JD Supra: Mergers
JULY 28, 2023
The U.S. Justice Department (DOJ) and Federal Trade Commission (FTC) (collectively, the “Agencies”) released for public comment draft Merger Guidelines that outline how the agencies evaluate proposed deals. The Agencies have periodically updated their Merger Guidelines, with the last such update in 2010.
TechCrunch: M&A
JULY 6, 2023
DigitalOcean , the cloud hosting business, today announced that it’s agreed to acquire Paperspace , a New York-based cloud computing and AI development startup, for $111 million in cash. DigitalOcean CEO Yancey Spruill says that Paperspace’s infrastructure and tooling, once integrated with DigitalOcean’s products, will enable customers to more easily test, develop and deploy AI applications.
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Business Standard - FInance
JULY 4, 2023
Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year
Global Banking & Finance
JULY 3, 2023
Japan’s top lenders in fresh drive to win US investment banking deals By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Japan’s top lenders aim to carve out a larger presence in U.S investment banking as they look to make better use of their massive balance sheets by winning a bigger slice of deals, executives say.
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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?
The TRADE
JULY 4, 2023
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
Investment Banking Today brings together the best content for investment banking professionals from the widest variety of industry thought leaders.
JD Supra: Mergers
JULY 24, 2023
Word began circulating a few days ago that tobacco giant Phillip Morris has agreed to purchase Israeli cannabis company Syqe Medical for a whopping $650 million if certain future events come to fruition. While the two companies evidently have some history together, this new deal is reportedly tied to Phillip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.
Global Newswire by Notified: M&A
JULY 31, 2023
Vista, California, July 31, 2023 (GLOBE NEWSWIRE) -- Watkins Wellness, a leader in hot tubs and aquatic fitness systems, today announced the expansion of its portfolio of personal well-being products and entry into the sauna category as a result of the pending acquisition of Sauna360 Group Oy (“Sauna360”) by Watkins Wellness’ parent company, Masco Corporation.
Business Standard - FInance
JULY 3, 2023
Several investors are concerned that since both stocks are among the widely held scrips in their portfolios, it could result in a fire sale of the entity at a beaten-down price.
Global Banking & Finance
JULY 4, 2023
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.
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.
The TRADE
JULY 5, 2023
AllianceBernstein (AB) has expanded its presence in the Middle East with a new office in Dubai International Financial Centre (DIFC), becoming the latest in a string of global asset management firms to set up shop in the region. The move comes as part of AB’s strategic plan to strengthen its presence in the Middle East. AB has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in the DIFC.
Cisco: M&A
JULY 28, 2023
Hello everyone, and welcome back to my little corner of the Internet. I always take inspiration from what I’m currently working on in my day job when putting together an idea for a post and/or video.
JD Supra: Mergers
JULY 13, 2023
Race for City Council President- Although the upcoming November City Council elections are just around the corner, experts have already changed gears and are looking ahead to the January 2024 council president race eager to see who will succeed the outgoing Council President Darrell Clarke.
Global Newswire by Notified: M&A
JULY 24, 2023
PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024.
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.
Private Equity Info
JULY 27, 2023
The number of private equity platform acquisitions and add-on acquisitions dropped significantly in 2023, showing the broad industry impact of recent Federal Reserve rate increases and other macroeconomic trends.
Global Banking & Finance
JULY 3, 2023
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales.
The TRADE
JULY 27, 2023
BNP Paribas saw a 3.3% increase in its overall revenue in the second quarter of 2023 compared to Q2 2022, despite a dip in its corporate and institutional performance and global markets results. Revenue for the corporate and institutional banking area were down 2.3% overall this quarter compared to Q2 2022, with a noted decrease in fixed income currencies and commodities (FICC) revenues attributed to “the normalisation of the activity in a less buoyant environment, particularly in fixed-income a
Cisco: M&A
JULY 26, 2023
There are things in life that just go better together. Salt and pepper. Fish and chips. Chili and cheese. Another perfect pairing, if you’re hungry for tech training, is the combination of Cisco U.
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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.
Razorpay
JULY 11, 2023
We have always believed that simplifying payments is a universal problem. Businesses across the world grapple with the same question: how can my payments experience be simpler, faster, and more efficient? At Razorpay, we took this challenge head-on in India, solving for tens of thousands of growing businesses as they embraced a bold, new digital future.
Business Standard - FInance
JULY 4, 2023
The Reserve Bank of India has rejected three applications, including the of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs).
Tyton Partners
JULY 17, 2023
Driving Toward a Degree 2023: Awareness, Belonging, and Coordination This in-depth study delves into the critical aspects of student support services in higher education and highlights the need to prioritize equity with excellence for the provision of high-quality education. The study surveyed over 2,000 students and 1,700 institutional stakeholders , revealing key barriers and opportunities to better support students.
Global Banking & Finance
JULY 3, 2023
UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019.
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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.
The TRADE
JULY 25, 2023
Clearwater Analytics is set to launch a new generative artificial intelligence solution aimed at improving the way institutional clients analyse investment data and respond to changing market dynamics. Named Clearwater-GPT, the solution claims to be the first AI-generative tool for the investment management industry and will be available to select clients throughout the second half of this year.
Cisco: M&A
JULY 13, 2023
As we celebrate the 30-year anniversary of the Cisco Certified Internetwork Expert (CCIE) certification and 20 years of the CCIE Collaboration certification, we reflect not only on our past… Read more on Cisco Blogs
Razorpay
JULY 25, 2023
Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. It deals with analyzing, classifying, collecting, and presenting a company’s financial data. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.
Business Standard - FInance
JULY 1, 2023
State Bank of India, on Saturday, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.Dinesh Khara, the chairman of the SBI, inaugurated the hubs, on the occasion of the 68th foundation day of the bank.As part of the transformational journey of Transaction Banking services and Current Account-related offerings, the bank's goal is to meet all customers' needs and provide comprehensive
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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.
Private Equity Info
JULY 10, 2023
Private equity firms collectively acquire thousands of companies every year. PE firms often acquire platform companies to gain a foothold in an industry and then use that platform to acquire other smaller companies in the same industry. Platform acquisitions therefore signal that an industry may experience accelerated M&A activity and investment by private equity firms.
Global Banking & Finance
JULY 3, 2023
UBS goes on hiring spree for wealth managers catering to rich Americans By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after the takeover of Credit Suisse.
The TRADE
JULY 19, 2023
More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Of the respondents, 35% labelled volatility “significantly better” than other strategies, while 33% reported a “slightly better” performance. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.
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