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    Business Wire India

    • Bentall Kennedy advanced to #1 overall in Canada across all property types and 2nd globally in the Diversified category
    • MEPT/Edgemoor Fund advised by Bentall Kennedy continues to be ranked top 3 in the world in the Diversified Category

    For the eighth consecutive year, the Global Real Estate Sustainability Benchmark (GRESB) has ranked Bentall Kennedy among the top firms in the world for its commitment to investing sustainably. Bentall Kennedy retained its position as a top global leader in sustainability on the strength of its collaboration with clients and tenants, and its employees’ commitment to driving innovation in asset and property management.

     

    For 2018, Bentall Kennedy ranked as the top firm in Canada and the 2nd globally among diversified firms. In addition, MEPT/MEPT Edgemoor LP, the U.S. core open end fund strategy advised by Bentall Kennedy, continues to be ranked top 3 globally in its category (Global – Diversified). The 2018 GRESB survey included 903 entities (+6% from 2017) covering 79,000 assets with an aggregate value of USD $3.7 trillion.

     

    "Given the increased competition globally, we are extremely proud that the most recent GRESB results continue to demonstrate Bentall Kennedy’s worldwide leadership position in the area of sustainable investing in real estate,” said Gary Whitelaw, Chief Executive Officer for Bentall Kennedy. “For the past 8 years, our clients’ and employees’ commitment to excellence in sustainability has driven an enterprise-wide effort that recognizes the importance of sustainability in generating strong performance over the long term for our client portfolios."

     

    GRESB ranks companies and funds on sustainability performance in a number of environmental, social and governance categories, including management practices, reductions in energy, water, and waste consumption, green building certifications, and engagement programs with employees and tenants.

     

    "For an eighth consecutive year, Bentall Kennedy has demonstrated an outstanding commitment to integrating sustainability into their investment process. Their efforts serve as an example to others and we are delighted to recognize Bentall Kennedy, its clients, and its employees for their continued sustainability leadership in the 2018 Real Estate Benchmark,” said Sander Paul van Tongeren, Co-Founder and Managing Director at GRESB.

     

    About Bentall Kennedy

     

    Bentall Kennedy, a Sun Life Investment Management company, is one of the largest global real estate investment advisors and one of North America's foremost providers of real estate services. Bentall Kennedy serves the interests of more than 550 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S. Bentall Kennedy's Investment Management group has approximately $48 billion (CAD)/$36 billion (USD) of assets under management (as of June 30, 2018). Bentall Kennedy is one of the largest real estate services providers in Canada, managing more than 60 million square feet on behalf of third-party and investment management clients (as of June 30, 2018). Bentall Kennedy is a member of UN PRI and a recognized Responsible Property Investing leader ranked among the top firms around the globe in the Global Real Estate Sustainability Benchmark (GRESB) for the eighth consecutive year since GRESB was launched.

     

    Bentall Kennedy includes Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership and the real estate and commercial mortgage investment groups of certain of their affiliates, all of which comprise a team of real estate professionals spanning multiple legal entities. The assets under management shown above include real estate equity and mortgage investments of the companies within Bentall Kennedy.The information in this press release does not constitute an offer to sell or a solicitation of an offer to buy securities or investment services.

     

    For more information, visit www.bentallkennedy.com.

     

     

     

     

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    Business Wire India

    AbuDhabi Dubai STOB Series 22 Investment Limited Partnership, hereafter AbuDhabi22, and MINDOL HOLDINGS LIMITED, hereafter MINDOL, listed on the Hong Kong-based Coinsuper exchange (https://www.coinsuper.com) have reached an agreement where AbuDhabi22 will acquire the minimum 33.3 percent holding for the MINDOL cryptocurrency (MIN, https://mindol.net) to be issued by MINDOL, via a tender offer (TOB).

     

    Implementation of the TOB will serve to strengthen the strategic partnership with MINDOL. Both companies expect that the AbuDhabi22 bid will greatly exceed any bids made via ordinary exchange channels. With a bid offering at a stable price, the TOB method was chosen for its strategic worth.

     

    The MINDOL business vision for 2019 sets a target for its cryptocurrency, from among the more than 2,000 types of cryptocurrencies currently available, to have a top-30 market capitalization. As a business that focuses on "the fusion of subculture and blockchain," they will develop an online game that takes advantage of blockchain technology, after creating a development budget of 150 million USD. An exclusive MINDOL wallet, for use on smartphones, will also be developed, to be used for the existing Influencer Voting project and the upcoming, to-be-developed, online game. There will also be announcements for new MINDOL media strategies and projects nearer to the end of September 2018.

     

    Tender Offer Price and Period
    Tender Offer Price: Ranging from 0.97 USD at TOB STAGE 1 to 10.2 USD at TOB STAGE 5
    Reference Value 1: Token sale final price 0.45 USD
    Reference Value 2: Listing start price 0.54 USD
    Starting Day of Tender Offer: September 16, 2018
    Exercise Period:10 days after the completion of the tender offer
    Offer Conditions: Limited to token holders of at least 3,000 MIN, or MINDOL, as listed on the Coinsuper exchange.
    See the following website for more information on bid conditions and objectives:
    http://mindol.net

     

    The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

     

     

     

     

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    Business Wire India

    • KEYS 2018 will showcase Prestige’s repertoire of residential developments ranging from INR 30L – INR 10Cr
    • Customer-friendly financial schemes giving every homebuyer a genuine opportunity to buy their own home
    • The Expo will be held on September 21st, 22nd and 23rd in Conrad Bengaluru between 10am and 8pm
    The Prestige Group, one of India’s leading developers is back with the 3rd Edition of their Annual Solo Expo – KEYS. Started in 2016 to showcase the company’s vast and diverse repertoire of residential properties across South India, the Expo also offers customer-friendly Finance Schemes giving homebuyers an additional incentive to invest in a home now. The Expo will take place on September 21st, 22nd and 23rd in Conrad Bengaluru between 10am and 8pm.
     
    KEYS 2018 will showcase Prestige Group’s entire collection of ready-to-move as well as ongoing properties across South India – a total of 43 landmark residential developments across the cities of Chennai, Kochi, Hyderabad and Mangalore, apart from Bengaluru. There is something for everyone as the residences on offer range from mid-segment, premium to ultra-luxury with a price range of INR 30L – INR 10 crores. All projects are either RERA Registered or O.C. Received.
     
    This year, the Prestige Group has completed 100mn sft of development, making them the only developer in the country to achieve this. Over the last 3 decades, the company has consistently developed over 20,000 world-class homes, offering the best of design and quality and delivered them to happy customers. KEYS 2018 presents 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 12 - 24 months. In addition, KEYS 2018 promises homebuyers a medley of great offers, lucky draws, spot surprises and unique financial schemes in association with the country’s most reputed banksHDFC, Axis Bank and State Bank of India.
     
    Finance Schemes on offer:
    • For the ready properties: The EMI will be deferred to January 2020. Homebuyers only have to pay the down payment on the property now and can start paying back the bank from 2020. Prestige will pay the bank on behalf of the homebuyers until then.
    • For the under construction properties: Homebuyers can start paying EMI once the project is ready to occupy. Prestige will be bearing the interest on home loans till possession (between 12 - 24 months only), in the meantime.
    Commenting on this initiative, Mr. Shub Ganguly – Head of Sales, Prestige Group said, “We believe that every person should be given a genuine opportunity to own their dream home. Many people sit on the fence, wanting to take the plunge but hesitate for one reason or another. The whole purpose of this Expo is to be an enabler – give people the opportunity to come with their families and experience the entire spectrum of properties on offer, not just in Bangalore but across South India. We can help them identify the property that is best suited to their needs, and guide them right from the decision-making process to the final documentation required to close the deal. And of course, the Finance schemes, lucky draw, spot prizes, Prestige Connect etc. are additional incentives for people to consider investing during this period.”
     
    “Furthermore, drop in the Rupee rate has made it easier for NRIs to invest in India. Hence, this is a great opportunity for them to look at growing their real estate portfolio,” he added.
    About Prestige Connect

    A unique loyalty program from the Prestige Group that gives customers loyalty benefits with each successful referral. It is an innovative digital referral program with online access to refer, and avail the benefits. It includes tie-ups with premium lifestyle, travel, ecommerce, electronics brands for point redemption.
     
    About Prestige Group

    Prestige Group has over 30 years of experience in real estate development and is one of the leading real estate developers in the country with interests in Residential, Office Space, Retail and Hospitality segments with operations across South India, Pune, Goa and Ahmedabad. It has completed 212 real estate projects with development potential of over 84 mn sft. Prestige has 57 ongoing projects across segments, with total developable area of 62 mn sft. It also has 44 mn sft of upcoming projects and holds a land bank of 484 acres with potential developable area of over 47 mn sft. The company has been rated CRISIL DA1 by CRISIL and also enjoys credit rating of ICRA A+.

    Website- www.prestigeconstructions.com
    Twitter- @prestigegroup
    LinkedIn- https://in.linkedin.com/company/prestige-group-bangalore
    Facebook- https://www.facebook.com/Prestige.group/


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    Business Wire IndiaIndia’s biggest coding arena for women, TechGig Geek Goddess, launched its fourth edition in association with American Express, a globally integrated payments company. Goldman Sachs, a leading global investment bank and active investor in India, is the title sponsor for the event. Geek Goddess is managed by the team TechGig, which holds Guinness World Record for hosting the world’s largest online programming contest, Code Gladiators. The grand finale of Geek Goddess will be held on November 23 followed by Women Disruptors Conference on November 24 in Bengaluru.

    For IT employers, diversity is a big concern. The number of women professionals typically dwindles from bottom to top of the workforce at most organisations, leaving the sector with just a handful of women leaders and mentors.

    It is here that women-oriented technology initiatives like TechGig Geek Goddess emerge as a possible solution to tackle the gender diversity challenge. TechGig Geek Goddess has been instrumental in bringing women technologists to the forefront and presenting a latent talent pool to IT employers. This women-only code competition invites women coders to share their ideas and product solutions in different programming languages and ropes in IT industry leaders to mentor these coders.

    Announcing the new season, Ramathreya Krishnamurthi, Business Head, TimesJobs & TechGig said, “The brilliance of women technologists remains unsung in many companies. TechGig Geek Goddess is a unique opportunity for women technologists where they can showcase their genius without facing any bias. I invite women coders from all walks of life to join in as we put up this mega show to celebrate talented women technologists with our presenting partner American Express.”


    Commenting on the association with TechGig Geek Goddess Ruchika Panesar, Vice President, Global Services Group and Head of Technology, American Express India, said, “In the age of continuous disruption in the payments ecosystem, technology is the key differentiator. We, at American Express, have been on a journey of building technology and engineering capabilities across the globe and great technology talent is critical to our business. As we continue to grow our team in India, we aspire to be the ‘Best place to work for engineers’ in the country. As a Woman in technology, I am personally excited by the platform TechGig Geek Goddess provides us to take this vision further and bring talented 'Women who code' and 'Women Technologist' to the organisation.”

    Gunjan Samtani, Co-head of the Goldman Sachs in Bengaluru, said, “To achieve and maintain our country’s engineering excellence, we must have the most talented workforce. At Goldman Sachs, where technology is a key component driving our firm’s growth, we believe a talented workforce comes from a deliberate and committed focus on diversity that allows us to bring the best ideas and services to our clients. Our firm is proud to be associated with this significant initiative that encourages women to embrace engineering and further strengthens the national talent pool.”

    The latest edition of TechGig Geek Goddess also has CGI as the platinum partner, Expedia group as the diamond partner, ABB as the Internet of Things theme partner and Mphasis as the base partner. The last edition of TechGig Geek Goddess had seen a massive participation of 49,000 coders. New themes like UI, Data Science & IoT were intentionally introduced in last season to let the programmers experiment vigorously in technology environments. With this legacy, the fourth edition of TechGig Geek Goddess 2018 is poised to be bigger, bolder and better.

    The contest has already garnered 25,000+ registrations so far and counting. Prizes worth Rs 7,50,000 are up for grabs. Complete details are available @ https://www.techgig.com/geekgoddess 
    About TechGig

    TechGig is a culmination of everything related to technology. TechGig is a platform exclusively for IT professionals to synergize, share, exchange ideas, facts and information as well as showcase their work and express their views on the vast repertoire that the IT industry encompasses. Garnering cutting-edge insights, jobs, reviews, and news, as well as providing a platform for connecting with colleagues and peers are the mainstay of TechGig.
     
    About American Express

    American Express is a globally integrated payments company, providing customers with access to products, insights, and experiences that enrich lives and build business success. Learn more at americanexpress.com/in and connect with us on facebook.com/americanexpress india, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/amexindia, and youtube.com/americanexpress.

    About Goldman Sachs

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Goldman Sachs has been serving Indian clients since the early 1990s and established an onshore presence in India in December 2006 following a ten-year joint venture. Today, it serves leading corporate and institutional clients through corporate finance (investment banking), equity sales and trading and fixed income securities businesses, as well as providing macroeconomic and investment research. Goldman Sachs is also an active investor in India, deploying more than $3.4 billion in capital since 2006.

    In 2004, Goldman Sachs opened its office in Bengaluru. Today, as an integral part of the firm’s global activities, the Bengaluru office with more than 5,000 professionals is the firm’s second largest office in the world. In 2014, the firm broke ground on a new campus in Bengaluru and will invest approximately INR 1,200 crore ($200 million) on the construction and the completion of a state-of-the-art complex, which is expected to open in 2019.

    Since 2008, Goldman Sachs has committed in excess of $1.6 billion to philanthropic initiatives, globally to academic partners and non-profit organizations, including in India. As part of the firm’s ‘Community TeamWorks’ initiative, Goldman Sachs engages extensively with local non-governmental organizations around the world. To date, since 2005, Goldman Sachs in India has partnered with more than 100 non-profit organizations to engage in approximately 1,900 community building initiatives.

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    Business Wire IndiaBajaj Finance Ltd., the lending arm of Bajaj Finserv, is offering multi-feature credit cards in collaboration with one of the leading banks in India, RBL Bank Ltd. Now during a financial emergency, customers can convert the cash limit of their Bajaj Finserv RBL Bank co-brand credit card into an interest free personal loan of up to 90 days with a flat processing fee of 2.5%. Moreover, customers can also choose to pay for this short loan in 3 easy EMIs without putting any pressure on their personal finances. This facility is available to the customers once in a financial year. This facility is applicable on all variants of Bajaj Finserv RBL Bank SuperCards.
     
    Customers can also use these co-brand credit cards to withdraw cash from any ATM in India by paying a minimal processing fee and use the amount of cash withdrawn interest-free for up to 50 days. Apart from these benefits, customers have another option to convert every purchase of over Rs. 3,000/- into easy EMIs that suits tenor. With various attractive cash back offers and reward points, such as discounts on movie tickets, dining offers, fuel surcharge waiver and other benefits, customers can save up to Rs. 55,000/-+ every year on transactions made through Bajaj Finserv RBL Bank Co-Brand Credit Cards.
     
    To apply for the exclusive credit card offering from Bajaj Finserv and RBL Bank, you need to log-in to the company website and apply with a simple online application form that requires minimal details and basic documents. By applying online, customers can enjoy the added benefits of minimal annual charges and joining fees, along with fast approvals.
     
    With incredible and industry 1st features offered by Bajaj Finserv RBL Bank Co-Brand Credit Card, customers have the chance to take up the reins of their own finances. Once again, Bajaj Finserv has come up with a revolutionary offering that is bound to disrupt the status-quo in the credit card industry.
    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 7 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. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

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    Business Wire IndiaSuncom Infotech Pvt Ltd, an Indian ITES provider to Government PSU’s and some of the Fortune 500 companies, has developed and is launching a platform which will be used nationwide initially prior to going global, which will allow people to send money through blockchain powered transactions. They also plan to introduce a feature that would allow users to borrow money in small amounts through micro-credit transactions.
     
    Most of the hype around Blockchain focuses on the rising and falling valuations of the crypto markets. The hype is unsurprising because the technology underpinning crypto token and blockchain technologies is a paradigm shift in how we transact with each other over the internet and who we no longer need to trust.
     
    Ronish Baxter, Suncom Infotech CEO believes that all this is made possible by bringing together decades of research into cryptography, game theory, distributed computing systems to mention a few of the key building blocks.
     
    Apart from that, Ronish Baxter said that Suncom Infotech has developed and is launching the blockchain technology platform, keeping in mind that an economic identity is essential to break loose from this poverty cycle. In the coming months, the company is going to introduce a feature in the innovative application that his company is building which would help build a vetted, recognizable identity that would be a prerequisite to participate in any form of transactions or ownerships in the global economy. The secure and established nature of the blockchain will provide a means to share sensitive data without the need to bother about the information getting altered along the way or getting lost.
     
    We asked Ronish Baxter, CEO of Suncom Infotech for the core reason of this development to aid the poverty sector. Ronish Baxter said that it can help in many ways like:

    • Send aid without corruption
    • Economic Identity & banking
    • Allowing access to digitally secure and politically neutral ‘store of value’ as a means of saving
    As indicated by the World Bank's global financial index, there are nearly 2.5 billion unbanked or underbanked people all over the world, which represents a quarter of the total populace. For this number, the failure to get access to financial systems and transactions can be weakening as far as not having the capacity to anchor life changing resources.
     
    For instance, credit cards offer a decent method to get to credit amid times of crises – restorative costs, pressing repairs, and even the requirement for private venture extension can typically be tended to with the swipe of a card. In any case, consider the possibility that you don't have a credit card or even a financial balance?
     
    For most underbanked clients, the final resort is a swing to credit sharks and their great degree of savage loan fees. This adds to the cycle of destitution, which results in the borrower venturing into deep debt even before they can complete off key installments.

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    Business Wire India

    Abu Dhabi Dubai STOB Series 22 Investment Limited Partnership (”AbuDhabi22”as follows) and MINDOL HOLDINGS LIMITED (”MINDOL” as follows) which is listed on the Coinsuper Exchange in Hong Kong (https://www.coinsuper.com) agreed AbuDhabi22 to get 33% of crypto currency MINDOL (MIN)(http://mindol.net) that MINDOL issued by TOB.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005523/en/

     

    The world audition of the Hollywood movie "TO DO & DIE" planned to be released worldwide in 2020! (G ...

    The world audition of the Hollywood movie "TO DO & DIE" planned to be released worldwide in 2020! (Graphic: Business Wire)

    Strengthen strategic partnership with MINDOL by implementing TOB. Both of companies chose TOB as strategic approach to make a purchase at a stable price because acquisition price that AbuDhabi22 planned would be expected to significantly exceed with purchases via regular exchanges. TOB STAGE 1 has already finished and now TOB is being implemented at the purchase price of TOB STAGE 2.

     

    As a management vision for 2019, MINDOL has targeted the market capitalization of within 20th place (55th place as of September 18, 2018) while crypto currencies of more than 2000 stocks are listed. Set ”Fusion of subculture and block chain” as main business, develop an online game with a development budget of 150 million USD. As a first step, develop a fighting game that can be distributed worldwide, utilizing the characters which are applied for the contest sponsored by MINDOL. Strong battles are expected to occur over the world because there is opportunity to get MIN from loser if win the match. In addition, develop MINDOL exclusive wallet that can be used on smart phone, and use it for existing projects such as influencer vote and online game to be developed in the future. Also participating in various movies and making Japanese anime movies as a new media strategy. Furthermore, plan to sponsor a Hollywood movie "TO DO & DIE" scheduled to be cranked in 2019 and released worldwide in 2020 and carry out "MINDOL × TO DO & DIE World Audition 2019" from 2019 which can appear on "TO DO & DIE". The performers selected by the audition are planning to shoot in Japan. Details will be released later. PAN Entertainment and SKY INFINITY GROUP take production directing on "TO DO & DIE" and Spencer Jay Kim works as a producer. Sales are handled by LOTUS Entertainment and Number 11 Films, and prepare as a Hollywood movie project with luxury casts and production teams from Japan and Hollywood.

     

    Purchase price and period
    Purchase price: 2.69USD (TOB STAGE2) ~5.86USD (TOB STAGE5)
    Reference number 1: Final token sale price 0.45USD
    Reference number 2: Listing start price 0.54USD
    Exercise period: Deliver sequentially from 10 days after the date of completion of TOB
    Recruitment requirement: Limit to owner who have MIN (MINDOL) listed on the Coinsuper Exchange at 3000 MIN at the time of entry.
    For detail information like terms of purchase and purpose, see the following URL
    http://mindol.net

     

     

     

     

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180925005523/en/

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    Business Wire India

    Andersen Global continues its growth in Latin America with news that one of the premier tax law firms in Bolivia, Estudio Jurídico Tufiño Villegas & Asoc., has become a collaborating firm of Andersen Global. Tufiño & Villegas specializes in providing legal services to both local and foreign corporations that do business in Bolivia.

     

    With offices in La Paz, Santa Cruz and Cochabamba, the signing of a Collaboration Agreement with Tufiño & Villegas kickstarts Andersen Global’s presence in the South American country. The international organization has almost doubled its headcount in Latin America in the past eight months. Through its member firms and collaborating firms, Andersen Global already has a strong presence in the region in several major economic hubs – Mexico, Guatemala, Panama, Chile, Uruguay, Ecuador, Brazil, and most recently Paraguay.

     

    Led by Founders and Managing Partners Alvaro Villegas Aldazosa and Jose Luis Tufiño, the firm, Tufiño & Villegas, was created in 1995 as a tax boutique and has since expanded to a full service law firm. The firm specializes in corporate law services, as well as tax law services such as international tax, transfer pricing, tax planning, due diligence, tax litigation, outsourcing, and national taxation. Tufiño & Villegas delivers services in a broad range of sectors, including oil and gas, mining, finance, agriculture, insurance, aeronautics, telecommunications, real estate and software.

     

    “Our progress and explosive growth in Latin America is a tribute to the quality and leadership of our partners in that market. In the past decade, Bolivia has had one of the fastest economic growths in Latin America. Collaborating with Tufiño & Villegas, a top tax firm in Bolivia with a strong practice in the general corporate area and labor law, offers another dimension to our international capabilities,” said Andersen Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz.

     

    Alvaro commented, “As a firm, our goal is transparency, best-in-class legal services, seamlessness, and remaining committed to practicing with integrity in how we serve our clients, and we are excited to collaborate with an organization that holds these same values. The added services offered to our local and international clients and countries will be diversified through the collaboration with Andersen Global.”

     

    Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 3,500 professionals worldwide and a presence in over 117 locations through its member firms and collaborating firms.

     

     

     

     

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    Business Wire India

    Moody’s Corporation (NYSE:MCO) announced today that Mona Breed will join the company as Chief Information Officer (CIO), effective October 15, 2018. As CIO, Ms. Breed will lead Moody’s global technology infrastructure and programs. She will report to Raymond McDaniel, President and Chief Executive Officer of Moody’s.

     

    “With nearly 30 years of experience embedding innovation and technology programs at leading financial and professional services firms, Mona’s insight and expertise will be invaluable as we enhance our technology capabilities and leverage our investments,” said Raymond McDaniel President and Chief Executive Officer of Moody’s.

     

    Prior to joining Moody’s, Ms. Breed led IT infrastructure for Oppenheimer Funds, where she drove innovation and transformation, including the firm’s cloud computing, unified communication and collaboration, data center operations and workplace technologies. She has also held senior technology roles at PricewaterhouseCoopers and Apollo.

     

    Ms. Breed succeeds Tony Stoupas, who has led Moody’s IT organization as CIO since 2010 and will remain through the end of 2018. “I am grateful to Tony for his contributions, including the development of a mature, robust technology platform that will support further growth and innovation,” added Mr. McDaniel.

     

    ABOUT MOODY'S CORPORATION

     

    Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at www.moodys.com.

     

     

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    Business Wire India

    Moody’s Analytics, a leading provider of financial intelligence and analytics, partners with Thomson Reuters Financial and Risk business to offer a classification solution for conducting the Solely for Payment of Principal and Interest (SPPI) tests required under the IFRS9 accounting standard. The solution allows fixed-income investors to automate SPPI tests for securities in their portfolios by providing data on over 1.2 million corporate, government, and structured securities globally.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180926005527/en/

     

    “We are pleased to partner with Thomson Reuters to bring fixed-income investors more comprehensive coverage of all asset classes in a single transparent and auditable solution,” said Luis Amador, Managing Director at Moody’s Analytics.

     

    In addition to securities held in clients’ portfolios, the solution permits users to conduct additional due diligence on bonds that have not been purchased. Full explanations are provided for returned SPPI pass/fail tests, including the methodologies used, as well as IFRS9 identified criteria and interpretations.

     

    “Partnering with Moody’s Analytics, we developed a much simpler and more comprehensive solution to help clients manage their SPPI instrument accounting obligations under IFRS9,” said Stuart Martin, Managing Director for Risk Information and Learning Services for the Financial & Risk business at Thomson Reuters. “We worked together to deliver a seamless experience for clients, built on industry-leading data from both Thomson Reuters and Moody’s Analytics.”

     

    The SPPI data feed is delivered with an open API and can be integrated into an existing client system or accessed via a web portal. “We developed the solution with user experience in mind and are committed to providing expert customer service throughout the product lifecycle,” added Mr. Amador.

     

    Click here to learn more about the Moody’s Analytics/Thomson Reuters SPPI classification solution for IFRS9.

     

    About Moody’s Analytics
    Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit www.moodysanalytics.com.

     

    Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries.

     

    About Thomson Reuters
    Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

     

    The Thomson Reuters Financial & Risk business will be known as Refinitiv, following the closing of the strategic partnership transaction between Thomson Reuters and private equity funds managed by Blackstone.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180926005527/en/

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    Business Wire India

    • Give a missed call to a single number from anywhere in the world for quick insurance assistance
    • Get an immediate call back from our officers who can answer your questions
    • Experience a high level of personalized, unique customer service. And, what’s more, it’s free
    India’s leading private general insurance company, Bajaj Allianz General Insurance, launched a unique assistance service for its travel insurance customers. No matter where you are travelling in the world, you can just give a missed call to a single number to request assistance. You will receive an immediate call back from trained executives who will answer your claim related queries. The whole idea of introducing such a service was to help the customers promptly in the time of need.
     
    Customers face several challenges while travelling overseas: a strange country, unknown language, local customs and rules, etc. The missed call service enables travel insurance customers to get answers to queries regarding the policy, claims process, the location of medical facilities within the vicinity, what to do if they have lost their passport or if their check-in luggage is delayed or misplaced, etc.
     
    If you find yourself in need of assistance, just give a missed call on +91 124 6174720, a unified number across the world. The insurer will then receive an alert through an SMS. Within 10 minutes, a Bajaj Allianz General Insurance officer will call the customer. It is a free facility that all travel insurance customers can avail of. Customers won’t have to face any waiting-time or worry about things like a call-drop.
     
    While talking about the missed-call facility, Sasikumar Adidamu, Chief Technical Officer, Bajaj Allianz General Insurance said, “At Bajaj Allianz General Insurance, we are always exploring avenues to enhance customer engagement and provide them instant insurance solutions. This missed call facility is a step towards being there with the customer when they need you the most and provide them with immediate assistance solving their major cause of concern of facing the unknown while travelling overseas.”
     
    Customers can also enjoy prompt assistance from the insurer in Hindi and English.
    About Bajaj Allianz General Insurance

    Bajaj Allianz General Insurance is one of the leading private general insurance company in India. Bajaj Allianz is a joint venture between Allianz SE, the world’s leading insurer and largest asset manager, and Bajaj Finserv Limited, India’s most diversified non-banking financial institution. Bajaj Allianz General Insurance offers general insurance products such as motor insurance, home insurance, health insurance as well as other unique insurance plans such as wedding insurance, event insurance, and film insurance. The Company began its operations in 2001 and today has a pan-India presence in over 1000 towns and cities. The Company has continuously been expanding its services to be close to their customers. Bajaj Allianz General Insurance has been a profit-making company since its inception and has consistently been rated with “iAAA” rating for its claims-paying ability by ICRA Limited (an associate of Moody’s Investors) consecutively for last 11 years.
     
    To know more, please visit: 
    https://www.bajajallianz.com/Corp/general-insurance/general-insurance.jsp
    https://www.bajajallianz.com/Corp/travel-insurance/travel-insurance.jsp

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    Business Wire IndiaSvatantra Holding Private limited acquires (SMPL) 100% stake in Micro Housing Finance Corporation (MHFC) for approximately 300 cr. The acquisition helps Ms. Ananya Birla to expand her business and further the vision towards serving the financially excluded customer segment by offering differential banking solutions.

    Commenting on the development, Ms. Ananya Birla, Founder and Chairperson of Svatantra Microfin Pvt. Ltd. and Co-Chairperson of ASSOCHAM Microfinance said, “We are elated to bring MHFC into Svatantra family. MHFC offers Svatantra a huge synergy by providing our clients with an opportunity to buy homes. We have tied up with builders in semi-urban areas and tell them about the flats that builders can offer, while providing the loan. Similar to Svatantra Microfin, MHFC is based on the tenets of entrepreneurship, transparency and innovation. Under the GoI initiative of Housing for all by 2022 combined with our continued focus to serve the underserved, I am sure we will create a valuable platform for future.”

    Svatantra Microfin, the first venture of Ms. Birla, is a systemically important NBFC-MFI. In a short span of 6 years, SMPL has emerged as the most differentiated process and technology-driven microfinance entity, which offers micro-credit at the lowest rates in the country. SMPL today with a team of 1600 employees serves over 350,000 rural customers across 84 districts in 9 states with a loan book close to INR 750 cr.

    MHFC vision is to help financially excluded (especially lower income informal sector) families own an independent home was incorporated in 2008. With an average loan size of INR 4 to 5 lakhs, MHFC serves over 14,500 customers and has a loan book of close to INR 500 cr. with a passionate team of about 200 employees.

    “There is a complimentarily of vision, geographical presence and business strengths. The reach and infrastructure of microfinance coupled, credit assessment capabilities of affordable housing finance entity combined with an innovative IT platform will not only benefit our customer segment but also create significant value for all stakeholders,” added Mr. Vineet Chattree, Director Svatantra Microfin Pvt. Ltd. and MFIN. IIFL Corporate Advisory has been a sole advisor for the transaction.
    About Svatantra Microfin Private Limited (Svatantra)

    Svatantra in collaboration with NPCI (National Payment Corporation of India) has been a pioneer in adopting APBS (Aadhaar Payment Bridge system) for disbursements of loans. Under the leadership of Ms. Ananya Birla, the company has always been on the path of differentiation as a new-age MFI. With a central aim of financial inclusion, Svatantra is the only MFI with 100% cashless disbursements facilitating activation of bank accounts for its clients. The company and its leader Ms. Ananya Birla have been bestowed with many acclaims, some of them to mention - Ms. Birla was invited to participate for Champions of Change initiative by the Hon’ble Prime Minister – Shri Narendra Modi. Ms. Birla was also felicitated by Honourable Chief Minister of Maharashtra – Shri. Devendra Fadnavis for contributions in the microfinance sector. She also has in her kitties’ coveted titles of ‘Leading Woman in Microfinance’ by iiGlobal Business Information Pvt. Ltd and Forbes Asia’s Women to Watch 2016. Industry recognition awarded to the company - Skoch Financial Inclusion and Deepening Award in 2014, Skoch order of merit 2017, and BFSI CTO Summit best technology initiative 2017.

    For more information about the company please visit www.svatantramicrofin.com

    About Micro Housing Finance Corporation (MHFC)

    MHFC is a housing finance company headquartered in Mumbai, India, focused on serving lower income groups in urban areas, specifically those in the informal sector. MHFC, through this initiative, seeks to efficiently and sustainably enable access to housing finance services to the underserved and un­served segments of the urban population.

    For more information on MHFC, please visit http://www.mhfcindia.com

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    Business Wire India

    • Before time Financial Closure for Company’s first Hybrid Annuity project at Bid Project Cost
    • Ties up finances for Rs. 617 Crores from lenders  
    • NHAI support for project will be Rs. 543 Crores  
    • Equity Contribution from Company will be Rs. 159 Crores
    IRB PP Project Private Limited, a Special Purpose Vehicle (SPV) of India’s leading and one of the largest Highways Infrastructure developers, IRB Infrastructure Developers Ltd., has successfully achieved Financial Closure for its Rs. 1,319 Crores HAM Project of 4 laning of NH-32 (Previously NH-45A) Puducherry-Poondiyankuppam stretch of 38 Kms.

    Mr. Virendra D. Mhaiskar, Chairman & Managing Director, while commenting on the development said, “We had won three HAM projects totaling up to Rs. 5,500 Crores and are on track to achieve Financial Closure for all, starting with Puducherry-Poondiyankuppam. We are grateful to our lenders for the continued trust endorsed in our execution capabilities and financial discipline, even in current lending environment.”
     
    To reiterate, the Company had bagged three projects under Hybrid Annuity Model (HAM) in March 2018; out of which, the first one has achieved its Financial Closure in the time frame stipulated under the Concession Agreement.
     
    The highlights of the Project and Financial Closure:
    • Project involves 4 Laning of 48 Kms stretch on NH-32 (Previously NH-45A) between Puducherry and Poondiyankuppam.   
    • The project concession will be for 15 years and the tolling and construction will be commenced from the Appointed Date.
    • Project will be receiving the financial support of Rs. 543 Crores from NHAI and equity of Rs. 159 Crores from the Company and Project Financing of Rs. 617 Crores from lenders.

    About IRB Infrastructure Developers Ltd.

    IRB Infrastructure Developers Ltd. (IRB) is India’s leading and one of the largest private roads and highways infrastructure developers, with presence in BOT and HAM space. 
    The Company has a portfolio of 17 owned projects and 7 projects under O&M contracts as a Project manager for IRB InvIT. Of the 17 owned projects, 7 projects are under operational BOT space; 3 under HAM space; 4 projects under Tolling & Construction, another 2 projects under advanced stages of construction and 1 project under development stage.

    IRB Group, in the 20th year of its journey towards excellence since inception, has achieved an unmatchable milestone of having portfolio of 12,800 lane Kms, including ~ 20% share in India’s ambitious Golden Quadrilateral project; which is largest by any private highways infrastructure developers in India.

    Company’s order book as on date stands at more than Rs.14,100 Crores.
        
    IRB Infrastructure Developers Ltd. is India’s first Infrastructure developer Company to have the privilege of successfully launching and listing of India’s first ever InvIT IPO and also transferring 7 projects under the same. The Company was recently conferred on the prestigious ‘FinanceAsia – Best India Deal - Achievement Award 2017’ at Hong Kong.   

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    Business Wire India

    GA Telesis, LLC (“GA Telesis” or “the Company”) announced today that its current shareholder Tokyo Century Corporation (“Tokyo Century”) along with All Nippon Airways Trading Company (“ANATC”)1, have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company LLC (“GPFC”)2.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180930005012/en/

     
    Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA  ...

    Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA Telesis. (Photo: Business Wire)

    Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in the Company. Tokyo Century and ANATC expect the transaction to close in October 2018.

     

    Separately, GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party and the joint venture will be managed by GA Telesis.

     

    The additional investment by Tokyo Century will bolster and further diversify Tokyo Century’s existing aviation investment platform, which also includes a 20% holding in Aviation Capital Group, the world’s premier aircraft leasing company, as well as a 16.7% position in Jetstar Japan.

     

    "Our initial investment in GA Telesis from 2012 has performed well and proven our initial investment thesis," said Koichi Nakajima, Deputy President of Tokyo Century Corporation. "We have made a commitment to our customers and the industry to provide the best services in aviation. This further investment in the Company solidifies our strategy and promise.”

     

    Established in 1970, ANATC has evolved from a service provider of aviation serviceable parts to a multinational service and solution provider that centers its business not only around aviation, but also in various fields such as food and beverages, electronics, and daily living essentials. Building on a strong customer base in Asia and other regions, ANATC strives to provide customer-centric and value-added solutions and services to its customers.

     

    "This investment in GA Telesis is the next step in our growth strategy, with a clear opportunity to profitably grow our business and better serve our customers," said Hideto Osada, Senior Executive President of ANATC.

     

    With approximately 600 employees worldwide, GA Telesis is headquartered in Ft. Lauderdale, Florida with financial services, sales, distribution operations and MRO services operations in more than 19 countries. As the leading independent provider of integrated solutions through the combination of financial services, used serviceable material supply-chain, major related MRO operations and other ancillary aftermarket services, GA Telesis continues to lead the industry by expanding the GA Telesis Ecosystem™ to include more product and service offerings to its customers.

     

    “I am thrilled with Tokyo Century’s confidence in GA Telesis and decision to increase its stake in GA Telesis,” said Abdol Moabery, President & CEO of GA Telesis. “We have had a 15-year relationship with ANATC and their investment is not only a testament to the success of that relationship but also the innovative manner in which they view the future of the aviation marketplace. With these two great shareholders, I am confident that we will continue to deliver our year-on-year double-digit growth,” he added.

     

    About Tokyo Century Corporation

     

    Tokyo Century Corporation is a highly specialized and unique financial services company that pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers.

     

    About All Nippon Airways Trading Company

     

    ANATC is a global solution and service provider, focusing in five business areas: retail, digital marketing, food, aerospace and electronics, and lifestyle businesses. ANATC headquartered in Tokyo, Japan, has business units in France and Singapore, and 11 group companies, with a multinational workforce of approximately 2,300 people.

     

    About GA Telesis

     

    GA Telesis is a global leader providing integrated solutions to the aviation and aerospace industries. Built on the premise of “Customer Success” being the goal, GA Telesis serves over 3,000 customers including airlines, OEMs, MROs and suppliers worldwide with 31 leasing, sales, distribution and MRO operations in 19 countries. At GA Telesis the company’s core business is integrated aviation solutions and their mission is customer success.

     

    1 ANATC is a wholly owned subsidiary of ANA Holdings

     

    2 Global Principal Finance Company LLC is a wholly owned subsidiary of Bank of America Corporation

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180930005012/en/

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    Business Wire India

    Today, the Debt Default Clock Review Committee completed its second update of the Debt Default Clock. The Debt Default Clock estimates how much relative time remains before the Federal government’s fiscal policies lead to a fiscal crisis resulting in major disruption to the American economy and the treasury securities markets. The Review Committee has seen continued deterioration in the Federal government’s fiscal position since the initial assessment and has concluded that the clock now stands at four minutes to midnight.

     

    Baker Spring, Chairman of the Review Committee, said, “The Review Committee believes the large absolute amount of outstanding Federal government debt, and the burgeoning size of these obligations relative to the United States economy, along with the predominantly short-term maturity structure of Government debt, which subjects the federal government’s budget to significant refinancing risks and increasing interest rate risk, combined with the potential for foreign investor manipulation of our bond markets, all have placed the United States in an increasingly perilous fiscal position.”

     

    Dean Clancy, a member of the Review Committee, said “The current stalemate in the U.S. Congress and its inaction and inability to address these critical fiscal and monetary issues in a meaningful way has led to the Committee’s decision to advance the clock closer to the midnight hour.”

     

    In addition to the Default Clock update, the Federal government’s credit score that was developed by the Review Committee remains in the “POOR” category.

     

    About the Debt Default Clock Review Committee

     

    The Review Committee is an initiative of Compact for America Educational Foundation, Inc. The Foundation is a U.S. 501(c)3 non-profit educational corporation that provides leadership and guidance to state governors, state legislators, and members of Congress and the Administration in having states resolve national issues of importance that the U.S. Congress is either unable or unwilling to address. For additional information, visit www.compactforamerica.org and follow on Twitter at @DefaultClock. Data sources and a full description of the Debt Default Clock initiative are available at www.debtdefaultclock.us.

     

    Baker Spring and members of the Review Committee are available to discuss this update. Please contact Baker Spring at (703) 812-8178 or baker.spring@compactforamerica.org to arrange for an interview.

     

     

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    Business Wire India

    • Up to 8.85%* rate of interest for Senior Citizens
    • Up to 8.75%* rate of interest for Existing loan and FD customers
    • Up to 8.50%* rate of interest for new customers

    Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, has increased its Fixed Deposit (FD) rate of interest. The company has increased FD rates for senior citizens to up to 8.85%*, existing loan & FD customers to up to 8.75%* and new customers to up to 8.50%*. These new rates are offered on an annual basis, applicable under the cumulative and non-cumulative payout schemes on a 36-60 months tenor.
     
    For the same schemes and tenure, the new Fixed Deposit customers would get 8.50% instead of 8.40% earlier. The existing loan and FD customers are offered a rate of 8.75% which previously was 8.65%. The rate of interest, has thus recorded a rise of 0.10% on a tenor of 36-60 months across all customer categories.
     
    For the recently launched special tenor scheme of 15 months and minimum FD size of Rs. 1 lakh, the FD rate of interest would be up to 8.05% for new customers and 8.40% for senior citizens.
     
    Upon renewal, senior citizens will now earn a higher rate of interest of 9.10% which previously was 9.00% and new customers will be offered rate of interest of 8.75% compared to 8.65% prior, for a tenor ranging between 36 to 60 months.
     
    Bajaj Finance Fixed Deposit has been accredited 'FAAA/Stable' rating by CRISIL and 'MAAA (Stable)' rating by ICRA which indicate highest degree of safety with regard to timely payment of interest and principal on the instrument. Deposit book stood at Rs. 9,427 crore as of 30 June 2018 which was a growth of 85% from Rs. 5,095 crore as of 30 June 2017. Deposits contributed to 14% of the standalone borrowings.
     
    *Annual rate of interest, applicable on a cumulative scheme tenor of 36-60 months. Other T&C apply.
     
    Features and benefits of Fixed Deposit - 
     
    Higher interest rates for senior citizens
    Senior citizens investing in the Bajaj Finance Fixed deposit earn an additional 0.35% rate of interest over and above the card rate.
     
    Minimum deposit and flexible tenor
    The customer can start with a minimum deposit of Rs. 25,000 and earn high return. Customers have the flexibility to choose from a tenor ranging between 12 to 60 months, to suit their financial needs.
     
    Online Application Process
    Customer can easily invest in FD with an easy online application process
     
    600+ Branches across India
    Offered in over 600 branches across the country, to enhance the customer experience
     
    Online Account Management
    Online access to Fixed Deposit account, to keep a track of the investment easily


    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 21 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 Re-Financing Loans. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more, please visit: https://www.bajajfinserv.in
     
    In case of any query, feel free to contact Bajaj Finserv Customer Care.

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    Business Wire India

    IDEMIA, the global leader in Augmented Identity, has been awarded “Innovation Partner of the Year” by Westpac, Australia’s market leader in point of sale consumer and commercial finance.

     

    At Westpac’s supplier dinner in presence of its core suppliers from various industries, IDEMIA received an Innovation award, in recognition for the success that the PayWear product has achieved since it was launched in late 2017.

     

    Locally designed and developed by IDEMIA in Australia in close collaboration with Westpac, the Westpac PayWear is part of a new generation of payment wearables, made for everyday life. The device is waterproof, does not require recharging and is durable enough to be worn every day.

     

    The success of PayWear in the Australian market is in keeping with the immense popularity of contactless payments, with over 85% of payments occurring over contactless interfaces, whether by card, mobile phone or the new wave of wearables.

     

    The PayWear accessory includes a new card (similar to a mobile phone SIM card), a wristband and a “keeper”, a silicone pocket that can be attached to most watches or activity trackers. To pay, the customer simply taps the accessory wherever contactless payments are accepted and the transaction will be debited from their everyday bank account.

     

    Using the same contactless technology as customer’s existing debit or credit card, Westpac PayWear means that customers can make purchases without the need for a wallet or a phone. In that respect, combined with the current Transport for NSW open-loop payments trial, a Westpac customer could pay to ride the ferry from the Sydney central business district to Manly, go for a swim at the beach and buy lunch afterwards… without even needing to carry a wallet!

     

    Vincent Mouret, Vice-President for Financial Institutions in APAC at IDEMIA explained: “This new type of payment wearable fits really well with the Australian lifestyle, where people look for both convenience and security. The ability to pay for a coffee or breakfast after a surf session, a workout or a bike ride is appealing to a broad section of the local community, and so far the feedback has been fantastic. We are confident that this Westpac partnership will keep growing and meet new client needs in the future.”

     

    IDEMIA has supplied and supported Westpac with the PayWear Contactless Chip along with wristbands, keepers and packaging. The wearable product is in addition to the supply of cards for Westpac, which IDEMIA has performed since 2013.

     

    About IDEMIA

     

    OT-Morpho is now IDEMIA, the global leader in trusted identities for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment.

     

    Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Security and IoT sectors.

     

    With close to €3bn in revenues, IDEMIA is the result of the coming together of OT (Oberthur Technologies) and Safran Identity & Security (Morpho). This new company counts 14,000 employees of more than 80 nationalities and serves clients in 180 countries.

     

    For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

     

     

     

     

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    Business Wire India

    International law firm Dorsey & Whitney LLP announced that David Cameron has joined the Firm’s Corporate Group in Hong Kong as a Partner.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181002005918/en/

     

    David Cameron has joined Dorsey & Whitney’s Corporate Group in Hong Kong as a Partner. Mr. Cameron’s ...

    David Cameron has joined Dorsey & Whitney’s Corporate Group in Hong Kong as a Partner. Mr. Cameron’s practice focuses on international capital markets work. (Photo: Dorsey & Whitney LLP)

    Mr. Cameron’s practice focuses on international capital markets work. He specializes in representing and advising corporate and investment banking clients on debt and equity offerings pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, including high-yield, investment grade, private placements, block trades and medium-term note programs for issuers across Asia. Mr. Cameron also has extensive experience with green bonds and Masala bonds. His recent work before joining Dorsey has included advising on the State Bank of India’s Section 4(a)(2) equity offering of US$2.3 billion, the largest-ever Qualified Institutions Placement out of India to date, JSW Steel’s US$500 million high-yield bond offering, CK Hutchison Holdings’ US$1.8 billion dual tranche Rule 144A senior note offering and Sri Lanka’s sovereign US$1.5 billion Rule 144A senior note offering.

     

    He joins Dorsey from Allen & Overy, where he was counsel in that firm’s Capital Markets practice in Hong Kong. Before joining Allen & Overy in 2016, he was an associate for over seven years in the Capital Markets practice in the Hong Kong office of Linklaters. Mr. Cameron is a Registered Foreign Lawyer in Hong Kong and admitted to practice in the State of New York.

     

    Mr. Cameron has a B.A. degree from Georgetown University, an M.A. degree in International Studies from The Lauder Institute at the University of Pennsylvania, an M.B.A. degree in Finance from The Wharton School at the University of Pennsylvania and a J.D. degree from the University of Pennsylvania Law School.

     

    “David Cameron is a superb capital markets lawyer with extensive experience and deep expertise in multi-jurisdictional debt and equity transactions, especially those emanating across Asia. He will be a terrific addition to our strong capital markets practice in Hong Kong,” noted Dorsey Partner Simon Chan, who heads the Firm’s Hong Kong office. “Also, his practice and clients will benefit from Dorsey’s collaborative culture and its client service-focused mission.”

     

    “We are delighted to have David join us in Hong Kong,” added Dorsey Managing Partner Ken Cutler. “He is another example of the key, strategic hiring we are continuing to do to build our depth and breadth across our practices and in our offices in Asia, Europe and North America.”

     

    “I am extremely pleased to be joining Dorsey and its world-class team of corporate and capital markets lawyers,” noted Mr. Cameron. “I look forward to serving Dorsey’s exceptional client base and to utilizing the Dorsey platform to provide quality and value to future clients.”

     

    About Dorsey & Whitney LLP
    Clients have relied on Dorsey since 1912 as a valued business partner. With locations across the United States and in Canada, Europe and the Asia-Pacific region, Dorsey provides an integrated, proactive approach to its clients' legal and business needs. Dorsey represents a number of the world's most successful companies from a wide range of industries, including leaders in banking and financial institutions, development and infrastructure, energy and natural resources, food, beverage and agribusiness, healthcare and technology, as well as major non-profit and government entities.

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20181002005918/en/

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    Business Wire India

    Moody’s Analytics, a global provider of financial intelligence, has won four categories in the 2018 Asia Risk Technology Rankings. Building on last year’s three-win performance by Moody’s Analytics, the company topped the IFRS 9, Asset & Liability Management, Regulatory Capital Calculation and Management, and Economic Capital Calculation and Management categories in this year’s annual rankings.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181002005841/en/

     

    For the second year in a row, readers of Asia Risk selected Moody’s Analytics for the top spot in the IFRS 9 category. This recognition reflects the company’s ability in helping clients prepare to comply with the new accounting standard. Whether firms need better data, new forward-looking models, economic forecasting, end-to-end process management tools, advisory services, or a combination of all these elements, Moody’s Analytics can tailor solutions to meet our clients’ unique business needs.

     

    Asia Risk readers, also ranked Moody’s Analytics first in the Asset & Liability Management (ALM) category on the strength of the Moody’s Analytics RiskConfidence™ solution. The award-winning solution offers integrated enterprise ALM, funds transfer pricing (FTP), liquidity risk management, and business and regulatory reporting. This is all presented in a single unified solution with a common data source and a single engine strategy.

     

    The RiskAuthority™ platform earned Moody’s Analytics first place in the Regulatory Capital Calculation and Management category. Banks use RiskAuthority software to calculate, consolidate, and report on credit, market, operational, concentration, and liquidity risk. Banks also rely on RiskAuthority software to calculate capital, leverage, and liquidity ratios quickly and accurately in order to meet Basel directives and national regulatory requirements.

     

    Moody’s Analytics RiskFrontier™ software secured the top spot for Economic Capital Calculation and Management with its portfolio management reporting capabilities. Financial institutions globally use RiskFrontier for portfolio management, valuation, capital optimization, risk-based pricing, and performance management. It enables users to determine the appropriate level of economic capital, and allows for granular analysis of a portfolio’s credit risk drivers.

     

    “We are delighted to be recognized again as a leading provider of risk and capital management solutions by the readers of Asia Risk,” said Shailendra Jain, General Manager at Moody’s Analytics. “We continue to work closely with our clients across the Asia-Pacific region to deliver award-winning solutions that support their risk management and regulatory reporting requirements.”

     

    These wins add to the growing list of industry awards won by Moody’s Analytics.

     

    During the past year, Chartis Research has named Moody’s Analytics a category leader among 12 balance sheet management vendors, as well as a category leader among 15 IFRS 9 solution vendors.

     

    Click here for more information about the 2018 Asia Risk Technology Rankings.

     

    About Moody’s Analytics

     

    Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit www.moodysanalytics.com.

     

    Moody's Analytics is a subsidiary of Moody's Corporation (NYSE:MCO). Moody’s Corporation reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries.

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20181002005841/en/

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    Business Wire IndiaPhonePe India’s leading digital payments platform today announced that it has partnered with DMRC to launch smartcard recharge services. PhonePe users can now recharge their DMRC smartcards on the PhonePe app.
     
    What is unique about this partnership is that PhonePe will be the exclusive DMRC partner to power UPI payments for all DMRC smartcard recharges. This partnership will help drive the adoption of UPI as a payment mode for recharges since commute is a very high-frequency use case. Users no longer need to stand in long queues to recharge their smartcards and can directly pay from their bank accounts using UPI. PhonePe is a leader in merchant UPI transactions with a 70% market share, this partnership will go a long way in increasing digital transactions for DMRC.
     
    This partnership adds to PhonePe’s travel and commute services portfolio which already has cabs, buses, hotels and flight services. PhonePe is also working with other travel and commute service providers to emerge as the preferred destination for all travel/commute related needs.
     
    As a launch offer PhonePe is giving upto Rs.65 cashback during the offer period (1st October - 15th October). The offer is live in the Delhi-NCR regions.
     
    How to recharge?

    1. Click the ‘App’ icon
    2. Click on ‘Metro
    3. Select ‘Delhi Metro
    4. Enter your details
    5. Select Amount
    6. Enter your BHIM UPI PIN and pay
    7. Users then enter the smartcard number, select the recharge amount and complete the payment
    8. After completing the payment, users need to tap the smartcard on Automatic Vending Machine (AVM) at any platform to complete the recharge

    About PhonePe
     
    Bengaluru-headquartered PhonePe is the fastest growing payments company in India. With over 100 million users, the PhonePe app drives the highest number of merchant UPI transactions in India. Using PhonePe, users can send and receive money, recharge mobile, DTH, datacards, make utility payments and buy gold. PhonePe is accepted as a payment option across 3 lakh offline and online merchant outlets covering food, travel, groceries, movie tickets etc. PhonePe also offers microapps within its platform allowing customers to avail Ola, redBus and Goibibo Hotel services.

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