The Hindu Huddle amid a โworld in transitionโ
At The Hindu Huddle, Karnataka Chief Minister D. K. Shivakumar says Bengaluru is โthe biggest talent pool in Asiaโ, appreciates The Hinduโs editorial integrity and โvery straightโ pen
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At The Hindu Huddle, Karnataka Chief Minister D. K. Shivakumar says Bengaluru is โthe biggest talent pool in Asiaโ, appreciates The Hinduโs editorial integrity and โvery straightโ pen
To be moderated by Narayan Lakshman, Opinion Editor of The Hindu and Curator of The Hindu Huddle, the session will feature artists Seema Kohli, Shilo Shiv Suleman, and art collector and founder of Bengaluruโs Museum of Art and Photography Abhishek Poddar
The ED action comes a month after the company won creditor approval for a major demerger, splitting the conglomerate into four entities.
China is pitching itself as the global fulcrum for the next phase of artificial intelligence and a legion of robotics companies is lining up initial public offerings to test investor appetite.Unitree Robotics, one of the most recognizable names in the industry after its robots practicing martial arts made headlines, on Monday received approval for a listing in Shanghai. Its IPO will serve as an early test for what could be a broader wave of offerings. Hong Kong alone has at least 46 robotics-related companies in the pipeline, more than 10% of applicants, according to a report. Companies that have filed IPO applications include Leju Robotics and Deep Robotics. โChinese humanoids are one step closer to IPOs, igniting market interest on humanoids in the second half of 2026,โ Sheng Zhong, head of China industrials research at Morgan Stanley, wrote in a note. โFunds from most of the Chinese humanoidsโ IPOs will go toward R&D, especially robot models.โ The deep pipeline of robotics IPOs mirrors the fast rise of Chinaโs AI ecosystem, where an array of listings whipped up an investor frenzy in the past six months. It also aligns with Beijingโs push to shift high-tech industries from innovation to large-scale deployment. China is rushing to set the pace of funding, industrialization and ultimately leadership in what Nvidia Corp. CEO Jensen Huang calls โphysical AI.โ Shares of OneRobotics (Shenzhen) Co. jumped as much as 18% in Hong Kong on Tuesday, while component maker Leader Harmonious Drive Systems Co. gained as much as 11% on the mainland. 131456136โThis is the decade of the robot โ and it belongs to China,โ Barclays analysts, including Zornitsa Todorova, wrote in a note last month. โThis leadership reflects a decade-long, state-guided push.โThe firm says Chinaโs robotics roll-out is already unmatched, accounting for 50% of global industrial robots and 85% of humanoids in 2025. Backed by coordinated industrial policy and tight supply-chain control, humanoids could reach about 3.8% of the nationโs labor capacity by 2035, it estimates. Unitree got a nice shoutout from Nvidiaโs Huang on Monday, when he showcased his companyโs endeavors in robotic AI. The two companies have partnered to build humanoid โreferenceโ machines, featuring five-fingered hands and built-in chips to replace cumbersome โFrankenrobotsโ in research labs.Some investors remain more cautious, though, when looking at the companiesโ fundamentals. Many robotics firms are expected to burn cash for years and concerns are mounting that valuations could run ahead of earnings.A gauge of humanoid robot stocks has fallen about 13% this year, after registering a 47% gain in 2025. ChinaAMC CSI Robot ETF, a major exchange-traded fund tracking robot-related stocks, has seen net fund outflows for most of this year. Valuations were also elevated, with the sector trading at about 40 times forward earnings, compared with about 14 times for the CSI 300 Index, according to Bloomberg-compiled data.โInvestors trading at such elevated valuations are typically not driven by long-term fundamentals, but rather by the pursuit of short-term price gains,โ said Shen Meng, a director at Beijing-based investment bank Chanson & Co. โIt indicates that sentiment is driven more by market dynamics than by conviction or long-term vision.โThe state-run China Securities Journal also struck a cautious tone in an editorial published Tuesday, warning that pre-IPO valuations may outpace fundamentals, with many firms still unprofitable, raising the risk of a sharp correction if growth or commercialization disappoints. Still, prospective issuers can look at the performance of China tech IPOs this year, with many listings thousands of times oversubscribed and producing big gains on their debuts. Two of those companies, AI model developers Knowledge Atlas Technology Joint Stock Co. and MiniMax Group Inc. last month gained inclusion in the Hang Seng Tech Index after massive rallies since their January listings. For investors, the robotics companies can also offer a way to benefit from the rapid expansion of a cutting edge industry, said Zhou Nan, founder and investment director of Shenzhen Long Hui Fund Management Co.โWith continued advances in AI, the robotics sector is poised for substantial long-term growth,โ Zhou said. โRobotics is expected to become a key driver of enterprise value, and progressively complement or replace human labor across a wide range of use cases.โ
Hundreds of Wikipedia editors are threatening a potential strike after the Wikimedia Foundation disbanded its Community Tech team. Volunteers fear this move will leave community-requested tools and technical support neglected, potentially impacting the platform's daily operations and content maintenance.
J&K CM Omar Abdullah will be engaged in candid dialogue with Dr. Narayan Lakshman, Opinion Editor, The Hindu, and Curator, The Hindu Huddle, in a session titled โBeyond the Valley: The role of Kashmir in great power politicsโ on June 5
The shares of Ranbir Kapoor-backed Prime Focus gained over 2% to their day's high of Rs 247.40 on the BSE on Friday after the post-production and visual effects company reported a consolidated net profit of Rs 82 crore for the fourth quarter of FY26, as against a net loss of nearly Rs 231 crore in the same quarter of FY25.Sequentially, the net profit grew more than 16% from the Rs 71 crore reported in the third quarter of FY26. Profit before tax and exceptional items, however, declined nearly 29% YoY to Rs 88 crore in Q4 FY26 from Rs 123 crore in Q4 FY25.Revenue from operations, meanwhile, jumped more than 42% year-on-year (YoY) to Rs 1,375 crore during the January-March quarter of FY26, from Rs 967 crore in the corresponding quarter of the previous financial year.Prime Focus saw its total expenses rise nearly 26% YoY to Rs 1,262 crore during the quarter under review, while total income increased around 20% YoY to Rs 1,350 crore. The companyโs earnings per share (EPS) rose to Rs 1.14 in Q4 FY26 from a negative Rs 7.70 in the year-ago period, after exceptional items.Insolvency plea against Prime FocusThis comes after the Mumbai bench of the National Company Law Tribunal (NCLT) earlier in May orally pronounced admission of an insolvency petition against Prime Focus filed by Reliance Alpha Services under Section 7 of the Insolvency and Bankruptcy Code (IBC). The petition relates to an alleged financial debt of Rs 353.79 crore, including interest.Prime Focus disputed the claim, saying no amount was ever disbursed under the 2019 loan agreement cited in the petition and argued that the petitioner therefore does not qualify as a โfinancial creditorโ under the IBC. The company said that it has already approached the National Company Law Appellate Tribunal (NCLAT) seeking urgent relief, including a stay on the operation of the order.Later NCLAT ordered a stay on the order, which was challenged in the Supreme Court. The company announced on Wednesday that the apex court has dismissed the appeal against the stay.Founded by Namit Malhotra in 1997, Prime Focus has grown into a global leader in visual effects and post-production. Its subsidiary, Double Negative (DNEG), has won multiple Academy Awards for work on films such as TENET, Dune: Part One, and Dune: Part Two, bringing its Oscar tally to eight.The group is also producing Ramayana, a two-part adaptation directed by Nitesh Tiwari and backed by Namit Malhotra. The film, starring Ranbir Kapoor, Yash and Sai Pallavi, is being positioned as one of the most ambitious and expensive Indian film projects to date.Prime Focus share pricePrime Focus shares have delivered 116% returns over one year. The stock has however fallen around 24% in one month and 1% in one week to close at Rs 239.85 apiece on NSE on Wednesday. In the longer term, the shares of the company have gained 162% in three years and 287% in five years.The company has a market capitalisation of more than Rs 18,639 crore. The stock has been in focus in recent months after reports of actor Ranbir Kapoor investing between Rs 15โ20 crore in Prime Focus Studio through a preferential issue of shares.The company had earlier approved the issuance of over 46 crore shares, with Kapoor among the proposed allottees aiming to acquire about 12.5 lakh shares, although independent verification of the final allotment has not yet been confirmed.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Select students of Galgotias University will gain access to internship opportunities with The Hinduโs editorial teams, collaborative publishing opportunities for visual communication projects, curated workshops, field visits, and structured interventions by media professionals.
Kerala Waqf Board completes registration of controversial land on UMEED portal. In a strongly worded editorial in Catholic Church-backed mouthpiece Deepika, Church warns that registration is not merely a challenge faced by 610 affected families in Munambam, but โa threat confronting secular Kerala itselfโ
EGI calls upon government to stop treating media as an โadversaryโ
Lenders to Anil Ambani-promoted Reliance Capital are likely to recover just about โน10,000 crore after the winning bidder, Hinduja Group, declined to significantly improve its offer in the last round of bilateral negotiations that ended on Monday evening, people aware of the development told ET. The recovery, totalling about โน10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the โน12,500-13,000 crore estimated liquidation value. A Hinduja Group entity, IndusInd International Holdings, offered โน9,650 crore in the extended auction held on April 26. Hinduja improved the offer by only โน10 crore during the bilateral negotiations, the people cited above said. In addition, the distressed financial services company has around Rs 430 crore as cash balances, which would be distributed among the lenders. This would add up to Rs 10,090 crore, equating to a 43% recovery for verified lenders.Administrator Nageswara Rao Y has admitted Rs 23,666 crore in claims from verified creditors."Hinduja Group will submit a detailed resolution plan by next week while lenders are in the process of finalising distribution of the proceeds," one of the persons cited above said. After this, the administrator will invite lenders to vote on the eligible plans.However, resolution of Reliance Capital will be subject to approval from the Supreme Court, which is scheduled to hear in August the auction-related dispute between Torrent Investments, a bidder also in the fray in the earlier rounds. 100459497Crucial LIC, EPFO RolesThe stand by LIC, the Employees' Provident Fund Organisation (EPFO) and JC Flowers Asset Reconstruction Co on approving the plan will be critical since they are majority debtholders. Yes Bank, an original Reliance Capital lender, sold its debt to JC Flowers ARC. A resolution plan can be approved only if 66% of creditors vote in its favour.Separately, Credit Suisse-led bondholders have decided not to contest a decision by the National Company Law Tribunal (NCLT), which directed them to return the custody of Reliance General Insurance shares to the administrator, said the people cited above.This has come as a major relief to the lenders that were worried the resolution might be delayed if Credit Suisse-led bondholders appealed against the tribunal's order.In 2018, Credit Suisse-led investors invested in bonds issued by Reliance Home Finance, a Reliance Capital unit. The home finance company failed to honour the payment on the due date.
NEW DELHI: Law Minister and senior BJP leader Ravi Shankar Prasad on Wednesday described the arrest of Republic TV Editor-in-Chief Arnab Goswami as "seriously reprehensible, unwarranted and worrisome."He also questioned the silence of the Congress leadership when its government in Maharashtra was "blatantly suppressing freedom of press."Police on Wednesday arrested Goswami in Mumbai for allegedly abetting suicide of a 53-year-old interior designer, a police official said."The arrest of senior journalist Arnab Goswami is seriously reprehensible, unwarranted and worrisome. We had fought for freedoms of Press as well while opposing the draconian Emergency of 1975," Prasad said in a series of tweets.The arrest of senior journalist #ArnabGoswami is seriously reprehensible, unwarranted and worrisome. We had foughtโฆ https://t.co/d5fY66b1w5โ Ravi Shankar Prasad (@rsprasad) 1604465175000He said while Congress leaders Sonia and Rahul Gandhi have attacked the Modi government "through motivated charges of attack on institutions" yet they are completely silent when their own government in Maharashtra is "blatantly suppressing freedom of Press."He claimed it to be a "textbook case of hypocrisy."Sonia Gandhi and Rahul Gandhi have openly attacked @narendramodi Govt through motivated charges of attack on institโฆ https://t.co/TZHS3W6pFJโ Ravi Shankar Prasad (@rsprasad) 1604464512000"One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature of Arnab Goswami by abuse of police power, because he was asking questions, is something which we all need to condemn," the Union minister said.One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature ofโฆ https://t.co/uc4hEu3uA4โ Ravi Shankar Prasad (@rsprasad) 1604463867000The ruling alliance in Maharashtra comprises the Shiv Sena, the Congress and the Nationalist Congress Party.