News
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion[BENGALURU] Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on...
Amazon says it will invest $35 billion in India by 2030 on AI, exports
Major US tech firms’ pledges in the country underscore its emergence as a hub for cloud, AI and deep-tech growthE-COMMERCE giant Amazon said on Wednesday (Dec 10) it will...
Olam Group says unit secures US$1.12 billion dual currency loan
OLAM Group said on Wednesday its unit olam food ingredients (ofi) had secured a multi-tranche dual currency term loan facility aggregating US$1.12 billion.The facility, consisting of two US dollar...
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
[BENGALURU] Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market, pressuring prices, ahead of a widely anticipated...
IndiGo crisis shows perils of India’s corporate dominance
The domination of the country’s two airlines is a far cry from a decade ago, when more than nine players shared the market[DELHI] Flight chaos triggered by India’s biggest...
World’s largest airline caterer Gategroup, co-owned by Temasek, said to ready for IPO
THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter...
Stocks to watch: Golden Agri, YZJ Maritime, Centurion Accommodation Reit, UltraGreen.ai, AHT, LMIRT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Dec 10): Golden-Agri Resources , YZJ Maritime , : The three counters were...
Tencent goes hands-on to reshape US$10 billion global games empire
[BEIJING] This year, Tencent Holdings’ gaming business scored record sales, defying an industry slowdown with international hits such as zombie horror Dying Light: The Beast.The sales bonanza, at a...
US bank regulator says banks can act as crypto intermediaries
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected[WASHINGTON] Banks will be allowed to act as intermediaries on...
SpaceX to pursue 2026 IPO raising far above US$30 billion
[SAN FRANCISCO] SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion, sources familiar with the matter...
