Gautam Singhania announced his separation from Nawaz Modi Singhania on November 13, following which Modi asked for 75 per cent of his $1.4-billion personal wealth for herself and their two daughters as settlement. Raymond Group Chairman and Managing Director (CMD) Gautam Singhania and his estranged wife, Nawaz Modi, have reportedly initiated settlement talks on the back of ongoing separation proceedings.  Gautam Singhania announced his separation from Nawaz Modi Singhania on November 13, follow…

Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, Monday said the company is considering bringing 10 million merchants by 2025 on the government-backed Open Network for Digital Commerce platform, adding that the firm has seen close to 11.8 million customers routed to its product from the platform, news agency PTI reported....

In this episode of businessline’s State of the Economy Podcast, the host, Parvatha Vardhini, talks to Anuj Kapoor, MD, and CEO of Private Wealth and Alternatives Asset Management at JM Financial. With over 26 years of experience in financial services, he shares valuable insights into the current state of the equity markets.

- Agency concluded accusations weren’t relevant, official says - US extended loan to Adani Group for Sri Lanka port project The US government concluded that short-seller Hindenburg Research’s allegations of corporate fraud against Indian billionaire Gautam Adani weren’t relevant before extending his conglomerate as much as $553 million for a container terminal in Sri Lanka, a senior US official said. Allegations in a scathing report by US-based Hindenburg Research, which erased around $100…

Adani group flagship Adani Enterprises hit a 10 per cent upper circuit limit at Rs 2,584.05 on BSE. Adani group stocks rallied in Monday's trade, in line with a broader rally in the share market, amid hopes the BJP government may win the third term in the general elections due next year. The Adani group flagship Adani Enterprises hit a 10 per cent upper circuit limit at Rs 2,584.05 on BSE. Shares of Adani Green Energy Ltd climbed 14.75 per cent to hit a high of Rs 1,178 on BSE. Within minutes in…

The American hardware and services company also expects the first wave of gen AI enterprise projects to reach maturity levels next year New technology certifications and standards that are being developed in India are opening up fresh business opportunities for Dell Inc., Peter Marrs, the American hardware and services company’s president for Asia-Pacific and Japan, and John Roese, its global chief technology officer, said at a media roundtable on technology trend projections for the next year…

BJP sweeps the Hindi heartland, Congress wins Telangana The tidings of a saffron storm emanated from the Hindi heartland on Sunday with the BJP decimating the Congress in the Assembly elections held in Rajasthan, Madhya Pradesh and Chhattisgarh, just six months ahead of the general elections in 2024. Losing out in the straight contest with the BJP, the Congress only managed to trounce the provincial Bharat Rashtra Samithi (BRS) in Telangana....

The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar Adani Group plans to spend $84 billion on infrastructure over the next decade, reported Bloomberg. The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar (ADAW.NS), its joint venture (JV) with Singapore's Wilmar International , in the next three months, said Jugeshinder Singh, the group's chief financial officer, on the sidelines of an event in Mumbai.....

Ashishkumar Chauhan, MD & CEO of NSE, talks about the economy, markets, DPI, the role of exchanges, bringing more investors into the market, and more India’s capital markets are counted among the most well-regulated and stable ones globally. The National Stock Exchange (NSE) is right at the top globally in terms of the number of trades that take place on it. NSE MD & CEO Ashishkumar Chauhan, 55, wants to focus on the bigger role that bourses can play in the overall economic development of Indi…

With India predominantly importing lithium, efforts aim to diminish the ₹24,000 crore annual bill from China. India is in the final stages of securing lithium from Argentina. In all likelihood, it would be collaborating with a Catamarca-based state mining company, CAMYEN, for supplies from the Latin American nation, sources aware of the development said. However, it could take another least six months before some finalisation on the arrangement happens.....

"As we progress towards a more sustainable financial landscape, DIFC remains committed to fostering access to more sustainable funding. The allocation of up to 20 percent of the AED 1 billion Dubai Future District Fund represents our dedication to driving growth and supporting sustainability-focused tech and innovation ventures. Collaborating with the Dubai Future Foundation as founding partners exemplifies our unified pursuit of shaping the future of finance and innovation. This initiative is a…

Dubai’s Roads and Transport Authority (RTA) has endorsed the ‘Dubai Portfolio for Public-Private Partnership (PPP) (2024-2026),’ encompassing 10 projects with an estimated value of AED2.5 billion. The move is in line with Dubai Government's strategy to foster public-private partnerships aimed to boost the emirate's economic growth by expanding the role of the private sector in the development of infrastructure and the delivery of services. His Excellency Mattar Al Tayer, Director General, …

Saudi Arabia's sovereign fund, the Public Investment Fund (PIF), signed on Monday a definitive agreement to purchase a minority stake in British hotel chain Rocco Forte Hotels, to further bolster its investment portfolio in the hospitality sector.   Rocco Forte hotels Following the transaction, the Forte family will maintain a majority ownership and control over its cluster of hotels, resorts, and villas located across the UK, Italy, Germany, Russia, and Belgium, according to a statement rele…

- Airlines signed an MoU to offer a comprehensive range of benefits for guests travelling between the Kingdom of Saudi Arabia, Türkiye and points beyond. - Broader strategic benefits also expected along the value chain include aviation related services, cargo and digital development. - First major agreement for Riyadh Air with an airline outside Saudi Arabia and was signed on the sidelines of ICAN 2023 in Riyadh. Turkish Airlines (TK) and Riyadh Air (RX) have agreed a Strategic Cooperation Memo…

Biodiversity solution will eventually treat 16,000m3 of wastewater a day and create a natural carbon sink. Red Sea Global (RSG), the multi-project developer behind the world's most ambitious regenerative tourism destinations, has partnered with Saudi-listed ACWA Power, the world’s largest private water desalination company and leader in energy transition, to develop more than 20 acres (83,367m2) of new wetlands through its sustainable approach to utilities.   The announcement was made today a…

- DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub. - Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030. - The Sustainable Finance Catalyst aims to support 1 million future sustainability leaders by providing easy access to curated sustainability training programmes, knowledge and toolkits, networking and events. - 20% of Dubai Future District Fund allo…

The Legal and Financial Committee of the Municipal Council, during its meeting to be headed by Fahad Al-Abduljader on Sunday, will discuss the letter submitted by the National Fund for Small and Medium Enterprises regarding the exemption of small and medium-sized enterprises from municipal fees for activities on public roads, squares, sidewalks, and public squares. It will also discuss the proposed ministerial decision regarding the list of fees for the services provided by the municipality.....

The Dubai Police, represented by the People of Determination Empowerment Council, fulfilled the wish of a student with hearing disabilities and provided her with a unique opportunity to experience a day in the life of a police officer. This unique experience included a custom-made police uniform, ride-in luxury patrols, and visits to Dubai Police's various police stations and general departments. Colonel Omar Musa Ashour, Deputy Director of Naif Police Station, warmly welcomed Maitha Yousuf Ahme…

The announcement of the winner was made during the closing ceremony held at the Museum of the Future in Dubai on November 20, 2023. Lebanon-based startup Dooda Solutions has been declared the winner of the 2023 installment of the PepsiCo Greenhouse Accelerator Program: MENA Sustainability Edition, with it receiving a cash prize of US$100,000....

This year has seen Middle Eastern celebrities increasingly find their footing in the worlds of fashion, beauty, and jewelry as brand ambassadors and campaign models. In February 2023, Tiffany & Co. tapped Lebanese singer Nancy Ajram as its newest face, joining other ambassadors that include, Zoë Kravitz and BTS’ Jimin. In May, Egyptian-Montenegrin actress Tara Emad was named CHANEL’s first Middle East brand ambassador for fragrances and beauty.....

Exports of footwear and related items from Cambodia to international markets during the first 10 months of 2023 totalled nearly $1.1 billion. The figure represents a significant decrease of nearly 25% compared to the same period in 2022. The exports constituted almost 6% of the country’s total exports, according to the General Department of Customs and Excise (GDCE)....

Allowing the import of completely built-up (CBU) cars with small engine capacity will lead to the dumping of such vehicles in the local market and hamper the government's goal of developing the local automotive industry, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.... More https://bit.ly/4a7z75C Via nst.com.my

Top agricultural and rural development lender Agribank remains unwavering in pursuing its green banking strategy to contribute to the sustainable development of Vietnam. In the National Strategy on Green Growth for this decade and beyond, green credit and green banking will play an important role. Deeply aware of the risks posed by a multitude of climate change challenges to the Vietnamese agriculture industry, Agribank is determined to lead the implementation of the State Bank of Vietnam’s di…

Jhoanna Ballaran, a Manila-based journalist working for a Japanese news agency, dedicates almost half of her day going through the internet. As a reporter, Ballaran has to monitor national issues all the time, requiring her to stay online in messaging channels like Viber and WhatsApp to keep herself up to speed.....

Deforestation and biodiversity loss need to be addressed in tandem with carbon emissions DIRECTORS who fail to identify their companies’ impact on nature and address the resulting risks could face legal consequences for breaching their duties, according to a new legal opinion in Australia. While the opinion was focused on Australia, Singapore directors should pay heed. Forest and biodiversity conservation in South-east Asia are coming under greater scrutiny, and companies here are behind the…

As the government tries to woo foreign firms to invest here, green energy policies have become a crucial lureThe government of Prime Minister Srettha Thavisin has visited several large conglomerates over the past few months in an effort to increase foreign direct investment (FDI), notably in digital and high-tech...link:https://www.bangkokpost.com/business/general/2697954/tempting-tech

The National Bank of Cambodia (NBC) and the State Bank of Vietnam yesterday launched the cross-border QR code payment linkage in a boost to business and tourism in both countries. The launching ceremony was held in Siem Reap in the presence of Chea Serey, Governor of NBC, Nguyen Thi Hong, Governor of the State Bank of Vietnam and representatives of various partner banks..... More https://bit.ly/46C3jmk Via khmertimeskh.com

Indonesia is trying to ramp up its infrastructure development to make the archipelagic country more attractive to global investors. Indonesia over the past years has been intensifying its infrastructure works to cut logistic costs, among others, President Joko “Jokowi” Widodo said on Monday.....

Malaysia's retail industry achieved a better-than-expected growth rate of 2.7 per cent in retail sales in the third quarter of 2023 compared to the same July-September period in 2022. Retail Group Malaysia (RGM), in its latest November industry report today, said the performance was above market expectation.... More https://bit.ly/3uJfzUQ Via nst.com.my

Vietnam is among the 10 biggest producers of construction ceramics and has the fourth largest ceramic tile output, according to Deputy Minister of Construction Nguyen Van Sinh. The ceramic industry contributes more than three billion USD to Vietnam’s Gross Domestic Product (GDP) annually.  In addition to serving domestic market demand, Vietnam-made construction ceramic products have been exported to many regions and countries around the world, such as ASEAN, Northeast Asia, America, and Eu…