India

2024-07-22

Indians need simple, easy-to-understand, and prominent warning labels, so that their better natures are given a chance to overtake their impulses By Mihir Sharma India is not the world’s healthiest country. Sadly, regulators seem determined to make the problem worse with each passing year.   Urban Indians, especially wealthier ones, have a relatively sedentary lifestyle, and our diet is heavy in carbohydrates and fats....   More https://bit.ly/4cGzLb3 Via business-standard.com


A new video by YouTuber Loveena Kamath unveils surprising earnings of food delivery agents in Bengaluru, often surpassing those of IT engineers. The investigation delves into the payment structure, work hours, and hidden costs faced by these agents. A recent video by YouTuber Loveena Kamath on her channel, Full Disclosure, has sparked conversations about the earnings of Zomato and Swiggy food delivery agents in India. Kamath's investigation reveals that delivery agents working for Swiggy and Zom…


2024-07-22

Airbus has listed eight potential site locations for setting up its final assembly line for the H125 helicopters in India, inaugurations to be expected later this year in October or November, as per a PTI report.... More https://bit.ly/3Wvox3n Via livemint.com


2024-07-21

From the top-10 group, the valuation of TCS zoomed Rs 42,639.16 crore to Rs 15,56,772.61 crore The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.... More https://bit.ly/3LyNPYg Via business-standard.com


Under Section 87A of the Income-tax Act 1961, taxpayers with a total income up to Rs 5 lakh under the old tax regime or up to Rs 7 lakh under the new tax regime are eligible for a tax rebate that can reduce their net payable tax to nil. A recent update to the income tax filing utility has left many taxpayers in a bind, forcing them to forego a valid tax rebate of up to Rs 25,000 under the new tax regime.....


Flows through July 19 surpasses entire June net equity investments of ₹ 26,565 crore Ahead of Budget on July 23, Foreign Portfolio Investors (FPIs) continued to be on an equity buying binge this past week, pumping nearly ₹ 11,000 crore in just four trading sessions. Total FPI net investments this month through July 19 stood at ₹30,771 crore, depositories data showed.....


National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), emerged unscathed. Unlike their global counterparts, the BSE and NSE reported no operational disruptions. Traders and bankers from across the world found themselves in a bind after a botched update of a widely used cybersecurity program owned by CrowdStrike Holdings took down Microsoft systems. CrowdStrike Chief Executive Officer George Kurtz said the fault had been identified and “a fix has been deployed.”...


2024-07-20

Starting Tuesday, companies will find it easier to file detailed disclosures on unclaimed dividends, deposits, and share application refunds under a simplified reporting regime. In a much-required revamp of corporate disclosures, the government has simplified the reporting process for companies on unclaimed dividends, deposits, and share application refunds—a move that will also further smoothen the claim process for investors


The claims emerged from a social media post by a woman who alleged that Dinesh Kumar Sarogi harassed her during a flight from Kolkata to Abu Dhabi The Naveen Jindal Group has initiated a probe against Dinesh Kumar Sarogi, the CEO of Vulcan Green Steel, a promoter -entity, following harassment allegations.


2024-07-19

Capital gains tax rate change in the Budget 2024 on July 23 can trigger a bigger correction than seen post Lok Sabha election outcome, Wood said Despite the rally in equities over the last few years, India, according to Christopher Wood, global head of equity strategy at Jefferies, is still in early stages of an equity cult..... More https://bit.ly/4cO247o Via business-standard.com  


Middle East

2024-07-22

The Dubai Financial Services Authority (DFSA) today published Decision Notices imposing penalties on Symphony Services Limited (SSL), a Dubai International Financial Centre (DIFC) incorporated company, and its CEO: SSL: a fine of USD 210,000 (AED 771,330) and withdrawal of SSL’s registration as a Designated Non-Financial Business or Profession (DNFBP). Mr Daniyar Japarkulov: a fine of USD 140,000 (AED 513,221). Additionally, Mr Japarkulov is prohibited from holding office in, or being an emplo…


2024-07-22

The award serves as a global platform for institutions and individuals to showcase their initiatives and achievements in energy management and conservation. The Emirates Energy Award, through its various categories, supports global efforts to provide clean and renewable energy solutions, especially to developing communities, as one of the essential pillars of sustainability. This comes at a time when international endeavours are being intensified to foster innovation and efficient solutions in t…


2024-07-21

  Saudi Arabia’s growing business landscape has encouraged regional and global companies to establish a local presence in the burgeoning market.  Egypt-born generative artificial intelligence startup DXwand is leaving no stone unturned as it aims to get closer to its clients with an on-ground team.....


2024-07-21

The Ministry of Industry and Mineral Resources has announced in a press release the launch of its most extensive mineralized belts to date, covering an expansive 4,788 km² that includes five exploration licenses. The ministry is inviting major mining and exploration companies to participate in the ongoing Exploration Licensing Rounds aimed at unlocking the belts’ vast mineral wealth. According to the ministry’s official spokesperson, Jarrah bin Mohammed Al-Jarrah, the initiative highlights …


2024-07-21

The Future Government Leaders Programme in the Arab World, the region's largest initiative to empower young Arab government leaders, has announced the launch of its second cohort. This pioneering programme, a partnership between the UAE government and the Arab Administrative Development Organization (ARADO) at the League of Arab States, aims to prepare 42 young Arab leaders. The programme focuses on equipping them with future skills and enhancing their readiness to manage upcoming transformation…


2024-07-21

Customers of Dubai Electricity and Water Authority (DEWA) have emphasised how DEWA’s digital services help them increase the efficiency of their electricity and water consumption while reducing waste. This is achieved through proactive digital monitoring and management, as well as immediate detection of water leaks. Customers have praised DEWA’s campaigns that raise awareness about its innovative tools, encouraging sustainable daily practices and reducing carbon footprints. Customers highlig…


2024-07-20

- Agreement with Envision Energy and Vision Industries to transform Saudi Arabia into a manufacturer of wind turbines and components - Agreement with Jinko Solar and Vision Industries to localize production of photovoltaic cells and modules - Agreement with a subsidiary of TCL Zhonghuan Renewable Energy and with Vision Industries to localize production of ingots and wafers for solar power PIF has today announced the signing of three new agreements to localize in Saudi Arabia the manufacturing …


2024-07-20

The UAE's innovative use of artificial intelligence (AI) to drive comprehensive development was a focal point at a session focused on the potential of smart, sustainable cities and AI applications. This event, hosted by the New York City Mayor's Office for International Affairs and Partners, featured members of the UAE delegation and was held on the sidelines of the United Nations High-Level Political Forum (HLPF) on Sustainable Development. Under the theme of “Transformational Local and Regio…


2024-07-19

“Kilimanjaro Energy’s success in expanding into China underlines the importance of our efforts to support the growth of Dubai-based companies in promising global markets.” - Salem Al Shamsi “We are confident that this alliance will not only enhance our capabilities, but also position the UAE as a leader in the global energy landscape.” -Ali Makki, Cofounder and Group CEO of Kilimanjaro Energy “We believe that Chinese technology can strongly support this region.” - Wanfei Qu, Skywo…


2024-07-18

Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has announced a partnership with the Saudi Climbing and Hiking Federation (SCHF) to boost adventure tourism across the Red Sea region. The collaboration will be activated through Akun, RSG’s adventure sports brand, which is responsible for all hiking, climbing and adventure experiences across RSG’s destinations. The partnership will create opportunities to elevate the guest experience at …


South East Asia

AN electronic marketplace to facilitate the procurement of common-use supplies and equipment of national government agencies will soon go live after the enactment of Republic Act (RA) 12009, or the New Government Procurement Act (NGPA)....


2024-07-22

Trung Nguyen Legend launched 10 new coffee shops in the US and China during July, promoting Vietnam’s coffee beans and coffee culture to the world. The move follows Trung Nguyen Legend’s efforts to promote “The Tao of Coffee” philosophy to the world through a documentary of the same name produced by Warner Bros. Discovery, and “The Tao of Coffee: From Beans to Beauty” on CNN. The new store openings mark a bold move by Vietnam’s leading coffee corporation on its journey to conquer …


2024-07-22

Thidarat Ariyaprasert Commercial Director at SEAC - Thailand’s leader in SMART Learning Invest in people by focusing on skills, personalisation, trust and well-beingI recently had the great opportunity to speak on Game-changing People Management at the TMX conference, one of the largest fairs dedicated to the Meeting, Incentive, Convention and Exhibition (Mice) industry. This opportunity allowed me to delve deeper into the dynamics of the industry and uncover significant opportunities for grow…


2024-07-22

They also offer advantages such as greater flexibility and good exposure to particular sectors BETTER value, local networks and specialised knowledge. These are some of the reasons smaller private markets might outperform even as the industry favours larger managers. “It’s not really about the size of the manager; it’s about the skills of the manager,” said Robert Ides, co-founder of European real estate specialist Arete Investment Group. “I’ve seen mandates changing from large to …


2024-07-21

Thailand's pet industry continues to show remarkable growth, with the market surpassing 250 billion baht in revenue for 2023, according to recent data from the Department of Business Development, Ministry of Commerce. The pet business sector generated a total revenue of 258.7 billion baht in 2023, a 5.79% increase from the previous year. This growth trend has been consistent over the past three years, with net profits reaching 14.99 billion baht in 2023, up 9.77% year on year..... More http…


2024-07-21

Digital economy was estimated to account for 18.5 percent of Viet Nam's GDP by the end of June this year, an increase of 2 percent from 2023, according to the Ministry of Information and Communications.  Viet Nam became the fastest growing digital economy in ASEAN in 2022 and 2023, with respective growth rates of 28 percent and 19 percent, a report by Google showed. The growth of the digital economy in Viet Nam continues to impress, last year it contributed 16.5 percent to the GDP, with more th…


2024-07-21

On 19 July, at about 10.30 am (Singapore Time), the Maritime and Port Authority of Singapore (MPA) was informed by the vessel manager of Singapore- flagged container vessel LOBIVIA that the vessel had been struck by unidentified projectiles while transiting the Gulf of Aden. The resulting fire onboard has been extinguished by the crew. All crew are accounted for and are safe. There are no Singaporeans onboard. LOBIVIA is moving under her own propulsion and has arrived at Berbera Port, Somali…


2024-07-20

SGX Securities is pleased to welcome the secondary listing of Helens International Holdings Company Limited to Mainboard under the stock code “HLS”. Helens International Holdings Company Limited runs one of the largest bar chain networks in the PRC, known for its own branded alcoholic products and unique customer experience. Its widespread appeal and highly standardised business model have facilitated the establishment of more than 500 outlets including self-operated bars and franchise opera…


2024-07-20

The Week for Business Matching and Introduction of Vietnamese Products at Central Retail Vietnam in 2024 opened at GO! supermarket in HCM City’s District 7 on July 19. The Investment and Trade Promotion Centre of HCM City (ITPC) and Central Retail Vietnam, a member of Thailand’s Central Group, are organising the programme for the first time to assist Vietnamese businesses in promoting and taking their products into the supermarket’s supply chain.....


2024-07-20

Thailand and the Philippines are set to enhance their trade competition regulation through a new Memorandum of Understanding (MOU). The agreement aims to create a fair environment for trade and investment between the two countries, with a focus on the agricultural and food industries. Radklao Inthawong Suwankiri, Deputy Government Spokesperson, announced that the Office of Trade Competition Commission (OTCC) of Thailand and the Philippine Competition Commission (PCC) have agreed to draft the MOU…