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As a rapidly developing nation, Indonesia faces unique sustainability challenges—from managing its natural resources to addressing social inequalities. The environmental, social and governance principles have become integral to the country's long-term growth and development strategies as business and policy-makers recognise the need to balance economic progress with environmental protection and social responsibility.
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Jensen Huang, CEO of Nvidia, asserts that India has the essential resources—tech talent, a thriving digital economy, and extensive data—to become an AI leader. Emphasizing the need to transition from an IT outsourcing hub to an AI innovation center, he highlights India's critical role in Nvidia's operations and its potential to spearhead global AI advancements.
IndiGo CEO Pieter Elbers addresses concerns over the airline's recent losses, emphasizing improved performance with reduced aircraft grounding and cost pressures, and expects traffic increase during the festive season. He highlights IndiGo's competitive edge and positive reactions to its new premium cabin.
The Mumbai bankruptcy court dismissed Phantom Studios India's application to enforce a merger between Zee Entertainment and Sony entities, as the companies' boards had already withdrawn the scheme. The tribunal emphasized that the minor shareholder's enforcement rights lapsed after board approval. The parties had previously agreed to a non-cash settlement, ending their disputes.
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Hyatt Hotels Corporation plans to nearly double its properties in India to 100 within 5-6 years, driven by the flourishing travel industry and high demand for quality hospitality. The company will introduce additional global brands and expand its existing portfolio in key locations.
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Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by September 2024. This addition, along with a 25 percent rise in gold prices, has significantly bolstered reserves despite portfolio outflows post the Ukraine-Russia conflict.
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