Finance Secretary (India)

Norque to Launch First Blazing Fast, Secure AI and ML-Enabled Blockchain, DEX, CEX, Instant Payment via Cryptocurrency Application and Real Usability Coin/Token with Insurance Integration for Users and Stakeholders

Retrieved on: 
Tuesday, March 19, 2024
DEX, CEX, FTX, SAN, Finance Secretary (India), AI, Insurance, CertiK, ICO, LUNA, Ecosystem, Security, Sustainability, Cryptocurrency, Artificial intelligence, Physical

SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Norque is coming with its ICO around April/May 2024 introducing a pioneering ecosystem that merges blockchain, AI, ML, cryptocurrency, and insurance, marking a first in the sector. Norque aims to bring security, usability, accessibility, and sustainability to the blockchain, Web3, cryptocurrency, and the metaverse.

Key Points: 
  • Norque aims to bring security, usability, accessibility, and sustainability to the blockchain, Web3, cryptocurrency, and the metaverse.
  • In response to the cryptocurrency market's volatility and high-profile failures, Norque presents a novel approach by offering a digital currency with real-world value.
  • It introduces the first AI and ML-driven blockchain tailored for insurance claim settlements, enhancing efficiency and accessibility.
  • Additionally, the project launches NOQ, a token underpinned by real-world assets, enabling purchases across blockchain, crypto, metaverse, and insurance services.

Norque to Launch First Blazing Fast, Secure AI and ML-Enabled Blockchain, DEX, CEX, Instant Payment via Cryptocurrency Application and Real Usability Coin/Token with Insurance Integration for Users and Stakeholders

Retrieved on: 
Tuesday, March 19, 2024
DEX, CEX, FTX, SAN, Finance Secretary (India), AI, Insurance, CertiK, ICO, LUNA, Ecosystem, Security, Sustainability, Cryptocurrency, Artificial intelligence, Physical

SAN FRANCISCO, March 19, 2024 /PRNewswire/ -- Norque is coming with its ICO around April/May 2024 introducing a pioneering ecosystem that merges blockchain, AI, ML, cryptocurrency, and insurance, marking a first in the sector. Norque aims to bring security, usability, accessibility, and sustainability to the blockchain, Web3, cryptocurrency, and the metaverse.

Key Points: 
  • Norque aims to bring security, usability, accessibility, and sustainability to the blockchain, Web3, cryptocurrency, and the metaverse.
  • In response to the cryptocurrency market's volatility and high-profile failures, Norque presents a novel approach by offering a digital currency with real-world value.
  • It introduces the first AI and ML-driven blockchain tailored for insurance claim settlements, enhancing efficiency and accessibility.
  • Additionally, the project launches NOQ, a token underpinned by real-world assets, enabling purchases across blockchain, crypto, metaverse, and insurance services.

Arrowroot Acquisition Corp. Announces Postponement of Special Meeting of Stockholders and New Record Date of Special Meeting of Stockholders

Retrieved on: 
Wednesday, March 13, 2024
ARRW, Common stock, Arrowroot, Proxy, Shareholder, Telephone, DEL, Internet, Special, Finance Secretary (India)

You will need the 12-digit meeting control number that is printed on your proxy card to enter the Special Meeting.

Key Points: 
  • You will need the 12-digit meeting control number that is printed on your proxy card to enter the Special Meeting.
  • The record date for the Special Meeting will be March 13, 2024.
  • The previous submission of proxies also will not affect your right to vote in the event that you attend the Special Meeting.
  • Please note, however, that attendance alone at the Special Meeting without voting will not be sufficient to revoke a previously authorized proxy.

Direct air capture company CarbonCapture Inc. closes $80 million Series A financing

Retrieved on: 
Tuesday, March 12, 2024
Microsoft, Boston Consulting Group, Automation, Finance Secretary (India), Climate change, McKinsey & Company, Growth, JPMorgan Chase, Science, Climate Pledge Fund, Meta, Stripe, Carbon, Investment, DAC, Hydrogen, Ecosystem, LOS, Renewable energy, Siemens Financial Services

CarbonCapture develops, manufactures, and deploys highly scalable solid sorbent DAC systems based on its patented modular open systems architecture.

Key Points: 
  • CarbonCapture develops, manufactures, and deploys highly scalable solid sorbent DAC systems based on its patented modular open systems architecture.
  • "We are excited to support the growth of CarbonCapture Inc., an innovative company advancing the scalability and accessibility of carbon removal."
  • "Aramco Ventures is very pleased to support CarbonCapture's unique, modular direct air capture platform," said Chris Haase, Investment Director of Aramco Ventures.
  • "Siemens Financial Services is proud to collaborate with CarbonCapture Inc. as they take a leading role commercializing direct air capture in the US," said Steffen Grosse, CEO of Equity Finance, Siemens Financial Services.

US monetary policy is more powerful in low economic growth regimes

Retrieved on: 
Tuesday, April 2, 2024
Tao, Research Papers in Economics, Excess, American Economic Journal, Doan, Policy, RT, Interpolation, Economic growth, Absorption, Business, E32, Low, Browning, European Economic Review, UST, NBER, Forecasting, Macroeconomics, European Economic Association, Journal of Monetary Economics, Journal of Applied Econometrics, TVAR, Oxford University Press, Time series, Economic Inquiry, Paper, Linearity, Joshua Angrist, Nobuhiro, Environment, Political economy, Journal of Financial Economics, Rated R, R2, Website, Emi, Energy economics, Probability, Medical classification, Eurozone, Sigismund, Quarterly Journal of Economics, Zero lower bound, History, Nature, Chapter, ZT, Journal of Political Economy, Bocconi University, OLS, Statistics, University of California, Irvine, PDF, Classification, ECB, XS, ITP, Impact, Estimation, DGP, Mark Thoma, Social science, Elsevier, JEL, Cambridge University Press, Real, M1, Research, Textbook, Private sector, FED, Credit, UTT, Literature, Federal Reserve, Knotek, Evelyn Regner, Table, European Central Bank, Chow, FRED, Monetary economics, Wald, Ben Bernanke, Premium, P500, BIS, EWMA, International Economic Review, Federal funds rate, Money, Treasury, C32, The Economic Journal, Federal Reserve Economic Data, Employment, Risk, FFR, Suggestion, FOMC, Monte Carlo method, Sigmoid, VAR, Database, Projection, Ascari, The Journal of Finance, Yield curve, United States Treasury security, Economy, Fed, Figure, NFCI, Financial economics, EXP, Freedom, Central bank, PCE, Monetary policy, American Economic Review, Exercise, Interest, Samuel, URR, Rigidity, Business cycle, XT, Landing slot, Chap, Daron Acemoglu, Markov, Blue chip, Kuttner, Response, Quarterly Journal, YT, Channel, GDP, Standard, Effect, Federal, Cost, Christian Social Union (UK), Journal of Econometrics, Comm, Mark Gertler, Use, Economic statistics, IW, Bank for International Settlements, Finance Secretary (India), UC, Bank, Reproduction, Section, News, Housing, Data, Food industry
Key Points: 

    The impact of regulatory changes on rating behaviour

    Retrieved on: 
    Tuesday, April 2, 2024
    Długosz, Disagreement, Pi bond, Direct lending, Key, Research Papers in Economics, Finance Secretary (India), University of Oxford, STS, Journal of Economic Perspectives, International, American Economic Review, Life, Columbia Business School, British Academy of Management, Risk assessment, ABS, Rating, EBA, Development, Reputational damage, OBS, CRA, Bond credit rating, Cras, Journal of Monetary Economics, CDO, Becker, Paper, 2007–2008 financial crisis, Raja, University, Environment, Journal of Financial Economics, Perception, H3, Website, Securitization, Working paper, Market, Collection, Total, European Banking Authority, Quarterly Journal of Economics, BBB, Whetten, Column, ESMA, European Journal, Issuer, Asset quality, Information revolution, Federal Reserve Bank, OLS, Statistics, PDF, Private, ECB, Surety, Weighted-average life, CCC, European Commission, Social science, Journal of Financial Stability, JEL, Real, Bias, Journal, Research, Classification, Certification, Commission, Credit, The Journal of Finance, Literature, Karel Škréta, European Central Bank, AA, Finance Research Letters, Origination (telephony), Monetary economics, Section 5, Xia, Kraft Foods, Government, AAA, Mukherjee, Finance, Deku, DOI, White, Risk, IOSCO, MBS, OECD, Wang, Section 4, University Challenge 2013–14, Section 3, Ashcraft, Financial management, Accounting, Financial economics, Fannie Mae, Conference, Pressure, Central bank, Griffin, University of Michigan, Systematic review, EPRS, Freddie Mac, Loan, BCBS, Palgrave Macmillan, R2, Microeconomics, Quarterly Journal, Financial statement analysis, The Japanese Economic Review, Christian Social Union (UK), Green, University of Huddersfield, PSM, Management, Security (finance), Security, Civil service commission, Private placement, American Economic Journal, GFC, Reproduction, IMF, Small business, Trustee, Data

    Abstract

    Key Points: 
      • Abstract
        We examine rating behaviour after the introduction of new regulations regarding Credit Rating
        Agencies (CRAs) in the European securitisation market.
      • There is empirical evidence of rating catering in the securitisation market in the pre-GFC period (He et al.,
        2012; Efing and Hau, 2015).
      • Competition among
        CRAs could diminish ratings quality (Golan, Parlour, and Rajan, 2011) and promotes rating shopping by
        issuers resulting in rating inflation (Bolton et al., 2012).
      • This paper investigates the impact of the post-GFC regulatory changes in the European
        securitisation market.
      • In 2011, in addition to the creation of
        European Securities and Markets Authority (ESMA), a regulatory and supervisory body for CRAs was
        introduced.
      • We examine how rating behaviours have changed in the European securitisation market after the
        introduction of these new regulations.
      • We utilise the existence of multiple ratings and rating agreements between
        CRAs to identify the existence of rating shopping and rating catering, respectively (Griffin et al., 2013; He
        et al., 2012; 2016).
      • We find that the regulatory changes have been effective in tackling conflicts of interest between issuers
        and CRAs in the structured finance market.
      • Rating catering, which is a direct consequence of issuer and
        CRA collusion, seems to have disappeared after the introduction of these regulations.
      • There is empirical evidence of rating catering in the securitisation market in
        the pre-GFC period (He et al., 2012; Efing and Hau, 2015).
      • Competition among CRAs could diminish ratings quality (Golan, Parlour,
        and Rajan, 2011) and promotes rating shopping by issuers resulting in rating inflation (Bolton et
        al., 2012).
      • This paper investigates the impact of the post-GFC regulatory changes in the European
        securitisation market.
      • In 2011, in addition
        to the creation of European Securities and Markets Authority (ESMA), a regulatory and
        supervisory body for CRAs was introduced.
      • We find that the regulatory changes have been effective in tackling conflicts of interest
        between issuers and CRAs in the structured finance market.
      • Rating catering, which is a direct
        consequence of issuer and CRA collusion, seems to have disappeared after the introduction of
        these regulations.
      • Investors who previously demanded higher spreads for rating agreements for a
        multiple rated tranche, did not consider the effect of rating harmony as a risk in the post-GFC
        period.
      • Regarding rating shopping, we find that the effectiveness of the changes has been limited,
        potentially for two reasons.
      • Additionally, we also find that rating over-reliance might still be an issue, especially
        Rating catering is a broad term and it can involve rating shopping.
      • They re-examine the rating shopping and rating
        catering phenomena in the US market by looking at the post-crisis period between 2009 and 2013.
      • Using 622 CDO tranches, they also observe the existence of rating shopping and the diminishing
        of the rating catering.
      • Firstly, our main focus is the EU?s CRA Regulation and its effectiveness in reducing
        rating inflation and rating over-reliance.
      • To the best of our knowledge, this paper is the first to
        examine the effectiveness of the EU?s CRA regulatory changes on the investors? perception of
        rating inflation in the European ABS market.
      • Hence, the coverage and quality of our dataset constitutes significant addition
        to the literature and allows us to test the rating shopping and rating catering more authoritatively.
      • The following section reviews the literature
        on securitisation concerning CRAs and conflicts of interest, and outlines the regulatory changes
        introduced in the post-GFC period.
      • Firstly, ratings became ever more important as the Securities and
        Exchange Commission (SEC) 5 began heavily relying on CRA assessments for regulatory purposes
        (i.e.
      • the investment mandates that highlight rating agencies as the main benchmark for investment
        eligibility) (SEC, 2008; Kisgen and Strahan, 2010; Bolton et al., 2012).
      • issuers) as one of the main explanations for the rating inflation (He et al., 2011; 2012; Bolton
        et al., 2012; Efing and Hau, 2015).
      • Bolton et al., (2012) demonstrate that competition
        promotes rating shopping by issuers, leading to rating inflation.
      • The last phase, CRA III, was implemented in mid-2013 and involves an additional
        set of measures on reducing transparency and rating over-reliance.
      • As mentioned above, rating inflation can be caused by rating shopping
        In order to be eligible to use the STS classification, main parties (i.e.
      • The higher the difference in the number of ratings for a
        given ABS tranche, the greater the risk of rating shopping.
      • Alternatively, the impact of the new
        regulations could be limited when it comes to reducing rating shopping.
      • This is because, firstly,
        the conflict of interest between securitisation parties is not necessarily the sole cause for the
        occurrence of rating shopping.
      • L is a set of variables (Multiple ratings, CRA reported, Rating agreement) that
        we utilise interchangeably to capture the rating shopping and rating catering behaviour.
      • Hence, issuers are incentivised to report the highest possible rating and
        ensure each additional rating matches the desired level.
      • All in all, our results suggest that
        the new stricter regulatory measures have been effective in tackling conflicts of interest and
        reducing rating inflation caused by rating catering.
      • Self-selection might be a concern in analysing the impact of the
        new measures and investors? response with regard to the rating inflation.
      • This
        result is in line with the earlier findings suggesting that regulatory changes have reduced investors?
        suspicion of rating inflation and increased trust of CRAs.
      • Conclusion
        Several regulatory changes were introduced in Europe following the GFC aimed at tackling
        conflicts of interest between issuers and CRAs in the ABS market.
      • Utilising a sample of 12,469
        ABS issued between 1998 and 2018 in the European market, this paper examined whether these
        changes have had any impact on rating inflations caused by rating shopping and rating catering
        phenomena.
      • We find that the
        effectiveness of the changes has been more limited on rating shopping potentially for two reasons.
      • Tranche Credit Rating is the rating reported for a tranche at launch.

    Roscan Gold Announces Debt Settlement and Proposed Financing

    Retrieved on: 
    Wednesday, February 21, 2024
    TSX Venture Exchange, Person, USD, Finance Secretary (India), Note, Gold, CAD, Indian stock exchange, Legislation, Debt settlement, ROS, Offering, Security (finance)

    Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ("Roscan" or the "Company") is pleased to announce that it has agreed to settle (the "Debt Settlement") an aggregate of USD$1,005,000 debt owed to an arm's length creditor through the issuance of a secured convertible promissory note (the "Note").

    Key Points: 
    • Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Roscan Gold Corporation (TSXV: ROS) (FSE: 2OJ) (OTCQB: RCGCF) ("Roscan" or the "Company") is pleased to announce that it has agreed to settle (the "Debt Settlement") an aggregate of USD$1,005,000 debt owed to an arm's length creditor through the issuance of a secured convertible promissory note (the "Note").
    • The Note issued pursuant to the Debt Settlement shall be secured by way of a general security agreement providing security ranking subordinate to the other secured indebtedness of the Company, over all of the present and after-acquired property of the Company.
    • It is expected that insiders of the Company will participate in the Offering for CAD$400,000 principal amount of Convertible Notes.
    • All securities issued in connection with the Offering and the Debt Settlement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

    Graphene Manufacturing Group ISO 9001:2015 Certification, Demonstrating Commitment to Quality Management

    Retrieved on: 
    Tuesday, February 20, 2024
    ISO, The Company, RSU, GMG, Certification, Finance Secretary (India), News, Donald Duck filmography, Option, Audit

    This achievement underscores GMG's commitment to providing its customers with the highest quality products and services, while continuously improving its internal processes.

    Key Points: 
    • This achievement underscores GMG's commitment to providing its customers with the highest quality products and services, while continuously improving its internal processes.
    • The ISO 9001 certification process involved a rigorous assessment of GMG's quality management system, covering all aspects of its operations, from customer service to production, delivery, and technical support.
    • The benefits of ISO 9001 certification for GMG include:
      - Enhanced customer satisfaction through improved product and service quality.
    • GMG is committed to maintaining its ISO 9001 certification and continuously improving its quality management system.

    Cielo Announces Closing of First Tranche of Private Placement of Convertible Debenture Units

    Retrieved on: 
    Monday, March 11, 2024
    Issue date, Exchange, Finance Secretary (India), Debenture, Principal, Debt, News, Finder, Sale, Calendar, Private, Carbon, Indian stock exchange, Convertible, Placement, Conversion, Private placement, Convertible bond, Forced conversion, NEWS, Acceleration, CMC, Security (finance)

    CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement"). The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.

    Key Points: 
    • CALGARY, Alberta, March 11, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce the closing of the first tranche (“Tranche 1”) of its previously announced non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of C $1,000 per Convertible Debenture Unit for aggregate gross proceeds of up to C $5,000,000 (the "Private Placement").
    • The Company anticipates that it will close subsequent tranches of the Private Placement in the coming weeks.
    • “The closing of this first tranche of our Private Placement represents a great start to reaching the targeted proceeds,” said Ryan Jackson, Cielo’s CEO.
    • Pursuant to the closing Tranche 1, the Company issued 560 Convertible Debenture Units for gross proceeds of C $560,000, consisting of 560 Convertible Debentures and 1,400,000 Warrants.

    Dyadic Announces Closing of Private Placement of $6.0 Million Convertible Notes to Accelerate Near-Term Revenue Growth and Commercialization

    Retrieved on: 
    Monday, March 11, 2024
    Senior, Finance Secretary (India), Note, C1, Common stock, Growth, Sale, Common, Form, Health, Convertible, Clinical trial, Human, VWAP, Security (finance)

    The Convertible Notes will be senior, secured obligations of Dyadic and its affiliates, and interest will be payable quarterly in cash on the principal amount equal to 8% per annum.

    Key Points: 
    • The Convertible Notes will be senior, secured obligations of Dyadic and its affiliates, and interest will be payable quarterly in cash on the principal amount equal to 8% per annum.
    • The Convertible Notes will mature on March 8, 2027 (the “Maturity Date”), unless earlier converted, repurchased, or redeemed in accordance with the terms of the Convertible Notes.
    • The Convertible Notes will be convertible into shares of Dyadic’s Class A common stock (the “Common Stock”), at the option of the holders of the Convertible Notes (the “Noteholders”) at any time prior to the Maturity Date.
    • “I would like to extend our gratitude to long-term shareholders for their steadfast support.