WEB NEWS

by Priya J Bangalore, February, 2023:  PRMIA Bangalore Chapter brought together industry stalwarts, banking experts and thought leaders to its interesting webinar on - Enterprise Resilience through Future Ready Workforce. The event was actively participated and drew about 100 participants. Setting the tone of this event, Mr. Pradeep Kumar, the renowned banker and Chairman of Karnataka Bank, emphasized how the Workforce is the most valuable intangible asset of an enterprise. COVID taught us to develop the next generation of workers into resilient, future-ready workforce, constantly expand capacity to innovate and thrive, rather than just survive. In today’s highly competitive environments, Risk Education gives that required competitive edge to both working professionals and the enterprises. A future ready workforce can optimize organizational progress towards an unseen future. The most challenging task before us today is workforce transformation to support business transformation. Mr. P

by Priya J New Delhi, February 28, 2023:  Bajaj  Finserv Ltd., one of India's leading and diversified financial services groups, has committed support to differently-abled persons by providing hi-tech mobility solutions that enable them to integrate into mainstream society. The initiative  ‘Accessibility & Freedom’  is part of Bajaj Finserv's social responsibility programme, aimed at driving equitable and inclusive opportunities for children and youth. It is being funded and driven through its subsidiary, Bajaj Allianz General Insurance Company, in partnership with Round Table India, a non-profit working to improve the lives of differently-abled persons. The initiative was launched at an event in Pune where 40 differently-abled persons identified by Round Table India were provided hi-tech mobility devices that convert a wheelchair into a roadworthy vehicle. The device is an indigenous innovation by NeoMotion, a start-up from R2D2 of IIT Madras. It comprises NeoFly, a compac

MOU signed to enable remittances to India through HDFC’s online and mobile banking powered by LuLu Exchange The partnership will first launch ‘RemitNow2India’ service for quick money transfer from UAE to India by Priya J Abu Dhabi, UAE/ Mumbai, India, February 22, 2023 : India’s largest private sector bank – HDFC Bank, and UAE based financial services company – Lulu Exchange, have signed an agreement to strengthen cross-border payments between India and Gulf Cooperation Council (GCC) region. In its first phase, the partnership will draw on Lulu Exchange’s expertise and regulatory framework to launch a digital inward remittance service titled ‘RemitNow2India’ that will allow resident individuals of UAE to send money to any bank account in India via IMPS and NEFT through HDFC Bank’s digital banking channels. The partnership will also look to strengthen the existing relationship between the two entities in India, where LuLu Financial Group operates LuLu Forex and the NBFC division LuLu Fi

With   the   current   investment   in   Biocon,   the   Kotak   Special   Situation   Fund   has   deployed   100%   of   its   corpus of   USD   1   billion  by Priya J Mumbai, 22 nd  February 2023:  Kotak Special Situations Fund (KSSF), managed by Kotak Investment   Advisors Limited (KIAL), today announced an investment of Rs 1,070 crore in Biocon Limited (BL). Biocon   will use the proceeds to finance Biocon Biologics' acquisition of the biosimilars business of its partner   Viatris   to   create   a global vertically integrated   biosimilars player. Srini Sriniwasan, managing director, Kotak Investment Advisors Limited said, “This investment in Biocon   comes at a pivotal point when Biocon is forward integrating its biosimilars business. Going forward   Biocon will realize full revenues and profits from this business. With this the USD 1 billion Kotak Special   Situations   Fund   is fully   committed.   India   continues   to   offer unique and   attractive   risk-adjusted op

by Priya J February 09, 2023 : The much-awaited Goa Carnaval & Shigmotsav festival dates were announced in a press conference conducted by the Ministry of Tourism, Goa, convened under tourism minister Mr Rohan Khaunte. During this press conference, the minister filled in the major details regarding the ever-vibrant folk festivals emerging from Konkani and Western-Christian roots growing back centuries, along with the state's tourism plans. The Goa Carnaval 2023 will be very unique as it will be a blend of sea, air, and ground. This year we will witness aerial participation for the very first time, a helicopter will be part of the carnival parade, and there will be floats in the river Mandovi.   Going back to the Konkani roots from where the Intruz started, the Carnaval originates from Mardi Gras, a Christian tradition of indulgent feasts and dancing & drinking bouts before the fasting and abstinence associated with the penitential season of lent. This year, the Carnaval is