Black Country cinema aiming to bridge funding gap.

"The government has come up with Open Network for Digital Commerce (ONDC), an open network for digital commerce that is helping even the bigger e-commerce businesses," said Union Finance Minister Nirmala Sitharaman.

E-commerce platform Flipkart's logistics arm reported a more than five times surge in its net losses to Rs 1,718.4 crore last fiscal (FY24), compared to Rs 324.6 crore in the previous fiscal (FY23).

The Food Processing sector continues to attract significant investment, with several projects from companies such as Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products. These projects, located in Khurda, Baragarh, and Cuttack, will have a combined investment of Rs 1,542.04 crore and are expected to create over 1,358 jobs.

Despite the persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.

“With customers seeking more personalized experiences, the outlet will provide a holistic experience that will assist them in making the right decisions,” said Saurabh Agarwal, managing director, Kamdhenu Paints.

Furnishka will use the new capital to advance product design and development, strengthen manufacturing and supply chain capabilities, and expand to new geographies. The company will also expand its product categories focused on premium living room, dining room and bedroom collections, open six large-format stores, and create educational content to guide customers.

The brand is expecting at least a 30 per cent increase in corporate gift sales during the festive season, with a growing number of corporate clients opting for bulk purchases.

Rentomojo reported a 60% rise in operating revenue to Rs 193 crore in FY24. Controlled rise in expenses during the year saw net profit surge more than threefold to Rs 22 crore last fiscal from Rs 6 crore in FY23.

Borosil plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka. Besides, at its Jaipur unit, where Borosil has already invested Rs 450 crore to expand the production capacity, it has plans to invest Rs 100 crore for debottlenecking to improve efficiency and increase capacity further.

Commenting on Q2 performance, Stove Kraft's managing director Rajendra Gandhi said, “With positive market momentum supporting us, we remain committed to driving volume and value growth in revenue and margins in the upcoming quarters." He further said that ​​the company's expansion of Pigeon outlets through the COCO and COFO model has been promising. During this quarter, the firm added 22 new stores, bringing our total to 213.

Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.

Jubilant Foodworks Ltd., the operator of Domino's Pizza and Dunkin' in India, reported a lower net profit of Rs 66.53 crore in the second quarter, compared to Rs 97.2 crore in the same period last year. Despite the profit dip, revenue rose to Rs 1,954.72 crore from Rs 1,368.63 crore, fueled by expansion and growth in the Indian market.

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales.

Britannia Industries' revenue from operations increased by 5.29 per cent to Rs 4,667.57 crore in Q2 FY25, up from Rs 4,432.88 crore during the second quarter of the financial year 2023-24. On the company's quarterly performance, Varun Berry, vice chairman and managing director, said, “A ~8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories."

Swiggy's IPO, set to be the largest tech offering since Paytm in 2019, is expected to unlock Rs 9,000 crore in employee stock ownership, creating hundreds of crorepatis among its 5,000 current and former employees.

Parag Milk Foods reported a 15.9% rise in consolidated net profit, reaching Rs 29.21 crore in the second quarter ending September 2024. This compares to Rs 25.19 crore during the same period the previous year. The company saw a 10% volume growth and a 9% value growth. Total revenue from operations increased by 9.2% to Rs 871.

"During the quarter, the company maintained the growth momentum established in the first quarter. A strong performance across all major segments, supported by a robust order book, reflects increasing demand for its diverse product portfolio," said an earnings statement from Blue Star.

Infiniti Retail, that operates popular electronics retailer Croma, is preparing for a leadership transition. Shibashish Roy, the current Deputy CEO, will step into the role of CEO on November 18, 2024, succeeding Avijit Mitra. Mitra, who has been instrumental in Croma's growth.

Indian consumer electronics brand Elista plans to expand globally. The company aims to generate Rs 1,500 crore in revenue by 2026. Elista will expand its presence in over 35 countries in the next two years. The brand recently entered the Tanzanian market.

“We will first want to focus on growth in terms of top line and margins will take care of themselves. With a lot of operating efficiencies coming in, margin should take care of itself but we follow our mantra of “nothing at the cost of market and nothing at the cost of margin. So we will balance both together.”

“With this expansion, we are excited to connect with even more individuals and families, offering them a curated selection of products that inspire creativity and enrich everyday life," said Divyanshu Solanki, founder and CEO of the company.

India's Pidilite Industries , which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.

​​Santosh Raveshia, Managing Director, DOMS Industries Limited said, "As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers."

The term sheet indicates an indicative issue price of Rs 852 per share and a floor price of Rs 896 per share. Cello World’s stock closed at Rs 961 on July 3, indicating that the QIP is being launched at an 11% discount to the last closing price.

DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market.

Pidilite Industries has invested Rs 5 crore in Wify, a home improvement and maintenance services platform. This pre-series A funding round was led by Capria and Mount Judi Ventures, with participation from Blume Ventures. The investment aims to boost Wify's growth by enhancing its tech stack, expanding services, and strengthening its market position.

DOMS Industries Limited witnessed a 42.8% surge in consolidated profit after tax, reaching Rs 53.7 crore in Q2 FY25. This growth was fueled by a 19.7% rise in revenue, driven by strong sales in writing instruments, adhesives, and kits. The acquisition of a 51.8% stake in Uniclan Healthcare further bolstered the company's performance.

Titan Company's consolidated profit after tax declined by 23.1 per cent in the second quarter of this fiscal. However, the company's consolidated income increased by 26 per cent during the same period. Its international jewellery business experienced a significant income growth of 62 per cent. Caratlane, a subsidiary of Titan, also reported a 28 per cent increase in total income.

The Temasek and SoftBank-backed company’s operating margins also grew significantly, with Lenskart clocking an Ebitda of Rs 856 crore in FY24, against Rs 403 crore in the previous fiscal. In an interview with ET in October, Lenskart’s founder and chief executive officer Peyush Bansal had said the company is making a $200-million investment in its new manufacturing facility in southern India.

Raymond Lifestyle witnessed a significant 69.72% drop in its consolidated net profit for Q2 FY'25, reaching Rs 42.18 crore. This decline is attributed to subdued demand and inflationary pressures. Despite this, the company remains optimistic about the future, citing recent positive trends in the festive and wedding season and plans for retail expansion and new product launches.

Pernia's Pop-Up Shop is raising funds for its initial public offering. The company plans to use the funds to expand its retail network and become debt-free. The retailer aims to open more stores in Mumbai and Delhi. Pernia's Pop-Up Shop sells designer wear from various brands. The company achieved significant revenue growth in the last financial year.

Trent reported a 46.9% increase in consolidated net profit to Rs 335.06 crore in the second quarter that ended September 30, 2024. Revenue from operations grew by 39.3% to Rs 4,156.67 crore. The company expanded its store footprint, with 800 large-format fashion stores across 184 cities. Also, it opened new stores for both Westside and Zudio brands during the second quarter of this fiscal.

Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter due to higher depreciation and interest costs. Despite this, the company saw consistent growth driven by newer businesses and established brands. ABFRL recently announced the de-merger of its Madura business into a separate listed entity, ABLBL.

Kalyan Jewellers saw a 3.3% dip in consolidated net profit, reaching Rs 130.32 crore in Q2 FY25, compared to the same period last year. Despite this, revenue from operations rose to Rs 6,065.4 crore, contrasting with Rs 4,414.53 crore in Q2 FY24. Ramesh Kalyanaraman, executive director of the company said, "We recorded SSSG in excess of 20 per cent for the Diwali minus 30 days period when compared to the base year. ​​We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note."​​​​

Beauté Secrets, a D2C beauty tools firm, has secured Rs 1.6 crore in debt from Velocity to expand its presence on quick commerce platforms and introduce new products. Founded in 2010, the company plans to enter major retail outlets and launch new beauty tools, leveraging its sustainable profits for growth and expecting a festive season boost.

Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.

FirstCry’s IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through issuance of new shares and divestment of 54 million shares from existing investors.

Jammbo, founded in 2023, presently has about 50 products in its portfolio, focusing on ride-on battery toys such as electric cars and bikes. It aims to expand its portfolio to over 200 products by the end of the current fiscal year. The startup has set up its global presence by entering the UAE market. Further, it plans to expand to the U.S. and the U.K. markets this fiscal.

FirstCry reported a 15% increase in operating revenue to Rs 6,481 crore and reduced losses by 34% in FY24. The Pune-based firm's international business, which is seeing faster growth than domestic operations, reported a revenue of Rs 753 crore, growing by over 50%. The firm plans to use a significant portion of its IPO proceeds for expansion in Saudi Arabia.

The IPO of Brainbees Solution, known for its kidswear brand FirstCry, will open on August 6. It comprises a fresh issue of Rs 1,666 crore and an OFS of up to 5.4 crore shares. The anchor investor round will commence on August 5, a day before the IPO. The price band will be announced later in the week, as per the company's red herring prospectus RHP filed with Sebi.

Baby food startup Bebe Burp shared that it will utilise 60 per cent of the fund for growth, 20 per cent for operations, 10 per cent for product development, and the remaining for team building for a coherent production.

Millennium Babycares Ltd announced the closure of a Rs 122 crore private placement round with Bharat Value Fund (BVF), which acquired a significant minority stake. BVF is managed by Pantomath Capital and targets a corpus of Rs 2,000 crores. The funds will be used for market expansion in India and internationally.

Podcasting 2.0 introduced a new way for your audience to support your podcast by sending micropayments. This is usually measured by satoshis (abbreviated as "sats"), which are one hundred millionths of a Bitcoin. As such a small portion of cryptocurrency, many people might wonder whether the effort is even worth the return.

The post Are Podcasting 2.0 Micropayments Actually Worth It? first appeared on The Audacity to Podcast.

After a week away, WEMU's David Fair returns to chatting about cinema with Marquee Arts executive director Russ Collins. As they do every week, they deliver all of the details on new films and the many special screenings coming to Ann Arbor!

Is there a way to change the Microsoft voice Zira so she stops saying "Mississippi" when the word miss is used as a title or with a period at the end of it? I found two files (MSTTSLocEnUS.dat and MSTTSLocEnCA.dat) in the folder C:WindowsSpeech_OneCoreEnginesTTS that contain the text "mississippi" but they are both dat files and when I open them in Wordpad or Notepad, I cannot find the text. I looked in Windows Speech options and there is no place to fix pronunciations. I am using Windows 11 and it does not seem to happen when I use the David voice, only the Zira voice.

The 100 Best Film Noirs of All Time ...just what it says on the tin.

Before the onslaught of end of the year Best-Of lists, here is a solid top 100 for your palaver pleasure.

Big bonus points to Paste Magazine for publishing it on a single web page, rather than over a 25 page ad-filled link schmozzle.

We are looking to add some cross-genre material to our catalog. We are hoping to find brave compositions combining two or more genres, like in the following examples:

- Jazz meets Hip-Hop
Guru ft. Donald Byrd - Loungin’
- Rock meets Electronica
The Prodigy & Tom Morello - One Man Army
- Classical meets Pop
Woodkid - Run Boy Run
- Electronica meets Classical
The Glitch Mob - Fortune Days

Please note that we are not looking for copies of the referenced tracks, they are listed only as great examples of combinations of two or more genres. Filter Label is notorious for discovering new talent and setting new music trends, so please submit your best material and surprise us with what could be the next big thing. Songs with uncleared samples WILL NOT BE ACCEPTED. Please submit only professionally recorded and mastered songs.

We are proud to have a unique business model and an artist-friendly agreement. The music released on Filter Label is instantly included in our catalog for licensing placements which is sent out to top music supervisors and agents.

The songs by our talented artists can be heard in The OA, Exatlon, The Matrix Revisited, CSI, Nikita, on ads for McDonald's, Nike, Philip Morris, Nestle Wagner, Bank Millennium, in shows on MTV, CNN, Nat Geo, NBC, Al Jazeera, Esquire, Channel 4 and almost every major TV network in the world.

The first frost of the season probably isn’t too far away. Properly preparing the agricultural soil for next spring and summer is a matter of timing. Getting the cover crops in place is essential before a hard freeze occurs. The Washtenaw County Conservation District is working to make it convenient and effective for local farmers. Conservation technician Matt Dejonge explained it all in his conversation with WEMU's David Fair.

WATCH THE ARCHIVES HERE!

When COVID first shuttered churches in 2020, no one but God could have foreseen that it would lead to the largest-ever gathering at the Amazing Facts W.O.R.D. Center. Yet it did precisely that!

From June 12 to 15, 2024, a record number of youth attended Stand: Unshakeable Faith, the 2024 Amazing Facts Youth Conference—including setting a record one-day Sabbath gathering of 1,500 people, who gathered to hear Pastor Doug Batchelor, president of Amazing Facts International, present his message to young people, “Standing on the High Ground.” Watch archives of this and other 2024 AFY Conference presentations by visiting www.afyouth.com.

Many young people traveled long distances to participate in the conference, which was designed to help them develop a resilient faith in the face of secular culture and peer pressure. They were joined by thousands more online! We praise God that the Holy Spirit moved mightily, as hundreds of youth recommitted to living for Jesus in these last days of Earth’s history. 

Said Pastor Doug, “This youth conference gave me such joy and hope for the future of our church. It was absolutely thrilling to see so many young people come to hear the Word.”

Throughout the weekend, speakers explored what it means to stand firm for Jesus. Their messages focused on being filled with the Holy Spirit, watching and praying with Christ, being a part of the remnant, understanding God’s love story for us, and the role of trials in our growth. Along with Pastor Doug, speakers included Anil Kanda, Carlos Muñoz, Diamond Garcia, Anella Poljak, and Darcee Christensen.[PQ-HERE]

AFY: Humble Beginnings

Worried about the church losing youth to the isolation of COVID restrictions and social distancing, Tony Scarpino, a youth leader at the Granite Bay Hilltop Church, took their Sabbath School programs online. Those initial social media broadcasts became the seed of Amazing Facts Youth (AFY), a worldwide ministry that meets online twice weekly, prays earnestly for one another, and leads out in the conference. 

From those humble beginnings, God has worked mightily to grow and prosper the movement, including leading Amazing Facts to present an annual youth conference. “I am in awe of what God did at this year’s conference,” says Tony. “I saw families coming alive together. The little kids were vibrant, the youth were engaged, and the parents were involved. It was incredible!”

Attendees from as far away as Honduras and New York enjoyed the engaging presentations, united prayer, community outreach, and fellowship with like-minded individuals. Evening sessions, free meals served by the local church members, and an afternoon outing to an adventure park provided opportunities for fun and friendship. 

“This was a wonderful weekend for our family,” reflects Tamara from Dayton, Ohio. “As a mom, I’m always looking for ways to get my boys involved in things that will grow their faith.”

For the first time, this year’s conference included presentations designed for kids. Presented by Amazing Facts evangelist Daniel Hudgens, Amazing Adventures introduced younger children at the conference to the importance of the Bible, standing against sin, and walking with Jesus. The kids also enjoyed music and rousing Bible games.

A Place Where Youth Have a Voice

Over the past four years, Tony and others have helped mentor a team of dedicated youth who now run AFY’s weekly meetings. The youth team even chose the theme Stand: Unshakeable Faith for the 2024 conference and organized many aspects of the event. “The youth have a real voice here,” says Tony.

On the final night of this year’s conference, Pastor Anil Kanda urged the youth not to let the enthusiasm they experienced at the conference end with the event. He said, “God is going to need another generation to rise up and stand in the gap. I’m getting a lot of grey hairs, [and] Pastor Doug isn’t always going to be here. God is calling you to share His love with the world. He is not interested in how prepared you are. He is interested in how willing you are. He will open incredible doors if you are willing.”

His message hit especially hard for the youth, who are challenged by worldly entertainment and distractions unlike at any other time in history. Aleah, a teen from California, says, “The meetings explained exactly what I’ve gone through.”

Her friend Marissa was also blessed by the speakers’ messages, saying, “They have been really helpful to me. The speakers have shown me how necessary it is to spend time with God each day and how to make it a priority.” 

Sharing the gospel is an essential part of every AFY conference. On Friday afternoon, after specialized AFCOE training with Carlos Muñoz, AFCOE director, and other staff, over 200 energetic youth went into the community to give out biblical literature and pray with people. 

An hour later, they returned eager to share what God had done. “This was my first time going door-to-door,” said Shivani. “I was very nervous, but we gave out all our books and prayed for seven or eight people. I realized that a lot of people are hurting, so I’m thankful God gave me the courage to go out. It was a good experience.”

Welcome to the AFY Family

Edward, a psychology student, is a leader at AFY who has been an active member ever since the first Zoom meeting. Smiling brightly, he shares, “We’ve built relationships with each other and God here. I want people to know that regardless of who you are or what is going on in your life, you are welcome in the AFY family.”

Like many other members, Kyle wanted to follow God but had little practical experience. All that has changed through his participation in AFY. Today, he is strong in faith and active in ministry. He says, “Being a part of AFY has definitely changed me for the better. I wouldn’t be the person I am today without it. The community, the fellowship, the likemindedness—these people are my family.” 

That’s precisely what the team at AFY has been striving for. “We’ve invested years into these kids,” Tony says. “To see them grow as individuals and leaders is wonderful. And now to see AFY expanding to reach so many more youth—God is doing something really exciting!”

Says Pastor Doug, “I believe in the message of Joel 2:28, which reveals that our sons and daughters will play a vital role in the gospel work in the last days. That’s why I’m so thrilled to see our team training up the youth, these young men and women who will be part of the generation to fulfill this amazing promise.”

Plans are now being made for the 2025 youth conference. Visit afyouth.com to keep up to date. But you don’t have to wait to get involved in AFY. Check out these weekly events:

• Hey, Let’s Pray: Mondays at 6:00 PM ET

• AFY Live: Fridays at 6:00 PM ET