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Paramount paused its $111 billion Warner Bros. merger to fast-track a court trial as states challenge the deal over competition concerns and antitrust issues. (REUTERS/Dado Ruvic/Illustration/File Photo/File Photo) (REUTERS)
Posted in Business

Why Paramount paused its $111 billion Warner Bros. Discovery merger deal

Paramount has agreed to temporarily pause its $111 billion merger with Warner Bros. Discovery because it wants to move directly to a full court trial…

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Image for Nvidia to invest $5 billion in Ilya Sutskever's AI startup
Posted in Startups

Nvidia to invest $5 billion in Ilya Sutskever’s AI startup

Synopsis The two ⁠companies announced ‌the deal ​Monday ​morning without disclosing ⁠financial terms. The funding will boost ​SSI’s available computing resources, ​the companies said. The…

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Posted in Economy

GST panel may consider allowing transfer of unused tax credit within corporate groups

New Delhi: A key panel under the goods and services tax (GST) council is likely to consider suggestions from the industry on transfer of unutilised…

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Poor Rains Push Farmers Towards Low-Water Crops
Posted in Economy

Erratic monsoon pushes farmers towards low-water crops, vegetables

New Delhi: Erratic and below-normal rainfall is reshaping India’s kharif sowing pattern. While acreage under staples such as tur, soybean, maize and millets has declined,…

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Finance Ministry imposes anti-dumping duty on low ash met coke
Posted in Economy

Finance Ministry imposes anti-dumping duty on low ash met coke

New Delhi: The finance ministry has imposed an anti-dumping duty of $42.95 to $128.83 per tonne on import of low ash metallurgical coke. This levy…

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Microsoft, Meta and Amazon earnings could test the S&P 500 as investors watch AI spending (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Will AI spending sink the S&P 500? Microsoft, Meta and Amazon earnings hold the answer

The S&P 500 could face a big drop this week if Microsoft, Amazon, and Meta report huge AI spending that shows no signs of slowing…

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Posted in Economy

Govt approves RBI’s trials of ₹10, ₹20 polymer notes; no plan to replace paper currency

The Centre has approved the Reserve Bank of India’s proposal to introduce polymer banknotes in ₹10 and ₹20 denominations for field trials, but said there…

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Sam Altman warns AI monopolies are "very bad" as Satya Nadella says trust, open ecosystems and US AI leadership will help beat Chinese AI competition. (Pexel/Representative image) (Pexel)
Posted in Business

Sam Altman warns against ‘very bad’ AI monopolies as Satya Nadella makes big statement

Microsoft CEO Satya Nadella said trust in US AI technology and a strong technology ecosystem will help American AI companies stay ahead of Chinese rivals….

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Cracker Barrel stock fell after CEO Julie Masino stepped down. Former Bloomin' Brands chief David Deno takes over as the restaurant chain faces sales challenges. (AP Photo/Ted Shaffrey, File) (AP Photo/Ted Shaffrey)
Posted in Business

Cracker Barrel stock falls after David Deno replaces Julie Masino as CEO

Cracker Barrel’s stock fell more than 3% after the company announced an unexpected leadership change, with CEO Julie Masino stepping down and former Bloomin’ Brands…

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Delhi HC restrains Unity SFB share capital move in BharatPe dispute
Posted in Startups

Delhi HC restrains Unity SFB share capital move in BharatPe dispute

The Delhi High Court has granted interim relief to BharatPe by restraining Unity Small Finance Bank from taking up a board proposal to increase its…

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