🇸🇬 KPMG Australia says no decision made on workforce after media report of 1,000 job cuts
🇸🇬 Details on the roles to be eliminated were shared with selected partners this week. Source: singapore-straitstimes Country: Singapore
Asia
Corporate earnings, M&A, IPOs, and business developments across Asian markets.
🇮🇳 Coca-Cola’s India value market share slips in June quarter
🇮🇳 Coca-Cola had introduced low-priced variants of its products as the Indian market faced stiff competition from Reliance’s Campa Cola Source: india-livemint Country: India
🇸🇬 Samsung Electronics wins US$200 billion Broadcom AI chip partnership, boosting foundry push
🇸🇬 Tie-up comes as global technology companies increasingly develop their own custom AI accelerators Source: singapore-businesstimes Country: Singapore
🇮🇳 Apple’s China chip gamble: Is it ready to bet on Pentagon-blacklisted CXMT and YMTC to win the AI race?
🇮🇳 The AI revolution has driven a surge in demand for memory chips, with companies like Apple seeking to secure supply from Chinese firms CXMT and YMTC despite their status on the Pentagon blacklist. Source: india-livemint Country: India
🇮🇳 Reliance Retail launches AJIO Beauty: Online omnichannel platform, quick delivery options — Here’s all we know
🇮🇳 Reliance Retail launches AJIO Beauty, a comprehensive platform for beauty and personal care with over 1,500 brands and quick online delivery option. Here’s all you need to know about the move… Source: india-livemint Country: India
🇸🇬 Tencent slides most in over a year, leading China gaming sell-off
🇸🇬 Tencent shares dropped 7.1 per cent, the biggest fall in over a year. Source: singapore-straitstimes Country: Singapore
🇮🇳 Who’s really making money from the AI boom? Follow the cash behind OpenAI, Nvidia & Big Tech
🇮🇳 The AI boom has triggered massive spending, with companies investing heavily in infrastructure, startups, and data centers. However, uncertainties persist regarding the flow of investments and the industry’s sustainability, particularly if major players like OpenAI were to fail. Source: india-livemint Country: India
🇸🇬 Boeing focusing on production, not new orders, at Farnborough Airshow
🇸🇬 ‘Demand is not our issue,’ says the CEO of its commercial airlines unit Source: singapore-businesstimes Country: Singapore