Day: March 8, 2020

Yes Bank crisis: Indiabulls Housing says bank owes it Rs 662 cr in bonds


Indiabulls Housing Finance on Sunday said Yes Bank owes Rs 662 crore in the form of bonds to the company and it has no term loans outstanding from the lender.


“We wish to inform that Yes Bank owes to Indiabulls Housing Finance Rs 662 crore via additional tier 1 (AT-1) bonds,” it said in a regulatory filing.



The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value,

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Kavango Resources PLC’s new foray into the Kalahari copper belt won’t distract it from upside at KSZ

It’s an exciting addition to the () portfolio: a joint venture on two copper exploration licences just a few kilometres away from the ground famously worked up by MOD, Metal Tiger () and Sandfire ().

The formal joint venture was signed in mid-February following an initial memorandum of understanding that was agreed in September of 2019. But it’s not likely to end there.

“We’re in the process of putting together quite a substantial land package in that area,” says Kavango’s chief executive Mike Foster.

“We have plans to extend our ground holding further.”

Partly that’s because of the huge prospectivity

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Cyber Incident Could Trigger EU Liquidity Crisis

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Central banks need to “reflect on the challenges to their traditional tools and emergency plans”

Europe’s systemic risk watchdog has warned that a single cyber incident could escalate from operational disruption into a major liquidity crisis across Europe.

The European Systemic Risk Board (ESRB) oversees banks, insurers, asset managers, financial market infrastructures and other financial institutions.

A cyber incident could “create disruption on such a scale that it has the potential to have serious negative consequences for the internal market and the real economy,” the ESRB warned, in a report that gamed both malicious and accidental incidents.

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8 Tech Trends of 2020 That Every Digital Leader Should Embrace

Over seven years ago, Mark Andreessen, a famous American entrepreneur, investor, and software engineer proclaimed that: “We are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy.” While this prediction turned out to be one of the most accurate ones for the last 10 years, the current state of business technology is affecting this vision drastically.

In 2020, digital leaders will need to shift their strategies to serve rapidly changing customer preferences and enhance operational efficiency. Changes and innovations need to be implemented

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MIT Creates Curved Breadboards that Speed Up Electronic Development

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“This is for when you have an idea of the final object”

MIT researchers have created a software design kit that can be used to speed up the development of prototype electronics. The software creates curved breadboards that have pinholes and connections automatically mapped out.

Traditional breadboards are rectangular circuitry construction templates that are used to build prototype electronics. However, with the advent of wearable smart technology that is curved or oddly shaped, rectangular breadboards are often not fit for purpose as they don’t probably map how pinholes and connections would lie on shaped objects.

The curved

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