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Singapore Airlines is poised to invest Rs 3,194.5 crore in Air India following the anticipated merger of Vistara with the Tata Group-owned airline. Vistara was set up in 2015 as a joint venture with Singapore Airlines holding a 49 per cent stake in the Indian carrier and the Tata Group owning a majority 51 per cent share. Singapore Airlines said that after the completion of the merger in November 2024, SIA’s additional investment is likely to total Rs 31,94.5 crore. A...
Singapore Airlines poised to invest Rs 3194.5 crore in Air India
HCLTech, a leading global technology company, today announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech’s Lab in Singapore will be the company’s fifth in its global network, expected to open in 2025. The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech’s comprehensive suite of integrated AI and ...
HCLTech announces new AI/Cloud Native Lab in Singapore in partnership with Singapore Economic Development Board
HCL Technologies is currently trading at Rs. 1774.00, up by 16.20 points or 0.92% from its previous closing of Rs. 1757.80 on the BSE. The scrip opened at Rs. 1761.50 and has touched a high and low of Rs. 1781.60 and Rs. 1759.20 respectively. So far 5175 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1886.60 on 21-Oct-2024 and a 52 week low of Rs. 1235.00 on 04-Jun-2024. Last one week high and low of the scrip ...
HCL Technologies gains on planning to open new Singapore-based AI/Cloud Native Lab
Air India and Singapore Airlines (SIA) on Wednesday announced to expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network. From October 27, Air India and SIA will codeshare on each other’s flights between Singapore and Bengaluru and Chennai, increasing their total weekly scheduled codeshare services between the countries to 56 from 14. SIA will codeshare on Air India’s domestic flights between Delhi and Amrits...
Air India, Singapore Airlines expand codeshare pact, add 51 new destinations
The seasonally adjusted S&P Global Singapore Purchasing Managers' Index (PMI) was 56.6 in September, marking a continued improvement in private business conditions for 19 straight months, the S&P Global said Thursday. It added that the growth rate eased to a three-month low but remained marked, Xinhua news agency reported. The accumulation rate was the most pronounced in eight months, partly due to supply constraints. Inventory levels also declined amid a worsening of ...
Singapore`s private economy expands for 19 consecutive months
Trident is currently trading at Rs. 36.70, up by 0.05 points or 0.14% from its previous closing of Rs. 36.65 on the BSE. The scrip opened at Rs. 36.86 and has touched a high and low of Rs. 36.92 and Rs. 36.65 respectively. So far 349949 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.85 on 09-Jan-2024 and a 52 week low of Rs. 32.40 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. 37.33 and...
Trident rises on incorporating Wholly Owned Subsidiary in Singapore
Assam Chief Minister Himanta Biswa Sarma on Sunday praised the growing partnership between India and Singapore, emphasising its potential to improve urban planning and management in Assam. Taking to his X handle, the Assam CM stated, "India-Singapore partnership heralds a new developmental dawn. During Hon'ble Prime Minister Narendra Modi ji's recent visit to Singapore, the joint statement, issued by the Hon'ble Prime Minister of Singapore HE Lawrence Wong, highlight...
Assam CM hails India-Singapore partnership for urban planning, development
The Ministry of Trade and Industry of Singapore has said that India and Singapore agreed to cooperate in the development of the semiconductor ecosystem. Both countries signed a Memorandum of Understanding (MoU) for cooperation in the sector. The MOU was exchanged in the presence of India’s Prime Minister Narendra Modi and Prime Minister Lawrence Wong during Prime Minister Modi’s Official Visit to Singapore. The MoU aims to support India’s growing semiconductor industry wh...
India, Singapore agree to cooperate in development of semiconductor ecosystem
Top Singaporean business leaders on Thursday hailed Prime Minister Narendra Modi for his vision that is transforming India’s presence on the world stage. During his visit to Singapore on Thursday, PM Modi met top CEOs from various sectors, including investment funds, infrastructure, manufacturing, energy, sustainability and logistics, and invited them to look at the immense investment opportunities in India. Gautam Banerjee, Senior MD and Chairman of Blackstone Singapore, sa...
Top Singaporean business leaders hail PM Narendra Modi`s vision to transform India
The leaders of India and Singapore on Thursday signed an agreement to partner and cooperate in semiconductors, in a deal aimed at giving Singaporean firms a greater role in supply chains in the Indian market, the two countries said. A Memorandum of Understanding (MoU) was signed during Indian Prime Minister Narendra Modi's two-day visit to Singapore, his fifth overall and first since 2018. "Singapore and India will leverage complementary strengths in their semiconductor ecosyst...
Leaders of India and Singapore sign deal to cooperate on semiconductors
Singapore Airlines has received Indian government approval for foreign direct investment, clearing a significant hurdle in the merger of airline Vistara, its 49%-owned joint venture with Tata Group, into Air India, it said on Friday. Singapore's flagship carrier announced a plan to merge the decade-old Vistara and Tata-owned Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets. India is among the world's fastest...
Singapore Airlines gets India investment approval for AirIndia-Vistara merger
Union Finance Minister Nirmala Sitharaman arrived in Singapore on Sunday to attend the 2nd India-Singapore Ministerial Roundtable, where she will be joined by three more senior colleagues, including External Affairs Minister Dr S. Jaishankar. Sitharaman was welcomed at the Changi International Airport by Singapore’s High Commissioner to India Simon Wong and India's Deputy High Commissioner Pooja Tillu, the Finance Ministry said in a post on X. The 2nd round of the India-...
FM NirmalaSitharaman arrives in Singapore for 2nd India-Singapore Ministerial Roundtable
Union Commerce Minister Piyush Goyal would explore strategies to bolster bilateral trade and investment during the second India Singapore Ministerial Roundtable (ISMR), that is scheduled to be held in Singapore on Monday. On Sunday, the minister will engage with leading global business figures in Singapore, including DBS Bank, Temasek Holdings, OMERS, Keppel Infrastructure, and the Owners Forum, the Commerce Ministry said in a statement. Minister Goyal would explore strategi...
India Singapore Ministerial Roundtable: Commerce Minister to bolster bilateral trade
Singaporean agri-business Wilmar International's first half profit inched higher, reflecting better performance at its food products segment and helped by higher earnings from the Adani Wilmar joint venture. Adani Group has reportedly been in talks with Wilmar over the sale of a minority stake worth $670 million in the joint venture. Wilmar, the Singapore-headquartered food conglomerate co-founded by billionaire Kuok Khoon Hong in 1991, on Tuesday reported a first-half core net prof...
Singapore's Wilmar posts higher HY profit on food unit strength, higher Adani Wilmar earnings
Indian travelers are presented with the ideal opportunity to enjoy an extended break. Digital travel platform Agoda analyzed its search data and found Dubai on top as the favorite international travel spot. For those planning an international getaway, nearby Dubai is the most popular destination, with Singapore coming in second spot. Thailand’s visa waiver policy likely helps it secure two of the top five most popular spots for travel with Bangkok number three and...
Top destinations for Indian travelers
Authorities in Australia's Northern Territory (NT) on Tuesday granted environmental approval for the world's largest renewable energy and transmission project. The NT government and NT Environmental Protection Authority (EPA) granted principal environmental approval for SunCable's Australia-Asia PowerLink (AAPowerLink) projected, Xinhua news agency reported. The project aims to supply renewable energy to customers in Darwin, capital of the NT, and also to Singapore via...
Environmental approval granted for Australian plan to export solar electricity to Singapore
As the Indian economy remains resilient on its way to become the world’s third-largest one sooner than expected, Singapore's sovereign wealth fund Temasek is aiming to invest an additional over Rs 83,000 crore (about $10 billion) in the country in the next three years. The potential sectors Temasek is eyeing for investment in India are healthcare, consumption, financial services, digitisation and sustainability, according to reports. Ravi Lambah, Temasek's head of In...
Singapore`s Temasek eyes $10 bn investment in resilient India
The jump in open interest on rupee/dollar currency futures on the Singapore Exchange indicates that investors are shifting their arbitrage and hedging activity to the city-state after the Indian central bank imposed restrictions on local currency futures, traders said. WHY IT'S IMPORTANT The Reserve Bank of India has been seeking to increase the volume of rupee derivatives traded in the local market relative to offshore, which helps them have more control over the currency. Howev...
Investors shift to Singapore after Indian central bank`s curbs on local rupee futures
US Secretary of Defence Lloyd Austin has welcomed an agreement by Defence Chiefs of South Korea and Japan to take measures to prevent the recurrence of a 2018 maritime spat over Japanese patrol aircraft. South Korean Defence Minister Shin Won-sik and his Japanese counterpart, Minoru Kihara, announced the agreement on Saturday after their talks held on the sidelines of the Shangri-La Dialogue in Singapore, in a deal that could remove a major hindrance to efforts to strengthen bilatera...
US defence chief welcomes S.Korea-Japan agreement in Singapore
With the goal of promoting the development of the entrepreneurship ecosystem by empowering aspiring entrepreneurs to build ideas, LaunchPilot - an expert-led startup school for first-time entrepreneurs and working professionals, has announced its entry into India. LaunchPilot works under three core principles of "Learn, Build, and Scale" to assist aspiring entrepreneurs, working professionals, and first-time founders on their "0-1" journey. With this innovative st...
Singapore based LaunchPilot announces India Operations for it`s Startup School to Support Aspiring Entrepreneurs & Working Professionals to Take Up Entrepreneurship
Adani Enterprises is currently trading at Rs. 3108.25, up by 2.30 points or 0.07% from its previous closing of Rs. 3105.95 on the BSE. The scrip opened at Rs. 3129.25 and has touched a high and low of Rs. 3145.05 and Rs. 3103.15 respectively. So far 57588 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3349.35 on 04-Mar-2024 and a 52 week low of Rs. 1775.80 on 24-Apr-2023. Last one week high and low of the scrip...
Adani Enterprises inches up as its arm incorporates JV Company in Singapore
India plans to showcase its leadership position in the Clean Economy space and the various innovative solutions driving it in the forthcoming investor forum meeting of the Indo-Pacific Economic Framework for Prosperity (IPEF) to be held in Singapore on June 5-6, the Ministry of Commerce and Industry announced on Tuesday. India will also showcase some of the large infrastructure projects in Clean Economy and top climate tech companies to the global investors for investment opportunities at ...
India gears up to woo investors for `Clean Economy` startups at 14-nation meet in Singapore
Singapore Telecommunications on Thursday said it has sold a 0.8% stake in Indian associate Bharti Airtel for S$950 million (nearly $711 million) to U.S. investment firm GQG Partners. The deal is the latest of Southeast Asia's largest telcom operator's efforts to recycle capital, which brings the total to S$8 billion since its strategic reset in 2021. "The Group is now in an even stronger position to execute our disciplined capital approach of balancing investing for greater...
SingTel sells 0.8% stake in India`s Bharti Airtel for $711 million
Singapore's competition watchdog said on Tuesday it has granted approval for the merger between Air India and Vistara, a joint venture between Indian conglomerate Tata Group and Singapore Airlines, subject to certain conditions. Singapore's flagship carrier had announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant position as bigger full-service airline in domestic and international skies. The Competition and Consumer Commission of Sin...
Singapore`s competition watchdog grants conditional approval to Air India-Vistara merger
Singapore-based VC firm Jungle Ventures on Wednesday said it will infuse another $20 million in India's fastest growing ice cream brand Walko Food. This is Jungle's second investment into Walko Food within less than 12 months. Since its last funding round with Jungle in May 2023, Walko Food has introduced Yummo, its latest ice cream brand, tapping into a $3 billion market. The latest round of capital will further boost Walko's expansion across its product portfolio ...
Jungle Ventures infuses another $20 mn in Indian ice cream brand Walko Food
Mishtann Foods is currently trading at Rs. 16.21, up by 0.15 points or 0.93% from its previous closing of Rs. 16.06 on the BSE. The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 16.48 and Rs. 16.10 respectively. So far 3560990 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 17.99 on 12-Dec-2023 and a 52 week low of Rs. 7.09 on 24-May-2023. Last one week high and low of the scrip stood at Rs. 17...
Mishtann Foods rises on incorporating wholly owned subsidiary in Singapore
Singapore's Sembcorp Industries said its green hydrogen unit had partnered with two Japanese firms to supply green ammonia produced in India to Japan, as the company moves to strengthen its position as a major green energy supplier. Sembcorp Green Hydrogen Pte, has signed a memorandum of understanding with Japanese conglomerate Sojitz Corp and energy major Kyushu Electric Power for potential opportunities for green ammonia production, Sembcorp said on Monday. "With green ammoni...
Sembcorp inks deal with Japanese firms to export green ammonia from India
Singapore's Sembcorp Industries on Thursday said its renewables unit was awarded a 300 mega-watt (MW) solar power project by Indian government-run hydropower producer NHPC Ltd. NHPC in its letter of award confirmed Sembcorp's unit, Green Infra Wind Energy Ltd's (GIWEL) final offer, and committed to buying power output from the project for 25 years under a long-term power purchase agreement, Sembcorp said in a statement. The project will be funded by internal funds and debt, ...
Sembcorp`s renewables unit gets 300 MW solar project from India`s NHPC
A tri-weekly direct flight between Guwahati and Bangkok has been introduced which will be operated by Thai Air Asia on Wednesday, Friday and Sunday on the Bangkok-Guwahati route, an official said on Saturday. The maiden flight landed at Guwahati airport on Friday night with a total of 56 passengers and left after half an hour for Bangkok with 97 passengers. The flight took off from Guwahati at 11.40 p.m. on Friday night and landed in Bangkok at around 2.15 p.m. Indian time, early ...
Direct flight introduced between Guwahati & Bangkok
Singapore-based BW LPG will invest $30 million in Confidence Petroleum India through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday. The Indian liquefied petroleum gas (LPG) cylinder maker will issue up to 28.2 million shares to BW VLGC Pte, a unit of the Norway-listed LPG shipper, at 88.6 rupees apiece, an exchange filing showed on Thursday. Confidence Petroleum will also enter into a joint ventu...
Singapore`s BW LPG to invest $30 million in JV with Confidence Petroleum India
Asian stocks briefly made one-week highs on Wednesday, bonds rallied and the dollar sank on new hints at U.S. interest rate cuts, while the New Zealand dollar jumped after its central bank said another hike may be necessary if inflation proves stubborn. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat. Japan's Nikkei fell 0.2%. The New Zealand dollar was last up 1.1% at a four-mon...
Bonds cheer Fed talk of cuts; kiwi flies
HSBC Holdings has hired UBS Group banker Gautam Anand as the global coordinator for affluent Indian clients across the Middle East, North Africa and Europe, according to an internal memo seen by Reuters on Tuesday. Anand, with over 25 years of experience in the private banking industry, was crucial in expanding UBS' South Asian and global Indian client network across Asia, according to the memo.He is set to assume the new role on Dec. 1. A spokesperson for HSBC confirmed the content...
HSBC taps UBS` Gautam Anand for key South Asia private banking role
Top Asian hubs saw some selling of physical gold this week as people cashed in on relatively high prices, with lacklustre demand during the wedding season in India prompting dealers to offer steeper discounts. The bullion industry was hoping the momentum seen during the festival of Diwali would continue, but higher prices seem to be hampering wedding season demand, said a Mumbai-based bullion dealer with a private bank. Local gold prices in India were around 61,100 rupees per 10 grams o...
Indian dealers widen discounts as wedding season demand slows
Hyundai Motor Group's autonomous vehicle joint venture in the US plans to manufacture its self-driving electric vehicles in the group's newly launched innovation hub in Singapore, the company said on Wednesday. Motional, the joint venture established between Hyundai and U.S. mobility startup Aptiv in 2020, will produce its all-electric Ioniq 5 robotaxi units at the Hyundai Motor Group Innovation Center Singapore. According to Hyundai, the Ioniq 5 robotaxis will be deployed as pa...
Hyundai`s US JV to produce autonomous taxi at Singapore innovation hub
Lenskart on Monday announced the acquisition of Tango Eye, an AI-based computer vision startup. With this acquisition, Lenskart plans to use visual artificial intelligence technology in improving store experience as well as its product experience. The company has also been an early investor in Tango, and the acquisition strengthens Lenskart’s commitment towards leveraging technology to solve business problems and delight customers, the company said. "We have now exte...
Lenskart acquires AI-based computer vision startup Tango Eye
India's leading private space-tech company, Skyroot Aerospace has raised an additional $27.5 million, equivalent to Rs 225 crore, in a pre-Series C funding round led by Temasek, a global investment company headquartered in Singapore. The present capital infusion builds upon the company's previous raise in 2022, bringing its total funding to USD 95 million, which is the largest ever for an Indian Space-tech startup. Skyroot plans to utilize the newly acquired capital to drive its...
Space-tech company Skyroot raises Rs 225 cr
India's Skyroot Aerospace said on Monday it has raised $27.5 million in a fresh round of funding led by Singapore's Temasek, upping the ante in the country's burgeoning space industry days after rival Agnikul Cosmos raised a similar amount. The Hyderabad-based company, which launched India's first private rocket in 2022, is set to launch its second commercial rocket, the Vikram-I, next year. The launch vehicle can take payloads of upto 300 kilograms into low earth orbit. ...
Skyroot raises $27.5 million, heating up India's private sector space race
Global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth and liquidity and its emergence as an alternative to investing in China. Singapore-based multi-strategy hedge fund Dymon Asia Capital and Citadel Securities are among funds and securities brokers entering a market they had smaller exposure to in the past, worried about tax issues and their ability to hedge investments through short-selling. ...
Global hedge funds are boosting their presence in the long-shunned Indian market
Leading investment firm Peak XV?s rapid scale-up programme Surge on Monday launched its ninth cohort of early-stage startups innovating in the field of deeptech, artificial intelligence (AI) and other promising areas.The cohort features 32 founders across 13 startups and ?Surge 09? includes two Australian startups, in addition to seven from India and four from South-East Asia.It is the first cohort since Peak XV?s rebrand from Sequoia India & Southeast Asia, and forays into greater Asia-Pacif...
Peak XV`s Surge to empower 13 startups focused on AI, deeptech innovations
The Indian rupee is expected to inch up at open on Friday, drawing support from the Reserve Bank of India's (RBI) likely aggressive intervention late in the previous session.Non-deliverable forwards indicate rupee will open at around 83.16-83.18 to the U.S. dollar compared with 83.2450 on Thursday.The RBI was offering dollars all through Thursday's session, and the intervention was particularly "heavy" just before 3.30 pm, a forex trader at a large foreign bank said. Normal over-the-counter h...
Rupee to take support from RBI`s late ``heavy`` intervention
Finance Minister Nirmala Sitharaman on Thursday batted for setting up an international arbitration centre for the maritime sector.This, she said, will provide protection from international sanctions and pressures.It will also ensure greater flexibility in the country's shipping operations, she said, while addressing the global maritime summit in Mumbai.?She noted that while there are many Indians working in international arbitration centres in London or Singapore or Dubai, they are all just w...
Finance Minister bats for arbitration centre for maritime sector
India will allow exports of non-basmati white rice to a clutch of countries such as the Philippines - one of the world's biggest importers of the grain - a government order said on Wednesday.India, the world's biggest rice exporter, in July banned overseas shipments of non-basmati white rice and later imposed a 20% tax on parboiled rice cargoes to keep a lid on local prices and ensure sufficient supplies in the domestic market.But New Delhi said it would still consider requests for supplies o...
India allows some rice shipments to Philippines, other importing countries
Indian financial services firm Avendus will start offering investment banking services from Singapore to cash in on an expected technology sector dealmaking boom in the Southeast Asia region.Majority owned by U.S. private equity giant KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising.Karan Sharma, a managing director for Avendus in India said the operations from Singapore will f...
KKR-backed Avendus to tap tech investment banking deals in Southeast Asia
The U.S. dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.The yen was pinned close to the key 150 per dollar level, keeping traders on edge for any signs of intervention by the Japanese authorities.The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before gettin...
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
Vizhinjam Port will emerge as the largest private port in Kerala and will be huge revenue contributor to the state, said Karan Adani, CEO and Whole-time Director, Adani Ports and Special Economic Zone (APSEZ).?This project -- the development of the Vizhinjam International Deepwater Multipurpose Seaport -- has been the most challenging project that we have ever taken on and executed,? Adani said speaking at the inauguration of the Vizhinjam port.In addition to being the first exclusive trans s...
Vizhinjam Port will emerge as largest private port in Kerala: Karan Adani
High-quality action is on the cards when the archery competition get underway at the at the Hangzhou 2022 Asian Para Games from October 23 to 28.As many as 133 archers from 23 nations will be vying for glory over six days with 15 gold medals will be at stake at the Fuyang Shooting and Archery range in Hangzhou.Whilst the home nation archers are expected to rule the shooting field, some old rivalries including Islamic Republic of Iran?s Zahra Nemati vs. China?s Wu Chunyan in women?s individual...
Hangzhou 2022 APG Archery: China favourite in recurve, wheelchair events; India eye glory in compound events
Billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India's largest retailer ahead of a potential stock market listing.The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in the company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing.Reliance Retail, with more than 18,000 stores ...
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA
Asian stocks sank to 11-month lows on Wednesday as an ongoing rout in global bond markets saw U.S. yields reach 16-year highs, challenging equity valuations and souring appetite for risk assets in general.The spike in Treasury yields lifted the dollar to new heights with only the yen showing some fight amid speculation the Japanese authorities might be intervening behind the scenes.The yen breached the 150-per-dollar level in the London afternoon on Tuesday before suddenly shooting to 147.3.T...
Asia stocks slump as bond selloff spooks markets
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