Sun.Jun 18, 2023

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SVB Financial to sell investment banking unit to management team

Financial Times - Banking

Securities division has been for sale since Silicon Valley Bank’s failure in March sent tremors through banking industry

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What is a Neobank? Everything you should know

Razorpay

Fintech is the future of finance, and neobanking is the future of fintech. When people are used to ultra-fast 5G internet speeds and 15-minute food delivery, waiting an entire day for a transaction to go through gets frustrating. Traditional banking, which has been the go-to for hundreds of years now, has not been able to keep up with today’s tech-savvy customers.

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Everything to know about the Sovereign Gold Bond scheme that opens today

Business Standard - FInance

Sovereign gold bonds (SGBs) remain the best way to take exposure to gold due to additional 2.5% per annum interest and no capital gains tax.

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Delta is the most overbought stock on Wall Street right now. Here are the others

CNBC: Investing

The airline’s 14-day relative index reached 100 — the highest level possible — after the stock’s nearly 9% rally this week.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth

The New York Times: Banking

In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021.

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This compact fund beats the market and provides a downside cushion in tough times

CNBC: Investing

The Parnassus Non-Core Equity Fund is benchmarked against the S&P 500 but is known for its downside support.

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More Trending

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Blockchain technology could play a 'pivotal' role in the A.I. revolution, says Global X ETFs' Helfstein

CNBC: Investing

There's an automation revolution taking place and blockchain technology could play a pivotal role in it, according to Scott Helfstein.

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PFRDA plans to introduce SWP under NPS by Sept: chairman Deepak Mohanty

Business Standard - FInance

Pension fund regulator PFRDA plans to come out with a systematic withdrawal plan which will provide flexibility to pension account holders to withdraw a lump sum fund as per their choice on completion of 60 years. "It is at a very advanced stage. Hopefully, by the end of next quarter we should be able to come out with a scheme like that," PFRDA Chairman Deepak Mohanty told PTI in an interview.

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TipRanks reveals the top 10 Wall Street industrial sector analysts

CNBC: Investing

TipRanks' analyst ranking service ranks the top Wall Street firms of the past decade.

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When is money gifted not taxable? All your tax queries on gifts answered

Business Standard - FInance

In India, if an individual receives a gift, whether it's cash, immovable property, or any other item of value exceeding Rs. 50,000 from a non-relative, it generally falls under taxable income.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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How Do Exchange Rates Work? All About Forex & More

Razorpay

What is an Exchange Rate? An exchange rate is the rate at which one currency is exchanged for another currency. Exchange rates are determined by forces of supply and demand, which are in turn influenced by a number of factors. Exchange rates are very important to trade and business since no country or business is a standalone entity – all countries engage in trade, and this exchange rate plays a very important role in the import and export of goods and services.

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GST Council may vet CBIC's plan for additional validations in return filing

Business Standard - FInance

The GST Council in its meeting next month is likely to consider CBIC's proposal to introduce additional validations in the GST return filing system to check evasion and fake input tax credit (ITC) claims, a senior official said. In a special drive since November 2020, central agencies have detected fake ITC claims worth Rs 62,000 crore and arrested 776 persons, including professionals.

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British supermarket Morrisons cuts prices of nearly 50 products

Global Banking & Finance

British supermarket Morrisons cuts prices of nearly 50 products LONDON (Reuters) – British supermarket Morrisons said on Monday it was cutting the prices of 47 products by an average of over 25%, in another sign that a surge in inflation might be set to abate.

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RBL aims to expand NIMs; credit cards, MFIs to outpace loan book growth

Business Standard - FInance

RBL Bank is targeting to expand its net interest margin (NIM) to over 5.2 per cent by the end of FY24 by upping the share of higher-yielding assets in its loan book, a top official has said. The private sector lender will continue to maintain the share of unsecured loans like credit cards and microfinance by growing them at over the 20 per cent overall loan book increase targeted for every year till FY26, R Subramaniakumar told PTI.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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JLR taps Everstream Analytics’ AI to dodge supply chain problems

Global Banking & Finance

JLR taps Everstream Analytics’ AI to dodge supply chain problems By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues.

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Reports of missing Rs 500 notes based on erroneous information, says RBI

Business Standard - FInance

"The RBI emphasizes that these reports are not correct," the regulator said in a press release

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Dollar drifts as traders weigh rate path; yen fragile

Global Banking & Finance

Dollar drifts as traders weigh rate path; yen fragile By Ankur Banerjee SINGAPORE (Reuters) – The U.S.

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Michelin: Michelin announces the acquisition of Flex Composite Group to create a leader in high-tech engineered fabrics and films

Global Newswire by Notified: M&A

Clermont-Ferrand, June 19, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin announces the acquisition of Flex Composite Group to create a.

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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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Oil slides more than $1 on China growth uncertainties

Global Banking & Finance

Oil slides more than $1 on China growth uncertainties By Katya Golubkova and Emily Chow TOKYO (Reuters) -Global oil prices fell more than $1 on Monday, backing off last week’s gains, as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in […]

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Pet Grooming and Accessories Market to Worth USD 116.23 Billion by 2030 | At a CAGR of 6.98%

Global Newswire by Notified: M&A

Companies covered in Pet Grooming and Accessories Market are Pet Parents LLC (U.S.), Simply Fido (U.S.), Groomer's Choice (U.S.), Earthwhile Endeavors (U.S.), Petco Animal Supplies, Inc. (U.S.), Canada Pooch (Canada), Moshiqa (U.S.) , Central Garden & Pet (U.S.), Jolly Pets (U.S.), The Orvis Company, Inc. (U.S.), Spectrum Brands (U.S.), Coastal Pet Products (U.S.), Doskocil Manufacturing Company, Inc (Petmate) (U.S.), KONG Company (U.S.), Radio Systems Corporation (U.S.), and more players pr

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ECB risks losing sight of ‘greedflation’ with laser-focus on wages

Global Banking & Finance

ECB risks losing sight of ‘greedflation’ with laser-focus on wages By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank risks losing sight of corporate profits as a driver of inflation – or “greedflation” in market parlance – by zeroing in on wage growth which still lags far behind prices, economists said on […]

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Leather Goods Market to Worth USD 738.61 Billion by 2030 | With a 6.7% CAGR

Global Newswire by Notified: M&A

The global leather goods market size covered major segments by Source (Full Grain Leather and Synthetic Leather), by Product (Apparel, Luggage, Footwear, and Others), by End-user (Men, Women, and Kids), and Regional Forecast, and Others. The global leather goods market size covered major segments by Source (Full Grain Leather and Synthetic Leather), by Product (Apparel, Luggage, Footwear, and Others), by End-user (Men, Women, and Kids), and Regional Forecast, and Others.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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[Latest News 2023] Rare Earth Elements Market to Worth USD 5,520.2 Mn By 2028 | Fortune Business Insights™

Global Newswire by Notified: M&A

Companies covered in Rare Earth Elements Market are Baotou Rare Earth (China) , China Minmetal Rare Earth (China) , Avalon Advanced Materials (Canada) , IREL (India, Metall Rare Earth Limited (China) , Arafura Resources , Canada Rare Earth Corporation , Lynas Corporation , Northern Minerals , Greenland Minerals Limited and more players profiled. Companies covered in Rare Earth Elements Market are Baotou Rare Earth (China) , China Minmetal Rare Earth (China) , Avalon Advanced Materials (Canada) ,

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[Latest News 2023] Refrigerant Market Size, Share, Forecast Report, 2030 | Fortune Business Insights™

Global Newswire by Notified: M&A

The global refrigerant market covered major segments, By Type (Fluorocarbons, Hydrocarbons, Inorganic refrigerants, Others), By Application (Domestic, Industrial, Commercial, Air conditioning, Chillers, Variable refrigerant flow, Mobile air conditioning, Others) and Regional Forecast, 2023-2030 The global refrigerant market covered major segments, By Type (Fluorocarbons, Hydrocarbons, Inorganic refrigerants, Others), By Application (Domestic, Industrial, Commercial, Air conditioning, Chillers, V

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[Latest News 2023] Injection Molded Plastics Market Worth USD 476.46 Bn by 2028 | Fortune Business Insights™

Global Newswire by Notified: M&A

The global Injection Molded Plastics Market covered major segments by Resin Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2023-2028.

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Equinor ASA: Buy-back of shares to share programmes for employees

Global Newswire by Notified: M&A

Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programmes for employees and management.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Subsea7 does not extend its offer for DOF Group ASA

Global Newswire by Notified: M&A

Luxembourg – 19 June 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) confirms today that its offer, dated 15 June 2023, for the entire share capital of DOF Group ASA (DOFG) expires at the end of today. This follows the rejection of the offer by the board of DOFG on 16 June 2023.

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Revolutionizing Healthcare Management: The Growing Market for Gamification in Healthcare

Global Newswire by Notified: M&A

According to SkyQuest, the use of gamification in healthcare apps and websites allows users to track their progress more fun and engagingly, making managing their health feel less daunting. Gamification has become essential in healthcare design and development with its potential to improve patient engagement and outcomes. According to SkyQuest, the use of gamification in healthcare apps and websites allows users to track their progress more fun and engagingly, making managing their health feel l

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3D Without Glasses: The Volumetric Display Revolution

Global Newswire by Notified: M&A

SkyQuest's Volumetric Display market report provides actionable insights for individuals interested in valuable data, trends, and opportunities in a rapidly growing industry. Additionally, the report is produced and published concisely, making it accessible to various audiences, from industry experts to market readers. Finally, one can gain an in-depth understanding of the primary and secondary market drivers, providing them with a comprehensive outlook of the current market situation and future

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The Digital Vet: How Software is Transforming Animal Healthcare

Global Newswire by Notified: M&A

SkyQuest's Veterinary Practice Software market report provides actionable insights for individuals interested in valuable data, trends, and opportunities in a rapidly growing industry. Additionally, the report is produced and published concisely, making it accessible to various audiences, from industry experts to market readers. Finally, one can gain an in-depth understanding of the primary and secondary market drivers, providing them with a comprehensive outlook of the current market situation

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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?