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…
Global financial markets are preparing for heightened volatility after the United States and Israel carried out strikes on Iran, triggering fears of wider conflict in the Middle East and potential disruptions to global energy supplies, Reuters reported. Tehran retaliated by launching missiles towards Israel, intensifying concerns among investors and oil producers across the region.President Donald…
Photo credit- PTI Prime Minister Narendra Modi inaugurated Micron Technology’s semiconductor facility at Sanand in Gujarat, asserting that India is now expanding its global identity beyond software into hardware manufacturing as it seeks a larger role in the global semiconductor value chain.The US-based company’s ATMP (Assembly, Testing, Marking and Packaging) plant, the first such facility…
NEW DELHI: The military strikes on Saturday put the spotlight on the Strait of Hormuz, a critical global shipping route for India and other Asian countries, prompting officials here to activate contingency plans to safeguard energy supplies, reports Atul Mathur.While keeping a close watch on the unfolding situation, they also have an eye on crude…
NEW DELHI: The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) is likely to recommend 8.2-8.25% interest rate for its 31 crore members this year, in the wake of the ebbing stock markets and bond yields, combined with higher settlements of claims. The retirement savings body paid 8.25% last year. In…
File photo: Union finance minister Nirmala Sitharaman Mumbai: Finance minister Nirmala Sitharaman on Saturday said she would look into allegations of overreach by GST authorities after businessman TV Mohandas Pai raised concerns over the arrest of Fino Payments Bank MD & CEO Rishi Gupta in a Rs 3,000 crore GST evasion case.In a post on…
NEW DELHI: The Ministry of Civil Aviation (MoCA) said that more than 410 flights operated by domestic carriers were cancelled on Saturday and around 444 flights are expected to be cancelled on Sunday as airspace restrictions continue over Iran and parts of the Middle East. In a post on X, the ministry stated: “Due to…
Sergio Gor (File photo) India’s role in the global semiconductor supply chain is “essential” as other countries in the neighbourhood seek to dominate legacy chip production, US Ambassador to India Sergio Gor said on Saturday at the inauguration of Micron Technology’s semiconductor facility in Sanand, Gujarat.Speaking at the event where Prime Minister Narendra Modi inaugurated…
UAE Food Stock Update: Are Supermarkets Running Out Amid Iran–US-Israel Tensions? Amid escalating geopolitical tensions in West Asia, including recent missile exchanges involving Iran, the United States and Israel that rattled Gulf cities and triggered regional alerts, the United Arab Emirates has reassured the public that its markets remain stable and strategic food reserves are…
