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Latest Articles in financial services
Our Strategy Is Focused On Hybrid Cloud & AI
IBM is on a growth path and sees hybrid cloud and AI as a $1 trillion market opportunity, informs Sandip Patel, MD, IBM India in this conversation with BW Businessworld. Excerpts:
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Redefining Customer Experience In Banking, Financial Services Using Data And Analytics
Leading firms are tapping into valuable, but underleveraged data sources to better understand customers, identify gaps in experience, and deliver personalized experiences. However, this is easier said than done.
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Financial Services Company FIS To Hire 10,000 People In India
India is a strategic centre of employment for FIS with nearly one-third of FIS employees living and working within the country''s borders and it will invest heavily in this market
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Xiaomi To Offer Full Spectrum Of Financial Services In India Via Partners
The top executive said Mi Credit will now offer a higher pre-approved loan of Rs 25 lakh (against Rs 1 lakh previously) and tenure of up to 60 months.
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Hiring Activity Rises 11 % In Apr-Jun; IT, Financial Services, BPO/ITeS Drive Demand: Survey
As many as 76 per cent of the job seekers surveyed did not receive COVID-related benefits/compensation packages or mental health support.
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RBI Allows Centrum To Take Over PMC, Re-Launch It As SFB In JV With BharatPe
The PMC books were so bad that as much as 73 per cent of its assets or over Rs 6,500 crore of its loan book of Rs 8,880 crore were to one account HDIL, and all of them had turned dud as of September 19, 2019.
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NTT And Tokyo Century Collaborate On Data Center Operations In India
NTT and Tokyo Century agreed that combining the strengths of both companies and jointly operating and promoting data centers will enhance corporate value.
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RBI Guv Asks Pvt Banks To Ensure Continuity In Provision Of Various Financial Services
The governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services.
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Motilal Oswal Logs Highest-Ever Quarterly Net Profit Of Rs 448 Cr In Mar Quarter
The main brokerage business booked the highest-ever revenue and profit at Rs 514 crore for the quarter, which was up 51 per cent as against a year ago.
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Paytm To Make Available 21,000 Oxygen Concentrators From May 1st Week
India is struggling with the second wave of the coronavirus infection and hospitals in several states are reeling under shortage of medical oxygen and beds in view of rising number of COVID-19 cases.
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Engineering Success
Revenue from the hydrocarbon business, which contributed 11 per cent to total revenue, grew 15.1 per cent year-on-year to Rs 4,979.2 crore and EBIT jumped 30 per cent to Rs 502.3 crore.
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Coforge To Acquire Controlling-Stake In SLK Global Transaction Provides A Multi-Year Partnership Commitment From Fifth Third Bank
SLK Global reported consolidated revenue of $62 million during FY’20 and is expected to report consolidated revenue of $73 million during FY’21, representing a growth of about 15% despite the impact of Covid-19.
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Jeep India, Axis Bank Join Hands To Launch Financial Services Initiative For Customers, Dealers
Jeep customers will be serviced from the bank's 4,586 branches spread across India and also via on-site counters at high footfall Jeep brand dealerships.
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ICRA Upgrades Long Term Debt Rating Of Muthoot Finance
This upgrade can further attract investments from Retail Investors in the public Issue of NCDs in which company has track record of 24 issuances raising Rs. 17392 crore cumulatively.
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Rupee Inches 2 Paise Higher To Close At 72.91 Against US Dollar
On the domestic equity market front, the BSE Sensex ended 254.03 points or 0.50 per cent higher at 51,279.51, while the broader NSE Nifty advanced 76.40 points or 0.51 per cent to 15,174.80.
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