Finance – Page 2 – THE ECONOMIC INDIA

20 Jun

Plutus’ Teen Founders Bring Algorithmic Edge, Unlocking Superior Alpha for Quantitative Investors

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Bengaluru (Karnataka) [India], June 20: At just 18 years old, Aditya Agrawal and Rishabh Bhargav founded Plutus—a fintech startup that has caught the attention of global investment powerhouses, including ones in the top 100. What started as a passion project in high school emerged as a potentially revolutionary force in quantitative finance. Today, Plutus’ board consists of veteran personalities, and it runs under the guidance of its vastly experienced members. From Precocious Beginners to Preeminent Innovators Aditya and Rishabh have been driven by an intense fascination with investing and technology from a remarkably young age. While still in the intensive International Baccalaureate program,…

20 Jun

DJ Mediaprint And Logistics Ltd approves 2:1 bonus

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Mumbai (Maharashtra) [Indai], June 20: Board of directors of DJ Mediaprint & Logistics Ltd, a leading provider of Integrated Printing, Logistics and Courier solutions in India and overseas has approved a 2:1 bonus issue. The company board also approved issuance of increase the authorized share capital from Rs. 15 crore to Rs. 50 crore, subject to approval of shareholders. Company reported highest Revenue and Profit for FY 24; Revenue in FY24 rise 12.83% Y-o-Y to Rs. 57.04 crore; Net Profit rise 51% Y-o-Y in FY24 to Rs. 5.04 crore The board of directors in the meeting held on 18 June…

20 Jun

Appreciate unveils Goals, a low-cost, zero-friction US ETFs basket for Indian investors

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Mumbai (Maharashtra) [India], June 20: Appreciate, a SEBI and IFSCA registered fintech company, unveils Goals, a customised basket of ETFs designed for smart retail investors seeking to diversify their portfolio globally with exposure to US markets. Goals’ constituent ETFs invest in globally reputed US companies along with US treasury offerings, helping the Indian investor target long-term growth along with capital preservation. Designed on the same lines as a SIP, Goals channels investors’ contributions into a specially designed ETF basket seamlessly and without subscription, fixed remittance fee or withdrawal fee. In backtesting, Goals delivered high annualised returns by deploying a smart combination of equities, treasuries, gold, real estate…

17 Jun

Indxx Licenses U.S. Infrastructure Development Index to Global X ETFs Australia for an ETF

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Mumbai (Maharashtra) [India], June 17: Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx U.S. Infrastructure Development Index to Global X ETFs Australia. The Index serves as the underlying benchmark for the Global X US Infrastructure Development ETF (Ticker: PAVE), which began trading today on the Australian Securities Exchange (ASX). The Indxx U.S. Infrastructure Development Index is designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of…

17 Jun

Falcon Technoprojects India Ltd planning to raise up to Rs. 13.69 crore from public issue; IPO opens June 19

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Mumbai (Maharashtra) [India], June17: Mumbai based Falcon Technoprojects India Ltd specialized in providing mechanical, electrical and plumbing services to clients across sectors such as petroleum refineries, housing estates, nuclear power, construction etc is planning to raise up to Rs. 13.69 crore from its SME public issue. The company has received approval to launch its public issue on NSE Emerge Platform of National Stock Exchange. The public issue open for subscription on June 19 and closes on June 21. The Proceeds of the public issue will be utilised to fund company’s expansion plans including meeting working capital requirements and general corporate…

17 Jun

KBC Global Ltd has been awarded a sub contract worth of USD 20 Million for soft infrastructure segment from CRJE Ltd

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Nashik (Maharashtra) [India], June 17: KBC Global Ltd ( Previously known as Karda Construction Limited ) BSE – 541161, a prominent player in the construction and real estate development sector has been awarded a significant subcontract worth approximately US $20 million by CRJE (EAST AFRICA) Ltd. CRJE is a modern enterprise with a rich history in constructing railways and five-star hotels across Africa. Highlights:- Company’s wholly owned subsidiary, Karda International Infrastructure Ltd received this contract KBC Global has taken its first step in becoming a key part of Africa’s Infrastructure development. Company has also announced a strategic plans for expansion…

17 Jun

Winny Immigration and Education Services Ltd plans to raise up to Rs. 9.13 crore from public issue; IPO opens June 20

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Mumbai (Maharashtra) [India], June 17: Ahmedabad basedWinny Immigration and Education Services Ltd engaged in the visa consultancy and immigration services is planning to raise up to Rs. 9.13 crore from its SME public issue. The company has received approval to launch its public issue on NSE Emerge Platform of National Stock Exchange. The public issue open for subscription on June 20 and closes on June 24. The Proceeds of the public issue will be be used for business expansion including opening new offices, software development, repayment of debt, Branding and Advertising and general corporate purposes. Interactive Financial Services Ltd is…

14 Jun

Creditwalle Revolutionizes Borrowing with Instant Loan Offerings, Redefining Financial Dynamics

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Creditwalle is redefining financial dynamics with the launch of its revolutionary financial services platform, empowering borrowers with instant loan offerings, seamless lending process, transparency, and 24/7 accessible customer support team, so borrowers can find what they are looking for without going through a tedious process. In the era of fast-paced lifestyles and digital advancements, loans from easily accessible websites can turn out to be an incredibly useful source of funding, reshaping the financial landscape. Instant loan websites, accessible via laptops and smartphones, make a quick and efficient solution for borrowers to secure financial assistance in the most hassle-free way. The…

14 Jun

Creditwalle Launches Next-Generation Financial Services Platform, Making Borrowing Effortless

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Creditwalle is making borrowing effortless with the launch of its next-generation financial services platform. The company is empowering borrowers with transparency, a fast lending mechanism, and 24/7 customer support to ensure borrowers don’t feel the urge to shift preferences. Today, the financial market is consistently evolving based on the growing demand for accessibility, speed, and convenience. Instant loan websites like Creditwalle have emerged out of the blue to make instant loans accessible for every individual on short notice. Easy-to-use website interface, 24-hour and seven days week availability, convenient access to funds, and quick instant loan disbursal account for the rising…

14 Jun

Amitabh Chaturvedi-Backed Purple Finance Limited Makes BSE Debut

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New Delhi (India), June 14: All India– Purple Finance, a MSME focused lender proudly announces its successful listing on the BSE Limited, trading under Scrip ID PURPLEFIN | Scrip Code: 544191. This marks a pivotal milestone in the Company’s journey, reflecting strong market confidence and investor enthusiasm for Purple Finance’s strong business outlook. The stock listing of Purple Finance has generated significant interest, with the stock opening at 119.02 and closing at 123.07, indicating robust investor demand. This successful market debut underscores the Company’s potential for continued growth and market leadership. Mr. Amitabh Chaturvedi, Promoter & Executive Chairman, Purple Finance Limited, expressed excitement about…