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India
Hindustan Aeronautics Ltd (HAL) has signed an MoU with Russia’s United Aircraft Corporation (UAC) to produce SJ-100 civil aircraft in India — marking the country’s first domestic passenger aircraft manufacturing project in nearly four decades. HAL will manufacture the aircraft for domestic customers under the UDAN regional connectivity scheme. Hindustan Aeronautics has signed a memorandum of understanding with Russia’s United Aircraft Corporation for the production of civil commuter air…
Electronics and IT Secretary S Krishnan these projects are likely to generate employment for 5,195 people The government has approved seven projects out of 249 proposals received under the Electronics Components Manufacturing Scheme, Union Electronics and IT Minister Ashwini Vaishnaw said on Monday.....
· GST 2.0, festive boom keep India’s growth engine running among global headwinds https://bit.ly/49m62Fo · VI wins relief in SC as govt agrees to reconsider demand for additional AGR dues https://bit.ly/4noZIAw · Govt clears 7 projects worth ₹5,532 crore under electronics manufacturing scheme https://bit.ly/4oeQ7xs · Rashmi Group to invest ₹10,000 crore for Purulia Steel plant https://bit.ly/3LcmXQQ · Lenskart eyes public mar…
The recent acquisition of Vadraj Cement Ltd gives the cement-arm of Nirma Group a crucial entry into Gujarat in the form of limestone reserves, captive jetty and clinker and grinding units Nuvoco Vistas, the cement arm of Nirma Group, is gearing up for a significant uptick in cement demand as Ahmedabad prepares to potentially host the Commonwealth Games in 2030. The company sees the event as a major driver for large-scale infrastructure developments that is expected to fuel cement consumption es…
Under the proposed scheme, the types of incentives are being planned - Turnover Linked Incentive (TLI), Localisation Linked Incentive (LLI) and Employment Linked Incentives (ELI) are being planned The government is developing a mega scheme to support toy manufacturers with financial assistance for new employees they hire, aiming to boost job creation in the sector.... More https://bit.ly/47pjtlv Via business-standard.com
India is investing in deep-water transshipment ports such as Vizhinjam (Kerala) and Colachel (Tamil Nadu), reducing dependence on foreign hubs like Colombo. India’s maritime sector has achieved significant progress in infrastructure expansion, trade facilitation, and human capital development over last one decade. Yet, there is a vast maritime potential to be harnessed as India can emerge as a global maritime powerhouse and a logistics hub for the Indo-Pacific region. It can drive economic…
· Swadeshi goods purchase increased during festive season with enthusiasm for ‘GST Bachat Utsav’: PM https://bit.ly/431R8Aq · India’s maritime sector set for a big leap with $200 billion by 2035: Mumbai Port’s M Angamuthu https://bit.ly/47aNy9F · ₹13,000 crore mega plan taking shape to make India a global toy hub https://bit.ly/47pjtlv · Cement demand in Gujarat to rise if Ahmedabad bags 2030 Commonwealth Games: Nuvoco Vistas https://…
Union Minister Ashwini Vaishnaw announces India's major push for 'trusted, self-reliant' electronics, confirming the development of indigenous chipsets for CCTV cameras under the DLI scheme. India is developing indigenous chipsets for close-circuit (CCTV) cameras amongst other integral applications as part of its broader push towards trusted, self-reliant electronics manufacturing, said Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Saturday.....
Reliance Intelligence will own 70 per cent and Facebook 30 per cent in the new AI venture, with both firms together investing about ₹855 crore to develop and expand enterprise AI services in India Reliance Industries Limited (RIL) has announced the incorporation of a new joint venture company, Reliance Enterprise Intelligence Limited (REIL), in partnership with Facebook Overseas Inc., a wholly-owned subsidiary of Meta Platforms, Inc., to develop, market, and distribute enterprise artificial in…
Nesco has reasonably attractive valuations and robust traction in its key segments of operations In the past three-four years post-Covid, as return-to-office, business meetings and outdoor activities (exhibitions, events/concerts, hospitality) saw strong traction, many businesses focused on these segments have been strong beneficiaries.....
Middle East
S&P Global Ratings and Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has jointly hosted the 15th Annual Islamic Finance Conference at the DIFC Atrium. The 15th Islamic Finance Conference highlighted the industry’s strong performance in 2024, marked by 10.6 per cent growth and total sukuk outstanding surpassing USD 1trn for the first time. The conference covered the global outlook for the Islamic fina…
UAE · Unified GCC Visa: What UAE travellers will pay compared to eVisa costs now https://bit.ly/43G9tDb · UAE gold prices drop Dh15 as global rates fall 3% for second day in a row https://bit.ly/3L8w4Ca · Drone delivery takes flight in Nad Al Sheba as Dubai launches smart, sustainable route https://bit.ly/3WnhaKG · Apparel Group announced as premier partner for the 2025 Asia Pacific Cities Summit and Mayors’ Forum https://bit.ly/4o…
AviLease, the global aircraft lessor headquartered in Saudi Arabia and Riyadh Air the new national carrier for the Kingdom of Saudi Arabia has signed its first aircraft lease. The agreement covers one Boeing 787-9 Dreamliner and positions AviLease as the inaugural lessor to partner with the Kingdom’s newest airline. Delivery is scheduled in Q4 2025, marking a key milestone as Riyadh Air moves closer to its commercial launch. The Boeing 787-9 is among the most advanced and fuel-efficient widebo…
President of the General Authority of Civil Aviation (GACA) Abdulaziz Al-Duailej and Cuba’s Ambassador to the Kingdom of Saudi Arabia Miguel Porto Parga signed an agreement on air transport services between the governments of Saudi Arabia and Cuba today at GACA’s headquarters in Riyadh. The signing took place as part of the official visit of the Cuban prime minister to attend the ninth edition of the Future Investment Initiative (FII) conference in Riyadh. The agreement aims to enhance coo…
King Salman International Airport Development Company, a Public Investment Fund (PIF) company, today officially unveiled the brand identity for King Salman International Airport (KSIA). This marks a key milestone in the journey to deliver one of the world’s most advanced and ambitious aviation projects. Launched under the tagline “Your Journey ..Your Destination,” the new brand reflects KSIA’s commitment to transforming the experience through innovation, sustainability, and passenger–f…
4–6 November Dubai World Trade Centre Gulfood Manufacturing returns as the world’s leading gathering for food and beverage manufacturers, supply chain leaders and technology pioneers. This year’s edition will unite 2,500+ exhibitors from 79 countries, including new national pavilions from Korea, Japan and Russia. Their next-gen solutions will fill 21 halls, showcasing innovations that streamline production, improve quality control and boost long-term profitability.... More https://bit.ly/…
BOXBAY’s new Empty Superstack to transform port operations and set a new global benchmark for efficiency and safety DP World is investing £170 million in cutting-edge container handling technology at its London Gateway logistics hub, marking a major step forward in the digitalisation and automation of port operations. The new Empty Superstack represents a revolutionary approach to handling empty containers. Using High Bay Storage (HBS) technology, the system will store 20- and 40-foot empty…
UAE · UAE to allow individual investors to buy government bonds https://bit.ly/47rBnnw · EV insurance premiums 20-35% higher than other cars despite market stability https://bit.ly/4oxKNF2 · Middlesex University Dubai owner to list 30% of shares on Saudi Exchange https://bit.ly/4oER7L8 · Emirates' biggest buys: From record-breaking aircraft orders to in-flight spas https://bit.ly/3WpKmAO · Where Dubai rents will rise next…
Kuwait is firmly committed to accelerating its transition to clean energy and enhancing international cooperation in sustainable energy, Kuwait’s Ambassador to the People’s Republic of China, Jassem Al-Najem, affirmed on Friday. Delivering a speech at the International Forum on Energy Transition in Suzhou, organized by China’s National Energy Administration, Al-Najem underscored Kuwait’s determination to achieve a strategic balance between maintaining the security and stability of energy…
Olive presses in Tabuk Region have begun receiving the harvest of more than 1.5 million olive trees, marking the start of this year's olive season, which is expected to see abundant production of olives and olive oil.Estimates from the Tabuk branch of the Ministry of Environment, Water and Agriculture indicate that production will reach 94,000 tons of olives, from which more than 12,250 tons of oil will be extracted. Tabuk is one of the Kingdom's most prominent regions for olive production; its …
South East Asia
Singapore · Tuaspring project was riskier than a typical integrated plant: Hyflux prosecution witness https://bit.ly/3WpB4EY · Second-generation insurance agents: The perks and pain of following their parents’ path https://bit.ly/4oFwlLo · S’pore woos mid-cap tech firms from around the world as it pushes AI adoption https://bit.ly/49jufMz · Zyon Grand condo in River Valley sells 590 units, or 84% of project, over launch weekend https://bit.…
Singapore · MAS may make it easier for investors to seek legal recourse over market misconduct https://bit.ly/3L5UEDH · Global business body ICC launches worldwide campaign in Singapore to revitalise rules-based trade https://bit.ly/4qsTItd · Skipping a generation: Lessons from the late Nippon Paint tycoon’s inheritance play https://bit.ly/43EDzab · StanChart demands payment from former Cathay Cineplexes operator mm2 Asia over $905,000 debt h…
Electronics and biomedical manufacturing drive growth Several private-sector economists have raised their full-year gross domestic product growth forecasts for 2025, after the latest industrial production (IP) print was much better than anticipated..... More https://bit.ly/4qseFUZ Via businesstimes.com.sg
Singapore · Job matching can’t be left entirely to market forces in S’pore: PM Wong https://bit.ly/4ou27e4 · Singapore core inflation edges up to 0.4% in September, above forecasts https://bit.ly/4o7z0gY · ST Engineering bags new contracts worth $4.9 billion in Q3 2025 https://bit.ly/4hpZ0kU · Marina Bay Sands sees another record quarter as earnings soar 83% to $965 million https://bit.ly/3JsQaGH · Standard Chartered issues pay…
Singapore · Projected doubling of S’pore GDP by 2040 could see S$ on a par with US dollar, STI hit 10,000: DBS https://bit.ly/4o3OWRl · Breaching AI policy could be a sackable offence at Singapore law firms https://bit.ly/3L43GRB · Singapore is top IPO market in South-east Asia in Q3: EY report https://bit.ly/475qjha · NUS to sell $649 million in private equity, real estate funds, sources say https://bit.ly/47fXDkk · Seatrium rej…
Under the new national strategy, logistics is recognised as a key economic sector with high added value and a critical service driving economic growth. The strategy leverages Vietnam’s geographic advantages, maritime potential, and trends in digital and green transformation to build a modern, connected logistics ecosystem. As cross-border e-commerce emerges as a key driver of global trade, Vietnam is placing logistics at the heart of its long-term growth agenda, viewing it as a high value-adde…
Software engineers in Singapore are less likely than their global peers to lose their jobs to artificial intelligence (AI), owing to strong government support and the Republic’s proximity to an array of tech firms, say talent and technology players. The rise of vibe coding – where one can build apps and websites using word commands – is especially ominous for this group of computer experts.... More https://bit.ly/43vnJi1 Via straitstimes.com
Traders described a growing panic as liquidity dried up. The cost of borrowing silver overnight soared to annualised rates of as high as 200%, according to consultancy Metals Focus For months, Vipin Raina had been bracing for a stampede of buying from Indian customers loading up on silver to honor the Hindu goddess of wealth. But when it came, he was still blown away. At the start of last week, his company, India’s largest precious metals refinery, ran out of silver stock for the first time …
Many high-tech flower farms have adopted automated irrigation systems, light and temperature regulation, and have achieved relatively high productivity. Hanoi is promoting hi-tech flower cultivation by expanding greenhouse and net house production areas, applying new varieties and advanced techniques, and converting low-yield rice fields into flower-growing zones to foster green, climate-resilient agriculture combined with eco-tourism.... More https://bit.ly/3KVR0fw Via vietnamplus.vn
His corporate trail stretches across Singapore, Malaysia, China and Taiwan, but the current whereabouts of Mr Tan Yong Pong, the Singaporean behind Megaspeed International, remains unclear. Mr Tan, 54, is listed as the sole director of the company, which is under a widening probe in Singapore and the US over possible breaches of export laws involving advanced Nvidia artificial intelligence (AI) chips...... More https://bit.ly/4o1GD8G Via straitstimes.com