INDIAN NEWS & TIMES

Monday, January 30, 2023

Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended December 31, 2022. The Company delivered sales of           Rs 613 crores, increase of 13.7% growth against the same period last year. The Company continues to deliver consistent double digit revenue growth for the quarter as well as on a 2 year CAGR basis.  The business has been resilient inspite of high commodity inflation […]

Categories: Finance

The Institute of Chartered Accountants of India, New Delhi, India has set the record for ‘Maximum Number of Students Participation in Super Mega Career Counselling Programme’. The First Drive of the Super Mega Career Counselling Programme was organized on October 31, 2022 and the Second Drive was organized on November 26, 2022. A total of 1,60,648 students of classes IX till Graduation participated in the programme along with the Principals, […]

Categories: Finance

Federal Bank Ltd Q3FY23 Result First Cut – All-round and record-breaking performance# Federal Bank Ltd. reported an upbeat performance in Q3FY23, with an all-time increase in Net Profit and NII and improvement in its Asset Quality.# Net Interest Income grew by 11.1% QoQ/ up 27.1% YoY at Rs. 1,956.5 crores, reflecting the highest-ever profitability of the bank. NIM acted as the catalyst to the bank’s excellent performance at 3.49%, an […]

Categories: Finance

Infosys reported a healthy performance in 3QFY23 with revenues 0.7% above our estimates in seasonally weak quarter. However, EBIT margin came in at 21.5%, 30bps below our estimate of 21.8% while its PAT is above our estimate by 2.5%, supported by lower tax rate and healthy other income. # Revenue grew by 2% QoQ/10% YoY in USD to US$4,659mn, 0.7% above our estimate of US$4,625mn. Sequential constant currency growth came […]

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he Institute of Chartered Accountants of India (ICAI) had instituted ICAI Awards in the year 2007 to honour and acknowledge the exemplary achievements of its Members who have attained exceptional levels of professional achievements in industry and business and are committed towards their goals.   ICAI continues its legacy to honour stellar individuals and organized 16th ICAI Awards on 10th January, 2023 at Hotel Taj Bengal, Kolkata.  Shri C.V. Ananda Bose, Hon’ble Governor, West […]

Categories: Finance

For the first time ever, the global investors shared their queries with experts at the pavilion set up by ICAI at “Pravasi Bhartiya Diwas (PBD)” and “Global Investor Summit(GIS)”.  ICAI’s leadership shared that “This is the first time that ICAI has participated in such a conference and has shown its participation. The ICAI Pavilion is focused majorly on an important booklet which can provide a complete business solution for the […]

Categories: Finance

Anicut Capital, an Indian investment firm managing alternative assets, today announced that they have received a commitment of Rs 75 Crores from Self Reliant India Fund (SRI), for their equity fund. SRI Fund is a SEBI-registered Category II Alternative Investment Fund anchored by NSIC Venture Capital Fund Limited, a wholly-owned subsidiary of The National Small Industries Corporation Limited (NSIC) and managed by SBICAP Ventures Ltd (SVL), a step-down subsidiary of […]

Categories: Finance

Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended September 30, 2022. The Company delivered sales of Rs 659 crores, increase of 12.6% growth against the same period last year. The growth has been impacted with high inflationary pressure on the households, however inspite of volatile environment, our strategy to focus on strengthening our consumer franchise has resulted in double digit value […]

Categories: Finance

“Recent developments in the global economy have indicated an upcoming recession, with governments around the world working to develop possible solutions to tackle it. In line with this, the RBI’s decision to increase the repo rate by 35bps comes at a time when the Indian economy is recovering from its post-pandemic disruptions. These government initiatives, coupled with the fact that India today is one of Asia’s fastest-growing economies, will contribute […]

Categories: Finance

B Capital’ a multi-stage global investment firm, has today announced the release of a three-part animated video series across its owned digital platforms to shed light on Asia’s B2B e-commerce industry and how technological innovation can help sustain its growth trajectory.   The video series is part of B Capital’s marketing campaign targeted at commerce brands, suppliers, retailers and startups operating in Southeast Asia. Produced by B Capital’s Platform team, the three-part series aims to highlight the importance of using […]

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Mastercard today announced the elevation of Joseph Fernandes as Senior Vice President & Head, People & Capability for South Asia. Joseph joined the company in 2017 and since then, has been leading HR for the India Tech Hub in Pune. He succeeds Priti Singh, who served in the position for over four years, and has taken on a larger mandate to lead Mastercard’s People and Capability function for Eastern Europe, […]

Categories: Finance

The Digital Fifth, India’s leading fintech consulting & advisory firm for banking, insurance & financial services, announced successful implementation of its digital transformation program at Suryoday Small Finance Bank aimed at fast tracking the banks digital banking initiatives. The ambitious technology & digital transformation initiative was conceptualized and implemented in record 10 months’ time. This unique digital transformation program encompassed an end-to-end transition from the existing stack of co-managed platforms […]

Categories: Finance

As the situation in Sri Lanka continues to improve, Mastercard today launched ‘Sri Lanka with Love’, a campaign to encourage Indian tourists to explore the vast array of unforgettable experiences offered by the Island nation. As part of the campaign, Mastercard has collaborated with over 50 merchant partners such as hotels, resorts, restaurants, and tour operators to promote Sri Lanka as a preferred destination for Indian tourists. Mastercard cardholders planning […]

Categories: Finance

Mr. Mohit Bhatia has been appointed as the new Chief Executive Officer of Bank of India Investment Managers Private Limited with effect from October 04, 2022. Mr. Bhatia brings with him over 26 years of professional experience in Mutual Funds & Financial Services industry with a strong performance track record and achievement of significant results in areas of Sales & Distribution, Team building, Marketing & branding, building of Digital eco-system, […]

Categories: Finance

Aviva plc (“Aviva”) today announces that it has acquired an additional 25% stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited (ALICIL). Following the stake acquisition, Aviva’s shareholding has increased to 74% in ALICIL. The transaction allows Aviva to become the majority shareholder, increasing its economic and operational control as it continues to transform the performance of the business. Aviva received approvals […]

Categories: Finance

CredAble, India’s largest working capital tech platform catering to the working capital requirements of India Inc including large, mid, emerging corporates, MSMEs, and financial institutions is excited to announce the appointment of Mr. Satyam Agrawal as Managing Director – International Business. Mr. Satyam comes with 2 decades of experience in Banking, FinTech, and the SME Segment, in senior leadership roles with global banks. Prior to joining CredAble, Satyam was associated […]

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Aviva India today announced the appointment of Sumithasri Eranti Venkataramagupta as Chairperson of Aviva Life Insurance Company India. She succeeds Mohit Burman, who served as the Chairperson for over 14 years and will continue to be a non-executive Director on the Board. Sumithasri has been associated with Aviva India as an Independent Director since February 2018. Commenting on this elevation, Sumithasri Eranti Venkataramagupta, said, “I am excited to delve into a new chapter […]

Categories: Finance

Ajay Vaswani has been promoted to Chief Business Officer for Alternate Investment Fund at The Investment Trust of India (ITI).  Ajay will be responsible for driving business objectives for ITI Long Short Equity Fund – AIF CAT 3 and ITI Growth Opportunities Fund – AIF CAT 2. In this role, Ajay will spearhead the strategy and execution for sales, distribution, business development, product and marketing functions for the Alternate Investment […]

Categories: Finance

 Easy Home Finance Limited (EASY), India’s leading Mortgage Tech Company, today announced the launch of one of its kind product, Foxcard to provide flexible loan against property. Foxcard will enable users to seek equity against their own property through EASY’s app, which will be  delivered to their doorstep. This will be an app-only application process. With the launch of this new product, EASY aims to achieve a live customer base […]

Categories: Finance

The Institute of Chartered Accountants of India (ICAI) organised the “Iconic Day” today on June 8th 2022 at New Delhi commemorating 75 years of India’s Independence as a part of country wide Azadi ka Amrit Mahotsav Celebrations. The event at New Delhi was inaugurated by the Chief Guest Shri Arun Singh, Hon’ble Member of Parliament (Rajya Sabha) and Guest of Honour, Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, Government […]

Categories: Finance