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India remains an important long-term market for Singapore's global investor Temasek Holdings, despite the near-term pressures, a top company official has said here. "While near-term equity volatility and energy-related pressures may persist, we are constructive on the country's structural growth outlook -- supported by its large consumer market, infrastructure development, and growing middle class," Temasek said in a briefing on its latest financial performance on Wednesday. The state investor said its focus is on capturing opportunities in sectors such as consumer, financial services, and healthcare, where underlying structural growth trends remain strong in India. "India has done very well for us, although the last year has been challenging because of exchange rate volatility," said Temasek Chief Executive Officer Dilhan Pillay Sandrasegara in a video address. More than 40 per cent of Temasek's portfolio is made up of Singapore-based companies, including DBS, Singtel and Singapor
US Secretary of War Pete Hegseth on Saturday credited President Donald Trump with helping broker peace between India and Pakistan, while describing India as a key partner in Washington's Indo-Pacific strategy and highlighting growing defence cooperation between the two countries. Speaking at the Shangri-La Dialogue in Singapore, Hegseth referred to the understanding reached between New Delhi and Islamabad after their military confrontation last year and praised Trump's role in easing tensions. "You saw that in the ability of the president to come together on brokering a peace between India and Pakistan, two nuclear capable countries," Hegseth said. Trump has repeatedly claimed that he helped secure peace between India and Pakistan following a four-day military conflict last year triggered by the terror attack in Jammu and Kashmir's Pahalgam that killed 26 people. India, however, has consistently maintained that the understanding was reached directly between the two countries and has
IT services firm Wipro has secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed USD 1 billion (about Rs 9,314 crore) in contract value. As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for USD 375 million (about Rs 3,494 crore). "Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million. "As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm," Wipro said in a regulatory filing on Monday. Mindsprint, founded in 2007 and headquartered in Singapore, employs over 3,200 professionals across Ind
The proceedings in the Zubeen Garg death case in Assam will not be impacted in any way by Singapore Police concluding its probe by maintaining that there is no evidence of foul play, officials said here on Thursday. Assam Police's investigation here has been "comprehensive" and the charge sheet filed before the local court in Guwahati has been based on it, they maintained. "The investigation, findings and closure by Singapore Police into the drowning of Zubeen Garg in that country in September last year will have no bearing and impact on the ongoing proceedings in the fast-track court here," state Advocate General Devajit Saikia told PTI. "The charge sheet filed in Guwahati is on the basis of allegations of offences and premises which are different from those of the probe conducted by the Singapore Police," he maintained. The probe in the state had taken a more comprehensive and larger picture into account, going back to the happenings over the last couple of years, Special Directo