CBS is developing a new cop drama called Flint, starring Matt LeBlanc, that would film in Los Angeles if greenlit, the network confirmed Wednesday. The project would become the fourth CBS series shooting locally, joining Matlock, NCIS, and a third unnamed NCIS entry in the franchise. The expansion signals a deliberate clustering of CBS production back in its home market. Paramount's George Cheeks, speaking alongside the announcement, described above-the-line incentives as a 'key component' of reviving Hollywood production, pointing directly to the policy lever driving these decisions. Above-the-line incentives cover high-cost talent and executive compensation, which standard state film tax credits typically exclude. California's push to broaden or extend such incentives is the mechanism enabling networks to justify local production economics over cheaper out-of-state alternatives. Whether Flint advances to series order will serve as a near-term test of whether the incentive structure is sufficient to pull more primetime drama back to Los Angeles.
Nayara Energy has cut petrol prices by Rs 5 per litre and diesel by Rs 3 per litre at its 7,000-plus fuel stations across India, effective immediately. The move follows a fall in global crude oil prices and puts pressure on state-owned retailers to respond.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
