FINANCE TODAY

by Samiksha July, 2021, New Delhi : L&T Mutual Fund has announced the appointment of Ms. Cheenu Gupta as a Fund Manager for equity investments of certain schemes of L&T Mutual Fund. Cheenu will be the primary fund manager for 5 schemes namely L&T Hybrid Equity Fund  (Equity Component) , L&T Tax Advantage Fund, L&T Large and Midcap Fund, L&T Equity Savings Fund ( Equity Component ), and L&T Conservative Hybrid Fund  (Equity Component) and will also co-manage 4 schemes namely, L&T Infrastructure Fund, L&T Business Cycles Fund, L&T India Large Cap Fund and L&T Balanced Advantage Fund (Equity Component). She has over 16 years of work experience and has managed funds both in the mutual fund and insurance industry. Prior to joining L&T Mutual Fund, she was Fund Manager-Equities at Canara Robeco MF for more than three years. She has also worked with ING Investment Management, Tata AIA Life Insurance and a few other companies. Ms. Cheenu...

by Samiksha  One of the fastest growing suburbs of Mumbai, the Malad-Goregaon region is situated in the north-west part of the city. From being a sparsely populated outskirt, it has transformed into a vibrant residential, commercial and IT hub owing to the various developments, especially since the turn of the millennium. The 16th century Malad was a cluster of villages known for its serene beaches, churches and temples with an airy, open feel of a laid back life. Until the mid 20th century, trails of creeks and mangroves transect the area. Its popular beaches-- Aksa, Marve, Madh etc -- along with the Madh Fort and Essel World amusement park were ideal settings for film and TV shootings. Additionally, it was recognised for INS Hamla, the training and logistics establishment of the Indian Navy. However, since the latter part of the last century, the area started growing and witnessing good housing demand from the upper and middle-class people. As a result, particularly on the west-s...

by Samiksha - Becomes India's first Payments Bank to achieve 970 million digital transactions in March 2021 - India's largest digital banking service provider with 64 million bank accounts, deposits over Rs 3200 Crores - Ahead of all Indian banks in terms of users' preference to receive UPI payments - Largest UPI beneficiary bank with over 99.96% success rate and rapidly gaining traction as a remitter bank, as per NPCI report - Paytm Wallet strengthens its position as the strongest digital payments service with 325 million wallets - PPBL leads the largest issuer of FASTags preferred by over 9 million electronic toll tags sold across the country India’s homegrown Paytm Payments Bank Ltd (PPBL) has today announced that it has become the top enabler of digital payments in the country by registering over 970 million digital transactions in the month of March 2021. This achievement has been led by the growth in transactions on Paytm Wallet, Paytm FASTag, Paytm UPI, and internet ...

The new cooperation aims to enable the scaled deployment of AI-based solutions  for industrial manufacturing by Samiksha India - April  –  Google Cloud and Siemens, an innovation and technology leader in industrial automation and software, today announced a new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future.  Data drives today’s industrial processes, but many manufacturers continue to use legacy software and multiple systems to analyze plant information, which is resource-intensive and requires frequent manual updates to ensure accuracy. In addition, while AI projects have been deployed by many companies in “islands” across the plant floor, manufacturers have struggled to implement AI at scale across their global operat...

Designed with cloud native thinking, this ‘do with’ approach gives customers on-demand access to a dedicated pod of cloud engineers working alongside their team to deliver cloud outcomes while empowering ongoing innovation  by Samiksha  Bangalore  –   April , 2021   – ༯span> Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, announced the launch of their new service model designed to help customers build and operate modern cloud environments, Rackspace Elastic Engineering. While traditional cloud managed services are fixed scope and focused on infrastructure operations, Rackspace Elastic Engineering helps customers embrace a cloud native approach while delivering ongoing innovation, modernization, and transformation, in addition to world-class 24x7x365 operations. Releasing today to support all three major public cloud providers, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), Racksp...

by Samiksha Mumbai, April :  Mumbai’s well-known rally-driver Khyati Mody continues to go where no female racer has gone before. After creating many firsts and winning multiple podiums, including internationally, Khyati will become the first and only female participant in the newly added SUV Class in the upcoming Indian National Rally Championship (INRC).  “I am very excited about the new season as I am going to take part in a new class,” she said. “In my first foray into the INRC last year, I managed to finish second even though I couldn’t participate in the final round as I had tested positive for Covid,” she added. This year too, she is aware of the risks involved, with India currently in the grip of a second wave. “There are a lot of worries but I am all geared up for it and I do hope I can compete in each round this year,” she said. Incidentally, she will be travelling from Dubai, where she is currently based, for each of the rounds.  Khyati will be taking part in a ...

by Samiksha New Delhi, 20th, April 2021:  Angel investor platform Agility Venture Partners, who've steered multiple startups through successful bridge rounds, has launched a consulting division to mentor startups. This division, Agility Consulting Services (ACS), will mentor startups across their chapters, including their international divisions in Sydney, London and Dubai. "The startup ecosystem sees nearly 90% companies fail within the first five years, while only 1.3% get to unicorn status. With Agility Consulting Services (ACS), we would help companies get the right expertise on a consumption-based model", said Prashant Narang, founder, Agility Venture Partners.   "ACS plans to help startups in leadership augmentation, business consulting, mentoring and advisory services. We would help them access specialists in the fields of technology and functional support", he added.   ACS unit will be headed by Atul Kulshreshtha, who is an industry veteran, entrepreneur...