ABU DHABI:

The Kerala Pavilion at Annual Investment Meeting (AIM), was inaugurated by Secretary Department for Promotion of Industry and Internal Trade, Rajesh Kumar Singh, in the presence of Indian Ambassador to UAE Sunjay Sudhir, Lulu group chairman MA Yusuff Ali, and KS Srinivas, principal secretary-tourism, Government of Kerala on May 8.

 
The Annual Investment Meeting, organised by the AIM Foundation, kicked off on May 8, 2023, at the Abu Dhabi National Exhibition Centre, UAE. Under the theme of “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity,” the event is aimed at empowering the global economy by promoting effective investment strategies and facilitating opportunities for economic productivity and expansion.

 
The Kerala Pavilion showcased investment opportunities in Kerala as an investment destination, and the Kerala Startup Mission brought eight startups for B2B and seed funding activities. Sinrorobotics Pvt Ltd, Orditt, Cocoroots Organic Private Limited, Febno Technologies Private Limited, Wheelhouse Infosystems Pvt Ltd, GO EC Autotech Pvt Ltd, Ecodew Pure Water Solutions, and Primus Corporate Strategists LLP participated in the panel of Kerala Startup Mission in Abu Dhabi, seeking investment opportunities.

The Government of Kerala is a Gold Sponsor at the Annual Investment Meeting.Secretary DPIIT had earlier held bilateral meetings with the senior leadership of Mubadala and Abu Dhabi Investment Authority (ADIA), who showed confidence in continuous investment in India in traditional and digital infrastructure.

Guidance Tamil Nadu has been nominated for the Investment Promotion Award, at AIM 2023, the results of which will be announced later in the day. Guidance Tamil Nadu is the investment promotion agency of the Government of Tamil Nadu. It is constituted to reach out to prospective investors and make them invest in the state of Tamil Nadu.

 
AIM Global 2023 addressed new trends in the current global digital transformation experienced by developing and developed economies. It included sessions and workshops discussing vital topics such as Future Cities, the business sector’s ability to keep abreast of fast changes, and the importance of innovation in achieving growth against strong competitive backgrounds. Decision-makers, investors, experts, and academic figures from all over the world attended the Annual Investment Meeting, discussing the shift in the global investment landscape in a global environment characterised by geopolitical and economic challenges and its impact on the attraction of foreign direct investments.

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There was no gain in the Mumbai stock market on June 25. Sensex lost 25 points and Nifty 16 points on the day. Even though there were gains in the morning, the fluctuations during the day was strong. The Sensex rose to 35,081.61, but it closed at 34,842.10. Nifty closed at 10,288.90 points.
Of the 50 Nifty index stocks only 16 made some profit on the day. ITC, Bajaj Finance, Kotak Mahindra and Gail were the five Nifty stocks that registered huge gains. ITC gained over 5 per cent.
The shares of Bajaj Finance jumped over 60 per cent in the past one month and the stocks are selling in the range of Rs.3,000 now.
Asians Paints, Hindalco, Indian Oil Corporation, Eicher Motors and HCL Tech are the five Nifty stocks that had registered the highest loses. Asians paints ended the trade at 5 per cent loss.
Banking shares saw huge losses on June 25. The Nifty private bank index saw 4 per cent loss. Pharma stocks too had selling pressure during the day.

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KOCHI: Airtel Payments Bank has partnered with Mastercard to build customised solutions for payments for farmers and SMEs. The companies aim to cater to underbanked spectrum of users and enable digital adoption via the partnership.
“The collaboration aims at building a digital platform which provides farmers with knowledge about advanced farming techniques and connection to marketplaces, while simultaneously enabling them to receive payments directly in their Airtel Payments Bank account,” according to a company said in a statement.
Airtel Payments Bank currently hosts 4 crore customers across 5 lakh banking points.
“These solutions will enable them to access a larger market base, receive payments easily into their bank accounts, safeguard their money against risks associated with cash and get easy access to credit,” Porush Singh, Division President, South Asia, Mastercard said.

Airtel Payments Bank and Mastercard will work together to create differentiated card solutions, including solutions for contact less payments via NFC (Near Field Communication) for customers and merchants. NFC payment works when users pay with their smartphones in lieu of credit cards simply by waving their phone in front of a terminal.

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