India

2021-10-20

99 Cr Covid doses administered; India inches towards 100 Cr vaccine mark


The funding will further intensify the expansion of the AR-powered app in Delhi/NCR and mark its presence in 4 new cities within the next 6 months peAR, AR-based dining, and 3D-based food & beverage app recently announced to have raised funding from integrated incubator and accelerator Venture Catalysts. The company took part in Pre-Series A round funding led by Inflection Point Ventures, LetsVenture, and the Government of India....


The Pulse report which is based on PhonePe’s 32 crore user base said that transactions in the July to September quarter grew by 33.6 percent QoQ to 526.4 crore. Chandigarh topped the charts in digital payments with a 50 percent QoQ growth. Digital payments continue to surge in India, led by the United Payments Interface (UPI), according to data by digital payments and financial services player PhonePe’s second edition of the Pulse report for the third quarter of 2021......


Delhi Police Cyber Cell arrested 12 people, including three HDFC bank employees, for attempting to make unauthorised withdrawals from a high-value NRI account HDFC Bank has suspended the employees who were arrested by the Delhi Police for alleged involvement in attempts of unauthorised withdrawal from high-value NRI account. "Basis the FIR, police has arrested suspects including bank staff. We have suspended bank staff pending outcome of the investigation," the bank said in a statement on Tue…


Simply put, the Gati Shakti master plan will bring maximum planning and coordination and minimise delays between the government stakeholders, in this case, various ministries. In another push for the infrastructure sector in India, the Narendra Modi-led government has come out with Rs 100 crore Gati Shakti master plan. The plan was first announced from the ramparts of the Red Fort on August 15. After the announcement of national infrastructure pipeline, and the national monetisation pipeline, th…


2021-10-19

PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, has received capital markets regulator Sebi's approval to raise ₹6,017.50 crore through an initial public offer (IPO), news agency PTI reported on Tuesday....


Revises ‘negative’ to ‘stable’ on the back of stabilising asset quality and improved capital drive Moody’s Investors Service has revised the outlook for the Indian banking system to “stable” from “negative” on the back of stabilising asset quality and improved capital drive....


Onato plans to use funds for talent acquisition and scaling up operations Bengaluru-based Onato, a data-driven B2B platform for fresh produce, emerged out of stealth and announced a seed financing of USD 2.2 million. This round was led by Vertex Ventures Southeast Asia & India with participation from Omnivore.....


Unlike its competitors, RR's overarching presence in all key related goods and services that has potential to influence buying patterns is its biggest advantage Even as regulatory focus has zeroed in on foreign e-commerce giant Amazon, a domestic retail giant has been created almost below the radar in Reliance Retail (RR), one of the most crucial businesses for the group’s future. From doorstep delivery of groceries, apparels to branded jewellery, medicines, toys, furniture to high street reta…


2021-10-19

Flexible workspace provider IndiQube on Tuesday said it has opened a new commune, IndiQube Orchid, in Pune, its eighth property in the city.  The new centre, located in Yerwada and spread across 1.5 lakh sq ft, has a cricket practice pitch, multi- purpose hall, wellness rooms, executive lounge, gaming zone, gym, cafeteria, meeting rooms among others....


Middle East

2021-10-20

راشد النعيمي يدشن السيارة ذاتية القيادة تعمل بتقنيات الذكاء الاصطناعي


2021-10-20

ليوم الثالث جيتكس 2021


"It is imperative we have a space to comprehend the urgencies that concern us all and allow ourselves the time to reflect, as we begin to recalibrate and recast new patterns through experimentation, ultimately shaping our new discourse." In her role as the Executive Director of Alserkal, a Dubai-based arts and culture enterprise that has Alserkal Avenue, Alserkal Advisory, and Alserkal Arts Foundation under its purview, Vilma Jurkute is easily one of the most recognizable faces on the UAE’s a…


With its innovative approach, Hawa Water eliminates one obvious element of drinking water production: relying on existing water bodies. With the UAE’s desertic terrain and limited water resources, there have been plenty of innovative endeavors over the years in trying to ensure sustainable yet consistent access to drinking water. It is an area that the government of the country too has been actively invested in by introducing initiatives such as the UAE Water Security Strategy 2036. ...


in5, an enabling platform for entrepreneurs to incubate and grow their businesses in Dubai, has achieved a new milestone as its startups crossed the AED1.4 billion investment mark, reaffirming the Emirate's status as a hub for talent and entrepreneurship. A few of in5’s startups that have raised significant investments include buy-now-pay-later startup tabby, which raised approximately AED485 million in the last year, with a clientele including retail brands adidas, Ikea, and Shein....


The launch comes in the midst of the Abu Dhabi government's initiatives to attract more investors into its business ecosystem in the near future.  Abu Dhabi's Supreme Council for Financial and Economic Affairs, an entity set up by the UAE government to supervise matters related to the capital’s financial, investment, economic, petroleum and natural resources issues, has launched an AED5 billion IPO Fund in an effort to catapult the Abu Dhabi Securities Exchange (ADX) into becoming one of the …


Aconsortium of investors in Saudi Aramco may raise at least $4.5 billion (SAR 16.88 billion) in a US dollar-denominated bond sale planned this week, Bloomberg reported Tuesday, citing people familiar with the matter.   Aramco, which tops the Forbes Middle East Top 100 Companies 2021 list, has a market capitalization of around $1.97 trillion (SAR 7.4 trillion) as of October 19.....


2021-10-19

Three Gulf countries are among the top 10 best places to live in the world for expats, with UAE climbing 10 places to secure the 4th position, while Bahrain ranked 8th and Qatar took the 10th position.  Switzerland retained its position as the number one place expats rated to live, while Australia came second, according to HSBC's 14th annual Expat Explorer study. .....


2021-10-19

ACWA Power is among bidders of 1,200 MW Saudi renewable energy projects, consisting of four independent generation projects (IPP), according to the Ministry of Energy. French Total Solar and ACWA Power are both candidates for the Wadi Al-Dawasir project with a capacity of 120 MW, while ACWA Power and AlFanar Energy Company are candidates for the Laila project with a capacity of 80 MW, under Category A......


2021-10-19

Since the early part of the last century, the image and fortunes of Saudi Arabia have been inextricably linked to a single element. The discovery and exploitation of oil transformed life in the KSA and positioned the country front and center in the petrol-driven global economy......


South East Asia

The government will use tax policies to fight climate change by putting a price on carbon emissions, but businesses have expressed opposition while experts say the provisions will hardly get Indonesia closer to its climate goals. The Harmonized Tax Law (HPP) passed on Oct. 7 introduces a carbon tax with a rate slightly above the carbon price in the domestic market but with a minimum rate of Rp 30,000 (US$2.10) per ton of carbon dioxide equivalent (CO2e). It will be implemented under a cap-and-t…


President Joko “Jokowi” Widodo has said state-owned enterprises (SOEs) should no longer be shielded by the government, as it makes them feel too comfortable within their respective industries. Injecting state capital into ailing SOEs is one of the practices Jokowi appears keen to dispense with, having said previously that the government had afforded SOEs such treatment too often.This article was published in thejakartapost.com with the title "Forget protection: Jokowi tells SOEs to get out…


2021-10-19

Condé Nast Traveler recognized Discovery Shores Boracay as one of the Top 25 Resorts in Asia, based on its annual tourism survey, the 2021 Readers’ Choice Awards. More than 20,000 readers were asked to nominate the hotels and spas they escape to, as well as the islands, cities, and countries that spark their curiosity. Discovery Suites Ortigas was likewise named as one of the Top 30 Hotels in Asia by the same international travel magazine.....


2021-10-19

Tobacco smugglers all over the world have taken advantage of the Covid-19 pandemic to promote their low-cost, inferior products to low-income consumers, according to Japan Tobacco International (JTI). Speaking during a webinar on "Anti-Illicit Trade and Getting to Net Zero: Sustainable Strategies to Stamp out Illegal Trade of Tobacco Product," Ian Monteith, JTI senior global director for anti-illegal trade, said tobacco smugglers are taking advantage of increased unemployment and reduced di…


THE Bangko Sentral ng Pilipinas (BSP) emphasized the vital role of the media in achieving its strategic goal of making the BSP more accessible to a greater majority of Filipinos. “We count on you to help us bring the BSP closer to the people. As our allies in this pursuit, we cannot overemphasize the crucial role of the media in our economic recovery and development plan,” BSP Governor Benjamin E. Diokno said during the recently concluded Media Lectures for members of the Northern Luzon pres…


THE Inter-Agency Technical Working Group (TWG) for Sustainable Finance led by the Department of Finance and the Bangko Sentral ng Pilipinas (BSP), is set to roll out this week the “Philippine Sustainable Roadmap and Guiding Principles” on the use of low-carbon energy....


2021-10-19

Accordingly, in the first nine months of 2021 Saigon-Hanoi Commercial Joint Stock Bank (SHB) counted VND5.055 trillion ($219.8 million) in profit, reaching 82.5 per cent of its 2021 target of VND6.128 trillion ($266.43 million). With this, SHB reported return-on-asset (ROA) and return-on-equity (ROE) ratios of 1.5 and 25.6 per cent, respectively, following constant quarterly improvements.....


2021-10-19

Model Dahan Phuong Oanh is quickly making a name for herself on the runways of some of the biggest names in fashion. She has already strutted her stuff in Milan and her next stop is Paris.


2021-10-19

The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport permit airlines to resume domestic air routes as normal from December if the COVID-19 pandemic is controlled well nationwide.The CAAV has submitted a draft plan on the operation of domestic flights between October 21 and November 30 after 10 days of the trial reopening of domestic air routes.....


2021-10-19

DTC approach now a prevailing trend The value of Thailand's e-commerce is expected to grow 6.1% to 4 trillion baht this year, crucially driven by businesses that are sharpening their focus on the business-to-customer (B2C) model in the wake of the pandemic, according to the Electronic Transactions Development Agency (ETDA).....