Posts in category Business Standard
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.
Coal India’s capex rises 6.5% to Rs 19840 cr in FY2024 (16-04-2024)
Coal India's (CIL) capital expenditure as whole has risen by 6.5% on year to Rs.19,840 crore ending FY 2024, the highest till date. Comparatively, the capex was Rs. 18,619 crore in the preceding fiscal year. CIL achieved 120% target satisfaction over the year's capex target of Rs. 16,500 crore. For the fourth fiscal on sequence CIL's capex breached the budgeted target.
Coal India’s capex rises 6.5% to Rs 19840 cr in FY2024 (16-04-2024)
Coal India's (CIL) capital expenditure as whole has risen by 6.5% on year to Rs.19,840 crore ending FY 2024, the highest till date. Comparatively, the capex was Rs. 18,619 crore in the preceding fiscal year. CIL achieved 120% target satisfaction over the year's capex target of Rs. 16,500 crore. For the fourth fiscal on sequence CIL's capex breached the budgeted target.
Happy Forgings bags multi-year order for supply of brake flanges (16-04-2024)
With order value estimated at Rs 500 cr till 2034
Quick Wrap: Nifty IT Index declines 2.58% (16-04-2024)
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Market slides for 3rd day; Nifty ends below 22,150 (16-04-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 456.10 points or 0.62% to 72,943.68. The Nifty 50 index lost 124.60 points or 0.56% to 22,147.90. In three trading sessions, the Sensex shed 2.79% while the Nifty 50 declined 2.66%.
Sasken Technologies forges strategic partnership with JOYNET (16-04-2024)
Sasken Technologies and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.
Sasken Tech rises after inking pact with Joynext (16-04-2024)
Sasken Technoloies jumped 2.96% to Rs 1571.80 after the company announced a strategic partnership with Joynext to collaborate for the development of automotive industry.
Mutual fund assets soar 35% to new peak of Rs 53.4 trillion in FY24 (16-04-2024)
The mutual fund assets surged by Rs 14 lakh crore or 35 per cent year-on-year to a record Rs 53.40 lakh crore in FY24, propelled by the growing participation of retail investors and buoyant equity markets.
This percentage gain was the highest since fiscal 2021 when the industry had grown by 41 per cent, the Association of Mutual Funds in India (Amfi) said in its annual report.
The robust gain in the industry's assets under management (AUM) was also replicated in the growth of investors in mutual funds, with the number of folios closing at a record high of 17.78 crore, adding an investor base of around 4.46 crore.
Women comprised about 23 per cent of investors, while men accounted for around 77 per cent.
The adoption of systematic investment plans (SIPs) continued to rise, with monthly net inflows touching about Rs 19,300 crore in March 2024. For fiscal 2024, net inflows through SIPs stood at Rs 2 lakh crore, showing increasing investor confidence and a disciplined investing ...
J&K Bank appoints Fayaz Ganai as CFO (16-04-2024)
Jammu & Kashmir Bank announced that its board has appointed Fayaz Ahmad Ganai as the chief financial officer (CFO) of the bank for three years with effect from 16 April 2024.