Netflix–Warner Bros deal: Trump concerned over OTT giant’s ‘large market share’; asserts he will be ‘involved’

US President Donald Trump on Sunday raised concerns about the recent Hollywood deal that shook up the media landscape, Netflix acquisition of Warner Bros. The US president, speaking to the media while arriving for the Kennedy Center Honors awards ceremony on Sunday, said that the proposed multi-billion-dollar acquisition raised concerns about market dominance. The streaming…

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Wakefit Innovations IPO coming: Steadview Cap, WhiteOak, Capital 2B pour in Rs 186 cr; listing expected on December 15

Wakefit Innovations Ltd has raised Rs 186 crore ahead of its initial public offering, with Steadview Capital, WhiteOak Capital and Temasek-backed Capital 2B collectively buying shares through secondary transactions before the public issue opens.As disclosed in a public announcement, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B acquired a combined 95.57 lakh equity shares at…

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AceVector IPO: SoftBank-backed Snapdeal parent refiles draft papers with Sebi; plans Rs 300 crore fresh issue

SoftBank-backed digital commerce ecosystem AceVector Ltd has filed updated draft red herring prospectus (UDRHP) with markets regulator Sebi for its proposed initial public offering, which includes a fresh issue of shares worth Rs 300 crore, according to PTI.The IPO will also feature an offer for sale (OFS) of 6.38 crore shares by existing shareholders. Promoter…

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Paint sector watch: Companies expect Q3 volume pickup on better margins; pricing pressure persists

Leading paint companies are turning cautiously optimistic about the December quarter, expecting a recovery in volumes and margins after a rain-disrupted first half, even as competition in the sector remains intense.Executives from Asian Paints, Kansai Nerolac, Berger Paints and AkzoNobel India said recent trends point to a demand revival from September, with benign raw material…

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