Finance – Page 19 – THE ECONOMIC INDIA

27 Feb

Small-cap Investments: Fuelling Financial Growth in India’s Emerging Economy

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New Delhi [India], February 27: With the evolving scenario of financial markets, investors are on a constant look out for opportunities that promise not only growth but stability as well. The SENSEX soaring beyond 70,000, propelled by the rapid growth of Small cap and Mid cap funds, has sparked heightened interest in small-cap funds. Furthermore, this has prompted the launch of numerous NFOs, enticing investors with unique prospects and potential high returns. However, navigating the investment landscape can be overwhelming and selecting the right funds can be daunting for investors. There are many rating agencies that help investors choose the right…

23 Feb

Interim Budget 2024: IMS Ghaziabad (University Courses Campus)’s Perspective on Catalyzing Research, Innovation, and Entrepreneurship

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New Delhi (India), February 23: Over the past few years, India has seen major changes in perhaps one of the most unexpected areas; as the Indian education system grows and adapts technology on a greater level, this assimilation is leaving a positive impact in eliminating educational barriers nationwide. For instance, In 2023, India witnessed a surge in female enrollment by 28% in higher education; recent reports indicate that females make up 43% of students enrolled in STEM courses nationally. As this number is expected to rise, the 2024-2025 budget will provide more opportunities for India’s students and private sectors to…

17 Feb

Budget Buzz: Leading Entrepreneurs Sound Off on India’s Fiscal Roadmap

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New Delhi (India), February 17: The annual Union Budget unveils its plans for the Nation’s economy, and naturally, leading entrepreneurs have their keen observations to share. This curated list captures the diverse reactions of prominent business minds, offering valuable insights into how the budget might impact different sectors and the overall entrepreneurial ecosystem. Dharmesh Mehta – Founder & Managing Director of ARTHAM Finserve Pvt Ltd The unveiling of a budget that charts a clear course for the Nation is a welcome sight in an era of uncertainty. The cornerstone of this budget is its commitment to policy continuation, instilling confidence…

15 Feb

StockGro Introduces Be Financially Free Initiative to Elevate Financial Literacy in India

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New Delhi (India), February 15: In a country where the path to financial literacy has been elusive for many, StockGro is lighting the way with its groundbreaking Be Financially Free (BFF) campaign. This initiative is set to redefine the financial landscape of India, addressing the critical need for accessible financial education in a nation where only 27% of adults are financially literate. StockGro’s mission? To empower every Indian with the tools and knowledge for sound financial decision-making. As we enter 2024, StockGro’s BFF campaign is emerging at a pivotal moment in line with the financial revolution. Harnessing the power of…

14 Feb

Beyond Saving: How StockGro’s BFF Campaign Is Teaching India to Invest Wisely

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New Delhi (India), February 14: Did you know that nearly three-quarters of India’s adult population lacks basic financial literacy? In response to this startling statistic, StockGro has unveiled its ambitious Be Financially Free (BFF) movement. This innovative initiative seeks to bridge the financial knowledge gap in India, where understanding money management is crucial for every citizen’s economic well-being. With its foundation in advanced technology and interactive learning, the BFF campaign aspires to democratise financial education, making it accessible to every Indian across the socio-economic spectrum. Discover this transformative initiative at [StockGro’s Be Financially Free portal] (https://www.stockgro.club/bff/). At the heart of…

14 Feb

Lagnam Spintex reports Total Revenue of Rs 123.63 crores in Q3FY24 an increase of 71% from Q3FY23 and Multifold increase in PAT

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New Delhi (India), February 14: Lagnam Spintex Limited, a leading manufacturer of high-quality cotton yarns in India, has announced its results for the quarter ended on December 31st, 2023 in its board meeting held on 12th February 2024. The revenue for this quarter Q3FY24 grew to Rs 123.63 Cr compare to Rs 72.16 crores in Q3FY23, a jump of 71%. Lagnam is very excited to inform that the increase in Revenue was due to the new product profile they have added as part of their expansion project and reached out to new markets both in Exports and Domestic. Lagnam Spintex Q3FY24 Results comparative: The Profit After Tax for this quarter Q3FY24 grew to Rs 4.63cr compare to Rs 0.23 crores in Q3FY23, a multifold jump. Similarly, the Earning Per Share (Basic &…

14 Feb

IFL Enterprises Ltd turnaround business operations; Net profit grows 5-fold to Rs. 88 lakh in Q3FY24

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Company to enter into new business domains such as trading of agricultural produce, including fruits, vegetables, seeds, organic products, herbal products, and agri-commodities. During nine months ended December 2023, Company has allotted 4.54 crore bonus equity shares in a 1:4 ratio and 2.2 crore bonus shares in 1:10 ratio to eligible investors Ahmedabad (Gujarat) [India], February 14: Gujarat based IFL Enterprises Ltd – engaged in the papers and stationery business has successfully turnaround the business operations. Company reported standalone net profit of Rs. 88 lakh in Q3 FY24 as against net profit of Rs. 14.6 lakh in Q3 FY23, growth of…

14 Feb

Spacenet reports 486% surge on PAT year-on-year basis

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Hyderabad (Andhra Pradesh) [India], February 14: Hyderabad based Spacenet Enterprises India Limited (NSE: SPCENET), a prominent global trading entity with substantial operations in Hong Kong and Dubai, has reported an exceptional 486% increase in its consolidated profit after tax (PAT) on an annual basis. This significant growth highlights Spacenet’s focused strategy on diversifying its investment portfolio by incorporating stakes in pioneering, disruptive technology enterprises. Among its key investments are Billmart.com, a fintech innovator offering state-of-the-art financial technology solutions, Pathfinder, a leading generative AI company, and String Metaverse Limited, a forefront runner in the Web 3.0 gaming industry. In a strategic…

13 Feb

Varanium Cloud reports Consolidated Net Profit of Rs. 87.68 crore in Q3FY24, growth of nearly 200% Y-o-Y

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Total Income for Q3FY24 grew 267% Y-o-Y to Rs. 401.86 crore. Mumbai (Maharastra) [India], February 13: Mumbai based Technology Solutions Company, Varanium Cloud Limited has reported exponential growth in business operations with robust growth in the total income and net profit. Company has reported a consolidated net profit of Rs. 87.68 crore for the Q3 FY23-24 ended December 2023 as against net profit of Rs. 29.29 crore in Q3 of FY22-23, growth of 196% Y-o-Y. Total income from operations for Q3FY23-24 was reported at Rs. 401.86 crore, higher by 267% Y-o-Y as compare to total income of Rs. 109.48 crore…

12 Feb

India’s Interim Budget Points to Steady Growth Across Key Sectors

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New Delhi (India), February 12: As India heads into national elections in 2024, Finance Minister Nirmala Sitharaman presented an upbeat interim budget focusing on sustained inclusive growth. Clear strategies were outlined across sectors like healthcare, agriculture, infrastructure and e-commerce that buoyed market sentiments while putting people first. Healthcare: More Holistic Vision, But Milestones Ahead The budget aims to unify maternal and child health schemes under an overarching umbrella. As Dr. Sujit Chatterjee, CEO of Dr. L H Hiranandani Hospital explains, “The comprehensiveness of combining vaccinations, nutrition and healthcare access across phases from pregnancy to adolescence is judicious.” However, the real test lies in…