Singapore

In a strategic move aimed at enhancing operational reliability, Air India has announced a temporary reduction in its narrow-body flight operations, impacting 118 weekly services across 19 routes and suspending operations on three routes entirely. The decision, which follows an earlier reduction of international wide-body services by 15%, will remain in effect until at least July 15, 2025.

Agoda, the Singapore-headquartered travel booking platform, is ramping up its India strategy, positioning the country as a cornerstone for future expansion. CEO Omri Morgenshtern revealed that Indian nationals currently form the second-largest employee base at Agoda, with plans to grow this presence significantly both within the country and abroad.

Myntra, a leading Indian fashion e-commerce platform and a Flipkart group company, has kicked off its international expansion with the launch of Myntra Global in Singapore. CEO Nandita Sinha underscored the platform’s long-term ambition to serve Indian diaspora communities globally while solidifying its presence in India. With Singapore’s 650,000-strong Indian diaspora as an initial focus, Myntra Global has already seen promising engagement, indicating robust market potential.

On Tuesday, promoters of PG Electroplast Ltd executed a significant divestment, offloading a combined 5.3 percent stake worth Rs. 1,132 crore via open market transactions. This move reduced the promoter group’s holding to 44.07 percent from 49.37 percent, reflecting a strategic liquidity event. Concurrently, institutional investors, including the Singapore government and Motilal Oswal Asset Management, increased their stakes, acquiring shares valued at Rs. 408 crore.

In a strategic move to broaden its global footprint, Indian fashion and lifestyle platform Myntra has officially launched operations in Singapore. The expansion aims to cater to the city-state’s sizeable Indian diaspora—estimated at 650,000—offering curated collections from over 100 Indian brands. With growing organic interest from Singapore-based users, Myntra Global introduces approximately 35,000 styles spanning fashion, homeware, and accessories.

Singapore-based telecom giant Singtel has divested a 1.2% stake in Bharti Airtel through a large block deal worth Rs. 13,221 crore ($1.54 billion), priced at Rs. 1,814 per share. The transaction reduces Singtel’s stake in the Indian telecom major from 29.5% to 28.3%, while still preserving its role as a key strategic investor. Although buyers remain undisclosed, the sale was executed above the floor price and includes a 60-day lock-up period. Bharti Airtel shares dipped following the announcement, though the stock remains among the top Nifty 50 performers of 2025.

Singapore’s sovereign wealth fund, GIC, is poised to acquire a 2.14% equity stake in Billionbrains Garage Ventures, the parent entity of Indian fintech unicorn Groww. The proposed transaction, filed with India’s Competition Commission (CCI), forms part of a larger capital infusion potentially aligned with Groww’s pre-IPO funding strategy. While the financial technology firm reported a net loss due to one-time tax expenses in FY24, its operational performance and revenue trajectory signal strong underlying growth.

Singapore Airlines Group posted a record net profit of SGD 2.78 billion for the fiscal year ended March 2025, largely driven by a one-time non-cash accounting gain of SGD 1.1 billion from the Air India-Vistara merger completed in November 2024. Holding a 25.1% stake in Tata Group’s Air India, Singapore Airlines now gains direct access to India’s rapidly expanding aviation sector.

Manali Petrochemicals Ltd (MPL), a subsidiary of AM International, Singapore, posted a consolidated profit after tax of Rs. 10.81 crore for Q4 FY25, marking a significant rise from Rs. 5.27 crore in the same period last year. For the full fiscal year, MPL’s net profit reached Rs. 29.31 crore, buoyed by improved cost controls, efficiency measures, and product diversification. Total consolidated income for the year stood at Rs. 921.63 crore.

As part of its ongoing efforts to meet the evolving needs of its Indian customer base, Singapore Airlines is set to launch a revamped dining experience for its premium passengers. Starting May 1, 2025, the airline will introduce upgraded versions of its Shahi Thali and Ruchi Thali meals, designed in collaboration with renowned chef Sanjeev Kapoor. These new menu options will be available on flights between India and Singapore, showcasing the airline's commitment to offering a unique and culturally rich dining experience for its passengers.