Finance – Page 3 – THE ECONOMIC INDIA

13 Mar

IndusInd Bank: A Strong and Promising Future Ahead

Financefinance

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

Financefinance

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

Financefinance

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

Financefinance

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,…

26 Feb

Unlock Momentum Investing with PNB MetLife Nifty 500 Momentum 50 Index Fund for Long-Term Growth

Financefinance

New Delhi [India], February 26: In today’s dynamic market, prospect/ policy holders seek strategies that optimize returns while maintaining a balanced risk approach. Momentum investing has emerged as a powerful strategy, focusing on stocks that have demonstrated strong upward price movement. Leveraging this strategy, PNB MetLife has introduced the “PNB MetLife Nifty 500 Momentum 50 Index Fund” (ULIF03115/02/25NIFTYMOMEN117), a passively managed fund that will be benchmarked against NIFTY 500 Momentum 50 Index Fund for its performance. This fund tracks the performance of the Nifty 500 Momentum 50 Index Fund, which includes the top 50 stocks demonstrating the highest stock price…

24 Feb

Beezaasan Explotech Limited IPO Closes on February 25, 2025

Financefinance

New Delhi [India], February 24: Beezaasan Explotech Limited has announced its plan to go public with an Initial Public Offering (IPO) from 21st February 2025 to 25th February 2025, aiming to raise up to ₹59.93 Crores with shares to be listed on the BSE SME platform. The Issue is up to 34.25 Lakh equity shares at a face value of ₹ 10/- each. IPO Details IPO Date February 21, 2025- February 25, 2025 Listing Date – Face Value ₹ 10/- per share Price Band ₹ 165/- to ₹ 175/- per Share Lot Size 800 Shares Total Issue Size Up to 34.25 Lakh Shares…

24 Feb

Gujarat Inject (Kerala) Limited Announces Stock Split Approval and Impressive Q3 FY24-25 Financial Results

Financefinance

Vadodara (Gujarat) [India], February 24: BSE-listed Gujarat Inject (Kerala) Limited (BSE: 524238), a leading agricultural company, reported a staggering increase of 4,500% in its net profit for the quarter ended December 2024. The company specializes in the trade of bulk vegetables and fruits, sourcing fresh produce directly from farmers and delivering it to shop owners, ensuring quality, freshness, and a seamless supply chain. The Board of Directors of Gujarat Inject (Kerala) Limited approved the sub-division of each equity share of the company having a face value of Rs. 10 into ten equity shares with a face value of Re. 1 each. This move…

20 Feb

Swasth Foodtech India Limited IPO Opens On 20th February 2025

Financefinance

Kolkata (West Bengal) [India], February 20: Swasth Foodtech India Limited specializes in processing rice bran oil from crude rice bran oil,producing various grades and colours tailored to customer specifications, has announced its plan to go public with an IPO on February 20, 2025, aiming to raise ₹ 14.92 Crores, with shares to be listed on the BSE SME platform. Equity Share Allocation Non-Institutional Investors (NII) – Up to 7,53,600 Equity Shares Retail Individual Investors (RII) – Up to 7,53,600 Equity Shares Market Maker – Up to 80,400 Equity Shares The net proceeds from the issue will be utilized primarily for…

19 Feb

Bajaj Allianz General Insurance Announces Global Insurance Excellence Awards with Asia Insurance Review

Financefinance

Pune (Maharashtra) [India], February 19: Bajaj Allianz General Insurance, one of the leading private general insurers of India, is thrilled to announce the Global Insurance Excellence Awards (GIEA), which aims to celebrate and honour the outstanding contributions of general insurance and health insurance advisors across Asia, the Middle East, and North Africa. Asia Insurance Review (AIR), a trusted name in the industry, has been chosen to oversee and administer the prestigious Awards for 2025, adding further credibility and international expertise to the event. The event, hosted by Bajaj Allianz General Insurance, will honour exceptional advisors from the insurance industry in India and internationally across eleven…

19 Feb

Mutual Funds and Tax Benefits: What Every Investor Should Know

Financefinance

New Delhi [India], February 19: Mutual funds are the one-stop investment solution for people looking to invest in stocks or bonds with the expertise of a fund manager. By paying the price of a single mutual fund unit, the investor gets an expert-curated portfolio of equity, debt, and other instruments. While mutual funds provide several advantages such as low cost, diversification, and professional management, there is certainly one major benefit that every investor should know. There is one type of mutual fund that provides a direct benefit of saving taxes and helps in reducing taxable income. From the world of…