Indian Central Bank's Jumbo Rate Cut Could Supercharge IPO Pipeline
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures indicate a positive start, fueled by the buzz from Friday's blockbuster monetary policy announcement. Asian equities are trading higher on renewed optimism about US-China trade talks, which could further boost market sentiment. In the local bond market, attention will focus on short-term yields, where the rally is expected to continue.
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Yahoo
27 minutes ago
- Yahoo
EVONET Launches Cross-Border Wallet Connectivity Service in Partnership with au PAY
— Enabling WeChat Pay Users to Pay at au PAY Merchants in Japan SINGAPORE, June 10, 2025 /PRNewswire/ -- EVONET Global Pte., Ltd. (Headquarters: Singapore, hereafter "EVONET") has launched a cross-border mobile wallet interoperability service in partnership with KDDI Corporation (Headquarters: Chiyoda-ku, Tokyo, hereafter "KDDI") and Tenpay Payment Technology Co., Ltd. (Headquarters: Shenzhen, China, hereafter "Tenpay"). In the first phase of this initiative, more than 1.4 billion WeChat users from China can make payments by WeChat Pay (Weixin Pay) at au PAY-affiliated stores across Japan by simply scanning the QR codes installed at the stores (MPM method: Merchant-Presented Mode). This enables inbound travelers from China to enjoy a seamless payment experience across Japan using their familiar WeChat app, without worrying about language or currency barriers. Japan welcomes tens of millions of inbound tourists annually, but differences in payment systems have been a significant inconvenience. With this collaboration, merchants do not need to install new systems or make complex configuration changes, enabling them to easily accept WeChat Pay users and capture inbound demand. "This marks the first time that KDDI is opening its au PAY merchant network to non-Japanese users. EVONET provides the technological platform that underpins this global collaboration, serving as a hub to address the complexities of international payment infrastructure." said James Zhao, chief executive officer of Evonet Global Pte., Ltd. Going forward, EVONET plans to expand its network by partnering with more mobile wallet providers across Asia. In addition to the MPM method, the company also plans to support the CPM method (Consumer-Presented Mode), where merchants scan the user's QR code, enabling more flexible payment options suited to various business types. EVONET aims to build an open network that allows multiple wallet operators to connect seamlessly across countries and regions, enabling users to pay easily using their regular mobile apps wherever they are. In the future, the company also envisions enabling Japanese users to make outbound payments at overseas merchants using their domestic mobile wallets, thereby enhancing global payment convenience. EVONET will continue to serve as a global bridge in mobile payments, delivering more seamless and valuable payment experiences for both users and merchants. About EVONET GLOBAL PTE., is a network service provider headquartered in Singapore, jointly planned and promoted by Shanghai CardInfoLink Data Service Co., LTD. The company provides merchant network access services for various mobile code payment wallets around the world. In addition to transaction processing between wallets and acquiring operators, EVONET also performs settlement and currency conversion to realize cross-border QR code payments. Future services will include international remittance and wallet top-up features. Media Contact:David Thoms | Marketing Manager+852 2663 3068 | media@ Learn more: View original content: SOURCE EVONET GLOBAL PTE LTD
Yahoo
36 minutes ago
- Yahoo
Expat reveals astounding detail on street of city with '30 million people'
When visiting any city with a large population, most travellers would expect to jump off public transport and instantly be hit with a barrage of sights and sounds. However, one US expat living in China has revealed the incredible – and quite different – reality emerging in the county while on a recent visit to a neighbouring city. US citizen Garrett took a trip to the city of Suzhou, about an hour from his home in Shanghai. Arriving there, he was left astounded while standing beside the road because, despite cars and motorbikes zooming past, there was virtually no traffic noise. "Quite a busy intersection but super quiet," he told Yahoo News of the surprising moment, which highlights just how successful the uptake of electric vehicles has been in the Asian economic powerhouse. "The silence on the streets is fantastic; even in a city of 30 million people, the streets are incredibly calm," he said. For Garrett, he's seen firsthand that it's hard for Westerners to understand why this has happened. "As I have seen in China, sustainability isn't political at all; it's a widely acknowledged necessity for the planet and for economics," he said, explaining that EV-driving "isn't cool, it's just normal". In 2024, China sold nearly 13 million fully electric and hybrid vehicles, meaning EVs accounted for 40 per cent of total sales in the Chinese market. The number of sales is four times as many as the United States. In Australia, that figure was just 114,000 in the same time frame, according to the Electric Vehicle Council. Australians are continuing to buy more electric vehicles than ever before, according to recent sales records. But traditional brands like Toyota and Ford still dominate new car sales, with Toyota topping the charts for an incredible 23 years. 🚙 Drivers 'completely unaware' of little-known road rule attracting $6,000 fines 🔌 Hundreds of Teslas in Aussie car park exposes grim truth for Elon Musk 🔋 Solution to hazardous electric vehicle 'problem' in major Aussie city Garrett said his Chinese colleagues are more surprised to hear that someone doesn't drive an EV. "Many of my colleagues have EVs, and when I pointed that out, they responded with 'oh, yeah, don't you drive one?'," he said. "In my view, I think it's because people don't seem to politicise sustainability." This was laid bare as US President Donald Trump and Tesla CEO Elon Musk exchanged in a very public back-and-forth earlier this week, signalling their relationship may well be over. The Tesla boss criticised the president's 'Big Beautiful Bill' aimed to fast-track policy around spending, revenue and the debt ceiling, which would see electric vehicle subsidies scrapped in the US. "I don't believe America will get to the level China is at ever without significant political change," Garrett said. "And as America is a very individualistic culture, it will be very hard to sell the public on the benefit to the greater society. Most people I know in China just say 'Well, driving EVs is better for everyone and the government supports that'." China is leading the way with EV uptake largely due to government support through subsidies and tax breaks. Licence plates for regular cars with internal combustion engines face long waits and high costs to get the plates, but for EVs it's free. Homegrown support has helped Chinese automakers expand across the world, with countless new models hitting the market in Australia and worldwide seemingly every month. BYD took the world by storm when photos of its fleet of car carriers recently emerged. The brand, commonly seen on Aussie roads, is moving with "unprecedented speed" to overtake US rival Tesla as the global leader in electric vehicles. Car expert Paul Maric recently returned from the Shanghai International Automobile Industry Exhibition, where Chinese car brands displayed their latest innovations. "China is on another level entirely," he told Yahoo News recently. "Anyone in Australia who thinks they're just going to go away sometime soon is in for a shock. "I think eventually it will just lead to cars becoming more affordable," he said of the growing expansion of the Chinese industry. Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
Yahoo
an hour ago
- Yahoo
MIFB Partners with MalaysiaPCA to Launch Gastronomic Sensory Hub
KUALA LUMPUR, Malaysia, June 10, 2025 /PRNewswire/ -- Malaysia's most influential F&B trade fair, the Malaysian International Food & Beverage Trade Fair (MIFB), has announced a landmark collaboration with the Malaysian Professional Culinaire Association (MalaysiaPCA) for 2025. Setting a new benchmark for experiential trade engagement in Malaysia's F&B industry, this year's edition marks the launch of the Gastronomic Sensory Hub, an experiential zone where culinary innovation and strategic business matchmaking converge. Built in consultation with exhibitors and curated by chefs, the Hub reimagines the traditional trade floor by transforming it into a living kitchen theatre; where product sourcing meets gastronomy, and every dish tells a story of Malaysian excellence and global readiness. "Our collaboration with MIFB reflects a shared mission to elevate Malaysia's culinary excellence on the world stage," said Chef Soon Pau Voon, Secretary General of MalaysiaPCA. "Through the Gastronomic Sensory Hub, we aim to inspire, train, and showcase the next generation of culinary innovators and reinforce Malaysia's place as a rising force in global gastronomy." Organised by Constellar and set to take place from 30 July to 1 August 2025 at the Kuala Lumpur Convention Centre, MIFB 2025 will host over 500 exhibitors from more than 50 countries, and is expected to attract over 12,000 industry professionals. Set against the theme "Future-Ready F&B: Serving the Evolution of Trends," the fair comes at a time when Malaysian consumers are demanding healthier, tastier food with clearer sourcing and production details. MIFB is answering that call with immersive, trend-led experiences instead of static exhibition booths. Created with input from exhibitors and chefs, the Gastronomic Sensory Hub gives buyers something they rarely get on the trade floor: the chance to see, taste, and test ingredients under real conditions. It features: Live cooking demos using exhibitor products; Ingredient application tests for chefs and food service professionals; Pop-up fine dining experiences to showcase product storytelling; and Knowledge-sharing sessions with award-winning culinary teams "Beyond giving exhibitors a voice, it's also about giving buyers an experience they will remember," said Bruno Thong, Portfolio Director of MIFB. "We want to show buyers, from restaurateurs to grocers, how an ingredient performs on the plate, not just on paper. That's what makes the Gastronomic Sensory Hub a game changer." Malaysian Culinary Stars in the Spotlight The Hub will spotlight Malaysia's top culinary talents including: Chef Ikhwan A star of Malaysia's fine dining movement, Chef Ikhwan merges European technique with Malaysian soul. He led the team to a Silver medal at the IKA Culinary Olympics 2024 and a Gold at the FHA Culinary Challenge 2022. Now leading Daun & Co and serving as Sous Chef at Hotel Renaissance KL, he will be headlining live demonstrations throughout MIFB. MalaysiaPCA National Culinary Team Fresh off a Silver medal win at the FHA National Team Challenge 2025, the team features chefs from Taylor's University, Hilton KL, Le Meridien, APCA, MIB College, and more, all bringing cutting-edge creativity and world-class technical finesse to the stage. Whether you are a chef, manufacturer, distributor, or retailer, MIFB 2025 is where the next chapter of Malaysian F&B will be written, driven by a shared vision with MalaysiaPCA, innovative showcases from local brands, and a deep understanding of evolving customer expectations. MIFB 2025, organised by Constellar, is now open for exhibitor and buyer registration at About MIFB Organised by Constellar, the Malaysian International Food and Beverage Trade Fair (MIFB) stands as Malaysia's premier food and beverage trade event, dedicated to facilitating connections at every stage of the supply chain to connect, network, and collaborate from upstream to downstream solutions. As the name 'Malaysian International Food & Beverage Trade Fair' suggests, MIFB brings together international exhibitors to meet local industry players, creating invaluable opportunities for global exporters seeking to establish business connections within the broader Malaysian market. Through MIFB, international and local F&B players converge to explore innovative solutions and drive industry growth. About Constellar Constellar is Asia's preferred partner for convening businesses, curating ideas and creating opportunities for sustainable business growth and global impact. Based in Singapore with a regional footprint in Malaysia, we curate and develop influential trade and consumer events for key industries and sectors, connecting people, global marketplaces and networks for sustainable growth. We also manage the Singapore EXPO, Singapore's largest purpose-built venue for Meetings, Incentives, Conventions and Exhibitions (MICE). Our vision is to be a global leader made in Asia, activating impactful networks to enable cross-industry collaboration and innovation through our holistic portfolio of intellectual properties in the MICE industry. Visit for more information. View original content to download multimedia: SOURCE Constellar Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
