A Supreme Court-appointed expert panel investigating India’s regulatory mechanism regarding the Hindenburg allegations against the Adani Group said it appears there was no regulatory failure on the part of market regulator Securities and Exchange Board of India (SEBI).
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Singapore becomes world’s largest producer of sustainable aviation fuel, with 1 million tonnes capacity at new Neste plant
Neste of Finland had first invested in Singapore in 2007, establishing a renewable diesel refinery. The new SAF plant sits next to the first refinery. Located in Tuas, Singapore, the SAF plant cost SGD2.2 billion.
Boom time in aviation: SIA Group posts net profit of SGD2.16bn, the highest in its 76-year history
The Group said that it used the challenges of the pandemic “to shore up liquidity and build its financial resilience”. It also retained most of its “talented staff”.
Indian economy: ‘Telangana speed’ brings USD500m investment from Foxconn, to create 25,000 jobs in the state
Taiwan-based Foxconn, one of the largest contract manufacturing companies in the world, and the government of Telangana, have held the groundbreaking ceremony for a new plant near Hyderabad.
Emirates airline makes boarding from Dubai fully digital; Emirates Group posts USD3 billion profit
From May 15, all passengers of Emirates airline departing from Dubai International Airport (DXB) will be using a mobile boarding pass instead of a printed boarding pass.
Walmart to export goods worth USD 10 billion from India by 2027: CEO Doug McMillon
Retail giant Walmart yesterday said India’s unique ecosystem of suppliers will help the company reach its goal of exporting goods worth USD 10 billion from the country annually by 2027.
Bailout for Go First unlikely until engine supply issues solved: MoS Aviation VK Singh
Cash-strapped Go Airlines (India) Ltd is unlikely to get a government bailout unless something could be done about the engine supply bottleneck, an Indian minister said.
Singapore Customs arrests two men with 4,150 cigarette cartons, evading nearly half-a-million dollars in duties and taxes
Singapore Customs has released information about the arrest of two Singaporean men, aged 19 and 26. The duties and taxes they tried to dodge on thousands of cigarette cartons amounted to SGD444,216.
DBS Singapore told to set aside SGD1.6 billion by MAS after digital banking outage
DBS Singapore, one of the top banks in South Asia, has been ordered by the Monetary Authority of Singapore to make an additional provision to cover any losses following the latest outage in the bank’s digital services.
DBS Singapore digital banking disrupted… again; bank cites high traffic volume
Customers of DBS Singapore experienced intermittent outage on May 5, while trying to access digital banking services. This follows the daylong outage experienced by DBS users on March 29.
