Sat.Jun 24, 2023 - Fri.Jun 30, 2023

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Delaware Bankruptcy Court Ruling on $7.2B Claim Affects Fraudulent Transfer Defense, Valuation Litigation

JD Supra: Mergers

In a decision likely to have a knock-on effect for future fraudulent transfer defense and valuation litigation, the Delaware bankruptcy court recently ruled that the price agreed in the sale of an oil and gas company closed by market participants represents the reasonably equivalent value for the assets being sold and is more reliable evidence of value than expert testimony prepared for the purposes of litigation.

Valuation 246
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M&A is back and the enterprise is hot

TechCrunch: M&A

It’s been a quiet year when it comes to tech M&A. In fact, up until this week, there had only been a handful of enterprise deals of substance. It’s unclear whether it was a lack of cash, high interest rates or buyer caution in an uncertain market, but suddenly this week, it’s as though the M&A floodgates finally opened and we started to see some movement.

M&A 217
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Fidelity joins the rush for a bitcoin ETF, following BlackRock, Ark Invest and others

CNBC: Investing

The SEC has long opposed a spot bitcoin ETF, but a filing by BlackRock earlier this month has sparked optimism that the regulator could soften that stance.

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EPFO extends deadline to apply for higher pension for members till July 11

Business Standard - FInance

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11. This is the second extension of the deadline for applying for a higher pension. Earlier, it was extended from May 3, 2023, to June 26, 2023. The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/ members, the Employees' Provident Fund Organisation said in a statement.

Funds 119
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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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Take the Business Divorce Pop Quiz!

JD Supra: Mergers

It’s been many years since our last pop quiz for all you business divorce aficionados. Time for another. See how many you get right before you read the answers. By: Farrell Fritz, P.C.

Business 245

More Trending

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Will Cava Going Public Set the Table for Other IPOs?

Successful Acquisitions

Will Cava Going Public Set the Table for Other IPOs? By David Braun, Founder and CEO, Capstone Strategic When Washington DC based restaurant chain Cava became a publicly traded company recently, it bucked a trend that has lasted nearly two years, a notable absence of American IPOs. The past 18 months have marked the slowest initial public offering market since the financial crisis of 2008.

IPO 111
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Demand for integrated surveillance doubles as regulators up pressure

The TRADE

Integrated trade and communications surveillance has seen a 100% increase over the last year as regulators continue to ramp up enforcement actions, a SteelEye report has found. The report’s findings come as regulators up their enforcement actions related to communications and trade surveillance on both sides of the Atlantic. In 2022, the UK Financial Conduct Authority (FCA) issued almost triple the number of fines compared the previous year.

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From Enemies to Partners: LIV Golf and PGA Tour Resolve Antitrust Lawsuit Through Merger

JD Supra: Mergers

The recent surprise announcement that LIV Golf and the PGA Tour had agreed to settle their hotly contested antitrust lawsuit came as a shock to many, including the golfers who play on the tours. Since the announcement, much of the commentary has centered on the stunning (and, some say, hypocritical) reversal of the PGA Tour’s position regarding the involvement of the Saudi Arabian Public Investment Fund and the implications for the players and tournaments in the future.

Mergers 242
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As the generative AI craze rages on, Ramp acquires customer support startup Cohere.io

TechCrunch: M&A

Want more fintech news in your inbox? Sign up here. Finance automation company Ramp has acquired Cohere.io, a startup that built an AI-powered customer support tool, the companies told TechCrunch exclusively. Founded in 2020, New York-based Cohere.io (not to be confused with Cohere, another AI startup that recently raised capital ) raised $3.1 million in a seed funding round led by Initialized Capital, later tacking on another $400,000 in funding.

Capital 185
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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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Homegrown bank giant bigger than Morgan Stanley to arise from India merger

Business Standard - FInance

The tieup of HDFC Bank & Housing Development Finance Corp creates a lender that ranks 4th in equity m-cap, behind JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America Corp

Bank 98
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National Geographic Lays Off More Writers

The New York Times: Mergers, Acquisitions and Dive

The company did not specify how many were shed and said that the magazine, known for its focus on discovery and exploration, would continue to be published on a monthly basis.

IT 98
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Reach Maximum Business Potential With Adam Stott’s “AI For Business Unlocked” Training

Global Banking & Finance

Reach Maximum Business Potential With Adam Stott’s “AI For Business Unlocked” Training Authored by James Nottingham The term “maximum business potential” is described as a state of a business’s greatest chance of success, a point where they have developed a clear understanding of its target market, assembled a team of experienced professionals, and is operating […]

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Well done, Pismo and Visa! You gave SoftBank a win

TechCrunch: M&A

Hello, and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. All the cool kids are filling out the Equity listener survey. We want to hear from you! Mary Ann and Alex are back for another busy news week chock full of deals to chew through. Here’s the rundown: Deals of the Week: We think that the idea behind the recently-funded Honey Homes is excellent , but we’re split about the cost.

M&A 181
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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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PAN-Aadhaar link deadline today: Check fees, status and how to do it here

Business Standard - FInance

PAN-Aadhaar Link Deadline: Don't miss the PAN-Aadhaar link deadline! Find out the fees, status, and step-by-step guide to linking your PAN card with Aadhaar. Failure to link can result in consequences.

IT 98
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ThoughtSpot Acquires Mode Analytics for $200M to Empower Data Teams to Redefine Business Intelligence with Trusted Generative AI

Global Newswire by Notified: M&A

With Mode and ThoughtSpot, data teams can use a flexible, efficient code-first approach to deliver self service analytics to business users, easily collaborate with these stakeholders, and quickly connect data investments to meaningful, tangible business outcomes

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How EVE Detects Malicious Uses of Trustworthy Cloud Services

Cisco: M&A

To evade detection, attackers will often live-off-the-land by using pre-installed binaries like powershell.exe and communicating with legitimate cloud services like dl.dropbox[.]com.

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Arcline makes bid to acquire industrial valve maker CIRCOR for $57 per share

PE Hub

Arcline's bid surpasses KKR's offer to acquire CIRCOR for $51 per share. The post Arcline makes bid to acquire industrial valve maker CIRCOR for $57 per share appeared first on PE Hub.

Shares 96
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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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SBI's chief financial officer Charanjit Surinder Singh Attra resigns

Business Standard - FInance

State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers. ". we submit that Charanjit Surinder Singh Attra, Chief Financial Officer, has resigned from the services of the bank, the resignation is accepted by the appropriate authority with effect from close of the business hours on 30th June 2023," the bank said in a filing to stock exchanges.

Bank 98
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Kering Beauté Acquires Creed, the High-end Luxury Heritage Fragrance House

Global Newswire by Notified: M&A

Communiqué - Acquisition de Creed - 26 06 23 FR PRESS RELEASE June 26, 2023 KERING BEAUTÉ ACQUIRES CREED, THE HIGH-END LUXURY HERITAGE FRAGRANCE.

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Webex first collaboration suite with EU Cloud Code of Conduct Level 3 adherence

Cisco: M&A

Cisco is proud to announce that Webex by Cisco (Webex) – comprising Webex Meetings, Webex Messaging, and Webex Calling – is the first collaboration and conferencing solution to achieve Level 3 adh… Read more on Cisco Blogs

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3 ways?a smart?meter can help your scale-up

Growth Business

By Henry Williams on Growth Business - Your gateway to entrepreneurial success With global events pushing up wholesale energy prices, and despite limited Government intervention to control costs, there’s never been a better time to adopt measures to better manage your business energy usage and budget. Smart meters, which are currently being rolled out across Britain, can help your scale-up do just that.

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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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Sundaram Alternates launches Rs 1,500 cr realty private credit fund

Business Standard - FInance

Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of Rs 1,500 crore. The new fund seeks to raise Rs 750 crore with a green shoe option worth Rs 750 crore, taking the aggregated target size to Rs 1,500 crore. The fund will focus on sub-Rs 100 crore deals, which offers fund diversification as well as attractive risk-rewards, Vikaas M Sachdeva, managing director of Sundaram Alternates, said.

Funds 98
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Retail Analytics Market Size to Surpass USD 23.53 Billion by 2030, exhibiting a CAGR of 17.6%

Global Newswire by Notified: M&A

As per the report by Fortune Business Insights, the global Retail Analytics Market size is projected to reach USD 23.53 Billion by 2030, at a CAGR of 17.6% during the forecast period. As per the report by Fortune Business Insights, the global Retail Analytics Market size is projected to reach USD 23.53 Billion by 2030, at a CAGR of 17.6% during the forecast period.

Retail 94
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Cisco and Intel Demonstrate Interoperability for Open RAN

Cisco: M&A

Cisco and Intel validate interoperability between Cisco Nexus 93180YC-FX3 Switch and Intel® Ethernet 800 Series Network Adapters that feature enhanced timing capabilities for faster and lower cost … Read more on Cisco Blogs

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Why any M&A boom in banks will mirror shale oil in 2020 — all-stock offers and small premiums

CNBC: Investing

If investors pick the right bank, they're likely to be paid only in stock rather than partly in cash, and the premium will probably be small, an analyst says.

Bank 98
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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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Tour operators welcome govt move to defer hike in TCS on overseas packages

Business Standard - FInance

Domestic tour operators on Thursday welcomed the government's move to defer hike in tax collection at source on overseas tour packages till September 30 calling but reiterated that it should be brought down to 2.5 per cent. In a statement, Indian Association of Tour Operators (IATO) -- the apex body of tour operators in the country with more than 1,700 members -- thanked the government for "giving partial relief of deferring Tax Collection at Source (TCS) on the overseas tour packages till Septe

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How to raise first equity finance for your business

Growth Business

By Oliver Woolley on Growth Business - Your gateway to entrepreneurial success The first thing you need to decide, says Oliver Woolley, is what kind of business you are building – a ‘lifestyle’ business or a ‘growth’ business? If you can, avoid raising finance in the start-up stage but when you do need an injection of cash, there are quite a few things to consider, starting with deciding which of the two types of business you are building: (a) a “lifestyle” business that you want to develop but

Finance 91
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Bitcoin Depot and GSR II Meteora Acquisition Corp. Announce Closing of Business Combination

Global Newswire by Notified: M&A

Bitcoin Depot to Begin Trading on July 3rd on the Nasdaq Under New Ticker Symbol “BTM” Bitcoin Depot to Begin Trading on July 3rd on the Nasdaq Under New Ticker Symbol “BTM”