Posts in category Business Standard
Benchmarks suffer 3rd straight session of losses; Nifty below 22,150 (16-04-2024)
Stock markets got slammed today for a third straight session, with the Nifty 50 falling below 22,150. IT and banking stocks dragged the benchmarks, spooked by a nasty cocktail of worries. Rising US bond yields, a record-low Rupee, and simmering Middle East tensions. Foreign investors are pulling out of Indian shares, and strong US retail sales data is stoking fears of delayed US interest rate cuts.
Dynacons Systems wins contract of Rs 233 cr from NABARD (16-04-2024)
Dynacons Systems & Solutions announced its latest achievement in securing a significant contract worth Rs. 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states.
Dynacons Systems wins contract of Rs 233 cr from NABARD (16-04-2024)
Dynacons Systems & Solutions announced its latest achievement in securing a significant contract worth Rs. 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states.
Veranda inks strategic agreement with Pearson (16-04-2024)
To collaborate on content creation and delivery of resources for test preparation and higher education in India
Veranda inks strategic agreement with Pearson (16-04-2024)
To collaborate on content creation and delivery of resources for test preparation and higher education in India
Nifty April futures trade at premium (16-04-2024)
NSE India VIX rose 1.18% as shares declined.
Nifty April futures trade at premium (16-04-2024)
NSE India VIX rose 1.18% as shares declined.
Heating equipment maker JNK India’s set to open its IPO on April 23 (16-04-2024)
Heating equipment maker JNK India Ltd is set to open its initial public offering (IPO) on April 23.
The initial share-sale will conclude on April 25 and the bidding for anchor investors will open for a day on April 22, according to the red herring prospectus (RHP) filed on Tuesday.
The IPO is a combination of fresh issue of equity shares worth up to Rs 300 crore and an Offer-for-Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder.
Those offloading shares in the OFS are promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd and Mascot Capital and Marketing Pvt Ltd. -- and a shareholder Milind Joshi.
Proceeds from the fresh issue will be used for funding working capital requirements and for general corporate purposes.
JNK specialises in process-fired heaters, commanding a market share of about 27 per cent within the Indian heating equipment market for new order bookings during fiscal year 2023, according to F&S Report.
As of ..
Heating equipment maker JNK India’s set to open its IPO on April 23 (16-04-2024)
Heating equipment maker JNK India Ltd is set to open its initial public offering (IPO) on April 23.
The initial share-sale will conclude on April 25 and the bidding for anchor investors will open for a day on April 22, according to the red herring prospectus (RHP) filed on Tuesday.
The IPO is a combination of fresh issue of equity shares worth up to Rs 300 crore and an Offer-for-Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder.
Those offloading shares in the OFS are promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd and Mascot Capital and Marketing Pvt Ltd. -- and a shareholder Milind Joshi.
Proceeds from the fresh issue will be used for funding working capital requirements and for general corporate purposes.
JNK specialises in process-fired heaters, commanding a market share of about 27 per cent within the Indian heating equipment market for new order bookings during fiscal year 2023, according to F&S Report.
As of ..
Aditya Birla Capital launches its omnichannel D2C platform ‘ABCD’ (16-04-2024)
Backed by scalable infrastructure, user-friendly and intuitive interface, and robust functionalities, the platform offers a simple and differentiated experience across all touch points including mobile app, website, branches, and virtual engagement channel. Guided by a Maximum Viable Product approach, the ABCD D2C platform offers a comprehensive
portfolio of 22 products and services, including facilities of a payment platform - such as UPI, bill payment, and online recharges, with financial services like loans, insurance, and investments along with comprehensive personal finance tracking such as 'My Track' among others. The platform also features ABCD's own stack of products such as Portfolio
Consolidator, Spend Analyzer, Digital Health Assessment among others, and Payment solutions to address the diverse needs of customers through a single platform.