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Intellect Design Arena features as leader in IDC MarketScape report

Mumbai : Intellect Design Arena has been positioned as a leader in the IDC MarketScape: Worldwide End-to-End Corporate Banking Solution Providers 2019 Vendor Assessment. AI automation, Analytics, APIs, and a focus on cloud-based flexibility and UX are outlined in Intellect’s future strategy reports IDC MarketScape. IDC MarketScape vendor assessment model ... Read More »

Thangamayil Jewellery to open two new branches

Thangamayil Jewellery is all set to open two new branches on April 26, 2019. The 36th branch will be located at Devakottai, Sivaganga District, while 37th branch will be located at Usilampatti – Madurai District. Thangamayil Jewellery is one of the leading jewellery retailers. The Company trades in Gold Jewellery, ... Read More »

Majesco’s arm crushes attendance records at Convergence 2019

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 ... Read More »

GVK Power’s arms ink pact with ADIA, NIIF

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 ... Read More »

Bank of Baroda joins hands with Srei Equipment Finance

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 ... Read More »

SBI planning to raise Rs 17,000 crore via bonds

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 ... Read More »

DCB Bank reports 50% rise in Q4 net profit

Mumabi : DCB Bank has reported results for the fourth quarter and year ended March 31, 2019. The Bank has reported a rise of 50.02% in its net profit at Rs 96.33 crore for the quarter ended March 31, 2019, as compared to Rs 64.21 crore for the same quarter ... Read More »

Reliance Industries’ telecom arm adds 77.93 lakh subscribers in February

Mumbai : Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has added 77.93 lakh customers in February 2019. Following this, the company’s total customer base has increased to 29.72 crore with market share of 25.11%. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon ... Read More »

Hindustan Foods to subscribe 8.46% equity stake in ATC Beverage

Mumbai : Hindustan Foods has received approval to subscribe 8.46% of the paid-up equity share capital of ATC Beverage. The company is subscribing with a view to expand its operations and realizing synergies from the combination of businesses of both companies and devising more comprehensive and integrated solutions. The company ... Read More »

Vodafone Idea loses 57.87 lakh subscribers in February

Mumbai : Vodafone Idea has lost 57.87 lakh customers in February 2019. Following this, the company’s total customer base has decreased to 40.93 crore with market share of 34.58%. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter ... Read More »

MTNL loses 4,652 subscribers in February

Mumbai : Mahanagar Telephone Nigam (MTNL) has lost 4,652 customers in February 2019. Following this, the company’s total customer base has decreased to 34.65 lakh with market share of 0.29%. MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, ... Read More »

Cyient, lndia2022 coalition launches MedTechConnect platform

Mumbai : Cyient in partnership with Xynteo (India2022) have launched MedTechConnect platform, aimed at bringing medtech stakeholders together to address India’s ‘last-mile challenge’ in healthcare and, ultimately, touch millions of lives by 2022 and beyond. MedTechConnect will enable a collaborative ecosystem comprised of stakeholders across the healthcare value chain (start-ups, ... Read More »

CES planning to acquire stake in subsidiary company

CES is planning to acquire substantial stake in one its Subsidiary company. The Board of Directors of the Company at its meeting to be held on April 25, 2019 to consider the same. CES is an Information Technology (IT) and Business Process Management (BPM) company, which provides services that are tailor-made ... Read More »

Rail Vikas Nigam awards contract to Ashoka Buildcon’s JV

Rail Vikas Nigam has awarded a contract to Ashoka Buildcon’s Joint Venture (JV) — ABL-STS JV, wherein Ashoka Buildcon is lead member, for works related to doubling of a railway track in Punjab. The accepted Bid Value of the Project is Rs 443.23 crore with a completion period of 36 ... Read More »