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 Federation of Indian Chambers of Commerce & Industry (FICCI) and the Singapore Furniture Industries Council (SFIC) have formalised a Memorandum of Understanding (MoU) aimed at enhancing cooperation between the furniture industries of both nations.
This collaboration seeks to leverage shared resources, knowledge, and experiences to create fresh avenues for...
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...
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...
The market for initial public offerings in India is turning into a feeding frenzy.
The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though it’s only August. At the current pace, 2021 would exceed the all-time record...
Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, announced today that it is furthering its commitment to driving innovation by opening a Research and Development (R&D) Centre of Excellence in India.
Based in Bengaluru, the heart of India’s high-tech industry, Vonage’s expanding R&D team will focus on building...
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...
State Bank of India (SBI) has introduced 'SME Digital Business Loans,' promising an end-to-end sanction turnaround time of up to 45 minutes for SMEs.
This new loan offering leverages advanced technology and a network of APIs (application programming interfaces) to streamline the lending process. Using authentic data footprints from sources...
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%...
The government is looking at having a clear scorecard focused on high-quality investments and incentives to align with the National Investment Aspirations (NIA) and New Industrial Master Plan (NIMP).
According to the Ministry of Investment, Trade and Industry deputy minister, Liew Chin Tong, this effort requires collaboration with agencies including...
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....
Malaysian SMEs described the China International Supply Chain Expo (CISCE) as an eye-opening experience in terms of future market planning, as well as benefitting from finding space for their supply chain business.
Kinta Small and Medium Business Sustainability Association (KPKS) Perak president Ooi Kah Biew said the expo provided inspiration,...
