Citi employees in Singapore have faced a turbulent six months, enduring three rounds of layoffs since the US bank announced a major restructuring in September 2023. The rounds of cuts took place in ...
Ola Electric’s $734 million IPO: 2024’s largest in India—Should you invest?
Ola Electric is gearing up to make an entrance into the public market with what is set to be the largest Initial Public Offering (IPO) of 2024. Scheduled to debut on the Indian stock exchanges this ...
Singapore Government invests close to $14 million to fund research into skin aging among Asians
SINGAPORE: The Singaporean government has announced a substantial investment of S$13.9 million to support research on skin aging. This funding will be allocated to the Agency for Science, Technology ...
Ola Electric IPO; Rapido truns unicorn
Valuation discount: On July 17, ET reported that Ola Electric is expected to price its IPO at a discounted valuation of around $4 billion, reflecting a 25% decrease from its valuation in the last ...
Ola Electric to raise $734 million in India’s biggest IPO this year
By Dhwani Pandya, Aditya Kalra and Aditi Shah MUMBAI (Reuters) -Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country's biggest IPO this year, a deal set to ...
Ola Electric to launch $734 million IPO, investors eye bids at lower valuation
A term sheet showed the IPO, which will run from Aug. 1 to Aug. 6, puts a value of $4 billion on the company, which sold its first scooter in 2021. That valuation is about 25% lower than Ola's last ...
Proxymity and Deutsche Bank Extend Their Partnership With Singapore Market Deployment
Deutsche Bank Singapore goes live with Proxymity Vote Connect Global, the first Proxymity partner to launch in Singapore, expediting the arrival of true shareholder democracy worldwide with complete ...
RTX’s Collins Aerospace plans relocation to a new $250m manufacturing plant in Singapore
US-based Collins Aerospace has announced plans to relocate to a new $250m manufacturing plant in Singapore. Collins will transfer its operations from the current Bedok site as part of the relocation ...
OCBC keeps ‘buy’ call on First REIT with unchanged TP of 28 cents following 1HFY2024 results
In 1HFY2024, the REIT’s rental and net property income dipped 3.7% and 4.1% y-o-y to $52 million and $50.3 million, respectively.
Spate of 3 layoffs in 6 months lead to low morale among Citi Singapore staff
SINGAPORE: The ongoing restructuring efforts by US banking giant Citigroup have left employees in its... The post Spate of 3 layoffs in 6 months lead to low morale among Citi Singapore staff appeared ...
Stable Q2 results for Singapore banks unlikely to beat Q1’s outperformance, but dividend yields remain attractive: analysts
DBS, OCBC and UOB are likely to post resilient, if unspectacular, earnings ahead of impending rate cuts – but it will be difficult to beat the first quarter’s robust results, said analysts. Read more ...
Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say
SoftBank-backed Indian e-scooter maker Ola Electric's IPO is set to draw investor bids from Fidelity, Nomura and Norway's Norges Bank, as well as several Indian mutual funds, two sources with direct ...
Ola Electric IPO GMP Today: Check e-scooter firm’s grey market premium ahead of subscription opening – Details
E-scooter manufacturer Ola Electric is set to launch its initial public offer (IPO) next week, collecting around Rs 5,500 crore from the primary market. The IPO will include both a fresh issue and an ...
$19,656 confiscated from man who had $6,976 in POSB and was jailed 10 years for trafficking heroin
The court issued a confiscation order for $19,655.97 against a Singaporean man on June 20, the amount representing his benefits from drug trafficking activities. Read more at stomp.straitstimes.com ...
PayLah users to get up to $3 cashback at hawker stalls, heartland shops on Saturdays till end 2024
Shoppers can also get $3 off egg or rice purchases at Sheng Siong supermarkets if they use POSB debit or credit cards. Read more at straitstimes.com.
Singapore is Egypt’s four biggest investor
Finance Minister Ahmed Kouchouk said, on Sunday 28/7/2024, that Singapore is Egypt's four biggest investor and the country is hoping to lure more Singaporean companies to boost economic activities in ...