Business

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

PHDCCI estimates a potential Iran conflict could cost India's aviation and food services sectors a combined Rs 97,000 crore, with food services absorbing Rs 79,000 crore and aviation Rs 18,000 crore. The projections reflect commodity price and route disruption risks tied to Middle East instability. Both sectors are hig

Anne Hathaway stars as a pop figure in David Lowery's 'Mother Mary,' releasing via A24 on Friday, citing Beyoncé as a key influence in developing her singing persona for the role. The casting pushes Hathaway beyond her musical theatre background into full pop performance territory, a stretch that carries commercial sta

The BBC announced plans to eliminate up to 2,000 positions, roughly 10% of its 21,500-strong workforce, in its largest cost-cutting exercise in 15 years. The reduction signals deepening financial pressure on the license-fee-funded broadcaster and will likely constrain programming and production capacity.

Dhurandhar The Revenge reached Rs. 1053.50 crores in its Hindi version by Tuesday of its fourth week, buoyed by a Vaisakhi holiday bump. The film is chasing a Rs. 50 crore fourth week, with Rs. 44.50 crores already in. Thursday evening shows face competition from Bhooth Bangla's paid preview entry.

HDB Financial Services posted a greater-than-40% profit increase in Q4 and declared a dividend of Rs 2 per share. The result reinforces the NBFC subsidiary's earnings trajectory at a time when its IPO path remains closely watched. Detailed disclosures on margins and asset quality will determine the durability of the pr

SoftBank is issuing $3.6 billion in dollar and euro debt to fund its lending position in OpenAI. The dual-currency structure layers SoftBank's borrowing on top of OpenAI's capital needs, giving debt investors indirect exposure to OpenAI's financial performance.

A PHDCCI report links West Asia conflict to a 15, 20% drop in inbound tourist arrivals in India and an estimated Rs. 18,000 crore net loss for the tourism and hospitality industry. Disrupted flight paths through Gulf hubs and traveler risk aversion are the primary transmission mechanisms. The report calls for policy cha

A SpiceJet Boeing 737-700 collided with Akasa Air flight QP 1406 on the ground at Delhi's IGI Airport, damaging the SpiceJet winglet and the Akasa stabiliser. Both aircraft require mandatory inspections before returning to service, disrupting schedules for both carriers. A DGCA inquiry into ground handling procedures i

Amazon MGM Studios chief Mike Hopkins told CinemaCon that the studio's theatrical commitment is structural, not experimental, with at least 15 films per year on schedule for theater release. The pledge offers exhibitors a stable content floor at a time when streaming-era studio strategies have repeatedly disrupted cine

A federal jury found Live Nation an illegal monopoly in a case brought by California and dozens of other states following a five-week trial. The verdict strengthens calls for a Ticketmaster divestiture and exposes the company to structural remedies, though Live Nation is expected to appeal. The remedies phase and subse

BBC interim director general Rhodri Talfan Davies expressed frustration after plans for 2,000 job cuts leaked to media ahead of staff communication. The breach undermined the corporation's rollout of its £500 million savings strategy and sparked employee outrage. How management rebuilds internal trust will directly aff

Governance advisor Shriram Subramanian is urging the Tata Sons board to formally consider a public listing at its upcoming meeting, as both the Reserve Bank of India and Shapoorji Pallonji Group press for an IPO. An RBI regulatory flag and SP Group's demand for liquidity are converging on a structure long protected by

Snap is laying off approximately 1,000 employees, with CEO Evan Spiegel describing the moment as a 'crucible' for the company. Spiegel's internal memo frames the cuts as part of an AI-led productivity shift, arguing small AI-equipped teams can replace larger workforces. Operating expense trajectory and next-quarter gui

Barclays estimates that robots and drones could reduce food delivery costs to $1 per order globally. That threshold would dramatically alter platform unit economics, where human courier costs currently make low-value orders structurally unprofitable. Regulatory clearance and autonomous fleet deployment timelines are th

Private-capital-backed insurers now hold nearly $1.5 trillion in assets as of 2025, reshaping the life insurance industry's ownership and investment model. With returns compressing as the sector matures, sustaining advantage increasingly requires vertical integration across origination, asset management, and distributi

Arthur Blank co-founded The Home Depot at 36 after being fired from Handy Dan Home Improvement Centers, facing early customer skepticism of the warehouse retail format. The company grew into one of North America's largest home improvement retailers, validating the contrarian model.

Accel is raising a $4 billion Leaders Fund for late-stage global startups, plus a $650 million sidecar for concentrated follow-on bets, with AI as the central theme. The move signals continued capital concentration into high-conviction, growth-stage companies despite a prolonged funding slowdown. Combined with its Janu

Chinese chemical producer Hengyi Industries posted a profit increase of approximately 40 times its prior-year level, linked to market conditions arising from the Iran conflict. The result signals significant exposure to Middle East-driven commodity and supply-chain shifts within China's petrochemical sector.

Warner Bros. showed new Mortal Kombat II footage at CinemaCon featuring Karl Urban as Johnny Cage. The preview signals Urban's character as a narrative centerpiece, a casting move aimed at expanding the franchise's theatrical appeal. No release date was confirmed in the presentation.