Poonawalla to acquire 50% in Dharma Productions for 1,000 crore
NEW DELHI: Adar Poonawalla-led Serene Productions announced that it will invest Rs 1,000 crore into Karan Johar’s Dharma Productions and Dharmatic Entertainment. Serene Productions will hold a 50% stake in Dharma, with Karan Johar retaining the remaining half.The collaboration aims to transform content creation, distribution and audience engagement by integrating
Bruce Ames, 95, Dies; Biochemist Discovered Test for Toxic Chemicals
The Ames Test offered a fast and inexpensive way to identify carcinogens, leading to the banning of chemicals linked to cancer and birth defects. Source link
Perplexity AI seeks $8 billion valuation in new round, WSJ says
Artificial intelligence search company Perplexity AI has started fundraising talks in which it aims to more than double its valuation to $8 billion or more, the Wall Street Journal reported Sunday.Perplexity has told investors it hopes to raise about $500 million in the new funding round, the Journal said, citing
Ward Christensen, Early Visionary of Social Media, Dies at 78
Housebound during a 1978 blizzard, he and a friend began devising the first computer bulletin board, a forerunner of online services like Reddit, TikTok and Facebook. Source link
Hyundai IPO GMP: Grey Market Premium surges to 5% over issue price as India’s largest IPO lists tomorrow
In the grey market, Hyundai’s shares are currently trading at Rs 2,067. Hyundai IPO listing: The grey market premium (GMP) for Hyundai’s IPO has experienced a significant turnaround, rising to 5% from a previous dip of -3%. This shift in GMP indicates an improvement in investor sentiment surrounding Hyundai, suggesting
Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR
MUMBAI: Is a softy ice-cream mix made of milk or sugar? According to a recent ruling given by the GST Authority for Advance Rulings (AAR) – Rajasthan bench, the product’s major component is sugar, not milk. Further, since it contains additives like stabilizers and flavorings, it is no longer a
UltraTech Cement Q2 profit at Rs 825.18 crore
NEW DELHI: UltraTech Cement Ltd on Monday reported a consolidated net profit of Rs 825.18 crore for the September quarter. The leading cement maker posted a consolidated net profit of Rs 1,280.38 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory
Elon Musk’s Big Business and Conflicts of Interest With the U.S. Government
Mr. Musk, who holds billions in federal contracts, wants to be in charge of the regulators that oversee him if Donald Trump wins. Source link
Disney Names James Gorman Chairman, Sets ‘Early 2026’ for C.E.O. Change
In a board shake-up, James Gorman, a director in charge of planning for a successor to the chief executive, Robert A. Iger, will become chairman on Jan. 2, 2025. Source link
Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers
David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing. Source link