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The Star
3 days ago
- Business
- The Star
Khazanah's Dana Impak initiative a boost for MTCs
Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. PETALING JAYA: More than 100 mid-tier companies (MTCs) in Malaysia are being honed to level-up via efforts by Khazanah Nasional Bhd's initiative, Dana Impak. In Malaysia, MTCs contribute about 36% to the country's gross domestic product and employ some 16% of the national workforce. In a statement, the sovereign wealth fund said these will include a dual-track approach of capacity development and mobilising growth capital via private credit and private equity strategies. Managing director Datuk Amirul Feisal Wan Zahir said through Dana Impak, the group aims to be both a catalyst and a connector by identifying gaps in the ecosystem, deploying patient capital where markets are underserved, and investing in talent among others. 'Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance the country's economic competitiveness and resilience,' he said. He added among the initiatives included were the Elevate Programme, a four-month executive leadership programme established by the Securities Commission's affiliate, Capital Markets Malaysia (CMM) with the aim of preparing small and medium enterprises (SMEs) and MTCs for successful capital raising. 'As part of Khazanah's efforts to support MTCs access to the capital markets and strengthen their fundraising capabilities, Khazanah together with CMM will jointly fund MTCs participants in Elevate cohorts until 2027,' it said. Another initiative is the MTC Growth Innovation Programme (MGIP), designed to equip MTCs with the skill sets to venture into new markets or expand into new business segments. Khazanah said there will be masterclasses on customer-centricity, enterprise innovation and business expansion plan validation, while companies will have diagnostic support and executive coaching. MGIP participants such as Enda Group Sdn Bhd said challenges faced as MTC's are distinct from those of SMEs. 'That's what drew us to join MGIP as it is a programme that understands what it takes to scale a business like ours,' said group chief executive officer Mohammad Munzir Aminuddin. According to Amirul, Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs with non-dilutive financing solutions. 'In line with this effort, Khazanah is pleased to announce its partnerships with Navis Capital Partners and Granite Asia,' he said. Under the private equity strategy, Khazanah announced a partnership with Creador, to accelerate regional expansion and drive growth within MTCs through its value creation capabilities. Meanwhile, Khazanah said there are opportunities for MTC's to apply for the next MGIP cohort, which will commence in the third quarter of this year.
United News of India
15-05-2025
- Business
- United News of India
AGI Greenpac's Q4FY25 net profit up 50 pc to Rs 97 cr
Hyderabad, May 14 (UNI) AGI Greenpac Limited, a leading Glass Container Company, on Wednesday reported a 50 percent increase in its consolidated net profit to Rs 97 crore for the fourth quarter ending March 31, 2025 as against Rs 65 crore in corresponding period in the previous year. The company continued its growth trajectory achieving Consolidated Revenue of Rs 705 crore during the quarter, a 13 percent increase compared to Rs 622 crore in Q4 FY24, the company said in a release. However, for FY25 full year, the company's consolidated net profit for the year stood at Rs 322 crore, up by 28 percent compared to Rs 251 crore in FY24 while consolidated revenue achieved Rs 2529 crore, registering year-over-year growth of five percent compared to Rs 2,418 crore in FY24. AGI Greenpac Limited's success in FY25 resulted from its strategic focus and careful execution in several key areas. With an investment of Rs 700 crore the Company proposed setting up of a state-of-the-art manufacturing plant in Madhya Pradesh with a daily capacity of 500 tonnes, projected to increase the company's production capacity by approximately 25 percent. This strategic move aims to capitalize on the growing demand for glass packaging in the food, beverage and pharmaceutical sectors. UNI KNR SS More News AGI Greenpac's Q4FY25 net profit up 50 pc to Rs 97 cr 15 May 2025 | 3:50 AM Hyderabad, May 14 (UNI) AGI Greenpac Limited, a leading Glass Container Company, on Wednesday reported a 50 percent increase in its consolidated net profit to Rs 97 crore for the fourth quarter ending March 31, 2025 as against Rs 65 crore in corresponding period in the previous year. see more.. Amazon in launches elevate programme to empower creators & scale monetization opportunities 15 May 2025 | 3:45 AM Hyderabad, May 14 (UNI) marketplace is operated by Amazon Seller Services Private Ltd, on Wednesday announced the launch of its Elevate Programme, a strategic initiative designed to boost the performance of content creators associated with the Amazon Influencer Program. see more.. 15 May 2025 | 2:44 AM Kochi, May 14 (UNI) The Board of Directors of Apollo Tyres Ltd has approved the company's audited financial results for the fourth quarter (Jan to Mar) and the financial year 2024-25. see more.. Torrent Power net profit surges 63 pc in FY 2024-25 14 May 2025 | 8:52 PM Ahmedabad, May 14 (UNI) Torrent Power Ltd on Wednesday reported a 63 percent jump in its total comprehensive income (net profit) for the financial year 2024-25 at Rs 3,059 crore, as against Rs 1,882 crore in the previous year. see more..
United News of India
15-05-2025
- Business
- United News of India
Amazon.in launches elevate programme to empower creators & scale monetization opportunities
Hyderabad, May 14 (UNI) marketplace is operated by Amazon Seller Services Private Ltd, on Wednesday announced the launch of its Elevate Programme, a strategic initiative designed to boost the performance of content creators associated with the Amazon Influencer Program. The programme is designed to unlock greater earning potential for creators by providing premium solutions, insights, and dedicated support tailored to their evolving needs and ambitions, the e-commerce giant said in a release here. Through this programme, eligible creators will gain access to a suite of exclusive benefits designed to enhance their visibility and earnings on include premium account support, incremental commission opportunities, access to high-value brand collaborations, and participation in Amazon LIVE. The programme will also offer regular upskilling opportunities through Creator University, a dedicated platform featuring expert-led workshops and tailored training modules. High-performing participants will be eligible for performance-linked incentives, with the potential to unlock up to 10x earnings (average 3–5x), as well as early access to premium products and exclusive use of Amazon's production studios. UNI KNR SS
