Investors will get a sense of how much more debt India plans to issue in its next Feb 1 budget US and UK
Indian bond traders price in rate cuts this year can be disappointing. Bank of America executives said they would experience a recession.
“Last quarter, the swap market priced in a rate cut in India, which is hard to believe,” Jayesh Mehta, the bank's Indian Treasury Secretary, said in an interview last week.
The country's current account deficit could force the authorities to cut rates, but ``we expect a rate cut soon this year.'' There is no going back,” he said.
Expectations of rate cuts have risen in many countries, with traders already pricing moderately tighter rates and economies such as the US and UK continuing to cut rates.
But Mehta said inflation is stubborn and a slowdown in the U.S. economy will only occur if big companies start layoffs on a large scale.
Still, the 35-year bond veteran sees India's benchmark yield trending lower, in line with market consensus estimating it will fall to 7.18% by the end of the year from about 7.35% on Wednesday.
"Can we go to 7.50%, 7.60%? Yes, we can. But will it stay that way? The answer is no." Indian borrowing needs have increased in the past financial year and market expectations continue to rise, but Mehta sees demand matching supply.
"We had supplies picked up without issue," he said. "And I don't think that will change next fiscal year." I guess. This will be the last serious budget for the country, which is already one of Asia's biggest deficits, before heading into her 2024 elections.
Mehta also sees a shift in government bond holdings, with pension funds and insurance companies becoming more holders of government bonds than banks as the country's economy formalizes.
“Banks may still be the biggest investors, but they are slowly declining,” he said. “This shift from banks to insurance companies to pension funds is already happening.”
News Source: Business d'Or
The entertainment world has said goodbye to many personalities from the worlds of music, film and television in 2023. Scroll down to see all celebrities who have died so far in 2023, including Lisa Marie Presley, Jeff Beck, and more.
News Source: Business d'Or
 |
| Image : Business d'Or |
Gangsta Boo
Rapper Gangsta Boo, formerly of the hip-hop group Three 6 Mafia, passed away on January 1, her representative said Variety. She was 43.
Adam Rich
Adam Rich passed away on January 7. He was a former child actor best known for playing the youngest child in the ABC comedy "Eight Is Enough." He was 54.
Fred White
One of Earth Wind & Fire's two drummers during the band's most prosperous decade, 1974–1984, Fred White passed away on January 9 at the age of 67.
Jeff Beck
One of the most inventive and undoubtedly surprising guitar idols of the 1960s, Jeff Beck passed away on January 10. He was 78.
Ben Masters
Ben Masters, who portrayed Julian Crane in the daytime soap "Passions," passed away on January 11 in Palm Springs, California, from COVID-19 after a protracted battle with dementia. He was 75.
Carole Cook
Carole Cook, a seasoned stage and screen performer who was Lucille Ball's protege, passed away on January 11 in Beverly Hills, California, from heart failure. She was 98.
Robbie Bachman
Robbie Bachman, a co-founder and drummer for the hard-rocking Canadian band Bachman-Turner Overdrive in the 1970s, passed away on January 12 at the age of 69.
Lisa Marie Presley
Elvis Presley's only child Lisa Marie Presley, whose turbulent existence also featured a music career, passed away on January 12 at a hospital in Los Angeles. 54 years old.
United Kingdom & United Arab Emirates reach investment agreement to strengthen energy security.
The UK and UAE governments today confirmed their shared goals for clean energy investment and cooperation by signing the Clean Energy Memorandum of Understanding (MoU).
Content Source: Business d'Or
The UK and UAE governments have signed a Memorandum of Understanding (MoU) which will help facilitate the sharing of technical knowledge, advice, skills and expertise, opening up new avenues for cooperation on energy and climate, while boosting jobs and investment in the UK.
The Clean Energy MoU, which today was signed by the UK Business and Energy Secretary Grant Shapps and the UAE Minister of Energy and Infrastructure, His Excellency Suhail Mohammed Al Mazrouei, during the Abu Dhabi Sustainability Week, will further reinforce the robust economic links between the 2 countries developed in the nations’ 2018 MoU on Cooperation in the Field of Energy.
The MoU has been expanded to encompass the full scope of bilateral co-operation, including the new low carbon super fuel hydrogen. This builds on ADNOC – the UAE’s largest energy company – taking a 25% stake in the design stage of BP’s blue hydrogen project, H2Teesside, last year. It also acknowledges the progress the UAE has made so far on climate action, their ambition for clean energy investment and their call for finding energy solutions with like-minded partners.
Business and Energy Secretary Grant Shapps said:
The UK is immensely proud of its longstanding relationship with the UAE. Today’s latest agreements provide further evidence that not only are we are strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process.
International cooperation on energy and climate with close partners like the UAE is vital and as they take centre stage as hosts of COP28 later this year, they will have our full support every step of the way.
Memorandum of Understanding:
The MoU represents a strengthening of collaboration between the UK and the UAE and follows hot on the heels of the Partnership for the Future (P4F), which was signed during His Highness President Sheikh Mohammed bin Zayed Al Nahyan’s visit to UK in September 2021 and provided a clear statement of our collective energy ambitions.
The P4F is complemented by the existing Sovereign Investment Partnership (SIP), agreed in March 2021 to serve as a coordinated investment framework to grow a future-focused relationship between the two nations, driving economic recovery, jobs and growth.
Content Source: Business d'Or
Six Good Neighbor Clubs in Metro Atlanta received new technology as part of a special MLK Day of Service event that employees and volunteers concluded a two-day initiative with.
In Atlanta The Atlanta Hawks and State Farm teamed up for a special Innovation Expo and Technology Gifting event at the Bessie Branham Park and Recreation Center in Atlanta's Kirkwood area to honour Dr. Martin Luther King Jr.'s legacy of ensuring educational resources for all.
With help from Hawks and State Farm volunteers, 50 students were ushered to various demonstration stations where they learned from IT professionals how various technologies are used. The stations included participating in a 3D printing station, drone station, STEM kit station, and a video editing and mirrorless camera station.
“Today, we proudly honor the life and legacy of Dr. Martin Luther King Jr. and celebrate his vision of providing service, education and resources for all,” said Hawks’ Vice President of Corporate Social Responsibility and Basketball Programs Jon Babul. “Together with our partners at State Farm, and through events like today’s Innovation Expo and Tech Gifting, we are committed to advancing Atlanta’s youth and providing safe spaces where they can learn and grow.”
 |
| Image: Source |
Joining on site to assist were members of Hawks Entertainment including Harry the Hawk, the Flight Crew and the ATL Hawks Dancers.
The event on Friday concluded a larger two-day community service initiative where members of the Hawks and State Farm provided six Good Neighbor Clubs with new technology to increase students’ interest in STEAM (science, technology, engineering, art and math).
"Dr. Martin Luther King Jr.'s influence and legacy continues to inspire us to serve our communities," said Tanya James, Corporate Responsibility Manager at State Farm. I'm here. “We are honored to work with several State Farm employees and our community partner, the Atlanta Hawks, to honor him.
Hawks and State Farm executives worked with six goodneighbor clubs to determine each club's technical and equipment needs.
The Clubs that were recipients included Bessie Branham Park and Recreation Center, Coan Park Recreation Center, Lynwood Park and Recreation Center, N.H. Scott Recreation Center, Ron Anderson Recreation Center, and William Walker Recreation Center.
Items requested included 3D printers, cameras, ceiling projectors, charging stations, drones, flat screen TVs, gaming consoles, laptops, STEM Kits, tablets and more.
“We would like to thank the Atlanta Hawks and State Farm for their generous gift of technology equipment for the Good Neighbor Clubs,” said City of Atlanta Department of Parks and Recreation Community Facility Manager, Andre Brown. “This tech gifting will help us better serve the community in a way that Dr. King elevated the mindset of a nation to bring forth educational resources for all.”
The Hawks and State Farm have led efforts in multiple community-focused initiatives to better serve Metro Atlanta.
In addition to today’s Innovation Expo and Technology Gifting at the Bessie Branham Park and Recreation Center, the Hawks and State Farm have previously teamed up to open seven other Good Neighbor Clubs in locations such as: William Walker Recreation Center in Atlanta, Lucky Shoals Park in Gwinnett, Lynwood Park in Brookhaven, Ron Anderson Recreation Center in Cobb County, Welcome All Park in South Fulton, Coan Park Recreation Center in Atlanta, and N.H. Scott Recreation Center in Decatur.
Unstructured data growth is the most prominent data trend for 2023.
Data storage, especially unstructured data, has kept businesses busy this year. What does this mean for next year's data trends?
This has been an important year for data, especially as businesses collect more and more unstructured data. Let's take a look at the top three trends that stood out in the past year and what awaits the world of data management in 2023.
Content Source: Business d'Or
Trends of 2022
Trend #1: As unstructured data continued to accumulate, many businesses were obliged to think about new methods for regulating the growth and life cycle of data.
The continuous accumulation of unstructured data continues to pose challenges for businesses of all sizes. Many people realize that it may have taken them years to collect their first petabyte of unstructured data, but they quickly accumulated 3 petabytes, then 5 petabytes, then 10 petabytes, and so on. started. As the rate of data growth continues to accelerate exponentially, organizations face challenges related to cost control, risk mitigation (due to threats such as ransomware, insider threats, and human error), and lost opportunities. faced an increase in Additionally, as data ages, employees within an organization have less knowledge of what is stored where and who owns it, exacerbating the problem with employee turnover.
 |
| Image Source: Business d'Or |
Trend #2: Unstructured data storage on NAS systems was still prevalent
When it comes to unstructured data, you’ll still find much of it stored locally on network attached storage (NAS) systems. Many applications -- whether provided by independent software vendors or developed in-house -- are built to read and write data using NAS protocols. When a company replatformed its application to the cloud using object storage, it faced a completely different paradigm. This required an application rewrite using object storage APIs, a task few enterprises had the resources to undertake. As a result, large volumes of data still resided on these on-premises systems in 2022
Trend #3: Major cloud service providers increased the number of vendor-branded file services
Given that enterprise customers are unwilling or unable to rewrite existing NAS-based applications to operate with cloud object storage, public cloud providers formed more relationships with traditional on-premises NAS vendors to offer branded cloud-based managed file services.
The managed file services provided customers three main benefits:
- To transfer their legacy application to the cloud provider's environment, they have a straightforward on-ramp.
- The enterprise customer does not have to change their business to take use of the NAS storage services provided by the cloud provider because the investments made in training, documentation, processes, and management of the conventional NAS systems are kept.
- The cloud provider manages the underlying hardware and operating environment as a managed service, allowing the client to just use the storage service.
Data Trends to Watch in 2023
Trend #1: AI/ML, IoT, and new apps will be major drivers of data accumulation
The need to retain data virtually indefinitely to feed AI/ML processes Data accumulation will increase in 2023. This AI/ML hunger for data is why companies are investing heavily in data collection. Leveraging this data and the insights it provides is expected to maximize business growth opportunities and create competitive advantage.
Nearly every kind of device, now and in the future, will generate massive amounts of data (think IoT). Current and new apps also generate more data and have more end users. Take the number of devices you currently own and multiply by the total number of device users. Additionally, people are creating more content through more applications, fueling the data fire. As this and other data volumes grow, it becomes increasingly important to protect and streamline data management while controlling costs and risks.
Businesses today face a simple choice: store data locally or store it in the cloud. However, next year, many other conditions will have to be taken into account. B. Will you use edge computing (collecting data from multiple locations at the edge of your network) or will you have many remote workstations? Businesses need solutions that help them handle everything in their environment. This is very different than having to manage the main storage system in your data center.
Trend 2: Managing storage costs is becoming a higher priority.
Data values change over time. As the clock advances, the original content is accessed less frequently. Ultimately, records may have little or no access for most organizations. In highly regulated industries such as healthcare and financial services, "old" data cannot be automatically deleted, but neither can it be stored on primary storage as the cost becomes unmanageable.
In 2023, organizations will look to control storage costs by reviewing data migration policies to determine what to do with older data.
Ideally, this review will lead to the implementation of automated data storage and management that is cost-effective and accessible.
Trend #3: AI and ML analyze data trends and characteristics for proactive (and potentially automated) unstructured data management, organization, and optimization of unstructured data storage. provide transformation. Many companies want to know how to create data pipelines to move raw data to other storage systems (such as the cloud) for use in analytical applications. In 2023, ML and AI will become even more of a focus as companies look for ways to take data and apply ML algorithms to it.
For example, there will be automated solutions that allow customers to understand their unstructured data environment before taking necessary business or IT actions. Reports are tailored and streamlined to help users make clear decisions according to their business priorities. Once you have transparency, you can organize your data according to several criteria. B. Data ownership and role, where the data belongs, risk profile, and types of actions taken.
Read More:
Content Source: Business d'Or
The Indian startup ecosystem saw a surge in fundraising activity in 2008-2009, 2014-2015 and 2020-2021 due to multiple pandemic-related lockdowns and low dollar interest rate regimes.
But that all changed in 2022, with total funding plummeting from his $42 billion in 2021 to his $25 billion. Interestingly, despite the slowdown, 2022 turned out to be the year with the best seed funding in eight years. Nearly 41% of all seed funding ($5 billion) raised by Indian startups since 2014 has been secured in 2022.
The Indian startup ecosystem has seen an increase in traditional VC (venture capital) funding for nearly a decade. However, the VC segment is also undergoing significant change as several new companies enter the ecosystem each year and macro disruptions such as pandemics and capital freezes impact the business world.
 |
| Image Source: Link |
Inflection Point Ventures founder and CEO Vinay Bansal said:
Key Seed Funding Trends in 2022:
The early-stage startup ecosystem is still vibrant in 2022. As a result, the seed-stage startup saw a significant increase in deal size and number of secured deals. The top three trends observed in seed-stage funding are: However, since 2020, the scope of seed funding has expanded. As pointed out by Chinmaya Saxena, Community Strategy Partner of BEENEXT, the value of early-stage investments has increased in the meantime, demonstrating investor confidence and prospects for the Indian startup ecosystem.
For example, the best breakaway deal of 2020 was his $35 million raised by media and entertainment startup Public App. Total annual seed funding ranged from $20,000 to $20 million.
Additionally, the most unusual deal in 2021 was $60 million (raised by Zepto), while the total range of seed funding was $30-40 million.
According to data analyzed by Inc42, there were three exceptional deals in 2022 – a $300 million deal for co-working startup Table Space.Aside from these, all other deals are his Stayed in the $10,000 to his $60 million range.
The high end of the seed funding range has continued to grow strongly over the past three years. This has further increased the average ticket size of seed funding in the Indian startup ecosystem.
Enterprise tech was still the most funded sector:
Between 2014 and 2022, his Enterprisetech startups in seed stage won 860 deals. This is the best in any sector. In 2022, the Enterprise Tech Sector closed his 170 deals and raised $444 million.
Bharat Innovation Fund co-founder and managing his partner Kunal Upadhyay said: In the growth stage for the next few years. This provided even more investor confidence during the seed stage. In terms of funding, fintech came in second with his $357 million, followed by proptech with his $316 million.
Seed Funding Continues to Increase Despite Amendments:
Year-over-Year Seed Funding Amount Has Exceptionally Increased from His 2020 to 2022. Total seed funding in 2019 was $255 million, down 43% year-over-year, but increased 60% year-over-year to $410 million in 2020.
2021 sees total investment grow 200% year-over-year to $1.1 billion, driven by surge in new startups, increased seed-stage funding, and more mature returning founders It remained exceptional in terms of seed funding.
The seed funding was then adjusted in 2022 to return to its normal growth trajectory. In contrast to 2021, 2021 saw a 77% year-on-year increase, with total investment he reaching $2 billion. This suggests that during the seed stage, investors returned to making more experimental bets, researching different sectors and identifying new niches.
Key Factors Driving Seed Funding Growth:
Sectors such as cleantech, consumer services, femtech, agritech, transport tech, travel tech, media and entertainment will attract investor interest in 2022. collected. Although the number of deals in these sectors was significantly lower than the top three sectors i.e. enterprise tech, fintech and e-commerce, the investor was more interested in innovation and industry-specific his B2B model in making investments, as well as founding optimistic about their skills. be next.
“A founder's bet early on is very important. That's why we're looking for motivated founders who are aware of market conditions, and who hit their goals regardless of the cycle. When founders have a robust business model based on real consumer insights and can tackle real problems, they can develop a solid foundation and solidify it with capital backing. This will go a long way in helping them survive the fundraising winter and come out victorious,” added Saxena.
Inflection Point Ventures (IPV) Vinay Bansal said he recognizes the importance of gaining an early foothold in high-potential startups, even for stage funds. But the biggest game changer has been the entry of established angel networks and platforms, making it possible to do angel investing in a structured way.
They have processes in place to secure, curate and fund high potential start-ups and make them accessible to a large investor community looking to grow wealth and diversify their portfolios.
“Valuations cooled much earlier because the early stage ecosystem started to slow down before the later stage ecosystem. Once valuations become acceptable to investors, money will flow into early-stage startups.”
Some of the other key factors that have contributed to the rise of seed-stage funding in 2022 are as follows:
- The proliferation of technology and the internet made it easier for entrepreneurs to start and scale businesses. This led to an increase in the number of startups and a need for seed funding to support their growth.
- The success of many tech startups created a culture of innovation and risk-taking, encouraging more people to start their own ventures and seek seed funding support.
- Many angel investors and venture capital firms recognised the value of supporting early-stage startups and established seed funds or joined hands with angel networks.
- With people aspiring for better products, the D2C sector witnessed huge growth and the creation of several brands and new categories
- Fintech and financial inclusion became the most promising sector in the country on the back of ideas with great potential.
What Can We Expect From Seed Stage Startup Funding In 2023?
According to experts, India's seed-stage businesses have a very bright future. Mentoring-led investment models at an early stage might bring about a paradigm shift in the way seed firms mature and scale as the investors' attention shifts to profitability and unit economics for higher valuation rounds.
The Founder's Role Is Critical To Investors:
In 2023, investors should remain optimistic about founders focusing on innovation to solve real problems and build for the world. prize.
BEENEXT's Saxena said it may be difficult to land a round from a company that has not yet demonstrated a strong product market fit and a solid roadmap to profitability and growth. That said, great founders who focus on building great companies will continue to shine long term, regardless of the macrocycle.
"Investors are expected to continue to build their own fundamental insights to test these models against each other. As a result, decision cycles may also lengthen," he said Saxena. said.
Meanwhile, Pranav Pai, founding partner and chief investment officer of 3one4 Capital, has seen seed/early-stage mid-stage/growth rounds with participation by his specialists likely to increase his size. I predict there will be.
“We also expect more Indian capital to enter the VC market as new funds and co-investors build their portfolios more aggressively,” said Mr Pai.
Climatetech He Will Be A Star Sector In 2023: Almost every investor Inc42 has spoken to believes Climatetech will continue to receive attention from early stage investors in his 2023.
According to IPV Bansal Cleantech/Sustainability, the sector will continue to attract funding as clean energy start-ups focused on reducing the carbon footprint of businesses and end-users continue to attract venture capitalists and investors. There is growing interest from
DroneTech Gains Momentum:
