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Thursday, June 11, 2026 2:02 PM

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Zee to Invest ₹116 Crore in PhantomFX to Scale Animation & VFX Capabilities

Zee Entertainment Enterprises Ltd. has approved an investment of up to ₹116 crore in Phantom Digital Effects Ltd. (PhantomFX) as part of its strategy to strengthen its presence in the fast-growing Animation, Visual Effects, Gaming and Comics (AVGC) sector. The decision, cleared during a board meeting on April 17, 2026, involves funding through compulsorily convertible debentures (CCDs) via preferential allotment, to be executed in one or more tranches. The transaction remains subject to shareholder approval from PhantomFX, with internal clearances already underway. Through this investment, Zee aims to tap into PhantomFX’s global expertise, proprietary production workflows, and AI-integrated capabilities to enhance its content ecosystem. The partnership is expected to improve production efficiencies across animation and VFX-driven projects, enabling the creation of high-quality content across OTT originals, kids’ animation, gaming, interactive formats, and mythology and fantasy genres. CEO Punit Goenka described the move as a significant step toward scaling innovation and building immersive content intellectual properties with global appeal. He emphasized that PhantomFX’s strengths align with Zee’s vision of expanding across formats and geographies. Echoing this sentiment, Bejoy Arputharaj highlighted the long-term strategic value of the collaboration, noting that it will preserve PhantomFX’s operational independence while enhancing creative and technological capabilities through AI-powered workflows and global craftsmanship. Both companies also plan to co-develop original intellectual properties spanning OTT, gaming, and licensing segments. The collaboration is expected to unlock synergies in content creation and distribution, opening new growth avenues for both players. Shares of Zee Entertainment Enterprises closed at ₹81.04 on the NSE, gaining 1.05% at the end of the trading session. Source: CNBC

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Wipro Sees Attrition Ease to 13.8% as Hiring Slows Amid Uncertain Demand

Wipro reported a modest improvement in employee retention, with attrition declining to 13.8% in the fourth quarter from 14.2% previously. However, hiring momentum remained subdued, as the company added just 136 employees between January and March, taking its total workforce to 242,156. This comes after a significantly stronger December quarter, during which the company onboarded over 6,500 employees. Wipro stated that its hiring strategy is now more tightly aligned with project demand, reflecting a cautious approach in a volatile business environment. The company had earlier revised its fresher hiring target for FY26 downward to 7,500–8,500 from the initially planned 10,000. It ultimately hired 7,500 fresh graduates during the year but refrained from offering hiring guidance for FY27, citing ongoing uncertainty. Meanwhile, rival Tata Consultancy Services (TCS) reported a notable decline in its overall workforce for FY26, ending the March quarter with 584,519 employees—a reduction of over 23,000 compared to the previous year. Despite a slight increase in attrition, TCS added more than 2,000 employees sequentially and indicated that its restructuring phase has concluded. The company also signaled plans to ramp up campus hiring going forward. On the financial front, Wipro posted a 1.6% drop in annual revenue in constant currency terms for FY26, mirroring broader industry trends impacted by geopolitical tensions, slower deal ramp-ups, and disruptions driven by artificial intelligence adoption. The company’s total revenue stood at $10.48 billion for the fiscal year ending March 31. For the fourth quarter, Wipro reported revenue of ₹24,236 crore, marking a 7.7% year-on-year increase and a 2.9% sequential rise. Net profit declined marginally by 1.9% compared to the same period last year to ₹3,502 crore, though it registered a 12.2% increase on a quarter-on-quarter basis. TCS also reported its first annual revenue decline since listing, with a 2.4% drop in constant currency, attributing the slowdown partly to AI-led shifts in the industry. While ongoing tensions in West Asia have not yet materially impacted revenues, companies remain cautious and are factoring in potential risks if the situation persists. Source: Economic Times

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HBO Max Enters India Through Strategic Partnership with JioHotstar

In a significant move for India’s streaming landscape, Warner Bros. Discovery has partnered with Reliance Industries-owned JioHotstar to introduce HBO Max content in the country. The service will be offered as an add-on for JioHotstar users, starting at just ₹49 per month, making it far more affordable than its U.S. counterpart. Subscribers will gain access to a wide library that includes HBO originals, Max Originals, content from Warner Bros. Pictures and Television, as well as DC Studios productions. However, the viewing experience will vary depending on the user’s base subscription, with lower-tier plans likely including advertisements. JioHotstar’s plans currently range from ₹79 per month for mobile users with ads to ₹299 per month for an ad-free premium experience. India’s streaming ecosystem continues to grow rapidly, fueled by inexpensive data and widespread smartphone usage. While platforms like YouTube dominate in scale, JioHotstar remains a major player with hundreds of millions of active users. Despite this growth, adoption in smaller towns is still limited, with many users preferring bundled offerings over standalone subscriptions. The new HBO Max hub is set to bring highly anticipated titles to Indian audiences, including upcoming seasons and series from popular franchises like Euphoria, House of the Dragon, and new projects from DC and the Harry Potter universe. Source: Techcrunch

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Air Pollution May Trigger More Frequent Migraine Attacks, New Study Reveals

A recent study published in the journal Neurology suggests that exposure to air pollution could significantly increase migraine activity, with both short-term spikes and long-term exposure contributing to the risk. Led by researcher Ido Peles from Ben-Gurion University of the Negev, the study tracked over 7,000 individuals suffering from migraines in Be’er Sheva for nearly a decade. The research examined how daily exposure to pollutants—originating from traffic, industrial activity, and dust storms—along with weather conditions, influenced migraine-related hospital and clinic visits. Findings revealed that days with the highest number of migraine-related medical visits coincided with significantly elevated pollution levels. Notably, coarse particulate matter (PM10) and fine particles (PM2.5) were much higher on these days compared to average levels. Long-term exposure to PM2.5 increased the likelihood of higher migraine medication use by 9%, while elevated nitrogen dioxide (NO₂), commonly linked to vehicle emissions, raised it by 10%. Conversely, days with lower pollution levels recorded fewer migraine-related visits, reinforcing the connection. The study also highlighted the role of climate: heat and low humidity intensified the impact of NO₂, while cold and humid conditions worsened the effects of PM2.5. Researchers emphasized that environmental factors act both as triggers and amplifiers of migraine episodes, particularly for individuals already prone to the condition. With climate change expected to increase the frequency of heatwaves, dust storms, and pollution events, experts suggest incorporating environmental risk awareness into migraine management strategies. Preventive steps such as limiting outdoor exposure during high-risk periods, using air filtration, and timely medication could help individuals better manage symptoms. Source: PTI

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Nvidia Grants Stock Bonuses to India Staff, Payouts Reach Up to ₹1 Crore

Nvidia has rewarded a large section of its nearly 10,000 employees in India with a one-time stock grant, with payouts ranging from over ₹5 lakh to as high as ₹1 crore over the vesting period, according to data from 6figr. The special reward, known as the “Jensen Special Grant,” was introduced in 2024 by CEO Jensen Huang. It offers employees an additional 25% of their initial restricted stock units (RSUs), reinforcing Nvidia’s push to retain top talent in the competitive AI and semiconductor space. How the Grant Works The stock grant is structured to vest over four years, beginning September 18, 2024, with 6.25% released initially, followed by quarterly installments through 2028. The valuation was calculated using an average Nvidia share price of $898.2, with conversions based on an exchange rate of ₹82.9 per dollar. In one example, a mid-level employee received eight additional RSUs worth approximately ₹5.3 lakh, on top of an annual equity grant valued at around ₹21.5 lakh. The employee’s total unvested equity reportedly exceeded ₹1.2 crore, highlighting how stock incentives are becoming central to compensation. Equity Driving Wealth Creation India is witnessing a surge in equity-driven wealth creation, particularly in global AI and semiconductor firms. At Nvidia India, stock-based compensation now makes up 50% to 75% of total pay, especially for mid- and senior-level roles. Highly skilled engineers—particularly in chip design and artificial intelligence—are seeing the biggest gains. Top professionals in these domains can earn between ₹2 crore and ₹3 crore annually, with senior engineers (IC6 level) averaging around ₹1.8 crore. Industry experts say this marks a shift in compensation strategy. Equity is increasingly replacing fixed salaries, aligning employees more closely with company growth and long-term value creation. Pay Trends Across Experience Levels Entry-level (IC1, 0–3 years): ₹10–22 lakh Early to mid-level (IC2, 1–8 years): ₹23–32 lakh Mid-level (IC3, 4–8 years): ₹27–51 lakh (top performers up to ₹85 lakh) Experts, including leaders from KPMG, note that in deep-tech sectors, the gap between average and exceptional talent is widening—making equity not just a retention tool, but a primary driver of wealth. While Nvidia has not officially commented on individual compensation details, the trend reflects a broader shift in the AI economy, where employees are increasingly becoming stakeholders in the companies they help build. Source: TNN

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India Crosses $860 Billion Export Milestone in FY 2025–26: Govt Highlights Resilience Amid Global Challenges

India has recorded its highest-ever export performance, reaching an impressive $860 billion in the financial year 2025–26, according to Union Commerce and Industry Minister Piyush Goyal. Sharing the update on social media, the minister emphasized that the achievement reflects India’s economic resilience and its expanding footprint in global trade despite ongoing international uncertainties. He noted that the momentum has been significantly supported by nine trade agreements finalized under the leadership of Prime Minister Narendra Modi. These agreements are helping India access new markets and unlock growth opportunities across multiple sectors. Goyal further highlighted that continued government efforts to improve ease of doing business and foster an investor-friendly ecosystem are playing a crucial role in driving export growth, aligning with the broader vision of building a “Viksit Bharat.” Welcoming the development, ASSOCHAM President Nirmal Minda described the milestone as a testament to India’s strong economic fundamentals amid global headwinds. He pointed out that the growth has been largely driven by services exports, along with strong contributions from sectors such as engineering and electronics. Minda added that the performance underscores the effectiveness of policy measures and industry collaboration, boosting confidence in India’s export trajectory. He also expressed optimism that the country is on track to surpass the $1 trillion export mark in FY 2026–27, backed by rising global competitiveness and diversification across markets. Source: Newsonair  

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MP Board Results 2026 Declared: Pratiba Singh Solanki Tops Class 10 with 499 Marks

The Madhya Pradesh Board of Secondary Education has officially announced the Class 10 and Class 12 results for 2026 on April 15. The results were declared by Chief Minister Dr Mohan Yadav. Students can access their scorecards through the official websites, including mpbse.mponline.gov.in, mpbse.nic.in, mpresults.nic.in, result.mponline.gov.in, and digilocker.gov.in. To download their results, candidates need to enter their roll number and required login credentials. This year, Pratiba Singh Solanki secured the top position in Class 10 by scoring an impressive 499 out of 500 marks. The Class 10 board exams were conducted from February 13 to March 6, 2026, with the Hindi exam rescheduled to March 6. Meanwhile, Class 12 exams took place between February 7 and March 7 in a single shift from 9 am to 12 noon. Some exams, including Hindi, Urdu, and Marathi, were also rescheduled. Practical exams for both classes were held from February 10 to March 10 at designated centres. As per MPBSE guidelines, students must score at least 33% in each subject to pass. Those who fail to meet this requirement will be eligible to appear for supplementary exams. The Class 10 supplementary exams are scheduled from May 7 to May 19, 2026, while Class 12 supplementary exams will be held from May 7 to May 25, 2026. Last year, the Class 12 pass percentage stood at 74.48%, while Class 10 recorded a pass rate of 76.22%. Girls outperformed boys, with a pass percentage of 79.27% compared to 73.21% for boys.

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CBSE Class 10 Results 2026 Announced: Pass Percentage Rises to 93.70%, Girls Outshine Boys

The Central Board of Secondary Education has released the Class 10 Board Examination 2026 results, recording an overall pass percentage of 93.70%, a marginal increase from last year’s 93.66%. Out of 24.83 lakh registered students, around 24.71 lakh appeared for the exams, and over 23.16 lakh students successfully cleared them, indicating steady academic performance nationwide. Girls once again led the results with a 94.99% pass rate, outperforming boys, who secured 92.60%, while transgender candidates recorded 87.50%. Among different school categories, Kendriya Vidyalayas (KVs) emerged as top performers with an impressive 99.57% pass percentage, followed by Jawahar Navodaya Vidyalayas (JNVs) at 99.42%. Private schools achieved a 93.77% pass rate, whereas government and government-aided schools stood at 91.43% and 91.01%, respectively. Students can check their results through official CBSE websites as well as digital platforms like UMANG and DigiLocker by entering their login credentials. Continuing its policy, CBSE has decided not to release a toppers list to discourage unhealthy competition. However, merit certificates will be awarded to the top 0.1% of students in each subject. In alignment with the National Education Policy 2020, students will also have the opportunity to appear for a second board examination in May 2026 to improve their scores in up to three subjects. Reacting to the announcement, Union Education Minister Dharmendra Pradhan called it a significant milestone and encouraged students to see their results as part of a broader learning journey. The Class 10 board exams were conducted from February 17 to March 11, 2026, in a single shift across the country. Check the results on: results.cbse.nic.in and cbseresults.nic.in. 

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ArdorComm – Education Leadership Summit & Awards 2026, held in Ahmedabad, Gujarat on 10th April 2026

On 10th April 2026, the vibrant city of Ahmedabad played host to one of the most impactful education gatherings of the year, the ArdorComm – Education Leadership Summit & Awards 2026. Organized by ArdorComm Media Group, the summit brought together visionary leaders, policymakers, educators, EdTech innovators, and industry experts under one roof to reimagine the future of education and skilling in India. With the compelling theme “Redefining Education and Skilling for a Viksit Gujarat, Viksit Bharat,” the event successfully fostered dialogue, collaboration, and actionable insights aimed at strengthening India’s education ecosystem. Gujarat: A Thriving Hub of Education & Innovation Gujarat continues to emerge as a powerhouse in education and skill development. Cities like Gandhinagar, Surat, and Vadodara have established themselves as premier academic destinations, offering world-class education across engineering, management, law, and design. The summit highlighted how progressive policies such as National Education Policy 2020, Samagra Shiksha, and Pradhan Mantri Kaushal Vikas Yojana are reshaping the education landscape. Discussions also shed light on initiatives like SAKSHAM – KVK 2.0 and Mukhyamantri Bhumiheen Khetihar Vikas Yojana (MBKVY), which are bridging the gap between education and employability. Support from Esteemed Government Leaders The ArdorComm – Education Leadership Summit & Awards 2026 received notable recognition from distinguished government leaders of Gujarat. A letter of appreciation and support was extended by the Hon’ble Chief Minister, Bhupendra Patel, acknowledging the summit’s efforts in fostering meaningful dialogue around the future of education and skilling in India. Further strengthening this endorsement, Shri Trikambhai Chhanga, Hon’ble Minister for Higher & Technical Education, Government of Gujarat, also conveyed his appreciation for the initiative, highlighting its role in promoting innovation and collaboration within the education ecosystem. In addition, Shri Harsh Sanghavi, Hon’ble Deputy Chief Minister of Gujarat, extended his support through a letter of appreciation, recognizing the summit as a significant platform for knowledge exchange and progressive transformation in education and skilling. This collective encouragement from state leadership underscores the importance of such initiatives in advancing the vision of a future-ready education system aligned with national development goals. Industry Leaders and Keynote Speakers The summit commenced with an insightful inaugural session on “Redefining Education and Skilling for a Viksit Gujarat, Viksit Bharat,” setting the tone for impactful discussions ahead. The session began with a warm welcome address by Kumar Chandan Anand, Founder, CEO & Group Editor of ArdorComm Media Group. The event was graced by the special guest Hiranmay Mahanta, CEO of i-Hub Gujarat, highlighting innovation and entrepreneurship in education. Adding further depth to the discussion, distinguished guest speakers including Prahar Anjaria, Founder & Chairman of Rangoli Group of Institutes, Archit Bhatt, Managing Director of Tripada Group of Schools, and Dr. Seema Negi, Director-Principal of Sanjeevani World School, shared their perspectives on building future-ready institutions. The session successfully laid a strong foundation for the summit by bringing together policy, industry, and academic insights to drive the vision of a skilled and empowered India. The first panel discussion on “NEP 2020 in Action: Leadership Driving Transformational and Competency-based Framework” brought together eminent education leaders to deliberate on the practical implementation of National Education Policy 2020 and its impact on transforming learning ecosystems. The session was effectively moderated by Mayuri Vasani, Executive Director of R.P. Vasani International School, Ahmedabad, who guided the conversation around leadership-driven change in education. The panel featured distinguished speakers including Prof. (Dr.) H. M. Nimbark, Provost & CEO of Gyanmanjari Innovative University, Dr. Anish Sinha, Registrar at the Indian Institute of Public Health, Gandhinagar, and Prof. (Dr.) Apurv Raval, Director & Dean of Shreyarth University, Ahmedabad, who shared valuable insights on institutional transformation and competency-based education. Further enriching the discussion, Nirali Dagli, Director Principal of The Mindcraft School, Surat, Amar Jeet Soni, Director of EBC Group of Schools, Ahmedabad, Sabina Sawhney, Principal of Delhi Public School, Bopal, and Nijpriya Vikalp Panchal, Academic Director of Rising Kids Preschool, Ahmedabad, highlighted the importance of experiential learning, skill integration, and leadership in driving meaningful educational reforms. The session underscored how collaborative leadership and innovative practices are key to translating policy into impactful classroom outcomes. The second panel discussion on “Digital Learning for All: Inclusive Education, Safety and Cyber Hygiene” focused on the growing importance of creating safe, inclusive, and accessible digital learning environments in today’s technology-driven education landscape. The session was moderated by Prahar Anjaria, Founder & Chairman of Rangoli Group of Institutes, Gandhinagar, who steered the dialogue towards balancing innovation with responsibility in digital education. The panel brought together esteemed leaders including Archit Bhatt, Managing Director of Tripada Group of Schools, Ahmedabad, Kamal Mangal, Founder Trustee of Anand Niketan Group of Schools, Ahmedabad, and Viral Jain, Chairman & Managing Trustee of Lokpriya Providentia International School, Jamnagar, who shared their perspectives on leveraging digital platforms for equitable learning opportunities. Adding further insights, Harsh Kapadia, Trustee of The H.B. Kapadia New High School, Ahmedabad, Jayashree Kad, Director of Future Learning Design and Training (FLDT), Kalorex Group, Ahmedabad, and Dr. Seema Negi, Director-Principal of Sanjeevani World School, Mumbai, emphasized the importance of cyber safety, digital literacy, and responsible technology use among students and educators. The discussion highlighted that while digital learning opens new avenues for inclusivity, ensuring security, awareness, and ethical practices remains equally critical for sustainable educational growth. The third panel discussion on “EdTech Ecosystem and Teacher Development: Bridging Teaching–Learning and Student Engagement in a Digitally Connected Education Landscape” delved into the evolving role of technology in enhancing pedagogy and empowering educators. The session was moderated by Prof. (Dr.) Indrajit Patel, Vice Chancellor of CVM University, Vallabh Vidyanagar, who guided an engaging dialogue on integrating EdTech solutions with effective teaching practices. The panel featured distinguished experts including Prof. Dharmendra Singh, Director of IIIT Vadodara, and Rahul Sood, Associate Manager – Business Development at Meritto, who shared insights on leveraging digital tools to enhance student engagement and institutional efficiency. Further enriching the discussion, Vinita Rohera, Managing Trustee of Gandhinagar University, Anveshbhai B Patel, Joint Managing Trustee & Secretary of Sardar Patel Education Trust, Anand, Parth Kotecha, Associate Vice President of Noble University,

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Tata Sons Chairman Urges Air India Staff to Tighten Costs and Elevate Service Standards

In a candid address to employees, Natarajan Chandrasekaran, Chairman of Tata Sons, called on the workforce of Air India to prioritise cost efficiency, enhance service quality, and remain grounded amid ongoing industry challenges. Speaking at a town hall held at the airline’s headquarters in Gurugram, Chandrasekaran acknowledged that while Air India has built a strong foundation for future growth, the aviation sector is currently navigating a difficult phase. He emphasised that despite a promising outlook, the present situation demands disciplined execution and a sharp focus on controllable factors. Reaffirming the group’s unwavering support, he stated that the Air India Board remains fully committed to the airline and will continue to collaborate closely with its leadership team. He urged employees to concentrate on improving operational efficiency, managing costs with precision, and maintaining a realistic perspective on the challenges ahead. The address comes shortly after the resignation of Campbell Wilson, who stepped down on April 7, well before completing his five-year term that was scheduled to run until July next year. His exit has added to the transitional phase the airline is currently undergoing. Despite these developments, Chandrasekaran praised Air India employees for their resilience, noting that they have demonstrated remarkable tenacity in navigating a “perfect storm” of challenges. He encouraged the team to continue with the same determination as the airline works towards stabilisation and long-term growth. Source: PTI

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