India

The Remakers of Beauty Industry What's the secret sauce behind a perfect partnership? It's a clear match between the values and thoughts both of them have and who better than your spouse acting as your perfect partner. When you are talking to Vineeta Singh and Kaushik Mukherjee you know you are talking to two individuals who work as a team and who have a mission of building together a global beauty enterprise out of India. These two self-aware people know what drives them and that their core mis…


2024-03-29

The problem is that Pakistan needs India far more than India needs Pakistan. The Indian economy is stable and India remains deeply reluctant to open its markets to other developing countries Pakistani Finance Minister Ishaq Dar raised more than a few eyebrows last week when he said — almost as an aside — that his country’s new government would “seriously look into matters of trade with India”. .... More https://bit.ly/3VAIPZi Via business-standard.com


While KPMG - part of the Big 4 consulting firms - and another American major Mckinsey & Company, are undergoing a retrenchment exercise in major economies, in India most of the prominent consulting firms are in hiring mode. The mood has been sombre at leading global consulting firms like KPMG and McKinsey in some of their major global markets. Two of the leading consulting firms have cut down on their workforces in key markets like the US and Australia, among others, due to their change in strat…


2024-03-29

Reliance will pick up five crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value ₹10 at par ( ₹50 crore) In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use....


Strong domestic demand, pick-up in exports coupled with a steady GDP growth aids the positive trend The benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651, up 0.9 per cent. The Nifty rose 0.9 per cent to 22,326....


The largest IPO of FY24 was Mankind Pharma (₹4,326 crore), followed by Tata Technologies (₹3,043 crore) and JSW Infrastructure (₹2,800 crore). At the other end, the smallest IPO was from Plaza Wires raising just ₹71 crore followed by Vibhor Steel (₹72 crore) As many as 76 Indian corporates raised a cumulative amount of ₹61,915 crore through main board public issues or initial public offers (IPOs) in the financial year 2023-24, which was 19% higher than the ₹52,116 crore mobilised b…


2024-03-28

Israel Aerospace Industries has launched its Indian subsidiary, Aerospace Services India, with plans to set up a large-scale hub for MRO of defence equipment in Gurugram. In line with the Indian government’s Make-in-India initiative, Israel Aerospace Industries has launched its Indian subsidiary, Aerospace Services India, with plans to set up a large-scale hub for maintenance, repair and overhaul (MRO) of defence equipment in Gurugram, the Indian subsidiary’s top official said in an intervie…


List features large-caps, frequently traded and ill-liquid scrips BSE and the National Stock Exchange (NSE) will roll out same-day settlement of securities for the cash equity market starting Thursday. The bourses have put out a list of 25 common scrips that will be settled on the same day on an optional basis. These are all large-cap names and include Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, Cipla, Divi’s Laboratories, Hindalco Industries, JSW Steel, LIC Housing Finance, …


2024-03-28

Call for Application - GIA Mumbai Acceleration Programme Mar 31 2024, Sunday10:00 PM - 11:00 PM Singapore Startup Reseau, and Online - Singapore Organised by Startup Réseau, the GIA Mumbai Acceleration Programme is aimed at Singapore startups looking to expand into India through Mumbai. Sectors of focus include enterprisetech and fintech. Apply by 31 March 2024! More https://bit.ly/4cBrMfA Source SG Innovate


2024-03-27

Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal & Railways and Telecom Minister Ashwini Vaishnaw among those who will discuss India's developed-nation roadmap at Business Standard As India turns 100 — 23 years from now — it intends to mark the milestone as a developed country. Leading personalities from the government, policy-making, economy and India Inc will discuss the road map to that milestone at the inaugural edition of the annual Business Standard summit, Busine…


Middle East

"I believe understanding your passion and ikigai, investing in continuous learning, and building a supportive network are extremely important for the path to success." When she was a student of computer engineering, D14.AI founder Melda Akin remembers working on solving extremely difficult optimization, prediction, and scheduling problems that could be solved by heuristics and combinatorial optimization approaches, all of which -she explains for us ordinary humans- are the types of problems th…


Dubai-based school operator Taaleem Holdings said Thursday that its revenue for the first half of the fiscal year surged 15% year-on-year to $149.4 million (AED 548.7 million), thanks to robust growth in enrolment numbers and the addition of more schools to its network. Financial performance During the first six months of the fiscal year that ended February 2024, the company's net profit, excluding the impact of one-off deferred tax liability, stood at $37.8 million (AED 138.8 million), Taaleem…


2024-03-29

The UAE and Saudi Arabia have been ranked first and third respectively in the Global Entrepreneurship Monitor report for 2023-2024. The report, which assesses the entrepreneurial ecosystems of countries worldwide, is highly regarded by international bodies such as the World Bank, International Monetary Fund and various UN organizations,...


2024-03-29

Moment marks significant milestone for Red Sea Global, as it opens first direct international connection to The Red Sea destination. New twice-weekly service, operated by flydubai, commences from DXB to RSI on 18 April. Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, has announced it is preparing to welcome its first international flight to Red Sea International Airport (RSI). Operated by flydubai, the flight will arrive from Dubai Internation…


2024-03-29

The initiative was taken to ensure a seamless transition by exempting qualifying businesses on Al Reem Island from paying any fees to obtain an ADGM commercial licence until 31st October 2024.  Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, has recently concluded a series of focus group meetings with businesses located on Al Reem Island. The objective of these meetings was to gather insights into the specific requirements, concerns, and challenges the…


2024-03-29

e& enterprise and The National Health Insurance Company – Daman, part of PureHealth, the largest integrated healthcare platform in the Middle East, today unveiled the innovative Hyakum Digital Booth, a visionary concept designed to redefine health insurance accessibility and improve customer service in the United Arab Emirates. The ‘Hayakom Digital Booth’, a first in the global health insurance sector, ushers in unparalleled 24/7 insurance service accessibility. This pioneering venture is …


2024-03-29

Further guidance helps Dubai businesses adhere to single use plastics ban that came into force on 1 January 2024 Dubai Municipality (DM) has published additional guidance for businesses on the single use plastics ban that was issued in January following a resolution by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai’s Executive Council. The resolution was introduced to protect the environment by minimising plastic waste through changin…


2024-03-29

Dubai’s Roads and Transport Authority (RTA) has completed the Ras Al Khor Road Widening Project from 3 to 4 lanes along a 3 km stretch in both directions. Works extend from the Bu Kadra intersection to the Al Khail Road intersection. RTA will widen the collector road for turns on Ras Al Khor Road in the direction of the Dubai-Al Ain Road from one to two lanes by the start of April.  This project is part of RTA's efforts to upgrade Dubai's infrastructure, particularly in areas experiencing rap…


According to information obtained by Al- Jarida daily from a reliable oil source, the merger between Kuwait National Petroleum Company (KNPC) and Kuwait Integrated Petroleum Industries Company (KIPIC) is progressing rapidly, reports Al-Jarida daily. The merger procedures are expected to conclude at the beginning of the next month, coinciding with the retirement of KIPIC’s CEO, Walid Al-Badr, by the end of the current month.....


2024-03-28

Asian and Australian businesses helped fuel a 550 percent annual rise in small and medium enterprises setting up in Dubai in 2023, according to a report. The emirate’s international chamber has revealed 104 SMEs were attracted to Dubai in the 12 months to the end of December, a development that underlines its ambitions to double the size of the emirate’s economy and consolidate its position among the top three global cities....


South East Asia

2024-03-29

Business consultant firm Grant Thornton Indonesia, in collaboration with Katadata Insight Center, forecasts a robust surge in Indonesia's Gross Domestic Product (GDP) growth, ranging between 5.3 percent and 5.7 percent for the year 2024. This upswing is attributed to heightened consumer spending linked to both the electoral process and the upcoming Eid al-Fitr holiday.....


2024-03-29

Some cliam new ruling is unclear  Hoteliers say it is unfair to apply the minimum wage hike only to the tourism industry as the recovery has been uneven among targeted destinations. The tripartite wage committee approved raising the minimumwage to 400 baht for four-star hotels in 10 major tourism cities, starting from the Songkran holiday..... https://www.bangkokpost.com/business/general/2767243/hotels-chafe-at-targeted-wage-hike


2024-03-29

New vehicle sales jumped by an annual 23.2% in February, the fastest growth in seven months, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). The industry report sent Tuesday night showed that vehicle sales increased to 38,072 units in February from 30,905 units in the same month a year ago..... More https://bit.ly/4aa9xwv Via bworldonline.com


The real estate and construction sectors have been drivers of the Kingdom’s economic growth for the past two decades. They injected billions of dollars a year into the national economy, before the stalemate of the last three to four years, largely caused by the global economic downturn which was the result of the Covid-19 pandemic and geopolitical rivalry, as well as wars in several nations. As the Khmer and English language newspaper of record for more than three decades, The Phnom Penh Post …


2024-03-29

THE 2024 Bumiputera Economic Congress (KEB 2024) concluded its proceedings recently. On the final day, the chairpersons of each cluster formulated their perspectives, and the prime minister delivered the closing speech. Both deputy prime ministers expressed ideas for developing the Bumiputera community during the congress.....


Developers in Vietnam are gearing up to vie for prime land in the country’s southern hub as plans to re-auction these plots are set for this year. But don’t expect these “golden land” lots to draw the sort of eye-popping bids they did more than two years ago, said Troy Griffiths, the deputy managing director at real estate agency Savills Vietnam......


2024-03-29

08 Apr 2024, Monday4:00 PM - 6:00 PM (GMT +8:00) Kuala Lumpur, Singapore Location: Huone Theatre Room, 3D River Valley Rd, #03-01 Block D3, 179023 At the intersection of Biology and Chemical Engineering we can find today’s best chance to replace humanity’s reliance on petrochemicals: Biomanufacturing. It is a way to use living organisms to create compounds that we commonly get from petroleum. Thanks to breakthroughs in discovering pathways, genetic engineering, and bioprocessing, we can leve…


2024-03-29

The Monetary Authority of Singapore (MAS) today issued a Notice [1] to extend, for a further six months until 30 September 2024, the suspension of the use of channels that are not specifically permitted (non-specified channels [2]) by remittance companies when transmitting money to persons in the People’s Republic of China (PRC).Since the suspension was first implemented on 1 January 2024, MAS has not received reports of monies remitted to China through the specified channels subsequently b…


2024-03-28

A Korean delegation comprising representatives of leading businesses such as Hyundai Motor, CJ Group and Booyoung Group sought investment opportunities in Cambodia, mainly in the digital and technology sector, vehicle assembly factories and manufacturing of value-added products. The delegation opened about this during a courtesy call to Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC) on Tuesday.... More https://bit.ly/3xat6WJ Via …


2024-03-28

The Vietnam – Canada Joint Economic Committee opened its second meeting in Hanoi on March 27, looking to enhance trade and investment collaboration.In his opening remarks, Minister of Industry and Trade Nguyen Hong Dien affirmed that the two countries have witnessed quantum leap in the relations, ellaborating trade and investment exchange has enjoyed positive growth after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to which Vietnam and Canada are memb…