Singtel, Singapore’s largest telecommunications company, confirmed on Thursday that it was in discussions with multiple parties over a potential stake sale in its Australian telecoms unit Optus, but said there was no certainty the talks would result in a deal. Optus has been owned by Singtel since 2001. The company did not say which parties it is speaking with. In May, Singtel said it was open to bringing in an Australian minority partner for Optus while reaffirming its commitment to the...
Total business reached ₹35,190 crore as on June 30, 2026, from ₹29,051 crore as on June 30, 2025, recording 21.13 % growth.
Service suspended following complaints of poor service
Nishant Kumar joins Boyoung Company delegation to inspect the Tatiguntapalli Industrial Park for the proposed project; says discussions with the company representatives look encouraging
In a written reply to the Rajya Sabha on Monday (July 27, 2026), Minister of State for Civil Aviation Murlidhar Mohol said the DGCA, as part of continued airworthiness, had directed Original Equipment Manufacturer (OEM) level testing of the fuel control switch locking mechanism in Seattle
Chinese toymaker Pop Mart International ramped up its global expansion on Wednesday by opening a new store on Singapore’s Sentosa Island – alongside its first overseas Pop Bakery dessert store in the same venue – with observers predicting that more overseas locations would help drive growth, especially those in underpenetrated markets. The launch comes amid softer domestic sales and normalising demand after a strong intellectual property (IP) cycle in 2025. Analysts said improved inventory...
HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong later this year, as the lender doubles down on expanding its Hong Kong and Asia operations, according to sources at the bank. A source told the South China Morning Post that an internal decision to relocate Taylor to Hong Kong had already been made, as part of a push to strengthen the presence of senior executives in Hong Kong – HSBC’s biggest market and its focus of...
Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another. The service, known as X Money, is not a new bank. X Money is using technology and banking services provided by Cross River Bank and branding that backbone as X Money. It is common for new financial companies to use a traditional bank’s backbone to launch their services, as chartering a new bank is a timely and costly process. Currently X Money is...
The German luxury automotive brand marked its transcontinental tour, which will touch 140 places across 23 countries and five continents, with celebrations across its Bengaluru campuses
The content was removed in error and has since been restored, says the U.S. tech giant
Nandita Sinha has been appointed as CEO — Instamart with effect from August 3, 2026, Swiggy informed in the filing
Louis Vuitton Moët Hennessy (LVMH) reported a 1 per cent organic growth in the second quarter at its core fashion and leather goods division on Monday, ending seven straight quarters of decline, opening a busy week of French luxury results on a positive note. Over the first half, organic sales at the fashion and leather goods division fell 1 per cent, an improvement on the 3 per cent decline in the second half of 2025 and the 7 per cent drop in the first, with the group noting a “rapid...
US regulator warns of Boeing 737 MAX seat safety concerns, calls for inspection of 453 US-registered jets.
The proposed settlement aims to close a years-long legal battle over claims its talcs products cause cancer.
Johnson & Johnson agrees to pay $5.5bn to settle nearly 70,000 US lawsuits over talc-based baby powder cancer claims.
Bengaluru-based lender targets to raise up to $2.5 billion via FCNR (B), overseas borrowings
The broiler companies continue to violate the government regulations, leading to the transportation and sale of chicken under unhygienic conditions, say the State Chicken Traders Federation
Welcoming the company’s CSR gesture, says such partnerships play a crucial role in strengthening welfare infrastructure and enriching the educational ambience for students from disadvantaged communities
Hong Kong’s Urban Renewal Authority (URA) received seven tender submissions for a major waterfront residential redevelopment project in Hung Hom, drawing bids from some of the city’s largest developers despite a subdued land market. The authority said on Monday that seven developers submitted tenders for the project before the noon deadline. A tender review panel under the URA board will assess the bids before making recommendations, with the board to decide on the successful...
The announcement comes as the fast fashion giant prepares for its stock market debut in Hong Kong.
The Dutch maker of Friso, a popular powdered infant formula brand, has stressed that tests show its product is safe, despite a recall of a product batch in Hong Kong and Macau after excessive levels of lead were found in samples. In a statement on Sunday, Royal FrieslandCampina said: “We have conducted additional third-party quality testing on the affected batch. The test results showed that the product complies with Hong Kong and Macau standards.” The company, meanwhile, stressed that “ensuring...
Narrowing profit margins due to higher raw material costs have dealt yet another major blow to China’s carmakers as they face shrinking market demand amid a rollback of purchase subsidies and tax incentives. The dire scenario could also dash Chinese consumers’ hopes for steep discounts, despite carmakers’ efforts to reduce their inventories, according to dealers and analysts. “The crux point is that most carmakers are facing squeezed margins and are unable to offer further price cuts to attract...
Collector M. Abhishikth Kishore said the three-day expo, the first in the city, would focus on MSMEs, and that the government was giving special attention to the Visakhapatnam Economic Region and the Bay City concept
What is the government proposing? How will it address conflict-of-interest concerns? How have airlines reacted?
What did the complaint allege? What were the watchdog’s findings? What are the implications?
The delay, filed in court on Friday, can cost Paramount $1.7bn in fees if the deal is not closed by next June.
Drivers resume services on Kerala Savari, Rapido and other mobility apps, but continue the offline strike against Uber
India’s Akasa Air and Malaysia’s AirBorneo are pressing ahead with expansion plans despite soaring jet fuel prices and disruption from the Middle East conflict, in a development that analysts say is a sign smaller Asian carriers are finding room to grow as larger airlines grapple with capacity constraints. Akasa Air, India’s youngest airline, said last week that it was seeking to raise 10.5 billion rupees (US$110 million) through equity and debt, including loans from state-run banks, to fund the...
Chinese battery giant Contemporary Amperex Technology Co Limited (CATL) slightly missed market estimates for second-quarter revenue and net profit, as China’s weakening demand for electric vehicles (EVs) outweighed benefits from the energy shock. The world’s largest battery maker reported a record 147.79 billion yuan (US$21.8 billion) in revenue and a record 22.5 billion yuan in net profit for the second quarter, up 56.92 per cent and 36.5 per cent year on year, respectively, according to an...
Chinese tech giant Tencent Holdings has fired a manager at its WeChat division after details of his multimillion-yuan bonus package leaked online, sparking animated discussion across social media. The employee, surnamed Ye, was dismissed for passing sensitive corporate information to external parties, which caused a “severe negative impact both inside and outside the company”, according to an internal company bulletin seen by three Tencent employees. Ye served as a project manager within...
The divorce, involving the chairman of one of South Korea's biggest companies, has gripped the nation.
A South Korean court on Friday ordered SK Group Chairman Chey Tae-won to pay his former wife Roh Soh-yeong 944 billion won (US$644 million) in a divorce-related property division case, lower than a previous 1.38 trillion won award that had drawn scrutiny of his stake in the group’s holding company. If finalised, the ruling from the Seoul High Court would be South Korea’s most expensive divorce ever. Chey is worth about US$5.6 billion, according to the Bloomberg Billionaires Index, with his...
Hong Kong flag carrier Cathay Pacific Airways will raise fuel surcharges by up to 41 per cent on most passenger flights from August, citing escalating tensions in the Middle East. The airline said on Friday that the higher passenger and cargo fuel surcharges would take effect on August 1, following a brief period of declines after prices peaked in April. “This is the first increase to passenger and cargo fuel surcharges since April, and levels remain below their peak in that month,” Cathay...
It said, “Adani Enterprises is not evaluating any proposal to enter the airline business.”
HSBC has agreed to sell its Singapore life and health insurance business to Germany’s Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to be completed in the first half of 2027, HSBC Group announced on Friday morning before the start of trading. The disposal is expected to generate a pre-tax gain of US$1.8 billion and boost HSBC’s common equity tier 1 ratio by up to 15 basis points, the bank said. As part of the deal, HSBC Singapore will enter a 15-year exclusive bancassurance...
It is a recipe for conflict of interest as well as squeezing other players; such a consolidation across the value chain not only kills competition but also results in fewer jobs, said an Air India official
In response, Tech Mahindra said it had connected with the employee and was reviewing the matter with urgency.
It will focus on making digital banking services more secure, efficient and customer-friendly through adoption of advanced technologies, says PNB Director and CEO Ashok Chandra
Why did Ford choose Chennai instead of Pune in the 1990s? This episode traces the story behind that landmark decision, how it transformed Tamil Nadu into an automobile powerhouse, why Ford exited India in 2021, and what its ongoing talks with the State government could mean for the future of the Maraimalai Nagar plant.
GGF Astraa Analytica Pvt. Ltd. seeks 100 acres for the project that focuses on strengthening the drone ecosystem through advanced research and manufacturing facilities
The fine is part of a major crackdown on Big Tech by Brussels which says it is seeking to ensure fair competition.
In early July, a Suzhou court ordered the Chinese tea chain Molly Tea to pay Louis Vuitton 10.3 million yuan (US$1.5 million) after ruling that its four-petal floral pattern infringed on the French luxury house’s registered trademarks. Many online users, angered by the eastern Chinese court’s ruling, shared images of similar motifs found in Tang dynasty (618–907) textiles, musical instruments, and Suzhou garden architecture, arguing that these precede Louis Vuitton’s founding in 1854 by...
Geely Auto, China’s second-largest carmaker, has struck a deal with Ford Motor to use the US company’s redundant capacity in Spain to build electric vehicles (EVs) amid its stepped-up push to expand globally. Multi-energy cars would be assembled at an idle factory in Almussafes, near Valencia, after the two companies set up a venture, with deliveries expected to begin in 2028, according to a statement by Geely on Thursday. The Chinese group would hold a 34 per cent stake, while Ford would...
Hong Kong Disneyland Resort has introduced a discounted afternoon ticket and expanded its cooling facilities to help minimise operational disruptions arising from hot weather and heavy rain over the summer. The theme park on Lantau Island on Thursday unveiled a “Summer Chill” 4pm entry ticket for Hong Kong residents, priced at HK$480 (US$61), allowing guests to enter later in the day to avoid the hottest hours or periods of heavy rain. The park said it had also stepped up weather adaptation...
The European Union on Thursday slapped Google with fines worth €890 million (US$1 billion) in a move that risks escalating tensions with the United States. The EU fined the US giant €460 million for illegally favouring the company’s own services – for example, Google Flights or Google Hotels – over rivals in search results. The second fine worth €430 million was because Google did not allow app developers to show consumers offers, free of charge, outside its Google Play store, the European...
Japan’s largest convenience store operator has issued a warning to its 7-Eleven franchisees nationwide that unauthorised resale of merchandise featuring popular anime and game characters may be rampant, multiple sources close to the matter said on Thursday. Some owners and employees have been caught setting aside merchandise before its release or buying up large quantities to sell on resale sites. Such activity is seen as a betrayal of consumer trust and likely to call into question the...
Labour unions are rallying across South Korea after Samsung Electronics caved in to protests and agreed to hand out bonuses of more than US$400,000 to some of its employees. Just this week, assembly-line workers at Hyundai Motor staged a three-day partial strike as they seek up to 30 per cent of consolidated profit to be set aside for bonuses. Meanwhile, unions at HD Hyundai Heavy Industries and telecoms operator LG Uplus want payouts equivalent to at least 30 per cent of operating profit, while...
The second edition of SHITIJ is being implemented through a nationwide network of seven hub institutes and their associated spoke institutes
The delegation, led by KKCCI president Sharanabasappa M. Pappa and honorary secretary Shivraj V. Inginshetty, said the two projects were crucial for accelerating industrialisation, attracting investments and generating large-scale employment in the Kalyana Karnataka region.
The suspension of Air India flights has caused major worries among more than 40,000 Indians living in Israel who wish to travel to India
Company CEO says logistics centres in Krasnodar and Nevinnomyssk evacuated days after workers killed in earlier attack.
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. BYD’s EV tech in the spotlight as it challenges Porsche’s 911 Chinese electric vehicle (EV) assembler BYD has set its sights on Porsche’s supercars with plans to sell its Denza-branded new models in developed markets, the latest sign of its increasing heft in designing and...
Fast-growing Chinese robot maker AgiBot is pursuing an initial public offering in Hong Kong and has hired Citic Securities as a sponsor, according to two people familiar with the matter. Additionally, China International Capital Corporation (CICC) and Morgan Stanley have also been tapped as joint sponsors, one of the people said. Shanghai-based AgiBot had shown signs that it was looking to list following its restructuring from a limited liability company to a joint-stock limited firm last year,...
Hong Kong flag carrier Cathay Pacific Airways expects its first-half net profit to jump by as much as 75 per cent to HK$6.5 billion (US$829 million) from HK$3.7 billion a year earlier, driven partly by growth in passenger and cargo traffic. The airline said on Wednesday that earnings were also boosted by a one-off gain of about HK$1.4 billion from the dilution of its interest in Air China following a share sale. It said it expected net profit to range between HK$6 billion and HK$6.5 billion in...
Report notes foundation's interaction with US sex offender Epstein on donor fund and grant, but rules out wrongdoing.
Minors were denied boarding during a return journey from Kochi to Italy via Doha. The family had to later obtain fresh travel documents and transport both children back to Italy separately, incurring additional expense
A delegation led by Ford’s vice-president, Matthew Godlewski, held discussions with the Chief Minister at the Secretariat inChennai on July 20, 2026
Logistics startup Bringgg aims to create a peer-to-peer logistics network that connects travellers, senders and seekers while helping reduce or offset travel costs
A federal judge in California on Monday ordered Paramount Skydance and Warner Bros Discovery to temporarily pause their merger while a case brought by multiple states challenging the deal moves forward. The companies are prohibited from closing their US$110 billion deal for 14 days until another hearing is held on August 3 regarding a preliminary injunction, which would prevent Paramount and Warner Bros from closing the transaction before a final decision is reached. The states raised “serious...
US court temporarily stops Paramount and Warner Bros merging after 12 states launched legal action.
Paramount risks $650m quarterly fees if merger delays extend beyond September, as per the merger agreement terms.
The company has agreed to pay five months’ gross salary, in addition to the full and final settlement amount paid to the employees earlier
The funding round was led by Norwest and Skegen Asset Management with participation from Indus Bridge Ventures, GJNX Ventures and noted investor Ashish Kacholia
The EU on Monday slapped a €550 million (US$630 million) fine on online retailer AliExpress for allowing the sale of illegal products, including unsafe toys and cosmetics. The European Union said AliExpress also did not do enough to stop the sale of counterfeit products and that when the platform detected illegal goods were on sale, many remained online for several weeks. The EU found some of the products sold on the platform did not meet the bloc’s strict environmental and safety standards...
The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.
The Narasu’s story began in 1926 with its founder, V. Lakshmi Narasimhan (fondly known as Narasu), introducing high-quality tea and coffee blends.
Ikea’s parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brand’s largest asset disposal since it entered the market nearly 30 years ago. Seven of the properties were Ikea stores that ceased their operations in February. The remaining one, a site in Guiyang in the southern province of Guizhou, shut down in 2022 and has been vacant ever since, according to disclosure from JLL last...
A China distributor for the global computer peripherals giant Logitech has been fined 200,000 yuan (US$30,000) for an insulting advertisement which likened consumers to dogs. According to a report by Beijing Daily, the market supervisory authority in Shanghai’s Jingan district imposed the penalty on Shanghai Baishide Electronics Company in late June for its advert for a Logitech mouse which used offensive language. The video ad was released on a leading short media platform on March 25. “You...
[The content of this article has been produced by our advertising partner.] Cyberport has launched the city’s first hub designed specifically for one-person companies (OPCs), offering entrepreneurs a combination of trust, compliance support and preferential access to essential services that are difficult to secure elsewhere. Announced on July 13 at the Web4.0 & Agentic AI Innovation Summit, the launch of the OPC Hub @ Cyberport addresses a critical gap for founders leveraging autonomous AI...
CPI(M) seeks ₹50 lakh compensation for kin of
Companies should send their representatives and experts to the district to study local requirements and demands while releasing the grant under the CSR fund, he says.
Though Air Kerala and Alhind Air were expected to begin operations last year, uncertainty has derailed their plans, exacerbated by geopolitical tensions and investment woes
Homeplus was once a retail haven for millions of South Korean families who shopped for groceries and household goods regularly at its cavernous hypermarkets. But that ritual over almost three decades ended this week when the company closed all its remaining 67 operating outlets nationwide after suspending 37 others earlier as part of its restructuring. The sudden closure of South Korea’s second-largest hypermarket chain reflects not only its financial distress, but also a decline of the shopping...
Hong Kong delivery company Lalamove and professional services firm EY have joined forces and jumped on the “low-altitude economy” bandwagon in the hopes of expanding their reach in the Greater Bay Area and transforming conventional business. The companies told the South China Morning Post that the collaboration would leverage Lalamove’s logistics platform and EY’s services in planning, business modelling, risk advisory, governance and tax and customs advisory. The initiative involves equipment...
Chinese electric vehicle maker Xpeng made its European ambitions clear on Thursday, as the firm unveiled its Mona L03 compact SUV at an event in the heart of Germany’s car industry, Munich. The launch, arguably the largest ever staged in Europe by a Chinese carmaker, was not just about introducing a new model, but also about convincing Europe that Xpeng is here to stay. “We are here not only to bring our products to Europe, but also to build them for Europe,” said He Xiaopeng, Xpeng’s chairman...
Donald Trump’s social media company has discussed charging Wall Street traders and investment firms as much as US$100,000 a month for faster access to the US president’s posts on his Truth Social platform, according to people familiar with the matter. Trump Media & Technology Group, which owns Truth Social, has in recent weeks also pitched a discounted plan of US$60,000 per month if the firms sign up for a three-year plan, the sources said, requesting anonymity as the discussions are...
The recall is the latest development in a series of reports of autonomous vehicles impeding emergency response efforts.
They say the labour codes introduced by the Union government do not provide effective penalties against companies that violate labour laws