Business

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...

DBS enables over 800 merchants on e-Bazaar platform to get paid instantly

DBS is stepping up to allow more than 800 merchants on e-Bazaar platform, BazaarRia, to get paid instantly.

India’s e-Commerce Industry Forecast to hit $188 Billion by 2025

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...

SensorFlow raises USD 8.3 Million in Series A+ funding

Singapore-based startup, SensorFlow has raised USD 8.3 million in Series A+ funding, to advance its solutions and for international...

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-American Sonia Syngal appointed CEO of clothing retailer Gap

United States’ clothing retailer Gap Inc named Indian-American Sonia Syngal as the new chief executive officer (CEO) in a bid to reverse...

NRIs can acquire 100% stake in Air India under new government norms

Indian Union Minister of Heavy Industries and Public Enterprises Prakash Javadekar announced on Wednesday that Non-resident Indians (NRIs)...

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...

Ajay Banga set to go from Mastercard CEO to chairman from 2021

Mastercard CEO Ajay Banga will leave his position next year and take over as executive chairman, the company announced.

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.