Skydance has completed its $110 billion merger of Paramount and Warner Bros. CEO David Ellison said layoffs are coming. He said the cuts are aimed at integrating operations and reducing costs.

Pranati Deva is a senior sub editor at LiveMint with more than a decade of experience in high-pressure newsroom roles. Her reporting focuses on stock markets, listed companies, currencies and commodities, with a strength in fast-paced, real-time market coverage. She has worked across several Indian news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com.

API3 gained 11.34% as USD 120.98 million turnover reached 2.35x market cap; negative perpetual funding adds squeeze risk.

The Reserve Bank of India raised its repo rate by 25 basis points to 5.5% and shifted its policy stance to “calibrated tightening,” aligning with a broader global tightening cycle. The central bank expects headline CPI inflation to average 5.8% over the next three quarters, while core CPI is projected at 4.4% for financial year 2027. Despite global economic uncertainty, it lifted its financial year 2027 GDP growth forecast to 7.1% from 6.7% and adjusted its quarterly projections.

ORCA rose 27.90% in 24 hours as turnover reached 1.29x market cap, while the wider crypto market declined.

NMR gained 37.88% in 24 hours after KRW and USDT markets opened, while USD 166.92 million of volume lifted turnover to 1.42x market cap.

Nifty 500 constituents opened mixed, with PTC Industries rising more than 4% and hitting a record high after launching a QIP to raise up to ₹1,800 crore. Titan Company fell even after releasing a strong second-quarter business update. Chennai Petroleum gained as much as 4.5% and was up more than 73% since the beginning of the year, while Prime Focus dropped more than 5%.

Credit-scoring company Fair Isaac (FICO) said it will cut nearly 15% of its workforce, affecting about 570 employees, as part of a broader restructuring focused on AI. The company said the changes are intended to speed up operations and bring new products to market faster. It said the shift should help it “operate and bring innovations to market faster,” according to Reuters.