RIL share price target: Motilal Oswal ascribed an equity valuation of Rs 810 per share to RJio and Rs 1,593 per share to Reliance Retail and Rs 37 per share towards the new energy business. It suggested a target price of Rs 3,245 on RIL. Reliance Industries Ltd (RIL) reported largely inline March quarter results, with a beat on Ebitda. Among segments, Retail Ebitda was a miss on lower revenue, but it was offset by better O2C on higher utilisation and improved refining. Jio and Upstream numbers …

Indian frequent travellers to benefit from the multi-year visa The EU has eased Schengen visa rules for Indians allowing frequent travellers multi-entry visa for a period up to five years.   “The EU takes another step towards enhancing people-to-people contact with India. New Schengen visa regime gives Indian frequent travellers access to multi-year visa (up to 5 years.) Europe delivers on the partnership,” said Herve Delphin, EU Ambassador to India, in a social media post on X. ....

The firstever Hindi radio broadcast has started in Kuwait, the Indian Embassy in Kuwait said  The Indian Embassy in Kuwait noted that this step taken will further strengthen the ties between the two nations. In a post on X, the Indian Embassy in Kuwait stated, "Start of first ever Hindi Radio broadcast in Kuwait! Embassy of India expresses appreciation to @MOInformation for starting a Hindi programme on Kuwait Radio on FM 93.3 and AM 96.3 on every Sunday (8.30-9 pm) starting 21 April 2024, a st…

Agilitas will distribute Lotto products through online channels, standalone brand outlets and shop-in-shops with retail partners. Lotto stores will roll out in India in early 2025. Agilitas will sell footwear, apparel, accessories, and sports equipment under the brand. Agilitas Sports has acquired long-term licence rights to design, manufacture, and retail Italian sports brand Lotto in India, Australia, and South Africa from owner WHP Global....

This move comes as Tesla is expected to start importing its cars to India and make an investment in the country.  Tata Motors plans to import its Jaguar Land Rover (JLR) luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, two Indian government sources said. Tesla is also expected to start importing its cars to India and make an investment in the country, Reuters has reported, but Tata's plan if realised would make it…

Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog. According to a joint statement, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger between Dialog Axiata, the operator of Sri Lanka’s leading quad-play connectivity provider, and Airtel Lanka, which offers 5G-ready 4G network across the country.....

Launched as Dailyhunt Premium, this subscription-based offering will provide users access to premium content from international publishers in over 60 languages  VerSe Innovation, India’s biggest local language technology platform, announced its acquisition of Magzter, a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. VerSe runs new aggregator platform DailyHunt and short video platform Josh..... More https://bit.ly/4aFN62c…

The report noted that in India, where sales topped $250 million in 2022, all Cerelac baby cereals contain added sugar, averaging almost 3 grams per serving despite the World Health Organization's guidelines prohibiting added sugar in baby food. The Government of India has taken suo-moto cognisance of reports that Nestle reportedly added sugar to infant milk sold in India.....

The ambitious 50% jump in pre-tax profits from the expected $5 billion of Ebitda in FY24 follows the group’s demerger plan that entails a reorganization of its Mumbai-based Vedanta Ltd. into six separate entities based on their sectors Billionaire Anil Agarwal on Wednesday said his group’s UK-based flagship Vedanta Resources Ltd. will be achieving an annual operating profit of $7.5 billion within the next two years.....

Due diligence said to be at advanced stages, company to be valued at $430–450 million Japan’s Mizuho Bank and Dubai’s government-owned NBD Emirates are frontrunner to take over KKR’s stake in Avendus Capital. The two foreign investors are said to be at advanced stages of due diligence and are expected to submit their bids in the next 2 – 3 weeks......

Dubai’s Roads and Transport Authority (RTA) has embarked on a collaboration with Dubai Maritime Authority (DMA) at the Ports, Customs and Free Zone Corporation (PCFC) to enhance RTA’s 360 marine transport services. This initiative involves integrating RTA's services with DMA's system to enable the public to avail of services such as short-term berth rentals that allow private boats to dock temporarily at maritime stations without overnight stays. This partnership was formalised through a Mem…

After the heaviest rainfall the UAE experienced in 75 years Dubai Airports is making remarkable strides in restoring and normalising operations at Dubai International Airport (DXB). Paul Griffiths, CEO of Dubai Airports said since yesterday, ahead of its recovery schedule, DXB returned to its normal flight schedule and is back to operating around 1,400 flight movements a day. “With roads in and around the airport 100% clear of water accumulation, our manpower, logistics and facilities are oper…

- Saudi Aramco's VC arm to invest in Indian startups - It will look to invest in more than a dozen startups The venture capital (VC) arm of Saudi Aramco is building an India team and scouting for early-stage deals in the country, two people aware of the plans said, in a move to leverage India’s startup story and widen the fund’s global reach.....

“Attracting these types of multinational companies is an achievement added to Dubai’s accomplishments as the emirate continues to develop a comprehensive business ecosystem and enhance growth, innovation, and creativity.” “These efforts embody the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance the emirate’s leadership as a global capital of the digital economy.” Omar Sultan Al Olama The multin…

In a new crowning, Riyad Bank achieved the third place in the top 50 brands that in the field of social responsibility in the private sector according to the classification issued by the National Center for Responsibility and Studies in partnership with Forbes Middle East magazine. This achievement confirms the bank’s efforts in the field of social responsibility demonstrated in its program “Bukra” which is based on four main pillars: economy, knowledge, society, and environment. For the …

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has announced today that its Ports Cluster is expanding its business remit to the global distribution of marine lubricants.The announcement came following a strategic agreement inked with ADNOC Distribution, the UAE’s leading manufacturer of marine and automotive lubricants.Under the terms of the agreement, the Ports Cluster will leverage its connections and advanced infrastructure to distribute high-demand, glob…

22 April 20249:00am - 11:30amConference Hall A ADNEC TVET Leaders Forum brings together leading national and global experts from sectors including business, industry, education, and technical and vocational training. The forum aims to find solutions to the most pressing global challenges facing education and technical and vocational training, promote partnerships to support innovation, and reduce the gap between education outcomes and labour market needs. This year, the forum is being held along…

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and His Excellency Gustavo Petro, President of Colombia, have witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Colombia. The agreement was signed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and His Excellency German Umaña, Minister of Industry, Commerce and Tourism for Colombia. The CEPA with Colombia is an import…

Varys Capital (“Varys”) has partnered with FundRock Investment Management Services (ME) Ltd (“FundRock”), a fund management company, licensed by the FSRA, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market (ADGM). The feeder fund will invest its assets into a Master Fund (“Fund”), which was initially established as an early-stage, equity-focused venture fund with a mandate centered around blockchain innovation, Web3, and infrastructure. Th…

Key government, business and industry leaders attended a series of presentations and meetings in Beijing and Shanghai, organized in partnership with the China Council for the Promotion of International Trade (CCPIT) in Beijing and Shanghai NEOM has kicked off the China leg of its global ‘Discover NEOM’ tour with its showcase in Beijing and Shanghai, with over 500 senior business and industry leaders in attendance. The tour began in Beijing on April 15, followed by Shanghai on April 17. Organ…

Sales of motor vehicles in the country rose by 12.7 percent in the first quarter from a year ago, supported by strong consumer demand and improved supply. A joint report released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association yesterday showed a total of 109,606 vehicles were sold in the January to March period this year, higher than the 97,284 units during the same period in 2023....

South-east Asia’s fifth-largest economy will also offer tax breaks, subsidies and visa exemption fees to draw global tech companies With a 13 per cent market share in the global chip industry, Malaysia is set to up the ante by constructing the region’s largest integrated circuit (IC) design park. This initiative is part of the country’s strategy to advance from back-end semiconductor manufacturing to high-value front-end design work. Additionally, Malaysia’s sovereign wealth fund, Khazan…

Singapore’s shipping hub is well-placed to lead the world in digital transformation, decarbonisation and adoption of green technologies for the industry, said classification society DNV’s maritime chief executive officer Knut Orbeck-Nilssen. Initiatives on low-carbon fuels, electrification of harbour vessels and plans to establish the world’s longest green and digital shipping corridor with Rotterdam are among factors that will consolidate Singapore’s position as one of the most attracti…

LinkedIn, a professional networking platform, unveiled its list of the top 15 companies renowned for fostering career development in Indonesia for the year 2024. Leading the pack is state-owned Bank Mandiri, recognized as the best workplace for career advancement in the country.....

Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog. According to a joint statement, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger between Dialog Axiata, the operator of Sri Lanka’s leading quad-play connectivity provider, and Airtel Lanka, which offers 5G-ready 4G network across the country.....

Buoyed up by the recent spike in the two-way trade, the Royal Government of Cambodia (RGC) and the Australian Government recently reaffirmed their commitment to strengthen cooperation in key areas including investment, tourism, and agriculture while tackling the development of the Mekong-Australia Partnership (MAP). The commitment from both sides was made during the Fourth Senior Official’s Talks (4th SOTs) between Prak Nguon Hong, Secretary of State of the Ministry of Foreign Affairs and Inte…

The three-day gathering serves as a pivotal event in the beauty sector, showcasing cutting-edge solutions and technologies from leading nations, and offering a platform for businesses to extend their networks, forge new partnerships and seek international collaborative ventures. The Beautycare Expo 2024 kicked off on Thursday in Hà Nội, featuring over 250 booths from more than 15 countries and territories, hosted at the International Exhibition Centre (I.C.E) within the Vietnam-Soviet Friend…

The Lion City is keen to collaborate with South-east Asia’s 2023 star growth performer in economic transformation, renewable energy, carbon credits THE Philippines is “a very fertile ground” with a lot of potential still waiting to be tapped, and Singapore can play a role in the transformation of its economy, be it in master planning, training, or connecting local companies with global opportunities, said Singapore’s Minister for Foreign Affairs Vivian Balakrishnan.....

Condominium rents rebounded slightly in March after seven straight months of decline, supported by healthy leasing demand from renters who returned after the festive Chinese New Year period in February. Rental volumes for both condo units and Housing Board (HDB) flats recovered during the month, after falling in February. This is based on flash estimates released by SRX and 99.co on April 18.....

An exodus of Chinese real estate companies has left this Cambodian seaside resort littered with hundreds of half-finished projects. The concrete skeleton of one of these buildings stands on a piece of land owned by 51-year-old elementary school teacher Pan Sombo.....