Funds

May 14, 2022 — Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, today announced the appointment of Joshua Eaton, former Deputy U.S. Attorney in the Northern District of California, as Deputy General Counsel. Eaton will lead the organization’s legal affairs, supporting global compliance, investigations, and law enforcement coordination activities.    Eaton brings over 20 years of experience representing the...

New Delhi, 14th May 2022: FlexifyMe, one of India’s fastest-growing Health and wellness platforms has raised USD 300,000 in a seed funding round. The round saw participation from prolific investors including Ravi Bhushan, Founder & CEO, BrightChamps, Amit Ratanpal, Founder, Blinc Management, Sachin Anand, Sales Director APJ, Intel, and Dipen Shah, Managing Director, VAG-group, amongst others. The newly raised...

TVS Motor (TVSL) has delivered strong performance in 4QFY22 on EBITDA margin front with EBIDTA margin of 10.1% in one of the most challenging times. Revenue grew by 4% YoY (down 3% QoQ) to Rs55.3bn, 1.9% below our estimate of Rs56.4bn. ASP rose by 13% YoY (down 1% QoQ) to Rs64,572, supported by better product mix, price hike and...

May 6, 2022: The Fair Trust, an ecosystem building a new-age financial platform, today announced the launch of the presale of The Fair Trust Token (TFT) through a Private Seed Round. The opportunity will be open for private investors and early TFT community members till the end of May 2022. Investors who wish to join The Fair Trust community can...

Bengaluru, Karnataka, India... “I am very proud of the team at ABB India who delivered a good start to the year by not only building but accelerating the growth momentum in the face of multiple external uncertainties. All parameters have posted solid growth in the first quarter of CY2022. The surge in orders and one of the strongest order...

Mumbai, May 4th, 2022: NJ Mutual Fund, part of the 27-year-old NJ Group announced the launch of NJ’s Factor Book. The book is a manifestation of the relatively new and emerging world of factor investing, which is a confluence of technological advancements (data analytics, machine learning, and artificial intelligence) and established investment principles.The book answers some of the most pertinent questions...

Mumbai, May 03, 2022: Godrej Properties Limited (GPL), a leading national real estate developer, announced its financial results for the fourth quarter ended March 31, 2022. CORPORATE HIGHLIGHTS (Godrej Properties Limited): Sales Highlights Q4 FY22 witnessed total booking value growth of 23% YoY and 111% QoQ to INR 3,248 crore with 4.24 million sq. ft. of area sold during the quarterFY22 booking...

New Delhi, May 03, 2022: DSP Investment Managers announced the 25-year completion of the DSP Flexi Cap Fund. Launched on 29th April 1997, the company has a proven portfolio that has been through many market cycles and has delivered returns of 19.1% CAGR (Compounded Annual Growth Rate) since inception*. Rs 1 lakh invested at inception in DSP Flexi Cap Fund would...

Delhi/Bangalore, May 3, 2022 – Finbots.AI, an AI-led, innovations-driven venture targeted at banks and financial institutions, today announced it has raised US$3 million in a Series A round from Accel. The investment by Accel comes from its Fund VII and this is the first external investment for Finbots.AI. The funds will be used towards accelerating product enhancement, marketing and...

Hyderabad, Telangana, India Key Metrics: Fourth Quarter Revenue of Tanla increased by 32% year-over-year to Rs 8,531 million. Gross profit increased by 38% year-over-year to Rs 2,434 million. Gross margin at 28.5%, improved by 126 basis points year-over-year. EBITDA increased by 37% year-over-year to Rs 1,841 million. EBITDA at 21.6 %, improved by 91 basis points year-over-year. Profit after...