After months of volatility triggered by regulatory changes, trading activity in index derivatives and options is showing signs of stabilisation, according to a report by rating agency ICRA.
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Kuala Lumpur [Malaysia], May 22: Ashita Group, a rising leader in the B2B2C, e-commerce, and social commerce sectors, proudly announces a transformative commitment of growth capital investment up to USD 155 million by CPFam-LDA Asia Growth Fund and AEI Capital Group into Ashita Group, as it is gearing towards its upcoming public listing. This milestone follows a recent pre-listing strategic investment in Ashita Group at USD 1 billion valuation led by AEI Capital Group in partnership with 3 other institutional investors, namely (i) Vynn Capital, a top VC firm focused in SEA and backed by prominent sovereign wealth funds and conglomerates, (ii) VisionGain Capital, a prominent hedge fund firm focused in China and Asia, known for its active participation in China unicorn investments space, and (iii) the strategic investment arm of Fonixtree Technology, Alibaba Cloud's overseas associated company for global digitalisation business riding on AliCloud technologies. This investment underscores the strong market confidence in Ashita Group's vision to redefine digital commerce across Southeast Asia and beyond over the next 5 years.
Rotterdam [Netherlands] / Seoul [South Korea], May 22: Hyundai Motor Group (the Group) is showcasing its position as a global leader in hydrogen at the World Hydrogen Summit 2025 in Rotterdam, Netherlands, May 20-22. The Group is taking part in both the exhibition and high-level Roundtable to share its latest hydrogen initiatives and drive industry dialogue.
Pune (Maharashtra) [India], May 22: Gold has always occupied a special place in Indian homes, representing wealth and security. Initially, such investments required purchasing physical gold as jewellery or coins, which presented challenges such as verification of purity, storage, and the need for larger up-front payments.
Bengaluru (Karnataka) [India], May 22: KRAFTON India has announced its investment in Shuru, a fast-growing hyperlocal community app delivering local updates connecting users across India. The Series A funding round led by KRAFTON India also included participation from existing investor Omidyar Network India and Eximius Ventures.
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Mumbai (Maharashtra) [India], May 22: Ishukart, a growing player in the Indian e-commerce space, has announced a strategic investment of Rs10 lakh in its newly launched subsidiary, IshuCompany, in exchange for a 2% equity stake.
The market capitalization of companies listed on the National Stock Exchange (NSE) has grown nearly six times in the past 11 years, said Ashish Kumar Chauhan, MD and CEO of NSE.
Jakarta [Indonesia], May 22: JEC Eye Hospitals and Clinics, Indonesia's leading eye care providerwith more than four decades of clinical excellence, hosts the fifth edition of JEC International Meeting (JECIM) 2025 and launches the nation's first AI-powered digital eye health encyclopedia, Matapedia.
Audi, the German luxury automotive brand, launched 'Drive Sure', a strategic driving training program. Aimed at empowering performance-oriented car owners and drivers to be safe, skilled and responsible behind the wheel. Audi Drive Sure will equip drivers with advanced technical expertise and safety awareness.
Hyderabad (Telangana) [India], May 22: Refroid Technologies, India's foremost innovator in advanced data center cooling solutions, proudly announces the launch of the SentraFlo Series--the nation's first indigenously developed Liquid-to-Liquid Coolant Distribution Units (CDUs) designed for Direct-to-Chip Liquid Cooling (DCLC) applications. This major milestone underscores India's growing capability to support high-density AI and HPC workloads with future-ready, made-in-India solutions.
Indian minister of Consumer Affairs, Food and Public Distribution, Pralhad Joshi, raised concern over the feature of 'Advance Tip' in Uber app, as he believes that the practice of tipping before the service is unfair and unethical.
India's private sector activity expanded sharply in May, reaching its highest pace in over a year, driven by a robust performance in the services sector.
Singapore, May 22: Azentio Software, a leading technology enabler in the BFSI space, announces the launch of its next-generation Amlock anti-money laundering (AML) platform, bringing powerful new capabilities to financial institutions in the fight against financial crime. Powered by advanced AI and machine learning, Amlock is designed to significantly improve detection accuracy, reduce operational workload, and ensure compliance in an increasingly complex regulatory landscape.
New Delhi [India], May 22: SRM University Delhi-NCR, Sonepat (SRMUH) continues to emerge as a formative ground for innovators in the technology and social impact sectors. Nishit Bhasin, a graduate of the 2018-2022 B.Tech Computer Science and Engineering batch, specialising in Artificial Intelligence and Data Science, has been featured in the prestigious Forbes 30 Under 30 North America list for his groundbreaking work in digital accessibility through his startup, IncSkill.
Bangalore (Karnataka) [India], May 22: A strange and unexpected event took place at an airport lounge last night. A man shocked everyone by eating a red envelope that had just been handed to him. This adds another twist to the growing mystery around the so-called 'Red Envelope Society.'
Dubai [UAE], May 22: Uniquehire, a pioneering global IT consulting and services firm, has formally expanded into the United Arab Emirates, marking a major step in its international growth strategy. The launch was made possible through a strategic collaboration with Tconsult, a leading UAE business enabler, and was officiated in the presence of the distinguished Emirati businessman Dr. Bu Abdullah, along with Mr. Sundeep Makthala, Chairman of Tconsult.
Power Grid, Tech Mahindra, HCL Tech, Nestle, Hindustan Unilever, ITC, Tata Consultancy Services and Mahindra & Mahindra biggest laggards
Global rating agency Fitch Ratings has raised India's medium-term growth potential by 0.2 percentage points to 6.4 per cent, while it has reduced China's growth projection by 0.3 per cent to 4.3 per cent from 4.6 per cent.
Palo Alto (California) [US], May 22: Loyalty Juggernaut, Inc. (LJI) announces the appointment of loyalty industry veteran David Andreadakis as its chief commercial officer. Andreadakis will lead commercial strategy and services expansion, accelerating growth across North America and global markets.
Oben Electric is working on 'O100', its 2nd platform for India's 100cc equivalent motorcycle segment
Bengaluru (Karnataka) [India], May 22: Oben Electric, India's leading homegrown R&D driven electric motorcycle manufacturer, today announced that it is working on its second indigenous electric motorcycle platform, O100 (Pronounced as O Hundred). Conceptualized and engineered at Oben's state-of-the-art R&D center in Bengaluru, this new platform will mark the company's strategic entry into the 100cc equivalent motorcycle segment, a category that makes up nearly 30% of India's two-wheeler market.
Indian stock markets opened lower on Thursday as global sentiment remained weak due to rising concerns over debt and deficit levels in the United States.
The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy response to slower economic growth and controlled inflation, according to a report by Morgan Stanley.
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
Indian consumers are re-evaluating their retail choices and nearly half of them are switching to private labels, according to an EY report which highlights heightened consumer expectations of value, trust and relevance from their purchase experiences. It said 52% of...
India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody’s Ratings said on Wednesday. The agency said government initiatives to boost...
Tea Board India's Deputy Chairman Saurav Pahari on Wednesday highlighted that India's tea exports have increased by 10% from 2023, reaching a 10-year high.
Managing Director and CEO of the National Stock Exchange of India (NSE) Ashish Kumar Chauhan on Wednesday met the Union Finance Minister and committed to supporting Prime Minister Narendra Modi's Viksit Bharat 2047 vision.
'Good discussions with Secretary Howard Lutnick towards expediting the first tranche of India-US Bilateral Trade Agreement,' Minister Goyal posted on social media platform X yesterday, signalling positive momentum in the talks.
New Delhi [India], May 21: India's retail landscape is being reshaped by innovation--and at the forefront of this transformation is HalfPe.com. In a world where 'big discounts' are often little more than marketing noise, HalfPe.com stands out as a beacon of real value, integrity, and technology-driven convenience.
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