The central bank is also due to pay the government the annual dividend in May, which will further improve the government's cash position. The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, maturing on November 4, November 14, and January 16, the central bank said....  

During a court session this week, it was revealed that the Indian company, Tesla Power India Pvt Ltd, continued to promote its products under the ‘Tesla Power’ brand despite receiving a cease-and-desist notice in April 2022, as reported on the court's website, the report added. Elon Musk's Tesla has filed a lawsuit against an Indian battery manufacturer for allegedly infringing on its trademark by using the name "Tesla Power" to market its products, on May 3. The lawsuit, heard in the Delhi …

The tenders included vanilla solar and wind, as well as innovative procurement formats, and tenders with storage components The Central Government narrowly missed its target of 50 GW for annual renewable energy tendering in 2023-24....

In recent years, India has become one of the handful of countries and regions where Apple has established new revenue benchmarks. After more than 15 years since the unveiling of the first iPhone, the device remains as the most coveted brand in personal technology in India. Apple has once again called India an exciting market for the company as it recorded yet another stellar quarter in the country. Without revealing numbers,...

UAE’s FAB meets RBI; BofA to run deal for Japanese lender; no local investor approached Within days of State Bank of India putting its 25 per cent stake in Yes Bank on the block, interest is visible from West Asia and Japan.....

Companies are utilising GCCs as a "sandbox environment" to develop PoCs that accelerate their digital journey by leveraging GenAI across relevant domains Multinationals are using their India global capability centres (GCCs) as proof-of-concept (PoC) hubs for generative artificial intelligence (GenAI) applications (apps) due to the availability of digital talent, ability to adapt to technological changes, and build scale..... More https://bit.ly/3UpF9Hv Via business-standard.com

One of the wealthiest Indians, Naoroji owns stakes across group companies that will form part of the now bifurcated Godrej Enterprises Group and Godrej Industries Group Reclusive Godrej billionaire Rishad Kaikhushru Naoroji has decided to gift most of his shares in group companies to nephews and nieces, an executive aware of the development said, in a rare instance of corporate India's super-rich leaving his wealth to relatives. Naoroji, 72, is a third-generation member of the Godrej business fa…

Google layoffs: Google has laid off around 200 employees from its core team, and the tech giant will now move some positions to India and Mexico. Alphabet Inc's subsidiary Google sacked around 200 employees from its “core team" and relocated some of the jobs overseas to cut costs as part of a restructuring process. At least 50 roles were eliminated from engineering team based at its headquarters in California....

Maruti Suzuki India's Chairman, RC Bhargava, has revealed plans for the mass production of electric vehicles (EVs) beginning in FY26. The majority of the first batch will be exported to Europe, with the domestic market receiving electric cars from Maruti only after April 2025. In the early stages, Maruti Suzuki intends to export the majority of its first batch of electric vehicles to Europe, delaying significant availability in the Indian market until after April 2025. Discussing market trends, …

GST collection has crossed ₹2 lakh crore for the first time since the introduction of the new tax regime Boosted by a strong increase in domestic demand, collection through Goods & Services Tax (GST) touched an all-time high of ₹2.10 lakh crore in April. This is the first time that collection has crossed ₹2 lakh crore since the introduction of the new tax regime on July 1, 2017.....

The volume of minerals and goods transported by Saudi Arabia Railways reached 6.34 million tonnes during the first quarter of 2024, an annual increase of 9 percent.    According to its quarterly report, SAR stated that over 2.7 million passengers utilized its services, marking a 23 percent growth compared to same period last year......

Coffee is one symbol of Saudis’ noble values like generosity and hospitality, an essential part of any meeting or gathering.Abdulaziz Al-Zamili, passionate by heritage, told Saudi Press Agency's reporter that coffee has cultural and historical connotations, and has become integral part of Saudis’ identity. People in the Tabuk area, he said, usually use dark roasted coffee beans that are left to cool for a short time and grinded before brewing for 10 minutes. Cardamom, saffron and cloves are …

Fruit and vegetable markets in Al-Ahsa Governorate are painted red with the arrival of the mulberry season.Mulberries, these small, red and black fruits pyramidal in shape, are highly sought after in the region.Prized for their visual appeal and delightful taste, mulberry trees are a staple in many Al-Ahsa households. These berries, along with a multitude of other fruits and vegetables, contribute to the region's renowned food basket. The berries' production cycle is brief, lasting only about a …

6 - 9 May 2024 Dubai World Trade Centre Over the last three decades Arabian Travel Market has become a leading global event enabling growth for the travel and tourism industry. In a world where travel transcends boundaries and business opportunities await, there is a place where global travel and tourism visionaries unite. A platform where leisure blends seamlessly with business, MICE & luxury travel and global leaders come to feel the future.  One event encompasses it all… Welcome to Arabian…

Leading real estate developer, investor, and manager, Aldar Properties (‘Aldar’) has today unveiled Athlon, a first-of-its-kind ‘active living’ concept in Dubai. Meticulously designed with principles of active living throughout, Athlon is Dubai’s first and only concept designed for the everyday movement of its residents. Featuring world-class amenities, as well as a dynamic programme of activities exclusively curated by wellness experts, the development redefines fitness-focused living…

- Klumi Ventures received first of its kind financial licence which permits the firm to invest in tokens as well as equity investments in early stage Web3 startups. - Klumi is launching a $100 Million fund tailored for emerging technologies and decentralized sectors. - Another specialised fund will be a $15 Million Qualified Investors Fund slated for pre-seed and seed investments for early-stage Web3 startups. Klumi Ventures proudly announces its achievement as the United Arab Emirates' pioneer…

20-22 May 2024 ADNEC Center Abu Dhabi EVIS - Electric Vehicle Innovation Summit is a dynamic gathering that has successfully hosted two editions, featuring a comprehensive conference, an innovative exhibition, a platform for recognizing student innovators, a tech park, a test drive area, and, starting in 2024, an OEM (Original Equipment Manufacturer) exhibition area. Focused on driving innovation, collaboration, and growth within the electric vehicle industry and e-mobility sectors, our upcomi…

Personalized supplements based on blood test data are set to become available in key Saudi cities as Bioniq brings its patented algorithm to the Kingdom.  Through a partnership with Al Borg Diagnostics, a provider of diagnostic health services in Saudi Arabia, Bioniq has set a strategic expansion plan into the Kingdom.....

Lieutenant General Sulaiman bin Abdulaziz Al-Yahya, Director General of Passports (Jawazat), has visited NEOM – the sustainable development taking shape in northwest Saudi Arabia – this week. Received by NEOM CEO, Nadhmi Al-Nasr, Al-Yahya and his delegation toured NEOM Bay Airport, along with the project’s command-and-control center and other key NEOM facilities. Al-Yahya began his visit by taking in the expanded NEOM Bay Airport, where he was briefed on its latest technologies and initiat…

Husein Salem, CEO of luxury real estate company, Ohana Development, has a vision that blends ultra-luxury living with attainability in some of the UAE’s most coveted locations. With a legacy spanning three decades and projects spread across three continents, Abu Dhabi-based Ohana Development has earned a reputation as a revered brand on the luxury real estate scene. Known for its state-of-the-art projects and customized approach, the luxury real estate developer is taking luxury living to new…

Retail sales in Singapore rose for the third month in a row, lifted by Taylor Swift’s Eras Tour performances in March, but there is concern that the trend could weaken in the coming months. Takings at the till increased 2.7 per cent in March from the year-ago period, slowing from a revised 8.6 per cent gain in February, data from the Department of Statistics showed on May 3.....

The Philippines has a huge potential to be a bigger player in the global horticulture market, Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. said on Friday, noting that the government will ramp up efforts to increase production. Laurel said he sees a promising future for Philippine exports, especially among those with “green thumbs” or have the natural abilities to grow plants. He said the Philippines can also supply plants landscaping. "Ang sabi sakin kanina for landscapi…

Indonesian furniture exporters are setting their sights on capturing 1 percent of the market share, following a significant decline in exports last year. Global furniture sales are estimated to have reached $729 billion last year, with a projected increase to $766 billion this year.....

Damage from online fraud tallied 110 million baht per day in April, down 26% from 149 million baht per day in March, thanks to concerted efforts by authorities to crack down. Prime Minister Srettha Thavisin on April 1 assigned related organisations to provide concrete results of a crackdown on rampant online fraud within 30 days.... https://www.bangkokpost.com/business/general/2786014/online-fraud-crackdown-making-headway.

Prime Minister Hun Manet expressed his intention to transform Cambodia into a country that exports raw materials and has the capacity to produce semi-finished and finished products to supply domestic and export markets, thereby enhancing people’s livelihoods. He made this statement on Thursday (May. 2) during an inauguration of the Toyota assembly plant in the Royal Group Phnom Penh Special Economic Zone.... More https://bit.ly/3JIN8KT Via khmertimeskh.com

  Exporting creative goods generates billions of dollars for Vietnam each year, but understanding of this economy is still in its very preliminary stages.   A recently launched report conducted by the Central Institute for Economic Management (CIEM) and in collaboration with the German International Cooperation Organization (GIZ) has highlighted some of the strengths, weaknesses, opportunities, and challenges for creative economic development in Vietnam.....

PHILIPPINE MANUFACTURING activity in April expanded at its fastest pace in five months amid an increase in output and new orders, S&P Global said on Thursday. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in April from 50.9 in March, marking the strongest improvement in five months or since the 52.7 reading in November 2023. A PMI reading above 50 means improved operating conditions from the previous month, while a reading below 50 shows deterioratio…

Tech giant Microsoft will invest RM10.5 billion (S$3 billion) in cloud and artificial intelligence (AI) infrastructure in Malaysia over the next four years in accelerating the country’s digital transformation. The announcement was made by Microsoft chairman and chief executive Satya Nadella, during the AI National Leadership Forum in Putrajaya on Thursday (May 2).....

As quantum computing moves out of university physics department labs and into industrial R&D facilities, a Singaporean startup is building quantum-safe cryptography to protect organisations against future cyberattacks.    The past two decades have seen quantum computing progress from a largely theoretical concept to a technology that may soon be commercially viable. Quantum computers will be able to leverage the principles of quantum mechanics to handle massive volumes of data and perform co…

Prime Minister Hun Manet has announced two significant developments in the Kingdom’s tyre manufacturing sector. He shared the exciting news as he addressed an April 28 celebration, held to observe the 138th anniversary of International Labour Day, due to be marked on May 1.....