Tag: ASIA
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Swarovski Shifts Focus to Lab-Grown Diamond Jewelry Sales in India on December 23, 2024
On December 23, 2024, Swarovski announced a strategic shift towards selling lab-grown diamond jewelry in India, planning to open 10 new stores. This move aims at addressing market demand for affordable luxury. The company is committed to adapting to evolving consumer preferences and sustainability trends in the luxury market, especially in a diverse market like…
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Mindgrove Technologies Secures $8 Million Series A to Propel Semiconductor Innovations
Mindgrove Technologies has raised $8 million in a Series A funding round to expand its workforce and engineering capabilities. The company launched India’s first commercial-grade high-performance microcontroller SoC—Secure IoT—while also receiving government support for a new Vision SoC targeting edge computing applications. CEO Shashwath T R highlights the growing demand for locally designed SoCs as…
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CES 2025: A Transformative Shift Beyond Consumer Electronics
As CES 2025 approaches, it promises to showcase innovations far beyond consumer electronics, emphasizing enterprise technologies and industry transformations. Key speakers and a significant portion of attendees from B2B companies illustrate this shift. Key highlights include advancements in AI, health tech, and quantum computing, along with a call for responsible tech development and government engagement.…
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Bangladesh Accuses Adani Power of Energy Deal Breach; Corporate Developments on December 19, 2024
Bangladesh has accused Adani Power of breaching an energy deal, prompting potential renegotiations. Micromax and Phison Electronics announced a joint venture for producing storage chips. Tata Consumer denied Starbucks is closing in India amidst reduced customer footfall. CCI raided AB InBev for alleged collusions, while SEBI imposed bans on a YouTuber for illegal investment practices.…
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Eric Schmidt Urges Caution in AI Development: A Call for Regulatory Oversight
Eric Schmidt, former Google CEO, warns against the rapid advancement of artificial intelligence (AI), advocating for potential regulatory measures such as “unplugging” AI technologies to prevent unforeseen risks. He emphasizes the importance of maintaining U.S. leadership in AI amid growing competition with China, and underscores the need for robust oversight as technology progresses. Schmidt suggests…
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Shriram Finance’s Strategic Campaign: Trust, Resilience, and Digital Engagement
Shriram Finance, a leading Indian financial services provider, launched a brand campaign with Rahul Dravid to emphasize trust and resilience. Elizabeth Venkatraman, Marketing Executive Director, highlighted the campaign’s focus on diverse customer needs and the importance of aspiration in brand messaging. With a strong emphasis on digital innovation and customer engagement, the company aims to…
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Michael Dell’s Vision for AI and Governance Challenges at Dish TV
Michael Dell has dedicated 40 years to preparing Dell Technologies for the unexpected AI revolution, transforming the company beyond personal computers. Simultaneously, Dish TV faces governance issues with 25 directors ousted in three years amid shareholder dissatisfaction, underscoring the necessity of effective corporate oversight in contemporary corporate governance practices. As the world witnesses an unprecedented…
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U.S. Companies Pause India Investments Amid Trump Policy Uncertainty
Amidst uncertainty regarding Trump’s policies, U.S. companies are delaying investments in India, heavily influenced by client strategies and market dynamics. While there is a desire to diversify from China to India, challenges related to raw material procurement persist. Experts suggest that despite the current jitters, the long-term potential in India remains robust due to strained…
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Japan Implements Regulation for Major Tech Firms with 40 Million Users
Japan has enacted an ordinance to regulate technology giants with a monthly user base of at least 40 million, effective December 19. The law targets key areas such as app stores and search engines, aiming to promote market competition and restrict anti-competitive practices. On December 10, 2023, the Japanese government approved an ordinance aimed at…
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Japan to Regulate Major Tech Companies with New Ordinance
The Japanese government has enacted a new ordinance to regulate tech giants with over 40 million users per month, effective December 19. The Fair Trade Commission will oversee these regulations, which target companies like Apple and Google. The law aims to foster competition in app stores, operating systems, and other services, while fully coming into…