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MUMBAI, INDIA – Media OutReach Newswire – 9 May 2026 – Vinpearl Joint Stock Company has signed Memoranda of Understanding (MoUs) with Thomas Cook India, SOTC Travel, and MakeMyTrip, three of India’s leading travel and tourism companies. The strategic partnerships are aimed at directly and comprehensively reaching all customer segments, helping position Vietnam as a “preferred destination” in the world’s most populous country.

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The agreements were signed at the Vietnam–India Business Forum, held as part of the State visit of General Secretary and President To Lam to India, in the presence of General Secretary and President To Lam and Maharashtra Chief Minister Shri Devendra Fadnavis.

The partnerships are expected to open direct access channels to all customer segments, stimulate travel demand and experiential tourism, and ultimately position Vietnam as a “preferred destination” for India’s 1.47 billion people.

Representing India are three of the country’s most influential and trusted travel distribution channels: Thomas Cook India, SOTC Travel, and MakeMyTrip. Thomas Cook India has strong expertise in group travel, corporate travel, and large-scale MICE tourism. SOTC Travel is well known for family vacations, group tours, and mid- to high-end leisure travel. Meanwhile, MakeMyTrip, India’s leading online travel platform, has a strong advantage in reaching younger travelers, independent tourists, and digitally-driven booking behaviors.

Representing Vietnam is Vinpearl, the country’s leading hospitality, tourism, and entertainment brand, operating nearly 60 properties nationwide. Its diverse five-star “all-in-one” ecosystem offers accommodation, shopping, dining, entertainment, golf, and MICE services, making it particularly well-suited to the travel preferences of Indian visitors, including large group travel, multi-generational family vacations, and experience-rich holidays.

Through these partnerships, the parties aim to maximize each other’s strengths, enhance tourism development capabilities, and shape tailored travel products, gradually positioning Vietnam as a “preferred destination” for Indian travelers in the near future.

Speaking at the event, Ms. Ngo Thi Huong, CEO of Vinpearl, said: “India is one of the key markets in Vinpearl’s international expansion strategy. Through partnerships with leading industry players, we are not only broadening our market reach but also proactively developing products tailored to each customer segment. Vinpearl aims to strengthen its presence in the Indian market while contributing to positioning Vietnam as an attractive and distinctive destination on the global tourism map.”

Mr. Anubhav Bansal, Vice President of MakeMyTrip and representative of the three Indian partners, added: “Vinpearl operates one of the region’s leading integrated tourism and hospitality ecosystems, with a scale, product diversity, and destination experience portfolio that increasingly align with the preferences of Indian travelers. We believe Vinpearl is playing an important role in positioning Vietnam as an attractive destination for this market. Combined with the extensive distribution strengths of both sides, this partnership is expected to significantly boost Indian tourist arrivals to Vietnam in the coming years.”

India is currently the world’s most populous country, with 1.47 billion people. The country’s rapidly expanding middle class is driving a strong surge in demand for international travel.

Recognizing the strategic importance of the Indian market, Vinpearl has not only leveraged its scale and integrated “all-in-one” ecosystem but has also continuously developed specialized offerings for Indian travelers, including luxury wedding tourism, MICE travel, multi-generational family holidays, group trips, and couple getaways. In 2025, the number of Indian guests staying within the Vinpearl system surged by a record 402% year-on-year, followed by a further 335% increase during the first four months of this year compared to the same period last year.

The signing of MoUs with these three major market access partners marks the next step in Vinpearl’s strategy to sustainably grow its visitor base from the 1.47 billion-population Indian market, while also helping position Vietnam as a “preferred destination” for Indian travelers.

Hashtag: #Vinpearl

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About Vinpearl

Vinpearl is Vietnam’s leading hospitality, tourism, and entertainment brand, currently operating 60 properties across 20 provinces and cities nationwide. Its ecosystem includes a network of five-star hotels and resorts in 35 provinces and cities with more than 17,300 rooms; 15 VinWonders theme parks offering attractions for all age groups; six world-class golf courses; and three international-standard convention centers and theaters under the VinPalace brand. The ecosystem also features two semi-wildlife conservation and care parks, an equestrian academy, and spectacular multi-million-dollar live performance shows in destinations such as Nha Trang and Phu Quoc, attracting millions of visitors each year.

About Thomas Cook India

Founded in 1881, Thomas Cook (India) Limited (TCIL) is one of India’s leading omnichannel travel and tourism groups, operating across foreign exchange, corporate travel, MICE, leisure travel, and value-added services.

TCIL owns and operates several major B2C and B2B brands, including Thomas Cook, SOTC, TCI, SITA, Sterling Holiday Resorts, Asian Trails, and Desert Adventures. The group has a presence in 28 countries across five continents and is one of the largest travel service networks headquartered in the Asia-Pacific region.

About SOTC Travel

Established in 1949, SOTC Travel is one of India’s oldest and most reputable travel and tourism brands. The company is part of Fairfax Financial Holdings through Thomas Cook (India) Limited (TCIL).

Operating through an omnichannel model, SOTC offers a wide range of services across leisure travel, incentive travel, and corporate travel. With more than 75 years of experience, SOTC has served millions of travelers across destinations worldwide and is recognized for its deep understanding of Indian travelers’ preferences and behaviors.

About MakeMyTrip

MakeMyTrip is India’s leading online travel booking platform, holding a dominant position in flight bookings, hotel reservations, and travel packages. With tens of millions of users and a strong digital ecosystem, MakeMyTrip covers the entire customer journey while maintaining a strong advantage in reaching younger travelers and independent tourists.

Hackers are exploiting demand for OpenClaw by circulating a counterfeit installer that delivers Hologram, a Rust-based information-stealing framework built to harvest credentials from crypto wallets, password managers and browser extensions. Security analysis of the campaign shows a polished fake installer site distributing an archive named OpenClawx64.7z. Inside it is OpenClawx64. exe, a bloated 130MB executable designed to appear legitimate while frustrating automated sandbox checks. The payload is […]

As Gulf markets accelerate toward smart and sustainable mobility, VinFast is expanding its EV presence in the Middle East with technology-focused products, connected vehicle capabilities, and long-term ownership solutions.

DUBAI, UAE – Media OutReach Newswire – 8 May 2026 – The Middle East is increasingly emerging as one of the next major battlegrounds for global electric vehicle brands, particularly as younger consumers across Gulf countries show rising interest in smart, technology-focused mobility solutions that combine premium specifications with advanced software and digital experiences. That shift has opened the door for newer EV manufacturers to compete alongside more established automotive brands.

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The opportunity reflects larger market dynamics already transforming the region. Asian EV brands have rapidly expanded their footprint across Gulf countries in recent years, supported by growing demand for feature-rich vehicles, manufacturing scale advantages, and increasingly competitive pricing.

Against that backdrop, VinFast is positioning itself as part of a broader transformation reshaping the automotive landscape across the region. As governments accelerate investments in renewable energy, charging infrastructure, and smart city development, the transition toward electric mobility is gaining momentum across the Gulf.

For VinFast, the Middle East represents a strategic growth market within its wider international expansion plan. The company has been strengthening its presence with the VF 8 electric SUV, targeting consumers seeking a combination of advanced technology, premium features, and long-term ownership value.

VinFast’s broader strategy aligns closely with those changing consumer expectations. Rather than operating solely as a conventional carmaker, the company is developing a vertically integrated EV ecosystem that combines intelligent software, connected services, and smart manufacturing capabilities.

Globally, VinFast has delivered more than 400,000 vehicles and accumulated several years of real-world driving data. That foundation has supported the development of Advanced Driver Assistance Systems, connected vehicle technologies, and over-the-air software capabilities designed to continuously improve the ownership experience.

In the Middle East market, the VF 8 is positioned around technology, comfort, and practicality for regional driving conditions. The all-electric SUV offers dual-motor all-wheel drive capability with up to 402 horsepower in the Plus variant and a driving range of up to 493 km on a full charge under the NEDC standard.

Developed in collaboration with Italian design house Pininfarina, the VF 8 combines a modern exterior design with a spacious cabin focused on digital integration and passenger comfort. Available features include a 15.6-inch infotainment display, ventilated seats, a panoramic sunroof, an air ionization-equipped climate control system, and multiple ADAS technologies, including Highway Assist, Adaptive Cruise Control, Blind Spot Detection, and 360-degree Surround View Monitoring.

VinFast is also emphasizing after-sales support and ownership assurance as key differentiators in the region. The company offers a 10-year vehicle warranty or 200,000 km, alongside a 10-year unlimited-kilometer battery warranty. Customers additionally receive access to mobile services, roadside assistance, DC fast charging networks, and over-the-air software updates.

As Gulf markets continue embracing electrification and smart mobility concepts, VinFast is seeking to establish itself as a long-term player in the region’s evolving automotive sector. By combining advanced technology, connected vehicle capabilities, and scalable EV solutions, the company is reinforcing its ambition to compete in one of the world’s fastest-changing mobility markets.

Hashtag: #VinFast

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HONG KONG SAR – Media OutReach Newswire – 8 May 2026 – The Global Mediation Summit, the first international conference hosted by the International Organization for Mediation (IOMed) since its inauguration in Hong Kong last October, was held today (May 8) at the Hong Kong Convention and Exhibition Centre.

The event, with the Department of Justice (DoJ) and the Hong Kong International Legal Talents Training Academy as the key sponsors, gathered more than 400 leaders, policymakers and distinguished professionals from 48 countries and regions. They explored frontier topics such as cross-cultural international mediation, financial and investment dispute mediation, and the development of a global mediation ecosystem.

Speaking at the Summit, John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), noted that Hong Kong has long supported mediation.

HKSAR's Chief Executive, John Lee (first row, centre), attends the Global Mediation Summit today (May 8), joined by the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the HKSAR, Cui Jianchun (first row, second left); the Secretary for Justice, Paul Lam (first row, far right); the Secretary-General of the IOMed, Professor Teresa Cheng (first row, second right), along with other guests.
HKSAR’s Chief Executive, John Lee (first row, centre), attends the Global Mediation Summit today (May 8), joined by the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR, Cui Jianchun (first row, second left); the Secretary for Justice, Paul Lam (first row, far right); the Secretary-General of the IOMed, Professor Teresa Cheng (first row, second right), along with other guests.

“Hong Kong is committed to becoming a global mediation capital. And we are well-positioned to do so,” Mr Lee said.

“Under ‘one country, two systems’, Hong Kong is a thriving hub for international finance, shipping and trade. We benefit from our country’s strong support and the opportunities it gives us, while maintaining extensive international connectivity as a world city.

“Hong Kong is the only common law jurisdiction in China, our country. And our legal professionals are internationally acknowledged for their professionalism and integrity. And now, as IOMed’s headquarters, Hong Kong is at the very heart of global dispute resolution and its promising future.”

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Paul Lam, Secretary for Justice of the HKSAR, highlighted the HKSAR Government’s ongoing support for the IOMed in different ways.

“First, it will be responsible for the maintenance of the Headquarters. Second, the DoJ will continue to second Hong Kong legal professionals to the IOMed Secretariat. Since 2023, the DoJ has already seconded a total of four counsel to assist in the establishment of the IOMed. Third, the Government will actively promote the use of IOMed mediation by, among other things, taking the lead in procuring the inclusion of an IOMed mediation clause in suitable international agreements to which the HKSAR Government is a party,” Mr Lam said.

“Hong Kong is well recognised as a leading international legal and dispute resolution services centre. Indeed, one of the mandates stated in the National 15th Five-Year Plan is that Hong Kong shall strengthen its status in this respect.”

Since the IOMed’s inauguration, the number of signatory states has climbed from 37 to 41, while the number of contracting states has gone from eight to 13.

“IOMed is the first inter-governmental international organisation set up by a Convention to promote exclusively the use of mediation,” said Professor Teresa Cheng, Secretary-General of IOMed, in her welcome remarks at the summit. “It fills an institutional gap and brings forth mediation as a true viable alternative to resolving international disputes alongside litigation and arbitration.”

Professor Cheng shared two important developments of the IOMed.

First, a maritime dispute was successfully resolved through mediation administered by IOMed at its Hong Kong Headquarters in early May, just a few days ago. “The case marks an important milestone: it is the first international maritime dispute involving a charterparty chain referred to IOMed for mediation,” Professor Cheng said.

Second, aligning with Hong Kong’s goal to further develop the commodities market, and the intention to stipulate use of IOMed mediation in the related contracts and policy, the Secretariat of IOMed is working with the HKSAR Government and other stakeholders to explore the establishment of a dedicated special panel of mediators for commodities market disputes under the IOMed framework.

The Global Mediation Summit is the finale event of the Mediation Week 2026 held in Hong Kong under the theme of “Mediate First: An Attempt of Mediation, Harvests Abundant Harmony”, with a view to promoting mediation as a friendly way to amicably resolve disputes and conflicts, and to build a more harmonious community.

“Our commitment to mediation, locally and globally, is clear in the five-day Mediation Week programme that ends today with this Summit,” Mr Lee said. “Mediation Week events spotlighted disputes related to schools, sports, neighbourhoods and the elderly. The goal in each case was to apply mediation structure and skills to achieve peaceful and rational solutions to our problems.”

Hashtag: #hongkong#brandhongkong#asiasworldcity#globalmediationsummit#IOMed





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By T N Ashok CHENNAI: Tamil Nadu’s political drama entered its most decisive phase on Friday evening as actor-turned-politician C. Joseph Vijay moved within touching distance of forming the State’s next government after the Communist Party of India and the CPI(M) extended unconditional support to his fledgling Tamilaga Vettri Kazhagam. The support of the two […]

The article Instability Stares At Tamil Nadu Polity Even If Vijay Cobbles Up A Majority Of 118 appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

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Sarvam has partnered with YCP India to help enterprises move artificial intelligence projects from small pilots into structured, organisation-wide deployments aimed at measurable business gains.

The collaboration brings together Sarvam’s full-stack sovereign AI platform and YCP India’s consulting, digital transformation and execution capabilities. The two companies plan to work with businesses on use-case selection, technology integration, change management and deployment across functions where AI can cut costs, improve productivity or strengthen customer engagement.

The partnership comes as companies across sectors are trying to convert interest in generative AI into practical results. Many organisations have tested chatbots, document automation, coding assistants and customer-service tools, but have struggled to scale them because of legacy systems, data-quality issues, compliance concerns and weak alignment with business priorities. Sarvam and YCP India are positioning their alliance as a response to that gap, with an emphasis on deployment rather than experimentation.

Sarvam’s platform covers language, voice and multimodal systems, with a focus on operating conditions in India, including regulatory requirements, data sovereignty and cost-efficient deployment. That positioning is significant for banks, insurers, retailers, healthcare providers, manufacturers and public-facing enterprises that need AI tools capable of working across languages, accents and workflow environments.

YCP India is expected to bring sector knowledge, programme management and strategy advisory support. The company’s role will include helping clients identify high-impact use cases, redesign workflows, manage adoption within teams and ensure that AI deployments are tied to commercial outcomes rather than isolated technology trials.

The partnership will focus on three broad areas. The first is identifying and prioritising AI opportunities that have clear business value. This could include automating customer queries, improving internal knowledge retrieval, digitising documents, supporting frontline staff or building multilingual service channels. The second is co-delivering integrated solutions that connect Sarvam’s technology stack with enterprise systems. The third is joint execution, where YCP teams work with Sarvam engineers to support implementation and change management.

The timing reflects a wider shift in the AI market. Enterprises are moving from proof-of-concept work to production systems, but the transition requires more than access to a large language model. Companies need governance frameworks, reliable data pipelines, security controls, integration with enterprise resource planning and customer relationship management platforms, and clear accountability for outcomes. Without these elements, AI projects risk remaining confined to innovation teams without affecting day-to-day operations.

Sarvam has emerged as one of the key domestic AI companies building models and applications designed for the country’s linguistic and business environment. Its products include speech-to-text, text-to-speech, translation, document digitisation and conversational AI tools. The company has also been associated with broader efforts to develop sovereign AI capabilities, including foundational models built for secure, population-scale use.

The enterprise opportunity is expanding rapidly. The country’s AI market is expected to grow strongly through 2027, supported by enterprise technology spending, a deepening talent base and rising investment in AI-led transformation. Technology services firms and global capability centres are also pushing generative AI into software development, business process management, IT consulting and customer operations.

For Sarvam, the alliance with YCP India could strengthen access to boardroom-level transformation projects, where decisions are shaped by business value, risk controls and execution capacity. For YCP India, the tie-up adds a technology partner focused on locally relevant AI capabilities at a time when clients are demanding practical deployment roadmaps rather than advisory reports alone.

The challenge will be delivery. Enterprises often face fragmented data, uneven digital maturity and uncertainty over how AI should be governed. Regulated sectors also need clarity on privacy, auditability and accountability when automated systems influence customer interactions or internal decisions. The partnership will have to demonstrate that sovereign AI can be not only locally relevant but also robust, secure and commercially competitive against global platforms.

Cost will be another deciding factor. Many businesses are assessing whether AI systems can deliver enough savings or revenue gains to justify investment in infrastructure, integration and training. Sarvam’s emphasis on cost-efficient deployment could appeal to companies that want AI capabilities without depending entirely on expensive global model providers.

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HONG KONG SAR – Media OutReach Newswire – 8 May 2026 – Techcombank successfully hosted the Overseas Insurance Talent Roadshow 2026 at the Grand Hyatt Hong Kong, bringing together global insurance professionals and presenting long-term career opportunities in Vietnam’s evolving insurance market.

Global insurance professionals and industry leaders attend Techcombank’s Overseas Insurance Talent Roadshow 2026 in Hong Kong
Global insurance professionals and industry leaders attend Techcombank’s Overseas Insurance Talent Roadshow 2026 in Hong Kong

The event marked the first international debut of two insurance companies within Techcombank’s ecosystem — Techcom Life (life insurance) and Techcom Insurance (non-life insurance). Both entities are positioned to build a new generation of insurance, anchored in data, technology, and customer-centricity.

The roadshow featured senior leadership from across the ecosystem, including Mr. Pranav Seth, Chairman of Techcom Insurance; Mr. Mukesh Pilania, Chief Executive Officer of Techcom Life; and Ms. Veo Nguyen, Chief People Officer of Techcombank, alongside other executives leading key functions in technology, distribution, and product development.

Discussions at the event focused on Vietnam’s economic outlook and the evolving role of insurance in its next phase of development. Speakers highlighted the industry’s transition from traditional, product-led models toward data-driven, technology-enabled, and personalized approaches, with increasing emphasis on customer experience and long-term engagement.

Participants engaged in in-depth exchanges with the leadership team, gaining insights into Vietnam’s insurance landscape as well as a clearer understanding of the vision and long-term aspirations behind Techcombank’s newly established insurance businesses. The sessions reflected growing international interest in Vietnam as a high-potential market undergoing structural transformation.

Techcom Life, the group’s life insurance arm, has demonstrated strong early momentum, achieving a trajectory within six months and ranking No.1 in the bancassurance market in Q1 2026. Meanwhile, Techcom Insurance served over 650,000 customers in 2025 through a nationwide network of 280 branches and more than 3,500 sales professionals, reflecting its growing scale in the non-life insurance segment.

Hong Kong, one of Asia’s leading insurance hubs, is part of Techcombank’s broader international roadmap, following previous engagements in Singapore, the United States, Europe, and Australia.

Techcombank plans to continue the Overseas Insurance Talent Roadshow across additional global markets in 2026, as part of its strategy to attract international talent and support the development of a next-generation insurance ecosystem in Vietnam.
Hashtag: #Techcombank

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Air India is preparing deeper cost controls and fresh flight reductions as the Iran war pushes up fuel costs, disrupts airspace and intensifies pressure on a carrier still trying to complete one of the world’s most ambitious airline turnarounds.

The Tata Group-owned airline is weighing measures that could include furloughs for non-technical employees, salary reductions for senior executives, lower bonus payouts and capacity cuts of more than 20 per cent over the next three months. The review comes as the airline faces longer routings, higher aviation turbine fuel prices and weaker economics on several long-haul and regional services.

Nearly 100 domestic and international flights are expected to be trimmed through July, with North America, Europe and West Asia routes among the most exposed. Longer flight paths caused by restricted airspace across parts of West Asia have increased flying time, crew costs and fuel burn. For an airline with a large share of wide-body operations, even a modest extension of flight time can turn a marginal route into a loss-making one.

Chief executive Campbell Wilson has told staff that the airline had already scaled back some services in April and May, but worsening operating conditions required further action in June and July. The cuts are being framed as a temporary response to abnormal costs rather than a reversal of Air India’s expansion strategy, though they underscore the fragility of the carrier’s recovery.

Air India’s financial strain predates the latest escalation in West Asia. The airline has been absorbing the cost of fleet renewal, cabin refits, technology upgrades, merger integration and service improvements since Tata Group acquired it from the government in 2022. Its merger with Vistara has expanded its premium network and given Singapore Airlines a stake of just over 25 per cent in the enlarged carrier, but the integration has also added complexity at a time of volatile fuel markets and aircraft supply delays.

The airline’s losses for the year ended March 2026 have been estimated at more than ₹220 billion, a sharp deterioration linked to high fuel costs, airspace restrictions, operational disruptions and the heavy cost of restructuring. The figure has raised expectations that shareholders may need to provide additional financial support while management attempts to protect liquidity.

War-linked airspace restrictions have hit Air India more severely than many rivals because of its geography. Flights between the subcontinent and North America or Europe often depend on corridors through Pakistan, Iran, Iraq and surrounding regions. With some of these routes restricted or avoided for safety reasons, aircraft must take longer paths, increasing fuel consumption and reducing aircraft productivity.

The carrier has also faced constraints from aircraft availability. Refits of Boeing 787 aircraft, delivery delays and maintenance requirements have limited flexibility in reallocating capacity. The airline’s earlier suspension of Delhi-Washington services highlighted how aircraft shortages and airspace restrictions can combine to make long-haul routes commercially difficult even where demand exists.

Air India’s planned cuts come against a wider global aviation squeeze. Jet fuel prices have surged as the Iran war disrupted energy markets and raised fears over supply through the Gulf. Airlines with weaker fuel hedging, older fleets or longer detour-heavy networks face the harshest impact. Some carriers are raising fares, while others are cutting capacity to protect cash and preserve operational reliability.

For passengers, the adjustments could mean fewer non-stop choices, higher fares on peak routes and greater reliance on partner airlines through hubs such as London, Frankfurt, New York, Newark, Chicago and San Francisco. Air India is expected to prioritise commercially stronger routes and maintain connectivity where demand, yields and aircraft availability justify operations.

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