Investor rush for India exposure revs up block deals, IPOs

Investor rush for India exposure revs up block deals, IPOs

[NEW DELHI] India’s market for share sales is warming up after several dull months, as companies and shareholders cash in on a buoyant stock market. The South Asian nation saw US$6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg. Block trades worth US$5…

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Air India Crash: London-Bound Flight with 242 Onboard Crashes Moments after Takeoff from Ahmedabad after Captain Sent Mayday Call [WATCH]

Air India Crash: London-Bound Flight with 242 Onboard Crashes Moments after Takeoff from Ahmedabad after Captain Sent Mayday Call [WATCH]

An Air India flight heading to London Gatwick with 242 passengers and crew members on board crashed shortly after taking off from Ahmedabad Airport in Gujarat, a state in northwestern India. Air India Flight 171—a Boeing 787 Dreamliner—plummeted back to the ground in the Meghani area of Ahmedabad just minutes after takeoff. Chilling photos and…

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MAS orders unlicensed crypto exchanges to weigh exit

MAS orders unlicensed crypto exchanges to weigh exit

[SINGAPORE] A final warning from the Monetary Authority of Singapore (MAS) has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit. Bitget and Bybit – top-10 exchange operators by volume with a presence in Singapore but no local licence – plan to reorganise their teams, according to…

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MAS order prompts unlicensed crypto exchanges to plan exit 

MAS orders unlicensed crypto exchanges to weigh exit

[SINGAPORE] A final warning from the Monetary Authority of Singapore (MAS) has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit. Bitget and Bybit – top-10 exchange operators by volume with a presence in Singapore but no local licence – plan to reorganise their teams, according to…

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Tencent said to study deal for US$15 billion game developer Nexon

Tencent said to study deal for US billion game developer Nexon

[BEIJING] Tencent Holdings is studying a potential deal for Nexon, as the Chinese Internet giant looks for ways to bolster its lucrative gaming operations, people with knowledge of the matter said. Shenzhen-based Tencent has reached out to the family of Nexon’s late founder Kim Jung-ju to discuss the possibility of an acquisition, the people said,…

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Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources

Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources

[HONG KONG] Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people familiar with the matter. Singapore-based Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August, the people…

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SGX securities turnover rises 1% in May, volume down 18%

SGX securities turnover rises 1% in May, volume down 18%

[SINGAPORE] The total securities market turnover value on the Singapore Exchange (SGX) edged up 1 per cent year on year to S$26.9 billion, supported by institutional hedging activity and continued demand for safe-haven and dividend-yielding stocks. The securities daily average value rose 6 per cent on year to about S$1.3 billion. May’s total market turnover…

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