The debt market has seen various changes in the recent past. The sudden spike in retail inflation in December to 7.35% from 5.54% in November has surpassed the Reserve Bank of India s (RBI) comfort level. In the last monetary policy, RBI put a halt on repo rate cuts, after reducing it by 135 basis points since February 2019, but it maintained an accommodative stance and introduced measures such as long term repo operations. Renu Yadav asks experts if these changes will impact the performance of debt products, including duration funds, and if investors need to revisit their debt allocation strategyLakshmi Iyer, CIO (debt) and head of products, Kotak Mahindra Asset Management Co.
"Any move to encash bank guarantees will precipitate an already precarious situation," COAI Director General, Rajan Mathews told news agency PTI.Mathews termed the ''test checks' being proposed by the telecom department to examine deviation in calculation of adjusted gross revenue (AGR) dues by telecom companies as a "standard audit procedure". The Department of Telecom (DoT) needs to ensure consistency among its different circles on calculation of dues to minimise any differences, he said.
Data is valuable for helping developers and engineers to build new features and better innovate. But that data is often highly sensitive and out of reach, kept under lock and key by red tape and compliance, which can take weeks to get approval. So, the engineers started Gretel, an early stage startup that aims to help developers safely share and collaborate with sensitive data in real time.It ''s not as niche of a problem as you might think, said Alex Watson, one of the co founders. Developers can face this problem at any company, he said. Often, developers don ''t need full access to a bank of user data they just need a portion or a sample to work with. In many cases, developers could suffice with data that looks like real user data.
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One of the largest banks in the world is considering merging its in house blockchain project with ConsenSys. JPMorgan is considering merging it;s Ethereum based Quorum project with ConsenSys and is set to formally announce the news within the next six months.JPMorgan, the largest bank in the U.S. and one of the largest banks in the world, is reportedly considering spinning off its in house blockchain project. According to a report from Reuters, sources familiar with the matter revealed that the bank is considering merging Quorum with Ethereum development studio ConsenSys.
Banking giant JPMorgan has offered mixed signals when it comes to their thoughts on cryptocurrencies, with the bank s CEO frequently bashing Bitcoin and other cryptocurrencies, despite offering their own intra bank digital asset dubbed JPM Coin that is built upon the Ethereum (ETH) blockchain.Now, it appears the JPMorgan could be dipping its toes into the Ethereum ecosystem, as news recently broke that the financial institution is looking to merge its blockchain unit with ConsenSys.
Indian markets ended sharply higher today, extending gains to the third day. The Sensex finished about 350 points higher at 41,142, extending gains to about 1,400 points in just three sessions. This is quite a reversal in fortunes for Indian markets, when the Sensex had plunged nearly 1,000 points in Saturday''s special session. Positive global markets, softer oil prices and hopes of an economic recovery and better earnings growth have helped Indian equities to rebound strongly over the past three sessions. The broader Nifty today settled 0.9% higher at 12,090.According to a private survey India''s manufacturing and dominant services industry if off to a strong start this year, with activity in January accelerating to multi year highs. But analysts say that concerns about the coronavirus outbreak are likely to keep markets volatile in the short term. Also, analysts expect the Reserve Bank of India to maintain its accommodative stance in monetary policy, due tomorrow.
Coming from a middle class environment desi implies that nothing will ever change. One day, you could earn some extra dollars compared to your parents after working harder than anyone you;ve ever met. You may be able to pay for a trip to Europe every two years. You may also replace your kitchen;s plastic dishes with fine porcelain. Your clothes can also change from clothes purchased from local merchants to something of a brand that is only obtained in bright shopping centers. Your children could go to expensive schools where all the children come in their cars and not on the school bus.But the middle class mentality will always be your best friend. You will still pick up the shopping bags in your pantry. Your sewing kit will always be a can of cookies. You will verify your bank account from time to time considering that you know the value of money. Your preferences when spending money will always remain defined. Excessive spending of the people around you will always pinch you. There is something inside you that will always tell you not to buy an expensive designer jewelry that you can only use once in your life.
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Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a US extradition request, saying Meng''s alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing. Canadian prosecutors have told the British Columbia Supreme Court that Meng was arrested on charges of bank fraud, which is a crime in both countries, and not because of US allegations she violated US sanctions against Iran.Over three days of hearings, Meng''s legal team argued that "double criminality" is at the heart of the US extradition request.
The reason being its uninterrupted track record of profitability with lowest non performing loans. In the current credit squeeze in the market, HDFC remained unscathed because it stayed away from certain segments of commercial real estate market and also short term funds to grow long term assets. The last two debt issues by the Mumbai headquartered HDFC sold like hot cakes thanks to big money on the table by a single investor. The private sector bank Axis Bank emerged as the largest investor in the two debt issues by the HDFC over the last one month.
At the start of this week, Xerox obtained a binding financing commitment from three major banks that are willing to lend it $24bn to partly fund the takeover efforts. Xerox thought this answered one of HP''s concerns ie, could it get hold of the cash and wrote to the object of its affections to let them know.However, this still didn''t answer HP''s main concern, one that it raised when Xerox first approached the business in November with this offer, namely that it falls short of their valuation.
On March 1, veteran producer Michael De Luca will take the reins of MGM #39;s motion picture group as the studio attempts to define its future at a time when mid budget films have largely fallen by the wayside and merger mania reigns in Hollywood.For the past two years, MGM has been the subject of acquisition rumors thanks to a rich library that includes the James Bond films, Tomb Raider and Legally Blonde. (The Bond films alone would be enough to attract the interest of major studios.) Nine years removed from its emergence from bankruptcy, MGM stakeholders believe the company could command up to $10 billion, but it appears that leadership hopes to burnish the asset before undertaking a sale.
About us Get Involved Research Conferences Job Portal Videos Hackathons Academic Rankings AI Hub Advertise Contact us Now Week Month Piramal acquires Decision Resources Group, US analytics company, for $635 mn Kelley School of Business ties up with IIM Lucknow for Analytics programmes iCreate Software - BI, Analytics for Banks Wipro acquires Australia analytics company Analytics Quotient I have a master''s degree in Robotics and I write hellip;
100 Industry Leaders' Experts' InterviewsDecarbonising India
About us Get Involved Research Conferences Job Portal Videos Hackathons Academic Rankings AI Hub Advertise Contact us Now Week Month Piramal acquires Decision Resources Group, US analytics company, for $635 mn Kelley School of Business ties up with IIM Lucknow for Analytics programmes iCreate Software - BI, Analytics for Banks Wipro acquires Australia analytics company Analytics Quotient Rohit is a technology journalist and a technophile who likes hellip;
Mumbai: The Hinduja group is still open to acquiring defunct Jet Airways (India) Ltd if the conglomerate is indemnified from the airline s legal liabilities. The reason we took interest was because government authorities approached us to help in survival of Jet. Even the banks approached us," said Gopichand P. Hinduja, co chairman of the London based group, which has presence in automobiles, financial services, and oil and gas, among other businesses. With our good relations and contacts in the Middle East and Gulf, we took the initiative to support and help."