Business News

Singapore based AI and HR technology company Pulsifi raises US$1.1 million in angel funding

Investors from Kelly Services, Cento Ventures, ProximaX and NEM.io Foundation helped Pulsifi to raise US$1.1 million.

Aug 3, 2018

By Bhaswati Guha Majumder

True or False: Apple becomes world's first trillion dollar company?

The news articles across the globe which claimed that the company has crossed the $1 trillion mark in market cap turned out to be wrong because of a technical fault with the app built into the iPhone

Aug 3, 2018

By Ashish Shukla

Jet Airways' pilots livid over 15% dip in salary, airline plans stake sale

The pilots of Jet Airways are said to be livid about the 15 percent pay cut and have blamed the management for the losses the airline has incurred. They said that the management must not unilaterally impose a salary cut and added that it was their inefficiency that caused the trouble.

Aug 3, 2018

By Vanilla Sharma

Tesla shares surge as investors embrace cash comments, Musk apology

In the previous quarter, Musk called questions posed by two analysts "boring" and "boneheaded", and refused to answer them.

Aug 3, 2018

By Reuters

Elon musk

Bangladesh sees stalled floating LNG terminal starting operations in days

That official said technical experts from International Finance Corp, an arm of the World Bank which lent to the $180 million project, were on site monitoring progress.

Aug 3, 2018

By Reuters

Instant View: Apple hits $1 trillion stock market valuation

Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday.

Aug 3, 2018

By Reuters

Banks, lessors serve default notices to debt-ridden Air India

The country's national carrier has failed to generate enough profits to cover the interest it has to pay on its whopping Rs. 466.69 billion debt.

Aug 2, 2018

By Ashish Shukla

Indian government mulls national e-commerce regulator; Amazon, Flipkart set to gain

The step will ensure consumer protection and compliance with foreign investment caps for the ever-growing e-commerce sector in the country.

Aug 2, 2018

By Ashish Shukla

A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018.

Grab raises $1 billion to expand in Indonesia, eyes more funds

The firm was valued at around $6 billion earlier this year when it bought Uber Technologies' [UBER.UL] regional operations.

Aug 2, 2018

By Reuters

Singapore’s Prime Minister Lee Hsien Loong and ASEAN foreign ministers pose for a group photo during the opening ceremony of the 51st ASEAN Foreign Ministers' Meeting in Singapore August 2, 2018.

Southeast Asia seek cybersecurity deal with Russia after series of hacks

Southeast Asian nations hope to strike a joint agreement on cyber security in coming days with Russia, accused by the United States of meddling in its elections, after a series of high-profile hacks in the region.

Aug 2, 2018

By Reuters

Force India co-owner, Vijay Mallya, talks outside Westminster Magistrates, in central London

Businessman turned conman: Vijay Mallya faces final extradition hearing after losing Force India F1 team

Vijay Mallya has lost control over Force India F1 team. What other assets has he lost so far? India loves to treat each story with a view to finding a moral in it. And Mallya's story has many spectacular morals. The plainest of them all is that if you do wrong you will suffer. The middle India loves to latch on to that belief.

Aug 2, 2018

By Jacob Nelly

Flipkart's loyalty program to launch on India's Independence Day

Flipkart Plus will launch on August 15, and unlike Amazon Prime, it will not be a subscription-based service. It will be tied to a shopper's frequency on the platform. The company is also adding third parties to the service.

Aug 2, 2018

By Srivats Venkat Lakshman

A Scoot Boeing 787-9 Dreamliner is displayed at the Singapore Airshow at Changi Exhibition Center February 16, 2016.

Singapore Airlines' budget arm Scoot to hike fares as fuel costs rise

Carriers around the world are attempting to raise fares to help recoup the rising cost of fuel, with the oil price up 40 percent to $73 a barrel over the last year.

Aug 2, 2018

By Reuters

DBS lowers bar for Singapore lenders with second-quarter profit miss

The Singapore-based lender trimmed its forecast for loan growth this year and said the benefits of higher business volumes were moderated by a drop in trading income during the second quarter.

Aug 2, 2018

By Reuters

U.S. Secretary of State Mike Pompeo testifies before a Senate Foreign Relations Committee hearing titled "An Update on American Diplomacy to Advance Our National Security Strategy" on Capitol Hill in Washington, DC, U.S., July 25, 2018.

Trump's overture to emerging Asia drowned out by trade war

Singapore's Prime Minister Lee Hsien Loong said earlier this year that a trade war would have a "big, negative impact" on the country.

Aug 2, 2018

By Reuters

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