Warner Bros has asked its shareholders to reject a hostile takeover bid from Paramount Skydance, saying a rival offer from Netflix would be better for customers and aligns with the board’s fiduciary responsibilities, AP reported.In a letter to investors issued on Wednesday, Warner Bros said its board had reviewed Paramount Skydance’s “unsolicited tender offer” with…
Labour and employement ministry has detailed a compliance checklist for employers in order to tighten accountability and minimise legal disputes. The ministry has listed almost two dozen requirements under the four labour codes: the Code on Wages, the Code on Social Security, the Industrial Relations Code and the Occupational Safety, Health and Working Conditions Code….
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NEW DELHI: The finance ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale.Government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India…
Realty firm Embassy Developments Ltd.’s sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments’ Managing Director Aditya Virwani noted that the company’s business activities have now gathered pace after the takeover of Indiabulls Real Estate. “We…
NEW DELHI: GST collections rose 6.1% to Rs 1,74,550 crore, driven by a surge in levies on imports. The numbers, that do not include compensation cess, which has been withdrawn for all goods barring tobacco and pan masala, provide confidence to govt that the mop up (for sales in Nov) has increased despite an overhaul…
NEW DELHI: India on Friday denied reports that it was holding off bilateral engagement or delaying a trade deal with the United States, saying discussions between the two countries are continuing for a “mutually beneficial agreement.” “We have noted a media report regarding ongoing trade talks with the US. It is denied that there is…
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NEW DELHI: Home minister Amit Shah will on Friday virtually inaugurate the National IED Data Management System (NIDMS) — a platform for storing, collating and disseminating improvised explosive device-related data for use in post-blast investigations and analytics — at the National Security Guard (NSG) Garrison in Manesar near Gurugram. “NIDMS is a secure, national-level digital…
Khaby Lame, the world’s biggest TikToker, partnered with Rich Sparkle Holdings Ltd. to transform his 360 million social-media followers into a commercial venture. The $975 million deal gives the Nasdaq-listed financial services firm 36 months of exclusive global rights to Lame’s brand, moving him from influencer to “equity-backed creator,” according to a company statement. Lame has 160 million…
