Singapore Financial News

PB Fintech Ltd, backed by Info Edge and Japan’s SoftBank, got listed on the stock exchanges. Masayoshi Son’s SoftBank holds 4.39%, China’s Tencent 6.28% and Info Edge holds 17.5% in PB Fintech, while Claymore Investments (Mauritius) Pte. Ltd, a subsidiary of Singapore’s Temasek Holdings, own 5.43%.

₹245.3 crore in the first quarter ended June 30 of the fiscal year 2024. The company had reported net income at ₹234.6 crore in the same quarter a year ago. Brookfield India also announced the distribution of ₹164.16 crore to its unitholders.

free trade, but are at a disadvantage in a new era of aggressive industrial policy. Industrialized nations such as the U.K. and Singapore lack the scale to compete against the biggest economic blocs in offering subsidies.

Singapore’s declining birth rate and its aging population require a sustained yet well calibrated influx of migrant workers, according to Deputy Prime Minister Lawrence Wong. “If we are not able to bring in immigrants to top up the population then we are in structural decline, and eventually the population will decline, the workforce will decline and Singapore will decline,” Wong said at the Reinventing Destiny conference in Singapore on Monday. At the same time, Wong said Singapore is controlling the number of immigrants who will be allowed to work and that the number isn’t limitless nor excessive. “At the end of the day, the numbers are constrained by how much we are able to integrate the new arrivals” and how the migrants “embrace our values and way of life.” As a small, open economy, Singapore relies on foreign workers to help meet its labor needs. Yet immigration rules have tightened in recent years as the government needs to strike a balance between protecting local jobs as well as ensuring that it has enough resources to meet the demands of an increasing migrant population amid slowing economic growth. “We will not have the ability to integrate all of them into our society,” he said. “A small proportion will come in as permanent residents and it’s gated, it’s regulated. And we want to make sure that those who come in as permanent residents and eventually citizens are the ones who have the best chance to integrate into our society.”

Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.

It has announced distributions totalling Rs 164.2 crore for the quarter.Brookfield India REIT has achieved gross leasing of 2.98 lakh sq ft during the quarter including 63,000 sf of new leasing and 2.35 sq ft of renewals. The REIT witnessed an average escalation of 9.1% on 1.7 million sq ft leased area.

Once upon a time there was a golden age. Porridge was neither too hot, nor too cold. Interest rates were low, valuations were high and there was leverage for all. Banks wined and dined private equity funds so that they might be considered as lenders, while investors queued up to shower funds with cash. Everything was awesome, as the Lego movie told us.

The retail category was subscribed the most at 6.02 times, followed by non-institutional investors at 1.72. The part reserved for qualified institutional buyers was subscribed just 47% on Day 3. According to market sources, the company's shares are commanding a premium of Rs 3 in the unlisted market.

By Ankur Banerjee

In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions.

NEW DELHI : India is working with multilateral forums, including the UN and the G20, to create collaborations that would certify, register, test and benchmark Indian digital public infrastructure (DPIs) and public goods (DPGs), two people with direct knowledge of the matter said. The success of some of the government’s popular DPI programmes like CoWin, UPI, Digilocker and Diksha (national digital infrastructure for teachers) has prompted New Delhi to seek its own rating and testing mechanism for DPIs and DPGs, the people mentioned above said.

Zomato. This is because ONDC is not a private platform, but is instead a network that enables all platforms and service providers to inter-operate. Amazon on 24 February said it will join the protocol.

Helios Capital recently shared that market regulator Sebi approved Helios Mutual Fund. "I am very happy to announce that SEBI has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success," Arora tweeted on Thursday.

₹35 crore net in India for all languages , according to early estimates available on Sacnilk.com. Speaking of the three days collections, the film has so far earned roughly ₹107.85 crore net in India. Speaking of estimates for Day 4, the report added that film may see collection of approximately ₹33.25 crore net in India for all languages.

FIT Hon Teng's (Foxconn) board approved a $400-million investment in Telangana, Foxconn India representative V Lee said in a LinkedIn post. This is in addition to an earlier commitment of $150 million Foxconn had made in the state. «FIT Singapore intends to inject a capital sum of $400,000,000 into Chang Yi Interconnect Technology (India) Pvt Ltd, in which FIT Singapore holds 99.99% of the capital stock,» FIT Hon Teng said in a filing to the Hong Kong Stock Exchange on Friday that was posted by Lee.

India's warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023. Around 15 million sq ft of new stock were added between January and June this year with Delhi-NCR, Mumbai and Bengaluru gaining maximum share of the supply, showed data from JLL India.

Taiwan-based Foxconn has revealed plans to increase their investment in India by ‘another $400 million’. Apple's biggest supplier is likely to use its upcoming Kongarkalan facility for the manufacture of AirPods and other digital accesories. The company had laid the foundation for a new electronics manufacturing facility in May this year as part of its USD 500 million investment in Karnataka "…FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple's biggest supplier. "...FIT Singapore's proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private Limited, which is held by FIT Singapore as to 99.99 per cent of the capital stock," FIT Hon Teng informed the Hong Kong Stock Exchange on Friday.

e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.

Amadeo by Oberoi, latest independent restaurant by The Oberoi Group offers elevated service and authentic, high-quality cuisines prepared by the talented Executive Chef Kayzad Sadri and his expert team. Derived from the Latin word Amadeus, which symbolizes receiving the love of God, the name Amadeo embodies the ambrosial culinary offerings that are served with Oberoi's signature grace and personalized care.

Ports, Shipping and Waterways Sarbananda Sonowal has stressed unlocking the vast potential of India's maritime sector, saying the country's strategic location and commitment to sustainable practices present unparalleled opportunities. Hosting foreign heads of missions and officials here on Friday evening, Sonowal underlined that India stands at the cusp of a maritime revolution. The event was organised ahead of the Global Maritime India Summit 2023, scheduled to be held in Delhi on October 17-19.