Singapore Financial News

IPO) of Le Travenues Technology, the parent company of online travel platform Ixigo, sailed through on its opening day on Monday, with the issue being subscribed 1.95 times. According to data from the BSE, investors placed bids for 85.5 million shares against 43.7 million shares available. The retail investors' portion was subscribed 6.21 times, while the non-institutional investor segment was subscribed 2.78 times. Qualified institutional buyers bid for 0.12 times the shares on offer. The IPO, which closes on June 12, includes a fresh issue of ₹120 crore and an offer for sale of up to 66.6 million shares.

Singapore Airlines has sent offers of compensation to passengers on board a flight last month that encountered severe turbulence that led to dozens of injuries and one death, the carrier said on Tuesday.

Akira Ransomware Singapore has become a clear and present danger to the cryptocurrency market in the Lion City. On June 8, Singaporean authorities warned local businesses about the rising threat of an Akira ransomware variant in the country.

A Zambian court has sentenced 22 Chinese nationals to long prison terms for cybercrimes that included internet fraud and online scams targeting Zambians and people from Singapore, Peru and the United Arab Emirates

Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.

Dr Reddy’s Laboratories: The pharmaceutical company has reported that the US FDA issued a Form 483 with four observations at its API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh on June 7. The company has stated that it will address these issues within the stipulated timeline.Mphasis: BCP Topco IX Pte, a Singapore-based private limited company linked to Blackstone, is set to sell a 10.6% stake in Mphasis at a base price of ₹2,350 per share.

euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year.

Masdar Energy of the UAE, Singapore's Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development.

Kinjarapu Ram Mohan Naidu of the TDP has been sworn in as a member of the new Union cabinet.It was an accident that brought the 36-year-old Kinjarapu Ram Mohan Naidu into politics. The year was 2012. Reddy, an alumnus of Delhi Public School in R.

policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors want to see evidence that Modi can sustain his reforms with the same vigor, while keeping alliance partners happy and avoiding populist measures to regain public support.

₹333 crore from anchor investors. The subscription period for Le Travenues Technology's initial public offering will wrap up on Wednesday, June 12.Major investors that have subscribed to ixigo IPO's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the Government of Singapore, and Tata Investment Corporation.“The IPO Committee of the company at its meeting held on June 07, 2024, in consultation with Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited (“Book Running Lead Managers"), have finalised allocation of 35,811,405 equity shares, to anchor investors at anchor investor allocation price of ₹93/- per equity share," said the company in an exchange filing on Friday, June 7.Out of the total allocation of 35,811,405 equity shares to anchor investors, 12,087,583 equity shares (33.75% of the total allocation to anchor investors) were allocated to four domestic mutual funds that applied through a total of seven schemes (SBI Magnum Children's Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, Motilal Oswal Large Cap Fund).ixigo IPO already announced pre-IPO secondary placements of about ₹176.2 crore at the upper end of the price range, which were completed a day before the anchor book opened.ixigo is a digital firm that enables Indian travellers to plan, book, and manage their journeys by train, air, bus, and hotel.

India ranked among the top five cross-border capital destinations globally for land and development site investments in the March quarter with foreign investors backing about 55% of the inflows, said real estate services firm Colliers. Notably, 73% of the fresh foreign investments were aimed at ready assets, according to Colliers' latest Asia Pacific Global Capital Flows report.

Air Canada Boeing carrying 400 passengers suddenly started emitting flames immediately after take-off from Toronto on Wednesday. It was en route to Paris. A video showing the terror was uploaded on social media, reports 'New York Post'. Confirming the incident, Air Canada said in a statement that the plane developed an unspecified “engine issue”. However, it turned around quickly and made an emergency landing back at the Toronto airport, fire crews attended the plane. Air Canada claims that no one has been injured.

Le Travenues Technology, which operates travel platform Ixigo, on Friday raised around Rs 333 crore from anchor investors ahead of its IPO launch. The issue opens for subscription on June 10 and closes on June 12. Some of the marquee investors who subscribed to Ixigo's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, Tata Investment Corp.

An Elliptic report exposed the rise of AI crypto crimes marking a new era of cyber threats, exploited for deepfake scams, state-sponsored attacks, and other sophisticated illicit activities.

Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million as the company looks to speed up its cryptocurrency expansion globally

India's strong growth is leading to a trend of 'reverse flipping' as domestic startups that once used to move abroad for capital access and tax benefits are now returning home, a top government official has said. Commerce Secretary Sunil Barthwal also said that the digital economy along with emerging technologies like AI and the rise of data centres were key to future Indian growth.

Ministry of Commerce and Industry took center stage at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, held at the iconic Marina Bay Sands in Singapore.

Air India and Vistara, forming one of the largest airline groups globally, according to a PTI report.Following the merger announced in November 2022, Singapore Airlines will hold a 25.1 percent stake in Air India. Vistara is a joint venture between Singapore Airlines and Tata Group.Also Read | Air India to operate as merged entity from 2025, no Vistara brand by year-endThe Chandigarh bench of the NCLT issued a 31-page order approving the "composite scheme of arrangement" involving Talace, Air India, and Vistara — all part of the Tata Group.

Robinhood Markets has announced an agreement to acquire Bitstamp Ltd ., one of the oldest and most respected cryptocurrency exchanges, in a $200 million all-cash deal.

Weird things keep happening on Singapore beaches these days and the recent incident is a testimony to the same. A man named Dennis Chan found a creature with a buried face in the sand within shallow seawater, with its strange eyes toward the sky.