Ajay Devgn launch AI company ‘Prismix’
Ajay Devgn has launched a new AI company, dubbed ‘Prismix’, which he claims will help the film industry in a multitude of ways. The firm will emphasize the development of high-end visual effects throughout the cinematic landscape.
Ajay wants to beat those times with the aid of artificial intelligence. He thinks that will allow filmmakers to more freely realize ideas they may otherwise have had trouble translating into movie form.
The actor, who described the gig as a marriage of his love for technology and storytelling, expressed his excitement. The industry and fans are waiting to see how Prismix is going to revolutionize the performance of visual effects.
D2C Ice-cream startup ‘Hangyo’ profit 2x in FY24
In the fiscal 2024, the profits of Hangyo, a D2C (direct-to-consumer) ice-cream startup has doubled. The company experienced rapid growth as more customers opted for its products. As Hangyo emphasized on quality and unique flavors, it was able to occupy that niche segment in the market.
The startup also reached out to make its ice creams available in more locations. Such success reflects how Hangyo is touching hearts and growing rapidly in the ice-cream industry, which is highly competitive.
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Rusk Media raise Rs 74 cr in Series B
Rusk Media raises Rs 74 crore in Series B funding round The company, which is known for its digital content creation, said it would use the funds to expand its operations and create more compelling content.
Investors had high confidence in Rusk Media’s potential to engage Gen Z audiences. With this funding, the company moves forward to broaden its reach in the digital entertainment space.”
The team stated they were looking forward to the future and to delivering new stories that would resonate with audiences.
D2C jewellery brand GIVA raise Rs 50 cr debt
GIVA, a direct-to-consumer (D2C) jewellery brand, has secured Rs 50 crore in debt funding. The money comes courtesy of Stride Ventures and other investors.
GIVA will utilise this fund to expand the business wing, enhance technology and widen the product spectrum. Its affordable and statement silver jewellery is well received by the market.
GIVA is poised to expand its customer base and reinforce its position in the market with this funding. The company expects to keep growing in the future, and it wants to provide luxury jewellery to everyone.
Sun Pharma acquire Therapeutics for $355M
Sun Pharma to acquire Concert Pharmaceuticals for $355 million. This agreement will enable Sun Pharma to further expand into the dermatology market.
Concert Pharmaceuticals: Developing treatments for skin diseases Sun Pharma will pay $8 a share, a 33% premium over Concert’s recent stock price.
The deal is expected to be completed in the first quarter of 2024. This acquisition enhances the standing of Sun Pharma in the international pharmaceutical sector.
For shareholders and industry experts, it’s a savvy move to open up future growth. The deal raises hopes for a new and effective skin treatments.
India’s inflation likely to fall to 3.80% in February
Recent reports indicate that India’s inflation will decrease to 3.80% in February. The drop has occurred as food and fuel prices have cooled, providing relief to households and businesses.
Economists say improved supply chains and steady global oil prices are to thank for the slowdown. The lower inflation rate might also provide the central bank with additional scope to bolster economic growth.
Many are hoping that this trend is here to stay, as it allows for a little more financial breathing room for millions of Americans.
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