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India
SoftBank-backed InMobi began diversifying from its core adtech business with Glance. The unit is expected to turn profitable by FY26, co-founder and CEO Naveen Tewari said. Later, InMobi aims to take it public, apart from the ad tech unit which is in line for an IPO.....
The latest iPhones, smartwatches, and earbuds are now available for pre-order in India. Check out the pricing. Following the 'It's Glowtime' event, Apple has announced the India pricing and availability for its latest products, including the iPhone 16 series, Apple Watch Series 10 and Ultra 2, and the new AirPods lineup. iPhone 16 Series iPhone 16: Starts at Rs 79,900 for the 128GB model....
Company mopped up ₹330 crore from anchor investors on Monday The ₹1,100-crore initial public offering of PN Gadgil Jewellers opens today in the ₹456-480 price band. The Maharashtra-based company’s IPO is a combination of a fresh issue of equity shares worth up to ₹850 crore and an offer for sale (OFS) of equity shares to the tune of ₹250 crore by a promoter SVG Business Trust. The IPO closes on September 12.....
In talks for fresh collaborations with Flextronics, Jabil, Aequs, Tata firms Apple Inc is ramping up efforts to increase the Indian value addition in its products, including the iPhone and soon-to-be-assembled AirPods, as part of a broader strategy to diversify its supply chain away from China. The American tech giant, according to people in the know, is actively seeking deeper partnerships with non-Chinese global and Indian vendors, while also scouting for new partners.....
Billed as 'India's largest shopping mall' construction will begin in Ahmedabad in 2024. MA Yusuff Ali, CMD of the Lulu Group International, is happy about the UAE-based retailer's plans to invest in India, ANI reported on September 8. Lulu Group is set to build what is being billed as "India's largest shopping mall" in Ahmedabad, Gujarat.....
This came on top of the strong buying interest seen in last week of August 2024 when FPIs had net invested ₹ 23,586 crore, reversing a trend of majorly remaining net sellers throughout most part of last month Foreign Portfolio Investors (FPIs) kicked off September 2024 with a strong start, injecting ₹10,978 crore into equities during the first week, according to depository data....... More https://bit.ly/3B4YfN4 Via thehindubusinessline.com
The Mumbai-headquartered company’s board of directors have recommended a dividend of Rs 35,000 double the amount of Rs 17,500 paid in FY23, which will involve a cash outflow of Rs 1,415 crore. Tata Sons, the holding company of the Tata group, recorded a 74 percent increase in consolidated net profit for FY24 at Rs 49,000 crore, according to the firm’s annual report. The steller performance was driven by improvements in sectors like information technology, financial lending and airlines, as p…
The Modi group may have lost much of its former glory but Gujarmal’s role in planting the seeds of entrepreneurship in pre-Independence India is set in stone. A young man, incensed at being called a “dirty Indian" and shamed for a frivolous reason by a maharaja, went on to found a vast industrial conglomerate in a snub to both British hegemony and arrogant princely firmans. That man was Ram Prasad (later Gujarmal, a name change in honour of his beloved step mother Gujari Devi) Modi who was b…
The two-wheeler segment, which lagged behind passenger vehicles (PVs) during FY21-23, is experiencing a resurgence, with FY24 wholesales growing 14% year-on-year (YoY). Domestic auto sector is poised for strong growth, particularly in the two-wheeler (2W) and tractor segments. Over FY24-27 (estimated), these two segments are expected to outpace the broader industry with compound annual growth rates (CAGR) of 14 per cent and 10 per cent, respectively, according to Jefferies report....
Ola Founder Bhavish Aggarwal on his future plans for his three companies, life after listing Ola Electric, woke culture, and comparisons with Elon Musk Bhavish Aggarwal has big plans. For instance, he wants to make India a global AI powerhouse by building the country’s AI tech stack with his company Krutrim and wants to increase Ola Electric’s Li-ion cell production capacity to 100 GWh in a decade. Incidentally, recently listed Ola Electric saw its share price double days after listing. In a…
Middle East
- DMCC AI Centre launched as latest Dubai-based innovation platform to drive global AI adoption and practical solutions - E. Khalfan Belhoul, Chief Executive Officer, Dubai Future Foundation (DFF), and Dr. Marwan Alzarouni, Chief AI Officer, Dubai Department of Economy and Tourism (DET), gave special addresses at the exclusive launch at DMCC’s headquarters Uptown Tower - AI Centre to occupy two floors as part of integrated technology hub alongside DMCC Crypto and DMCC Gaming Centres with high-…
e& UAE has announced the grand opening of its second AI-powered autonomous store, EASE (e& Autonomous Store Experience), at Dubai Mall. Following the success of its first AI-powered telecom store, a world first launched in 2023 at the Al Kifaf building, e& UAE continues to pioneer the future of retail with this innovative concept, which offers an effortless shopping journey with no wait times. Hatem Dowidar, Group Chief Executive Officer, e&, said: “We’re expanding the EASE concept and makin…
- Over 400 wealth and asset management firms now in DIFC including 44 ‘billion-dollar club’ hedge funds - First-of-its-kind “DIFC Funds Centre” to support hedge fund spinouts, fund platforms and boutique wealth and asset management firms - Report by LSEG highlights emerging markets, led by UAE, are poised to drive the next wave of wealth and asset management growth, with DIFC positioned as the region’s premier hub “DIFC’s wealth and asset management community continues to experienc…
Renowned Italian fashion house Roberto Cavalli closed the shows of the Spring/Summer 2025 edition of Dubai Fashion Week (DFW) last night, bringing a memorable end to an action-packed week of local, regional and international fashion inspiration. Roberto Cavalli’s Creative Director, Fausto Puglisi, curated an exclusive edit of its Resort 2025 Collection for Dubai’s official fashion week, representing the label’s evolving design narrative for modern audiences and demonstrating designer confi…
- DMCC’s Future of Trade special edition report on diamonds emphasises the crucial role of technology in driving traceability, transparency and sustainability in the diamond industry - Blockchain, AI and advanced laser micro-machining part of a number of tech-based solutions to address key challenges including rise of lab-grown diamonds and G7 sanctions - Report follows DMCC’s Provenance, Traceability and Technology Forum which was hosted on the sidelines of the Kimberley Process Intersessio…
Billed as 'India's largest shopping mall' construction will begin in Ahmedabad in 2024. MA Yusuff Ali, CMD of the Lulu Group International, is happy about the UAE-based retailer's plans to invest in India, ANI reported on September 8. Lulu Group is set to build what is being billed as "India's largest shopping mall" in Ahmedabad, Gujarat.....
10-12 September 2024 Dubai World Trade Centre The Middle East Composites & Advanced Materials (MECAM) Expo is the region’s only dedicated exhibition and conference that is dedicated to this sector. The first edition of the event was a successful foray into bringing together players from this industry. The trade fair will be back with its second edition in 2024 - September 10-12 at Dubai World Trade Centre, Dubai, UAE. This three-day trade show will once again gather the entire composite val…
AMAALA reaches key procurement and construction milestones, with Triple Bay Marina Village, Wellness Core, and luxury resorts moving toward completion, and first guests expected in 2025. Red Sea Global (RSG), the developer behind the regenerative tourism destinations AMAALA and The Red Sea, continues to make substantial progress in the ongoing development of AMAALA – a new luxury destination with wellness at its core, that empowers people to live longer, better. Inspired by the purity of the R…
- Popular destination promotes themes of responsible tourism and wildlife conservation while introducing visitors to diverse range of wildlife species across 6 distinct zonesDubai Safari Park is reopening its gates to the public for its highly anticipated sixth season on 1 October, 2024. The park invites Dubai residents and visitors to undertake an immersive journey into the animal world, offering unique encounters with species from across the globe. Having undergone extensive enhancements dur…
10 - 12 Sep 2024 Sheikh Saeed Hall 1, Trade Centre Arena Dubai World Trade Centre UTECH Middle East Foam and Polyurethane Expo is the region’s only dedicated technical foam and polyurethane exhibition and conference organised by Media Fusion and Crain Communications. In its third edition now, the show focuses on the latest developments in the foam and polyurethane industry and serves as an opportunity for key and emerging players from the international arena to showcase their products, s…
South East Asia
AirAsia continues to strengthen its regional presence with the launch of a new route from Kota Kinabalu to Ho Chi Minh City starting 3 December 2024. Ho Chi Minh City marks the airline’s 16th international destination operated by AirAsia Malaysia (AK) from Kota Kinabalu hub. The introduction of this new route aligns with the increasing number of direct flights between Malaysia and Vietnam, supporting Tourism Malaysia’s goal of attracting 475,000 Vietnamese visitors this year and contributing…
The Plant Protection Department under the Ministry of Agriculture and Rural Development in collaboration with the Australian Embassy in Việt Nam held a ceremony to announce the export of Vietnamese passion fruits to Australia and the import of Australian plums into Việt Nam on Monday. Passion fruits have become the fifth kind of Vietnamese fruits to be officially exported to Australia, following mango, longan, lychee, and dragon fruit.... More https://bit.ly/3AYrxNt Via Vietnamnews.vn
First Conditional Licences for 2 GW of imports; Additional Conditional Approvals for 1.4 GW of imports Following substantive progress made by five Indonesia-based projects to import a total of 2 gigawatts (GW) of low-carbon electricity to Singapore, the Energy Market Authority (EMA) has granted Conditional Licences to the five companies in charge of these projects. Additionally, EMA will grant Conditional Approvals to two new projects to import 1.4 GW of low-carbon electricity from Indonesia to …
Brimedic Services Sdn Bhd has introduced the GEMS Model Screening System, marking the creation of Malaysia's first artificial intelligence (AI) enhanced, digital comprehensive child screening system designed for paediatric primary care facilities. The model aims to improve the accuracy and efficiency of child developmental screenings.....
Viet Nam should set goal to be among top 30-35 largest economies globally and a upper-middle-income country by the end of this decade. Pham mentioned the goal on Moday while addressing a meeting to review the progress of the implementation of the socio-ecoconomic development strategy for 2021-2030. Viet Nam's economic share in ASEAN's total GDP has grown enormously over the years, doubling from less than 6 percent in 2000 to around 12 percent currently, according to Heng Koon How, Head of Market…
As multinational corporations rush to diversify their international trade and investment exposure, Singapore companies planning to expand abroad are also increasingly looking at the burgeoning opportunities beyond Asean and China. In response, the Singapore Business Federation (SBF) and HSBC have joined hands to support local businesses’ expansion overseas in key trade corridors, especially in under-tapped markets including India and the Middle East..... More https://bit.ly/3ThxLyg Via http:/…
London-based investment house Actis formalized its USD600 million investments in the Philippines for the development of the country’s largest single-site solar power project. Manila Electric Corp. (Meralco) and SP New Energy Corp (SPNEC) signed an agreement with Actis at Meralco’s headquarters in Pasig City Friday for the Terra Solar project, the largest of its kind in the Philippines and in the world. “From Actis' side, we're very honored and excited to invest USD600 million into that, wh…
Thailand's southern provinces welcomed approximately 20,000 Malaysian tourists during the National Day long weekend, contributing over 100 million baht to the local economy. Most visitors entered through the Bukit Kayu Hitam and Pengkalan Hulu checkpoints, heading to popular destinations such as Sadao and Betong districts. The influx of tourists was noticeable in Songkhla province, where attractions such as Samila Beach, Songkhla Old Town, and the Khlong Hae Floating Market drew large crowds. …
The Australian Government will permit up to 1,000 Vietnamese workers to be employed in its agricultural sector at any given time, as part of the labour mobility programme between the two countries. On September 6, the Ministry of Labour, Invalids and Social Affairs and the Australian Embassy announced the implementation of support measures for Vietnamese citizens under this programme....
Singapore’s tycoons saw their collective wealth rise by over 10 per cent to US$195 billion (S$253 billion), from US$177 billion in 2023. But Forbes’ 2024 list of Singapore’s 50 richest showed that their fortunes have yet to catch up with that of 2021 when their net worth was US$208 billion..... More https://bit.ly/3AQlRVE Via straitstimes.com