MAP convention starts today

KARACHI: The Management Association of Pakistan’s 19th three-day convention on “Rising with the Millennials – Creating Sustainable Businesses” is starting here from Tuesday. The annual gathering will focus on how business leaders are required to ensure sustainable strategies and harness the talents of millennials, said a press release.

Abu Dhabi to invest $1bn in India’s NIIF

MUMBAI: India’s National Investment and Infrastructure Fund (NIIF) on Monday said it signed a $1 billion investment deal with a unit of Abu Dhabi Investment Authority (ADIA) — one of the largest sovereign wealth funds in the world.

NIIF, a quasi-sovereign wealth fund, said ADIA will become the first institutional investor in its master fund.

The corpus of NIIF, created by the Indian government to boost infrastructure financing, is proposed to be about $6bn, with a 49 per cent investment from the government.—Reuters

BlackBerry shares down

NEW YORK: BlackBerry Ltd’s US-listed shares fell more than 1 per cent on Monday, their first day of trading on the New York Stock Exchange, after a second senior executive at its patent licensing unit quit this month.

Victor Schubert, who was a licensing director for BlackBerry, said on Friday he was no longer with the company, following on the heels of the departure of Mark Kokes, who led BlackBerry’s overall strategy.

BlackBerry is trying to get companies to pay licensing fees for the use of its 40,000 global patents on technology. The company is hoping the move will curb a six-year revenue decline as customers ditched its once-popular smartphones for Android and Apple devices.

Published in Dawn, October 17th, 2017