Hedge Funds Stake Billions on Hess deal Sidestepping Exxon Claim
Hedge fund managers that wagered billions on Chevron Corp.’s October deal to buy Hess Corp. are sticking to their bets despite another roadblock that could potentially torpedo the acquisition. Key Points
Hindustan TimesReliance comments on potential merger deal with Disney, here's what it said
Reliance Industries issued a statement on stock exchanges, refusing to comment on media speculation about its reported merger deal with Disney. The clarification mentioned the company's ongoing evaluation of opportunities, stating that there is no undisclosed information requiring disclosure under SEBI regulations. The reported merger between Viacom18 and Star India under Reliance's media unit and Disney's stake is anticipated to create India's largest media empire Key Points
Economic TimesFTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal
The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. Monday, arguing the tie-up would lead to lower wages for workers and higher prices for groceries. Key Points
mintdeal or No deal Island: Here’s all we know about release date, schedule, host, format, contestants, produc
Deal or No deal Island is a new reality show on NBC where contestants, including two celebrities, compete on a private island for a chance to win a grand prize. Hosted by Joe Manganiello, the show features challenges and the iconic game of deal or No deal with a tropical twist. Key Points
Economic Times3 reasons why India must fast-track US drone deal—defence, diplomacy, Democrats
The US State Department has approved the sale of MQ-9B drones to India, but the Modi govt must give it timely attention to push it to the finish line. It’s a political opportunity. Key Points
ThePrint
Blackstone Drops Out of Bidding for German Football Media Rights Deal
Blackstone Inc. has dropped out of the bidding for a controversial football media rights deal in Germany, according to people familiar with the matter, following a backlash from fans critical of foreign capital. Key Points
mintExclusive-Trump's media deal partner nears $50 million financing -sources
By Anirban Sen (Reuters) - Digital World Acquisition Corp, the blank-check acquisition company that has agreed to take former U.S. President Donald Trump's social media platform public, is nearing a Key Points
ThePrintExclusive-SoftBank-backed Cohesity to buy Veritas data security unit, create $7 billion firm
By Krystal Hu and Anirban Sen NEW YORK (Reuters) -U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas' data protection business in a deal that values Key Points
ThePrintBulls grab gas stocks as India renews $78 billion LNG deal with Qatar; ONGC, Petronet hit 4% upper circuit
Shares of ONGC, Petronet LNG, GAIL (India) saw sharp gains today after the leading LNG importer extended a 2004 deal with Qatar to buy 7.5 million tonne a year of gas for producing electricity. Key Points
mintIndia to sign multi-billion dollar deal to extend LNG imports from Qatar for 20 years
Betul (Goa), Feb 6 (PTI) India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of […] Key Points
ThePrint
deal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech
Tata Technologies CEO Warren Kevin Harris mentioned that the company's Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3. Key Points
Economic Times$521 mn total deal wins' the highest we have seen in Persistent Systems: CEO
Sandeep Kalra says: “In terms of industry verticals, we have said it over the past several quarters, that healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI. And that is the trend that we are seeing in our order book and that should pan out for us as well.” Key Points
Economic TimesAs shutdown looms, congressional leaders ready stopgap bill to extend government funding to March
Hard-right members have criticised the deal, including several of those who helped oust former Speaker Kevin McCarthy from the speaker’s office. Congressional... Key Points
The Tribune IndiaTCS, Infosys to announce Q3 results today: What to track, how to trade
TCS and Infosys will release their Q3 earnings today amid expectations of weak numbers. However, bulls believe that this could be the last dull quarter before revenue growth picks up in Q4. Analysts anticipate TCS to deliver 1.5% QoQ cc revenue growth driven by large deal ramp-ups, with margin expansion driven by operational efficiencies. On the other hand, Infosys is expected to see a decline in USD revenue due to seasonal furloughs and the impact of a slowdown in discretionary tech spending. Key Points
Economic TimesLionsgate signs $4.6-billion SPAC deal for studio business
(Reuters) -Blank check firm Screaming Eagle Acquisition Corp said on Friday it has agreed to merge with the studio business of entertainment company Lionsgate in a deal valued at about $4.6 billion. Key Points
ThePrint
IPL 2024: Hardik Pandya traded to Mumbai Indians in all-cash deal
The confirmation came hours after the IPL retention window closed on November 26. GT had then stated that it had retained Pandya, who led the side to its inaugural victory in the 2022 edition. Key Points
mintIsrael & Hamas agree to Qatar-brokered 4-day truce in exchange for 50 hostages held in Gaza
Proposal by Qatar was delivered Tuesday. Hamas reportedly says it'll free 50 hostages for Tel Aviv releasing 150 prisoners. Israel has made no mention regarding release of Palestinians. Key Points
ThePrintIsrael-Hamas war: Netanyahu govt backs deal for release of 50 hostages
Israel-Hamas war latest updates: Officials from Qatar, which has been mediating negotiations, as well as the U.S., Israel and Hamas have for days been saying a deal was imminent. Key Points
Business TodayHamas leader says 'close to reaching' truce deal in Israel-Hamas war
Hamas leader Ismail Haniyeh signaled nearing a truce with Israel, aiming to release 240 hostages, primarily Israelis, taken during a major assault. Negotiations, mediated by Qatar, revolve around a ceasefire and the release of prisoners. US President Biden expressed optimism, and sources suggest a five-day truce with prisoner exchanges involving Palestinian groups Hamas and Islamic Jihad. The Red Cross emphasizes humanitarian issues and hostages' urgent release amid ongoing conflict in Israel and Gaza. Key Points
Economic TimesIsrael-Hamas ceasefire deal finalised? Netanyahu denies claim as war enters 'next stage'
Reports of a ceasefire deal between Israel and Hamas have been denied by Israeli Prime Minister Benjamin Netanyahu and US officials. The deal would involve a five-day pause in fighting to release 50 or more hostages. Key Points
mint
Israel-Hamas conflict: No deal between Israel and Hamas yet, says White House
The Washington Post reported earlier on Saturday night that a Qatari-brokered deal between Israel and Hamas had been reached for a five-day ceasefire. Israel and Hamas have not yet reached a deal on a temporary ceasefire, a White House spokesperson said on Saturday night. Key Points
The Tribune IndiaNo hostage, temporary ceasefire deal between Israel and Hamas yet: White House
The US is continuing to work to get a deal between the two sides, the spokesperson said. A second US official confirmed no deal had been reached. Key Points
India TodayUK PM Rishi Sunak likely to visit India as and when FTA is ready to be announced
There are reports that the deal could be sealed in December after the state assembly elections. The two sides have differences whether taxation will be included in a proposed investment protection pact, as well as the UKs demand that tariffs be cut on electric vehicle exports to India. Key Points
Economic TimesEU regulators set new Feb 14 deadline on Amazon/iRobot deal
European Union (EU) antitrust regulators will decide by February 14 next year on whether to clear Amazon's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O), according to a regulatory filing. Key Points
ReutersU.S. antitrust enforcer says pressing on with fight against Microsoft/Activision deal
The U.S. Federal Trade Commission said on Friday it remained focused on its appeal opposing Xbox maker Microsoft's (MSFT.O) now-closed $69 billion deal to buy Activision (ATVI.O) but would "assess" the company's agreement with Ubisoft (UBIP.PA). Key Points
Reuters
Microsoft-Activision: Ubisoft deal helps win Britain's nod
Britain's antitrust regulator on Friday cleared Microsoft's (MSFT.O) acquisition of "Call of Duty" maker Activision Blizzard (ATVI.O) after the restructured deal substantially addressed its earlier concerns. Key Points
ReutersUK envoys head to India as nations seek to conclude trade deal
The two countries aim to conclude almost two years of talks and reach a commercial agreement. This deal would be significant for both nations, with Sunak using it as a benefit of Brexit and Modi gaining a boost as he prepares for an upcoming election. While most points of contention have been resolved, political decisions still need to be made on pending issues. The window for finalizing the deal is small due to next year's national polls in India. Key Points
Economic TimesUK regulator seeks public input on Microsoft-Activision deal
Britain's antitrust regulator on Monday called for public responses on whether Microsoft's $69 billion takeover of Activision Blizzard, maker of video game "Call of Duty", should be cleared ahead of a final decision by Aug. 29. Key Points
ReutersHunter Biden’s plea deal denied, What next for US First Son?
On Wednesday, Hunter Biden's plea deal was denied. Both parties have a fortnight to reach a new agreement. | World News Key Points
Hindustan Times'Great performances from all the actors,' says 'Jawan' director Atlee after watching Varun Dhawan and Janhvi Kapoor's 'Bawaal'
He tweeted- '#Bawaal , a feel-good watch. A great craft in its own novelist way. Felt like reading a book and visualising it.' Key Points
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Britain's Competition Appeal Tribunal grants adjournment on Microsoft-Activision deal
Britain's Competition Appeal Tribunal granted the adjournment application which was requested jointly by the antitrust regulator, the CMA, and Microsoft (MSFT.O), as part of the latter's plan to try to buy Activision Blizzard (ATVI.O). Key Points
ReutersTrump-linked SPAC surges as fraud settlement lifts hopes for deal completion
Shares of Digital World Acquisition (DWAC) (DWAC.O) surged 20% in premarket trading on Friday as a settlement with U.S. securities regulator over fraud charges cleared some of the uncertainty over the blank-check firm's merger with former U.S. President Donald Trump's media and tech company. Key Points
ReutersMicrosoft and Activision Blizzard Extend $75 Billion Merger Deadline
The extension, until mid-October, gives the companies more time to gain regulatory approval in the U.K. Key Points
mintBroadcom's $69 bln VMware deal wins provisional UK clearance
Britain's competition regulator provisionally cleared U.S. tech company Broadcom's (AVGO.O) $69 billion purchase of VMware (VMW.N) on Wednesday, saying the deal would not weaken competition in the supply of critical computer server products. Key Points
ReutersMicrosoft moves closer to completing $69 billion Activision takeover after court rebuffs regulators
In a brief ruling, a three-judge panel on the 9th U.S. Circuit Court of Appeals concluded there were no grounds for issuing an order that would have prevented Microsoft from completing its nearly 18-month-old deal to take over the maker of popular video games such as Call of Duty. Key Points
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U.S. appeals court refuses FTC request to pause Microsoft deal for Activision
A U.S. appeals court on Friday rejected the Federal Trade Commission's request that it order Microsoft (MSFT.O) to temporarily hold off on closing its $69 billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O). Key Points
ReutersExplainer: What challenges does Microsoft's $69 billion Activision deal face?
The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft's (MSFT.O) $69 billion acquisition of video game maker Activision Blizzard (ATVI.O), hours after a federal judge rejected a similar request. Key Points
ReutersCanada extends consultation period for RBC's $13.5 bln bid for HSBC unit
Canada's finance ministry has extended the consultation period for Royal Bank of Canada's (RY.TO) $13.5 billion proposed acquisition of HSBC's (HSBA.L) Canadian unit by 15 days due to a technical error that prevented the department from receiving some submissions by email. Key Points
ReutersDrones' deal with the US: India negotiates for higher local parts in MQ 9Bs
Officials said that at present, the US company has expressed its willingness to manufacture some components in India that are valued at 8 to 9% of the deal. Efforts are on to increase this commitment to 15-20% in deeper negotiations that are expected in coming months. Key Points
Economic TimesIndia-U.S. push for jet engine production has better chances than ever before, say experts
The jet engine technology deal announced during Prime Minister Narendra Modi’s visit to the U.S. bears some resemblance to the India-U.S. Civil Nuclear deal in the manner it was pushed through by Washington and New Delhi. Key Points
The Hindu
UK clears Amazon’s $1.7 billion deal for Roomba-maker iRobot
Britain’s competition regulator cleared Amazon’s planned $1.7 billion acquisition of Roomba maker iRobot. Key Points
The HinduDAC approves armed drone deal with U.S.; announcement expected during PM Modi’s visit
The Defence Acquisition Council (DAC) approved the deal for procurement of armed Predator Unmanned Aerial Vehicles (UAV) from General Atomics of the U.S., defence sources confirmed which paves the way for an announcement during Prime Minister Narendra Modi’s visit next week. Key Points
The HinduConservative Rep. Chip Roy slams debt deal - Calls it a ‘Turd-Sandwich’
Rep. Chip Roy criticizes debt deal as a "turd-sandwich," disputes GOP unity claim. | World News Key Points
Hindustan TimesBiden, McCarthy reach tentative deal to raise debt ceiling, avoid calamitous U.S. default
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis in the U.S. Key Points
The HinduRace for U.S. debt deal as talks go to the wire
Democrats and Republicans seemed within grasping distance Saturday of a deal to end the U.S. debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic default. Key Points
The Hindu
US stocks close higher on optimism of debt ceiling deal
International Business News: US stock indexes rose on Friday amid the optimism of avoiding a catastrophic US debt default. The S&P 500 increased by 1.3% to 4,205.45, the Dow Jones Key Points
Times Of India