India

The finance ministry is also likely to raise the CPSE dividend estimates by Rs 5,000 crore to around Rs 53,000 crore for the current fiscal in the full budget to be presented in July..... The dividend, if it happens, will mark the highest payout in five years. According to a Bloomberg report, a meeting of RBI's board of directors is set to convene this week and is expected to approve a dividend. A larger dividend payout is projected to assist the government in meeting its fiscal deficit target o…


2024-05-22

Adani Group is planning to invest up to $3 billion in the next two years to expand international ports business, primarily via acquisitions as the Ahmedabad-headquartered conglomerate aims to create a prominent presence in the crucial international business route connecting Europe and the US traversing Central and West Asian nations To capitalize on the rising demand for iron-ore and coal imports and for exports of finished goods, the Adani group has readied a $3-billion war chest to expand its…


To curtail dependence on China, a string of companies are going full steam to boost domestic production   EV sales are revving up as India pivots to cleaner technology. But the mega-scale action is behind-the-scenes as a string of giants from Reliance and JSW to the Tatas pour billions into manufacturing EV battery cells and batteries. The stakes are high with India’s EV market at an inflection point...  


Here are six Indian gins that are making waves. We are witnessing an Asian craft spirit movement led by independent distillers from Singapore to Japan. Among them, India is leading the way with gin expressions. Gin was never India’s favoured drink, but preferences have since changed. “India has always been a dark spirit market, led by whisky, dark rum and dark brandy. In 2011, gin was less than one per cent of the spirit market,” said Khalil Bachooali, co-founder of Tamras, a citrus-led In…


2024-05-21

Those opposing the ex-ante legislation wanted the deadline for submitting responses, which was May 15, to be extended by two to six months. But the MCA has not agreed New battle lines are being drawn in the world of technology. On one side are the global Big Tech companies: Google, Apple, Meta, and Amazon, who oppose the draft Digital Competition Bill, an ex-ante legislation to control the growing concentration of market power, and supplement the Competition Act..... More https://bit.ly/44RJ9pd…


Multibagger stock: Data Patterns shares stock closed 4.14% higher at Rs 3320.35 on May 19 against the previous close of Rs 3188.50 on BSE. Market cap of the firm climbed to Rs 18,588 crore in the previous session. Shares of Data Patterns are in focus on Tuesday after global brokerage Jefferies assigned a buy call to the multibagger stock post Q4 earnings. The brokerage raised its target price to Rs 4,135, mentioning that earnings before interest, taxes, depreciation, and amortization (EBITDA) in…


2024-05-21

The government has conducted inspections at the two companies and recommended corrective measures after tests revealed elevated levels of the cancer-causing chemical in products exported to Singapore and Hong Kong, said officials familiar with the matter. The Indian government has taken action against spice-exporting companies Everest and MDH, conducting inspections and recommending corrective measures after tests revealed elevated levels of ethylene oxide, a cancer-causing chemical, in product…


In an interview with businessline, Finance Minister Nirmala Sitharaman spoke about the way forward for crypto currency Q. Your government has been against the crypto currency as it believes that it is not a stable asset. RBI is on the same page. SEBI is believed to have represented to the panel on crypto regulation that it should have multiple regulators. What is the situation? Even before G20 and since 2020, we had discussions about it in the Finance Ministry. RBI is also having its own view o…


2024-05-20

PM Narendra Modi assertion follows assurances by 3 senior ministers Prime Minister Narendra Modi, in a television interview telecast on Sunday, said the stock market would have a strong run once the election results are out. “You see, the day election results come out, and throughout that week, those who punch trades will get tired,” Modi said, responding to a question about whether the markets were displaying nervousness regarding the election outcome after pricing in the return of the incu…


2024-05-20

- Rajnish Kumar and Mohandas Pai have decided to snap ties with Byju’s likely on account of it getting embroiled in litigation - The advisory panel comprising Kumar and Pai was constituted in July last year following a series of board exits and mounting financial woes Rajnish Kumar and T.V. Mohandas Pai do not intend to continue on the advisory panel of Byju’s parent company, Think & Learn Pvt. Ltd, after their one-year tenure ends on 30 June, presenting the latest setback to the embattled o…


Middle East

2024-05-21

History whispers inspiring tales through generations, ensuring that these stories live on. In Najran, southern Saudi Arabia, these narratives find a vibrant voice in the region's heritage palaces. Standing strong despite the passage of time, these structures serve as powerful testament to the ingenuity and artistry of Najrani people in a bygone era. These are not mere buildings; they are portals to the past. Intricate decorations, sturdy construction methods, and an overall sense of grandeur spe…


2024-05-21

- In a historic moment for women’s tennis, PIF will serve as the first-ever naming partner of the WTA Rankings - PIF and WTA will also work together to enhance and develop initiatives to support players at all levels The Public Investment Fund (PIF) and the WTA have today unveiled a multi-year partnership that will support their shared ambition to grow women’s professional tennis and inspire more women and girls around the world to take up the game. The partnership will also enhance and deve…


2024-05-21

Yara Aldrees, Environmental Planning & Appraisal Manager at Red Sea Global. Nestled along Saudi Arabia’s beautiful coastline and islands lies a remarkable ecosystem of mudflats. Found in shallow waters where the land meets the sea, mudflats are not mere patches of mud but thriving ecosystems, teeming with life. They are home to an array of unique and resilient species, each adapted to the challenging and ever-changing conditions of the intertidal zone. As the tides ebb and flow, the mudflats t…


2024-05-21

The first day of the Future Aviation Forum 2024, held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, organized by the General Authority of Civil Aviation (GACA) in Riyadh on May 20-22, witnessed the announcement of 47 memoranda of understanding (MoUs), agreements, and deals worth $19 billion. These included aviation services, aircraft purchase orders, cargo and logistics services, advanced air navigation, human resources development, and informati…


2024-05-21

The MoU underscores the airlines’ commitment to collaborate and support Vision 2030 The collaboration will include training in technical, aviation, ground operations, management, language and regulations, as well as executive education and coaching Riyadh Air and Saudia Academy, a subsidiary of Saudia Group, announced a strategic collaboration Memorandum of Understanding (MoU) to enhance aviation training capabilities across the Kingdom. The signing took place at the Future Aviation Forum in R…


2024-05-21

Zero emissions during operation contributes significantly to reducing the carbon footprint of maritime activities SAFEEN Group, part of AD Ports Group (ADX: ADPORTS), has announced it is trialling an electric tug within their Marine Services fleet, the first of its kind in the Middle East, which will be deployed at AD Ports Group’s flagship facility, Khalifa Port. Unveiled during the 27th International Tug & Salvage Convention, Exhibition & Awards 2024, Dubai, the Damen RSD-E Tug 2513 is an a…


2024-05-21

In an innovative move reflecting the UAE’s commitment to government readiness for the future, the Government Development and the Future Office launched the Executive Framework for Future Institutional Readiness, which aims to future-proof and enhance the resilience of UAE government entities. The launch event saw the participation of over 150 government officials from 91 federal government entities.   Her Excellency Ohood Khalfan Al Roumi, Minister of State for Government Development and the …


2024-05-21

Celebrating International Tea Day on 21 May, Emirates and their esteemed tea partner of three decades- Dilmah, share expert insights into the art of food and tea pairing onboard, in Emirates Lounges across the world, and at home. Tea pairing is a sensory experience that explores the dynamic between the aromas and flavours found in both tea varieties and food. A well-matched tea can balance and even accentuate the culinary flavours of a dish or can be used to create an interesting contrast on th…


2024-05-21

The 115th Premium Vehicle Number Plates Open Auction, held by Dubai’s Roads and Transport Authority (RTA) has raised AED65.588 million, marking a significant 28% increase compared to the previous auction's AED51.216 million. Held at the Hilton Dubai Al Habtoor City, the auction saw plate (AA16) as the highest seller, fetching AED7,320,000. It was followed by plate (AA69) which sold for AED6,000,000, and plate (AA999) which garnered AED4,050,000. RTA offered 90 fancy plates for bidding in this …


2024-05-20

Tabuk region, gracing the northern coast of the Red Sea, boasts stunning beaches with pristine coastlines and captivating views. Among these treasures lies Zaem Beach, a jewel north of Al-Wajh that attracts visitors with its unique charm. Zaem Beach unfolds along a picturesque semi-circular bay where gentle waves lap the shore. Tourists flock here to relax under umbrellas and comfortable seating, while children delight in the toys provided. Palm trees and other greenery add a touch of tranquilit…


South East Asia

2024-05-22

Tenaga Nasional Bhd (TNB) says electricity demand, an indicator of Malaysia's economic performance, has grown 3.8 per cent in Peninsular Malaysia and Sabah in 2023, compared to the previous year's 6.1 per cent.  TNB chairman Datuk Abdul Razak Abdul Majid said the growth was supported by strong demand in both domestic and commercial segments at 5.5 per cent and 9.9 per cent growth respectively.....


2024-05-22

The United States government could extend its assistance to the Philippines in doing the feasibility study for the Luzon Economic Corridor, officials from both governments said on Tuesday. On the sidelines of the 6th Indo-Pacific Business Forum in Taguig City, Department of Trade and Industry (DTI) Secretary Alfredo Pascual said the US Trade and Development Agency (USTDA) could provide a grant to the Philippines for the feasibility study of the latest economic corridor under the G7 countries’ …


As more Indonesian companies look to tap into China’s surging demand for bird’s nests, this is set to revitalise its economy Indonesia’s prominence as a significant exporter of edible bird’s nests is poised for further growth with surging demand from China. Indonesian officials said that more companies are likely to begin selling bird’s nests to China this year, which means that the South-east Asian country’s role as a major source market is poised to get even larger. Agus Karyono, …


The 211 passengers and 18 crew on board are now in Bangkok, to where the flight was diverted A BRITISH man has died and multiple people were injured on Monday (May 20) on board a Singapore Airlines (SIA) flight which encountered severe turbulence as it made its way from London’s Heathrow Airport to Singapore. The national carrier said in a Facebook post that flight SQ321 encountered “sudden extreme turbulence” over the Irrawaddy Basin at 37,000 feet, about 10 hours after departure. The riv…


2024-05-21

Prime Minister Srettha Thavisin has hosted discussions with leaders from the Italian fashion and technology sectors, tabling plans to enhance bilateral cooperation and promoting investment in Thailand. Srettha engaged with Carlo Capasa, Chairman of the National Chamber of Italian Fashion, a major organization in the development of Italian fashion and the coordination of Milan Fashion Week. During the meeting, the prime minister suggested a joint training program in Italy for young Thai designers…


2024-05-21

In response to the growing popularity of digital payments, the National Bank of Cambodia (NBC) has called for all banks, financial and payment service institutions to bolster their capacity for responding to cyberattacks and enhance their customer support mechanisms for resolving digital payment fraud. NBC Governor Chea Serey made the call during the launching ceremony of the Financial Stability Review 2023 on Monday.... More https://bit.ly/4dKWt2H Via khmertimeskh.com


2024-05-21

Exporting creative goods generates billions of dollars for Vietnam each year, but understanding of this economy is still in its very preliminary stages. A recently launched report conducted by the Central Institute for Economic Management (CIEM) and in collaboration with the German International Cooperation Organization (GIZ) has highlighted some of the strengths, weaknesses, opportunities, and challenges for creative economic development in Vietnam....


2024-05-21

The government is raising the country’s biofuel blend – more than a decade after it last adjusted the mix rates – to reduce the prices of various fuel products in the market. The Department of Energy (DOE) yesterday issued the necessary guidelines for the implementation of the higher biodiesel blend in diesel and bioethanol mix in gasoline.....


Exports growth driven by higher shipments of machinery, chemicals and palm oil products Malaysia’s exports grew 9.1 per cent year on year (yoy) in April to RM114.7 billion (S$33 billion) after two consecutive months of contraction, said the Department of Statistics Malaysia on Monday (May 20). While the final export figure reversed March’s 0.8 per cent decline, it undershot an earlier forecast of 14.1 per cent by 13 economists in a recent Reuters poll.....


The integrated resort operator posted positive earnings growth for Q1 following tourism boost, mirroring peer Marina Bay Sands PLANS are afoot for new casinos to open in South-east Asia, but analysts say Singapore-listed casino and integrated resort (IR) operator Genting Singapore : G13 0% is unlikely to be badly hit by the increased competition. They note that the group has consistently booked healthy gaming and non-gaming revenue, and that Singapore’s tourism industry has been robust..…