Author: News Desk

Swiggy has decided to shut down Genie, its hyperlocal delivery business, following underwhelming revenue performance. The service, which competed with players like Uber Package, Porter, and Dunzo, was an ancillary part of Swiggy’s broader business and did not generate enough revenue to justify further investment. The move comes as Swiggy shifts its focus toward its core services, particularly food delivery, and aims to scale its quick commerce segment. Quick commerce has become increasingly important in the competitive landscape, with rivals like Blinkit and Zepto intensifying their efforts. Genie, which was available in over 60 cities, has been offline for some…

JioStar, the media joint venture between Reliance’s Viacom18 and Disney India, plans to invest over ₹84,000 crore (around $10 billion) in content development between FY24 and FY26. This was revealed by Uday Shankar, the company’s vice chairman, during the WAVES 2025 summit. The company spent ₹25,000 crore in FY24, increased it to ₹30,000 crore in FY25, and projects a further rise to ₹32,000–₹33,000 crore in FY26. Strategy Rooted in Local Relevance Shankar emphasized that JioStar’s content investment is entirely designed for Indian audiences. He underscored the importance of creating locally relevant stories rather than adopting foreign formats. The goal is…

Afsar Zaidi started his career working at Mahesh Bhupathi’s Globosport India Private Limited. However, not satisfied with just a 9-to-5 job, he founded his own talent management company, Carving Dreams, in 2005. This venture later evolved into Exceed Entertainment, which today represents some of Bollywood’s biggest celebrities including Hrithik Roshan, Saif Ali Khan, Shahid Kapoor, and Priyanka Chopra. Co-Founding HRX with Hrithik Roshan In 2013, Zaidi partnered with Hrithik Roshan to launch HRX, India’s first homegrown fitness and lifestyle brand. At a time when e-commerce was still growing, they placed a big bet by collaborating with platforms like Myntra. The gamble paid off—HRX recorded…

Mohanlal’s main residence is a lavish mansion in Thevara, Kochi, overlooking the Kerala backwaters. Estimated to be worth around Rs 15 crore, the villa features antique art, a serene verandah, an award gallery, an open-air bathing area, and a private home theatre and gym. Rs 35 Crore Apartment in Burj KhalifaMohanlal owns a luxurious one-bedroom apartment on the 29th floor of Dubai’s Burj Khalifa. With panoramic views of the Dubai Fountain and skyline, the property is valued at Rs 35 crore and represents one of the actor’s most elite investments. Spacious Duplex in KundanoorIn 2022, Mohanlal bought a 9,000 sq.…

The quick commerce sector has shown significant growth, with the top three firms, Blinkit, Zepto, and Swiggy Instamart, delivering over 4 million orders daily in March 2025. This marks a major leap from the previous year, with the combined total for the top five quick commerce players reaching 4.8 million daily orders. Blinkit Leads, Zepto and Swiggy Instamart Close Behind According to data shared with Moneycontrol, Blinkit maintained its leadership in the market, delivering approximately 1.65–1.75 million orders per day in March. Zepto followed with 1.45–1.55 million orders, while Swiggy Instamart ranked third, with 1.05–1.15 million orders daily. The three…

At just 14, Vaibhav Suryavanshi has built an estimated net worth of ₹2.5 crore, powered by his groundbreaking debut in the IPL. His century for Rajasthan Royals and ₹1.1 crore auction price have made him one of the youngest high-earning athletes in the country. Strong Family Support Behind His Journey Vaibhav was born in Tajpur, Bihar, and started playing cricket at age four. His father sold farmland to support his training. The family routinely travelled 100 km for his academy sessions, and former cricketer Manish Ojha mentored him early on. Career Milestones Driving His Value IPL Success Boosts Financial Growth…

Warren Buffett, 94, announced he will step down as CEO of Berkshire Hathaway by the end of 2025. The declaration was made during the company’s annual shareholders’ meeting in Omaha. Buffett said the board will soon formalize the decision, naming Greg Abel as his successor. Though Buffett had previously identified Abel as next in line back in 2021, the timing of the announcement surprised many attendees. Board Informed During Annual Meet Buffett stated that only two of the 11 board members — his children, Howie and Susie — were aware of his decision before the meeting. He confirmed that the…

Zoho has officially paused its semiconductor chip manufacturing plans, nearly a year after announcing a $700 million investment in the sector. The company faced difficulty finding a suitable technology partner and has now decided to shelve the initiative. CEO Cites Uncertainty in Tech Zoho founder and CEO Sridhar Vembu stated that the company lacked confidence in the technology and was not ready to proceed. He emphasized that semiconductor manufacturing is highly capital-intensive and needs strong government support. Vembu said the board decided not to pursue the plan until they are more certain about their technology capabilities. Ethical Stand on Public…

Sivasankari TP, a woman entrepreneur from Tamil Nadu, is transforming the electric vehicle (EV) landscape in India. Her startup, AR4 Tech, offers a quick and affordable solution to convert petrol two-wheelers into electric vehicles in under two hours. By making EV technology accessible, she aims to reduce costs and promote sustainable mobility. Overcoming Challenges to Lead an EV Revolution Hailing from Thakkolam, a small village in Tamil Nadu where women’s education was often discouraged, Sivasankari pursued higher studies with the support of her father. After completing her MTech in information technology, she explored various entrepreneurial ventures before stepping into the…

While many Bollywood stars like Shah Rukh Khan and Amitabh Bachchan are household names with immense wealth, there’s one south Indian superstar who surpasses even the likes of Rajinikanth and Prabhas in terms of riches. That star is Akkineni Nagarjuna, a prominent actor in Telugu cinema who has amassed considerable wealth from his successful career and business ventures. Rise to Stardom Born in Madras (now Chennai), Nagarjuna made his first appearance as an infant in the film Velugu Needalu in 1961. Over time, he transitioned from a child artist to one of the most celebrated actors in Telugu cinema, starring in blockbusters…