The three-day subscription for the initial public offering (IPO) of Hyundai Motor India Limited (HMIL) has opened today.
BlackRock, Fidelity Snap up Hyundai India Shares in Record $3.3 Billion IPO
SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that ...
Hyundai India IPO subscribed 10% on Day 1 so far, retail portion booked 17%
On October 15, the retail portion was booked 17% as of 12:20 pm with retail investors placing bids for 84 lakh shares as against 4.94 crore shares on offer. Meanwhile, the non-institutional investors ...
Crypto Stocks COIN, Metaplanet, HOOD, Soar as Fresh Momentum Fuels Market Surge
Crypto-focused stocks recorded their best monthly performance. Coinbase, MicroStrategy, and Robinhood were some of the many companies that posted gains. Bitcoin mining companies also recorded ...
Couple behind livestreaming retailer fined for evading GST on branded goods
SINGAPORE: A couple behind a retailer that holds livestream sales of branded goods were convicted and fined on Tuesday (Oct 15) for evading Goods and Services Tax (GST) on imported goods.
Indian man jailed in Singapore for spending Rs 16 lakh mistakenly sent to his account
Periyasamy Mathiyazhagan, 47, said he spent the money to pay off his debts and transferred a portion of it to his family in India. ( read original story ...)
Prosecution seeks up to 66 months’ jail for man linked to loan ruse that duped 2 banks of over $1.2m
On Oct 15, Deputy Public Prosecutor Cheah Wenjie urged the court to sentence Lee to up to five years and six months’ jail, stressing that the offender had made no restitution. DPP Cheah also told ...
OCBC Kicks Off Five-Year Regional Partnership With Disney
OCBC has partnered up with Disney in a strategic five-year collaboration across three of its five core markets in Southeast Asia.
Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry
On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.
CNA Explains: What you need to know about the Income-Allianz deal being blocked by Singapore
The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz, with three Cabinet ministers explaining the rationale.
Hyundai IPO: How are investors responding to India’s biggest-ever issue?
Hyundai Motor India's ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer's 10% got subscribed- the retail portion was ...
Son of Singapore’s founding PM Lee says he plans to demolish family home
By Xinghui Kok SINGAPORE (Reuters) -The youngest child of Singapore's founding Prime Minister Lee Kuan Yew said on Tuesday he would apply to demolish the statesman's home in line with his wishes, ... ( read original story ...)
Prosecution calls for up to 66 months’ jail for man linked to loan ruse; 2 banks duped of over $1.2m
SINGAPORE - By using false statements, a man worked with a female accomplice to dupe two banks into disbursing loans totalling $1,218,000 starting in 2014. According to court documents, Standard ...
OCBC, Disney to begin five-year collaboration in Singapore, Malaysia, Indonesia
OCBC and Disney have announced a five-year strategic collaboration across three of the Singapore bank’s five core markets – Singapore, Malaysia and Indonesia. Read more at The Business Times.
Singapore seeks to jail former oil tycoon OK Lim for 20 years for cheating HSBC
SINGAPORE: Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on November 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the ...
Singapore stocks rose on Tuesday—STI climbed 0.6%
SINGAPORE: Singapore stocks rose on Tuesday, Oct 15, following gains in overseas markets the night before. The Straits Times Index (STI) climbed 0.6%, gaining 22.58 points to reach 3,618.49 by 9:01 am ...