Billionaire investor Warren Buffett said that the Indian market has unexplored opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore in the future".   Buffett's remarks came at Berkshire's annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world's fifth-largest economy.....   More https://bit.ly/3WmUOtY Via busi…

"Previous Indian governments have even put Chinese interests ahead of our own," he said. "I cannot, in the name of an open economy, open up my national security to work with a country which is laying claim to my territory. Both our economic and national security are at stake," the minister added. "Today, we are focused on what is good for India. This is in contrast to an earlier left-wing liberal belief that there is a bigger cause out there, which causes our national interest to take second pla…

By 2027, JSW Infrastructure anticipates a 50% increase in capacity to 258 million tonne with an investment of ₹14,000 crore Private port operator JSW Infrastructure Ltd plans to invest over ₹2,500 crore in fiscal year 2025 to expand its cargo handling capacity, said Arun Maheshwari, joint MD and CEO of the company told Mint.....

Secure IOT is now being pitched to electronics manufacturers, ODMs and other mid-market customers in India and abroad For the first time, a microprocessor chip designed, owned, and marketed from India is set to be out in the open market and will soon power smart electronic devices....

Telcos’ add 5.6 million active users in March; highest in 1 year Airtel added 2.8 million active users, taking its total active user base to 385.4 million, according to the data. Telecom service providers saw a surge in active subscribers in March, adding 5.6 million new users, the highest in a year, according to a data from the Telecom Regulatory Authority of India (Trai).

The mobile app, which has been pegged as a chat assistant, is built on the company’s own large language model that can assist people as a writing tool to generate content Ola founder Bhavish Aggarwal’s Krutrim, India’s first AI unicorn platform, has launched its standalone android app and has opened up its cloud platform, Krutrim Cloud to enterprises, researchers, and developers. With this, Ola Krutrim will compete with Microsoft Azure, Google Cloud, and Amazon Web Services....

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,...

21-23 May 2024 ADNEC Centre, Abu Dhabi ISNR Abu Dhabi is the region’s most trusted platform bringing together national & cyber security officials, buyers, and all supply chain stakeholders from public and private sectors, to conduct business, enhance industry leadership and showcase innovation to discuss & influence future projects. ISNR will once again be a driving force in helping shape innovation in national and cybersecurity.... More https://www.isnrabudhabi.com/

Brazil’s biofuel market is set for substantial growth as UAE’s Mubadala Capital has committed to invest $13.5 billion over the next decade. Oscar Fahlgren, head of Brazil strategy at the sovereign wealth fund, disclosed the budget for the initiative during an interview with the Financial Times. He divulged the details of the fund’s plans to produce renewable diesel and sustainable aviation kerosene primarily utilizing non-food plant matter.....

Saudi banks and the capital market are poised to make substantial contributions alongside the Public Investment Fund in achieving the objectives of Vision 2030, stated a report by S&P Global.  The latest analysis by the global rating agency underscores that their involvement in the Kingdom’s economic diversification endeavors will enhance leverage in both the Saudi private sector and the broader economy.....

Red Sea Global (RSG), the multi-project developer behind regenerative tourism destinations The Red Sea and AMAALA, has officially revealed the name and designs of its golf course and clubhouse on Shura Island at The Red Sea set to complete and open in full in 2025.  Shura Links promises a one-of-a-kind golf experience, offering Saudi Arabia’s first 18-hole island golf course with holes on the water, marina views and spectacular fairways framed by the Red Sea.  Developed in partnership with w…

- Bahrain will be first destination served by the Emirates A350, introducing Premium Economy seats on Middle East/GCC regional routes for the first time - Emirates Premium Economy seats will be available on 42 destinations* by February 2025   Emirates has today announced the first set of destinations to be served by its A350 aircraft entering service in September 2024. With 10 new A350s expected to join the Emirates fleet by 31 March 2025, the airline plans to deploy its latest aircraft type…

Dubai Police announced its participation in the highly anticipated Arab Travel Market 2024 exhibition, which will commence tomorrow, Monday, at the Dubai World Trade Centre. During this remarkable event, Dubai Police will showcase eight specialized services dedicated to ensuring the safety and security of the emirate's tourists and visitors.  Brigadier Harib Al Shamsi, Acting Director of the General Department of Criminal Investigations at Dubai Police, reaffirmed Dubai Police's commitment to p…

All Customer Happiness Centres are set to transform into 'Smart and Hybrid' centres by next year - Al Tayer Dubai’s Roads and Transport Authority (RTA) has embarked on Phase II of Upgrading Customer Happiness Centres Development Project. This phase involves converting Umm Ramool and Al Barsha Centres into hybrid centres. The move is part of RTA’s master plan to enhance its electronic and digital service offering in line with the UAE's Digital Government Strategy, Dubai Government's “360 Se…

Saudi Arabia’s fintech sector has made significant strides as it nears its goal to become a regional financial hub, according to a report by Arthur D. Little.   In its latest study titled “Realizing Potential of Fintech in Kingdom of Saudi Arabia,” the international management consulting firm highlighted the rapid growth and innovation within the sector, spearheaded by initiatives such as Fintech Saudi.....

Key Rent a Car, a top player in Saudi Arabia's car rental market, has launched its Monthly Key Subscriptions Service, reshaping the Saudi Arabian car rental landscape. This service, now nationwide, offers a flexible, budget-friendly alternative, emphasizing convenience and aligning with contemporary demands for flexibility and value.                 “We understand modern drivers crave options, value, and seamless experiences," said a spokesman at Key Car Rental. "Our Monthl…

The award recognizes stc Group as the leading telecommunications company spearheading digital transformation and enhancing connectivity in the Middle East. Economy Middle East awarded stc Group the "Telecom & Digital Service Provider of the Year" at its 2024 summit. Held in Abu Dhabi on 1 May, Economy Middle East brings together a number of Ministers and industry experts from across the private and public sectors under the theme "Accelerating Future Growth". The program focuses on addressing the…

Taiwan-based Bank SinoPac has announced plans to acquire Amret Plc., one of Cambodia’s ten largest financial institutions. SinoPac have reportedly agreed to pay approximately $543 million, or around 1.8 times the company’s book value. Amret began as a small French-run NGO, offering microfinance loans in just three rural provinces in Cambodia, with a view to supporting local entrepreneurs through access to credit. In 2000, it became a private limited company, receiving its MFI license from th…

The government will allocate RM9.5 million to implement a new cocoa plantation project and cocoa farm recovery project, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.  Johari said the new cocoa plantation will cover an area of 350 hectares, while the cocoa farm recovery project will encompass 2,126 hectares....

Danish jewellery maker Pandora will break ground on its $150 million factory inthe southern province of Binh Duong on May 16, according to the Danish Embassy in Hanoi. The jewellery crafting facility in Binh Duong is Pandora's third facility in the world and the first production facility built outside of Thailand. Located in Vietnam-Singapore Industrial Park 3 (VSIP 3), the factory will have an annual capacity of 60 million pieces of jewellery and create jobs for more than 6,000 craftspeople...…

Local raw sugar production in the current crop year expanded to 1.86 million metric tons (MT), surpassing the previous crop year’s entire output, due to more sugarcane milled and better sweetener content. Latest data from the Sugar Regulatory Administration (SRA) showed that raw sugar output in crop year 2023-2024 as of April 14 was 3.6 percent higher than the 1.8 million MT output in the previous crop year......

The tills are not ringing like they used to and the footfall has eased at Singapore’s prime shopping belt in Orchard Road, but a home-grown technology start-up is hoping it can chart a new way for retailers there to draw the younger crowd. The firm, Alteredverse, has teamed up with the Singapore Land Authority (SLA) and the Institute of Technical Education (ITE) to create a virtual replica of the Orchard Road shopping belt....

Tourism Malaysia and the Malaysia Aviation Group (MAG) have announced the signing of a Memorandum of Understanding (MoU) (30.04.24), marking a significant step in a three-year partnership. This MoU signifies the commitment from both parties to reinforce Malaysia as the gateway to Asia and beyond and position Malaysia as a preferred tourist destination in the global economy. The MoU was signed between Tourism Malaysia's Deputy Director-General (Promotion II), Mr. Lee Tai Hung, and the Chief Comme…

The governments of the Philippines and Cambodia have concluded the double taxation agreement (DTA) in a bid to improve trade and investment system mechanisms. In a statement, the Department of Finance (DOF) said it led the conclusion of the draft DTA that aims to protect Filipinos’ taxing rights and increase trade and investment across economic borders....

Việt Nam has been applying itself to making institutional, infrastructure, and manpower improvements in efforts to attract more foreign investment, especially in such big industries as electronics and semiconductor, said Deputy Minister of Planning and Investment Đỗ Thanh Trung. He made the remark at the Government’s regular press conference on May 4 in response to the media’s question about some large foreign businesses’ interest in the Vietnamese market....

South Korea has become the fourth member of the Digital Economy Partnership Agreement (Depa) founded by Singapore, New Zealand and Chile. Depa, which came into effect in January 2021, establishes key rules on digital trade and economic collaborations on issues such as digital identities, cross-border data flows and artificial intelligence to help businesses, especially smaller ones, engage in digital trade and electronic commerce.....

Ninety-eight per cent of respondents in Malaysia have expressed that having a sense of purpose in their work is important to them. However, only 27 per cent feel very satisfied in their current roles of meaning at work, according to a survey by Job_that_makesense Asia and global recruitment agency Manpower....