India's Tech Mahindra beats quarterly revenue view on manufacturing strength
BENGALURU, Jan 16 : Indian software services provider Tech Mahindra reported bigger-than-expected third-quarter revenue on Friday, aided by growth in its communications and manufacturing segments.Revenue at India's fifth-largest IT firm rose 8.3 per cent to 143.93 billion rupees ($1.58 billion) ...
Secura Group awarded contract to provide manpower for enforcement services worth $21.2 mil
Nicole Lim - Secura Group has been awarded a contract with a total value of $21.2 million from a Singapore government agency to provide manpower to support enforcement services. The contract has an initial term of 36 months effective April 1 to March 31, 2029 with an option to extend for another two years. The g ...
India's Wipro beats third-quarter revenue view on communications segment strength
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes the communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
Wipro lags rivals with soft deal wins, weak fourth-quarter view
BENGALURU, Jan 16 : India's fourth-largest IT services firm Wipro forecast weaker-than-expected revenue growth for the current quarter on Friday after deal bookings fell to a six-quarter low in the December period, sending its U.S.-listed shares down as much as 7.2 per cent.The muted outlook ca ...
India's Wipro beats third-quarter revenue view
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes its communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
Fullerton Fund Management buys 330,300 shares in SATS, deemed interest increased to 40.01%
Nicole Lim - Fullerton Fund Management has increased its stake in SATS Ltd by purchasing 330,300 shares via market transaction on Jan 12. Fullerton paid $1,261,911.15 for the shares purchased, thereby increasing its deemed interest in SATS from 39.99% to 40.01%. Fullerton is an independently managed Temasek Hold ...
Global equity funds log strongest weekly inflows in 3-1/2 months
Jan 16 : Global equity funds witnessed the largest weekly net purchase in 15 weeks in the week to January 14, as investors pushed world stocks close to record highs, extending momentum from last year and brushing aside concerns over the global economy and geopolitics. Easing U.S. inflation pressure ...
Singapore stocks rise amid mixed Asian performance; STI up 0.3%
Jude Chan - Across the broader market, advancers beat decliners 307 to 261 after 1.4 billion shares worth S$1.5 billion change hands
Asean agrees on guidelines for quicker subsea cable fixes
Young Zhan Heng - They will update the existing 2019 guidelines with international best practices, while also harmonising repair protocols
China vows tighter market oversight as stock benchmark nears decade high
SHANGHAI: China's securities regulator vowed to step up market monitoring and crack down on excessive speculation, as the country's benchmark stock index hovered near a decade high with record turnover this week.The statement came after Chinese bourses said on Wednesday (Jan 14) that they ...
CGSI starts Tiong Woon at ‘add’ with TP of $1.23
Felicia Tan - CGS International analyst Natalie Ong has initiated “add” on Tiong Woon Corp, calling the construction counter an “undervalued laggard play”. “Tiong Woon Corp is trading at 2027 P/E of 6.7 times, a 45% discount to [its] regional peers despite its global ranking and strong record,” Ong wr ...
Rio Tinto-Glencore merger may need asset sales to win over China
China’s antitrust regulator is likely to be concerned about a combined entity’s concentration in copper production and marketing
Nigeria grants satellite permits to BeetleSat, Satelio and Amazon's Kuiper
ABUJA, Jan 16 : Nigeria has issued seven-year satellite permits to Amazon's Kuiper Systems, Israel's NSLComm's BeetleSat and Germany-based Satelio IoT Services, joining Elon Musk-owned SpaceX among operators cleared to expand space-based broadband, the telecoms regulator said on Thurs ...
Indra signs $1.1 billion deal to manage London transport ticketing and control systems
MADRID, Jan 16 : Spanish technology group Indra has won a contract from Transport for London (TfL) to run the ticketing and control systems across the city's public transit network in a deal worth up to 975 million euros ($1.1 billion), it said on Friday.The agreement to 2034 including options ...
Forward guidance: Why it matters and how to get it right
With clear communication on anticipated earnings and business strategies, listed companies can signal confidence and build credibility
China clamps down on high-speed traders, removing servers
The move shows that officials are focused on levelling the playing field for investors and ensuring market stability
Hyundai Motor Group to appoint former head of Tesla's humanoid robot program as adviser
SEOUL, Jan 16 : South Korea's Hyundai Motor Group said on Friday it plans to appoint Milan Kovac, the former head of Tesla's humanoid robot program, as an adviser as it seeks to bolster its competitiveness in robotics and artificial intelligence. The auto group also plans to nominate Kovac ...
‘People laughed at us’: Naysayers blew them off – then this underdog built Asia’s first cross-border wind farm
Goh Ruoxue - Impact Electrons Siam is now selling electricity to Vietnam. Next stop: Asean?
K-pop, Chinese games to drive Asia tech sector growth: Macquarie
Young Zhan Heng - Baidu, Tencent are among the research firm’s top 2026 Asian tech picks
Vietnam takes first leap into chip fabrication with Viettel-led fab
Jamille Tran - The new plant is expected to begin pilot production of semiconductors by end-2027
Italy investigates Microsoft's sales practices for 'Call of Duty' and 'Diablo' video games
MILAN, Jan 16 : Italy's competition watchdog on Friday announced investigations into Microsoft's Activision Blizzard unit over allegedly "misleading and aggressive" sales practices for video games "Diablo Immortal" and "Call of Duty Mobile".The watchdog, which ...
Italy probes Microsoft's unit over sale practices for 'Call of Duty' and 'Diablo' video games
MILAN, Jan 16 : Italy's competition authority on Friday said it had opened two investigations on Microsoft's Activision Blizzard unit over allegedly "misleading and aggressive" sale practices for video games "Diablo Immortal" and "Call of Duty Mobile".The regu ...
US lifts import ban on Malaysian palm oil firm FGV Holdings
The company had taken sufficient action to address allegations of forced labour
Exclusive-TikTok to tighten age checks in Europe as regulators ramp up pressure
STOCKHOLM, Jan 16 - TikTok will start rolling out new age-detection technology across Europe in the coming weeks, it told Reuters on Friday, as the ByteDance-owned platform faces regulatory pressure to better identify and remove accounts belonging to children under 13.The previously unreported syste ...
TikTok to tighten age checks in Europe as regulators ramp up pressure
STOCKHOLM: TikTok will start rolling out new age-detection technology across Europe in the coming weeks, it told Reuters on Friday (Jan 16), as the ByteDance-owned platform faces regulatory pressure to better identify and remove accounts belonging to children under 13.The previously unreported syste ...
Malaysia’s Genting Plantations pays 396 billion rupiah fine to Indonesia amid Jakarta’s land enforcement crackdown
Elisa Valenta - The development comes as Indonesia continues to tighten scrutiny of land use
Cartier owner Richemont’s sales boosted by high-end jewellery demand
Group also supported by improving China conditions as it sees 11 per cent quarterly sales increase.
Obesity is ballooning – and office life can make it worse
Low Youjin - Workplace routines can encourage unhealthy eating habits and sedentary behaviour
Morning Bid: How much more yen jawboning before intervention?
A look at the day ahead in European and global markets from Rae WeeMarkets were set to end the week on a high on Friday as the artificial intelligence trade regained momentum, but more crucially for investors, attention will be on the yen and whether Tokyo could soon step in to prop up its currency. ...
TSMC eyes smaller tech gap between US and Taiwan chipmaking fabs
The company is accelerating the buildout of its capacity in Arizona due to strong demand
BBC to strike content deal with YouTube, FT reports
Jan 16 : The BBC plans to produce programmes for YouTube for the first time, marking a major strategic shift as it seeks to recapture audiences moving to U.S. tech platforms, the Financial Times reported on Friday, citing several people close to the talks. The shows, created specifically for YouTube ...
Vietnam targets $5.5 billion in foreign loans for 2026 to boost infrastructure development
HANOI, Jan 16 : Vietnam plans to secure $5.5 billion in foreign loans in 2026 as it seeks to speed up the construction of large-scale national infrastructure projects and tackle persistent bottlenecks in the disbursement of development finance, its government said on Friday.Last month, the Southeast ...
China warns of ‘penalties’ against carmakers for price war
Other than slashing prices, some automakers have offered incentives such as interest-free loans to entice buyers
Beijing warns carmakers as price war escalates
Despite the regulatory warning, a new price war has broken out
