Morning Buzz: Disney plans to stay in India, InterGlobe plans to launch air taxi service, and more
Here are the top business headlines this morning to get your day started
Disney plans to stay in India
Disney would like to maintain its presence in the Indian market, even though Hotstar has been losing subscribers in the last year. The statement from CEO Bob Iger comes as the company is exploring a sale for its India television and streaming business and has pegged the valuation at $10 billion. Iger said that the TV business makes money, but other parts have been challenging for the company.
(Economic Times, Financial Express)
InterGlobe plans to launch air taxi service
From 2026, the 60- to 90-minutes road journey from Connaught Place to Gurugram would reduce to just 7 minutes. InterGlobe Aviation has tied up with California-based electric taxi firm Archer Aviation to provide the service. Separately, it has also tied up with lifestyle brand Mokobara to launch a collection of premium luggage.(Economic Times, Times of India, Financial Express, BusinessLine)