iWorld
Saregama posts strong Q3 surge as music, video and events lift revenues
MUMBAI: Saregama India delivered a robust financial performance for the quarter ended December 2025, driven by steady growth across music, video and live events.
The RP-Sanjiv Goenka Group company reported consolidated revenue from operations of Rs 26,038 lakh in the December quarter, up from Rs 23,003 lakh in the preceding quarter. For the nine months ended December 2025, total income rose to Rs 73,088 lakh, compared with Rs 61,465 lakh a year earlier.
Music remained the largest contributor, generating Rs 16,012 lakh during the quarter. The video segment added Rs 6,155 lakh, while events brought in Rs 3,871 lakh, underscoring the company’s expanding presence beyond its core music catalogue.
Saregama also stepped up strategic investments during the period. On 16 December 2025, it entered into an agreement to acquire 9,960 compulsory convertible preference shares, and increased its stake in Pocket Aces Pictures Private Limited to 90.93 per cent from 90.37 per cent.
Profit before tax for the nine months ended December 2025 stood at Rs 18,525 lakh, while profit after tax came in at Rs 13,766 lakh.
As of December 2025, total assets were valued at Rs 1,67,419 lakh, reflecting a strengthened balance sheet alongside rising operating momentum.
iWorld
OpenAI hits back at Elon Musk’s lawsuit ahead of trial
Company calls claims “baseless” and accuses Musk of trying to disrupt a rival.
MUMBAI: When the stakes are measured in billions and egos are involved, even Silicon Valley titans can turn a courtroom into a battlefield. OpenAI has issued a sharp public response to Elon Musk’s ongoing lawsuit, accusing the billionaire of filing the case to harass a competitor rather than address genuine concerns. In a strongly worded statement shared on its official X account, OpenAI described Musk’s allegations as “baseless” and suggested the lawsuit is an attempt to disrupt the company as the case heads toward trial later this month in Oakland, California.
The response comes after Musk’s legal team recently amended the complaint, proposing that any damages potentially exceeding $150 billion should go to OpenAI’s nonprofit entity rather than to Musk personally. OpenAI questioned the timing and motive behind this change, calling it a late-stage attempt to “pretend to change his tune” on the nonprofit structure.
The company further labelled the lawsuit a “harassment campaign”, arguing that Musk’s actions are driven by personal rivalry, ego, and a desire for greater control and financial upside.
At the heart of the dispute is Musk’s claim that OpenAI has abandoned its original nonprofit mission of developing artificial intelligence for the benefit of humanity. A co-founder who left in 2018, Musk is seeking governance changes, including the removal of CEO Sam Altman from the nonprofit board, and the return of certain financial gains linked to Altman and President Greg Brockman.
OpenAI has firmly rejected these allegations, maintaining that its current hybrid structure, a public-benefit corporation overseen by a nonprofit parent remains true to its long-term goals. The company has also previously accused Musk of anti-competitive behaviour aimed at weakening its leadership.
As the case prepares for a jury trial, this public exchange highlights the deepening rift between two of the most influential figures in the AI revolution and raises broader questions about governance, mission, and power in the fast-moving world of artificial intelligence.
In the high-stakes game of AI, it seems the real drama isn’t just inside the models, it’s playing out in courtrooms too.
