Corporate

OYO lays off over 1,000 workers in ‘right-sizing’ drive

Indian hospitality unicorn OYO announced plans to downsize over 1,000 people in India and 600 in China as part of its restructuring and...

Walmart India sacks 56 employees in restructuring drive

Global retail giant Walmart is in the process of sacking over 50 of their employees based at the Gurugram headquarters in India.

RuPay offering cashback offers on international transactions

In line with the push to globalise domestic e-payment services, the National Payments Corporation of India (NPCI) said on Thursday that it...

67 per cent of China-made toys tested fail Indian safety standards: Study

A recent Indian study found hazardous heavy metals and other lethal materials used in kids’ toys that were made in China.

Singtel, Grab team up for digital bank licence in Singapore

Singapore-headquartered Grab Holdings is partnering local telecommunications company Singtel to form a consortium to apply for a digital...

Singapore-based Vertex Growth Fund leads Series E funding in Indian company Licious

The funds raised will reportedly be used towards expanding Licious’ presence across the country.

Maybank Kim Eng cuts 5 per cent of Singapore manpower

Maybank Kim Eng has reduced 5 per cent of its manpower in Singapore amid stiff competition from fintech firms, according to news reports.

Airtel stakeholder Bharti Telecom seeking nod for Singtel investment: Sources

Bharti Airtel promoter Bharti Telecom has sought the Indian government’s permission to allow an SGD 937.03 million (INR 4,900 crore)...

Tookitaki appoints Subhas Samanta as V-P of Research & Engineering

Singapore-based financial regulator startup Tookitaki has hired Subhas Samanta, ex-Director of LinkedIn, as their new Vice-President of...

Google's Sundar Pichai appointed CEO at parent firm Alphabet

According to media reports, Google's Sundar Pichai will be taking over the role of Chief Executive Officer (CEO) at parent firm Alphabet...

Dyson's new global HQ is at the historic St James Power Station in Singapore

British technology company Dyson will be shifting its global headquarters to Singapore in 2021, the company said on Thursday, November 28.

Catapulting moneylending into the cyber age: LendFoundry CEO Sandeep Phophaliya

Money-lending is one of the cornerstones of the global economy, with the concept almost as old as currency itself.

Singapore startup Tookitaki announces SGD 26.2 mn Series A funding round

Singapore-based anti-money-laundering startup Tookitaki announced on Monday that it has raised an additional USD 11.7 million in funding...

Office-sharing firm WeWork lays off 2,400 employees worldwide

The layoff affects roughly a fifth of WeWork's workforce, as the company struggles to reorganise amid mounting losses.

EU-Singapore free trade agreement kicks off

Companies based in Singapore will get to enjoy greater market access into the EU.

New Creation Church's business arm to acquire The Star Vista from Capitaland

CapitaLand is selling The Star Vista for SGD 296 million to Rock Productions, the business arm of New Creation Church.

DBS adopts AI-powered screening technology to enhance compliance

As financial criminals grew increasingly sophisticated, DBS Bank has implemented an artificial intelligence (AI) powered solution to fend...

NIUM launches digital cross-border payments in Indonesia

NIUM’s digital money transfer service will enable consumers and enterprises in Indonesia to send money to over sixty destinations...

Parenting platform theAsianparent closes 7-figure series C funding

Southeast Asian parenting platform theAsianparent has closed a seven-figure Series C2 funding from new strategic investors Mirae Asset...

Vistara launches drive to expand its fleet

Tata Sons and Singapore Airlines’ joint venture airline Vistara announced plans to nearly double its fleet size from 22 aircraft to 42 by...

Singapore’s Qoo10 acquires Indian e-commerce vendor ShopClues stock in merger

India-based e-commerce vendor ShopClues on Thursday announced its merger with Singapore-based platform Qoo10

Livspace launches in Singapore, marking first phase of APAC expansion

During the six month soft launch phase in Singapore, Livspace is already operating at USD 15 million gross revenue run rate and growing at...

Three Indian-origin executives in Harvard Business Review’s top 10 CEOs list

The list, which features 100 CEOs, is topped by American technology company NVIDIA's CEO Jensen Huang.

Singapore-based remittance firm InstaReM rebrands as Nium

Digital cross-border payments provider InstaReM is rebranding to become part of Nium, the company announced on Sunday.

Scoot shifts operations to Terminal 1 at Changi Airport

Singapore budget airline Scoot successfully completed the shift of its operations from Singapore Changi Airport Terminal 2 to Terminal 1....

7 Indian-origin entrepreneurs in Forbes’ 400 wealthiest Americans list

Amazon founder and CEO Jeff Bezos kept his spot as the richest in the US for the second year running, followed by Bill Gates.

PayPal, MoneyGram looking to raise stake in Indian remittance market

Online payments firms PayPal and MoneyGram are planning to raise their share in the remittance market in India, according to media reports.

Two Indian-origin entrepreneurs in Fortune’s 2019 ‘40 under 40’ list

Two Indian-origin entrepreneurs were among those named by US business publication Fortune in its annual list of the 40 most influential and...

HSBC plans job cuts of up to 10,000, comprising mainly high-paid roles: Reports

With HSBC's interim CEO Noel Quinn seeking to reduce costs across the banking group, this is the bank's most ambitious attempt in years to...