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Belrise Industries Acquires Hyva India’s Tipper Body Business

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Acquisition strengthens Belrise’s transition to a Tier-0.5 supplierTransaction valued at approximately USD 5.65 million, representing an Enterprise Value (EV) to Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) multiple of approximately 3.60x

PUNE, India, Aug. 5, 2026 /PRNewswire/ — Belrise Industries Limited, one of India’s leading integrated automotive and aerospace component manufacturers with a diverse portfolio of safety-critical systems and engineering solutions announced the acquisition of the Tipper Body Business of Hyva India Private Limited, a subsidiary of JOST Werke SE. This transaction marks a strategic step in strengthening Belrise’s position as a Tier-0.5 supplier within the commercial vehicle ecosystem.

This acquisition aligns with Belrise’s long-term strategy of expanding its capabilities in the commercial vehicle segment and deepening its presence in high growth sectors such as construction, mining, defense and infrastructure. The transaction is based on an EV/EBITDA multiple of approximately 3.60x EV/EBITDA, with a total purchase consideration of approximately USD 5.65 million.

Hyva India’s Tipper Body Business is a well-established platform specializing in the manufacture of tipping solutions, catering to diverse end use applications across construction, mining, and infrastructure sectors. The business has strong engineering and design capabilities and serves all of the top five commercial vehicle OEMs in India.

The business delivered an EBITDA of approximately USD 1.57 million for CY2025, with a return on average capital employed (ROACE) of around 20%, reflecting its operational efficiency and profitability.

The acquisition will further enhance Belrise’s customer portfolio by adding a key European commercial vehicle OEM, while also strengthening its domestic footprint through three manufacturing facilities located in Pune, Jamshedpur, and Bangalore.

Speaking on the occasion, Mr. Swastid Badve, General Manager, Belrise Industries Limited, said:

“We are pleased to welcome Hyva India’s Tipper Body Business into the Belrise family. This acquisition is a strong strategic fit and complements our manufacturing and engineering strengths. It enhances our position in the commercial vehicle value chain and supports our vision of becoming a diversified, global mobility solutions provider. Belrise remains committed to ensuring a seamless transition for customers, employees, suppliers, and business partners, while investing in the future growth and development of the business.”

About Belrise Industries Limited

Belrise Industries Limited (“Belrise”) is a leading integrated precision engineering company headquartered in Pune, India. The Company specializes in the manufacturing of safety-critical systems and advanced engineering solutions for two-wheelers, three-wheelers, and four-wheelers, including passenger vehicles, commercial vehicles, and agricultural vehicles. Through its recent strategic acquisitions in Europe, Belrise has further expanded its capabilities into the production of structural and engine components for the aerospace and defense sectors.

Belrise has a turnover of INR 95,091 million and a market share of approximately 24% in precision sheet metal pressing and fabrication, based on revenue. With 22 manufacturing facilities in India and 2 in Europe, the Company serves 38 OEMs across vehicle segments, including the largest global aerospace and defense OEMs.

About Hyva India Tipper Body Business

Established in 1997, Hyva India introduced telescopic cylinder technology and tipping solutions to the Indian market and has since become a respected player in the heavy-duty commercial vehicle segment. The India Tipper Body Business is the only Hyva business globally dedicated to the design, manufacture, and sale of complete tipper bodies.

Following the transaction, Hyva will continue to own, operate, and invest in its Tipping Kits and Hydraulic Systems business. It will also continue to serve OEMs, body builders, dealers, and customers in India through its comprehensive portfolio of hydraulic and tipping technology solutions.

Safe Harbor Statement:

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

 

 

 

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Visa, MOONTON Games extend collaboration with new three-year partnership for Mobile Legends: Bang Bang’s M Series-the world’s most watched mobile esports tournament

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As the Global Payment Partner, Visa will elevate how millions enjoy the M8 to M10 World Championships

SINGAPORE, Sept. 21, 2026 /PRNewswire/ — Visa, a global leader in digital payments, and MOONTON Games, the international video game developer behind Mobile Legends: Bang Bang (MLBB), today announced a three-year partnership to elevate the M Series experience for fans worldwide. The partnership sees Visa named the Global Payment Partner for the next three editions of the M Series—the M8 World Championship (M8) in 2027 through the M10 World Championship (M10) in 2029. The M Series is MLBB’s flagship international competition and is the most-watched mobile esports tournament in history with 5.68 million Peak Concurrent Viewers (PCV), according to Esports Charts.

From the M8 through the M10, Visa cardholders will receive preferential access to M Series tickets, as well as opportunities to win VIP Zone access, meet-and-greets, and behind-the-scenes tours–bringing fans closer to their favourite players and teams.

The partnership comes as the M Series expands its international footprint. The M8 will mark the tournament’s European debut, building on MLBB Esports’ global expansion strategy unveiled earlier this year. With Visa facilitating payments across more than 200 countries and territories, its reach and payment capabilities will support MLBB’s continued international growth while creating more seamless and rewarding fan experiences.

Danielle Jin, Chief Marketing Officer at Visa Asia Pacific, said: “We’re proud to deepen our partnership with MOONTON Games and MLBB, one of the most remarkable gaming franchises in the world. MLBB is a powerful example of how mobile gaming is changing the way people play, connect with each other, and spend. Every year, millions of fans and gamers engage with the M Series. Together with MOONTON Games, we look forward to creating more iconic moments that fans and gamers will remember in the years to come.”

The multi-year agreement builds on Visa’s first entry into MLBB Esports at the M7 World Championship (M7) in Jakarta, Indonesia, anchored in a shared vision of empowering youth through digital innovation. Visa has also expanded its presence within the wider MLBB Esports ecosystem, joining MLBB Professional League (MPL) Philippines as an Official Sponsor for Season 18.

Tiger Xu, Global Head of MLBB Esports at MOONTON Games, said: “Our partnership with Visa at the M7 demonstrated how we can create greater value together across the fan journey. This multi-year agreement is a natural next step as MLBB Esports enters its next phase of globalisation. It also reflects the growing international scale and relevance of the M Series. Together, we are excited to deliver a more seamless, rewarding, and connected experience for fans around the world.”

Visa champions the moments that bring fans closer to the passions they love, from sports and music to gaming, fashion, and entertainment. Guided by a fan-first approach to partnerships, Visa designs experiences that deepen connection and make participation seamless, secure and accessible for audiences around the world. Through high-impact partnerships, Visa helps shape cultural moments while enabling effortless cross-border commerce. Visa’s partnership with MOONTON Games strengthens its growing range of gaming partnerships and its commitment to helping people connect with the communities and experiences they care about most.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About MOONTON Games

Established in 2014, MOONTON is a global video game company dedicated to gaming development, publication, and esports. With more than 2,000 employees worldwide, the company operates offices in China, Indonesia, Malaysia, the Philippines, and Singapore. It has successfully launched several high-profile mobile games globally and has built long-term relationships with governments and esports organizations in more than 30 countries around the world. Mobile Legends: Bang Bang is its current star game and the leading mobile multiplayer online battle arena (MOBA) game worldwide. For more information, visit https://en.moonton.com.

About Mobile Legends: Bang Bang

Mobile Legends: Bang Bang is one of the most popular mobile Multiplayer Online Battle Arena (MOBA) games worldwide that brings communities together through teamwork and strategy. With over 1.5 billion installations and 110 million active monthly users, the award-winning game is among the top 10 most played in over 80 countries. With an extensive reach across the Asia Pacific region, the multiplayer is available in 139 countries with an expansive global esports presence.

About Mobile Legends: Bang Bang Esports

Established in 2017, Mobile Legends: Bang Bang Esports serves as a platform for players to pursue their dreams of becoming esports athletes and illuminate opportunities within the international esports ecosystem. MLBB Esports has since expanded to multiple leagues, including the MPL series hosted in Southeast Asia, Middle East, and Latin America; MPL is the first esports event series to surpass 1 billion hours of watch time globally.

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SOURCE Visa Worldwide Pte Ltd

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CCTV4: CMG Mid-Autumn Gala Celebrates a Global Reunion at the Home of Chang’e

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BEIJING, Sept. 20, 2026 /PRNewswire/ — One of the most popular traditions associated with Mid-Autumn Festival is the legend of Chang’e who, to prevent her husband’s apprentice Peng Meng from stealing an elixir of immortality, consumes it herself and flies to the moon. The earliest complete account of this legend is contained in the 2nd century BC philosophical text, Huainanzi. The work, a collection of essays based on scholarly debates held at the court of Liu An, Prince of Huainan, also contains the first systematic record of the jieqi – the 24 Solar Terms observed in China since ancient times to predict changes in the weather and guide farming. 

As the host city of this year’s CMG Mid-Autumn Festival Gala, Huainan is drawing on its rich heritage to create a memorable evening of celebration and family reunion. Lying on the banks of the Huaihe River in Anhui Province, the city offers a delightful and romantic setting for an evening of music and entertainment beneath a full moon. Performances will also use cutting-edge technology in the form of AI, robotics and drones to reimagine Mid-Autumn traditions for a worldwide audience. 

Among the evening’s highlights will be British singer Sarah Brightman duetting with China’s own Zhou Shen on The Music of the Night; and a performance of Clair De Lune and May We All Be Blessed with Longevity by pipa virtuoso Fang Jinlong, Croatian cellist Ana Rucner and German pianist Oskar Roman Jezior. Also making an appearance will be two of the stars of China’s latest box-office hit Dear You – Li Sitong and Wu Shaoqing.

Celebrated on the 15th day of the eighth lunar month, Mid-Autumn Festival has for centuries brought families and loved ones together. In Chinese culture, the full moon is a symbol of reunion and shared longing – an image that also speaks to a universal sense of romance and connection.

The 2026 CMG Mid-Autumn Festival Gala will be broadcast worldwide from Huainan at 8 p.m. Beijing time on September 25.

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SOURCE CCTV4

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Spiritual Journeys and Southeast Asian Escapes Mark Indian Travel Interest in September: Agoda

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SINGAPORE, Sept. 21, 2026 /PRNewswire/ — Digital travel platform Agoda’s latest accommodation search data reveals growing interest in India’s spiritual destinations ahead of September, with several temple towns noting an increase in searches, alongside continued popularity of Southeast Asian cities.

Interest in India’s Temple Towns Climbs 

Among domestic destinations, Pachmarhi, known as the “Queen of Satpura”, recorded an almost 7x increase in accommodation searches for September compared with the same period last year. Set in the Satpura ranges of Madhya Pradesh, the hill destination is home to the Jatashankar Temple, a cave shrine dedicated to Lord Shiva, and is also known for its forests, waterfalls and scenic views. Ujjain, another city in the state, recorded an almost 3x increase in accommodation searches. Known for the Mahakaleshwar Temple, one of the twelve Jyotirlingas, the city offers travelers a mix of pilgrimage, historic ghats, and cultural experiences.

In Puri, accommodation searches increased by 2x, with the Jagannath Temple being a key part of the city’s identity, while its coastline and beaches offer travelers another experience during their stay. Varanasi recorded a 44% increase in searches, with its temples, ghats and cultural heritage offering another way to experience India’s spiritual traditions. Further down south, Tirupati recorded a 29% increase in accommodation searches. Known for the Sri Venkateswara Temple, the destination remains an important pilgrimage centre and spiritual travel destination of interest.

Southeast Asia Brings Spiritual and Cultural Experiences into September Travel

Beyond India, September travel searches also point to Southeast Asia, where travelers can find spiritual and cultural experiences alongside beaches, food and city breaks. Hanoi recorded a 58% increase in accommodation searches, with its historic streets, cultural heritage and local food offering travelers a city experience shaped by Vietnam’s traditions.

Da Nang saw a 50% increase in search interest, combining its beaches and proximity to Hoi An with cultural attractions such as Linh Ung Pagoda on the Son Tra Peninsula, a Buddhist site known for its 67-metre statue of Guanyin. Kuala Lumpur recorded a 35% increase, offering multicultural heritage, food and landmarks including Batu Caves, Thean Hou Temple and Sri Maha Mariamman Temple.

In Indonesia, Bali recorded a 24% increase in accommodation searches, offering a mix of beaches, natural landscapes and spiritual experiences, with renowned temples such as Tanah Lot, Besakih Temple and Lempuyang Temple adding to its cultural appeal.

Gaurav Malik, Country Director, Indian Subcontinent & Indian Ocean Islands, Agoda said “Agoda’s 2026 Travel Outlook Report found that 19% of Indian respondents consider spiritual or religious experiences when planning a trip this year, pointing to the diverse motivations shaping travel decisions. Our latest accommodation search data reflects this shift, with destinations being explored for pilgrimages, cultural experiences, nature getaways, and overseas holidays. At Agoda, we make it easier for travelers to find stays that best fit the diverse experiences they desire.”

With a global network of over 6 million hotels and holiday properties, along with flights, activities, and more, Agoda offers travelers a wide range of options to explore destinations across India and around the world. Whether discovering domestic hill escapes or international cities and island destinations, Agoda’s broad selection makes it easier to plan any trip.

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SOURCE Agoda

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