Borr Drilling Limited has signed an agreement with an unrelated third party to divest the Gyme jack-up drilling rig for $120 million. According to the Bermuda-based drilling contractor, the Gyme drilling rig is a 2018 PPL Pacific Class 400, which is currently in Singapore. The Gyme rig is yet to be activated and hasn’t been […]
Cariflex, a manufacturer of polyisoprene rubber latex for medical end markets, has started construction on a $350m polyisoprene latex plant in Jurong Island, Singapore. According to Cariflex, the polyisoprene latex factory in Singapore will play an important role in its manufacturing supply versatility for catering to its customers in Southeast Asia. To be built on […]
Indian IT giant Infosys revealed plans to recruit 300 workers over the next three years in Singapore across a range of roles. For supporting the ongoing programs of the government of Singapore to generate job opportunities for freshers as well as mid-career professionals, Infosys said that it has collaborated with Infocomm Media Development Authority of […]
Aurionpro Solutions said that it has signed a deal to take full ownership of Singapore-based IT system integrator SC Soft by acquiring the remaining 49% stake for INR 38 crores ($4.99 million). The Mumbai-based technology products and solutions provider has increased its stake in SC Soft to 90% with a commitment to acquire the remaining […]
Cyient, an Indian technology solutions company, has agreed to acquire Grit Consulting, a Singapore-based performance improvement design consultancy, in a deal worth up to $37 million. Grit Consulting is engaged in offering consultation for asset-intensive industries such as utilities, metal mining, and energy. According to Cyient, the acquisition will help its customers across sectors to […]
Tata Consultancy Services (TCS) said that the Singapore Exchange (SGX) has selected its TCS BaNCS solution to power the NSE IFSC-SGX Connect (Gift Connect), the latter’s program to connect to NSE IFSC, a wholly-owned subsidiary of the National Stock Exchange of India (NSE), for trade execution and clearing of Nifty products on behalf of its […]
Tata Consultancy Services (TCS) said that it has been selected as the official solutions partner for World Wide Fund for Nature Singapore’s (WWF-Singapore) AR-mazing Tiger Trail, a gamified exhibition aimed at bringing in awareness and action on tiger conservation and sustainability. The AR-mazing Tiger Trail of WWF-Singapore, which will be opened till 9 April, has […]
Strides Pharma Science Limited said that its Singapore-based stepdown fully-owned subsidiary — Strides Pharma Global Pte. Limited has secured approval for Colchicine Tablets USP, 0.6 mg from the US Food & Drug Administration (USFDA). Colchicine Tablets USP, 0.6 mg is bioequivalent and therapeutically equivalent to Colcrys Tablets, 0.6 mg, of Takeda Pharmaceuticals U.S.A. Colchicine tablets […]
Bharti Airtel (Airtel) said that it has acquired an undisclosed stake in blockchain technology startup Aqilliz under the Airtel Startup Accelerator Program. The financial terms of the deal were not disclosed. Based in Singapore, Aqilliz is a Blockchain as a Service company, which has developed a hybrid blockchain platform called Atom. The hybrid blockchain platform […]
Bharti Airtel has joined the SEA-ME-WE-6 undersea cable consortium to ramp up its high speed global network capacity to cater to India’s digital economy. The 19,200km SEA-ME-WE-6 undersea cable is planned to connect Singapore and France. Airtel is taking part as a major investor in the undersea cable project and has a 20% stake in […]