Singapore Financial News

07.03 / 18:13

Strategy WhatsApp Fitch wellness stake Singtel sells 0.8% stake in Airtel to GQG Partners for Rs 5,885 crore

Singtel) has sold a 0.8% stake in Bharti Airtel to US investment firm GQG Partners for about ₹5,884.8 crore (S$950 million) as part of its value unlocking strategy and to raise funds for other ventures like data centres. Singtel, through its wholly-owned subsidiary Pastel, sold 49 million shares of Bharti Airtel at ₹ 1,193.7 apiece. Shares of Airtel touched a 52-week high of ₹1,213.05 apiece on the BSE on Thursday. They closed nearly 1% higher at ₹ 1,203.50 apiece.

07.03 / 12:47

markets Digital WhatsApp GDR country Elara Capital India appoints Manoj Kohli as non-executive chairman of board

Elara Capital India has appointed Manoj Kohli, former country head of Softbank India, as non-executive chairman of its board, said a company statement on Thursday. “Elara Capital will extensively benefit from Manoj’s extensive business and leadership skills to help strengthen our business focus. His guidance will be invaluable to us to further strengthen our client offerings and achieve our growth plans,” said Raj Bhatt, chairman, Elara Capital.

07.03 / 02:07

markets economy Remark CME Trade Bitcoin Dollar falls with Treasury yields on views of looming US rate cuts

By Rae Wee

07.03 / 01:39

markets Digital Research Trade Bitcoin Bitcoin, gold at all-time highs but for different reasons

Record highs for bitcoin and gold are sending mixed messages about the appetite for risk across global markets.

06.03 / 20:13

Blockchain Provident Digital security trends stake Japan’s Daiwa Capitalizes on Crypto Boom, Secures 10% Stake in Singaporean Startup

Japan’s Daiwa Securities has decided to acquire a 10% ownership stake in Singapore-based crypto startup Penguin.

06.03 / 15:39

markets Provident Target Platform Action Food Trade stake Bulk Deals: China's Antfin sells over 2% stake in Zomato for ₹160.40 per share

Zomato through bulk deals on Wednesday, March 6, according to data available on BSE. Antfin offloaded a total of 176.4 million shares of the company within the price range of ₹160.11 to ₹160.40 per share. The Chinese company held a 6.32% stake in the quick commerce services provider, as of December 2023.

06.03 / 10:25

Adoption BitStamp Bitstamp Secures In-Principle Approval for Digital Asset Services License in Singapore

European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore.

06.03 / 07:55

UPS Digital ETF Trade Bitcoin show Bitcoin back on the rise after vaulting to new record

SINGAPORE (Reuters) — Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24 hours earlier, as bulls showed few signs of pulling their bets on the world's largest cryptocurrency.

06.03 / 07:41

COST UPS wellness Bill reports Relationships Buy your car with a credit card, save 4-11% on costs

₹12 lakh and getting cashback worth two flight tickets to Singapore. Well, you can make it happen. The only rider is that the purchase has to be made with a credit card.

06.03 / 05:17

markets Target economy trends Trade show performer Asia FX muted, dollar steadies with Powell testimony on tap

Investing.com-- Most Asian currencies moved little on Wednesday, while the dollar steadied from recent losses as markets hunkered down in anticipation of more key cues on U.S. monetary policy.

06.03 / 02:55

markets UPS Target Trade Bitcoin show China stocks lead Asia lower, gold drifts after record peak

By Ankur Banerjee

06.03 / 02:17

markets UPS BLOCK Platform security Food reports Socks to Watch: Zomato, Coal India, Samvardhana Motherson, BHEL, Adani Green Energy

Zomato: Antfin Singapore Holdings Pte, a subsidiary of the China-based Ant Group, is reportedly planning to sell up to 2% stake or 17.64 crore shares in the food delivery platform Zomato. The transaction, which is expected to be worth ₹2,800 crore, will be conducted through a block deal, reported CNBC-Awaaz on Tuesday. The block deal's floor price has been set at ₹159.4 per share, indicating a 4% discount on Zomato's current market price, as per the report.

06.03 / 01:11

markets UPS WhatsApp Antfin looks to sell 2% in Zomato

Antfin Singapore Holding is looking to sell up to 2% stake in Zomato through large deals in the open market. The Ant Group will sell the shares at ₹159.4, which is at a near 4% discount to Tuesday's closing price of ₹165.8 on the NSE.

05.03 / 16:11

Target Reuters President reports Investigations peace International China drops 'peaceful reunification' reference to Taiwan, raises defence spending by 7.2%

China reiterated a call for "reunification" with Taiwan, but added emphasis that it wants to "be firm" in doing so and dropped the descriptor "peaceful", which had been used in previous reports. Although it is not the first time that China had omitted the word "peaceful", the change in language is closely watched as a possible sign of a more assertive stance towards Taiwan. China has been increasing its military budget, and it has been more than doubled under President Xi Jinping's 11 years in office, Reuters reported.

05.03 / 15:55

CEO information Schools Courts rights Byju's investors file SC caveats on rights issue

Byju's have filed their caveats in the Supreme Court, requesting to be heard before any order is passed on any petition likely to be filed against a National Company Law Tribunal order that allowed edtech firm to go ahead with its $200 million rights issue. Prosus, Sofina SA, Peak XV Partners Investments, and General Atlantic Singapore TL Pte Ltd have filed separate caveats in the SC on Monday.

05.03 / 15:05

markets UPS JPMorgan Platform performer Sea Ltd's e-commerce unit likely to drive up earnings estimates - JPMorgan

Investing.com — Sea Limited 's (NYSE:SE) e-commerce unit will likely drive positive revisions in the Singaporean conglomerate's near-term outlook, according to analysts at JPMorgan.

05.03 / 11:31

Cooper Action Experts fantom Courts Updates Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit

Fantom Foundation, the team that builds Fantom Network, has received a favorable judgement from the High Court of Singapore in its legal action against the cross-chain protocol Multichain.

05.03 / 09:52

WhatsApp country India extends mandate for utilities to import 6% of coal needs until June

power producers to import 6% of their coal requirements until June, despite adequate domestic availability, amid transport constraints and higher electricity demand, a power ministry note said on Tuesday. India last year had asked utilities to import 6% of their coal requirements until March due to an unprecedented surge in power and coal demand. Despite record production by state-run Coal India, which accounts for about 80% of India's domestic production of the fuel, constraints with the country's railway network necessitated imports, the note said.

05.03 / 08:21

markets Digital ETF Bitcoin Apogee show Bitcoin’s market value touches record as token’s price nears all-time high

Bitcoin’s price is in sight of an all-time high and the crypto faithful are on tenterhooks for a never-before-seen level. But in market value terms the token already touched a record. The market capitalization of Bitcoin reached $1.35 trillion, scaling the peak of $1.28 trillion from November 2021, CoinGecko data show. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run.

05.03 / 08:11

markets Digital cover Schools Relationships Standard Chartered appoints Sanjay Gurjar as Co-Head, Client Coverage – CCIB, India & South Asia

Standard Chartered Bank, India has appointed Sanjay Gurjar the Co-Head, Client Coverage — Corporate, Commercial and Institutional Banking (CCIB) for India and South Asia, the company said in a statement on Tuesday. Gurjar’s remit will cover Local Corporates & Middle Markets in India, Bangladesh, Sri Lanka & Nepal. Prior to this assignment, Gurjar was the Managing Director & Head, Banks & Broker Dealers (BBD), ASEAN & Head Financial Institutions (FI), Singapore.

05.03 / 05:51

Target security economy wellness Universities reports China in a surprise announcement says it is eliminating annual news conference by premier

The Chinese government says it is eliminating an annual news conference by the premier that was one of the only times a top Chinese leader took questions from the news media

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