Flipkart Internet, the online marketplace arm of the Walmart-backed company in India, has received an over SGD655-million (INR3,462-crore) investment from Flipkart Marketplace, Singapore, as per regulatory documents in India.
Tag: Business
20.6 percent of Singapore workforce will have their jobs displaced by 2028, highest in SEA
Singapore will also face the greatest job-skills mismatch in the region.
CEA issues guidelines for overseas real estate investments
With the upsurge in overseas investment in the real estate market from Singapore over the past few months, especially among the Non-Resident Indian community, the island nation’s Council for Estate Agencies’ (CEA) has published a guide on buying foreign properties.
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 suggested relaxing foreign portfolio investor (FPI) norms restricting Non-resident Indians (NRIs) and overseas citizens of India from holding more than a five per c
Indian states make power pitches at Invest North Summit in Singapore
Another chapter was written in the growing economic relationship between India and Singapore this week as official delegations from Punjab, Uttar Pradesh and Uttarakhand descended on the island nation for the Invest North Summit 2018.
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.
Indian origin director of spice trading firm charged with cheating DBS and Bank of India S$3.2m
Indian origin Singaporean director of Pars Ram Brothers, Kirpa Ram Sharma, was charged with cheating DBS and Bank of India S$3.2 million.
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”.
NRI investors can buy up to 5% in any security: India’s economic affairs secretary Garg
In a bid to calm markets after recent regulatory changes, economic affairs secretary Subhash Chandra Garg announced the changes after Indian markets fell for the second straight day.
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.
