Morning Buzz: Disney-Star could face a downgrade post Zee-Sony merger collapse, India to remain fastest growing major economy till FY25, and more
Here are the top business headlines this morning to get your day started
Disney-Star could face a downgrade post Zee-Sony merger collapse
The fallout of the Sony-Zee merger collapse is likely to be felt. Analysts now say Disney Star could see a downgrade estimated at $2 billion from the impact of the Zee-Sony deal. Analysts have already downgraded the Zee stock after reports that the deal was terminated earlier in the week. The Reliance-Disney valuation depends on the ICC TV deal. Reliance and Disney had signed a non-binding term sheet to merge Viacom18 and Disney Star.
(Economic Times)
India to remain fastest growing major economy till FY25
India is likely to remain the fastest-growing major economy in the world in the current year and the next, according to a Reuters poll of economists. This buoyancy will be due to sustained government spending on infrastructure and the central bank is starting to have control over inflationary pressures. The Reuters poll of 54 economists estimated the economy to grow 6.9 percent this fiscal year and then forecast to expand 6.3 percent next fiscal year, the same as in the previous poll.(Reuters India)