R Swathi

267 published stories

R Swathi is a reporter for Business Tabloid specializing in banking, technology, and energy sectors, hailing mostly across the regions of Middle East and Asia Pacific. She exhibits a profound passion for consistent learning and personal growth.

Leadership

Isabella Bank Appoints Insider Jerome Schwind as Executive Chief

Michigan-based Isabella Bank Corp said it appointed insider Jerome Schwind as Chief Executive Officer on Tuesday, replacing Jae Evans. Schwind took over his new role on January 5. Schwind has been with the firm since 1999, serving in various leadership roles, contributing to the growth and development of the bank. He, most recently, served as Bank […]

R Swathi24 January 20241 min read

Technology

Reveal Expands to APAC Region, Opens New Office in India

The software developer Reveal opened a new office in India on Monday, to venture into the Asia-Pacific (APAC) region as well as enhance the efficiency of legal services in India. The firm said it in the ribbon-cutting ceremony held in the firm’s new Indian headquarters in Telangana. The new office will focus on software development, […]

R Swathi23 January 20241 min read

Technology

Hyundai Motor, Kia Launches Active Air Skirt Technology for EVs

Automotive firm Hyundai Motor in collaboration with its subsidiary Kia Corp, on Monday, launched Active Air Skirt (AAS) technology to minimize the aerodynamic resistance encountered during high-speed driving and improve the driving range as well as driving stability of electric vehicles (EVs). AAS controls the airflow entering through the lower part of the bumper and […]

R Swathi23 January 20241 min read

Energy

Tata Steel to Layoff nearly 2500 roles, Also Restructures to Green Steelmaking

Mining firm Tata Steel said it will initiate transformation and restructuring of its UK business, by initially laying off about 2,500 job positions across the region in the next 18 months. The company said the job cuts will affect an additional termination of 300 roles after the initial round of layoffs, affecting an overall 2,800 […]

R Swathi22 January 20241 min read

Banking

South African Banks Displays Resistance to Economic Challenges in 2024

S&P Global Ratings published a report forecasting the banking sector of South Africa recently, where it anticipates gross domestic product (GDP) growth to below 1.0% in 2023 and about 1.5% in 2024. South African banks are currently facing issues related to reform progress, electricity crisis, imminent elections, external refinancing risks as well as the country’s […]

R Swathi22 January 20242 min read

Banking

UnionBank Collaborates with Informatica to Uplift Customer Experience in Cloud

Financial service provider UnionBank of the Philippines collaborated with Informatica, a software developer, on Thursday, to adapt Informatica’s master data management (MDM) software as a service (SaaS) as UnionBank shifts from an on-premises solution to the cloud as part of the bank’s cloud digital transformation strategy. Master data management involves creating a single master record […]

R Swathi19 January 20241 min read

Finance

GPay India Partners with NPCI International for Global Expansion of UPI

Financial service provider NPCI International Payments Ltd (NIPL) signed a memorandum of understanding (MoU) with Indian-grown Google Pay on Wednesday, to expand the impact of unified payments interface (UPI) worldwide and to reduce the dependency on conventional money transfer channels by simplifying remittances. The firm said through this collaboration, it aims to broaden the use […]

R Swathi19 January 20241 min read

Lounge Interview

Journey of Yasmina, Human-Like AI Assistant: Exclusive Conversation with Samer Mohamad

1. Could you provide a brief overview of Yasmina and its primary purpose as an AI-powered smart assistant? We built Yasmina as a human-like, culturally savvy smart assistant that goes beyond basic tasks like setting reminders, playing music, or sharing useful information. In addition to all of the above, Yasmina works as a smart home […]

R Swathi19 January 20245 min read

Technology

Silynxcom Closes Initial Public Offering of 1.3 Mln Shares

Communications accessories maker Silynxcom Ltd, on Wednesday, closed its initial public offering of 1.25 million shares at a price of $4 per share, for gross proceeds of $5 million before deducting underwriting discounts and before offering expenses. Headset manufacturer said it has provided the underwriter a 45-day option to purchase up to an additional 187,500 ordinary […]

R Swathi18 January 20241 min read

Leadership

Mercedes-Benz Cars Middle East Names Michael Stroband as Executive Chief

Luxury car maker Mercedes-Benz Cars Middle East appointed insider Michael Stroband as its new Chief Executive Officer succeeding Martin Schulz, on Wednesday. The firm said Stroband will lead the expansion of Mercedes-Benz General Distributor Network in Latin America and Southeast Asia for the Commercial Van segment, as well as focus on enhancing customer experience and […]

R Swathi18 January 20241 min read

Energy

Vertiv Establishes New Manufacturing Facility, In Chakan, Pune

Electronic manufacturer Vertiv expanded its footsteps to Chakan, Pune, India, on Wednesday, by opening a manufacturing facility. This is the third facility in India, joining existing manufacturing facilities in Ambernath and Pune. This unit aims to meet the rising demand for data centres and support infrastructure solutions globally, including India and the APAC region, said […]

R Swathi17 January 20241 min read

Finance

Prosperity Bancshares to Buyback 5% of Bancshares

Prosperity Bank’s parent firm Prosperity Bancshares, on Tuesday, said it is organizing a stock buyback program, where the firm will repurchase about 5% which is 4.7 million shares of its outstanding stock over one year, which will expire on January 16, 2025. The financial service provider said under this program, the repurchase will be made […]

R Swathi17 January 20241 min read