India

Chadda has managed to overcome the industry perception that ZEE's digital is not strong and proved everyone wrong through persistent modifications The 2010s ushered in an era of digital transformation. Across the spectrum of manufacturing and services, digital publishing, and delivery services, companies have invested billions of dollars to acquire digital capabilities and integrate technology into their businesses. According to a report by IDC, worldwide spending on digital transformation has b…


Analysts across the segment agree that Parekh's presence and focus on recharging the company has worked It has been a little over three years since Salil Parekh, CEO of Infosys, unveiled his strategic review and came out with a strategy that had four core focus areas: Agile Digital Business, Energise the core, Reskilling and Localisation. Take any of the parameters, since Parekh took over, all have improved and brought the company back to a position where it is bagging large deals. In the fourth…


Providing raw materials for the production of anti-coronavirus vaccines was a major component of the Biden administration's announcement on medical aid to India The US on Wednesday said the vaccine components it has supplied to India this week will enable the manufacturing of two crore doses of the Covishield vaccine even as the sixth shipment of American medical aid arrived as part of the Biden administration's assistance to the country's response to a rising number of COVID-19 cases....


2021-05-06

Giving immediate response to the Reserve Bank of India's (RBI's) initiative for rationalisation of compliance to KYC requirements, the IDBI Bank has launched the facility of periodic KYC updation through the V-CIP (Video based Customer identification process). The IDBI Bank made the announcement in this regard on 5th May 2021.....


Committed to go unconventional, and devise new responses as situation demands, says Governor Shaktikanta Das To cushion the economic impact of the second wave of Covid-19, the Reserve Bank of India swung into action on Wednesday, announcing a slew of measures aimed at easing the financing constraints being faced by vaccine manufacturers and importers of life-saving equipment, besides small/medium businesses and individuals....


Apeda Chairman says US, EU are major buyers as Indian products meet compliance norms Export of organic products from India grew 51 per cent to a record $1.04 billion in dollar terms during the 2020-21 fiscal compared with the previous fiscal. The increase has come after organic products shipments dropped by nine per cent to $689 million in 2019-20 from $757 in 2018-19. “Exports during 2019-20 were affected by the Covid pandemic. Until then, exports of organic products witnessed a growth excee…


The fresh funds raised will be utilized for the expansion of product portfolio, technology enhancement, scale-up partner onboarding, and ramp-up team Fintech startup Nivesh.com announced on Tuesday to have raised $1.6 million led by IAN Fund. The round also saw participation from other co-investors including angel investors from Indian Angel Network, LV Angel Fund as well as other angel investors such as Vir Mehta and Raghav Kapur....


Tata Steel's market capitalisation more than quadrupled since March 2020 from around Rs 30,400 crore to Rs 1.27 trillion now A sharp rally in the share prices of Tata Steel and Tata Motors since March last year has led to a big jump in the market value of Tata Sons’ stake in the group’s two biggest companies. The market value of Tata Sons’ equity stake in these companies has now jumped to nearly Rs 84,000 crore, up more than four times the approximate Rs 20,000 crore at the end of March la…


RBI Governor's speech comes at a time when India is ravaged by the second coronavirus wave. RBI could likely announce measures to offset economic impact of Covid-19 wave Reserve Bank of India Governor Shaktikanta Das will make an unscheduled address today. "Watch out for the address by RBI Governor @DasShaktikanta at 10:00 am today, May 05, 2021," the RBI's official Twitter handle stated...


2021-05-05

The Ahmedabad-based drugmaker had started the 28,000-participant phase 3 trial of its DNA plasmid vaccine in February Drugmaker Zydus Cadila is expecting the first set of its interim efficacy data for its covid-19 vaccine this month, following which the company will immediately apply for an emergency use authorization with the Indian regulator, managing director Sharvil Patel said.....


Middle East

2021-05-04

DIFC and the non-profit organisation, MFTA, have signed a partnership to advance FinTech developments relevant to the region including Open Banking, RegTech, Payments and Digital Assets DIFC, DFSA and MFTA have launched the “DIFC Innovation Panel” to create a forum to engage with FinTech and Innovation company founders, enablers and thought leaders Dubai, UAE, 4 May 2021: Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub, with over 300 FinTe…


2021-05-04

The World Logistics Passport (WLP), a unique loyalty programme established to increase trading opportunities between emerging markets, is expanding in Vietnam – with the Vietnam Logistics Business Association (VLA), a leading trade body, registering as a partner and signing a framework agreement. Vietnam’s status as a WLP Hub builds on the signing of a Multimodal Trade Cooperation Agreement between Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and the VLA in 2019. Vietnam is the …


2021-05-04

In keeping with Dubai’s Paperless Government initiative, and the commitment to provide convenient digital transactions to all community members, Dubai’s Roads and Transport Authority (RTA) has ceased the issuance of printed paper transactions at all affiliated customers happiness centres in Dubai. The switch to paperless transactions covers bills, receipts and tickets issued in respect of various violations.  RTA confirmed that customers happiness centres have already started sending receip…


2021-05-03

Dubai is more than host to the tallest building and the largest man-made island; it’s also home to some of the most charitable people in the world. Led by a visionary leader, they’ve created a movement that is bringing equitable access to education and learning opportunities for children and youth in developing countries to help them take charge of their future. This global movement is known as Dubai Cares, a leading global non-governmental philanthropic organization that aims to promote acc…


2021-05-03

The success of the trial brings DP World a step closer to enabling a more cost effective, seamless and efficient user experience for our local customers and enhances trade linkages for countries in the Southern African region. Christian Roeder, Chief Executive Officer at DP World Maputo DP World has developed and completed the first transit import via DP World Maputo port in Mozambique to DP World Komatipoort, South Africa DP World Maputo/Komatipoort now offer the complete seamless end-to…


2021-05-03

DMCC attracted 216 businesses to Dubai in April 2021 Record month follows best Q1 performance in seven years World-leading facilities, services and support for member companies drive the record growth   DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – welcomed 216 new businesses to their Free Zone in April 2021, the highest recorded number for April in 7 years. Q1 2021 was also the Free Zone’s best performance in seven y…


2021-05-02

 resumption of direct flights between Sharjah and Almaty starting May 21, 2021. Schedule to Almaty, effective May 21, 2021 (all times local): Flight Departure Time Arrival Time Aircraft Frequency  G9 255 Sharjah 09:00 Almaty 15:05 Airbus A320 Tue/Fri/Sun G9 256 Almaty 16:10 Sharjah 18:35 Airbus A320 Tue/Fri/Sun Customers can now book their direct flights between Sharjah and Almaty by visiting Air Arabia’s website, by calling the call centre…


2021-05-02

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) received a Shield of Honour from the Sheikha Latifa bint Mohammed Awards for Childhood Creativity, launched by Dubai’s Women Association. This is in recognition of DEWA’s support as a strategic sponsor. Al Tayer received a high-level delegation chaired by HE Amina Al Dabbous Al Suwaidi, Executive Director of the Sheikha Latifa bint Mohammed Awards for Childhood Creativity. Zeinab Mousa, Public Relations Coor…


2021-05-01

A joint venture acquisition in Saudi Arabia last year helped to buoy earnings at global cleaning products giant Clorox.Still, overall sales remained flat in its third fiscal quarter, it said.The company increased its investment in each of the two entities comprising its joint venture in the Kingdom last July....


2021-05-01

CEC Entertainment, the parent company of American fast-food brand Chuck E. Cheese, is planning to open 100 new outlets around the world over the coming years, with at least 25 in Saudi Arabia. The firm currently has two franchisee partners in the Kingdom, with a total of 21 outlets throughout the country.....


South East Asia

2021-05-06

With their scale, most micro, small to medium enterprises (MSMEs) in the country faced the challenges or worse, suffered the consequences brought about by the COVID-19 pandemic—from dwindling to zero sales to the heartbreaking laying off of employees, among others. Nevertheless, MSMEs remain important drivers of our economy even as they try to bounce back with relaxed quarantine measures amid the new normal. They collectively help in the recovery of the country’s shrinking economy....


A former top agency manager at Prudential Assurance Company has been found by the High Court to have breached his agency agreement in soliciting 204 agents and 23 agency leaders to defect en masse to rival company Aviva. Mr Peter Tan Shou Yi, 56, and his company Peter Tan Organisation Management and Consultancy (PTOMC), were sued by Prudential for up to $2.5 billion for allegedly "surreptitiously" orchestrating a mass defection to Aviva's subsidiary Aviva Financial Advisers in mid-2016....


2021-05-06

Enjoying a glass of juice, tucking into a hearty piece of meat or having a plate of cut fruit may be part of the diet that many do not give much thought to. However, could these common food items be more nutritious or sustainable? Some final-year undergraduate students at NUS Food Science and Technology (FST) are applying their knowledge and creativity to address these needs. Preserving the goodness of vegetable juices Cold pasteurised juices are gaining popularity, but most juices in the mark…


2021-05-05

Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) sales decreased 16.5 per cent to 20,399 vehicles in April from 24,431 units sold last month. The manufacturer said the low sales recorded was mainly due to semiconductor chip shortage affecting multiple industries globally. President and chief executive officer Datuk Zainal Abidin Ahmad said the chip shortage is the company's top priority at present and deploying all its resources to handle it.....


2021-05-05

Malaysia Aviation Group, parent of Malaysia Airlines, wants to turn into a global travel group, instead of being just pure play aviation company. MAG has targeted its non-airline revenue to surge to RM4 billion within five years from RM2.5 billion currently. The group is also cautiously optimistic about breaking even by 2023 after securing over RM15 billion savings in liabilities from its restructuring....


2021-05-05

Malaysia's listed companies that provide technology-related services are booming as businesses and education are mostly focused online amid the Covid-19 pandemic. They included AppAsia Bhd, ARB Bhd, Censof Holdings Bhd, Excel Force MSC Bhd and Hong Seng Consolidated Bhd, according to top10malaysia.com. The portal's Top 10 list also comprises IFCA MSC Bhd, Iris Corp Bhd, OpenSys (M) Bhd, Systech Bhd and N2N Connect Bhd.....


Nine famous US franchising companies are looking for business opportunities and expansion into Cambodia to build a footstep for a strong foundation in Southeast Asia. The US embassy in Phnom Penh, in partnership with the US Foreign Commercial Service and with support from the American Chamber of Commerce in Cambodia (AmCham), hosted the Cambodia Franchise Expo on May 5.   The virtual expo brought together nine well regarded US franchising companies – The Boiling Crab, Chili's, Dickey's BBQPit…


At least 95 factories and enterprises have restarted production just a week after the government’s lockdown measures in Phnom Penh and Takmao city were divided them into three zones. The reopening factories are in the Yellow Zones, said Secretary of State of Ministry of Labour and Vocational Training Heng Sour. He added 15,000 workers have resumed their jobs...


A migration back to offices is expected this week, after an official end to lockdown was declared yesterday, but workplace environments won’t entirely return to normal and it will take some time for office occupancy rates to recover in the capital....


Cambodian internet service providers (ISPs) are warning that their customers may be forced to bear the brunt of hefty penalties levied on ISPs by the Ministry of Post and Telecommunications (MPTC). An executive at a leading ISP told Khmer Times under the condition of anonymity that the MPTC audited ISPs earlier this year and found that every firm had allegedly been miscalculating revenue shares due to the government since 2017. As a result, ISPs are being told that they must pay not only the p…