Unicorns, or companies valued above a billion dollars, have been finding it difficult to raise capital in the last 12-18 months of the funding winter Unicorns on deal street are finding little love, as investors chasing rising valuations hitch their wagons to smaller startups. Founders, investors and bankers noted greater interest in companies valued up to a billion dollars, while those above $2 billion find few takers. There were 318 deals in companies valued below $1 billion this year against…

Experts say the objective of JioCinema's Rs 1 a day pricing is to increase the subscriber but it has to be matched by a high volume of content Not entirely unexpected, JioCinema has unleashed its new pricing. The OTT platform has been among the last entrants to the space and in a market with established players – both in terms of content and subscriber base – this does remind one of what parent, Reliance had done with the telecommunications sector in 2016.....

The steady rise in Currency in Circulation at 15 per cent compounded annual growth rate in seven years (FY17-FY24), reflects a strong economic performance, and signals a boom cycle, according to CMS’ Consumption Report for 2024 The steady rise in Currency in Circulation (CIC) at 15 per cent compounded annual growth rate (CAGR) in seven years (FY17-FY24) reflects a strong economic performance, and signals a boom cycle, according to CMS’ Consumption Report for 2024.....

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…

Saudi utility firm ACWA Power has expressed interest in investing $10 billion in Malaysia over the next 10 years to develop renewable energy projects.  According to a report by the Malaysian National News Agency Bernama, ACWA Power will collaborate with Cypark Resources Bhd on the developments.....

The Saudi documentary film "Horizon" has won the prestigious Platinum Hermes International Creative Award for 2024 in the Strategic Campaigns Category. The film faced tough competition from several other renowned international works. Produced by the Konoz Initiative, one of the initiatives of the Government Communication Center of the Ministry of Media in collaboration with the National Centre for Wildlife (NCW), the film showcases a diverse range of wildlife, including the dugong (sea cow), dol…

His Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Prince of Qassim Region, conducted a field visit to the Sukhaybarat Mine in the Uqlat Al-Suqur Province. This visit is part of his continuous efforts to promote sustainable development in the region and strengthen the mining sector as a core component of the local economy. Upon his arrival, HRH the Prince was welcomed by Ma'aden CEO Bob Wilt, along with several company officials, where he explored the mining operations and …

Following the successful inaugural edition in 2023, this year's event is scheduled for June 4 and 5, 2024, at the French Ministry of the Economy, Finance, and Industrial and Digital Sovereignty in Paris. Business France, the national agency supporting to the international development of the French economy, has announced the second edition of Vision Golfe, an annual event that fosters trade cooperation between France and the Gulf Cooperation Council (GCC) countries. Following the successful inau…

The gross assets of UAE banks rose 12% year-on-year to touch $1.1 trillion (AED 4.2 trillion) in February, the Central Bank of the UAE (CBUAE) said in a statement on Monday.   UAE banks' gross assets The total assets in February are compared to $1.02 trillion (AED 3.7 trillion) for the same period a year ago. On a monthly basis, UAE banks' total assets grew by 2.2%, the CBUAE added.....

4 - 6 JUNE 2024Dubai World Trade Centre A global meeting hub of Hospitality and F&B industry in Dubai, a gateway to discover the latest trends, connect with industry experts, and explore cutting-edge solutions that drive success in this dynamic sector. An platform for renowned brands worldwide to engage with top tiering brands and suppliers in the region offering the best in F&B, hospitality technology and other services..... More https://www.thehotelshow.com/

- DIFC records highest gross written premiums in its 20-year history at close to USD 2.6bn in 2023, up 23 per cent from USD 2.1bn in 2022. - Premium brokered in DIFC crossed USD 2bn in 2023, up 61 per cent from USD 1.2bn in 2022. - 20-year record high consolidates DIFC’s position as principal global insurance and reinsurance hub. - Centre marks 20 per cent year-on-year registration growth in insurance and reinsurance firms establishing in DIFC.  - Demand drives significant Managing General Ag…

In line with its standing commitment to uphold the highest standards of asset sustainability, enhance customers’ happiness, and foster well-being, Dubai’s Roads and Transport Authority (RTA) carried out extensive sidewalk maintenance works across the emirate. The project, which is undertaken under the Preventive Maintenance Plan 2023, spanned more than 80,000 square metres, encompassing residential, tourist, commercial, economic, and coastal areas all over Dubai.  The maintenance works unde…

As Cambodia’s tourism sector is recovering with a significant surge in foreign tourist arrivals, several airlines have expanded their networks and enhanced connectivity to the Kingdom. On May 1, Emirates Airlines will start flying between Dubai and Phnom Penh. The airline said the new route will create more opportunities for travellers to explore diverse and culturally rich destinations..... More https://bit.ly/3UjMJUe Via khmertimeskh.com

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....

Malaysia Aviation Group (MAG) takes a significant step forward today with the official launch of its new MAB Academy campus and the groundbreaking of its Flight Simulator Building at the South Support Zone, Sepang. This landmark event underscores MAG’s unwavering commitment to advancing aviation excellence and shaping the future of the industry through its training arm, MAB Academy.  The ceremony was marked by the groundbreaking ceremony of the MAB Academy’s state of-the-art flight simulato…

As Cambodia’s tourism sector is recovering with a significant surge in foreign tourist arrivals, several airlines have expanded their networks and enhanced connectivity to the Kingdom. On May 1, Emirates Airlines will start flying between Dubai and Phnom Penh. The airline said the new route will create more opportunities for travellers to explore diverse and culturally rich destinations..... More https://bit.ly/3UjMJUe Via khmertimeskh.com

The northern province of Thai Binh always accompanies and creates the best conditions for enterprises, including those from the Netherlands to invest in and run long-term and effective business in the locality, Secretary of the provincial Party Committee Ngo Dong Hai has affirmed.At an investment and trade promotion conference held by the province's delegation in Leeuwawarden city, Friesland province on April 25, Hai highlighted that Thai Binh, boasting sound investment climate with various in…

There was also a preview of chef Chele Gonzalez’s new restaurant, Asador Alfonso. If there’s a collective name for a group of famed chefs, then the word ‘galaxy’ springs to mind. That was clearly the case at a gathering in Manila to celebrate a decade of a Gallery by Chele, a restaurant led by Chele Gonzalez – and preview his imminent opening, Asador Alfonso. Galaxy as in stars, thanks to the multiple Michelin accolades held by guest chefs who attended from around the world. There we…

THAILAND’S finance ministry on Monday (Apr 29) revised down its economic growth forecast for this year to 2.4 per cent, but said it could reach 3.3 per cent if the government’s 500 billion baht (S$18.37 billion) stimulus plan is deployed in the fourth quarter as planned. The ministry said the economy had seen weaker exports and manufacturing output but was still stable despite the downward revision from the 2.8 per cent expansion seen in January, with growth likely to be driven by disburseme…

Move comes amid shifting employment landscape as rapid technological advancements have disrupted jobs and workplaces AS SINGAPORE’S employment landscape continues to transform, the labour movement will help workers develop their skills and adapt to new job opportunities to ensure no one is left behind, National Trades Union Congress (NTUC) president K Thanaletchimi and secretary-general Ng Chee Meng said on Tuesday (Apr 30).....

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…