Last Updated : Wednesday, April 1, 2020 18:41:00

News of Financial Services | Financial Institutes in Gujarat

iGTB powered First Abu Dhabi Bank Wins Global Finance Award 2020

CHENNAI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered Intellect Design Arena Ltd said of one of its leading clients in Middle-East region, the iGTB powered First Abu Dhabi Bank having won global finance award 2020 for best quality liquidity management bank in the Middle

INDUSIND BANK clarifies on rumours and speculation, stock takes a severe hit

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered IndusInd Bank Ltd clarified on the rumours and speculations making rounds in the market regarding the financials, capital appetite, profitability and governance of the bank, however the company stock (shares) took a severe hit on the Indian Bourses,

RBL Bank clarifies on market rumours and speculations

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered RBL Bank Ltd clarified on the market rumours and speculation, issuing a company statement which emphasized on the claims of the Bank being financially strong, well capitalized, profitable and growing entity with strong governance set-up. For LONG READ,

ADANI ELECTRICITY completes 1st ever USD Bond issuance, raising USD $1 bln

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian Diversified Conglomerate Adani Group’s Transmission arm – Adani Transmission Ltd said of its wholly owned subsidiary Adani Electricity Mumbai Ltd to have completed first ever US Dollar Bond issuance raising US Dollars $1 billion. For

INTELLECT DESIGN announces World’s First 100%, 45 mins Robotic Deployment

LONDON (UK) | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Information Technology sector company Intellect Design Arena Ltd said of having deployed world’s first 100% 45-minute robotic deployment of its fully-featured transaction banking portal CBX. The press-release titled, “iGTB Announces World’s First 100%, 45-minute Robotic Deployment of

GOCL CORP approves UNION BANK OF INDIA’s $300 mln credit facility offer

HYDERABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered oil marketing & distribution multinational Gulf Oil’s Indian arm GOCL Ltd (formerly Gulf Oil Corporation Ltd) said of its board of directors having accepted line of credit/Standy Letter of Credit (SBLC) facility amounting to USD $300

INDIA establishing a new model of affirmative action, says India’s PetroMin

NEW DELHI | RAJKOT – In a press-release issued by Press Information Bureau (PIB) of India, press & publicity arm of Government of India, it read of Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan having said of India establishing a new model of affirmative action, by providing employment and entrepreneurial opportunities

CHOLAMANDALAM FINANCE raises 4 bln rupees through bonds

CHENNAI | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered financial services providing non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Ltd raised 4 billion (~400 crore) rupees debt from CDC Group through 10-year rupee denominated Masala Bonds. The press-release titled, “Cholamandalam Finance raises INR

SUNTECK REALTY inks MoU with SBI to give boost to residential space

MUMBAI | RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered realty company Sunteck Realty Ltd said of having inked Memorandum of Understanding (MoU) with State Bank of India to give a boost to residential housing sector under the bank’s residential builder finance with buyer guarantee initiative. In a

ALL INDIA BANK EMPLOYEE’S ASSO calls for Nationwide Strike on 8th Jan

CHENNAI | RAJKOT – In a Joint Circular issued by All India Bank Employee’s Association dated 4th January, 2020 – Saturday, the banking union body has called for a national general strike on 8th January, 2020 – Wednesday. The circular titled, “National General Strike on 8 January 2020 Central Trade Unions invited by Labour Minister

MUTHOOT FINANCE’s MD George Alexander Muthoot attacked

ERNAKULAM | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Kerala (Ernakulam) headquartered financial services group – The Muthoot Group’s company Muthoot Finance Ltd said of the company’s Managing Director George Alexander Muthoot being attacked by criminals while he was on his way to the company headquarters at

BAJAJ FINANCE’s DEC 2019 biz grew YoY on all parameters

PUNE | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, financial services providing company Bajaj Finance Ltd said of its December 2019 business having grown on all parameters year-on-year in terms of franchise business, new loan bookings and asset under management. In a filing as submitted by the

PayPal India will pay 1 LAKH rupees/child, to their employee who adopts a child

BANGALORE | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release disbursed to Media, digital payment major Paypal India said of re-enforcing commitment to be an Employee First company and said of the company having become an early adopter of the Adoption Assistance Program, introduced a financial assistance program valid for payment upto 1 lakh rupees per

TCS BaNCS™ Cloud Powers Digital Transformation for Credit Unions in UK

LONDON | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Tata Consultancy Services Ltd, information technology arm of Diversified Indian Conglomerate – Tata Group, said of its solution TCS BaNCS™ to empower digital transformation for two credit unions in United Kingdoms (UK). The press-release

#DLGINSIGHTS | Borderline : A Year In Macro And Markets (2019)

Borderline :  A Year In Macro And Markets (2019) Suyash Choudhary, Head – Fixed Income, IDFC AMC “We were broken then but now we’re borderline”. Leonard Cohen The year 2019 should probably be counted as a forgettable year for India, given the off-a-cliff kind of growth collapse that we saw during the year. That this

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