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…
MUMBAI: RBI has granted in-principle approval for Fino Payments Bank to convert into a small finance bank, allowing it to enter lending, widen its product suite and build a stronger liability franchise while continuing current operations until final clearance. It is the RBI’s first such approval for any payments bank. Fino said it is reworking…
MUMBAI: RBI’s plans to add nearly Rs 1.5 lakh crore to money markets will provide temporary relief but that may not be enough, analysts say. Further action could be required in the fourth quarter of the current fiscal, they said. If the rupee remains under pressure, RBI may need to use its reserves to limit…
NEW DELHI: The online money gaming industry may be crippled after the govt’s ban on their operations, but Korean esports major Krafton — the maker of the popular Battlegrounds Mobile India (BGMI) game — is doubling down on India. The company is lining up investments of around $200 million (around Rs 1,800 crore) for the…
CEO and billionaire Elon Musk denied news reports that his rocket and satellite maker SpaceX is seeking a $800 billion valuation through a share sale.“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,” Musk said in a post Saturday on his social media platform X. “SpaceX…
India’s power distribution companies need to move faster towards intelligent, reliable and consumer-focused networks, with technology adoption paired with greater consumer engagement, Power Minister Manohar Lal Khattar said on Sunday.Addressing a two-day National Conference on the use of artificial intelligence and machine learning in the power distribution sector at Bharat Mandapam in New Delhi, Khattar…
The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…
Global cues are likely to take centre stage for Indian equities in the coming week, with investors bracing for the US Federal Reserve’s interest rate decision and closely tracking foreign institutional investor (FII) activity for direction, PTI reported.Analysts said domestic markets, which ended last week largely flat, are expected to react to a mix of…
A visiting European Union delegation will meet commerce and industry minister Piyush Goyal on Monday to review progress in negotiations on the proposed India-EU free trade agreement (FTA), as both sides push to conclude talks within a year-end deadline, an official told PTI.The meeting comes amid efforts to narrow differences in critical areas covering both…
Aadhaar-based verification is set to move further away from paper trails, with the Unique Identification Authority of India (UIDAI) preparing to notify a new rule mandating registration of entities that seek offline Aadhaar verification, reported PTIThe proposed rule aims to discourage practices such as hotels, event organisers and similar entities collecting photocopies of Aadhaar cards…
