Latest news with #LCH
Finextra
2 days ago
- Business
- Finextra
CLS unveils redesigned CLSClearedFX service; LCH first CCP to go live
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces a redesign of its CLSClearedFX service, with LCH ForexClear as the first central counterparty (CCP) to go live on the service. 0 CLSClearedFX is a payment-versus-payment settlement service that allows CCPs and their clearing members to effectively mitigate settlement risk when settling cleared FX and derivative trades. The redesigned service leverages the existing CLSSettlement platform, enabling CCPs to connect and submit bilateral settlement instructions on behalf of their clearing members, integrating their flows into the main CLSSettlement session. This integration offers CCPs and their clearing members enhanced risk mitigation, significantly improved operational efficiencies, and greater liquidity benefits through a consolidated settlement model. They also benefit from CLSSettlement's resilient settlement model with robust failure management processes. LCH ForexClear has successfully transitioned to the redesigned CLSClearedFX service, integrating settlements of cleared deliverable FX contracts into the main CLSSettlement session. By joining this enhanced service, LCH ForexClear and its clearing members can eliminate the need for separate workflows and bifurcated funding, thereby reducing the costs associated with settling cleared trades. Tharidu Gamwara - Managing Director, Business Manager - Global Currencies and Emerging Markets Trading, J.P. Morgan said: 'CLSSettlement and LCH ForexClear are industry leading post-trade FX solutions. The operational efficiencies derived from both services will be advantageous to our business, offering multiple benefits that come from cleared FX trades being integrated in the main CLSSettlement session through CLSClearedFX.' Matthew May - Global Head of Market Structure and Non-Financial Risk - FX, EM Rates and Commodities, HSBC said: 'Mitigating risk in the FX market is a major area of focus for our business. As the largest financial market in the world, robust risk mitigation and capital optimization in our FX procedures are vital. With LCH ForexClear joining CLSClearedFX, the benefits of the two services together will be bringing additional efficiency to us and the wider market.' Andrew Cooper, Chief Services Officer, CLS said: 'CLS has created a more efficient service that will benefit central counterparties such as LCH ForexClear and its clearing members. Our redesigned service offering reflects the broader trend of financial institutions focusing on best practice in mitigating FX settlement risk and increasing efficiencies associated with centrally cleared trades. The new service demonstrates benefits we can offer to the wider FX marketplace by leveraging our unique position as a financial market infrastructure and collaborating with established service providers that share the same client base.' Andrew Batchelor, Head of ForexClear, LCH commented: 'LCH ForexClear was developed in response to customer demand for solutions that mitigate counterparty credit risk and provide improved financial resource efficiencies. ForexClear and CLS operating under the new redesigned service, will be instrumental in continuing to provide more efficient risk management in the global FX market. The synergy and robust affinities from joining the main CLSSettlement session via CLSClearedFX will enable us to better serve our clients.'
Time of India
07-07-2025
- Business
- Time of India
Ukraine war, sanctions cast shadow on Indo-Russian joint venture for 200 choppers
Of the 200 choppers, 135 were meant for Army and 65 for IAF BENGALURU: The Indo-Russian joint venture (JV) to manufacture 200 Kamov helicopters in India has remained in limbo as the Ukraine war, Western sanctions on Russia, and post-Covid supply chain disruptions have hampered its progress. India and Russia signed an Inter-Governmental Agreement in 2015. Subsequently, HAL and Russian Helicopters floated a JV - Indo-Russian Helicopters Limited (IRHL) - to implement the project. "The Russians have had their own issues with their war with Ukraine and subsequent sanctions on them. They faced issues securing parts - particularly those previously sourced from Europe. Even the engine was coming from Europe. Now they are testing with their own engine," HAL CMD DK Sunil told TOI, adding that HAL has been told the status of certification would be shared by the end of this year. He said the Russians even agreed to the 70% indigenisation clause but that they needed time. Of the 200 helicopters, 135 are meant for Army and 65 for IAF. "We've asked them for details. At present, it's in a fluid state. We'll wait for their certification status before taking a call," Sunil added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 年最紓壓的農場遊戲！無需安裝 東加：島嶼農場 立即播放 Undo Since the JV remains stalled, HAL is shifting focus to its indigenous platforms - light utility helicopter (LUH), light combat helicopter (LCH), and the upcoming Indian multi-role helicopter (IMRH). Sunil said HAL's new helicopter complex in Karnataka's Tumakuru is already producing LUH and will gradually become the centre of future rotary-wing production. "We've built eight LUHs there already. LCH will move there in a phased manner. Eventually, even IMRH, our 12-tonne-class helicopter, will be built there," he said. The Tumakuru facility, once fully operational, is expected to ease pressure off HAL's Bengaluru helicopter division, which will continue producing advanced light helicopter (ALH) Dhruv.
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Business Standard
01-07-2025
- Business
- Business Standard
Lupin carves out consumer healthcare biz into wholly owned subsidiary
Mumbai-based pharmaceutical major Lupin on Tuesday announced the strategic carve-out of its consumer healthcare business, LupinLife Consumer Healthcare (LCH), into a wholly owned subsidiary. The carve-out will be effective from 1 July 2025, according to the company's regulatory filing on the exchanges. The company said the initiative aligns with its aspiration to establish a specialised consumer healthcare entity, with an enhanced focus on India's rapidly growing self-care market. 'This restructuring will enable enhanced focus with targeted investments, leading to increased consumer impact, market expansion, and accelerated growth,' Lupin said in a statement. Since its inception in 2017, LCH has developed a strong over-the-counter (OTC) portfolio, which includes brands such as Softovac, Beplex Forte, Corcium, and Aptivate. Commenting on the development, Nilesh Gupta, Managing Director at Lupin, said the move reinforces the company's mission of developing high-impact businesses that drive sustained value. While revenue for Lupin's consumer healthcare business is not reported separately, the company recorded a 13.47 per cent rise in total revenue from operations, from ₹2 trillion in financial year 2023–24 (FY24) to ₹2.27 trillion for FY25. The growth in FY25 was led by strong sales and profitability, driven by in-line and new products, along with consistent improvement in operating margins. On Tuesday, Lupin's shares rose 1.21 per cent to close at ₹1,961.30 apiece on the Bombay Stock Exchange (BSE).
Business Upturn
01-07-2025
- Business
- Business Upturn
Lupin carves out LupinLife into separate consumer healthcare subsidiary to focus on OTC consumer wellness market
By Aman Shukla Published on July 1, 2025, 15:28 IST Global pharma leader Lupin Limited has announced a major strategic shift by carving out its consumer healthcare arm, LupinLife Consumer Healthcare Ltd. (LCH), into a wholly owned subsidiary, effective today. The move is aimed at creating a focused, agile entity to tap into India's fast-evolving self-care and over-the-counter (OTC) health product space. LupinLife, launched in 2017, has built a strong footprint in the OTC segment with a science-backed product portfolio that includes well-known brands like Softovac®, Beplex Forte®, Corcium®, and Aptivate®. With this restructuring, Lupin is doubling down on its ambitions to strengthen consumer health offerings and deepen its reach in one of the world's most dynamic wellness markets. The newly carved-out company will be led by Anil Kaushal, who steps in as Chief Executive Officer. Under his leadership, the focus will be on unlocking new growth opportunities, expanding market presence, and scaling investments to drive stronger consumer connect and innovation. Nilesh Gupta, Managing Director, Lupin, stated, 'This strategic move reinforces our mission of developing high-impact businesses that drive sustained value. LCH exemplifies our unwavering dedication to patient-centric care and service to consumers.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
18-06-2025
- General
- Yahoo
Will Greenberg budget to help thousands homeless in Louisville? Call and ask.
Guitarist, singer, songwriter and advocate for veterans Joe Walsh once remarked, 'A homeless veteran should not have to stand at a freeway exit with a cardboard sign. That's not okay.' He's right. In fact, no one should have to live this way. As a Catholic priest, I am guided by my faith and its teaching that housing is a human right. In the following statement, the U.S. Catholic bishops refer to Pope St. John Paul II, who wrote, "A house is much more than a roof over one's head." It is "a place where a person creates and lives out his or her life." And then they add, 'The right to housing is a consistent theme in our teaching. … We believe society has the responsibility to protect these rights, and the denial of housing to so many constitutes a terrible injustice.' The Louisville Coalition for the Homeless (LCH) works daily to correct this injustice and provide housing and support services for veterans and other men, women and children who have nowhere to call home. According to the Coalition for the Homeless, more than 12,000 persons experienced homelessness in our Metro Louisville community in 2024. Housing providers offer shelter for some, but there is simply not enough space for everyone needing somewhere to call home. But there is an opportunity in the drafting of the next Metro Louisville budget. The mayor and Metro Council members could include funding at a level that makes a difference in the lives of many homeless persons. Opinion: Owning a home in Kentucky changed my life. I want that for you, too. We all know that budgets are moral documents in that they reflect the priorities and values of a community and that these priorities have consequences. It is important to ask what priorities will surface as policymakers prepare the 2025-2026 Metro Louisville budget. Will they take into account the needs of homeless persons? I agree with St. John Paul II who wrote that the church 'has a serious obligation to join with those who are working … to find concrete and urgent solutions to the housing problem and to see that the homeless receive the necessary attention and concern on the part of public authorities.' Don't we all, churchgoing or not, really have an obligation to 'see that the homeless receive the necessary attention?' After all, housing is a human right. LCH has launched the Safe and Stable: Housing for All campaign which, along with educational activities, includes a specific funding request of the mayor and Metro Council. The Coalition is requesting an additional $5 million be included in the budget to offer the homeless permanent supportive housing. Opinion | Trump's budget cuts will make housing more expensive in Kentucky The solution to housing all the homeless may appear overwhelming until we look beyond our own individual efforts to help others and know that as a community, we can have a significant impact on the decisions of those elected to represent us. Please consider making one short phone call to your Metro Council member at (502) 574-1100. Emphasize the importance of permanent supportive housing in addressing the lack of affordable housing in our community. Urge that, in addition to what is currently proposed, another $5 million be included to provide permanent supportive housing. Mother Teresa once said, 'We think sometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty.' Making just one phone call addresses 'the greatest poverty' by showing our love and care for homeless brothers and sisters in need. Agree or disagree? Submit a letter to the editor. Rev. Patrick Delahanty is a retired priest of the Archdiocese of Louisville and the former executive director of the Catholic Conference of Kentucky. This article originally appeared on Louisville Courier Journal: Louisville homelessness is injustice Metro Council can right | Opinion
