3 appointing a new director in a private limited company
We have an active pipeline of companies in India for investments, acquisitions: Francisco D'Souza, co-founder, Recognize fund
January 14, 2022 by www.moneycontrol.com
Former Cognizant CEO Francisco D'Souza's private equity fund, Recognize, which he co-founded with industry veterans such as Raj Mehta, Charles Phillips, and David Wasserman, has raised $1.3 billion for its inaugural fund . The fund brings together investors and operators, with a singular focus on technology services, which D'Souza believes is in a sweet spot right now. It has invested in three companies so far- Ciklum, a cloud-native, digital engineering firm; SpringML, which is focused on Data, AI/ML, and Torc, which is developing a virtual talent platform for software engineers and also has ambitious plans for the India market. D'Souza co-founded Nasdaq-listed Cognizant in 1994 and served as its CEO from January 2007 through March 2019. He was elected to Cognizant's Board of Directors in January 2007 and served as Vice Chairman of the board from 2018 until 2020. During his term as CEO, Cognizant consistently grew faster than its peers such as TCS, Infosys, and Wipro, … [Read more...] about We have an active pipeline of companies in India for investments, acquisitions: Francisco D'Souza, co-founder, Recognize fund
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The Most Romantic New York City Valentine's Day Staycations
Share to Twitter Share to Linkedin With the pandemic still looming across the globe, many couples are feeling like they've overdosed on the "cocooning" at home. If you live in the New York City metropolitan area, Valentine's Day offers a perfect escape: an opportunity to be pampered, relax, and express your love in a sybaritic setting without the hassle of taking a plane to get there. If you stay an extra day or two, you can enjoy nearby museums, entertainment, shopping, and other attractions. The hospitality industry has had a rough time, too, so hotel workers are especially eager to welcome guests with a smile (behind their masks) and to go the extra mile to make sure they feel safe. Here are some pretty spectacular Valentine's Day packages with a high likelihood of either rekindling romance or jumpstarting a new relationship. These offerings are only a sample of the many available at different price points throughout the city. Baccarat Hotel New York … [Read more...] about The Most Romantic New York City Valentine's Day Staycations
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From Nambiti To Mykonos These New Hotels Will Impress Travelers
Share to Twitter Share to Linkedin Traveling the world will be getting a lot better with the addition of several impressive new hotels and resorts. From a refurbished 17th century Jesuit convent to private villas perched high above crystal clear waters, these new hospitality properties are ready to welcome guests with open arms. ITC Hotel Colombo , Sri Lanka, India, Quarter Three, 2022 ITC Hotels, one of India's largest hotel brands, will open their newest property ITC Hotel Colombo. Located in the center of the capital city of Sri Lanka, boasting panoramic views of the Indian Ocean and the Beira Lake , this luxury hotel will feature 29 floors of 371 gracefully appointed guest rooms and suites, a selection of ten restaurants and bars offering the finest cuisines and a tranquil spa designed by Kuala Lumpur-based firm DESIGNWILKES . The Homestead , Nambiti, South Africa, Early 2022 The Homestead is a 12-suite eco-conscious ultra-luxury … [Read more...] about From Nambiti To Mykonos These New Hotels Will Impress Travelers
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Global Times: First liquid rocket built by Chinese private firm eyes 2022 maiden flight
- A + A (Jan 19): Zhuque-2, a new methane-liquid oxygen fueled rocket built by Chinese private company Landspace which is believed to be the strongest rocket developed by a Chinese private-sector company, is set to make its maiden flight this year, sources with the Beijing-based company told the Global Times on Wednesday. According to the sources, Zhuque-2 is a two-stage liquid propellent rocket, with a diameter of 3.35 meters and a height of 49.5 meters. It weighs 216 tons and has a launch thrust of 268 tons. The rocket will be able to send a payload of 4 tons into a 500-kilometer Sun-synchronous orbit, or a payload of 6 tons into low Earth orbit. To put it vividly, it is capable of sending two standard sport utility vehicles into space in one go, the sources said, Global Times reported. If the launch is successful, Zhuque-2 will become the first use of methane-liquid oxygen propellent technology in China, and it will become the first liquid rocket developed … [Read more...] about Global Times: First liquid rocket built by Chinese private firm eyes 2022 maiden flight
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New Yorkers Wagered $150 Million During First Weekend Of Legal Mobile Sports Betting
It's a safe bet to say that New Yorkers love to gamble on sports. New Yorkers wagered a total of $150 million through four betting apps during the first weekend of the Empire State's legal mobile sports betting program , according to Governor Kathy Hochul's proposed budget for 2023. Caesars, DraftKings, FanDuel and Rush Street Interactive, which launched the state's legal mobile sports betting program on January 8, reported that a combined 650,000 unique player accounts were created during opening weekend. The program is only expected to grow. New York's online sports betting market is expected to hit $1 billion in annual revenue, according to analysts at Macquarie. Yahoo Sports' betting app, powered by BetMGM, launched last weekend. Four companies—Bally's, Wynn Interactive, Resorts World and PointsBet—have been conditionally licensed and will be approved if they meet the state's requirements. According to Governor Hochul's proposed budget, the Empire State projects … [Read more...] about New Yorkers Wagered $150 Million During First Weekend Of Legal Mobile Sports Betting
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Independent director's tenure limited to 12 years under enhanced listing rules
- A + A KUALA LUMPUR (Jan 19): A person can serve as an independent director for not more than a cumulative tenure of 12 years under enhanced listing requirements announced by Bursa Malaysia on Wednesday (Jan 19). All long-serving independent directors impacted by this enhancement must resign or be redesignated as non-independent directors by June 1, 2023, said Bursa in a statement. This new regulation comes as the stock exchange operator enhanced requirements in the Main and ACE Market Listing Requirements aimed at further strengthening board independence, quality and diversity. "Additionally, the exchange introduces a new rule which requires public listed companies (PLCs) to have in place a fit and proper policy that addresses board quality and integrity for the appointment and re-election of directors across the PLC group, which must be published on the PLCs' websites, starting from July 1, 2022. "PLCs are also required to disclose the application of the PLCs' … [Read more...] about Independent director's tenure limited to 12 years under enhanced listing rules
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Hong Leong Assurance announces several appointments
January 19, 2022 by www.thestar.com.my
KUALA LUMPUR: Hong Leong Assurance Malaysia (HLA) has announced several executive appointments within the group. It has appointed Yoon Szu-Mae as chief marketing officer (CMO), Elmen Tan Yew Seng as chief digital & innovation officer (CDIO), and Low Tek Chee as head of information services. In a statement, HLA group managing director and CEO Loh Guat Lan said: "We are thrilled to announce these updates that will position our company for success in the future. Their experiences will be a tremendous asset in support of HLA's hypergrowth." "As a leading domestic life insurer of the nation, we have moved rapidly to incorporate technology meaningfully into our business in order to provide better value to our customers and intermediaries," Loh said. HLA said Mae brought to HLA a wealth of experience having worked in banking and insurance for 16 years holding leadership positions across the Asia Pacific. Mae's recent tenure was with the AIA Group where she held various positions … [Read more...] about Hong Leong Assurance announces several appointments
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Navient to Cancel $1.7 Billion in Private Student Loan Debt
January 19, 2022 by www.investopedia.com
Navient, one of the largest student loan servicers, has reached a settlement with 39 states, in which it will cancel $1.7 billion in private student loan debt. The settlement marks an end to six separate lawsuits filed against the student loan company, which was accused of giving out loans to millions of borrowers who were unlikely to be able to repay them, and also improperly recommending federal loan forbearance instead of better relief options. The company will also pay $145 million to the states and provide some restitution for borrowers in its former federal loan portfolio. Navient has reached a settlement with 39 states across six lawsuits to cancel $1.7 billion in private student loans and make a one-time payment of $145 million to the states involved. The company must also provide $95 million in restitution for select federal student loan borrowers. The states alleged that the lender disbursed student loans to college students who would be unable to repay them. … [Read more...] about Navient to Cancel $1.7 Billion in Private Student Loan Debt
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Influencer Interview: Powerhouse Superyacht, Private Jet, And Luxury Home Designer, Andrew Winch
July 12, 2019 by www.forbes.com
Share to Twitter Share to Linkedin Andrew Winch's dynamic career would make any designer jealous. In fact, the work of his firm, Winch Design , is comprised of private yachts that are well over 300-feet long, private jets that are the superyachts of the skies, and award-winning architecture that allow his lucky clients to enjoy an almost daVinci-esque integrated luxury lifestyle. And since he's also a passionate sponsor of many charities, including the London to Monaco bike ride that's helped the Blue Marine Foundation raise well over $1 million to help protect the worlds most vulnerable ocean recourses, his impact on the superyacht industry has been, and continues to be significant. And as you'll see in this latest "influencer interview," the best is yet to come. BS: What does the 33rd anniversary of Winch Design mean to you personally and the company in general? You must be proud, but I'd love to hear about what you've learned over the … [Read more...] about Influencer Interview: Powerhouse Superyacht, Private Jet, And Luxury Home Designer, Andrew Winch
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Malaysia Airlines appoints Goldair as general sales agent in Greece
- A + A KUALA LUMPUR (Jan 20): Malaysia Airlines Bhd is reported to have appointed Greece-based Goldair as its general sales agent (GSA) in Greece to expand the airline's global aviation network. In a Malaysia Airlines-Goldair joint statement posted on a news website, Malaysia Airlines regional director for UK & Europe Daniel Bainbridge said "the Greek market has proven to be a significant contributor to the Malaysian hospitality global network" and that Malaysia Airlines is confident that with Goldair's extensive regional expertise, Malaysia Airlines will further grow its market share in the country. According to the statement, the strategic partnership is designed to increase recognition of Malaysia Airlines in Greece and to steer sales growth throughout the Greek market with a particular focus on marine travel, signalling further expansion of the airlines' sales presence and representation in Europe. Goldair is one of the largest and most esteemed … [Read more...] about Malaysia Airlines appoints Goldair as general sales agent in Greece
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