Category: AP

US launches probe into Tesla’s 2 million vehicle recall over autopilot concerns

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate.

The National Highway Traffic Safety Administration (NHTSA) said it was opening an investigation after identified concerns due to crash events after vehicles had the recalled software update installed “and results from preliminary NHTSA tests of remedied vehicles”.

NHTSA also cited Tesla’s statement “that a portion of the remedy both requires the owner to opt in and allows a driver to readily reverse it.”

The agency said Tesla has issued software updates to address issues that appear related to its concerns but has not made them “a part of the recall or otherwise determined to remedy a defect that poses an unreasonable safety risk.”

Also read: Elon Musk is not the only one pouring more money on electric cars

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Vikas Lifecare Ltd acquires 30% stake in Ardh Sainik Canteen

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Vikas Lifecare Limited, as a measure of forward integration, has acquired 30 percent stakes in the Ardh Sainik Canteens in an all-cash deal worth Rs15 crore from its existing stakeholders in order to expand its retail footprint across India.

This will be another giant leap forward while moving at lightning speed on the path of carving a strong foothold in the consumer products retail market segment.

The company has been targeting a niche for itself in the retail market sector, including the e-commerce Market Place for Consumer Products, including the Agro Products business section, which has been increasing dramatically over the last 12-18 months.

Vikas Lifecare commits to expanding and broadening the commercial activities of Ardh Sainik Canteens as a strategic investment.

Ardh Sainik Canteen Stores (ASC) is a one-of-a-kind retail store concept owned by Abhyam Services Private Limited, in which Canteen (Retail) Stores are operated/opened across India by former paramilitary personnel/family members of current jawans in their hometowns.

Vikas Lifecare Limited engages in the trading of various chemical compounds, polymers, PVC resins, plastic granules, and products related to the plastic industry in India. It operates through Real Estate, Trading- Polymers, Trading-Cashew Nuts, and manufacturing divisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India a key contributor in global construction industry pegged to reach $14.41 trillion by 2030

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The concrete, construction and infrastructure industry are highly responsible for propelling India’s overall development and enjoys intense focus from the government for initiating policies that would ensure the creation of world-class infrastructure.

Increasing government investments in projects like the Sagarmala Program, Bharatmala Pariyojana, Gati Shakti Master Plan, development of 21 Green Field Airports in the country etc., has made the Indian market highly competitive and holds opportunities not only for big but also for small and medium players.

Amidst the pressing environmental challenges, especially regarding the cost of energy and increased overcapacity, World of Concrete India 2022 has presented technologies and solutions by bringing together the leading thought leaders, policymakers, and innovators in this space.

World of Concrete India is one of the leading trade fairs in the country, dedicated to concrete, where hundreds of exhibitors participate to showcase everything from cement to pumps, precast manufacturing products, technology, admixtures, testing and repair, and much more.

The show highlighted that innovation and sustainability are the need of the hour, and with its enhanced features, this year’s edition saw participation from over 7,000 visitors with more than 150 exhibitors, and over 50 speakers.

Key exhibitors included UltraTech, Schwing Stetter, Asian Paints, Jet Formworks, Mcon Rasayan, ESS EMM Chemicals, HROC, Vyara Tiles, VT Corp, Infinity Woodcraft & many more among many others. World of Concrete India 2022 is primarily supported by the Builders Association of India, the Water Proofing Association of India, and the Gujarat Contractors Association.

The Indian economy’s engine of growth and lifeline is its Infrastructure. India is expected to become the third largest construction market globally in 2022. The Government has focused immensely on developing better infrastructure across all sectors, be it National Highways, New Airports, among others, with the launch of INR. 1 trillion Gati Shakti National Master Plan.

Yogesh Mudras, Managing Director, Informa Markets in India said, “Population growth, urbanization, industrialization, and new economic opportunities equate to record expansion built on concrete. High levels of public and private investment are poised to catapult the construction boom and its demand for concrete. Innovation is the bedrock for moving to the next level. World of Concrete India held at BEC, Mumbai witnessed several innovations, patented products and technologies poised to be game changers for the industry. The event will play a key role in bringing the construction and infrastructure industries together and aiding the infrastructure industry growth, which is slated to reach $1.4 trillion by 2025.”

Amit Bansal, Partner, Deloitte India said, “Events like World of Concrete India are extremely important to create awareness about new construction techniques, new machinery, new equipment, and once we are all aware of such new technology it will lead to usage. The scale and speed at which some of these techniques should be adopted need to increase significantly.”

Toshihiro Kaneko, Deputy Consul General, Japanese Consulate said, “India has a bright future and Japanese companies would like to participate in this development and growth within India. We are happy to participate at the World of Concrete show to underline our commitment towards development in India”.

According to Niti Aayog, the Indian real estate sector is expected to continue its upward trajectory and is expected to reach a market size of $1 trillion by 2030 and will account for 13 percent of India’s GDP by 2025.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Best Agrolife Ltd receives A-credit rating from Care Ratings

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Indian agrochemical major Best Agrolife Ltd. (BAL) informed that CARE Ratings Limited has assigned a `CARE A-` rating to the long-term bank facilities of the company with a stable outlook, according to news agency ANI.

CARE assigned the rating to BAL`s bank facilities on the basis of the company`s long track record of operations, integrated operations of the group with a diversified product portfolio, and wide distribution network. The ratings further derived strength from the consistent growth in scale of operations at the compounded annual growth rate of over 23 percent over the past four fiscals ending FY22, ANI said.

It is noteworthy that CARE Ratings had allotted a credit rating of A- to Best Crop Science India Pvt Ltd (BCSPL), a wholly owned subsidiary of Best Agrolife Ltd, in July 2022.

Commenting on the upgrade, Vimal Alawadhi, MD, BAL, said, “This upgrade is an important milestone in our journey and reaffirms the strength of the organization and its leadership along with the financial and operational excellence. The upgraded rating reflects our perennial focus on executing our strategy and building a solid foundation for strong and reliable long-term leadership in the agrochemical industry.”

Listed among the top 15 agrochemical companies in India, BAL is engaged in the manufacturing of agrochemical products. The company offers more than 70 formulations of insecticides, herbicides, fungicides, and PGRs and retains one of the country`s most comprehensive portfolios with 360+ formulations and more than 80 technical manufacturing licenses.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Muoro provides engineers in 72 hours

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Muoro.io, an EaaS (engineer as a service) company provides quality, pre-vetted, qualified engineers, working in different time zones, within 72 hours. These engineers are technically strong with good communication skills, and work on various niche technologies like AI, Big Data, Cloud Computing, and UI.

The company is now set to address the problem of skill shortage and managing distant teams for clients, in niche technologies. They further provide top-quality remote work to engineers from developing nations, and from tier 2 and tier 3 cities in India. This helps the professionals to get better remuneration as per international standards

The remote team-building company boasts of a mixed clientele spreading from startups to conglomerates. The team handpicks resumes through rigorous screening. The candidate is tested for programming skills, data structures, algorithms, etc. In case of senior level recruitment apart from technical knowledge emphasis is placed upon -the communication skill, integrity, dedication, attitude, and accountability.

The process is simple: the client gets customized profiles through proprietary AI mapping software developed by Muoro, along with the test performance results of each engineer. Muoro AI-enabled profile parser maps engineers with the requirements of the client as per the current project or module needs.
The client can further interview the selected candidates and assign them projects. They are given a one-week free testing period. During this period the client can work closely with the chosen candidates and if needed can ask for a replacement or can share concerns about the respective candidate.

Accountability and transparency are the key factors on which Muoro works. The performance of the engineer is closely monitored as per the fixed parameters, and reports are regularly shared with the client. After the completion of the project proper knowledge transfer is done in the form of reports, written documents, etc.

Muoro engineers have worked on the projects of global giants including Microsoft, Nike, Pinelabs, KPMG, Omnicom, etc. They are also going for geographical expansion, by recruiting qualified engineers from South Africa, Middle East, and South East Asia and building a global tech talent pool.

The company is bootstrapped and planning to increase the revenue by increasing the user base. The brand is consistently growing at 45% since its inception in 2019.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

HackersEra introduces telecom penetration testing to safeguard telecom infra against cyber attacks

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Cybercriminals have targeted telecom infrastructure, especially as it transitions to an IP-based design with the introduction of Long-Term Evolution (LTE) networks, often known as LTE or 4G. Persistent attackers could use security flaws in the LTE mobile device standard to spy on users’ cellular networks and intercept data traffic.

Thanks to HackersEra, a leading Indian cyber security service provider with global footprints, for introducing a cutting-edge solution to assist the telecom sector in India and around the world in improving their telecom network security posture, reducing the risk of attacks, and increasing operational efficiency through ‘Telecom Penetration Testing.’

Particularly in the developing nations of Asia, Africa, and South America, the telecommunications business has expanded at a dizzying rate. Because of this, networks have expanded rapidly, new services have been added, and the whole system has become more complicated. Security, however, is often disregarded or pushed to the side in favor of expanding market share and decreasing overhead costs. However, hackers don’t give a hoot about the state of the economy, and they’ve started assaulting telecom infrastructure just as it’s transitioning to an IP-based architecture thanks to LTE.

This, in addition to stricter telecom security laws, has proven to be a formidable obstacle for carriers to overcome. Even though there are a lot of security issues, telcos’ experiences have demonstrated that some of them can be solved, while others will remain a known threat unless cost-effective solutions are devised.

When evaluating the security of a telecom system, HackersEra considers every angle. Pre-engagement, scoping, classification of important assets, risk assessment and risk treatment, vulnerability analysis, penetration testing, employee training, and support are all parts of the company’s strategy for improving operational efficiency in the telecom industry.

HackersEra is home to a team of researchers who are experts in the latest and greatest in telecommunications technology, including 2G, 3G, 4G, and 5G. The Air Interface, Backhaul Interface, Core Network, and Roaming Interface are just some of the telecom network interfaces that have been probed and inspected by these tools. The firm has created automation solutions for security testing that experts with less security experience can employ.

HackersEra, founded by Vikash Chaudhary in Maharashtra’s Pune in 2015, is an industry-leading cybersecurity service provider known for introducing innovative, adaptable business practices that give businesses greater security and productivity. In just seven years after its founding, the organisation has expanded across the globe, particularly in the regions of Asia, the Americas, and Africa.

Thousands of penetration tests and security assessments are performed each year by HackersEra Consultants on software applications, products, and environments. Among them are web applications, mobile applications, hardware devices, software applications, social engineering engagements, automotive, IIoT, wireless, and various other areas.

“HackersEra’s Penetration Testing is a service that looks for holes in your signaling network to avoid costly data breaches when providing services to end-users,” said Vikash Chaudhary, founder, and CEO of HackersEra.

“Following the completion of the engagement, penetration test reports give operators with organised detail of the pen test audits, as well as solutions to solve vulnerabilities that harm customers or the bottom line.”

According to Chaudhary, conducting regular penetration tests on telecom networks allows telecom organisations to analyse their organization’s competence and endurance in safeguarding the network, systems, endpoints, and users against present and upcoming internal and external threats. Toll fraud, information harvesting, and theft, 2FA interception, call interception, location tracking, banking/billing / VAS fraud, premium rate fraud, malware, spam, denial of service attacks, and data leakage are the most serious threats to telecom security.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Truth ventures closes partnership and investment deal with Inery Blockchain 

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Truth Ventures, global venture and capital company, has entered into a strategic partnership with Inery Blockchain to onboard Inery, a decentralized data system. The two companies have come together to facilitate the usage of decentralized databases.

Truth Ventures is a venture capital firm founded and headed by Varun Datta. It functions on a global scale and funds seed-stage, developing businesses, or startups that run on innovation and have strong growth potential.

Inery has brought a new strategy for decentralizing data and data management for Web2 and Web3 businesses. It would stimulate an easy transition to a decentralized web. It supports use cases in several industries thanks to its security, scalability, and high throughput properties. These include the sectors where data is a valuable resource. For example, the healthcare industry, businesses, and governments, as well as the real estate, gaming, and aviation industries, and many others.

According to the Founder & CEO of Truth Ventures, Varun Datta, the company recognized and endorsed Inery’s mission and practical applications, and the company thinks the technology has enormous potential for wide-scale adoption.

Through Truth Ventures, Varun Datta looks forward to funding in sectors including Entertainment, Blockchain Technology, healthcare, and Holistic Wellness. His vision is to add value to the lives of people and work on long-term benefits, and not merely work for short-term profit-oriented goals.

Inery owns an exclusive layer-1 blockchain technology. It is a decentralized data management solution. By employing blockchain technology, the network allows a decentralized, secure, and credible basis for the management of databases. It combines distributed database features with blockchain functionality to fundamentally alter how data is accessed, stored, and managed.

The blockchain industry has been interested in database decentralization and security since the launch of Inery’s layer 1 blockchain and the elegant DB solution built on top of it. Prior to its upcoming launch, the project launched its first public test net on August 10, 2022. It also has a listing date set for the end of the third quarter of 2022.

This alliance will play a significant role in advancing the cause of widespread decentralized database use. Both in the conventional and Web3 domains.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Borrower-focused loan recovery models most efficient: Credgenics

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The Reserve Bank of India (RBI) recently issued guidelines to banks and Non-Banking Financial Companies (NBFCs) regarding loan recovery practices. With reports of harassment and intimidation by debt collection agents on the rise, the latest guidelines are a welcome move for borrowers and consumers.

But why has the loan recovery process always remained full of challenges?

Loan recovery has traditionally been a low-tech operation. The uptake of loans spiraled during and after the pandemic, exerting massive pressure of the recovery mechanism. With millions of accounts – from credit cards to home loans – processing the borrower data manually is a mammoth task.

According to some banking professionals, when it comes to product innovation only the loan products see innovation; the recovery is usually slow, manual and inefficient. Lenders would not want to invest more in recovery since it makes lending less viable.

However, technology is changing the rules of the game, and for the better.

According to Rishabh Goel, CEO and Co-Founder, Credgenics, a digital debt collections platform, “Debt collections remains a manual process, resulting in lost recoveries, an increase in human error, and time-consuming operations. Typically, standard collections approaches are applied in bulk without a focused, personalized, and segmented approach, which leads to inefficiencies.”

The collections space in developed markets like the US and UK is more evolved with banks and large financial institutions showcasing extensive capabilities to manage delinquent debt internally as far as 90 (Days-Past-Due) DPD or more. The debt managed must comply with strict requirements set by the regulators for customer reach out and engagement.
But Asia and India are catching up.

Goel said, “In recent years, Asia has been delivering game-changing growth and innovations, especially in banking and financial services. With proper employment of technology and with the help of Machine learning, Artificial Intelligence, and Automation, a data-driven approach helps lenders analyze the underlying patterns of consumer segments, fine-tune existing strategies to address individual consumer behavior, and predict the probability of recovering loans from a customer by laying down a framework of actions required. Research shows that such a data-driven approach in loan collections increases loan recovery while decreasing the cost of collections.”

Taking a customer-focused approach to loan collections works well for both the industry and to improve the credibility of the finance and fin-tech industry. The new guidelines will help the industry’s growth in the long-run. Goel added, “The current progress in India, in governing the collections processes to avoid customer harassment, is a move in the right direction. Keeping the borrower at the centre and forming policies for fair treatment of genuine defaulters is the need of the hour. A robust mechanism to create awareness around maintaining credit profiles with timely payments and avoiding defaults will go a long way in boosting compliance.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Benefits of digital and paperless loans

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Financial inclusion expansion is the pillar on which stands a modern, expanding, and robust economy. The Indian government’s wish to create a vibrant cashless and digital system and a new generation of customers has resulted in a significant revolution in how people access banking services today. Digital lending is a simple alternative to a time-consuming bank procedure, ensuring rigorous monitoring and analysis.

Do digital and paperless loans benefit the consumer? The answer is an unequivocal ‘yes’. Today we live in a marketing economy which squarely places the consumer at the centre of everything. Market forces seek to anticipate and deliver on customers’ needs and desires. Digital and paperless loans do just that with their numerous benefits:

Benefits of digital paperless loans

Digital personal loans and paperless transactions are the future of banking, bolstered by cutting-edge technologies and looser regulations. Borrowers can apply for loans anywhere and at any time using digital loans and alternative lending platforms, regardless of whether or not the bank that lends to them is present in their region.

How paperless loans work

Access to advanced digital tools and efficient technical solutions such as India Stack and open APIs, digital lending platforms are collaborating with top banks and NBFCs to develop successful lending solutions for borrowers. To ensure greater precision in customising loan products for consumers, these platforms employ AI and data analytics algorithms to comprehensively analyse the various loan products offered by lenders such as banks and NBFCs, correlating them to the specific needs of borrowers and selecting the most optimal outcome for them.

Easily accessible

Today, anyone with internet access, a computer or smartphone, and a government-approved identity like a PAN card, Aadhaar card, voter ID, etc. can apply for a loan online. They must submit an online application on digital lending platforms by entering their information and uploading supporting papers.

Online scanning and uploading of personal documents such as proof of address, identity, bank statements, and salary information are all required of borrowers. This one-time procedure in which lending platforms securely keep the borrower’s data in a centralised database, which they can access when clients request extra credit or other lending services. Simultaneously, automation and advanced analytics have made the verification of borrower information and assessment of their creditworthiness much simpler and quicker than ever before and far more accurate.

Flexibility

Digital lending platforms provide borrowers, particularly paid individuals, with a credit limit that ranges from Rs 25,000 to Rs 5 lakh and is highly flexible. Digital lenders typically consider them small-ticket loans, whereas banks consider personal loans below Rs 1 lakh to be high-risk. In addition, customers can repay their loans with flexible and reasonable EMIs over a period of 2 to 36 months. Consequently, these unsecured personal loans allow individual borrowers and small enterprises to obtain funds whenever necessary.

Collateral-free loans

Getting a loan from traditional lenders like banks and non-banking financial firms (NBFCs) usually means putting up collateral in the form of high-value assets like their own property, a car, or gold. Most first-time borrowers, mainly young, salaried persons, lack significant investments. They thus were unable to get a loan. Digital lending, on the other hand, does not call for the borrower to produce any assets. Different matrixes are used for loan disbursement. This has dramatically increased the chance for people who have never had credit to obtain loans through cutting-edge digital lending platforms. Borrowers do not need to offer a guarantor when applying for a personal loan with collateral-free loans.

Digital signature

The digital signature function enables applicants to e-sign the paperwork; the entire transaction is paperless, saving them the effort of downloading and submitting a physical application to the lender. Also, with paperless digital loans, borrowers do not need to visit the bank because the entire procedure, from credit application to loan disbursement, is performed digitally. Whereas it typically took weeks or even months for banks to accept personal loan applications, credit-seekers can receive immediate loan approvals and the funds in their bank accounts in as little as 24 hours.

Accuracy in Decision Making

In the past, the credit score was used as the benchmark to determine or evaluate a person’s creditworthiness. India’s four main credit bureaus are CIBIL, CRIF, Experian, and Equifax. Fintechs operate differently; they typically base their judgments on their own internal, proprietary algorithms that evaluate applicants. They take into account a variety of other characteristics in addition to credit score, such as job stability, income stability, etc. Thus, the introduction of online lenders has made it simple for first-time borrowers to acquire loans when they need them most.

In the future, with the focus centred on providing a better end-to-end customer experience, technology will continue to alter the digital lending ecosystem in the years to come. According to a Boston Consulting Group (BCG) report, digital lending in India is expected to grow to a $1 trillion market by 2023.

Finally, the consumer is getting to be heard. Financial Institutions are looking to provide BNPL solutions and a broader range of credit choices. This, in turn, forces traditional financial institutions to look at ways to improve backend processes that delay digital credit. Otherwise, they will be unable to compete with fintech and large technology companies.

The author, Edwin Daniel, is Global Head of Marketing – Branch Personal Finance App

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ex-Facebook technology leader launches Heru Finance

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Heru Finance, a global platform providing opportunity to invest in Web 3.0 was launched, in India and SEA markets. The platform with $ 8.0 million plus assets Under Management (AUM) leverages deep technology and a team with a combined experience of 40+ years investing in Web3.0  and crypto.

As Web 3.0 and the underlying technology (blockchain) is seeing mainstream adoption across the world, it is providing a new asset class for users to invest in. However, over the past few months, investors have witnessed high volatility, regulatory clampdowns, and asset freeze across prominent platforms.

Heru is fully compliant to regulations and provides a safer alternative by investing in proprietary strategies that have demonstrated superior returns – both in bull and bear markets.

The platform boasts a strong technology stack including a robo-advisory that profiles every investor and matches them to a unique set of investment strategies.

The investment team also uses HQS (Heru Quant Stack) which processes data points from search, social, meta, and content platforms and converts them into actionable trading decisions. There are other tech solutions that the team are working upon and plan to make live shortly.

“Our target audience are working professionals with total investable wealth of more than 1 Cr and a long-term investment perspective. For HNIs/UHNWIs, the platform provides exclusive investment opportunities in hand-picked blockchain & web 3.0 companies who can provide strong returns. Think about investing in Amazon, Facebook, Netflix, just when the Digital Revolution had started!” said Prashant Malik, Founder and CEO at Heru Finance.

The founding team comprises Neeraj Bagdia, Tanuj Moorjani, Ganesh Kompella & Karan Ahuja who are ex-entrepreneurs, technologists and early blockchain investors.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow