State Bank of India

KKR Invests in Shriram General Insurance

Retrieved on: 
Monday, April 11, 2022

KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

Key Points: 
  • KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.
  • KKRs investment will position Shriram General Insurance for continued growth in Indias fast-growing general insurance industry.
  • View the full release here: https://www.businesswire.com/news/home/20220411005340/en/
    Founded in 2008, Shriram General Insurance is a joint venture between Shriram Capital, the holding company for Shriram Groups financial services business and Sanlam Limited, a leading pan-African financial services group.
  • Shriram General Insurance is a Jaipur-based 13-year-old company licensed with the IRDAI (Insurance Regulatory and Development Authority of India).

British High Commissioner to India sets out vision for Free Trade Agreement at State Bank of India economic conclave

Retrieved on: 
Tuesday, March 15, 2022

An SBI-FICCI economic conclave was held with heads of industry, business groups and the British High Commissioner to India.

Key Points: 
  • An SBI-FICCI economic conclave was held with heads of industry, business groups and the British High Commissioner to India.
  • The British High Commissioner to India suggested now was the time to reset trade relations between the two powerful democracies.
  • The State Bank of India also celebrated its centenary of operations in the UK.
  • The British High Commissioner to India, HE Alex Ellis presented the expectations for the UK-India Free Trade Agreement.

India Credit Card Market Report 2022 Featuring State Bank of India, HDFC Bank, ICICI Bank Limited, Kotak Mahindra Bank, American Express and City Bank - ResearchAndMarkets.com

Retrieved on: 
Monday, March 14, 2022

The "Credit Card Market in India 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Card Market in India 2022" report has been added to ResearchAndMarkets.com's offering.
  • The volume of credit card transactions is projected to expand at a CAGR of ~26.43% during the forecast period.
  • In FY 2021, a significant increase in the value of credit card transactions was witnessed.
  • Commercial banks in India such as State Bank of India, HDFC Bank Limited, and ICICI Bank Limited, and Kotak Mahindra Bank Limited, as well as international firms such as American Express and City Bank are the major players in the market.

Treasury and Risk Management Software Market: Segmentation by Deployment (on-premises and cloud-based) and Geography (North America, Europe, APAC, South America, and MEA)--Forecast till 2026|Technavio

Retrieved on: 
Monday, February 7, 2022

Adenza Group Inc. - Offers treasury and risk management software which includes sheet, funding, investment, and cash management activities on one modern platform.

Key Points: 
  • Adenza Group Inc. - Offers treasury and risk management software which includes sheet, funding, investment, and cash management activities on one modern platform.
  • Fidelity National Information Services Inc.- Offers treasury and risk management software such as FIS Treasury and Risk Manager Integrity Edition and FIS Treasury and Risk Manager Quantum Edition.
  • The treasury and risk management software market share growth in North America will be significant during the forecast period.
  • In APAC, China and Japan are the two most important markets for treasury and risk management software.

Global Smart Ticketing Market Outlook to 2026: Rambus, Softjourn, Vix Technology and Conduent Dominate

Retrieved on: 
Thursday, December 23, 2021

The global smart ticketing market was valued at USD 12.36 billion in 2020, and it is expected to reach USD 25.33 billion by 2026, registering a CAGR of 12.9%, during the period of 2021-2026.

Key Points: 
  • The global smart ticketing market was valued at USD 12.36 billion in 2020, and it is expected to reach USD 25.33 billion by 2026, registering a CAGR of 12.9%, during the period of 2021-2026.
  • Smart ticket, as a substitute to the traditional paper-based ticketing, gained traction in recent times, owing to the emphasis on the digitization of ticketing processes.
  • Technological advancements in smart ticketing have propelled businesses to adopt technologies like RFID, NFC, QR code, and barcode in Germany.
  • The rise of smartphones equipped with NFC technology has introduced the necessary infrastructure for smart ticketing across the industries in the region.

$3.74 Billion Global Data Lakes Market Expected to Grow at a CAGR of 29.9% Between 2021 and 2026

Retrieved on: 
Wednesday, December 22, 2021

The Data Lakes Market was valued at USD 3.74 billion in 2020 and is expected to reach USD 17.60 billion by 2026, at a CAGR of 29.9% over the forecast period 2021 - 2026.

Key Points: 
  • The Data Lakes Market was valued at USD 3.74 billion in 2020 and is expected to reach USD 17.60 billion by 2026, at a CAGR of 29.9% over the forecast period 2021 - 2026.
  • One of the primary drivers in the market is the speed of data retrieval is better for data lakes compared to data warehouses.
  • The proliferation of data due to the adoption of IoT is driving the market growth for the data lakes market.
  • The slow onboarding, the complexity of legacy data, higher upkeep costs, and data integration on data lakes is restricting market growth to an extent.

Stratus Announces General Availability of the 2nd Generation ztC Edge Platform, Delivering More Flexibility and Performance to the Edge

Retrieved on: 
Wednesday, December 1, 2021

Stratus Technologies , the global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the general availability and shipping of the Stratus ztC Edge 200i and 250i platforms.

Key Points: 
  • Stratus Technologies , the global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the general availability and shipping of the Stratus ztC Edge 200i and 250i platforms.
  • The 2nd generation ztC Edge delivers up to 2X performance over the prior generation and continues to combine built-in application virtualization, fault tolerance, and zero-touch operation to enable digital transformation at the edge.
  • Both the ztC Edge 200i and 250i are available for shipping and may be ordered through Stratus extensive network of Authorized Partners and distributors.
  • The 2nd generation ztC Edge addresses the market need for more powerful, fault tolerant Edge Computing that runs continuously without the need of IT personnel.

Stratus Demonstrates Turnkey Edge Control Architectures and Immersive Edge Experience at Rockwell Automation’s Automation Fair®

Retrieved on: 
Tuesday, November 2, 2021

Stratus Technologies , a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced that it will showcase its 2nd generation Solution-in-a-Box control architecture running PlantPAx on ztC Edge and the industrys first immersive Edge Computing experience, Stratus ECX , at Rockwell Automations Automation Fair, November 9-11 in Houston, TX.

Key Points: 
  • Stratus Technologies , a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced that it will showcase its 2nd generation Solution-in-a-Box control architecture running PlantPAx on ztC Edge and the industrys first immersive Edge Computing experience, Stratus ECX , at Rockwell Automations Automation Fair, November 9-11 in Houston, TX.
  • All industries are looking for turnkey solutions to scale control and automation at the edge, said Stephen Greene, Vice President of Global Business Development and Marketing at Stratus.
  • Working closely with Rockwell Automation, we are delivering validated architectures that save engineering time, enable rapid deployment, and simplify OT and IT management.
  • The following 2nd Gen Solution-in-a-Box architecture is validated and approved by Rockwell Automation and Stratus for deployment by end users and SIs:

Stratus and Xage Address Critical Infrastructure Cybersecurity at the Industrial Edge

Retrieved on: 
Tuesday, October 5, 2021

Stratus Technologies , a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the validation of Xage Security Fabric on the Stratus ztC Edge computing platform following performance testing conducted by Xage Security .

Key Points: 
  • Stratus Technologies , a global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the validation of Xage Security Fabric on the Stratus ztC Edge computing platform following performance testing conducted by Xage Security .
  • Xage is integrating the Stratus ztC Edge and Stratus ftServer computing platforms into its edge, enterprise, and cloud operations.
  • Edge Computing is a critical foundation for effective cybersecurity in Industry 4.0 environments, and Xage and Stratus are meeting todays challenges head-on.
  • This Stratus customer-only trial includes the Xage Security Fabric and the use of a preconfigured on-premises Xage Node, leveraging ztC Edge, for enforcement.

Stratus Announces 2nd Generation Zero-touch Edge Computing Platform Offering More Flexibility and 2X Performance to Simplify, Protect, and Automate the Edge

Retrieved on: 
Tuesday, August 31, 2021

The new ztC Edge offers up to 200% greater performance over the prior generation.

Key Points: 
  • The new ztC Edge offers up to 200% greater performance over the prior generation.
  • The ztC Edge platform is a rugged, secure, highly automated Edge Computing platform that protects and delivers critical applications quickly, reliably, and efficiently in distributed, under-resourced locations, supporting increased operational efficiency and elimination of downtime.
  • Jason Andersen, Vice President of Business Line Management said, Since its introduction, our ztC Edge platform has enabled our customers to dramatically simplify their edge infrastructure, gain efficiency, and drive innovation.
  • For more details about the ztC Edge 200i and 250i, visit the Stratus ztC Edge page .