Fri.Jun 09, 2023

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The Art of the Dealership: A Legal Road Map for Buying and Selling Automotive Dealerships

JD Supra: Mergers

The past few years have seen dramatic shifts for mergers and acquisitions involving automotive dealerships. It has been estimated that approximately 3% of dealerships undergo a change of ownership in an average year.

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Founders of Three Arrows, Failed Crypto Fund, Are Living Large

The New York Times: Banking

The implosion of Three Arrows Capital, a cryptocurrency hedge fund, devastated the industry. Its two founders spent the next year surfing, meditating and traveling the world.

Funds 100
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Public-to-private deals continue their hot streak

JD Supra: Mergers

The late-2022 rally in stock markets could have been expected to dampen the appetite for take-privates in private equity (PE) circles. However, that did not seem happen. Public-to-private (P2P) transactions show few signs of slowing any time soon following another busy few months.

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Should you opt for one large fixed deposit or multiple smaller FDs?

Business Standard - FInance

For earning better returns, you can spread your investments across multiple fixed deposits with different maturity dates instead of locking all your funds in one fixed deposit for a longer period.

Funds 98
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Slight Resurgence? A Hart-Scott-Rodino Act Transaction Update (May FY 2023)

JD Supra: Mergers

Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC) and the Department of Justice (DOJ) before completing the transaction. The HSR Act establishes the FTC and DOJ Premerger Notification Program, which is designed to allow the agencies to review the proposed transaction for potential antitrust concerns.

Trading 136

More Trending

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Key Differences Between the UK and EU Vertical Block Exemption Regimes

JD Supra: Mergers

Whilst not a sea of difference apart, the two regimes present notable distinctions for companies operating on both sides of the Channel to navigate. Upon its expiry on 31 May 2022, the 2010 Vertical Block Exemption Regulation was replaced by the 2022 Vertical Block Exemption Regulation (VBER) in the EU and the Vertical Agreements Block Exemption Order (VABEO) in the UK.

IT 136
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Clarification on applicability of TCS on overseas credit card spends soon

Business Standard - FInance

The tax department will soon come out with a clarification in the form of FAQs to distinguish between expenses incurred on personal visits and business trips for levy of 20 per cent TCS on overseas credit card spends from July 1, a senior official said on Friday. Following a notification which brought credit card spends under LRS, concerns have been raised on how personal and business expenses would be segregated by the banks who will be required to deduct the TCS on such expenses.

Finance 97
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Semiconductor stocks are on track for their best first half on record. Analysts expect these names to keep rising

CNBC: Investing

Semiconductor stocks have surged this year as investors bet on the promise of artificial intelligence, with the sector on pace for its best first half ever.

Stock 95
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India's forex reserves snap 2-week decline, jump $5.9 bn to $595 bn

Business Standard - FInance

India's forex kitty jumped USD 5.929 billion to USD 595.067 billion for the week ended June 2, the Reserve Bank said on Friday. The reserves had dropped for two consecutive weeks and declined by USD 4.34 billion to USD 589.14 billion in the previous reporting week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

Bank 97
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Tesla's charging partnerships with Ford, GM will speed up green energy transition, Cathie Wood says

CNBC: Investing

Tesla's rose Friday after the electric vehicle company announced another charging partnership, this time with General Motors.

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EV financing platform Revfin raises $5 million in investment from DFC

Business Standard - FInance

The fintech plans to introduce new products by diversifying into two-wheelers for last-mile deliveries, four-wheelers for mid-mile cargo delivery, and ride-share taxis

Finance 98
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The Risks of Storing Money in Apps Like Venmo and Cash App

The New York Times: Banking

The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.

Funds 94
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Go Digit Life Insurance gets Irdai nod to carry life insurance business

Business Standard - FInance

Regulator Irdai on Friday said it has given permission to Go Digit Life Insurance Limited to carry the life insurance business in India. Go Digit, a firm backed by Canada-based Fairfax Group, is already in the general insurance business. With the latest addition, the number of insurers operating in the life insurance segment has gone up to 26. "Insurance Regulatory and Development Authority of India (Irdai) in its 122nd meeting held on June 02, 2023, has granted a Certificate of Registration to

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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Investors are shifting into high-yield ETFs with a potential Fed pause on the horizon

CNBC: Investing

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) brought in nearly $1.2 billion in cash over the past week, according to FactSet.

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Going to the bank with Rs 2,000 notes? Things you should keep in mind

Business Standard - FInance

The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts

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MiddleGround opts for secondary to finance Banner tie-up

PE Hub

The process, which is being run without an intermediary, is part of the active secondary market that has seen a strong flow of inventory, but fewer closes. The post MiddleGround opts for secondary to finance Banner tie-up appeared first on PE Hub.

Finance 79
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TVS Credit Services raises Rs 480 crore capital from Premji Invest

Business Standard - FInance

TVS Credit Services: The primary capital will be utilised to further strengthen TVS Credit's efforts in expanding its customer base in new markets

Capital 98
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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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Tesla stock pops on partnership with General Motors. Here's what the experts have to say

CNBC: Investing

Pros on CNBC discussed what they think about Tesla as the stock jumps after the company announced a partnership with GM Thursday.

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Go Digit Life Insurance receives IRDAI's approval to start business

Business Standard - FInance

"This is the fourth registration granted by IRDAI in last one year in Life and Non-life segment," it added

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GTCR-backed Senske Services scoops up Emerald Lawns

PE Hub

Senske Services is a provider of recurring residential lawn care, pest control, and home services. The post GTCR-backed Senske Services scoops up Emerald Lawns appeared first on PE Hub.

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IIFL Finance keen to raise more funds through bond market, says CFO

Business Standard - FInance

As on March 31, the company's total borrowing stood at nearly 40 billion rupees ($485.07 million).

Finance 98
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How to Leverage AI for Actionable Insights in BI, Data, and Analytics

In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

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Kohlberg to acquire business advisor Riveron

PE Hub

H.I.G. Capital will continue its partnership with Riveron through a minority investment. The post Kohlberg to acquire business advisor Riveron appeared first on PE Hub.

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Bryant Asset Protection Joins World Insurance Associates LLC

Global Newswire by Notified: M&A

Iselin, NJ, June 09, 2023 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Bryant Asset Protection, Inc. (“BAP”) of Slingerlands, NY on May 1, 2023. Terms of the transaction were not disclosed.

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Juniper taps Potter as principal

PE Hub

In this role, Potter will be responsible for the origination, execution and monitoring of portfolio investments, as well as contributing to the ongoing development of firm strategy. The post Juniper taps Potter as principal appeared first on PE Hub.

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Goldman Sachs raises year-end S&P 500 target to 4,500, anticipating 5% upside

CNBC: Investing

The rally, previously concentrated among Big Tech names, is broadening, the firm said.

S&P 97
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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Civitas Capital Group recruits Lizak as investments managing director

PE Hub

In this role, Lizak will focus on managing the credit strategy of the firm and expanding the firm's equity and debt investor base across the Civitas lodging platform. The post Civitas Capital Group recruits Lizak as investments managing director appeared first on PE Hub.

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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

The New York Times: Banking

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

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Thurston Group-backed ARC Health buys mental healthcare provider group Silver Lake Psychology

PE Hub

ARC Health is a group of mental healthcare practices. The post Thurston Group-backed ARC Health buys mental healthcare provider group Silver Lake Psychology appeared first on PE Hub.