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A merger worth USD 4 billion of Sun Pharma – Ranbaxy completed

On Tuesday Sun Pharmaceutical Industries said the merger of Ranbaxy with itself has been ‘consummated’ following receipt of requisite approvals. The merger took place almost after a year of its announcement.

In a BSE filing the company said that all the requisite approvals have been received for the merger of Ranbaxy into Sun Pharma effective from the appointed date of April 1, 2014.

The approvals received from the respective High Courts have been filed by Ranbaxy and Sun Pharma with the respective Registrar of Companies on Tuesday, it further added.

“With these filings the merger of Ranbaxy into Sun Pharma has been consummated,” the company said.

Sun Pharma had announced in April, 2014 that it would acquire troubled rival Ranbaxy in an all stock transaction worth $4 billion which includes $800 million debt. The merger would create world’s fifth and India’s largest drugmaker.

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TECHNOLOGY

Perplexity CEO: No Financial Issues, No IPO Before 2028

Dhruva Kulkarni

Perplexity CEO Aravind Srinivas dismissed concerns about the company’s financial health, stating it has sufficient funding, growing revenue, and no IPO plans before 2028.

A Reddit post alleged financial struggles at Perplexity, citing cost-cutting measures like Auto mode resetting user-selected models and the removal of high-quality models like o1.

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Srinivas clarified that Auto mode was introduced to simplify AI products by reducing excessive buttons and menus.

He acknowledged that rapid feature rollouts, such as Answer mode, have led to bugs, quality issues, and user confusion. Srinivas apologised for the dip in quality and lack of transparency, promising to improve internal processes.

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TECHNOLOGY

ChatGPT’s Viral Ghibli-Style Images Spark AI Copyright Debate

Dhruva Kulkarni

Studio Ghibli fans were thrilled that a new ChatGPT feature would let them transform memes and personal photos into Hayao Miyazaki’s signature style. However, the trend sparked ethical concerns over AI’s impact on artists and copyright. Miyazaki, known for hand-drawn animation, has been critical of AI in animation.

Users shared AI-generated Ghibli-style images, including personal photos, famous images, and memes. OpenAI encouraged the trend, with CEO Sam Altman changing his profile picture to a similar image. The company stated it avoids mimicking living artists but permits broader studio styles.

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Studio Ghibli has not commented, but Miyazaki’s past remarks resurfaced, calling AI animation an “insult to life itself.” Legal experts questioned whether OpenAI had the right to train its AI on Ghibli’s work. While “style” isn’t copyrightable, AI-generated works could still resemble copyrighted material.

Artists criticised OpenAI for exploiting Ghibli’s reputation without consent. The controversy intensified when the White House used AI to create a Ghibli-style image of a detained immigrant, fueling further backlash.

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TECHNOLOGY

Google Launches Gemini 2.5 Pro with Enhanced Reasoning Capabilities

Dhruva Kulkarni

Google introduced its generative AI assistant, Bard, in early 2023, later renaming it Gemini. Over time, Gemini has been integrated into services like Gmail and Google Workspace to enhance productivity.

The AI can process text, images, and videos, generating responses, photos, and even videos from text prompts.

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Google DeepMind has unveiled Gemini 2.5 Pro, its most advanced AI model, featuring improved reasoning for better accuracy and performance.

The model leads the LMArena leaderboard and can solve complex math problems, write advanced code, and even generate a video game from a single-line prompt.

Gemini 2.5 Pro is available on Google AI Studio, and the Gemini app is available for Gemini Advanced users, with plans to roll it out on Vertex AI soon.

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TECHNOLOGY

OpenAI Enhances GPT-4o with Advanced Image Generation Features

Dhruva Kulkarni

OpenAI has unveiled an advanced AI image generator within GPT-4o, enhancing text rendering, prompt accuracy, and interactive visual refinements.

It competes with Midjourney, Stable Diffusion, and Adobe Firefly, offering structured text, symbols, and diagrams for clearer communication.

A key feature is multi-turn generation, allowing users to refine images through conversation—ideal for branding and character design.

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The model can now depict 10-20 objects in a scene, surpassing previous limits, and supports in-context learning with reference images.

OpenAI embeds C2PA metadata to ensure transparency and enforces strict content policies, blocking explicit or deepfake content.

The feature is rolling out to ChatGPT Plus, Pro, Team, and Free users, with Enterprise, education, and API support coming soon.

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TECHNOLOGY

Swiggy Instamart Introduces 10-Minute Smartphone Delivery in 10 Cities

Dhruva Kulkarni

Swiggy Instamart is taking quick commerce to the next level with 10-minute smartphone delivery! Now, in 10 cities, customers can get top brands like Apple, Samsung, OnePlus, and Redmi delivered right to their doorstep.

The cities that are part of this service are Bengaluru, Delhi, Mumbai, Chennai, Faridabad, Noida, Gurugram, Kolkata, Hyderabad, and Pune, which offer ultra-fast smartphone deliveries and redefine convenience for buyers.

The launch includes a variety of smartphones, from budget-friendly models like the Redmi 14C to premium devices such as the iPhone 16e. Other brands available include Motorola, OPPO, Vivo, and Realme.

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Customers using ICICI Bank credit cards can avail a 5% discount, up to Rs 4,000, on orders above Rs 11,499 in the mobile phone category.

Swiggy Instamart has expanded to 100 cities, adding 32 new locations in 2025, as part of its rapid growth in quick commerce.

By extending its services beyond groceries and essentials, the platform aims to make smartphone purchases faster and more convenient than ever.

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