Tag: ASIA
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SoftBank Group Announces $100 Billion Investment Initiative in the US
Japan’s SoftBank has pledged a substantial $100 billion investment in the US, targeting key sectors to enhance technological innovation and infrastructure. This move reflects its ongoing commitment to global investment leadership and strategic partnerships within the American market. Japan’s SoftBank Group Corp. has announced a bold initiative to invest $100 billion in the United States,…
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3D Retail Merchandising Software Market: Growth Prospects Post-Pandemic
The 3D retail merchandising software market is experiencing rapid growth, driven by automation and demand for increased sales conversion rates. Key players in the market include InContext Solutions and Dassault Systèmes. Despite a temporary decline during the COVID-19 pandemic, a strong recovery is projected. The market offers various deployment types and applications, primarily focusing on…
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Kalaari Capital Achieves Over $100 Million in Exits Amid Strategic Investments
Kalaari Capital, under Vani Kola’s leadership, reported over $100 million in exits this year and has invested around $25 million in more than ten companies. The firm anticipates significant returns for investors, champions technology-led businesses, and aims to support women entrepreneurs in the venture capital landscape. Kalaari Capital, led by Vani Kola, reported a remarkable…
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BDO ESG Awards Honor Exceptional Companies in Sustainability Efforts
The BDO ESG Awards in Hong Kong recognized companies for their excellence in environmental, social, and governance practices, with over 110 applications submitted this year. The event highlights the growing importance of ESG considerations in business and finance, underlining the private sector’s potential impact on climate change. BDO’s initiative promotes awareness and enhances corporate responsibility…
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Mao Geping Becomes Billionaire After Cosmetics Company’s Successful Hong Kong Launch
Mao Geping Cosmetics Co. experienced a spectacular 92% rise during its debut on the Hong Kong stock exchange, leading its founder, Mao Geping, to become a billionaire with an estimated fortune of $1.6 billion. The IPO raised $300 million and reflects significant investor confidence in the luxury cosmetics sector despite China’s economic challenges. Mao Geping,…
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Generative AI Threatens Pricing and Employment in India’s IT Services Industry
Generative AI aims to transform India’s $254 billion IT services sector, with anticipated pricing pressure on support and maintenance contracts starting next year. The ADM and BPO segments, which compose 40% of industry revenues, are under threat due to AI’s capability to automate tasks. Major firms like TCS and Infosys may face challenges as contract…
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Lockton Ambitiously Targets Doubling International Business with Focus on India
Lockton plans to double its international business in four years, with a focus on India. The company acquired Arihant Insurance Brokers and appointed Sandeep Dadia as CEO for Lockton India. The firm will emphasize motor and health insurance, offering tailored solutions and aims for an expanded workforce by 2026. Lockton, the leading privately held insurance…
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Suven Pharmaceuticals to Acquire Controlling Stake in NJ Bio, Inc.
Hyderabad’s Suven Pharmaceuticals plans to acquire a 56% stake in Princeton-based NJ Bio, Inc. This acquisition is valued at USD 100 million, combining both primary and secondary investments. The move aims to expand Suven’s foothold in the biotechnology sector. Suven Pharmaceuticals, based in Hyderabad, has announced its plan to acquire a controlling interest in NJ…
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Paytm’s Singapore Entity to Divest Stake in PayPay for ₹2,364 Crore
Paytm’s Singapore unit, One97 Communications Singapore, is selling its stake in Japan’s PayPay to Softbank Vision Fund 2 for ₹2,364 crore. This sale is aimed at strengthening Paytm’s cash reserves and focuses on core business operations amid regulatory challenges. PayPay, valued at approximately ₹60,000 crore, holds a significant market share in Japan’s payment services sector.…
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Corporate News Update: December 6, 2024 – Job Creation and Strategic Shifts in India
Recent corporate news on December 6, 2024, highlights Paytm founder Vijay Shekhar Sharma’s praise for new-age tech firms and their job creation efforts. Canara Bank has received RBI approval for stake divestment. EQT is increasing its investment in India, while NTPC Green announced plans for a green hydrogen transmission network in Andhra Pradesh. On December…