Net fresher addition in Q4 for the company stood at 3,096 freshers. For the entire FY24, HCLTech added 12,141 freshers. The company's total headcount in Q4 was 227,481 IT services giant HCLTech on Friday during its Q4 earnings call said that the company will follow a similar hiring plan as last year, and has set up a target of adding more than 10,000 freshers in FY25..... More https://bit.ly/4aQehaF Via business-standard.com

The carmaker’s Japanese parent, Suzuki, is working on technology that would make hybrid vehicles affordable in India Maruti is also “seriously” considering bringing Suzuki’s plug-in hybrids to India, although not immediately Maruti Suzuki India Ltd’s Japanese parent, Suzuki Motor Co., is working on developing cost-effective technologies that would make the otherwise exorbitantly expensive hybrid cars affordable for buyers in India....

Matter deliberated at IRDAI - Industry meet, Bima Manthan The Insurance Regulatory and Development Authority of India (IRDAI) held deliberations on pricing and other modalities of the much awaited all in one affordable insurance product, Bima Vistar, with the captains of industry at the Two-day Bima Manthan concluded here on Friday.....

In India, the company has 27 active investments including in Swiggy, NSE India, Duroflex, Finova Capital, Kishlay Foods, Mintifi, Quikr among others Norwest Venture Partners, a global venture capital and growth equity investment firm, closed its $3 billion fund on Thursday. The firm will deploy the fund across three markets: US, India, and Israel. With the new fund closure, the firm’s total capital under management rose to $15.5 billion. The new fund would enable the Norwest team to continue p…

Tata Electronics, an arm of Tata conglomerate, has recently taken a bold step in India's tech sector by initiating a partnership aimed at localizing the production of iPhone casings. This move signifies a shift from reliance on China. Tata Electronics, a significant player in assembling enclosures for Apple iPhones in India, has partnered with companies in Pune and Bengaluru to enhance the development of high-precision machines, as per a report by Economic Times on April 26....

With 70,000 net additions, FY24 ended as the lowest intake year over a two-decade period The IT sector in India, after a complete fiscal of low-to-no freshers and entry-level hiring, will see fresher hiring pick up in FY25. As the deal pipeline swells, attrition comes down, and utilisation levels peak amid a tough demand environment, fresher hiring will also be an effective cost-play for IT firms.....

The second phase of voting for Lok Sabha elections 2024 will be held on Friday, April 26. This phase will see voting in 89 constituencies in 13 states and Union territories (UT).     All 20 Lok Sabha seats in Kerela will go to polls on Friday, concluding voting in the state....   More https://bit.ly/4dcibfA Via business-standard.com

The aggressive pricing would place JioCinema in a stronger footing to compete with Netflix and Amazon after an agreement with Disney to merge India TV and streaming assets. Mukesh Ambani's JioCinema is offering Hollywood movies and TV shows for as little as one rupee a day in a move that could disrupt India's 1 billion-plus streaming market......

- Automotive clients account for up to 35% of IT services' manufacturing clients - India's top IT firms thus clearly draw meaningful revenue from carmakers around the world - With the advent of electric and tech-laden cars, IT's reliance on automotive revenue is now rising Auto companies may yet smoothen the bumps for Indian IT services in FY24, a year that has so far been one of the worst in the $253-billion industry's history.  The country's top IT companies are seeing way faster growth from …

70 per cent of companies have AI projects up and running or in motion India heads the pack as an AI leader, with 70 per cent of companies having AI projects up and running, or in motion. This is in stark contrast with the global average of 49 per cent, according to a report by NetApp.....

Shortlisted companies and individuals will be vetted by the Entrepreneur Middle East team and then the judging committee, chaired by Mastercard and industry leaders. Nominations are now open for the 2024 edition of the Mastercard Women SME Leaders Awards in partnership with Entrepreneur Middle East, an annual event that aims to empower women-owned and run small and medium enterprises (SMEs) across Eastern Europe, Middle East, and Africa. Women executives or business owners who have their head…

Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom.  Following a period of startup funding stagnation, Egyptian founders have made their way back to the regional venture capital space with a flurry of investment deals and expansion strategies already in place....

Chinese food delivery giant Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign it may be looking to Saudi Arabia to further its global expansion ambitions, according to Reuters....

Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced the signing of a framework agreement in Abu Dhabi today at the DRIFTx mobility event, held at the Yas Marina Circuit showcasing the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector. This agreement covers multi-hundred-million dollar investments to accelerate Archer’s planned commercial air taxi operations in the UAE, slate…

Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the signing of an agreement with AGMC, one of the leading importers of luxury vehicles in the United Arab Emirates, to launch a new AED 500 million showroom and service centre at Dubai South to serve customers of its automotive brands BMW, MINI, Rolls Royce and other brands.The agreement was signed in the presence of HH Sheikh Sultan Ahmed Mohamed Al Qassimi, HE Khalifa Al Zaffin, …

Emirates, the Official Main Sponsor of Olympique Lyonnais, sparked excitement on the field last weekend as it hosted children from local organisations, Hôpital Mère Enfant and Centre Léon Bérard on 14 April, 2024. Hôpital Mère Enfant is a local organisation that provides specialised services in paediatric care; and Centre Léon Bérard is a local organisation renowned for medical oncology services. More than 20 children enjoyed an unforgettable experience walking hand-in-hand with renowned…

It is Al Madani's belief that entrepreneurs should let their ideas evolve, and this is one of the points she often raises during her many public speaking engagements. There is a lot one can learn about building businesses from Emirati serial entrepreneur, public speaker, and reality TV star Sara Al Madani- after all, she started up her first venture at the age of 15. And according to her, there is one particular lesson that other entrepreneurs often find hard to learn, or even accept and admit …

Today (25.04.24) marks the 8th anniversary of Saudi Arabia's Vision 2030, a transformative plan that charts a new course for the nation's future, one where both the country and its citizens can thrive.Vision 2030 rests on three key pillars that leverage the Kingdom's strengths: its deep cultural heritage, at the heart of the Arab and Islamic worlds; its substantial investment capabilities, which will propel the economy toward new horizons through diversification and development, an economic tran…

What extraordinary feats did Saudi Arabia accomplish to see itself ranked ahead of China, Germany and the UK on a global measure of economic competitiveness? On its eighth anniversary, Saudi Vision 2030 has reached several remarkable milestones and made steady progress since its inception by Crown Prince Mohammed bin Salman, revealing a transformative journey that continues to reshape the Kingdom’s future.....

- Aramco becomes Major Worldwide Partner of FIFA, with rights across multiple events including FIFA World Cup 26™ and FIFA Women’s World Cup 2027™ - Agreement builds on a shared commitment to innovation, development and creating impactful social initiatives, in line with FIFA’s mission to make football truly global  - Partnership to run through to end of 2027  Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a four-year global partnership with …

A TOP Vietnamese property tycoon sentenced to death in a US$27 billion fraud case has launched an appeal against her conviction, state media said on Friday (Apr 26). Truong My Lan, chair of major developer Van Thinh Phat, was found guilty this month of swindling cash from Saigon Commercial Bank (SCB) over a decade.....

- Total consideration for Capital A’s disposal and correspondingly, AirAsia Group’s acquisition amounting to RM6.8 billion, to be fulfilled with shares and debt settlement - Capital A’s shareholders’ equity to turn positive for the first time in 14 quarters following the divestment, while AirAsia X's shareholders’ equity to also strengthen post-transaction - AirAsia Group to fortify its position as the largest low cost carrier in Asia, with a win-win “One Airline” strategy set to t…

Anwar also denies report government is mulling over a second casino licence to revive the beleaguered US$100b development Berjaya Corp denied that company founder Vincent Tan was in talks to build a casino in Johor’s Forest City, as reported recently. The response came after Malaysia’s Prime Minister Anwar Ibrahim on Thursday (Apr 25) denied a recent news report that the government is mulling over a second casino licence to revive the beleaguered US$100 billion development in the southern s…

The Singapore economy is on track for faster growth in 2024, aided by resilient global demand for its exports and above-trend growth in tourism-related industries, the central bank said on April 26. The Monetary Authority of Singapore (MAS) maintained its estimate of 1 per cent to 3 per cent GDP growth in 2024, made in November, after the 1.1 per cent expansion in 2023. The main clusters of the economy are converging towards their pre-pandemic growth rates, it said.....

AirAsia Cambodia's inaugural flight graced the skies of Phnom Penh International Airport on April 20, bringing with it the promise of enhanced connectivity and a tourism boost for Cambodia.  As noted by Prime Minister Hun Manet in a recent social media post, the aircraft, adorned with the iconic image of Angkor Wat and traditional Cambodian motifs, marks a significant milestone in the country's aviation industry.....

The Vietnam Online Business Forum 2024, themed “Sustainable E-Commerce”, kicked off in Hà Nội on April 25. The annual event, held by the Vietnam E-Commerce Association (VECOM), aimed to provide a comprehensive overview of e-commerce in the past year and shed light on the latest technology trends impacting the industry through a market research on smart consumer behavior and overview of the 2024 e-commerce market and its prominent trends....

The Asian Terminal, Inc. (ATI) and Dubai-based logistics firm DP World target to turn a newly registered economic zone in Cavite into a smart and world-class facility. This, as ATI and DP World inaugurated on Thursday the Tanza Container Terminal Inc. (TCTI) located inside the MetroCas Industrial Estates - Special Economic Zone (MIE-SEZ) in Barangay Calibuyo in Tanza, Cavite. “(T)he four-hectare facility features a concrete container yard, docking facilities with harbor cranes supported by rea…

A brand new hotel, Hotel Indigo Changi Airport, will be opening at Changi Airport, expanding the airport’s hospitality offerings and enhancing the experience of passengers and visitors. The hotel will be located in the public area of the airport and connected to Terminal 2 via a linkway. Boasting 255 rooms with innovative design elements and modern facilities, it is expected to be completed and fully operational by 2028. Built at the existing Terminal 2 Coach Stand, guests can look forward to …

Hotel operators anticipate high expenses from power bills, food prices and labour wages as the low season arrives amid scorching temperatures. Thienprasit Chaiyapatranun, president of the Thai Hotels Association (THA), said during the hot season, electricity expenses could rise to 20% of total costs, compared with 10% in the cool season.... https://www.bangkokpost.com/business/general/2781724/rising-expenses-add-to-hotels-woes

DP World and Malaysia’s Sabah Ports Sdn. Bhd today established a partnership to manage Sapangar Bay Container Port (SBCP) to cement SBCP’s position as the premier regional trade hub for the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)1. Sabah Ports Sdn. Bhd is a wholly owned subsidiary of Malaysian public listed investment holding company, Suria Capital Holdings Bhd. The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP Wo…