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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

NRIs, OCIs pensions to be taxed at source as per DTAA: Indian pension authority

The Pension Fund Regulatory Authority of India (PFRDA) has stated that pensions for Non-Resident Indians (NRIs) and Overseas Citizens of...

Personal Finance NRI Stories

Zilingo acquires Sri Lanka-based nCinga Innovation in SGD 15.5 million deal

Singapore-headquartered Zilingo has acquired Sri Lanka-based software company nCinga Innovations in a landmark SGD 15.5 million cash and...

SMEs

Ho Ching, Nirmala Sitharaman in Forbes 2019 most powerful women list

Ms Ho Ching (23), Executive Director and CEO of state-owned investment firm Temasek, Indian Finance Minister Nirmala Sitharaman, HCL...

Global

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.

Corporate

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)...

Corporate

Singapore ranks third, India 73rd in UN e-commerce ranking index 2019

Singapore came in third while India ranked 73rd out of 152 countries in a United Nations (UN) business-to-consumer (B2C) e-commerce index...

Global

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...

Corporate

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.

Corporate

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.

Corporate Spotlight - @work

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...

Corporate

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.

Corporate

EU-Singapore free trade agreement kicks off

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

Corporate

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.

Corporate

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...

Corporate

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...

Corporate

Salaries in India to rise higher than in Singapore, China: Report

According to a survey, salaries in India are projected to rise by 10% in 2020, the highest in the Asia Pacific region.

Global