With less than five months left before the leadership transition at DBS, the group notched up a major achievement, as its third-quarter 2024 net profit crossed SGD 3 billion for the first time — the Q3 net profit rose 15 per cent from a year ago and 8 per cent from the previous quarter to reach SGD 3.03 billion.
Hashtag: #BusinessNews
India’s Adani Power cuts electricity supply to Bangladesh over unpaid bill
India’s Adani Power slashed electricity supply to neighbouring Bangladesh over unpaid bill
Apple CEO Tim Cook announces 4 new retail stores in India as company achieves record revenue in Sept quarter
In the September quarter, Apple reported revenue of USD 94.9 billion, a 6 percent hike from a year ago. “We continue to be excited by the enthusiasm we’re seeing in India, where we set an all-time revenue record. This has been an extraordinary year of innovation at Apple,” Cook said during the quarterly earnings call on Thursday, October 31.
ZEE5 Global appoints Manish Kalra as Chief Business Officer to drive international expansion
In his new capacity, Kalra will spearhead the strategic growth of ZEE5’s global footprint, alongside India, focusing on international audience engagement, partnerships, and market expansion, and drive the platform’s growth and profitability worldwide.
India outshines China in gold purchase by 51% in 3 months
India’s gold demand saw an 18 percent year-on-year (YoY) increase for the July-September period.
Abu Dhabi crown prince visits Singapore; 8 MoUs signed, ranging from AI to clean energy
Reporting on the Singapore visit, the Abu Dhabi Media Office said: “His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has attended a networking event with members of the UAE-Singapore Business Council, during his official visit to the Republic of Singapore.”
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
India remains world’s largest growing economy, but 3 key reforms needed, says IMF Asia-Pacific director
In 2024, the upcoming festival of Diwali, celebrated by the Indian diaspora around the world, is expected to see a total domestic spending of INR 1.8 trillion (USD 21.18 billion) by urban Indians alone. The size of the whole Diwali market in India is about 2.5 times that figure.
Digital payment transactions in India more than doubles since 2021, according to RBI economist
Digital payment transactions in India more than doubles since 2021.
Air India and Singapore Airlines add 51 new codeshare destinations to their partnership
From 27 October 2024, Air India and SIA will codeshare on each other’s flights between Singapore and the Indian cities of Bengaluru and Chennai, increasing their total weekly scheduled codeshare services between the countries to 56 from 14.
