The News As You Need
India
· 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…
Sanjay Arora, Co-founder & Managing Director of D’Decor Exports, feels that the Make in India initiative has created a strong environment for home textile players, positioning India as a global hub for high-quality, competitively priced textiles. The Indian home furnishing market— which is expected to reach $80 billion from $44 billion in 2024—is at a pivotal juncture, with consumers demanding both quality and design innovation......
Pidilite Industries plans to expand its Haisha paints brand across rural and semi-urban India while boosting newer brands like Dr Fixit and Roff. With a focus on achieving a 50:50 revenue balance between core and growth portfolios, the company eyes strong volume growth and strategic acquisitions......
Drone makers anticipate more demand for the silent, precise unmanned weapons in current conflict It was a full-scale drone war on the night of May 8. Pakistan reportedly deployed more than 300-400 drones in India’s direction, which India said it had thwarted using “kinetic and non-kinetic means”.....
ReNew Energy eyes U.S. solar module exports amid rising tariffs on Southeast Asian competitors. Backed by $100M UK investment, the firm boosts manufacturing, explores energy storage, and may sell assets to fund 13-14 GW expansion. Plans to delist from Nasdaq following takeover proposal....
IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions UK-based coworking major International Workplaces Group (IWG) plans to launch its premium brand Signature in India in the next couple of years, said Marc Descrozaille, chief executive officer for the Middle East, Africa, and APAC. This comes at a time when India’s office rental and flex space markets are expected to grow. He…
India called for urgent need to ensure moral values to be given appropriate consideration India on Friday recorded its strong objection before the International Monetary Fund (IMF) during review of Extended Fund Facility (EFF) lending program ($1 billion) and a fresh Resilience and Sustainability Facility (RSF) lending programme ($1.3 billion) for Pakistan. Though India abstained from the voting, but the proposal appears to have been approved.....
Middle East
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…
- Government services to be provided through seven specialised and unified platforms- Platforms include Dubai Now for individuals, Invest in Dubai for businesses, Visit Dubai for tourism, and four sector-specific platforms covering transportation, justice, construction, and tradeAbdulla Al Basti: The Shared Digital Channels Initiative reflects Dubai Government’s commitment to delivering a seamless, integrated digital experience through dedicated platformsMattar Al Tayer: The Shared Mobility Ch…
- 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…
The newly named PIF Global Series comprises five global tournaments and strengthens PIF’s commitment to women’s sports Total prize pool for all five events stands at $13 million, among the highest prize purses outside of the majors, elevating earning potential for professional female golfers Golf Saudi and PIF today announced the naming of PIF as title partner of a revamped global series that spans five women’s golf events on the Ladies European Tour (LET). The partnership reinforces PIF…
NEOM Investment Fund (NIF), the investment arm of NEOM, has announced a strategic investment in MemryX, a US-based leader in Edge AI semiconductor solutions. The partnership will accelerate the development and deployment of next-generation, energy-efficient edge AI accelerators which are critical to enabling the responsive and high-privacy intelligent digital infrastructure powering NEOM. Majid Mufti, CEO of NIF, commented: “Our investment in MemryX marks another pivotal step toward realizing …
In line with its efforts to streamline and minimise government procedures and accelerate service delivery, Dubai Electricity and Water Authority (DEWA) provides an electricity/water no-objection certificate for enrolled contractors and consultants seeking to obtain a building permit. The NOC is offered through the following online channels: 1) Dubai Building Permit System: For projects that require a Dubai Municipality building permit and completion certificates, an NOC for construction-rela…
Building a Global Benchmark for Law Enforcement 13-15 May 2025 Dubai World Trade Centre Under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the World Police Summit 2025 returns for its 4th edition from 13–15 May. The World Police Summit, hosted by Dubai Police, is set to return at the Dubai World Trade Centre. Under the theme “Beyond the Badge: Envision the Next Era of Policing“, this global platfor…
Dubai Electricity and Water Authority (DEWA) enhances the resilience and efficiency of Dubai's smart network through its Distribution Network Smart Centre (DNSC), enabling advanced features such as the upgrade of automatic decision-making capabilities. The smart centre accelerates DEWA's digital transformation and facilitates the achievement of sustainability goals. The DNSC ensures the management and sustainability of three smart DEWA initiatives – advanced metering infrastructure (AMI) for e…
“We are delighted that Paradyme has chosen to establish in DIFC, recognising the rapid growth we are experiencing in the wealth and asset management sector which now exceeds 420 companies. The DIFC continues to solidify its global position as a funds centre that supports innovative new business models permitting the aggregation of talent and capital from around the world. As our ecosystem deepens, clients require a range of services of experts who can help them thrive, Paradyme will be able to…
South East Asia
- 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....
The groundbreaking ceremony, held in Bình Dương Province, was attended by Deputy Prime Minister Nguyễn Chí Dũng, Deputy Minister of Science and Technology Phạm Đức Long and leaders from universities, research institutions and international partners. CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Việt Nam’s first semiconductor chip factory fully owned by a domestic company.....
The Purchasing Managers’ Index retreats into contraction territory for most economies in Asia as US President Trump fires his first salvo of tariffs Singapore’s overall factory activity fell sharply last month, retreating into contraction territory and mirroring the regional pullback, as US President Donald Trump’s “Liberation Day” tariffs began to exact a toll on manufacturers....