Bhupendra Singh Chundawat
Majesco’s insurance arm and subsidiary company — Majesco, USA, has crushed annual customer conference attendance records, growing nearly 50%. Attendees included industry influencers from insurers, reinsurers, brokers, MGAs and InsurTechs and business leaders from insurance and beyond. This jump in attendance underscores Majesco’s market leadership and the rapid growth in adoption of Majesco’s modern cloud, … Read more
Mumbai : Reliance Industries has reported results for fourth quarter ended March 31, 2019. The company has reported a fall of 1.62% in its net profit at Rs 8,556 crore for the quarter under review as compared to Rs 8,697 crore for the same quarter in the previous year. Total income of the company fell … Read more
Bajaj Finance has launched five digitally-enabled Fixed Deposit service branches in Camp, Nalstop, Fatima Nagar, Pimpri and Aundh area of Pune. The Company plans to open 40-50 branches across the country over the next 12-24 months. These branches are equipped with digital counters, Alexa Kiosks and Wi-fi enabled tabs which will enable the customer to … Read more
GVK Power and Infrastructure’s subsidiaries — GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA) and the National Investment and Infrastructure Fund (NIIF) for an investment in new shares in GVKAHL equating to a 49 percent stake. ADIA and NIIF were … Read more
Bank of Baroda has joined hands with non-bank lender Srei Equipment Finance for infrastructure equipment finance. Iquippo, a non profit started by Srei’s promoters, will facilitate sourcing of loans. The CSR platform has helped disburse $400 million in loans to 70,000 customers. Bank of Baroda is engaged in providing various services, such as personal banking, … Read more
State Bank of India (SBI) is planning to raise $2.5 billion (about Rs 17,000 crore) through bonds to fund expansion of overseas business. The executive committee of the central board will take a decision in this regard on April 24, 2019. SBI is the country’s largest lender and it offers a wide range of services … Read more
Mumbai : Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma unit in Indore SEZ to manufacture pharmaceutical formulations – metered dose inhalers and dry powder inhalers. The company’s plea … Read more
