Indian-American corporate executive Ajay Banga took over as the President of the World Bank, becoming the first person of colour to head either the World Bank or the International Monetary Fund.
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Singapore wealth analysis: Are you in the top 1%? You are, if you’ve got SGD 4.76 million
Being in the “top 1 per cent” is the 21st century definition of being truly wealthy. In Singapore, a net worth of USD3.5 million puts you in that bracket, according to The Wealth Report 2023 by Knight Frank.
Singapore most expensive city in Asia-Pacific to buy or rent property: Report
According to a recent survey, Singapore’s private residential property now ranks as the most expensive in the Asia-Pacific.
Tipu Sultan’s personal sword auctioned for record price of INR 140 crore
The bedchamber sword of Tipu Sultan, the 18th century ruler of Mysuru, sold for INR 140 crore (GBP 14 million pounds or USD 17.4 million) at an auction in London.
Panel investigating Hindenburg allegations against Adani Group gives clean chit to SEBI
A Supreme Court-appointed expert panel investigating India’s regulatory mechanism regarding the Hindenburg allegations against the Adani Group said it appears there was no regulatory failure on the part of market regulator Securities and Exchange Board of India (SEBI).
Singapore becomes world’s largest producer of sustainable aviation fuel, with 1 million tonnes capacity at new Neste plant
Neste of Finland had first invested in Singapore in 2007, establishing a renewable diesel refinery. The new SAF plant sits next to the first refinery. Located in Tuas, Singapore, the SAF plant cost SGD2.2 billion.
Boom time in aviation: SIA Group posts net profit of SGD2.16bn, the highest in its 76-year history
The Group said that it used the challenges of the pandemic “to shore up liquidity and build its financial resilience”. It also retained most of its “talented staff”.
Indian economy: ‘Telangana speed’ brings USD500m investment from Foxconn, to create 25,000 jobs in the state
Taiwan-based Foxconn, one of the largest contract manufacturing companies in the world, and the government of Telangana, have held the groundbreaking ceremony for a new plant near Hyderabad.
Emirates airline makes boarding from Dubai fully digital; Emirates Group posts USD3 billion profit
From May 15, all passengers of Emirates airline departing from Dubai International Airport (DXB) will be using a mobile boarding pass instead of a printed boarding pass.
Walmart to export goods worth USD 10 billion from India by 2027: CEO Doug McMillon
Retail giant Walmart yesterday said India’s unique ecosystem of suppliers will help the company reach its goal of exporting goods worth USD 10 billion from the country annually by 2027.
