The News As You Need
India
Joshua Ng said India, which contributes approximately 10 per cent of Asia Pacific's domestic and international air traffic demand, has already returned to pre-pandemic levels Joshua Ng said India, which contributes approximately 10 per cent of Asia Pacific's domestic and international air traffic demand, has already returned to pre-pandemic levels.... More https://bit.ly/41L8xfc Via business-standard.com
The offering includes a full suite of cloud services such as infrastructure, platform, Edge, and AI solutions, with a focus on enterprises, startups, and government sectors Tata Communications has launched Vayu, a bundled cloud portfolio for enterprise IT that can reduce cloud costs by up to 30 per cent....
Bharat Biotech, India's leading vaccine maker, is investing Rs 600 crore to expand into cell and gene therapies, the emerging frontier in treating cancers, genetic and blood-related disorders.The business diversification will allow the Hyderabad-based vaccine maker to produce leading-edge regenerative and personalised therapies for Indian patients at an affordable cost....
Eyes transformation into solution provider from a metal producer Hindalco Industries, an Aditya Birla Group company, has committed to invest ₹45,000 crore in 3-4 years across the aluminium, copper and specialty alumina businesses to deliver both upstream and next-gen high precision engineered products to its customers.....
The Adani Group is reportedly in the final stages of negotiations to acquire the Indian unit of Dubai-based Emaar Group for $1.4 billion. If finalised, the deal will significantly expand Adani’s footprint in India's real estate sector, aligning with its ongoing mega projects, including the redevelopment of Dharavi.....
Hindalco to invest ₹45,000 cr across businesses over 4 yrs https://bit.ly/4inerKA RINL in talks with SBI-led consortium of banks to refinance long-term loans bit.ly/41JLkdp PayU picks up 43% stake in payments solutions firm Mindgate at valuation of $200 mn bit.ly/4inHLR8 BIS raids Amazon, Flipkart warehouses; seizes non-certified products tinyurl.com/47jvx5e4 BPCL to develop first hydrogen-fueled VTOL aircraft ecosystem tinyurl.com/2tyrku2j Tata Power awards ₹2,470 crore pumped storage pro…
Partners with Indo-German Chamber of Commerce (IGCC) to Develop an Industry-Ready Workforce In alignment with Chairman Gautam Adani’s social philosophy सेवा साधना है, सेवा प्रार्थना है और सेवा ही परमात्मा है, the Adani Group has launched a nationwide initiative to strengthen India's workforce by introducing the country's largest 'Skill and Employ' program in support of the 'Make in India' campaign. Through …
Despite auto industry slowdown, our deal pipeline remains strong over last two quarters: KPIT President https://bit.ly/42f5Rrx India proposes 12% safeguard duty on steel imports, including China and Vietnam bit.ly/3RiyGwV JanNivesh SIP: Paytm joins hands with SBI MF for Rs 250 SIP; check how to set up account bit.ly/4iEggmm IndiGo to expand partnerships with overseas carriers: CEO Pieter Elbers bit.ly/4bFnqEn Cabinet approves 6-lane highway project connecting JNPT at Rs 4,500 crore tinyurl.com/m…
Fraser also expressed confidence that India will remain the world's fastest-growing economy US-based Citigroup is likely to allocate more global roles to India than any other centres it operates in, because of the country's strong talent pool, said Jane Fraser, CEO of Citigroup, on Wednesday in an interaction with CNBC-TV18.....
The old order of Indian business is set to undergo a tectonic shift, thanks to a host of new companies and their disruptive businesses. India inc. is often used as a collective noun to describe the formal business sector comprising government-owned and corporate entities. It gained currency around the turn of the century as Indian firms gained scale and made their presence felt at home and abroad....
Middle East
67% of Canadian startups that participated in last year’s edition had established their businesses in Dubai The chamber visited Toronto, Mississauga, and Vancouver and organised several events to help businesses operating in Canada capitalise on emerging opportunities within Dubai’s thriving digital economy. Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, recently conducted a promotional roadshow in Canada with Dubai World Trade Centre …
Hungary registered as active members of Dubai Chamber of Commerce reached 201 at the end of 2024, achieving annual growth of 48%. “We remain committed to enhancing the role of Business Councils in developing trade and investment relations with countries worldwide.” Maha Al Gergawi Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Hungarian Business Council. The initiative aims to enhance cooperation an…
"With Dubai being one of only eight cities worldwide to be recognised a global leader in the financial industry, we are proud to be shaping the future of global finance and contributing to the Dubai Economic Agenda. Dubai’s emergence as a top five global FinTech hub for the first time is a testament to our continuous commitment to innovation and excellence, driven by the forward-thinking initiatives of DIFC. With Dubai becoming the most mentioned financial city in terms of expected to become m…
The Adani Group is reportedly in the final stages of negotiations to acquire the Indian unit of Dubai-based Emaar Group for $1.4 billion. If finalised, the deal will significantly expand Adani’s footprint in India's real estate sector, aligning with its ongoing mega projects, including the redevelopment of Dharavi.....
Dubai Electricity and Water Authority (DEWA) has established a comprehensive regulatory and licensing framework for the development and operation of electric vehicle (EV) charging infrastructure across Dubai. This is part of DEWA’s commitment to accelerate EV adoption and foster private sector involvement in supporting green mobility. This framework addresses current needs while also anticipating future growth, ensuring that Dubai remains at the forefront of green mobility innovation. It outli…
- First retrofitted Boeing 777 to Riyadh was deployed in October 2024, making it the first regional destination to be served by the modern aircraft - Riyadh will become first city in Middle East/GCC with all flights served by refurbished Emirates Boeing 777s - Development in line with airline’s commitment to offer customers more opportunities to experience its new Business Class and Premium Economy cabins Emirates has today announced plans to introduce newly retrofitted Boeing 777s on its seco…
- The second edition of Dubai AI Festival to take place on 23 and 24 April 2025 at Madinat Jumeirah, Dubai - As a significant part of Dubai AI Week, the event will reinforce Dubai’s commitment to AI-driven innovation and economic growth - The Festival is expected to attract 8,000+ industry experts, 500+ investors, 100+ speakers, 100+ exhibitors from over 100 countries, and featuring 30+ roundtables and workshops "DIFC is delighted to be presenting one of the most significant events as par…
- 23,204 new companies in real estate, renting, and business services sector, representing annual growth of 8.4%. - 8.3% growth in new companies in financial intermediation sector. 29,000 new companies operating in trading and services sector joined the chamber A recent analysis conducted by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 29,000 new companies operating in the trading and services sector joined the chamber dur…
TECOM Group PJSC (DFM: TECOM), (the “Company” or the “Group”), the creator of specialised business districts and vibrant communities, held its Annual General Assembly Meeting at Dubai Internet City. At the meeting shareholders re-elected its Board of Directors, and approved the financial statements for the year that ended 31 December 2024 as well as the recommendation by the Board of Directors to distribute a cash dividend of AED 400 million (8 fils per share) for the second half of 2024…
DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA³ rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%. :::Results Highlights:: Revenue increased by 9.7% to a record $20.0 billion Revenue growth of 9.7% was mainly due to improved performance from Ports and terminals and contributions from new acquisitions and concessions. Ports and terminals revenue per TEU increas…
South East Asia
The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have agreed today to enhance their existing Memorandum of Understanding[1] (MOU) to further cooperate on financial innovation. The upgraded MOU on financial innovation will facilitate an expanded scope of cooperation on joint digital innovation projects, promote payment connectivity between Singapore and Vietnam, and support FinTech operations in both markets. Mr Chia Der Jiun, Managing Director of MAS, said, “Si…
Temasek sees it as a “prized asset” the source added, given the upsides that it sees and the snack company’s superior brand positioning Singapore’s state-owned investment firm Temasek has signed a deal to acquire around 10 per cent stake in India’s Haldiram Snacks Pvt Ltd for a little over ₹8,000 crore, sources said.....
The Maritime and Port Authority of Singapore (MPA) will build on the strong maritime performance in 2024[1] with a continued focus on growth and innovation to strengthen Maritime Singapore’s competitiveness and resilience. Priorities include strengthening the competitiveness of maritime enterprises while enhancing port efficiency, digitalisation, and decarbonisation, focusing on technology innovation to capture new growth opportunities, and growing maritime talent. (A) Strengthening Maritime…
Grab Holdings is buying a chain of supermarkets in Malaysia, adding to its push to expand in groceries in one of its key markets. The company is acquiring Everrise supermarkets from Navis Capital Partners. Grab did not disclose the deal value in its statement on March 3.....
Emirates Skywards and GarudaMiles members can now earn and spend Miles across a combined network of more than 200 destinations Emirates and Garuda Indonesia have unlocked a world of new opportunities for frequent flyer members with the launch of a joint loyalty programme offering. Emirates Skywards and GarudaMiles members can now earn and redeem Miles while travelling across a combined network of more than 200 destinations. The two carriers launched a codeshare agreement in 2022 and have since e…
The Equities Market Review Group has announced its first set of measures to strengthen the competitiveness of Singapore’s equities market. This includes the three tax incentives announced by the Prime Minister and Minister of Finance at Budget 2025 on 18 February 2025. The Review Group has done extensive consultations with industry stakeholders and will propose measures to strengthen the functioning of the Singapore equities market, and its attractiveness to investors and companies seeki…
Picture this: You are relaxing after a long day, watching your favourite TV show when suddenly the lights go out. The hum of your appliances stops and you are left in complete darkness. Looking outside, you notice the entire neighbourhood has gone dark too. This was what residents in some parts of Singapore like Boon Lay, Choa Chu Kang, Clementi, and Jurong experienced in September 2018, when tripping of power generation units led to a electricity supply disruption which lasted nearly 40 minutes…
The Maritime and Port Authority of Singapore (MPA) conducted a table-top exercise (TTX) with Indonesia and Malaysia today to enhance regional coordination and strengthen response capabilities for oil spills. The exercise brought together over 20 representatives from MPA, Indonesia’s Directorate General of Sea Transportation, Malaysia’s Environment Department, and oil spill response experts from ITOPF. As part of Singapore’s chairmanship of the Revolving Fund Committee (RFC) from April 2…
Asian Paints, through its wholly owned subsidiary, Asian Paints International Pvt Ltd, Singapore, has entered into a share purchase agreement to divest its entire stake in its Indonesian operations. Asian Paints on Friday announced the company, through its wholly owned subsidiary, Asian Paints International Pvt Ltd, Singapore (APIPL), has entered into a share purchase agreement to divest its entire stake in its Indonesian operations to Berger Paints Singapore Pte Limited, Singapore (BPSPL),…
Deputy Prime Minister, Foreign Minister Bui Thanh Son met with his UAE counterpart Abdullah bin Zayed Al Nahyan within the framework of the World Governments Summit 2025 (WGS 2025) in Dubai on February 11. Bui said the summit reflects the UAE's growing international influence in shaping governance structures and seeking creative solutions and policies to build future governments, especially in technological innovation and national governance. The UAE Deputy Prime Minister hailed Viet Nam's econo…