Rane Madras Q1 Net falls 54.2% to Rs 1.65 crore

Auto-component manufacturer Rane Madras Ltd, part of the Rane Group, today reported 54.2 per cent fall in its first quarter net profit at Rs 1.65 crore.
The Chennai-based company had registered a net profit of Rs 3.61 crore during the year-ago period.
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Federal Bank introduces 24x7 automated chat facility * In a first if its kind initiative, private sector lender Federal Bank today introduced a 24X7 automated chat facility.
If customers have any query on the bank's products and services, they can now get it clarified by visiting the bank's website (www.Federalbank.Co.In), and chatting with Anita, the bank's virtual relationship officer/virtual agent, Federal Bank said in a statement.

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RCom's GCX to offer Amazon Web Services directly to its client * Reliance Communications' global communication services arm GCX today announced a direct access to Amazon Web Services, which offer cloud computing service for its customers.
"Using Cloud X Fusion, businesses can take advantage of our enterprise grade connectivity from 90 countries to securely connect their on-premise environments directly into an AWS Direct Connect port over our global infrastructure," Global Cloud Xchange CEO Bill Barney said in a statement.
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JU signs MoU with Genpact to develop analytics programme * Jadavpur University today signed a Memorandum of Understanding (MoU) with IT company Genpact to develop an analytics and research programme.

As part of the university's masters course in economics, the proprietary programme will provide direct exposure to risk management and financial services analytics applications to students, university officials said.
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Swipe to launch an online-only brand 'Elite' * After Micromax and XOLO, Swipe now plans to launch an online-only brand 'Elite' to sell smartphones priced between Rs 5,000-15,000.
To be launched in August, Swipe said it has conducted research for about a year-and-a-half.