Business Wire IndiaBondsIndia is a new age fintech start-up that aims to digitise and democratize the Indian bond markets. Started in early 2020, BondsIndia is the country’s first online fixed-income portal whose primary focus remains to simplify the bond markets for retail investors by educating and advising them at each step.
In line with Prime Minister Narendra Modi’s Digital India mission, BondsIndia provides a reliable online platform that makes bond markets accessible to the retail participants at a competitive and transparent pricing. BondsIndia is the only platform, having tech integration with Indian Clearing Corporation Limited (ICCL) to provide real-time online trade settlement facility. Its end-to-end integrated platform and cutting-edge technology provides real-time market information and investment advisory in the fixed-income markets. BondsIndia.com platform is designed for the new digital India.
Bonds are considered as relatively safer investments, bringing stability to the portfolio and one must consider the fixed-income instruments while diversifying the portfolio as they offer a predictable income stream, paying clients a fixed amount of interest once or twice. In order to provide its users with a vast variety to choose from, as bondsindia is not just limited to corporate bonds, tax-free bonds, 54EC bonds, government bonds, and fixed deposits. Moreover, its dynamic platform brings all the latest updates from the finance industry to plug into.
Carrying a blended experience of over 30 years in the fixed-income markets, along with in-depth knowledge of technology, founders Mr. Ankit Gupta and Mr. Puneet Aggarwal envisioned BondsIndia as a disruptor in the domestic bond markets. They aim at educating and transforming the retail participation in Indian fixed-income markets. BondsIndia empowers the retail investors with transparent information about where the market is heading.
BondsIndia promotes economic development as it works as a medium to channelize the money from retail investors to the companies in need of funds and thereby reducing asset liability mismatch for banks. Thus, creating a win-win situation for both, Indian corporates and investors. It makes portfolio diversification a seamless experience for the investors. BondsIndia is the one-stop destination for fixed-income securities that works from educating the first-time investors to making the trade a hassle-free experience for the experts.
A good investment is like a good friend who someone can rely on at the time of need. BondsIndia helps investor spot that good friend/investment which will earn fixed annuity for investors. It helps users create a secondary income source. With its highly experienced research team, BondsIndia makes the best-in-class analysis available for its users to make a smart and right choice that helps them secure their future. Adding to the love of the friendship, BondsIndia.com does not charge any sign-up or any transaction fee, it is all free on India’s leading bonds investing platform.
BondsIndia noticed certain problems faced by the investors in the market that were also a hindrance for the overall development of the domestic bond markets. In order to understand the pain points of prospective customers in the marketplace, BondsIndia conducted a survey and asked the respondents to fill the questionnaire. Of all the queries which came in, the 6 major problems became a focal point which BondsIndia strives to eliminate. Investors across the markets were facing problems such as:
What to do? This is the issue with the people who are new to the bond markets or possess little knowledge about the bond markets and want to learn everything about it.
Where to go? The group of investors who have little idea about the bond markets but are not aware about where explore bond opportunities
How to invest? This question is posed to those people who do not know how to buy as bond trading used to be a complex process before the arrival of BondsIndia.
Where to buy? This includes the section of investors who know about bonds and how to buy but do not know from where to buy or a reliable platform to buy.
Fair/transparent/correct pricing: Investors who are well aware of where and how to invest but lack a source which could give them real-time prices.
Ease of transaction: As trading in bonds has always been a complex task, experts in the industry were looking for a platform that could ease the long and tedious process.
In a bid to address these concerns that were prevailing in the markets, BondsIndia curated a one-stop destination of fixed income securities, and made it as simple as buying groceries online. The online platform is not only confined with engaging in buying and selling the bonds but also inculcates the sense of awareness to retail investors. With hand-picked curated bonds by their experts, the investment becomes a comfortable experience for every market participant from a newbie to a professional.
First-time investors can learn the intricacies of investment by reading through the bonds knowledge pool, named as ‘Bondspedia’, a bond literacy tool for clients.
BondsIndia thrives to make investments in the fixed-income markets a comfortable experience. An investor can come aboard in just three simple steps. The first step being an easy eKYC which just requires PAN, Aadhar card and bank details. The next step would be to choose a bond. They have over 10,000 bonds in the Bonds directory and they try to provide the investors with as many choices as possible. The filters inbuilt in the portal will help users what they wish to buy as per their requirements and risk appetite. In the third and last step, the user is all set to make an investment through a hassle-free online payment system.
With BondsIndia.com, the procedure of getting knowledge and the art of investing is a flawless procedure. BondsIndia helps users as per their profile, risk taking appetite and the amount of money they want to invest in the numerous fixed-income instruments that are available on India’s finest bond trading platform. Keeping an overall assessment about users profile, BondsIndia suggests them to pick bonds which are handpicked by their experts and research team. The transparent price mechanism and live prices help them to take financial decisions on their own.
BondsIndia’s features like market insights, daily research reports, handpicked deals of the day and newsletter just makes an investor win all the games in the world of bond markets. From the basics of bond markets to expert-level research reports, BondsIndia caters to all the categories of the market.
Through its user-friendly platform, BondsIndia adds value to Indian regulators and the government’s plan to deepen the bond markets for retail investors.
Bondsindia can be followed on their Social media handles including Facebook, Instagram, Twitter and LinkedIn.
Jetcraft Releases 5-year Pre-Owned Market Forecast Exploring New Era for Business Aviation
Business Wire India
Jetcraft, the world leader in business jet sales and acquisitions, is releasing its 5-Year Pre-Owned Business Aviation Market Forecast, introducing an enhanced data-driven methodology recognizing potential market opportunities and incorporating a greater number of global trends.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201005802/en/
Jetcraft’s Owner and Chairman of the Board, Jahid Fazal-Karim (Photo: Business Wire)
Jetcraft’s 2021 Market Forecast predicts pre-owned aircraft transaction volume and value will maintain their current healthy growth rates, reaching 2,647 transactions valued at $12.4B annually by 2025.
Jahid Fazal-Karim, Owner and Chairman of the Board at Jetcraft, says: “Since the pandemic, the true benefits of business aviation have been realized, particularly by new entrants who have had the means to fly privately but never previously the inclination, and we have seen our industry thrive.
“The combination of limited commercial airline services, plus expanding offerings within business aviation, presents the sector with a real opportunity to further broaden its customer base and secure long-term prosperity, and we have highlighted some of these areas in our forecast. We are also predicting the industry will maintain its post-pandemic momentum and expect to see 12,261 pre-owned transactions worth $57.2B in value over the next five years.”
This year’s analysis introduces an updated methodology as well as insights into key drivers reflecting pre-owned market growth, which incorporates global trends data and market opportunities.
Fazal-Karim continues: “Manufacturer backlogs and wait times for new aircraft are rising. This factor, paired with a growing buyer pool, means many will be compelled to turn to pre-owned aircraft to meet their needs.
“Our forecast finds that regional drivers, such as Wealth Levels and Flying Hours, represent the main reasons behind ownership in North America, Asia-Pacific and Europe, and these continents also retain the highest UHNWI populations. So, with the projected growth in wealth converging with increased use in business jet solutions, we expect to see the road to ownership accelerate among many users, which is an exciting prospect.”
Despite record industry demand, Jetcraft expects market values to remain rational. The current market strength is predicted to last until late 2022, with average transaction value set to grow marginally until 2024, partly due to an increase in Large Jet sales which command higher prices. Depreciation rates are expected to return to normal by 2025.
Fazal-Karim concludes: “The evolution of business aviation post-pandemic is a demonstration of the industry’s resilience and growing appeal. I’m especially proud to be sharing our annual industry outlook this year.”
Jetcraft’s complete 2021 5-Year Pre-Owned Business Aviation Market Forecast is available to view at jetcraft.com/market-forecast-2021
Report graphs, high-resolution images and interviews are available on request.
Jetcraft is the leader in international aircraft sales, marketing and ownership strategies, managing and maintaining over 20 regional offices globally. The company’s unparalleled success over nearly 60 years in business aviation has earned it a world-class reputation, along with an exceptional customer base, a wide network of connections and one of the largest inventories within the industry.
For more information, please visit www.jetcraft.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005802/en/
Aurora Accelerates Development of the Aurora Driver with AWS
Business Wire India
Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced that Aurora (NASDAQ: AUR), a leader in self-driving vehicle technology, has selected AWS as its preferred cloud provider for machine learning training and cloud-based simulation workloads. Aurora uses AWS’s proven infrastructure and unparalleled portfolio of capabilities to safely accelerate the development of the Aurora Driver, its scalable self-driving vehicle technology. The Aurora Driver consists of sensors that perceive the world, software that plans a safe path through it, and a computer that powers and integrates Aurora’s hardware and software with any vehicle platform. For its machine learning training and cloud-based simulation workloads, Aurora is all-in on AWS, and it uses the cloud to process trillions of data points each day. Now, the company is scaling its training workloads in the cloud to complete up to 12 million physics-based driving simulations per day by the end of the year, building on the petabytes of data it collects during real-world road tests.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201005041/en/
Autonomous driving is an immensely complex technological challenge that relies heavily on cloud computing to enable breakthroughs in perception, embedded computing, machine learning, motion planning, decision making, and advanced sensor technologies. With AWS’s capabilities in high-performance computing, machine learning, storage, and security, Aurora optimizes and scales its virtual testing efforts to expand the capabilities of the Aurora Driver safely and quickly.
“Aurora’s advanced machine learning and simulation at scale are foundational to developing our technology safely and quickly, and AWS delivers the high performance we need to maintain our progress,” said Chris Urmson, CEO of Aurora. “With its virtually unlimited scale, AWS supports millions of virtual tests to validate the capabilities of the Aurora Driver so that it can safely navigate the countless edge cases of real-world driving.”
Aurora’s AWS-powered Virtual Testing Suite is a unique accelerator for the development of the Aurora Driver. Aurora can use data from just one testing situation it observes in the real world to inspire hundreds of permutations in the Virtual Testing Suite. That virtual testing helps train the Aurora Driver to more quickly and safely navigate complex situations, such as road construction, jaywalkers, and unprotected left-hand turns. For example, before the Aurora Driver ever attempted an unprotected left-hand turn on a physical road, it completed nearly 2.3 million turns in simulation—estimated to be roughly equal to 20,000 hours of real-world driving practice. Aurora has been running simulations at scale on AWS since 2019, and plans to triple the volume of simulations it runs on AWS to more than 12 million per day by the end of 2021.
The offline components of the Aurora Driver software stack all run on AWS, including the Virtual Testing Suite, high-definition road maps (the Aurora “Atlas”), machine learning models, and software development tools. For example, Aurora uses Amazon SageMaker (an AWS service that helps developers and data scientists build, train, and deploy machine learning models quickly) to create, run, and continuously refine the machine learning models that enable its driving simulations. With that service, Aurora accesses Amazon Elastic Compute Cloud (Amazon EC2) instance types like P4d, which deliver the highest performance for machine learning training in the cloud.
Before developing simulations, Aurora uses AWS to securely store and process the petabytes of data it logs during real-world testing, and then train its machine learning models on that data. The pre-processing workloads run on Amazon Elastic Kubernetes Service (Amazon EKS) and Amazon EMR, AWS’s service for processing vast amounts of data in the cloud using open-source tools. Aurora’s machine learning training workloads then rely on AWS-optimized deep learning frameworks, such as TensorFlow and PyTorch. Finally, Aurora orchestrates and auto-scales its simulation workflows over hundreds of thousands of concurrent vCPUs and thousands of concurrent GPUs with Amazon EKS and Amazon EC2, which provides accelerated computing instance types like G4dn.
“AWS’s highly scalable compute, machine learning, and analytics services are helping Aurora move self-driving vehicle technology forward, toward broad real-world use,” said Swami Sivasubramanian, Vice President of Machine Learning at Amazon Web Services, Inc. “Our reliable infrastructure and comprehensive set of cloud services, including industry-leading machine learning services like Amazon SageMaker, provide the ideal foundation for Aurora to gain insights from the trillions of data points it generates every day to continuously enhance its technology. We are proud to support the acceleration of autonomous vehicle innovation, and look forward to the improved safety and efficiency the transformation of trucking, delivery, and mobility will allow.”
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 81 Availability Zones within 25 geographic regions, with announced plans for 27 more Availability Zones and nine more AWS Regions in Australia, Canada, India, Indonesia, Israel, New Zealand, Spain, Switzerland, and the United Arab Emirates. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
Founded in 2017 by experts in the self-driving industry, Aurora is on a mission to deliver the benefits of self-driving technology safely, quickly, and broadly. To move both people and goods, the company is building the Aurora Driver, a platform that brings together software, hardware and data services to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Sequoia Capital, Baillie Gifford, funds and accounts advised by T. Rowe Price Associates, among others, and is partnered with industry leaders including Toyota, Uber, Volvo, and PACCAR. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI. To learn more, visit www.aurora.tech.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005041/en/
Square, Inc. Changes Name to Block
Business Wire India
Square, Inc. (NYSE: SQ) announced today that it is changing its name to Block. Block will be the name for the company as a corporate entity. The Square name has become synonymous with the company’s Seller business, which provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers, and this move allows the Seller business to own the Square brand it was built for.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201006139/en/
Block logo in white
The change to Block acknowledges the company’s growth. Since its start in 2009, the company has added Cash App, TIDAL, and TBD54566975 as businesses, and the name change creates room for further growth. Block is an overarching ecosystem of many businesses united by their purpose of economic empowerment, and serves many people—individuals, artists, fans, developers, and sellers.
“We built the Square brand for our Seller business, which is where it belongs,” said Jack Dorsey, cofounder and CEO of Block. “Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy.”
The name change to Block distinguishes the corporate entity from its businesses, or building blocks. There will be no organizational changes, and Square, Cash App, TIDAL, and TBD54566975 will continue to maintain their respective brands. A foundational workforce, which includes teams such as Counsel, People, and Finance, will continue to help guide the ecosystem at the corporate level. As a result of the name change, Square Crypto, a separate initiative of the company dedicated to advancing Bitcoin, will change its name to Spiral.
The name has many associated meanings for the company — building blocks, neighborhood blocks and their local businesses, communities coming together at block parties full of music, a blockchain, a section of code, and obstacles to overcome.
Square, Inc. is referred to as “Block” in this press release. The legal name “Square, Inc.” is expected to be legally changed to “Block, Inc.” on or about December 10, 2021, upon satisfying all applicable legal requirements. The company’s NYSE ticker symbol “SQ” will not change at this time. Any changes in the future will be publicly disclosed. No action is needed from current stockholders. The Company’s Class A common stock will continue to be listed on NYSE and the CUSIP will not be changing.
For more information, please visit www.block.xyz or follow company news via Twitter @blocks and @blockIR. For media assets, go to www.block.xyz/mediakit. We intend to use the Block investor relations website as well as the Twitter accounts @blocks and @blockIR as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.
Block (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD54566975, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD54566975 is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201006139/en/
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