Riot Games, renowned for popular titles such as “League of Legends,” revealed plans on Monday to lay off 530 employees, constituting approximately 11% of its global workforce. CEO Dylan Jadeja conveyed the news in a blog post, emphasizing that teams not directly engaged in game development would bear the brunt of the layoffs. Riot Games Addresses Challenges The digital gaming industry grapples with challenges as audiences hesitate to purchase expensive titles or stick to fewer games amid high inflation. A parallel trend occurred last year when Electronic Arts Inc. slashed 6% of its staff and downsized office space. In his…
Author: Editorial Team
The Indian government, with a vision to transform the country into a developed nation by 2047, actively promotes the shift towards electric vehicles (EVs). Secretary Rajesh Kumar Singh of the Department for Promotion of Industry and Internal Trade (DPIIT) highlighted this during a session at the World Economic Forum (WEF) in Davos. The plan encompasses tax incentives, production-linked incentive schemes, and the mandatory provision of charging infrastructure to bolster EV adoption. Singh emphasized that the development and adoption of EVs plays a pivotal role in India’s transition to a low-carbon economy, aiming to decarbonize the freight transport sector by transitioning…
The Ram Mandir inauguration in Ayodhya has captured the keen interest of Hindu devotees worldwide, presenting a ripe opportunity for businesses and investors across India. The Rs 85,000 crore makeover is expected to revolutionize the ancient holy city into a global religious hotspot, bringing with it a host of economic goodwill. Built after a decades-long movement, the newly constructed Ram Mandir is becoming the catalyst that could propel the around 240 million people-strong Uttar Pradesh state to the world stage. Whether it’s the government-led infrastructure push shaping the holy city of Ayodhya into a modern spiritual tourism hub or the…
On Monday, January 22, celebrities including Akshay Kumar, Tiger Shroff, and Riteish Deshmukh expressed their wishes on social media, celebrating the Ayodhya Ram Mandir inauguration. Pawan Kalyan, a prominent South superstar and politician, shared a video marking the occasion. The consecration ceremony witnessed the participation of diverse personalities from various walks of life. From Akshay Kumar to Pawan Kalyan, Bollywood and South stars actively shared their joy through posts, marking the significant event of the Ram Temple inauguration. Celebs Share Joyful Wishes for Ayodhya Ram Mandir Inauguration Akshay Kumar and Tiger Shroff shared a video, expressing wishes for the special…
Sony Group has declared the termination of its 2021 merger agreement with Zee, pursuing $90 million in termination fees. Zee, in response, has refuted Sony’s claims, emphasizing its commitment to protecting stakeholders’ long-term interests. Zee is evaluating options and intends to contest Culver Max and BEPL’s claims through legal action and arbitration proceedings to safeguard its position. Zee Entertainment, the Indian media conglomerate, asserts it will take legal action against Sony Group following the termination of merger plans, which would have created India’s largest broadcasting company. Sony Ends Merger Plan with Zee in India Operations On Monday, Sony announced the…
Director Vikas Bahl, known for Super 30 and Queen, is crafting a supernatural thriller, Shaitaan, with lead roles played by Ajay Devgn, R Madhavan, and Jyotika. The film is set to grace screens on March 8, as announced by the lead cast on their social media accounts. Ajay Devgn, R Madhavan, and Jyotika personally revealed the film’s poster, showcasing five voodoo dolls. ‘Shaitaan’ Promises Supernatural Thrills The film’s plotline has been shrouded in secrecy by the makers. The poster, featuring five voodoo dolls, sparks curiosity about the narrative, suggesting a storyline rooted in black magic. Ajay shared the film’s poster,…
Prepare for a blast from the past with Disney’s announcement of a Wizards of Waverly Place sequel. Fans rejoice as Selena Gomez and David Henrie make a triumphant return as Alex and Justin Russo. The official confirmation of the sequel a decade after the original series has stirred excitement. Selena Gomez and David Henrie reprised their roles as adult siblings in a Wizards of Waverly Place sequel, as Disney Channel officially ordered a pilot. The throwback photo on Gomez’s Instagram Story hinted at a new chapter in the well-known show, featuring Alex and Justin Russo in their New York City…
On Friday, Hyundai Motor India confirmed the completion of its acquisition of General Motors India’s manufacturing plant in Talegaon, Maharashtra. The company, the country’s second-largest carmaker, declared a substantial Rs 6,000 crore investment in Maharashtra, aligning with an agreement forged between Hyundai and the state government in Davos. This acquisition underscores the automaker’s dedication to Atmanirbhar Bharat, positioning India as a central hub for cutting-edge smart mobility solutions.Hyundai Completes Talegaon Plant AcquisitionHyundai Motor India declared the completion of the Talegaon facility acquisition, highlighting the fulfilment of specific conditions and the receipt of regulatory approvals from relevant government authorities and stakeholders,…
Billionaire Gautam Adani, racing to future-proof his coal-linked fortune, is building the world’s largest renewable energy park deep in the desert along the border with Pakistan. He asserts that this monumental solar and wind project, once fully operational, will constitute a quarter of the country’s current wind and solar capacity. Despite India ranking as the world’s third-largest carbon emitter, Prime Minister Modi’s government, led by Adani’s ambitious initiatives, grapples with the challenge of meeting the nation’s growing energy demands. Adani’s Resilient Comeback After Hindenburg Case In 2022, Gautam Adani briefly claimed the title of the world’s second-richest man, amassing a…
Punit Goenka, Zee Entertainment’s Managing Director and CEO, has proactively offered to step down from his chief executive role, anticipating the impending deadline for the $10 billion Zee-Sony merger on January 20. The Sony Group Corp has scheduled a board meeting for Friday to make a pivotal decision regarding the merger, initially proposed two years ago to create India’s largest broadcast company. Strained negotiations and unresolved issues have brought the merger under scrutiny. Disagreements between Sony and Zee, particularly concerning the leadership of the merged entities, persist. Sony advocates for its India MD and CEO, NP Singh, to assume the…