• Wed, December 11, 2024

by: The Royal Gazette

Bank declines loan repayment amid 'concerns over source'

An attempt by a company run by a government MP to pay off part of an outstanding $14.49 million loan was refused because a Bermudian bank had "concerns over the source of funds", a court document

by: Business Line

Trial in 28% PMLA cases pending in courts

by: Sacramento Bee

Clear Start Tax Shows How $32,000 IRS Debt Was Settled Down to Only $100 Through This Government Program

With Ken's $32,000 IRS tax debt reduced to just $100, Clear Start Tax underscores its commitment to empowering clients with effective, results-driven solutions that restore financial freedom and peace of mind.

by: KITV

Macy's provides more details about that employee who hid more than $150 million worth of expenses

Macy's said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a

by: The Victoria Advocate

Tis the season for tax savings

With the holidays right around the corner and the year winding down, it's easy to get caught up in holiday shopping, get-togethers, and last-minute plans. Many taxpayers also find themselves

by: The New Indian Express

Shriram Finance concludes sale of housing loan arm

Shriram Finance, the flagship company of the Shriram group, on Wednesday announced the completion of the sale of its entire stake (84.44% of the shar

by: AOL

NFL allows Miami Dolphins and Buffalo Bills to add private equity owners

In a first for the National Football League, two private equity firms, Ares Management and Arctos Partners, have clinched separate deals to buy minority stakes in two franchises. Ares is investing in the Miami Dolphins while Arctos Partners is taking a chunk of the Buffalo Bills.

by: Mint

Tata Trusts continues to oppose transfer of Tata Sons shares owned by SP Group

The chief executive of Tata Trusts told Mint in an email response to a questionnaire sent on Tuesday that Tata Sons' shares cannot be used as collateral for fresh loans by the SP Group.

by: The Hindu

Startup Success Secrets: Explore the Top Benefits of Current Accounts!

Fuel your startup's success with the right current account - streamline transactions, manage cash flow, and boost credibility effectively.

by: Yahoo Finance

Better Artificial Intelligence Stock: Palantir vs. Nvidia

Shares of both Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) have delivered stunning gains this year thanks to the growing demand for both artificial intelligence (AI) hardware and software,

by: Bloomberg L.P.

MicroStrategy's Bitcoin Play Raises Questions About Nasdaq 100 Inclusion

Michael Saylor's MicroStrategy Inc. checks all the boxes for inclusion in the Nasdaq 100 Index, a development that would trigger purchases of the shares by the $451 billion worth of exchange-traded funds around the world that directly track the benchmark.

by: The Royal Gazette

Fortitude Re's operating subsidiaries achieve Moody's A3 rating

Fortitude Reinsurance Company Ltd has announced that Moody's Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re's three main operating companies: Fortitude Reinsurance Co

by: Business Line

ED's conviction rate is less than 5% in money laundering cases

by: Business Line

UGRO Capital receives patent for its proprietary credit scoring model

  • Thu, December 12, 2024

by: The Age

Lord Mayor Nick Reece's almost $1m campaign war chest revealed

Lord Mayor Nick Reece amassed $950,484 for his lord mayoral campaign - three times the amount raised by his predecessor Sally Capp for her final campaign - from a who's who of Melbourne, including wealthy business people, trade unions and developers.

by: Daily Mail

Major national retailer with 850 stores mulls bankruptcy - prompting fears of mass closures

A popular retailer with 850 stores nationwide is considering filing for bankruptcy, sparking fear of mass closures across the county.

by: Gizmodo

Why Crypto Bros Are So Obsessed with 'Debanking'

Remember the crypto thing [where] everyone got excited [about] NFTs and all that stuff, and then it just stopped?" Andreessen asked Rogan. "The reason it stopped is because basically every crypto founder,

by: The Fresno Bee

Ex-congressman TJ Cox will plead guilty to federal fraud charges, his attorney says

Former Fresno-area Congressman TJ Cox will plead guilty to two counts of fraud related to the 26 federal criminal charges he has faced since 2022, his attorney said in Wednesday. Cox did not speak in the courtroom or to members of the media, nor did he officially change his plea in the Robert E. Coyle Federal Courthouse in Fresno on Wednesday.

by: Sydney Morning Herald

ASX set to rise as Wall Street gets inflation bump

US stock indexes are rising after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.

by: Buffalo News

Hamburg IDA opposes town's proposed multifamily development moratorium

Members of the Hamburg Industrial Development Agency on Wednesday unanimously backed a resolution opposing a proposed six-month moratorium by the Town Board on new multifamily housing development.

by: Bloomberg L.P.

Commerzbank to Assign More Employees to Branches in Revamp

Commerzbank AG is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious new targets.

by: https//businessofhome.com

6 strategies to make 2025 your most successful year yet

This is the perfect time of year to be thinking about 2025. In the interest of hoping for the best but preparing for the worst, I'm reviewing some of my

by: 9NEWS

Someone withdrew $420 from her account, but the bank refused to call it fraud

Steve On Your Side found holes in a bank's investigation of a woman's $420 fraud claim. Here's what you should do if your bank denies you.

by: The Hindu

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday (December 11, 2024).

by: Cyprus Mail

Cyprus Business Now: tax agreement, reputation campaign, housing loan subsidy

The Cypriot government on Wednesday provided an update on its strategic campaign to improve the country's reputation on the global stage. This effort is being spearheaded by Invest Cyprus and the presidency of the Republic of Cyprus,

by: Beef Central

Nigel Kerin's 2024 trade: Using forward contracts and swaps on thousands of heifers

A prominent NSW cattle trader says buying and selling heifers in 2024 has created a bigger margin than in the boom years of 2021-22 - after he purchased 4500 head earlier this year. This is the first of a short series of case studies on interesting and creative cattle trades during the past 12

by: The Rolla Daily News

Business Finance Brokers vs. Banks: Which Option Is Best for Your Business?

Whether you're looking to expand operations, invest in new equipment, or manage cash flow, choosing the right funding source is crucial. While traditional banks have long been the go-to option for business loans,

by: India TV

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour's plans to modernise social security in India.

by: Business Standard

Harish Shekar to take over as CFO of Siemens Energy Business from Jan 1

Siemens Ltd on Thursday announced the appointment of Harish Shekar as Chief Financial Officer of the company's energy business with effect from January 1, 2025.

by: The Daily Star

ADB gives $100 million loan for Bangladesh infrastructure finance fund

The interim government has signed a $100 million loan agreement with the Asian Development Bank (ADB) to strengthen the Bangladesh Infrastructure Finance Fund Limited Project.

by: businesstech.co.za

Trouble brewing at SA's borders, and big step forward for rail in Cape Town

Here's what is happening in and affecting South Africa today:

by: NOLA.com

New Orleans makes moves to demolish Plaza Tower, the city's 'most wanted' eyesore

"If there was, like, an FBI Most Wanted list of blighted structures in the city of New Orleans, this would be number one."

by: Business Line

Mahindra Susten's Martial Solen secures ?1,448 crore loan

by: The Hindu

J&K CM Omar Abdullah sets up interface with Jammu's civil society

Jammu and Kashmir Chief Minister Omar Abdullah adopts bottom-up governance approach, meets civil society members, promises action on issues.

by: Business Today

'Entirely incorrect': PM's advisor Shamika Ravi says never received money directly from George Soros

Shamika Ravi said that the George Soros' foundation funded Indian School of Business (ISB) when she was an assistant professor but no money came directly to any faculty member.

by: Seeking Alpha

Nike Vs. Adidas: Which Will Put A Spring In Your Step?

Nike, despite its brand dominance, has seen a 27% loss YTD, while Adidas has delivered a 24% gain, post-Yeezy settlement. Explore more details here.

by: Arabian Business

Apple integrates ChatGPT feature in its new iOS and iPadOS updates

Apple is enabling ChatGPT access in Siri and Writing Tools experiences, allowing users to benefit from its expertise, as well as its image and document comprehension capabilities. Image: Apple Apple released iOS 18.2, iPadOS 18.2, and macOS Sequoia 15.2 on ...

by: Business Standard

Bajaj Housing Finance shares decline 6% as 3-month anchor lock-in ends

An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)

by: Seeking Alpha

Zeta Global: A Value Play Post Omnicom-Interpublic Merger

Zeta Global's recent selloff on the Omnicom-Interpublic merger was an overreaction. Click here to find out why I'm reiterating my buy rating on ZETA stock.

by: Business Standard

Inventurus Knowledge Solutions IPO opens today: GMP up 32%; Should you bid?

IPO, comprising an entirely offer for sale (OFS) of 18,795,510 equity shares, is available at a price band of Rs 1,265-Rs 1,329 per share

by: Seeking Alpha

SWBI: Time To Double Down On Guns

Smith & Wesson Brands' strong dividend and share buybacks support long-term growth. See why SWBI stock remains a Strong Buy despite recent earnings setbacks.

by: Seeking Alpha

Townsquare Media: Still A Buy For Yield, Value, And Growth

Townsquare Media (TSQ) has traded sideways in recent months, and the digital media and radio broadcasting company recently released mixed fiscal results.

by: Reuters

AI a productivity boost to banks but making money from it is a challenge

Artificial intelligence is expected to show big gains in productivity at banks, panelists said at the Reuters Next conference in New York, but it has so far been harder to make money from the technology.

by: Seeking Alpha

TeraWulf: Sound Strategy But High Valuation

TeraWulf has made strategic moves, including selling its Nautilus stake and ending a lease early. Read why I remain neutral on WULF stock.

by: MSN

Lonza to exit capsules and health ingredients business, focus on contract development

Swiss contract drug manufacturer Lonza announced on Thursday it plans to exit the capsules and health ingredients business. The Basel-based group will focus on its contract development and manufacturing organization (CDMO) business,

by: MSN

ICAI launches research centre in Hyderabad focusing on taxation and governance

ICAI has launched a research hub at its Hyderabad Centre of Excellence to drive studies on taxation, governance, and economic trends. Led by Dr Nupur Pavan Bang, the initiative aims to bolster innovation and policy insights.

by: MSN

San Bernardino's "Paintbrush Program" seeks to beautify storefronts and develop small business

Businesses can earn either $10k or $20k to improve their businesses' exterior appearance thanks to the "Paintbrush Program."

by: MSN

5 signs you're investing too much money, even when the stock market soars

Financial advisors say signs you're investing too much in the stock market include regular withdrawals from your brokerage account and an inability to pay down high-interest debt.

UGRO Capital receives patent for its proprietary credit scoring model

UGRO Capital receives patent for GRO Score credit scoring model, leveraging alternate data for MSME lending growth.
UGRO Capital, a tech-driven NBFC focused on small businesses, has been granted a patent for its proprietary credit scoring model named GRO Score 2.0. This model integrates data from over 250 variables including GST, banking, and bureau data to assess the creditworthiness of small businesses, aiming to reduce the risk of loan defaults. The patent, granted by the Indian Patent Office, covers the method and system for evaluating creditworthiness, marking UGRO as the first NBFC in India to receive such a patent for a credit scoring model. This development is expected to enhance UGRO's ability to offer tailored financial solutions to small businesses, thereby fostering financial inclusion and supporting economic growth.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/money-and-banking/ugro-capital-receives-patent-for-its-proprietary-credit-scoring-model/article68972969.ece

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