Business

NBCC sold 14 lakh square feet of commercial space at Bharat Business Park, South Delhi for Rs 5,779 crore via e-auction. The proceeds will fund redevelopment of residential colonies in the area, with NBCC earning a one percent marketing fee.

India has authorised 15 banks, including State Bank of India, HDFC Bank, and Bank of India, to import gold and silver through March 2029. The multi-year window provides supply chain certainty for the bullion market while keeping import flows within a regulated, monitored channel.

The Duffer Brothers launched their exclusive four-year deal with Paramount in April, appearing in a star-studded studio legacy video alongside Tom Cruise and Timothée Chalamet. The agreement covers features, television, and streaming, pulling the Stranger Things creators fully away from Netflix after a decade.

Peninsula Land has launched its first plotted development project in Alibaug, targeting HNIs from Mumbai and property investors from India and overseas. Plotted formats offer developers higher margins by eliminating construction risk, making the move a strategic portfolio diversification. Project pricing and absorption

Saudi Arabia's Public Investment Fund has sold a 70% majority stake in Al Hilal to Kingdom Holding Company, transferring control of the top Saudi Pro League club to a private holding vehicle. The deal signals a shift away from direct sovereign ownership of sports assets toward a more distributed equity model.

Jardine Matheson and CK Hutchison are pursuing a merger of their Hong Kong supermarket businesses, Wellcome and PARKnSHOP, per the Financial Times. A combined entity would dominate Hong Kong's formal grocery market, raising likely competition review questions. No deal structure or timeline has been disclosed.

SM Entertainment, YG Entertainment, JYP Entertainment, and Hybe are jointly developing a global music festival aimed at rivaling Coachella, with a December 2027 launch targeted. A coordinated venture among all four major K-pop agencies would create a significant new live entertainment property with global licensing and

Snap announced a 16% workforce reduction as the company pursues a path to profitability amid sustained losses and a competitive digital advertising market. The cuts signal a structural cost-reduction effort rather than a temporary adjustment, with pressure mounting from larger rivals commanding advertiser budgets.

SpaceX's financials identify Starlink as the central driver of the company's revenue surge, shifting the valuation narrative from launch contracts to subscription-based satellite internet. The recurring revenue model offers cash flow stability that offsets the lumpy economics of government and commercial launch deals.

NiSource signed a long-term power agreement with Alphabet and expanded its existing deal with Amazon, deepening its role as a power supplier to major hyperscale operators. The agreements provide NiSource with contracted revenue and signal continued utility infrastructure demand driven by AI and data center expansion.

Netflix cofounder Reed Hastings is stepping down as the company loses its Warner Bros content deal, triggering an 8 percent stock decline. The dual shock raises questions about content strategy and leadership continuity as streaming competition intensifies.

Reed Hastings is departing Netflix, the streaming company he co-founded 29 years ago, relinquishing his chairman role. The exit closes a founding-era chapter at one of media's most disruptive companies, raising questions about long-term strategic direction and board continuity.

Personal finance commentator George Kamel is advising debt relief program enrollees to exit those arrangements now. Debt settlement programs carry fee loads of 15% to 25% of enrolled debt and can expose clients to creditor lawsuits and unexpected tax liabilities on forgiven balances.

Amazon has imposed a new fuel surcharge on third-party sellers, directly linked to shipping cost increases connected to the Iran conflict. Sellers face a binary choice: absorb the fee and lose margin, or raise prices and risk losing sales volume.

VinFast, Mahindra & Mahindra, BYD, JSW MG, and Kia are all targeting India's seven-seater EV market, aiming at affluent urban families. The multi-brand convergence intensifies competition for a high-margin segment where dealer network depth and financing terms may prove decisive.

An initial probe into the Vedanta power plant explosion in Chhattisgarh's Sakti district found excessive fuel accumulation in the boiler furnace caused a fatal pressure surge. The blast killed 20 workers, and an FIR has been filed against Vedanta and its contractor for maintenance and operational negligence. Criminal

The Fithian Group's John Fithian predicted Ramayana will become the first Indian global theatrical blockbuster after CinemaCon 2026 screenings drew major exhibitors from the U.S., Europe, Latin America, and Australia. The two-part film, backed by Prime Focus Studios and DNEG, is targeting IMAX worldwide releases on

Japan Airlines and ANA have brought forward fuel surcharge implementation dates in response to cost pressures from the Iran conflict. The move shifts rising fuel costs onto passengers and corporate clients faster than previously scheduled, signaling airlines are not waiting for price stabilization.

Bank of Maharashtra reported Q4FY26 net profit of Rs 2,014 crore, up 35% year-on-year, with net interest income growing 20% and asset quality improving. Full-year FY26 profit rose 27%, supported by strong deposit and advance growth. The bank declared a 22% total dividend for the year.

Farmers along the Krishna river in Karnataka and Maharashtra have formed Mission Khapli to collectively market Emmer wheat at premium prices. The ancient grain, previously a subsistence crop, is attracting demand from health-conscious consumers, giving smallholders leverage to capture higher margins. The initiative's