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The growing participation of state enterprises in industrial supply chains raises concerns over the implications for global markets of the subsidies that some of these companies receive. New firm-level evidence from the OECD MAGIC database shows that state enterprises are relatively larger recipients of industrial subsidies than their private competitors. They can also benefit from indirect government support, such as favourable treatment under competition rules and government procurement. Despite these advantages, evidence indicates that state enterprises in manufacturing tend to underperform financially. The report provides unprecedented evidence about the role certain state enterprises play as providers of subsidies, such as when providing financing and inputs to other firms at below-market prices. The analysis concludes by describing the implications of these findings for trade rules and the governance of stateowned enterprises. [ABSTRACT FROM AUTHOR]

This study evaluates the performance of local large language models (LLMs) in interpreting financial texts, in comparison to closed-source, cloud-based models. Our study is comprised of two main exercises. The first exercise benchmarks local LLM performance in analyzing financial and economic texts. Through this exercise, we introduce new benchmarking tasks for assessing LLM performance and explore the refinements needed to improve local LLM performance. Benchmarking results suggest that local LLMs are viable as a tool for general NLP analysis of financial and economic texts. In the second exercise, we leverage local LLMs to analyze the tone and substance of bank earnings calls in the post-pandemic era, including calls conducted during the banking stress of early 2023. Using local LLMs, we analyze remarks in bank earnings calls in terms of topics discussed, overall sentiment, temporal orientation, and vagueness. In response to the banking stress of early 2023, bank calls tended to converge to a similar set of topics and conveyed a distinctly less positive sentiment. [ABSTRACT FROM AUTHOR]

In this paper we outline tokenization, which is a new and rapidly growing financial innovation in crypto asset markets, and we discuss potential benefits and financial stability implications. Tokenization refers to the process of constructing digital representations (crypto tokens) for non-crypto assets (reference assets). As we discuss below, tokenizations create interconnections between the digital asset ecosystem and the traditional financial system. At sufficient scale, tokenized assets could transmit volatility from crypto asset markets to the markets for the crypto token's reference assets. [ABSTRACT FROM AUTHOR]

Previous research has found evidence suggesting that financial technology (FinTech) lenders seek out opportunities in markets that have been underserved by mainstream banks. The research focuses primarily on the effect of bank market structure, limited income, and economic hardship in attracting FinTech companies to underserved markets. This paper expands the scope of FinTech research by investigating the role of interest rate regulation of consumer credit and institutional risk segmentation in FinTech lenders' efforts to solicit new customers in the personal loan market. We find that strategic partnerships between FinTech companies and specialist banks target marginal-risk, near-prime, and low-prime consumers for credit card and other debt consolidation loans. These FinTech-bank partnerships especially target marginal consumers in states with low interest rate ceilings. Mainstream banks largely avoid higher-risk consumers, and low rate ceilings inhibit consumer finance company lending, which historically has been the major source of personal loans for higher risk consumers and may compete with banks at the margin. In partnering with the specialist banks, the FinTech lenders are able to take advantage of federal preemptions from state rate ceilings to lend profitably to higher-risk consumers in stateswith lowrate ceilings to compete in these markets. [ABSTRACT FROM AUTHOR]

The emerging world of decentralized finance (DeFi), facilitated by smart contracts operating on blockchain networks, has been notable both for its rapid growth and the high-profile collapses of several of its largest participants. In this paper, we provide a technical account of the financial mechanisms which facilitated the growth and eventual collapse of the Terra Network. From this analysis, we outline a generalizable economic theory of blockchains which aims to differentiate the economics of blockchains as programmable environments from blockchains as accounting ledgers for crypto-assets. This adds to the existing literature on crypto-assets, which largely focuses on the financial characteristics of the crypto-assets themselves rather than their underlying blockchains. We argue that DeFi is structured so as to offer consumers distinct blockchain networks as competing choices differentiated by several key characteristics. We test several implications of this theory using Terra's collapse as a natural experiment, finding evidence that bridges between programmable blockchain networks create increased risk of spillover effects to other blockchains' programmable environments in the wake of a major shock event like Terra's collapse. Specifically, blockchains suffered a time-bound loss of market share and the likelihood of this loss grew approximately 40% for each additional bridge that was deployed in common with Terra at the time of Terra's collapse. [ABSTRACT FROM AUTHOR]

This brief considers a suitable model of representation for the technological higher education sector in Ireland, drawing on stakeholder consultations and international practice. It extends recent OECD work on higher education in Ireland, including the review of technological university academic career paths, contracts and organisation, and provides a case study of sectoral representation in higher education. The report assesses the challenges faced by the Technological Higher Education Association (THEA) considering recent institutional and systemic changes and outlines six expected functions for a representative body: 1) public advocacy, 2) industrial relations, 3) professional working groups, 4) representation in policy development and implementation, 5) project management, and 6) sectoral branding. The international comparison contextualises the analysis in the brief by mapping higher education representative bodies in selected OECD systems and examining how they navigate this diverse and occasionally conflicting set of functions. The stakeholder consultation identified a shared transformation agenda unique to technological universities in Ireland, which would guide the remit of the sector's representative organisation going forward as it employs its various functions to focus on governance and institutional leadership, financial management, academic career transformation, research and innovation, and diverse learning demands. The brief presents a set of five options for the organisation of higher education representation in Ireland. In the near to medium term, it recommends maintaining a separate sectoral representative organisation to support the transformation and embedding of technological universities. In the long term, it envisions the emergence of a single whole-of-higher-education representative body, reflecting the size of the Irish higher education system. The brief was prepared in the OECD Secretariat by Thomas Weko and Matej Bílik, with the assistance of Marika Prince. We extend our appreciation to the numerous stakeholders in Ireland who generously contributed their time and insights during the preparation of this document. [ABSTRACT FROM AUTHOR]

Default auctions at central counterparties (or 'CCPs') are critically important to financial stability. However, due to their unique features and challenges, standard auction theory results do not immediately apply. This paper presents a model for CCP default auctions that incorporates the CCP's non-standard objective of maximizing success above a threshold rather than revenue, the key question of who participates in the auction and the potential for information leakage affecting private portfolio valuations. We show that an entry fee, by appropriately inducing members to participate or not, can maximize the probability the auction succeeds. The result is novel, both in auction theory and as a mechanism for CCP auction design. [ABSTRACT FROM AUTHOR]

Through the lens of a nonlinear dynamic factor model, we study the role of exogenous shocks and internal propagation forces in driving the fluctuations of macroeconomic and financial data. The proposed model 1) allows for nonlinear dynamics in the state and measurement equations; 2) can generate asymmetric, state-dependent, and size-dependent responses of observables to shocks; and 3) can produce time-varying volatility and asymmetric tail risks in predictive distributions. We find evidence in favor of nonlinear dynamics in two important U.S. applications. The first uses interest rate data to extract a factor allowing for an effective lower bound and nonlinear dynamics. Our estimated factor coheres well with the historical narrative of monetary policy. We find that allowing for an effective lower bound constraint is crucial. The second recovers a credit cycle. The nonlinear component of the factor boosts credit growth in boom times while hinders its recovery post-crisis. Shocks in a credit crunch period are more amplified and persist for longer compared with shocks during a credit boom. [ABSTRACT FROM AUTHOR]

We construct a Financial Stress Index (FSI) for a small open economy, which aims to provide clear and timely signals of financial market strains. This can be used in developing appropriate responses to address these adverse events. To do so, we use the principal component framework and apply it to Australian monthly data on interest rates, spreads, exchange rates, house price growth and ination expectations. Decomposing the index into foreign and domestic components, we find that the foreign factors can explain more than half (57.4%) of our Australian Financial Stress Index (AFSI). To determine the information content of our index, we run a series of Granger causality tests on several economic and financial observables. We also estimate whether including the AFSI can improve the prediction of the different economic and financial outcomes relative to a specification that uses only its own previous data. We find that including the AFSI improves the forecasts for future retail sales growth and bank credit growth. Finally, we show that financial stress can have non-linear effects on bank credit growth. In particular, an increase in financial stress affects credit growth more adversely if AFSI is high. This result further highlights the importance of an accurate and timely measure of financial stress in an economy for researchers and policy makers. [ABSTRACT FROM AUTHOR]

This paper offers a fresh perspective on fundamental issues in using official incorporation records to corroborate the identity of corporate entities by comparing two publicly-available sets of information, namely, business registry incorporation records and reference data from the Legal Entity Identifier (LEI) system, with some focus on the monitoring function performed by LEI issuers as agents for LEI data users. Three modes of analysis are used to consider these issues, high-level analysis of LEI system data about U.S. entities with LEIs, interviews conducted with U.S. business registries, and entity-level comparisons of business registry and LEI records for entities with LEIs incorporated in the states of Ohio and Massachusetts. The fresh perspective provided here includes attention to key comparison issues such as truncation of Legal Names in official records; significant state-level variation in requirements to provide business address information in incorporation records or periodic reports; recognition that some key business register data may not be readily available or available only at a cost; whether in this context enhancements can be made to the expectations for, and disclosures by, LEI issuers in their monitoring role; and to what extent the high incidence of non-renewal of LEIs might play a role in the quality of LEI reference data. The paper develops measures of scope and degree for many key issues that can arise in using business registry information within an identity-corroboration context. The exceptional transparency of the LEI system allows for detailed comparisons that connect its data quality and value proposition with its sources and methods. [ABSTRACT FROM AUTHOR]

We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial markets. Comparing cards with and without rewards, we find that, regardless of income, sophisticated individuals profit from reward credit cards at the expense of na¨ıve consumers. To probe the underlying mechanisms, we exploit bank-initiated account limit increases at the card level and show that reward cards induce more spending, leaving na¨ıve consumers with higher unpaid balances. Na¨ıve consumers also follow a sub-optimal balance-matching heuristic when repaying their credit cards, incurring higher costs. Banks incentivize the use of reward cards by offering lower interest rates than on comparable cards without rewards. We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities. [ABSTRACT FROM AUTHOR]

Operational risk is a substantial source of risk for US banks. Improving the performance of operational risk models allows banks' management to make more informed risk decisions by better matching economic capital and risk appetite, and allows regulators to enhance their understanding of banks' operational risk. We show that past operational losses are informative of future losses, even after controlling for a wide range of financial characteristics. We propose that the information provided by past losses results from them capturing hard to quantify factors such as the quality of operational risk controls, the risk culture, and the risk appetite of the bank. [ABSTRACT FROM AUTHOR]

Subnational governments play a significant role in ensuring good public governance. The way that they are organised and function has a direct impact on the economic and social well-being of citizens and public trust in government. This report presents the system of multi-level government in the six Western Balkan economies, comparing them both with one another and in the context of broader international trends in multi-level governance. The report covers territorial and institutional organisation, competences of local governments, human resources and accountability, public financial management and vertical and horizontal co-ordination, in each case identifying key characteristics and recent trends. [ABSTRACT FROM AUTHOR]

The article discusses defense working capital funds (DWCFs), which operate as self-sustaining entities under the US Department of Defense Financial Management Regulation. DWCFs support various essential functions including acquiring parts and supplies, maintaining equipment, and conducting research, offering procurement advantages such as fiscal year flexibility and order aggregation while ensuring continuous delivery of goods.

The article discusses about The Coast Guard's polar icebreakers are essential for a range of missions beyond icebreaking, including scientific research, sovereignty defense, monitoring sea traffic, and conducting typical Coast Guard missions in both the Arctic and Antarctic regions. Also topic include the U.S. Coast Guard's icebreaker acquisition programs, including the Polar Security Cutter (PSC) program for acquiring heavy polar icebreakers.

An overlapping-generations model with income heterogeneity is developed to analyze the impact of introducing a Central Bank Digital Currency (CBDC) on financial inclusion, and its potential adverse effect on bank funding. We highlight the role of two design parameters: the fixed cost of CBDC usage and the interest rate it pays, and derive principles for maximum inclusion and for mitigating the inclusion-intermediation trade-off. Agents' choice of money instrument is endogenously driven by income heterogeneity. Pre-CBDC, wealthier agents adopt deposits, while poorer agents adopt cash and remain unbanked. CBDCs with low fixed costs (and low interest rates) are adopted by cash holders and directly increase inclusion. CBDCs with high fixed costs (and high interest rates) are adopted by deposit holders and increase inclusion by raising deposit rates. The former allows for more favorable inclusion-intermediation trade-offs. We calibrate the model to match the US income distribution and aggregate share of unbanked households. A CBDC 50% cheaper (30% more expensive) than bank deposits decreases financial exclusion by 93% (71%) without impacting intermediation. In comparison, making the deposit market perfectly competitive would only decrease exclusion by 45%. [ABSTRACT FROM AUTHOR]

This paper considers the credit response of individuals after the implementation of new work requirements for Supplemental Nutrition Assistance (SNAP) benefits using a large nationally representative sample of credit records. It does so by exploiting county-level variation in the implementation of work requirements after the Great Recession in a difference-in-differences design. We find that the implementation of new SNAP work requirements leads more people to seek out new credit and leads to an increase in credit account openings. New work requirements also result in an increase in total outstanding balances on bank and retail card accounts and increase the number of borrowers that are past due on these accounts. These findings suggest that some individuals are turning to credit and debt products to cover expenses after losing eligibility for SNAP benefits. [ABSTRACT FROM AUTHOR]

Recently, the experience of the 1960s--when the U.S. inflation rate rose rapidly and persistently over a comparatively short period--has been invoked as a cautionary tale for the present. An analysis of this period indicates that the inflation regime that prevailed in the 1960s was different in several key regards from the one that prevailed on the eve of the pandemic. Hence, there are few useable lessons to be drawn from this experience, save that monetary policymaking remains a difficult undertaking. [ABSTRACT FROM AUTHOR]

The standard model of permanent and transitory income is known to be misspecified. Estimates of income volatility in the model differ depending on the type of data moments used--levels or differences-and how these moments are weighted in the estimation. We propose two changes to the standard model. First, we account for the time-aggregated nature of observed income data. Second, we allow transitory shocks to persist for varying lengths of time. With only one additional parameter, our proposed model consistently recover the parameters of the income process irrespective of the estimation method. To the extent that researchers employ the standard model, we advise special caution with the use of first-difference moments. [ABSTRACT FROM AUTHOR]

This paper studies the effects of a unique multi-day cyberattack on a technology service provider (TSP). Using several confidential daily datasets, we identify and quantify first-and second-round effects of the event. For banks using relevant services of the TSP, the attack impaired their ability to send payments over Fedwire, even though the Federal Reserve extended the time they had to submit payments. This impairment (first-round effect) caused other banks to receive fewer payments (second-round effect), leaving them at risk of having too few reserves to send their own payments (a potential third-round effect). These innocent-bystander banks responded differently depending on their size and reserve holdings. Those with sufficient reserves drew down their reserves. Of the others, smaller banks borrowed from the discount window, while larger banks borrowed in the federal funds market. These significant adjustments to operations and funding prevented the second-round effect from spilling over into third-round effect and broader financial instability. These findings highlight the important role for bank contingency planning, liquidity buffers, and the Federal Reserve in supporting the financial system's recovery from a cyberattack. [ABSTRACT FROM AUTHOR]

Credit default swaps (CDS) are the most common type of credit derivative. This paper provides a brief history of the CDS market and discusses its main characteristics. After describing the basic mechanics of a CDS, I present a simple valuation framework that focuses on the relationship between conditions in the cash and CDS markets as well as an approach to mark to market existing CDS positions. The discussion highlights how the 2008 global financial crisis helped shape current practices and conventions in the CDS market, including the widespread adoption of standardized coupons and upfront premiums and the increased reliance on centralized counterparties. I also address CDS indexes--focusing on their growing role as key indicators of investors' attitudes toward credit risk--and briefly examine their behavior during periods of acute financial or economic dislocations, including those associated with the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

The use of stress testing for macroprudential objectives is advanced by modeling spillovers within the financial sector or between the real and financial sectors. In this chapter, we discuss several macroprudential elements that capture these spillovers and how they might be added to stress test frameworks. We show how funding spillovers can be modeled as an add-on, using a reduced-form relation between banks' funding cost, bank capital and economic activity. Using a calibration to US data, we project very modest funding spillovers conditional on the DFAST 2018 severely adverse scenario. We describe the pros and cons of modeling different types of spillovers using this approach. [ABSTRACT FROM AUTHOR]

We study the reform of China's state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first document the empirical patterns of the "grasp the large and let go of the small" policy. To quantify the implications of the reform for aggregate output and TFP, we build a three-sector firm dynamics model featuring financial frictions and endogenous firm-type choices. Our calibrated model shows that the SOE reform can increase long-run TFP by encouraging the exit of the least efficient firms in the state sector, but the magnitude of TFP growth also depends on the efficiency in capital reallocation. In the short run, corporatization increases aggregate output and TFP because it allows the most productive SOEs to have a higher borrowing capacity than they would under privatization. [ABSTRACT FROM AUTHOR]

Pursuant to Regulation 30 of the SEBI LODR Regulations, Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on August 19,2024 has approved the allotment of Secured, Non- Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCD) of face value of Rs.1,00,000 each for an amount of Rs. 4,50,00,00,000/- on private placement basis to be Listed on BSE. Details of the issue is given in Annexure A.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

The Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on August 8, 2024, has approved the same [ABSTRACT FROM AUTHOR]

Pursuant to Regulation 30 of the SEBI LODR Regulations, Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of the Company will be meeting on Thursday, August 8, 2024, to consider the issue of Non – Convertible Debentures.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

Invesco Mutual Fund has announced the appointment of Jesse Vishwanathan as Senior Manager, Credit Analyst - Fixed Income of Invesco Asset Management India. Jesse Vishwanathan has a Bachelor of Engineering and an MBA in Financial Management, and has over 3 years of experience in credit research and ratings. Prior to joining Invesco, he worked at CRISIL and ICRA. This change in personnel will be reflected in the Statement of Additional Information of Invesco Mutual Fund. [Extracted from the article]

The article discusses the process of U.S. Department of Defense (DOD) Planning, Programming, Budgeting, and Execution (PPBE) system for allocating resources among the military departments, defense agencies, and other components. The process serves as a framework for DOD civilian and military leaders to decide which programs to fund based on strategic objectives and produces the department's portion of the President's annual budget request.

The decline of the US manufacturing share since 1960 has occurred disproportionately during recessions. Using evidence from two natural experiments-the collapse of Lehman Brothers in 2008 and US interstate banking deregulation in the 1980s-I document a role for credit reallocation in explaining this phenomenon by showing that losing access to credit disproportionately hurt manufacturing firms, and that the creation of new credit disproportionately benefited nonmanufacturing firms. These results arise endogenously from a model with technology-driven structural change and fixed costs of establishing new financial relationships. The model suggests an important role for long-run industry trajectories in properly accounting for the costs and benefits of policy interventions in credit markets. [ABSTRACT FROM AUTHOR]

The past four years have been chaotic for US agriculture. Trade wars, initiated by the Donald Trump administration in 2017, and the 2020 COVID-19 pandemic have led to volatile domestic and international market conditions and considerable uncertainty about future prices and farm businesses' financial situations. In response to lower prices resulting from lost access to international markets and, on a shorter-term basis, pandemic-related supply chain disruptions, the Trump administration responded by sending unprecedented amounts of ad hoc disaster relief aid to farmers through two Market Facilitation Programs and the Coronavirus Food Assistance Program. However, the United States may well be on the cusp of major changes in agricultural policy, given the Joe Biden administration's priorities, an upcoming farm bill (2023), and major changes in the leadership of key congressional committees, the United States Department of Agriculture, and the Environmental Protection Agency. Despite the pandemic and market disruptions caused by trade disputes between the US and other countries, perhaps paradoxically the US farm sector is currently in a strong financial position compared to the rest of the economy and enjoys the prospect of higher commodity prices in 2021. Adjusting for inflation, farm income measures are well above their long-run average levels, mainly because of exceptionally large ad hoc government payments farmers received in 2020, although even without those payments farm incomes would be at about their long-run average levels. Before 2018, ad hoc farm subsidy payments were modest, averaging about $2 billion a year between 2010 and 2017. They increased to about $6 billion in 2018, $15.6 billion in 2019, and then catapulted to $35 billion in 2020. As a result, overall annual government spending on farm subsidies in 2019 and 2020 averaged $41 billion, including a record $52 billion in 2020, more than triple annual average government spending of less than $15 billion from 2014 to 2018. In 2020, government payments were anticipated to account for 39 percent of all net farm income, higher than any of the previous 20 years. At the same time, farm solvency measures and bankruptcies are well below the levels they were at during the farm financial crisis in the mid-1980s. In 2018, the most recent year for which data on financial stress conditions are available, the percentage of US farms and ranches facing severe financial stress was at about 2.8 percent. Given that financial stress is closely related to farm income, that proportion was almost certainly lower at the end of 2020, indicating that remarkably few farms are currently dealing with severe financial stress. Not all subsectors of the US agricultural economy are in the same financial situation, although financial stress rates are lower than in the rest of the economy, even among those subsectors. In 2018, the proportion of farms experiencing severe financial stress was higher among farms specializing in the production of milk (7.9 percent), cotton (6.3 percent), and corn and soybeans (4.2 percent). In these groups, crop farmers with close to medium revenues from farm sales were more likely to face higher levels of financial stress. Among all crop producers, the largest 10 percent of crop farmers experienced financial stress at much lower rates. Among livestock farms and ranches, larger operations were more likely to experience higher levels of financial stress, but among livestock operations, the overall rate of financial stress (about 1.7 percent), was low. The current health of the farm sector suggests there is little need for additional support through ad hoc and other supplementary government subsidy programs. Over the past 20 years, except for 2019 and 2020, farm businesses have received an annual average of about $16 billion taxpayer-funded payments under a wide range of programs. Most of these subsidies have been authorized through successive farm bills. Outlays under some of those programs have been relatively stable, including payments made under direct, price, and income support initiatives and conservation programs. Under other programs, such as federal crop insurance, net payments are more volatile because they are generally triggered by unpredictable severe weather conditions. Nevertheless, the surge in total government farm subsidies between 2018 and 2020 was almost solely because of the extraordinarily large trade war and pandemic ad hoc compensation programs. The Biden administration will inherit the current suite of policies authorized by the 2018 Farm Bill that likely will not be modified until a new farm bill is authorized in 2023. Implementing major changes in agricultural policies is complicated by many factors, including existing trade arrangements, current production practices, supply chains, and the considerable influence of political interest groups, such as the American Farm Bureau Federation and the Environmental Defense Fund, that often lead to support for larger farm subsidies. Nevertheless, while political considerations will remain a powerful driving force for many current and future agricultural policy initiatives, fundamental economic concerns should play a key role in evaluating proposals for new programs and changes to current policies. To that end, future policies should focus on (1) moving toward more efficient markets, (2) complying with current trade obligations and expanding access to overseas markets, (3) optimally providing public goods such as research and development (R&D), and (4) addressing negative externalities such as emissions of toxic chemicals, greenhouse gases, and soil erosion. The Biden administration has already identified three key areas of emphasis for agricultural policy: (1) responding to climate change, (2) investing in R&D, and (3) increasing trade liberalization. It is unlikely that major changes to market-distorting farm income payments (e.g., crop insurance premium subsidies) will be implemented before or even in the 2023 Farm Bill. However, proposed increases in public investments in agricultural R&D, an increased emphasis on conservation programs, a return to liberalizing international trade, and increased access to overseas markets could help transition the farm economy away from its current reliance on ad hoc disaster aid to a more market-oriented industry., The United States is on the cusp of major changes in the political and economic environment in which, over the next four years, Congress and the Joe Biden administration will [...]

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/27/2019 dated 08th February 2019, Olympic Management & Financial Services has informed that it enclosed Annual Secretarial Compliance Report (Revised Format as prescribed by the ICSI on 23rd May 2023) of the Company for the year ended 31st March 2024 issued by Secretarial Audit Firm, Manthan Negandhi & Co. Practising Company Secretaries.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

JioFinance app will cater to users of all levels of familiarity with financial technology, ensuring effortless money management on finger-tips [ABSTRACT FROM AUTHOR]

Financial resources and management committee of the Board of Directors of the company, at its meeting held on April 19, 2024, has approved the same [ABSTRACT FROM AUTHOR]

Financial resources and management committee of the Board of Directors of the company, at its meeting held on April 19, 2024, has approved the same [ABSTRACT FROM AUTHOR]

Olympic Management & Financial Services has informed that it enclosed statement of investor Complaints of the Company pursuant to Regulation 13(3) of SEB] (LODR) Regulations, 2015 for the quarter and year ended March 31, 2024. Further, the company has enclosed a copy of certificate received from Link Intime India - Registrar and Share Transfer Agent of the Company on Investors Complaints for the quarter ended March 31, 2024.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of Manappuram Finance Limited at its meeting held on April 19, 2024, has approved the issuance of $500,000,000, in one or more tranches, by way of external commercial borrowings in the form of US Dollar bonds and/ or any other form as per the applicable guidelines issued by the Reserve Bank of India.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

A meeting of the Financial Resources and Management Committee of the board of directors of the company will be held on April 19, 2024 to consider the same [ABSTRACT FROM AUTHOR]

A meeting of the Financial Resources and Management Committee of the board of directors of the company will be held on April 19, 2024 to consider the same [ABSTRACT FROM AUTHOR]

The article focuses on financial literacy and financial education policy issues and consumer financial markets more competitive and efficient. It mentions financial literacy is correlated with good credit management and planning for retirement, and higher wealth accumulation. It also mentions need of improving consumers' financial literacy is difficult, and the impact of financial education programs on financial literacy.

The firm's portfolio includes UK-based healthy snacks brand Purely Plantain Chips and protein powder and snack bar makers Pulsin, both acquired in 2021. Keywords: Bakery and Cereal; Health & Wellness; Savoury Snacks; Shelf-stable; News EN Bakery and Cereal Health & Wellness Savoury Snacks Shelf-stable News N.PAG N.PAG 1 10/24/23 20231019 NES 231019 UK-listed food investment vehicle S-Ventures has started a new fundraising process. [Extracted from the article]

Manappuram Finance has informed that Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on February 23 ,2024, has approved the issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures of face value of Rs 1,00,000 for an aggregate amount of Rs.600,00,00,000 on private placement basis.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

Financial Resources and Management Committee of the Board of Directors of the company at its meeting held on February 23, 2024, approved the same [ABSTRACT FROM AUTHOR]

Add-Shop E-Retail has informed that it attached copies of the letter of the company for brief about third quarter (31st December 2023) Financial Results and Management Commentary.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

Olympic Management & Financial Services has informed that the Board of Directors has approved the appointment of Anis Taher Attar as Whole time Company Secretary, KMP and Compliance Officer of the Company.The above information is a part of company's filings submitted to BSE. [Extracted from the article]

Industry News Visa - Visa Completes Acquisition of Tink - 10/03/22 Visa (NYSE: V) announced it has completed its acquisition of Tink, an open banking platform that enables financial institutions, [...]

Industry News Yahoo - JPMorgan to Hire Hundreds more Staff for UK Digital Bank - 14/11/21 JPMorgan is to ramp up recruitment for its new UK digital bank, outling plans [...]