India

Rajen Vagadia, president of Qualcomm India & SAARC, describes how the 5G ecosystem and consumer case uses across brands will evolve Global giant Qualcomm dominates the Indian chip market for mobile phones. It works with most of the key mobile device players and telcos. Rajen Vagadia, president of Qualcomm India & SAARC, describes how the 5G ecosystem and consumer case uses across brands will evolve in an interview with Surajeet Das Gupta....


Supertech Twin Tower demolition: Come August 28, and two illegally constructed towers by Supertech in Noida will be demolished. Here's how the events are lined up. When the Allahabad High Court had ordered Noida-based realtors Supertech to stop selling the twin tower project and asked for the project to be sealed – the question remained, what would happen of the two giant buildings as they were already built? What perhaps no one had ever guessed was that the court would order the buildings to …


2022-08-13

The deal is expected to have an equity value of ₹3,000 cr, enterprise value of about ₹5,000 cr Torrent Power Ltd and Singapore’s Sembcorp Industries Ltd are in the fray to buy US private equity firm Global Infrastructure Partners’ (GIP) Indian clean energy platform Vector Green Energy, said two people aware of the development, in what is set to become one of the biggest clean energy deals in India.....


At 6.7%, still far from RBI’s target; industrial growth dips to 12.3% in June Retail inflation based on Consumer Price Index (CPI) slowed down to 5 month low of 6.71 per cent in July as against 7.01 per cent in June . Still, it is higher than the upper band of targeted inflation range (2-6) per cent which triggered expectation of another hike in policy interest rate.....


2022-08-12

Indian Railways: The maximum proposal were received for broken rail detection system which was 43 and the least was for Headway Improvement System for suburban section interoperable with Indian Railways National ATP system which received four proposals Railway Minister Ashwini Vaishnaw has said that the Indian Railways received 297 proposals from startups under the “StartUps for Railways" initiative which was launched in June this year.....


Following the transaction ADIA will hold 9.99 per cent stake in ABHI The boards of Aditya Birla Capital Ltd (ABCL) and Aditya Birla Health Insurance Co. Ltd (ABHI) have approved a proposal for a primary capital infusion of about Rs 665 crore in ABHI from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).....


2022-08-12

Har Ghar Tiranga: हर घर तिरंगा अभियान को सफल बनाने के लिए डाक विभाग ने डाकघरों के माध्यम से 10 दिनों में 1 करोड़ से अधिक नेशनल फ्लैग को बेचा है. भारत सरकार के हर घर तिरंगा अभियान को सफल बनाने के लिए डाक विभाग (…


The Adani Group will be investing Rs 57,575 crore in Odisha. The High-Level Clearance Authority (HLCA) of the Odisha government, headed by Chief Minister Naveen Patnaik, has approved the Adani Group’s proposal to set up two projects – a 4 MMTPA Integrated Alumina Refinery and a 30 MMTPA Iron Ore (Value Addition) Project. Gautam Adani, Chairman, Adani Group, said: “Odisha is one of our most strategic states in which we have continued to invest and we are always appreciative of the support w…


The market snapped four-day winning streak and corrected one percent on January 6, as the selling pressure was seen banking & financials, FMCG, IT, Metals and Pharma stocks, after the correction in global peers as FOMC minutes indicated a faster-than-expected rate hikes. The rising coronavirus cases also dented sentiment. BSE Sensex fell 621.31 points to close at 59,601.84, while the Nifty50 declined 179.40 points to 17,745.90 and formed bearish candle on the daily charts.


2022-08-11

Direct flights from India and Australia are helping to sustain Phuket's tourism industry during low season, but a full recovery might not be seen this year as the major Chinese and Russian markets are unable to resume overseas travel, says Thaneth Tantipiriyakij, president of the Phuket Tourist Association....   Please credit and share this article with others using this link:https://www.bangkokpost.com/business/2365920/phuket-recovery-relying-on-indian-flights. View our policies at http://goo…


Middle East

2022-08-13

423 daily permits are issued since the launch of the registration platform Dubai’s Roads and Transport Authority (RTA) has issued 38,102 permits for riding e-scooters during the first three months from the launch of the free online registration platform on RTA’s website on April 28th, 2022. The daily average number of permits issued clocked 423 permits.  The age group 30-40 years accounted for the largest number of permits issued (15,807 permits) which is equal to 41% of permits issued to a…


2022-08-13

This week


Real estate leasing service Al Ghurair Properties has launched Stay Holiday Homes, a new holiday home concept offering high-quality vacation properties suitable for short-term stays or month-long trips. Stay Holiday Homes will offer a wide selection of accommodation options in Dubai Marina, Al Barsha, Bur Dubai and Deira, ranging from studios to one- and two-bedroom apartments Ahmed El Bassyouni, head of hospitality and commercial leasing at Al Ghurair Properties, told Gulf News: “As the sh…


A significantly expanded Golden Visa scheme, the new five-year Green residency, a multiple-entry tourist visa and job hunting entry permits are among the several residency reforms that will take effect next month. These new visas and entry permits are part of the largest entry and residency reforms adopted in the UAE. The new system will significantly benefit the expatriates living and working in the UAE as well as visitors. This will also make the Emirates an even more investor-friendly country…


A video of the UAE President piloting a helicopter over the country is going viral on social media. The video shows the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, flying the chopper himself. It's not immediately clear if the video is new or a repost.


Following the transaction ADIA will hold 9.99 per cent stake in ABHI The boards of Aditya Birla Capital Ltd (ABCL) and Aditya Birla Health Insurance Co. Ltd (ABHI) have approved a proposal for a primary capital infusion of about Rs 665 crore in ABHI from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).....


2022-08-11

Dubai Clear, a subsidiary of the Dubai Financial Market (DFM) and The Securities Clearing Center Company “Muqassa”, a subsidiary of Saudi’s Tadawul Group, signed a Memorandum of Cooperation, creating a broad framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line with international best practices. The Memorandum of Cooperation was signed by Fatma Bin Qedad, General Manager of Dubai Clear …


2022-08-11

The Federal Authority for Identity, Citizenship, Customs and Ports Security has stressed the need for residents to replace or update their ID cards when they get married as the wife’s surname for some nationalities residing in the UAE changes after marriage.


2022-08-11

- Contract to hire 13 jack-up barges awarded by ADNOC Offshore to ADNOC Logistics & Services (L&S), underpinning the world-class capabilities within ADNOC’s Group Companies - Award will drive offshore operational efficiencies and support ADNOC’s objective to achieve 5 million barrels of daily crude oil production capacity by 2030 - Over 80% of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value program- Award reinforces ADNOC L&S’s key role in enablin…


2022-08-11

Dubai Electricity and Water Authority (DEWA) is organising several field visits as part of the Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) 2022. DEWA’s key projects and its pioneering achievements and the latest innovations in sustainability, clean and renewable energy will be introduced to the delegations, visitors and exhibitors. DEWA is organising the 24th WETEX and DSS under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice Preside…


South East Asia

2022-08-13

Viettel Cambodia (Metfone) and Mineski Global on August 12 signed a cooperation agreement on organising e-Sport events in the neighbouring country.The signing of this cooperation agreement is the first and largest cooperation ever in Cambodia in terms of business but also promotes the development of eSports in Cambodia and gradually professionalising the eSports industry in Cambodia.....


2022-08-13

Jeff, a Spain-based laundry service founded  in 2015 by millennial entrepreneurs, expects its operations to further grow in the Philippines due to its innovative business model that continues to attract more franchisees. The company, which  is present in  40 countries in the US, Latin America, Europe, Africa, the Middle East and Southeast Asia, offers a physical laundry shop with an online platform and mobile app for home delivery laundry.....


2022-08-13

The deal is expected to have an equity value of ₹3,000 cr, enterprise value of about ₹5,000 cr Torrent Power Ltd and Singapore’s Sembcorp Industries Ltd are in the fray to buy US private equity firm Global Infrastructure Partners’ (GIP) Indian clean energy platform Vector Green Energy, said two people aware of the development, in what is set to become one of the biggest clean energy deals in India.....


Malaysia’s economy expanded by 8.9 per cent year-on-year in the second quarter of this year, mainly supported by domestic demand, improving labour market and resilient exports, said Bank Negara governor Nor Shamsiah Mohd Yunus. The announcement by the central bank on Friday (Aug 12) also exceeded the majority of forecasts by various analysts, which ranged between 5 per cent and 8.5 per cent for the April-June period......


VIETNAM will need investment of between US$8 billion and US$14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday (Aug 10). Of the amount, 75 per cent would be spent on new power plants, with priority given to renewable sources, and 25 per cent on grid expansion, Deputy Minister of Industry and Trade Dang Hoang An said in a statement.....


2022-08-12

Building Resilient Business Models amid Volatility and Change  The Monetary Authority of Singapore (MAS) and Elevandi (a not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally) today announced the return of the Singapore FinTech Festival (SFF) as an in-person event to be held from 2 to 4 November 2022, with industry events and the annual Innovation Lab Crawl being held on 31 October and 1 November. Organised b…


GIVEN Indonesia’s position as a major commodities exporter, growth momentum for the country is likely to slow in the second half of the year as key commodity export prices undergo a correction. Holding all things constant, senior economist at RHB Bank Barnabas Gan hypothesised in a report on Friday (Aug 12) that a uniform decline in commodity prices of coal, vegetable oils, metals and gas by 10 per cent will reduce annual export value by an approximate 4 per cent and affect 0.6 per cent of Ind…


Keppel Corp and Keppel Infrastructure Trust (KIT) said on Friday (Aug 12) that they will spend €305 million (S$445.3 million) to acquire a 25 per cent stake in Borkum Riffgrund 2, an offshore wind farm in Germany. It is their second joint investment in renewable energy assets and reinforces KIT's strategy to grow its energy transition business.....


2022-08-11

President Joko “Jokowi” Widodo on Tuesday inaugurated a major container terminal at Pontianak Port in the province of West Kalimantan six years after the construction began. The new terminal in the district of Mempawah has a capacity of 500,000 twenty-foot equivalent units (TEU), making Pontianak Port the biggest on the island, according to government data....


2022-08-11

Direct flights from India and Australia are helping to sustain Phuket's tourism industry during low season, but a full recovery might not be seen this year as the major Chinese and Russian markets are unable to resume overseas travel, says Thaneth Tantipiriyakij, president of the Phuket Tourist Association....   Please credit and share this article with others using this link:https://www.bangkokpost.com/business/2365920/phuket-recovery-relying-on-indian-flights. View our policies at http://goo…