Entertainment giant Warner Bros Discovery’s board has reportedly turned down a nearly $60 billion takeover offer from Paramount Skydance, a source told Reuters on Tuesday (local time). The company also announced that it will now look at other options for a possible sale.The board had rejected a mostly cash offer of around $24 per share…
Representative Image (AI) Amid an escalating tariff war with Beijing, US President Donald Trump on Tuesday said he wants to be “nice” to China but claimed that the country has been “very rough” with the United States over the years because America “never had smart presidents from a business standpoint.”The 79-year-old businessman-turned-president made the remarks…
Repriced and repacked! Your biscuit, shampoo and water bottles will now be bigger!Remember when a Rs 5 Parle-G pack or a Rs 20 Bisleri bottle felt like such a steal, giving you more than you expected?Those days could soon be back as FMCG companies are planning to bring back these familiar price points by mid-November,…
Asian equities slipped on Wednesday as investors took a step back following recent gains, while gold and silver tumbled for a second straight day, halting their recent rally. The pullback came after US President Donald Trump suggested that a planned meeting with Chinese President Xi Jinping might not go ahead. Markets in Hong Kong, Shanghai,…
As Diwali celebrations continue across the country, many people are wondering whether banks are open or closed today, on October 22. The festival of lights is not limited to a single day, it stretches over nearly five days in several states, with each day marking a unique cultural and religious significance. This year, the festive…
NEW DELHI: India’s domestic car industry may be counting on govt’s GST cuts to manage a growth in volumes, but exports are turning out to be quite a happy hunting ground for the passenger vehicles industry which has registered a near 20% jump in the first half of this fiscal, shipping a variety of vehicles…
US President Donald Trump claimed on Tuesday again that India was not going to buy “much oil from Russia.” His claims were based on a conversation he had with Prime Minister Narendra Modi amid Diwali celebrations at the White House.“I spoke to Prime Minister Modi today and we just have a very good relationship. He’s…
BENGALURU: The Trump administration’s decision to exempt those who are already in the US, including foreign students, from the $100,000 H-1B visa fee is a big win for US companies hiring such talent. Many of these are technology companies, for whom immigrant student talent has proved valuable.For Indian IT services companies, the decision may be…
Rare earth elements or REEs have made their way as the new strategic assets, emerging as the ‘new oil’ of the 21st century, as countries race towards cleaner energy. REEs are a set of 17 metals vital for their use in a range of devices like electric vehicles, wind turbines, smartphones and defense systems.“Invisible to…
India saw a drop in foreign direct investment (FDI) in August, with gross inflows standing at $6 billion, down from a four-year high of $11.11 billion in July. Meanwhile, foreign companies increased repatriation by 30% month-on-month to $4.9 billion. As a result, net FDI for August turned negative for the first time in this fiscal…