Singapore Financial News

Private equity (PE) investments in India’s real estate have been falling over the last five years, through a residential boom and recovery in the commercial office segment. While the number of deals has remained constant, the average deal size has shrunk. Mint explains why: The value of PE deals in real estate fell from $5.1 billion in FY20 to $3.7 billion in FY24, says Anarock Capital, the investment banking and advisory arm of Anarock Group.

Elon Musk's Tesla lays off 14,000 global positions amid slowdown in EV demand: 'This will enable us...' “The Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd.

NEW DELHI : In an aggressive move to boost market share and strengthen its financial footing ahead of its initial public offering (IPO), Ola Electric has substantially reduced the price of its new S1X scooter, powered by a 2kWh battery, which it had announced in February. The price cut of ₹10,000, a 12.5% reduction from the original ₹80,000, brings the ex-showroom cost down to ₹70,000.

The Federation of Automobile Dealers Associations (FADA), the apex national body of automobile retail in India has announced the start of Dealer Satisfaction Study for Finance and Insurance to be undertaken in association with PremonAsia, a consumer-insight-led consulting and advisory firm based out of Singapore.

Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.

global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain disruption and increasing the probability of choking shipping routes, experts here have said. Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict. Iran and its proxies launched 330 missiles and drones on Israel late on Saturday night in retaliation to an alleged attack by Israel on a diplomatic mission of the Islamic Republic in Damascus on April 1 in which several people, including two top commanders, were killed. There is a concern about the probability of a Persian Gulf shutdown, though many maintain hope of defusing fierce tension in the region, a delegate at the opening of Singapore Maritime Week on Monday, told PTI.

Real estate tycoon Truong My Lan's death sentence is a pivotal moment in Vietnam’s anti-corruption drive

Dymon Asia Capital, the Singapore-based hedge fund, was opening a new office in Mumbai last time we checked. It’s been a while, however. Dymon already has offices in Hong Kong, Shanghai, Tokyo, Malaysia, and has its eyes on Dubai, with Mumbai now up and running.

Artificial Intelligence (AI) in modern processes, including court proceedings, raises complex ethical, legal and practical considerations that demand a thorough examination, Chief Justice of India D Y Chandrachud said on Saturday. The CJI said AI represents the «next frontier of innovation» and its use in court adjudication presents both opportunities and challenges that warrant nuanced deliberation. Justice Chandrachud said while AI presents unprecedented opportunities, it also raises complex challenges, particularly concerning ethics, accountability and bias and addressing these challenges requires a concerted effort from stakeholders worldwide, transcending geographical and institutional boundaries. He was speaking at a two-day conference on technology and dialogue between the Supreme Courts of India and Singapore.

Ethnologue data). This may be a function of a more globalised world and the need for a common language. Interestingly, English is not a rigid language and has various versions across different geographies to help the local population converse more seamlessly.

India is a cricket-crazy country and perhaps it's no surprise that bookings are coming in thick and fast for the upcoming T20 World Cup 2024 to be held in the US and West Indies this June. But it's not just cricket. Indian sports fans are travelling the world to watch their favourite sporting events across categories like never before, buoyed by rising disposable incomes, travel companies said. Rajeev Kale, president and country head for holidays, MICE and Visa at Thomas Cook (India), said that besides the demand for the T20 World Cup from both leisure and corporate customers, the company is seeing high interest for Wimbledon in London, as well as Formula One races in Abu Dhabi, Singapore and Bahrain throughout the year. The company's data indicates an uptick of 25-30% in bookings for key global sporting events this year, he said. «Besides corporate incentives, head honchos from India Inc and HNI-UHNI leisure travellers, our data reveals strong demand emerging from younger audiences as well who are keen to tick off their bucket lists,» Kale said.

business school Insead has no plans to open a campus in India, its dean, Francisco Veloso, told ET in a recent interaction. However, the institute is committed to developing and strengthening industry-academia research in future with top Indian multinationals and large startups, as well as expand and enhance educational collaborations here, said Veloso, a professor of strategy who took over as the dean of the institute in September. Last year, the University Grants Commission notified guidelines for foreign universities to set up campuses in India.

INSEAD, one of the world's leading graduate business schools, has no immediate plans to open a campus in India though it remains committed to developing and strengthening industry-academia research in future with top Indian multinationals and unicorn startups. Francisco Veloso, who took over as dean of the institute in September last year, says Indian students form the most represented nationality at the global business school with representation of about 12-15%, higher than Chinese students at 9-10%. In an exclusive interview with ET’s Rica Bhattacharyya, Veloso talks about the inroads AI is making into classrooms and the rising interest among Indian business leaders to learn this transformational technology. Edited excerpts: INSEAD has set up its physical presence over the years in multiple countries. Do you have any plans to set up a campus in India? India is a very important and fast-growing country for the world, and has an increasing significance internationally. We at INSEAD have many ties with India. About 10% of our faculty are originally from India and it is one of the most represented nationalities in our faculty. We have many alumni in India and have important partnerships with them in the country.

Taiwan and China can peacefully resolve their differences, former Taiwan President Ma Ying-jeou said on Thursday after meeting Chinese President Xi Jinping, adding that people on both sides of the Taiwan Strait share the same culture and history. Ma, president from 2008 to 2016, last year became the first former or sitting Taiwanese leader to visit China.

BEIJING — China's commercial property sector is seeing pockets of demand amid an overall real estate slump.

Mint, Sinha said the company is shifting its focus to round-the-clock (RTC) renewable energy projects, and highlighted its preference for battery energy storage systems due to their shorter setup times for grid-scale implementation. ReNew has a joint venture with US-based Fluence to offer energy storage solutions in India.

The New York Stock Exchange is actively engaged with a pipeline of Japanese companies, some of which may consider a US listing over the next 18 months, according to the bourse’s vice chairman.

One 97 Communications, the parent company of Paytm, shows that the holding of domestic investors has increased in the fourth quarter of FY24 driven by mutual funds along with new FPIs buying the stock. Mutual Funds have increased their stake in Paytm by 1.17% from 4.99% in the quarter ended December 2023 to 6.15% in the March 2024 quarter, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund.

Air India Ltd. is mounting with aircraft technicians planning a strike later this month after its pilots voiced concerns last week about being overworked and underpaid. Technicians at AI Engineering Services Ltd. — a state-run maintenance, repair and overhaul firm and an erstwhile Air India unit — will strike on April 23 due to various issues affecting their “well-being” and “professional growth,” All India Aircraft Maintenance Engineering Union wrote in a letter dated April 8 to the chief executive officer. A representative for Air India said the situation is being monitored closely.

MUMBAI : To capitalize on the country’s rising equity investment trend, especially through mutual funds, IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd.

MUMBAI : IndusInd International Holdings Ltd, a Mauritius-based investment firm led by the Hinduja brothers, has agreed to acquire a 60% stake in Invesco Asset Management India Ltd to form an asset management joint venture. Other deal terms weren’t disclosed.