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Singapore Airlines (SIA) Group on Thursday reported a 57.4 per cent decline in net profit to 1.184 billion Singapore dollars (SGD) for the financial year ended March 2026, impacted by losses from Air India and the absence of a one-time accounting gain recorded in the previous year from the Air India-Vistara merger, PTI reported.The airline…
BJP president Nitin Nabin (second, right) welcomes Raghav Chadha, Sandeep Pathak, Ashok Mittal, others to BJP New Delhi: Rajya Sabha chairman C P Radhakrishnan has officially accepted the merger of seven AAP MPs with BJP – taking the governing party’s strength in the 245-member upper House to 113.With Raghav Chadha, Sandeep Pathak, Ashok Mittal, Harbhajan…
An open letter signed by hundreds of Hollywood heavyweights was published Monday opposing a deal that would see the historic Warner Bros. studio swallowed by rival Paramount.Actors including Joaquin Phoenix, Ben Stiller, Kristen Stewart, Adam McKay, Alan Cumming, Alyssa Milano, Boots Riley, Bryan Cranston, Cynthia Nixon, Damon Lindelof, David Fincher, Denis Villeneuve, Elliot Page, Glenn…
A shopper at Kroger. The supermarket chain’s proposed Albertsons merger drew an FTC antitrust lawsuit. Retail chain Albertsons Companies is aggressively scaling back its physical footprint and thinning its workforce across the country as the grocery giant struggles to find its footing in the wake of its collapsed $24.6 billion merger with Kroger. The Boise-based…
Paramount Skydance has agreed to acquire Warner Bros. Discovery in a blockbuster deal valuing the combined company at around $110 billion, bringing to an end a bruising bidding war with Netflix and reshaping the global media landscape.Announcing the agreement on Friday, Paramount chairman and chief executive David Ellison said the pursuit of Warner Bros. Discovery…
File photo: Ajit Pawar and Sharad Pawar NEW DELHI: The Sharad Pawar-led faction of the Nationalist Congress Party (NCP) on Saturday dismissed what it termed a “perception” that it had been aggressively pursuing a merger with the rival NCP group headed by Ajit Pawar, who died in a plane crash last month.The final decision on…
NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…
NEW DELHI: Senior NCP leader Sharad Pawar on Wednesday said that discussions on a possible merger of the two Nationalist Congress Party factions were held between Ajit Pawar and Jayant Patil, and Maharashtra Chief Minister Devendra Fadnavis had no right to talk about it. Asserting that he was happy that Sunetra Pawar had been sworn…
Maharashtra deputy CM Sunetra Pawar paid a condolence visit to the family of the late PSO Vidhit Jadhav (ANI photo) MUMBAI: Monday saw claims and counter-claims about meetings to plan a merger between the two NCP groups — with Sharad Pawar’s faction confirming the meetings and more voices in Ajit Pawar’s outfit denying them. Pawar…
Budget 2026’s proposal to restructure Power Finance Corporation and Rural Electrification Corporation has revived merger speculation. Sitharaman said govt wants public-sector NBFCs to scale up and cut costs, with clear credit and tech targets. As a first step, it plans to restructure PFC and REC to drive scale and efficiency.Both lenders carry heavy exposure to…
