Focus Story

Chennai-based Lakshmi Vilas Bank merges with DBS unit

Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.

Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021

NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow...

S. Iswaran inaugurates Tata Consultancy Services’ Digital Acceleration Centre

Minister for Communications and Information, Singapore S. Iswaran launched Tata Consultancy Services’ Digital Acceleration Centre

Singapore Airlines raises SGD 850 million convertible bond with strong investor support

Singapore Airlines (SIA) successfully raised SGD 850 million via a convertible bond issue that has been placed with a variety of...

Luxury homes worth INR 500 crore sold in South-Central Mumbai in October: Report

Beginning the festive quarter on a distinct upbeat note, South-Central Mumbai localities witnessed luxury home sales worth INR 500 crore...

Last Sikh queen's jewellery collection sold at UK auction house Bonhams' event

Jewels that once belonged to Maharani Jindan Kaur, the last wife of Sikh Empire ruler Maharaja Ranjit Singh, and which were later inherited...

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...

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...

India, UK to negotiate new free trade deal: Indian Commerce Minister Piyush Goyal

Piyush Goyal, Union Minister of Commerce and Industry & Railways, said that India and the United Kingdom will begin the process of...

Singapore-based NRI media entrepreneurs announce USD 100 Million IPO on NASDAQ

Vistas Media Acquisition Company (VMAC) announced it has commenced trading of an initial public offering (IPO) of USD 100 million on The...

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...

UKIBC appoints Indian-origin Jayant Krishna as new CEO

The UK India Business Council has announced that Jayant Krishna has accepted the invitation of the Board to become its new Group Chief...

Singapore-based robotics startup Botsync secures seed-funding from lead investors

Singapore-based robotics startup Botsync has secured seed-funding from lead investors Wong Fong Industries Ltd., SEEDS Capital, Angelhub and...

CII report finds that Indian companies generate 125,000 jobs in US

A report, 'Indian Roots, American Soil 2020' issued by the Confederation of Indian Industries (CII) found that as many as 155 Indian...

MAS launches SGD 1.75 million FinTech challenge focusing on COVID-19 and climate change

Themed “Building Resilience, Seizing Opportunities, Emerging Stronger”, the MAS Global FinTech Innovation Challenge aims to promote...

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...

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 GDP growth forecast for 2020 down to 5.1%, says OECD amid global COVID-19 concerns

The Organisation for Economic Cooperation and Development (OECD) has lowered India’s Gross Domestic Product (GDP) growth forecast to 5.1...

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...

India world’s fifth largest economy in 2019, overtaking the UK and France: Report

According to an independent United States-based think tank report, India emerged as the world's fifth largest economy, overtaking the United...

DBS reports record SGD 6.39 billion profits for 2019

DBS fourth-quarter earnings increased 14 per cent to SGD 1.51 billion.

Singapore-based Zilingo makes three top appointments

Zilingo is a technology platform that powers the fashion supply chain and was founded in 2015 by Ankiti Bose and Dhruv Kapoor.

Budget 2020: FM clarifies only NRIs' India income to be taxed

Indian Finance Minister Nirmala Sitharaman announced in her Union Budget speech that NRIs who don't pay taxes in a foreign country will now...