Latest news with #StateStreetCorporation
Business Standard
21-07-2025
- Business
- Business Standard
the^delta prize launches ₹5.25 crore national challenge to power local foodpreneurs and advance India's women-led development goals
PRNewswire Bengaluru (Karnataka) [India], July 21: the^delta prize has launched the aahaar bazaar challenge, a ₹5.25 crore nationwide incentive competition to unlock the potential of India's home-based women food entrepreneurs and help them grow thriving, revenue-generating businesses by tapping into local and regional market demand. The challenge is granted by State Street Foundation, the philanthropic arm of State Street Corporation. This mission aligns closely with India's national priorities on women-led development, particularly the government's Lakhpati Didi initiative, the PM Formalisation of Micro Food Processing Enterprises (PMFME) scheme, and efforts under Digital India and Skill India. Together, these aim to strengthen the economic agency of women, especially in rural and low-income urban communities. India's packaged food market is expected to grow from USD 2.8 billion in 2023 to USD 6.4 billion by 2029, driven by consumer appetite for healthier, artisanal, and locally rooted products. Yet, despite producing high-quality, regionally significant food products from their homes, most women entrepreneurs remain locked into subsistence-level operations, often earning less than ₹4,000 a month and selling only within a 2 km radius. Over 90% of women-owned businesses in India generate under ₹10 lakh annually, keeping them outside the fold of even 'micro' enterprises by formal standards. The aahaar bazaar challenge, spanning over 18 months, seeks to change this by identifying and backing scalable, technology-first solutions that empower home-based women foodpreneurs to improve business readiness, achieve compliance, upgrade packaging, increase digital visibility, and access new customer segments across local and regional markets. "There's already a strong entrepreneurial spirit among many women in India, and these women are not waiting to be empowered," said Kanishka Chatterjee, Managing Director of the^delta prize. "The problem is not aspiration; it's access. These women are running viable businesses from their kitchens. With this challenge, we're creating conditions for recognition, revenue, and resilience by enabling them to move from invisibility to economic inclusion, while fueling India's broader vision of women-led development." The challenge offers a total prize purse of ₹5.25 crore to reward impactful tech models that can unlock income growth and long-term business viability for thousands of home-based women food entrepreneurs. "At State Street Foundation, we believe that access, when coupled with the right tools, networks, and know-how, can shift the trajectory of livelihoods for home-based women entrepreneurs in India. Our grant support to the^delta prize on the aahaar bazaar challenge is rooted in that belief. By backing solutions that expand market access and enable sustained revenue growth, we aim to support thousands of these women 'foodpreneurs' to move from the margins to meaningful economic inclusion, on their own terms, and at scale," said Joan Christel, President, State Street Foundation. Beyond financial rewards, the aahaar bazaar challenge provides access to a powerful support ecosystem including ACT Grants, Acumen, IIMA Ventures, Villgro, RangDe, Mann Deshi, GAME, Frontier Markets, PRADAN, LEAD at Krea University, Nasscom Foundation, The Udaiti Foundation, Udyogini, Sauramandala Foundation, Aapti Institute, i-Saksham, iSPIRT, Project Potential, Navgurukul, deAsra, and The/Nudge Institute. The challenge is also guided by a distinguished advisory council comprising Chetna Gala Sinha, Founder of Mann Deshi Foundation, Gayathri Vasudevan, Chairperson of LabourNet, Rituparna Chakraborty, Co-founder of TeamLease, and Sharad Sharma, Co-founder of iSPIRT Foundation. Participants will also benefit from mentorship by Dhiren Kanwar, Founder of Zaad Ventures, a veteran in the retail and food innovation space, who will guide scale-up and branding strategies. Applications are now open to solution providers across domains such as food-based marketplaces, packaging, retail intelligence, logistics, compliance tech, and small business services. To learn more and apply, visit: About the^delta the^delta enables entrepreneurs to create social impact at scale. Through our incubator, accelerator and grand challenges, we provide capital, mentorship and ecosystem support to early-stage, livelihoods-focused, impact-first entrepreneurs.
Malaysian Reserve
21-07-2025
- Business
- Malaysian Reserve
the^delta prize launches ₹5.25 crore national challenge to power local foodpreneurs and advance India's women-led development goals
BENGALURU, India, July 21, 2025 /PRNewswire/ — the^delta prize has launched the aahaar bazaar challenge, a ₹5.25 crore nationwide incentive competition to unlock the potential of India's home-based women food entrepreneurs and help them grow thriving, revenue-generating businesses by tapping into local and regional market demand. The challenge is granted by State Street Foundation, the philanthropic arm of State Street Corporation. This mission aligns closely with India's national priorities on women-led development, particularly the government's Lakhpati Didi initiative, the PM Formalisation of Micro Food Processing Enterprises (PMFME) scheme, and efforts under Digital India and Skill India. Together, these aim to strengthen the economic agency of women, especially in rural and low-income urban communities. India's packaged food market is expected to grow from USD 2.8 billion in 2023 to USD 6.4 billion by 2029, driven by consumer appetite for healthier, artisanal, and locally rooted products. Yet, despite producing high-quality, regionally significant food products from their homes, most women entrepreneurs remain locked into subsistence-level operations, often earning less than ₹4,000 a month and selling only within a 2 km radius. Over 90% of women-owned businesses in India generate under ₹10 lakh annually, keeping them outside the fold of even 'micro' enterprises by formal standards. The aahaar bazaar challenge, spanning over 18 months, seeks to change this by identifying and backing scalable, technology-first solutions that empower home-based women foodpreneurs to improve business readiness, achieve compliance, upgrade packaging, increase digital visibility, and access new customer segments across local and regional markets. 'There's already a strong entrepreneurial spirit among many women in India, and these women are not waiting to be empowered,' said Kanishka Chatterjee, Managing Director of the^delta prize. 'The problem is not aspiration; it's access. These women are running viable businesses from their kitchens. With this challenge, we're creating conditions for recognition, revenue, and resilience by enabling them to move from invisibility to economic inclusion, while fueling India's broader vision of women-led development.' The challenge offers a total prize purse of ₹5.25 crore to reward impactful tech models that can unlock income growth and long-term business viability for thousands of home-based women food entrepreneurs. 'At State Street Foundation, we believe that access, when coupled with the right tools, networks, and know-how, can shift the trajectory of livelihoods for home-based women entrepreneurs in India. Our grant support to the^delta prize on the aahaar bazaar challenge is rooted in that belief. By backing solutions that expand market access and enable sustained revenue growth, we aim to support thousands of these women 'foodpreneurs' to move from the margins to meaningful economic inclusion, on their own terms, and at scale,' said Joan Christel, President, State Street Foundation. Beyond financial rewards, the aahaar bazaar challenge provides access to a powerful support ecosystem including ACT Grants, Acumen, IIMA Ventures, Villgro, RangDe, Mann Deshi, GAME, Frontier Markets, PRADAN, LEAD at Krea University, Nasscom Foundation, The Udaiti Foundation, Udyogini, Sauramandala Foundation, Aapti Institute, i-Saksham, iSPIRT, Project Potential, Navgurukul, deAsra, and The/Nudge Institute. The challenge is also guided by a distinguished advisory council comprising Chetna Gala Sinha, Founder of Mann Deshi Foundation, Gayathri Vasudevan, Chairperson of LabourNet, Rituparna Chakraborty, Co-founder of TeamLease, and Sharad Sharma, Co-founder of iSPIRT Foundation. Participants will also benefit from mentorship by Dhiren Kanwar, Founder of Zaad Ventures, a veteran in the retail and food innovation space, who will guide scale-up and branding strategies. Applications are now open to solution providers across domains such as food-based marketplaces, packaging, retail intelligence, logistics, compliance tech, and small business services. To learn more and apply, visit: About the^delta the^delta enables entrepreneurs to create social impact at scale. Through our incubator, accelerator and grand challenges, we provide capital, mentorship and ecosystem support to early-stage, livelihoods-focused, impact-first entrepreneurs. Learn more at PR Contact:Name: Preyashi Roy Email ID: Photo:
Yahoo
18-07-2025
- Business
- Yahoo
State Street CTO moves to CIO role
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: State Street Corporation tapped Andrew Zitney to serve as EVP and CIO, effective this week, the bank told CIO Dive on Thursday. Zitney, a State Street veteran, served for five years as the bank's CTO and became interim CIO following the departure of Brian Franz, who moved to The Estée Lauder Companies, where he now holds a leadership position as chief technology, data and analytics officer. 'Andy brings extensive experience and expertise leading cutting-edge technology and driving transformation, underscoring our commitment to advancing our technology, supporting business growth and fostering innovation through responsible AI,' State Street COO Mostapha Tahiri said Wednesday on LinkedIn. Dive Insight: The leadership change comes amid seismic shifts in financial sector technology strategy triggered by AI adoption and ongoing modernization at State Street. The bank prioritized investments in AI and automation technologies three years ago, after launching a cloud-based, wealth-management data platform leveraging Microsoft Azure infrastructure in 2020. State Street further expanded its cloud estate and streamlined its data center footprint as part of a 2023 AWS alliance. Digital transformation remains front and center for the firm, executives said Tuesday, during the bank's Q2 2025 earnings call Tuesday, for the period ending June 30. 'We continue to invest in technology and infrastructure to modernize our platforms while enhancing data delivery and user experience,' Mark Keating, State Street EVP and interim CFO, said. The bank's information systems and communications expenses increased 11% year over year during the second quarter to $523 million, according to Keating. During the same three-month period, State Street saw annual recurring revenue for its cloud-based platform grow 10% year over year to $379 million. 'We are pleased with our ongoing success in transitioning clients to our cloud-based SaaS platform,' said Keating. As CTO, Zitney oversaw infrastructure, engineering, enterprise architecture and end-user experience, according to the bank's website. Prior to his appointment to CIO, the bank published a report highlighting the importance of unlocking legacy data for modern AI applications. 'Institutional investors are at a pivotal moment in their data transformation journey,' Joerg Ambrosius, president of investment services at State Street, said in the June report. 'What our research confirms is that a holistic data strategy is no longer a competitive advantage — it is becoming a baseline expectation.' Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Business Wire
15-07-2025
- Business
- Business Wire
State Street Corporation (NYSE: STT) Reports Second-Quarter 2025 Financial Results
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its second-quarter 2025 financial results today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, A conference call to discuss the firm's financial results, outlook and related matters will be held at 12:00 p.m. ET today, Tuesday, July 15, 2025. The call will be open to the public. The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 805 309 0220 (Participant Passcode: 1408453#). Following the conference call, a replay will be available on State Street's Investor Relations website for approximately one month. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $49.0 trillion in assets under custody and/or administration and $5.1 trillion* in assets under management as of June 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at *Assets under management as of June 30, 2025 includes approximately $116 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Yahoo
15-07-2025
- Business
- Yahoo
State Street Corporation (NYSE: STT) Reports Second-Quarter 2025 Financial Results
BOSTON, July 15, 2025--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its second-quarter 2025 financial results today. The news release, presentation and additional financial information can be accessed on State Street's Investor Relations website, A conference call to discuss the firm's financial results, outlook and related matters will be held at 12:00 p.m. ET today, Tuesday, July 15, 2025. The call will be open to the public. The conference call will be accessible on State Street's Investor Relations website, and by telephone at (+1) 805 309 0220 (Participant Passcode: 1408453#). Following the conference call, a replay will be available on State Street's Investor Relations website for approximately one month. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $49.0 trillion in assets under custody and/or administration and $5.1 trillion* in assets under management as of June 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at *Assets under management as of June 30, 2025 includes approximately $116 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. View source version on Contacts Investor Contact:Elizabeth Lynn+1 617 664 3477Media Contact:Carolyn Cichon+1 617 664 8672 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
