Ugro Capital jumps on receiving corporate agency license from IRDAI

Lenore Staats

Ugro Capital rose 3.19% to Rs 95.50 after the company said it received Corporate Agency license (Composite) from the Insurance Regulatory and Development Authority of India (IRDA) on 25 September 2020.

Under the said license, the company shall be entitled to tie up with life and general insurance companies to distribute their insurance products in line with various directions/guidelines issued by IRDA.

The scrip has surged 28.01% from its 52-week low of Rs 74.60 hit on 24 March 2020. The announcement was made post trading hours on Friday, 25 September 2020.



On a standalone basis,

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Square commits $100 million to boost Black-owned banks and businesses

Lenore Staats

  • Square, the mobile payment company cofounded and led by Jack Dorsey, announced Thursday a $100 million investment to address racial inequality in the financial world.
  • The company will commit $25 million to four areas including The Black Economic Development Fund, which funds Black-led financial institutions and businesses.
  • The news follows Dorsey’s August donation of $10 million to Boston University’s Center for Antiracist Research.
  • Other companies like Mastercard, Citi, and Costco have recently pledged millions to address racial inequality in the US.
  • Visit Business Insider’s homepage for more stories.

Financial services and mobile payment company Square announced on Thursday its plan

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Should You Use a Personal Loan for Your Business?

Lenore Staats

Many small businesses are dealing with worst-case scenarios during the coronavirus pandemic: Revenue is down as lenders have tightened up borrowing standards.

When a company has maxed out a business line of credit and can’t get a conventional business loan, a personal loan may cover payroll or vendor invoices.

Entrepreneurs can be so passionate that “they will do anything to keep (their companies) going, whether that’s a good idea or not,” says Brooke Lively, president and founder of Cathedral Capital, which provides chief financial officer services for small businesses.

Here is a look at why a personal loan may or

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Is Wide-Spread Use of AI & Machine Intelligence in Manufacturing Still Years Away?

Lenore Staats

According to a new report by PMMI Business Intelligence, artificial intelligence (AI) and machine learning is the area of automation technology with the greatest capacity for expansion. This technology can optimize individual processes and functions of the operation; manage production and maintenance schedules; and, expand and improve the functionality of existing technology such as vision inspection.

While AI is typically aimed at improving operation-wide efficiency, machine learning is directed more toward the actions of individual machines; “learning” during operation, identifying inefficiencies in areas such as rotation and movement, and then adjusting processes to correct for inefficiencies.

The advantages to be

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EB-5 fund invests $50M in Hialeah warehouse park — looking for more Florida projects

Lenore Staats

An EB-5 investment firm searched the state for a potential prosperous development, and decided to bet on a Hialeah warehouse project. And it has another $125 million to drop.

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CanAm Enterprises, founded 33 years ago in Canada, invested $50 million into the Countyline Corporate Park project in August. The money will fund construction of 1.2 million square feet of warehouse space. Flagler Global Logistics, a subsidiary of the Downtown Miami-based development and investment firm Florida East Coast Industries, is developing the 8.4 million-square-foot industrial park running from Northwest 154th to 170th streets and Northwest 97th to 107th avenues

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