India

Digital solutions enable manufacturing and consumer goods brands to get a 360° view of their partners and inventory across all channels, enabling them to stitch together previously-isolated journeys In recent years, India has witnessed high growth in the manufacturing and consumer goods sectors. According to the Global Manufacturing Competitiveness Index published by Deloitte, it is estimated that by end of year 2020, India would become the fifth largest manufacturer in the world. With the line…


Tata recently took to his Instagram handle to craft an exemplary pitch deck for aspiring entrepreneurs In less than two months since joining Instagram, Ratan Tata has hit the headlines several times for his posts on the photo and video-sharing social networking site. Yet again, Chairman Emeritus of Tata Sons has struck a chord with budding entrepreneurs by posting a pitch deck template for startups on his Instagram handle.  It all started with Tata conducting a poll on his Instagram status aski…


When the first industrial revolution happened, capital was considered to be the most important resource before knowledge took over. It was recognized that knowledge is a resource and its impact on organizational knowledge was immense. Undoubtedly, knowledge is power but knowledge keeps changing its forms. Knowledge about finance ruled the industry for decades but an era has commenced where technology could rule finance to a large extent. It might seem trivial right now, could be a ‘must have…


Push notifications are one of the most effective ways to deliver personalized messages to your customers. In the age of data privacy acts like the General Data Protection Regulation, where privacy and permission reign supreme, opt-in push notifications are the one trend marketers just can’t afford to ignore anymore. Not only are push notifications aligned to the principle of permission-based marketing, but they’re also one of the most effective marketing channels. A study by MoEngage reveale…


Adoption of electric vehicles in India is being widely discussed in India and the shift is necessary at a time when India has been witnessing rising levels of air pollution and falling inventory of natural resources. While both the government and industry players are pushing for electric mobility, electric vehicle sales have not been encouraging. While speaking at World EV Show (WEVS), organised by Trescon, industry experts said that the localization mandate in FAME II is one of the reasons beh…


Being a small business owner has its own share of challenges. Recognition and familiarity of legal compliances, which forms the foundations of any business, are one of the major challenges. Legal compliances are an integral part of any business. It ensures that the business runs smoothly, avoids unnecessary penalties or legal actions that hamper operations and ensures the unceasing built-up of customer confidence.....


RBI today surprised everyone by keeping the policy rates unchanged, contrary to expectations of 15-25 bps cut The Reserve Bank of India (RBI) on Thursday surprised the money market participants, who were anticipating a 15—25 basis points cut in key policy rates, and held the policy rates in its monetary policy review. The banking regulator paused, after five straight previous cuts, and kept its key policy rate, the repo rate -- the rate at which it lends to banks-- unchanged at 5.15%.That migh…


The company has launched a futuristic range of intelligent and connected 'iPro' products, including water purifier, chimney and water heater. By 2030, the company expects 1/6th of its revenues to be derived from connected appliances Hindware Appliances has forayed into Internet of Things (IoT)-enabled smart appliances segment to deliver an enhanced 'consumer experience' backed by cutting-edge technology. The company has launched a futuristic range of intelligent and connected 'iPro' products, in…


2019-12-06

Indian markets moved higher today, tracking gains in other Asian markets. The Sensex rose about 100 points to 40,877 while Nifty traded higher near 12.050. Among the Sensex stocks, ICICI Bank rose 1% while RIL gained 0.7% in early trade. Elsewhere, RBL Bank shares traded 0.5% higher at ₹367. The lender through a QIP offering has closed allocation of 57,700,000 equity shares at an issue price of ₹351.00 per equity share.....


Social media platforms may have to offer an identify-verification option if the Data bill becomes a law India's proposed new privacy bill may require large social media platforms to offer an identify-verification option, a potentially precedent-setting effort to rein in the spread of "fake news", two government sources told Reuters on Thursday.The requirement would likely raise a host of technical and policy issues for companies including Facebook and its WhatsApp and Instagram units, Twitter an…


The move is also aimed at reducing the financial burden on dealers Tata Motors is in the process of setting up at least seven regional stockyards as it seeks to move to a leaner and efficient distribution system. This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days. The move is also aimed at reducing the financial burden on dealers as it takes care of inventory costs, said Mayank Pareek, president, passenger vehicles business, Tata Motors.…


Even though RBI's Monetary Policy Committee has decided to keep the repo rate unchanged, home loans and car loans borrowers, who have taken loan at floating interest rate or are planning to take such a loan, can still look forward to a reduction in their EMIs. Typically, banks are expected to reduce interest rates when the RBI cuts the repo rate, which is the rate at which banks borrow from the apex bank. Since RBI has not cut the repo rate, loan customers should ideally not expect a drop in the…


2019-12-06

India’s digital payments space is booming. On Thursday, the Reserve Bank of India said it proposed to introduce a pre-paid instrument with a spending limit of ₹10,000. Last week, SBI Cards filed papers for an IPO. Mint looks at what’s driving India’s payments ecosystem. Why is a credit card firm floating an IPO? The initial public offering (IPO) of SBI Cards, India’s second largest card issuer, comes amid a massive spurt in digital payment transactions, fuelled by innovative offering…


Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore for banks The indirect tax department has asked banks to reverse input tax credit claimed on insurance paid to Deposit Insurance and Credit Guarantee Corporation (DICGC), a step that will escalate costs for the lenders.Banks insure Rs. 1 lakh of customer fixed deposits with DICGC. This means that if the bank goes bust or faces any other problem, the customers could recover Rs. 1 lakh from their total …


The Coal Ministry has projected an estimated income of ₹17,136 crore to the State governments from the recently concluded auction of five mines. A Coal Ministry statement also said that the allocation of bid out mines has been approved. In this round, Birla Corporation Ltd has won two mines in Madhya Pradesh, Prakash Industries Ltd has won one mine in Chhattisgarh, Powerplus Traders Private Ltd has bagged one block in West Bengal and Vedanta Ltd has won a block in Odisha.....


'We expect a gradual recovery in income growth right into the second half of next year', said Das After the bi-monthly monetary policy committee (MPC) meeting, the Reserve Bank of India (RBI) Governor SHAKTIKANTA DAS spoke to the media on the rate cut, transmission of interest rates, the non-banking financial sector, and the technical glitch at one of India’s top banks. Edited excerpts: http://bit.ly/2riKWoU


Finance Minister Nirmala Sitharaman responded to latest criticism against her, suggesting that her remarks about not eating onions were taken out of context. During the debate over corporate tax reduction bill in Rajya Sabha, the minister said that her remark was "in answer to a particular question". "When people criticise this government for economy, welcome, please do criticise... But to digress from the facts... Like for instance, today... calling out what is convenient and saying 'Oh, she sa…


2019-12-06

Welspun Group on Thursday said its promoters have bought a majority stake in One Industrial Spaces, an integrated fund, development and asset management organisation focused on the warehousing sector in India. The company did not disclose the value of the transaction, but said the investment was made by the promoters in their personal capacity through a closely held family office investment vehicle....


The US, the EU, Canada and Australia are denying market access to short-term services providers from India India led seven countries at the World Trade Organization (WTO) in objecting to some nations trying to bring in rules to erect barriers to services trade and cross-border movement of professionals through qualification and licensing requirements, and technical standards.India teamed up with South Africa, Sri Lanka, Tunisia and Zimbabwe on Tuesday and raised objections to disciplines being b…


Allcargo Logistics Ltd has ventured into the express logistics space by acquiring a controlling stake in Gati Ltd for Rs 416 crores, the company said after the board approved the deal. As part of the deal, Allcargo will buy up to 1,03,85,332 equity shares at ₹75 per share from some of the existing members of the Promoter and Promoter Group of Gati – Mahendra Kumar Agarwal, Mahendra Investment Advisors Pvt Ltd and TCI Finance Ltd (TCI), and Gati.....


Middle East

UAE-based equity fund Immersive Experiences has raised AED 35 million ($9.53m) over the last year and a half to launch a series of entertainment projects, the company announced this week. Formed in 2017, Immersive Experiences has identified what it believes are gaps in the region’s entertainment industry and has selected a number of entertainment concepts, which include their own facilities and franchises of well-established intellectual property concepts. “Strategic partners from all over t…


Kuwaiti low-cost carrier Jazeera Airways will begin services to Dammam in Saudi Arabia on December 19, flying to the Eastern Capital’s province three times a week on Tuesdays, Thursdays and Saturdays. The service will mark Jazeera’s fifth destination in Saudi Arabia following Riyadh, Jeddah, Madinah and Taif. Using Jazeera, Dammam’s many expatriate residents will also be able to connect to flights to Hyderabad, Alexandria, Amman, Mumbai, Cochin and Katmandu.....


2019-12-06

The Misk Foundation is organizing Awalmna — an interactive recreational platform that aims to encourage children to discover and develop their talents — as part of Riyadh Season. The event will take place at the Abu Bakr Salem Theater on Saturday from 5:30 p.m. to 8:30 p.m.  Through Awalmna, Misk aims to develop children’s personal and performance skills, imagination and ideas.  The event will include a comprehensive fantasy theatrical play with child actors, and activities in the areas …


2019-12-06

A persistent sinus problem prompted a Jordanian entrepreneur to launch an eco-friendly dry-cleaning service that could help end the widespread use of a dangerous chemical. “Dry cleaning” is somewhat of a misnomer because it is not really dry. It is true that no water is involved in the process, but the main cleaning agent is perchloroethylene (PERC), a chemical that experts consider likely to cause cancer, as well as brain and nervous system damage....


Saudi Arabia’s Al Ula will host a ‘desert polo’ tournament in January as part of the Winter at Tantora, officials have announced. The event – being held in cooperation with the Saudi Polo Federation – will take place on between January 16 and 18. Al Ula, a UNESCO world heritage site, will officially open to the public in October 2020. ‘....


2019-12-06

More than 5 million people - Saudi citizens, resident expats and nationals of other GCC countries - have bought shares in the initial public offering (IPO) of shares in Saudi Aramco, the biggest stock market flotation in history. Because of the huge demand for shares in the flagship initiative of the Vision 2030 strategy to diversify the Saudi economy away from oil dependency, all those who applied for up to 1,500 shares will get the full entitlement, but bigger buyers will be scaled back......


Dubai’s Emirates and Mexico’s Interjet Airlines have announced an enhanced interline agreement to open new routes and destinations for passengers travelling between Mexico, the Gulf, and the greater Middle East, the airlines have announced. With a single ticket, Emirates’ passengers can now seamlessly connect through Mexico City to Internet flights to a number of Mexican cities, including Culiacan, Cancun, Chihuahua, Tijuana, Puerto Vallarta and Monterrey....


2019-12-06

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, and Dr. Sahar Nasr, Minister of Investment and International Cooperation of Egypt, today opened Egypt's City Center Almaza, constructed as part of the Egyptian Free Zones Investment System with total investments of EGP9.5 billion. Al Zeyoudi, currently visiting the Egyptian capital, hailed the bilateral relations with Egypt as an exemplar for longstanding partnerships across various fronts, particularly in areas of g…


2019-12-06

e total number of international tourist arrivals to Dubai and Abu Dhabi increased to 15.88 million during the first nine months of the year, as compared to 15.26 million during the same period last year, according to the Q3 Economic Review issued by the Central Bank of the UAE. Based on the data published by Department of Tourism and Commerce Marketing- Dubai, it is estimated that approximately 56.3 percent (6.8 millions) of tourists who arrived during the period of January-September 2019 stayed…


Cambodia and Jordan have signed a memorandum of understanding on air connectivity, paving the way for the establishment of the first direct flight between the countries, an official from the State Secretariat of Civil Aviation (SSCA) announced The deal was signed this week by SSCA’s Secretary of State Mao Havannall during his visit to Aqaba, in the Middle Eastern nation, SSCA said in a statement. From Dec 2 to 6, Aqaba is hosting the Air Services Negotiation Event.....


2019-12-06

The Abu Dhabi National Oil Company (ADNOC) hosted 200 members of the global financial and investment community at its second investor forum in Abu Dhabi, providing attendees with a deeper understanding of ADNOC’s transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of new partnership and co-investment opportunities across its value chain on its path to building an integrated global energy leader of the future.During the forum, ADNOC senior management prese…


2019-12-06

Abu Dhabi’s media hub, and Joe Lewis Company (JLC), a world leader in event production – consistently delivering the Oscars, Grammy’s and other high profile events, have joined forces to offer two aspiring Emirati media talents in event production the chance to learn from the industry’s best in an internship in one of the world’s most exciting media hubs – Los Angeles. twofour54 launched its hunt for Emirati candidates – aged between 21 to 25 – to fill the two positions, which w…


2019-12-06

Organised as part of Dubai Chamber Sustainability Week 2019, “Let’s Reduce and Recycle” Campaign attracted participation of more than 17,700 individuals, 41 companies and 10 schools • More than 35,000 plastic bottles, 10 tonnes of paper and 66 tonnes of waste were recycling during week-long campaign • Nearly 400 delegates from local business community attended events during Dubai Chamber Sustainability Week 2019 More than 35,000 plastic bottles, 10 tonnes of paper and 66 tonnes of wast…


2019-12-06

 The festive spirit is in full swing as Emirates prepares to serve 500,000 Christmas meals across all classes to customers travelling on select flights from December 9 to 31. In addition to a delicious festive menu, travellers can also enjoy nostalgic films and holiday treats across all cabin classes on board and on the ground. Christmas menus Emirates is bringing back its signature festive menu, following the warm reception from customers in previous years. Customers travelling from Dubai to s…


2019-12-06

Roads and Transport Authority (RTA) has once again maintained its ground-breaking achievement of publishing the 2018 sustainability report compatible with the global standards for sustainability reporting (GRI standards), which merited RTA the prestige of being the first global roads and transport entity to achieve this billing. The achievement is certified by the Reasonable Assurance Statement of the Norwegian DNV GL; a specialist organisation in the assessment of sustainability reporting of fi…


Saudi Aramco on Thursday (Dec 5) priced its long-awaited IPO at the high end of the target range, raising US$25.6 billion and giving the energy giant a valuation of US$1.7 trillion in the world's biggest stock sale. Aramco priced its initial public offering at 32 riyals (US$8.53) per share, surpassing the US$25 billion raised by Chinese retail giant Alibaba when it debuted on Wall Street in 2014. Read more at https://www.channelnewsasia.com/news/business/saudi-aramco-raises-us-25-6b-in-biggest-e…


2019-12-05

Although vegans are facing daily stereotypes regarding their dietary habits, the number of young people in the Kingdom shifting to an animal-free diet is rising. The trend has been attributed to Saudis’ health concerns, especially with obesity.  Research has revealed that more than 40 percent of Saudi citizens are obese.  Online awareness campaigns are helping vegans to share their experiences with their eating habits. Several young Saudis were convinced to follow plant-based diets after wat…


2019-12-05

The Saudi capital is preparing to welcome leading gamers from the Middle East and North Africa (MENA) on the eve of the Nexus Festival — the first official League of Legends tournament in the region. US video game developer Riot Games is aiming to shape the gaming landscape in the MENA region through the festival. The three-day festival from Dec. 5-7 is an initiative by the Saudi General Entertainment Authority (GEA) that will offer gamers and non-gamers 23 different activities and mini-games …


2019-12-05

The biggest gathering for vegans in Jeddah took place at the LuLu Hypermarket recently — and the event revealed the growing number of Saudi vegans.  The event did not just showcase vegan food. May Shibah, who owns an all-vegan makeup store called Ithmed Makeup — which means fine powder from the Kohl stone — said that being vegan was not only about diet but lifestyle as well. “I turned to alternative medicine and natural ingredients. Being vegan isn’t specific to food, it has a hand in…


2019-12-05

In the course of the last decade, social media platforms have evolved from being communication networks into an integral part of nearly every aspect of daily life. Online platforms have generated an influencer marketing industry that is currently worth an estimated $8 billion globally. The practice of using influencers to promote a product or service on social media has come to dominate the marketing industry, creating a ripple effect on consumer choices.....


South East Asia

Digitization has changed the consumer behaviour drastically over the last few years. How we look at everyday needs such as food, grocery and clothing has changed with the advent of mobile phones and internet availability. With just one click, one can now get food delivered at their doorsteps, book a cab or avail a number of other services. In a recently published report, Google said that while the internet economy is thriving across Southeast Asian countries, Indonesia is growing faster and is c…


Big C Supercentre Poipet, the biggest and most high-profile shopping destination in the region of Cambodia bordering Thailand, had its grand opening on Wednesday. A ribbon-cutting ceremony attended by top Cambodian government officials and Big C executives was the highlight of the ceremony, according to local media reports. Those present included Big C CEO Aswin Techajareonviku and Cambodia’s Ambassador to Thailand Ouk Sorphorn. Ïn his message, Mr Techajareonviku said Cambodians will now have…


Cambodia and Jordan have signed a memorandum of understanding on air connectivity, paving the way for the establishment of the first direct flight between the countries, an official from the State Secretariat of Civil Aviation (SSCA) announced The deal was signed this week by SSCA’s Secretary of State Mao Havannall during his visit to Aqaba, in the Middle Eastern nation, SSCA said in a statement. From Dec 2 to 6, Aqaba is hosting the Air Services Negotiation Event.....


China could become the biggest market for Cambodian mangoes if exports of the product are greenlighted, a senior Cambodian official said The process of approving shipments of Cambodian mangoes to the Chinese market is ongoing, with a delegation of Chinese officials recently visiting mango farms in the Kingdom to conduct inspections. If shipments are approved, China would become the biggest buyer of Cambodia’s mangoes, said Ngin Chhay, director general of agriculture at the Ministry of Agricult…


UK-based mycloud Hospitality, a firm that makes innovative hotel management software, now has a presence in the Kingdom. Its entry in the Cambodian market was formalised through its partnership with IT service provider TechSider, according to a company press release. “We are thrilled to be launching a new partnership with TechSider to bring mycloud’s advanced hospitality solution platform to tourism businesses across Cambodia....


The government is working on a policy to encourage imports of high-quality electric buses. Chhoun Voun, director-general of the Department of Land Transport at the Ministry of Public Works and Transport, told Khmer Times yesterday they are drafting a “land transport policy” that will include incentives for those who want to import electric buses. “The policy will incentivise the import of electric buses as there are some investors who are interested in importing these vehicles,” he said.…


Construction of a new airport that will serve Phnom Penh is on track and could be completed as early as 2023, the developer said. Pung Kheav Se, chairman of the Overseas Cambodia Investment Corporation (OCIC), the company behind the project, said they are now building the foundations of the airport, conducting an environmental impact assessment, and negotiating with people affected by construction. Mr Kheav Se was speaking to reporters yesterday at the Cambodia International Construction Industr…


2019-12-06

TIME dotCom Bhd (TIME) has entered into a partnership with Facebook to invest in internet infrastructure, opening up Malaysia to more connections and international hubs as well as strengthening connectivity in Southeast Asia. The network infrastructure project stemming from this partnership is expected to be completed by end of second quarter (Q2) of 2020 and will be used exclusively to support Facebook and its family of applications. Facebook network investment manager APAC Nico Roehrich said F…


2019-12-06

Malaysia’s economy is expected to grow about 4.3 per cent next year driven by moderation in consumer spending and uncertainties in the global economy following the ongoing US China trade war. However, higher deficit spending by the government of 3.2 per cent of gross domestic product (GDP) in 2020 from initial target of 3.0 per cent should provide a booster to the country’s economic growth. Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said the GDP’s growth would be underpinned…


2019-12-06

RHB Bank Bhd has decided to wind down its business operations in Hong Kong. In a filing with Bursa Malaysia, the bank said its subsidiaries on the island will gradually discontinue offering financial services to its existing and potential clients. “The increasingly challenging operating broking environment in Hong Kong has resulted in losses being recorded for RHB Hong Kong Group. As a result, it is no longer viable for RHB Hong Kong Group to continue its business operations. “RHB Investment…


Gojek vice president of data science Syafri Bahar has called on Indonesians overseas to return to the country, saying there is no better time than today to contribute to the country thanks to the burgeoning digital economy. Syafri, who returned to Indonesia last year to lead Gojek’s data team – a skill valued highly in technology startups today – previously spent 10 years in the Netherlands as he considered Indonesia to be lacking in job opportunities. As a so-called quant, or quantitative…


Nature groups are dismayed, but say dialogue with the authorities has helped reduce the environmental impact of the rail project, due to be completed around 2030 The Singapore government has announced that a future rail line will cut beneath the country’s largest nature reserve, which has freshwater streams and primary forests that are home to endangered animals such as the Sunda Pangolin and Lesser Mousedeer. The decision, announced on Wednesday, disappointed members of the nature conservat…


The CanO Water brand from the UK is resealable, reuseable and can be recycled endlessly because is made from aluminium, the world’s most recycled packaging material. But will plastic-addicted Singapore residents buy it? A brand of packaged water that claims to be “infinitiely recyclable” is launching in Singapore, and has set its sights on replacing single-use plastic bottles, one of the most common marine litter items. The aluminium-based CanO Water brand, conceived in the United Kingdom…


2019-12-06

'Experience economy' driving investment appeal globally, says JLL Buoyed by the rise of experience-driven travel and an affinity with locally inspired hotel offerings, resort assets remain a top target among investors, according to the international property consultancy JLL. Resort sales accounted for 20% of all hotel sales in the Americas, and about 7% of the total in Asia Pacific, Europe, the Middle East and Africa (EMEA), according to the latest Global Resort Report by JLL Hotels & Hospitalit…


2019-12-06

Taipei, Kuala Lumpur, Ho Chi Minh City and Singapore take top four spots worldwide in 82-city survey by InterNations Twelve Asian cities are featured in the Expat City Ranking 2019, with four of them -- Taipei, Kuala Lumpur, Ho Chi Minh City and Singapore -- occupying the top four positions worldwide. Yangon was in the bottom 10 of the 82-city survey in 73rd place, just one spot below Seoul. The rankings are based on the annual Expat Insider survey by InterNations. More than 20,000 expatriates r…


2019-12-06

Hà Nội's Department of Natural Resources and Environment has outlined a plan to reduce air pollution in 2020. 'Green Initiates for Hà Nội' will focus on air quality management, waste management, energy, urban planning, and green living with sustainable consumption. The department will develop an air monitoring network using low-cost air pollution sensors in selected areas of the city to provide online updates for the public regarding pollution levels. Read more at http://vietnamnews…


2019-12-06

The Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories) will return for the 17th edition in Ho Chi Minh City from May 21 to 24 next year The Saigon International Autotech & Accessories Show (Saigon Autotech & Accessories) will return for the 17th edition in Ho Chi Minh City from May 21 to 24 next year.The event will be organised at the Saigon Exhibition and Convention Centre by the Ministry of Industry and Trade’s Department of Industry, the Asia Trade Fair and Bus…


2019-12-06

The office reported that in the first 11 months of this year, Vietnam received nearly 16.3 million foreign visitors, a rise of 15.4 percent over the same period last year. Of the total, 79.8 percent flew to Vietnam, up 14.1 percent year on year. Meanwhile, the number of foreigners reaching the country through roads rose 21.4 percent and via the sea increased 13.7 percent year on year. Asian visitors accounted for 79.6 percent of the total foreign arrivals in Vietnam in 11 months, an increase of …


2019-12-06

The 2019 Vietnam International Medical, Hospital and Pharmaceutical Exhibition (Vietnam Medipharm Expo) is taking place from Thursday until Saturday in the capital city, attracting 180 foreign and domestic exhibitors.  Firms taking part are from India, Poland, Belarus, Taiwan, South Korea, Indonesia, mainland China and Japan, as well as the US, Russia, Spain, Turkey and Ukraine, according to the event’s organiser, the Việt Nam National Trade Fair & Advertising Company (Vinexad). Read mo…


2019-12-06

The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam.MARD Minister Nguyen Xuan Cuong s…