Tag: Billion
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Biocon to Consolidate Biologics Division in $5.5 Billion Merger
Biocon Ltd will integrate Biocon Biologics Ltd as a wholly owned subsidiary in a deal valuing the unit at $5.5 billion, the company said on Saturday. Biocon will acquire the remaining stake in Biocon Biologics from Serum Institute Life Sciences, Tata Capital Growth Fund II and Activ Pine LLP via a share swap of 70.28…
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Netflix Acquires Warner Bros. Studio and Streaming Business for $72 Billion
NEW YORK : Netflix has struck a deal with Warner Bros. Discovery, the legacy Hollywood giant behind “Harry Potter” and “Friends,” to buy its studio and streaming business for $72 billion. The acquisition would bring two of the industry’s biggest players in film and TV under one roof and alter the entertainment industry landscape. Beyond…
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GIFT City Banking Assets Surpass $100 Billion Amid Surge in Trade Finance and Structured Products
New Delhi: Banking assets in GIFT City have exceeded USD 100 billion, with growing demand for trade finance, treasury and structured products, an HSBC and EY India compendium said.The compendium offers a structured view of the regulatory, tax, and operating environment that underpins the International Financial Services Centre at GIFT City in Gandhinagar. The compendium…
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Netflix Secures $59 Billion Loan for Warner Bros Acquisition
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix is relying on one of the largest loans of its kind to finance its $83bn takeover of Warner Bros Discovery, with a bridge loan led by Wells Fargo to fund the cash portion of…
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Putin’s Arrival Boosts $100 Billion Nuclear Fuel Deal in Tennessee
At the 23rd India-Russia summit-level talks today (December 5) between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, one of the topics that might have consumed more time was the further expansion of nuclear cooperation between the two countries. In his much-talked-about interview with India Today on the eve of his trip to…
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Russia and India Target $100 Billion Trade Relationship by 2030
New Delhi: Russian Finance Minister Anton Siluanov expressed confidence that Russia and India can reach their shared goal of achieving USD100 billion in trade turnover by 2030, citing rapid growth in recent years and expanding cooperation across multiple sectors. In an interview with Russian Media outlet Izvestia, Siluanov pointed to the opening of VTB Bank’s…