MERGER REQUEST
Wachtell, Nvidia's pick for Huang probe, built reputation in boardroom battles
The investigation will be led by Joon Kim, a former top federal prosecutor who joined Wachtell last month from a rival firm. Kim was second-in-command under former Manhattan US Attorney Preet Bharara during Democratic US President Barack Obama's administration.
Tech billionaires in Democrats’ crosshairs: Who could face congressional probes? Here’s the hit list
Elon Musk, Mark Zuckerberg, Jeff Bezos and other tech leaders could face congressional investigations as Democrats prepare to take control of Congress in 2027. Their scrutiny could focus on ties to Donald Trump, political influence, AI development, data center expansion and the industry's impact on American jobs and communities.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
The Democratic sweep, which included victories in traditional Republican strongholds and key data-center hubs Texas and Georgia, will usher in divided government in Washington and raises the prospect of greater congressional oversight of industries that benefited from Republican control.
AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections
AI data centre stocks declined while renewable energy and healthcare shares rallied after Democrats won control of Congress in the US midterm elections. Investors assessed the possibility of tighter AI oversight and continued clean energy support. Defence contractors and prison operators fell amid concerns over changing government spending and immigration policies.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
SpaceX-Tesla merger could give Musk control without Mars, robotaxi milestones
Elon Musk's compensation packages at SpaceX and Tesla are tied to ambitious goals involving Mars and robotics. Recent discussions on a merger may provide Musk with greater voting control at Tesla. The current arrangement at SpaceX gives Musk significant voting rights without needing to achieve specified goals. Analysts suggest that Musk's plans may be adjusted post-merger to align with new market conditions.
- Go To Page 1
8th Pay Commission: 6 key demands by Railway employee's body; better pay, merging of pay scales, hardship allowance and more
8th Pay Commission news: The All India Railwaymen's Federation has made significant recommendations to the 8th Pay Commission. Higher pay scales are proposed to match the Indian Railways' modernization efforts and working conditions. Special allowances have been requested due to the inherent risks and hardships faced by railway employees. The issues of female loco pilots and track maintainers have been highlighted for attention.
Noel Tata sends two letters over SPG's Rs 25,000 crore request and to evaluate merger options to avoid D-St listing
Noel Tata sends two letters to Tata Sons Board today: to examine a Rs 25,000 crore funding request from minority shareholder Shapoorji Pallonji (SP) Group through a proposed capital reduction and detailed evaluation of a restructuring proposal made by Sir Dorabji Tata Trust and Sir Ratan Tata Trust on September 28 to merge two operating subsidiaries, Tata Electronic Systems Solutions (TESS) and Tata Consulting Engineers (TCE), with Tata Sons.
US DOJ is inquiring about Nvidia's purchase of Hugging Face
The Justice Department's recent questioning covers Nvidia's acquisitions, investments, sales practices, and whether the chip designer has exerted pressure on its customers, the two people said.
Trump’s $10 billion BBC defamation lawsuit takes a dramatic turn as federal judge backs subpoena for Mar-a-Lago membership records, orders him to face deposition
President Trump’s $10 billion defamation lawsuit against the BBC is encountering increased legal scrutiny. A federal judge has raised concerns over the efforts made by Trump’s legal team to gather evidence. The court has ordered Trump to prepare for a deposition by December 11, in addition to supporting the BBC’s subpoena for Mar-a-Lago membership records. The lawsuit addresses claims regarding a BBC documentary that allegedly misrepresented Trump’s January 6 speech.
Global Market: Why China could complicate Musk’s Tesla-SpaceX merger plans
Elon Musk’s proposed Tesla–SpaceX merger faces potential regulatory hurdles in the US and China over national security, sensitive data and technology sharing. Tesla’s dependence on Chinese manufacturing and revenue complicates efforts to integrate SpaceX’s defence operations.
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
Elon Musk's public backing for SpaceX-Tesla tie-up sparks fears of shareholder scrutiny
Elon Musk's endorsement of a potential $3.5 trillion SpaceX and Tesla merger has sparked shareholder concerns. Insiders worry his comments may invite scrutiny, delaying the merger process. Musk cannot be involved in discussions due to potential conflicts of interest, indicating the influence of his prior dealings. Advisors are striving to ensure independent board oversight amid heightened investor scrutiny.
Musk ordered reduction in Starshield services for Ukraine: Report
Elon Musk imposed limitations on Starshield services for Ukraine, affecting their drone capabilities during the conflict. US Defense Secretary Pete Hegseth stated that no directives were issued regarding these changes. Relations between Washington and Kyiv have strained recently, particularly after criticism from the US toward Ukraine's actions. President Donald Trump denied requesting any restrictions on the communications system utilized by Ukraine.
HDFC Bank vs ICICI Bank: One has the growth, the other has the valuation edge. Which stock to buy?
ICICI Bank has outperformed HDFC Bank in 2026, supported by stronger deposits, loan growth and profitability. While ICICI commands a valuation premium, HDFC’s 28% stock decline has created a potential recovery opportunity. Brokerages see scope for HDFC’s margins to improve, but narrowing the growth and funding gap remains key.
Apple names insider Steve Smith as new M&A chief, memo shows
Perica, a more than 17-year veteran of Apple's M&A and corporate development function, also took oversight of iCloud, Fitness+ and News, among other businesses, in 2023, the memo written by services chief Eddy Cue said.
Apple names insider Steve Smith as new M&A chief, memo shows
Apple has appointed Steve Smith to head mergers and acquisitions, transitioning from Adrian Perica's previous role. Adrian Perica will now focus solely on the services division and report to Eddy Cue. The memo detailing the changes also mentioned Carson Oliver's promotion to vice president of the App Store. Apple continues to implement management shifts under the leadership of CEO John Ternus.
Warren Buffett calls out the worst accounting trick in corporate America, and the analysts who help it along
Every loan that Warren Buffett’s home business makes, it keeps. When the borrower stops paying, the loss is borne by his company rather than somebody who bought the paper years ago. Buffett contrasts that with how the last housing crisis was built, and then applies the same test to accounting, to executive pay, and to the numbers analysts repeat without checking. One question runs through all of it, and almost no annual report answers it.
Inside Hollywood's biggest plot twist: How Paramount closed $110 billion Warner Bros deal to create Skydance
Paramount Skydance finalized its acquisition of Warner Bros Discovery for $110 billion after a prolonged bidding war. Following the merger, shares of Skydance began trading on the New York Stock Exchange under the ticker 'SKYD'. The deal faced scrutiny and opposition from various Hollywood figures and state attorneys general concerned about job losses. Regulators permitted the transaction despite legal challenges, including lawsuits from the Writers Guild of America.
Paramount CEO Ellison asks CNN chief Thompson to stay after Warner Bros deal, source says
Paramount CEO David Ellison is negotiating with CNN CEO Mark Thompson to extend his contract and ensure editorial independence. Discussions have not yet finalized on the terms of Thompson's continued leadership. A new acquisition will merge CNN and CBS News under one ownership structure. Furthermore, Paramount must establish an independent board for maintaining editorial autonomy post-merger.
Zee escalates copyright fight against Reliance-Disney's JioStar
India's Zee Entertainment has initiated contempt proceedings against JioStar for violations of a court injunction. The injunction prohibits JioStar from using Zee's copyrighted music and content in its programming. Despite the court order, Zee claims JioStar continued to exploit this content after the injunction was issued. JioStar previously argued that any violations were unintentional and residual. The conflict reflects the growing competition for content rights in India's media landscape.
Paramount Skydance settles with 12 states, clearing hurdle to $110 billion Warner Bros deal
Paramount Skydance has settled with California and 11 other states that sued to block its proposed $110 billion acquisition of Warner Bros Discovery, removing a major US antitrust hurdle to the deal. Under the settlement, CNN and CBS would get independent editorial boards, while Paramount would face a $30 million penalty per film for falling short of its commitment to release 30 movies annually. The deal still faces remaining regulatory and closing steps, with Paramount also seeking to avoid a $7 million-a-day fee tied to delays beyond September 30.
JSW One plans to file Rs 3,000-crore IPO papers
Through the public issue, the JSW Group company is expected to raise Rs 1,300-1,500 crore in fresh capital, sources said. Backed by JSW Steel and JSW Cement, the company is targeting a listing in the first quarter of next fiscal 2028, the people said.
US drone maker Powerus signs Pakistan Army MOU, gets initial order
US drone maker Powerus has signed an MoU with the Pakistan Army that includes an initial order for unmanned aerial systems, co-founder Brett Velicovich told Reuters. The value and specific details of the order were not disclosed due to security and confidentiality concerns.
NPS risk labels: Will PFRDA’s new framework help subscribers make better choices
The unwieldy retirement scheme is becoming more organised through risk-based classification, standardised disclosures, uniform naming conventions, and consistent presentation.
8th Pay Commission news: Pensioners' body seeks clarity on pension revision from PM Modi
8th Pay Commission latest news: The Retired Employees Welfare Association is calling on the Prime Minister to revise the terms of the 8th Pay Commission. Its request includes the addition of pension revision clauses for retirees prior to January 1, 2026. It claims that the amendment is critical for alleviating confusion among 69 lakh pensioners, especially since earlier commissions explicitly detailed benefits for pensioners. Furthermore, various employee groups are backing this demand for clearer pension rules.
Singapore Airlines seeks greater influence, tighter governance terms before Air India funding: Report
Singapore Airlines seeks more management influence and governance rights for Air India. This comes as Air India requests significant capital infusion from its owners. Tata Sons has approved its share of the funding, while Singapore Airlines holds a minority stake. The Indian carrier's substantial losses are pressuring Singapore Airlines to justify its investment. Singapore Airlines will carefully evaluate any capital request considering business strategy and cash flow.
Indian origin tech entrepreneur to launch luxury travel concierge platform Vaultfy
Vatsal Desai is excited to introduce Vaultfy, an innovative luxury travel concierge platform, set to launch on September 17. This app will showcase an AI assistant named Alfred, designed to handle all user requests efficiently. Vaultfy's mission is to eliminate the need for traditional middlemen and provide better pricing through streamlined services. Users can choose monthly or annual subscriptions, with family packages in the pipeline.
Lok Sabha Speaker gives rebel TMC MP Sudip Bandyopadhyay time till Sept 22 to reply to disqualification plea
Lok Sabha Speaker Om Birla granted Sudip Bandyopadhyay an extension until September 22. This allows the rebel TMC MP time to file his reply to a disqualification petition. The petition was filed by TMC MP Abhishek Banerjee under the Tenth Schedule. Speaker Birla has granted separate seating for the 20 breakaway MPs. The merger with the Nationalist Citizens Party of India has not yet been ratified.
Load More
