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
Capital markets regulator SEBI barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities.The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and
In a testament to India’s burgeoning luxury real estate market, there has been an unprecedented surge in ultra-luxury residential sales. Over the past three years, a staggering 49 ultra luxury homes, each commanding a price tag of Rs 100 crore or more, have changed hands in the country’s premier metropolitan hubs of Mumbai and Delhi-NCR
The Reserve Bank of India (RBI) is likely to go for a rate cut in its April MPC meeting, which may prompt banks to lower the interest rates on their fixed deposits further. It may be noted that some of the banks and financial institutions have already reduced their FD rates following the 25 bps
In a recent Twitter post Elon Musk announced that “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk had bought Twitter/X for $44 billion in 2022. Therefore, for all practical purposes, there is a clear loss of over $11
As the financial year FY26 begins, the last trading session of FY25 comes with a festive pause. Indian stock markets will remain closed on Monday, (March 31), on account of Eid-Ul-Fitr (Ramzan Id). This marks an extended break for investors, with trading resuming on Tuesday, April 1. No trading on BSE, NSE on March 31
