Share Market News || Stock Market Live News Update ||Nifty || Sensex 20 November 2023

Tushar Patankar appointed as Chief Risk Officer of Yes Bank from December 01, 2023

Tushar is a qualified Chartered Accountant and comes with close to 3 decades of diversified experience in risk & front end business expansion across Retail (Urban & Rural products), Micro Finance, Corporate (Conglomerates, MNC’s & Large Indian firms), Institutional, Infrastructure, Real Estate, SME, Market Risk and growth management roles in leading Foreign Banks, Private Banks and NBFC’s. Tushar was associated with companies like ANZ, HSBC, ABN AMRO, IDFC First Bank, Bajaj Finance and Mashreq Bank. He comes to us from L&T Financial Services where he was the Group Chief Risk Officer managing Retail, Microfinance, Corporate, Infrastructure, Real Estate, and Mutual Fund with a geography spread of 1800 locations. In his new role as CRO for the Bank, Tushar will be responsible for Market & Enterprise Risk, Credit Policy, ORM, Legal Risk Management, Information Security, RICU & AML, and all other Pillar II risks of the Bank.

Anand Rathi appoints Tejal Shah as Head of Human Resources

Ms. Tejal Shah will be working as Head – HR for the Company. Prior to this, she was associated with Anand Rathi Financial Service since l51 Feb 2021 and has managed diverse roles. Prior to joining Anand Rathi Financial Services, she was also associated with Multi Commodity Exchange of India Ltd. Ms. Shah holds a Master’s degree in Human Resources from Mumbai University with a robust professional background with over 20 years of experience in HR, spanning across diverse sectors such as Retail and warehousing, and Stock Exchanges. She possesses extensive expertise in managing a wide range of HR functions, encompassing Talent Acquisition, Performance Management, Assessment Centre, and Succession Planning. Her significant contributions include playing a pivotal role in automating the comprehensive Human Resources — . Information System (HRIS) for the organisation

Persistent Systems has launched an innovative open-source maintenance service

Persistent, a global leader in Digital Engineering and Enterprise Modernization, has launched a new open-source maintenance service to help organizations keep their open-source software up to date with patches, bug fixes, and the latest releases. The service is staffed by a team of experts who specialize in complex software and are equipped with the latest technologies and knowledge base to help clients maintain their open-source software with all releases, ensuring the continuity of business operations.

Open-source software makes up more than 90% of an application’s software components, and while it offers many benefits, it can also present challenges in an enterprise environment. Organizations often face delays in software upgrades and maintenance while waiting for the open-source community to provide fixes, which can lead to missed software delivery and security compliance obligations. Persistent’s open-source maintenance service aims to solve this challenge by providing a dedicated team focused on component upgrades while maintaining security and integrity. The service also leverages cutting-edge technologies like Large Language Models and Generative AI to offer fast, high-quality, compatible, and secure fixes in hours instead of days.

Persistent offers a range of services under this program, from a free project assessment to two premium subscriptions, all of which can be accessed through their website. The complimentary service provides valuable insights on potential project vulnerabilities, areas for improvement, and recommendations to enhance software performance and security.

EaseMyTrip Launches Exclusive Subscription Program for High Net Worth Individuals with its Platinum, Gold, and Silver Cards.

EaseMyTrip.com has launched a new subscription programme aimed at High Net Worth Individuals (HNI) and CEOs, offering exclusive benefits and privileges through their Platinum, Gold, and Silver Cards. The Platinum Card requires a minimum deposit of INR 40 Lac and provides the most luxurious travel experience. Each booking comes with a unique Platinum Code, which unlocks a range of benefits, including cashback rewards, exclusive corporate and SME fares, and discounts on luxury accommodations. The Gold Card requires a minimum deposit of INR 20 Lac and offers enticing cashback rewards, access to corporate and SME fares, and luxury accommodations with discounts. The Silver Card requires a minimum deposit of INR 10 Lac and provides instant cashback rewards, corporate and SME fares, and discounts on luxury accommodations. Each cardholder is assigned a dedicated Relationship Manager to ensure a hassle-free and memorable travel experience. The EaseMyTrip Subscription Program redefines luxury and convenience in travel, making it an attractive option for those seeking the absolute best.

Tata Consultancy Services has signed an agreement with the Australian Securities Exchange to replace its current cash equities clearing and settlement platform.

Tata Consultancy Services (TCS) has signed an agreement with ASX, Australia’s primary securities exchange, to provide a next-generation clearing and settlement platform for the Australian market. The new platform will replace ASX’s existing system for cash equities clearing and settlement and will be built on TCS BaNCS for Market Infrastructure. The implementation will be staged in two releases, with the clearing service expected to be delivered in the first phase, followed by the settlement depository and sub-register services in the second phase. The agreement strengthens TCS’ presence in Australia, which is one of its fastest-growing geographies, with a strong local partner network, expertise in cutting-edge technologies, investments in research and innovation, and deep domain knowledge of the banking, financial services, and insurance sector for over 30 years. TCS has a proven track record in executing mission-critical projects with its award-winning suite of products and platforms, and has been recognized as one of the LinkedIn Top 25 companies and a Top Employer in the region for four consecutive years.

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L&T Energy Hydrocarbon has secured another major order in the Middle East

Larsen & Toubro’s Hydrocarbon business, L&T Energy Hydrocarbon (LTEH), has secured a significant offshore order from a prestigious client in the Middle East. The project involves the engineering, procurement, construction, and installation of a large offshore platform as well as the integration of brownfield work with existing facilities. The order is a major milestone for the offshore business of L&T and demonstrates the company’s capabilities and expertise in the sector.

Mr. Subramanian Sarma, Whole-time Director and Senior Executive Vice President (Energy) at L&T, expressed his excitement about the award, saying that it reaffirms the company’s global standing and marks an important achievement for its offshore business. The Hydrocarbon Business is currently executing multiple domestic and international offshore projects and is committed to expanding its regional presence across adjacent and business-friendly geographies.

LTEH offers integrated design-to-build solutions across the hydrocarbon sector to both domestic and international customers. The business is organized under Offshore, Onshore EPC, Modular Fabrication, Advanced Value Engineering & Technology (AdVENT), and Offshore Wind Farm Business Groups. With over three decades of experience, LTEH has set global benchmarks in all aspects of project management, corporate governance, quality, health safety environment (HSE), and operational excellence.

Dominos (Jubilant FoodWorks) Mr. Ashish Goenka, who served as the President, CFO and KMP of the company, has resigned from his position

Mr. Ashish Goenka, who held the positions of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) at the company, has resigned from his role. The reason cited for his resignation is that he has accepted an external opportunity. His resignation was effective as of November 20, 2023, and his last working day with the company was December 15, 2023.

IntellectAI’s WealthForce.AI secures prestigious win in the “Innovative Use of Artificial Intelligence” Category at Wealth Briefing MENA 2023

The WealthTech and Insurtech division of Intellect Design Arena has once again been recognized for its innovative work in the wealth management industry. At the WealthBriefing MENA Awards 2023, WealthForce.ai from IntellectAI was announced as the winner in the “Innovative Use of Artificial Intelligence” category. This award highlights the platform’s dedication to transforming the wealth management industry in the MENA region and empowering cognitive enterprises on their journey towards transformation.

WealthForce.AI, which is powered by the eMACH.ai framework, is leading the way in the MENA wealth management market with its advanced AI and data capabilities. Its event-driven, microservices-enabled, API-led, Cloud-native, and Headless architecture, embedded with cutting-edge AI technology, fosters cognitive growth. The AI capabilities of WealthForce.AI help enterprises transition from determinism to a probabilistic, learning, and interpretative experience.

HCL Technologies and Verizon Business Join Forces to Offer Managed Network Services Globally

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