Business

Reed Hastings will not stand for re-election to Netflix's board when his term expires at the June Annual Meeting, ending his formal ties to the company he co-founded in 1997. The move, disclosed in Netflix's earnings release, completes a leadership transition that began when Hastings stepped down as CEO in 2023.

Angel One reported an 84% year-on-year profit rise in Q4, driven by higher trading volumes, better monetisation, and operating leverage despite broader equity market weakness. The wealth management segment grew, though lending activity dipped sequentially. Lending trends and client retention into Q1 are the key variabl

Kingdom Holding Company, controlled by Prince Al Waleed bin Talal, is set to acquire a majority stake in Saudi Pro League club Al Hilal. The move brings one of the Arab world's largest private investment firms into Saudi sports ownership, aligning with Vision 2030's sports and entertainment push. Financial terms have n

IndianOil has increased Auto LPG supply to Bengaluru by nearly 300 percent and doubled dispatches statewide in Karnataka after private sector supply chain disruptions created a sharp demand surge. The move shifts distribution load onto public-sector infrastructure, with IndianOil outlets operating continuously to stabi

Renault plans to launch seven new models in India by 2030 and elevate the country to a top-three global market. The Chennai plant will serve as a global export hub, embedding India into Renault's international supply and distribution chain. The rollout implies roughly one new model per year through the end of the decad

A jury ruled that Live Nation operated as a monopoly, triggering an immediate drop in the company's stock. The verdict establishes civil liability and could amplify ongoing regulatory pressure against the live events and ticketing giant. Remedies, including potential structural breakup or financial penalties, are the n

Elliott Investment Management is pushing Daikin Industries, the world's largest air conditioning maker, to launch a major share buyback, arguing the company holds excess capital that depresses its valuation. The campaign reflects broader activist pressure on Japanese corporates following Tokyo Stock Exchange reforms ta

Zerodha founder Nithin Kamath says the firm has foregone ₹25,620 crore in revenue by holding to zero brokerage on equity trades. The disclosure reinforces Zerodha's customer-trust positioning but arrives as SEBI's derivatives fee changes compress the company's core revenue. The durability of the zero-fee pledge through

Stellantis and Microsoft have signed a five-year AI-focused partnership, bringing Microsoft's cloud and AI infrastructure into the automaker's operations. The deal comes as Stellantis works to reverse declining performance across major markets. Financial terms and specific use cases were not disclosed.

Zerodha founder Nithin Kamath says the firm's zero-delivery brokerage model saved traders Rs 25,620 crore between 2016 and 2025. Kamath links the pricing discipline directly to Zerodha's bootstrapped structure, which he argues insulates the firm from investor pressure to cross-sell or monetise aggressively.

Wipro has announced a Rs 15,000 crore share buyback at a 19% premium to market price, its first such program in over five years. The move signals a significant return of capital to shareholders and is likely to lift earnings per share by reducing shares outstanding.

The Supreme Court, in a bench led by CJI Surya Kant, refused to intervene against a Bombay High Court Division Bench order that lifted a stay on fraud proceedings against Anil Ambani. The ruling reinstates the legal track after a Single Judge had paused proceedings in December last year. Fraud proceedings against Amban

TSMC warned that higher gas prices stemming from Middle East conflict could negatively impact its profitability. As the world's leading chipmaker, its cost signals carry broad implications for semiconductor sector margins. Energy cost trajectory and geopolitical escalation are the key variables to watch.

Sanskruti Jayana, granddaughter of UP Governor Anandiben Patel, debuts as Satyabhama in mythological film Krishnavataram Part 1: The Heart and holds a production partnership in Athashrikatha Motion Pictures LLP. The film was shot on private land near Visnagar, Gujarat, now listed as Athashreekatha Studio on Google Maps

A US jury found Live Nation and Ticketmaster operated an anticompetitive monopoly, exposing the company to potential hundreds of millions in damages. The verdict could accelerate regulatory pressure for structural remedies, including a possible breakup of the ticketing and venue giant.

Caterpillar has acquired Monarch Tractor after the agricultural startup faced mounting complaints from dealers, farmers, and a co-founder that its technology did not work properly. The deal gives Caterpillar entry into electric and autonomous farm equipment while effectively ending Monarch as an independent operation.

CBS is developing Flint, a cop drama with Matt LeBlanc set to film in Los Angeles, which would become the network's fourth locally produced primetime series. Paramount's George Cheeks flagged above-the-line incentives as central to reversing Hollywood's production exodus. A greenlight decision would signal whether Cali

A federal jury found Live Nation Entertainment and Ticketmaster illegally held monopoly power in the U.S. ticketing market after a five-week antitrust trial brought by the DOJ and 34 states. The verdict raises the prospect of structural remedies, potentially including a forced separation of Ticketmaster from Live Natio

The BBC is cutting close to 10% of its workforce, with interim director-general Rhodri Talfan Davies citing a widening gap between costs and income. The scale of reduction signals structural financial stress at the licence-fee-funded broadcaster, not a routine efficiency drive.

Amazon has agreed to acquire Globalstar, the satellite operator behind Apple's iPhone emergency SOS feature, for more than $11 billion. The deal gives Amazon direct control over low-Earth orbit spectrum and ground infrastructure relevant to its Project Kuiper broadband ambitions. Apple's dependency on Globalstar's netw