Business

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.

SMEs in Singapore to focus on productivity in 2020: UOB survey

One of the ways SMEs are planning to achieve their productivity goals is to increase their investments in technology.

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...

67 per cent of China-made toys tested fail Indian safety standards: Study

A recent Indian study found hazardous heavy metals and other lethal materials used in kids’ toys that were made in China.

Singtel, Grab team up for digital bank licence in Singapore

Singapore-headquartered Grab Holdings is partnering local telecommunications company Singtel to form a consortium to apply for a digital...

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.

Zilingo acquires Sri Lanka-based nCinga Innovation in SGD 15.5 million deal

Singapore-headquartered Zilingo has acquired Sri Lanka-based software company nCinga Innovations in a landmark SGD 15.5 million cash and...

Maybank Kim Eng cuts 5 per cent of Singapore manpower

Maybank Kim Eng has reduced 5 per cent of its manpower in Singapore amid stiff competition from fintech firms, according to news reports.

Airtel stakeholder Bharti Telecom seeking nod for Singtel investment: Sources

Bharti Airtel promoter Bharti Telecom has sought the Indian government’s permission to allow an SGD 937.03 million (INR 4,900 crore)...

Tookitaki appoints Subhas Samanta as V-P of Research & Engineering

Singapore-based financial regulator startup Tookitaki has hired Subhas Samanta, ex-Director of LinkedIn, as their new Vice-President of...

Google's Sundar Pichai appointed CEO at parent firm Alphabet

According to media reports, Google's Sundar Pichai will be taking over the role of Chief Executive Officer (CEO) at parent firm Alphabet...

Singapore-based startup SensorFlow offers energy optimisation solutions for hotels in Asia

Singapore-based startup SensorFlow offers energy optimisation solutions that combine the use of Internet of Things and Artificial...

Dyson's new global HQ is at the historic St James Power Station in Singapore

British technology company Dyson will be shifting its global headquarters to Singapore in 2021, the company said on Thursday, November 28.

Catapulting moneylending into the cyber age: LendFoundry CEO Sandeep Phophaliya

Money-lending is one of the cornerstones of the global economy, with the concept almost as old as currency itself.

Singapore startup Tookitaki announces SGD 26.2 mn Series A funding round

Singapore-based anti-money-laundering startup Tookitaki announced on Monday that it has raised an additional USD 11.7 million in funding...

Office-sharing firm WeWork lays off 2,400 employees worldwide

The layoff affects roughly a fifth of WeWork's workforce, as the company struggles to reorganise amid mounting losses.

EU-Singapore free trade agreement kicks off

Companies based in Singapore will get to enjoy greater market access into the EU.

New Creation Church's business arm to acquire The Star Vista from Capitaland

CapitaLand is selling The Star Vista for SGD 296 million to Rock Productions, the business arm of New Creation Church.

DBS adopts AI-powered screening technology to enhance compliance

As financial criminals grew increasingly sophisticated, DBS Bank has implemented an artificial intelligence (AI) powered solution to fend...