SG Digest: MVL launches TADA taxi; Former minister invests in HydraX

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The TADA taxi app allows commuters to book rides from taxi drivers who have registered with MVL. The company claims around 2,000 taxi drivers have registered with it so far. 

TADA

Singapore’s Keppel confirms Ixom acquisition from Blackstone for $565m

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The deal puts Ixom’s enterprise value at A$1.1 billion ($799.5 million).

CIMB partners Ripple, UOB completes POC as remittances take centre stage

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CIMB is joining Ripple’s cross-border payments business network, RippleNet, and has deployed the latter’s blockchain-based technology to expand its inbound and outbound remittance network. 

Singapore’s Agritrade Resources to acquire SKS Power for $300m

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Agritrade will pay outstanding debt of SKS Power to SBI, L&T Infrastructure Finance Company and PTC (India) Financial Services.

French asset manager Natixis seeks to tap China market via acquisition

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Natixis’ plans come against the backdrop of a regulator-driven clean up of the fund management business in China.

South Korea’s food giant CJ buys US firm Schwan’s for $1.84b

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Schwan’s, owner of brands such as Red Baron, Freschetta, MaMa Rosa’s and Tony’s pizza, has an annual revenue of $3 billion.

Asean Digest: The FinLab launches in Thailand; Iflix partners Globe, Telkomsel

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The FinLab has launched its accelerator programme in Thailand while iflix has partnered telecom service providers in the Philippines and Indonesia.

China’s JD Group explores sale of HK insurance arm, seeks up to $2.5b

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Potential bidders are expected to include Hong Kong conglomerate Chow Tai Fook and Asian PE firm PAG.

India Digest: Tata mulls Vistara-Jet merger, ING eyes Kotak exit, Coffee Day rejigs ops

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Tata Group and Jet Airways are reportedly exploring a two-step transaction, beginning with Jet’s merger with Tata SIA Airlines, the Tatas-Singapore Airlines joint venture that operates Vistara.

UltraTech’s revised bid for Binani Cement gets NCLAT approval

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UltraTech’s revised proposal was an improvement from the Rs 7,200 crore offer it made just after the deadline for bidding ended.