Page 419 - Business Finance
Vernacular.ai Helps Indian Businesses Find Their Voice
/ -- Next-generation customer service through voice assistants Vernacular.ai has announced that its breakthrough technology is enabling Indian businesses to achieve significantly improved outcomes in customer satisfaction. "Across sectors, we have found that 70% of call center queries are repetitive in nature and do not require human intervention. We have successfully automated these queries for multiple customers, across different languages using our Vernacular Intelligent Virtual Agent (VIVA). We have achieved a high level of accuracy given the complexities of Indian languages and pioneered algorithms to understand the customer's intent. The result is that we can deliver higher customer satisfaction (CSAT) scores for our clients compared to the previous human agent only model," says Sourabh Gupta, the Co-Founder and CEO of Vernacular.ai. While it has been known for a while now that voice and vernacular are game changers that would transform the way Indian businesses operate and ...
Mishtann Foods Reports 110% Increase in FY2019 PAT at INR 11.8 Crore
/ -- Total revenue for FY2019 at INR 481.8 crore, up by 24% Mishtann Foods Limited (MFL), one of the leading agro-product companies with primary focus on Basmati rice, has announced its audited financial results for the fourth quarter and twelve months ended on March 31, 2019. The Board of Directors recommended final dividend of Rs. 0.002/- per equity share of face value of INR 1 each, which is subject to approval by shareholders of the Company. For Q4 FY2019, MFL reported total revenue of INR 123.66 crore, as against total revenue of INR 134.2 crore reported in Q4 of FY2018 and INR 119.6 crore reported in Q3 FY2019. The company's net profit for Q4 FY2019 at INR 3.4 crore was up by 192% y-o-y and was up 16% q-o-q. For FY 2019, MFL's total revenue at INR 481.8 crore was up by 24% over FY 2018 revenue. Net profit for FY 2019 at INR 11.8 crore was up by 110% over the net profit of INR 5.61 crore reported during FY 2018. Ahmedabad based, MFL is one of the fastest growing branded Basmati .
Board of Indiabulls Ventures Partly Paid Up recommends interim dividend
Of Rs 0.4 per share
Board of Indiabulls Ventures Partly Paid Up recommends interim dividend
Of Rs 0.55 per share
CG Power & Industrial Solutions Ltd leads gainers in 'A' group
Reliance Communications Ltd, Jet Airways (India) Ltd, Rain Industries Ltd and Blue Star Ltd are among the other gainers in the BSE's 'A' group today, 08 May 2019.
BSE slides after weak Q4 outcome
BSE fell 2.87% to Rs 618.85 at 11:36 IST on NSE after consolidated net profit fell 16.46% to Rs 51.86 crore on 6.79% decline in total income to Rs 182.08 crore in Q4 March 2019 over Q4 March 2018.
Vedanta will be watched after Q4 earnings
On a consolidated basis, Vedanta's net profit fell 46% to Rs 2,615 crore on 15% decline in net sales to Rs 23,092 crore in Q4 March 2019 over Q4 March 2018. The result was announced after market hours yesterday, 7 May 2019.
Realty stocks decline
Stocks gyrated in negative zone in mid-morning trade. At 11:26 IST, the barometer index, the S&P BSE Sensex, was down 275.56 points or 0.72% at 38,001.07. The Nifty 50 index was down 86.80 points or 0.75% at 11,411.10. Realty stocks fell. The Sensex regained the psychological 38,000 level after falling below that level in morning trade. The sentiment was impacted by negative Asian stocks.
Dematerialization of Shares of Nahar Ind'l Enterprises
As on 30 April 2019
BSE board approves buyback of 67.6 lakh shares, declares dividend of Rs 30 per share in FY 19
BSE Limited (earlier known as Bombay Stock Exchange) plans to buy back its fully paid up equity shares of Rs 2 each at Rs 680 per equity share through tender offer route.The total amount of buyback size will be a maximum of Rs 460 crore. The company proposes to buy back 67.64 lakh equity shares an offer price, representing 13.06 per cent of the total paid-up equity capital.The buyback offer size represents 24.73 per cent of aggregate of the total paid up capital and free reserves.Meanwhile, BSE reported standalone net profit of Rs 201.05 crore during 2018-19. The operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) was Rs 25.32 crore as per standalone results.The board recommended payment of dividend of Rs 25 per equity share of face value of Rs 2 each. After taking into account the interim dividend of Rs 5 per share paid in the month of December 2018, the total dividend for the financial year stands at Rs 30 per equity share of face value of Rs 2 ...
Lemnisk Partners With Infosys Finacle to Co-Innovate on Digital Marketing Solutions for Banks
/ -- Lemnisk is excited to announce its partnership with Infosys Finacle. Lemnisk, an intelligent and secure Customer Data Platform for Financial Services, entered into a partnership with Finacle as part of their Finacle FinTech Connect program. (Logo: https://mma.prnewswire.com/media/883152/Lemnisk_Logo.jpg ) (Logo: https://mma.prnewswire.com/media/883153/Infosys_Finacle_Logo.jpg) Finacle FinTech Connect is an ecosystem innovation initiative that brings together banks, FinTechs, and Finacle. Through the program, Finacle identifies promising FinTech solutions from across the world and co-innovates with them to help accelerate innovations for banks. With this partnership, Lemnisk and Finacle will offer a joint solution that will enable Financial Marketers to improve customer engagement and conversions for their financial institutions through 1:1 personalization and AI-driven channel orchestration. "As banks re-imagine their business and technology landscape to stay relevant in the ...
Toyota annual net profit drops by a quarter
Japanese car giant Toyota said Wednesday its annual net profit fell by a quarter despite record sales, blaming investment losses, but it forecast an upturn in the year ahead. The maker of the Camry sedan and Prius hybrid said net profit came in at 1.88 trillion yen ($17 billion) in the year to March 31, down 24.5 per cent from the year before, which was its best-ever result. The firm forecast net profit to rise 19.5 percent in the coming year to 2.25 trillion yen. Toyota's bottom line for the past year was pushed down by some 294 billion yen in book losses on its investment portfolio. Sales rose 2.9 per cent to a record 30.23 trillion yen in the last year, leaving an operating profit of 2.47 trillion yen, which was up 2.8 perc ent on-year. For the current year to March 2020, Toyota expects operating profit will increase 3.3 percent to 2.55 trillion yen with sales forecast to sag 0.7 percent to 30 trillion yen. Satoru Takada, an analyst at TIW, a Tokyo-based research and consulting ...
Trigyn Technologies gets UNAIDS contract
On 07 May 2019
Volumes spurt at Muthoot Finance Ltd counter
Muthoot Finance Ltd registered volume of 81723 shares by 10:49 IST on BSE, a 3.35 fold spurt over two-week average daily volume of 24411 shares
Stock markets plunge again amid global worries on US-China trade conflict
Equity benchmark indices traded in the negative zone during early hours on Wednesday amid global sell-off on worries over brewing US-China trade conflict.At the National Stock Exchange, all sectoral indices except PSU bank were in the red.At 10:15 am, the BSE S & P Sensex was down 248 points at 38,029 while the Nifty 50 slipped 69 points to 11,429.Among the prominent losers was Vedanta, which dipped 2.6 per cent, a day after reporting a substantial dip in profit during the fourth quarter of fiscal 2018-19.Heavyweight Reliance Industries shed 1.8 per cent due to unstable crude oil prices globally. ONGC, Zee Entertainment, and Bajaj Auto also lost over 1.6 per cent.Stocks which showed some gains were JSW Steel, Power Grid, Indian Oil, Adani Ports, and Coal India.Meanwhile, Asian stocks dropped as the US' threat of higher tariffs on imports from China continued to reverberate through markets. Washington has accused Beijing of backtracking from commitments made during trade ...
Sensex drops below 38,000
Key indices extended fall in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was down 277.56 points or 0.73% at 37,999.07. The Nifty 50 index was down 88.25 points or 0.77% at 11,409.65. The Sensex dropped below 38,000 level. The sentiment was impacted by negative Asian stocks.
Commerce Ministry Interacts To Deepen And Strengthen India-Africa Trade Ties
India's total trade with the African region during 2017-18 was USD 62.69 billion (8.15% of India's total trade with the World). India's share of exports to African countries as a percentage of India's total exports to the world was of the order of 8.21% in 2017-18. Africa region's share in India's total imports from the World accounted for 8.12% in 2017-18. Today, African countries present immense opportunities for India with the world's largest land mass, 54 countries, a population growing to be almost equivalent to that of India, huge mineral resources, oil wealth, a youthful population, falling poverty levels and increasing consumption patterns. Thus, Africa has a huge demand for new business models for market entry, stable market access, entrepreneurship and investments in transport, telecom, tourism, financial services, real estate and construction.
Sensex drops 250 pts; Nifty below 11,450
The benchmark BSE Sensex extended its losing streak by falling over 250 points in early trade Wednesday, led by losses global markets amid rising US-China tension. The 30-share index was trading 205.12 points, or 0.54 per cent, lower at 38,071.51. Similarly, the broader NSE Nifty was down 63.65 points, or 0.55 per cent, at 11,434.25. Top losers in early session were RIL, ONGC, Vedanta, NTPC, Bajaj Auto, Bajaj Finance, HDFC twins, HUL and SBI, shedding up to 1.57 per cent. On the other hand, Bharti Airtel, PowerGrid, IndusInd Bank, ICICI Bank, Tata Steel, Yes Bank and Sun Pharma were the top gainers, rising up to 0.82 per cent. In the previous session on Monday, the BSE bourse ended 323.71 points, or 0.84 per cent, lower at 38,276.63. The NSE Nifty too dropped 100.35 points to settle below the 11,500 level at 11,497.90. According to Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management, markets across the globe have been weak as the resumption of trade war threats continue .
Rupee slips 21 paise to 69.64 vs USD in early trade
The rupee opened on a weak note and declined by 21 paise to 69.64 against the US dollar Wednesday, as the US-China trade related concerns weighed on investor community. Forex traders said, besides the US-China trade concerns, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on the Indian rupee. The rupee opened weak at 69.57 at the interbank forex market and then fell further to 69.64, down 21 paise over its last close. The rupee had settled at 69.43 against the US dollar Tuesday. Meanwhile China is reportedly sending a high-ranking delegation, led by Vice Premier Liu He, to Washington to resume trade negotiations with the United States. Reports of He's visit come after two days of uncertainty on the fate of US-China trade negotiations as President Donald Trump and his top officials accused China of going back on its commitments. Trump had also announced to increase import tariff on USD 200-billion worth of Chinese products from .