Tag: ipo

The moth-eaten LVB will cease to exist, its equity completely wiped out.Only its deposits will appear on the books of the India unit of DBS Group Holdings Ltd, Singapore’s biggest bank ... ( read original story ...)

The merger of Lakshmi Vilas Bank, an old private sector bank from India, with a foreign bank like Singapore-based DBS Bank is expected to bring its own set of challenges Bank mergers in India have got ... ( read original story ...)

The Singapore-based company’s revenue doubled to $1.2 billion for the quarter and it boosted annual forecasts for two key businesses. But net losses also doubled to $419.9 million and ... ( read original story ...)

Lakshmi Vilas Bank is set to be folded into the Indian unit of Singapore's DBS under a plan proposed by the Reserve Bank of India (RBI), which took over LVB on Tuesday due to a "serious deterioration" ... ( read original story ...)

DataRobot, the Boston-based enterprise AI company that hit unicorn status last September after a $207 million Series E round, has brought in another massive fundraise: $270 million in what the startup ... ( read original story ...)

The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in ... ( read original story ...)

Deal value was 86% lower than last year. Sales activity for commercial real estate in Singapore contracted the fastest across all major APAC markets in Q3, with the number of deals plunging 74% YoY ... ( read original story ...)

We are talking to different companies to build a diversified portfolio of safe and effective coronavirus vaccines for Singaporeans, says Lawrence Wong, second minister for finance and co-chair of the ... ( read original story ...)

With COVID-19 highlighting the need for robust supply chains, Singapore believes a common data infrastructure is essential in resolving critical painpoints and linking key stakeholders including ... ( read original story ...)

A coronavirus vaccine won't be the silver bullet to end the pandemic, Singaporean minister Lawrence Wong said despite "promising" news from pharmaceutical firms. Beyond a vaccine, testing and ... ( read original story ...)

The appointments come after the resignations of chairman Goh Jin Hian and finance director William Teo.. Read more at straitstimes.com. ( read original story ...)

Real estate investment trusts are the mainstay of Singapore listings, a rare example of liquidity and foreign interest in an otherwise dull local bourse. Two contrasting mergers tell intriguing ... ( read original story ...)

The four-day Bloomberg New Economy Forum kicked off on Monday morning with business and political leaders taking on issues from the economic fallout of the coronavirus pandemic to the future of global ... ( read original story ...)

SINGAPORE: The Singapore High Court has granted an application by a group of bank creditors to place troubled water treatment firm Hyflux under judicial management. The judicial management application ... ( read original story ...)

telecommunications and finance. Singapore's heavy dependence on the external environment to do well as an export-oriented economy makes its companies especially vulnerable to global shocks ... ( read original story ...)

Asian companies are wrapping up a solid quarter in earnings recovery. Investors, however, have chosen to ignore it. ( read original story ...)