Singapore Financial News

₹1,260 crore from 65 anchor investors, a day ahead of its IPO subscription opening for bidding. As per the regulatory statement, Global marquee investors like Government of Singapore, Monetary Authority of Singapore, Morgan Stanley, Fullerton, HSBC Trustee, TA Global, The Master Trust Bank of Japan, Cohesion MK Best Ideas, Goldman Sachs, Theleme India Master Fund, BNP Paribas Arbitrage - ODI, and Principal Global invested in the diversified maritime ports company via anchor book.

(Reuters) — The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises.

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Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to $1.75 billion

By Rae Wee

Vedanta Limited has approved raising up to ₹2,500 crore through the private placement of non-convertible debentures, it informed exchanges on Thursday. These funds will be raised in one or more tranches. The natural resources major will raise funds through 250,000 debentures with a face value of ₹100,000 each.

Azure Power Global is looking to tap existing investors — Canada's CDPQ and OMERS — and also exploring options like selling minority stakes in its projects and bank debt, to raise as much as ₹5,800 crore ($700 million) to fund capacity expansion. It is considering part equity and part debt for the fundraising as it works to limit leverage. «Azure Power will need $700 million to deliver the next three power projects including 700 MW solar, 120 MW wind and 150 MW hybrid project,» said a company spokesperson. «To deliver the projects by next financial year, Azure will have to bring in part equity and raise debt.

(Reuters) — U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology.

Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States.

China's top diplomat, then the commander and political commissar of the People's Liberation Army Rocket Force (PLARF), and now the country's minister of defense. The list of disappearing leaders just continues to mount, as Beijing draws a veil of secrecy over the obvious failure of the regime's efforts to curb personal greed and excesses. Speculation about the fate of Defense Minister Li Shangfu took on a new luster when US Ambassador to Japan Rahm Emanuel cheekily tweeted that the «unemployment rate» in the Chinese government was very high.

Incubate Fund Asia, a sector-agnostic and Japan-origin venture capital firm, on Wednesday announced the first close of its third fund, which has a target corpus of $50 million (Rs 416 crore). The Singapore-based fund also said it is rebranding itself as Incubate Fund Asia. Previously, as Incubate Fund India, it only backed domestic startups such as Captain Fresh, Yulu, ShopKirana and Plum from its first two funds since 2016. It has backed 27 companies so far.

Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia.

aviation ministry, a person aware of the matter said. “According to the DGCA, Akasa Air is eligible to apply for international scheduled air transport services," the ministry informed the airline. “However, it is also informed that based on traffic rights to be allocated to Akasa Air, scrutiny of country-specific preparedness will be carried out by the DGCA before permitting Akasa Air to operate international operations." Since 2019, Indian airlines have shown strong interest in expanding their presence in the international market due to the potential for higher yields.

India is among the 'priority' markets for WhatsApp Business Messaging and Meta wants to provide users with a choice when it comes to payments. The company has therefore opened up access to payments via WhatsApp Business messaging, allowing customers to pay businesses on the app with the UPI option of their liking in addition to debit and credit cards, Nikila Srinivasan, global vice-president, Business Messaging at Meta told ET on Wednesday. Earlier in the day, Meta CEO Mark Zuckerberg said Meta was expanding the ways that people can pay for things within a chat thread.

Tata-owned Air India and Vistara have sought approval from their creditors for the merger of the two airlines. Creditors will vote on the proposal on September 23, according to a notice reviewed by ET. The merger plan has been approved by National Company Law Tribunal (NCLT) and Competition Commission of India (CCI).

Ripple has bought the Fortress Blockchain Technologies subsidiary for an undisclosed sum.Through its technology and licensing, Fortress Trust provides infrastructure to address the growing enterprise crypto market.

Sebi a case pertaining to certain discrepancies in the monthly ODI (offshore derivative instruments) reporting after paying Rs 26.44 lakh towards the settlement amount. The order came after Goldman Sachs, a registered Foreign Portfolio Investor (FPI) which deals in off-shore derivative instruments, proposed to settle the alleged violations by «neither admitting nor denying» under the settlement rules. «It is hereby ordered that any proceedings that may be initiated for the violations… are settled in respect of the applicant (Goldman Sachs (Singapore) Pte),» the Securities and Exchange Board of India (Sebi) said in a settlement order passed on Monday. In its order, the regulator observed that certain discrepancies in the monthly ODI reporting for the month of March 2022 were identified by the applicant. These were related to a mismatch of investment managers for multi-managed clients with respect to four ODI subscribers and updated details of investment managers or beneficial owners information of three ODI subscribers were not provided in the monthly ODI reporting. Through this, Goldman Sachs allegedly violated rules concerning operational guidelines for FPIs. Goldman Sachs submitted the correct and updated data to Sebi in its monthly reports for the period March 2022 to January 2023.

WhatsApp Flows empower businesses to create tailored and seamless interactions within chat conversations. For instance, banks can now enable customers to schedule appointments for opening new accounts, food delivery services can facilitate orders from partner restaurants, and airlines can streamline flight check-ins and seat selection – all without requiring users to leave the chat thread. Moreover, to further simplify in-chat transactions, Meta is expanding its payment capabilities.

China's economic slowdown has rippled through Asia. Tourists aren't flocking to Thai beaches or Singaporean malls in the numbers anticipated. Factories are struggling, and there are questions about whether Beijing can bankroll public works in the manner to which the neighborhood has become accustomed. One glaring omission from the list of spillovers: interest-rate cuts. Despite the country's heft, China's travails aren't translating into easing in its backyard.

Things are getting wheel-y serious in Victorian bus bigwig Ventura Group’s search for a new owner.