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India
It can be noted that last month, Abhinandan and his brother Abhishek, who runs Macrotech Developers, had reached an out-of-court truce over the usage of 'Lodha' in branding Within a month of reaching a truce with his elder sibling, Abhinandan Lodha on Tuesday launched a new identity for the holding company housing all of his businesses. The holding company has been rechristened as "Abhinadan Ventures" from "Lodha Ventures" earlier, as per a statement.... More https://bit.ly/3GSwHxD Via business…
The initiative is expected to draw ₹26,000 crore in investment, create 5,000 direct jobs, and 30,000 indirect jobs Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday announced a strategic plan to develop a port-based economy harnessing the state's 1,000-kilometre-long coastline, establishing ports or fishing harbours at every 50 km interval....
· At WTO, India warns the US of retaliatory duties on American imports over steel, aluminium tariffs https://bit.ly/3SyJ9Fb · Airtel’s Q4 profit soars 432% to ₹11,022 crore, driven by tariff hikes, India momentum https://bit.ly/3SnxGZf · Exide plans to increase revenue from lead-acid batteries biz to ₹20,000 crore in 2-3 years, says MD https://bit.ly/42UhsN9 · Dr Reddy’s stepping up focus on Indian market https://bit.ly/438a4MV · …
Hyatt India MD Sunjae Sharma reveals plans to open 10 hotels annually from 2025, expand into new cities and launch more brands like Destination by Hyatt and Standard. With 100 hotels targeted by 2030, Hyatt is betting big on domestic tourism and rising demand in tier 2 and leisure destinations....
Many suggest that geopolitical relations between India and the United States played a role in facilitating the tieups between Starlink and the Indian telcos Will the entry of Elon Musk’s Starlink disrupt India’s broadband universe dominated by telcos? That question has kept analysts busy after Starlink, a fully-owned subsidiary of SpaceX —majority owned by Musk — got the go-ahead from the Department of Telecommunications (DoT) last week to start its satellite broadband service in the cou…
RBI norms disallow banks to own subsidiaries which are active in same segment of lending as the bank Japanese major Sumitomo Mitsui Financial Group (SMFG) may merge its Indian non-bank arm SMFG India Credit with YES Bank after its group entity SMBC completes acquiring 20 per cent stake in YES Bank, sources told businessline.....
· All 32 airports reopened for operations after ceasefire with Pakistan: AAI https://bit.ly/3YCjJKs · LTIMindtree lands record $450-million deal with agribusiness giant https://bit.ly/3GSLgBd · Ather Energy reports 29% revenue growth, narrows losses in Q4 https://bit.ly/43bpOil · Suzuki Motor expects to grow 1-2 per cent in India in FY26 https://bit.ly/4kfiSrm · ACME Solar commissions 52.5 MW in Rajasthan as part of Larger 300 MW p…
India's insurance industry, with cumulative premiums of $130 billion, is entering a new era of growth, marked by big M&As, the expected entry of more foreign players, and tech-led disruptions. Who will come out on top? More https://bit.ly/44uSNQx Via business-standard.com
IHCL has two luxury hotels in the US - The Pierre in New York and Campton Place in San Francisco. Together these have around 300 rooms and contribute to around 10 per cent of IHCL’s consolidated Indian Hotels Company Limited’s (IHCL) US business has recovered and its two properties are not seeing any softness in demand, managing director & CEO Puneet Chhatwal has said......
· UAV companies gear up as Indo-Pak drone warfare marks a new era of combat https://bit.ly/437chIw · Investors’ interest piques up in defence tech sector https://bit.ly/3H2e0r4 · Biocon bullish on US market share with over 70% payer access https://bit.ly/44RIeHx · Swiggy claws back market share in Q4 https://bit.ly/4kdfM7d · US hotels showing growth: IHCL MD & CEO Puneet Chhatwal https://bit.ly/42UUpli · Travel fir…
Middle East
Saudi Arabia now accounts for half of Radisson Hotel Group’s Middle East portfolio, as the Kingdom cements its role as a global priority for the hospitality giant. The company currently has 100 hotels either open or under development across the region, with 50 of them located in Saudi Arabia, revealed Radisson’s top executive in an interview with Arab News on the sidelines of the Future Hospitality Summit in Riyadh.....
- HUMAIN will operate and invest across the AI value chain - PIF contributes to positioning Saudi Arabia as a globally competitive AI hub His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and Chairman of the Board of Directors of PIF, today announced the launch of HUMAIN, a PIF-owned company. HUMAIN will operate and invest across the artificial intelligence (AI) value chain as a unified operating company. Chaired by HRH the Crown Prince, HUMAIN …
- Villa Coconut announces expansion into the UAE with its first location outside of Egypt - The opening in Dubai will take up a prime position in Dubai International Financial Centre (DIFC) TLT Concepts, the creative lifestyle and hospitality company behind some of Egypt’s most celebrated destinations introduces its first Dubai venture, Villa Coconut DIFC. Nestled in the heart of Gate Avenue, DIFC, the new venue brings together Mediterranean dining, curated entertainment, and immersive design …
With global travel at an all-time high, Emirates has confirmed its busiest year for baggage handling yet. Between April 2024 and March 2025, Emirates has handled more than 2.8 million bags each month, averaging at 100,000 per day, from Dubai to 140 global destinations. These figures mark a 3.7% increase in total bags on last year. Despite its complex operation, Emirates has maintained a 99.9% baggage handling success rate from its Dubai hub. Emirates’ excellent statistical record for baggage …
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), welcomed a high-level delegation from the Republic of Korea, headed by Prof Won-Soo Kim, Rector of the Global Academy for Future Civilisation at Kyung Hee University, and Prof Yeo Hwasoo from the Korea Advanced Institute of Science & Technology (KAIST). The meeting was attended by representatives of Korean universities and research centres, as well as DEWA officials including Waleed bin Salman, Executive Vice…
- Initiative is part of the DIFC Sustainable Finance Catalyst and is supported by 29 founding partners - ‘1 Million Learners’ aims to equip a skilled workforce capable of driving sustainable economic growth - Initiative reflects DIFC’s commitment to shaping a financial ecosystem that supports environmental and social responsibility “DIFC is proud to be leading the way in advancing sustainability in the region. The ‘1 Million Learners’ initiative is a testament to our belief that re…
Emirates is the world’s largest operator of international First Class travel - offering 26,800 seats a week and the largest inventory of international First Class seats in the industry, entirely comprised of private suites. Emirates continues to refine its First Class ‘Fly Better’ experience, with an array of new enhancements for First Class customers; from keepsake menus to gloved service, luxurious lounge-inspired check in areas in Dubai, to the memorable ritual of unlimited caviar onb…
Join a global network of Pro AV innovators and connect with MEASA’s booming markets 13 - 15 May 2025 Dubai World Trade Centre This landmark event unites the brightest minds and leaders in Pro AV and system integration, drawing key buyers from diverse sectors, including retail, hospitality, healthcare, education, media, and government, across the MEASA region. More https://bit.ly/42WJszN
729 participants benefited from the chamber’s digital upskilling programmes “We are continuing to support the development of a fully integrated digital ecosystem, built on world-class infrastructure and forward-looking legislation. Our aim is to foster the growth of emerging and established digital companies and enable their global expansion from Dubai.” H.E. Al Olama - The chamber organised 12 international roadshows to showcase Dubai’s advanced digital business ecosystem and promote t…
It’s back, JLT’s annual survey has returned and this year the prizes are bigger and better than ever! JLT, Dubai’s most soulful neighbourhood, is inviting residents and visitors to share their thoughts and experiences in the upcoming JLT Survey, running from 12 May to 26 May 2025. The JLT Survey offers more than just a chance to help shape an authentic community; it’s also an opportunity to win exciting prizes from beloved JLT businesses. From dining experiences at local favourites lik…
South East Asia
At the core is India’s generous treatment of agricultural income, which remains completely tax-free. No income tax, almost negligible GST, and no PAN required for small cash deposits. Forget tractors. India’s wealthy are driving luxury SUVs straight into farmhouses to harvest a different kind of crop: tax breaks.... More https://bit.ly/4j5UvLV Via businesstoday.in
A new entity, Singapore GasCo Pte Ltd (Singapore GasCo), has been established to centralise the procurement and supply of natural gas to the power sector in Singapore. Natural gas today accounts for around 95% of Singapore’s electricity generation. As we push ahead with Singapore’s energy transition towards net-zero by 2050, natural gas will continue to play a crucial role in safeguarding our energy security and supporting an orderly transition. Singapore GasCo, a fully Government-owned enti…
- This new facility adds to DP World’s total warehousing capacity in Asia Pacific region, which now stands at more than 800,000 sqm. - The company has taken major strides in the past year to boost its Asian network, with acquisition of Legend Global Logistics, Cargo Services Far East and Savan Logistics. DP World, the international supply chain solutions business, today announced the opening of its first ever logistics asset in Singapore. Strategically located in the city-state, which is the…
Emirates, the world’s largest international airline, officially opened its first Emirates World retail store in Singapore today, reaffirming its commitment to delivering an elevated customer experience alongside world-class products and services in one of Southeast Asia’s most dynamic markets. Centrally located at Odeon 333, just across the street from the iconic Raffles Hotel, the Emirates World store offers customers expert travel planning and advice, delivered by dedicated consultants. Th…
The local cement industry is expected to rebound in the medium term as infrastructure spending remains strong and housing demand continues to rise. Speaking at its 2025 annual stockholders’ meeting on Monday, Concreat Holdings Philippines (CHP) president and chief executive officer Herbert Consunji said the country’s cement market is poised to recover despite currently facing short-term pressures. Consunji said cement demand softened in 2024 due to lower prices, imports, and global uncertain…
This Decree covers regulations on the regulatory sandbox mechanism in the banking sector for the deployment of new products, services, and business models via the application of financial technology or fintech. Fintech solutions eligible for testing under the sandbox mechanism include: a) Credit scoring; b) Data sharing via open application programming interfaces (Open API); c) Peer-to-peer (P2P) lending. The Decree shall be applicable for the following entities: Credit institutions and foreign …
This reverses February’s 3.5% decline he Republic’s retail sales rose 1.1 per cent in March, reversing February’s 3.5 per cent decline, data from the Department of Statistics (SingStat) showed on Monday (May 5). Excluding motor vehicles, retail sales rose 0.7 per cent year on year, compared with a decrease of 6.5 per cent in February..... More https://bit.ly/4jX29c6 Via businesstimes.com.sg
- Projects include the extension of Pier 3 berth, yard expansion, the addition of two new quay cranes, and the purchase of eco-friendly landside equipment. - Pier 3 berthing space has been extended to over 600 metres, with a depth of 13 metres; complemented by two new Ship-to-Shore cranes which are among the biggest deployed in the Philippines. - Expanded container yards now have static capacity of more than 20,000 TEUs. - Latest projects increase MSH’s annual throughput capacity by 25% to nea…
The company will also look to acquire assets where it can hold a majority stake and operate the acquired port Adani Ports and Special Economic Zone (APSEZ) , which manages four overseas ports in Israel, Sri Lanka, Tanzania and Australia, is planning to acquire more international port assets located in Africa and South-East Asia, the company officials said.....
BUSINESS dynamics are changing, and Malaysia must continue to reassess its value proposition as the competition for foreign direct investment (FDI) intensifies. This week, German tyre giant Continental announced that it will discontinue its tyre manufacturing operations at its Alor Setar, Kedah, plant by the end of 2025, after 46 years of operation....