Latest news with #Next50
Mint
03-05-2025
- Business
- Mint
Stock market this week: THESE stocks soared while others sank
The Securities and Exchange Board of India (SEBI) has extended the deadline for Qualified Stock Brokers (QSBs) to implement the optional T+0 rolling settlement cycle in Equity Cash Markets from May 1, 2025, to November 1, 2025. This extension follows feedback from QSBs and discussions with market participants to ensure smooth implementation. All other provisions of the December 10, 2024 circular remain unchanged. Market Infrastructure Institutions must update systems, amend regulations as needed, and inform market participants accordingly. This initiative is part of SEBI's broader efforts to enhance market efficiency, reduce settlement timelines, and align operational processes with international standards. The Securities and Exchange Board of India (SEBI) has expanded the automated trading window closure system under the Prohibition of Insider Trading (PIT) Regulations to include immediate relatives of designated persons (DPs) in listed companies. Effective from July 2025 for the top 500 listed companies and from October 2025 for all others, this move aims to enhance compliance and transparency by preventing insider trading during restricted periods. Companies must ensure system-driven monitoring of trading restrictions for both DPs and their immediate relatives. The initiative reflects SEBI's continuous focus on strengthening governance, ensuring accountability, and building investor trust in capital markets. Ather Energy's initial public offering (IPO) was oversubscribed by 1.50 times, indicating strong investor interest and demand exceeding the number of shares offered. This means that for every share available, investors applied for 1.5 shares. The oversubscription reflects positive market sentiment and confidence in Ather Energy's growth prospects, likely driven by its position in the growing electric vehicle sector. Such a response can also lead to a higher listing price or allotment on a pro-rata basis to investors. Analysts attribute this demand to the company's innovative products, expanding distribution network, and increasing demand for sustainable mobility solutions. Several major asset management companies including HDFC, Bajaj, Groww, Motilal Oswal, Edelweiss, DSP, and UTI have introduced new fund offerings. These NFOs span diverse investment categories including debt index, Nifty indices (Next 50 and Nifty 50), gilt funds, infrastructure, internet economy index, silver ETF fund of funds, and multi-cap growth plans. All offerings are direct growth plans, providing investors with a wide range of options across various sectors, asset classes, and investment strategies to diversify their portfolios. Investors can access these offerings through multiple channels, enabling flexibility, transparency, and ease of participation in different market segments. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera. First Published: 3 May 2025, 10:44 AM IST
CNA
30-04-2025
- Business
- CNA
Sunway Mega Roadshow 2025 highlights innovation and growth as its super app sets new benchmarks
Spanning five cities over nearly three weeks, the Sunway Mega Roadshow 2025 drew enthusiastic crowds from Ipoh to Kuala Lumpur, with a landmark debut in Singapore at Bugis Junction. Themed The Next 50 Years and Beyond, the roadshow – which ran from Feb 13 to Mar 2 – served as a showcase of the Sunway Group's wide-ranging portfolio. It also reinforced the conglomerate's vision of a future shaped by digital innovation, inclusive growth and long-term sustainability. At the heart of the campaign was the Sunway Super App – a mobile platform that brings together the group's diverse ecosystem of services, products and an expanding network of partners. The app logged over 33 million engagements during the roadshow, reflecting both the group's broader digital transformation push and rising consumer demand for integrated digital ecosystems. 'Sunway has grown from its humble beginnings to become one of Southeast Asia's leading conglomerates,' said Sunway Group deputy president Evan Cheah. 'This journey has not been without challenges, particularly in bringing together and leveraging our diverse businesses across multiple sectors. The roadshow was conceived as an avenue to showcase the best of Sunway's offerings under one roof.' The Sunway Super App processed RM6.1 million (S$1.8 million) in transactions during the roadshow – its highest figure to date – and registered more than 54,000 app downloads in the process. Initially designed to connect consumers with the latest news and promotions across Sunway's ecosystem, Sunway Super App has quickly evolved into a dynamic platform for both customers and potential business partners. By bridging verticals such as Sunway Theme Parks, Sunway Hospitality Group and Sunway Healthcare Group, the app provides external brands with a gateway to explore business-to-business collaboration opportunities. At the roadshow, attendees had access to app-exclusive offers, including special rates on annual theme park passes, one-for-one health screening packages, and limited-time deals across Sunway Hospitality Group's hotels and resorts. Capping off the experience was a lucky draw prize pool worth more than RM2 million. Among the top rewards was a brand new electric vehicle valued at over RM100,000 and an all-inclusive weekend getaway at The Banjaran Hotsprings Retreat in Sunway City Ipoh. The roadshow highlighted the depth and diversity of Sunway's collaborations, with the Sunway Super App featuring deals from over 1,500 partners and retail merchants, including Adidas, Armani Exchange and Chagee. Complementing Sunway's own lifestyle offerings, the app also integrates services from digital-first brands like e-hailing service AirAsia Ride, food delivery service Foodpanda and online transport ticketing provider redBus, offering users added convenience and value. The campaign also marked key milestones in strategic collaboration. Most notably, Sunway Lagoon signed a memorandum of understanding with Klook, paving the way for new partnerships in the hospitality and tourism sectors. MOVING AHEAD WITH INNOVATION AND IMPACT The strong reception to the Sunway Mega Roadshow 2025 highlighted the group's broader ambition – to redefine how people live, work and play through a blend of innovation, accessibility and meaningful partnerships. Looking ahead, Sunway Group has outlined a strategic roadmap centred on digital transformation, sustainability and long-term value creation. Emerging technologies – including artificial intelligence – will play a key role in optimising energy use, improving waste management and driving operational efficiency across its 13 business divisions. As digital capabilities expand, so, too, does the need for secure infrastructure. In response, Sunway has established a dedicated cybersecurity team to ensure data protection, regulatory compliance and system resilience across its platforms. On the social front, the group continues to deepen its corporate social responsibility initiatives through partnerships with local and global partners. These long-term programmes aim to deliver lasting, measurable impact for the communities they serve.
Gulf Today
26-03-2025
- Business
- Gulf Today
Next50 initiative meet discusses UAE firms' access in new sectors
The Next50 initiative, launched by Investopia and EMIR, held its second meeting in the presence of Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of Investopia, and Hassan El Khatib, the Egyptian Minister of Investment and Foreign Trade. The meeting, which formed part of the 'Investopia Communities' roundtable series at Investopia 2025 in Abu Dhabi, was attended by more than 19 UAE companies that are part of the initiative. The meeting discussed the UAE's investment opportunities and potential in the economic and vital sectors, particularly those in the new economy, and their role in enhancing the country's attractiveness to FDI. During the meeting, participants explored ways to encourage UAE companies to increase their investments and expand their business operations in prominent foreign markets at the regional and international levels. In this regard, Bin Touq said: 'The private sector is a key partner in promoting the UAE's sustainable economic and social development. Therefore, we are keen to increase its investment and business operations within and outside the country, as well as enhance its contribution to future economic and investment strategies. These efforts will help us move closer to the achievement of the 'We the UAE 2031' vision's goal to raise the country's GDP to Dhs3 trillion by the next decade.' In this regard, His Excellency emphasised the important role of the Next50 Initiative in promoting dialogue with UAE companies and encouraging them to leverage promising investment opportunities in sectors of the new economy across UAE markets and beyond. The initiative includes a wide range of companies working in fintech, finance, tourism, healthcare, and other sectors. Next50 is one of the major initiatives launched under the umbrella of Investopia to support the private sector's economic and investment partnerships in the UAE. He emphasised that the meeting represents a significant step in enabling UAE's private sector to maximize the benefits of Investopia, a key global platform designed to stimulate investment in emerging economic sectors. Investopia contributes to sustainable growth and innovation by connecting investors and key stakeholders across industries and sectors. It has also expanded its reach through global dialogues and discussions in major economic hubs within the UAE, as well as in Europe, Asia, Africa, and the Americas—reinforcing the UAE's position as a global partner and an influential and attractive economic hub. Meanwhile, His Excellency Hassan El Khatib underscored the strength and robustness of Egypt-UAE relations, which continue to advance across all sectors. He noted that this meeting serves as a crucial opportunity to strengthen economic and trade relations between Egypt and the UAE, increase mutual investments, and enhance communication with the UAE business community. His Excellency El Khatib also reviewed a range of investment opportunities available in Egypt, highlighting Egypt's recent economic advancements and developmental infrastructure projects. He emphasised Egypt's investment and trade priorities, extending an invitation to the meeting's participants to leverage the progress of new economic and investment projects in Egypt as well as its investment climate. The meeting further addressed the importance of Next50 companies' participation in the future editions of Investopia and other key investment conferences and events at local and global levels. Such participation supports the development of new investment projects and partnerships, strengthening collaboration between these companies and business communities, economic organisations, banking institutions, and investment funds and facilitating access to the necessary financing for their projects. Investopia announced the launch of the NEXT50 initiative during its third edition, held in Abu Dhabi in February 2024. This initiative aims to foster communication and knowledge exchange among leading UAE companies while driving investment in emerging sectors. Last week, Investopia signed seven Memorandums of Understanding with national institutions and major global companies to facilitate cooperation in knowledge exchange and organising new Investopia Global editions, in the presence of Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia. New partners include Gitex Global, Deutsche Bank AG, EFG Consulting, EuroAtlantic Consulting & Investment, Kearney, Carta, and IMH. The new partnerships will support expansion and investment in future sectors and promote collaboration in the creative and innovative fields, thereby strengthening the UAE's position as a global hub for the new economy by the next decade, in light of the objectives of the 'We the UAE 2031' vision. The MoU with EFG Consulting will facilitate cooperation in organising the third edition of 'Investopia Europe' in Italy's trade capital, Milan, thereby promoting UAE-European economic ties. It will help stimulate investments in critical sectors between the UAE and Italy, exploring recent trends in investment and financing across European markets in the new economy. Agencies
