Global advertising giant, Hakuhodo Inc., based in Tokyo, Japan, has made a strategic acquisition that solidifies their presence in the rapidly burgeoning Indian market. The company has acquired a majority stake in India’s leading brand and entertainment agency group, MA&TH (Marching Ants & Trigger Happy) Entertainment Network, headquartered in Mumbai.
Adobe announced the opening of a state-of-the-art office tower in Bengaluru. The all-new facility will host over 2,000 employees and is next to Adobe’s existing Prestige Platina Tech Park campus in Bengaluru. With over 7,800 employees spread across five campuses in the country, India is Adobe’s largest employee base outside the United States, and a major hub for software innovation, and business development.
Indian real estate developer RMZ Corp is expanding into three new asset classes, including data centers. The company is expecting to develop 350 million sq ft (32.5 million sqm) of commercial space for industrial and warehousing logistics, hospitality services, and data centers in India and abroad by 2032.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.