Business

Chennai-based Lakshmi Vilas Bank merges with DBS unit

Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.

Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021

NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow...

Singapore Airlines raises SGD 850 million convertible bond with strong investor support

Singapore Airlines (SIA) successfully raised SGD 850 million via a convertible bond issue that has been placed with a variety of...

British firms invested GBP 140 mn in India in 2020 despite pandemic: Report

The latest Confederation of Business Industry (CBI) and Ernst & Young Sterling Access' report, which examines trade between the UK and...

Luxury homes worth INR 500 crore sold in South-Central Mumbai in October: Report

Beginning the festive quarter on a distinct upbeat note, South-Central Mumbai localities witnessed luxury home sales worth INR 500 crore...

UK firms say it is easier to do business in India now: Survey

A survey revealed that nearly two-thirds of United Kingdom-based businesses operating in India believe it is getting easier to do business...

US court asks ISRO's commercial arm to pay USD 1.2 bn to Bengaluru startup

A United States court has asked Antrix Corporation, the commercial arm of the Indian Space Research Organisation (ISRO), to pay compensation...

DBS launches online tracking for cross-border payments in Asia's first

More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional...

DBS named safest bank in Asia for 12th year running

DBS has been named the "Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.

Google announces "end of office" with Google Workspace

Google Cloud has announced Google Workspace, which brings together messaging, meetings, docs, and tasks in an integrated experience.

Indian-origin brothers acquire majority stake in UK supermarket chain

Indian-origin billionaire brothers Mohsin and Zuber Issa announced plans to acquire a majority stake in the leading UK supermarket chain...

SmartClean Technologies secure S$3.7 million pre-Series A funding, aim to digitally revolutionize cleaning industry

SmartClean Technologies an IoT and AI-powered solutions providing start-up for the cleaning industry, secured S$3.7 million (US$2.7 million)...

UK's Webley & Scott becomes first global firearms firm to set up production unit in India

Webley & Scott, one of the oldest arms manufacturers in the world, will be setting up a manufacturing unit in Hardoi, Uttar Pradesh to...

STB partners Visa to help Singapore SMEs impacted by COVID-19

The STB-Visa collaboration will on two strategic areas to revive the local tourism industry – joint research and analytics and marketing...

Facebook to give SGD4.75 million in grants to small businesses in Singapore

Facebook Singapore will be providing SGD 4.75 million in grants to businesses in the country that have experienced challenges due to the...

Singapore businesses are the most digitally-ready in APAC: DBS survey

Close to 45 per cent of corporates in Singapore have a well-defined digital strategy.

Seven Indian-Americans in Forbes list of richest people in the United States

Seven Indian-Americans have figured in Forbes’ list of richest people in the United States, which was topped by Amazon founder Jeff Bezos...

Singapore Airlines Group cuts around 4,300 positions

The Singapore Airlines (SIA) Group announced on Thursday, September 10, that it will be cutting around 4,300 positions across its airlines.

Amazon to launch online pharmacy in India

“Amazon Pharmacy” will provide both over-the-counter and prescription-based drugs, basic health devices as well as traditional Indian...

Singapore-based NRI media entrepreneurs announce USD 100 Million IPO on NASDAQ

Vistas Media Acquisition Company (VMAC) announced it has commenced trading of an initial public offering (IPO) of USD 100 million on The...

DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside

DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.

'Ola Corporate' services to kick off in UK, Australia and New Zealand

Bengaluru-based ride-hailing company Ola announced it has rolled out its new enterprise offering 'Ola Corporate' services to Australia, New...

Specify 'country of origin' of products, Amazon India tells sellers

Amazon India yesterday announced that it will introduce “country of origin” as a mandatory attribute in its category listings.

Google announces USD 4.5 bn investment in Reliance Jio

In the first investment from the Google For India Digitisation Fund announced earlier this week, Google announced a multi-billion dollar...

Indian-origin Prabhakar Raghavan appointed head of Google Search

American tech giant Google has appointed Indian-origin tech executive Prabhakar Raghavan as the new head of its Search and Assistant...