Latest news with #Transformation
Time of India
3 hours ago
- Business
- Time of India
Barack Obama-Michelle finally address divorce rumours: 'There hasn't been one moment in our marriage...'
Former US President Barack Obama made a surprise appearance on the IMO with Michelle Obama and Craig Robinson podcast and video show. The couple addressing rumors about a divorce head-on in an episode of her podcast, which aired last week. The couple broke the silence as speculation about the former first couple's marriage made headlines in recent months. Some of the rumors gained traction on social media after several public appearances where Michelle Obama did not join her husband, including President Donald Trump's inauguration in January and the funeral of former President Jimmy Carter. 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'She took me back!' Barack Obama said on the 'IMO with Michelle Obama and Craig Robinson' podcast. 'It was touch and go for a while.' 'It's so nice to have you both in the same room together,' said Robinson, who is Michelle Obama's brother, to the couple. Michelle responded, 'I know because when we aren't, folks think we're divorced.' Live Events Robinson also recalled a story when a woman at an airport approached him to ask about their marriage. ''What did he do?'' Robinson said she asked him. 'These are the kinds of things that I just miss,' Barack Obama said. 'So I don't even know this stuff's going on and then somebody will mention it to me and I'm like what are you talking about?' ALSO READ: Barron Trump 'humiliated' at NYU? Professor, peers make shocking statement about US President's son 'There hasn't been one moment in our marriage where I've thought about quitting on my man. And we've had some really hard times and we've had a lot of fun times, a lot of adventures and I have become a better person because of the man I'm married to," Michelle Obama said. Michelle Obama also addressed the speculation about her marriage and her decision not to attend Trump's inauguration. 'My decision to skip the inauguration, what people don't realize — or my decision to make choices at the beginning of this year that suited me were met with such ridicule and criticism,' she explained on an episode of her podcast earlier this year. 'People couldn't believe that I was saying no for any other reason that they had to assume that my marriage was falling apart.' ALSO READ: 'We almost lost her': Video shows 'terrified' Katy Perry nearly falls off flying prop above the crowd The Obamas married in 1992 and have two daughters, Malia and Sasha. It wasn't the first time the former first lady spoke about the realities of her marriage in the years since leaving the White House. She wrote about her relationship with Barack Obama in two bestselling memoirs, "Becoming" and "The Light We Carry," and discussed it in a number of interviews, including one with Gayle King on "CBS Mornings" in 2023. "Marriage is hard," Michelle Obama told King. "We've been married for 30 years. If I fell out with him for 10 and we had a great 20 years, I'd take those odds anytime." Wednesday marked Barack Obama's first appearance on his wife's podcast, which launched in March, about a year after Michelle Obama concluded her last podcast project, "The Light Podcast." The couple previously appeared together on her first podcast, "The Michelle Obama Podcast ," in September 2020.
Time of India
16 hours ago
- Business
- Time of India
Virgin River Season 7 Release Date postponed from 2025? Here's when new episodes may premiere on Netflix
Netflix's enduring romantic drama, Virgin River , is set to make a comeback for a seventh season, with expectations pointing toward a release window in early or mid-2026. While fans are still basking in the emotional aftermath of Season 6, released during Christmas 2024, production milestones and new cast announcements are already shaping the upcoming season, promising significant narrative developments and broader thematic exploration. The announcement of the renewal, first shared by the streaming platform on October 23, 2024, marked another milestone for the series, which debuted in late 2019. As one of Netflix's longest-running original dramas, Virgin River Season 7 has garnered substantial pre-release buzz, largely due to its loyal viewership base and expanding storyline. Explore courses from Top Institutes in Select a Course Category CXO Cybersecurity Data Science PGDM Project Management healthcare Operations Management MCA Artificial Intelligence Finance Public Policy Healthcare Management others Data Analytics Leadership Product Management Degree Others Design Thinking Digital Marketing Data Science Technology MBA Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Strong Viewership Metrics Reinforce Franchise Strength According to Netflix's global top 10 metrics, Virgin River Season 6 debuted at the top of the English-language series chart on December 16, amassing 67.7 million hours of watch time in its first week, equating to 8.1 million views. By the end of its fourth week, the show had accumulated 213 million hours of viewership, translating to over 25.6 million total views. These statistics reinforce the series' continued relevance on the streaming platform, even as newer titles compete for audience attention. The sustained popularity has further legitimized Netflix's decision to not only greenlight Season 7, but to commence early-stage planning for Season 8 and a possible spin-off. Production Timeline: Avoiding Harsh Winters, Filming in Spring 2025 Production for Virgin River Season 7 commenced in Vancouver, Canada — the series' traditional filming location- on March 12, 2025, and concluded on June 26. The scheduling decision to shift production to spring, instead of winter, was a strategic move to navigate the region's typically severe weather and allow smoother outdoor shoots, as per a report by What's on Netflix. Live Events The official Instagram handle of the series confirmed the onset of filming with a March 13 post reading: 'Virgin River is back in production for season 7!!!' The upcoming season will consist of 10 episodes, following the standard format set in previous installments. Returning and New Directors Join the Creative Roster Andy Mikita, a veteran contributor to the series with eight directing credits, returns to helm the first two episodes of Season 7. Joining him this season is Audrey Cummings, making her debut in the Virgin River universe. Cummings brings with her experience from shows like My Life with the Walter Boys and Ginny & Georgia , along with the Western action film Place of Bones . Other directors contributing to the seventh season include series stalwarts Monika Mitchell, Ruba Nadda, and Felipe Rodriguez. Overseas Filming and Story Expansion In a first for the show, the production team embarked on a filming segment outside North America. Lead characters Jack and Mel were spotted shooting in Mexico, a setting speculated to represent their honeymoon destination in the series' timeline. Photographs from the overseas set have sparked speculation about pivotal changes in the storyline, possibly introducing new cultural dynamics and offering visual diversity in upcoming episodes. New Faces Join the Cast Virgin River Season 7 is set to introduce several new characters, broadening its storytelling canvas. Sara Canning, known for her work on The Vampire Diaries , will play Victoria, an ex-police officer turned investigator for the state medical board. Her storyline intersects with Doc's practice and introduces a past relationship subplot that could further entangle the medical narrative. Cody Kearsley, best recognized from Riverdale , will portray Clay, a rodeo-trained, athletic man searching for his long-lost sister. Raised in foster care, Clay's backstory introduces a new emotional arc that ties into the show's ongoing themes of redemption and connection. Additionally, actor Matthew Harrison joins the cast as Dr. Wilson, while One Tree Hill and The Six Triple Eight alum Austin Nichols is also confirmed to appear. However, Nichols' character details remain under wraps as of July 2025. Spin-Off and Season 8 in Early Development Netflix's confidence in the franchise has also led to preliminary talks regarding Season 8, alongside an undisclosed spin-off project. While official confirmations are pending, early-stage pre-production discussions and creative briefings are reportedly underway. The spin-off is expected to delve into the backstories of secondary characters while possibly exploring new locales, echoing the global ambitions of recent Virgin River filming developments. Projected Release Timeline: Early-to-Mid 2026 While Netflix has not issued a formal announcement regarding the release date, the show was notably absent from the 2025 Netflix Upfronts, all but confirming that the seventh season will not stream this calendar year, as mentioned in a report by What's On Netflix. Industry observers suggest that early to mid-2026 is the most probable timeframe for Virgin River Season 7 to premiere. The timeline aligns with the post-production schedule and Netflix's typical programming strategy, which includes spacing out returning flagship series to maintain viewership consistency, as per a report by What's On Netflix. Continued Appeal and Narrative Evolution Virgin River's enduring success lies in its emotional depth, character-driven plots, and the picturesque backdrop of rural British Columbia, which stands in for the fictional town. With new cast members, international locales, and expanded personal histories, Season 7 is poised to deepen its exploration of community, healing, and love — themes that have long defined the series. As Netflix continues to invest in long-running series with devoted fanbases, Virgin River remains a cornerstone of its domestic drama slate. For now, fans can only wait as the next chapter in Mel and Jack's journey unfolds — this time with global footprints and even more complex characters. FAQs Has Virgin River been renewed for Season 7? Yes. Netflix officially renewed Virgin River for Season 7 on October 23, 2024. The announcement came shortly after the successful release of Season 6 in December 2024. When will Virgin River Season 7 be released? While Netflix has not confirmed an exact release date, industry reports suggest a release window in early to mid-2026. The show was absent from Netflix's 2025 Upfronts, making a 2025 release unlikely.
Time of India
a day ago
- Business
- Time of India
Axis Bank touts quality push, but market flags a host of concerns
Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender's June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the fourth-biggest weighting among private lenders. "Asset classification happens on a days-past-due (DPD) counter basis, but classification can also occur based on qualitative parameters," said Puneet Sharma, CFO of Axis Bank, during the post-earnings analyst call. "These are non-DPD-led parameters that have been tightened, resulting in higher slippages for the quarter." Explore courses from Top Institutes in Select a Course Category CXO Finance Degree MCA Product Management others PGDM Design Thinking Healthcare Project Management Artificial Intelligence Management Digital Marketing Public Policy healthcare Data Science Others Operations Management Technology Leadership MBA Cybersecurity Data Analytics Data Science Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After Losing Weight Kevin James Looks Like A Model 33 Bridges Sharma explained that under the previous norm, if a borrower with a ₹100 personal loan was five days past due and agreed to a settlement plan, such as three instalments of ₹30 with a one-month moratorium, the account would be upgraded upon payment of the first instalment. Under the new technical norms, such accounts are no longer upgraded until full settlement is made. The technical impact is largely confined to cash credit, overdraft products, and accounts under one-time settlements (OTS). This change has adversely affected the bank's profitability metrics , reducing profit after tax by ₹614 crore, return on assets (ROA) by 15 basis points, and return on equity (ROE) by 1.4 percentage points. One basis point is a hundredth of a percentage point. Live Events "The markets expected asset quality issues to be resolved this quarter as this has been a concern over the past year," said Dharmesh Kant, head of research at Cholamandalam Securities. "Despite the attractive valuations compared to its peers, the guidance for growth is not aggressive, which led to a disappointing quarter." The stock fell 6.4% during the day and closed 5.3% lower at ₹1,098.7. Kant said that while a further 2-3% decline cannot be ruled out, no major falls are likely since the stock has not performed a lot in the past year either. Nifty Heft Axis Bank has a 2.97% weighting on the Nifty, behind HDFC Bank and ICICI Bank, among lenders. It ranks ninth among the top 10 stocks by weighting on the most-tracked gauge. Out of the 12 stocks on the Bank Nifty Index, 10 declined and 2 advanced. The Bank Nifty slid 1%, while the benchmark Nifty declined 0.6%. Meanwhile, Axis Bank's collections team is now conducting a qualitative assessment of stressed accounts using credit bureau data, particularly by combing those borrowers holding multiple loans. Gross slippages for the quarter rose more than 70% to ₹8,200 crore, up from ₹4,793 crore in Q1FY25. After adjusting for technical impact, gross slippages stood at ₹5,491 crore. Of this, 75% originated from unsecured loans, while the remaining 25% came from the agriculture sector. 80% of these accounts are backed by 100% security cover. "These are particularly poor numbers, and the management commentary provided little confidence to expect a quick turnaround in either asset quality or growth," said Pranav Gundlapalle, head of India financials at Bernstein. "Even after adjusting for the one-off policy changes, Axis Bank's performance this quarter significantly lags its larger peers, weakening the case for any near-term re-rating." Brokerage Nuvama, meanwhile, downgraded Axis Bank to 'Hold' and reduced target price to 1,204 from 1,410, citing margin compression and higher credit costs . "We lower our estimates on credit growth, whereas slightly increase credit cost as asset quality becomes a key monitorable," said analysts at Nuvama in a note. "For a large banking franchise, the stock is trading at a discount to its peers, which we expect the gap to widen further given volatility in earnings and asset quality." To be sure, Bernstein has set a 12-month target price of ₹1,300, while Macquarie Capital expects the stock to reach around ₹1,450.
Time of India
2 days ago
- Business
- Time of India
Torrent Pharma seeks CCI nod to acquire majority stake in JB Chemicals for Rs 19,500 cr
New Delhi, Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. Explore courses from Top Institutes in Select a Course Category CXO others MBA Operations Management Leadership Data Analytics Artificial Intelligence Design Thinking Product Management MCA Public Policy Technology healthcare Digital Marketing Others Cybersecurity Data Science Management Healthcare Degree Data Science Project Management PGDM Finance Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to acquisition of shareholding by the acquirer (Torrent Pharmaceuticals Ltd) in the target (J B Chemicals & Pharmaceuticals Ltd) and the subsequent amalgamation of the target with the acquirer," according to a notice filed with the Competition Commission of India (CCI). Torrent Pharmaceuticals is the flagship company of the Torrent group and is engaged in the business of manufacturing and sale of pharmaceutical formulations (FDFs) across therapeutic segments. Live Events J B Chemicals & Pharmaceuticals is engaged in business of manufacturing and marketing of diverse range of FDFs and APIs (Active Pharmaceutical Ingredients) and also provides CDMO (Contract Development and Manufacturing Organisation) services as well. The parties ( Torrent Pharma and J B Chemicals) said that their activities exhibit horizontal overlaps in certain relevant markets for the manufacturing and sale of FDFs in India. In June, Torrent said it will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd, an affiliate of global investment firm KKR, for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per share (totaling Rs 719 crore). Post this, it would make an open offer for buying 26 per cent from open market, as per listing norms, at a price of Rs 1,639.18 per share (totaling Rs 6,842.8 crore). This will be the second biggest deal in the pharma sector ever, behind Sun Pharmaceutical Industries ' 2015 acquisition of Ranbaxy Laboratories. Post share purchase, JB Pharma will merge into Torrent. In 2020, KKR had bought a 65 per cent stake in JB Chemicals & Pharmaceuticals. In March this year, KKR divested a 5.8 per cent stake in JB Pharma for Rs 1,460 crore through open market transactions. Established in 1976, JB Pharma produces a range of pharmaceuticals in areas such as gastroenterology, dermatology and diabetes, etc. Torrent Pharma, with annual revenues of more than Rs 11,500 crore, is the flagship company of the Torrent Group, with group revenues of Rs 45,000 crore. In April 2014, Sun Pharma had announced it would acquire troubled rival Ranbaxy in an all-stock transaction worth USD 4 billion that includes USD 800 million debt. The merger was 'consummated' following receipt of requisite approvals a year later in March 2015. In another big deal, Mankind Pharma last year completed the transaction to acquire Bharat Serums and Vaccines for a consideration of Rs 13,768 crore. ETMarkets WhatsApp channel )
Time of India
3 days ago
- Business
- Time of India
Trump's strike on Iran's nuclear sites were a flop - report says only 1 out of the 3 was seriously damaged
When American fighter planes struck Iranian skies last month, the operation, code-named Operation Midnight Hammer , was intended to deliver a strong message, and US president Donald Trump announced victory hours after the raid, but the recent US assessment of the destruction reveals contrasting details, as per a report. Intelligence Report Reveals Only One Facility Was Severely Damaged After US Strike on Iran The new assessment found that only one of the three facilities targeted to disrupt Iran's nuclear enrichment was mostly destroyed, but the other two were only partially damaged and could be restarted in a matter of months if Iran chooses to do so, according to a report by NBC News. 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This initiative is part of the Trump administration's ongoing efforts to determine the status of Iran's nuclear program since the facilities were struck, and it was briefed to some US lawmakers, Defense Department officials, and allied countries a few days ago, according to the report. ALSO READ: QuantumScape stock soars 16% after game-changing solid-state battery breakthrough Live Events Intelligence Still Unfolding For Strike Impact However, officials told NBC News that the assessments of the impact of the US attack on Iran's nuclear program are expected to change over time, and as the process progresses, the findings might indicate more damage than previous assessments revealed, as per the report. Trump Administration Could Weighs Possibility of Follow-Up Strikes In case the early findings about the damage caused to Iran's nuclear program remain the same even after additional intelligence comes in, the United States could find itself back in a conflict there, as reported by NBC News. According to the report, officials have revealed that there have been ongoing discussions within the Trump administration and Israeli government about if more strikes on the two less-damaged facilities might be needed. This could happen if Iran does restart negotiations with the Trump administration on a nuclear deal or if there are indications that Iran is trying to rebuild at those locations, as reported by NBC News. ALSO READ: Is Bitcoin the new gold? Analyst predicts 10x surge within a decade — or even sooner White House and Pentagon Stand Firm on Total Victory Message However, even after the latest assessment of the damage, White House spokeswoman Anna Kelly has reiterated that, 'As the President has said and experts have verified, Operation Midnight Hammer totally obliterated Iran's nuclear capabilities,' adding that, 'America and the world are safer, thanks to his decisive action,' as quoted in the NBC News report. While, even chief Pentagon spokesman Sean Parnell has mentioned that, 'The credibility of the Fake News Media is similar to that of the current state of the Iranian nuclear facilities: destroyed, in the dirt, and will take years to recover. President Trump was clear and the American people understand: Iran's nuclear facilities in Fordow, Isfahan, and Natanz were completely and totally obliterated. There is no doubt about that,' as quoted in the report. FAQs What was Operation Midnight Hammer? It was a US airstrike operation last month targeting three of Iran's nuclear enrichment facilities, ordered by US president Donald Trump. Did the US strike achieve its goal? Not entirely. A new US intelligence assessment found only one of the three sites was seriously damaged.
