Singapore’s sovereign wealth fund GIC has tied up with Tata Group’s Indian Hotels Company (IHCL) to invest whopping SGD790 million (INR40 billion) to acquire hotels in India.
Category: Corporate
Singtel posts stable Q4 profit, full-year net profit down 44 percent
Singtel reported a stable Q4 net profit for the quarter that ended on March 31.
OCBC reports SGD1.3 billion net profit after tax for first quarter of 2019, up 33% from last quarter
OCBC reported a net profit after tax of SGD1.23 billion for the first quarter of 2019 that ended on March 31, an 11 percent from last year.
DBS reports record profit for 2019Q1 at SGD1.65 billion
DBS Group’s has reported a record net profit for first quarter of 2019, with an increase of 9 percent to SGD 1.65 billion.
Singapore-based private equity firms investing heavily in India’s real estate sector
With funding from Indian banks and non-banking financial companies drying up in the real estate sector, Singapore-based investors are betting big on Indian commercial realty and sunshine sectors such as logistics and warehousing, says a report by ANAROCK, a real estate consulting firm.
Singapore sovereign wealth fund GIC reduces stake in India’s DLF
Singapore government’s sovereign wealth fund GIC reduced its equity stake in DLF, the largest homegrown real estate developer in India.
NTU goes cloud for its digital transformation agenda
NTU Singapore has adopted cloud-based enterprise technology as part of its digital transformation efforts for its administrative processes.
Uber launches new APAC headquarters in Singapore
Despite not having immediate plans for activities in Singapore, Uber has no plans to relocate its Asia Pacific (APAC) regional hub.
Jet Airways chairman resigns amid airline’s financial woes
India’s private Jet Airways Chairman Naresh Goyal has stepped down from his position.
Singapore-based InstaRem announces close of USD41 million Series C funding round
InstaReM, a Southeast Asia-based digital cross-border payments company, has announced the close of its SGD55.4 million (USD41 million) Series C funding round in Singapore. The latest round of funding is led by Singapore’s Vertex Growth Fund and is supported by a new investor Atinum Investment.
