Oracle co-founder Larry Ellison has stepped in to personally guarantee more than $40bn in financing for Paramount Skydance’s hostile $78bn bid for Warner Bros. Discovery. The move follows open scepticism from WBD’s board over whether the offer was fully funded and capable of closing. By putting his own wealth on the line, Ellison aims to…
CHANDIGARH: Punjab and Haryana high court has ruled that the authority vested in a criminal court to impose the condition of ‘deposit of passport’ ought not to be exercised in a “rote or automatic manner”, and such bail conditions must not unduly curtail personal liberty.HC was of the view that the condition for depositing one’s…
BOKARO: In a shocking incident, two men allegedly poured hot oil over a woman when she resisted their attempt to molest her at Ledha village in Jharkhand’s Giridih district Sunday. The woman suffered severe injuries and has been admitted to sadar hospitals.“One accused, Uday Choudhary, has been arrested, and efforts are on to arrest the…
It’s the digital asset treasury bubble in reverse as companies once hellbent on accumulating crypto on their balance sheets turn to digital asset sales in an effort to either prop plunging stock prices or reduce outstanding debt. ETHZilla (ETHZ), a Nasdaq-listed firm focused on building a reserve of the second-largest cryptocurrency, ether ETH$2,982.90, late Friday…
MUMBAI: From solar parks in the desert to wind farms along the coast, India’s clean energy transition is attracting a growing queue of global capital. Copenhagen-based AP Moller Capital is making its first private equity investment in India, backing a new renewable energy platform that will develop 900 MW of clean energy capacity. While this…
NEW DELHI: Gross FDI flows into India rose 15.4% to $58.3 billion during April-Oct, while net inflows almost doubled due to lower disinvestment and repatriation. RBI data estimated gross inflows to be 8.8% lower at $6.5 billion in Oct. Recent weeks have seen a spate of announcements, including by Google, Microsoft and Amazon, besides acquisitions…
NEW DELHI: BJP on Monday dismissed Sonia Gandhi’s criticism of MGNREGA’s rollback as a flight of her “political fancy”, asserting that the VB-G RAM G law is not a demolition of the UPA-era Act but a repair job aimed at renewal and expansion of social protection in an India in the throes of change.BJP’s IT…
NEW DELHI: India will soon start discussing terms of reference (ToR) for a proposed free trade agreement (FTA) with Canada, commerce and industry minister Piyush Goyal said on Monday. The ToR will define the scope and structure of the negotiations and is first formal step towards reviving talks that were paused by Canada in 2023….
MUMBAI: High-frequency indicators in Nov show activity is holding up and demand is robust, even though headline CPI inflation edged up, but stayed below the lower tolerance level.RBI’s state of the economy report, published on Monday, said “benign inflation during the month kept input cost pressures low for firms”, hence “limiting hikes to selling prices…
MUMBAI: RBI sold a net $11.9 billion in Oct 2025 to support the rupee, reinforcing its role as the stabilising force in the currency market. Data from RBI’s Dec bulletin shows that the central bank stayed active across both spot and forward markets through FY25 to reduce volatility and keep market conditions orderly.In the spot,…
