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BANKING/FINANCE

Union Bank of India  raises Rs 2,000 crore through Qualified Institutions Placement

Union Bank of India has raised Rs 2,000 crore through Qualified Institutions Placement (QIP) aggregating to Rs.2000 crore through allotment of 12.93 Crore Union Bank shares Highlights of the Issue: Allotment of 12.93 crore shares at Rs.154.65 per share (including premium of 144.65 per share) aggregating to Rs.2000 crore. The QIP received …

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African Bank Accelerates Market Responsiveness with Central Decision Hub from FICO

Bank creates central decision hub with FICO technology to launch new credit strategies 30 percent faster and at 25 percent lower cost  by Suman Gupta Mumbai, India — November 23, 2017 HIGHLIGHTS: African Bank, a large retail bank in South Africa, has worked with Silicon Valley analytics firm FICO to …

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First-of-Its-Kind Program from Acclaimed Zicklin School of Business at Baruch College Launches in Collaboration with the Bombay Chamber of Commerce and Industry and Think Education

by Suman Gupta Mumbai November 17, 2017 –The flagship business school within The City University of New York (CUNY), the largest and most renowned urban university system in the United States, Baruch College’s Zicklin School of Business, is launching a first-of-its-kind, convenient, affordable, and accelerated Executive Master’s in Finance (EMSF) in …

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ANMI requests Finance Ministry to carry out urgent tax reforms

–         At its 9th International Convention, submits a six-point manifesto to the ministry to catalyze growth of capital markets –         Also identifies new frontiers of growth for financial services amid a changing regulatory environment: ANMI  by Suman Gupta  Mumbai, November, 2017: Association of National Exchanges Members of India (ANMI) has drawn up a five-point …

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Axis Bank Wins Dale Carnegie Global Leadership Award 2017

Dale Carnegie Training India awards Axis Bank with the prestigious Dale Carnegie Global Leadership Award 2017  by Suman Gupta Gurgaon, November , 2017: Dale Carnegie Training India has announced Axis Bank as the winner of the prestigious Dale Carnegie Global Leadership Award 2017. The first runner-up award went to Capgemini, …

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Union Bank of India signs agreements with Dai-ichi Life Holdings, Inc., Japan for investment by Dai-ichi Life in Union Asset Management Company Private Ltd (Union AMC).

by Suman Gupta Mumbai – October, 2017: Union Bank of India today entered into Investment & Subscription agreements with globally leading life insurer, Dai-ichi Life Holdings,  Inc., Japan (Dai-ichi Life) for their investment of Rs.133.43 crore in Union Asset Management Company Private Ltd. through Compulsorily Convertible Preference Shares (CCPS). Considering …

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Authored Article by: Mr. Alireza Moghaddam, Chairman, AMIDT Group   IS INVESTING IN UPCOMING MARKETS A GOOD IDEA?

by Suman Gupta The first half of 2017 has seen exchange-traded funds investing in stocks from developing nations as Brazil, China, India, Mexico and Russia have taken in $10.5 billion in new money. With $127.8 billion in total assets, one-twelfth of all the money in these funds has come in …

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