CCI clears Bharat Forge-AAM India Manufacturing deal with voluntary modifications (See 'Corp Brief') CCI cleared joint proposal of wealth management firm 360 ONE and Bharti Life Ventures to acquire stakes in Bharti Axa Life Insurance Company (See 'Corp Brief') Enforcement Directorate attached fresh assets worth 1,500 crores as part of money-laundering investigation against Sahara Group IBC - Penalty imposed can be reduced to period already under gone and suspension of appellant would be deemed to come to end from date of order: HC (See 'Legal Desk') CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit (See 'Corp Brief') NABARD buys 10% stake in agri-fintech venture 24*7 Moneyworks consulting MeitY hosts 'I Am Circular' Coffee Table Book, curetted by International Council for Circular Economy (See 'Corp Brief') ICAI starts prove into Gensol, BluSmart fraud charges Misc - In view of authorization of any director of company to institute a suit/litigation under Memorandum and Articles of Association, applications are competent even in absence of Resolution: HC (See 'Legal Desk') CCI has approved Bharat Forge's acquisition of AAM India Manufacturing Corporation Pvt Ltd after accepting certain voluntary modifications Traders’ body demanded setting up of independent regulatory body for digital commerce for oversight and holding accountability on e-commerce and quick commerce platforms WAVES 2025 seeks to firmly establish India as global hub for media & entertainment sector (See 'Corp Brief') SEBI announced change in cut-off timings to determine net asset value with respect to repurchase or redemptions of units in + overnight schemes of mutual funds RBI has cancelled licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, as lender does not have adequate capital and earning prospects BIS to offer internship for 500 students from partner institutions (See 'Corp Brief') Nuvama cuts Oberoi Realty's price target by 15% due to weak sales GIFT Nifty indicates strong start for Indian equity indices as it takes cues from Asian and US markets Union Health Secretary has urged for strengthening capacities for prevention, preparedness and mitigation fire safety in hospitals (See 'Corp Brief') Electric two-wheeler maker Ather Energy filed its red herring prospectus trimming size of its IPO amid ongoing market volatility CPC - Question of imputing knowledge to plaintiffs for purpose of barring their amendment on basis of limitation is unmerited: HC (See 'Legal Desk') Tata Investment declares Rs.27 dividend per share for FY25 amid 38% profit slump Reschedule work hours to mitigate effect of extreme heatwaves, Centre tells State (See 'Corp Brief') PMLA - Relevant date to find out scheduled offence and offence of money laundering is when it is projected to be untainted property to make out an offence u/s 3 of PMLA: TRIBUNAL (See 'Legal Desk') IndusInd Bank's share prices fall 6% amid forensic audit by EY into Rs.600 crore discrepancy CCI okays Google's settlement proposal in Android TV matter (See 'Corp Brief') DBT saves Rs.3.48 lakh crore, records 16-fold surge in beneficiaries (See 'Corp Brief') NBFC Firm Piramal Finance has forged co-lending partnership with ICICI Bank to improve credit accessibility in rural and semi-urban regions Khadi & Village Industries Commission has recorded all-time high turnover exceeding Rs 1.70 lakh crore in F.Y 2024–25 (See 'Corp Brief') JIO Finance, NBFC arm of Jio Financial Services, has introduced fully digital loan against securities for its customers with interest rate starting at 9.99% SARFAESI Act - An entity which does not qualify as Financial Institution u/s 2(1)(m)(iv) cannot seek CMM's assistance u/s 14 of the Act to enforce secured interest: HC (See 'Legal Desk') Mental strengh equally important for soldier as combat skill: Rajnath Singh (See 'Corp Brief') Bengaluru based BlueStone Jewellery has received SEBI’s approval to raise funds via IPO, which will be combination of fresh issue of shares of up to Rs. 1,000 crores SARFAESI Act - Financial Institution needs to have assets worth Rs. 100 crores or more to be eligible to invoke provisions of Act for enforcing secured interest: HC (See 'Legal Desk') To enhance investor protection and curb financial fraud, SEBI has directed all regulated entities to exclusively use '1600' phone number series for service calls Fatty liver disease is preventable, reversible through healthy lifestyle choices: JP Nadda (See 'Corp Brief') PMLA - When sickness is serious enough to pose threat to life and requires medical assistance which is unavailable in jail facilities, accused should be granted bail under PMLA: HC (See 'Legal Desk') CCI has cleared South Africa-based Sanlam and Shriram Credit Company's joint proposal to acquire stake in Shriram Asset Management Company 42 Finalists of WAVES 2025 Animation Film makers Challenge announced (See 'Corp Brief') Second Edition of three-week Tri-services 'Future Warfare Course' in Delhi from April 21 (See 'Corp Brief') IPR - Registered trade mark may be taken off Register of Trade Marks if same is not used in relation to those goods/ services in respect of which it is registered for continuous period of at least 5 years: HC (See 'Legal Desk') Union Home Minister unveils 'HEALD' initiative to combat liver diseases across India (See 'Corp Brief') Union Minister Dr Jitendra Singh, along with Chief Minister Omar Abdullah, inaugurated first-ever Multi-level Parking Complex in heart of Kathua town (See 'Corp Brief') SEBI Act - writ petition under Articles 226 & 227 not maintainable as alternate statutory remedy under Section 15Z of the SEBI Act, 1992, is available: HC (See 'Legal Desk') Startup Life Ledger: A CA's Reflection on Founder's Balance Sheet (See 'CORP EINSICHT')

42 Finalists of WAVES 2025 Animation Film makers Challenge announced

Published: Apr 21, 2025

By TIOLCorplaws News Service

MUMBAI, APR 21, 2025: THE finalists of the Animation Film Makers Competition (AFC) being held as part of the 'Create in India Challenge Season-1' of WAVES 2025 has been announced. The best 42 projects, focussing on original storytelling across the entire spectrum of animation, encompassing traditional animation, VFX, Augmented Reality (AR)/Virtual Reality (VR), and virtual production, have made it to the final round. These talented participants will now have the opportunity to pitch their original projects during the WAVE Summit which will be held in Mumbai from May 1-4, 2025. The top 3 winners will each receive a cash prize of up to INR 5 Lakhs.

The selection of the top-42 finalists was the result of a rigorous nine-month evaluation process led by the Dancing Atoms team, in collaboration with the WAVES team. The  dedicated efforts of the participants were complemented by the discerning expertise of an esteemed panel of national and international jury members, including:

- Anu Singh

- Farrukh Dhondy

- Dan Sarto

- James Knight

- Jan Nagel

- Gianmarco Serra

- Indu Ramchandani

- Vaibhav Piwlatkar

The list of top-42 finalists and their projects are available in Annexure.

The potential economic impact of their projects is significant, with each animated VFX feature film capable of generating employment for 100-300 individuals. WAVES AFC 2025 represents a crucial investment in creative talents of India, fostering job creation and global opportunities. The competition's ambition extends to fostering international co-productions.

This groundbreaking global initiative, supported by the Ministry of Information & Broadcasting and spearheaded by Dancing Atoms, marks the first time all four verticals of the AVGC sector are represented under one umbrella in such a competition.

WAVES AFC 2025 garnered an overwhelming response, receiving approximately 1900 registrations and 419 diverse entries from amateur enthusiasts, talented students, and seasoned professionals worldwide. This enthusiastic participation underscores the competition's vital role in identifying and nurturing fresh creative voices within the animation industry.

Beyond showcasing talent, the initiative has prioritized mentorship at all stages. All contestants, regardless of their final selection, benefited from invaluable masterclasses led by renowned industry leaders such as Academy Award winner Guneet Monga, acclaimed producer Shobu Yarlagadda, and Saraswathi Buyyala. These sessions focused on refining pitching skills and navigating the complexities of the industry. These projects will be pitched to various OTT platforms and key industry players. Dancing Atoms Studios founder Saraswathi Buyyala is actively engaging with embassies from 17 countries (Australia, Bangladesh, Brazil, Canada, China, Colombia, France, Germany, Israel, Italy, Korea, New Zealand, Poland, Portugal, Russia, Spain, United Kingdom) to facilitate collaborations for these top- 42 projects. In order to promote these projects, meetings are also being scheduled with prominent distributors. The top 42 projects represent a diverse spectrum, including 12 feature films, 9 TV series, 3 AR/VR experiences, and 18 short films, offering a rich variety for potential viewers and collaborators.

The Ministry of Information and Broadcasting's crucial support has been instrumental in elevating AFC WAVES 2025 to its current stature. The dedication to fostering original storytelling within the animation, VFX, AR/VR, and virtual production sectors has provided invaluable resources and recognition, empowering emerging talent on a significant platform. This  competition and its rigorous screening processes and enriching learning opportunities, underscored the government's commitment to nurturing India's creative potential in the dynamic world of animation. Each selected entry offers a unique narrative and showcases diverse creative approaches, including compelling international submissions. Going forward, the future of animation, VFX, AR/VR, and virtual production storytelling will unfold at WAVES AFC 2025.

About WAVES

The first World Audio Visual & Entertainment Summit (WAVES), a milestone event for the Media & Entertainment (M&E) sector, will be hosted by the Government of India in Mumbai, Maharashtra, from May 1 to 4, 2025.

Whether you're an industry professional, investor, creator, or innovator, the Summit offers the ultimate global platform to connect, collaborate, innovate and contribute to the M&E landscape.

WAVES is set to magnify India's creative strength, amplifying its position as a hub for content creation, intellectual property, and technological innovation. Industries and sectors in focus include Broadcasting, Print Media, Television, Radio, Films, Animation, Visual Effects, Gaming, Comics, Sound and Music, Advertising, Digital Media, Social Media Platforms, Generative AI, Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR).

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