Search This undated photo shows a Gojek s driver-partner delivering a Tokopedia parcel in Jakarta. (Photo courtesy of Gojek) Gojek, Tokopedia Create GoTo in a Landmark Merger Deal BY :JAKARTA GLOBE MAY 17, 2021
Jakarta. Indonesian digital services company Gojek and Tokopedia have unveiled on Monday that they had agreed to combine the former s mobile on-demand services and payments platform and the latter s marketplace into GoTo Group, creating a new $18-billion entity that encompasses about two percent of the country s economic output.
Gojek and Tokopedia would continue operation as stand-alone brands under the GoTo ecosystem alongside a new brand of GoTo Financial, which comprises Gojek s payment system Gopay and other financial services offering.
Will Kasikornbank purchase Citibankâs retail business arm? 17:47 | 17/05/2021
Kasikornbank â Thailandâs second largest financial institution â is allegedly a potential bidder to purchase Citibankâs retail business arm to increase its foothold in the wealth management, consumer lending, and credit card sectors.
âKasikornbank is interested in the USÂ lenderâs business in Southeast Asiaâs second-biggest economy and will study the details as soon as the process is open. Citigroupâs retail business here has a very large and good customer base,â Kattiya Indaravijaya, CEO of the bank told
Bloomberg.
Acquisitions and regional expansion are key for Kasikornbank, said Indaravijaya, as it fends off rising competition from new entrants into the industry, especially financial technology firms. Any bid for Citiâs retail business assets would only happen if an acquisition creates synergy and adds value t
Infosys & Citi commit Rs 200 crore to Covid 19 efforts, others join too
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Infosys & Citi commit Rs 200 crore to Covid 19 efforts, others join too
Shilpa Phadnis / TNN / May 6, 2021, 12:36 IST
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BENGALURU: Help continues to pour in for India s Covid fight. Infosys has doubled its commitment to Rs 200 crore for Covid-related efforts. “Some of this will be directed to help set up and expand the capacity of Covid care hospital beds, augment the supply of oxygen concentrators and ventilators, as well as provide ration and support funds to migrant labourers and families impacted by the lockdowns,” wrote Infosys CEO Salil Parekh in an email to employees. Last year, Infosys had committed Rs 100 crore, including contribution towards the PM Cares fund.