The Times of India - Business (37 minutes ago)
The Reserve Bank of India cut the repo rate to 5.25% amid strong economic growth and exceptionally low inflation, a move hailed as exceptional by SBI Research. This decision, supported by a unanimous Monetary Policy Committee vote, aims to sustain India's economic momentum. The central bank anticipates continued growth and low inflation, though...
ReadCBC - Business (40 minutes ago)
The popular listening platform Spotify has dominated the streaming industry for years. But there have been recent calls to boycott the platform over controversies surrounding issues like artist compensation, its CEO and ICE ads. Are listeners finally fed up?
ReadCBC - Business (40 minutes ago)
Elon Musk's social media company X was fined 120 million euros ($193.3 million Cdn) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the U.S. government.
ReadCBC - Business (40 minutes ago)
Netflix has agreed to buy Warner Bros. Discovery's TV and film studios and streaming division for $72 billion US, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the media industry.
ReadThe Times of India - Business (2 hours ago)
SpaceX is reportedly seeking an $800 billion valuation in a new secondary share sale, potentially surpassing OpenAI as the US's most valuable private company. This move comes as the company weighs a potential IPO next year, fueled by the success of its Starlink service and its crucial role in government missions.
ReadThe Times of India - Business (4 hours ago)
Elon Musk denounced the EU's $140 million fine on X as "crazy" and "insane," criticizing the penalty for violating transparency rules under the Digital Services Act. Regulators cited deceptive design practices with the blue checkmark system and shortcomings in X's ad database. The ruling has drawn criticism from US officials who view it as an...
ReadThe Times of India - Business (12 hours ago)
Two and a half decades later, that humble mail-order start-up is preparing to buy the studio that helped build modern Hollywood itself. Netflix's planned acquisition of Warner Bros – the century-old home of Casablanca, Harry Potter, DC superheroes, The Lord of the Rings (via New Line), HBO and control of classics like The Wizard of Oz – for an...
ReadThe Times of India - Business (15 hours ago)
Sebi has proposed a significant overhaul of its Foreign Portfolio Investor (FPI) framework to simplify registrations and ease compliance for global investors. The move includes a unified rulebook and an abridged application option for related funds, aiming to enhance the ease of doing business in India.
ReadThe Times of India - Business (16 hours ago)
IndiGo CEO Pieter Elbers expects fewer than 1,000 flight cancellations on Saturday, with operations normalizing between December 10-15. The airline scrapped over 1,000 flights due to planning gaps in new Flight Duty Time Limitations (FDTL) norms, apologizing for the disruption. The DGCA has paused the FDTL rules, and a high-level inquiry is...
ReadThe Times of India - Business (16 hours ago)
India can boost its exports to Russia seven-fold, reaching $35 billion by 2030, by tapping into sectors like food, pharmaceuticals, and textiles. Currently, trade is heavily skewed towards oil imports, with exports lagging significantly. A key hurdle is the lack of a predictable payment system, hindering broader market access for Indian goods.
ReadThe Times of India - Business (16 hours ago)
Individuals with a net tax liability exceeding Rs 10,000 must pay advance tax in four installments, with specific exemptions for resident senior citizens without business income and salaried individuals whose tax is fully covered by TDS. Certain incomes like capital gains can be paid in the subsequent quarter after earning.
ReadThe Times of India - Business (17 hours ago)
When markets boom, wedding conversations shift to stock tips, fueling FOMO. Investors often chase recent gains, entering late and exiting during downturns, leading to lower actual returns. A disciplined approach, focusing on long-term goals and a small 'mad money' allocation for experiments, is key to navigating market hype.
ReadThe Times of India - Business (17 hours ago)
Prime Minister Modi and President Putin directed officials to expedite negotiations on a "mutually beneficial" investment agreement during their New Delhi summit. The leaders also emphasized expanding bilateral trade, particularly boosting India's exports to Russia, and deepening energy and transport corridor cooperation.
ReadThe Times of India - Business (17 hours ago)
Indian markets are inching towards record highs, mirroring a quiet week on Wall Street. Retailers like Ulta Beauty and Victoria's Secret are driving gains, while Netflix's acquisition news caused a dip. Investors are anticipating a Federal Reserve rate cut next week, aiming to bolster the job market despite inflation concerns. Global markets show...
ReadThe Times of India - Business (17 hours ago)
Amidst US sanctions on Russian oil majors, President Putin has assured India of consistent energy supplies, including oil, gas, and coal. This comes as India faces US pressure over its crude oil trade with Russia. Beyond fossil fuels, Russia is also deepening collaboration with India in nuclear energy, transport logistics, and advanced technology...
ReadThe Times of India - Business (18 hours ago)
IndiGo's parent company, InterGlobe Aviation, has seen its stock value plummet as a severe operational crisis leads to over 1,000 flight cancellations, stranding thousands. New pilot rest regulations are cited as the cause, with the airline expecting operations to normalize by mid-December. The disruption significantly impacts India's air travel...
ReadThe Hindu - Business (18 hours ago)
"Specialty fertilisers fall outside the Nutrient-Based Subsidy (NBS) scheme overseen by the Department of Fertilisers, and are thus unsubsidised; fertiliser companies are free to import these products based on market dynamics," says Minister of State for Fertilisers
ReadCBC - Business (19 hours ago)
Internet infrastructure company Cloudflare on Friday said it was investigating an outage that took place in the morning that brought down several global websites, including LinkedIn and Zoom, the second such crash to affect the company in less than three weeks.
ReadThe Times of India - Business (19 hours ago)
Home loan rates are poised to fall to Covid-era lows following a 25 basis point repo rate cut by the RBI. This move is expected to lower EMIs for borrowers, though banks may need to adjust deposit rates. Non-banking finance companies anticipate immediate benefits from reduced funding costs, aiding last-mile financiers and small businesses.
ReadThe Times of India - Business (19 hours ago)
India's foreign exchange reserves saw a dip of $1.877 billion, reaching $686.227 billion by November 28. This follows a larger decline in the prior week. While foreign currency assets decreased significantly, gold reserves experienced a notable increase of $1.613 billion. Special Drawing Rights and India's IMF position also saw modest gains.
ReadThe Times of India - Business (20 hours ago)
European Union regulators have fined Elon Musk's social media platform X 120 million euros. The penalty stems from violations of the bloc's Digital Services Act. Regulators cited issues with paid verification badges, ad transparency, and researcher access. These practices could expose users to scams and manipulation. The decision highlights the...
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