Warner Bros. Discovery and Netflix Said to Be in Exclusive Talks
Netflix would acquire Warner television and film studios as well as HBO Max in a deal that would bulk up the world’s biggest paid streaming service. Source link
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MPC meet: Low inflation, high growth – why did RBI still cut repo rate? Sanjay Malhotra explains
Inflation at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26 present a rare goldilocks period, said RBI. RBI monetary policy: The Reserve Bank of India (RBI) decided to cut the repo rate by 25 basis points to 5.25% in the December meeting of the Monetary Policy Committee (MPC). While most…
Asian stocks today: Markets trade mixed ahead of US economic data; Kospi nears 1% gains, Nikkei sheds 700 points
Asian stocks traded mixed on Friday, following a muted pattern on Wall Street as the latest US economic data left investors with little clarity about Federal Reserve’s plans for interest rate cuts nex week.Hong Kong’s HSI was down 63 points or 0.24% reaching 25,872. Nikkei also trimmed its gains, falling 702 points to trade at…
Stock market today: Nifty50 opens above 26,000; BSE Sensex flat
Market experts anticipate a period of sideways movement. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade ahead of the RBI policy. While Nifty50 was above 26,000, BSE Sensex was around 85,250. At 9:18 AM, Nifty50 was trading at 26,037.90, up 4 points or 0.016%. BSE…
Banks lost long-term value in foreign stake sales: Kotak CEO
Ashok Vaswani, MD & CEO, Kotak Mahindra Bank MUMBAI: Kotak Bank chief executive Ashok Vaswani said large banks that sold stakes in their financial-services subsidiaries to foreign investors lost considerable long-term value, arguing that full ownership of such businesses is a strategic advantage.Speaking at a media gathering on Wed, Vaswani urged reporters to “go and…
E-motorcycle company Ultraviolette raises $45 milion
BENGALURU: Electric motorcycle maker Ultraviolette raised $45 million in fresh growth capital from Zoho Corporation and European investment firm Lingotto as part of its ongoing series E round. The company said the funding will be used to scale production and sales of its flagship F77 electric sportbike and the new X-47 crossover, as well as…
Top Russian lender Sberbank looks to ramp up its India ops
CEO & chairman of the executive board Herman Gref with Putin (AP photo) NEW DELHI: Sberbank, Russia’s largest lender, is looking to ramp up its operations in the country, opening up to 10 branches, investing surplus rupees from bilateral currency trade in Indian govt bonds and getting Russian investors to park funds in Nifty stocks.“We…
Stellantis Is in Default for Moving Jeep Production to U.S., Canada Says
The automaker switched production from Ontario in a bid to please President Trump. But the company defaulted on contracts covering hundreds of millions of dollars in assistance, Canada said. Source link
‘Been in works for long time’: Prada seals $1.51 billion Versace deal; Lorenzo Bertelli takes over as executive chairman
CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada founders Miuccia Prada and Patrizio Bertelli, is set to assume…
How to Ski: A Beginner’s Guide
What to know about gear, ski passes, classes and more. Source link