IDFC AMC launches AI powered equity portfolio

IDFC AMC, an asset manager today said it has launched Neo Equity Portfolio, a unique PMS powered by artificial intelligence (AI) and big data analysis.
The portfolio will analyse data from multiple traditional and non-traditional sources available in the public domain to identify stock opportunities.
The fund is benchmarked against S&P BSE 200 index and the minimum investment size is of Rs 1 crore.
"Neo is a pioneering initiative in bringing AI techniques in equity fund management to Indian investors," Vishal Kapoor, CEO, IDFC AMC said.
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ECGC signs MoU with COSEC of Portugal

Mumbai: ECGC signed a memorandum of understanding (MoU) with COSEC, the export credit agency of Portugal which aims at developing the cooperation between the Portuguese and Indian export credit agencies to increase the mutual trade of goods and services between the two countries.

This MoU includes exchange of information and mutual assistance and cooperation in training staff and organisation of workshops on export credits matters.
********************************* First Data appoints Anil Kapur as head of global biz solutions
Mumbai: First Data,a global leader in commerce-enabling technology, today announced that Anil Kapur has joined the organisation as head of global business solutions for India. First Data is a leading card issuing processor and merchant acquirer in India.
Kapur will be based in Mumbai and will join the regional leadership team for Ivo Distelbrink, executive vice president, head of APAC for First Data.
Anil's leadership will be invaluable as we embark on our next set of growth initiatives for our First Data business in India, Distelbrink said.

************************* Maha govt will form dist committee for GST, digital payments
Mumbai: Confederation of All India Traders today said Maharashtra government is constituting district level committee to boost adoption and acceptance of goods and services (GST) and digital payments.
This committee, comprising of senior government officials and representatives of CAIT, will regulate and monitor acceptance of GST and digital payments among trading community and will also assist to resolve GST related issues at district level, a release issued here said.