eNews
Sony calls off merger with Zee ?
Mumbai: As per Bloomberg, Sony Group Corp. has officially informed Zee Entertainment Enterprises Ltd. about its decision to cancel the merger between its India unit and the media network, bringing an end to a two-year acquisition saga. This move leaves Zee exposed to competition as its rivals strengthen their positions. The Japanese entertainment giant sent a termination letter to Zee on Monday, and it is expected to be disclosed to the exchange later, according to anonymous sources. The termination is attributed to the failure to meet the conditions of the merger agreement, as stated in the letter seen by Bloomberg.
The termination comes after a prolonged deadlock between the companies, primarily revolving around the leadership of Zee’s CEO, Punit Goenka, in the merged entity. This issue arose amid an investigation into Goenka’s conduct by India’s capital markets regulator. The standoff has now seemingly thwarted the deal, which had the potential to create a $10 billion media giant capable of competing with global powerhouses like Netflix Inc. and Amazon.com Inc.
Sony’s termination letter arrived following the expiration of a 30-day grace period over the weekend, during which the two sides failed to reach an agreement on a deadline set in late December.
We will wait for an announcement from Sony, and Zee.”
eNews
LTM to upgrade India’s tax analytics platform with Nvidia AI
BlueVerse platform to drive real-time insights and digital governance
MUMBAI: LTM, formerly LTIMindtree and awaiting shareholder approval for its name change, has teamed up with Nvidia to modernise India’s national tax analytics platform, backing the government’s seven-year Insight 2.0 mandate.
The collaboration will support the Central Board of Direct Taxes in overhauling tax administration through scalable artificial intelligence and advanced analytics. Under the programme, LTM will deploy a secure cloud environment powered by Nvidia’s AI infrastructure to enable real-time insights and simplified data workloads.
At the heart of the initiative is LTM’s proprietary BlueVerse platform, which will act as the intelligence layer across the tax system. The platform is designed to integrate AI across operations, powering features such as a smart citizen portal, automated campaign management, enhanced case workflows and AI-driven helpdesk support.
The overhaul aims to strengthen governance, curb revenue leakages, improve compliance and deliver a smoother experience for taxpayers: a long-standing pain point in India’s tax administration.
“This collaboration brings together Nvidia’s AI capabilities and our BlueVerse platform to build a transparent, resilient and citizen-friendly tax system at scale,” said LTM chief delivery officer Gururaj Deshpande.
Nvidia vice-president of data centre GPU business Yogesh Agrawal, said accelerated computing and full-stack AI are unlocking new efficiencies for public-sector modernisation. “The integration enables secure, high-performance and scalable digital governance for a programme of national importance,” he said.
For LTM, the project reinforces its push to position itself as a partner in large-scale digital governance, as governments increasingly turn to AI-led platforms to modernise public services.
