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SOM Distilleries and Breweries Ltd has released its financial results for the second quarter and half- year of fiscal year 2025. This performance underscores the company’s strategic focus on expanding its market presence, optimising financials, and enhancing its brand portfolio.

The company initially raised 5-6% equity in private placements, setting a valuation benchmark that strengthened its IPO appeal.

Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts.

Sivakarthikeyan shared an endearing video wishing his wife Aarthy a happy birthday, surprising her as Major Mukund, his character from the recent film Amaran. Her sweetest reaction and the actor’s gesture did not go unnoticed by his fans The internet reacted warmly, expressing their love for the unique way of wishing birthday. In the video, Sivakarthikeyan appears in an army uniform with a clean-shaven look, quietly standing behind Aarthy in the kitchen until she notices him. She initially looks surprised but quickly smiles and embraces him as he laughs. «Happy happy birthday, @aarthy.sivakarthikeyan. Love you,» he captioned the video. Aarthy shared the video on her Instagram stories, adding heart emojis.

Subscribe to enjoy similar stories. The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption, although the pace slowed amid the impact of natural disasters during the summer. Japan’s gross domestic product expanded 0.2% in the three months to September from the previous quarter, preliminary government data showed Friday.

Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20% of institutional shareholders express their dissent in FY25 so far. However, 98% of them still passed, mostly owing to high promoter holding in the companies.

Listed companies paid royalty to related parties in excess of 20% of their net profits on one out of four occasions, flagging the need for change in norms, a study published by the Securities and Exchange Board of India (Sebi) Thursday showed. “The data suggests that though the royalty payments made by companies are reasonably within the stipulated threshold, such payments are unjustifiably high in terms of their profitability,” Sebi said.

Global capability centres (GCCs) of foreign companies expanding their base in India are increasingly tapping India’s IT services companies for talent, with such hirings climbing up to 10 percentage points in two years. The new headcount hired from IT services by the GCCs stood at 35-41% in fiscal year ending March 2024 (FY24) as compared with 24-30% in FY22, data sourced from mass recruitment firm Teamlease shows. In FY23, the number stood at 30-35%. Experts believe there is a consistent shift in tech talent hiring across engineering, research & development (ER&D), business process management (BPM), and IT services. And as GCCs rapidly scale, they will need to imbibe some of the better talent practices of IT services companies, which have historically been hirers of the best engineering talent in the country.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights with easy-to-read charts to help you delve deeper into the stories reported by Mint in the week gone by. The 29th UN Climate Change Conference-COP29 began earlier this week in Azerbaijan, focusing on global warming and other critical environmental issues.

Subscribe to enjoy similar stories. As consumers realize the grave impact of fast fashion on the environment, a host of sustainable clothing brands like Virgio, Nicobar, and No Nasties have emerged in the last few years, aiming to influence users to opt for upcycled and climate-friendly clothing. Consumers across age groups, including Gen Z and young millennials, are now increasingly opting for environmentally sustainable T-shirts, jeans and even accessories like belts and bags, offering up-and-coming startups a new opportunity to capitalize on.

Pulte Capital CEO Bill Pulte weighs in on rising mortgage rates and says that until supply increases, high housing prices will be seen.

Kalina Marie made the decision to inform her followers of the events leading up to the day after viewers conjectured that there must be more to the story and asked how it could have reached that point without her knowledge, as quoted in a report by The New York Post. The pandemic prevented her and her husband, who have been together for nine years, from getting married when they had planned to after they became engaged in 2019.

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Whoopi Goldberg's birthday dessert order over political views. Bakery owner Jill Holtermann shares that she did not deny the request because of Goldberg's politics and that she informed Goldberg two weeks ago that she was experiencing equipment issues in her kitchen, as quoted in a report by Entertainment. A 145-year-old New York bakery has denied Whoopi Goldberg's on-air claims that it refused to make special treats for her 69th birthday episode of The View due to her political beliefs. Shortly after closing Wednesday's episode of the show with a round of Charlotte Russe desserts at the Hot Topics table, Goldberg declined to name the bakery that made the desserts, speculating that they initially denied her order due to her political beliefs.

Infosys co-founder Narayana Murthy reiterated his statement of not believing in work-life balance at the CNBC Global Leadership Summit. Murthy said that KV Kamath, Independent Director and Non-Executive Chairman of Jio Financial Services, had once said that since India is a poor country with lot of challenges and we need to worry about those rather than about work-life balance."

Canada’s economy has been falling behind the United States — in fact, most major economies — for some time now, but the election of Donald Trump threatens to widen that record gap even further, say economists.

Microsoft Corp. and Royal Bank of Canada have agreed to buy carbon dioxide removal credits from Canada’s first commercial facility to suck carbon from the air.

‘The Big Money Show’ co-host Brian Brenberg breaks down the latest Fox News’ voter analysis poll and its expected impact on the election for the Democracy 2024 panel.

Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers credit card debt is piling up amid a jump in spending. 

British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s sub-par economic growth