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Bloomberg Quint
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Citigroup’s India Commercial Banking Chief Vohra Exits
- Bhanu Vohra, Citigroup Inc.’s India head of commercial banking, resigns after about two and a half decades with the bank.
- Vohra, a managing director, had joined Citi in 2000 and worked in various roles including operations, transaction banking, and global markets.
- Citi will announce Vohra’s successor soon, confirming his resignation. Vohra is currently on gardening leave and exploring other career opportunities.
- Citi has restructured leadership roles in India this year with K Balasubramanian becoming CEO of India and Ashu Khullar now co-leading the global asset-managers team from London.
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Bworldonline
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DND clarifies Teodoro’s citizenship
- Defense Secretary Gilberto C. Teodoro, Jr. renounced his Maltese citizenship before his appointment, as confirmed by a Department of Defense spokesman.
- Philippine authorities were informed about Mr. Teodoro holding a Maltese passport in 2021 and this information was disclosed during his confirmation hearings.
- Mr. Teodoro surrendered and renounced his alleged Maltese passport before filing his certificate of candidacy in 2021 for the 2022 elections, with disclosure to relevant authorities.
- A newspaper reported that Mr. Teodoro was issued a Maltese passport in 2016, and a 2017 Malta Government Gazette noted him among those naturalized as Maltese citizens.
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Bworldonline
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8
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CVF may set up regional office in PHL
- The Climate Vulnerable Forum (CVF) is considering establishing a regional office in the Philippines to assist the country and its climate vulnerable neighbors.
- The CVF, an international alliance of nations highly susceptible to climate change impacts, aims to set up a regional office in the Philippines with the assistance of the Philippine government.
- Hosting a CVF office in the Philippines is viewed as beneficial for dealing with climate-related challenges in the Asia-Pacific region, as stated by Senator Loren Legarda.
- Before setting up the regional office, the CVF and the Philippine government need to sign a host country agreement and gain approval from the CVF's Global Parliamentary Group.
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Bworldonline
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69
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Health groups push for Konektadong Pinoy bill signing
- Fifty-three Philippine medical and healthcare associations are urging President Ferdinand R. Marcos, Jr. to sign the Konektadong Pinoy bill into law to advance the healthcare system in the country.
- The digital divide has led to a decrease in telemedicine in the Philippines due to poor connectivity, hindering healthcare access in rural areas.
- Telecommunications companies have opposed the bill, citing cybersecurity risks and the removal of Congressional oversight, urging President Marcos, Jr. to veto it.
- The Department of Information and Communications Technology (DICT) is optimistic about the bill being signed into law, as it awaits President Marcos, Jr.'s review of the legislation.
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HinduBusinessLine
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20
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Indian fertilizer firms to buy 3.1 mt DAP annually from Saudi Arabia till FY30
- Indian fertilizer firms have agreed to purchase 3.1 million metric tons of Diammonium Phosphate (DAP) annually from Saudi Arabia until FY30, with potential future expansions to include Urea.
- India is facing a shortage of DAP and Urea during the current Kharif sowing season, leading to agreements to broaden bilateral relations to ensure fertilizer security.
- A joint team has been established to explore long-term collaboration in the fertilizer sector, with Indian imports of DAP from Saudi Arabia showing an increase in recent years.
- Multiple states in India, including Punjab, Telangana, Rajasthan, and Uttar Pradesh, have raised concerns over fertilizer shortages during the ongoing Kharif sowing season, with the government estimating higher demand for DAP.
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Entrepreneurshiplife
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The Role of Coatings in Architectural Weather Resistance and Longevity
- Architectural coatings protect buildings from environmental stressors ensuring durability and longevity.
- Coatings act as barriers against moisture, UV rays, pollutants, and enhance structural integrity.
- Applications using spray technology offer uniform coverage, precision, and weather resistance enhancement.
- Key functions include water-vapor barrier, UV protection, corrosion resistance, and aesthetic preservation.
- Different coatings like acrylic, urethane, fluoropolymer, epoxy, and elastomeric serve specific protective purposes.
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Bloomberg Quint
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803
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Ahluwalia Contracts Bags Work Order Worth Rs 2,089 Crore From DLF
- Ahluwalia Contracts (India) Ltd. has secured a residential housing project order worth Rs 2,089 crore from DLF Ltd for the 'Dahlias' DLF5 in Gurugram.
- The execution period for the order involves civil and structure works, including rough finishing, and spans 44 months.
- In related news, Whiteland Corp. recently awarded Ahluwalia Contracts (along with Kalpataru Projects) a Rs 2,000 crore order for a residential project in Gurugram.
- Analysts tracking Ahluwalia Contracts have varying recommendations, with the average 12-month consensus price target suggesting a downside potential.
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Bloomberg Quint
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Confident Of Growing Our Advances On Par With Industry In Fiscal 2026: HDFC Bank CEO
- HDFC Bank CEO, Sashidhar Jagdishan, is confident that the bank will grow its advances in line with the industry in fiscal 2026 and surpass it the following year.
- In the last fiscal year, the bank reported a 10.7% increase in net profit and a 13% growth in net interest income, while maintaining a healthy asset quality.
- The bank's balance sheet expanded by over 8% to Rs 39,10,199 crore. Gross NPAs stood at 1.33% of Gross Advances, with advances growing by 5.4% and deposits by 14.1%.
- HDFC Bank aims to reduce high-cost borrowings, bring down the credit-to-deposit ratio, and focus on quality growth. The bank's CEO believes that they have successfully navigated a merger and are now well-positioned for faster growth.
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Bworldonline
5d
323
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Nxled Chameleons gun for record start against winless Galeries Tower
- Nxled Chameleons are aiming to maintain their record start against winless Galeries Tower in the Premier Volleyball League.
- The Chameleons have surprised many by defeating strong teams like Petro Gazz and Choco Mucho in previous matches.
- A victory against Galeries Tower would place Nxled Chameleons at the top of Pool A alongside PLDT High Speed Hitters.
- Key players for Nxled include rookie Lyann de Guzman and other contributors like Chiara Permentilla, Jovelyn Fernandez, EJ Clariño, and Krich Macaslang.
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HinduBusinessLine
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E5 for trials, E10 for commercial run: India to launch Japan’s next-gen Shinkansen with global debut
- Japan has agreed to introduce the next-generation E10 series Shinkansen trains for India's Mumbai-Ahmedabad bullet train corridor, with the E10 likely to be operational in the early 2030s.
- The E10, known as Alfa-X, can reach speeds up to 400 kmph and offers advancements in safety, energy efficiency, and passenger comfort over the current E5 models.
- Japan will initially provide E5 trains for trial purposes which will later be replaced by the high-end E10 versions. The E5 trains will be used to collect operational data for design improvements.
- The Mumbai-Ahmedabad High-Speed Rail project in India has reached milestones with the completion of a tunnel section and the progress of civil works, viaduct construction, and station development.
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Bloomberg Quint
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192
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Indian Exports To US To Be More Competitive After Tariff Hike On China, Other Countries: Niti Aayog
- Indian exports to US set to be more competitive post tariff increase by Trump administration.
- Niti Aayog report highlights India's gain in 22 categories due to higher tariffs on China.
- Strategic window for India in sectors like pharmaceuticals, textiles, and electrical machinery.
- India looking to conclude talks for a bilateral trade agreement with the US.
- Both countries seek duty concessions in various sectors for the trade pact.
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Bworldonline
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Gravelton PH gears up for its 4th season this October
- Gravelton PH is gearing up for its fourth season with Gravelton Clark 2025, set to take place on Oct. 18–19 at Filinvest Mimosa Plus Leisure City in Clark, Pampanga.
- The event promises an adrenaline-charged gravel race through the rugged routes of Central Luzon, challenging cyclists and adventure seekers to push their limits.
- The two-day event will feature an Expo Day on Oct. 18 with expanded offerings, leading up to the main Race Day on Oct. 19 where riders will tackle Gravelton's toughest course.
- Registration for Gravelton Clark 2025 opens on July 15, with participants encouraged to secure their slots early for what is anticipated to be a bigger and bolder experience.
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Global Finance Magazine
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Dominican Republic: The Caribbean’s Economic Diamond In The Rough
- Dominican Republic aims to diversify economy from tourism to services and manufacturing.
- Foreign investors benefit from free trade zones and growing logistics sector in the country.
- Challenges include scaling for Asian markets, education needs, and industrial park occupancy rates.
- Potential areas for growth include tourism diversification, BPO industry, and energy diversification.
- Increased female workforce participation contributes to improved social stability in the country.
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Bworldonline
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Special Olympics Pilipinas, Milo Philippines and DepEd promote sports inclusivity through unified learning
- Milo Philippines, Special Olympics Pilipinas, and DepEd collaborated in promoting inclusivity through unified learning at the Unified Brigada Eskwela Palaro event.
- Milo emphasized providing sports accessibility to all Filipino children, including those with intellectual and developmental disabilities.
- Unified learning, pioneered by Special Olympics, encourages students with and without disabilities to learn and play together in inclusive environments.
- The event aimed to showcase the benefits of unified learning by bringing together students from DepEd schools and engaging them in sports and leadership activities.
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HinduBusinessLine
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708
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Government eyes strategic growth for India's Global Capability Centers
- Anuradha Sharma highlighted key policy imperatives for India's Global Capability Centers (GCC) at a CII summit, stressing collaborative efforts between government and industry for growth.
- India has evolved into a major GCC destination, transitioning from BPO to diverse services like product development and engineering, contributing 1.8% to India's total gross value added.
- India's talent pool of approximately 2.1 million STEM graduates annually, with over 35% women participation and a median age of 28, provides fertile ground for GCC expansion.
- Challenges in GCC participation in national programs, the need for specialised skills development in emerging technologies, and expanding beyond major centres to tier-2 cities were highlighted by Sharma.
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