructuring have grown. Two days following the ruling, SK Inc.'s shares shot up more than 20% on speculation that the business might raise its price to support the chairman.  

IT companies seeking acquisitions to improve their capabilities and revenue

A downturn in global demand is preventing prospects for organic expansion, therefore Indian IT services are relying on acquisitions to drive growth in the face of an urgent need to invest in new skills, particularly in GenAI.Indian information technology (IT) services may be depending on acquisitions to support expansion in the face of an urgent need to invest in more advanced capabilities, particularly in GenAI, as organic growth prospects are further pushed back in an environment of cautious global demand. "Over the next 12 months, there will be a rise in M&A (mergers and acquisitions) activity due to the flat markets for BPO and IT services at the moment. The majority of new purchases will be in sectors that add  

Sensex and Nifty are up and are trading in a narrow range close to their all-time highs.

Nifty, Sensex, and Stock Prices LIVE: The benchmark Indian indices, the Sensex and Nifty, began trading higher on Tuesday but remained in a limited range as investors watched for new catalysts, with the indexes close to record highs. The BSE Sensex was up by 0.31 percent, or 242 points, at 77,583, while the NSE nifty was up by 0.21 percent, or 49, to 23,587 points. After reaching a new high last Friday, the Nifty finished 0.2% higher on Monday, moving inside a 450-point trading range over the previous ten days. Anand James, Chief Market Strategist at Geojit Financial Services, predicts that there will be little chance of an upside break and that the market will likely consolidate inside a given range. At a certain point, the upward marker is still present, indicating the potential for a deeper decline. DealersStock Market Today | Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for June 25, 2024, right here.    

Systems and Components India will see a majority acquisition by Kirloskar Pneumatic

In the event that closing modifications and due diligence are completed, the deal is anticipated to be completed within the following three months.A memorandum of understanding (MoU) has been signed by Kirloskar Pneumatic Company Ltd (KPCL), a well-known participant in the air, refrigeration, and gas compressor industries, to purchase a controlling stake in Systems and Components India Private Ltd (S&C). As a result of this calculated maneuver, KPCL will control over 51% of S&C.With over 700 installations throughout India, The S&C is a seasoned player in the industrial refrigeration market, having served important industries including dairy, pharmaceuticals, chemicals, and fertilizers for over 30 years. Their manufacturing facility is situated in the Maharashtra village of Patgaon, close to Murbad.The existing promoter and technocrat of S&C, V Sundararajan, will keep a share in the business and be instrumental in helping KPCL expand its activities. With the help of the acquisition, KPCL hopes to strengthen its position and increase its presence in related market sectors. Subject to closing adjustments and due diligence, the transaction is anticipated to be completed in the upcoming three months.According to a statement from KPCL, this acquisition is a big step in strengthening its market position and expanding the range of products it offers in the industrial refrigeration space.  

Paytm and Zomato are in talks to buy each other's movie and ticketing businesses.

Zomato and Paytm are in negotiations to buy the movie and ticketing businesses, with an emphasis on growing the entertainment market.According to reports, Zomato is in negotiations to buy Paytm's movie and ticketing division. Paytm is a fintech player. This occurs when the fintech company is concentrating on its primary lines of business, which include financial services and payments. The leading meal delivery company is simultaneously trying to capitalize on the expanding demand from customers for entertainment and going out.Zomato disclosed in a BSE filing that it is in talks with Paytm to buy its movie and ticketing division. As per the company's declared strategy of concentrating solely on its four primary operations at now, the aforementioned conversation aims to enhance its Going-out division, according to the meal delivery service. The business has been investing more in its events division. Zomato Entertainment, which specializes in selecting and offering tickets for events including concerts, parties, and festivals, is receiving an investment of Rs ₹100 crore from it.Additionally, it is investing ₹300 crore in its rapid commerce division, Blinkit.  

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NCLT authorizes the merger of Vistara and Air India.

On Thursday, the National Company Law Tribunal (NCLT) approved the merger of Vistara and Air India.The airlines intend to finish the integration by the end of December, but NCLT has given them an extra nine months to do so, provided they secure all the required licenses from the civil aviation ministry, including security clearances and approvals for foreign direct investment.Plans to unite Singapore Airlines (SIA) and Tata Sons were announced in November 2022. SIA would invest ₹2,059 crore in Air India as part of the merger deal. Following the consolidation, SIA will own 25.1% of Air India's shares. The parties' original goal was to close the deal by March 2024.Plans to unite Singapore Airlines (SIA) and Tata Sons were announced in November 2022. SIA would invest ₹2,059 crore in Air India as part of the merger deal. Following the consolidation, SIA will own 25.1% of Air India's shares. The parties' original goal was to close the deal by March 2024.By the end of this year, Air India hopes to finalize its merger with Vistara. The National Company Law Tribunal (NCLT) Chandigarh branch has finally approved the merger, which was first announced in November 2022.  

Nazara Technologies' stock rises 6.22% following the acquisition of a US-based SoapCentral.com

Shares of Nazara Technologies Limited increased by 6.22% following the company's announcement of an expansion through Absolute Sports, a subsidiary. To buy all of the assets of the US-based entertainment content website SoapCentral.com, the subsidiary signed an asset acquisition agreement.According to the corporation, Dan J. Kroll created SoapCentral.Com in 1995, and it quickly became known as a US source of entertainment information, drawing in over 400K monthly visitors. Through this acquisition, the business hopes to strengthen Soap Central for US consumers by utilizing its experience with content scalability and operational techniques."We are thrilled to announce our expansion in the entertainment segment with the acquisition of Soap Central," stated Absolute Sports CEO Ajay Pratap Singh. We have a huge opportunity to expand into other content categories because the entertainment publishing market is more than twice as large as the sports publishing industry (Similarweb, 2024). We acquired Pro Football Network last year to test our hyper-growth and content publication strategies, and we are certain that we can scale Soap Central quickly.  

"Nazara Technologies' stock rises 6.22% following the acquisition of a US-based SoapCentral.com "

Shares of Nazara Technologies Limited increased by 6.22% following the company's announcement of an expansion through Absolute Sports, a subsidiary. To buy all of the assets of the US-based entertainment content website SoapCentral.com, the subsidiary signed an asset acquisition agreement.According to the corporation, Dan J. Kroll created SoapCentral.Com in 1995, and it quickly became known as a US source of entertainment information, drawing in over 400K monthly visitors. Through this acquisition, the business hopes to strengthen Soap Central for US consumers by utilizing its experience with content scalability and operational techniques."We are thrilled to announce our expansion in the entertainment segment with the acquisition of Soap Central," stated Absolute Sports CEO Ajay Pratap Singh. We have a huge opportunity to expand into other content categories because the entertainment publishing market is more than twice as large as the sports publishing industry (Similarweb, 2024). We acquired Pro Football Network last year to test our hyper-growth and content publication strategies, and we are certain that we can scale Soap Central quickly.  

Lear to Acquire WIP Industrial Automation Strategically in Order to Boost Automation and AI Capabilities

June 3, 2024, SOUTHFIELD, MI /PRNewswire/ -- A definitive agreement has been reached by Lear Corporation (NYSE: LEA), a leader in automotive technology globally for Seating and E-Systems, to acquire WIP Industrial Automation ("WIP"), a privately held systems integrator with headquarters in Spain that specializes in cutting-edge automation solutions for industrial applications. By the third quarter of 2024, the acquisition is anticipated to completion, subject to regulatory clearances and other standard closing conditions.With 25 years of automation experience, WIP has been a trusted Lear supplier. They develop, integrate, and implement state-of-the-art technology to offer bespoke automation solutions for manufacturing applications. WIP provides Lear with robust robotics and AI-based computer vision capabilities, which are critical for productivity, quality, and safety in a contemporary production setting. WIP puts Lear in a more advantageous operating position, enabling the business to more skillfully handle the macroeconomic difficulties of the present, like high wage inflation.This acquisition expands on Lear's previous successful integration of ASI Automation ("ASI"), Thagora Technology SRL ("Thagora"), and InTouch Automation ("InTouch"). It will be the company's newest strategic investment aimed at expanding its global automation and digital capabilities. Lear benefits from a broad range of automation solutions and technical knowledge covering all important aspects of the manufacturing process, thanks to the combined expertise of WIP, ASI, Thagora, and InTouch. This will spur innovation in the creation of next-generation automation technologies.Ray Scott, President and CEO of Lear, stated, "WIP brings valuable manufacturing engineering capabilities that are essential to advancing innovative automation solutions across our global operations." "This acquisition will help Lear achieve its long-term goal of improving our operational excellence and market leadership. We are ecstatic to have the WIP crew join the Lear family.  

The merger of equals between Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. has been approved by the shareholders.

SHIPPENSBURG, PA. and YORK, PA (CNN) — The parent companies of Orrstown Bank, Orrstown Financial Services, Inc. (NASDAQ: ORRF) and PeoplesBank, A Codorus Valley Company, Codorus Valley Bancorp, Inc. (NASDAQ: CVLY), each announced today that they had received shareholder approval for the previously announced merger of equals. The merger of Codorus Valley with and into Orrstown, with Orrstown as the surviving corporation (the "Merger"), the Agreement and Plan of Merger, dated as of December 12, 2023 (the "Merger Agreement"), by and between Orrstown and Codorus Valley, and the compensation payable to the named executive officers of Codorus Valley in connection with the merger were approved by the shareholders at a special meeting of shareholders held on May 30, 2024.The president and CEO of Orrstown, Thomas R. Quinn, Jr., stated, "The ratification of our merger by shareholders represents a significant step forward for our merger of equals. The deal was unanimously approved by the shareholder base of each company, which makes Craig and I proud. We anticipate that this will increase shareholder value and open up new prospects for our clients, staff, and communities. The vote today moves us one step closer to offering our esteemed clients better financial services, according to Craig L. Kauffman, President and CEO of Codorus Valley. I can't wait to begin developing our Pennsylvania and Maryland markets into the best community banking franchise. If the customary closing conditions are met, the merger and related transactions are anticipated to close in the third quarter of 2024.Concerning Orrstown A comprehensive range of consumer and business financial services is offered in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania; Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland; and Baltimore City, Maryland by Orrstown Financial Services, Inc. and its wholly owned subsidiary, Orrstown Bank. Along with neighboring counties in Pennsylvania and Maryland, Loudon County, Virginia, and Berkeley, Jefferson, and Morgan Counties, West Virginia, are also included in the company's lending region. Orrstown Bank is an Equal Housing Lender, and the FDIC insures all of its deposits up to the highest amount permitted by law. The common stock of Orrstown Financial Services, Inc. is traded with the ticker code "ORRF" on the NASDAQ Global Select Market.  

The Gately Report TD Synnex Partners Cybercriminals Use AI to Trick Them

Cybercriminals are using artificial intelligence (AI) to boost the likelihood of their attacks succeeding, posing a growing threat to TD Synnex partners.Ed Morales, worldwide vice president of security and high-growth business development at TD Synnex, says as much. He spoke with us at the TD Synnex Beyond Security event held in Boston last week.In order to boost development and profitability, TD Synnex presented at the conference how its portfolio of suppliers, which includes the cloud, artificial intelligence, and security, can assist partners in pursuing these high-growth technologies.Morales stated, "You have to be able to defend against those threats because the bad actors are leveraging AI." Additionally, we've observed that AI is widely used in many of the technologies that some of our vendors are implementing. It's quite remarkable. It aims to always be one step ahead.Equipping TD Synnex Partners: According to Morales, many TD Synnex partners may be knowledgeable about network security or more basic security, but they may not be aware of the AI advances that suppliers have incorporated into their products. "There's a convergence now that we're trying to take to market AI around cloud and security, so we've got to be able to be a step ahead of what's happening in the technology market and the environment. And that's not just a North American statement, that is global. One really great thing about this is that our job is to make sure that we curate all of what the vendors are providing and then provide that information to our customers at scale," he said.  

OnePlus Open 2 with Snapdragon 8 Gen 4 SoC is expected to launch in Q1 2025.

The company's first folding smartphone, the OnePlus Open, debuted last year with triple back cameras bearing the Hasselblad name and a high-resolution cover display (Read our Review). There are already rumors that a foldable's replacement is in the works. Thanks to a tipster, we now know some additional information regarding the impending foldable. The OnePlus Open 2, which may be a repackaged Oppo Find N5, is rumored to operate on the unreleased Snapdragon 8 Gen 4 SoC.A well-known Weibo tipster named Digital Chat Station (whose username is translated from Chinese) stated that the OnePlus Open 2 is expected to launch in 2025's first quarter. It is rumored to be powered by Qualcomm's upcoming Snapdragon 8 Gen 4 SoC. In October of this year, Qualcomm is anticipated to introduce the chipset.The anticipated OnePlus Open replacement is expected to include a slim design, a high-resolution cover screen, an updated hinge to minimize weight, and a "ultra-flat" inside screen. It is probably going to be slim, and it might keep the OnePlus Open's periscope camera. It is very likely to launch as the Oppo Find N5, rebranded. The Find N3 was rebranded as the predecessor.In October 2023, the OnePlus Open made its debut in India, retailing for Rs. 1,39,999 for the 16GB RAM + 512GB storage model alone. It sports a 6.31-inch (1,116x2,484 pixels) 2K LTPO 3.0 Super Fluid AMOLED cover screen and a 7.82-inch (2,268x2,440 pixels) 2K Flexi-fluid LTPO 3.0 AMOLED inner display. It is powered by a Snapdragon 8 Gen 2 SoC and has 16GB of LPDDR5x RAM.The Hasselblad-branded triple rear camera arrangement on the OnePlus Open is powered by a 48-megapixel primary camera. Its two front cameras include a 32-megapixel secondary camera and a 20-megapixel primary selfie camera. The 4,800mAh battery within the foldable allows for 67W SuperVOOC charging.    

Zee wants Sony to pay a $90 million termination fee.

Zee Entertainment said on Thursday that in order to terminate the $10 billion media pact, it has requested that Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the India media division of Sony Group Corporation pay a termination fee of $90 million.sixteen hours beforeZee Entertainment announced on Thursday that it has demanded payment of a termination fee of $90 million from Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the India media business of Sony Group Corporation in order to end the $10 billion media contract.sixteen hours prior toZee Entertainment said on Thursday that in order to terminate the $10 billion media contract, it has demanded payment of a termination fee of $90 million from Bangla Entertainment Pvt. Ltd. (BEPL), Culver Max Entertainment, and the Sony Group Corporation's India media unit.sixteen hours before  

Price and Features of Microsoft Surface Pro 11 and Surface Laptop 7, the companys first Copilot+ PCs, were introduced.

Monday, May 20, Microsoft held an event to announce the Surface Pro 11 and Surface Laptop 7 to the general public. These gadgets come after the tech giant's Surface Pro 10 and Surface Laptop 6, which were unveiled in March of this year and are geared at business. The Windows manufacturer incorporates artificial intelligence (AI) capabilities into the consumer-oriented machines, which also become the company's first Copilot+ PCs. Interestingly, the Snapdragon X series chipsets from Qualcomm power these PCs rather than the Intel Core Ultra chipsets used in the Surface devices targeted for corporate users. Pricing and availability of the Microsoft Surface Pro 11 and Surface Laptop 7 The Microsoft Surface Pro 11 with an LCD panel and 16GB RAM and 256GB SSD built-in storage starts at $999, or around Rs. 83,000. This version has the Qualcomm Snapdragon X Plus chipset installed. Similar to this, the 13.8-inch display model of the Microsoft Surface Laptop 7 with a Snapdragon X Plus CPU, 16GB RAM, and 256GB SSD internal storage starts at $999 (about Rs. 83,000). There will be four gadget colors available: Black, Sapphire, Platinum, and Dune. Starting on June 18, both Surface models will be available for purchase. Anyone interested can place a preorder right now on the Microsoft website.