Indian consumers are placing a high priority on brands that offer a better value for money and consider ethical and sustainable efforts. As such, they prefer to purchase more from local brands than imported ones as they are deemed to be more aligned with consumers’ expectations. ‘Localism’ mindset Saptarshi Banerjee, senior...
BillionBricks, a climate-tech venture that combines clean energy and large-scale affordable housing, announced today it has closed a US$2.45 Million seed funding round which was led by investment from Thakral Corporation Ltd. Thakral Corporation joins ENGIE as cornerstone investors in BillionBricks. The Singaporean start-up was founded in 2013 as a...
The vast and rapidly growing market of India is opening up for electronic commerce and presents ample opportunities for SMEs in Hong Kong and in the region. As part of its T-box transformation programme, which helps SMEs improve their branding, e-commerce, manufacturing and supply chain solutions, the Hong Kong Trade...
The Indian government is determined to rev up the SME sector to achieve inclusive growth and self-reliance, as it contributes roughly 30 percent of India’s GDP, employs around 110 million people, accounts for nearly 40 percent of total exports, and more than half of them are based in rural...
DBS Foundation has launched a new grant for SMEs to kickstart their transition towards becoming more sustainable businesses. This is an extension of DBS Foundation’s ongoing support for SMEs, as it endeavours to foster the growth of businesses-for-impact, regardless of their stage of growth. Thus, the foundation has commenced its...
Kaer, a Global Cooling as a Service (CaaS) provider headquartered in Singapore, is expanding its operations in six major cities in India - Bengaluru, Gurugram, Noida, Chennai, Hyderabad and Mumbai – to tap into India’s high demand for centralised cooling, which accounts for about 57 percent of the country’s...
The direct impact of the Russia-Ukraine war on Indian business would be largely restricted to small entities with low ratings and would be manageable. The effect on credit will be more pronounced in a few sectors such as pharma and subsidy-linked industries like fertilisers, according to India Ratings. As for...
Singapore and India will cooperate in the areas of science, technology and innovation, following the recent signing of a memorandum of understanding (MoU) between the two countries during the India-Singapore Technology Summit 2022. The virtual summit which was co-organised by Singapore's Ministry of Trade and Industry (MTI), India's Department of...
India are accelerating talks with Taiwan on establishing an agreement that could bring chip manufacturing to the South Asia country along with trade deal that could reduce tariff on component for producing semiconductor by the end of this year. The chip plant is estimated to be worth US$7.5 billion and...
Economic activity next year in Malaysia and India, two of the countries most affected by Covid-19 outbreaks in recent months, is expected to recover faster than earlier forecast, latest surveys show. Malaysia’s growth outlook was upgraded by the most in the region -- 85 basis points to an expansion of...
Jungle Ventures raised $225 million in the first close of its fourth fund as the venture capital firm seeks to replicate its successes in startups across Southeast Asia and India. Many of its existing investors in previous funds backed the latest one, founding partner Amit Anand said in an interview....
India's economy rebounded at a record rate in the three months to the end of June even as a devastating second wave of Covid-19 hit the country. Looser pandemic curbs allowed for more economic activity compared to the country's first nationwide lockdown in 2020. Gross domestic product (GDP) grew by 20.1%...

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