India

Gurugram-based used car leasing startup PumPumPum, which caters to the corporate and retail segment, announced on Friday to have secured INR 5.5 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV). Other investors LetsVenture and Agility Ventures also participated in the funding round....


India will come out of the COVID-19 crisis that has impacted the entire world with flying colours, Deloitte CEO Punit Renjen has said, asserting that the 21st century is "India's century". Renjen said the Indian government has performed well in addressing the challenges posed by the COVID-19 pandemic.....


If it succeeds, India will get its first such facility Vedanta Group is in talks with the government on setting up a display fabrication plant, according to sources in the know. For Vedanta, led by non-resident Indian billionaire Anil Agarwal, this will be its second attempt to enter the space, following an abortive attempt five years ago when it tried to build a gigantic $10-billion plant in Maharashtra in five phases. For the technology, Vedanta had tied up with LG. If successful, it will be t…


2021-04-12

India’s homegrown e-commerce marketplace Flipkart on Monday announced a strategic and commercial partnership with the Adani Group. Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to serve its rapidly growing base of customers, Adani Group said in a regulatory filing.....


Officials to monitor inventory to check hoarding, black-marketing In the backdrop of the rapid rise in Covid-19 cases, the Centre on Sunday imposed a ban on export of Remdesivir injection and Remdesivir Active Pharmaceutical Ingredients (API) till the Covid situation improves. There are 11.08 lakh active cases and they are steadily rising which has led to a sudden rise in demand for ‘Injection Remdesivir’ used in the Covid treatment, according to a statement from the government.....


In the life of Jaydeep Barman, the story of Fassos has been the story of a traditional food brand reinventing the whole restaurant industry and giving a new way of delivering food to customers through Dark Kitchens. Well, Fassos was never a brand that had a tech play from day one; the founders had their own tryst with offline stores which didn’t work well and led to the successful pivot. Talking about his love for food, Jaydeep Barman, Co-founder & CEO, Rebel Foods says, “I am a Bengali. I g…


Tika Divas begins today: PM Modi said that family members and community members should create a micro containment zone themselves when a positive case is detected. Micro containment zones are a key component in fighting coronavirus, he stated Prime Minister Narendra Modi suggested four things to keep in mind during the four-day Tika Divas, starting today. In a statement, the Prime Minister said that the Tika Divas is being started today to mark the birth anniversary of Jyotiba Phule and will con…


In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation UK's Cairn Energy Plc has offered to forego USD 500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred becau…


2021-04-11

Mahindra & Mahindra Ltd will put in fresh investments to the tune of ₹3,000 crore on its electric vehicles business in the next three years, while it looks for more alliances and partnerships in the vertical, according to a top company official. M&M is working on developing on an EV platform by combining capabilities of its operations across the globe, including Detroit and Italy....


Gold-backed ETFs are passive investment instruments that are based on price movements and investments in physical gold Heightened risk and uncertainty sparked by the Covid-19 pandemic elicited investors to rush to gold as safe haven as they infused over Rs 6,900 crore in gold exchange-traded funds (ETFs) in 2020-21, more than four times from the preceding fiscal....


Middle East

2021-04-12

The 106th Open Auction for Distinctive Vehicle Number Plates held by Dubai’s Roads and Transport Authority (RTA) at the InterContinental Dubai Festival City Hotel on Saturday 10th April has raised AED34.053 million.  Plate (R 21) was the sale topper sold for AED3.02 million, followed by plate (AA 66) which was sold for AED2.92 million while plate (I 70) brought back AED2.5 million and Plate (O 99999) fetched AED1 million.  RTA offered 100 fancy plates comprising of two, three, four and five-…


2021-04-12

Emirates has signed a Memorandum of Understanding (MoU) with Sharjah Entrepreneurship Center (Sheraa) to strengthen and expand the entrepreneurship ecosystem in the UAE. The agreement makes Emirates an official Strategic Partner of Sheraa, offering discounted fares to and from its network of over 90 destinations for the Sharjah Entrepreneurship Festival and startups relocating to the UAE through Sheraa’s global soft-landing offering that provides an incentive package to facilitate entry for te…


2021-04-12

Chamber leaders discuss redesigning membership strategies for post-Covid era – Hosted by Dubai Chamber, the virtual series brings together chamber leaders to share knowledge, best practices and solutions. – Inaugural event attended by 126 participants from 38 countries, including chamber leaders and executives. – H.E. Buamim: Pandemic has created silver linings, which have led chambers to re-examine existing strategies and reflect on the changing needs of members. Dubai, UAE: Chambers of c…


2021-04-12

Dubai’s Roads and Transport Authority (RTA) announced the timings of its services during the holy month of Ramadan this Hijri Year 1442 (2021). The revised service timing cover customer happiness centres, paid parking zones, public buses, metro, tram, marine transport, and service provider centres (technical testing of vehicles).  The business hours of Customer Happiness Centres in Ramadan will be as follows: From Saturday to Thursday at Umm Ramool, Al Tawar, Al Manara, Deira, Al-Barsha and A…


2021-04-11

Noon, an online platform backed by Saudi Arabia’s Public Investment Fund (PIF) and Dubai businessman Mohamed Alabbar, said it had signed a partnership with Manchester City, the English football club owned by Abu Dhabi.It will see Noon become the official online sales partner for Manchester City in the Middle East....


2021-04-11

After one of the toughest years for the hotel industry in living memory, Gulf hoteliers are eyeing Ramadan as a springboard for recovery.With international travel still severely limited, hotels are looking to attract so-called staycationers with deep discounts and deals during the holy month.....


2021-04-11

For the 14th consecutive year, Dubai has achieved significant results in reducing electricity consumption during Earth Hour 2021, with a 291 megawatts reduction, and avoided 118 tonnes of carbon emissions during this global environmental event. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, thanked and praised all customers and society members for taking part in the global Earth Hour initiative. Every year, DEWA organises the Earth Hour under the directives of His Highness Sheikh Mohammed bin Ras…


2021-04-11

Stimulus packages, business-friendly measures and advanced logistics infrastructure among the key factors that boosted trade growth in first quarter of 2021. – 166,759 certificates of origin issues by Dubai Chamber in first quarter of 2021. – Dubai Chamber’s 11 international offices play crucial role in expanding Dubai’s trade links with other promising markets around the world. The value of Dubai Chamber member exports and re-exports increased by nearly 24 percent to reach AED 22.1 bill…


2021-04-11

Close to 400 fully vaccinated passengers experienced Emirates’ latest innovative products and services on ground and inflight Flight supported by fully vaccinated teams on ground and inflight Emirates’ one-of-a-kind flight EK2021 proudly made a journey across the different emirates today, to celebrate the UAE’s remarkable progress in vaccinating its citizens and residents from COVID-19 through a national vaccination programme that has administered close to 9 million vaccines doses to dat…


2021-04-10

Prince Waleed bin Nasser Al-Saud is the founder and CEO of Mukatafa.Mukatafa is a Saudi firm that, according to its website, aims to “build an ecosystem of collaboration between the private and public sectors that empowers Saudi Arabia to grow as a prosperous nation with a sustainable future,” in line with the goals of Saudi Vision 2030.....


South East Asia

2021-04-12

Embraer S.A is considering establishing its presence in Malaysia via industrial collaboration to tap on the local aerospace capabilities. Head of commercial aviation for Asia Pacific Raul Villaron said the Brazilian aerospace conglomerate had recognised Malaysia as an important aerospace hub in Asia Pacific region with industrial capability in the aerospace sector...


2021-04-12

Science, Technology and Innovation Minister Khairy Jamaluddin has lambasted rich countries for vaccine hoarding, describing the act as "cruel and unjust" against poor and less developed countries. He drew resemblance between the act and a scene from the Titanic where the ship was sinking and the rich people in the first class had the priority boarding the lifeboats. ...


2021-04-12

Telekom Malaysia Bhd (TM) plans to expand its data centre space based on the demand by its clients both from the public and private sectors. TM group chief executive officer Imri Mokhtar said there was still vacant areas surrounding its Klang Valley Core Data Centre (KVDC) in Cyberjaya, but the company was also eyeing on land outside the area.....


2021-04-12

The company today signed a memorandum of understanding (MoU) with JMI's major shareholder Yeo Eng Lam to acquire approximately 3 million ordinary shares, representing 100 per cent equity interest stake in JMI. The acquisition will be via RM26 million cash and 58.54 million new ordinary shares in BKC at RM0.41 each. Further, BKC and Yeo mutually agreed to negotiate on the structures and terms of the acquisition and will formerly sign relevant definitive agreements within 30 days from the date of …


Local premium durian concierge Durian Edition has collaborated with The 1925 Brewing Co to produce Musang King Ale, a one-of-a-kind durian craft beer. How much do Singaporeans love the king of fruits? Enough to partake in a beer made out of durian? The team at Durian Edition – a local premium durian concierge – reckons so....


2021-04-12

Crypto exchange Binance prepares to add margin trading ‘soon’ – TechCrunch Crypto exchange Binance prepares to add margin trading ‘soon’ Jon Russell @jonrussell / 4 days Binance, the world’s most prominent crypto exchange, says it is c…


2021-04-12

Malacañang has supported the claim of China's top disease control official that his statement about Chinese vaccines having a low efficacy was taken out of context. In a conference on Saturday, Gao Fu, director of Chinese Center for Disease Control and Prevention, said the protection rate of Chinese vaccines "are not high," even if they are widely recognized and have been approved for use by more than 60 countries....


Olivier Award-winning production La Clique will be the first long-running production with an international cast to take the stage at Marina Bay Sands' Sands Theatre since the circuit breaker last April. First launched in 2004, its mix of circus, cabaret and comedy has been performed to sold-out audiences around the world, including cities like London, Montreal and New York....


2021-04-12

Real estate, building industry top the list Improving economic sentiment drove new business registrations in February to 7,265, up 13% from the same period last year, with rice farming among the top three for the first time....


2021-04-12

urveys suggest the government needs to do more to enhance the country's vaccination rollout, which is straggling behind both global and regional peers....