Tag: ASIA
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Tencent and CATL Challenge Pentagon’s Military Designation Amid Trade Tensions
Tencent and CATL plan to legally challenge their inclusion on the U.S. Department of Defense’s Chinese Military Companies list. Both companies denied military ties and are engaging with U.S. authorities. This designation affects their stock performance but not overall operations, amid rising U.S.-China trade tensions, with Tencent retaining a strong market position despite challenges. Tencent…
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Malaysian E&E Companies Show Mixed Optimism for 2025 Amid Challenges
The MSIA’s survey reveals that 44% of Malaysian E&E companies are optimistic about Q1 2025, despite lower confidence compared to previous quarters. Challenges include talent shortages and competitive pressures. Companies aim to diversify markets and improve talent development. 57% see opportunities from the US-China chip conflict, while 72% plan to hire engineers. MSIA emphasizes leveraging…
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Titan Company Projected to Report 24% Rise in Q3 Revenue on Strong Jewellery Demand
Titan Company estimates a 24% increase in Q3 revenue driven by festive jewellery demand. The significant growth in the jewellery segment, which generates 87% of total revenue, is projected alongside rising sales in plain gold and gold coins. The company anticipates challenges due to customs duty cuts but remains optimistic about overall performance in both…
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The Push for Transparency in Credit Scoring: Addressing Concerns and Recent Changes
The article highlights issues surrounding credit scores in India, focusing on individual cases where borrowers faced higher interest rates or were unfairly labeled as defaulters despite good repayment records. It discusses the recent moves by the Reserve Bank of India to enhance transparency and accuracy in credit reporting, noting the significance of these scores in…
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Indian IT Sector Braces for Mixed Q3 Results Amid Modest Growth Prospects
As the Indian IT sector prepares for Q3 FY25, Tier 1 companies like TCS, Infosys, and HCL Tech are projected to show modest revenue growth, while Tier 2 firms such as Coforge may reveal stronger results. Operating margins are expected to improve slightly despite challenges. Key sectors like BFSI and TMT indicate rising demand, and…
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Boon Vanasin’s $350 Million Scam and HUL’s Acquisition of Minimalist
On January 4, 2025, Boon Vanasin, a Thai healthcare tycoon, is wanted for a $350 million scam, reportedly defrauding investors by promoting non-existent medical projects. Meanwhile, Hindustan Unilever is negotiating a ₹3,000 crore acquisition of skincare brand Minimalist, showcasing major corporate movements in the industry. On January 4, 2025, the corporate landscape was shaken by…
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IT Companies Prepare for Mixed Q3 Results with Tier 1 Firms Anticipating Modest Growth
The Indian IT services sector is preparing for a mixed Q3 FY25, with Tier 1 companies expected to report modest revenue growth, while Tier 2 firms like Coforge may demonstrate stronger performance. Improving operational practices and demand, particularly in BFSI and TMT, contribute to this outlook. Additionally, generative AI is emerging as a key growth…
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China’s Finance and Property Sectors Experience Notable Workforce Declines
China’s finance and real estate sectors have experienced substantial workforce reductions in the past five years. The financial industry saw a 32% decrease to 12.4 million employees, while real estate developers’ workforce fell 27% to 2.7 million by the end of 2023, according to recent census data. Recent data from China’s economic census, released on…
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Q3 FY25 Results Preview: Indian IT Sector’s Expected Performance Insights
The Indian IT sector is preparing for Q3 FY25 earnings, with TCS leading on January 9. Analysts expect mild growth in major players, but tier-2 firms may outperform. Revenue results may be influenced by seasonal furloughs and macroeconomic factors, with forecasts indicating stable margins despite wage hikes. The Indian IT sector is poised for earnings…
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Rainmatter Ventures: Amplifying Investments in Key Sectors for 2025
Rainmatter, a Bengaluru-based venture fund, plans to increase investments in fintech, climate, health, and storytelling startups in 2025, targeting a significant portion of its ₹1,000 crore allocation. After deploying ₹250 crore across 40 startups in 2024, the fund aims to enhance its engagement with founders in these sectors while addressing environmental challenges and establishing a…