Thomas Cook to offer special Sentosa packs to Singapore, signs deal

Travel services company Thomas Cook said it  will offer special deals to customers to Sentosa, an island resort in Singapore, following the signing of a three-year strategic agreement with Sentosa Development Corporation Sentosa Development Corporation (SDC) is a statutory board in Singapore, under the purview of the Ministry of Trade and Industry. Established in 1972, […]

GIC buys stake in Provenance’s Four Seasons project in Worli

GIC, Singapore’s sovereign wealth fund, is acquiring a “significant minority stake” in Provenance Land, said the developer that partners with Canada’s Four Seasons Hotels to run the Four Seasons Hotel in Mumbai. The investment will be in an entity that owns the property on which the hotel operates, another under-construction Four Seasons branded apartment complex […]

K Raheja Corp, GIC buys Siemens building in Worli for Rs 610 cr

Capital equipment maker Siemens today said it has transferred its lease for its Worli building to a joint venture K. Raheja Corp Group and GIC, Singapore for a consideration of Rs 610 cr. The deal was originally announced in December and is one of the biggest land deals in India in recent times. The property, […]

Govt considers banning cash transactions of 3 lakh and above

The government is considering the recommendation of Special Investigation Team (SIT) on black money to ban cash transactions above Rs 3 lakh, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi today. “The SIT recommendations are under consideration. As far as the Income Tax Department is concerned, we have put […]

Singtel buys stake in Bharti Airtel from Temasek

Singtel today entered into conditional share purchase agreements with Singapore’s sovereign investment firm Temasek to acquire 7.39% of Bharti Telecom — the holding company of Bharti Airtel — and 21% of Intouch Holdings — which holds stake in Thailands’ biggest mobile operator — for a total consideration of S$2.47 billion. Intouch is the biggest shareholder […]