More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.
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Singapore Airlines to inject USD 378 million into Air India post Vistara merger
Vistara, which seized its operations with its last international flight to Singapore on Tuesday midnight, was a joint venture between India’s Tata Group and the Singapore Airlines. It had commenced operations on January 9, 2015.
DBS Group announces SGD 3 billion share buyback programme, after posting record net profit in Q3 2024
With less than five months left before the leadership transition at DBS, the group notched up a major achievement, as its third-quarter 2024 net profit crossed SGD 3 billion for the first time — the Q3 net profit rose 15 per cent from a year ago and 8 per cent from the previous quarter to reach SGD 3.03 billion.
India’s Adani Power cuts electricity supply to Bangladesh over unpaid bill
India’s Adani Power slashed electricity supply to neighbouring Bangladesh over unpaid bill
Apple CEO Tim Cook announces 4 new retail stores in India as company achieves record revenue in Sept quarter
In the September quarter, Apple reported revenue of USD 94.9 billion, a 6 percent hike from a year ago. “We continue to be excited by the enthusiasm we’re seeing in India, where we set an all-time revenue record. This has been an extraordinary year of innovation at Apple,” Cook said during the quarterly earnings call on Thursday, October 31.
ZEE5 Global appoints Manish Kalra as Chief Business Officer to drive international expansion
In his new capacity, Kalra will spearhead the strategic growth of ZEE5’s global footprint, alongside India, focusing on international audience engagement, partnerships, and market expansion, and drive the platform’s growth and profitability worldwide.
India outshines China in gold purchase by 51% in 3 months
India’s gold demand saw an 18 percent year-on-year (YoY) increase for the July-September period.
Abu Dhabi crown prince visits Singapore; 8 MoUs signed, ranging from AI to clean energy
Reporting on the Singapore visit, the Abu Dhabi Media Office said: “His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has attended a networking event with members of the UAE-Singapore Business Council, during his official visit to the Republic of Singapore.”
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
India remains world’s largest growing economy, but 3 key reforms needed, says IMF Asia-Pacific director
In 2024, the upcoming festival of Diwali, celebrated by the Indian diaspora around the world, is expected to see a total domestic spending of INR 1.8 trillion (USD 21.18 billion) by urban Indians alone. The size of the whole Diwali market in India is about 2.5 times that figure.
