Emmforce Autotech Limited has reported a strong financial and operational performance for the half-year ending September 30, 2024. The company, renowned for its commitment to innovation and strategic investments, showcased remarkable resilience and growth across key metrics, positioning itself for sustained success. Revenue from operations reached ₹3,505.42 lakhs during the period, a figure buoyed by […]
Harshil Agrotech Limited is set to make a significant stride in expanding its agricultural footprint with a major acquisition deal on the horizon. The company is on the brink of finalizing the acquisition of 705 Bigha of land for contract farming with Shri Harijan Samaj Sahkari Mandli. This move is strategically aimed at enhancing Harshil […]
A significant factor in this financial upsurge was the bank’s strategic divestment of a 70% stake in Kotak General Insurance to Zurich Insurance Group, a move that aligns with global insurance standards and enhances Kotak’s focus on core banking operations. This transaction alone contributed ₹3,013 crore to the consolidated PAT and ₹2,730 crore to the […]
Zilch, recognized as the world’s first ad-subsidised payments network (ASPN), has announced a significant financial milestone with a £100 million securitised debt financing arranged by Deutsche Bank. This strategic funding is set to catalyze Zilch’s expansion and enhance its ability to develop and launch innovative products, aiming to serve an even broader customer base. Since […]
Piramal Capital & Housing Finance Ltd (Piramal Finance), a premier diversified financial services company and a wholly owned subsidiary of Piramal Enterprises Limited (PEL), today announced a remarkable milestone, having surpassed INR 50,000 crore in assets under management (AUM) of retail loans. This achievement underscores the company’s robust growth trajectory and strategic expansion in the […]
UGRO Capital Limited (NSE: UGROCAP | BSE: 511742), a leading DataTech non-banking financial company (NBFC) specializing in MSME lending, today announced the successful completion of its substantial equity capital raise, securing INR 1,265 Crore through the allotment of Compulsory Convertible Debentures (CCD) and warrants. This financial move was part of a larger equity capital raise […]
Purple Finance Limited has officially entered the public market with its successful listing on BSE Limited under the Scrip ID PURPLEFIN and Scrip Code 544191. This significant milestone was met with considerable investor interest, as evidenced by the stock’s opening price of INR 119.02 and a closing at INR 123.07, reflecting a strong market reception […]
Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) today announced the successful completion of its merger with Summit Financial Group, Inc. (Nasdaq: SMMF), marking a significant milestone in the history of both companies. Effective May 3, 2024, Summit Financial Group has merged with and into Burke & Herbert, including the merger of Summit Community Bank, […]
IDFC FIRST Bank, a leading financial institution in India, has reported a notable increase in its profit after tax (PAT) for the fiscal year ending March 31, 2024. The PAT grew by 21% year-over-year, rising from Rs. 2,437 crore in FY23 to Rs. 2,957 crore in FY24. This growth is even more pronounced at 28% […]
Corebridge Financial, Inc. (NYSE: CRBG), a leading entity in the life and retirement products sector, has successfully concluded the sale of its UK-based life insurance business, AIG Life Limited, to Aviva plc, one of the foremost names in the financial services industry. This transaction, valued at £453 million, marks a significant milestone for Corebridge, allowing […]