Finance – THE ECONOMIC INDIA

09 Apr

Massive Market Shift: ACME Capital Announces Successful First Round of INR 100 Crore Fund!

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New Delhi [India], April 9: ACME Capital Venture Fund, a ₹100 Crore initiative led by ACME Finvest—the renowned ACME Group investment arm—has set the stage for a transformative shift in India’s venture capital ecosystem. With its SEBI registration (IN/AIF1/24-25/1767) and Category I AIF status, this fund is set to redefine how early-stage startups access capital, igniting enthusiasm across industries and entrepreneurial communities. Revolutionizing India’s Venture Capital Landscape The launch of ACME Capital Venture Fund represents a bold move into uncharted territory for India’s vibrant startup ecosystem. As a Category I Alternative Investment Fund (AIF), the fund is specifically designed to…

04 Apr

Apollo Techno Industries Limited files DRHP for IPO: Advocates sustainability in listing on a stock exchange

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Mehsana (Gujarat) [India], April 4: Apollo Techno Industries Limited (Apollo, The Company) is a Mehsana, Gujarat-based company that manufactures a variety of specialised construction equipment. Apollo Techno Industries Limited is the only domestic manufacturer that is engaged in the manufacturing of Horizontal Directional Drilling Rigs, Diaphragm wall Drilling Rigs and one of the manufacturers of Rotary Drilling Rigs catering the end user industries demand in India as well as in Export markets, The company has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform. The proposed Initial Public Offering (IPO) will consist of up to 3700000 equity…

03 Apr

KBC Global Ltd finalized April 4th as record date for 1:1 Bonus Issue

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Nashik (Maharashtra) [India], April 3: The Board of Directors of Nashik-based KBC Global Ltd, BSE – 541161, engaged in the business of construction and real estate development, in the meeting held on March 28, has fixed April 4th as the record date to determine eligible shareholders entitled to receive bonus shares. Company on 15 February has approved Bonus issue in the ratio of 1:1 (one bonus equity share for every one fully paid equity share of Rs. 1 each) and was later approved in the extra ordinary general meeting on 27 March. Highlights: The order book of the company is…

03 Apr

Accosis Launches Free Accounting Automation Software for Businesses

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New Delhi [India], April 3: Say goodbye to expensive accounting tools and hello to seamless financial management with Accosis Advanced Accounting Software — a powerful, zero-cost solution designed to simplify bookkeeping, invoicing, and billing for businesses of all sizes. Packed with automated GST compliance, real-time financial reporting, and bulk payout processing, this intuitive platform helps you stay on top of your finances with ease. No more hassle of complex spreadsheets or costly software. Accosis offers a full suite of essential accounting features, including: Accounts Receivable and Payable Management: Effortlessly track money coming in and going out to maintain a healthy…

02 Apr

Traze Expands into South Asia, Unlocks Global Trading Access for Retail Investors

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New Delhi [India], April 2: In a bold move to capture the rapidly growing retail investment market across India and its neighbouring economies, global trading platform Traze, powered by Zeal Group, has officially announced its expansion into South Asia. Backed by robust technology, advanced security protocols, and a unique rewards-based model, the platform aims to redefine access to global financial markets for both seasoned traders and new investors in the region. The expansion comes amid a dramatic rise in online trading adoption in countries like India, Bangladesh, and Sri Lanka, where millions of first-time investors are turning to digital platforms…

24 Mar

Shree Ahimsa Naturals Limited IPO Opens on 25th March, 2025

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New Delhi [India], March 24: Shree Ahimsa Naturals Limited has announced its plan to go public with an Initial Public Offering (IPO) on March 25, 2025, aiming to raise up to Rs.73.81 Cr with shares to be listed on the NSE Emerge. The issue is for 62,02,800 equity shares at a face value of Rs. 10 each. Highlights: Total Issue Size – 62,02,800 equity shares of Rs. 10 each Book Built Issue Size – 81 Crores (At Upper Price Band) Price Band – Rs. 113- Rs.119 Per Share Lot Size – 1200 Equity Shares Shree Ahimsa Naturals Limited Company commenced…

13 Mar

IndusInd Bank: A Strong and Promising Future Ahead

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Mumbai (Maharashtra) [India], March 13: The bank looks in a very strong position and management is extremely capable to accept all challenges. Bank is continuously growing by providing best services to his customers in India and globally. Overall, it’s look that the bank’s profitability and capital adequacy remain healthy to absorb this one-time impact and all will be in normal position soon. In December 2024 quarter the profit after tax (PAT) was ahead of Street’s estimates of Rs 1,282 crore. At the current valuations bank is already pricing in most of these uncertainties. The ROE of induslnd is 14.26% slightly…

13 Mar

Glib AI: The Best Bank Statement Analyzer for Smarter, Faster, and Risk-Free Lending

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New Delhi [India], March 13: In an era where financial fraud and inefficiencies slow down loan approvals, Glib AI’s Bank Statement Analyzer has emerged as a revolutionary solution for banks, NBFCs, and fintech companies. By leveraging artificial intelligence, it automates financial data processing with 99.9% accuracy, enabling lenders to detect fraud instantly, assess risk efficiently, and make real-time credit decisions. Traditional bank statement analysis is often manual, error-prone, and time-consuming. Lenders have to sift through thousands of statements, increasing the risk of oversight and inaccuracies. Glib AI’s Bank Statement Analyzer eliminates these challenges by instantly extracting and categorizing financial data,…

10 Mar

Super Iron Foundry Ltd plans to raise up to Rs. 68.05 crore from Public Issue; IPO opens on March 11

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Kolkata (West Bengal) [India], March 10: Kolkata based Super Iron Foundry Ltd, a company specializing in manufacturing and exports of Manhole Covers & Sanitary Castings, is planning to raise up to Rs. 68.05 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on March 11 and closes on March 13. The Proceeds of the public issue will be used for business expansion, including Funding working capital requirements, Repayment/pre-payment, in full or in part, of certain borrowings availed by the company and general corporate…

08 Mar

Anya Polytech and Fertilizers Ltd acquires 60 percent paid-up equity of Polyfilm Packaging Pvt Ltd

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New Delhi [India], March 8: Anya Polytech & Fertilizers Ltd (NSE – ANYA), a company engaged in the business of Fertilizers, has acquired 60% of the paid up equity share capital of Polyfilm Packaging Pvt Ltd. This strategic investment highlights Anya Polytech & Fertilizers Limited’s (Anya) commitment to enhancing production capacity and addressing the growing demand of its customers. This acquisition will lead to the addition of prominent clients to its portfolio including Rastriya Chemicals & Fertilizers Limited (RCF), Hindustan Petroleum & Chemicals Limited (HPCL), and Vizag Steels Limited. Polyfilm Packaging Pvt Ltd has its manufacturing facility located in Bhopal,…