finance – Page 2 – THE ECONOMIC INDIA

05 May

IBL Finance Ltd achieves over Rs. 100 crore AUM, expands with 36 national NBFCs

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Surat (Gujarat) [India], May 5: Surat-based IBL Finance Limited, a leading company known for providing fast and easy loans using technology and data science, has informed the stock exchanges that it has achieved the milestone of over Rs. 100 crore in Assets Under Management (AUM) and is progressing on an expansion path in collaboration with 36 national NBFCs. The fintech-driven NBFC, IBL Finance Ltd (IBLFL), has advanced its aggressive growth strategy by successfully onboarding 36 non-banking financial companies (NBFCs) for onward lending. This milestone is significant for IBLFL, which is on the path to becoming a pan-India retail MSME lender,…

29 Apr

AZAD Engineering Inaugurates Exclusive Lean Manufacturing Facility

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Hyderabad (Telangana) [India], April 29: Azad Engineering, a leader in precision engineering, marked another significant milestone today with the inauguration of its lean manufacturing facility designed to meet capacity commitments to GE Vernova’s Steam Power Services business unit at Azad’s Centre of Excellence & Innovation Centre in Tunikibollaram, Hyderabad. The 7,600 sq. mts. state-of-the-art facility was inaugurated by the following guests from GE Vernova: Mr. Rodolfo Torres, Lean Leader; Mr. Ankur Chandak, Sourcing Leader; Mr. Martin Schaefer, Global Commodity Leader; Mr. Akhona Qabaka, Supplier Quality Leader; Ms. Carly Lorence, Global Planning Lean Leader; and Mr. Rakesh Chopdar, Chairman and CEO of Azad Engineering. This lean manufacturing…

29 Apr

Kenrik Industries Ltd plans to raise up to Rs. 8.75 crore from Public Issue; IPO open till May 6, 2025

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Highlights: Fresh Public issue of Rs. 8.75 crore opens for subscription from April 29 to May 6 Minimum lot size for application is 6000 shares; Minimum IPO application amount Rs. 1,50,000 Funds raised through the issue will be used for working capital requirements and general corporate purposes For FY23-24, the company reported revenues of Rs. 70.97 crore and Net Profit of Rs. 1.08 crore; For the seven months of FY25 ended 31st October 2024, the company reported revenue of Rs. 42.19 crore and Net Profit of Rs. 78 lakh Turnaround Corporate Advisors Private Limited is the lead manager of the…

26 Apr

Thyrocare Q4FY25 Revenue Up 21 Percent YoY to Rs 187.2 Cr; PAT Rises 24 Percent to Rs 21.3 Cr

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Navi Mumbai (Maharashtra) [India], April 24: Thyrocare Technologies Limited (hereinafter referred to as “Thyrocare” NSE: THYROCARE, BSE: 539871), a leading healthcare diagnostics company, announces their results for the quarter ended March 31, 2025. For Q4FY25, the company reported revenue from operations of INR 187.2 crore, reflecting a 21% year-over-year (YoY) growth. Normalized EBITDA for the quarter stood at INR 65.3 crore, marking a robust 78% YoY increase. Profit after tax (PAT), excluding exceptional items, reached INR 32.5 crore, which represents an impressive 88% YoY growth.Thyrocare Technologies Limited Key highlights for Q4FY25: Consolidated revenue increased by 21% year-over-year (YoY) with Pathology…

26 Apr

How to Secure Your Retirement Years with Mutual Funds?

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New Delhi [India], April 26: Securing your retirement years needs proper planning right from a young age. By starting with a smaller investment in your 30s, you can create substantial wealth for your golden years. But what is one of the suitable ways to start investing with minimal amounts and accumulate wealth over the years? The answer is retirement mutual funds. In this blog, we’ll understand how you can plan for your retirement years with these funds and what factors to consider while selecting the retirement funds to invest for the long term. What are Retirement Mutual Funds? You must…

14 Apr

FX SmartBull Wins Prestigious “Traders Choice Award 2025” at Pro FX Expo, MENA Dubai

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Dubai [UAE], April 14: FX SmartBull, a fast-rising leader in the global currency and commodity trading industry, has been honored with the “Traders Choice Award 2025” at the prestigious Pro FX Expo, held at MENA, Dubai. This recognition is a testament to the firm’s excellence in service, reliability, and commitment to empowering traders across the globe. The award was proudly received by Mr. Mikhail, CEO of FX SmartBull, and Mr. Ravi Mahaseth, Director, in front of an esteemed audience of industry leaders, institutional investors, and top trading professionals. FX SmartBull has rapidly gained the trust of thousands of traders through…

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…