Business

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.

Companies in UK owned by Indian diaspora paid GBP 1 bn in taxes: Report

The report, produced by Grant Thornton UK jointly with the Indian High Commission in London and the Federation of Indian Chambers of...

WeWork appoints Indian-origin real estate veteran Sandeep Mathrani as CEO

Office space provider WeWork on Sunday announced that Indian-origin executive Sandeep Mathrani will join the Company as Chief Executive...

Indian-origin Arvind Krishna to be new IBM CEO

Indian-origin executive Arvind Krishna, 57, is set to take charge of International Business Machines Corp (IBM) from April after its Chief...

Indian government offers 100% stake in Air India for sale; sets March 17 deadline for bids

The Indian government on Monday set March 17 as the new deadline for submitting expressions of interest in acquiring a 100 per cent stake in...

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...

Microsoft, Google on opposite sides of debate over EU proposal to temporarily ban facial-recognition tech

Microsoft and Google came down on opposite sides of the European Union proposal to temporarily ban facial-recognition technology.

India, UK attracted record tech investments in 2019: Report

India attracted tech investments worth USD 9.36 billion in 2019, a 95 per cent increase compared with the previous year, according to data...

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...

Walmart India sacks 56 employees in restructuring drive

Global retail giant Walmart is in the process of sacking over 50 of their employees based at the Gurugram headquarters in India.