GLOBAL PRESENCE
Signature Global Q1 sales bookings jump 3.5 times to Rs 3,120 cr on strong demand
Signature Global reported a 3.5-fold increase in sales bookings to Rs 3,120 crore in Q1 FY24, up from Rs 820 crore last year. The realty firm's sales volume more than doubled to 2.03 million sq. ft. on high demand for its housing projects. The company aims to achieve Rs 10,000 crore in sales bookings this fiscal year.
PM Modi's visit to Austria will 'allow broadening the scope of our partnership': MEA
From July 9-10, PM Modi will visit Austria after Russia. His first trip in 40 years aims to strengthen partnerships in infrastructure, technology, start-ups, and more. Meetings include Chancellor Karl Nehammer. Austria hosts IAEA and UNIDO. Recent agreements in migration and mobility show positive results. Foreign Secretary Vinay Kwatra emphasized enhancing bilateral cooperation.
Not as $trong, but $till $ignificant
Recent reports suggest that Saudi Arabia has shifted away from the US dollar in its oil trade agreements, deviating from the petrodollar system. Though these reports lack concrete evidence, they stir speculation in the global financial system. BRICS nations have also signaled intentions to reduce their dependence on the dollar, advocating the use of local currencies in cross-border transactions among member states.
Saras, a one-of-its-kind institution dedicated solely to AI education, announces its official launch in India
Saras AI Institute, founded by Anil Singh, offers specialised online degree programmes, industry expert educators, personalised coaching, and integrates compassion. This state-approved institution, with a unique curriculum and innovative approach, aligns with World Economic Forum’s projection of 97 million new AI jobs by 2025, addressing the talent shortage in the global AI sector.
Malabar Gold & Diamonds strengthens its presence in the UK
Malabar Gold & Diamonds has inaugurated its second UK store in Leicester on Belgrave Road's Golden Mile. The 2,000 sq. ft showroom features over 20,000 jewellery designs catering to various needs. Chairman M P Ahammed lauded customer trust during their UK expansion, with future stores planned for Southall, Wembley, Birmingham, and Manchester. Vice Chairman Abdul Salam K.P emphasized sustainability, using LBMA-certified bullion and conflict-free diamonds.
India’s bid to make GPAI as AI regulator gets global support
India has emerged successful in making the Global Partnership on Artificial Intelligence (GPAI) the leading platform for international cooperation on AI governance. This includes establishing regulations and a unified global framework for responsible AI development and implementation.
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TVS Mobility arm acquires Italy-based automotive components supplier
TVS Mobility's subsidiary, SI Air Springs, has acquired Roberto Nuti Group to enhance its global market position and product range. The acquisition will enable them to leverage their distinctive skills and expertise in suspension systems, fostering significant international growth potential.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
Putting the desi in design: India seems to be the flavour of global fashion
At the Paris Haute Couture Week, Rahul Mishra made his ninth appearance and Vaishali Shadangule released her collection ‘Satori’. Kartik Kumra showcased at the Menswear Fashion Week in Paris while Dhruv Kapoor returned to the men’s fashion week in Milan. And Mayyur Girotra showcased at the New York Pride. This is the runway. The red carpet is another story. And Hema Bose is the lead writer of that tale.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
India eyes Bangladesh's Mongla port
India is looking to operate the Mongla Port in Bangladesh and build a new terminal, aiming to counterbalance China's strategic presence in the region. PM Modi is expected to discuss this with PM Hasina, who plans to visit India soon. This move would expand India's port management in the Indian Ocean Region, following its operations in Chabahar and Sittwe ports. This comes amid concerns over China's infrastructure projects in neighboring countries.
Ukraine President Zelenskyy hopes for India's presence at Swiss peace summit next week
Ukraine President Zelenskyy congratulated PM Modi on India's parliamentary election win and invited India to a peace summit in Switzerland regarding the Russia-Ukraine conflict.
Ethnic fashion brand Libas raises Rs 150 crore from ICICI Venture
Libas started going offline about 18 months ago and operates 15 store across the country. It plans to open 200 stores by 2026. “The organised Indian apparel sector is expected to grow significantly in coming years and this investment will fuel expansion across categories, and geographies with a strong focus on omnichannel experience,” said Sidhant Keshwani, founder and CEO of Libas.
A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence
The group also aims to ensure that Tech Mahindra and Mahindra & Mahindra Financial Services (Mahindra Finance) realise their full potential besides bolstering the logistics, holidays and real estate businesses, which have been identified as “growth gems”
Netgear explores possibility of establishing manufacturing facilities in India
Netgear plans to establish manufacturing facilities in India to align with the country's economic expansion. CEO Charles (CJ) Prober emphasizes investment in the research centre, sales team, and local manufacturing to harness India's skilled workforce and enhance its global networking technology advantage. The inauguration of new office floors signifies the company's commitment to the Indian market trajectory.
Opportune time to establish India presence: Swiss watch brand HYT
As major Swiss luxury watchmakers turn towards India, smaller independent brands like HYT are also establishing a presence to tap into the market's potential and engage with the collector community.
Aadhar Housing Finance IPO allotment to be finalised on Monday: Here's how you can check status
In the unlisted market, Aadhar Housing Finance's shares are trading with a premium of Rs 70 against the issue price of Rs 315, translating to a listing gain of 22%. The company raised nearly Rs 899 crore from anchor investors ahead of the IPO.
Indian Hotels and CG Hospitality extend partnership to step up presence in experiential segment
Indian Hotel Co Ltd (IHCL) and CG Hospitality are planning to expand their presence in the experiential vacation segment, aiming to increase the number of hotels from 11 to 25 and the number of keys from 900 to 2500 by next year. They plan to invest approximately Rs2000 crore for this expansion. The initiative, called Ekyam, will focus on adventure experiences in destinations across the Indian Ocean and Greater Himalayan regions, as well as wildlife escapes. This move comes as Indian travelers seek more immersive and unique travel experiences.
What does China's third aircraft carrier's sea trials mean for India
China's third aircraft carrier, Fujian, has embarked on its maiden trials, signaling the country's naval expansion to challenge the US. With a focus on testing propulsion and electrical systems, the trials are expected to last two years before the carrier joins the fleet in five years. Fujian is the largest and most advanced Chinese aircraft carrier, equipped with the Electromagnetic Aircraft Launch System (EMALS) for smoother, more efficient aircraft launches. China's naval modernization is seen as a strategic move to assert dominance in the Indo-Pacific region.
Relais & Châteaux president says the hospitality association should have a wider presence in India
Relais & Châteaux plans to expand in India due to high trip spend. President Gardinier studies properties fitting association's DNA. Emphasis on local design and gastronomy. Top source markets are US, France, UK.
Vanuatu, nation of just 3 lakh makes its presence felt in International cricket
Vanuatu, with 3.27 lakh people, surprised Zimbabwe in Women’s T20 qualifiers. Captain Solman led the UAE win with Navaika's off-breaks. ICC played a crucial role in the country's cricket development.
India seeks more presence at decision-making level of ILO
India pushes for enhanced representation at ILO by revising criteria to include demographic dividend, global demand-supply gap, and population/labor workforce. This aims for equitable decision-making and strategic alignment with labor-related issues.
Canarys expands global presence with strategic acquisition in North America
Canarys Automation Limited expands globally by acquiring a North American software services company, enhancing its digital innovation and service delivery standards. The company's strategic moves reflect a commitment to growth and excellence in digital transformation.
WeWork expands India presence, adds two assets in Pune & Gurugram
The HQ27 located in Gurugram’s MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Pune’s largest mall complex - Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model
India presence imperative as part of worldwide expansion: CLA Global
CLA Global is among the non-Big Four professional services networks, such as RSM, Baker Tilly, HLB, Mazars and Nexia, which, driven by the significant opportunities presented by India's growing economy, are rapidly scaling up their presence in the country.
An export-minded self-reliance mix
India strives to enhance global manufacturing presence through a strategic mix of export promotion and tariff protection. This approach aims to achieve self-reliance while expanding manufacturing exports, contributing to rebalancing global economic growth against China.
India expands strategic presence; to have defence attaches in more countries in Africa, Asia
New Delhi is also appointing a new defence attache to the tiny African nation of Djibouti that serves as a major maritime gateway around the Red Sea and Gulf of Aden, and is considered as a prized location for military bases, people familiar with the matter said on Wednesday.
Royal Family of Abu Dhabi makes strategic investment in Beyoung, to expand domestic and global presence
This strategic investment marks a pivotal moment in Beyoung’s trajectory, signalling not just an injection of financial support, but a testament to the startup’s global potential and enhancing its omnichannel presence worldwide with ambitious plans to launch over 300 stores globally in the next three years, it said in a statement.
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