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    Business Wire India

    • Achiievers Equities Ltd brings 8 times delivery exposure for its investors
    • The company is offering 8 times exposure on the Cash and Share Balance for its investors from January 1, 2017

    Achiievers Equities Ltd, India’s one of the foremost financial services entity is all set to introduce the offer for its retail clients. For the first time in India any share brokerage is offering such exposure on cash as well as the share balance, which will be more than even VAR Margin. The 8 times of delivery exposure will be given against the cash & share balance (after 50% Hair-cut) and are applied only to the approved stocks of Exchanges (exposure on more than 800 stocks). With this offering a buyer can buy Rs. 8 Lac. worth shares, in delivery, by paying just Rs.1 Lac. only. For instance, one can buy shares of 100 Reliance Industries (Rs.1060/share) in just Rs. 13,250 ((100*1060)/8)). The company is hopeful and believes that with such great exposure, investors will be able to buy more number of shares and thus will give them way much better profitability on their share balance.

    The online discount share broking company Achiievers Equities Ltd is a trusted name in the financial market with their offerings in retail and institutional broking. The company also offers third party distributions such as Mutual Fund, IPOs and TAX Free Bonds etc. from their online trading platform www.achiieversequitiesltd.com. The company has been in news earlier for introducing its UNLIMITED DAILY trading plans at just Rs. 50 under its Zero Brokerage scheme.

    With this new extended exposure offering Achiievers is optimistic to have more participation from its retails investors since buyers will have more buying power with limited fund at a nominal interest rate. The investors need not worry for arranging funds to buy stocks with this extensive exposure and thus it is for sure an added advantage to the buyers.

    Achiievers, the online share broking company, strives for their investors to earn more profits and make their trading experience even better and convenient. Sure this mega delivery exposure will be a soothing experience for its buyer.

    About Achiievers Equities Ltd

    Achiievers Equities Ltd is a trusted name in the financial service industry and is one of the leading financial services conglomerates. The company offers complete financial solution and is customer centric, innovative and ever-changing to offer best solution to its clients. Achiievers believes in ‘Making Money Differently’ and thus always involves in bringing out unique way to present its client a better trading experience. The company is currently operating with 6 branches, 280 business partners and more than 20000+ clients throughout India. With its 300+ trading centers in pan India, Achiievers is headquartered at Kolkata, West Bengal. 

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    Business Wire India

    MetLife Hong Kong*, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer^, continued its winning streak at the BENCHMARK Wealth Management Awards this year by winning in eight categories, including both Brand of the Year and Best-in-Class Digital Marketing for the second consecutive year. MetLife Hong Kong has won 23 BENCHMARK awards since 2014.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170102005166/en/

     
    MetLife Hong Kong receives eight accolades at the BENCHMARK Wealth Management Awards 2016. (Photo: M ...

    MetLife Hong Kong receives eight accolades at the BENCHMARK Wealth Management Awards 2016. (Photo: MetLife Hong Kong)

    As one of the most esteemed industry awards in Hong Kong, the annual BENCHMARK Wealth Management Awards recognizes financial institutions for best practices in areas including corporate governance, customer experience, marketing effectiveness, use of technology, product development and innovation. In addition to these areas, BENCHMARK has recognized MetLife Hong Kong for its outstanding broker support.

     

    Mr. Lee Wood, Chief Executive Officer of MetLife Hong Kong, said, "Winning these accolades is a nod to our absolute focus on customers, the commitment to which has translated into a culture of top-notch innovation and customer centricity. The annual BENCHMARK Wealth Management Awards is one of the most prestigious awards in Hong Kong, and our consecutive years of success is a validation of the steps we are taking to achieve our core objective in Hong Kong – to become a leading insurer in the market. I am honored to be representing MetLife Hong Kong for this proud moment."

     

    Ms. Sunshine Farzan, Head of Marketing and Communications, added, "As back-to-back winners of Brand of the Year and Best-in-Class Digital Marketing and now Best-in-Class for Mobile Touchpoints for the Agency's WeTag, it's clear that the industry is recognizing our use of digital to drive innovation and an enhanced customer experience. Moreover, it's heartening to be listed as an Outstanding Achiever for Women's Employer and Best-in-Class Young People's Employer, both of which fully reflects our steadfast values of diversity and inclusion. BENCHMARK recognition is certainly an honor and an inspiration to continue striving for excellence."

     

    MetLife Hong Kong won the following awards at this year's ceremony:

     

    Corporate Award:

     

    • Brand of the Year  

       

    Best-in-Class Awards:

     

    • Digital Marketing

     

    • Mobile Touchpoints

     

    • Young People's Employer  

       

    Outstanding Achiever Awards:

     

    • Broker Support

     

    • Corporate Citizen

     

    • Customer Support Team  

     

    • Women's Employer

    About MetLife

     

    MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world#. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information about MetLife Hong Kong*, visit www.metlife.com.hk.

     
         
    ^   Based on 2015 written premiums. Source: Axco Global Statistics 2016.
    #   Based on non-banking assets according to A.M. Best research 2012 data, Best’s Review July 2014.
    *   MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited (collectively “MetLife Hong Kong”) are wholly-owned subsidiaries of MetLife, Inc. in Hong Kong and private companies limited by shares incorporated and registered under the applicable laws in Hong Kong. Both MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited are authorized insurers carrying long term business in Hong Kong.

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170102005166/en/

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    Business Wire IndiaAngel Broking, India’s top retail focused brokerage house’s Mutual Fund recommendations have outperformed the markets and is expected to finish the year with a big bang.
     
    Mutual Fund recommendations by ARQ, Angel Broking’s intelligent, predictive and Hi-tech automated investment engine, have beaten the benchmarks substantially in its first year of operations. The ARQ Large & Diversified Mutual Fund schemes have outperformed the benchmark 30-Share BSE Sensitive Index (Sensex) by little over 9%, and the ARQ ELSS Mutual Fund schemes has outperformed the same benchmark by nearly 7% for the November 2015 to November 2016 period. The ARQ Mid-and-Small Cap Mutual Fund schemes outperformed its benchmark (Nifty Mid-Cap 100 Index) by over 3% during the same period.

     
    Speaking on the feat, Mr. Vaibhav Agrawal, Head of Research and ARQ, Angel Broking said, “The outperformance of ARQ-recommended Mutual Fund schemes validates the superior capability of the Robo-Analytic engine developed by Angel Broking. We have invested a lot of capital and human effort in developing and perfecting the engine that offers winning recommendations consistently. The innovative features of ARQ help Angel Broking investors to ace stock investing by harnessing the power of investments like never before. The system suggests investment strategies, make recommendations and offer the highest possible returns to the investors. Angel Broking’s clients can avail of quality Mutual Fund recommendations on ARQ.”
     
    Retail investors, who are not comfortable with direct equity exposure, are strongly recommended to consider investing in Mutual Funds, which are investment vehicles made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. However, identifying winning Mutual Fund recommendations consistently from a large universe of funds is not easy. ARQ with its powerful research engine makes it easy for retail investors to find winning recommendations.
     
    The key feature of Angel Broking’s ARQ is intelligent profiling engine, forecasting and insight-driven recommendations. ARQ is powered by the combined strength of machine learning and cutting-edge cognitive technology. ARQ processes terra-flops of historical data on Mutual Fund Schemes and Stock Markets and recommends only the best investment strategy out of billions of possible combinations. The results are back tested by Angel Broking and the simulations have proven that ARQ performs exceptionally well in every market condition, consistently outperforming the benchmark by a significant margin.
     
    ARQ is technology driven back tested product which follows Noble Prize winning Modern Portfolio Theory and Quant based logic in providing investment recommendations that consistently beat the benchmarks. It recommends the suitable asset allocation mix that maximizes investor’s returns for his given level of risk. By using the algorithms based on this theory, the ARQ produces the most viable and profitable investment strategy and portfolio for investment. The high-tech automated investment engine enables retail investors to ace the stock market investing by harnessing the power of equities like never before.
     
    About Angel Broking
     
    Angel Broking Pvt. Ltd., is today one of the leading Indian stock broking houses, with a focus on retail business and a commitment to provide “real value for money” to its clients. The Angel Broking Group is a member of the BSE, NSE and the country’s two leading commodity exchanges, the NCDEX and MCX.
     
    Angel Broking provides a wide range of personalized wealth-management and investment services to its retail clients. These include Stock and Commodity Trading, Portfolio Advisory and Management Services, Investment Advisory Services, Distribution of Mutual Funds, IPOs, Personal Loans and Insurance, as well as E-broking & Depository services – all supported by intensive research and a six sigma-backed Quality Assurance program. Angel Broking Group provides its value-added services to over 9 lakh individual retail investors through its nationwide network of 132 branches, including 17 regional hubs 8400+ registered sub-brokers/business associates and an all India employee strength of 3500+. Angel Broking has one of the largest trading terminal bases (16,308 terminals) in the country, and the largest sub-broker network on the NSE, clocking one of the largest volumes in the industry. The company’s shareholders include International Finance Corporation (IFC), the private investment arm of the World Bank.

    Photo Caption: “Mutual Fund recommendations from ARQ, Angel Broking's Robo-Advisory engine, have outperformed the market benchmarks”

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    Business Wire India

    TA Associates, a leading global growth private equity firm, today announced promotions earned by four investment staff members in TA’s Boston, London and Mumbai offices, effective January 1, 2017.

     

    “These talented individuals earned their promotions through the quality of their character and, consistent with their roles, demonstrated investment judgment, creativity and work ethic to generate positive investment performance for TA’s investors, as well as other meaningful contributions to the firm,” said Brian J. Conway, Chairman and Managing Partner at TA Associates. “We are pleased to recognize their accomplishments thus far and look forward to their continued contributions to TA Associates.”

     

    Birker B. Bahnsen was promoted to Managing Director from Director. He is based in the London office of TA Associates (UK), LLP, focusing on investments in European healthcare and cross-sector Nordic companies. Mr. Bahnsen led TA’s investments in Amann Girrbach, Internationella Engleska Skolan (NDAQ: ENG), MIS Implants Technologies and PhysIOL, and was actively involved in TA’s investment in Cath Kidston. He currently serves on the Board of Directors of Amann Girrbach, Internationella Engelska Skolan and PhysIOL, and formerly served on the Board of MIS Implants Technologies. Prior to joining TA in 2009, Mr. Bahnsen was an Associate Director at HgCapital. He also worked in the GIR Healthcare team as an Associate at Goldman, Sachs & Co. Mr. Bahnsen received a BA and MEng degree in Manufacturing Engineering from the University of Cambridge and an MSc degree in Behavioral and Cognitive Science from the University of Oxford.

     

    Ethan K. Liebermann was promoted to Principal from Senior Vice President. He is based in TA’s Boston office, focusing on healthcare investments in North America. Mr. Liebermann led TA’s investment in MedRisk, co-sponsored TA’s investments in CCRM and SoftWriters, and was actively involved in eviCore healthcare (formerly MedSolutions). He currently serves on the Board of Directors of CCRM and MedRisk, and formerly served on the Board of SoftWriters. Prior to joining TA in 2007, Mr. Liebermann worked in the Global Healthcare Corporate and Investment Banking group at Banc of America Securities. Mr. Liebermann received a BA degree in Economics and Biology from the University of Pennsylvania and an MBA degree from the Harvard Business School.

     

    Aditya Sharma was promoted to Senior Vice President from Vice President. He is based in the Mumbai office of TA Associates Pvt. Ltd., focusing on investments in companies in India. Mr. Sharma advised on TA’s investments in Atria Convergence Technologies, Shilpa Medicare (NSE: SHILPAMED) and TCNS Clothing Company. Prior to joining TA in 2008, he worked in the Telecoms and Media Investment Banking Division at Lehman Brothers in London. Mr. Sharma received a BSc degree, with First Class Honors, in Economics from the London School of Economics and Political Science, and an MBA degree from The Wharton School of Business.

     

    Vivek Mohan was promoted to Vice President from Senior Associate. He is based in the Mumbai office of TA Associates Pvt. Ltd., focusing on investments in technology, financial services and consumer companies in India. Prior to joining TA in 2012, Mr. Mohan was an Associate in the Investment Banking Division at Morgan Stanley. He also worked at Macquarie Capital Advisers and Goldman Sachs. Mr. Mohan received a BE degree, with Honors, in Electrical & Electronics from the Birla Institute of Technology & Science, Pilani and an MBA degree from the Indian Institute of Management Calcutta where he was an Aditya Birla Scholar.

     

    About TA Associates
    TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 470 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the consumer, business services, financial services, healthcare and technology industries. More information about TA Associates can be found at www.ta.com.

     

     

     

     

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    Business Wire India

    • Empowers its 56000+ workforce using twin track capability building along with best in class partners for core banking specializations with new skills
    • Partners with globally renowned institutes such as INSEAD, CRISIL, INSOFE to build proficiencies in employees
       
    Axis Bank, India’s third largest private sector bank has launched its path breaking, first of its kind Academies with best in class partners to build proficiency for its 56,000 workforce. Axis Banks wants to nurture the traditional banking skills with a new age lens, calling it “Twin-Tracking”. This initiative aims at nurturing the skill-sets and encouraging its employees to self-identify and select areas of specialization that will enable them to become future-ready digital bankers. 
     
    The Bank has partnered with renowned institutes such as INSEAD, CRISIL, INSOFE to integrate the core banking skills such as credit & risk with the new age lens of digitization powered by data driven analytics. As part of this initiative, the bank along with these institutes has set-up:
     
    1. AXIS INSEAD Digital Leadership Academy
    2. Axis CRISIL Credit Academy
    3. Axis CRISIL Risk Academy
    4. Axis INSOFE Analytics Academy
    5. Axis Trade & Forex Academy

    Commenting on the launch of Axis Academies, Rajesh Dahiya, Executive Director, Axis Bank, said, “We believe that continuous learning is critical for the Bank to be taken to the next level. With rapid adoption of digitization across the ecosystem, it’s becoming imperative to review and redesign our decision making frameworks. Building strong digital capabilities through consistent learning process will act as a critical element in driving this reengineering and to stay relevant and agile. To fulfill the goal of digital India, our Academies will ensure that we nurture and create more digital bankers in the country.”

    Axis Bank in association with INSEAD, one of the world’s leading business schools, is setting up ‘AXIS INSEAD Digital Leadership Academy’, country’s first ever academy on Digital Leadership. The Academy will focus on building digital bankers in line with furthering the nation’s agenda of digitization.

    Commenting on the association, Jukka Majanen - Director, Corporate Partnerships (Executive Education), INSEAD said, “This is a groundbreaking Academy and we at INSEAD are very happy to be part of this exciting journey. Banking is going through a lot of disruption and as we have seen with industries in this situation, organizations have to be very proactive. Axis Bank is taking the lead by being proactive and becoming a leader.”

    The Bank has also partnered with CRISIL, India’s foremost provider of ratings, data and research and leaders in executive education in the areas of Credit and Risk in India to set-up Axis CRISIL Risk Academy and Axis CRISIL Credit Academy. Prasad Koparkar, Senior Director, CRISIL Research, said, “The Academies will provide employees with best in class content on a digital on the go platform. This will equip employees to take on cross functional assignments within the bank and build employability.”

    Additionally, to empower its employees to translate the data into actionable insights, the bank has partnered with INSOFE, India’s premier school of Data Science to introduce Axis INSOFE Academy for Analytics.

    Speaking on the occasion, Dr. Sree Rama K. Murthy, Senior Mentor and Principal Advisor – Curriculum Development, INSOFE said, “Data is very important in context of Banking. Every individual needs to have an analytical mindset. Most jobs in the future will be infused with analytics. Banking for the future will be driven by analytics. The one of a kind Axis INSOFE Academy of Analytics will offer blended programs that inspire the learners to integrate data sciences into their day to day functioning and become data driven bankers.”

    India is witnessing enormous change, especially in the wake of demonetization. The complexities necessitate reconfiguring organization decision and control frameworks. This requires acquiring new capabilities and learning continuously. Further, the world of work is changing and in the next decade, 60% skills which exist today will be redundant.

    Axis Bank has always believed that continuous learning is critical for people and the organization to grow. The bank has an internal learning portal that consists of a strong catalogue of over 1500 courses to nurture the skill-sets of its employees. The Bank’s recent partnership with Coursera supplemented the catalogue with content delivered by the best universities across the globe. Curated, contextualized classroom interventions for leaders at various levels also augmented the learning architecture.

    With the launch of Twin-Tracking Academies, Axis Bank aims at blending traditional banking skills with a new age lens alongside futuristic skills. The Academies are a step towards providing employees the ability to decide what specializations they would like to acquire at the pace of their choice. Twin tracking capabilities is the way of the future and the Academies will play a large role in driving that transformation across the Bank and industry-at-large.

    About Axis Bank

    Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

    With its 3,106 domestic branches (including extension counters) and 13,448 ATMs across the country, as on 30th September 2016, the network of Axis Bank spreads across 1,920 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

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    Business Wire IndiaWNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2017 third quarter financial and operating results at approximately 6:00 a.m. Eastern on Thursday, January 19, 2017.
     
    Following the release, WNS management will host a call on January 19, 2017 at 8:00 a.m. Eastern. Chief Executive Officer, Keshav Murugesh, Chief Financial Officer, Sanjay Puria and Chief Operating Officer, Ronald Gillette will review the results of the fiscal 2017 third quarter ended December 31, 2016 on the teleconference.
     
    To participate in the call, please use the following details: +1-888-656-9018; international dial-in +1-503-343-6030; participant passcode 47571119.
     
    A replay will be available for one week following the call at +1-855-859-2056; international dial-in +1-404-537-3406; passcode 47571119, as well as on the WNS website, www.wns.com, beginning two hours after the end of the call.
      
    About WNS
     
    WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of September 30, 2016, WNS had 31,719 professionals across 42 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, United Kingdom and the United States. For more information, visit www.wns.com.
     
    Safe Harbor Provision
     
    This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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    Business Wire India

    Four major Indian finance firms are strengthening their operations at DIFC, highlighting the Dubai financial free zone’s position as a natural platform for investment from the subcontinent.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170110005672/en/

     
    Dubai International Financial Centre (DIFC) Gate (Photo: ME NewsWire)

    Dubai International Financial Centre (DIFC) Gate (Photo: ME NewsWire)

    Kotak Mahindra Bank and Federal Bank are upgrading their representative office status to Category 1 License, giving them a full range of banking and professional services out of DIFC.

     

    HDFC Life and Axis Bank, the third largest of the private-sector banks in India, are also strengthening their operations.

     

    The move is further testimony to DIFC’s status as a global financial services hub, connecting Indian business to an US$7.8 trillion Middle East, Africa and South Asia (MEASA) region.

     

    DIFC is home to many of India’s leading banks and financial institutions. The financial hub, already home to 1,500 firms and 21,000+ professionals, is already viewed as a ready-made ecosystem of expertise and services. Arif Amiri, CEO at DIFC Authority, explains: “DIFC continues to be the natural platform for Indian banks and financial services firms looking to grow their international presence from an internationally regulated, English common law base and unparalleled connectivity into the fast growing but underserved MENA region.

     

    “Through investment, credit lines and liquidity support for the privatization, economic diversification and infrastructure developments in the region and also as a gateway for foreign direct investment back into the fast reforming Indian economy itself, there are enormous opportunities for Indian banks here in DIFC.”

     

    India is the UAE's second largest trading partner. According to Government of India figures, bilateral trade crossed the US$59 billion mark in FY 2014-15.

     

    Over 2.5 million Indians reside in the UAE - by far the largest expatriate group in the country - with over 40,000 Indian-owned firms thriving on UAE soil.

     

    DIFC is on track to achieve its target of hosting 100 Indian firms by 2024. It is currently home to many of India’s leading banks and financial institutions, including Axis Bank, ICICI Bank, IDBI Bank, Punjab National Bank, Union Bank of India, State Bank of India, Canara Bank, Aditya Birla Sun Life Asset Management, IL&FS Global Financial Services, IIFL Private Wealth Management and Kotak Mahindra Financial Services.

     

    Federal Bank’s enhanced operations in Dubai will help serve a fast-growing overseas client base estimated at over 800,000 while Kotak Mahindra Bank’s presence is expected to help raise off-shore deposits and offer asset products.

     

    Axis Bank sees significant elements of their business coming from the DIFC client base, while leading private sector life insurance firm HDFC Life became the first Indian reinsurer to set up operations within the financial district in 2016.

     

    *Source: ME NewsWire

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170110005672/en/

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    Business Wire India

    McCourt Global, the business arm of McCourt LP, today announced that Frank H. McCourt, Jr., Chairman and Chief Executive Officer of McCourt LP, and Mark Walter, a founder and the Chief Executive Officer of Guggenheim Partners, have launched McCourt Partners, a private investment platform with over $1 billion in permanent capital. The McCourt Partners investment platform represents an evolution of the successful joint venture by the same name launched in 2012 following the historic $2.2 billion sale of the Dodgers franchise by McCourt to an investment group led by Walter.

     

    Initially focused on real estate development, the joint venture made significant investments in flagship development projects in New York City, London, Miami, and Austin totaling more than 5.5 million square feet. Going forward, McCourt Partners will have an expanded mandate to invest in an array of sectors ranging from real estate to finance, and other private equity opportunities. Drew McCourt, President of McCourt Global, will lead McCourt Partners until a CEO has been named.

     

    “We are very pleased and excited to expand our relationship with Frank McCourt and his company,” said Mark Walter. “Having the opportunity to build a significant business with someone who shares my values and has similar philanthropic views and goals is something I value greatly.”

     

    “When I sold the Dodgers my first priority was finding an owner who would help the team achieve continued success and, if the team’s performance is any indication, Mark Walter has been a great choice,” said Frank McCourt. “I would say the exact same thing about deciding to launch this business venture with Mark – it was a great choice. Mark and I share the same core values and we’ve been fortunate to see quick success in the early years of our partnership. I anticipate great things ahead for McCourt Partners as we diversify our focus beyond real estate and create a significant presence in the global marketplace.”

     

    McCourt, who recently purchased the French football team Olympique de Marseille, is a fourth-generation business leader with family roots in real estate and construction dating back to 1893. He has achieved critical success over his 40-year career, with initiatives ranging from the development of Boston’s Seaport to large, mixed-used real estate development projects in the U.S. and abroad. McCourt’s other business interests include MGG Investment Group, Global Champions Tour, Conqur Endurance Group, and Skyware Technologies. He is also a philanthropist and passionate supporter of several academic, civic, and cultural institutions and initiatives including the McCourt School of Public Policy at Georgetown University; The Future Project, one of the fastest growing non-profits in America; and The Shed, an organization developing an innovative and architecturally significant arts and cultural center in the heart of New York City.

     

    Walter is a founder and the Chief Executive Officer of Guggenheim Partners, Chairman and controlling owner of the Los Angeles Dodgers and the Los Angeles Sparks, controlling owner of Delaware Life Insurance Company, owner of the White Oak Conservation Center and an investor in other businesses. He serves as a trustee or director of several organizations, including the Solomon R. Guggenheim Foundation, Northwestern University, The Field Museum of Natural History, Chicago Beyond, Inc., Get IN Chicago, the Los Angeles Dodgers Foundation, Guggenheim Partners, Ongava Game Reserve (Pty) Ltd. and others. Like McCourt, Walter is a philanthropist focusing his efforts in education, conservation, social justice, the urban attainment gap and other civic and cultural organizations.

     

    About McCourt LP

     

    McCourt LP is a family-owned enterprise focused on building long-term value through entrepreneurial, strategic, and philanthropic investments and partnerships. Under the leadership of Frank H. McCourt, Jr., over the last four decades, McCourt LP’s business initiatives have ranged from development of Boston’s Seaport and ownership of the Los Angeles Dodgers to major real estate development projects in New York City, London, Miami, and Austin and ownership of the iconic French football club, Olympique de Marseille. McCourt LP’s current portfolio, managed by its business arm, McCourt Global, includes operating companies and active investments in the areas of real estate investment and development, finance, sports, media, and communications. McCourt LP is based in New York City with offices in the United States, the United Kingdom, and France.

     

     

     

     

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    Business Wire India

    Madrona Venture Group, an early-stage venture capital firm, announced the appointment of S. “Soma” Somasegar to the role of Managing Director.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170112005263/en/

     
    S. Somasegar was appointed managing director at Madrona Venture Group. (Photo: Business Wire)

    S. Somasegar was appointed managing director at Madrona Venture Group. (Photo: Business Wire)

    Soma joined Madrona in November 2015 as a Venture Partner, following a more than twenty five year career at Microsoft leading the company’s Developer Division and responsible for the Visual Studio and .NET family of products that enable tens of millions of developers to build applications and services for client, server, mobile and cloud platforms. Soma was also responsible for Microsoft’s R&D labs in Boston, China, India and Israel.

     

    As a Venture Partner at Madrona, Soma became a powerful voice at the table on key investment areas including Machine Learning/Artificial Intelligence, Virtual Reality/Augmented Reality, next generation cloud infrastructure and intelligent applications. Soma led investments in Shyft and CloudCoreo, and he is also the Board Chair at Pixvana.

     

    Soma also led an initiative focused on machine learning and artificial intelligence, authoring several articles and hosting Madrona’s first annual conference on machine learning in Seattle attended by more than 150 members of the business, investing, and engineering community.

     

    “Madrona is in a unique position. We sit at the center of the cloud industry with Microsoft and Amazon at our front and back doors – and Google’s cloud team growing quickly,” commented S. Somasegar. “There is a tremendous amount of talent base here. The opportunity for entrepreneurs is immense and I’m looking forward to taking on a bigger role helping founders build and scale successful companies, which in turn will foster the vibrant and growing Pacific NW technology ecosystem.”

     

    As Cloud Native technologies and DevOps take hold, the technology industry is seeing a shift that puts developers at the center of technology innovation and value creation. Soma’s background and expertise in working with the developer community is invaluable to driving Madrona’s investment thesis, thought leadership, and strategic partnership with entrepreneurs.

     

    “Soma has had a huge impact in the year he has been on board with Madrona. His operating experience and technology expertise have been essential as he worked with portfolio companies at all stages to create product, business and management practices for sustainable growth,” commented Matt McIlwain, managing director, Madrona Venture Group. “As we continue to invest in and work with companies driving the emergence of machine learning and intelligent apps, Soma will be a crucial contributor to our region’s leadership in setting the technology agenda.”

     

    Over the last decade, Soma has been an active angel and seed investor, nurturing and supporting companies across the information technology landscape in the US as well as internationally. Some of his investments as an angel include Highspot, Buuteeq, Amperity, Discord, Indix, Sulekha.com, and Talentwise.

     

    Soma holds a master's degree in computer engineering from Louisiana State University and a bachelor's degree in electronics and communication engineering from Guindy Engineering College, Anna University in Chennai, India. Soma aso received an Honorary Doctorate from Anna University for accomplishments in the fields of Technology and Computer Science.

     

    About Madrona Venture Group

     

    Madrona (www.madrona.com) has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominately in seed and Series A rounds across the information technology spectrum, including consumer Internet, commercial software and services, digital media and advertising, networking and cloud computing, and mobile. Madrona manages approximately $1 billion and was an early investor in companies such as Amazon.com, Apptio, Rover.com, and Redfin.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20170112005263/en/

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    Business Wire IndiaRMSI, a global IT services company providing modeling & analytics, GIS and software services, recently launched the ‘First ever pay-per-use natural catastrophe (NatCat) risk management portal’ - PIER™ Online (Profiler for Insurance Exposure & Risk). With the launch of this product, RMSI brings its award winning PIER™ platform and NatCat (Natural Catastrophic) models to the General Insurance industry’s desktop with a very low entry ticket.
     
    PIER™ Online is India’s First Ever Pay-per-use risk management portal providing location level risk information for better underwriting and risk based exposure accumulation monitoring.
     
    Underwriting profits in the general insurance industry was non-existent for the first half of 2016-17 in part because of natural disasters, floods and the drought situation. Non-life insurers posted a combined loss of INR 7,554 crore in H1FY17 (PSUs incurred a whopping loss of INR 5,794 crores while the private players saw a loss of INR 1667 crores). Given the situation, the Government is very keen that the sector focuses on curbing these losses by adopting better risk management practices. And PIER™ Online is just the answer to that!
     
    Driven by the pressing industry need of having scientific modeling as a basis of every underwritten policy, PIER™ online provides the following risk management techniques:
     
    Location Risk Profile Report: For any location in India, provides the risk scores for all major perils (Earthquake, Flood, Cyclone), and estimated return period losses.
    Detailed Location Risk Assessment: Visualize the risk associated to any location through map overlays and queries with respect to detailed peril information.
    Exposure Accumulation Profile: Understand the overall riskiness of your portfolio by monitoring your exposure accumulation by peril and user defined zones across India in the form of maps and reports.
    NatCat Modeling Report: Run NatCat analysis of your portfolio for Earthquake, Flood & Cyclone and generate the key risk metrics consisting of return period losses, average annual loss and loss exceedance curves.
    Exposure Accumulation for LIVE Events: Understand your risk from a LIVE Natural Catastrophic event by monitoring your exposure accumulation in the event affected area.
     
    PIER™ Online is driven by some of the most sophisticated high resolution hazard models for Earthquake, Flood and Cyclone and unmatched historical hazard data for India compiled by RMSI over last two decades
     
    On the launch of the PIER™ Online, Mr. Anup Jindal CEO and Joint Managing Director at RMSI said, “With the increasing frequency and severity of natural disasters in India, the insurance industry has been realizing the need to adopt more robust risk management practices.  However, the industry faces a significant implementation challenge due to a gap in the availability of reliable location specific risk intelligence. PIER™ Online is a transformational risk management portal that will make location risk information accessible, affordable and implementable to every stakeholder of the insurance industry”.
     
    With the easy availability of risk information, the portal will support the Indian insurance industry’s endeavor of improving their risk management practices.
     
    About RMSI

    RMSI was founded in 1992, with a mission to provide innovative technology enabled solutions that integrate business domain expertise with the information, geospatial and remote sensing technologies.
     
    RMSI has nearly two decade of experience and is one of the few disaster consulting companies with experience of working with both developed and the least developed nations, including crisis affected nations. RMSI has worked extensively with insurers, reinsurers, state and federal governments and multilateral funding agencies that include: AIC, GIC, ICICI Lombard, HDFC Ergo, Reliance General Insurance, SBI General Insurance, the World Bank, IFC, UNDP, UNISDR, ADB and FAO amongst others.
     
    For more information on RMSI, please visit www.rmsi.com

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    Business Wire IndiaIndiabulls Housing Finance Ltd. (IBHFL) has entered into a strategic partnership with Paisabazaar.com, India’s leading online financial marketplace, to offer online home loans to consumers. With the partnership in place, customers will now be able to avail home loan offerings by IBHFL, through the Paisabazaar.com platform. The loan process would be completely digital – from application to disbursal - via e-KYC verification and self-attestation of documents, and does not require customers to visit the lender’s office.
     
    Both IBHFL and Paisabazaar.com are the first players within their industries to offer completely digital processes.
     
    Speaking on the partnership, Mr. Sachin Chaudhary, Executive Director, Indiabulls Housing Finance Ltd. Said “This association with Paisabazaar marks one of the first such tie-ups in the industry. What gladdens me even more about this tie-up is the fact that the biggest beneficiaries will eventually be our dear customers. Indiabulls Housing Finance having launched India's first completely online mortgage, will synergize the online home loan experience with the scale of Paisabazaar to eventually reach and service customers in the most convenient way possible.
     
    Home loan seekers can now get a wholesome experience which ranges from comparing home loan product offerings to actually completing the entire home loan process online.
     
     As early adopters of digitally revolutionary practices, it is imperative for organizations like ours to continuously explore newer options to better customer delight. I look forward to a healthy association with paisa bazaar and in the course evolve more such solutions to provide superior customer experiences.”
      
    Naveen Kukreja, CEO & Co-founder, Paisabazaar.com said, “Customers, today, are buying everything online - from pizza to phones to plane tickets. Even in financial services, the preference is fast shifting from branch services towards DIY digital platforms. Comparatively, the housing sector has been conservative and slow to adapt digitization. However, with IBHFL offering an end-to-end digitized home loan products, customers can now expect paperless and presence-less processes, something which we at Paisabazaar.com strongly believe in. We are immensely happy to tie up with IBHFL. Together, we aim to offer home buyers a never-before experience through a completely digitized home loan packages that will come with a speedy, convenient and transparent processes.
     
    Paisabazaar.com currently offers retail customers all types of lending and investment products including loans, credit cards, savings account, mutual funds and fixed deposits on its platform.
     
    About Indiabulls Housing Finance Limited
     
    Indiabulls Housing Finance Limited is India’s 2nd largest Housing Finance Company by profits and net worth in the private sector. At the end of the Dec 2016, IBHFL had a balance sheet size of Rs. 1,02,406 Cr. It provides quick, convenient and competitively priced home loans in the affordable housing segment. Indiabulls Home Loans can be availed for through multiple ways like state of the art branches across the country, seamless door step services and a completely online platform. IBHFL enjoys an AAA long-term credit rating.
     
    About PaisaBazaar.com
     
    Paisabazaar.com is India's largest online financial marketplace for investment and lending products. It currently offers all kinds of retail lending products such as personal loan, home loan, loan against property, auto loan, gold loan, education loan and credit cards. It also offers investment products, including mutual funds, savings account and fixed deposits on its platform.
     
    Since its inception in early 2014, the company has marked a staggering growth and now has over 10 million visitors coming to its website each year. Paisabazaar.com currently partners with more than 75 partners across lending and investment categories with 200+ products on offer.  On an annualized basis, it receives over 4 million enquiries and Rs. 3000 crore is disbursed through Paisabazaar’s marketplace platform. The company is targeting a 3X growth and aims to cross Rs. 5000 crore annualized disbursal run rate by the end of this financial year. It plans to touch annualized disbursal of Rs 25000 crore by 2020.
     
    The portal was conferred with Economic Times "Best BFSI Brand Award" earlier this year. Apart from this, Paisabazaar.com has been recognized as an “Emerging Brand” at the prestigious CMO Asia Awards, as well as by Indian Brand Convention.
     
    Paisabazaar is part of Policybazaar group, India's largest online insurance platform and is an InfoEdge (Naukri.com), Premji Invest, Tiger Global Management, Temasek, Steadview Capital, Ribbit Capital and Inventus Capital Investee Company. 

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    Business Wire India

    NOT FOR DISTRIBUTION IN THE UNITED STATES

     

    Vedanta Resources plc (“Vedanta”, LSE:VED) today announced the pricing of the offering of bonds in the aggregate principal amount of US$ 1.0billion of 6.375% Bonds due 2022 (the “Bonds”).

     

    Vedanta intends to use the net proceeds from this offering primarily to fund its offer to purchase for cash any and all of its outstanding US$ 750,000,000 9.50% Bonds due 2018 (“2018 Bonds”) and US$ 1,200,000,000 6.00% Bonds due 2019 (“2019 Bonds”), and to repay its other existing indebtedness. Vedanta has received and accepted for purchase approximately US$ 370,868,000 of the 2018 Bonds and US$ 425,028,000 of the 2019 Bonds (excluding US$ 227,000 of the 2018 Bonds and US$ 200,000 of the 2019 Bonds that remain subject to the guaranteed delivery procedures).

     

    With this transaction, Vedanta has proactively refinanced part of its 2018 and 2019 maturities and extended average debt maturity.

     

    Vedanta received strong investor interest for the tenders and these bonds, underlining the access that it has to the capital markets and diversified funding sources. This is the largest single-tranche G3 high yield bond issuance from Asia ex-Japan since 2015.

     

    Tom Albanese, Chief Executive Officer said, “This transaction is in line with our financial strategy to extend maturities, optimise the balance sheet, and create value for all stakeholders. We are pleased with the strong demand these bonds received, with support from all major markets.

     

    The Bonds are being offered and sold in a private offering to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (“Securities Act”), and outside the United States under Regulation S under the Securities Act. The offering is expected to close on 30 January 2017, subject to customary closing conditions.

     

    Barclays, Citigroup, J.P. Morgan and Standard Chartered Bank (all appearing in alphabetical order) are acting as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.

     

    The Bonds are expected, on the closing date, to be rated “B3” by Moody’s and “B+” by S&P. Vedanta intends to list the Bonds on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Admission of the Bonds to the official list of the SGX-ST is not to be taken as an indication of the merits of the offering, Vedanta or the Bonds.

     

    Stabilisation FCA/ICMA

     

    About Vedanta Resources plc

     

    Vedanta Resources plc (LSE: VED) is a globally diversified oil and gas, metals and mining and commercial power generation company. Vedanta Resources plc’s businesses are principally located in India with additional operations in Zambia, Australia, South Africa, Liberia and Namibia and over 70,000 employees worldwide. To learn more about Vedanta Resources plc, please visit its website at www.vedantaresources.com.

     

    Cautionary Statement Concerning Forward-Looking Statements:

     

    Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbour created thereby. Actual results may differ materially from these statements. The words “expect,” “anticipate,” “project,” “believe” and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the Company’s current complement of businesses, which is subject to change. For the Company, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause the Company’s actual future results to be materially different that those expressed in these forward-looking statements. Statements in this press release speak only as of the date of this press release, and the Company disclaims any responsibility to update or revise such statements.

     

    Disclaimers:

     

    This announcement is not for publication or distribution, directly or indirectly, in or into the United States. Securities have not been and will not be registered under the Securities Act, or any state securities laws of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that will contain detailed information about the Company and its management, as well as financial statements. Vedanta has no intent to register the securities in the United States or any other jurisdiction.

     

    This announcement is neither an offer to sell nor the solicitation of an offer to buy the Bonds and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

     

    A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation.

     

    The Bonds will only be offered to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.

     

    This announcement should not be considered as an advertisement, invitation, offer, sale or solicitation of an offer to subscribe for or purchase any securities, whether by way of private placement or to the public in India. The Bonds will not be offered or sold, and have not been offered or sold in India by means of any offering document or other document or material relating to the Bonds, directly or indirectly, to any person or to the public in India.

     

     

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    Business Wire India

    Wells Fargo & Company (NYSE:WFC) announced that Jafar Amin has been named the new regional president for its Asia Pacific (APAC) region, succeeding Jim Johnston who served as interim regional president. Amin is based in Hong Kong and reports to Richard Yorke, chief operating officer for Wells Fargo’s Wholesale Banking business.

     

    “We continue to grow our business in Asia by providing our corporate, commercial and financial institution customers with access to our U.S. and international products and services, industry-leading global financial institution network, and best-in-class technology,” said Yorke. “With his extensive industry and leadership experience, I am confident that Jafar will build upon this success as we continue to strengthen our capabilities and serve all our customers across this very important region.”

     

    As regional president, Amin will work with other Wells Fargo business leaders to serve commercial, corporate and financial institution customers across APAC. He will also represent the interests of Wells Fargo to regional regulators, government officials, central banks, and financial institutions in the Asia Pacific region.

     

    Wells Fargo currently has 1,600 Wholesale Banking team members in Asia Pacific to serve its corporate, commercial and financial institution customers doing business across the region. With branches in Beijing, Hong Kong, Seoul, Shanghai, Singapore, Taipei and Tokyo, representative offices in nine other cities, and other operating entities in China, Australia and New Zealand, Wells Fargo currently operates 12 lines of business throughout Asia Pacific.

     

    In addition to his role as regional president, Amin was also appointed head of Wells Fargo’s Global Financial Institutions (GFI) business in APAC, leading a team that manages relationships with financial institutions throughout the region. GFI provides relationship coverage to international financial institutions, supranationals, sovereigns and agencies through enterprise-wide product capabilities, including international payment and trade finance solutions. GFI operates on a global platform which focuses on local customer service, compliance and credit risk management.

     

    As head of GFI Asia, Amin succeeds Jim Ho, who was named head of Wells Fargo’s Greater China Business Development and Advisory team. Greater China, including mainland China, Hong Kong, and Taiwan, has become an important and evolving market for Wells Fargo and its Wholesale banking customers. Based in Philadelphia, Ho will lead efforts to strengthen and deepen relationships with customers and key stakeholders across the region.

     

    Amin relocated from London, where he most recently served as executive vice president and head of Global Financial Institutions (GFI) Europe. He managed teams in Frankfurt, London, Madrid, Milan, Paris, and the U.S. that were responsible for managing relationships with financial institutions in 26 European countries.

     

    Before joining Wells Fargo in 2012, Amin was with HSBC for more than 12 years where he held leadership and management positions across various functions, including Financial Institutions, Corporate and Commercial Banking, Public Sector, Global Human Resources, and Transaction Banking in Europe, Asia, and the Middle East. He holds a bachelor’s degree in political science from the University of Toronto. Amin is also a director of Wells Fargo International Banking Corporation and Wells Fargo International Finance, LLC.

     

    Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

     

    About Wells Fargo & Company

     

    Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

     

     

     

     

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    Business Wire India

    Pershing Square Holdings, Ltd. (ticker: PSH:NA) posted today its Annual Investor Update Presentation on its website, https://www.pershingsquareholdings.com/company-reports/letters-to-shareholders/. The presentation includes a performance review, an update of the fund’s portfolio and an organizational update.

     

    About Pershing Square Holdings, Ltd.

     

    Pershing Square Holdings, Ltd. (PSH:NA) is an investment holding company structured as a closed end fund that makes concentrated investments principally in North American companies.

     

     

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    Business Wire India

    HealthCare Royalty Partners ("HCR") announced several firm developments:

     

    New Chief Medical Officer:

     

    As of January 2017, Dr. Warren Cooper has assumed the role of Managing Director and Chief Medical Officer at HCR. Dr. Cooper initially joined the team in 2016, consulting as an Industry Advisor. Dr. Cooper is a UK-trained physician with over 35 years of experience in the global pharmaceutical industry. HCR’s senior professionals have known Dr. Cooper for over a decade, working closely with him when he served as CEO of Prism Pharmaceuticals (“Prism”), a portfolio company at their prior firm. Prism was a specialty pharmaceutical company that developed the antiarrhythmic agent NEXTERONE, and was ultimately acquired by Baxter International in 2011 for $338 million. Prior to serving as CEO of Prism, Dr. Cooper spent 12 years with Merck, initially as a UK clinical research physician, then as head of European and subsequently Worldwide Clinical Research Operations. Dr. Cooper also previously led AstraMerck’s (now AstraZeneca PLC) cardiovascular division. HCR looks forward to drawing on Dr. Cooper’s tremendous clinical, regulatory and operational experience as it evaluates new investment opportunities.

     

    Investment Professional Promotions:

     

    HCR has promoted John Urquhart to a Principal of the firm. Mr. Urquhart was among the first employees at HCR, joining the firm as an analyst in 2007 and re-joining in 2012 after receiving his M.B.A. from The Wharton School of the University of Pennsylvania. Mr. Urquhart has over a decade of healthcare investing experience in the royalty and structured finance market.

     

    HCR has also promoted Anthony Rapsomanikis to Vice President. Mr. Rapsomanikis joined HCR as an Associate in 2012, and was promoted to Director of West Coast Business Development after establishing the firm’s San Francisco office in 2015. The San Francisco office launched HCR’s strategic initiative to regionalize its business development efforts and better serve the needs of counterparties in key geographic areas.

     

    “John and Tony’s promotions are well deserved and serve as recognition of their growth and contributions to the firm over the past several years,” commented Clarke Futch, co-founder and Chairman of the Investment Committee at HCR.

     

    Regional Office Expansion:

     

    HCR is pleased to announce its plans to open a Boston, MA office in the first half of 2017, which will be led by John Urquhart. Mr. Urquhart will work closely with Clarke Futch, Paul Hadden (Managing Director – Business Development) and the rest of the senior investment team, most of whom will continue to be based in the firm’s headquarters in Stamford, CT.

     

    Paul Hadden commented, “The opening of our Boston office follows the success of HCR’s San Francisco office opening in 2015 and furthers our goal of strengthening local coverage and relationships in the key life science and R&D centers. Recent data shows that Boston and the San Francisco / Bay Area each garnered about one-third of all biotech venture capital investment in 2016 and it is important for us to continue to focus on these markets.”

     

    About HealthCare Royalty Partners

     

    HCR is a private investment firm that purchases royalties and uses debt-like structures to invest in commercial or near-commercial stage life science assets. HCR has $3.4 billion in cumulative capital commitments and is headquartered in Stamford, CT. Over the past decade, HCR's senior professionals have completed more than 60 healthcare investments. For more information, visit www.healthcareroyalty.com.

     

     

     

     

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    Business Wire India

    The sprawling estate and final home of Pablo Picasso in Mougins, France was sold for an undisclosed sum to Brunei financier Rayo Withanage. The Mayor of Mougins confirmed in an official press release the sale as reported by The Wall Street Journal.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170127005359/en/

     
    L'Antre du Minotaure in Mougins, France (Photo: Business Wire)

    L'Antre du Minotaure in Mougins, France (Photo: Business Wire)

    A resident of Bermuda and London, Mr. Withanage is the founder and chairman of Scepter Partners, a direct investment and merchant bank for sovereign investors. He is also a founder of The BMB Group alongside HH Prince Abdul Ali Yil Kabier of the Brunei Royal Family.

     

    The high profile estate L’Antre du Minotaure (the Den of The Minotaur) is widely regarded as one of the finest properties in the south of France.

     

    The property, which was recently lavishly refurbished under the direction of acclaimed architect Axel Vervoordt, covers over three hectares, with olive groves that are over 500 years old. The estate is the largest property of its kind in the area.

     

    Picasso kept one of his most prolific studios in the main house, while living there with his wife Jacqueline and her daughter Cathérine. The house and the gardens were designed personally by Picasso and retain original art and furniture. Upon his death the property housed over $1 billion in art.

     

    Prior to Picasso, the house was owned by the Guinness family and was famed for being a regular summer holiday home for Winston Churchill, who painted a number of works on the property. The origins of the house date back to an Abbey over a thousand years old and is presently adjacent to Notre-Dame-De-Vie which is one of the oldest churches in the region. The gardens are nationally acclaimed in France with some of the largest wisteria trees in Europe and a species of rose cultivated by Picasso himself that only grows on the property.

     

    Under the new ownership, the property will be commissioned for charitable purposes by local foundations and the promotion of the arts through events from which proceeds shall be donated to causes supporting sustainable development initiatives headquartered in Monaco.

     

    The property was most recently owned by Dutch real estate entrepreneur Tom Moeskops and BMB Alliance. The sale was part of a restructuring of the BMB Group which spun out its assets to form Scepter Partners, and was signed at the end of last year.

     

    About Rayo Withanage

     

    Rayo Withanage is the Founder & Executive Chairman of Scepter Partners. Trained as an M&A Lawyer with a masters from the London School of Economics, he spearheaded the development of the merchant banking and principal investment business of Scepter Partners which is a capital syndicate of family and sovereign investors. Scepter's senior management team spun out from the Blackstone Group under the leadership of Anthony Steains in 2015. Headquartered in Bermuda with offices in New York and Hong Kong, Scepter is supported by over $14 billion in discretionary assets and was founded to acquire large cap assets with a focus in natural resources, infrastructure, real estate and media and telecommunications. Mr. Withanage is of Sri Lankan and Portuguese decent. He was born in the Fiji Islands and grew up predominantly in Bermuda, New Zealand and Brunei.

     

     

     

     
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    http://www.businesswire.com/news/home/20170127005359/en/

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    Business Wire IndiaAs the Indian Finance Minister presents Budget Proposals on 01 February, there are two things I hope will get priority. First, India’s economy, post demonetization, needs to concentrate on housing – look at the past, any country that has come out of a depression or problems has been able to do so because of housing and infrastructure -- whether it was the United States of America and highways, roads and automobiles or even take the example of China, if the goal is to increase economic growth and GDP substantially, it can be done through housing.
     
    If the Indian Government can increase the growth in housing -- which is also an objective which the PM has been talking about – the result will be growth in employment, India will not need any external investment, the demand for housing exists in the marketplace, but to be able to meet the demand, we need to have the banking system in place - to fund and finance it. All said, housing and infrastructure could be the catalysts to ramp up economic growth.
     
    Secondly, my personal view is that the Prime Minister Mr. Narendra Modi has already ‘Trumped’ India - he has been talking about ‘Make in India’ from day one, Donald Trump has come up with Make in America recently. PM Modi said please have Indian companies make defence requirements of the nation, Mahindras have taken it up, other companies have taken it up. The Indian Prime Minister has been talking about make in India for the last two and a half years. If you combine infrastructure at the pace which we are seeing -- 30 kms of roads per day, housing to grow at 50 per cent compounded per annum, if we want to reach the target of Prime Minister Narendra Modi of ‘Housing for All by 2022’, effectively, 260 industries will pick up, jobs will come up. I look forward to this happening when the Indian Finance Minister presents Budget Proposals.

    Dr. Niranjan Hiranandani is Founder & MD, Hiranandani Group. His recent initiative is Hiranandani Communities. He is the Founder and First President (West), National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India. He has recently been conferred with ‘Doctor of Philosophy in Management’ for his thesis, ‘Housing Revolution in India Challenges and Prospects’. Over the years, Dr. Niranjan Hiranandani has been creating landmarks that set benchmarks, the ‘integrated township model’ of real estate development is his personal tribute to India’s real estate. He is a true visionary, and has been a pioneer in creating vibrant townships which have global standards.

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    Business Wire India

    • Consumer Business readies for Multi-Brand Telecom Distribution
    • Enterprise focus continues for growth and profitability with Services geared for robust traction
     
    Quarter Highlights
     
    • Overall Revenue of Rs. 765 Crore in Q3
    • Enterprise Business continues to grow with revenue of Rs. 490 Crore in Q3 (+5% YoY) on the back of strong order book growth
    • Progress made towards project completion and receivables in the System Integration (SI) business with a collection of Rs. 200 Crore from a major Defence Project
    • Consolidated Profit / (Loss) before Tax at Rs. (65.8) Cr in Q3
     
    HCL Infosystems, one of India’s premier IT Services, Distribution and Digital Solutions Company, today announced its financial results for the third quarter ended December 31, 2016.
     
    Mr. Premkumar Seshadri, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd., commenting on the results said, “The restrained market environment in the consumer business coupled with Partner transition impacted overall revenue & profitability. Our investments in the Enterprise Business have helped make this business a significant part of company revenues. Enterprise Services won over Rs. 100 Cr of TCV in the quarter. The SI focus on execution is sustained as more projects come to end of build phase.”
     
    Enterprise Business
     
    Domestic Business
     
    The Enterprise focused GTM witnessed positive traction and resulted in new wins, especially in the BFSI sector. The business continues to invest and build competencies including in emerging technologies to leverage for growth in a challenging market environment.
     
    Also the Enterprise Services business is poised for growth on account of a few positive developments. Ongoing Contract rationalization and productivity improvement initiatives in the business has been undertaken to enhance profitability. Again certain key wins in the quarter has combined into a total contract value which should contribute to revenue momentum in the business.
     
    Global Business
     
    The Global Business continued its growth in Q3, in terms of both revenue and profitability. The company expanded its global footprints during the quarter, venturing into Oman to deliver IoT and M2M services besides innovative digital offerings and e-Government solutions.
     
    Consumer Business
     
    Market environment and transition by the Principal impacted the revenue of the Consumer Distribution Business. The business recorded revenue of Rs. 221 crore, a drop of 50% Q-o-Q in revenues.
     
    System Integration (SI) & Solutions
     
    The SI & Solutions business, in its final phase of build in most projects stays focused on execution and collections. The business registered revenue of Rs. 59 Crore in Q3 FY2017 with orders worth Rs. 75 Crore executed during the quarter. The business collected Rs. 200 Crore in this quarter from one of its projects.
     
    About HCL Infosystems
     
    HCL Infosystems is one of India’s premier IT Services, Distribution and Digital Solutions Company, enabling organizations attain and sustain competitive advantage by leveraging Information and Communication Technologies. It offers a comprehensive portfolio of capabilities spanning IT & System Integration services, digitally-enabled learning to value-added distribution of technology, mobility and consumer products. For more information, please visit us at www.hclinfosystems.in; follow HCL Infosystems on Twitter at @HCLScribes
     
    About HCL
     
    Founded in 1976 as one of India's original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Today, the HCL enterprise has its presence across varied sectors that include technology, healthcare and talent management solutions. The organization, as a whole, comprises of four companies - HCL Infosystems, HCL Technologies, HCL Healthcare and HCL TalentCare. The enterprise generates annual revenue of over US$ 7 billion with more than 110,000 employees from 100 nationalities operating across 31 countries, including over 500 points of presence in India. For further information, visit www.hcl.com

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    Business Wire India

    Constitution Capital Partners (“CCP”), a leading private equity firm focused on North American small to mid-cap buyouts, announced the hiring of Daniel Clare as a Partner and head of the firm’s new office in New York.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170201005161/en/

     
     Daniel Clare (Photo: Business Wire)

    Daniel Clare (Photo: Business Wire)

    Mr. Clare brings over 20 years of industry experience, having most recently worked as a Managing Director at Ascribe Capital, formerly known as American Securities Opportunities Fund, which invests in the debt and equity securities of middle-market companies. Along with his private equity experience, Mr. Clare also served in the consulting and investment banking industries. Mr. Clare, who will focus on building out CCP’s newly established credit business, will have overall responsibility for the New York office and will report directly to Co-Managing Partners, Daniel M. Cahill and John J. Guinee.

     

    “Dan is a terrific addition to our team from both a business and a cultural standpoint,” said Daniel M. Cahill, Managing Partner of CCP. "We searched for and considered many other qualified candidates, but Dan inevitably set himself apart as the leader we need to expand our business offerings and enhance our relationships within the middle market.”

     

    John J. Guinee, Managing Partner of CCP, stated, “Along with his impressive background and successful investment experience, Dan’s quality of character and credibility within the industry make him an ideal fit for our firm. We welcome Dan to CCP and look forward to his future contributions to our existing portfolio and evaluation of new investments.”

     

    Commenting on his hiring, Daniel Clare stated, “I am thrilled to be joining the CCP team and am eager to begin implementing the firm’s strategy for the New York office. CCP has worked diligently to establish a top-tier reputation and I very much look forward to helping execute on strategic investment opportunities and to build upon the firm’s strong history.”

     

    CCP makes strategic investments in high quality, North American middle market buyout funds and makes direct investments across a variety of sectors in North American middle market companies. The firm currently manages approximately $2.7 billion of assets.

     

    Daniel Clare Biography
    Daniel Clare heads the Constitution Capital opportunistic credit team. Prior to joining Constitution Capital, Mr. Clare served as a Managing Director at Ascribe Capital, formerly known as American Securities Opportunities Fund, from 2010 to 2016. Previously, Mr. Clare served as a Senior Managing Director at Diamond Castle, a private equity firm focused on leveraged buyout and growth capital investments in middle market companies. Prior to Diamond Castle, Mr. Clare was an investment professional at CSFB Private Equity/DLJ Merchant Banking Partners. Mr. Clare began his professional career as a management consultant at Bain & Company and in the investment banking division at Goldman Sachs & Co.

     

    Mr. Clare received a BA in Political Science from Haverford College, magna cum laude and an MBA from Harvard Business School.

     

    About Constitution Capital Partners (CCP)
    Constitution Capital Partners, based in Boston, MA, is a private equity firm that focuses on North American small to mid-cap buyouts. CCP is a disciplined, value-oriented investor with a demonstrated track record of consistently generating top quartile returns. The firm is led by an experienced, cohesive team of investment professionals with significant experience investing in both partnerships and direct investments. For more information about Constitution Capital Partners, please see: www.concp.com.

     

     

     

     
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    Business Wire IndiaWiley India recently partook in the 7th India Investment Conference. The event was honored by the Taj Lands End, Mumbai on January 13, 2017. It was a joint effort of two decorated organizations − CFA Institute and CFA Society India. This forum presented a one-of-its-kind opportunity to study future investment forecasts. Under the leadership of Vikas Gupta, Wiley India made itself present in this event through their pavilion.

    Vikas Gupta believes that ‘content is king’. Well-furbished and easy to understand training material attracts a lot of attention from students. In this note, Wiley India under the leadership of Vikas Gupta showcased their CFA Exam review Courses and titles from their CFA Investment Series. These resources were widely acclaimed by the India Investment Conference delegates.

    Apart from Wiley India, the 7th India Investment Conference was attended by a host of professionals like chief investment officers, financial analysts, chartered financial experts, risk managers, research analysts, financial advisers, wealth managers, investment bankers, portfolio managers, and also market strategists. This conference addressed ‘alphas’, which in the market terminology refers to the risk ratio investors use to calculate returns and predict them. It’s an active return on an investment. Questions that were asked in the forum included ‘What resources generate the most alphas in different markets and asset groups?’ and ‘Beta risk factoring strategies are often disguised as ‘alpha’, how do you tell them apart?’ 

    Apart from the interesting keynote on generating alphas by the exploitation of market irregularity, the agenda of the event also included speeches on Asia’s development and asset distribution. It was established that Asia is gaining momentum in its asset management industry. Liberalization has deepened capital markets significantly and by 2025, Asian countries will be leading the world market in the forefront. The growth will not be easy, however. Meager deposit account rates and scarce pension savings imply the growing demand for asset management. The speech also illuminated the three main asset growth inducers for Asia, which are namely liberalization, financial deepening, and booming pension requirements. The behavioral finances speech gave the Wiley India team a fair idea of the relationship between irregular financial decision and the cognitive psychological theory. More subjects such as China’s economic challenges were discussed.

    Earlier, the 6th India Investment Conference in 2016 had a delegate attendance of more than 400 members and non-members. According to the report released by CFA Institute, 28% of the attendees were research analysts, followed by 13% of chief-level executives. 24% of the crowd had private asset base as compared to the 18% institutional asset bases. Additionally, only 39% of them were recorded to be on the buying side. The sponsorship program of India Investment was divided into three varieties. The highest being ‘Platinum Sponsor’ offered nine complimentary delegate passes and one working staff pass. ‘Gold Sponsor’ presented six complimentary passes while silver allowed only four.  
     
    About Wiley India

    Wiley India, best described by the Managing Director Vikas Gupta, is a wholly-owned subsidiary of John Wiley and Sons Inc. The publishing house is listed on the New York Stock Exchange with yearly revenue of $1.5 Billion. Wiley is a global leader in the publishing industry and it provides top-notch content and services to academicians, professionals, scientists, and the general consumer market. Wiley India is stationed at Delhi and its roots are spread all over India with regional offices in Mumbai and Bangalore. 

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