Business

A trader who made approximately $250 million on Russian crude is now committing up to $60 million to Guyana's oil sector. The move signals capital migration from Russian commodity arbitrage toward frontier upstream markets as sanctions pressure compressed those trading margins. Guyana's rapid production growth has made

Imtiaz Developments has launched a Dubai real estate campaign featuring Hrithik Roshan and Khabib Nurmagomedov, directed by Siddharth Anand. The crossover targets South Asian, Middle Eastern, and Central Asian buyer segments simultaneously. CEO Masih Imtiaz wrote the script in-house, with production handled entirely by

Jim Cramer highlighted PepsiCo CEO Ramon Laguarta's innovation-focused strategy as a competitive differentiator for the company. The endorsement comes as consumer staples brands face private-label pressure and volume softness, making organic growth through new products a key valuation driver for PEP.

Berkshire Hathaway CEO Greg Abel has sold stocks previously managed by Todd Combs, who left the firm in December for JPMorgan Chase. The divestiture is the first clear sign of portfolio repositioning under Abel's leadership since he took over in January. Berkshire's next equity holdings disclosure will reveal the full

Judge Troy Nunley of California's Eastern District issued a preliminary injunction Friday blocking Nexstar's acquisition of Tegna TV stations, halting integration activity pending trial. The ruling, secured by DirecTV's lawsuit, introduces significant execution risk into one of broadcast television's largest pending

Netflix co-founder Reed Hastings has exited the company as it pursues its next growth chapter under co-CEOs Greg Peters and Ted Sarandos. The departure closes the founding era as Netflix leans into ad-supported streaming, password-sharing enforcement, and live content to sustain subscriber and revenue growth.

Federal Judge Troy Nunley blocked Nexstar's $6.2 billion merger with Tegna via preliminary injunction, ruling the deal violates antitrust law. The decision halts what would have been a landmark broadcast television consolidation, with California's Attorney General calling the merger flatly illegal. Nexstar must now

Meta is targeting May 20 for the first wave of layoffs in a multi-phase headcount reduction, with further cuts planned later in 2026. The phased structure signals sustained cost pressure rather than a one-time event, extending workforce uncertainty across the year. Total headcount figures and affected divisions have

Vedanta Resources is seeking to expand its $350 million loan by at least $200 million, with Sumitomo Mitsui Banking Corp. and First Abu Dhabi Bank in talks to join the facility. The top-up targets refinancing, transaction costs, and general corporate needs as the company manages a heavy debt burden. The deal size could

Amazon MGM Studios is developing a live-action FernGully: The Last Rainforest adaptation with Marielle Heller set to write, direct, and produce. The project extends a studio trend of converting legacy animated IP into live-action features for theatrical and streaming audiences. No release timeline has been announced.

UltraTech Cement added 8.7 MTPA of capacity and crossed 200 MTPA of installed capacity in India, reinforcing its lead as the country's largest cement producer. The expansion strengthens its operating leverage and competitive reach as domestic construction demand remains elevated.

Amazon MGM Studios is developing a live-action FernGully film based on the 1992 animated classic, with Marielle Heller set to direct and write. The project signals Amazon MGM's continued push into legacy IP adaptation as a content strategy. Stacey Sher and the Sheinberg Feige Organization are attached as producers.

Adani Properties will invest over Rs 1 lakh crore to redevelop the 143-acre Motilal Nagar site in Mumbai, India's second-largest urban renewal project. The decade-long plan will rehabilitate 3,700-plus residential and 300 commercial occupants alongside slum dwellers within a mixed-use township.

Flipkart is reportedly planning to enter India's live events and ticketing market, taking direct aim at BookMyShow's dominant position. The Walmart-owned platform's scale and payments infrastructure could reshape competitive dynamics in a sector buoyed by rising consumer entertainment spending.

Gautam Adani's net worth reached $92.6 billion, edging past Mukesh Ambani's $90.8 billion to make him the richest person in India and Asia. The shift reflects sustained valuation gains across the Adani Group's infrastructure and energy portfolio. The $1.8 billion margin is narrow enough that market moves in either

Zerodha has publicly reaffirmed its zero-brokerage-on-delivery and no-external-capital model, framing bootstrapped ownership as the structural reason it avoids margin funding promotion, user tracking, and cross-selling. Management says 25 to 30% of new accounts come from referrals, its key growth metric. The post

Jane Street has committed $6 billion to CoreWeave for AI cloud infrastructure and expanded its equity stake in the GPU provider. The deal is among the largest AI compute contracts signed by a financial institution, signaling that quant firms are treating dedicated AI infrastructure as a core competitive asset.

Marvel debuted a new Avengers: Doomsday trailer at CinemaCon, revealing Robert Downey Jr. as Doctor Doom and the return of Steve Rogers. The footage, anchored by Patrick Stewart's Professor Xavier, is designed to drive exhibitor confidence and early ticket demand. Pre-sale performance will serve as a key indicator of

Disney debuted the first full trailer for 'Avengers: Doomsday' at CinemaCon, showing Thor vs. Doctor Doom, Chris Evans returning to lift the hammer, and the X-Men rejoining the ensemble. The reveal matters most to theater operators, who have waited six years since 'Endgame' for a Marvel event of comparable commercial

Dwayne Johnson debuted live-action Moana footage at CinemaCon, sharing a photo of his late grandfather during the emotional presentation. The Disney film, directed by Thomas Kail and based on the 2016 animated hit, is scheduled for theatrical release this summer.