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Zee walks back on $1.4 bn TV cricket rights deal with Disney: Report

Zee in August told Indian stock exchanges it had signed a strategic licence agreement with Disney to take over certain International Cricket Council TV broadcast rights

Business Insider to lay off 8% of workforce, to invest in growth verticals

Media companies have been under pressure over the past year as advertisers pull back on spending due to still-high borrowing costs

Microsoft lays off 1,900 Activision Blizzard, Xbox employees: Report

Blizzard President Mike Ybarra and Chief Design Officer Allen Adham are also leaving the company, while a previously announced survival game by Blizzard has been canceled, the report said

No hint of cuts as ECB keeps rates unchanged at record-high of 4%

Investors are betting that the ECB is getting it wrong on both growth and inflation and will be forced to U-turn and deliver five rate cuts in rapid succession from early spring

Tesla set to erase $50 billion in valuation after Elon Musk's sales warning

"The Tesla headlines have essentially gone from bad to worse," said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations

Dollar up after US GDP data, euro falls after ECB president's remarks

Next week, the Fed is widely expected to stand pat but comments from Chair Jerome Powell will be intensely scrutinized to assess if the U.S. central bank is ready to start cutting interest rates

Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier

Job cuts in Britain 'least bad option', will continue talks: Tata Steel CEO

The steelmaker will close its two blast furnaces in Britain by the end of this year, axing up to 2,800 jobs at its Port Talbot steelworks in Wales

Food delivery giant Swiggy to slash 6% of workforce to trim costs: Report

The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, the report said, the report stated

Alaska Air Q4 results: $150 million loss reported due to rise in expenses

Alaska executives are set to address investors and analysts later in the day. The airline placed orders for 42 737-10 and 10 737-9 jets in 2022, as part of a plan to sunset Airbus aircraft by 2023

Here's what airlines, regulators are doing about Boeing 737 MAX 9 jets

The Federal Aviation Administration (FAA)'s move comes after the aircraft had been grounded since a mid-air blowout on an Alaska Airlines jet on Jan. 5

Govt bond yields decline, end flattish for week with eyes on budget 2024

The benchmark 10-year yield ended at 7.1760%, following its previous close at 7.1835%. Indian markets are shut on Friday for a holiday

Rice export rates hit record highs on dwindling supplies, firm demand

Traders noted that domestic supplies are accumulating, and that harvest has begun partially in the Mekong Delta, which is expected to peak in March

Cyient Q3 results: Profit drops 2% to Rs 153 crore, narrows guidance

The Hyderabad-headquartered company's consolidated net profit dropped 2% to 1.53 billion rupees ($18.42 million) for the quarter ended Dec. 31

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

The lender's quarterly earnings last week prompted a sharp 15% decline in the stock, even as its profit beat expectations, as analysts raised concerns about lending margins

JSW Steel Q3 result: Profit rises 5-fold to Rs 2,415 crore on strong demand

The company's consolidated net profit rose to Rs 2,415 crore ($290.7 million) for the quarter ended Dec. 31 from Rs 490 crore a year earlier, according to an exchange filing

SBI Life Insurance posts weaker new business margin for April-Dec

Value for new business (VNB) - the expected profit from new policies - rose 11% to 40.40 billion rupees ($486 million), the company said, although margins contracted to 28.1% from 29.6% a year earlier

German business morale unexpectedly worsened in January, GDP contracts 0.3%

"The tentative revival of optimism last autumn has turned out to be very short-lived," said ING economist Carsten Brzeski, forecasting another shallow recession this year of -0.3%

Govt to keep 2024-25 gross borrowings close to current year's level: Report

India may peg its gross market borrowing for next fiscal year at between 15 trillion rupees ($180.47 billion) and 15.5 trillion rupees

Container Corp posts Q3 profit at Rs 331 crore on growing cargo volumes

The state-owned company reported a consolidated net profit of 3.31 billion rupees ($39.8 million) for the quarter ended Dec. 31, up 12% from last year