Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.
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Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021
NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow from next February.
S. Iswaran inaugurates Tata Consultancy Services’ Digital Acceleration Centre
Minister for Communications and Information, Singapore S. Iswaran launched Tata Consultancy Services’ Digital Acceleration Centre
Singapore Airlines raises SGD 850 million convertible bond with strong investor support
Singapore Airlines (SIA) successfully raised SGD 850 million via a convertible bond issue that has been placed with a variety of institutional investors.
Last Sikh queen’s jewellery collection sold at UK auction house Bonhams’ event
Jewels that once belonged to Maharani Jindan Kaur, the last wife of Sikh Empire ruler Maharaja Ranjit Singh, and which were later inherited by her granddaughter, Princess Bamba Sutherland, were among the highlights of an auction in London.
DBS launches online tracking for cross-border payments in Asia’s first
More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional fee.
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 produce firearms.
India, UK to negotiate new free trade deal: Indian Commerce Minister Piyush Goyal
Piyush Goyal, Union Minister of Commerce and Industry & Railways, said that India and the United Kingdom will begin the process of negotiations for a Free Trade Agreement (FTA) shortly.
Singapore-based NRI media entrepreneurs announce USD 100 Million IPO on NASDAQ
Vistas Media Acquisition Company (VMAC), co-founded by Singapore-based NRI, media entrepreneurs Abhayanand Singh and Saurabh Gupta, commenced trading of an initial public offering (IPO) of USD 100 million on the Nasdaq Stock Market.
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.
