Business

Tag

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)...

Corporate

LuLu Group chairman MA Yusuff Ali becomes first Indian to receive Saudi Arabia Green Card

The Indian businessman was ranked the richest expat in the UAE by Forbes magazine last year.

UAE

Livspace targets Singapore’s USD 5 billion interiors market

In this @Work interview with Connected to India, Ravindran Shanmugam, Country Head of Livspace, Singapore, gives a peek into his personal...

Singapore Spotlight - @work

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...

Corporate

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.

Corporate

Singapore announces support measures for tourism sector impacted by COVID-19

Singapore Tourism Board (SBT) will be providing tourism companies with more support to upgrade the capabilities of their workers.

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...

Global

DBS reports record SGD 6.39 billion profits for 2019

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

Singapore

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...

Corporate

Foreign tourism to India on the downturn in recent years: Economic Survey

The Indian Finance Ministry’s Economic Survey 2020 found that foreign tourist arrivals decelerated to 5.2 per cent in 2018 and 2.7 per...

Travel

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...

Corporate

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...

Corporate

UK court orders sale of Vijay Mallya’s yacht to repay debt

A United Kingdom court on Monday ordered that a Force India yacht linked to former liquor baron Vijay Mallya be sold and its proceeds...

UK

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...

Corporate

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...

Corporate

DBS launches QR-based payment solution for businesses

Paying suppliers and vendors with cash could soon be a thing of the past for Singapore’s 28,000 coffee shops, hawker centres and...

Singapore

Bezos: Will export Indian goods worth USD 10 billion by 2025

Kicking off a two-day summit in New Delhi, Amazon Inc founder Jeff Bezos on Wednesday said his company will use its global footprint to...

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...

Corporate

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.

Corporate

Indian-origin lawyer suing supermarket chain Tesco in the UK over chocolate bar

A 63-year-old Indian-origin lawyer in the United Kingdom has filed a lawsuit against the nation’s biggest supermarket chain Tesco over his...

UK

India curbs palm oil imports from Malaysia over their PM’s anti-CAA stance

Economic and diplomatic ties between India and Malaysia ties are likely to take a hit with New Delhi deciding to put curbs on palm oil...

Global

SMEs in Singapore to focus on productivity in 2020: UOB survey

One of the ways SMEs are planning to achieve their productivity goals is to increase their investments in technology.

SMEs

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...

Corporate

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.

Corporate

Indian-origin UK MP Rishi Sunak to get new ‘economic super-ministry’ portfolio: Sources

Indian-origin Deputy Finance Minister in the United Kingdom Rishi Sunak has been tipped by Conservative Party insiders to helm a new...

UK