Media company Prime Focus this week announced that one of its units, Brahma, would acquire London-based AI content firm Metaphysic in a deal valued at $1.43 billion. Brahma is part of DNEG, a visual effects and animation firm, which was acquired by Prime Focus in 2014. In a conversation with Viveat Susan Pinto, Prime Focus
Tata Communications, through its partnership with artificial intelligence solutions developer CoRover.ai, will build on the proposition of Sovereign AI to expand its B2B digital solutions business. The partnership will use Tata Communications’ Sovereign Cloud and digital infrastructure and CoRover.ai’s conversational AI and generative AI solutions for government departments and enterprises across different functions. Sovereign AI
Oravel Stays, the parent company of Oyo, on Wednesday announced it is launching its European holiday home brand DanCenter in India. Under the brand, the company will initially offer luxurious villas in North Goa’s Siolim. DanCenter is a vacation home management brand founded in 1957. It allows homeowners to list their properties for stays through
Patanjali Foods Ltd on Wednesday announced that the Supreme Court has quashed the Rs 186 crore tax demand imposed on the company. The move came as part of a Special Leave Petition (SLP) filed by the Principal Commissioner of Income Tax, Central 4. The SLP was filed against a ruling by the Bombay High Court.
The standoff between Samsung India’s management and striking workers at its Chennai plant is set to escalate. The workers’ union, backed by the Centre of Indian Trade Unions (CITU), on Wednesday alleged that the company is threatening to suspend 18 more workers from the newly-formed Samsung India Workers Union (SIWU). Representatives of the CITU-backed SIWU
Cyient Limited on Wednesday announced that it has appointed Sukamal Banerjee as Executive Director and Chief Executive Officer of the company for a period of 5 years with effect from 19 February 2025. Sukamal Banerjee would be a Key Managerial Personnel and part of the senior management. In a regulatory filing, the company said, “We
India’s power sector – the biggest carbon emitter – will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge, Moody’s Ratings said on Wednesday. Stating that the power sector accounts for around 37 per cent of carbon emissions in the country, the rating agency
Despite ongoing global uncertainty, salaries in India are projected to increase by 9.2% in 2025, according to Aon plc’s (NYSE: AON) Annual Salary Increase and Turnover Survey 2024-25. The study highlights that engineering design services and auto/vehicle manufacturing sectors are expected to witness the highest salary growth at 10.2%. In contrast, the real estate and
A decade after entering India’s luxury residential real estate market, the Trump Organization is now expanding into the commercial sector. The company announced the launch of Trump World Centre in Pune, marking its first commercial project in the country. The development, a partnership between Tribeca Developers and Kundan Spaces, will feature two high-rise glass towers
The family battle in Raymond Group seems to have ended with Nawaz Modi Singhania, estranged wife of chairman and managing director Gautam Singhania, deciding to step down as a director on the board. The company said the resignation is effective Wednesday. “We thank Nawaz Modi Singhania for her services as a board member over the
All-electric ride-hailing platform BluSmart Mobility is restructuring its operations as part of an ongoing effort to streamline its financials. The company, which generates monthly revenue of Rs 70 crore, translating to an annual run rate of approximately Rs 840 crore, is making strategic adjustments to its fleet management, co-founder Puneet Singh Jaggi told FE in
The Securities and Exchange Board of India (SEBI) on Wednesday imposed penalties on former news anchor Hemant Ghai and two others, including his wife, for alleged fraudulent practices and barred them from dealing in securities for five years. The markets regulator has also fined Motilal Oswal Financial Services (MOFSL) for failing to adequately supervise authorised
The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has recommended a 12% provisional safeguard duty on some steel products to protect the local industry from below-cost imports. A final decision will be taken by the finance ministry. In a notification, the DGTR said critical circumstances exist wherein any delay in application for
