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    Business Wire IndiaBajaj Finance Ltd., the lending arm of Bajaj Finserv, is offering exciting benefits to their Bajaj Finserv RBL Bank Credit Card customers. One of the variants of the 4 in 1 credit card is the Bajaj Finserv RBL Bank World Plus SuperCard which aims to reward the jet-setting lifestyle of its elite customers. The SuperCard offers free airport lounge access and bonus reward points on international spends. Customers who have a Bajaj Finserv RBL Bank World Plus SuperCard get complimentary access to airport lounge for 8 times every year with unlimited paid access. Moreover, customers can earn 20 reward points for every Rs. 100 worth of international spending.
     
    In addition to 20,000 reward points as a welcome bonus, customers can earn a bonus of 20,000 reward points on an annual spend of Rs. 3,00,000/- and an additional 20,000 points on an annual spend of Rs. 5,00,000/-. There is also a provision of 2 reward points on every spend of Rs. 100, for both- online and offline. Bajaj Finserv and RBL Bank provide fascinating redemption offers to help customers make the most of their bonus reward points. Some of the other attractive features of Bajaj Finserv RBL Bank World Plus SuperCard are:

    • Fuel Surcharge waiver of up to Rs. 200/- every month
    • 1+1 on movie tickets through BookMyShow.com, once every month (Monday to Friday)
    • Shop for electronics, gadgets and much more on easy EMIs
    • Interest-free cash withdrawal from ATMs for 50 days against a nominal convenience fee
    • Convert the cash limit on the card to an interest-free instant personal loan of 90 days
     
    To enjoy these fascinating offers, customers can apply for credit card from Bajaj Finserv and RBL on the company website. Through the convenient online application module, the procedure to apply for credit card has been made extremely simple by Bajaj Finserv. After the successful submission of application, if the profile meets the eligibility requirements, it only takes a few working days for the customer to receive a feature rich Bajaj Finserv RBL Bank Credit Card.

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    Business Wire India

    • Offers instant loans up to Rs 60,000 for its users without any paperwork
    • First wallet player to disburse loan amount in a mobile wallet
    • Product designed to boost customer capability to meet his aspirations and needs
    MobiKwik, one of India’s largest digital financial services platforms, today announced the launch of its breakthrough product called ‘Boost’, that offers instant loan approval and disbursal to MobiKwik users. This is the first-of-its-kind of credit disbursal product, wherein loans of up to Rs. 60,000 are sanctioned as well as disbursed in a matter of 90 seconds. MobiKwik has partnered with a number of NBFCs to offer this service to its users. MobiKwik is the first wallet player to disburse loan amount in the user’s mobile wallet.
     
    ‘Boost’ offers loans without any hassles of submission of paperwork or collaterals. The loan sanction decision will be taken in 30 seconds, on the basis of an innovative risk scoring model called ‘Mobiscore’, developed by MobiKwik. The real time underwriting has been possible only because of artificial intelligence and data analytics capabilities used in the entire loan journey.
     
    Users can apply for loans ranging from Rs. 5,000 up to Rs 60,000 through MobiKwik app. MobiKwik users who avail loans via the app will have the option to transfer their loan amount to their bank account. The amount credited can be utilized by the app users across a range of use cases including urgent purchases, marriage expenses, travel plans, hotel bookings, medical emergency, as well as payments to offline and online merchants.

    The loan process includes 4 simple steps:
    • Select Boost on the MobiKwik App
    • Activate Boost for instant loan
    • Insert PAN and other KYC details to view loan offer
    • Accept loan offer and get instant disbursal
    Speaking on the announcement, Ms Upasana Taku, Co-founder and Director, MobiKwik said, “Our objective is to provide easy access to credit to each and every Indian, irrespective of his location. This is first of its kind of product that will totally revolutionize the way India avails credit. Our path-breaking product will enable Indians, located anywhere in India, to avail instant loans, whenever they require, within 90 seconds, via the MobiKwik app. In the initial months of piloting the offering, we have already crossed a portfolio of 100 thousand loans. We will be rolling out new products in the lending portfolio so as to cater to diverse credit requirements of customers. We are confident that lending will be a game changer and will establish us as clear leaders in the digital financial services domain in the country.”
     
    The loan amount is payable in easy instalments of 6 and 9 months. They can either payback from the MobiKwik app or can enable MobiKwik’s partner to auto-debit the monthly EMI from their bank account. MobiKwik users are required to update their KYC with PAN card and other KYC details to avail the loan benefit.
    About MobiKwik

    MobiKwik is India’s leading digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 3 million direct merchants and over 107 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance. The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. It aspires to be the largest source of digital transactions in India and has a vision of enabling a billion Indians with one tap access to digital payments, loans, insurance and investments, by 2022.
     
    MobiKwik believes in the ‘power of partnerships’ and has forged a string of smart partnerships with renowned brands such as BSNL, Bajaj Finserv Ltd and IndusInd Bank in the year 2017. In August 2017, BSNL went digital by launching a bespoke mobile wallet developed and issued by MobiKwik. Bajaj Finserv-MobiKwik have partnered to launch India’s first credit wallet, an EMI wallet through which customers can avail credits and loans. MobiKwik has also developed India’s first auto-load wallet for IndusInd Bank’s 10 million plus customers. The company has also signed a pact with IDFC bank for the launch of virtual cards. 

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    Business Wire IndiaWNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2019 second quarter financial and operating results at approximately 6:00 a.m. Eastern on Thursday, October 25, 2018.
     
    Following the release, WNS management will host a call on October 25, 2018 at 8:00 a.m. Eastern. Chief Executive Officer, Keshav Murugesh, Chief Financial Officer, Sanjay Puria and Chief Operating Officer, Ronald Gillette will review the results of the fiscal 2019 second quarter ended September 30, 2018 on the teleconference.
     
    To participate in the call, please use the following details: +1-888-656-9018; international dial-in +1-503-343-6030; participant passcode 3582659.
     
    A replay will be available for one week following the call at +1-855-859-2056; international dial-in +1-404-537-3406; passcode 3582659, as well as on the WNS website, www.wns.com, beginning two hours after the end of the call.
    About WNS

    WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 350+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of June 30, 2018, WNS had 38,227 professionals across 55 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, United Kingdom and the United States. For more information, visit www.wns.com.

    Safe Harbor Provision

    This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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    Business Wire India

    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 India

    DirectorInsight, a leading provider of corporate governance analytics and solutions, is delighted to announce that the company will now operate under the new brand name CGLytics. Short for Corporate Governance Analytics, this rebrand elevates the focus on providing powerful, data-driven solutions to board members and institutional investors, allowing for better engagement, decision-making and stewardship.

     

    CGLytics is an Environmental, Social & Governance (ESG) SaaS solution provider that specializes in the corporate governance space. The technology provides an integrated cloud-based, data-fueled solution, to independently analyze information on the value creation and governance practices of leading listed companies across the globe.

     

    Over the past few years, the business has expanded and developed new capabilities across all spectrums of corporate governance analytics software, while continuing to embrace a customer-centric approach in its everyday operations. This is the latest chapter in what has been a year full of achievements, including formalizing partnerships with leading governance service providers and investors that leverage CGLytics’ vast compensation analysis and tools for their global client base and engagement work.

     

    Founder and CEO Aniel Mahabier, upon announcing the corporate rebrand, said:

     

    “This rebrand signifies a milestone within our organization and is a testament to the work we have done and our vision toward the future. By changing the company’s name and logo, we are better representing the unmatched solutions we bring to corporations, their board members and investors across the globe.”

     

    CGLytics is focused exclusively on providing consistent, comprehensive, real-time data, smart analytics, ratings and a suite of screening tools, including a powerful pay-for-performance review tool. The platform is powered by structured and comprehensive performance metrics, board information and executive compensation data. The company deploys machine learning and artificial intelligence to create powerful governance workflow efficiencies.

     

    Interested parties can learn more about CGLytics on the company website: https://cglytics.com/

     

    About CGLytics
    CGLytics is the brand under which AMA Partners B.V. (Chamber of Commerce: 54985242) operates and provides services. CGLytics provides data analytics and intelligence on the “G” of Environmental, Social & Governance (ESG). Our solutions are designed to help corporations, institutional investors, financial institutions and professional services firms to efficiently and effectively manage the increasing challenges they face in reviewing and addressing corporate governance risks and associated decision-making. CGLytics provides an integrated cloud-based, data technology solution, to independently analyze data on the value creation and governance practices of leading listed companies across the globe, in a single convenient solution.CGLytics is a signatory to the UNPRI. Follow CGLytics on Twitter and LinkedIn.

     

     

     

     

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    Business Wire IndiaBajaj Finserv, the financial services conglomerate of the Bajaj Group, has launched a gamified campus competition ‘ATOM’ to engage and hire bright young minds in building solutions for futuristic BFSI scenarios. The focus of the competition is to ideate and build solutions around how and what needs to be done today to be ready for tomorrow. Bajaj Finserv aims to assess and identify innovative, technologically driven and entrepreneurial minds that can be hired to drive the growth of the company. Through this competition, Bajaj Finserv will be looking for students who can come up with that BIG IDEA which is destined to lead the change.
     
    ATOM, an innovative competition is played in both ways, as a team of students and as individual player. In this competition, participants will be given 5 futuristic problems revolving around investments, lending and insurance to build ideas and solutions to prepare for solving an unforeseen problem or leverage a possible opportunity. The top 5 teams qualifying for the finale will make presentations to an esteemed panel of Bajaj Finserv’s Senior Leadership Team. As rewards, the winners will not only receive exciting cash prices but also will be considered for pre-placement offers and interviews.
     
    Speaking about the gamified competition, Mr. Deepak Reddy, Group Head- Human Resources, Bajaj Finserv said, “ATOM gives students the most steadfast view of Bajaj Finserv’s innovation-centric culture. Taking a series of challenging and creative assignments to the B-schools gives us an opportunity to recognize and test the abilities of young talented people. Our vision is to further develop ATOM into an incubator for talent, projects and partners; going beyond the program’s original twin goal of communications and talent sourcing.”
     
    The competition is launched across the top 16 management institutes in India including the IIMs (Ahmedabad, Bangalore, Calcutta, Indore, Kozhikode and Lucknow), FMS Delhi, ISB, IMT, JBIMS, MDI, NMIMS etc. With a footfall of 4612 students 565 teams across the 16 campuses, ATOM, an un-case study program offers a chance to peek in the future, predict the direction of how financial products and services would be retailed in the future and build ideas and solutions for the customers of tomorrow.
    About Bajaj Finserv Limited

    Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group. Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively. Its subsidiary Bajaj Finance Limited is a deposit taking Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending and wealth management.

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

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    Business Wire IndiaMymoneysage an award-winning wealth management platform in association with Knowise training solutions a leading financial services training organisation launches CIMP Chartered Investment Management Professional. CIMP is a unique cohort that promotes Registered Investment advisors also known as fee-only advisers.
     
    Why CIMP

    According to an S&P survey, 76% of the Indians fare poorly in financial literacy, means a majority Indians could be making uninformed personal finance decisions, needless to say, comprehensive, transparent & unbiased advice with zero conflict of interest is the need of the hour. As per law, this kind of advice can only be facilitated by Registered Investment Advisers.
     
    Before the SEBI Investment adviser regulations, any individual could have called himself a financial advisor or a wealth manager but post the SEBI Investment Adviser regulations only an RIA can offer comprehensive Investment advice or financial planning services.
     
    The rise of the mass affluent, as well as the popularity of direct Mutual funds, has further boosted the demand for Registered Investment Advisers.
     
    About the Cohort

    CIMP a six months weekend program is a highly selective & outcome based cohort. Along with classroom training, this program inculcates practice management skill through internship and mentorship. The program which emphasizes on investor psychology also imparts soft skills as well as business networking skills which are crucial for an Investment Adviser.
     
    CIMP certification drastically diminishes one's learning curve thereby reducing the time taken to setup & establish one's advisory practice. The best part of this program is that it comes with a guaranteed business from Mymoneysage that not only helps the participants to kick-start their investment advisory practice but also successfully establish the same.
     
    The selection for the program involves shortlisting based on application screening followed by a personal discussion.
     
    The Mymoneysage Advantage

    Mymoneysage simplifies investing for individuals and amplifies business growth for Registered Investment Advisers by leveraging Artificial intelligence and machine learning. Mymoneysage is a perfect combination of man plus machine. The AI of the machine plus the intellect of the human advisor enables comprehensive & client-centric advice at a fraction of the cost of a conventional adviser.

    KishorKumar Balpalli founder of Mymoneysage says that comprehensive and client-centric advice is no longer the privilege of only HNIs, we make it available to the masses at the click of a button. Mr. Balpalli further adds that CIMP cohort will aid in bridging the gap of RIAs on Mymoneysage.
    About Knowise

    Knowise Learning Academy started in 2008 and is an expert in financial training focused on improving the financial services landscape through instructor-led workshops.
     
    The company's financial workshops are focused on Banks, Asset Management Companies, Insurance companies, BFSI teams of IT companies, Knowledge Process Outsourcing Companies (KPOs), Educational Institutions and others. The company has trained over 100,000 individuals in different courses.
     
    To know more about CIMP and to apply for the program visit https://cimp.co.in/

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    Business Wire India

    The Accelerator Engagement Programme was launched in Mumbai by (from Left to Right) Mr. Vikram Gupta, Founder and Managing Partner, IvyCamp; Mr. Mithun Shetty, Head of Community Building, 91SpringBoard; Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Lord Mayor of the City of London, Alderman Charles Bowman; and Mr. Ben Green, First Secretary, Trade, DIT.
    The Accelerator Engagement Programme was launched in Mumbai by (from Left to Right) Mr. Vikram Gupta, Founder and Managing Partner, IvyCamp; Mr. Mithun Shetty, Head of Community Building, 91SpringBoard; Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Lord Mayor of the City of London, Alderman Charles Bowman; and Mr. Ben Green, First Secretary, Trade, DIT.

    HDFC Bank announced the launch of its Accelerator Engagement Programme (AEP). In this first-of-its-kind programme, HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions.
     
    Start-up accelerators are organisations that help early-stage companies develop their product and business model, and also connect with investors. The bank will focus on those working in the area of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation.
     
    In the first phase, the Bank launched the programme in association with the United Kingdom’s Department for International Trade (UK DIT) and start-up accelerators 91springboard and IvyCamp.  
     
    AEP was launched in Mumbai by Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Mr. Ben Green, First Secretary, Trade, DIT; Lord Mayor of the City of London, Alderman Charles Bowman; Mr. Mithun Shetty, Head of Community Building at 91springboard; and Mr. Vikram Gupta, Founder and Managing Partner, IvyCap.
     
    “We are excited to take our engagements with fintech start-ups global with the Accelerator Engagement Programme. At HDFC Bank, we are looking for disruptive, global first innovations. This enables us to be in sync with our customers’ needs and desires and become part of their lifestyle. We believe that we need to work as a partner in the digital eco-system and encourage the spirit of innovation in the country. This is a win-win for all of us,” said Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank.
     
    “I am delighted to help launch this powerful new initiative, and even happier that the delegation I’ve brought to India is the first to benefit from it. Fintech is an area of immense potential for the UK and India, and I look forward to seeing more collaboration between our two countries in this area,” said Lord Mayor of London, Charles Bowman.
     
    91SpringBoard engages with more than 25,000 start-ups and fintechs globally while IvyCamp is engaged with more than 5,000.
     
    AEP is part of HDFC Bank’s Centre of Digital Excellence, where the objective is to create a mutually beneficial ecosystem with relevant players in the start-up space. Other initiatives include a Digital Command Centre and ‘Industry Academia’, which aims at mentoring and hand-holding fintechs and start-ups incubated at country’s top technical and B-schools. The Bank also organises Digital Innovation Summit, an annual event to identify path-breaking fintech solutions.

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    Business Wire India

    Prime Minister Shri Narendra Modi and Chief Minister of Uttarakhand Shri Trivendra Singh Rawat at Destination Uttarakhand: Investors' Summit 2018
    Prime Minister Shri Narendra Modi and Chief Minister of Uttarakhand Shri Trivendra Singh Rawat at Destination Uttarakhand: Investors' Summit 2018

    Indo UK Institute of Health (IUIH), one of the largest healthcare infrastructure projects in the world, has signed up a Memorandum of Understanding (MoU) with the Government of Uttarakhand for setting up an integrated IUIH Medicity in the state. Signed during Destination Uttarakhand Investors Summit 2018, this initiative shall deliver to the people of the state world-class NHS standard healthcare that’s available, affordable and accountable. IUIH shall enable Uttarakhand to emerge as a global hub for medical tourism, medical equipment and device manufacturing, pharmaceutical production; and cutting-edge medical research.
     
    According to Dr. Ajay Rajan Gupta, Managing Director and Group CEO, IUIH, “The IUIH Medicity to come up in Uttarakhand will be developed with an investment outlay of Rs. 1600 crores. It will have a 1000 bed hospital in association with one of UK’s leading NHS hospital.” 
     
    The IUIH Medicity in Uttarakhand shall also have medical college, nursing college, PG academy and a training facility for allied health professionals. It shall also have a separate zone for medical equipment and device manufacturing, and pharmaceutical production. Cutting edge medical research shall be carried out at the IUIH Medicities in areas as diverse as genomics & stem cells, translational research and clinical research leveraging on the patient data available.

    Dr. Rajdeep Singh Chhina, COO, IUIH, said, “The objective is to make every IUIH Medicity a medical tourism hub and attract the patient traffic from across the globe. NHS standard healthcare at lower price points is our winning formula to tap the medical tourism business potential. This shall not just contribute to the exchequer but lead to overall development of the region too, in line with the government’s Smart Cities initiative.”
     
    IUIH has retained Elara Capital Plc as Financial advisor for raising funds for its projects in India. Mr. Raj Bhatt, Founder & CEO, Elara Capital Plc said “The organised healthcare space in India is growing at a rapid pace. IUIH with its unique relationship with NHS, UK, has a very promising future and there is a strong interest from institutional investors and we feel privileged to be part of this project.”
     
    IUIH has tied up with some of the leading implant companies, and medical equipment and device manufacturers. Many of them would start their manufacturing operations in IUIH Medicities in accordance with Prime Minister Modi’s ‘Make in India’ program bringing the healthcare cost further down for patients in India.
     
    “We are also relying heavily on technology for big data analytics. Our e-Health and m-Health platforms will facilitate exchange of patients’ medical records electronically using telemedicine, tele-radiology and tele-pathology for diagnostics etc. It’s all about covering the last mile and taking healthcare services down to patient’s doorstep,” informed Dr. Ajay Rajan Gupta.
     
    Besides Uttarakhand, the other states to benefit from the IUIH programme include Assam, Andhra Pradesh, Gujarat, Haryana, Karnataka, Maharashtra, Madhya Pradesh, Punjab, Rajasthan, Telangana, Uttar Pradesh and West Bengal. About IUIH

    The Indo UK Institute of Health (IUIH) Medicity Programme was announced as a Joint Statement between the Prime Minister of India Shri Narendra Modi and the former Prime Minister of the United Kingdom Mr. David Cameron in 2015. The programme involves an investment of close to Rs 20,000 crores into Indian healthcare aimed at benefitting over 400 million Indians by opening 13 institutes across India in partnership with the world’s best healthcare system - the National Health Service (NHS), UK.
     
    Healthcare UK and Department for International Trade (DIT) India are supporting IUIH with its plans. The project is supported by Ministry of Health and Family Welfare, Government of India and Invest India, which is the national investment promotion and facilitation agency for India promoted by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India.
     
    About Elara Capital
     
    Elara Capital Plc has emerged as a leading investment bank and equity house that raises money for Indian corporates looking for overseas funding and is ranked among the top investment banks in the Bloomberg league tables. It has completed transactions worth billions of dollars and expanded the scope of its services to include M&A and Private Equity Advisory, Broking Services, Asset Management and Wealth Management. Elara’s Equity Research Team is renowned for delivering high-end, valued-added research on Indian equity markets to clients across the world. Elara is headquartered in London and has offices in New York, Singapore, Dubai, Mauritius and India.

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    Business Wire India

    OTCXN, a blockchain-powered capital markets infrastructure company, announced that it has signed Kingdom Trust to serve as a neutral, third-party custodian of assets for trading entities and exchanges that use OTCXN technology to facilitate clearing and settlement of OTC block trades and cross-exchange trading. Kingdom Trust is the first regulated financial institution to offer qualified custody for digital asset investments like Bitcoin and Ethereum, with more than $12 billion in custody.

     

    The biggest problem for institutions in the cryptocurrency space prior to OTCXN’s launch has been the lack of a clearing and settlement solution that eliminates trading counterparty and settlement risk while connecting all global liquidity providers and exchanges. OTCXN’s multi-custodian solution solves this problem and delivers global liquidity access with a single account at the preferred custodian of a trading desk or exchange. Kingdom Trust will play a key role in supporting the expansion of the OTCXN network by providing clients with safe and capital efficient access to this global liquidity through OTCXN’s market leading trading platforms.

     

    “We are extremely pleased to have Kingdom Trust on board and using OTCXN’s Custodian Desk platform to support our mutual institutional clients that trade digital assets such as cryptocurrencies over OTCXN’s unique network. Kingdom Trust is one of only a few regulated US entities that offers stand-alone custody services in both Fiat and Cryptocurrencies. They stand out for their integrity, experience, state-of-the-art infrastructure and client asset protection,” stated Rosario M. Ingargiola, CEO and Founder of OTCXN.

     

    Kingdom Trust is an independent qualified custodian with a decade of experience in the alternative asset space. As a regulated trust company, Kingdom Trust offers a regulatory compliant environment, including AML/KYC, for both domestic and international clients. Kingdom Trust takes a holistic risk management approach to its assets, combining robust segregation of responsibilities with cold storage, backed by insurance for assets held.

     

    “By partnering with OTCXN, Kingdom Trust will be able to offer its clients the best of both worlds, i.e., the ability to 'trade hot, store cold.' The OTCXN platform, its network, and partners will offer the power of rapid liquidity to clients and markets where that has been in short supply. The combined solution leverages technology to eliminate counterparty and settlement risk, delivering benefits for all participants in the ecosystem. We are excited to play a role in this transformative approach,” said Matt Jennings, CEO of Kingdom Trust.

     

    Unique Solutions for Custodians

     

    OTCXN provides custodians with a proprietary blockchain-based solution for trading cryptocurrencies and other assets without counterparty and settlement risk. The solution allows custodians, at their clients’ request, to create blockchain ledger entries backed by their assets to the OTCXN platform. Once the assets are digitally reflected on the OTCXN network, they can be freely traded with any other counterparty on the network. The solution provides continuous net settlement reporting, with point-in-time snapshot features and workflow tools to support periodic net settlement movements between custodial accounts.

     

    Unique Solutions for Institutional Trading Desks and Exchanges

     

    Clients will access Trade Desk with an OTC Block Trading platform, which allows for institutional RFQ-based trading with any other counterparty on the network, all of whom have cleared applicable AML/KYC requirements. Trades on OTCXN execute as an atomic exchange of provable assets on the custodial blockchain ledgers in real-time, for instant clearing and settlement, with underlying assets held at the custodian, and crypto assets remaining in cold or deep cold storage. This approach to trading crypto assets that remain in cold storage, besides exponentially increasing transaction speeds, also minimizes information leakage for large OTC trades that would otherwise get recorded on the public Blockchain on a trade-by-trade basis.

     

    Later this year, OTCXN will be launching its high-performance matching engine, LiquiMatch, as both a Dark Pool and Central Limit Order Book-style exchange for cryptocurrencies. Clients of custodians on the network will be able to access liquidity across all OTCXN trading platforms via a single account. In addition to handling native orders, LiquiMatch aggregates external exchange liquidity that is tradable without placing assets at the underlying exchanges.

     

    OTCXN will also be introducing support for custom settlement times such as end-of-day or T+1 to support the needs of some of the largest liquidity providers. Additionally, OTCXN will be opening up its network to third-party credit and collateral providers that can provide leverage financing for institutional traders' positions, both long and short, through the provision of margin loans, coin repos, and other financial products.

     

    OTCXN’s Solution Scales Crypto Markets

     

    The OTCXN solution has strong appeal to custodians that hold crypto assets for institutional clients because the cryptocurrency is always held in deep, cold storage, rather than being held at an exchange or being in flight, as it is when traded over-the-counter. The OTCXN approach significantly increases safety for institutional clients and reduces administrative overhead for custodians with clients engaged in active trading. An immutable record of all transactions on a proprietary blockchain layer brings transparency and provability to facilitate the audit, fund administration and regulatory requirements of institutional clients.

     

    “What we have created is an institutional-grade Layer 2 network, like Lightning Network, except that it operates across all crypto assets and at institutional scale and capacity,” says Ingargiola. “You simply cannot scale the crypto markets to institutional levels without removing public ledger transactions from the real-time trading critical path. OTC trades between counterparties on opposite ends of the globe are done, cleared and settled in less than a second – 1,000’s of times faster than any other platform and without any initiator risk,” said Ingargiola.

     

    “Current crypto exchanges are true islands of liquidity that OTCXN bridges for the first time by facilitating cross-exchange trading, clearing and settlement via a single account at a custodian on the network. The technology that makes this possible eliminates holding assets at each underlying exchange, removing counterparty risks and capital inefficiencies that represent barriers to institutional adoption, as well as scaling institutional trading volumes,” added Ingargiola.

     

    Any exchange can join the OTCXN network by placing a portion of client assets at a custodian such as Kingdom Trust.

     

    OTCXN previously announced that it had completed the world’s first live trades of digitized US dollars for digitized Bitcoin, which cleared and settled instantly as an atomic exchange of assets with no initiator risk to either party, and where the underlying assets were held by a third-party, neutral custodian.

     

    About OTCXN

     

    OTCXN is a capital markets infrastructure company using asset digitization, proprietary blockchain technology, real-time collateral management and an array of institutional trading platforms to organize global liquidity and make it tradable via a single account at a custodian on the network. OTCXN has developed the first technology platform that eliminates counterparty and settlement risk without the use of balance sheet and credit, and without becoming a counterparty to transactions. For more information, visit www.otcxn.com and @OTCXN.

     

     

     

     

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    Business Wire IndiaFiorano Software, a leading provider of enterprise integration middleware announced today that it has partnered with Transnational Technology Solutions Lanka (Pvt.) Ltd., a leading Sri Lankan IT company to deliver business productivity solutions for the enterprise segment.

    "As a progressive Sri Lankan IT company offering cutting-edge software applications and SI solutions to the Financial Services Industry, we value the partnership with Fiorano as strategic and timely to support our current initiatives of helping banks achieve Digital Transformation in Sri Lanka. This strategic partnership will surely provide our customers an advantage in terms of speed and reliability," said Sunimal Weerasooriya, Sr. Vice President – Technology, Productivity & Innovation of Transnational Company, Singapore and Executive Director of Transnational Technology Solutions Lanka.

    With its innovative features to communicate and integrate heterogeneous business applications and multi-vendor technology infrastructures, Transnational Technology Solutions Lanka is confident that Fiorano has all the necessary capabilities to address today's business productivity and integration challenges.

    "Fiorano, a leader in enterprise integration middleware, has been actively promoting its products in Asia Pacific region. Sri Lanka is a key market for our growth in the region and Transnational Technology Solutions Lanka, being one of the progressive IT companies, brings a necessary edge to penetrate this market," said Rajesh Rao, Director Business Development, Fiorano Software.

    With Fiorano’s innovative integration and middleware technology added to their end-to-end solutions range, Transnational Technology Solutions Lanka aims to deliver higher value and best-in-class products & services which will increase the competitive advantage of its customers. Benefits of using Fiorano Middleware Stack include ease of use, ability to create new workflows with no programming efforts, scalability and lower TCO.
    About Transnational Group & Transnational Technology Solutions Lanka

    Transnational Technology Solutions Lanka, the technology arm of Transnational Group of Companies is in the business of providing innovative, value-add quality logistics solutions to its customers. It plays a significant role in supporting the banking industries in the Asia Pacific Region. 

    About Fiorano Software

    Founded in 1995, Fiorano has been a trusted provider of enterprise integration middleware and high-performance messaging software products. Global companies including L’Oréal, NASA, US Coast Guard, and Vodafone have deployed Fiorano to achieve digital transformation, yielding unprecedented productivity.

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    Business Wire IndiaSeeking affordable finance in a time-bound manner is the most sought after demand among Indian MSMEs. Accessing affordable finance has emerged as the top priority for today’s MSMEs, in a nationwide survey titles ‘What MSMEs Want?’ conducted by the SMEStreet.

    SMEStreet has conducted a nationwide study titled as What MSMEs Want? in order to understand the top five priorities of Indian MSMEs. In this activity, entrepreneurs from more than 70 cities and industrial towns of India, representing various industry fields have been approached. More than 50,000 CXOs were approached touching upon more than 70 cities and towns of business or industrial relevance.

    This SMEStreet survey ran for over 8 weeks and after getting a considerable amount of responses we got some key indications from the MSME community.

    The questions were sent through digital modes and the questions were purposely kept simple.

    “As the title goes, ‘What MSMEs Want?’, the idea of doing this kind of survey was simply to understand top demands of SMEs about what they want in order to do business happily and smoothly. The survey methodology was kept simple and we only asked a list of top priorities of business from the entrepreneurs,” says Faiz Askari, Founder Editor of SMEStreet.in.

    According to SMEStreet Survey What MSMEs Want? – Top Priorities of MSMEs here are the Five Key Priorities: 

    1. Finance Access /Affordable Finance
    2. New Business Streams/New Business Development
    3. Streamlining Business Processes / Documentation
    4. Optimizing Profitability
    5. Accessing Talented Manpower
    There were more than 55,000 top management CXOs, Business owners were approached across India for this survey. There are 3845 complete responses came back. The Top five priorities were analysed after tabulation of these responses.

    “Although the total number of responses was quite high if we include some incomplete responses also,” Faiz added, “Affordable finance emerged as the number one demand for Indian MSMEs unanimously. For example, this is the priority for a garment manufacturer as well as ITeS company owner.”

    Because the responses were slightly subjective in nature as the respondents were asked to express their priority with a brief explanation of why they feel that priority is a priority for their respective business. This pattern of responses can be understood as a trend with MSMEs.

    Here are some brief descriptions of the analysis of the following priorities:

    Finance Access/Affordable Finance

    Close to 83% MSMEs who responded in the survey expressed ‘accessing finance or accessing affordable finance is a priority for their business’. This statement shows that there is a big scope of opportunity in filling a communication gap between Banks and MSMEs. This is an aspect which needs clarity from both from both ends. Banks and banking systems work on specific thumb rules, and within those thumb rules --knowing the unique business environment is a missing gap. Because of this, the lending equation most of the times doesn’t appeal to an entrepreneur. Similarly, an entrepreneur in many cases found completely unaware of the fact that banks require documents. And there is a specific set of documents which are needed. However, this is a long debatable issue which needs a lot of discussion and understanding of both sides.

    Notwithstanding, recent banking and lending frauds have led to the even tough situation for the aspect of the availability of affordable finance for MSMEs. We have discussed that in past and will continue to focus this element in future as well.

    New Business Streams/New Business Development

    This was preferred by over 53 % MSME respondents in the survey. Our analysis, based on the responses we have got, says that MSMEs since they are resource, crunched they often spend most of their time in serving or managing their limited and long-term customers. This limits their scope of business growth. However, the urge of new business emerges when the second generation joins the business.

    Streamlining Business Processes/Documentation

    Around 41% respondents rated the urge of streamlining their processes and managing documentation for their businesses as a priority.

    This factor at such a position is due to the fact that our economy has recently undergone major transformation through GST. However, the new tax regime is ultimately to simplify the documentation process but the information flow regarding the GST claimed a lot of time from the entrepreneurs' schedule. This element is expected to get reduced with time to come. But the major reason for this aspect at the number three position is because of the lack of automation within the business environment of MSMEs. However, the government’s focus on digital payments is expected to resolve this challenge as a priority for MSMEs.

    Optimizing Profitability

    Around 37% respondents feel that their business profitability can be increased. They strive for that as a business priority. This reflects that vendor ecosystem around MSMEs needs to offer the best pricing for the raw materials involved in case of manufacturing MSME and vendor services provided to a service class MSME.

    Accessing Talented Manpower

    Close to 34% per cent MSMEs feel that their priorities their operations in order to attract qualified talent. However, this priority is due to the fact majority of business students from leading business schools or engineering colleges prefer to work in MNCs or else established brands. MSMEs falls low in the order to student’s preference. This leads to a quest for MSME entrepreneurs to attract talent.

    This initiative of SMEStreet was just to understanding the evolving behaviour of Indian MSME entrepreneurs. It is so obvious to analyze that business as a whole is transforming, Indian MSMEs are the most important part of this evolving and transforming business ecosystem. Sometimes this transformation is due to any government policy or taxation structure, but sometimes this transformation is due to the new generation joining the business or some new trend becoming popular in the respective business vertical. So, the transformation is inevitable, what is important for the entrepreneur is to change the priority and what is important for the policymaker to understand their changing priorities of entrepreneurs. 

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    Business Wire India

    Snapdeal's Mega Diwali Sale goes live
    Snapdeal's Mega Diwali Sale goes live

    • 49” Full HD LED TV at 50% discount | Treadmills at 60% discount
    • 50% off on Godrej Safes | 10-20% off on Cleartrip, MakeMyTrip e-Gift Cards
    Snapdeal, India’s largest value-focused e-commerce marketplace, has kicked off its Mega Diwali Sale, offering buyers the opportunity to add three types of discounts to get the lowest price for their purchases.
     
    For instance, a 49” Full HD LED TV is priced at Rs 22,990 against the full price of Rs 39,990. Using IndusInd Bank or Standard Chartered Bank cards, buyers can get another Rs 2000 additional discount. They can then also apply a “GET400” promo code to save another Rs 400. Thus, the effective price would be reduced to Rs 20,590, a saving of nearly 49%.
     
    Similar offers are also available on popular items like Fastrack / Titan watches, sunglasses, JBL sound bars, Philips bluetooth speakers, trimmers and hair dryers.
     
    A range of household offers includes fast selling items like gas stoves, pressure cookers, cotton bed sheets, double-walled coffee and tea mugs.
     
    Motorized treadmills, leg & foot massagers, fitness equipment and activewear (track pants, t-shirts etc.) are very popular Diwali purchases.
     
    According to a Snapdeal spokesperson, “The Mega Diwali Sale is built around offering great value on products, which are traditionally a part of annual Diwali shopping by families across the country. We have studied the user purchase patterns over the past many festive seasons to finalise the selection so that users can find on Snapdeal all the items on their Diwali shopping list.”
     
    Snapdeal’s Mega Diwali Sale went live at midnight on 10th October and will continue for 5 days till 14th October.

    Early Trends from the Sale:
    • The top selling items from the first 10 hours of Snapdeal’s sale are headphones, beard trimmers, speakers and memory cards in the electronics category.
    • Water purifiers, bed linen and kitchen gadgets also clocked maximum sales in the initial hours of the sale.
    • A large number of buyers were observed utilizing both the 15% card-based discounts and the promo code at checkout.
    Here are some glimpses from the Mega Diwali Sale:
     
    Ethnic Wear
    ●     Stylish Kurtis - A-Line, Anarkali & more: Starting Rs 299
    ●     Tops, Dresses, Jeans & more: discount of up to 80%
    ●     Gold Plated Jewellery: under Rs.599

    Home Decoratives
    ●     Wall Decor: Rs 79
    ●     Curtains: Rs 99
    ●     Lamps and lighting: Rs.499
    ●     Bed linen: Rs.249 
     
    Fashion
    ●     Men's Watches - Titan, Fastrack & more 20%-80% off
    ●     Sportswear - Track pants, T-Shirts, Shorts for Men under Rs 999
    ●     Men's Tees & Polos under Rs 699 at Min. 40% off
    ●     Men's Casual & Formal Shirts - Mufti, John Players & more 40%-70% off
    ●     Men's Football Shoes Starting Rs 599
    ●     Men's Jeans - Spykar, Pepe Jeans, Flying Machine & more 40%-70% off
    ●     Women's Watches - Fastrack, Sonata & more 20%-80% off
    ●     Women's Footwear - Catwalk & Lavie Min. 50% off
    ●     Uber-Cool Sunglasses - Min. 50% off
    ●     Best Selling Handbags - Diana Korr, Fostelo & more Min. 50% off

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    Business Wire India

    Dr. Niranjan Hiranandani, CMD, Hiranandani Group & National President, NAREDCO
    Dr. Niranjan Hiranandani, CMD, Hiranandani Group & National President, NAREDCO

    Telling afresh the growth story of Indian real estate, while not just communicating the message of the new regulatory regime post implementation of the Real Estate (Regulation and Development) Act, 2016 but also bringing home the advantage of fall in value of rupee vis-à-vis the US Dollar as also the United Arab Emirate Dirham (AED), among other currencies, Dr. Niranjan Hiranandani, National President, National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing and Urban Affairs, Government of India, reached out to the Indian diaspora in the Gulf Cooperation Council (GCC) Countries.
     
    On 29 September 2018, Dr. Niranjan Hiranandani, who is also co-founder and MD, Hiranandani Group, addressed a media meet in Dubai, United Arab Emirates (UAE), where he re-told the story of India as a nation where infrastructure growth is on the Indian Government’s priority list; where post RERA and GST, buying a home is a safer and more secure experience and for the Non Resident Indian (NRI), the global currency fluctuation made buying ‘a home, back home’ an even more sweeter deal. “Investment by NRIs in Indian property has doubled, from $5 billion in 2014 to $10.2 billion in 2018,” he pointed out.
     
    The message shared by Dr. Niranjan Hiranandani was that rise in Indian real estate deals through 2018 was driven by policy changes and enhanced transparency, and media across not just the UAE but also some of the GCC countries have responded positively, with coverage enabling Dr. Niranjan Hiranandani to reach out to the huge Indian diaspora across the GCC countries. Pointing out that new housing launches across top seven cities in India increased 27 percent y-o-y in January-March 2018, Dr. Niranjan Hiranandani added in his interaction with the GCC media that while the Indian real estate market is expected to touch $180 billion by 2020, Housing is expected to contribute around 11 percent to India’s GDP by 2020.    .
     
    CityScape, arguably the largest Global real estate expo in the UAE, launched on 02 October in Dubai, where visitors were given a complimentary copy of Gulf Property Magazine, whose contents included a special feature where Dr. Niranjan Hiranandani shares his thoughts on Indian real estate, its attractiveness to NRIs, and the added sweetener of currency value movements in the global markets.
     
    “We are seeing a scenario which is a lot like what was seen in 2012,” said Dr. Niranjan Hiranandani. “The percentage of NRI buyers in Indian real estate in the Metro Cities ranges from 8 to 12 percent. In 2012, when the Indian rupee’s value went down, NRI buyers took advantage of the situation, ending up with almost 25 percent of total sales in 2012. In 2018, we have RERA providing transparency as regards the transaction and accountability on part of the real estate developer. Digitization and push towards online permissions translate into an advantageous situation for home buyers, especially the NRIs. We expect not just a repeat of 2012, but also increase in numbers of NRIs opting to buy Indian real estate while taking advantage of the currency value fluctuation,” he added.
     
    “The Indian Government has launched various initiatives, including ‘101 Smart Cities’ as also ‘Housing for All by 2022’, which have led to positive results. Similarly, the focus on affordable housing as a segment which has been given infrastructure status as also other benefits including taxation benefits and subvention schemes has resulted in this segment getting a boost. It all leads to a positive situation, which is apt for expatriate Indians to invest in,” he added.
     
    Growth in the Indian real estate market is being driven by the fast rate at which urbanization is happening. A recent survey mentioned India’s urban population as expected to reach 800 million in the next 30 to 35 years, becoming equal in size to India’s rural population. “Given this, it has become imperative for the Indian Housing Industry to accentuate and rise to the occasion and match the demand,” said Dr. Hiranandani.

    “NAREDCO has been working in sync with the Indian Government on various aspects which would provide the much-needed impetus and fillip for enhancing growth in real estate,” he added. “As overseas investor sentiment turns ‘sunnier’, the NRI will be able to buy property by paying fewer dollars now. Hopefully, in the new regulatory regime, this trend will continue - not just in 2018, but also in the future,” concluded Dr. Niranjan Hiranandani.

    Dr. Niranjan Hiranandani is Founder and MD, Hiranandani Group, his recent initiative is Hiranandani Communities. He is the President, National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing and Urban Affairs, Government of India.

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    Business Wire India

    IDEMIA, the global leader in Augmented Identity, announces its partnership with JCB, the only international payment brand based in Japan, to launch Google Pay in Japan.

     

    Users will be able to make contactless mobile payments in store using their JCB branded credit, debit, and prepaid cards enrolled in their Google Pay, at places such as convenience stores, supermarkets, drug stores and other shops where QUICPay is accepted.

     

    To enable Google Pay for JCB cardholders, JCB leverages an agnostic and scalable payment card tokenization and digitization infrastructure, the JCB Tokenization Platform (JTP). It relies on IDEMIA’s field-proven digital payment solution. It allows not only JCB, but also its issuing and processing partners to integrate with Google Pay and offer real-time enrolment, provisioning and tokenization capabilities. Users in Japan can, therefore, add their JCB cards in the Google Pay app on their Osaifu Keitai-compatible phones equipped with Android 5.0 or higher version.

     

    We are delighted to be able to provide our customers with the ability to use Google Pay by leveraging QUICPay’s wide acceptance network in Japan.” said Masaki Yokawa, Executive Vice-President for Brand Business at JCB. “We believe the service will enhance the convenience and experience for JCB card members with the simple and intuitive user interface. JTP plays an integral part for making this happen, and we are proud to have worked with IDEMIA, who has a proven track record in this area, in order to add the Google Pay capability to the platform.”

     

    Nobuyoshi NEZU, Representative director at IDEMIA Japan declared: "We are proud to have worked together with JCB in the deployment of Google Pay in Japan. This represents another milestone in our long-term partnership. IDEMIA is the mobile payment enablement partner of choice for JCB, by offering IDEMIA’s field-proven Digital Enablement Platform. IDEMIA’s technology and services are deployed at scale with tens of millions of cards digitized so far across the world.”

     

    For more information about Google Pay, visit https://pay.google.com/about/ or get the Google Pay app

     
    • Google Pay and Google are trademarks of Google LLC.
    • QUICPay is the contactless payment product developed by JCB for the Japanese market. QUICPay is a registered trademark of JCB for its contactless payment solution.
    • Osaifu-Keitai is the Standard mobile payment system, only available to subscribers in Japan. Osaifu Keitai is a trademark of NTT DOCOMO, INC.
       

    About JCB
    JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

     

    About IDEMIA
    OT-Morpho is now IDEMIA, the global leader in Augmented Identity 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, Public Security and IoT sectors.
    OT (Oberthur Technologies) and Safran Identity & Security (Morpho) have joined forces to form IDEMIA. With close to $3 billion in revenues and 14,000 employees around the world, IDEMIA serves clients in 180 countries.
    For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

     

     

     

     

     

     

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    Business Wire India

    JPMorgan Chase Bank, N.A. (the “Offeror”) today announces an offer to purchase (the “Offer”) to holders (the “Bondholders”) of its USD 350,000,000 zero coupon cash settled exchangeable bonds due 2021 (XS1748457352), of which USD 350,000,000 in aggregate principal amount is currently outstanding (the “Bonds”) on the terms described in this Press Release.

     

    The Offeror is offering to purchase any and all of the Bonds for cash at the purchase price of USD 185,000 per USD 200,000 in principal amount of the Bonds validly tendered by Bondholders pursuant to the Offer.

     

    J.P. Morgan Securities plc is acting as Dealer Manager and The Bank of New York Mellon, London Branch is acting as Tender Agent, each in relation to the Offer.

     

    Timetable for the Offer

     

    The timetable for the Offer is set out below:

     
           
    Launch Date     10 October 2018
           
    Interim Settlement Deadlines    

    4.00 p.m. (London time) on 16 October 2018, 23 October 2018 and 30 October 2018

     

     

     

    In relation to tenders validly made at or prior to each Interim Settlement Deadline, the Offeror intends to settle Bonds accepted for purchase (if any) on the corresponding Interim Settlement Date which shall be the date falling three London and New York Business Days following the relevant Interim Settlement Deadline

     

     

     

    Tender Instructions (as defined below) must be received by the Tender Agent via Euroclear Bank SA/NV (“Euroclear”) or Clearstream Banking, S.A. (“Clearstream, Luxembourg”) at or prior to the relevant Interim Settlement Deadline for the relevant Bonds to be accepted for purchase and settled on the Interim Settlement Date corresponding to that Interim Settlement Deadline

           
    Expiration Deadline    

    4.00 p.m. (London time) on 6 November 2018

     

     

     

    Tender Instructions must be received by the Tender Agent via Euroclear Clearstream, Luxembourg at or prior to the Expiration Deadline for the relevant Bonds to be eligible for purchase

           
    Announcement of Results     Announcement of the final aggregate principal amount of the Bonds accepted for purchase pursuant to the Offer will be made as soon as reasonably practicable after the Expiration Deadline by publication of such information by delivery of a notice to Euroclear and Clearstream, Luxembourg (the “Clearing Systems”) for communication to Direct Participants (as defined below).
           
    Expected Final Settlement Date     9 November 2018
           

    Bondholders are advised to check with any bank, securities broker or other intermediary (including any Direct Participant of a Clearing System) through which they hold their Bonds as to the deadline by which such intermediary would require receipt of instructions to participate in, or withdraw their Tender Instructions to participate in, the Offer to meet the deadline set out above.

     

    The deadline set by any such intermediary (including any Direct Participant of the Clearing Systems) is likely to be earlier than the deadline specified above.

     

    The Offeror expressly reserves the right, in its sole discretion and subject to applicable law, at any time, to (i) extend the Expiration Deadline, (ii) retain the Bonds successfully tendered by Bondholders pursuant to the Offer and (iii) amend the other terms of the Offer in any respect. Any amendment applicable to the Offer will apply to all Bonds tendered pursuant to the Offer. If the Offeror makes a material change in the terms of an Offer or the information concerning the Offer, it will disseminate additional disclosure materials and extend the Offer to the extent required by law.

     

    Participating in the Offer

     

    Only Direct Participants can submit Tender Instructions. Bondholders who intend to participate in the Offer and who are Direct Participants of a Clearing System must take the actions set out below directly. Bondholders who want to participate in the Offer and who are not Direct Participants of a Clearing System must submit Tender Instructions by instructing the bank, custodian or intermediary through which they hold the Bonds. Any costs or expenses incurred by a bank, custodian or intermediary submitting Tender Instructions will be borne by the relevant Bondholder. A “Direct Participant” is a person shown in the records of the relevant Clearing System as a holder of the Bonds.

     

    Instructions to tender Bonds pursuant to the Offer (“Tender Instructions”) should be sent to the relevant Clearing System in accordance with the usual procedures of such Clearing System. The tendering of Bonds in the Offer will be deemed to have occurred upon receipt by the Tender Agent from the relevant Clearing System of a valid Tender Instruction submitted in accordance with the requirements of such Clearing System. The receipt of such Tender Instruction by the relevant Clearing System will be acknowledged in accordance with the standard practices of such Clearing System and will result in the blocking of the relevant Bonds in the Bondholder’s account with the relevant Clearing System so that no transfers may be effected in relation to such Bonds.

     

    Tender Instructions are irrevocable upon submission except in the limited circumstances described in “General Conditions of the Offer”.

     

    New Bond Offering

     

    The Offeror also announced today the launch of an offering of cash-settled exchangeable bonds due 2021 (the “New Bonds”) in minimum aggregate principal amount of USD 150,000,000. The New Bonds are referable to ordinary shares of Dufry AG. Exchange rights in respect of the New Bonds will be cash-settled only.

     

    Contact Details

     

    Requests for information in relation to the terms of the Offer should be directed to:

     

    J.P. Morgan Securities plc
    25 Bank Street
    Canary Wharf
    London E14 5JP
    United Kingdom

     

    Attention: J.P. Morgan equity-linked team
    Telephone: +44 207 134 2650
    Email: Eql_LM@jpmorgan.com

     

    Requests for information in relation to the procedures for participating in the Offer should be directed to:

     

    The Bank of New York Mellon, London Branch

     

    One Canada Square
    London E14 5AL
    United Kingdom
    Attention: Debt Restructuring Services
    Telephone: +44 (0) 1202 689644
    Email: debtrestructuring@bnymellon.com

     

    Inside Information

     

    This press release relates to the disclosure of information that qualified, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulations.

     

    GENERAL CONDITIONS OF THE OFFER

     
           
    1.     Bondholders who wish to participate in the Offer must validly tender at least USD 200,000 in principal amount of Bonds.
           
    2.     Participation in the Offer is conditional upon the submission of Tender Instructions which, in the sole discretion of the Offeror, have been validly made and the Offeror is under no obligation to any relevant Bondholder to furnish any reason or justification for refusing to purchase any Bonds tendered pursuant to the Offer. For example, tenders of Bonds pursuant to the Offer may be rejected if the Offer is terminated or if the tender of the Bonds does not comply with the requirements of a particular jurisdiction.
           
    3.     All payments by or on behalf of the Offeror pursuant to and in connection with the Offer will be made net of any withholding or deduction for, or on account of, any taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of any authority having power to tax. If any such withholding or deduction is so required, the Offeror is entitled to withhold or deduct any amount from such payments to satisfy the withholding or deduction and none of the Offeror, the Tender Agent or the Dealer Manager shall be obliged to pay any additional amounts to Bondholders in respect of such withholding or deduction.
           
    4.     If the Offeror amends the Offer in any way that, in the opinion of the Offeror (following consultation with the Dealer Manager), is materially prejudicial to Bondholders that have already submitted Tender Instructions before the announcement of such amendment and where settlement of the purchase of the relevant Bonds has not already occurred before such announcement (which announcement shall include a statement that in the opinion of the Offeror such amendment is materially prejudicial to such Bondholders), then such Tender Instructions may be revoked for a period of 24 hours following such announcement in accordance with the procedures of the relevant Clearing System (and settlement of such Tender Instructions shall be suspended for such period). For the avoidance of doubt, any Bondholder who does not exercise any such right of revocation in the circumstances and in the manner specified above, shall be deemed to have waived such right of revocation and its original Tender Instruction will remain effective. A Tender Instruction may be revoked by a Bondholder (if such Bondholder is a Direct Participant), or the relevant Direct Participant on its behalf, by submitting a valid electronic withdrawal instruction to the relevant Clearing System. To be valid, such instruction must specify the Bonds to which the original Tender Instruction related, the securities account to which such Bonds are credited and any other information required by the relevant Clearing System. Tender Instructions may not be withdrawn after the settlement of the purchase of the relevant Bonds.
           
    5.     Each Bondholder is solely responsible for making its own independent appraisal of all matters (including those relating to the Offer, the Bonds, the Offeror and Dufry AG whose shares the Bonds are referable to) as such Bondholder deems appropriate, including taxation matters, in determining whether to tender Bonds pursuant to the Offer and, if so, the aggregate principal amount of Bonds it wishes to tender.
           
    6.     The Offer, any acceptance of the Offer by Bondholders, and any non-contractual obligations arising out of or in connection with the Offer, shall be governed by and construed in accordance with English law.
           

    OFFER RESTRICTIONS

     

    This Press Release does not constitute an Offer to purchase Bonds in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such an offer under applicable securities laws. The distribution of this Press Release in certain jurisdictions may be restricted by law. Persons into whose possession this Press Release comes are required by each of the Offeror, the Tender Agent and the Dealer Manager to inform themselves about, and to observe, any such restrictions.

     

    United Kingdom

     

    The communication of this Press Release by the Offeror and any other documents or materials relating to the Offer is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may only be communicated to (1) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); (2) persons who fall within Article 43(2) of the FPO; or (3) any other persons to whom these documents and/or materials may lawfully be communicated. Any investment or investment activity to which this Press Release relates is available only to such persons or will be engaged in only with such persons and other persons should not rely on it.

     

    France

     

    The Offer is not being made, directly or indirectly, to the public in the Republic of France (“France”). Neither this Press Release nor any other document or material relating to the Offer has been or shall be distributed to the public in France and only: (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d’investissement de gestion de portefeuille pour compte de tiers); and/or (ii) qualified investors (investisseurs qualifiés), acting for their own account, all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 of the French Code Monétaire et Financier are eligible to participate in the Offer. This Press Release has not been submitted for clearance to the Autorité des Marchés Financiers.

     

    Italy

     

    None of the Offer, this Press Release or any other documents or materials relating to the Offer have been submitted to the clearance procedures of the Commissione Nazionale per le Societa e la Borsa (CONSOB) pursuant to Italian laws and regulations. The Offer is being carried out in the Republic of Italy (“Italy”) as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the Financial Services Act) and article 35-bis, paragraph 3 of CONSOB Regulation No. 11971 of 14 May 1999, as amended.

     

    Accordingly, the Offer is only addressed to holders of Bonds located in the Republic of Italy who are “qualified investors” (investitori qualificati) as defined pursuant to and within the meaning of Article 100 of the Financial Services Act and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended. Holders or beneficial owners of the Bonds may tender their Bonds pursuant to the Offer through authorised persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007, as amended from time to time, and Legislative Decree No. 385 of September 1, 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority. Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Bonds or the Offer.

     

    Switzerland

     

    Neither this Press Release nor any other offering or material relating to the Offer constitutes a prospectus as such term is understood pursuant to article 652a or article 1156 of the Swiss Federal Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange Ltd. Accordingly, the investor protection rules otherwise applicable to investors in Switzerland do not apply to the Offer. When in doubt, investors based in Switzerland are recommended to contact their legal, financial or tax adviser with respect to the Offer.

     

    General

     

    This Press Release does not constitute an offer to sell or buy or a solicitation of an offer to sell or buy the Bonds, as applicable (and any participation in the Offer will not be accepted from Bondholders) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer and any of the Dealer Manager or its affiliates is such a licensed broker or dealer in such jurisdictions, the Offer shall be deemed to be made by the Dealer Manager or its affiliate (as the case may be) on behalf of the Offeror in such jurisdictions.

     

    REPRESENTATIONS

     

    By participating in the Offer, each Bondholder and any intermediary on such Bondholder’s behalf shall be deemed to agree, and acknowledge, represent, warrant and undertake to the Offeror, the Tender Agent and the Dealer Manager on the date of submission of the relevant Tender Instruction, the Expiration Deadline and the Settlement Date that:

     
                 
    (i)     it has reviewed and accepts the General Conditions of the Offer and the Offer Restrictions, as set out in this Press Release, and confirms that it is able to participate in the Offer in compliance with the Offer Restrictions;
                 
    (ii)     it is not a person to whom it is unlawful to make the Offer under applicable securities laws and it has complied with all laws and regulations applicable to it for the purposes of its participation in the Offer;
                 
    (iii)     it confirms that it has not, and understands and agrees that it may not, rely on any investigation that the Tender Agent, the Dealer Manager or any person acting on their behalf may have conducted with respect to the Offeror, the Bonds, the Offer or the shares the Bonds are referable to, and the Tender Agent, the Dealer Manager and their respective affiliates make no representation, express or implied, with respect to the Offer, the Offeror, the Bonds or the shares the Bonds are referable to;
                 
    (iv)     it has consulted or will consult with its own legal, regulatory, tax, business, investment, financial and accounting advisers in connection herewith to the extent it has deemed necessary; has reviewed all information that it believes is necessary or appropriate in connection with the Offer; and has made or will make its own decisions based upon its own judgement, due diligence and advice from such advisers as it has deemed necessary and not upon any view expressed by or on behalf of the Offeror, the Dealer Manager or the Tender Agent;
                 
    (v)     it confirms that no information has been provided to it by the Offeror, the Tender Agent, the Dealer Manager or any of their respective directors or employees or advisers, with regard to the tax consequences for it arising from participation in the Offer, and it acknowledges that it is solely liable for any taxes and similar or related payments imposed on it under the laws of any applicable jurisdiction as a result of its participation in the Offer;
                 
    (vi)     it confirms that (a) the Bonds which the Bondholder tenders pursuant to the Offer are being transferred by such Bondholder with full title guarantee free from all liens, charges and encumbrances and together with all rights attached thereto and (b) it is the legal holder in respect of the Bonds, or if such Bondholder is acting in a fiduciary, agency or other capacity as an intermediary, then such Bondholder has full discretion or is acting upon valid instructions with respect to the Bonds tendered;
                 
    (vii)     it holds and will hold, until the earlier of the time of settlement on the Settlement Date or the termination of the Offer, the Bonds blocked in the relevant clearing system and, in accordance with the requirements of, and by the deadline required by, such clearing system, it has submitted, or has caused to be submitted, an instruction to such clearing system to authorise the blocking of the tendered Bonds with effect on and from the date of such submission so that, at any time pending the transfer of such Bonds on the Settlement Date to, or to the order of, the Offeror or to its agent on its behalf and the cancellation of such Bonds, no transfers of such Bonds may be effected; and
                 
    (viii)    

    it is not an individual or entity (a “Sanctions Restricted Person”):

                 
         

    A.

       

    that is, or is owned or controlled by a Sanctions Restricted Person that is, described or designated in (a) the most current “Specially Designated Nationals and Blocked Persons” list (which as of the date hereof can be found at: https://www.treasury.gov/ofac/downloads/sdnlist.pdf) (the “SDN List”) or the Foreign Sanctions Evaders List (which as of the date hereof can be found at: http://www.treasury.gov/ofac/downloads/fse/fselist.pdf, the “FSE List”) or (b) the most current “Consolidated list of persons, groups and entities subject to EU financial sanctions” (which as of the date hereof can be found at: https://eeas.europa.eu/headquarters/headquarters-homepage_en/8442/Consolidated%20list%20of%20sanctions); or

                 
         

    B.

       

    that is otherwise the subject of any sanctions administered by a Sanctions Authority other than solely by virtue of their inclusion in: (x) the most current “Sectoral Sanctions Identifications” list (which as of the date hereof can be found at: http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/ssi_list.aspx) (the “SSI List”), (y) Annexes III, IV, V and VI of Council Regulation No.833/2014, as amended by Council Regulation No.960/2014 (the “EU Annexes”), or (z) any other list with similar effect to the SSI List or the EU Annexes maintained by a Sanctions Authority.

                 
       

    For the purpose of this representation “Sanctions Authority” means:

                 
         

    (a)

       

    the Security Council of the United Nations;

                 
         

    (b)

       

    the respective governmental institutions and agencies of the United States, the United Kingdom, the European Union or a member state of the European Union including, without limitation, the Office of Foreign Assets Control of the US Department of the Treasury, the United States Department of State, the United States Department of Commerce and Her Majesty’s Treasury; and

                 
         

    (c)

       

    any other equivalent governmental or regulatory authority, institution or agency which administers sanctions.

                 
          The representation in (viii) above shall be deemed not to be required if and only to the extent that it is or would be unenforceable by reason of breach of any provision of Council Regulation (EC) No 2271/1996 of 22 November 1996 (or any law or regulation implementing such regulation in any member state of the European Union or the United Kingdom).
                 

    IMPORTANT NOTICE

     

    THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO CHANGE WITHOUT NOTICE AND SUBJECT TO CHANGE IN ITS ENTIRETY BY REFERENCE TO ANY FURTHER COMMUNICATION IN RESPECT OF THE OFFER. THIS PRESS RELEASE IS NOT AN OFFERING CIRCULAR OR PROSPECTUS OR LISTING PARTICULARS AND IS BEING FURNISHED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR MADE AVAILABLE IN WHOLE OR IN PART TO ANY OTHER PERSON FOR ANY PURPOSE, WITHOUT THE PRIOR CONSENT OF THE DEALER MANAGER.

     

    THIS PRESS RELEASE IS DIRECTED EXCLUSIVELY TO MARKET PROFESSIONALS AND INSTITUTIONAL INVESTORS AND IS FOR INFORMATION PURPOSES ONLY AND IS NOT TO BE RELIED UPON IN SUBSTITUTION FOR THE EXERCISE OF INDEPENDENT JUDGEMENT. IT IS NOT INTENDED AS INVESTMENT ADVICE AND UNDER NO CIRCUMSTANCES IS IT TO BE USED OR CONSIDERED AS AN OFFER TO BUY ANY BOND NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY BOND.

     

    ANY DECISION RELATING TO A TENDER OF THE BONDS PURSUANT TO THE OFFER SHOULD ONLY BE MADE ON THE BASIS OF AN INDEPENDENT REVIEW BY YOU OF THE OFFEROR’S PUBLICLY AVAILABLE INFORMATION AND THE PUBLIC INFORMATION RELATING TO THE SHARES THE BONDS ARE REFERABLE TO. NONE OF THE DEALER MANAGER, THE TENDER AGENT NOR ANY OF THEIR RESPECTIVE AFFILIATES ACCEPT ANY LIABILITY ARISING FROM THE USE OF, OR MAKE ANY REPRESENTATION AS TO THE ACCURACY OR COMPLETENESS OF, THIS PRESS RELEASE OR THE OFFEROR’S PUBLICLY AVAILABLE INFORMATION OR THE PUBLIC INFORMATION RELATING TO THE SHARES THE BONDS ARE REFERABLE TO.

     

    THE DEALER MANAGER IS ALSO THE JOINT BOOKRUNNER FOR THE NEW BOND OFFERING. THE DEALER MANAGER AND ITS SUBSIDIARIES AND AFFILIATES MAY PERFORM ADDITIONAL SERVICES FOR, OR SOLICIT BUSINESS FROM, THE OFFEROR OR MEMBERS OF THE OFFEROR’S GROUP, MAY MAKE MARKETS IN THE BONDS AND/OR THE SHARES THE BONDS ARE REFERABLE TO AND/OR HAVE A POSITION OR EFFECT TRANSACTIONS IN SUCH BONDS AND SUCH SHARES.

     

    IN CONNECTION WITH THE OFFER, THE DEALER MANAGER OR ITS AFFILIATES MAY, FOR THEIR OWN ACCOUNT, ENTER INTO OR UNWIND ASSET SWAPS, CREDIT DERIVATIVES OR OTHER DERIVATIVE TRANSACTIONS RELATING TO THE BONDS AT THE SAME TIME AS THE OFFER OR IN SECONDARY MARKET TRANSACTIONS. THE DEALER MANAGER OR ANY OF ITS AFFILIATES MAY FROM TIME TO TIME HOLD LONG OR SHORT POSITIONS IN OR BUY AND SELL SUCH BONDS OR DERIVATIVES. NO DISCLOSURE WILL BE MADE OF ANY SUCH POSITIONS.

     

    IN CONNECTION WITH THE OFFER, THE DEALER MANAGER AND ITS AFFILIATES, ACTING AS INVESTORS FOR THEIR OWN ACCOUNT, MAY SUBSCRIBE FOR SECURITIES OF THE OFFEROR OR DUFRY AG OR SELL THE BONDS OR ANY SHARES REFERABLE TO THE BONDS AND FOR SUCH REASON HOLD IN THEIR PORTFOLIOS, PURCHASE OR SELL SUCH BONDS OR ANY SECURITY OF THE OFFEROR OR DUFRY AG OR ANY RELATED INVESTMENT; FURTHERMORE, THEY MAY ALSO OFFER OR SELL SUCH SECURITIES OR MAKE INVESTMENTS OTHER THAN IN THE CONTEXT OF THE OFFER. THE DEALER MANAGER DOES NOT INTEND TO DISCLOSE THE AMOUNT OF SUCH INVESTMENTS OR TRANSACTIONS OTHER THAN TO THE EXTENT REQUIRED BY APPLICABLE LAWS AND REGULATIONS.

     

    THE DEALER MANAGER AND THE TENDER AGENT ARE ACTING ON BEHALF OF THE OFFEROR AND NO ONE ELSE IN CONNECTION WITH THE OFFER AND WILL NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE PROTECTIONS AFFORDED TO CLIENTS OF THE DEALER MANAGER OR THE TENDER AGENT, OR FOR PROVIDING ADVICE IN RELATION TO THE OFFER. NEITHER THE DEALER MANAGER NOR THE TENDER AGENT OWE ANY DUTY TO ANY HOLDER OF THE BONDS. NEITHER THE DEALER MANAGER, THE TENDER AGENT NOR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, ADVISERS OR AGENTS ACCEPTS ANY RESPONSIBILITY OR LIABILITY WHATSOEVER FOR OR MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE TRUTH, ACCURACY OR COMPLETENESS OF THE INFORMATION IN THIS PRESS RELEASE (OR WHETHER ANY INFORMATION HAS BEEN OMITTED FROM THE PRESS RELEASE) OR ANY OTHER INFORMATION RELATING TO THE OFFEROR ITS SUBSIDIARIES OR ASSOCIATED COMPANIES, OR FOR ANY LOSS HOWSOEVER ARISING FROM ANY USE OF THIS PRESS RELEASE OR ITS CONTENTS OR OTHERWISE ARISING IN CONNECTION THEREWITH.

     

    NO ACTION HAS BEEN TAKEN BY THE OFFEROR, THE TENDER AGENT, THE DEALER MANAGER OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD PERMIT THE POSSESSION OR DISTRIBUTION OF THIS PRESS RELEASE OR ANY PUBLICITY MATERIAL RELATING TO THE OFFER IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS PRESS RELEASE COMES ARE REQUIRED BY THE OFFEROR, THE TENDER AGENT AND THE DEALER MANAGER TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.

     

    A PROSPECTUS IS NOT REQUIRED TO BE PUBLISHED PURSUANT TO THE PROSPECTUS DIRECTIVE.

     

    THIS OFFER TO PURCHASE DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE OFFER IN ANY JURISDICTION IN WHICH, OR TO ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH INVITATION OR FOR THERE TO BE SUCH PARTICIPATION UNDER APPLICABLE SECURITIES LAWS. THE DISTRIBUTION OF THIS OFFER TO PURCHASE IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. PERSONS INTO WHOSE POSSESSION THIS OFFER TO PURCHASE COMES ARE REQUIRED BY THE OFFEROR, THE DEALER MANAGER AND THE TENDER AGENT TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.

     

     

     

     

    0 0

    Business Wire IndiaMymoneysage an award-winning wealth management platform in association with Knowise training solutions a leading financial services training organisation launches CIMP Chartered Investment Management Professional. CIMP is a unique cohort that promotes Registered Investment advisors also known as fee-only advisers.
     
    Why CIMP

    According to an S&P survey, 76% of the Indians fare poorly in financial literacy, means a majority Indians could be making uninformed personal finance decisions, needless to say, comprehensive, transparent & unbiased advice with zero conflict of interest is the need of the hour. As per law, this kind of advice can only be facilitated by Registered Investment Advisers.
     
    Before the SEBI Investment adviser regulations, any individual could have called himself a financial advisor or a wealth manager but post the SEBI Investment Adviser regulations only an RIA can offer comprehensive Investment advice or financial planning services.
     
    The rise of the mass affluent, as well as the popularity of direct Mutual funds, has further boosted the demand for Registered Investment Advisers.
     
    About the Cohort

    CIMP a six months weekend program is a highly selective & outcome based cohort. Along with classroom training, this program inculcates practice management skill through internship and mentorship. The program which emphasizes on investor psychology also imparts soft skills as well as business networking skills which are crucial for an Investment Adviser.
     
    CIMP certification drastically diminishes one's learning curve thereby reducing the time taken to setup & establish one's advisory practice. The best part of this program is that it comes with a guaranteed business from Mymoneysage that not only helps the participants to kick-start their investment advisory practice but also successfully establish the same.
     
    The selection for the program involves shortlisting based on application screening followed by a personal discussion.
     
    The Mymoneysage Advantage

    Mymoneysage simplifies investing for individuals and amplifies business growth for Registered Investment Advisers by leveraging Artificial intelligence and machine learning. Mymoneysage is a perfect combination of man plus machine. The AI of the machine plus the intellect of the human advisor enables comprehensive & client-centric advice at a fraction of the cost of a conventional adviser.

    KishorKumar Balpalli founder of Mymoneysage says that comprehensive and client-centric advice is no longer the privilege of only HNIs, we make it available to the masses at the click of a button. Mr. Balpalli further adds that CIMP cohort will aid in bridging the gap of RIAs on Mymoneysage.
    About Knowise

    Knowise Learning Academy started in 2008 and is an expert in financial training focused on improving the financial services landscape through instructor-led workshops.
     
    The company's financial workshops are focused on Banks, Asset Management Companies, Insurance companies, BFSI teams of IT companies, Knowledge Process Outsourcing Companies (KPOs), Educational Institutions and others. The company has trained over 100,000 individuals in different courses.
     
    To know more about CIMP and to apply for the program visit https://cimp.co.in/

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    Business Wire India

    The Accelerator Engagement Programme was launched in Mumbai by (from Left to Right) Mr. Vikram Gupta, Founder and Managing Partner, IvyCamp; Mr. Mithun Shetty, Head of Community Building, 91SpringBoard; Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Lord Mayor of the City of London, Alderman Charles Bowman; and Mr. Ben Green, First Secretary, Trade, DIT.
    The Accelerator Engagement Programme was launched in Mumbai by (from Left to Right) Mr. Vikram Gupta, Founder and Managing Partner, IvyCamp; Mr. Mithun Shetty, Head of Community Building, 91SpringBoard; Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Lord Mayor of the City of London, Alderman Charles Bowman; and Mr. Ben Green, First Secretary, Trade, DIT.

    HDFC Bank announced the launch of its Accelerator Engagement Programme (AEP). In this first-of-its-kind programme, HDFC Bank will partner with leading start-up accelerators from across the world to gain early access to over 30,000 fintech ideas and innovative solutions.
     
    Start-up accelerators are organisations that help early-stage companies develop their product and business model, and also connect with investors. The bank will focus on those working in the area of artificial intelligence (AI), machine learning (ML), analytics, and robotic process automation.
     
    In the first phase, the Bank launched the programme in association with the United Kingdom’s Department for International Trade (UK DIT) and start-up accelerators 91springboard and IvyCamp.  
     
    AEP was launched in Mumbai by Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank in the presence of Mr. Ben Green, First Secretary, Trade, DIT; Lord Mayor of the City of London, Alderman Charles Bowman; Mr. Mithun Shetty, Head of Community Building at 91springboard; and Mr. Vikram Gupta, Founder and Managing Partner, IvyCap.
     
    “We are excited to take our engagements with fintech start-ups global with the Accelerator Engagement Programme. At HDFC Bank, we are looking for disruptive, global first innovations. This enables us to be in sync with our customers’ needs and desires and become part of their lifestyle. We believe that we need to work as a partner in the digital eco-system and encourage the spirit of innovation in the country. This is a win-win for all of us,” said Mr. Nitin Chugh, Country Head – Digital Banking, HDFC Bank.
     
    “I am delighted to help launch this powerful new initiative, and even happier that the delegation I’ve brought to India is the first to benefit from it. Fintech is an area of immense potential for the UK and India, and I look forward to seeing more collaboration between our two countries in this area,” said Lord Mayor of London, Charles Bowman.
     
    91SpringBoard engages with more than 25,000 start-ups and fintechs globally while IvyCamp is engaged with more than 5,000.
     
    AEP is part of HDFC Bank’s Centre of Digital Excellence, where the objective is to create a mutually beneficial ecosystem with relevant players in the start-up space. Other initiatives include a Digital Command Centre and ‘Industry Academia’, which aims at mentoring and hand-holding fintechs and start-ups incubated at country’s top technical and B-schools. The Bank also organises Digital Innovation Summit, an annual event to identify path-breaking fintech solutions.

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