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The first-of-its-kind fintech regulatory sandbox and framework in the middle-east and North Africa region will enable Rubique to further develop and test its fintech innovations

Mumbai, May 29, 2017: India's leading one-stop online marketplace providing technology enabled end-to-end solutions to the financing needs of individuals & SMEs, Rubique is paving its way onto the most prestigious global fintech daises time and again. The platform has now been selected by Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, to be a part of the first batch of its FinTech Regulatory Laboratory (RegLab) programme. Comprising 5 successful local and international FinTech startups with various innovation offerings, Rubique is one of the only two Indian fintech companies selected among the 11 applications. The platform will now develop and test its fintech innovations further as part of the programme.

The newly announced members are offering a range of innovations from data analytics for credit risk assessments, robo-advisory, artificial intelligence in digital ID, to solutions that can promote financial inclusion among the unbanked, and digital services that enhance operational risk management. As a member, Rubique along with all its fellow participants will receive regulatory guidance from a dedicated ADGM fintech team, and support from ADGM fintech ecosystem partners.

Commenting on this opportunity, Manavjeet Singh, CEO & founder said , "It is a moment of pride for Rubique to be selected for such a prestigious programme and share the platform with some of the top fintech platforms of UAE, the USA and another one from India. We will leverage this opportunity to further enhance our innovation by elevating the wave of technology and putting India's fintech segment on the global map. Our aims are to share and enhance our advanced and ground-breaking technology in transforming the global fintech ecosystem."

Mr Wai Lum Kwok, Executive Director of Capital Markets of the Financial Services Regulatory Authority, ADGM said , "We are pleased to welcome Rubique as one of the pioneering Reglab participants, which have demonstrated a sound understanding of the market needs with their transformational solutions. As an International Financial Centre, it is important that we value and embrace innovations that support the development and growth of our financial markets. What better way than to get up close to guide the RegLab firms through the develop-test-and-implement journey and assist them in better understanding the regulatory environment to realise their innovations."

Rubique has rapidly established itself as the definitive fintech player in India, disrupting the landscape of financial products driven by its innovative and robust tech infrastructure. Through its various technological applications such as the Rubique Advantage feature, it enables users to quickly process loans through tools such as e-KYC. It expedites the process of in-principle approval of credit card applications and also ensures a hassle-free and seamless lending process thanks to its massive integration with lending systems of multiple financial institutions. Rubique endeavours to ultimately plug in the gap between lenders and borrowers through a wide range of capital financing options.

The ADGM RegLab is the first of such fintech regulatory sandbox and framework in the Middle East and North Africa (MENA) region. It is a tailored regulatory regime for fintech participants designed to foster innovation within the UAE financial services market for both new market entrants and existing financial institutions. By taking into account the unique business model and risks of the fintech participants and customising the test boundaries and regulatory requirements accordingly, the RegLab allows participants to develop and test their fintech propositions in a safe environment without putting an undue regulatory burden on them.

Corporate Comm India (CCI Newswire)

 
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New Delhi, May 29, 2017: The Centre will foster BIM engineering knowledge among students & educators. Bentley Institute brings its experience and BIM Best practices from BIM Advancement Academies from all over the world such as Cross Rail BIM Advancement Academy in London.

Vinayak Trivedi, Vice President and Global Head Bentley Institute, said "In these days of mega Infrastructural projects the focus of architects, engineers, constructors, owner-operators is on executing projects within time and cost- which is at the heart of 5D BIM. In order for students to be competitively employable with a career of their choice, while it is important for them to supplement their knowledge with practical experience of cutting edge technologies and tools, it is equally important that engineering institutes expose students to the big picture of project execution. This can be achieved through Academia – Industry collaboration and BIM Advancement Lab at CTTC, Bhubaneswar is one good medium to bring all that together."

Mr. Sibasis Maity, Managing Director, CTTC the visionary was delighted on such world class facilities coming up in Bhubaneswar, he Congratulated the CTTC faculty and students while advising students to make the best use of this technology for their career.

Mr. L Rajashekhar, Deputy General Manager of CTTC , who has brought The Bentley BIM Lab here was delighted and guided students that they should get rid of inertia of learning and accepting new things and innovative changes around them. These technologies and processes implemented at their institute will immensely benefit the students and will create a road to success for students in the state of Odisha.

Mr. Sangram Mohanty of Advanced Educare Training Pvt. Ltd. (AET), said "The Vision of AET, as the Channel Partners of Bentley, is to improve the lives of people by empowering them, Educational Institutions collaboration initiative was taken to bridge the gap between the industry and the academia, through continuous skill development programs.

Corporate Comm India (CCI Newswire)

 
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New Delhi, May 27, 2017: The Prime Minister, Shri Narendra Modi, inaugurated India's longest bridge - the 9.15 km long Dhola-Sadiya bridge over the River Brahmaputra, in Assam today. The bridge will ensure 24X7 connectivity between upper Assam and Eastern part of Arunachal Pradesh, marking a major transformation from the ferry-based, day-only connectivity that collapsed during floods. It will also reduce the distance and travel time between the two states. The distance between Rupai on NH- 37 in Assam to Meka/Roing on NH-52 in Arunachal Pradesh will be cut down by 165 KM. The travel time between the two places will come down from the current six hours to just one hour – a total five hour reduction.

Addressing a public meeting at Dhola on the occasion, the Prime Minister said Dhola-Sadiya bridge opens the door for economic development in the North East on a big scale. He said the eastern and north-eastern parts of the country have the greatest potential for economic development, and this bridge is just one element of the Union Government's vision in this regard.

The Prime Minister further said that enhanced connectivity between the North-East and other parts of the country is a priority for the Union Government, and work has been greatly speeded up in this regard. He said that good connectivity in the North-East will also link the region with the economy of South-East Asia.

The Union Government has decided to name the Dhola-Sadiya bridge after the great musician, lyricist and poet, Bhupen Hazarika.

Also speaking on the occasion the Minister of Road Transport & Highways and Shipping Shri Nitin Gadkari said that highways and inland waterways projects worth about Rs 40,000 crores are currently being implemented in the North Eastern states, and there are plans to spend about Rs 1,50,000 crores on projects in these states in the next two years . He gave details about the major highways projects in the eight North Eastern states and said that a total of about 3,000 km of roads are currently being constructed in these states. He also elaborated upon the planned and ongoing work for development of the Brahmaputra River (National Waterways – 2) and Barak River (National Waterways-16). He said that developing road and inland waterways connectivity was a major priority with this government as this would greatly raise prosperity in the North Eastern region of the country and bring about development not only in these states but in the country as a whole.

Corporate Comm India (CCI Newswire)
 
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Mr. Alireza Moghaddam, Chairman, AMIDT Group

New Delhi, May 26, 2017:
China's economic data is key to copper prices. Copper prices slipped due to weak imports from its top consumer China to a four-month low. Benchmark copper on the London Metal Exchange was down 0.3 percent at $5,497 a tonne at 0911 GMT. Earlier it fell to $5,481.50 towards Monday's $5,462.50, the lowest since Jan 4.

Chinese imports of copper collapsed more than 30 percent in April from a month ago to 300,000 tonnes. A higher U.S. currency also weighed on sentiment as it makes dollar-denominated metals like copper more expensive for holders of other currencies, which potentially could subdue demand.

Moreover there are more Copper inventories in warehouses as compared to previous months. Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability.

Along with China, Japan, India, South Korea and Germany are other largest importers of copper. The Indian economy has the highest growth rate of 7% in the world and this is expected to cross 8% in the near future. All developmental and infrastructure projects, industrial production of cars, electronics, IT, Telecom and other sectors will see a rise in demand for copper. Along with China, India will play a major role in shoring up the demand for copper in the coming years.

All the above stated scenarios mean cheaper copper for the Indian infrastructure industry. As the Indian Elephant rumbles on, cheaper copper prices mean more expenditure by the private and the government sector across industries.

Even though demand from China is key in controlling the prices of metals, this can be easily be offset by demand from countries like India. As the Indian economy grows, sectoral spending across sectors will go up, thereby creating a new demand bank for copper. Copper being the base metal for any developing economy, cheaper availability will mean a higher demand. . For India, fall in Chinese demand for copper is a boon for its growth.

However, for India to benefit from falling Copper and metal prices, it needs to increase its exports and domestic consumption which is currently very low and subdued. It needs to increase its local consumption of metals which is currently very slow due to moderate economic growth and lack of execution of proposed investments in infrastructure development.

Going forward, we see India will increase its consumption as government will start spending on infrastructure development across states. After the thumping win in the Uttar Pradesh elections, the government would be spending a massive amount in development of infrastructure in this state alone as promised during the elections. With more states coming into the current government's portfolio the overall expenditure would have a huge impact on the copper prices. Added to this is the 100 Smart City program of the government, where copper would play a key role in infrastructure development.

India with its tremendous potential can control metal prices as China slips. China still consumes half of world's metals but this figure is on the decline. Countries like India can easily replace China if proper policies are implemented and executed by the Indian government.

Corporate Comm India (CCI Newswire)

 
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Bangalore, May 26, 2017: Students of Canadian International School (CIS), Bangalore, actively came forward to paint murals and clean/beautify the area around Yehlanka Lake on 24th May 2017 as part of their community service and contextual learning program.

The lake rejuvenation program was attended and held under the supervision of Mr. SR Vishwanath - MLA of Yelahanka Constituency, Mr Ravi - President of YUVA- Yelahanka, Mr. Shiva Kumar - President of the Yelahanka Lake Association who supported and appreciated the CIS team for their progressive efforts to beautify the Yelahanka area for the 2nd year in a row. The project presented an opportunity for the students to work under collaboration, as well as the opportunity to experience the labour of creating a public piece of art and community service.

Ms. Shweta Sastri, Executive Director, CIS added “Seeing the fading surroundings of the lake, our students of grade 7, embarked on a challenge to clean, beautify and revamp the area around the lake. It’s a proud moment for us to see our kids take up the initiative enthusiastically to bring in a change to restore the beauty of Yehlanka Lake”.

Corporate Comm India (CCI Newswire)

 
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Panaji, May 25, 2017:  Sandip Bhandare has been elected unopposed as the President of Goa Chamber of Commerce and Industry (GCCI) for the term 2017-19.

He will succeed Narayan Bandekar who has been President of the Chamber for the last two terms from 2013 to 2017.

According to a press release here today, ever since Mr Bhandare joined the Chamber in 1994, he has played an active role in the Chamber's affairs and has served in many important positions such as Treasurer and Vice President for last several terms.

A rank holder of the Institute of Chartered Accountants of India and a reputed practicing Chartered Accountant, he has been heading the Chamber's Taxation Committee since 2003. He has been one of the main opinion makers in the Chamber and has been instrumental in shaping the Chamber's policies in various important matters.

The fact that he was chosen unanimously to carry forward the legacy of a dynamic and charismatic leader like Mr Bandekar showed the level of confidence that Mr Bhandare enjoyed among the Chamber members.

He also enjoys excellent rapport with other major industry associations heads in the state.

In the past he has served on many important positions - in 2006 he was elected as the chairman of Goa Branch of ICAI. He has chaired the Goa Government's Task Force on GST. He has served as Director on Goa Electronics Ltd and is currently Director of EDC Ltd. Mr Bhandare has authored a couple of books on VAT and used to also teach Income Tax at Dempo College of Commerce and Economics, the release added.

United News of India
 

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