L&T Hydrocarbon Secures Major Offshore Project in the Middle East
In a major win, Larsen & Toubro’s hydrocarbon business, L&T Energy Hydrocarbon (LTEH), has bagged offshore project orders totaling a whopping Rs 15,000 crore in the Middle East. The prestigious contract involves the comprehensive development of a large offshore platform seamlessly integrated with existing facilities, signaling a significant milestone for L&T in global offshore project execution. The undisclosed client’s nod to this mega order underscores L&T’s prowess and its commitment to expanding its footprint in the strategically vital Middle East region. This accomplishment solidifies L&T’s position as a key player in the hydrocarbon industry, with a focus on excellence, innovation, and global recognition.
Pandemic have-a-go investors force shake-up in UK wealth market
The explosion in DIY investing since the start of the pandemic has led to a scramble among Britain’s more traditional asset managers and banks to buy or build online platforms that give consumers more direct control of their investment portfolios.
Robinhood IPO faces threat of retail snub on Reddit
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on social media forums against its initial public offering.
Britain sets out vision for post-Brexit financial services
Britain’s finance minister set out his vision for financial services on Thursday, saying Brexit was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets.
Orange to launch experimental 5G network amid telecom rush to the cloud
Orange (ORAN.PA) said on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise.
Ether sees record outflows in last week of June -CoinShares
Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies, according to data on Monday from digital asset manager CoinShares.
Visa to buy Swedish fintech Tink for $2.2 billion
Visa Inc (V.N) said on Thursday it had agreed a 1.8 billion euro ($2.2 billion) takeover of European open banking platform Tink, months after it ditched a planned acquisition of the startup’s U.S. rival Plaid.
China’s Ant highlights distinction between NFTs and cryptocurrencies
China’s Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
Biden sees work needed to address problems created by big tech firms -White House
U.S. President Joe Biden believes steps are needed to safeguard privacy, bolster innovation and deal with other problems created by big technology platforms, the White House said on Tuesday, signaling his support for legislation concerning Big Tech.
In Indonesian banking, rise in religious conservatism ripples across sector
A rise in religious conservatism in Indonesia is drawing talent away from what some view as un-Islamic jobs in banking, industry professionals say, creating hiring woes for conventional banks but a boon for the country’s fledgling sharia finance sector.
