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[ad_1] The Walt Disney Company is cutting several hundred jobs across its film and television divisions, a Disney spokesperson confirmed to USA TODAY. The layoffs, which formally took effect on Monday, June 2, impact departments involved in marketing, publicity, casting, development, and parts of corporate finance. No entire teams are being dissolved, the company said.A Disney representative attributed the decision to the “rapid pace” of industry transformation and the company’s push to “operate more efficiently.”This move is the latest in a series of cost-cutting measures implemented since CEO Bob Iger returned to helm the company in 2022. In early 2023, Iger announced that Disney would lay off 7,000 employees to reduce spending by billions of dollars. That plan has since unfolded through multiple rounds of layoffs.In September 2024, Disney cut around 300 positions in corporate functions such as legal, HR, […]

[ad_1] Market experts anticipate continued consolidation amidst unfavourable global indicators. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, were volatile in opening trade on Tuesday. While Nifty50 went below 24,650, BSE Sensex was near 81,000. At 9:35 AM, Nifty50 was trading at 24,644.90, down 72 points or 0.29%. BSE Sensex was at 81,045.85, down 328 points or 0.40%.Market experts anticipate continued consolidation amidst unfavourable global indicators, though robust domestic economic factors and possible RBI interest rate reductions might provide support.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “During a consolidation phase, where the market moves within a range, buy on dips is the ideal strategy. And this strategy is working well now. With a lot of uncertainty in geopolitics, tariffs and trade the market will continue to remain volatile. Therefore, investors may persist […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Hudco and Indian Hotels are the top stocks to buy today:Hudco – Buy in the range between Rs 246 & Rs 250; Stop Loss: Rs 235; Target: Rs 280Hudco has broken out of a small consolidation and expected to resume the uptrend. Momentum indicators have also given a positive crossover above the zero line. The stock has been consolidating in a broad range since last week and has closed above 200 daily moving average i.e. 217, resuming the up trend today. The stock is expected to continue the up trend till the 61% retracement of the previous fall i.e. 280. Key resistance is 256 & 280 and support is at 235 and 224. Indian Hotels […]

[ad_1] PARIS: TotalEnergies has said that it intends to back Adani Green's expansion while lining up further investments in India."On the renewable side, we continue to support the expansion of Adani Green, which already has 14 gigawatts of capacity. So, we will continue to support this growth," Total Energies chairman and CEO Patrick Pouyanne said after meeting commerce and industry minister Piyush Goyal.After Adani got embroiled in legal actions in the US on corruption related allegations, TotalEnergies had said that it will not make any new "financial contribution as part of its investments in the Adani Group of companies".Pouyanne said the company, which has invested $5 billion in India, intends to develop its energy business and sell more, especially from the US. "We are the largest US exporter of total energy. So, we can bring more. We also have a […]

[ad_1] H D Kumaraswamy (File photo) NEW DELHI: Europe's Mercedes Benz, Skoda-Volkswagen (VW) and South Korea's Hyundai and Kia have shown interest to manufacture electric vehicles (EVs) in India, heavy industries minister H D Kumaraswamy said Monday. He added that India is likely to see only a "minor impact" from US plan to hike tariffs on steel and aluminium products, as India does not export steel "in a big way" to that country.The minister said these global car manufacturing majors have expressed interest during discussions between govt and industry regarding the 'Scheme to Promote Manufacturing of Electric Passenger Cars in India'. The window to apply under the scheme will open in a couple of weeks. Officials said successful applicants may roll out electric cars from their factories in India within two-to-three years.As per the guidelines, to encourage global manufacturers to […]

[ad_1] NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as "baseless and mischievous"."Further, we are not aware of any investigation by US authorities on this subject. The WSJ's story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group entities are knowingly in contravention of US sanctions on Iran is strongly denied. Any assertion to the contrary would not only be slanderous but also deemed to be an intentional act to injure the reputation and interests of the Adani group," it said in a stock exchange filing.The statement said the Adani group does not handle any cargo from Iran at any of its ports, including shipments originating from Iran or any vessels operating under the Iranian flag. "Additionally, the Adani group does not […]

[ad_1] NEW DELHI: IndiGo doubled its wide body aircraft order by confirming the option for 30 wide body Airbus A350s. Now the airline has 60 A350s on firm order and has an option for 40 more. "We have signed the MoU with Airbus for confirming the option for 30 A350s. Their delivery starts in 2027," airline CEO Pieter Elbers said at the IATA AGM on Sunday."Delivery of initial 30 A350s ordered last year will begin in 2027 and continue till early part of next decade. Delivery of this next batch (of 350) will start after that and continue into the second half of the next decade," Elbers said. [ad_2] Source link

[ad_1] New Delhi: Tesla is not interested in manufacturing cars in India, but is keen to have showrooms to sell its vehicles, heavy industry minister H D Kumaraswamy said on Monday.Officials said the EV giant's plans is focused on importing cars into the country, amid indications that Tesla is eyeing concessions under the India-US bilateral trade agreement to sell cheaper cars in India, without any commitment to manufacture locally. A top ministry official said since the deliberation with industry started to promote manufacturing of electric cars by global players, Tesla has not shown interest. tnn [ad_2] Source link

[ad_1] BENGALURU/MUMBAI: Infosys promoters hold 54.2 crore shares (14.6% of total company shares), a stake so significant that the company's latest dividend payout at Rs 43 per share translated into Rs 2,330 crore, shared among them. Infosys announced a total dividend of Rs 43 per share, including an interim dividend of Rs 21 per share for FY25. The total payout is a 52% jump compared to the Rs 1,527-crore dividend payout in FY24. Chairman Nandan Nilekani, owns four crore shares, earning him Rs 175 crore in dividends. Infosys co-founder NR Narayana Murthy holds 1.5 crore shares, reaping Rs 65 crore in dividends. The other promoters include Kris Gopalakrishnan with nearly 3.2 crore shares and dividends of Rs 137 crore. Sudha Gopalakrishnan maintains the highest individual shareholding of 9.5 crore shares, resulting in dividend earnings of Rs 410 crore. High Net-Worth […]

[ad_1] NEW DELHI: As Indian carriers prepare to increase their share in international airtravel in and out of the country, India's largest airline IndiGo has reacted sharply to Emirates' long-standing demand for more flying rights for Dubai."First of all, it's called a bilateral agreement, right? That means two sides have to agree on something. If one side makes more and more noise, it doesn't mean you're more and more right. It's not that if one side says, 'now we do it' - that's not how it works," IndiGo CEO Pieter Elbers said at the IATA AGM on Monday, without naming Emirates.On Sunday, Emirates Airlines president Tim Clark said: "We've been stuck with 65,000 seats in each direction (Dubai-India and vice-versa) for just over 11 years now. Fifteen years ago, the population to Dubai was about 25 lakh. This is over […]