Corporate

Indian-origin brothers acquire majority stake in UK supermarket chain

Indian-origin billionaire brothers Mohsin and Zuber Issa announced plans to acquire a majority stake in the leading UK supermarket chain...

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...

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...

DBS named safest bank in Asia for 12th year running

DBS has been named the "Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.

Singapore businesses are the most digitally-ready in APAC: DBS survey

Close to 45 per cent of corporates in Singapore have a well-defined digital strategy.

Seven Indian-Americans in Forbes list of richest people in the United States

Seven Indian-Americans have figured in Forbes’ list of richest people in the United States, which was topped by Amazon founder Jeff Bezos...

Singapore Airlines Group cuts around 4,300 positions

The Singapore Airlines (SIA) Group announced on Thursday, September 10, that it will be cutting around 4,300 positions across its airlines.

Amazon to launch online pharmacy in India

“Amazon Pharmacy” will provide both over-the-counter and prescription-based drugs, basic health devices as well as traditional Indian...

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.

'Ola Corporate' services to kick off in UK, Australia and New Zealand

Bengaluru-based ride-hailing company Ola announced it has rolled out its new enterprise offering 'Ola Corporate' services to Australia, New...

Specify 'country of origin' of products, Amazon India tells sellers

Amazon India yesterday announced that it will introduce “country of origin” as a mandatory attribute in its category listings.

Google announces USD 4.5 bn investment in Reliance Jio

In the first investment from the Google For India Digitisation Fund announced earlier this week, Google announced a multi-billion dollar...

Indian-origin Prabhakar Raghavan appointed head of Google Search

American tech giant Google has appointed Indian-origin tech executive Prabhakar Raghavan as the new head of its Search and Assistant...

India’s e-Commerce Industry Forecast to hit $188 Billion by 2025

Mukesh Ambani moves ahead of Jack Ma as Asia’s richest person after Facebook deal: Bloomberg

In a massive deal, Facebook Inc. will be investing USD 5.7 billion in Ambani’s Jio Platform - the social networking leader’s biggest...

SensorFlow raises USD 8.3 Million in Series A+ funding

Singapore-based startup, SensorFlow has raised USD 8.3 million in Series A+ funding, to advance its solutions and for international...

Facebook invests SGD 8.15 billion in India's Jio Platforms

The tech giant said the investment aims to enable new opportunities for businesses of all sizes in India, in particular, the more than 60...

Indian-American Sonia Syngal appointed CEO of clothing retailer Gap

United States’ clothing retailer Gap Inc named Indian-American Sonia Syngal as the new chief executive officer (CEO) in a bid to reverse...

NRIs can acquire 100% stake in Air India under new government norms

Indian Union Minister of Heavy Industries and Public Enterprises Prakash Javadekar announced on Wednesday that Non-resident Indians (NRIs)...

SBI Cards raises SGD 544 mn from investors like Singapore government, MAS ahead of IPO

State Bank of India (SBI) Cards and Payment Services has raised SGD 544 million (INR 2,769 crore) from investors, including the Singapore...

Ajay Banga set to go from Mastercard CEO to chairman from 2021

Mastercard CEO Ajay Banga will leave his position next year and take over as executive chairman, the company announced.

Companies in UK owned by Indian diaspora paid GBP 1 bn in taxes: Report

The report, produced by Grant Thornton UK jointly with the Indian High Commission in London and the Federation of Indian Chambers of...

WeWork appoints Indian-origin real estate veteran Sandeep Mathrani as CEO

Office space provider WeWork on Sunday announced that Indian-origin executive Sandeep Mathrani will join the Company as Chief Executive...

Indian-origin Arvind Krishna to be new IBM CEO

Indian-origin executive Arvind Krishna, 57, is set to take charge of International Business Machines Corp (IBM) from April after its Chief...

Indian government offers 100% stake in Air India for sale; sets March 17 deadline for bids

The Indian government on Monday set March 17 as the new deadline for submitting expressions of interest in acquiring a 100 per cent stake in...

Pine Labs becomes first Indian unicorn of 2020 with Mastercard deal

Pine Labs, a point-of-sale and merchant commerce solution provider incorporated in Singapore, has become the first unicorn of 2020 from...

Microsoft, Google on opposite sides of debate over EU proposal to temporarily ban facial-recognition tech

Microsoft and Google came down on opposite sides of the European Union proposal to temporarily ban facial-recognition technology.