Posts in category Business Standard
Software firm Trust Fintech raises Rs 5.42 cr in pre-IPO funding round (23-02-2024)
Software solutions provider firm Trust Fintech Ltd on Friday said it has raised Rs 5.42 crore in a pre-IPO funding round.
Earlier this month, the company filed preliminary papers for the Initial Public Offering (IPO) and the shares are expected to be listed on NSE Emerge in March.
The IPO will be a fresh issue of 62,82,000 equity shares.
Tejas Goenka, MD of Tally Solutions; Nitin Sathawane, Head of Business at Mphasis Canada; Ramnath Raikar, former Treasury Head at HDFC Bank and Sameer Gupte, MD at NSDL Data Management Ltd were among the investors who participated in the funding round, according to a release.
The Nagpur-headquartered company provides core banking SaaS products and fintech software solutions around ERP implementation and customised software solution development, SAP B1 and Offshore IT services for the BFSI sector.
The company intends to utilise IPO proceeds for various purposes, including for establishing a new development facility at Mihan SEZ in Nagpur, and fundi
Orchid Pharma jumps after receiving USFDA nod for Exblifep injections (23-02-2024)
Orchid Pharma rallied 5.76% to Rs 1,217.20 after the company has received an approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Exblifep(Cefepime and Enmetazobactam injections).
Nifty February futures trade at premium (23-02-2024)
HDFC Bank, ICICI Bank and Reliance Industries were the top traded contracts.
Crypto wrap: Bitcoin sees profit booking after touching $1 trn market cap (23-02-2024)
The focus this week shifted towards Ethereum, as it led prices ahead of Bitcoin and crossed the crucial $3,000 level before falling
Quick Wrap: Nifty Media Index rises 1.36% (23-02-2024)
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Godrej Inds board OKs raising Rs 1,000 cr via NCDs (23-02-2024)
Godrej Industries announced that its management committee of the board has approved the allotment of non-convertible debentures (NCDs) aggregating to Rs 1,000 crore on private placement basis.
Euro Retreats From 3-Week High Against Dollar; Set For Weekly Gain (23-02-2024)
Euro retreated from a three-week high against the dollar on Friday after having scaled up to near $1.09 in the previous session. Recovery in dollar overseas is adding pressure on the single common currency. EURUSD is quoting at $1.0829, down marginally on the day but set for a weekly gain of almost 0.36%. The dollar index that measures the greenback against a basket of currencies is renewing gains after staying subdued for the week. FOMC earlier in the week showed most FOMC officials remain wary of cutting interest rates "too quickly." The minutes of the late-January meeting said participants acknowledged risks to achieving the Fed's employment and inflation goals were moving into better balance, but they remained highly attentive to inflation risks. Meanwhile, German economy contracted as estimated in the fourth quarter on weaker investment, revised data from Destatis showed on Friday. Gross domestic product slid 0.3 percent sequentially after stagnating in the third quarter. On the
Market ends with small losses; Nifty settles below 22,250 mark (23-02-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, shed 15.44 points or 0.02% to 73,142.80. The Nifty 50 index lost 4.75 points or 0.02% to 22,212.70.
National Bank for Agriculture & Rural Development standalone net profit rises 36.26% in the December 2023 quarter (23-02-2024)
Total Operating Income rise 22.93% to Rs 12218.53 crore
NTPC commissions 70MW of Chhattargarh Solar PV Project in Bikaner (23-02-2024)
With this, installed and commercial capacity of NTPC Group has become 73958 MW.