Morning business news round-up for May 21, 2014

SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.

1. Opportunities for Singapore companies to enhance ties with India. Mr S Iswaran, Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade and Industry, said these chances lie in India's industrial, infrastructure and skills development sectors.

2. CapitaLand's stake in CapitaMalls Asia rises to 81.3%. This follows CapitaLand's move to raise its offer from $2.22 per CapitaMalls Asia share to a final price of $2.35 apiece last Friday.

3.Sembcorp Marine secures $296m order to build jack-up rig. Jurong Shipyard, a subsidiary of Sembcorp Marine, will build the tailor-made rig for new customer Hercules North Sea and deliver it by the second quarter of 2016.