Latest news with #AkhilGupta
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Business Standard
2 days ago
- Business
- Business Standard
360 One group gets CCI nod to acquire UBS India wealth and lending units
Fair trade regulator CCI on Tuesday approved 360 ONE group's proposal to acquire certain businesses of Switzerland-based multinational investment bank UBS AG. "The proposed combination comprises acquisition of portfolio management services business of Credit Suisse Securities (India) Pvt Ltd in India by 360 ONE Portfolio Managers Ltd and stock broking services and financial product distribution services of CS Securities by 360 ONE Distribution Services Ltd (360 Distribution)," the Competition Commission of India (CCI) said in a release. Credit Suisse Securities (India) is a step-down wholly-owned subsidiary of UBS AG. CCI said it has also cleared a loan portfolio which forms part of lending and financing business of UBS Finance India Pvt Ltd, undertaken as a systematically important non-deposit taking non-banking financial company by 360 ONE Prime Ltd. Additionally, the competition watchdog approved UBS AG's subscription to warrants of 360 ONE WAM representing a 4.95 per cent of the paid up share capital. "CCI approves acquisition of certain businesses of UBS AG by 360 ONE entities," the regulator said in a post on X. In April this year, UBS announced that it entered into an exclusive strategic collaboration with 360 ONE WAM. As part of the collaboration, UBS will transfer its onshore wealth management business in India to 360 ONE. Further, UBS will acquire warrants for a 4.95 per cent stake in 360 ONE. "With this transaction, it opens the way for a global, personalised, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders," Akhil Gupta, Chairman of 360 ONE WAM, said. The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
360 ONE group gets CCI nod to acquire certain businesses of UBS
Fair trade regulator CCI on Tuesday approved 360 ONE group 's proposal to acquire certain businesses of Switzerland-based multinational investment bank UBS AG. "The proposed combination comprises acquisition of portfolio management services business of Credit Suisse Securities (India) Pvt Ltd in India by 360 ONE Portfolio Managers Ltd and stock broking services and financial product distribution services of CS Securities by 360 ONE Distribution Services Ltd (360 Distribution)," the Competition Commission of India (CCI) said in a release. Credit Suisse Securities (India) is a step-down wholly-owned subsidiary of UBS AG. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo CCI said it has also cleared a loan portfolio which forms part of lending and financing business of UBS Finance India Pvt Ltd, undertaken as a systematically important non-deposit taking non-banking financial company by 360 ONE Prime Ltd. Additionally, the competition watchdog approved UBS AG's subscription to warrants of 360 ONE WAM representing a 4.95 per cent of the paid up share capital. Live Events "CCI approves acquisition of certain businesses of UBS AG by 360 ONE entities," the regulator said in a post on X. In April this year, UBS announced that it entered into an exclusive strategic collaboration with 360 ONE WAM. As part of the collaboration, UBS will transfer its onshore wealth management business in India to 360 ONE. Further, UBS will acquire warrants for a 4.95 per cent stake in 360 ONE. "With this transaction, it opens the way for a global, personalised, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders," Akhil Gupta, Chairman of 360 ONE WAM, said. The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
News18
29-06-2025
- Business
- News18
First Time Moving Out? Here's What Every Young Indian Tenant Should Know
Akhil Gupta, Co-founder of NoBroker, advises young Indian tenants to choose practical locations, consider shared living, find side hustles, rent assets, etc. Authored by Akhil Gupta, Co-founder & Chief Product and Technology Officer, NoBroker: Leaving the comfort of parents' home and stepping into adulthood is as challenging as it is exciting. For India's youth, especially those aged 18 to 24, moving out is a chance to leave to get a better education, move out for a new job or just opt to be independent. The 2021 Census of India report says that 3.3 million people migrate within the country for educational purposes. A large chunk of this migration is seen in tier 1 cities, which are a magnet for both students and job seekers. The biggest and most common challenge when migrating is finding the perfect rental place. From budget constraints to unfamiliar neighbourhoods, this phase requires smart decision-making. As someone who has closely witnessed the evolution of India's rental landscape through the lens of a once-home-seeker, here's a guide for young tenants preparing to navigate this new chapter. 1. Choose the Right Location It's natural to be drawn toward popular, upscale neighbourhoods. However, affordability and practicality must be considered over aspiration. While areas like Koramangala in Bangalore, Bandra in Mumbai or Koregaon Park in Pune may seem attractive for their amenities and nightlife, they can strain the budget. Instead, evaluate real needs: proximity to work or college, access to public transport, safety, and essential amenities. Many emerging micro-markets in Indian metro cities offer better value, cleaner environments, and better connectivity at a fraction of the rent. Real estate platforms like NoBroker provide in-depth locality insights, making it easier to assess livability, commute scores, and rental trends before deciding. 2. Consider Shared Living One of the most practical ways to reduce costs is to share your rental spaces. Beyond splitting rent, it helps distribute utility bills, housekeeping costs, and groceries. More importantly, it fosters a support system, especially valuable when you're away from family. This has become much simpler and more accessible with the help of social media groups, rental platforms, and social networking. You can always opt for platforms that offer services at zero brokerage to help save more money. When sharing living spaces, be sure to know the people you are renting with to avoid future conflicts and ensure a comfortable living environment. Also, confirm that each tenant pays rent directly to the owner, as this is important for claiming House Rent Allowance (HRA) under your own name for tax benefits. Try Finding Side Hustles Advertisement Urban living comes with unpredictable expenses, from hefty security deposits, maintenance costs, daily expenses, to emergency repairs. Building a financial cushion through a side hustle can offer security and growth. Remote internships, content creation, part-time teaching, or even niche freelance gigs (like UI design, resume writing, etc.) can help cover your monthly costs while adding credibility to your resume. With ample freelancing platforms, LinkedIn recruitment posts and writing tools, getting a freelancing job from anywhere has become easier now than ever. 4. Buy Less, Rent More One of the biggest mistakes young tenants make is investing in furniture, electronics, or vehicles too early. Unless certain of staying in one place for a few years, renting assets is the smarter, more agile choice. The rise of subscription-based providers for home equipment, essentials, and even vehicles means you can lead a comfortable life without paying extensive prices and heavy EMIs. It also reduces logistical hassles during relocation, something frequent movers in cities like Bangalore, Pune, or Gurgaon can relate to. However, if you are not planning to go abroad for work or for settling and intend to build your career in India, buying assets makes more sense as a long-term investment. advetisement 5. Keep Your Documents Handy From lease agreements to Aadhaar and college IDs, documentation is essential in a new place. Always keep scanned copies of essential documents stored securely online, put your docs on Google Drive. With rental agreements increasingly moving to digital formats, most proptech companies now offer e-signatures and automated verification processes. Being organised can save you time and trouble, especially during landlord negotiations or police verifications. 6. Rent In Gated Communities advetisement While standalone buildings might offer cheaper rent, they often lack essential services and security. Gated societies, on the other hand, come equipped with 24/7 security, maintenance staff, gym, swimming pool, badminton, tennis and football courts, power backup, and better hygiene standards. For first-time tenants, staying on rent and paying additional for lifestyle can be exorbitant initially. With increased verified rental listings in gated communities across top cities, young tenants can access a secure, well-managed lifestyle without paying exorbitant rates. As the Indian rental market matures, young tenants are also getting smarter. They have more tools, platforms, and data than ever to make a calculated move (no pun intended). From hyperlocal rental insights to digital lease management, platforms like NoBroker have made home renting faster, safer, and smarter. When signing a lease, it is essential to carefully review all the clauses to avoid any surprises later. Key points to check include the breakdown between rent and security deposit, so you clearly understand how much you need to pay upfront versus monthly. Moreover, if painting charges are being deducted, ensure that the house is freshly painted. Sometimes, painting charges can cost up to one month's rent. Make sure to check a few online painting service apps that can offer lower charges. Pay close attention to rent hike clauses, which are typically capped at around 5% annually, and get this clarified in advance. Lastly, if your monthly rent exceeds ₹50,000, a 10% Tax Deducted at Source (TDS) applies, so be mindful of the tax implications. Being thorough with your rental agreement can help you avoid unexpected expenses and legal complications down the line. top videos View All It is authored by Akhil Gupta, Co-founder & Chief Product and Technology Officer, NoBroker. The views expressed in this article are those of the author and do not represent the stand of this publication. About the Author Varun Yadav Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : tenant Location : New Delhi, India, India First Published: June 29, 2025, 13:28 IST News business First Time Moving Out? Here's What Every Young Indian Tenant Should Know
Business Standard
12-06-2025
- Business
- Business Standard
Truecaller Launches Secure Calls to Fight Call Spoofing
NewsVoir Bangalore (Karnataka) [India], June 12: Truecaller, the world's leading platform for identity verification and fraud prevention, today announces the launch of Secure Calls, a groundbreaking feature as part of its Truecaller for Business platform. Building upon Truecaller's established Verified Business platform, Secure Calls represents the next level of verification, moving beyond verified business identities to now securing every business call. The solution helps businesses effectively combat the growing issue of call spoofing through a secure call signing process. Truecaller For Business subscribers can now make secure calls to their customers. By performing a secure backend handshake with Truecaller, the app verifies the caller's authenticity, ensuring it is indeed the company and not an impersonator. As a result, Truecaller can confidently label the call as a genuine "Secure Call" originating from a verified entity. This increased transparency empowers consumers to answer calls with greater confidence, further reducing the likelihood of them falling victim to fraud and scams. "At Truecaller, our mission is to build trust in communication," said Fredrik Kjell, Chief Operating Officer at Truecaller. "Spoofed calls erode this trust and cause significant distress. With Secure Calls, we are taking our commitment to verification to the next level. Building on our successful Verified Business identities, Secure Calls now provides call-by-call assurance through an automated signing process. The clear visual indicators within Truecaller will immediately inform users that the incoming call is verified as a Secure Call. This launch underscores our commitment to protecting consumers & empowering businesses to communicate with confidence." NoBroker, one of India's leading proptech companies, has already embraced Secure Calls to reinforce its customer protection strategy. "In an era where scams are evolving rapidly, protecting our customers is no longer optional -- it's an essential trust driver," said Akhil Gupta, Founder and Chief Tech & Product Officer at NoBroker. "At NoBroker, we utilize Truecaller's Secure Calls capability to stay ahead of fraud attempts, avoid scams, and deliver a trusted experience to our users. In addition, it also enables us to display a unique & contextual message to each user in line with their requirements, which is extremely valuable as it helps them prioritize the communication and move ahead with their needs with NoBroker." Key Benefits of Truecaller's Secure Calls - Reduced Spoofing: Makes it significantly harder for fraudsters to impersonate legitimate businesses, through a secure call signing mechanism. - Enhanced Verification: Securing verified business identities for every call they make to their customers. - Increased User Trust: By adding an individual Secure Call signal to the existing verified business identity, Truecaller users now experience an additional layer of verification. - Enhanced Brand Protection: Strengthens the company's reputation by making it more difficult for fraudsters to hijack their brand identity. - Clear Visual Indicators: Receiving users will see distinct visual cues within the Truecaller app, highlighting that the incoming call has been securely signed. Truecaller's Secure Calls feature is rolling out starting today and will be available to businesses globally. Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies, especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users and nearly 3000 large enterprises. Truecaller has been listed on Nasdaq Stockholm since 8 October 2021. For more information please visit is India's first prop-tech unicorn and the largest tech-enabled real estate platform. Founded in 2014, NoBroker's mission is to eliminate brokerage from property transactions by connecting genuine buyers and sellers (NoBroker), tenants and landlords (NoBroker Rent), and providing end-to-end home services (NoBrokerHood, NoBroker Pay, NoBroker Home Services). With over 35 million registered users across 6 metro cities in India, NoBroker is revolutionizing the Indian real estate landscape.
Time of India
12-06-2025
- Business
- Time of India
Truecaller launches feature to prevent business call spoofing menace in India
NEW DELHI: Swedish spam detection and caller ID application Truecaller on Thursday launched the ' Secure Calls ' feature for its enterprise users, enabling them to seamlessly secure every phone call through a call signing process. The company said that the feature for its Truecaller for Business platform is aimed at combating the growing menace of call spoofing . It has already onboarded Indian property technology firm, NoBroker, as its first customer for this feature. By performing a secure backend handshake with Truecaller, the app verifies the caller's authenticity, ensuring it is indeed the company and not an impersonator. As a result, Truecaller can label the call as a genuine "secure call" originating from a verified entity, Truecaller said, adding that this is aimed at reducing the likelihood of common customers falling victim to fraud and scams. 'Spoofed calls erode this trust and cause significant distress. With Secure Calls , we are taking our commitment to verification to the next level. Building on our successful Verified Business identities, Secure Calls now provides call-by-call assurance through an automated signing process,' said Fredrik Kjell, chief operating officer at Truecaller. 'At NoBroker, we utilize Truecaller's Secure Calls capability to stay ahead of fraud attempts, avoid scams, and deliver a trusted experience to our users. In addition, it also enables us to display a unique & contextual message to each user in line with their requirements,' said Akhil Gupta, founder and chief technology & product officer at NoBroker.
