22 May 2024THE LEELA, MUMBAI Reimagine Experiences, Redefine Loyalty Connecting global CX innovators with influential leaders in technology, customer experience and digital transformation to redefine and re-imagine CX in a digital-first economy.... More https://worldcxsummit.com/india

Taxation of wealth and inheritance has been tried in India before. These ideas should not be resurrected There is a great populist urge in India — to take from the rich and give to the poor. This is the path to sustained poverty and economic failure. Two specific mechanisms that are being discussed — wealth tax and inheritance tax — are well known in the field of public finance. All over the world, there is analytical clarity on their lack of usefulness. They have been tried in India. They…

ICICI Bank faced a recent technical glitch that exposed the credit card details of thousands of its customers Executive director Sandeep Batra said while instances of outages and errors could occur in any bank, ICICI Bank had the ability to take quick recovery and corrective action ICICI Bank Ltd's improved performance in the March quarter was underscored by a metric that’s becoming crucial to the stability of lenders in the modern era, particularly in the context of the regulatory crackdown o…

Pension funds thrive as equity returns continued to show robust growth at 33.13 per cent Aided by roaring equity markets, National Pension System (NPS) assets under management (AUM) recorded a robust 27.85 per cent y-o-y growth as of April 20 at ₹ 11.73 lakh crore (₹ 9.17 lakh crore), latest PFRDA data showed.....

Ho says Taiwan has sufficient capacity that can be allocated to India, which has designing capability and market demand Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, Chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs.   Manufacturing semiconductors – used in electric and hybrid cars, drones, and communication devices – is f…

"India, a bordering neighbour to China, has seen a similar threat from TikTok and taken similar action, is going to be potentially relevant in some of the court filings to show that this is not simply some unique feature of America's viewpoint on China,” Carr said in an interaction with ET. US Federal Communications Commission (FCC) commissioner Brendan Carr said that India’s swift and preemptive action against TikTok could be a feature that plays out in American courts as the ByteDance-o…

The CFS issued a warning against the sale and purchase of MDH's Madras Curry Powder and Sambhar Masala, as well as Everest's Fish Curry Masala MDH, an Indian spice king, has strongly denied allegations of pesticide contamination following reports from food safety regulators in Hong Kong and Singapore. The controversy erupted when the Center for Food Safety (CFS) in Hong Kong detected ethylene oxide—a prohibited pesticide—in various pre-packaged spice products from MDH and another Indian bran…

Nearly 77 out of 100 proposed in first phase ready and commissioned...

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....

Qatar’s LNG production capacity expansions are being driven by a stronger global LNG demand growth outlook, stated Fitch Solutions in its latest report. Recently, QatarEnergy announced the addition of the greenfield North Field West (NFW) LNG project, which is estimated to have a 16 mtpa LNG production capacity, which comes as an addition to the North Field East (NFE) and North Field South (NFS) projects that are currently underway....

Katrina Mankani is an accomplished leader in the UAE's educational sector- she is the Managing Director and Director of Positive Education at Fortes Education, a Dubai-based K-12 and pre-school operator. Within Fortes Education, Mankani is also the Managing Director of its pre-school chain, Jumeirah International Nurseries (JINS), and a leader of the Positive Education initiative at its schools (Sunmarke School and Regent International School). Each of these roles showcases her commitment to in…

The World Economic Forum has signed an agreement with the Saudi Space Agency to establish the Centre for Space Futures, set to open this autumn. The center, to be hosted by the Saudi Space Agency, aims to facilitate public-private discussions on space collaboration, incorporating best practices from the forum and its communities into the global space sector, and generating forward-looking contributions to accelerate space technologies. “The center is committed to fostering a vibrant, prosperou…

Revolving credit facility (RCF) worth SAR 10bn will support short-term financing requirements as NEOM moves forward in the development of major projects, including Trojena, THE LINE, Oxagon, and the soon-to-open luxury island destination, Sindalah NEOM today announced it has secured a new revolving credit facility (RCF) worth SAR 10 billion. It represents another milestone for NEOM as it progresses with the development of major projects and will be used to support NEOM’s short-term financing r…

5-6 MayMadinat JumeirahDubai Prepare to witness history as the Dubai FinTech Summit,organized by the Dubai International Financial Centre (DIFC),returns in 2024 for a ground-breaking second edition. This global milestone in financial innovation goes beyond an event, markinga new era in the FinTech industry.... More https://dubaifintechsummit.com/

25 & 26 May 2024 Fairmont Bab Al Bahr, Abu Dhabi, UAE Transcending Therapies, Driving Technologies The conference aims to draw specialized speakers from different facets of medicine, to interact with each other, share advancements and best practice of their profession and how can urology patients receive a wholesome treatment. IUCC 2024 will delve into the multifaceted realms of Urology, with a dedicated focus on pivotal pillars such as Uro-Andrology, Uro-Radiology & Emergency Medicine, Uro-Tech…

Achievement exemplifies Abu Dhabi's vision to become a top maritime city globallyMarking a significant step in maritime prominence, Abu Dhabi has secured its place within the top 25 of maritime cities worldwide, jumping an impressive 10 places since 2022, to reach position 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC) Report, unveiled in Singapore. The LMC report, a bi-annual benchmarking study jointly produced by DNV and Menon Economics, a…

In a groundbreaking move to uncover concealed narcotics, Dubai Customs officers successfully intercepted an attempt by a female African traveler to smuggle 4.25 kilograms of marijuana through Dubai International Airport. The illicit substance was ingeniously hidden within the engine air filter compartments. Upon suspicion, the traveler's luggage underwent meticulous inspection, revealing the presence of the hidden compartments, prompting a thorough examination that revealed the illicit substance…

The Dubai Tourist Police Department at the General Department of Criminal Investigation (CID) has recently organised a workshop to raise the awareness of 107 employees of the FIVE Palm Jumeirah Hotel on smart police services, security procedures, and public safety measures. The event was organised in cooperation with the General Department of Anti-Narcotics, the Crime Scene Investigation Department at the General Department of Forensic Sciences and Criminology, the Positive Spirit Council, the D…

Dubai’s Roads and Transport Authority (RTA) has endorsed a plan to construct dedicated lanes for buses and taxis extending 13.1 km on six key streets—Sheikh Sabah Al Ahmad Al Jaber Al Sabah, 2nd of December, Al Satwa, Al Nahda, Omar bin Al Khattab, and Naif Streets. Scheduled for completion between 2025 and 2027, the project will extend Dubai's network of dedicated bus lanes to 20.1 km. His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Directors, RTA, said: "The dedi…

15-17 May 2024Queen Sirikit National Convention Center Bangkok, Thailand  Hosted by the Ministry of Energy of the Kingdom of Thailand and co-hosted by PTT Group and EGAT, the Future Energy Asia Exhibition and Summit, incorporating Future LNG Asia and Future Mobility Asia, will be held in Bangkok, Thailand, on 15 – 17 May 2024, convening over 22,000 international energy professionals, investors, and innovators to influence, support and deliver Asia’s clean energy vision. The events unders…

Thai Airways (THAI) has announced the sale of its entire fleet of Boeing 747-400 aircraft, marking the end of an era when its 18 aircraft once operated long-haul routes. The disposal of the aircraft, once known as “Queen of the Skies", was attributed to their ageing and in line with the airline's route strategy adjustments..... More https://bit.ly/3WcXLgC Via nationthailand.com

According to fDi Intelligence magazine, Cambodia leads amongst 10 emerging markets to attract Foreign Direct Investment in 2024. According to projections by fDi Intelligence magazine, Cambodia is poised to emerge as the top destination for foreign direct investment (FDI) in 2024, leading a group of nine other emerging markets including Philippines, Kenya, Iraq, Namibia, Kazakhstan, Azerbaijan, Morocco, Serbia, and India....

Local rubber tire producer, Đà Nẵng Rubber joint-stock Corporation and  Oceanside One Trading company from Brazil have inked an agreement on rubber tire distribution contract in Brazil and the US market, promising an increase in export turn-over from US$70 million to US$150 million per year. The contract, which was signed in the central city on April 28 on the occasion of the 35th anniversary of Việt Nam-Brazil diplomatic ties, and the on-going Brazil-Việt Nam Football Festival, marked…

The highly anticipated 10th Philippine Property and Investment Exhibition (PPIE), the Philippines’ largest international property and investment show, is set to return to Dubai on May 11-12, 2024. This year's annual event will take place at The Bristol Hotel, Deira, Dubai, aiming to spotlight the Philippines’ robust economic performance, positioning the country as a premier investment hub in the Association of Southeast Asian Nations (ASEAN) region. In 2023, the Philippines achieved remarkab…

Malaysian King Sultan Ibrahim Iskandar’s immense passion for automobiles has thrust him back into the spotlight after he recently became the first owner of the world’s most expensive car Hongqi L5, a luxury limousine made in China. The ultra-luxury sedan in retro-modern design joins the new king’s stable of over 300 luxury cars, including a Bugatti Veyron and a replica wooden car inspired by The Flintstones cartoon. The Business Times takes a closer look at six of the stand-out cars in …

Singtel on April 29 forecast non-cash impairment provisions of $3.1 billion for the second half of financial year 2024 which would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full year ended March 31, 2024.....

The digital economy’s annual contribution to the country’s economic output decreased as its growth slowed down in 2023, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the statistics agency showed the digital economy’s share to the country’s gross domestic product (GDP) went down to 8.4% last year from 8.6% in 2022, making it the lowest share to GDP since 2018....... More https://bit.ly/4ddH0YB Via bworldonline.com

SINGAPORE’S growth should strengthen to “around its potential rate” for 2024 as a whole, the Monetary Authority of Singapore (MAS) said on Friday (Apr 26), in a slight upgrade of its earlier expectations. The negative output gap – where the economy’s output is less than what it can produce – is therefore expected to narrow and close by year-end, the central bank added in its half-yearly macroeconomic review.....

The Prime Minister has committed to resuming direct flights to Thailand. But it’s not a promise he will be able to deliver on anytime soon The Prime Minister has promised to resume direct flights between Thailand and New Zealand, but neither Air NZ or Thai Airways have any plans under way to make that happen.....