India

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…


In a career spanning nearly four decades, Uday Kotak, a first-generation entrepreneur, has not only created a bank of size but also built an institution, which offers a wide range of financial services, from asset management and insurance to securities Halfway up the Godrej BKC tower in Mumbai’s financial capital, on the 10th floor, you can find Uday Suresh Kotak, 64, seeking new challenges instead of planning a holiday. Over nearly four decades, Kotak, as the Founder, MD & CEO of Kotak Mahi…


2024-03-27

The company’s India unit is planning to invest ₹8,000 crore over a period of five years, starting next financial year  India's significance in GE HealthCare's global supply chain is set to enhance further with its India unit announcing plans to invest ₹8,000 crore over the next five years, starting next financial year, Peter J. Arduini, president and chief executive, GE HealthCare, said in an interview.....


ONDC is a crucial platform that brings together several FPOs to help sell their products India has proven that digital inclusion can unlock unprecedented opportunities for value creation in the entire economy. This is made possible by the foundations of access to the internet and telecom and digital identity as Digital Public Infrastructure over the last decade, laying the groundwork for financial inclusion and market integration....


What makes their "natural" unique? "Our commitment extends beyond marketing rhetoric, emphasising daily freshness straight from our Ayurvedic kitchens," says Das "All good things are born out of habits and we aim to make natural living a habit in every Indian home," recounts Swagatika Das, Co-Founder, Nat Habit, giving a glimpse into the brand's etymology. This is not surprising, considering natural wellness was ingrained in her courtesy of her medicalagricultural family background......


2024-03-26

In a historic first, Mumbai has dethroned Beijing as Asia's billionaire capital, with a staggering 92 billionaires compared to Beijing's dwindling 51 This phenomenal rise is mirrored by India's addition of 94 new billionaires in a single year, surpassing China's 55 and solidifying India's position as the second-largest contributor to the global billionaire population. With 271 billionaires, India is now the third-ranked country globally, surpassing Germany..... More https://bit.ly/3VxLJ0M Via b…


Middle East

2024-03-28

Dubai Electricity and Water Authority (DEWA) is committed to spreading and localising knowledge, as well as enhancing Dubai’s position as a centre for a knowledge-based society and economy. DEWA cooperates with the concerned entities to stimulate a knowledge and creative environment, according to the best international practices and standards. DEWA also encourages the creative capabilities of its employees, as this represents one of the critical guarantees of progress and future excellence. DE…


2024-03-28

Emirates has commenced the activation of its fuel agreement with Neste this month at Amsterdam Schiphol Airport. Over 2 million gallons of blended SAF will be supplied into the fuelling system at Schiphol Airport over the course of 2024. The airline will track the delivery of SAF into the fuelling systems and environmental benefits using standard industry accounting methodologies. Emirates’ partnership with Neste, announced late last year, represents one of the largest volumes of SAF that the …


2024-03-28

Marking a decade of artistic excellence, World Art Dubai (WAD), the region’s largest contemporary art fair, is poised to present its most ambitious edition at Dubai World Trade Centre from 2nd to 5th May 2024. This year, in partnership with Dubai Culture, WAD invites art enthusiasts to embark on a journey through a decade of artistic evolution, offering an unparalleled experience of art from around the globe, emphasising its commitment to making art even more accessible to a wider audience.Dub…


2024-03-28

The Department of Suspects and Criminal Phenomena in the General Department of Criminal Investigation at Dubai Police, in collaboration with Dubai Police stations, apprehended 202 beggars in the first half of the holy month of Ramadan as part of the anti-begging campaign launched by Dubai Police in cooperation with strategic partners. Source Dubai Police


2024-03-28

RTA becomes the first organisation worldwide in the roads and transport industry to obtain such certification Dubai’s Roads and Transport Authority (RTA) has been certified as compliant with ISO 29994:2021 standards. In the process, RTA is marked as the first organisation worldwide in the roads and transport industry to obtain such certification. Nabeel Yousuf Al-Ali, Director of Driver Affairs, RTA’s Public Transport Agency, said, “Obtaining this ISO certification in training passenger tr…


Workinton Qatar, a leading provider of dynamic workspace solutions including Doha’s leading coworking locations in West Bay, M7, Lusail and at Alfardan Center has launched three new products designed to meet the evolving needs of modern businesses. The introduction of Suites, Enterprise, and Starter Office marks a significant step forward in providing customizable and efficient workspace solutions for businesses sizes.....


2024-03-27

The Public Establishment for Industrial Estates “Madayn" has officially launched its geographic information system (Explore), marking a significant step in its ongoing efforts to provide an attractive investment environment and promote project localisation across diverse sectors. The system, which was launched under the auspices of Eng. Dawood bin Salim Al Hadabi, CEO of Madayn, aims to assist investors in pinpointing the available investment opportunities in the industrial cities. Eng. Aliaa …


2024-03-27

Egypt has started paying off dues owed to foreign oil and gas companies operating in the country, the government said on Tuesday, with sources saying that up to $1.5 billion had been set aside for the payments.  A cabinet statement said the payment process that had already begun accounted for about 20 percent of arrears owed to the companies, adding that the remainder would be paid off through a scheduled plan....


2024-03-27

The UAE’s real estate markets experienced robust growth across four key emirates, with total transactions reaching 765.1 billion dirhams ($208.34 billion) in 2023, driven by 193,500 deals.  This steady growth highlights the real estate sector’s contribution to the national economy and its increasing appeal, demonstrated by a significant rise in both local and international investor interest.....


Dawrat is an online marketplace gathering workshops and courses taught in Arabic, combining training center, trainers, educational event organizers and online course providers all in one platform. Launched in 2011 by Mohammad Al Suraye and Yousef Bonashi, Dawrat is an online marketplace gathering workshops and courses taught in Arabic, combining training center, trainers, educational event organizers and online course providers all in one platform.....


South East Asia

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…


2024-03-28

MMAG Holdings Bhd (MMAG) is banking on its aviation arm, MMAG Aviation Consortium Sdn Bhd (MAC), to unlock its next growth phase and play a key role in unleashing Malaysia’s potential as a regional air cargo hub. MMAG said this followed the investment of more than RM150 million to fuel the growth of its aviation business.....


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


2024-03-28

The Innovation and Technology Support Program of the Intellectual Property Office of the Philippines (IPOPHL) saw last year’s filings from members jump to a record-high as more universities and colleges joined the program. Data from the Documentation, Information and Technology Transfer Bureau show that the aggregate IP filings of Innovation and Technology Support Offices (ITSOs) — higher education institutions (HEIs), state universities and colleges (SUCs) and other institutions part of the…


2024-03-27

Indonesia is preparing itself to become a digitalised nation, a forward step aimed at integrating technology into various aspects of daily life and government sectors. This effort includes several key initiatives designed to strengthen digital infrastructure, enhance digital literacy among the population, and promote innovation and economic growth....


2024-03-27

In an endeavour to propel districts toward a more digital state, Thailand is actively pursuing various initiatives, one of which involves fostering innovation through collaborative efforts. This endeavour encompasses a wide array of entities, stakeholders, public sectors, and even the populace itself. One notable initiative in this regard is the development of the digital volunteer network (VSO) for 2024......


Cambodia has become a key exporter in the global food security landscape, exporting upwards of 650,000 tonnes of milled rice over 2.7 million tonnes of unmilled rice to more than 50 destinations in 2023.  As a key food producer, the Kingdom has established a long-term vision to enhance its contribution to global food security......


2024-03-27

A joint study by The World Bank and Bank Negara Malaysia (BNM) has found that a hypothetical 1-in-20-year flood could cost Malaysia up to 4.1 percent of gross domestic product (GDP) in 2030, and up to a 2.2 percentage point increase in unemployment rate. The 128-page report entitled "Managing Flood Risks - Leveraging Finance for Business Resilience in Malaysia" is a first attempt to assess the macroeconomic and financial sector impact of flood events, despite the limited availability of granular…


Vietnamese ride-hailing firm Green and Smart Mobility Joint Stock Company (GSM) could invest as much as $500 million in setting up its operations in the Philippines, according to the Board of Investments (BOI). BOI told the BusinessMirror that GSM plans to roll out 15,000 electric vehicle taxis in the country within two to three years......