Singapore and India – strengthening historic bonds
The recent spike in engineering exports to Singapore, is just proof that the two nations have continued strengthening age old ties through the pandemic.
Quick Heal invests in Singapore start-up
The investment is a part of Quick Heal’s efforts to support start-ups dealing with disruptive technologies. Antivirus software maker Quick Heal Technologies infused $263,222 in Singapore based wireless technology start-up Ray Pte Ltd. This investment is a part of Quick Heal’s effort to support innovative start-ups dealing with disruptive technologies. The Pune-based company stated in an official release that the investment reinforces a shared vision of ensuring a safe, secure, and seamless digital experience for users. Kailash Katkar, Managing Director, [...]
Lendingkart secures over $42mn in Series D funding
The fintech start-up has raised more than $139 million in equity capital from investors till date. Fintech digital lender Lendingkart Technologies raised $42.44 million as part of its Series D round led by existing investors Singapore based Fullerton Financial Holdings Pte, Moscow based Sistema Asia Fund, Bertelsmann India Investments and IndiaQuotient. The company will use the funds to expand its lending base and further reach out to small and under-served small enterprises. The Ahmedabad based fintech start-up has raised more [...]
GroCurv secures seed funds from Unicorn Investments
The new investment will help GroCurv go deeper into industries. Technology-powered marketing and sales services procurement start-up GroCurv raised an undisclosed amount of seed funding from Singapore’s early-stage venture capital firm Unicorn Investments. The freshly raised capital will help the Gurugram-based firm go deeper into industries like healthcare, education, clothing, manufacturing, skill development and personal care. Venkatesh Rangachari, Co-founder, GroCurv, said: “We will leverage the investments to further accelerate our product and technology development and expand our client base through [...]
A platform to unleash AI innovation
A fintech expert delves into the impact of Artificial Intelligence on the financial services sector. We are all experiencing the tremendous change that technology is bringing in, in our day to day to lives. The pace of change was not like this even in the last decade and probably will be way more accelerated in the next decade. Even at the beginning of this decade most banks and financial services avoided anything open source and vendor viability was one of [...]
What makes Singapore a hub for Indian investments
A Singapore-based legal professional throws up the prospect of an India-UK-Singapore investment dynamic within a wider Commonwealth landscape. The connection between India and Singapore feels, to some extent, effortless. Singapore derives its very name from Sanskrit: “Simha”, meaning Lion, and “Pura”, meaning city, and that sets the context for its very important relationship with India. Nearly 10 per cent of the population of Singapore citizens and permanent residents are ethnically Indian and people of Indian and Sri Lankan origin were [...]
New territories, new gateways
The Netherlands, Singapore and Mauritius have emerged as leading destinations for outbound Indian FDI. The attractions are benign tax laws, ease of doing business, easy access to international markets and robust regulatory frameworks. The two top destinations for outward foreign direct investments (FDI) from India are Mauritius and Singapore. Three more tax havens – Jersey, Switzerland and British Virgin Islands – also figure in the list of Top 10 outward destinations. These jurisdictions are obviously bases from which the investments [...]
Indian financial services companies find green pastures abroad
Indian banks and investment banks are investing in global financial centres such as London, New York, Singapore and Dubai to better serve the growing and very lucrative market for cross-border deals involving Indian companies. Here’s a quiz question: Which Indian bank has the largest presence outside India? The answer is not as easy and straightforward as it looks. The top spot is claimed by two banks – Bank of Baroda, which has 51 branches in foreign countries, and State Bank [...]
Designing an intricate growth strategy for the future
The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off. The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture. Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and [...]
India in pursuit of an Ocean of opportunities
Organised by the Delhi-based think-tank India Foundation in Singapore, the Indian Ocean Conference of September 2016 sought to locate India in the midst of the ocean that bears its name. ‘India Global Business’ presents a report from the scene.
India’s relationship with the Indian Ocean is political, cultural and economic, historical and contemporary. Its essence can be captured by the following statistics: of all of India’s international trade, 90 per cent by volume and 70 per cent by value moves across the ocean.