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    Business Wire India

    Burford Capital (“Burford”), a leading global finance firm focused on law, announced the results of its 2017 Litigation Finance Survey of lawyers and financial professionals at law firms and companies in the US, UK and Australia. The independent research builds on prior surveys commissioned by Burford to study third-party funding of commercial litigation and arbitration.

     

    Burford’s 2017 Litigation Finance Survey shows that litigation finance continues to achieve dramatic growth and now is an accepted reality of the legal landscape:

     
    • Use of litigation finance in the US grew by 28% from last year, to 36%, and has grown 414% since 2013.
    • Among respondents in the US, UK and Australia, a majority of users (59%) say their use of litigation finance has increased in the last two years.
    • A strong majority (72%) of all respondents agree that litigation finance is a growing and increasingly important area of the business of law—and, notably, 40% of US companies report having foregone claims due to the cost of litigation.
    • Pointing to continued growth on the horizon, among all respondents whose organizations have not yet used litigation finance, a majority of law firm respondents (57%) and nearly half of in-house respondents (49%) are likely to consider its use in the next two years.
    • Some early concerns about litigation finance have evaporated. For example, in the US, the number of in-house respondents with concerns about litigation finance leading to unnecessary litigation fell to 10% from 81% five years ago. Among all respondents, ethical concerns rank dead last among obstacles to use, at 9%.
    • Only 7% of all respondents are unfamiliar with litigation finance, and only 4% of law firm respondents.

    Christopher Bogart, Burford’s CEO, commented: “Burford’s latest research affirms our own experience: More and more often, clients and law firms are turning to litigation finance as a solution to some of the intractable challenges and pressures of managing legal cost and risk, and that strong demand is driving dramatic growth.”

     

    Burford’s 2017 Litigation Finance Survey was conducted by ALM Intelligence, the research arm of ALM Media, publisher of The American Lawyer, from May 17 to June 16, 2017. The full report is available online.

     

    About Burford Capital

     

    Burford Capital is a leading global finance and investment management firm focused on law. Its businesses include litigation finance and risk management, asset recovery, and a wide range of legal finance and advisory activities. Burford is publicly traded on the London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London and Chicago. For more information about Burford: www.burfordcapital.com

     

     

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    Business Wire India

    The creators of the Smartlands platform for the tokenization of agricultural assets, based on the blockchain solution and the Agriculture 3.0 concept, announce the ICO of the project.

     

    Smartlands platform founders came out with innovative technology for the agricultural market. The goal of the platform is to create a new class of low-risk tokens, secured by real, highly profitable assets in the agricultural sector.

     

    To date, asset-backed tokens (ABT) are used in various industries (real estate, finance, etc.), but the agricultural market, especially horticulture, has a significant investment potential, as it provides opportunities in the market with high margins and low risks. By definition ABTs are backed by assets which minimizes risks, but ABTs issued within Smartlands will also provide expected returns identical to investment in equity.

     

    The land and the trees are long-term assets, and their price is subject to minor fluctuations in the short term. At the same time, Smartlands makes the most of high-tech and IT solutions, achieving maximum efficiency and transparency.

     

    "Our platform creates common and understandable rules for safe, honest, transparent and accountable investment attraction. In fact, we want to bring benefits of an IPO, currently available only to large businesses, to medium and small businesses," - says Dmitriy Ruzhickiy, Head of strategy and business development.

     

    As proof of concept, the Platform will launch the first project, which will be implemented on the real assets of the project team. It will be an industrial walnut garden of five thousand trees on 50 hectares area. The project was audited by Deloitte and the USPA.

     

    Smartlands creates an ecosystem of agrotechnological companies, the partners of the Platform, which in the future can be supplemented by the business accelerator.

     

    Development of Smartlands blockchain platform started in late 2016. The goal of the project is to open agricultural markets to the crypto-investors and contribute to the sustainable development of the agro-industrial complex throughout the world. The work is led by an international group of experts in the fields of finance, agriculture, and blockchain. The pilot project of the platform is the walnut garden.

     

    For more information and full technical and market review please visit: http://smartlands.io

     

     

     

     

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    Business Wire India

    RIMES Technologies, the leading provider of managed data services and RegTech solutions for the buy-side, has  launched an innovative new solution: RIMES RegFocus® BMR Control. The cloud-based service will help asset managers, banks and insurance companies comply with the EU’s landmark Benchmarks Regulation (BMR) coming into force on 1st January 2018 without the high cost and operational disruption associated with in-house upgrades to compliance systems and processes.

     

    Under BMR, which aims to introduce a common framework and consistent approach to benchmark regulation across the EU, Benchmark Users are defined as supervised entities that use indices as benchmarks, and issue financial instruments or contracts that references an index. Under the Regulation, these firms are required to understand which of the indices they use constitute a benchmark, and whether they can use these benchmarks in the EU. Additionally, they must have a substitute benchmark ready in case any benchmarks they currently use are withdrawn as a result of the Regulation.

     

    RegFocus BMR Control provides Benchmark Users with a simple-to-use cloud service to meet their new compliance obligations under BMR. Through an advanced, feature-rich inventory management system, Benchmark Users can gain an immediate understanding of the universe of indices and benchmarks used at their firm, and benefit from immediate alerts to any areas in which they are at risk of non-compliance. Most importantly, RegFocus BMR helps benchmark users address the essential question: am I a Benchmark Administrator, a Contributor or a User, and for which benchmarks? The new service also includes comprehensive data enrichment capabilities, enabling firms to augment the key attributes of one or a set of benchmarks.

     

    RegFocus BMR Control provides further levels of control through its advanced and highly-intuitive user interface. Firms using the service can rest assured that every benchmark they use is properly registered and administered under BMR. Additionally, RegFocus BMR Control draws on RIMES’ library of millions of benchmarks to provide users with instant access to substitute benchmarks.

     

    Bruno Piers de Raveschoot, COO of RIMES Regulatory Division, commented: “BMR represents a significant step-up on the compliance obligations for the buy-side, and many will struggle to achieve compliance in time if they go down the traditional, in-house route. RegFocus BMR Control offers a compelling alternative: immediate compliance control at the low cost-points associated with the cloud. Our technology integrates seamlessly with the systems of Benchmark Users to provide a real value add: a system that delivers a comprehensive benchmarks inventory, proactively alerts firms about non-compliance, and enriches benchmarks data. I’ve heard from some clients that without such technology it is literally impossible to comply with the BMR.”

     

    #ends#

     

    About RIMES

     

    RIMES is a buy-side specialist that truly understands the data management and compliance challenges faced by its clients. It serves over 300 investment managers, pension funds, hedge funds, wealth managers, private banks, custodian banks and insurance companies in 40 countries including 60 of the 100 largest global asset managers and 9 of the 10 largest custodians by TAUM.

     

     

     

     

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    Business Wire India

    Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and Go West, a consortium of leading global trading firms collaborating to create efficient access to global financial markets, will offer ultra-low latency wireless connectivity between markets in Chicago and Tokyo. When the Go West service is launched in the fourth quarter of 2017, ICE’s Secure Financial Transaction Infrastructure (SFTI®) wireless networks will offer the most extensive ultra-low latency network connectivity solutions among the New York, Chicago, Toronto and Tokyo metro areas.

     

    “We’re excited to add Go West’s key Chicago to Tokyo route to our growing range of connectivity options,” said Jonathan Reeve, Global Head of Connectivity and Consolidated Feeds at ICE Data Services. “As the demand for data capacity, speed and security increases, Go West extends our network’s geographical reach and offers a new alternative for customers that require ultra-low latency connectivity between North American and Asian markets.”

     

    The Go West network was created by a consortium of several of the world’s leading trading firms to generate efficient access to global financial markets by offering the lowest latency route between Chicago and Tokyo. The network utilizes a system of wireless towers, fiber-optic lines and submarine cables to connect Chicago and Tokyo. The agreement with Go West will add one new wireless network to ICE’s ultra-low latency connectivity services, including the SFTI Wireless New Jersey metro network, powered by Anova, and the Atrium wireless network, which ICE acquired in May 2017, offering one of the lowest latency networks between the New Jersey, Chicago and Toronto metro areas.

     

    SFTI Wireless is part of ICE Data Services’ connectivity service, which offers highly secure, low latency networks, global colocation, and the SFTI Direct Market Access network of over 150 venues and 600 market data and news feeds. ICE Data Services also provides access to 450 normalized real-time market data feeds through the ICE Consolidated Feed.

     

    For more information about SFTI Wireless, please visit: https://www.theice.com/market-data/connectivity/sfti-wireless.

     

    About Intercontinental Exchange

     

    Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.

     

    Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

     

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on February 7, 2017.

     

    About Go West Network

     

    For more information about the Go West Network, visit www.gowestnetwork.com.

     

    SOURCE: Intercontinental Exchange

     

    ICE- CORP

     

     

     

     

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    Business Wire India

    GTreasury announced the opening of their West End, London office at 1 Neal Street. This move gives GTreasury both an expanded presence in Europe for the servicing of its new and existing treasury management customers and a foundation for greater support, service and future growth.

     

    The London based GTreasury team will include new additions such as Terry Beadle, as Global Head of Corporate Development, and Christopher Seaman, as EMEA Managing Director.

     

    Mr. Beadle was the global leader of Bloomberg’s treasury management team for three years and is a former managing director of Wall Street Systems. Mr. Seaman was with Bloomberg since 2007, and was most recently in charge of global sales of its corporate treasury management solutions.

     

    “GTreasury is experiencing strong growth and continues to be an influential global leader in the liquidity management and payments arena. Adding a London office and strong management enhances our support for EMEA customers, increases our access to global talent and local partners, and will help us drive business opportunities worldwide,” said Orazio Pater founder of GTreasury.

     

    About GTreasury

     

    Originated in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. This gives GTreasury practitioners real-time insight and access into their global liquidity. GTreasury is the only company that offers both an installed and a SaaS solution. Our modular platform and infrastructure allow any size treasury operation the ability to customize a solution that is best suited to their needs. For more information please contact Marketing@GTreasury.com or visit www.GTreasury.com.

     

     

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    Business Wire India

    Enthusiastic Children with their New School Bags
    Enthusiastic Children with their New School Bags

    DST (NYSE: DST), a global provider of specialized technology, strategic advisory, and operations outsourcing to the financial and healthcare industries, today announced it distributed school bags and footwear to more than 300 underprivileged students at the Miyapur Govt School (MPPS) in Hyderabad, India.

    As part of DST’s Catalyst Program (CSR initiatives), it has been involved in a variety of activities, including promoting education for students at MPPS. DST worked in collaboration with United Way Hyderabad, a volunteer led, non-profit organization established in 2010 to serve those who are underserved and in need.

    “In March of this year, DST assisted in the construction of several classrooms at MPPS, and we are pleased to extend our support by providing school bags and footwear for these students,” said Ian Harris, President, DST IT Services. “We are proud to be a part of the transformation of this school and delighted that we are able to help more than 300 students’ primary education.”

    “Through its Catalyst program, DST has been actively involved in several initiatives in Hyderabad and Pune as well as in Bangkok, Thailand,” said, Deepak Gupta, Head, HR & CSR, DST IT Services. “These activities include supporting blood donation drives, food drives, Education drives, clothing drives and games equipment donations. DST also sponsors education programs for underprivileged children in rural areas. We are honored to be a part of these sustainable and important community development projects to improve the education and lives of children around the world.”About DST

    DST Systems, Inc. (NYSE: DST) is a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. We enable clients to transform complexity into strategic advantage by helping them continually stay ahead of and capitalize on ever-changing customer, business and regulatory requirements in the world’s most demanding industries. For more information, visit the DST website at www.dstsystems.com.

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    Business Wire IndiaCatalyst, a digital payments initiative has announced the launch of applications for its incubator focused on ‘Fintech for the Last Mile’. The incubator will support financial technology innovations that cater to the specific needs and requirements of small businesses and low-income consumers. Selected start-ups will be supported through grants funding (up to 33 lakhs each), market access, mentorship, technology infrastructure, research, and operations support for conducting product experiments. They will also have access to Catalyst’s broader ecosystem, including other fintech companies, traditional financial institutions, government departments, policy makers, and knowledge partners through Catalyst’s FinPosium events.

    Speaking at the launch, Badal Malick, CEO, Catalyst said, “There are unique challenges faced by low-income underserved groups like financial literacy barriers, high variability in income and expenditure flows, informal credit agreements, difficulty in negotiating complex interfaces, etc. which aren’t being addressed by the current market. Virtually all fintech products in the market today serve the needs of affluent, urban, English speaking and internet-connected audiences. Our incubator seeks to close this gap by supporting entrepreneurs with a vision to develop technology and business solutions that address these unmet needs.”

    He added, "Apart from access to Catalyst’s strong network across the venture funding, banking, and fintech industry, grantees will also benefit from our on-ground presence in Jaipur - our ‘digital payments lab’, providing them a chance to test and iterate their solutions with real users and customers, and an established learning infrastructure.”

    To support this initiative, Catalyst has established cross sector- partnerships with organisations such as Aspada, SAIF Partners, Accion, MasterCard, Axis Bank, Aditya Birla Payments Bank, Capital Float among others for funding and operational support to the incubatees. Rakesh Mishra – well-known start up advisor and former Head of Innovation Centre at Infosys is the program advisor for the Incubator.  Mentors to the incubator include Rohan Agrish- CTO Capital Float, Sanjay Swamy- Managing Partner Prime Ventures and Alok Mittal- CEO Indifi Technologies.

    Catalyst Incubator is inviting applications from start-up businesses for its first cohort till 15th Sept 2017. To apply, interested start-ups can submit their pitch decks at: http://cashlesscatalyst.org/incubator/
    About Catalyst

    Catalyst is an initiative seeded by the U.S. Agency for International Development (USAID) as a part of its collaboration agreement with the Government of India (GOI) to increase the adoption of digital payments by underserved and marginalized communities in India. Catalyst is working to help India's small businesses and low-income consumers unlock the power of digital payments to gain access to broader financial services like credit, savings, insurance, and investments, creating opportunities vital to their prosperity. Since its launch, Catalyst has entered into a formal agreement with the Government of Rajasthan to set up a “digital payments lab” in Jaipur to transform it into India’s first less-cash city. It has also established a broad partnership of nearly 150 Indian and multinational organizations and is working with select anchor partners to incubate, test, and scale promising digital payment business and delivery models.

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    Business Wire India

    • 50% waiver on processing fee for Home Loans above Rs. 25 lakh
    • Lowest interest rate of 8.35% on loan value above Rs. 75 lakh
    Home loan aspirants have another reason to cheer this festival season with cheaper home loan by Bajaj Finserv. All home loans applicants, availing a loan above Rs. 25 lakh will get a 50% waiver on the loan processing fee. What makes this proposition more attractive to the home loan applicants is that the 50% waiver complements the lowest interest rates on home loan at 8.35% on loan amount above Rs. 75 lakh.
     
    Bajaj Finance Ltd, the lending and investment arm of Bajaj Finserv, will also offer this waiver to applicants opting for Home loan balance transfer for Rs. 25 lakh and above along with a top-up. This limited period festive offer closes on September 11, 2017.
     
    Through this offer, the customers can additionally get a top-up amount on balance transfer that can be used for multiple purposes like renovation or buying new furniture etc. The top-up value is capped at 50% of the total loan amount sanctioned and is available at an attractive rate.
     
    Hassle free home loan application process from Bajaj Finserv
     
    Availing home loans from Bajaj Finserv is an easy and convenient process. Applicants can check their eligibility online and calculate their EMI through the home loan EMI calculator with the flexibility of choosing their tenure.
     
    On fulfilment of the eligibility criteria, the loan is approved within 5 minutes and a representative gets in touch with the customer immediately. Bajaj Finserv offers a door step service for collecting the customer’s documents as per schedule convenient for the customer. Bajaj Finserv also allows its customers to apply for a home loan with minimum and basic documents like identity proof, address proof, income details and bank statement.
     
    Bajaj Finserv has announced an array of lucrative offers for its customers around the festive season. In this period, company has also slashed its personal loan interest rate to 12.49% for a loan value of Rs. 12 lakh and above.
    About Bajaj Finance Ltd
     
    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
     
    To know more please visit:
    https://www.bajajfinserv.in/finance/
    https://www.bajajfinserv.in/investment

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    Business Wire IndiaSenior citizen planning to invest in safe financial instrument can earn higher return for smaller amount through Bajaj Finance Ltd’s Fixed deposit. Bajaj Finance Ltd, India’s leading non-bank, is offering an attractive interest rate 8.10% on fixed deposits to senior citizens. Bajaj Finance Ltd’s fixed deposit has one of the highest approval ratings in the market, which means safety and reliability for every investor.

    In order to protect senior citizens from decline in interest rates, recently government had announced a fixed 8 percent returns on 10-year bank deposits of up to Rs. 7.5 lakh. Following the same principal, Bajaj Finance Ltd is offering a higher rate of interest for senior citizens for an amount as low as Rs. 25000.

    The Indian Fixed Deposits market is estimated to be Rs. Rs.110,00,000 crore of which the corporates FDs is approximately 50%. Bajaj Finance Ltd’s FD CARG witnessed a growth of 137% in last 3 years. FD asset under management stood at Rs. 5521 crore as on August 31 2017.

    Customer can access a wide network of Bajaj Finance with a presence in 200+ cities to invest in this Fixed Deposit. Bajaj Finance’s FD, awarded with rating from CRISIL, ICRA, CARE & India Ratings, are available in various tenors from 12 to 60 months according to the customer needs.

    Key features of Bajaj Finance Ltd’s FD

    1. Stable Returns
    A fixed deposit guarantees a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenure.
    1. Check your returns
    While it’s important to have safe investments but one should also know the returns that will be receive at the end of the tenure. Bajaj Finance Ltd, through its Fixed Deposit Calculator, assists the applicant to calculate the returns that will received at the end of the tenure.
    1. No Approvals
    Unlike high-risk investments that have to go through one or multiple rounds of approvals, fixed deposit don’t need anybody to sign off.

    About Bajaj Finance Ltd

    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit:
    https://www.bajajfinserv.in/finance/
    https://www.bajajfinserv.in/investment

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    Business Wire India

    MetLife announced it has signed a 3-year sponsorship agreement with MDRT (Million Dollar Round Table) that will provide participation and support for the ongoing education, exchange of marketing and sales practice and skills development for MetLife Asia’s financial services professionals and MDRT members in the Asia Pacific region.

     

    MetLife Asia markets its products and services in its 11 markets in Asia through a multichannel distribution strategy including career agency, bancassurance, brokerage, other third-party distribution and direct marketing. With over 20 million customers in the Asia region, it is the fourth-largest pan-Asian life insurer (based on gross written premium or “GWP”) and ranks among the top five foreign life insurer in many of the Asian markets in which it operates.

     

    Commenting on the announcement, Bharat Kannan, SVP, Chief Distribution Officer, MetLife Asia said, “We have over 45,000 career agents in Asia and they, together with our other sales professionals play an important role in supporting our customers in their choices. Partnering with MDRT is an excellent way to provide our sales professionals with the tools and ongoing learning and development opportunities, and underscores our commitment in upholding the highest standards on behaviour, ethics and customer service in our industry.”

     

    MDRT’s global footprint was established in the early years of its existence and today its membership growth is strongest in Asia where there are more than 50,000 members. The organization’s global reach enables it to add value and provide unparalleled resources to key stakeholders.

     

    “MDRT is excited for this unique opportunity with MetLife Asia. We value the support of companies that are dedicated to the development and growth of their professionals and strengthening the financial services profession overall,” said MDRT President James D. Pittman, CLU, CFP. “MetLife Asia’s sponsorship enables us to deepen our engagement with MDRT members while also creating opportunities for MDRT to motivate, inspire, and teach prospective members about the boundless opportunities that they can create for themselves and their clients. Our relationship also reinforces MDRT’s mission to provide financial services professionals with the resources they need to succeed while maintaining the highest standards of client service and ethical conduct.”

     

    About MDRT

     

    Founded in 1927, Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, is a global, independent association of more than 62,000 of the world's leading life insurance and financial services professionals from more than 500 companies in 69 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information, please visit mdrt.org.

     

    About MetLife

     

    MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

     

     

     

     

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    Business Wire India

    Chef George Calombaris in India for CEO Series Second Edition
    Chef George Calombaris in India for CEO Series Second Edition

    The first edition of CEO series witnessed a phenomenal success with the crème de la crème from the Indian business, finance, media, and technology communities in attendance to relish a night of luxury combined with an extravagant culinary experience curated by Celebrity Chef Gary Mehigan of MasterChef Australia fame. The preparations for the second edition of American Express CEO series have gotten off to a flying start promising nothing less than sheer excellence. American Express CEO Series are set of exceptional social dinners exclusively for top executives of multi-billion dollar organizations to enable social interactions outside of boardrooms, setting in motion the opportunity to build powerful alliances and valuable friendships. This year, American Express CEO Series will be showcased in Delhi and Mumbai on 16th and 17th September respectively and will be attended by over 100 top notch executives.

    The highlight of the second edition will be an extravagant gastronomic spread curated by Celebrity Chef George Calombaris, one of Australia’s top chef, restaurateur, and co-judge of the incredible popular MasterChef Australia. The seven course menu designed for this bespoke dinner promises to transport the invited guests to the blessed land of the sun, the seas, and the olive trees.

    Speaking on this novel concept, Ms. Sapna M Vats, Director - Luxury Marketing & Special Events at Evolve says, “The first edition of CEO series was a huge success and it is an impressive feat achieved by my team. The success has inspired me to take my idea forward - the opportunity of bringing so many impressive and creative top executives together to build peer relationships and explore opportunities manifold. It is my distinct pleasure to curate a night where we witness the amalgamation of luxury and power under one roof.”

    According to Mr. Manoj Adlakha, CEO, American Express Banking Corp., India, “At American Express, we are passionate about delighting our customers and making their experiences memorable. Many of our Card members are food connoisseurs and we curate events for them to treat their culinary senses. We are pleased to present a one of its kind CEO series for the second consecutive year and really looking forward to taking top boardroom executives on a Greek inspired gastronomical journey with Chef George Calombaris!”Social Media Handles 
    Facebook: www.facebook.com/evolveluxurymarketing/
    Instagram: @evolveluxury 

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    Business Wire IndiaAny paradigm change brings about positive impact which might take some time before the advantages become apparent, and Indian real estate will reap the benefits of the various policy initiatives and economic reforms, said Dr. Niranjan Hiranandani, Co-founder & Chairman, Hiranandani Group. Addressing stake-holders at the at the NAR India 9th Annual Convention, which was held in Mumbai on September 11th and 12th, 2017, he highlighted the positive times that lie ahead for Indian real estate.
     
    Despite one scenario which suggests challenging times for the economy in general and real estate in particular, Dr. Niranjan Hiranandani pointed out that the Indian Economic Growth Story appears to be moving in the right direction. India’s GDP continues to grow, and the real estate sector will be the major contributor given its ability to provide jobs, both unskilled as also skilled. Prime Minister Narendra Modi’s initiatives including ‘100 Smart Cities’ as also ‘Housing for All by 2022’ are perfectly aligned to make an impact on the Indian economy, there is a need to focus on ways and means to ensure time-bound implementation – perhaps, a section of bureaucrats need to re-align their priorities, speed up activities and pro-actively carry out initiatives which are in sync with the new policies and laws, in order to achieve the goals. “The success story of the Prime Minister’s initiatives will be written with the Public Private Partnership (PPP) model,” he added.
     
    A slow-down as regards new launches, high land prices and high level of taxation on real estate transactions were the three important challenges which Dr. Niranjan Hiranandani touched upon during his address at the NAR India 9th Annual Convention. He pointed out that high land prices would not reduce unless the Government introduced moves that would rectify the scenario vis-à-vis land prices. The second point he mentioned was that taxation on real estate transactions was as high as 30 per cent even under the GST regime, the aim of GST to subsume high level of taxation into a lower, single rate has not happened and thirdly, the impact of high land prices and high taxation on real estate transactions under the GST regime has resulted in volume of transactions having come down.
     
    Indian real estate is witnessing a ‘systems re-boot’ that began with demonetization, the legislation on benami properties, RERA Act and, the Goods & Services Tax. Real estate sector will benefit owing to the cumulative effect from reformist and progressive policies. These reforms, in the long term, will surely reinforce trust and enhance assurance among the home buyers and enable healthy growth of the real estate industry in India. One way of looking at these four ‘reforms’ is comparing these to a tsunami. In the long run, things will definitely improve, but in the short run, real estate is faced with challenges, he pointed out.

    Expressing hope that land prices would come down - once ‘production’ in real estate exceeds ‘consumption’, he said it was a matter of concern for all stakeholders in real estate that new launches were slow during the past six quarters – perhaps, he said, this translates into demand being met by existing housing stock.

    Dr. Niranjan Hiranandani stressed on the need to reduce land prices as also the tax component and the need to bring in introspective measure to redefine the impact of RERA rules on ongoing projects. “Indian real estate seems to be very bullish when one looks at the near future; and real estate developers need to adapt to the changes and cater to the demand,” he concluded.

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    Business Wire India

    Andersen Global is proud to announce the appointment of Andrea De Vecchi and Paolo Mondia as Co-Managing Partners for the European Region. Andrea and Paolo are the Managing Partners for Andersen Tax & Legal in Italy and Andersen Tax in Lugano, respectively. They will be working together closely to manage the European practice and the growth of both the region and the organization as a whole.

     

    “I have the utmost confidence in Andrea and Paolo and both bring different perspectives and frames of reference to this position,” shared Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz. “They have played a significant role in our discussions around our organizational structure and have been catalysts for the enormous progress made in this short period of time. Their long history of leadership and cooperation, coupled with their excellent experience in the field make them ideal candidates for this new role.”

     

    Andrea specializes in mergers and acquisitions, corporate group structuring and transaction support in Italy and abroad. He has specific experience in different sectors, including mass retailing, publishing, new economy, hospitality, pharmaceuticals, restaurants, mining, energy and real estate, and is especially active in judicial consultancy, company assessment, supervisory and auditing activities. Since 1993, Andrea has been working with the professional services firm established by his grandfather in 1925, which later became Noda Studio, and is now Andersen Tax & Legal in Italy.

     

    Paolo provides tax and corporate consultancy services and advises individuals and companies in tax and corporate matters at both a national and international level. He has been running his own firm for more than 25 years, starting at Neofidaria SA as a market leader in the field of trust, and later establishing his own firm, MDR Advisory Group, now known as Andersen Tax in Lugano.

     

    Andersen Global is an international association of member firms comprised of tax and legal professionals around the world. Established in 2014 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 2,000 professionals worldwide and a presence in 70 locations through its member firms and collaborating firms.

     

     

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    Business Wire IndiaAdrenalin eSystems Limited (AeSys), a global product and software solutions company in HR automation, today announced that The Insular Life Assurance Company, Ltd. has gone live with Adrenalin, a global HCM solution internally re-branded by Insular as I-CON. This is a significant step by Insular Life towards digitizing the employee experience and accelerating the digital transformation efforts of the company. 780+ employees spread across Luzon, Visayas and Mindanao to benefit from the power of single source of employee information.
     
    The Insular Life Assurance Company, Ltd. also known as Insular Life, is the first and largest Filipino life insurance company in the country. Founded on November 25, 1910, Insular Life serves the Filipino people by providing individual and group life, health and retirement insurance products. Insular Life currently employs 780+ employees and is operating across the Philippines with more than 50 field offices or branches.
     
    Insular Life deals with multiple portfolios in the insurance domain. The business is driven on market conditions; the dynamic nature of the work requires greater involvement of HR to augment the resources that will arise from time to time. Insular Life needed a comprehensive, easy to understand, centralised HR system that could help them overcome the following challenges:

    • Optimizing value of 201 File for purposes of decision making;
    • Facilitating benefits administration vis-à-vis separate approaches for different employee group;
    • Providing accurate references for employee development and movements based on required and actual competency levels; and
    • Streamlining processes and reduce paper routing in personnel administration.
    After rigorous evaluation process, Insular Life decided to on-board Adrenalin-Transformative Digital HR. Insular Life selected Adrenalin HR modules such as HR Foundation, Employee Life Cycle, Workforce Administration, Self Service, Reports (iReporter) to help consolidate its HR system, to put employee first and help them succeed, and to provide real time employee insights for management’s decision.    
     
    With I-CON powered by Adrenalin, Insular Life aims to achieve improvement in efficiency of HR processes, HR related data consolidation and data accuracy, reduction of paper use, creating a communication channel for management and the employees through employee portal and ease of access to employee related insights.
     
    Dr. Krishna G V Giri, Chairman & CEO of Adrenalin eSystems says, “The world of HR is Changing. Digitalization is changing the way HR team is managing employees in an organization and it ensures data driven insights help the team to improve overall business performance and productivity. Our partnership with Insular will ensure the HR team will achieve the business goals by exploring the infinite possibilities with Digital Technologies.”
     
    Ms. Florian C. De Leon – Insular Life HR Head says “Adrenalin HCM implementation which we collectively call at Insular Life as I-CON, is HRD's core initiative in its efforts to "digitize employee experience". This supports the digital transformation efforts of the company. Our vision is to become a high performance organization and ensure we have a single system across all touch points, streamline process and achieve seamless digital experience, enhanced employee experience and leverage the power of data insights to achieve business outcomes and drive organizational change. ”
    About Insular Life

    The Insular Life Assurance Company, Limited, also known as Insular Life, is the first and largest Filipino life insurance company in the country. Founded on November 25, 1910, Insular Life serves the Filipino people by providing individual and group life, health and retirement insurance policy. The Company is currently headquartered at the Insular Life Corporate Centre (ILCC) building in Filinvest City, Alabang, Muntinlupa City. 
     
    About Adrenalin

    Adrenalin is a group company of Intellect Design Arena Ltd, a global leader in Financial Technology for Banking, Insurance and other Financial Services. Adrenalin is a comprehensive, (web-based) human resource management software which automates the entire HR processes. Over 700 customers from 33+ verticals the world over & 800,000 users use Adrenalin HR Software. For more information, please visit, www.myadrenalin.com.
     
    Social Media Handles - 

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    Business Wire India Bajaj Finserv, through its lending arm, Bajaj Finance Ltd, this festive season will offer lowest interest rate of 8.35% on a home loan of Rs. 75lakhs and above. The company is also rewarding personal loan applicants with Amazon vouchers ranging between Rs. 1000 to Rs. 5000.

    Applicants opting for a home loan amount of Rs. 50lakhs to 74.99lakhs will enjoy a reduced interest rate of 8.45%. Loan amount of Rs. 50lakhs can be availed at 8.50%. These rate are available for applicants opting for balance transfer and availing top-up as well. Company will offer these rates between 12th Sept to 18th September 2017.

    For personal loan seekers, company has announced gift vouchers for different loan amounts. Loan applicants availing loan amount of Rs. 12lakhs and above will be rewarded with Rs. 5000 Amazon voucher. Similarly, vouchers of Rs. 2000 and Rs. 1000 will be rewarded to applicants availing loan amount of Rs. 8lakh to 11.99lakh and Rs. 5lakh to 7.99lakh respectively.       

    Bajaj Finserv home loan’s benefits

    Bajaj Finserv’s home loan application process is transparent and convenient wherein the applicant can check their eligibility online and calculate their EMI through the home loan EMI calculator for choosing their tenure.

    Three EMI holiday feature by Bajaj Finserv allows customer to start repaying the loan 3 months post the disbursal.

    To make the entire loan disbursal process easy for its customers, Bajaj Finserv offers a door step service for collecting the customer’s documents as per schedule convenient for the customer. Bajaj Finserv also allows its customers to apply for a home loan with minimum documents like identity proof, address proof, income details and bank statement.
    About Bajaj Finance Ltd

    Bajaj Finance Limited, the lending arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 7 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle refinancing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit:

    https://www.bajajfinserv.in/finance/

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    Business Wire India

    Aite Group’s latest report, Digital Authentication: New Opportunities to Enhance the Customer Journey, explores merchant and financial institution initiatives to create an intuitive user experience. FIs and merchants are spending a considerable amount of time and resources in their quest to make it as easy as possible for consumers to access and spend their money. Meanwhile, an increasing proportion of banking and retail transactions are quickly moving into the online and mobile channels, and criminals are following with rapidly evolving and innovative attacks.

     

    A variety of technologies, such as biometrics, are now available that can bring both greater security and a superior user experience. However, the resulting cacophony of vendor messages can be confusing for FI and merchant executives as they work to understand the value of various technologies and determine the appropriate way to orchestrate an effective solution.

     

    “An intuitive and easy digital user experience is table stakes for both banks and e-commerce merchants, but this is increasingly difficult to maintain as cyberattacks grow more frequent and sophisticated,” says Aite Group research director Julie Conroy. “Businesses that leverage technology to enable security in a responsive, frictionless manner will increasingly gain a competitive edge,” she says.

     

    This report outlines the various digital channel fraud detection and authentication solutions, discusses their pros and cons, and provides a vendor mapping. It concludes with a discussion of the ways in which FIs and merchants can more nimbly evolve their protective strategies.

     

    To request a press copy of this report or to speak with Julie Conroy about this topic, please contact us at pr@aitegroup.com.

     

    About Aite Group:

     

    Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.

     

     

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    Business Wire India

    7 Ways Retailers will Boost Diwali Sales
    7 Ways Retailers will Boost Diwali Sales

    E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period.

    Incentivizing Wallet Payments

    By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers paying through these wallets receive exclusive discounts from e-commerce companies. Recently, Amazon launched its Pay Balance feature which allowed customers to pay instantly with pre-loaded Amazon Pay wallets. As an introductory offer, Amazon gave 15% Cashback of upto Rs. 450 to its Prime Members who paid using Pay Balance. Regular shoppers received 10% Cashback of upto Rs. 300. Similarly, this year Flipkart launched an Independence Day offer wherein 1,947 shoppers who paid through the Flipkart owned PhonePe app, won Rs 71 Cashback on their transactions.

    Bank Tie-Ups to Increase

    Another technique of providing exclusive offers to shoppers has been through tie-ups with banks. Customers pay using bank cards and get access to discounts that are added to pre-existing festive offers. Flipkart frequently partners with SBI and Amazon with Axis Bank, ICICI, CITIBANK and more.

    Fewer App-Only Offers

    Last year online stores were providing better discounts to App only users instead of Desktop users. While a few websites are still doing this, most e-commerce players will likely offer the same deals on their Mobile App, Desktop and Mobile sites. The trend of App only offers will thus decline this festive season.

    Cashback Reign Continues

    Retailers are now offering extra discounts by partnering with Cashback websites. Users prefer shopping through Cashback websites that offer extra Cashback on top of ongoing discounts. This in turn helps e-commerce websites because their sales are promoted by the Cashback website; making this a triple-win situation.

    The Cart Strategy Rises

    Apart from these conventional methods of driving more sales to their websites, online stores are also opting for more personalized methods of reaching out to consumers. One such idea has been to reach out to shoppers with abandoned carts through social media or emails. Shoppers are often given higher discounts to complete these transactions.

    Social Media Play

    Similarly, social media features like the ‘Shop’ feature on Facebook and ‘Swipe Up’ feature on Instagram are being utilized to attract shoppers. Flipkart is one such store that regularly uses the ‘Shop’ feature to give customers an option to shop directly through their Facebook page.

    The VIP Shopper Treatment

    Finally, online stores offer special discounts to loyal customers by creating loyalty programs such as VIP clubs which function as active groups on social media websites such as Facebook. Consumers registered with these VIP clubs get early access to sales and better deals while they shop. Myntra launched the Myntra Shopping Groups contest during their End Of Reason Sale this year and offered extra rewards to shoppers who invited their friends and family to shop during the sale.

    In the coming months, we can expect most e-commerce websites to adopt one or more of these marketing strategies to make their big sales even bigger. It’s time for online shoppers to begin making their shopping lists as the best time to shop and save is upon us.

    Website: https://cashkaro.com/

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    Business Wire India

    Viridian Group FinanceCo PLC and Viridian Power and Energy Holdings DAC (together, the “Issuers”), subsidiaries of Viridian Group Investments Limited (“Viridian”), a portfolio company of I Squared Capital, have priced their offering of £540 million (equivalent) in aggregate principal amount of senior secured notes. This issuance comprises a Euro tranche of €350 million of 4.00 percent senior secured notes due 2025 and a Sterling tranche of £225 million of 4.75 percent senior secured notes due 2024 (together, the “Notes”).

     

    Viridian intends to use the proceeds of the Notes, together with amounts received in relation to the settlement of certain forward foreign exchange contracts and cash on balance sheet, to refinance its existing Euro denominated notes, to pay costs and to pay a £60 million distribution to its shareholders.

     

    The Notes (144A/Reg S) have received a rating of B1 (positive outlook) from Moody’s and an expected BB-(Exp) from Fitch.

     

    “With this refinancing, Viridian is even better positioned to execute its corporate strategy,” said Ian Thom, CEO of Viridian. “The pricing achieved reaffirms the significant improvement in credit quality from growth initiatives, including the commissioning of 168 megawatts of wind capacity in March and April 2017, together with the ongoing construction of a further 75 megawatts of wind capacity. In addition, Viridian continues to hold leading positions across Ireland in a diversified portfolio of assets, including 747 megawatts of thermal generation capacity capable of providing 11 percent of peak demand, over 1.2 gigawatts of power purchase agreements, as well as supplying over 700,000 customers with gas and electricity.”

     

    The offering was led by I Squared Capital in close partnership with the Viridian executive leadership team.

     

    Deutsche Bank, Barclays, and Credit Suisse acted as Joint Global Coordinators and Bookrunners. Lloyds Bank and The Royal Bank of Scotland (trading as NatWest Markets) acted as Bookrunners.

     

    Simpson Thacher & Bartlett LLP acted on behalf of Viridian while Latham & Watkins LLP acted on behalf of the Global Coordinators and Bookrunners.

     

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

     

    About Viridian

     

    Viridian is a leading integrated Irish energy business with substantial businesses in both Northern Ireland and the Republic of Ireland.

     

    About I Squared Capital

     

    I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong, and Singapore.

     

     

     

     

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    Business Wire IndiaThis Engineer’s day, Bajaj Finserv is offering special rewards to all Engineers pursuing their entrepreneurial dreams. As a special recognition to the contribution of Engineers as nation building, the company is offering assured gifts like free vouchers and trips to exotic holiday destination, to those Engineers who have ventured out to set up their own businesses.
     
    Bajaj Finserv allows Engineers to apply for loans through minimal documentation and convenient online application. Aspirant with minimum 3year of self-employed experience and certificate of practice as a business proof can avail the loan upto Rs. 15 lakhs.
     
    Bajaj Finance Ltd, the lending arm of Bajaj Finserv, will reward Engineer availing professional loans to fulfil their operational and capital expenditure demands will with gift cards from Lenskart/ Jabong/ Pepperfry of Rs. 500. The loan applicants will also be part of an exciting lucky draw. Winners of the lucky draw will win an international trip to Spain or a trip for a couple to Goa.
     
    In addition to these rewards, the Engineers can also get the access to Bajaj Finserv’s Value Added Services like: Financial Fitness Report, a co-branded credit card by RBL and Bajaj Finserv, and free gift vouchers from Club Mahindra Holiday worth Rs. 20,000.
    About Bajaj Finance Ltd.
     
    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
     
    To know more, please visit https://www.bajajfinserv.in/finance/

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    Business Wire India

    Fitch Solutions announced a number of powerful enhancements to its Counterparty Risk Solutions, each designed to help risk professionals make faster and more insightful decisions. The Counterparty Risk Solution now includes a curated news monitoring service, Country Risk Data from BMI Research, and Bank Rankings – all delivered through the Fitch Connect platform.

     

    Fitch Connect News: This innovative offering uses machine learning and text mining technologies to gauge news sentiment on user-defined portfolio of banks, curated from thousands of global sources. This unique service applies a ‘negativity algorithm’ against entity and portfolio content, learning to deliver increasingly relevant content based on user behavior and delivered within his or her credit risk workflow.

     

    Country Risk Data: This qualitative view of BMI Research’s macroeconomic data, forecasts and risk indices features macroeconomic and political risk analysis for 163 countries globally, and covering 99.9% of global GDP. BMI’s macroeconomic and political risk content is combined with Fitch’s proprietary content and relevant financial data.

     

    Bank Rankings: Leveraging its extensive Fundamental Financial Data, Fitch Solutions has developed a Bank Ranking methodology to offer insight into banks’ positioning on a global and country basis. Bank Rankings provide a clear indication of a bank’s relative standing compared to peers, both current and historic. Bank Rankings are available based on Total Assets, Risk Weighted Assets, Tier 1 Capital and Operating Profit.

     

    Brian Filanowski, Global Head of Product, Fitch Solutions, commented: “By listening to our users, we continue to offer differentiated solutions targeted at helping relieve some of the pain-points in their workflow. The release of the curated news monitoring service is a great example of a differentiated solution. Our innovative offering saves our users time sifting through various news websites and allows them to spend more time on managing their exposures and mitigating risks.”

     

    Fitch Solutions is a leading provider of solutions for counterparty credit risk professionals. Fitch’s Fundamental Financial Data has the largest coverage of bank fundamentals in the market, economic data on sovereigns, including 3-year forecast data, as well as financials on insurers and corporates. The Counterparty Risk Solution also includes access to credit ratings and research from Fitch Ratings, as well as Financial Implied Ratings and other analytics that provide insights into local market dynamics and what is behind the numbers. The suite of products and services that comprise the Counterparty Risk Solution is available through a number of delivery channels, including desktop and enterprise applications.

     

    “Over the last ten years, the financial services sector has been undergoing a transformation that involved the introduction of many new systems and processes to comply with financial regulation,” said Mr. Filanowski. “Our goal is to help counterparty risk managers by integrating relevant content from various sources into one tailored solution that helps drive fast and insightful decisions.”

     

    About Us:

     

    Fitch Solutions is a world-leading provider of credit intelligence and the primary distributor of Fitch Ratings content. Today, 90% of the world’s leading banks and financial institutions, as well as multinational companies, government agencies, and consulting firms based in more than 118 countries depend on Fitch content to inform their business decisions.

     

    BMI Research is a leading provider of macroeconomic and industry research, and analytics. For over 30 years, BMI has produced quality analysis and forecasts on macroeconomics, political risk, capital markets, and 22 industry sectors.

     

    Together, Fitch Solutions and BMI Research comprise the information services business of Fitch Group, a leading provider of essential financial information and services to the global financial markets. Fitch Group is majority-owned by Hearst.

     

     

     

     

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