Corporate

US discount brokerage company Charles Schwab to shut down Singapore office

American discount brokerage company Charles Schwab Corp has announced the closure of its Singapore office less than two years after opening...

Oyo buys Las Vegas hotel in US expansion bid

India-based Oyo Hotels and Homes has taken over the Las Vegas Hooters Casino Hotel in what is its first property purchase in the United...

Major upsurge in Indian companies joining Dubai business chamber

The first six months of 2019 has seen an 18 per cent increase in Indian businesses signing up to be members of the Dubai Chamber of Commerce...

Visa launches new measures to combat payment fraud

Financial services provider Visa announced a suite of innovative security capabilities to help prevent payment fraud.

HSBC to axe thousands of jobs globally but says Singapore key to growth

British bank HSBC is set to overhaul its operations by axing thousands of jobs globally. The bank is set to get rid of 2 per cent of its...

PhonePe gets SGD 139-mn fund infusion from Singapore parent company

Flipkart's online payment app PhonePe has received SGD 139.15 million (INR 697.91 crore) in a fresh fund infusion from its Singapore parent...

Pinterest’s new Singapore office to operate SE Asia, India hub

Photo-sharing social media firm Pinterest has launched its Singapore office to better operate across South East Asia and India. This is...

Deustche Bank axes Asia-Pacific teams in global jobs cut

As part of its strategic overhaul, Deutsche Bank will be axing 18,000 jobs globally.

Singapore: CapitaLand-Ascendas merger creates one of Asia’s largest real estate groups

Singapore-based realty major CapitaLand Ltd announced it has completed the acquisition of Temasek-owned Ascendas-Singbridge, resulting in...

August deadline for Reliance Infra’s Delhi-Agra toll road deal with Singapore company

Anil Ambani-led Reliance Infrastructure announced today that its sale of the Delhi-Agra toll road to Singapore-based Cube Highways and...

DBS champions social entrepreneurship across Asia

The 2019 cycle of the Development Bank of Singapore (DBS) Foundation Social Enterprise (SE) Grant is now open for application.

Commercial Indian real estate a good bet: Anarock Consultants

Anarock Property Consultants are pitching India’s commercial office property as an investment alternative for Non-Resident Indians in a...

US-India Business Council to give Sundar Pichai global leadership award

Sundar Pichai, Google's chief executive officer and Adena Friedman, Nasdaq's president and chief executive officer, will be given Global...

TCS among Top 50 companies recognised for diversity

Tata Consultancy Services (TCS) was the only Indian company in the US to be recognised in DiversityInc’s 2019 Top 50 Companies for...

DBS looks to attract brightest tech talents through global hackathon

Named Paradigm Shift, DBS' new global hackathon focuses on building a customer-centric approach to developing cutting-edge services for...

IKEA partner Ingka Group invests in Indian home furnishing startup Livspace

India-based home design and renovation platform Livspace has received funding from Ingka investments, the investment arm of Ingka Group.

Singapore’s GIC, IHCL strike SGD790 million deal to acquire premium hotels in India

Singapore’s sovereign wealth fund GIC has tied up with Tata Group’s Indian Hotels Company (IHCL) to invest whopping SGD790 million...

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...

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)...

Positive outlook for Singapore banks as investors show interest from flight-to-quality angle

The outlook for Singapore's banking sector remains positive, with significant interest among Malaysian investors.

Global investments in Indian start ups cross 11.5 billion mark

The global investment flows into the Indian start ups has crossed 11.5 billion US dollars, underscoring the growing confidence of investors...