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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; board rejig sees Phani Kishan, Rahul Bothra elevated Tata Sons listing in public interest: Shapoorji Pallonji Mistry Tata Power partners with CORE Academy to train renewable energy workforce Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Coal India absorbs price shock despite sharp rise in operational costs Pepperfry opens first factory outlet in Pune, expands offline footprint Toyota Kirloskar Motor partners Wipro 3D to set up CoE in additive manufacturing Taazé brings in Varun Chakaravarthy, Aishwarya Rajesh as investors Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment Hyatt eyes acquisitions to scale up India presence 5X in 5 yrs MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Nifty crosses 24,000; IT stocks bleed as broader market rallies India's Jio-BP does not plan to raise fuel prices, CEO says Nykaa opens luxury Charlotte Tilbury flagship boutique in India Om Power Transmission IPO subscribed 46% on day 2 morning Crude surge, geopolitical tensions weigh on IT; financials, paints outperform RBI moots delay and kill switch feature to combat rising online frauds Reliance caps fuel sales at $11 per pump amid growing shortages Sanjay Khanna appointed BPCL CMD Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Eli Lilly’s Mounjaro loses ground to less-expensive semaglutide generics & innovator Novo Nordisk’s products Freshworks appoints Kuntal Vahalia Senior Vice President, Partnership Channel HRS Aluglaze bags ₹27-crore order Capri Global Capital to raise ₹500 crore through debenture issue Brand Concepts bets on premium push with Off-White entry, eyes metro expansion Skoda VW eyes 5% india market share; Taigun facelift unveiled Systematix Private Wealth aims ₹40,000-crore AUM in five years Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth ABD Maestro launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra Anand Rathi Wealth Q4 profit jumps 41%; board announces bonus issue, dividend Hilton ties up with Royal Orchid Hotels to add 125 hotels Aimtron Electronics bags ₹57.66 crore IIoT and AI surveillance orders Granules India to tighten oversight after US FDA warning, exec says Wow! Momo Foods to add 200 outlets; eyes ₹1,200 cr revenue in FY27 Adani Green Energy's arm inks pact with UAE’s Minerva to develop renewable energy projects in India Mercedes to hike prices again; luxury market splits with BMW US market to dent India pharma earnings even as domestic growth remains firm: Report Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast Adani shares slide lower after rally on fresh SEC case developments ASK Property Fund exits two realty investments for ₹400 crore Tata Trusts trustee Vijay Singh earned ₹20 cr in fees, commission from Tata firms Japanese global cosmetic brand KOSE shares strategy with special attention to India Glenmark gets USFDA nod for generic progesterone vaginal inserts NCLAT upholds NCLT order on distribution of funds from a resolution plan Premier Energies bags orders worth ₹2,577 cr in Q4 FY26 JBM Auto to raise $500 Mn as 10,000-bus order book surges
JioStar plans full shift to AI-generated shows after Mahabharat success
By Bloomberg · 2026-06-03 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
The move positions JioStar among the first major Indian studios to scale AI-driven entertainment, even as it faces mixed audience reactions over quality concerns.

The move positions JioStar among the first major Indian studios to scale AI-driven entertainment, even as it faces mixed audience reactions over quality concerns.

Indian billionaire Mukesh Ambani’s streaming platform is preparing to fully embrace AI-generated content, after its first experiment — a machine-made retelling of a 2,500-year-old war epic — convinced executives there’s real money in the idea.

JioStar, a joint venture between Reliance Industries Ltd. and Walt Disney Co., is planning a slate of series that would be written, animated, voiced and edited entirely by artificial intelligence for its JioHotstar platform, according to people familiar with the matter.

The media and entertainment group sees it as a way to dramatically reduce production costs, and is planning to hire 80 AI specialists and engineers for the push, the people said, asking not to be identified because the information isn’t public. A representative for JioStar confirmed the plans for hiring and producing more AI-generated content.

India and China push AI content as Hollywood resists

Production houses in India and China are moving quickly to use AI in the creation of content to satisfy their hundreds of millions of viewers who lap up short-form videos on mobile phones. That stands in contrast with Hollywood, where there’s been significant resistance from actors, animators and directors to the use of AI. Their worry is that AI-generated movies and shows could devalue their original work and affect their livelihoods.

Mahabharat AI experiment drives strong viewership surge

Jiostar’s move follows the company’s unexpectedly successful dip into the format, via an AI-generated adaptation of Indian epic Mahabharat, which garnered 6.5 million views on its debut day in October — more than double the streaming platform’s average.

The 100-episode series, Mahabharat: Ek Dharmayudh, retold the Kurukshetra War, a dynastic conflict between princely cousins the Kauravas and the Pandavas that sits at the heart of one of Hinduism’s most sacred texts.

New AI projects include Hanuman, Makaraj and micro-dramas

The company is developing several AI-powered entertainment projects, including the TV series Makaraj, a feature film Hanuman, and a few micro-dramas, said the people. Hanuman centers on the monkey god from the epic Ramayana, who is revered by Hindus who view him as the ultimate symbol of devotion, loyalty, and strength.

A broader rollout would make JioStar the first major mainstream studio in India to release multiple AI-generated series; some smaller production houses have already been using AI to make micro-dramas and movies.

JioStar earlier this year hired Stephan Bugaj, an award-winning and veteran US screenwriter and content producer, to helm its Generative AI content strategy. The team he oversees is currently scouting for talent, the people familiar said.

Audience backlash over “AI slop” and production glitches

Some audience members have balked at JioStar’s recent Mahabharat series, criticizing it as “AI slop” and complaining that the production had no heart, and no human touch despite its visual ambition. Several individuals catalogued the glitches: warriors rendered with six or seven fingers and distorted faces, among others.

The company sees the issues as solvable problems, with the people familiar pointing to new technologies that can help iron out issues around inconsistent and sloppy output.

More stories like this are available on bloomberg.com

Published on June 3, 2026