Tue.Jul 04, 2023

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Bank of India becomes first bank to offer Mahila Samman Savings Certificate

Business Standard - FInance

Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

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07-04-2023 Newsletter: July 4th PE Platform Sale!

OfficeHours

$74 special pricing for the first 10 people | FIRST10 Only $74 for Platform Access w/Discount Code: FIRST10 Happy July 4th All! Going to keep today rather simple — we want to celebrate and kick off the second half of the year with a simple offer for the first 10 people that take advantage of the below — PE Platform Access for $225 OFF = $74 out of pocket for lifetime access Our flagship program has placed mentees into most major private equity firms since launching in 2020.

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UniCredit appoints new head of digital to replace Jingle after two years

Global Banking & Finance

UniCredit appoints new head of digital to replace Jingle after two years MILAN (Reuters) – UniCredit has named Ali Khan, a cloud specialist who joins from consultancy PwC, as its new head of digital and information, replacing Jingle Pang, the Italian bank said on Tuesday.

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HSBC’s head of artificial intelligence for markets departs for JP Morgan

The TRADE

HSBC’s head of artificial intelligence (AI) for markets and securities services has departed for rival bank, JP Morgan, The TRADE can reveal. Ash Booth joins JP Morgan as applied AI lead for markets operations after spending the last nine years with HSBC in data science roles. “We wish him all the best in his future endeavours and thank him greatly for his extensive contributions during his nine years with the bank and in particular the impressive leadership on artificial intelligence and machin

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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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Chinese smartphones sales exceed 70% of Russian market

Global Banking & Finance

Chinese smartphones sales exceed 70% of Russian market (Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year.

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Bank of America's top stock picks for the third quarter

CNBC: Investing

Bank of America is out with its latest near-term stock picks as the third trading quarter of the year gets underway.

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More Trending

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Goldman's 'Rule of 10' for investing and stocks meeting that criteria today

CNBC: Investing

The investment bank found the top 10 stocks in the S&P 500 were responsible for 32% of the benchmark's return in the average year since 1995.

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Top 10 questions to address when investing in Smart Buildings

Cisco: M&A

In my first blog , we discussed the reasons why smart buildings are a rapidly growing market and a critical piece of our transition to a lower-carbon future.

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Third quarter is a key time for extreme weather events. Here's what to expect for exposed stocks

CNBC: Investing

Climate experts expect "El Niño" in 2023.

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PAN-Aadhar linking: How to check if an individual's PAN is valid or not

Business Standard - FInance

PAN Card: There is a possibility that an individual's PAN could be inoperative if they have not linked their PAN with Aadhaar

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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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FCA moves to consult with industry on UK consolidated tape model as back and forth continues

The TRADE

The UK’s Financial Conduct Authority (FCA) has announced that it will consult with industry participants on reforms to improve markets and competitiveness, including the introduction of a UK consolidated tape. The watchdog’s focus will be on a single consolidated tape provider per asset class, which could help ensure that associated data costs remain low alongside addressing the existing fragmentation of post-trade transparency data.

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HSBC chases wealthy clients in India with private banking business launch

Business Standard - FInance

HSBC said on Tuesday it would target business with India's wealthy as it launched its global private banking business in the country

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Recent EU consolidated tape compromise is a ‘missed opportunity’, says AFME

The TRADE

On 29 June, the European Council and European parliament reached a milestone agreement to implement a consolidated tape and limit the use of payment for order flow (PFOF). The decision followed extensive debate relating to both topics, which have proved to be the most divisive during Trilogue discussions thanks to opposing viewpoints favoured by the European Council and Parliament.

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Critical Power And Cooling Market Set to Soar Past USD 54.66 Billion by 2030

Global Newswire by Notified: M&A

The global Critical Power And Cooling market size is expected to reach USD 54.66 billion by 2030 and exhibit a CAGR of 8.7% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand for reliable and uninterrupted power supply, growing adoption of data centers and cloud computing, rising importance of energy efficiency and sustainability, increasing complexity and density of IT infrastructure, surge in digitalization and IoT applications are fueling

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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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Ace Capital latest buy-side to select Bloomberg Vault for electronic communications monitoring

The TRADE

Brazilian investment fund manager Ace Capital has selected Bloomberg Vault to help it archive and monitor its electronic communications. The offering from Bloomberg allows firms to capture all relevant messages from Bloomberg Messages (MSG) and Instant Bloomberg (IB) as well as corporate email, social media and chat platforms. Data can be accessed from Bloomberg’s Trade Order Management System (TOMS), Bloomberg’s Asset and Investment Manager (AIM), as well as third-party order management systems

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Oil up as market weighs supply cuts against gloomy economic outlook

Global Banking & Finance

Oil up as market weighs supply cuts against gloomy economic outlook By Natalie Grover LONDON (Reuters) -Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook.

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Rovio Entertainment Corp.: Sega Europe Limited supplements the offer document relating to the recommended cash offer for all the shares and options in Rovio Entertainment Corporation

Global Newswire by Notified: M&A

SEGA EUROPE LIMITED / ROVIO ENTERTAINMENT CORPORATION July 4, 2023, at 5:00 p.m. EEST NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR.

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Italy’s finances creak as budget deficit climbs in Q1

Global Banking & Finance

Italy’s finances creak as budget deficit climbs in Q1 By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.

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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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Reprise de VERTEOLE SUISSE SA par Jérôme Gacoin

Global Newswire by Notified: M&A

Reprise de VERTEOLE SUISSE SA par Jérôme Gacoin La société VERTEOLE SUISSE SA (Martigny), distributrice d’installations ou solutions écologiques, dont.

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UK refutes claims it is dropping $14.76 billion climate pledge

Global Banking & Finance

UK refutes claims it is dropping $14.76 billion climate pledge (Reuters) -The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship 11.6 billion pound ($14.76 billion) climate funding pledge.

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SBI Mutual Fund AUM crosses Rs 8 trillion; eyes Rs 10 trillion milestone

Business Standard - FInance

SBI Mutual Fund, largest fund house by a wide margin in the 43-player industry, has clocked yet another milestone crossing the Rs 8 lakh crore-mark assets under management, adding Rs 90,000 crore to the asset pile during the first quarter of the fiscal. Given the current run rate in adding AUM (asset under management), the fund house expects to sniff at the Rs 10 lakh crore AUM-mark over the next 12 to 18 months too, a top company official has said.

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Cyber insurance rates drop 10% in June -report

Global Banking & Finance

Cyber insurance rates drop 10% in June -report LONDON (Reuters) – Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday.

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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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Feature Focus: From CVV-less payments to currency support

Razorpay

At Razorpay, we are always thinking of ways to make your payment experience better than yesterday. We are always innovating and making improvements to our products, so you can deliver your customers the best online experience there is. So, what did we do last month? (Spoiler: A lot.) Here’s a look back at all that the Razorpay lab churned out – the new features, product updates and improvements that made your payments a whole lot easier.

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EV batteries remain major challenge for insurers – UK’s Thatcham

Global Banking & Finance

EV batteries remain major challenge for insurers – UK’s Thatcham By Nick Carey LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday.

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Herbal Medicine Market to Worth USD 437.59 Billion by 2030 | Skyquest Technology

Global Newswire by Notified: M&A

Herbal Medicine Market Size, Share, Growth Analysis, By Form (Powder, Liquid & Gel, Tablets & Capsules), Application (Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products), Product Type (Homeopathic Medicines, Ayurvedic Medicines, Chinese Medicines, Aromatherapy Products), Source( Barks, Leaves, Roots, Fruits, Vegetables, Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Others) - Industry Forecast 2023-2030

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China Investment sells some shares in Teck Resources

Global Banking & Finance

China Investment sells some shares in Teck Resources (Reuters) – China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources Ltd. The company sold 3,000 Class B subordinate voting shares for gross proceeds of nearly C$169,000 ($127,720.68) at about C$56.30 apiece, CIC said.

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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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Premier Health Signs Purchase Agreement to Acquire British Columbia Based Company Solutions Staffing Inc.

Global Newswire by Notified: M&A

MONTRÉAL, July 04, 2023 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA ) (“ Premier Health ” or the “ Corporation ”), a leading Canadian Healthtech company, is pleased to announce that it has signed this day a binding share purchase agreement (the “ Agreement ”) to acquire 100% of the outstanding shares of Solutions Staffing Inc. (“ Solutions Staffing ” or “ SSI ”) from its current shareholders (the “ Transaction ”).

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Lamborghini sells out combustion engine models – WELT

Global Banking & Finance

Lamborghini sells out combustion engine models – WELT (Reuters) – Lamborghini’s combustion engine models are sold out until the end of production, its chief executive was quoted as saying in the WELT newspaper on Wednesday, as the luxury carmaker transitions towards a pure hybrid lineup.

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Purity Powerhouse: Preparative and Process Chromatography Market Set to Soar Past USD 21.62 Billion by 2030 | Skyquest Technology

Global Newswire by Notified: M&A

Explore the Preparative and Process Chromatography Market, unveiling its Size, Share, and Growth Analysis. Dive into the various Types of Chromatography, including Liquid, Gas, and Thin layer. Discover its wide-ranging applications across End-use sectors such as Pharmaceutical, Biotechnology, Food, Nutraceutical, and more. Witness the Industry Forecast from 2023 to 2030, revolutionizing purification techniques.

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Singapore’s fight against inflation still on amid uncertain growth outlook -central bank

Global Banking & Finance

Singapore’s fight against inflation still on amid uncertain growth outlook -central bank By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 headline inflation forecast.

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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?