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At a time when India is gearing up for the Olympics 2036 bid, sports industry garnered the spotlight in the Union Budget 2026-2027. The Centre has for the first time made an allocation of ₹500 crore dedicated to promotion of sports goods manufacturing, while also hiking the overall budget allocation for the Sports and Youth […]
Warner Bros. Discovery Inc. is expected to Paramount Skydance’s hostile bid despite a $40-billion personal guarantee from billionaire Larry Ellison, CNBC reported on Tuesday. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) The decision could keep Warner Bros on […]
A prime 2.5-acre land parcel in South Mumbai’s Mahalaxmi locality has drawn a record-breaking bid of ₹2,251 crore for a 99-year-long lease by the Railway Land Development Authority (RLDA). According to real estate experts, this was the highest price ever offered for a 2.6-acre plot in the Mumbai real estate market, which can be considered […]
Netflix Inc. has refinanced part of a $59 billion bridge loan to support its potential acquisition of Warner Bros. Discovery Inc. While Netflix has the support of Warner Bros.’ board, it faces regulatory and political hurdles to get the acquisition over the line. (Reuters) The streaming giant secured a $5 billion revolving credit facility and […]
Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) After deliberating and […]
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 […]
Netflix has sweetened its offer for Warner Bros. Discovery in a second round of bids as it tries to outdo rival Paramount. Warner Bros. Studios The streamer on Monday made a primarily cash-based second offer for the entertainment and streaming assets of Warner Discovery and is working to secure tens of billions in financing to […]
Ahmedabad’s successful bid for the 2030 Commonwealth Games last week has renewed attention on GIFT (Gujarat International Finance Tec) City, a central business district in Gujarat’s Gandhinagar district. The idea to build an international financial centre on a greenfield site was conceived in 2007 by then Gujarat chief minister Narendra Modi. (Special arrangement) The idea […]
Shares of Jaiprakash Power Ventures surged on Wednesday amid reports that Adani Enterprises Ltd. has been chosen to acquire Jaiprakash Associates Ltd. under the insolvency process. Jaiprakash Power Ventures is part of the Jaypee Group led by Manoj Gaur. (HT) JP Power’s share price rose as much as 17.29% to ₹20.69 on the BSE even […]