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Goldman Sachs Singapore acquired 65.5 lakh shares of Samvardhana Motherson at an average price of Rs 132.70 per share on March 25. Simultaneously, Kadesa Master Fund sold the same number of shares at the same price.
Paul Arni, former CEO of VP Bank, has joined WRISE Singapore as a non-executive director, effective immediately. He will guide the firm's corporate strategy, governance, and risk management, emphasizing the importance of robust governance in wealth management. WRISE Group is expanding its presence in Asia, having recently launched offices in Shenzhen and Dubai.
Goldman Sachs acquired 65.48 lakh shares of Samvardhana Motherson International for ₹87 crore through an open market transaction, purchasing at an average price of ₹132.7 per share. Concurrently, Kadensa Capital sold the same number of shares at the same price. Following the deal, the stock closed down 2.13% at ₹131.15.
Deutsche Bank has raised its price target on Charles Schwab to $108 from $105 while maintaining a Buy rating. The Charles Schwab Corporation focuses on brokerage and banking services, with 73.6% of net sales from individual investors and 26.4% from institutional investors. The company operates over 380 offices in the U.S. and has a presence in the UK, Puerto Rico, Hong Kong, and Singapore.
Singapore's ride-hailing industry faces a significant driver shortage, exacerbated by rising costs and diminishing incentives, leaving fewer drivers available during peak demand times. As tourism is set to increase, platforms like Grab and GoJek struggle to meet the growing need for rides, while drivers explore better employment options.
Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
Morgan Stanley's recent report highlights strong net new money in HSBC HOLDINGS' wealth management sector, with optimism for defensive banks in Hong Kong and Singapore. CEO Georges Elhedery noted that corporate investment banking (CIB) is crucial for non-interest income, despite potential growth risks from policy uncertainty.
Wrise Singapore has appointed Paul Arni, the former CEO of VP Bank, as a non-executive director on its board. With over 30 years of experience in private banking, Arni will concentrate on the firm's strategic direction, risk management, and governance. He previously held senior roles at Deutsche Bank, Julius Baer, and Credit Suisse.
American Express and Singapore Airlines have announced enhancements to their business card, introducing new exclusive benefits tailored for small and medium-sized enterprises (SMEs). This collaboration aims to provide added value and support for businesses looking to optimize their travel and financial management.
VP Bank remains optimistic about U.S. stocks, maintaining an overweight position despite upcoming tariffs set to take effect on April 2. Thomas Rupf, co-head for Singapore and Asia CIO, indicates that the firm does not anticipate a recession in the near term.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs acquires 65.5 lakh shares of Samvardhana Motherson in bulk deal
19:21 25.03.2025
former vp bank ceo joins wrise singapore as non-executive director
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18:01 25.03.2025
goldman sachs acquires 65 lakh shares of samvardhana motherson for 87 crore
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16:54 25.03.2025
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11:15 25.03.2025
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