Latest news with #India
Malay Mail
36 minutes ago
- Business
- Malay Mail
1win Delivers Major Fan Moment with McLaren Giveaway at BKFC Dubai
NEW DELHI, INDIA - Media OutReach Newswire - 29 May 2025 - 1win, the official Giveaway Partner of the 71 and 72 Bare Knuckle Fighting Championship (BKFC), turned spectacular octagon fights into an unforgettable experience for a fan from India. The winner of the 1winSport raffle went back home with the keys to a brand-new a partner of one of the most high-profile championships and a brand that caters to its audiences, 1win chose to raffle off a luxury supercar among BKFC guests. It was a gesture of deep respect for the sport's fanbase, many of whom had arrived from Asia and the Middle East to see the show. The shining McLaren from 1win stood proudly at the BKFC venue, setting an exquisite tone for the in the McLaren raffle by 1win was simple. To qualify for the giveaway, BKFC guests only had to scan a QR code and fill out a form, complying with the terms and conditions. The draw was streamed live on the 1winSport YouTube channel, attracting nearly 500 entries. The eventual winner , a man originally from India, could hardly believe his luck as he had come to enjoy the fights:His reactions reflect the very spirit of the campaign—more than a giveaway but a moment of real impact, made possible by 1win's thoughtful approach to connecting with the fights, the celebrations continued with a bonus surprise for its loyal followers: 1win gave away a T-shirt signed exclusively by MMA legend Conor McGregor.1win's presence at BKFC 71 and 72 reflects a deep and growing bond with the world of combat sports. In line with this commitment, 1win recently welcomed Canelo Álvarez, the undisputed super middleweight world champion, as its Global Brand Ambassador. This partnership reflects 1win's respect for discipline, resilience, and excellence—values shared by martial arts communities across the #1win #Boxing #CombatSport #MartialArts The issuer is solely responsible for the content of this announcement. About 1win Operating across Asia, Latin America, and Africa, 1win offers multiple services adapted to regional audiences. 2024-2025, 1win partnered with cricket legend David Warner, actor Johnny Sins, and Mexican professional boxer Canelo Álvarez as brand ambassadors.
Reuters
42 minutes ago
- Business
- Reuters
US court ruling on tariffs lifts dollar, dragging rupee lower
MUMBAI, May 29 (Reuters) - The Indian rupee is set to open weaker on Thursday, weighed by the dollar's strength after a U.S. court blocked President Donald Trump's tariffs. The 1-month non-deliverable forward indicated the local currency would open in the 85.48-85.52 range, compared to a close of 85.36 in the previous session. "When you think about it, it's a bit counterintuitive that Asia is lower on the back of the U.S. court blocking tariffs," a currency trader at a Mumbai-based bank said. "However, that's been the pattern — tariffs imply weaker U.S. growth and a softer dollar." The trader expects the rupee to find support in the 85.50–85.60 zone, and reckons that the opening decline in the rupee will not sustain. The dollar index climbed past the 100 level, Asian currencies were down between 0.1% and 0.6%, and U.S. equity futures rallied after a U.S. court blocked Trump from imposing tariffs, saying the U.S. Constitution provides Congress exclusive authority to regulate commerce. The Trump administration filed a notice of appeal and questioned the authority of the court. Trump's tariff plans on U.S. trading partners had drawn warnings from economists about the potential for higher inflation and uncertainty, which had weighed on the dollar. The U.S. court ruling blocking the tariffs brought relief to the dollar, at least for now. "The question is what's next. First, we think tariffs will likely still be in force during the appeals process, with the Trump administration likely to take the appeals process all the way up to the Supreme Court," MUFG Bank said in a note. The immediate reaction of the dollar strengthening and Asian currencies weakening may not last considering that the tariffs are likely to stay and with the legal uncertainty potentially crimping US growth and investment plans, it said. KEY INDICATORS: ** One-month non-deliverable rupee forward at 85.64; onshore one-month forward premium at 15 paisa ** Dollar index at 100.24 ** Brent crude futures up 1.2% at $65.7 per barrel ** Ten-year U.S. note yield at 4.5% ** As per NSDL data, foreign investors bought a net $111.7 million worth of Indian shares on May. 27 ** NSDL data shows foreign investors bought a net $22 million worth of Indian bonds on May. 27
Skift
an hour ago
- Business
- Skift
Now, Philippines Becomes Visa-Free for Indian Tourists
The impact of visa waivers on Indian travelers' destination preference is well documented. As the Philippines struggles with the loss of Chinese tourists, it seems to be taking a page from Thailand's notebook to attract outbound surge from India. The Philippines has introduced visa-free entry for Indian tourists. The archipelago is offering two different types of visa waivers to Indians. Indian passport holders can enter the Philippines without a visa for a period of 14 days for tourism only. Tourists entering the Southeast Asian country through this program can neither extend their stay beyond the 14 days nor convert it into any other type of visa. Apart from this, Indian nationals can also get a 30-day non-extendable visa-free entry for tourism purposes if they hold valid visas or residency permits for Australia, Japan, America, Canada, Schengen nations, Singapore, or the United Kingdom. The country's e-visa facility will also be available. The policy came into effect this month itself. India's Importance for Philippines: Last year, while the Philippines recorded its highest-ever tourism receipts at about $13 billion, it also lost out significantly on tourists from China: Only 300,000 Chinese tourists visited as against the target of 2 million. At the Skift Asia Forum earlier this month, Christina Garcia Frasco, tourism secretary of the Republic of the Philippines said, 'The lesson that we learned from that is to really diversify our dependency into other markets as well.' India has now become one of the focus markets for the Philippines. She is also hopeful that direct flights between India and the Philippines will commence 'very soon.' On the development, Gaurav Malik, country director - India, Sri Lanka, and Nepal at online travel platform Agoda, said, "The Philippines' decision to grant visa-free entry to Indian travelers recognizes India as a key market for tourism. The move also reflects Indian travelers' growing interest in Southeast Asia as a whole.' He added that the move is likely to further boost the demand for the Philippines as a preferred travel destination among Indians, as also seen in other destination countries and highlighted by Skift in a feature last September. Philippines Tourism Secretary at the Skift Asia Forum ITC's Welcomhotel Brand Enters Bihar ITC Hotels has signed a Welcomhotel-branded property in Bihar's Bodhgaya. The 98-key hotel marks the brand's debut in the state of Bihar. Bodhgaya is a key destination for Buddhist pilgrims. This came just days after ITC signed a Welcomhotel in Vrindavan in Uttar Pradesh, which is a major religious destination for Hindus. The company has recognized this segment as a growth driver in the country's tourism landscape. At the signing of Welcomhotel in Vrindavan, ITC Hotels Managing Director Anil Chadha said, 'India's pilgrimage tourism has witnessed a big upswing. As the country witnesses a surge in domestic travel, spiritual destinations have become vibrant tourism hubs, driving footfall and economic opportunity across various cities and heritage sites.' IndiGo Promoter Sells 6% Stake in Airline IndiGo-parent Interglobe Aviation's promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.72% stake in the low-cost airline, according to exchange filings. Of this, Gangwal sold 0.57% out of his total 5.3% stake in IndiGo, while the family trust sold 5.15% out of a total 8.23% stake in the airline. The shares were offloaded for about INR 113.8 billion ($1.35 billion) through a block deal. A total of 220 million shares were sold in the deal. Last August as well, Gangwal's family trust sold a 5.2% stake in the airline. In March 2024, Gangwal also sold some shares in IndiGo. The stake sale is due to a February 2022 decision by Gangwal to reduce his stake in the budget airline after his alleged fall out with co-founder Rahul Bhatia over corporate governance issues. Last year, Southwest Airlines announced adding Gangwal to its board of directors. Manipur's Move to Boost Homestays The Northeastern state of Manipur has launched a dedicated portal for registration of homestays in the state. The digital initiative is aimed to encourage local communities through tourism. Residents across the state will be able to register their properties as certified homestays using this portal, which will strengthen rural economies while also providing travelers with authentic travel experiences. The state's new homestay policy came into effect this month, in which the government detailed the infrastructure and service benchmarks required from homestays. These looked at guest safety, comfort, and transparency. The policy also standardized room tariffs. Cruise-Focused OTA Int2Cruises Enters India Cruise-focused online travel company Int2Cruises has entered the Indian market. The OTA is headquartered in India, but was first introduced in Singapore and is expanding its presence into other markets such as the United Arab Emirates. In a statement, the company said that the platform aims to make cruise bookings convenient, transparent, and affordable. 'Indian travelers today are confident, digitally savvy, and looking for memorable experiences. But cruise booking remains fragmented and often overwhelming,' said Akansha Agarwal, chief marketing officer at the OTA. Cruise vacations are quickly gaining momentum among Indian travelers, for leisure as well as corporate travel. The government is also looking to ramp up this segment, targeting 1 million cruise tourists by 2029. According to the Indian government, 'The cruise market in India has the potential to grow by 800% over the next decade, driven by rising demand and disposable incomes.' IHG Now Has 50 Operational Hotels in India IHG Hotels & Resorts on Tuesday opened its 50th operational hotel in India - Crowne Plaza Lucknow. The 110-key hotel has been equipped with meeting and event spaces across 40,000 square feet in order to target leisure and business travelers. The hotel chain is continuing to expand its presence across the country. Last year, IHG signed 18 new hotels in India, with around 30% of the signings being in the premium and luxury segments. Currently, the company has almost 70 hotels in its pipeline as it looks to more than double its portfolio in India over the next five years.
Reuters
an hour ago
- Business
- Reuters
India's equity benchmarks eye positive open after US court blocks Trump tariffs
May 29 (Reuters) - India's benchmark indexes are poised for a positive open on Thursday, tracking gains in broader Asian peers and Wall Street futures, as investors cheered a U.S. federal court's decision to block President Trump's proposed "Liberation Day" tariffs. Gift Nifty futures were trading at 24,837.5, as of 8:09 a.m. IST, indicating a firm start above the Nifty 50's close of 24,752.45 on Wednesday. The Court of International Trade ruled that President Trump exceeded his authority with the proposed tariff plan. Although the White House has appealed the decision, the ruling raised hopes that Trump may scale back from imposing the highest tariff levels he had threatened, lifting global risk sentiment. The U.S. court decision also boosted the U.S. dollar, while safe-haven gold edged lower as investor risk appetite improved. Asian shares and Wall Street futures advanced, supported by chipmaker Nvidia's (NVDA.O), opens new tab quarterly sales beat and positive revenue outlook released after U.S. market hours. Meanwhile, minutes from the latest Federal Reserve meeting revealed concerns about inflation risks tied to Trump's trade policy. Market pricing now sees only a 22% chance of a July rate cut, while the probability for a September cut stood at 60%, having been fully priced a month ago. Back home, the Nifty 50 has shed 0.4% over the past three sessions, consolidating near the 25,000 mark. The index has gained 1.7% in May, on track for its third consecutive monthly gain, supported by robust foreign portfolio investor (FPI) inflows and sequential earnings growth in the March quarter. FPIs net bought 46.63 billion rupees ($546 million) in equities on Wednesday, pushing total May inflows near $2 billion. While the market construct remains positive, volatility is expected to remain elevated through the day amid the monthly derivatives expiry, as traders roll over or square off their positions, two analysts said. ** India's market regulator bars former top executives of IndusInd Bank ( opens new tab from securities trading until further orders over alleged insider trading ** Cummins India ( opens new tab posts a fall in quarterly profit as rising costs offset price hikes ** SAIL ( opens new tab posts quarterly drop on inventory costs ($1 = 85.3860 Indian rupees)
News24
an hour ago
- General
- News24
How fake congestion tax story uncovered disinformation network built on hijacked SA domains
A marketing agency from India has hijacked at least two local websites and populated them with fake news about South Africa. Graphic by Mihle Mdashe
