Two decades after debuting with a box office failure that drew harsh reviews, Skydance Productions is now poised to become one of the most powerful forces in global entertainment, with a proposed takeover of Warner Bros. Discovery marking the latest chapter in its dramatic rise, according to news agency AP report.Founded in 2006 by David…
Greg Abel, Warren Buffett’s chosen successor at Berkshire Hathaway, has issued his first annual letter to shareholders after taking over as chief executive in January, outlining his leadership approach while reaffirming continuity at the conglomerate, AP reported.The letter comes as Berkshire recorded a $4.5 billion write-down related to the value of its investments in Kraft…
The Nifty IT index plunged 19.5% in February, marking its steepest monthly decline in 17 years, as mounting fears of artificial intelligence-led disruption triggered heavy selling across technology services stocks.The fall is the sharpest since September 2008, when the index had dropped nearly 21% during the global financial crisis. The index declined in 12 of…
Israel-US strikes on Iran hit air travel from India: The Ministry of Civil Aviation (MoCA) has assessed aviation readiness in response to the developing situation in the Middle East and its possible implications for international flight operations. The Civil Aviation Minister conducted a detailed review of preparedness and response arrangements in coordination with all relevant…
OPEC+ could consider raising oil output more than previously planned when key producers meet on Sunday, as Gulf exporters move to cushion markets from potential supply disruptions after US-Israeli strikes on Iran, Reuters reported, citing two sources close to the talks.Eight members of the oil alliance — Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq,…
Escalating tensions between Israel and Iran are set to test investor nerves at the start of the week, with Indian equities likely to open sharply lower amid a risk-off mood across global markets.The nervousness follows Israel’s preemptive strikes on Iran after nuclear deal talks with the US failed to yield a breakthrough. President Donald Trump…
As March begins, investors and traders in India’s equities market are advised to carefully plan their schedules around the upcoming public holidays. Trading on the equities segment takes place on all weekdays, with the exception of Saturdays, Sundays, and those holidays that have been officially declared in advance by the Exchange. Being aware of these…
Customers planning to visit bank branches this week, should check holiday schedules beforehand to avoid any inconvenience. Banks in India observe a mix of national and state-specific holidays, so closure dates may vary depending on the region. Several banks will be closed this week for festivals and state observances. In addition, branches will remain closed…
US President Donald Trump US President Donald Trump’s administration is seeking to delay legal proceedings related to tariff refunds, a week after the Supreme Court struck down his sweeping global duties, according to a court filing on Friday.The Supreme Court’s ruling marked a major setback for Trump’s signature economic policy and opened the door to…
India and the European Union are preparing to grant each other Most Favoured Nation (MFN) status once their landmark free trade agreement comes into force. The move, embedded within the draft text of the agreement, will bind both sides to World Trade Organization (WTO) disciplines and ensure they do not impose new import or export…
