Today the business volume of tourism equals or even surpasses that of oil exports, food products or automobiles. According to UN World Tourism Organization (UNWTO), tourism contributes 10% of the world’s GDP and is one of the major players in international commerce. Saudi Arabia, having recorded a significant increase in the contribution of national tourism to GDP as one of the high growth non-oil economic sectors, is a case in point, recording close to 200% growth in 12 years.
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PVR Ltd, India’s largest multiplex company today announced that it has entered into definitive agreements with Smaaash Entertainment Private Limited to sell its stake in bluO entertainment, a premium bowling and entertainment format operated by the Company. As part of its national expansion plans, Smaaash Entertainment, a gaming and entertainment company, has acquired 100% stake in bluO entertainment (a bowling company), through a cash acquisition deal of 86 Crore.
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In another defining acquisition to strengthen its presence in the country, Messe Frankfurt India Trade Fair Pvt Ltd, the Indian subsidiary of one of the world's leading trade show organisers, Messe Frankfurt Exhibition GmbH, announced that it has acquired the rights of Screen Print India.
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SMAAASH gaming and entertainment center has announced the appointment of Tushar Dhingra as its new Chief Executive Officer with immediate effect. SMAAASH is known to offer an immersive, evolved, interactive and innovative social experience that marries sports, virtual reality, music and dining in India and the US.
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Continuing its association with sports, TVS Tyres, manufacturer and exporter of two and three wheeler tyres and Off-Highway Tyres in India, has once again associated with Pro Kabaddi League (PKL) for its fifth season as the ‘Powered By’ Sponsor of the Telugu Titans team. TVS Tyres has been previously associated with Telugu Titans during the second season of PKL as ‘Associate Sponsors’.
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Dsport, a premium sports TV channel by Discovery Communications India, has announced the acquisition of the broadcast rights of the fifth edition of the Audi Cup 2017.
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Ravneet Kaur, Additional Secretary has been appointed as the Chairperson and Managing Director (C&MD) of India Tourism Development Corporation (ITDC). She succeeds Shri Umang Narula, a 1989-batch IAS officer of the J&K Cadre.
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After making headlines with her debut song ‘Livin’ the Life’, Ananya Birla will be releasing her second international single, ‘Meant To Be’ on the 28th of July, 2017. The electro-pop single is produced by Anders Frøen known as Mood Melodies, famed co-producer of the song “Faded” by Alan Walker, having worked with artists such as Jessie J, Alessia Cara, Zedd, Brandy, Karmin, and others.
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