Focus Story

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...

UKIBC appoints Indian-origin Jayant Krishna as new CEO

The UK India Business Council has announced that Jayant Krishna has accepted the invitation of the Board to become its new Group Chief...

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync has secured seed-funding from lead investors Wong Fong Industries Ltd., SEEDS Capital, Angelhub and...

CII report finds that Indian companies generate 125,000 jobs in US

A report, 'Indian Roots, American Soil 2020' issued by the Confederation of Indian Industries (CII) found that as many as 155 Indian...

MAS launches SGD 1.75 million FinTech challenge focusing on COVID-19 and climate change

Themed “Building Resilience, Seizing Opportunities, Emerging Stronger”, the MAS Global FinTech Innovation Challenge aims to promote...

Mukesh Ambani moves ahead of Jack Ma as Asia’s richest person after Facebook deal: Bloomberg

In a massive deal, Facebook Inc. will be investing USD 5.7 billion in Ambani’s Jio Platform - the social networking leader’s biggest...

Facebook invests SGD 8.15 billion in India's Jio Platforms

The tech giant said the investment aims to enable new opportunities for businesses of all sizes in India, in particular, the more than 60...

Indian GDP growth forecast for 2020 down to 5.1%, says OECD amid global COVID-19 concerns

The Organisation for Economic Cooperation and Development (OECD) has lowered India’s Gross Domestic Product (GDP) growth forecast to 5.1...

SBI Cards raises SGD 544 mn from investors like Singapore government, MAS ahead of IPO

State Bank of India (SBI) Cards and Payment Services has raised SGD 544 million (INR 2,769 crore) from investors, including the Singapore...

India world’s fifth largest economy in 2019, overtaking the UK and France: Report

According to an independent United States-based think tank report, India emerged as the world's fifth largest economy, overtaking the United...

DBS reports record SGD 6.39 billion profits for 2019

DBS fourth-quarter earnings increased 14 per cent to SGD 1.51 billion.

Singapore-based Zilingo makes three top appointments

Zilingo is a technology platform that powers the fashion supply chain and was founded in 2015 by Ankiti Bose and Dhruv Kapoor.

Budget 2020: FM clarifies only NRIs' India income to be taxed

Indian Finance Minister Nirmala Sitharaman announced in her Union Budget speech that NRIs who don't pay taxes in a foreign country will now...

Pine Labs becomes first Indian unicorn of 2020 with Mastercard deal

Pine Labs, a point-of-sale and merchant commerce solution provider incorporated in Singapore, has become the first unicorn of 2020 from...

IMF lowers Indian growth estimate for 2019, also cuts global growth rate

The International Monetary Fund (IMF) on Monday lowered the growth estimate for India to 4.8 per cent for 2019, a cut of 1.3 per cent in...

DBS launches QR-based payment solution for businesses

Paying suppliers and vendors with cash could soon be a thing of the past for Singapore’s 28,000 coffee shops, hawker centres and...

Bezos: Will export Indian goods worth USD 10 billion by 2025

Kicking off a two-day summit in New Delhi, Amazon Inc founder Jeff Bezos on Wednesday said his company will use its global footprint to...

OYO lays off over 1,000 workers in ‘right-sizing’ drive

Indian hospitality unicorn OYO announced plans to downsize over 1,000 people in India and 600 in China as part of its restructuring and...

India curbs palm oil imports from Malaysia over their PM’s anti-CAA stance

Economic and diplomatic ties between India and Malaysia ties are likely to take a hit with New Delhi deciding to put curbs on palm oil...

RuPay offering cashback offers on international transactions

In line with the push to globalise domestic e-payment services, the National Payments Corporation of India (NPCI) said on Thursday that it...

LGBT-focused streaming service softening conservatism in Asia

GagaOOLala, an LGBT-themed streaming service, has launched more than 1,000 feature films, shorts, web series, and documentaries, now...

Singapore-based Vertex Growth Fund leads Series E funding in Indian company Licious

The funds raised will reportedly be used towards expanding Licious’ presence across the country.