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Tag: stock market

Posted on 05/08/2023

Temasek to invest Rs 1,200 crore in M&M’s EV subsidiary

As per the agreement, Temasek will invest Rs 1,200 crore in the form of Compulsorily Convertible Preference Shares ('CCPS') at a valuation of up to Rs 80,580 crore, resulting in Temasek’s ownership ...

Posted on 04/08/2023

Singapore bank OCBC Q2 earnings rise; sees rate cuts from 2024

Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Friday posted a 34% rise in second-quarter net profit, in line with estimates, while flagging it expected interest rates to ...

Posted on 04/08/2023

When has the Singapore President’s approval been sought to tap into past reserves?

The Singapore President has powers to approve or reject requests to tap into past reserves. When have such instances come up?

Posted on 03/08/2023

Temasek to invest in Mahindra EV unit at $9.8 bln valuation

Singapore investment firm Temasek will take up to a 3% stake in Mahindra and Mahindra's electric vehicle unit at a valuation of up to $9.8 billion, the latest investment in the Indian automaker as it ...

Posted on 03/08/2023

Temasek to invest ?1200 Cr in Mahindra’s electric arm at Rs 80,580 Cr valuation

After the fund infusion, Temasek will have a shareholding in MEAL ranging from 1.49-2.97% of the paid-up share capital on a fully diluted basis. On Thursday, Mahindra Electric Automobile Ltd (MEAL), ...

Posted on 03/08/2023

Temasek to invest 1200 Cr rupees in Mahindra’s electric arm

After the fund infusion, Temasek will have a shareholding in MEAL ranging from 1.49-2.97% of the paid-up share capital on a fully diluted basis.

Posted on 03/08/2023

Temasek to invest Rs 1,200 crore in Mahindra’s electric vehicle subsidiary

Temasek, a global investment firm, has announced that it will invest Rs 1,200 crore in Mahindra’s EV subsidiary. With this investment, MEAL’s valuation goes up by 15 percent from up to Rs 70,070 crore ...

Posted on 03/08/2023

Singapore yet to receive new proposals from Malaysia to revive HSR project

SINGAPORE has yet to receive any new proposals from Malaysia to develop a high-speed railway (HSR) between Kuala Lumpur and Singapore, said Acting Minister for Transport Chee Hong Tat in Parliament on ...

Posted on 03/08/2023

Singapore consumers need over S$500,000 to achieve financial freedom: Singlife survey

A Singlife survey found that the average S'pore consumer needs to have savings of S$566,640 to achieve financial freedom. How long will it take?

Posted on 03/08/2023

Singapore bank DBS’ Q2 profit beats estimates; expects record year

Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in ...

Posted on 03/08/2023

Can Property Investing Ever Be Safe? Here’s Why A Guaranteed Real Estate-Backed Loan Could Be Your Best Option For Regular Passive Income

Since BigFundr’s targeted Deal returns of more than 6% nett p.a. are currently higher than fixed deposits and provide more stability than equity investments, investors can now diversify into investing ...

Posted on 03/08/2023

Singapore’s Bank DBS Second-Quarter Net Profit Jumps 48% On-Year

SINGAPORE (Reuters) - Singapore's biggest bank DBS Group reported on Thursday a 48% rise in net profit in the second quarter from a year earlier on the back of stronger total income growth.

Posted on 03/08/2023

Singapore’s Indian origin investment Guru Narayana Iyer Narayanan dies

Singapore’s investment guru Narayana Iyer Narayanan, who represented the interests of minority stakeholders in major corporations, has passed away. He was 95. Narayanan, who had deep knowledge of the ...

Posted on 03/08/2023

Finmo launches in Singapore after securing MPI license

Finmo, a payments company headquartered in Singapore, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Posted on 02/08/2023

Singapore’s PM defends governance after scandals

Singapore’s prime minister has defended its reputation for clean governance after a corruption investigation and an “inappropriate” parliamentary relationship tarnished the city-state’s image just as ...

Posted on 02/08/2023

Cheques, passbooks and 1-cent coins: 5 ways money and banking transactions have changed in Singapore

Amid falling cheque usage and higher processing costs, banks in Singapore will start charging customers for issuing Singapore dollar-denominated cheques by November.

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