Monday, July 22, 2019

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Standard Chartered to set up IBU in GIFT IFSC

Standard Chartered will become the first foreign bank to launch operations at International Financial Services Centre (IFSC) located in Gujarat International Finance Tec –...

WinZO announces $1.5 million fund

The fund will be used to promote game developers and India's mobile gaming ecosystem. WinZO, India’s largest vernacular e-sports gaming platform, announced a $1.5MM fund...

Venture Catalysts invests in Vested

Vested enables Indian investors to invest in the US stock market. India's first, largest and pioneering integrated incubator and accelerator platform, recently invested in Vested,...

HDFC Bank Q1 net profit up by 21% at INR 5,568...

Net interest income for the quarter grew by 22.9% to INR 13,294.3 crore. The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian...

Hiranandani Group forays into Data Centre Parks

Yotta is a Managed Data Centre Service Provider that designs, builds, and operates large-scale hyper density Uptime Institute Certified Tier 4* Data Centre Parks...

Steelbird Helmets records 80% growth

Steelbird, with 3 state of art plants, has a manufacturing capacity of 22,000 helmets per day. With the recent notifications by the government to improve...

ICICI Bank launches InstaBIZ

InstaBIZ allows customers to avail as many as over 115 products and services in a digital and secure manner on their mobile phone or...

MyMoneyMantra raises INR 104 crore

MyMoneyMantra has served 4 million customers across India. MyMoneyMantra, omnichannel financial services distributor, announced an equity capital investment of INR 104 crore from IFSD...

CRISIL reaffirms A1+ rating to Piramal CHFL

This follows its recently assigned highest rating A1+ to Piramal Enterprises for Short-Term NCDs of Rs 1500 crores & its Commercial Paper Programme amounting...

EMURGO Academy signs MoU with REVA University for Blockchain course

Through this collaboration, EMURGO Academy will train students in blockchain technology with internationally aligned curriculum. EMURGO Academy, the education arm of EMURGO, has signed a...

Unicorn India announces second equity fund 

Unicorn India Ventures will be raising capital for Fund II from institutional and large family offices in India and overseas and start deploying it...

D Mart Q1 net profit up by 33.8% at INR 335...

Standalone Total Revenue for the quarter up by 26.8% at Rs. 5,781 crore. Avenue Supermarts Ltd. (ASL), the company behind F&G chain Dmart, declared its...

S&P Global expands operations in India

S&P Global, provider of ratings, benchmarks, analytics and data to capital and commodity markets worldwide, has opened its Orion office in Hyderabad. Orion, a one-of-a-kind...

Model Tenancy Act, 2019 like RERA may become a process rather...

Mumbai had the highest number of vacant homes with nearly 4.8 lakh units, followed by Delhi and Bengaluru with nearly 3 lakh homes each. India’s...

Airtel offers free access to online courses in partnership with Shaw...

Airtel Platinum customers to get FREE access to one year courses worth Rs 6000 as part of their plan benefits. As part of the fast...
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Samsung partners with Apollo Hospitals to launch mobile clinic

People in rural areas will receive free-of-cost access to primary screening. Samsung India Electronics and Apollo Hospitals Group  launched the ‘Samsung-Apollo Mobile Clinic’ to provide...

Annai Infra Developers gets SEBI approval to float IPO

Tamil Nadu based Annai Infra Developers Limited, a major player in Water Management and Irrigation EPC – Engineering, Procurement and Construction segment, has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering.

The capital markets regulator issued its final observations on Annai Infra Developers Ltd’s IPO proposal on July 12, 2019, according to information on the SEBI website. Annai Infra Developers Ltd had filed its draft red herring prospectus for the IPO with SEBI on March 30, 2019 this year.

The total IPO size is about Rs 200-250 crore. The IPO will be an offer for sale by Subramaniam Ashok Kumar and Duraisamy Kalaiselvi who are the promoters of the Company.

Pantomath Capital Advisors (P) Ltd are the book running lead managers and LINKIntime are the registrar to the issue to the issue.

The shares of Annai Infra Developers Ltd. are proposed to be listed on BSE Limited and National Stock Exchange Limited.

Piramal Capital launches housing finance business in MP

Piramal Capital & Housing Finance Limited (PCHFL), the wholly owned subsidiary of Piramal Enterprises Limited, today announced its foray in Madhya Pradesh with the launch of its housing finance business in Indore.

‘Indore is an important growth market for PCHFL. We are excited to partner with developers & channel partners to strengthen their business and offer housing finance solutions to their customers. Currently, the housing finance business contributes ~10% to PCHFL’s overall loan book, which is expected to increase to 15-18% by March 2020’ informed Khushru Jijina, Managing Director, PCHFL.

PCHFL has 16 branches across 15 cities and will start housing finance operations in Navi Mumbai and Palava in the coming 3-6 months.

Aegon Life Insurance appoints Satishwar Balakrishnan

Aegon Life Insurance announced the appointment of Satishwar Balakrishnan as the new Chief Financial Officer (CFO) of the company. With over two decades of experience in the Insurance and Finance Industry, Satishwar joins Aegon Life from IndiaFirst Life.

‘With addition of Satishwar’s vast experience, we are confident in the ability of our experienced management team to lead Aegon life Insurance into a new phase of profitable growth’ informed Vineet Arora, CEO, Aegon Life

On his appointment, Satishwar shares ‘I look forward to leverage my experience within the life insurance industry to attain and set new achievements and benchmarks’.

Satishwar is a Chartered Accountant by qualification.

 

 

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