Category : Corporate News


Reliance Restructures REIL Stake, Meta Takes 30%

Reliance Industries announces a strategic restructuring of its stake in Reliance Entertainment International Limited, with Meta Platforms acquiring a 30% share, marking a significant move in digital media and entertainment.

ED Attaches Anil Ambani's Rs 371.6 Crore Mumbai Home

The Enforcement Directorate has attached Anil Ambani's luxurious Mumbai residence worth Rs 371.6 crore in a money laundering case linked to Yes Bank. This action is part of an ongoing investigation into alleged financial irregularities.

Paramount's $31 Bid Gains Warner Bros. Traction

After 75 days and 10 rejections, Paramount's $31 per share offer for Warner Bros. Discovery is being seriously considered, potentially triggering a 4-day window for Netflix to counterbid for HBO assets.

IBM's Worst Stock Drop in 25 Years Over AI Fears

IBM shares plummeted 13% on Monday, marking the company's worst single-day decline since 2000, driven by fears that Anthropic's new Claude Code tool could disrupt its mainframe business by modernizing COBOL.

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