ED imposes Rs 100 crore fine on StanChart for FEMA breach. The investigation under FEMA was taken up by ED based on a reference received from RBI to investigate advance remittances received by certain ... ( read original story ...)
TikTok owner plans to spend billions in Singapore after US ban
ByteDance, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter ... ( read original story ...)
ED slaps Rs 100 cr ban on Standard Chartered Bank for FEMA violations
The Enforcement Directorate (ED) said on Friday that the Standard Chartered Bank has been fined Rs 100 crore by its Adjudicating Authority under the Foreign Exchange Management Act, 1999 (FEMA). ( read original story ...)
EXCLUSIVE-Singapore state investor Temasek considering investing in Ant IPO – sources
Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, ... ( read original story ...)
EXCLUSIVE-Ant’s mega IPO draws interest from Singapore investor Temasek – sources
Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, ... ( read original story ...)
India’s Zomato raises $160 million from Tiger Global, Temasek unit; plans IPO in 2021
Indian food delivery startup Zomato has raised $160 million from U.S. hedge fund Tiger Global Management LLC and a unit of Singapore's Temasek Holdings, and plans to file for an initial public ... ( read original story ...)
Zomato preps an IPO menu with fresh funds
If the Gurugram-based startup pulls off the feat, it will join the likes of MakeMyTrip, which listed on NASDAQ in 2010, and Zomato’s single-largest shareholder Info Edge India Ltd, which was listed on ... ( read original story ...)
US rebound fails to halt Singapore bourse’s fall
The Singapore bourse continued its downward trajectory yesterday, with the key Straits Times Index closing 7.24 points, or 0.29 per cent, lower at 2,492.09, uninspired by Wall Street's overnight ... ( read original story ...)
Loan grants for SMEs with turnover of $10m or lower are still available
In responding to a parliamentary question of how many banks with Qualifying Full Banking Licences currently give out loan grants to local corporations with turnovers below S$10 million, Mr Tharman ... ( read original story ...)
Happiest Minds Technologies IPO a huge hit among investors; subscribed 151 times
According to the NSE data, Ashok Soota's Happiest Minds Technologies IPO received bids for over 351 crore shares against the issue size of 2.33 crore shares ... ( read original story ...)
Happiest Minds IPO Subscribed 151 Times, Retail Portion 71 Times
The qualified institutional buyers (QIBs) portion was subscribed 77.43 times, non-institutional investors 351.46 times and retail individual investors 70.94 times, data available on the exchanges ... ( read original story ...)
Nomura appoints ex-UBS banker Ravi Raju head of international wealth management
Asia's global investment bank Nomura on Thursday appointed Ravi Raju as the head of international wealth management based in Singapore. ( read original story ...)
Foodpanda, Deliveroo & GrabFood Promo Codes in Singapore (September 2020)
We can’t live without food delivery services like Foodpanda, Deliveroo, and GrabFood these days, especially when we’re too busy working from home or are just too lazy to cook. ( read original story ...)
Pandemic Will Speed Bitcoin Adoption, Says DBS Bank Economist
That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear such an observation from a ... ( read original story ...)
Singapore Stock Market May Stop The Bleeding On Thursday
Volume was 1.46 billion shares worth 1.21 billion Singapore dollars. Among the actives, the bottom fell out for SembCorp Industries, which plummeted 38.74 percent - while Venture Corporation surged 3. ( read original story ...)
Asian stock markets gain following tech bounce, euro waits for ECB
Asia's stock markets snapped their longest losing streak since February on Thursday and rose following a bounce on Wall Street, though subdued trade in currency, commodity and bond markets suggested ... ( read original story ...)