Singapore Financial News

TVS Supply Chain IPO: TVS Supply Chain said in an exchange filing on August 9 that it has raised ₹396 crore from 18 marquee anchor investors a day ahead of its IPO subscription opening for bidding. TVS Supply Chain's initial public offering (IPO) will open for subscription on Thursday, August 10 and close on Monday, August 14. The company had fixed the price band at ₹187 to ₹197 per equity share for the proposed initial public offer.

Procurement through the GeM portal have enabled the government to save over Rs 45,000 crore since its launch in 2016, the commerce ministry said on Wednesday. Government e-Marketplace (GeM) is India's online marketplace for public procurement.

capital market regulator’s approval for the launch of IPO in July. Also Read: TVS Supply Chain Solutions IPO to open on August 10; check details here Here are the 10 key things to know about TVS Supply Chain IPO; TVS Supply Chain IPO date: TVS Supply Chain IPO opens for subscription on Thursday, August 10, and closes on Monday, August 14.

Export rule liberalization – 78% respondents cited this as the most needed. To illustrate, while the Central Board of Indirect Taxes and Customs issued a defining circular in September 2021 clarifying doubts on the scope of intermediary services, the benefit is yet to be fully witnessed with certain categories of exporters in the IT/ITeS and data hosting services sector still being continually questioned, resulting in prolonged litigation and the delay in refund resulting in working capital blockages.

The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on trial, but without preliminary detention. 

Singapore Prime Minister Lee Hsien Loong has assured that his government would maintain its high standards of honesty, integrity and propriety which its citizens expect of it, as the city-state witnessed a spate of political scandals in recent months. «Some have asked what these incidents say about the Government. My answer is this: Such issues come up from time to time,» Prime Minister Lee said in his National Day message on Tuesday.

Prime Big Deal Days will occur include Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S., and the UK. “We’ll share more details soon as we get closer to the event. We can’t wait to give our Prime members access to exclusive early savings this season," says Amazon in its blog post.

By Clare Jim

Gautam Adani is considering selling a stake in Adani Wilmar, which sells Fortune brand of edible oils, shares of the FMCG company fell up to 4.8% on Wednesday morning to the day's low of Rs 374. A possible stake sale of its 44% holding in Adani Wilmar will help Adani Group free up capital for its core businesses, Bloomberg reported last night saying that Wilmar, the Singapore-headquartered food conglomerate co-founded by billionaire Kuok Khoon Hong in 1991, could decide to retain its stake in the business. Read More Both Adani and Wilmar own a 44% stake in Adani Wilmar, whose shares have fallen 37% so far in 2023.

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

By Joanna Plucinska, Rajesh Kumar Singh, Doyinsola Oladipo and Priyamvada C

BEIJING (Reuters) -China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy.

Inox WindPromoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece.360 One WamForeign investor General Atlantic Singapore has nearly sold its entire stake in 360 one Wam through the block deals.Bikaji FoodsLighthouse India fund has sold its partial stake in Bikaji Foods via block deals. Prominent domestic funds Tata AIA Life, ICICI Pru Life and foreign investors Morgan Stanley, Kotak Mahindra AMC (Singapore) among others bought the stake in the company.Read more: What changed the market while you were sleepingCoal IndiaState-owned Coal India's consolidated net profit fell 10% year-on-year to Rs 7,941 crore for the June quarter.

Also read: Google Doodle celebrates the 148th birthday of educator and feminist Isabelle Gatti de Gamond; all you need to know The featured Doodle showcases Clarke Quay, a historically significant riverside quay that has played a pivotal role in Singapore's history. Positioned along the Singapore River, Clarke Quay was once home to warehouses that facilitated trade and commerce even before the nation's independence.

MUMBAI : Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them. Alongside, founder Ajit Prabhu will bring in additional funds to increase his stake.

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd.

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₹16,000 crore). As per their MCA filings, M-League Private Limited, the Singapore-based parent company that owns MPL, spent $92 million or ₹752 crore on advertising and promotional expenses in FY22, which was an 81% increase over FY21.

A partnership between crypto e-commerce platform Bitrefill and eSIM Go enables crypto users to buy eSIMs in 140 countries worldwide.

Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn

Crypto exchange Blockchain.com announced Monday that it received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1.