OPINION, P10 WELL BEING ACROSS THE AISLE, P CHIDAMBARAM With rising temperatures and impending heatwaves, know about the various skin-related ailments Page 7 FE LINES SUMMER SUN GETTING UNDER YOUR SKIN? HELP IS AT HAND Between Scylla and Charybdis VOL XIX NO. 46 A new colour is discovered Phone displays, VR sets suddenly have new horizons to explore Page 9 LEISURE Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM WHEN TECH MEETS BEAUTY FINANCIAL EXPRESS ON SUNDAY SUNDAY, APRIL 27, 2025 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , READ TO LEAD H Y D E R A B A D , K O C H I , K O L K A T A , L U C K N O W , VIKRAM CHAUDHARY New Delhi, April 26 MOTORCYCLING IS UNDERGOING a transformation as more buyers are turning theirattention from economy commuter bikes to more powerful, lifestyle-oriented ones. The share of motorcycles in the 250-800 cc category, commonly Charge of the Indian art brigade The tragicomedy of Silicon Valley Active client additions on NSE at 3-year high Groww InvestTech led with 12.9 million active clients, reflecting a 35.5% jump. Zerodha retained the second position, with its client base growing by 8.3% to 7.9 million. Compiled by Kishor Kadam Top 5 brokerages 35.4 48.7 40.0 40 60 40 10.2 18.4 39.6 Active clients at NSE In million y-o-y % growth (LHS) (RHS) 60 100 21.7 23.9 50 80 0 20 0 FY20 FY25 Active clients (in million) y-o-y % growth 12.9 Groww Invest Tech 35.5 Zerodha Broking 7.9 8.3 Angel One 7.6 24.0 Upstox Securities ICICI Securities 2.7 1.9 referred to as big bikes, has grown significantlyin recentyears,underscoring a broadershift in consumer aspirations and spending patterns. designed for voice, to be ready for populationscale deployment SOUMYARENDRA BARIK New Delhi, April 26 Facebook’s missteps are chronicled by a former employee 10 611,855 29,023 ● Model to be ready AIDING INNOVATION ■ Sarvam's model in six months with to be capable full govt support of reasoning, ■ WORDS WORTH, P4 20 350-500 cc 500-800 cc 121,322 11,523 48,688 According to data from the Society of Indian Automobile Manufacturers(Siam),bigbikesaccountedfor 8.5% of total motorcycle sales in B'luru startup to build India's firstAI model Indian artists are setting new sale records worldwide. The figures may still be miniscule, but the market is on track to take its rightful place on the global map 9.2 5.5 As of March 31, 2025; Source: NSE THE GOVERNMENT HAS selected Bengaluru-basedstartupSarvamto build the country’s first indigenous artificial intelligence (AI) large language model (LLM), in a bid to counter China’s low-cost model DeepSeek.Thestartup,chosenfrom among 67 applicants, will receive compute resources support from the government to build the model from scratch. Sarvam is the first startup to get incentives under the ambitious `10,370-croreIndiaAIMission, even as the government is assessing hundreds of other proposals. Sarvam said its model will be capable of reasoning,be designed for voice, fluent in Indian languages, and ready for populationscale deployment. A senior official said in terms of government Total big bikes 866,492 SARVAM SELECTED UNDER INDIA-AI MISSION ■ SPOTLIGHT, P5 30 250-350 cc ● Share of 250-800 cc ZOOMING AHEAD motorcycles at 8.5% (in units) FY21 FY25 from 6.1% in FY21 571,309 THE NUMBER OF active clients on the NSE rose by 21.7% to 48.7 million in FY2025, marking the highest growth in three years. In contrast, the previous fiscal saw a modest rise of just 1%. Among brokerages, M U M B A I , N E W D E L H I , P U N E Big bike boom: Riders opting forpower,prestige WHAT'S INSIDE 1,036,502 AHMEDABAD 18 Pages, `12 How tech innovations are changing the face of beauty industry Page 6 ■ Company to receive access to 4,000 GPUs from govt for 6 months to build, train model ■ Model not expected to be open-sourced, but will be fine tuned for Indian languages ASHWINI VAISHNAW, IT MINISTER This model will have 70 bn parameters that can compete with some of the best in the world support, the company will receive access to 4,000 graphics processing units (GPUs) for six monthsforthecompany to build and train its model. The model is not expectedtobeopen-sourced,butwill befine-tunedparticularlyforIndian languages.TheGPUswillbeprovided to Sarvam by companies separately selectedbythegovernmenttosetup AI data centres in India. “This (Sarvam’s) modelwill have 70 billion parameters and many innovations in programming as well as engineering. With these innovations,a 70 billion parameter (model) can compete with some of the best in the world,” IT minister AshwiniVaishnawsaid on Saturday. As part of the Sarvam’s LLM proposal, the company is developing three model variants—SarvamLarge for advanced reasoning and generation, Sarvam-Small for realtime interactive applications, and Sarvam-Edgeforcompacton-device tasks—said Pratyush Kumar,one of the company’s two co-founders. Sarvam’s model will be built, deployed, and optimised in India, using local infrastructure and developed by a new generation of Indian talent.This initiative aimsto promote strategic autonomy,accelerate domestic innovation, and secure India’s leadership in AI for thelongterm,thecompanysaidina press release. Continued on Page 2 % share in total motorcycles 6.1 8.5 FY25, up from 6.1% in FY21. In absolute terms, sales of big bikes surged from 611,855 units in FY21 to 1,036,502 units in FY25. This GROWING MARKET FROM HERBALTOOTHPASTE free from fluoride and parabens, plantbased wipes in purified water, aloe vera,castoroiltoeco-friendlydiapers, mild body cleanser and vapour rub witheucalyptus,rosemary,lavender, and thyme oil... the baby care segment is big on premiumwellness. Brands like DaburIndia,Mothercare,Mahindra FirstCry,BabyForest, MaateandHimalayaWellnessaretapping into the space where conscious consumerismisdrivingdemandand supplyinnewcategorieslikeorganic, chemical-plastic-free products. $26.35 bn Growth predicted in India's childcare products from 2020 to 2025, at a CAGR of 11.11% 306 mn No. of kids in 0-12 age group, making India one of the youngest nations in the world ■ Products range from herbal kids’ toothpaste to baby lotion with ghee, aloe vera extract ■ Startups also offering ayurveda-based, vegan, sustainable products For instance, Dabur India ventured into ayurveda-based herbal range of kids’toothpaste in December 2024. Last year, Himalaya well- ness launched its baby lotion with purecowgheeandsoothingaloevera extract.Baby care startups like Baby Foresthaveluxuryayurveda-inspired Continued on Page 2 ● CRACKDOWN IN KASHMIR REUTERS The demolished house of one of the suspects of the Pahalgam terror attack, in Pulwama.Authorities are in an overdrive, razing homes of ■ REPORTS ON PAGE 14 ultras and raiding their safe havens M&M to buy 59% stake in SML Isuzu FE BUREAU Mumbai, April 26 MAHINDRA& MAHINDRA (M&M)on Saturday announced that it has entered into an agreement to acquire 58.96% stake in SMLIsuzu (SML) at `650 pershare,which is an outlay of `555 crore. The proposed acquisition is a step towards establishing a strong presenceintheover3.5-tonnecommercial vehicle segment, where M&M has a 3% market share today, the company said.M&M has a 52% market share in the less than 3.5tonnelightcommercialvehiclesegment (LCV). “M&M’s trucks and buses division has made meaning- Babycaregoesbigonpremiumwellness VAISHALI DAR New Delhi, April 26 marks a near doubling in just four years,with overall motorcycle sales risingfrom10milliontoover12million units during the same period. Several factors have contributed to this shift. A key driver has been the increasing availability of models in the 250-800 cc segment. In FY21, buyers had 40 models to choose from, including some imported options. By FY25, that number had expanded to 56, offering a wider range of styles and price points to suit diverse customer preferences. products with non-toxic formulationstailoredforinfants,whileMaate has sustainable,vegan products that use kokum butter,saffron oil,toxinfree,driving sales and innovation. “Young mothers are seeking products that not just meet global standards but are true to traditional Indian knowledge. Rising income levels, better informed parents and the growing penetration of social networkshavecontributedtoaspurt indemandforqualitybabycareproducts that are not just natural but also free of harmful chemicals,” said MohitMalhotra,CEOofDaburIndia. Continued on Page 2 `555-cr deal at `650/share ful progress over the past fewyears. Thisacquisitionwilldoublethemarket share to 6%, with a plan to increase this to 10-12% by FY31 and over 20% by FY36,”M&M said. Continued on Page 2 Longer flights: DGCA advisory to airlines DGCA ISSUED advisory to airlines on providing proper communication and in-flight services to passengers over longer flying time of flights due to Pakistan airspace closure. ■ PAGE 3 Kailash Mansarovar Yatra from June AFTER NEARLY five years, India and China will resume the Kailash Mansarovar Yatra from June, the ministry of external affairs said on Saturday. ■ PAGE 2 World leaders attend Pope’s funeral DoubtPutinwillendwar,saysTrump, after‘productive’talk with Zelensky ASSOCIATED PRESS Vatican City, April 26 ASSOCIATED PRESS Rome, April 26 WORLD LEADERS AND Catholic faithfulbadefarewelltoPopeFrancis in a funeral on Saturday that highlighted his concern forpeople on the “most peripheral of the peripheries” and reflected hiswishes as pastor. Though presidents and princes attended the Mass in St Peter’s Square,prisoners and migrantswill welcome him at the basilica across town where he will be buried. Some 2,50,000 people flocked to the funeral Mass and tens of thousands more lined the motorcade route, clapping and cheering “Papa Francesco” as his simple wooden coffin travelled aboard one of his old popemobiles to its final restingplaceatStMaryMajorBasil- The coffin of Pope Francis being carried during his funeral in St Peter's Square at the Vatican, on Saturday ica on the other side of the city. It was then carried into the church,escorted bySwiss Guards. AP Earlier, Cardinal Giovanni Battista Re,the 91-year-old dean of the College of Cardinals, eulogised Francis as a pope of the people, a pastorwho knewhowto communicate to the“least among us”with an informal,spontaneous style. DespiteFrancis’focusonthepowerless,the powerfulwere out in force at his funeral. US President Donald Trump and former president Joe Biden, Ukrainian President Volodymyr Zelensky, UN secretarygeneralAntonioGuterres,andBritish PM Keir Starmer joined Prince WilliamandEuropeanroyals,leading more than 160 official delegations. Argentine President JavierMilei had the pride of place given Francis’ nationality, even if the two didn’t particularly get along and the pope alienatedmanyArgentinesbynever returning home. Continued on Page 2 AP US PRESIDENT DONALD Trump said SaturdayhedoubtsRussia’sVladimir PutinwantstoendhiswarinUkraine, expressing new scepticism that a peace deal can be reached soon. “There was no reason for Putin to be shooting missiles into civilian areas, cities and towns, over the last few days,”Trump said in a social media post as he flew back to the United States after attending Pope Francis' funeral at the Vatican,where he met briefly with Ukrainian President VolodymyrZelensky. Trump also hinted at further sanctions against Russia.“It makes methinkthatmaybehedoesn'twant to stop the war,he's just tapping me along,andhastobedealtwithdiffer- US President Donald Trump meeting Ukrainian leader Volodymyr Zelensky on the sidelines of the Pope’s funeral. Zelensky said it could prove historic ently,through'banking'or'secondary sanctions?' Too many people are dying!!!” Trump wrote. The commentssharplycontrastwithTrump's positive assessment that the two sides were“very close to a deal”after his special envoy,Steve Witkoff,met with Putin in Moscowon Friday. Continued on Page 2 Ahmedabad