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IndusInd Bank roots for MSME growth and success with focused banking initiatives

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The Bank offers a plethora of tailored banking solutions to support the MSMEs

MUMBAI, India, June 27, 2024 /PRNewswire/ — On the occasion of International MSME Day today, IndusInd Bank recognizes the essential role that Micro, Small, and Medium Enterprises (MSMEs) play in India’s economy, by introducing the knowledge series named “Level Up”, and highlights a range of MSME-focused initiatives implemented by the Bank. The ‘IndusInd Bank Level Up’ is a knowledge series wherein successful business owners and C-suite executives provide MSMEs with insights on strategic planning, financial management, digital transformation, and market expansion, which further aims to equip businesses with practical strategies to navigate challenges and foster sustainable growth in competitive markets. With an aim to facilitate easy credit access, reduce operational costs, and ensure business continuity for MSMEs, IndusInd Bank is doubling down on its commitment to strengthen the sector.

To make these banking initiatives available and thereby empower MSMEs to thrive and expand seamlessly, IndusInd Bank has established 126 MSME Hubs across India, strategically situated in concentrated MSME activity areas. These hubs offer tailored banking experiences with expedited loan approvals, customized products, and expert guidance. Besides this, the Bank also prioritizes digital transformation to ensure quick sanctions and disbursals in the MSME segment. Additionally, to provide quick funds, reduce administrative burden, and enable growth, the Bank’s GSTOD (Goods and Services Tax Overdraft) product allows registered MSMEs to get instant sanction of funds up to ₹2 crores with minimal documentation and a one-time GST OTP.

In its constant endeavor to evolve product offerings for MSMEs, Bank’s most recent initiatives include the ‘IndusWE’ program, empowering women entrepreneurs with not just banking but with holistic support of other services that will enable their business growth.  Further, Bank offers CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprise) backed loans to eligible MSME borrowers under the Government’s CGTMSE scheme, wherein collateral-free financing up to ₹5 crores is provided, enhancing credit accessibility.

IndusInd Bank has been always leading in the sustainability front and as one of the leading initiative, the Bank also offers ‘Solar power financing’ that supports MSMEs in adopting solar energy, reducing costs sustainably. Bank has also introduced ‘Loan Protect’ product to ensure business continuity for MSMEs against unexpected disruptions for MSMEs.

Mr. Sanjeev Anand, Head – Corporate, Commercial, Rural & Inclusive Banking, IndusInd Bank, said, “India’s MSMEs are fundamental to the nation’s growth and serve as the backbone of the Indian economy. As our country strives for a $5 trillion GDP, MSMEs will be key in achieving this milestone, augmented by various government initiatives that are designed to enhance their competitiveness and growth. This MSME Day, IndusInd Bank recognizes the contributions of MSMEs to India’s economy and remains steadfast in its effort to support their growth and success.”

About IndusInd Bank:

IndusInd Bank Limited commenced its operations in 1994 catering to the needs of consumer and corporate customers. Since its inception, the Bank has redefined the banking experience for its customers including various government entities, PSUs, retail and large corporations. As on March 31, 2024, IndusInd Bank has a customer base of approx.39 million, with 2984 Branches/Banking Outlets and 2956 ATMs spread across geographical locations of the country and covering 157000 villages. The Bank has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology that supports multi-channel delivery capabilities. It enjoys clearing bank status for both major stock exchanges BSE and NSE and settlement bank status for NCDEX. It is also an empanelled banker for MCX.    

RATINGS 

Domestic Ratings: 

CARE A1+ for Certificate of Deposits   CRISIL AA + for Infrastructure Bonds program/Tier 2 Bonds CRISIL AA for Additional Tier 1 Bonds program CRISIL A1+ for certificate of deposit program / short term FD programme  IND AA+ for Senior bonds program/Tier 2 Bonds by India Ratings and Research IND AA for Additional Tier 1 Bonds program by India Ratings and Research 

International Rating: 

Ba1 for Senior Unsecured MTN programme by Moody’s Investors Service 

Visit us at https://www.indusind.com/  
Twitter:@MyIndusIndBank  
Facebook: https://www.facebook.com/OfficialIndusIndBankPage 

 

View original content:https://www.prnewswire.com/in/news-releases/indusind-bank-roots-for-msme-growth-and-success-with-focused-banking-initiatives-302184553.html

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DreamSmart Held AI Ecosystem Launch Event to Unveil Its Full Range of Products

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BEIJING, Sept. 25, 2024 /CNW/ — On September 25, 2024, the DreamSmart AI Ecosystem Launch Event was held in Beijing. DreamSmart released a number of new technology products, including Meizu Lucky 08 AI smart phone, AR smart glasses StarV View, StarV Air 2, smart ring StarV Ring 2, Z10 STARBUFF customized e-sports car jointly created by DreamSmart and Lynk & Co, etc.

DreamSmart has developed an ecological layout in which the two major product series brands, namely Star and Meizu, are parallel, and the three product categories, namely smart phones, smart glasses and smart cars, are developing together.

Meizu Lucky 08 comes in two colors, namely starshine white and meteorite black, with a 6.78-inch 8T LTPO 144Hz 1.5K screen. Equipped with a second-generation Snapdragon 7s mobile platform, a 6000mAh battery, and a 100-million-pixel ultra-clear main camera with an ultra-wide field of view, Meizu Lucky 08 adopts new star rail technology aesthetics to create a unique sense of spatial hierarchy. In addition, Meizu Lucky 08 is specially equipped with a multi-functional AI button supporting more than 100 flagship AI technologies.

Optical waveguide display solution is adopted for StarV Air2 AR smart glasses, which weigh only 44 grams. Equipped with the self-developed StarVision system and a 0.15cc ultra-small single green light engine, StarV Air 2 AR smart glasses support real-time dialogue translation based on AI, flash memory based on AI, AI voice assistant, AR navigation and other functions.

Another StarV View AR glasses equipped with a “high-definition giant screen” use BirdBath technology to create a giant screen experience equivalent to a 188-inch screen effect from 6 meters away. To meet the needs of myopia users, StarV View supports 0-600 degree myopia regulation for the left and right eyes respectively, without the need to install myopia lenses.

StarV Ring 2, a two-in-one smart ring, supports non-invasive blood glucose trend detection and touch interaction in an innovative manner, supports sleep stress monitoring, body temperature trend and blood oxygen monitoring, exercise heart rate monitoring and other functions, as well as realizes multi-device control and operation interconnection. Users can easily use the ring to control StarV Air 2 glasses and smart phones.

As the first customized e-sports car jointly created by DreamSmart and Lynk & Co, Z10 STARBUFF is deeply customized for e-sports fans. It is equipped with the world’s first Flyme Auto high-energy e-sports entertainment cockpit which has a gaming function comparable to that of a PC, as well as a number of hardcore devices including ECARX Makalu Computing Platform, AMD V2000A desktop chip, AMD RX6600M discrete graphics card, water-cooled heat dissipation, Samsung OLED automotive grade high-refresh screen, 1TB solid-state drive and 5G high-speed in-vehicle network. The cockpit layout is also customizable for e-sports users, and it is equipped with Harman Kardon 23-speaker luxury audio for a more immersive in-cabin audio experience.

As presented at the DreamSmart AI Ecosystem Launch Event, Flyme AIOS has deeply integrated AI into all levels of the operating system, providing users with a total of more than 100 AI functions. AI smart phones have been widely recognized by users; XR smart glasses have accompanied users to travel to more than 30 countries and regions, with the “multilingual AI translation” function being used for more than 100,000 hours; Flyme Auto smart cockpit operating system serves nearly 200,000 car owners; and Flyme Auto open platform has supported 14 car models, and is about to support more automotive brands.

At the launch event, Su Jing, CEO of DreamSmart, and Liao Qinghong, COO of DreamSmart, invited partner representatives and user representatives to the stage to jointly light up Sphere, the world’s largest spherical immersive venue in Las Vegas. DreamSmart showed the world its strong scientific and technological strength and broad development prospects.

DreamSmart is a global technology company with a business footprint that has expanded from the Chinese market to overseas regions including Eastern Europe, the Middle East, Southeast Asia and Latin America. In the future, DreamSmart will work with a number of partners to jointly build a global intelligent travel technology ecosystem, providing users with multi-terminal, full-scenario, and immersive integration experiences.

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SOURCE DreamSmart

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Sucden Financial Appoints Head of Exchange-Traded Derivatives

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LONDON, Sept. 25, 2024 /PRNewswire/ — Sucden Financial, the multi-asset execution, clearing and liquidity provider, has appointed Rob Noyce as Head of Exchange-Traded Derivatives.

Rob has spent the past 20 years at major global financial institutions, including UBS, Citigroup, and Barclays Capital, focusing on listed derivatives and electronic execution. He will lead Sucden Financial’s non-LME exchange-traded business, with a particular focus on growth and adding value for clients through technology, innovation and electronification.

Before joining Sucden Financial, Rob spent over five years as Director of EMEA Electronic Execution Sales for Listed Derivatives at UBS, where he was responsible for new business and monetisation of existing futures and options e-execution clients. Prior roles include Head of Futures E-Trading Sales and Relationship Management at Citigroup Global Markets, Vice President of Futures E-Sales at Barclays Capital and EMEA Derivatives and FX Sales Director at Bloomberg Tradebook Europe. 

Marc Bailey, CEO of Sucden Financial, said:

“Rob has an excellent track record of implementing technological change and driving business growth at some very large financial institutions. We’re delighted to welcome him to the Sucden Financial team. Rob will play an important role in driving innovation, continuing to grow our business and providing clients with an enhanced service.”

Rob Noyce as Head of Exchange-Traded Derivatives, Sucden Financial, commented:

“I am delighted to have joined Sucden Financial, which has a strong background in the ETD space. I believe there is a significant opportunity to grow the listed derivatives business and increase efficiency by focusing on technology, innovation and electronification.”   

About Sucden Financial

With a history and heritage in commodity futures and options trading, Sucden Financial has evolved and diversified to become a leading global multi-asset execution, clearing and liquidity provider across FX, fixed income, and commodities.

Sucden Financial has a proven track record of over 50 years in financial markets. Since its foundation in 1973, it has been supported by its parent, Sucden, one of the world’s leading soft commodity trading groups, while remaining fully independent in its day-to-day trading operations.

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority.

sucdenfinancial.com

twitter.com/SucdenFinancial
linkedin.com/company/sucden-financial/
press@sucfin.com

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View original content:https://www.prnewswire.co.uk/news-releases/sucden-financial-appoints-head-of-exchange-traded-derivatives-302257410.html

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Baseus Creates Sound That Moves You with the New Bowie 30 Max Noise Cancelling Headphones

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — As a global leader in the consumer electronics industry, Baseus has always been passionate about creating minimalist products that are easy to use and prioritize the user’s needs. To add to this extensive and innovative range of products, Baseus is excited to unveil the latest Bowie 30 Max Noise Cancelling Headphones. These incredible head-tracking spatial audio headphones provide excellent sound quality and immersive noise canceling – making them the ideal companion when traveling, exercising, or doing outdoor activities.

The Baseus Bowie 30 Max Noise Cancelling Headphones also come highly recommended by GRAMMY and EMMY award winners to ensure a level of sound engineering worthy of those accolades. Let’s explore some of the key features of these pioneering headphones:

Head-Tracking Spatial Audio Technology: The Baseus Bowie 30 Max Noise Cancelling Headphones use innovative head-tracking spatial audio technology with built-in gyroscopes and accelerometers. These work together to ensure smooth and accurate tracking of head movements to give users a truly immersive and lifelike sound experience with cinematic 3D audio.

-45dB Active Noise Canceling: Enjoy undisrupted entertainment with -45dB Active Noise Canceling that blocks out 96% of external sound. Baseus Bowie 30 Max Noise Cancelling Headphones also come with built-in dual Active Noise Canceling microphones that use digital noise cancellation technology to detect and cancel out a wide range of low and mid-frequency noises – such as cars, airplane engines, and other background sounds. Soft earmuffs also provide a greater sound seal and build a comfortable, immersive, and private space for your listening.

Hi-Res Audio Wireless/Wired Certified: The Baseus Bowie 30 Max Noise Cancelling Headphones ensure superior audio resolution that goes beyond your imagination. The use of LDAC technology in the headphones enables the transmission of audio content at the maximum bitrate of 990kbps – even over Bluetooth. This includes high-resolution audio and increases audio detail up to 3 times when compared to average audio designs.

50mm SuperBass Drivers: Feel a 200% bass increase with the 50mm SuperBass drivers inside your Baseus Bowie 30 Max Noise Cancelling Headphones. With extensive research on user listening habits, Baseus has taken to using the latest SuperBass acoustic algorithms to amplify sound excellence. The technology seamlessly upgrades every frequency within the human audible range without compromising sound quality – ultimately boosting the bass experience by up to 200% and creating an immersive audio experience like no other.

65-Hour Battery Life and Baseus Rapid Charge: Enjoy your superior sound with a 65-hour long battery life from your Baseus Bowie 30 Max Noise Cancelling Headphones. The extended battery life ensures that your headphones adapt to use on long journeys, outdoor treks, and other time-consuming activities. Baseus understands the frustration of a low battery on a long trip, so we’ve also ensured that your Bowie 30 headphones give you 14 hours of playtime with a quick 10-minute charge – giving you less time to wait and more time to play.

Foldable and Compact Design: The Baseus Bowie 30 Max Noise Cancelling Headphones are designed for efficiency and portability. The compact, foldable, and 120° rotatable earcups make the headphones ideal for storage and traveling while the unique and customizable headband ensures a comfortable fit with soft ear cushions to give you easier extended wear. The Bowie 30 max headphones also use a monaural fold design to ensure lightweight and functional ease.

Baseus is dedicated to providing enhanced and innovative products that entertain users while ensuring peak comfort, immersive sound, and amplified audio engineering. At Baseus, boundaries are always being pushed to create a simpler and more convenient lifestyle for users. The Baseus Bowie 30 Max Noise Cancelling Headphones are a clear example of – and step towards – technology that redefines sound excellence as something seamless, affordable, and inherent in every Baseus product.

Availability:

The Baseus Bowie 30 Max ANC Headphones will launch an Early Bird event on the Baseus website starting September 25th at an MSRP of $99.99.

From September 25th to October 1st, the headphones will be available at a special price of $51.99, followed by a price of $55.99 from October 2nd to October 7th.

They will be available on Amazon.com starting October 8th, and on Amazon UK and Europe from October 15th.

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users’ problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products – including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users’ sense of fulfillment. Join the Baseus family today to see a new world of technological innovation.

Media Contact:
Name: Baseus PR Team
Phone: +1 (213) 512-7063
Email: pr@baseus.com
Baseus Technology (HK) Co., Ltd

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/baseus-creates-sound-that-moves-you-with-the-new-bowie-30-max-noise-cancelling-headphones-302257969.html

SOURCE Baseus Technology (HK) Co., Ltd

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