Last Updated : Tuesday, January 21, 2020 16:16:38

News of Financial Services | Financial Institutes in Gujarat

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

IN IMAGES | GIFT City gets First International Hotel Brand GRAND MERCURE

BANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Bangalore headquartered real-estate Indian major – Brigade Enterprises Ltd said of having opened the first international brand hotel GRAND MERCURE at GIFT (Gujarat International Financial Tech) City, Gandhinagar in Gujarat. Grand Mercure Gandhinagar GIFT City features 151

AXISCADES wins key Engagement with Airbus

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered AXISCADES Engineering Technologies Ltd said of having bagged key engagement contract with multinational aviation and aerospace major Airbus which includes work on Fuselage, Product development and customer support services across different Airbus locations. In

BSE inks MoU with IHS Markit for developing new bond valuation service

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Equity & allied products trading oldest bourse of Asia – BSE Ltd inked Memorandum of Understanding with IHS Markit for developing new bond valuation services in India. The press-release as submitted by the company to the

FINANCE MINISTER of INDIA holds first Pre-Budget Consultations

NEW DELHI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release issued by Press Information Bureau (press communication arm of Government of India) it read that Finance Minister Nirmala Sitharaman started here pre-budget consultations with different stakeholder groups in connection with the forthcoming General Budget 2020-21 here today. Her first meeting was with the stakeholder Groups

HCL Expands Operations and Workforce in Lithuania

NOIDA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Noida headquartered information technology Indian company HCL Technologies Ltd said of having expanded operations and workforce in Lithuania, opening of two delivery centers in Vilnius to spearhead growth and technology led innovation in the Baltics region.

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