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BHIM UPI goes international; QR code-based payments demonstrated at Singapore FinTech Festival
Business

BHIM UPI goes international; QR code-based payments demonstrated at Singapore FinTech Festival

This QR code-based system would allow anyone with a BHIM app to scan the SGQR at NETS terminals for payments in Singapore.

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin; to scrap global equities business
Business

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin; to scrap global equities business

Deutsche Bank had some 4,700 staff in Sydney, Tokyo, Hong Kong and Singapore, showed factsheets on its website.

Byju's buys US-based playful learning system Osmo for $120 mn, aims to expand tech-enabled personalised learning
Business

Byju's buys US-based playful learning system Osmo for $120 mn, aims to expand tech-enabled personalised learning

This new acquisition will bolster Byju's to innovate, explore and set new benchmarks for tech-enabled personalised learning solutions.

After record FDI in 2018, retail sector gears up for more mergers and acquisitions in new year
Business

After record FDI in 2018, retail sector gears up for more mergers and acquisitions in new year

With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, the retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals in the new year

Ola founders seek CCI nod for hiking stake in cab aggregator ANI Technologies
Business

Ola founders seek CCI nod for hiking stake in cab aggregator ANI Technologies

Ola, which competes against US-based Uber counts among its investors names like Softbank, Tiger Global, Tencent and Sequoia Capital, among others

Twitter unearths Beyoncé's Ivy Park articles on how they paid labourers 64 cents an hour in factories
Entertainment

Twitter unearths Beyoncé's Ivy Park articles on how they paid labourers 64 cents an hour in factories

Beyoncé's Ivy Park label was launched in collaboration with the British fast fashion company Topshop

Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet Ispat
Business

Aion Investments, JSW Steel to pay Rs 2,892 crore to pick 74.3% stake in Monnet Ispat

The bankrupt Monnet Ispat owes over Rs 11,000 crore to a clutch of lenders.

Tata Steel Europe-Thyssenkrupp merger to cut costs, consolidate European steel sector: Moody's
Business

Tata Steel Europe-Thyssenkrupp merger to cut costs, consolidate European steel sector: Moody's

While the Tata-Thyssenkrupp deal is potentially capable of delivering the largest synergies to the tune of 400-600 million euros initially, ArcelorMittal is aiming to make over 300 million euros from the Ilva deal

Singapore advises public to act with extreme caution while investing in cryptocurrencies
News & Analysis

Singapore advises public to act with extreme caution while investing in cryptocurrencies

Global bitcoin prices have soared around 20-fold this year, with the cryptocurrency trading above $18,000 on Tuesday.

Singapore to test blockchain technology for interbank transactions
News & Analysis

Singapore to test blockchain technology for interbank transactions

The effort is supported by the R3 blockchain research lab and BCS Information Systems.

Singapore's central bank says banks should maintain high level of IT security
Biztech

Singapore's central bank says banks should maintain high level of IT security

Singapore's central bank has said banks should maintain a high level of security for their critical IT systems following recent cyber attacks using the SWIFT financial messaging system.

Malaysia Airlines asked to enter defence in missing plane case
World

Malaysia Airlines asked to enter defence in missing plane case

Malaysia Airlines and four others were on Monday ordered to submit their statement of defence over the suit filed by two children of a passenger aboard the missing flight MH370.

Deal stream: Six deals worth Rs 27,153 crore closed in just seven days
Economy

Deal stream: Six deals worth Rs 27,153 crore closed in just seven days

The deal makers are expecting more such "frenzied" weeks and months ahead with domestic deals overshadowing both outbound and inbound deals due to the rising market sentiment.<br />

Explained: HDFC Bank merger with HDFC does not make great economic sense
Corporate

Explained: HDFC Bank merger with HDFC does not make great economic sense

Some of the hurdles for merging HDFC and its bank are gone with the relief given from CRR and SLR requirements. But an immediate merger wouldn't deliver benefits beyond size and valuations

Ranbaxy deal: Not quite made in heaven for Sun, but a path out of hell for Daiichi
Corporate

Ranbaxy deal: Not quite made in heaven for Sun, but a path out of hell for Daiichi

The Sun deal to buy Ranbaxy is a distress sale for its current owner Daiichi Sankyo. It wanted out as it couldn't handle its Indian acquisition well

Refarming: Telecom consolidation just got more expensive
Business

Refarming: Telecom consolidation just got more expensive

Any telecom company buying another will have to pay a market-determined price for the spectrum owned by the latter.

Bhushan PIL in SC calls for cancelling Cairn-Vedanta deal
Business

Bhushan PIL in SC calls for cancelling Cairn-Vedanta deal

The indefatigable Prashant Bhushan has filed yet another PIL to cancel the Cairn-Vedanta deal

Jet Lite, Jet Konnect to merge by May: official
Business

Jet Lite, Jet Konnect to merge by May: official

The company, which posted a loss of Rs 101 crore in the quarter ending December, says higher fuel prices and depreciating rupee would continue to be concerns.

Alignment Vs. Fusion Of IT And Business
Biztech

Alignment Vs. Fusion Of IT And Business

Alignment of IT with business is a thing of the past, believes Srinivas Kishan, VP, Enterprise Information Systems, Mahindra Satyam. The future is about their fusion. He highlights the fundamental difference between alignment and fusion. He also delves up