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Abridge has quickly become the healthcare AI startup to watch. Rao founded Abridge in 2018 to automate medical notetaking with its large language models. Since then, it's landed dozens of hospital customers, including academic medical centers like Sutter Health and Yale New Haven Health, and a partnership with the electronic health records giant Epic. It's also gotten buy-in from major investors, including CVS Health Ventures and Lightspeed Venture Partners. <a target="_blank" href="https://www.businessinsider.com/medical-scribe-ai-startup-abridge-raising-more-cash-2024-2">Abridge</a> in February announced it raised $150 million in Series C funding at an $850 million valuation. And in August, the startup got its biggest customer yet, notching a deal to provide its tech to Kaiser Permanente's clinicians.See Business Insider's full <a target="_blank" class="" href="https://businessinsider.com/ai-power-list-2024">AI Power List</a>

Shiv Rao's Abridge has become the AI healthcare startup to watch

I tried every flavor of Rao's tomato sauce I could find and ranked them from worst to best

The Hindi film <keyword id="20300633" type="General" weightage="100" keywordseo="Laapataa-Ladies" source="keywords">Laapataa Ladies</keyword>, directed by <keyword id="19961503" type="General" weightage="20" keywordseo="Kiran-Rao" source="keywords">Kiran Rao</keyword> and produced by <keyword id="20112107" type="General" weightage="20" keywordseo="Jio-Studios" source="keywords" meta.keywordsubtype="org" meta.entityname="Jio Studios" meta.hostid="261" meta.entityid="Jio Studios">Jio Studios</keyword> and <keyword id="20383919" type="General" weightage="20" keywordseo="Aamir-Khan-Productions" source="keywords" meta.keywordsubtype="org" meta.entityname="Aamir Khan Productions" meta.hostid="261" meta.entityid="Aamir Khan Productions">Aamir Khan Productions</keyword>, has achieved a significant milestone by being selected as India’s official entry for the <keyword id="21270192" type="General" weightage="20" keywordseo="Oscars-2025" source="keywords">Oscars 2025</keyword>. This heartfelt and humorous tale has not only won the hearts of audiences across India but has also captured the attention of critics, making it one of the most talked-about films this year. Starring <keyword id="12956111" type="General" weightage="20" keywordseo="nitanshi-goel" source="Orion">Nitanshi Goel</keyword>, Pratibha Ranta, <keyword id="20317162" type="General" weightage="20" keywordseo="sparsh-shrivastav" source="keywords">Sparsh Shrivastav</keyword>, and <keyword id="20065194" type="General" weightage="20" keywordseo="ravi-kishan" source="keywords">Ravi Kishan</keyword>, Laapataa Ladies premiered at the 2023 Toronto International <keyword id="20055573" type="General" weightage="20" keywordseo="film-festival" source="keywords">Film Festival</keyword>, earning accolades from a global audience. Laapataa Ladies tells the story of two brides in rural India who accidentally get swapped during a train journey in 2001, delivering a poignant yet satirical take on patriarchy. With its engaging narrative, the film resonates deeply with viewers and leaves a lasting impact. The film’s success is evident as it enjoyed praise during its theatrical and OTT releases, and even had a special screening at the Supreme Court of India in the presence of Aamir Khan and Kiran Rao. This achievement marks a triumphant return for Kiran Rao, who made her directorial debut with Dhobi Ghat in 2010. Expressing her joy, director Kiran Rao said, "I am deeply honoured and delighted that Laapataa Ladies has been chosen as India’s official entry to the Academy Awards. This recognition is a testament to the tireless work of my entire team, whose dedication and passion brought this story to life." She further added, "Cinema has always been a powerful medium to connect hearts, transcend boundaries, and ignite meaningful conversations. I hope this film will resonate with audiences worldwide, just as it has in India." The film emerged as the unanimous choice of a 13-member selection committee headed by renowned Assamese director Jahnu Barua, who chose Laapataa Ladies from 29 contending films, including notable titles like Srikanth, Vaazhai, Thangalaan, Ullozhukku.

It's official: Kiran Rao's 'Laapataa Ladies' is going to the Oscars 2025!

In a landmark moment for <keyword id="19897820" type="General" weightage="20" keywordseo="Bollywood" source="keywords" meta.keywordsubtype="org" meta.entityname="Bollywood" meta.hostid="261" meta.entityid="Bollywood">Bollywood</keyword>, <keyword id="19993351" type="General" weightage="20" keywordseo="Shraddha-Kapoor" source="keywords">Shraddha Kapoor</keyword> and <keyword id="20089346" type="General" weightage="20" keywordseo="Rajkummar-Rao" source="keywords">Rajkummar Rao</keyword>’s horror-comedy <keyword id="20132930" type="General" weightage="100" keywordseo="Stree-2" source="keywords">Stree 2</keyword> has etched its name into the history books by becoming the <keyword id="22985993" type="General" weightage="20" keywordseo="highest-grossing-Hindi-film" source="keywords">highest-grossing Hindi film</keyword> ever. The film surpassed the lifetime earnings of Shah Rukh Khan’s <keyword id="19897076" type="General" weightage="20" keywordseo="Jawan" source="keywords">Jawan</keyword>, officially cementing its place at the top of the <keyword id="19895835" type="General" weightage="20" keywordseo="box-office" source="keywords">box office</keyword>. <h2>Record-breaking success</h2>Trade analyst <keyword id="20278358" type="General" weightage="20" keywordseo="Taran-Adarsh" source="keywords">Taran Adarsh</keyword> confirmed the news on his X (formerly Twitter) account, where he shared the staggering numbers that have propelled Stree 2 to this incredible milestone. The film, which is now in its fifth week of release, has accumulated an astounding Rs 586 crore in total box office collections across India. Adarsh’s post read: "Stree 2 scripts HISTORY… Becomes the HIGHEST-GROSSING HINDI FILM EVER… Crosses lifetime biz of #Jawan [#Hindi version]... Next stop: Inaugurating the ₹ 600 cr Club." The film’s daily earnings continue to impress. Over the weekend, Stree 2 earned Rs 3.60 crore on Friday, Rs 5.55 crore on Saturday, and Rs 6.85 crore on Sunday. Even during the weekdays, it showed remarkable consistency, pulling in Rs 3.17 crore on Monday and Rs 2.65 crore on Tuesday. <div type="Article" hostid="261" msid="112528273" title="Beyond Stree 2: Exploring the potential of Indian Cinematic Universes" mstype="2" mssubtype="0"></div>Despite stiff competition from Akshay Kumar’s <keyword id="20713953" type="General" weightage="20" keywordseo="Khel-Khel-Mein" source="keywords">Khel Khel Mein</keyword> and John Abraham’s Vedaa, Stree 2 maintained its grip on the box office, becoming a clear favourite among audiences. In its second week alone, the film earned an impressive Rs 453.60 crore, further solidifying its dominance. <h2>A sequel that surpassed expectations</h2>Directed by Amar Kaushik, Stree 2 builds on the foundation laid by its predecessor, Stree (2018), which was a surprise hit at the time. While the original film set high expectations for its sequel, Stree 2 has far exceeded them, drawing praise for its engaging storyline, witty humour, and strong performances by its ensemble cast. <div type="Article" hostid="261" msid="112890023" title="Baadshah of Bollywood Shah Rukh Khan debuts on India&amp;#39;s richest list with Rs 7,300 cr — here&amp;#39;s how the King made his wealth" mstype="2" mssubtype="0"></div>The film not only stars Shraddha Kapoor and Rajkummar Rao but also features standout performances from Pankaj Tripathi, Abhishek Banerjee, and Aparshakti Khurana. Special appearances by Bollywood stars Varun Dhawan and Akshay Kumar have also added to the film’s appeal, with their cameos being particularly well-received by fans. <h2>Eyeing the Rs 600 crore milestone</h2>As Stree 2 nears the coveted Rs 600 crore mark, the excitement around the film continues to build. Its success reaffirms the audience’s love for unique storytelling and genre-bending films that mix horror and comedy with social commentary. With its winning formula, Stree 2 has not only captured the box office but also secured a place in the hearts of fans across India. The journey of Stree 2 is far from over, and with the momentum it’s carrying, it may soon set even more box office records. As it stands today, the film’s legacy as the highest-grossing Hindi film ever is a testament to the power of innovative cinema and strong performances. (With inputs from ANI)

'Stree 2' takes the crown, surpasses 'Jawan' as highest-grossing Hindi film

<ul class="summary-list"><li>SoftBank-backed glassmaker <keyword id="21250775" type="General" weightage="20" keywordseo="View" source="keywords" meta.keywordsubtype="org" meta.entityname="View" meta.hostid="261" meta.entityid="View">View</keyword> filed for <keyword id="19903649" type="General" weightage="20" keywordseo="bankruptcy" source="keywords">bankruptcy</keyword> in April, 3 years after its SPAC.</li><li><keyword id="23006643" type="General" weightage="100" keywordseo="CEO-Rao-Mulpuri" source="keywords">CEO Rao Mulpuri</keyword> has stepped down from View which was taken private by two <keyword id="19900618" type="General" weightage="20" keywordseo="investors" source="keywords">investors</keyword>.</li></ul>Five months after glassmaker View <a target="_blank" href="https://www.businessinsider.com/softbank-backed-view-files-bankruptcy-spac-struggles-2024-4">filed for bankruptcy</a>, CEO Rao Mulpuri has stepped down. Under his tenure, View raised $1.1 billion from <keyword id="19944037" type="General" weightage="20" keywordseo="SoftBank" source="keywords" meta.keywordsubtype="org" meta.entityname="SoftBank" meta.hostid="261" meta.entityid="SoftBank">SoftBank</keyword> in 2018 and went public in 2021. It struggled as a public company and <a target="_blank" href="https://www.businessinsider.com/view-inc-rao-mulpuri-spac-smart-glass-2022-6">ran low on cash</a> several times before declaring bankruptcy in April. Mulpuri announced his departure on Thursday night in a memo to employees which he also posted on <a target="_blank" href="https://www.linkedin.com/feed/update/urn:li:activity:7235077660702294016/">LinkedIn</a>. "After 15 incredible years, I have decided it's time to leave View Inc. What a ride it has been! A journey of a lifetime, filled with many ups and downs, but never a dull moment," he wrote. View makes eco-friendly windows that darken when it's sunny, reducing energy costs for air conditioning. The Milpitas, California-based firm filed for Chapter 11 bankruptcy to reorganize without liquidating all its assets. Two of View's longtime investors Cantor Fitzgerald and real estate firm RXR have taken the company private. Cantor sponsored the special purpose acquisition company that merged with View to take it public, raising $815 million. On August 22, the financial-services firm agreed to a $12 million settlement to end a lawsuit by SPAC investors who alleged they were misled. Cantor did not reply to a request for comment in time for publication. According to a separate memo sent to employees Friday morning, two board members will run View as co-CEOs: Joshua Spellman, chief of staff at Cantor, and Andrew Min, a senior vice president at RXR. Mulpuri has led View since 2008, replacing one of the firm's cofounders. Previously he led Japanese semiconductor manufacturer Novellus Systems. He is known for his magic touch with investors, managing to raise cash for View multiple times when funds ran low, including from the now-bankrupt financier Greensill Capital. "He's always been able to pull a rabbit out of a hat when it comes to procuring more money for the company," one banker familiar with View previously told Business Insider. In 2022, BI spoke with 29 former and current <a target="_blank" href="https://www.businessinsider.com/softbank-view-inc-rao-mulpuri-spac-investigation-2022-6?r=VIEWinc-teaser&amp;utm_medium=referral&amp;utm_source=yahoo.com">View employees</a>. They described a culture of micromanagement and said they were afraid of being fired. Mulpuri obsessively monitored tweets and LinkedIn posts about View and asked people to write positive reviews of the company on Glassdoor, multiple former employees said. Two former employees in the corporate office said View staff called him "Chairman Rao," an inside joke rhyming his name with the Chinese communist leader Mao Zedong. "If you didn't agree with the company's potential or the rosy picture, or how we were going to revolutionize and change the world, you were kept on the outside," one of the employees said. Mulpuri did not comment in time for publication. In his note, he hinted that he will return to the startup industry. He would be "back in the saddle" building things "sooner than later," he wrote. "Stay tuned..." Correction: August 30, 2024 — An earlier version of this story misdescribed one of View's investors. Cantor Fitzgerald is a financial-services firm, not a law firm.

View CEO Rao Mulpuri, who saw the glassmaker go from investor darling to declaring bankruptcy, has resigned

New Delhi: <keyword id="20805805" type="General" weightage="20" keywordseo="horror-comedy" source="keywords">Horror comedy</keyword> <keyword id="20132930" type="General" weightage="100" keywordseo="Stree-2" source="keywords">Stree 2</keyword>, starring <keyword id="20089346" type="General" weightage="20" keywordseo="Rajkummar-Rao" source="keywords">Rajkummar Rao</keyword> and <keyword id="19993351" type="General" weightage="20" keywordseo="Shraddha-Kapoor" source="keywords">Shraddha Kapoor</keyword>, has earned over <keyword id="19967233" type="General" weightage="20" keywordseo="Rs-500-crore" source="keywords">Rs 500 crore</keyword> worldwide in gross box office collections, the makers announced on Sunday. Directed by <keyword id="20242160" type="General" weightage="20" keywordseo="Amar-Kaushik" source="keywords">Amar Kaushik</keyword> and produced by Dinesh Vijan of Maddock Films, the Hindi film is the sequel to 2018's Stree. The production banner shared the latest box office figures of Stree 2 on its X page. "'Stree 2' shatters records with a LEGENDARY and HIGHEST ever 2nd Saturday in history. Thank you to everyone for your continued love and support. Book your tickets now," the post read. According to Maddock Films, the film has raised Rs 426 crore (gross) in India and Rs 78.5 crore (gross) overseas, bringing its total gross to around Rs 505 crore. Its domestic net box office collections stood at Rs 361 crore, the makers added. Released on August 15, Stree 2 clashed with Nikkhil Advani's Vedaa, starring Sharvari and John Abraham, and Mudassar Aziz's Khel Khel Mein, headlined by Akshay Kumar, at the box office but emerged as the highest earning film among the lot. The movie, written by Niren Bhatt, also stars Aparshakti Khurana, Pankaj Tripathi, and Abhishek Banerjee. Stree 2 is part of Maddock Films' ambitious horror comedy universe which includes films such as Bhediya and Munjya.

Stree 2 crosses Rs 500 crore-mark worldwide

<keyword id="20805805" type="General" weightage="20" keywordseo="horror-comedy" source="keywords">Horror comedy</keyword> "<keyword id="20132930" type="General" weightage="20" keywordseo="Stree-2" source="keywords">Stree 2</keyword>", starring <keyword id="20089346" type="General" weightage="20" keywordseo="Rajkummar-Rao" source="keywords">Rajkummar Rao</keyword> and <keyword id="19993351" type="General" weightage="20" keywordseo="Shraddha-Kapoor" source="keywords">Shraddha Kapoor</keyword>, earned a whopping Rs 283 crore globally in gross <keyword id="19974572" type="General" weightage="20" keywordseo="box-office-collection" source="keywords">box office collection</keyword> in its opening weekend. According to production house <keyword id="20079737" type="General" weightage="20" keywordseo="Maddock-Films" source="keywords" meta.keywordsubtype="org" meta.entityname="Maddock Films" meta.hostid="261" meta.entityid="Maddock Films">Maddock Films</keyword>, the Hindi movie -- a sequel to 2018's "Stree" -- raised Rs Rs 240 crore (gross) in India and Rs 43 crore (gross) internationally. "Stree 2" collected Rs 204 crore in net box office collections in India, according to the banner's official X page. "The Box Office Juggernaut that's BREAKING and SHATTERING records! Thank you audience, for making it happen," the makers said in the post. Directed by <keyword id="20242160" type="General" weightage="20" keywordseo="Amar-Kaushik" source="keywords">Amar Kaushik</keyword>, "Stree 2" released in theatres on August 15 on the occasion of Independence Day. It also stars Abhishek Banerjee, Pankaj Tripathi, and Aparshakti Khurana. A direct sequel to "Stree", the new film follows Rao's Vicky and his friends along with the nameless mystery woman, played by Kapoor, face off against a new terror in the form of a ghost who only has a head, aptly called Sarkata. "Stree 2" is part of producer Dinesh Vijan's ambitious horror comedy universe that also includes titles like "Bhediya" and "Munjya". SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

Stree 2 grosses ₹283 crore worldwide in first weekend

Tuesday, May 14: Curtains on the 77th <keyword id="19999643" type="General" weightage="20" keywordseo="Cannes-Film-Festival" source="keywords">Cannes Film Festival</keyword> are set to rise today, with anticipation filling the air at the Palais des Festivals et des Congrès in <keyword id="6366702" type="General" weightage="100" keywordseo="cannes" source="Orion">Cannes</keyword>, France. The grand opening promises a spectacle, with the unveiling of Greta Gerwig's esteemed jury and the presentation of an honorary <keyword id="21348893" type="General" weightage="20" keywordseo="Palme-dOr" source="keywords">Palme d'Or</keyword> to the illustrious Meryl Streep. Leading the charge into cinematic splendour will be Quentin Dupieux's uproarious French comedy, 'The Second Act', chosen as the festival's opening delight. India will shine brightly on the Cannes stage this year. <keyword id="21272693" type="General" weightage="20" keywordseo="Payal-Kapadia" source="keywords">Payal Kapadia</keyword>'s luminous creation, '<keyword id="21272312" type="General" weightage="20" keywordseo="All-We-Imagine-As-Light" source="Orion">All We Imagine As Light</keyword>', will mark a triumphant return for Indian cinema after 30 years of absence from the Palme d'Or competition. The last Indian film to vie for this most prestigious Cannes award was the 1994 Malayalam-language drama ‘Swaham’, directed by Shaji N. Karun. Among the attendees, <keyword id="20102038" type="General" weightage="20" keywordseo="Aishwarya-Rai-Bachchan" source="keywords">Aishwarya Rai Bachchan</keyword> will grace the red carpet once again, radiating elegance alongside <keyword id="545350" type="General" weightage="20" keywordseo="Aditi-Rao-Hydari" source="Orion">Aditi Rao Hydari</keyword> and <keyword id="19902028" type="General" weightage="20" keywordseo="sobhita-dhulipala" source="keywords">Sobhita Dhulipala</keyword>. Adding to the allure, <keyword id="19909596" type="General" weightage="20" keywordseo="Kiara-Advani" source="keywords">Kiara Advani</keyword> will reportedly represent India at the Women in Cinema Gala Dinner. Hosted by Vanity Fair in collaboration with the Red Sea Film Foundation, the event brings together six talented women from around the world and honours their accomplishments in the entertainment industry. Despite the anticipation surrounding films and stars, much attention has been drawn to the off-screen drama surrounding <keyword id="21261193" type="General" weightage="20" keywordseo="Cannes-2024" source="Orion">Cannes 2024</keyword>. For starters, festival workers, discontent with short-term contracts, have threatened to strike due to the lack of unemployment benefits between festivals. French actor Judith Godrèche's accusations of rape and sexual abuse against two directors earlier this year have sparked a significant #MeToo moment in the French film industry. Godrèche will premiere her short film “Moi Aussi” at the festival. Iranian filmmaker Mohammed Rasoulof, whose film “The Seed of the Sacred Fig” is competing in Cannes, added further turmoil to the festivities on Monday, after revealing that he has fled Iran after receiving an eight-year prison sentence and flogging for his critical portrayal of the Iranian regime. Nevertheless, it will be interesting to see how well the 77th Cannes Festival carries the torch of last year's triumphs, where cinematic brilliance birthed Oscar glory by producing three best picture nominees. To revive the spirit of the previous year, Messi, the canine star of “Anatomy of a Fall,” will also be returning to Cannes for a series of French TV spots.

Cannes 2024: India returns to Palme d'Or stage after 30 years! Aishwarya, Kiara set to steal the spotlight

The Coalition for Content Provenance and Authenticity (C2PA), a global standards body advancing transparency online through certifying the provenance of digital content, on Friday announced that <keyword id="19902762" type="General" weightage="20" keywordseo="google" source="keywords">Google</keyword> has joined as a steering committee member and support <keyword id="20518759" type="General" weightage="20" keywordseo="content-credentials" source="keywords">Content Credentials</keyword> to bring transparency to digital content in the AI era. Google will collaborate with other steering committee members like Adobe, BBC, Intel, Microsoft, <keyword id="19963754" type="General" weightage="20" keywordseo="publicis-groupe" source="keywords">Publicis Groupe</keyword>, Sony, and Truepic to develop the technical standard for Content Credentials. Content Credentials is the C2PA's technical standard for tamper-resistant metadata that can be attached to digital content, showing how and when the content was created or modified. "In the critical context of this year's global elections where the threat of misinformation looms larger than ever, the urgency to increase trust in the digital ecosystem has never been more pressing," <keyword id="20518761" type="General" weightage="20" keywordseo="dana-rao" source="keywords">Dana Rao</keyword>, General Counsel and Chief Trust Officer, Adobe and Co-founder of the C2PA, said in a statement. "Google's membership will help accelerate the adoption of Content Credentials everywhere, from content creation to consumption," he added. Additionally, Google's participation, which includes YouTube, will help increase awareness of Content Credentials as a key resource to help people understand the content they're viewing and trust the digital ecosystem. "At Google, a critical part of our responsible approach to AI involves working with others in the industry to help increase transparency around digital content," said <keyword id="20518760" type="General" weightage="20" keywordseo="laurie-richardson" source="keywords">Laurie Richardson</keyword>, VP of Trust and Safety at Google. "It builds on our work in this space -- including Google DeepMind's SynthID, Search's About this Image and YouTube's labels denoting content that is altered or synthetic -- to provide important context to people, helping them make more informed decisions," she added. Content Credentials are essentially a "nutrition label" for digital content -- showing when a piece of content is created and modified. Content Credentials are free, open-source technology leveraging the C2PA open technical standard that anyone can incorporate into their own products and platforms. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/sony-inzone-buds-review/articleshow/107491862.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/sony-inzone-buds-review/articleshow/107491862.cms" target="_blank">Sony INZONE Buds review – Premium wireless gaming headphones with good battery life</a><a href="https://www.businessinsider.in/tech/news/dell-xps-17-9730-review/articleshow/107330203.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/dell-xps-17-9730-review/articleshow/107330203.cms" target="_blank">Dell XPS 17 9730 review – Feature-packed laptop but at a premium</a><a href="https://www.businessinsider.in/tech/mobile/news/oneplus-open-review/articleshow/106961567.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-open-review/articleshow/106961567.cms" target="_blank">OnePlus Open review – Feature-packed foldable in a premium design</a>

Google joins global coalition to bring transparency to digital content in AI era

Mumbai, The rupee appreciated by 8 paise to close at 82.96 against the US dollar on Thursday after the government hinted at faster fiscal consolidation and lower borrowings in its interim Budget for 2024-25. However, a strong greenback against major rivals overseas and subdued domestic equity markets restricted the sharp gain in the domestic unit, forex traders said. <keyword id="19955404" type="General" weightage="20" keywordseo="finance" source="keywords">Finance</keyword> Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> on Thursday hiked capital expenditure by 11 per cent for the next fiscal to sustain a world-beating economic growth rate while trimming the deficit in a reform-oriented interim budget At the interbank foreign exchange, the rupee opened at 83.02 against the dollar. During the session, the local unit touched a high of 82.93 and a low of 83.03. Continuing on the fiscally prudent path, the Modi government in the interim Budget refrained from announcing populist measures, which will help it trim the fiscal deficit to 5.1 per cent of the GDP next fiscal and 4.5 per cent in FY26. The interim Budget has prioritised pragmatism over populism by focusing on higher capex and faster fiscal consolidation. The math not only projects a better-than-budgeted deficit target for FY24 but also pegs the FY25 goalpost at a narrower 5.1 per cent against expectations of 5.3-5.4 per cent, <keyword id="20370082" type="General" weightage="20" keywordseo="radhika-rao" source="keywords">Radhika Rao</keyword>, senior economist at DBS Bank, said. The rupee finally settled at 82.96 against the US dollar, registering a gain of 8 paise over its previous close. On Wednesday, the rupee appreciated 6 paise to 83.04 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.45 per cent higher at 103.55. Brent crude futures, the global oil benchmark, surged 0.92 per cent to USD 81.29 per barrel. In the domestic equity market, <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword> declined 106.81 points or 0.15 per cent to end at 71,645.30, while the wider <keyword id="19896381" type="General" weightage="20" keywordseo="nifty" source="keywords">Nifty</keyword> fell 28.25 points or 0.13 per cent to 21,697.45. Meanwhile, India's manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Wednesday as they purchased shares worth Rs1,660.72 crore, according to exchange data.

Rupee rises 8 paise as government hints at faster fiscal consolidation

<ul class="summary-list"><li>Campbell Soup is acquiring the parent company of Rao's pasta sauce in a $2.7 billion deal.</li><li>Fans of the product have taken to social media to raise concerns about the fate of the famous sauce.</li></ul>Campbell Soup said it would be <a href="https://www.businessinsider.com/raos-homemade-will-belong-to-campbell-soup-after-sovos-deal-2023-8">doling out $2.7 billion</a> to acquire the parent company of Rao's <a href="https://www.insider.com/best-and-worst-jarred-tomato-sauce-to-buy-reviewed-photos-2021-10?_gl=1*palu7i*_ga*NDgwMjA2NjgxLjE2NjM3MjgwMjY.*_ga_E21CV80ZCZ*MTY5MTczNDM4My4xMjAxLjEuMTY5MTczNTkxMi4xOC4wLjA." target="_blank" rel="noopener noreferrer nofollow">world-famous pasta sauce</a>.But within hours of the announcement on Tuesday, social media was rife with fans concerned about the fate of their beloved sauce."Only decent jarred sauce about to get worse," <a href="https://twitter.com/fritolaysia/status/1688646050486145024">the user @fritolaysia posted on X</a>, formerly Twitter. <a href="https://twitter.com/Treggify/status/1688664225651240960">Another user called @treggify said</a>, "Buying all the raos before it's ruined." An X user called @leadpacer <a href="https://twitter.com/leadpacer/status/1689702255333670914" target="_blank" rel="noopener">said the sauce's recipe could change</a> in a few years because "the MBA types that dominate corporate America struggle to create value, but they can certainly extract it.""That means they're gonna start adding sugar to it. This is why we can't eat nice things," a Reddit user <a href="https://www.reddit.com/r/news/comments/15l468q/campbell_will_acquire_raos_premium_sauces_parent/">commented on a thread about the acquisition with more than 1,200 comments</a>. Another user posted in the same thread, "What's coming: Some more high fructose corn syrup with a touch of shrinkflation at a bigger price."Responses to the media outlets tweeting about the acquisition were also mostly negative, including posts like "<a href="https://twitter.com/imtherealkelsey/status/1688820738625785857" target="_blank" rel="noopener">Please don't ruin Raos</a>" and "<a href="https://twitter.com/RampCapitalLLC/status/1688594202026819597" target="_blank" rel="noopener">Welp now it'll be ruined</a>."Backlash for the acquisition got so much traction that the CEO of Campbell stepped up to say that they won't change the recipe."We will not touch the sauce. We just spent a pretty significant amount of money to buy something that we believe is really really special," Campbell Soup CEO Mark Clouse told <a href="https://finance.yahoo.com/news/campbell-soup-ceo-vows-he-wont-change-raos-recipe-after-27-billion-acquisition-145734725.html">Yahoo Finance in an interview</a>."I appreciate all the encouragement on social media, but we are not going to change it," he said of the pasta sauce. Pointing to Campbell's chicken-soup recipe, Clouse said: "We've been pretty consistent for 125 years with a pretty darn good chicken noodle soup that we guard with our lives to make sure that that quality stays the same."Rao's was originally <a href="https://www.businessinsider.com/raos-takeout-coronavirus-pandemic-review-2020-5#raos-is-one-of-new-yorks-most-exclusive-restaurants-1">one of New York's most exclusive Italian-American restaurants</a>. It evolved into a beloved sauce brand when Frank Pellegrino Sr., the owner of the restaurant who also starred in "Goodfellas," began selling its pasta sauce in 1991.It was acquired by Sovos in 2017, which reported Rao's brand sales reached $580 million in 2022.Campbell's <a href="https://www.businessinsider.com/campbell-soup-snyders-lance-deal-2017-12">last big acquisition was the parent company of Snyder's Pretzels in 2018</a>. The pretzels <a href="https://affiliate.insider.com?amazonTrackingID=biauto-61316-20&amp;h=afa461de52559da3000871a910e98fc020e2399ae5627ef6f8de457fa9943f78&amp;postID=64d5b8880f12f50b2f588cac&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FSnyders-Hanover-Pretzel-Pieces-Variety%2Fproduct-reviews%2FB07CZP49CM">consistently score glowing reviews</a> on Amazon.Campbell Soup and Sovos did not immediately respond to a request for comment sent outside regular business hours.

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