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white rice to Bhutan, Mauritius and Singapore, and allocated export quotas for the kitchen staple. The Directorate General of Foreign Trade, in a notification, said that exports of 79,000 metric tons of non-basmati white rice would be allowed to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius. “Export of non-Basmati white rice…to Bhutan, Mauritius and Singapore is notified,” the DGFT said in a notification. Last month, India prohibited the export of non-basmati white rice but said that exports will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their governments. The exports have been permitted through National Cooperative Exports Limited. India exported $2.2 billion of non-Basmati white rice in FY23 of which $87 million worth of the staple was shipped to Nepal and $38 million to Singapore.

₹947 crore ($114.7 million), news agency Reuters quoted exchange data. Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals, the report added. According to the data from the National Stock Exchange, the firms who bought Zomato shares include International Monetary Fund, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs (Singapore), Invesco Mutual Fund and Kotak Mahindra Life Insurance.

Good news for air passengers! Kempegowda International Airport Bengaluru’s (BLR Airport) Terminal 2 (T2) will commence its international operations from August 31 onwards. The first international flight is all set to take off from Bengaluru Airport tomorrow. 

India on Tuesday said it has decided to allow export of rice to Singapore in view of the special relationship between the two countries.

MUMBAI : SoftBank’s Svf Growth (Singapore) Pte. Ltd is set to divest a 1.17% stake in Zomato Ltd on 30 August. The deal is expected to fetch ₹940 crore ($114 million) for the Japanese investor.

Tribeca Investment Partners is set to extend its dominance from resources stocks to infrastructure names, as it reels in a big-ticket Asian sovereign wealth fund with a freshly minted fund.

Mansi Madan Tripathy will take over as the new country chair of Shell India from October 1, the company said in a statement. She will succeed Nitin Prasad who has been heading Shell in India since 2016. Mansi joined Shell in 2012 from Procter & Gamble and has held multiple assignments at the energy major. Currently, she is based in Singapore as vice president of Shell Lubricants for Asia Pacific, a role she will not relinquish when she returns to New Delhi in October to head the Indian operation. Before moving to Singapore, Tripathy served as the managing director of Shell Lubricants India. Tripathy is an engineering graduate from the National Institute of Technology Kurukshetra and has an MBA in Marketing from S.P.

New Delhi: Consumer goods company Procter & Gamble India, maker of brands like Ariel, Whisper, and Gillette, on Monday announced the appointment of Mukta Maheshwari as the company’s chief marketing officer (CMO), effective 1 September. Along with leading the marketing function at the company, Maheshwari will also head the fabric care category for P&G India.

SINGAPORE — Southeast Asia's fourth largest bank OCBC suffered a short outage on Monday that affected its digital and card banking channels.

(Reuters) — Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) said on Monday it is facing technical problems with its systems impacting various banking channels.

The Monetary Authority of Singapore (MAS) has unveiled its finalized regulatory framework for stablecoins. This development follows a public consultation in October 2022 and a parliamentary inquiry on 20 March 2023 regarding MAS' stance on cryptocurrency trading risks and stablecoin development. Senior Minister in charge of MAS, Mr. Tharman Shanmugaratnam, emphasized the consultation papers' intent to reduce consumer risks from cryptocurrency trading and ensure stablecoin value stability. The consultation period, which concluded on 21 December 2022, saw MAS receiving extensive feedback.

Analysing the FDI Flow India's thriving economy has also attracted $46 billion in FDI during FY2023, registering a remarkable growth of 89% since FY2014. This warrants scrutiny of the jurisdictions contributing to this inflow.

According to a report by CNN, in 2021, Murugan fell off the back of an overcrowded lorry, leading to a fracture on his leg. Murugan’s accident occurred on January 3, 2021.

UFC) is set to ignite the Octagon in Singapore once again, presenting an electrifying fight card that promises action-packed showdowns. This weekend's event marks the sixth occasion that the premier mixed martial arts promotion has ventured to the Asian island nation, with the previous visit dating back to June 2022.

Singapore is ready for a non-Chinese prime minister at any time, presidential candidate Tharman Shanmugaratnam has said ahead of the September 1 election, calling it a marker of the society's progress in the country dominated by Chinese-origin population. Race is a factor in politics everywhere, he said on Friday, citing former US president Barack Obama, who has spoken and written about it. However, Singaporeans today, unlike 40 or 50 years ago, look at all factors and not just race, said 66-year-old Tharman, a Singaporean of Indian origin. «They look at people in totality… Singapore is ready at any time.

The International 2023 will take place in Seattle, Washington less than two months from now, its sale of tickets will begin soon. The North American city will host Dota 2’s biggest competition for the first time since 2017. Dota 2 is a multiplayer online battle arena (MOBA) video game owned by Valve. Before Valve decided to take The International to other cities like Singapore, Shanghai, Bucharest and Vancouver, the IT was held in Seattle.

Vauld, a Singapore-based crypto exchange that has been in ongoing bankruptcy proceedings since August 2022, has said that it had received permission from the court to restructure its board. The new top management will lead the company’s bailout process. 

The new rulebook will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency, that are issued in Singapore. Issuers of such SCS will have to fulfil key requirements relating to value stability - including information relating to their composition, valuation, custody and audit - new capital requirements and redemption and disclosure rules.The new rules have been designed to ensure an orderly wind-down of failing stablecoins schemes and full value returns to investors.Only stablecoin issuers that fulfil all requirements under the framework can apply to MAS for their stablecoins to be recognised and labelled as 'MAS-regulated stablecoins'.

Max Financial Services, on Thursday, sold 3.3% stake in the company for Rs 982 crore. The promoter group entity sold 1.12 crore shares in Max Financial at Rs 873 apiece. This is at a discount of around 1% to Wednesday’s closing price of the stock. As of June-end, Max Ventures Investment held a 10% stake in the financial services company. Despite the selling, shares of Max Financial ended nearly 3% higher at Rs 904.35.

Chandrayaan-3 reached the South Pole of the Moon, a soft landing never attempted by any other country. Indians were jubilant in celebrating this achievement they did not forget a New York Times cartoon that came out six years ago. The cartoon that was published following the success of Mangalyaan mission in 2014, returned to social media after years wherein Indians took a dig at the US-based news paper.

Stakeholders in New Zealand are advocating for a gradual and meticulous strategy in regulating the crypto industry in the country. On the other hand, Singapore is embracing a proactive and comprehensive regulatory stance toward stablecoins.