Singapore Financial News

₹5,500 crore, on Friday, December 22. This marks the inaugural IPO from an Indian electric vehicle (EV) manufacturer and is notably the first IPO by a two-wheeler maker in India since the introduction of Bajaj Auto in 2008.

airports in the world. For example, the new Bangalore Terminal 2 is made with a bamboo motif and feels like a mix of Singapore Changi Airport and being in the Broadway musical, Miss Saigon.

Throttling back on oil production hasn’t helped OPEC and its allies to push up crude prices lately. At least four times in the past 15 months, members of the alliance known as OPEC+ have slashed oil output, only for prices to soon retreat anyway. A surge near $100 a barrel petered out earlier this year, and crude futures tumbled 10% in the two weeks after the coalition announced a roughly 5% reduction on Nov.

Singapore has possibly peaked, and there is no need for additional measures, like wearing a face mask mandate, to be implemented, said Minister for Health (MOH) Ong Ye Kung. “We might have a slight surge, but I think more or less, we are seeing the peak of this wave," Channel News Asia quoted Ong as saying on Friday at the soft opening of a health campus at Woodlands in northern Singapore. However, having about 600 to 700 hospital beds taken up by COVID-19 patients is quite a strain on the system, the minister noted.

Christmas and year-end season? Pretty much everywhere! Going by most accounts, the October to December quarter this year is likely to be a bumper quarter for the travel and hospitality sector with most companies claiming to have an even better momentum than in 2019. «There is a lot of talk about high airfares but the important thing to note is that people are travelling,» said Rajesh Magow, cofounder and group CEO of MakeMyTrip. «Typically, international travel bookings, even for short-haul travel, are made a couple of weeks or more in advance. However, with markets such as Thailand and others making the entry process a lot easier, we are seeing advance purchase windows for these destinations becoming shorter, in many cases, stretching to a couple of days,» he said. As per MakeMyTrip data, the top destinations for the last week of December in the domestic sector include Goa, Rajasthan, Varanasi, Kerala, Rishikesh and Kashmir. In terms of international flight bookings, popular destinations such as the UAE, Thailand, Singapore, and Indonesia continue to be favourites.

Ola Electric IPO: SoftBank Group-backed e-scooter maker Ola Electric filed its preliminary draft papers on Friday, December 22, with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹5,500 crore through an initial public offering (IPO). This will be the first IPO by an Indian electric vehicle (EV) maker and also the first by a two-wheeler maker in India since the debut of Bajaj Auto in 2008.

Rario, a cricket-focused non-fungible tokens (NFTs) platform, reported an over ten-fold increase in losses to Rs 560 crore in the fiscal year ending March 2023, partly due to a write-off of intangible assets amounting to Rs 458 crore related to its NFTs. In FY22, the firm had incurred a loss of Rs 47 crore. Backed by real money gaming firm Dream Sports, Rario’s operating revenue grew to Rs 39 crore in FY23, compared to Rs 1 crore a year earlier, according to filings made by the firm’s holding entity Digital Collectibles based in Singapore.

Adani Wilmar, one of the largest edible oil and food processing capacities in India, rallied 5.2% to ₹369.70 apiece in today's trade. The positive momentum stemmed from reports that India will allow the import of edible oils at lower import tax rates until March 2025. "The lower import duty structure on crude palm oil, crude sunflower oil, and crude soy oil was originally set to expire in March 2024.

Covid-19 LIVE updates However, 16 states and union territories including West Bengal, Odisha, and Himachal Pradesh among others have not reported any Covid cases this time. JN.1 Covid variant: Delhi, Kerala, and other states review coronavirus situation According to the health ministry's data, Kerala accounts for 2,606 active cases of the total of 2,997 cases as of Friday 9 am data. Covid cases in Karnataka stand at 105 and in Maharashtra at 53.

Singapore jumped to 965 in the past week, up from 763 the previous week. The number of patients admitted to intensive care units (ICU) went up from 23 to 32 in the same period. These are the highest numbers of new weekly hospitalisation and ICU admission for COVID-19 patients in 2023, TODAY newspaper reported on Thursday.

As we near the conclusion of 2023, it's worth noting that December 21 has historically been a bullish day for the past 35 years, showcasing the highest daily gains across all major US indexes. The average rise on this day is as follows:

A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC).

The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million.

JN.1 is a descendant of the "pirola" variant BA 2.86, which by itself is an Omicron subvariant. JN.1 has an additional mutation receptor binding domain (L455S) compared to BA 2.86. JN.1 has extensive resistance across receptor binding domain classes 1, 2, and 3 and shows higher immune evasion as compared with BA 2.86 and other resistant strains.

London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers in the country can buy, sell, and hold over 100 different digital currencies on the Revolut app.

The Indian SARS-CoV-2 Genomics Consortium (Insacog), the network of laboratories set up to monitor genomic variations of the coronavirus, has so far found 21 cases of infection with the JN.1 subvariant, which the World Health Organization (WHO) has declared as a «variant of interest». Twenty of the cases with the JN.1 strain were found in Goa and one in Kerala, where it was detected first in the country on December 8.

All three hires are based in Singapore and report to global head of sustainable investment Natalia Rajewska.

₹123,500 for a lake-view room to ₹360,000 for its lower-priced suites. Dither while deliberating whether ₹560,000 for a 53-59-square-metre Royal suite is worth it, and the website warns in red letters that these are the last few available in this category. Nice work if you can get it, as they say.

As the world’s demand for chocolate grows, farmers in Nigeria are moving into protected areas of a forest reserve that's home to endangered species like African forest elephants

Sumitomo Mitsui Banking Corporation (SMBC), Japan's second largest bank by assets, has closed a $120 million aircraft financing loan to Air India to help it purchase of an A350-900 aircraft delivered by Airbus. SMBC was the sole bank in the transaction and the transaction was orchestrated with the assistance of Air India’s wholly owned subsidiary in Gujarat International Finance Tec-City (GIFT City), AI Fleet Services Ltd, the bank said. SMBC Singapore branch was involved in the transaction. The aircraft purchase was part of Air India’s order of 470 aircrafts placed earlier this year. «Through an innovative GIFT City structure, we have successfully completed this aircraft secured debt facility amid a fast-growing Indian market, marking the bank’s first aircraft finance lease transaction of its kind,» said Hiroyuki Mesaki, country head, SMBC India. Nipun Aggarwal, chief commercial officer at Air India said the A350-900 aircraft is among the first deliveries of the Tata Group's large aircraft order.

The rapidly evolving landscape of blockchain and cryptocurrency has long been taking over the art world. Once only available to a few, the disruption of the NFT industry through blockchain has made art, or ‘digital art’ accessible to everyone, far beyond the VIPs and the exclusives of art galleries. From the advent of Banksy to the proliferation of Crypto Punks, the modern art world has become surrounded by digital collectibles.