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BusinessPhoto: ET MarketsITC is forecasted to report a weak Q2 with cigarette volumes declining 8% and cigarette operating profit dropping up to 29% year-on-year due to tax hikes. Nuvama expects consolidated revenue to fall 3% and EBITDA to decline 20%. Growth in FMCG and paper segments may partially offset the impact.
ET Markets·
EntertainmentPhoto: HT EntertainmentAt the pre-release event of Mookuthi Amman 2 in Chennai, director Sundar C addressed rumors about heavy AI use in the film's CGI. He stated that out of nearly 3000 CGI shots, only 15 used AI. He praised the 400-artist CGI team who worked for over a year and a half, emphasizing the film’s extensive manual effort by Tamil Nadu technicians.
HT Entertainment··Chennai
WorldPhoto: Firstpost WorldRussia announced that an industrial facility near Moscow was hit, with no casualties reported so far. In the Nizhny Novgorod region, over 100 Ukrainian drones were destroyed during a massive drone attack, according to regional governor Gleb Nikitin. Separately, Russian forces struck an industrial enterprise in Ukraine's Poltava region, near Kremenchuk, where a previous attack killed three and injured 32 people.
Firstpost World·
EntertainmentPhoto: HT EntertainmentActor Saurabh Sachdeva stated he is unfazed by the criticism surrounding the film 'Ramayana,' which stars Ranbir Kapoor as Lord Ram and is directed by Nitesh Tiwari. He emphasized that the film was made with care and authenticity despite public scrutiny over visual effects and casting. Sachdeva acknowledged the sensitivity of religious subjects and said the team expected strong reactions but remains confident in their work.
HT Entertainment··Mumbai
SportsPhoto: NDTV CricketIn the 5th and final T20I at Seddon Park, Hamilton, Vaibhav Sooryavanshi might return to India's playing XI after being benched in the 4th match. India lost the 4th T20I by 87 runs, ending hopes of a clean sweep. New Zealand players like Glenn Phillips aim to maintain momentum, with Phillips close to breaking the record for most runs in a bilateral 5-match T20I series.
NDTV Cricket··Hamilton
BusinessPhoto: Mint MarketsPartners Group Holdings AG has limited withdrawals from an $8.6 billion private equity fund targeting wealthy investors. This move highlights concerns in the private equity industry, which relies heavily on the wealth market for growth. While fund gates are common in private equity, this recent action signals potential challenges for the sector.
Mint Markets·
ET Markets·
Photo: ET MarketsITC is forecasted to report a weak Q2 with cigarette volumes declining 8% and cigarette operating profit dropping up to 29% year-on-year due to tax hikes. Nuvama expects consolidated revenue to fall 3% and EBITDA to decline 20%. Growth in FMCG and paper segments may partially offset the impact.
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