Economy News ( English version)

Larry Ellison has pledged $40.4 billion to support Paramount and Skydance in their bid to acquire Warner Bros. assets, countering Netflix's offer. Following the news, Warner Bros. shares rose nearly 4% and Paramount's by about 3%. Take a look at Oracle co-founder's net worth.

Ambuja Cements has approved the merger of ACC and Orient Cement to create a unified cement platform. This aims to enhance efficiencies, streamline operations, and optimise costs.

Chennai's Agnikul Cosmos seeks to launch 100 reusable rockets in five years, targeting profitability in two years. With $17 million in recent funding, the company is preparing for its first commercial launch and aims to differentiate itself in the small rocket sector.

Employees affected are expected to exit beginning early next year, with Telefonica projecting a positive impact on cash generation from 2026 itself.

Larry Ellison has agreed to personally guarantee $40.4 billion in equity financing for Paramount Skydance's all-cash offer for Warner Bros Discovery. Warner Bros shares rose 2.5% and Paramount Skydance shares climbed 1.6% as competition for media assets intensifies.

In November, India's core sector demonstrated resilience with a 1.8 percent increase in output. The remarkable rise is largely attributed to robust gains in the steel and cement industries, driven by an ambitious agenda for infrastructure enhancement in both roadways and housing projects.

Leading tax firms are launching tailor-made generative AI solutions for tax and regulatory functions, catering not just to large corporations but also to mid-sized and smaller enterprises which are fast, accurate and capable of proactively identifying risks, responding to tax notices and managing litigation before disputes escalate.

Of the four public sector general insurers, only listed New India Assurance is profitable while National Insurance, United India Insurance and Oriental Insurance remain loss-making despite a marginal turnaround.

India and New Zealand have finalized a free trade agreement. New Zealand exports will gain duty-free access to India. Key items like sheep meat and wool will become cheaper. Agricultural products such as apples and kiwifruit will see duty reductions with specific limits. This pact aims to boost trade and manufacturing in India. Implementation is expected in […]

India's economy shows resilience. The Reserve Bank of India's bulletin highlights strong domestic demand in October and November. This boost came from GST rationalisation and festive season spending. Rural demand remains robust. Urban demand is also steadily recovering. High-frequency indicators suggest economic activity is holding up in the third […]