GMM Pfaudler and Pfaudler Group: Now a Unified Global Entity
Mumbai, 13th May 2022: GMM Pfaudler Limited, has undertaken a major rebranding exercise. This comes at a time when GMM Pfaudler is ready to take to the global stage its successful acquisition of a majority stake in its parent company, Pfaudler International.
The new brand identity has been developed to suit the vision of the now global entity. Consideration for the inspiration...
Binance Labs launches Season 4 of its global Incubation Program
May 11, 2022: Binance Labs, the venture capital and innovation incubation arm of Binance, announced that Season 4 of its global Incubation Program is launching on May 5th. Through the program, Binance Labs supports promising projects in the blockchain space. Over 500 projects applied, and Binance Labs selected 14 that demonstrated the most potential and best fit for the program.
For the...
BFSL’s MTF with one of the lowest interest rates is a powerful tool for investors
Pune, Maharashtra, India.... Margin Trading Financing (MTF) is a useful arrow in the quiver used in the hunt for profits in the stock market. It helps to leverage delivery trades. People can buy stocks of more value than the amount they have. The catch here is to earn a profit higher than the sum of margin, brokerage applicable and the interest incurred...
NJ Mutual Fund launches book on Factor Investing
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...
Finbots.AI raises US$3 million from Accel in Series A round
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...
Astral acquires 51% controlling stake of Gem Paints for Rs 194 Cr
Mumbai/Ahmedabad, 30th April, 2022: Astral Limited is pleased to inform that as part of Company’s strategy to expand its product portfolio under building material segment and strengthen the brand Astral and its Dealer’s & Distributors Network, the Board of Directors of ASTRAL has entered into definitive agreements for acquiring controlling 51% equity stake in operating business of Gem Paints Pvt. Limited.
On this acquisition Mr. Sandeep Engineer – MD of ASTRAL LTD, Quote that “The acquisition of GEM PAINTS will...
Govt capex key to support investment demand in private capex: ICRA
ICRA expects capacity utilisation (CU) to reach the critical threshold of 75% required to trigger broad-based capacity expansion, only by the end of CY2022. Moreover, the rating agency highlighted that while some green shoots are visible in private investments, protracted geopolitical tensions and elevated commodity prices could constrain the profitability of the corporate sector, imparting some caution to private...
Bajaj Housing Finance announces capital raise of Rs 2,500 crore
April 28, 2022: Bajaj Housing Finance announces its seventh and largest round of capital infusion so far. On 7th April, 2022, the Housing Finance Company received Rs. 2,500 Cr of equity capital from its parent company, Bajaj Finance Limited.
Bajaj Housing Finance recently announced a milestone achievement of crossing the Rs. 50,000 Crore Assets Under Management (AUM) mark and ending the year...
APW to acquire CloudX with earnings guarantee of US$1.5 mn
California, Apr 27, 2022 - APW (American Premium Water Corporation) (OTC:HIPH) is pleased to announce that its Board of Directors has approved the acquisition of 100% ownership of CloudXchange DataCentre Inc. (CloudX), an entity that engages in crypto-mining related business through its wholly owned subsidiary CloudXchange DataCentre Pte Ltd (CloudX SG), to diversify the Company's earnings. The purchase price...
Firstsource committed to create jobs, expand operations and investment across the UK
London & Mumbai.. Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, today reiterated its commitment to growing operations across the UK. Firstsource will invest to create around 1,000 new jobs over the next 12 months across South Wales, the Midlands and cities in the Northern Powerhouse.Firstsource...
