Author: News Desk

Private equity firm Everstone has secured a deal to acquire a majority stake in Wingify, a leading Indian software-as-a-service company, for approximately $200 million, according to sources familiar with the matter. The acquisition marks a significant exit for Paras Chopra, the founder of Wingify, who built the company without external funding since its inception in 2010. Based in Delhi, Wingify has evolved from a small startup into a global software provider with over 6,000 clients. Its main product, Visual Website Optimizer (VWO), helps businesses enhance online conversion rates through A/B testing and customer experience optimization. The company’s annualized revenue recently…

Saudi films will be showcased in India for the first time through the “Saudi Film Nights” festival, starting on January 31 and running until February 5. This traveling festival, which has already seen success in Morocco, Australia, and China, will kick off at the National Museum of the Indian Cinema in Mumbai, with additional screenings in Delhi and Hyderabad. The event will feature a selection of long and short films, followed by panel discussions with filmmakers and cast members. The Saudi film industry has grown rapidly since cinemas reopened in the kingdom in 2018. In 2023, Saudi theaters generated over…

Tata Motors is gearing up to transform public transportation with hydrogen-powered buses, equipped with engines manufactured at Tata Cummins’ Jamshedpur plant. The company announced that trials for these eco-friendly buses will begin soon, with hydrogen-powered trucks slated for launch in March 2025. Commitment to Sustainable Mobility At the Bharat Mobility Global Expo 2025, Tata Motors unveiled its hydrogen internal combustion engine technology, demonstrating its dedication to sustainable transportation. A Tata Motors spokesperson stated, “We are proud to introduce hydrogen-powered vehicles that align with India’s vision for sustainable mobility.” Planned Routes for Hydrogen Buses Initially, the hydrogen-powered buses will operate between…

Saudi Crown Prince Mohammed bin Salman has unveiled plans to invest $600 billion in the United States over the next four years. The announcement came during a phone call with former U.S. President Donald Trump, as reported by the state-run Saudi Press Agency. While details of the investment remain unclear, the kingdom aims to strengthen its trade and economic ties with the U.S. Focus on Diversified Investments Although Saudi Arabia has historically depended on oil exports to fuel its economy, recent years have seen a shift towards diversification. The kingdom has invested heavily in American businesses and sports ventures. Additionally,…

Royal Enfield has launched the Scram 440, a powerful new motorcycle aimed at adventure enthusiasts. Unveiled at Motoverse 2024, the bike starts at ₹2.08 lakh (ex-showroom) for the base Trail variant and also offers a premium Force variant. Positioned against rivals like the Triumph Scrambler 440x, the Scram 440 enhances the legacy of the Scram 411 with a larger engine, improved features, and a fresh design. Distinctive Design and Features The Scram 440 carries forward the neo-retro aesthetic of its predecessor, featuring a round LED headlamp and a boxy fuel tank emblazoned with the Royal Enfield logo. The exposed chassis…

Bollywood actors are not only known for their incredible on-screen performances but also for their lavish homes. These properties, often worth crores, redefine luxury living. Here’s a peek into some of the most opulent homes owned by Bollywood celebrities: 1. Shah Rukh Khan’s Mannat Shah Rukh Khan’s iconic 27,000-square-foot mansion in Bandra, Mumbai, is valued at Rs 200 crore. With a gym, pool, and auditorium, Mannat stands as one of Mumbai’s most recognizable landmarks. 2. Amitabh Bachchan’s Jalsa Amitabh Bachchan’s Jalsa in Juhu is a sprawling 10,125-square-foot residence, worth between Rs 100-120 crore. The home features exquisite artwork, including a Rs 4 crore painting…

Swedish supplier Robot System Products (RSP) has launched its first production facility outside Sweden, located in Chennai, India, through its subsidiary Scandinavian Robot Systems India Private Limited. This expansion, initiated in November 2023, marks a significant milestone for the company as it aims to cater to the growing industrial automation market in India. Growth and Expansion in India In 2024, RSP saw notable growth, particularly within India’s automotive and Tier-1 automotive ancillary sectors. To improve customer service, RSP opened a branch office in Pune, enhancing its presence in western India. The Chennai facility focuses on producing key components such as…

Vietnamese low-cost carrier, VietJet Air, will begin non-stop flights between Ho Chi Minh City (SGN) and Bengaluru (BLR), Hyderabad (HYD) in India starting March 2025. This marks the first-ever non-stop air service between Vietnam and these major Indian cities. Flight Details for Bengaluru and Hyderabad VietJet’s Expansion in India The addition of Bengaluru and Hyderabad to VietJet’s network expands its reach in India. The airline already operates flights to Delhi, Mumbai, Ahmedabad, and Kochi. With these new routes, VietJet aims to offer competitive fares and improve connectivity between Vietnam and southern India. Boost to Tourism and Trade The new flights…

Maharashtra has taken a giant leap towards bolstering its economy with 31 Memorandums of Understanding (MoUs) signed at the 2025 World Economic Forum in Davos, Switzerland. The total investments pledged amount to over Rs 6.25 lakh crore, covering key sectors like automotive, steel, defense, electric vehicles (EVs), renewable energy, and electronics. Chief Minister Devendra Fadnavis revealed this development on January 22, marking a significant achievement for the state. Key Companies Invest in Maharashtra Prominent names like Tata Group, Ceat, Essar Renewables, Bharat Forge, Welspun Corp, Reliance Infra, and Olectra Greentech are among the companies committing to these investments. The Tata…

Saudi Arabia’s Kingdom Holding Company (KHC), led by Prince Alwaleed Bin Talal, has expressed interest in ByteDance’s TikTok if a potential buyer like Elon Musk steps forward. KHC already holds stakes in Musk’s ventures, including the social media platform X and artificial intelligence startup xAI. TikTok’s Uncertain Future TikTok’s future in the U.S. remains uncertain. The app faced a potential ban that was postponed after an executive order by then-President Donald Trump. Musk was recently suggested as a possible buyer, which could add TikTok to his growing portfolio. Expanding Investments KHC’s portfolio is vast, spanning sectors like petrochemicals, healthcare, real…