Over the years, Barbie manufacturer Mattel has come under fire for producing dolls that aren’t diverse and that some have said promote unrealistic body standards.īut now the brand has inadvertently strayed into geopolitical quarrels with the movie’s inclusion of Beijing’s controversial nine-dash line on a map. Instead, the much-anticipated “Barbie” has stoked controversy in both Vietnam and the Philippines this week, with the former banning it outright and the latter considering a similar move. Which one has proved to be contentious on the global stage? Surprisingly, it's not the Oppenheimer biopic. One is about the development of the world’s first nuclear weapons. Shares in Pipavav Defence ended 11.6 percent higher at 91.15 rupees in a weak Mumbai market.Two very different films are set to come out on July 21. The chairman also said that the company would shortly appoint merchant bankers for a proposed overseas listing, without disclosing other financial details. It plans to raise long term loans of upto 13 billion rupees of which 10 billion has been approved by lenders. Pipavav has also said it plans to convert its existing wet basin into a dry dock facility to enhance manufacturing facilities for the defence sector. Proceeds from the issue would be used for expanding Pipavav’s presence in the defence segment. The firm, earlier known as Pipavav Shipyard, had last week announced an agreement to raise about 1.6 billion rupees by issuing convertible warrants to a clutch of investors, including billionaire investor Rakesh Jhunjhunwala. Pipavav was still in talks with an overseas strategic investor to sell certain stake, Gandhi said, but did not identify the investor’s name.
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