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    Business Wire India

    OT-Morpho, a leading global provider of embedded security software products, services and solutions, announced that it will present its first semester 2017 financial results to investors on Friday October 6th, 2017.

     

    Didier Lamouche (CEO) and Frédéric Beylier (COO) will be presenting these financial results and taking questions the same day at 1pm Paris Time (12am London Time/7am New York Time).

     

    In order to access the conference call dial-in details, please refer to our website: http://investors.oberthur.com

     

    About OT-Morpho

     

    OT-Morpho is a world leader in digital security & identification technologies with the ambition to empower citizens and consumers alike to interact, pay, connect, commute, and travel in ways that are now possible in a connected world.

     

    As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in security and identity technologies and offer customized solutions to a wide range of international clients from key industries, including Financial services, Telecom, Identity, Security and IoT.

     

    With close to €3bn in revenues and more than 14,000 employees, OT-Morpho is the result of the merger between OT (Oberthur Technologies) and Safran Identity & Security (Morpho) completed on 31 May 2017. Temporarily designated by the name "OT-Morpho", the new company will unveil its new name in September of this year.

     

    For more information:
    www.morpho.com and www.oberthur.com
    Follow @Safran_Morpho et @OT_TheMcompany on Twitter .

     

     

     

     

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    Business Wire India

    Palmarium, through their subsidiary VIEO B.V. announces the acquisition of Lebara Group B.V. and the Lebara Trademark Companies.

     

    Since its inception in 2001, Lebara is recognised as one of the fastest growing pan-European mobile companies. As the value brand for the world’s travelers, students and migrant community, Lebara offers inclusive and accessible products and services.

     

    Through its 275 thousand outlets, Lebara has a unique reach to its growing customer base of over 3.5 million.

     

    Lebara’s culture is driven by innovation and business successes and has a diverse workforce and best-in-class customer service with numerous industry awards.

     

    Palmarium gives Lebara strong backing and expertise to grow and drive the digitalisation of the business.

     

    The founders of Lebara are leaving the company. The new leadership team is led by Graeme Oxby as CEO.

     

    Graeme Oxby is a highly experienced CEO for innovative telecoms companies, including prominent brands such Three and Virgin. At Virgin he transformed its business from prepay only to a contract business. Most recently he was Managing Director of Liberty Global’s European Mobile Business, where he successfully launched five new territories.

     

    “Lebara is a vibrant and exciting growth business with a great deal of potential. I’m excited to be at the helm, and believe this acquisition, combined with the strength of the new leadership team and its strong investors, will take this business to the next level.” Oxby said.

     

    - END –

     

    About Palmarium

     

    Palmarium is a swiss private family office and investor with focus on alternative investments including private equity and real estate.

     

    We leverage our networks to identify opportunities and structuring proprietary transactions around them, with the unique ability to manage complex businesses and situations. The rare combination of our deep sector knowledge and a singular commitment to our principals and partners is reflected in our performance and diverse portfolio of businesses.

     

     

     

     

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    Business Wire India

    UAE Exchange staffs at the Rally
    UAE Exchange staffs at the Rally

    In the present century, world is moving towards higher phases of innovation with little relevance to nature and its well-being. Almost 30% of Indian Rivers are turning into desert, which stands as a major crisis for the nation. Nation’s lifeblood, our rivers are gradually waning away or being polluted to the extent of non-usage.
     
    As a support for the great cause to save our country’s lifelines, UAE Exchange India join hands with Isha foundation ‘Rally for River’ at Nizamabad. Almost 20 staffs voluntarily participated in the program conducted on September 14, 2017, covering areas of Railway Station Circle, Collectorate Office Circle, Pulong Circle, RR Chourastha and Gandhi Chouk in the morning hours.
     
    Mr. Gopi Zonal Head Nizamabad inaugrated the event and shared that, “1.2 billion of us takes a pledge to support such causes, no worries for future. So live righteously today to carve a brighter future for next generation.”About UAE Exchange
     
    UAE Exchange India is one of the pioneers of financial services renowned for its penchant quality and optimized service trends, creating a niche for itself in the industry. Connecting people and creating progress with the finest of quality is the vision of the company that has an extensive reach of 370 plus branches serving a population of 1.25 million people under the proficient support of 3375 employees. The company has been instrumental in providing cost-effective service in Foreign Exchange, Money Transfer, Air Ticketing & Tours, Loans, XPay Cash Wallet, Insurance and Share Trading.

    Website: www.uaeexchangeindia.com

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    Business Wire India


    FundzBazar Launched Paperless eKYC

    FundzBazar, online Mutual Fund investment platform, has launched an exclusive feature for all first time Mutual Fund investors. It has launched Paperless eKYC facility which will allow these investors to complete their KYC process from the comfort of their home or office in just 2 mins.

    KYC (Know Your Client) Verification, is a one-time mandatory process for investing in Mutual Funds. If any investor wants to invest in Mutual Funds, he has to first get himself KYC verified only then he can start investing in Mutual Funds.

    eKYC@ FundzBazar: Completely Paperless and in just 2 mins!
    • At FundzBazar, eKYC can be done in 3 simple steps and in just 2 mins. All it require is a Pan No. and Aadhaar No.
    Step 1: Investor has to register him/herself by providing email id and mobile no.
    Step 2: He/She has to enter PAN, Aadhaar no. and confirm through OTP sent on mobile no. registered with Aadhaar.
    Step 3: He/She has to provide additional details and it’s done.
    • With eKYC, now there is no need to fill KYC form, attach supporting docs – Pan Card, driving license, etc. and visit the nearest MF office to submit the documents and to do IPV – In Person Verification
    • In case of Physical KYC, investor has to wait for 2-3 weeks to get his status KYC-Verified. eKYC has reduced this period to 2 mins. only.
    FundzBazar provides 2 options to do eKYC:
    1. OTP based eKYC:
    • KYC is done through confirmation of OTP sent on mobile number registered with Aadhaar.
    • Under this option investor will be allowed to invest upto Rs. 50,000 per mutual fund per financial year.
    1. Bio-metric eKYC:
    • KYC is done through authentication of your finger print scan through UIDAI approved devices.
    • Under this option investor can invest without any limit.
    • To complete biometric eKYC, investor has to personally visit any of the Prudent branches.
    About Prudent Group

    FundzBazar has been promoted by Prudent Group, a group which has more than a 17 years of experience in financial advisory and distribution business.

    Prudent manages Rs. 13,282 Crore AUM and having wide network of 64 branches in 19 states with 8800+ channel partners catering to 4.18 lakhs+ clients with no. of live SIPs of 5.6 Lakhs+.

    For more information, visit: www.prudentcorporate.com, www.fundzbazar.com

    Twitter: @fundzbazar
    Facebook: @Fundzbazar
    Linkedin: FundzBazar
    Instagram: fundzbazaar

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    Business Wire India

    • Bookings open for properties starting at INR 80 lakhs to INR 3 crores
    • Multiple financing options available from ICICI and HFDC Bank
    Central Park, known for its concept living, today announced that Flower Valley, a premium global township at Sohna Road, Gurgaon has received RERA registration certificate. This development highlights Central Park’s focus towards its philosophy of accountability and transparency. Flower Valley has been registered with Haryana RERA under two registration numbers - one for plotted and the other for group housing establishment. Considering the rise in housing demand due to the growth potential of South of Gurgaon area, Central Park will soon redefine the prices of Flower Valley properties. With RERA as the supporting factor, Flower Valley will undoubtedly become the most sought after destination in the area.
     
    Central Park Flower Valley is a premium global township embellished with lush greenery, exquisite flora and water bodies, providing a touch of spring at every footstep. The whole township is located amidst a treasure trove of nature with thousands of trees and multiple flower lanes, tucked just minutes away from the stress of the city. The Flower Valley also houses world class physical, spiritual and social amenities and to top it all, the main road location in South of Gurgaon, just minutes away from Golf Course Extension Road and other landmark destinations. Currently, Flower Valley offers six amenities which can be experienced by the customers right now - Al Capone Multi-cuisine restaurant, Flora Fountain, Foot Spa, Kid's Amusement Area, Golf putting and Juice Bar. The Company plans a very special emphasis on sports for the residents and others. 

    Commenting on this development, Mr. Amarjit Bakshi, Managing Director, Central Park said, “Central Park has always strived to not only meet but exceed customer expectations. The RERA registration is a validation of our commitment for timely completion as well as to remain transparent and compliant in all respect. All the residential and commercial projects will now be delivered as per schedule”.

    Differential residential offerings of Central Park Flower Valley
    • Fleur Villas - grand and luxurious, uber stylish designs space, a postcard perfect backdrop of flowers and world class amenities
    • The Room - air-conditioned, single and double full serviced suites for the millennials
    • Lake Front Towers - spacious, lake-facing towers with the option of customizing home as per resident’s taste
    • Flamingo Floors - private floors with elaborate details, expansive spaces and picturesque views of landscaped gardens
    • Cerise Suites - unique low-rise air-conditioned suites with party terrace and elevator
    • Mikasa Plots - providing the flexibility of building a single, duplex, grand mansion or a quirky cottage surrounded by sculpted greens, flowers and water bodies
     
    Central Park has always supported RERA for its customer centricity. Customer orientation has always been the core of all activities at Central Park. The company regularly organizes training sessions for not only their employees but also its registered channel partners for better customer orientation.
     
    RERA is a reformist act for regulation and promotion of the real estate sector by safeguarding consumers interest. It is a progressive step taken by the government towards bringing transparency and establishing sound practices to protect buyers’ interests. RERA is expected to bring more professionalism in the sector and help in eliminating casual operators leading to greater visibility & credibility of committed real estate companies like Central Park. Moreover, real estate companies will stand to gain from increased consumer confidence in a RERA regulated environment.
    About Central Park

    Central Park is an acknowledged realty brand and has an established presence in National Capital Region for over the past 16 years. With a delivery of 5.5 million sq. ft. across luxury residential and 5 star hospitality projects under its belt, Central Park is the fastest growing real estate brand having over 10.9 million square feet of existing development and another 12 million square feet of planned projects across hospitality, leisure, recreation, commercial and upscale residential developments in some of the most coveted locations in Gurgaon and Delhi.

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    Business Wire IndiaPower2SME announced today that it has secured an additional $36 million USD in capital for its Series E Financing round, in order to continue its meteoric growth and dominance as a B2B Digital Ecosystem platform for SMEs. The latest round, representing the largest deal size for Power2SME, is a co-investment by its existing investors Inventus Capital Partners, Accel, Kalaari Capital and Nandan Nilekani with participation from IFC, a member of the World Bank Group.

    Completing 6 years in January 2018, Power2SME pioneered the category of the B2B Buying Club for SMEs and boasts of a strong digital ecosystem platform for SMEs. Power2SME which commenced operations in 2012, offers a digital SME ecosystem that addresses some key SME challenges with the firm’s ‘enterprise grade solutions’ for SMEs.Its increased portfolio offering – addresses challenges in raw material procurement, Finance and MRO needs. Its B2B raw materials buying club (Power2SME.com) aggregates demand from SMEs for most commonly acquired raw materials (such as steel, polymers, yarns, chemical, etc.) and procures and sells these at competitive prices. Raw material accounts for 70 percent of the recurring costs of manufacturing SMEs every month. Second, its platform (FinanSME.com) connects empaneled lenders with SMEs in order to provide working capital finance at better terms from banks and non-banking financial institutions for purchases on Power2SME. Third is a one stop shop addressing SME MRO needs (SMEShops.com) to meet the growing and frequent requirements of SME buyers for consumable industrial goods.

    Today Power2SME, operates out of 7 offices and 14 states in India and has a current employee strength of 250. With a registered SME base of 50,000 SMEs, the company is steadfast in building India’s No1 digital ecosystem for SMEs delivering raw material procurement at competitive prices and access to finance at improved rates of interest thus driving higher efficiencies and profitability.

    Power2SME’s fast paced growth has been driven by dramatic year on year growth of 2.6 times. The firm achieved profitability in November 2016. Implementation of GST will further enable expansion of Power2SME into non-operational markets with ease thereby increasing the number of SMEs it can reach out to, thereby increasing the number of transacting SMEs on its platforms by up to ten times in the next five years.

    Power2SME will use the additional financing to continue geo expansion, accelerate product growth and innovation, invest in additional sales and marketing resources, and continue evaluating strategic acquisition opportunities.

    “Power2SME’s goal is to empower SMEs to reach efficiencies of scale thus driving profitability for them. Our work has been driven by our vision to make SMEs bankable. Our deep networks and relationships with the banking sector and financial institutions helps us to make our SMEs succeed like never before, says R Narayan, Founder and CEO, Power2SME. “This capital gives us additional resources to expand quickly and strategically into new markets, innovate rapidly, and deliver on our vision.”

     “As demonstrated by their remarkable growth and widespread adoption, Power2SME clearly leads the market in the development and delivery of an Impactful B2B digital ecosystem,” says Parag Dhol, MD, Inventus Capital Partners. “Our investment will help Power2SME capitalize on the growing demand for their solutions, and accelerate the company’s pace of product innovation.”

    Mahendran Balachandran, Partner, Accel expressed that “Power2SME is the largest B2B commerce platform in India focused on delivering extraordinary value to SMEs, be it access to raw materials at highly competitive prices, access to working capital and introducing new technologies to improve procurement efficiency.”

    “In 2012, we invested in Power2SME because we believed in SME growth story,” says Vani Kola, MD, Kalaari Capital. “Since then, Power2SME has shown proof of concept of its procurement offering as well as its finance offering and has emerged as a leader in its category. For India, SME growth and empowerment will help in bringing up the GDP contribution of the sector to the nation and Power2SME is leading this change from the front. We are committed to helping the team become the dominant player in this market.”

    “MSMEs will play a critical role in making India a manufacturing hub; and thereby make the growth process more inclusive. The opportunity for both the government and private players such as Power2SME is large and focused and continued contribution could well bridge financial inclusion for the sector,” says, Nandan Nilekani, Co-founder and Non-exec Chairman Infosys Ltd.

    “Our investment in Power2SME will spur greater VC interest in the SME sector in the country and support India’s vision to become a global manufacturing hub,” said Ruchira Shukla, South Asia Regional Lead for Venture Capital at IFC, World Bank Group. “By working with SME-focused companies and partner financial institutions, we aim to improve access to finance for over one million SMEs in the next five years. Bridging the financing gap for women-owned enterprises is also a key focus for IFC’s strategy in India.”

    Micro, small and medium enterprises form a large part of the Indian economy, accounting for 45 percent of the country’s industrial output and 40 percent of its exports. There are 48.8 million MSMEs in India, which employ 111 million people. There is critical shortage of long-term funding for the sector. Some estimates put the gap at $320 billion against a total of demand of $500 billion. India has the largest base of SMEs in the world after China, however, Indian SMEs contribute only 8-10 per cent to the nations GDP as compared to 60 per cent contribution by SMEs in China. This is a huge opportunity for both the government and Industry. 
    About Power2SME - https://www.power2sme.com/

    About IFC - IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets.

    About Accel - Founded in 1983, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies.

    About Kalaari Capital - Kalaari Capital is a $160 million venture capital fund with a strong advisory team in Bangalore investing in early-stage, technology-oriented companies in India.

    About Inventus Capital Partners - Inventus Capital Partners is a US-India venture firm managed by successful entrepreneurs and industry operating veterans who have backed over 100 entrepreneurs with operations in India and/or Silicon Valley.

    About Nandan Nilekani - Nandan is India’s leading Technocrat. He began his journey by co-founding Infosys and currently he is associated with the firm as Non- Executive Chairman. Nilekani also held the role of Chairman of the Unique Identification Authority of India (UIDAI) till 2014.

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    Business Wire IndiaAlways at the forefront of innovation, Rubique, India’s leading FinTech company, is now taking giant strides in enhancing the level of education and training in the FinTech domain in India. In view of the highly lucrative opportunities that await young professionals in the landscape, it is leveraging its expertise to co-certify courses in FinTech at the prestigious SP Jain School of Global Management. The two category leaders will collaborate and co-operate in an assortment of areas such as content, mentoring and research to enable the B-school students to widen their horizons and be fully ready to capture the possibilities of the FinTech space.

    The course content, mutually developed by Rubique and the faculty members of SPJGlobal will involve practical knowledge that will help the students in inculcating an understanding of financial services, FinTech business models and the application of technology in the financial services domain.

    Commenting on the collaboration, Manav Jeet, MD & CEO - Rubique said, “Rubique has introduced many path-breaking innovations in the FinTech domain, which we aim to share with the students of S P Jain Global School of Management. As we are constantly progressing on the innovation curve & working towards a paperless world in finance, our target is to urge the students to open their minds and acquaint themselves with the fresh avenues in FinTech. Visionary academic institutions such as S P Jain Global School of Management are nurturing grounds for thinkers of the future. It is thus, an obvious decision on our part to collaborate with the institution and facilitate its students to the best of our abilities.”

    Elaborating on the areas of collaboration, Vikram Pandya, Director – FinTech S P Jain Global said, “Rubique is undoubtedly India’s most technologically superior FinTech organization, and its ONLINE PLUS model has set a new paradigm for loans and credit card processing with new data science methodologies. We are pleased to team up with them as a strategic partner for our new FinTech courses. The courses are aimed at exposing students to the latest technical innovations in the FinTech domain from the most future-ready company.”

    Apart from the aforementioned areas of collaboration, Rubique may also participate in SPJGlobal's online campus placement program. Rubique, which has been on a mission to transform the archaic lending process in India through technological advancements since its inception in 2014, envisions this opportunity as a chance to enrich the traditional academic learning landscape as well, with industrial insights and global innovations in the FinTech domain. 
    About Rubique

    Fintech Company Rubique is the leading marketplace lending platform in India. The platform empowers individuals & SMBs with an easy & smoother access to finance through wide range of loan, credit card & insurance products. Built on proprietary matchmaking algorithm, Rubique’s marketplace platform has been integrated with financial institutions’ systems for real time processing & for providing online approvals to the customer. The advance technology solution not only reduces the processing time significantly but the data analytics done on hundreds of data points helps to bring predictability & assess creditworthiness offering best deal to their customer. The company has successfully marked a 48.8% growth in comparison to FY 2016-17 with cumulative loan approval rate for retail and SMB credit rises to over 60%.

    About SP Jain School of Global Management

    SP Jain School of Global Management is a leading business school of Indian origin that offers an Australian degree.

    It has campuses in Dubai, Singapore, Sydney and Mumbai. Their Full-Time MBA and Global MBA programs have significant recognition as evinced through global rankings.

    • Forbes: Top 10 Best International 1 Year MBAs (2015 – 16)
    • The Economist: Top 100 Fulltime MBAs worldwide (2015)
    • Forbes: Top 20 Best International Business Schools (2013 - 14)
    • Financial Times: Top 100 Global MBA programs (2011 and 2012)
    The school is accredited by the Tertiary Education Quality and Standards Agency in Australia and is licensed by the Knowledge and Human Development Authority of the Dubai government.

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    Business Wire IndiaOnePlus today announced its first wave of Diwali sale, with attractive offers and discounts on OnePlus 5 and OnePlus 3T to help consumers make the most of the festive season.

    During the first round of its pre-Diwali sale, the company's flagship device — OnePlus 3T will be available at a special price of only Rs. 24,999 against the regular price of Rs. 29,999 on Amazon.in. The promotion offer will be rolled out on the 21st of September 2017 and continue till the 24th of September 2017.

    During the 4-day promotion period, customers can also avail additional cashback offer of Rs. 1500 on HDFC bank credit and debit cards and up to 12 months of zero EMI on OnePlus 5 and OnePlus 3T. Moreover, on the purchase of OnePlus 5 during this period, customers are eligible for extra Rs. 3,000 off on exchange of their old phone and domestic and international travel vouchers from Cleartrip worth Rs. 25,000.

    Alternately, customers purchasing OnePlus 5 from oneplusstore.in will get free accessories such as sandstone cover and tempered glass.

    Speaking on the occasion, Vikas Agarwal, General Manager, India at OnePlus, said, ‘’We are excited to announce our first wave of offers at the onset of this festive season, giving more reasons to the OnePlus fans to celebrate. OnePlus 3T is now available for Rs. 24,999, making it the best buy under 25K. Diwali is the most auspicious time of the year and we hope to be the go-to choice for those looking to gift and own premium smartphone experience with best-in-class design and performance.”

    According to the recent Mobile Industry Consumer Insight (MICI) report by CyberMedia Research, OnePlus emerged as the ‘Most Recommended Brand’ In India. The MICI survey findings also indicate that OnePlus has scored high on various parameters, commanding a very high loyalty amongst its users, emerging as a highly recommended brand with a high resale value. As per the recent IDC Q2 2017 market report, OnePlus is among top 3 premium smartphone brands in India.
    About OnePlus

    OnePlus is a global mobile technology company challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans.

    For more information, please visit oneplusstore.in

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    Business Wire India

    Andersen Global announces its expansion into Uruguay through a Collaboration Agreement with Fischer & Schickendantz, one of the country’s leading law firms. The addition of Fischer & Schickendantz continues Andersen Global’s expansion and robust presence within the Latin American region. The team is led by Managing Partner, Juan Federico Fischer.

     

    “The addition of Juan Federico and the individuals at Fischer & Schickendantz bring a new depth to our team and our business development efforts in South America, while allowing us to deliver additional services in the region,” said Andersen Tax CEO, Mark Vorsatz. “Uruguay is the next major step in our firm’s growth and is an excellent complement for Andersen Global. The ability to provide a full scope of services in Uruguay offers significant advantages, especially given their large cross border client base and Uruguay’s increase in foreign investments as well as the equal treatment the country provides to both foreign and local investors.”

     

    Fischer & Schickendantz was founded in 2009 and has grown to an excess of 60 professionals in legal, tax and accounting. The firm provides services to corporate leaders, both in Uruguay and globally and is divided into the following core units: Corporate, Real Estate, Litigation, Tax & Incorporation, Immigration Law and Agribusiness. The professionals at Fischer & Schickendantz provide services in a number of practice areas, including mergers & acquisitions, contracts, farmland investment, accounting, public law, litigation & arbitration, and mining.

     

    Juan Federico Fischer commented, “Our firm’s culture focuses on a commitment to service and we strive to meet the needs of our clients in innovative ways. This alignment positions us to grow and extend our reach within Latin America and internationally. Joining Andersen Global is an incredible opportunity for our clients, our firm, and our people, and it supplements the current services we provide.”

     

    Andersen Global has a presence in 70 locations worldwide and more than 2,000 professionals through its member firms and collaborating firms.

     

     

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    Business Wire India

    Visa (NYSE:V) today announced its global Team Visa roster for the Olympic and Paralympic Winter Games PyeongChang 2018, comprised of over 40 Olympians and Paralympians from 17 countries, including Mikaela Shiffrin (USA), Chloe Kim (USA), Mark McMorris (Canada), Gus Kenworthy (USA), Oksana Masters (USA), Lee, Sang Hwa (South Korea), Kamil Stoch (Poland), and Hilary Knight (USA). This team of Olympic and Paralympic hopefuls represent a diverse group of individuals representing a range of sports, from snowboarding and speed skating to ski jumping and figure skating.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170920005473/en/

     
    Visa is excited to announce the #TeamVisa roster of athletes who are going for gold at #PyeongChang2 ...

    Visa is excited to announce the #TeamVisa roster of athletes who are going for gold at #PyeongChang2018. (Photo: Business Wire)

    A global Olympic partner for more than 30 years and Paralympic partner since 2003, Visa founded its Team Visa program in 2000, with the aim of providing athletes with the tools, resources and support they need to achieve their lifelong dreams, both on and off the field of competition, regardless of their origin or background. Today, Team Visa is unified by athletes who embody Visa’s values of acceptance, partnership and inclusion, with athletic talent matched equally by their character.

     

    “We are excited to welcome all of our Olympic and Paralympic athletes to Team Visa and we think this roster is the perfect embodiment of what the Visa brand stands for, as these athletes push boundaries every day in everything they do,” said Chris Curtin, chief marketing innovation and brand officer at Visa Inc. “Team Visa athletes remain at the heart of Visa and we are excited to cheer them on in their pursuit of Olympic and Paralympic Gold in PyeongChang.”

     

    The following athletes officially joined Team Visa ahead of PyeongChang 2018:

     
    • Mikaela Shiffrin (USA, Alpine Skiing): After making history at the Olympic Winter Games Sochi 2014 as the youngest American to win Olympic Gold in Slalom, Mikaela is looking to solidify her place in Olympic Winter Games history by winning more Olympic medals than any other female alpine skier. During PyeongChang 2018, she is determined to compete in four individual events and the team competition.
    • Chloe Kim (USA, Snowboard – Halfpipe): As a 13 year-old, Chloe qualified for the Olympic Winter Games Sochi 2014 and would have been a favorite to win Gold, but by rule was too young to compete. At the Olympic Winter Games PyeongChang 2018, as a first generation Korean American, Chloe is looking to win her first Olympic Gold medal in her parents’ home country. The Southern Californian teen has quickly become the sport’s biggest star aiming to make her Olympic Winter Games mark in PyeongChang.
    • Mark McMorris (Canada, Snowboard – Slopestyle & Big Air): After a near-fatal crash in back-country British Columbia in March 2017, Mark’s determination to reach the top of the podium at PyeongChang 2018 is what is fueling his recovery to push himself beyond the limits. Given that he won bronze at Sochi 2014 just two weeks after suffering a fractured rib, Mark is determined to defy the odds once again at the Olympic Winter Games, and bring home Gold in the inaugural big air event – arguably his best event.
    • Gus Kenworthy (USA, Freestyle Skiing – Slopestyle & Halfpipe): As the first openly gay action sports athlete, Gus is a trailblazer on and off the slopes. In his Olympic Winter Games debut in Sochi 2014, Gus earned a Silver medal in the inaugural slopestyle event, and has his sights set on reaching the podium in both slopestyle & halfpipe at PyeongChang 2018. Off the slopes, Gus is a major advocate for the LGBTQ community, hoping to inspire others to be confident and open about their sexuality.
    • Lee, Sang Hwa (South Korea, Speed Skating): As a two-time Gold medalist, Lee, Sang Hwa is always pushing past her own limits on and off the ice. She was inspired to skate by her brother, but her parents could only afford to support one child in pursuit of the Olympic Winter Games dream, driving her to work harder to push past her personal boundaries. In 2018, Sang Hwa hopes to do what only one other Olympian has done – win a Gold medal in three consecutive Olympic Winter Games. With PyeongChang 2018 being held on her own turf, she is inspired more than ever to reach the top of the podium.
    • Kamil Stoch (Poland, Ski Jumping): Born and raised in Zakopane, a Polish ski resort, Kamil Stoch learned to ski when he was three years old, and started jumping just one year later. By the time he was sixteen, Stoch made his World Cup debut and two years later he competed in his first Olympic Winter Games. At Sochi 2014, Stoch won two individual Golds, making him the third ski jumper in history to win both individual events.
    • Oksana Masters (USA, Para cross-country skiing & Para biathlon): Oksana was born with complications that later were linked to nuclear radiation exposure and she was given up for adoption at a Ukrainian orphanage. Needless to say, the now three-time Paralympian has been defying all odds since birth. Oksana has three Paralympic medals under her belt (2 Bronze and 1 Silver), and is hungry for her first Gold at PyeongChang 2018. She’s also hoping to make history. After missing the medal podium by 3 seconds in 2014, Oksana is aiming to be the first US athlete at the Olympic or Paralympic Winter Games to medal in Biathlon.
    • Hilary Knight (USA, Ice Hockey): Hilary was a member of the United States Women’s Ice Hockey Team that won Silver medals at the Olympic Winter Games Sochi 2014 and Vancouver 2010, and is hoping to bring home her first Gold at PyeongChang 2018. Off the ice, Hilary is a leading advocate in the fight for equal compensation for female ice hockey players and also made history in 2014 when she became the first female skater (non-goalie) to practice with an NHL team.


    Additional Team Visa athletes from around the globe include:

     
    • North America:Sarah Hendrickson (USA, Ski Jumping), Maggie Voisin (USA, Freestyle Skiing – Slopestyle), David Wise (USA, Freestyle Skiing – Halfpipe), Jamie Anderson (USA, Snowboard – Slopestyle & Big Air), Travis Gerrits (Canada, Freestyle Skiing – Aerials), Charles Hamelin (Canada, Short Track Speed Skating), Mac Marcoux (Canada, Para alpine skiing), Scott Moir (Canada, Figure Skating), Spencer O’Brien (Canada, Snowboard – Slopestyle & Big Air), Tessa Virtue (Canada, Figure Skating)
      • Not Competing: Meryl Davis (USA, Figure Skating), Charlie White (USA, Figure Skating)
      • Retired:Angela Ruggiero (USA, Ice Hockey)
    • Asia:Park, Seung Hi (South Korea, Speed Skating), Beibei Chu (China, Para cross-country skiing), Han Cong (China, Figure Skating), Sui Wenjing (China, Figure Skating), Han Tianyu (China, Short Track Speed Skating), Zhang Yiwei (China, Snowboard – Halfpipe), Sara Takanashi (Japan, Ski Jumping), Noriaki Kasai (Japan, Ski Jumping), Park, Caroline (South Korea, Ice Hockey), Lee, Sang Ho (South Korea, Snowboard – Parallel Slalom), Lim, Hyo Jun (South Korea, Short Track Speed Skating), Jung, Seung Hwan (South Korea, Para ice hockey) , Michael Christian Martinez (Philippines, Figure Skating)
    • Europe: Ester Ledecka (Czech Republic, Alpine Skiing & Snowboard – Parallel Slalom), Roope Tonteri (Finland, Snowboard – Slopestyle & Big Air), Elise Christie (Great Britain, Short Track Speed Skating), Billy Morgan (Great Britain, Snowboard – Slopestyle & Big Air), Peter Fill (Italy, Alpine Skiing), Marcus Kleveland (Norway, Snowboard – Slopestyle & Big Air), Maxim Trankov (Russia, Figure Skating), Tatiana Volosozhar (Russia, Figure Skating), Stina Nilsson (Sweden, Cross-Country Skiing), Patrick Burgener (Switzerland, Snowboard – Halfpipe)
    • Africa:Brolin Mawejje (Uganda, Snowboard – Slopestyle & Big Air)
    • South America:Dominique Ohaco (Chile, Freestyle Skiing – Slopestyle)


    Tickets are currently available for purchase directly through the PyeongChang 2018 ticketing website for residents of Korea (including registered Non-Koreans residing in Korea) or through PyeongChang 2018’s Authorized Ticket Resellers for international residents. Starting from November, tickets will also be available on sale at outlets and main ticket centers in Korea. For more information on PyeongChang 2018 tickets, please visit: https://tickets.pyeongchang2018.com/

     

    For additional information on Team Visa, follow along at @VisaNews on Twitter and visit www.visa.com.

     

    About Visa Inc.

     

    Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

     

     
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    Business Wire India

    OT-Morpho, a world leader in digital security and identification technologies, announces that it has been selected by Deutsche Telekom AG (DTAG), a leading mobile network operator, to provide the first group wide subscription management solution, which has recently ensured the first commercial launch of a GSMA Phase 2 compliant consumer eSIM device in Germany and Croatia.

     

    DTAG’s choice relies on OT-Morpho’s highly innovative positioning and readiness on this technology and furthermore its engagement with major OEMs as a supplier of eSIMs. Indeed, OT-Morpho’s subscription management platform enables the secure download of the subscription into an eSIM, embedded or removable, already present in a device while ensuring the complete confidentiality and security of network data.

     

    OT-Morpho’s platform offers remote subscription provisioning services that are fully compliant with GSMA Phase 2 specifications for profile generation and profile management in the consumer market space, and is capable of managing eSIM profiles for all connected affiliates in the DT group. Thanks to the platform, end-users will be able to easily add compliant devices to a subscription.

     

    The service will also be launched in all European affiliates of the DT group in the coming months.

     

    “OT-Morpho has proven on several occasions, including contribution to standardization bodies and preliminary testing, its capabilities and motivation to drive technology and thus has proven to be the right partner for this project” said Arnd Gallmann, VP Terminal Technology at DTAG. “Our customers will enjoy a seamless experience on a multitude of devices that can be easily added to existing subscriptions, for example. In addition, it anticipates the surge in subscription for the growth of the Internet of Things market and the design of new applications and services.”

     

    “OT-Morpho is honored to support DTAG Group in implementing this technology of such a strategic importance. The subscription management solution is indeed at the heart of our innovation and our technology has convinced DTAG to be the most advanced solution on the market,” declared Pierre Barrial, OT-Morpho, Managing Director of the Mobile Network Operators activity at OT.

     

    OT-Morpho is a world leader in digital security & identification technologies with the ambition to empower citizens and consumers alike to interact, pay, connect, commute, or travel in ways that are now possible in a connected world.

     

    As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in security and identity technologies and offer customized solutions to a wide range of international clients from key industries, including Financial services, Telecom, Identity, Security and IoT.

     

    With close to €3bn in revenues and more than 14,000 employees, OT-Morpho is the result of the merger between OT (Oberthur Technologies) and Safran Identity & Security (Morpho) completed on 31 May 2017. Temporarily designated by the name "OT-Morpho", the new company will unveil its new name in September of this year.

     

    For more information:
    www.morpho.com and www.oberthur.com
    Follow @Morpho and @OT_TheMcompany on Twitter.

     

     

     

     

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    Business Wire India

    Interactive Brokers Group, Inc. (NASDAQ GS:IBKR), the largest US electronic broker based upon daily average revenue trades, announced that it has agreed to make a strategic investment in Tiger Brokers, an online stock brokerage startup established for global Chinese retail and institutional clients.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170920005805/en/

     

    “Interactive Brokers enthusiastically supports newly developing enterprises in the capital markets in Asia Pacific. Tiger has established one of the best initiatives that has come to our attention. They have superb management and technological knowhow,” said Thomas Peterffy, Chairman and CEO of Interactive Brokers. “We had an excellent experience working with their developers and believe that they are building a sound platform.”

     

    Interactive Brokers Managing Director for Asia Pacific David Friedland added, “Tiger has proven to be innovative, driven and most capable of providing their clients with tools to ease access into global markets. They recognize the importance of best execution, a global offering and doing what is best for the end client. What they are building is quite exciting.”

     

    Wu Tianhua, founder of Tiger Brokers said, “with support from IB since 2014, Tiger has been able to focus on building an exceptional user experience. It is reassuring to know that Interactive Brokers recognizes our technical strengths and potential. We are looking forward to a long and mutually rewarding relationship.”

     

    He also noted, “by expanding and strengthening the collaboration with Interactive Brokers, we will continually secure a leading position in the Fintech market to provide U.S. stock brokerage service to the global Chinese community.”

     

    About Interactive Brokers Group, Inc.

     

    Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IB Universal Account℠ to customers worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron’s Best Online Brokers review, March 20, 2017. We strive to provide customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.

     

    About Tiger Brokers

     

    Founded in 2014, Tiger Brokers is an online stock brokerage. Tiger Brokers’ securities business covers major international markets including U.S. stocks, Hong Kong stocks, and A shares (SH/SZ-HK Stock Connect). Product offerings include stocks, options, bonds, ETFs, and foreign exchange. In June 2017, Tiger was recognized by New York based research outfit CB Insights and awarded “2017 Fintech 250” at the “Future of Fintech” Conference. The company was also listed as one of the “Leading Fintech Top 50” by KPMG China in 2016.

     

     

     

     
    MULTIMEDIA AVAILABLE :
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    Business Wire India

    Prestige Falcon City
    Prestige Falcon City

    After a successful debut in 2016, and an overwhelming response from customers, The Prestige Group, India’s largest developers, is all set to present the second edition of their solo expo ‘KEYS’ 2017. The event will showcase Prestige Group’s entire collection of existing as well as ongoing properties across South India. Over 40 developments across the 5 cities of Bengaluru, Chennai, Hyderabad, Kochi and Mangalore will be showcased at 1 location – ITC Gardenia on September 23rd, 24th and 25th, 2017 between 10am and 8pm.

    The Prestige Group is reputed for providing dream homes to thousands of families for over 30 years now. KEYS 2017 aims to continue the legacy by delivering a wide range of projects including ready to move-in villas, ready to move-in apartments and ongoing projects that are scheduled to be completed within the next 18 months. KEYS 2017 promises homebuyers a medley of joyful offers, lucky draws, spot surprises and unique financial schemes.

    Commenting on the upcoming event, Mr. Swaroop Anish - Executive Director, Business Development, Prestige Group said, “In the last few months, the Indian economy has experienced several landmark changes in terms of regulations and policies. RERA has reassured customers that they will be protected and there will be transparency and accountability from the developer’s end. These laws and regulations have only strengthened Prestige Group's position in the market, as we were already following all the guidelines prescribed under RERA as a matter of norm, long before RERA came into effect. In fact, all our ongoing projects that will be showcased at KEYS 2017 have been logged in for RERA Registration and most of the projects are approved.

    In the Indian context, housing is a significant need. With rapid urbanization, the demand for housing will always persist in the affordable and mid-income group segments. As long as developers are able to produce homes between fifteen lakhs to a hundred lakhs, there will always be a constant demand. Hence, despite the magnitude of changes implemented, the real estate sector will continue to thrive.

    Today, homebuyers choose Prestige as we have not only succeeded in consistently providing the highest standards of living to thousands of satisfied homeowners, but have also given strong return on investment on all developments till date. ‘KEYS’ is a tribute to the thousands of keys that we have handed over to our customers in the last three decades. I invite all aspiring homebuyers and investors from across South India, to come and unlock their dreams at this event.”About The Prestige Group

    Over the last decade, the Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India by imprinting its indelible mark across all asset classes. Founded in 1986, the group’s turnover is today INR 4862 crores. A leap that has been inspired by CMD Irfan Razack and marshaled by his brothers Rezwan Razack and Noaman Razack. Having completed more than 210 projects covering over 80 million sft, currently the company has 53 ongoing projects covering 54 million sft and 35 upcoming projects aggregating to 48 million sft of world-class real estate space across asset classes. In October 2010, the Prestige Group also successfully entered the Capital Market with an Initial Public Offering of Rs. 1200cr. The Market Capital of the company is INR 8,178 Cr (NSE – 31 March 2017).

    Now with over 150 landmark developments across the city, the company has extended its expertise to major cities across South India including Chennai, Hyderabad, Kochi, Mysore, Mangalore and Goa. Giving each city an unparalleled experience with landmark malls on the lines of ‘The Forum’, large townships, tech parks, hotels, luxury villas, and SEZs.

    Prestige is the only CRISIL DA1 rated Developer in India and was also awarded the financial rating of A+ by ICRA. They have also won a plethora of international and national awards over the last decade, across categories, including the Asia Pacific Property Awards, Asia Pacific Hotel Awards, Cityscape Awards, Indian Realty Awards, Srishti Good Green Governance Awards, Pevonia Asia Spa Awards, Builder’s Association of India (BAI) and Confederation of Real Estate Developers’ Associations of India (CREDAI) Awards, and many more. They have been winning the coveted FIABCI World Prix d’Excellence Award year on year for their residential and commercial developments and were the only developer from India to win it in 2016 for their landmark luxury residential development, Prestige Silver Oak.

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    Business Wire India

    • Offers fastest approval and same day disbursal
    • Special interest rates valid till 25th September 2017
    Personal loan aspirants have got more reasons to cheer ahead of this festival season as Bajaj Finserv announces reduced interest rate on personal loan at 11.99%. Bajaj Finserv, India’s most diversified financial services company through its lending and investment arm, Bajaj Finance Ltd, will offer this special interest rate on a loan value of Rs. 12 lakh and above.
     
    Loans amount of Rs. 8 lakhs to Rs. 11.99 lakhs can be availed at an interest rate of 13.49%, and loans between 5 lakh and 7.99 lakh at 13.99%. This limited period offer is valid till 25th September, 2017. Bajaj Finserv will offer fastest approval and same day disbursal to existing and new customer in this limited period.
     
    What makes this a lucrative offer?
     
    A personal loan that is approved in minutes and disbursed within 24 hours offers a number of conveniences:
    1. Tackles last-minute expenses easily
    2. Addresses emergency needs for finances
    3. Meet monetary deadlines without any hassles, such as submitting education fees for your child
    Benefits of Bajaj Finserv personal loan
     
    High loan amount
    Whether it is an unforeseen medical expenditure or funding child’s higher education, Bajaj Finserv Personal Loan gives an access to funds up to Rs.25 lakh. There is absolutely no restriction on how the amount is used.
     
    Flexible tenure
    To ensure that the loan doesn’t become a financial burden, Bajaj Finserv offers a flexible tenure that ranges from 24 months to 60 months. Depending on the repayment ability, applicant can pick a tenure that is best suited.
     
    Pre-approved offers
    If you’re an existing customer with Bajaj Finserv, getting access to a personal loan is even easier. The loan will be available to you on a pre-approved basis.
     
    Minimal documentation
    An Indian citizen in the age bracket of 25 to 55 years can apply for Bajaj Finserv Personal Loan with great ease. A handful of documents including bank details, KYC documents and proof of employment to apply for the loan. The minimal documentation speeds up the application process further.
     
    Personal Line of Credit (LOC)
    ATMs offer incredibly easy access to money no matter where you are or how much money is required. A Line of Credit from Bajaj Finserv operates in a similar manner. It works like a credit facility allotted to consumer for a specified amount. Consumer is free to withdraw and use any amount of money within this allowed limit and is liable to pay interest only on the amount withdrawn. This is a loan where you only pay the interest amount as EMI
    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

    Wells Fargo and Habitat for Humanity (HFH), India announced today that they have collaborated to build homes for families impacted in the 2015 Tamil Nadu floods. Several families had lost their homes in the devastating rainfall that led to heavy flooding and massive damage. To improve the living conditions of these impacted families, Wells Fargo partnered with Habitat for Humanity, India, a non-profit organization, and donated INR 22, 00,000 (USD 34,000) toward building disaster-resilient homes in Erumaiyur, Kancheepuram district, Chennai.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170920005944/en/

     
    Wells Fargo team turns over keys to one of the flood affected families in a dedication ceremony orga ...

    Wells Fargo team turns over keys to one of the flood affected families in a dedication ceremony organized by Habitat for Humanity. (Photo: Business Wire)

    Keys to the homes were handed over to the families in a dedication ceremony held at Erumaiyur in Kancheepuram district, Chennai. Vinod Mannattil, site leader, Wells Fargo Enterprise Global Services (EGS) India, Chennai, who was present on the occasion said, “Community development & environmental sustainability have always been a long-standing Wells Fargo vision. As we continue to strengthen our presence in Chennai, one of our key focuses will be to create a positive impact on our communities through our corporate sustainability and green programs. We wish the Erumaiyur families in Kancheepuram district a happy and healthy future.”

     

    Mr. Mannattil, accompanied by Sanjula Bai, head of Corporate Sustainability for Wells Fargo EGS, India, Joe Francis, property manager for Wells Fargo EGS India, and Samuel Peter, Director - Disaster Response, Program & Operations, Habitat for Humanity, India, handed over keys to the families and interacted with the local community.

     

    Speaking about the initiative, Managing Director, Habitat for Humanity, India Mr. Rajan Samuel said, “As part of rebuilding lives of those affected by the floods, our efforts began with immediate relief. Habitat for Humanity, India has been instrumental in rebuilding the lives of families affected by the floods. We thank Wells Fargo EGS India, who came forward and enabled us to reach out to the families in need. The responsibility is on each one of us, to do whatever we can, to show that we care.”

     

    Speaking about the trauma her family went through during the devastating time, Anjalai Ramu said “We lost everything in the floods, our house was destroyed. My husband and I took our kids on our shoulders and walked away leaving everything behind only to save our lives. We settled in a temporary shelter for nearly four days and had no money in our hands.” Anjalai lives in Erumaiyur Kancheepuram district, Chennai with her husband Ramu and her two children, Harini and Rahul. Her husband works as a motor technician in a nearby theme park, and she sells flowers to make a living.

     

    The partnership between Wells Fargo EGS, India and Habitat for Humanity, India has served 20 people in the village like Anjalai Ramu, and has given them a stable foundation to rebuild their future. Prakriti Panwar, head of Corporate Sustainability for Wells Fargo EGS, India said, “Wells Fargo strives to create positive lasting impact in communities where we work. As Chennai recovers from these calamities, we also give our commitment to stand by and help in that rebuilding effort. Thanks to Habitat for Humanity, we know that our contribution will not only rebuild infrastructure but reunite and rebuild families.”

     

    Background Notes

     

    In the month of November 2015, floods in Tamil Nadu devastated the lives of families. 421 people lost their lives and over 30 lakh families suffered total or partial damage to their homes. Habitat for Humanity India began its relief operation in Tamil Nadu ever since the calamity hit in the month of November 2015. In Phase 1, Habitat for Humanity India distributed food and water to 12,476 individuals. In Phase 2, Habitat distributed Humanitarian Aid Kits to 7000 families. The relief work is currently in its third phase and Habitat for Humanity India and has impacted more than 48,146 individuals by repairing and building new home for the affected families.

     

    About Wells Fargo

     

    Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 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 271,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

     

    About Wells Fargo Enterprise Global Services (EGS) - India

     

    Wells Fargo Enterprise Global Services (EGS) is a critical component of Wells Fargo’s (Wells Fargo Bank, N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS - India (Wells Fargo India Solutions Private Limited and Wells Fargo International Services Private Limited) is primarily an extension of the technology, operations, knowledge services, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have more than 9,500 team members across their offices in Hyderabad, Bengaluru, and Chennai.

     

    About Habitat for Humanity India

     

    Habitat for Humanity India’s vision is a world where everyone has a decent place to live. Anchored by the conviction that safe and affordable housing provides a critical foundation for breaking the cycle of poverty, Habitat works with low-income, marginalized families to build homes, provides housing-related services and raises awareness for adequate housing and sanitation.

     

    Since its inception in 1983, Habitat for Humanity India has touched the lives of over 10,04,850 individuals across 20 states of our country. Habitat for Humanity India is part of Habitat for Humanity International - a global non-governmental organization that seeks to eliminate poverty housing and to make adequate shelter a matter of conscience and action. The core area of Habitat’s work in India is: Decent Shelter, WASH (Water, Sanitation and Hygiene), Disaster Risk Reduction and Response.

     

    Habitat for Humanity works with people of all backgrounds, races and religions to build houses together in partnership with families in need. Habitat India’s long term strategic goal for 2015-20 is to impact the lives of 25,00,000 individuals in their dream of living in a safe and a decent home.

     

    For more information, visit www.habitatindia.in

     

     

     

     
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    Business Wire India

    Experts discuss actionable ideas for energy inclusion through Pay-As-You-Go in India at the Solar Leadership Series 1.0 by Greenlight Planet. Above (from L to R): Rajeev Palakshappa (IFC), Rajpal Duggal (Oxigen Services India), Harihara Mohapatra (CLEAN), Vivek Tiwari (Satya Microcapital) and Alexie Seller (Pollinate Energy)
    Experts discuss actionable ideas for energy inclusion through Pay-As-You-Go in India at the Solar Leadership Series 1.0 by Greenlight Planet. Above (from L to R): Rajeev Palakshappa (IFC), Rajpal Duggal (Oxigen Services India), Harihara Mohapatra (CLEAN), Vivek Tiwari (Satya Microcapital) and Alexie Seller (Pollinate Energy)

    The Solar Leadership Series, a proprietary event by Greenlight Planet brought together experts from across industries to explore the potential of Pay-As-You-Go (PAYG) technology in achieving energy inclusion. Aptly titled “Pay-As-You-Go: The Panacea for Energy Poverty”, this first-of-its-kind event was aimed at accelerating the pace of PAYG adoption in India. The event saw Rajpal Duggal – Oxigen Services India, Charu Chadha - GSMA, Johanna Diecker - GOGLA, Harihara Mohapatra - CLEAN, Vivek Tiwari - Satya Microcapital, Rajeev Palakshappa - IFC, Alexie Seller - Pollinate Energy, Vibhuti Garg - IISD and PAYG veteran Sanjay Bharti contribute as panelists.
     
    With 240 million Indians still living off the grid, the lack of access to reliable, affordable energy, as well as limited solar financing options remain a major barrier to development. Greenlight Planet’s own PAYG technology-enabled products (EasyBuy), has seen exponential growth in Africa since its introduction in 2015. Says Dhaval Radia, Global Business Leader at Greenlight Planet, “EasyBuy benefits everyone involved. For financing partners, it reduces the credit risk involved with technology that shuts down the devices on non-payment, and for off-grid customers, it enables them to access consumer financing, aligned with their incomes and build credit history. Once they build credit history with timely repayment of these basic solar devices, it unlocks huge market of potential consumers that are currently out of the financial system. From our experience in Africa, we’ve learnt that for PAYG technologies to work, it is essential to build an ecosystem of strategic partnerships involving distribution networks, digital payment providers and financial institutions. As we entered the Indian market, the Solar Leadership Series was born as a way for us to reach across the board and build scalable business solutions together.”
     
    The first panel discussion, “Digitization of Distribution and Financing Channels through Pay-As-You-Go” saw optimism in the extensive possibilities PAYG has to offer. “PAYG, with its unique data analytics advantage allows for a better understanding of customer demographics and repayment rates. This can be used to make better lending decisions by financial institutions,” said Johanna Diecker. Sanjay Bharti said that he believes PAYG could be a big push for digitization, adding “PAYG's digitised operations leads to a better product design, optimization of operations and a more controlled supply chain mechanism.”
     
    The second panel discussed “Linking Energy Inclusion and Distribution Channels for BoP”. Rajpal Duggal said “Since access to clean lighting is a critical need, we may see mobile wallet use increase in India’s BoP market.” Vivek Tiwari added, “PAYG solar opens the market for small distribution companies providing solar solutions in remote rural areas.” Alexie Seller hailed PAYG as a complete package for addressing energy poverty, “The key success of PAYG in India will be real-time information exchange between solution providers and consumers.”
     
    The Solar Leadership Series 1.0 reinforced Greenlight Planet’s belief that Pay-As-You-Go is the financing revolution waiting to transform clean energy access. The company has completed a series of successful EasyBuy pilots in India, and is planning to scale these learnings across current and potential partners. The next event in the Solar Leadership Series will be scheduled shortly as Greenlight Planet expects to get a deeper into understanding the challenges and way forward for the PAYG industry. About Greenlight Planet

    Greenlight Planet has sold over 7 million Sun King solar home energy products to off-grid households around the world. Greenlight Planet reaches remote, off-grid customers through a unique business model involving a vast network of micro entrepreneurs, more than 400 global strategic distribution partners, and its proprietary EasyBuy (“pay-as-you-go”) installment payment technology that makes safe, high-quality solar energy products affordable for all. Winners of 2016 Ashden Awards, Greenlight Planet is currently present in 60+ countries and serves over 25 million consumers. Find out more at https://www.greenlightplanet.com

    About EasyBuy

    https://www.greenlightplanet.com/easybuy/

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    Business Wire India

    Left to right: Ashish Goyal (CFO), Akshay Mehrotra (CEO)
    Left to right: Ashish Goyal (CFO), Akshay Mehrotra (CEO)

    • India’s First Mobile App for Instant Cash, EarlySalary will offer instant loans to young working professionals
    • Get instant salary advance in 10minutes
    • Now available in 11 cities

    EarlySalary.com, a Fintech startup, today announced the launch of its operations in Visakhapatnam, Mysore and Vijayawada after a successful series of launches in Pune, Bangalore, Chennai, Mumbai, Hyderabad, Delhi NCR, Jaipur & Ahmedabad. This multi-city launch will create a distinguished presence of EarlySalary across 11 major cities in India. EarlySalary aims to support young professionals overcome their month-end financial needs. The company provides instant loans from as low as Rs. 8,000 up to Rs. 1,00,000/- for up to 30 days. The app has received nearly one million downloads in a short span of time across Android & iOS mobile app platforms and has disbursed 42,000 loans to customers till date worth Rs. 60Cr. The company believes that there is a high dependency on friends & family for short term needs of youngsters and EarlySalary is here to remove that embarrassment of asking friends and family.
     

    Visakhapatnam, Mysore & Vijaywada have seen an increase in the number of internet and smartphone users over the past few years. EarlySalary sees a huge potential in these three markets due to a large number of working professionals settling down here. The company’s management decided to launch in these 3 cities, owing to an overwhelming response of 8000 loan requests in the last quarter.
     

    In May 2017, EarlySalary had announced its Series – A funding of $4Million from IDG Ventures and DHFL and this has been enabling us to grow in a fast and dynamic way. Currently, the company’s growth is fueled by improved processing capabilities resulting in the ability to disburse quick loans to young working professionals within 10 minutes. 
     

    EarlySalary is a Salary Advance option which allows an individual to get an instant credit limit against his monthly salary, which is available to him anytime of the day or night. All he has to do is tap his phone to get his salary advance credited to his bank account instantly. Keeping a credit line is free for the customer. Only on disbursement, EarlySalary charges a nominal cost which works out to be less than Rs. 9 per Rs.10, 000 towards interest. The interest percentage is nearly half of a credit card. EarlySalary has already helped thousands of customers borrow without asking for help from friends and family members. EarlySalary’s unique social media based underwriting system and machine learning platform allows even a person who is New to Credit (NTC) or Customer without Credit Bureau scores to borrow.

     

    Commenting on the launch, Akshay Mehrotra, Co-founder & CEO of EarlySalary, said “We have seen a surge in demand from new employment hubs and IT cities across the country and hence, we are working towards providing a 10-minute loan service across these markets. Our current round of funding has improved our ability to help many more customers get access to instant loans and salary advances. We are working towards building a customer base of nearly 100,000 customers over the next year.”

     

    He also added saying “As we approach the festive season, we are witnessing a very high demand for our offerings across the country and we are totally geared up to fulfill this increase in demand.”

    About EarlySalary.com
     
    EarlySalary is a short term small amount Loan given to Salaried Individuals on a mobile app. These loans are similar to salary/cash advances or credit card cash withdrawal. EarlySalary is a mobile app which allows you to apply and get a loan approval within minutes and instantly get money transferred to your account. Coupled with social profiling which gives better risk assessment, helps go beyond financial underwriting and IndiaStack; EarlySalary aims to do more prudent risk assessment and lend better and is today fast becoming the fastest lender in the country. 
     
    Key Features:
    • Instant Salary Advance upto 50% of monthly Salary in under 10 minutes
    • Super Fast: 70% loans are given in under 10 minutes
    • Instant CASH: Salary advance/cash loans transferred to bank anytime instantly
    • Short duration: Cash loans from 7 days to 40 days.
    • Instant Transactions: From Rs. 8,000 to Rs. 2Lac Cash transferred to Bank
    • Shop on Amazon and Pay Later in 3 Months EMI at Zero Cost
     * Existing customer on repeat loans get 3 EMIs options and upto Rs. 2Lac limit
     
    Key Founding Members Include:
    • Akshay Mehrotra, CEO, previously served as the Chief Marketing Officer at Big Bazaar, Future Retail Limited, CMO at PolicyBazaar.com & Marketing Head at Bajaj Allianz Life Insurance
    • Ashish Goyal, CFO, is a chartered accountant by education and previously served as the Chief Investment Officer at Bajaj Allianz General Insurance.
    • Vimal Saboo, CBO, previously served as the Business Head of Edelweiss Capital and also served in senior roles at Axis Bank.
    • Vivek Jain, CTO, who previously served as the Principal Technology Architect at Infosys.
    For more information please visit www.earlysalary.com
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    Business Wire India

    Mr. Vinay Bhagwat, Promoter & Chairman of Siddharth Education Services Ltd.
    Mr. Vinay Bhagwat, Promoter & Chairman of Siddharth Education Services Ltd.
    Mr. Alok Harlalka, Director of Gretex Corporate Services Pvt. Ltd. (Book Running Lead Manager)Mr. Alok Harlalka, Director of Gretex Corporate Services Pvt. Ltd. (Book Running Lead Manager)
    Mumbai based Siddharth Education Services Ltd. is planning to enter the capital market with an IPO of 29,52,000 equity shares of Rs 10 each. Price Band is Rs 30 to Rs 36 per equity share of Face Value Rs 10 each.The Issue opens on 29th September 2017 and closes on 5th October 2017.

    The Floor Price is 3 times of the Face Value and the Cap Price is 3.60 times the Face Value. Bids can be made for a minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

    The Book Running Lead Manager of the Issue is Gretex Corporate Services Pvt. Ltd. and the Registrars to the issue are Karvy Computershare Pvt. Ltd. The equity shares offered through the Draft Red Herring Prospectus are proposed to be listed on SME platform of BSE Ltd.

    Siddharth Education Services Ltd. is a tutorial coaching services for students of professional courses and have been able to achieve a competitive position in the state of Maharashtra, with primary operations based in Mumbai. The Company has presence in the form of 4 coaching centers in Dombivli, Thane, Vashi and Dadar. It has a team of 22 faculty members. The Promoter and Chairman, Mr. Vinay Bhagwat, has a vast experience of over 20 years in the field of teaching students of professional courses. He is also the Founder of Siddharth Academy, which was established in the year 1997.

    The Company proposes to utilize the net proceeds from the issue to fund the establishing of new coaching centers. The Company has identified 10 locations. The Company also intends to utilize the fund towards such potential acquisitions of human resource training institutes and other strategic initiatives. The Company proposes to develop online learning platform and digital marketing through social media engagement. The Company also intends to deploy the balance proceeds for general corporate purposes.

    For the year ended 31st March 2017, the total revenue of the Company was Rs 496 lakhs and Profit Before Tax was Rs 147 lakh. The Net Worth of the Company was Rs 542.66 Lakh and Net Asset Value per equity share was Rs 13.90.
     
    India holds an important place in the global education industry. The education market in India is currently valued at US$ 100 Billion and is expected to nearly double to US$ 180 Billion by 2020. India has more than 1.5 million schools with over 260 million students enrolled. The country also has 751 universities and 35539 colleges. India has one of the largest higher education systems in the world. India has become the 2nd largest market for e-learning after the US. The sector is currently tagged at US$ 2 Billion and is expected to reach US$ 5.7 Billion by 2020. The distance education market in India is expected to grow at a compound annual growth rate (CAGR) of around 11% during 2016-2020. 

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    Business Wire IndiaCredit card use appears to be on the rise among urban Indian consumers. Results of an online survey released today by TransUnion CIBIL reveals that 19 percent of urban consumers say it’s likely they will apply for a credit card in the future.
     
    TransUnion CIBIL, in partnership with leading global research provider YouGov Plc, surveyed 1,088 urban Indian adults online between 13 and 18 July, 2017. That population generally skews higher on household income and education compared with the total Indian population, suggesting a greater propensity for credit card use.
     
    Still, the results demonstrate a clear increase in credit card use among urban Indian consumers over the last 12 months as more than half (57 percent) of credit card holders reported using their credit cards more often now than they did a year ago.
     
    “Our survey shows that consumers today are confident using credit for daily purchases,” said Mr. Hrushikesh Mehta, vice president and head of TransUnion CIBIL’s Direct-to-Consumer business. “We are amazed by the growth of credit card usage in India and are glad to be able to offer information for consumers about responsible credit card usage, data diligence and credit-building.”
     
    Survey respondents reported various reasons for using their credit card. When asked to select all of the ways they have used credit cards in the last 12 months, 59 percent of the survey participants said that they used their credit cards to pay bills; 53 percent said they used them for large purchases; and 45 percent used them over other forms of payment to gain discounts and other rewards.
     
    The research also shows that credit card usage varies demographically in India. The most common reason young adults ages 18-24 use credit cards over other forms of payment is because they don’t like to carry cash, as almost one quarter (24 percent) noted in the survey, compared to 14 percent of credit card holders aged 45 years and older. Comparatively, the most common reason older adults ages 45 and up use credit cards over other forms of payment is more of a traditional use – because it enables them to make a purchase now and pay for it later (33 percent). Only 13 percent of those card holders aged 18-24 selected the same as their primary use for credit cards instead of other forms of payment.
     
    Despite increased credit card reliance, not all Indian credit card holders are using their credit cards responsibly. For example, 29 percent said in the past 12 months, they spent more on the credit cards than they had budgeted and 20 percent said they have taken longer than planned to pay down credit card balances.
     
    “Credit cards have a direct impact on one’s credit score as they provide insight into how consumers make borrowing decisions,” said Mr. Mehta. “Consumers who use credit cards must be vigilant about their CIBIL score. They must take time to understand how it works and how using their credit card affects their score each month.”
     
    To help maintain a healthy credit score and financial profile while using credit cards, Mr. Mehta offers the following resources:

    • Pay on-time and in full each month: Paying bills on-time and in full is one of the main contributors to healthy credit. A surprising 56 percent of survey respondents incorrectly believe that making the minimum credit card payment each month will have a positive effect on their CIBIL score. In fact, making only the minimum payment can have a negative effect on credit, as an increase in the current balance on the card over time is an indication of an increased repayment burden. 
    • Use caution when closing accounts: About half (48 percent) of survey respondents falsely believe that closing unused credit accounts will have a positive effect on their CIBIL score. In reality, however, the effect of closing old accounts on your CIBIL score is not that simple. The impact of closing a credit card account depends in large part on the percentage of available credit the card provides and the length of credit history associated with the account. So, closing a card that represents a long credit history, or a large portion of available credit, may have a negative impact on your score.
    • Keep a close eye on your credit card bills: The additional attention to your bills can help you catch any charges you don't recognize on your statements, which could be fraudulent charges. Not only will this help you detect fraud early, but checking your credit card bills regularly will help ensure you are spending within your means.
    • Check credit reports for inaccuracies: New credit card users should get in the habit of checking their credit regularly. Doing so can help them spot any unusual or potentially fraudulent activity, and also learn how good credit management affect their credit score. TransUnion CIBIL offers one free credit report and score annually, and consumers can purchase additional subscriptions on the TransUnion CIBIL website at cibil.com.

    About the Survey
     
    All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 1,088 adults. Fieldwork was undertaken between 13/07/2017 – 18/07/2017. The survey was carried out online and all figures are based on self-reported responses among the survey respondents. The figures have been weighted and are representative of the urban population of adults in India (aged 18+). All results are based on a sample and are therefore subject to typical statistical errors of +/- 3 percentage points with a 95% level of confidence.
     
    About TransUnion CIBIL – Consumer Interactive
     
    Consumer Interactive is the direct-to-consumer division of TransUnion CIBIL, India’s largest credit information company with one of the country’s most comprehensive collections of consumer information. Our mission is to help Indian consumers access and understand the opportunities that lead to a higher quality of life by providing them with means to appreciate and manage their credit. This is achieved through a confluence of data and internet-based tools that provide consumers the most accessible, accurate credit information and promote financial literacy, inclusion and protection. We believe in the power of information to help individuals make better and smarter decisions so they can achieve their personal financial goals while contributing to the development of a stronger economy.
     
    We call this Information for Good.
     
    To learn more about TransUnion CIBIL – Consumer Interactive please visit cibil.com

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    Business Wire IndiaMyAdvo, India’s leading Legal Tech Startup has entered into an agreement with Square Capital, the digital lending arm of India’s largest real estate transaction platform Square Yards to enable loan facilitation for lawyers on its panel.
     
    Square Capital is a marketplace lending platform that aggregates the market offers from financial institutions on a single platform and help borrowers to find the right financial institution. However unlike a pure technology aggregator, it provides the end to end fulfilment support in the lending process that includes assessing the credit worthiness/risk of clients, helping them choose the right product from the appropriate lending organization, managing their documentation, advising on professional issues pertaining to taxation & insurance and assisting the client till the entire lifecycle of loan disbursement.
     
    MyAdvo, with a network of more than 10,000+ domain expert lawyers pan-India, aims to make legal simple! The Two-year old Legal-Tech startup has built an expansive legal network of domain expert lawyers to make legal accessible to the masses! MyAdvo empanelled lawyers get access to a consumer base specifically looking to redress legal grievances while using state of the art technologies developed in-house for dealing with cases, maintaining records, drafting agreements, researching case laws, etc. Legal professionals get curated information on individuals seeking immediate legal help.
     
    MyAdvo offers case management tools to legal professionals and law firms to manage their practice and assists by providing practice management technologies which specifically facilitate activity tracking, matter & expense management, reports and analytics, client management, invoicing and payment tracking.
     
    Square Capital currently facilitates USD 30- 40Mn(INR 200cr – INR 260cr) of loan disbursals every month, contributed majorly by secured mortgages spread across 50+ banking partners for their different products in home loan, loan against property and business loan.
     
    This exclusive tie-up will benefit MyAdvo registered lawyers in receiving immediate loan solutions without any hassle. This affiliation between Square Capital and MyAdvo shall extend to an implied partnership between the companies in future events, promotions, seminars, etc. Square Capital provides multiple types of lending solutions and manages the borrowing process for clients. It assists clients in choosing the right product from the appropriate lending organization.
     
    MyAdvo aims to make legal simple for laypersons and legal professionals, alike. Through this association, MyAdvo undertakes to facilitate financial assistance and aides to its registered Legal Professions! Through this association, the Legal Tech Start-up establishes the value their relationship with their empanelled lawyers holds for them.
     
    From lawyer discovery to price transparency, MyAdvo utilises technology to make the Indian legal system more efficient. With the latest development, MyAdvo is set to change the face of legal by integrating finance industry into legal-tech industry.

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