Corporate

Flipkart Internet gets SGD 655 mn fund infusion from Singapore ahead of Diwali season

Flipkart Internet, the online marketplace arm of the Walmart-backed company in India, has received an over SGD655-million (INR3,462-crore)...

ComfortDelGro partners Finnish start-up to launch 'Netflix of transport'

ComfortDelGro Corporation has partnered Finnish startup MaaS Global to launch “WHIM”, a multi-modal transport app.

SBI plans to tap India-Singapore remittance corridor worth SGD1.16 billion

State Bank of India is one of the largest banks of the nation and also caters to thousands of overseas Indians living in different parts of...

SEBI panel suggests relaxing FPI norms against NRIs, overseas Indian-backed funds

In a move that is set to bring major relief to foreign fund owners, a Securities and Exchange Board of India (SEBI) appointed panel has...

Singapore’s Temasek to invest USD400 million in NIIF for boosting infrastructure in India

To boost infrastructure financing in India, Singapore-based Temasek has agreed to invest as much as USD400 million (SGD550 million) in the...

Grab's revenue expected to double in 2019

Grab's co-founder Hooi Ling Tan said it is on track to raise US$3 billion of funding before the end of this year.

OCBC apologises for software failure that caused outage for 3-4 hours

OCBC said the incident was due to a software failure that was not detected "due to a human oversight".

Indian airlines expected to lose up to S$2.6 billion this year

Indian airlines have completely lost pricing power as a result of the rapid influx of capacity.

India’s aviation sector hit by cheap tickets, high oil prices and declining rupee

Experts have warned that churning out cheap tickets and an over-reliance on favourable fuel pricing are unsustainable in the long run.

Singapore’s GIC acquires minority stake in Indian realty firm Provenance Land

​Taking advantage of the push for investment into India and economic partnership with Singapore, the city-state’s sovereign wealth fund...

SPH Group appoints Connected to India as advertising sales representative for tabla! in India and the Middle East

Singapore’s largest publishing company Singapore Press Holdings (SPH) has appointed online media company Connected to India to sell...

Remitly updates Indian market services, signs R Madhavan as Brand Ambassador

Continuing its international expansion efforts to bring its service to more overseas Indian communities worldwide, Remitly, a private...

Jet Airways clarifies rumours that airline may be grounded in 60 days

India’s biggest full-service carrier Jet Airways reportedly told its pilots the airline may be grounded in 60 days, unless cost-cutting...

Singtel wins Telecom Asia Award for Best Mobile Carrier

Mobile service provider Singtel was named Asia’s Best Mobile Carrier at the recent Telecom Asia Awards 2018.

DBS posts 20 percent increase in Q2 profits

DBS said it benefited from rising local interest rates and fee income from its expanding wealth management operations.

SAP Skills University Singapore to train ICT experts in Lion City

To build a talent pool of Information and Communications Technology (ICT) experts in Singapore, SAP today signed a Memorandum of...

Market regulators in India, Singapore task SGX and NSE to 'amicably resolve' futures dispute

Following months of uncertainty, market regulators of India and Singapore stepped in to ensure that the NSE and SGX “come up with a...

Grab and NUS launch joint AI lab to develop smart urban transport solutions for Southeast Asia

Grab has partnered NUS to launch an AI laboratory to develop solutions to transform urban transportation in Southeast Asia.

Bank of Singapore to open wealth management subsidiary in Europe

Bank of Singapore has extended its wings in Europe as it has been granted an investment company license to operate a wealth management...

Sabanitha Shanmugasundram appointed as Head, Indian Audience in Mediacorp

Sabanitha Shanmugasundram has been appointed as the Head, Indian Audience for the media company Mediacorp. In addition to this, Oliver Chong...

Save expense receipts from work trips abroad to claim tax exemption

Be sure to save your expense and travel receipts from work trips abroad, warned the Indian tax authorities.

Indian-American entrepreneurs recognised as Silicon Valley’s 2018 ‘Women of Influence’

Global Upside’s co-founder and COO Gita Bhargava and 10 other Indian American women entrepreneurs have been recognised as 2018’s most...

FWD Insurance partners DBS to launch e-claims payments via PayNow

Insurance company FWD has collaborated with DBS Bank (DBS) to provide electronic payment of claims via PayNow.

Singtel donates SGD10 million to Esplanade’s new waterfront theatre

Singtel announced on the weekend that it will contribute SGD10 million towards Esplanade – Theatres on the Bay’s development of a new...

IKEA takes environmental friendly decision to use only renewable and recycled materials by 2030

In its latest commitment to the environment, furniture retailer IKEA has planned to use only renewable and recycled materials in its...

World Bank sees India as fastest growing economy for next three years

The Indian economy will see a robust GDP growth of 7.3 per cent in 2018-19 and 7.5 per cent in 2019-20 for the next two years as “factors...