Page 8 - Business Finance
Nucleus Software's Latest Version of FinnOne Neo to Help Lenders Accelerate Their Path to Digital Revenues
/ -- Transform operations with enhanced digital capabilities including voice assisted loan servicing Boost innovation and agility with market leading loan products and services Dramatically improve efficiency with best-in-class benchmark performance Nucleus Software , the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the launch of the latest version of its award-winning lending solution - FinnOne Neo 4.0. The new version comes with a wide range of features that will help lenders capitalize quickly on rapidly evolving market trends and changing customer requirements and, above all, to turn the digital opportunities into profits. (Logo: https://mma.prnewswire.com/media/893543/Nucleus_Software_Logo.jpg ) Technology shifts are forcing businesses to transform. According to Gartner, by the year 2030, digitization will make 80% of heritage financial services firms irrelevant - by going out of business, or becoming ...
Subex joins GLF's communications blockchain network
Digital technology provider Subex said on Tuesday that it will be a part of the ITW Global Leaders' Forum's Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionise the ICT service provider industry's commercial settlement infrastructure.Through its mission to accelerate the adoption of automated settlement applications, CBN represents an opportunity worth billions of dollars to the global industry in terms of costs savings and revenues from new products and services.The ITW Global Leaders' Forum is a global network of leaders from the world's largest international carriers who convene to discuss strategic issues and to agree on collaborative activities, with the aim of upholding the principle of interoperability and ubiquitous international and technological coverage.The CBN, which is expected to go live in the coming months, will be governed by a collaborative structure. Besides technology providers like Subex, the platform will see support .
Cottonseed oil cake futures fall on weak demand
Cottonseed oil cake prices dipped by Rs 43 to Rs 2,688 per quintal in futures trade Tuesday, tracking a muted trend at physical markets. On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for July delivery fell by Rs 43, or 1.57 per cent, to Rs 2,688 per quintal with an open interest of 51,760 lots. Cottonseed oil cake for August delivery also traded down by Rs 49, or 1.77 per cent, at Rs 2,717 per quintal.
Rushil Decor Ltd leads losers in 'B' group
RPP Infra Projects Ltd, GSS Infotech Ltd, Vikas Ecotech Ltd and Vikas Multicorp Ltd are among the other losers in the BSE's 'B' group today, 25 June 2019.
Volumes spurt at Hindustan Aeronautics Ltd counter
Hindustan Aeronautics Ltd notched up volume of 5.09 lakh shares by 14:19 IST on NSE, a 67.27 fold spurt over two-week average daily volume of 7571 shares
ICICI Lombard tumbles on fresh selling pressure
ICICI Lombard General Insurance Company was down 7.85% to Rs 1085.05 at 13:59 IST on the BSE after multiple block deals on stock exchanges.
Steelbird to hike helmets production capacity with Rs 150 cr investment
Helmet maker Steelbird Hi-tech India Tuesday said it is investing Rs 150 crore to enhance production capacity at its plant at Baddi in Himachal Pradesh. The company has bought 15,600 square meters of land adjoining to the existing plants. "With an investment of over Rs 150 crore, the plant will be equipped with the sector's latest technology...It will soon be equipped to manufacture 44,500 helmets per day," Steelbird Hi-tech India said in a statement. It will help the company to expand its product portfolio, add more models to the existing one and cover the entire spectrum of customer from low-end to premium-end, the company added. The current capacity at the plant is 22,000 helmets per day. Commenting on the company's plans, Steelbird Helmets Managing Director Rajeev Kapur said, "road safety has become a very important concern in our country because so many fatalities are occurring and the government is putting a lot of efforts to save human lives. And this move is in sync with the ..
Nickel futures up 0.35 pc on spot demand
Nickel prices edged up by 0.35 per cent to Rs 888.90 per kg in futures trade Tuesday amid pick-up in demand from alloy-makers at the domestic spot market. On the Multi Commodity Exchange, nickel to be delivered in July was trading higher by Rs 3.10, or 0.35 per cent, to Rs 888.90 per kg with a turnover of 4,467 lots. Analysts said expansion of positions by traders tracking pick-up in demand from alloy-makers mainly supported nickel prices here.
Spot demand lifts zinc futures by 0.84%
Zinc prices rose 0.84 per cent to Rs 203.45 per kg in futures trade Tuesday tracking a firm trend at the physical market on the back of pick-up in demand. On the Multi Commodity Exchange, zinc for July contracts was trading higher by Rs 1.70, or 0.84 per cent, to Rs 203.45 per kg with a business turnover of 3,620 lots. Marketmen said fresh positions created by participants due to pick-up in demand from consuming industries in the spot market mainly led to rise in zinc prices.
Reliance raises USD 1.85 bn in long-term loan
Oil-to-telecom conglomerate Reliance Industries (RIL) Tuesday said it has signed pacts with overseas lenders to avail long-term loans of USD 1.85 billion (about Rs 12,900 crore) to finance its capital expenditure. The fund raising comes amid reports of the company planning to infuse as much as Rs 20,000 crore into its telecom unit, Jio, to bolster broadband and e-commerce play ahead of a potential entry into 5G mobile telephony services in future. "The company has entered into agreements with offshore lenders for availing long-term loans aggregating USD 1.85 billion, primarily for meeting a part of its planned capital expenditure, in the normal course of its business," RIL said in a regulatory filing. Without giving details of the loans such as tenure and the interest rate, it went on to say that the company on an ongoing basis evaluates financing opportunities with lenders in the normal course of business and would make requisite disclosures as per regulations. In a separate filing ..
Silver futures up 0.46% on positive global trend
Silver futures traded higher by 0.46 per cent to Rs 38,250 per kg Tuesday after speculators raised bets driven by a firm trend overseas. At the Multi Commodity Exchange, silver for delivery in July was up by Rs 175, or 0.46 per cent, to Rs 38,250 per kg in a business turnover of 12,570 lots. The white metal to be delivered in September too rose by Rs 170, or 0.44 per cent, to Rs 38,740 per kg in 8,646 lots. Analysts said widening of positions by traders in sync with a firm trend on global markets for precious metals mainly influenced silver prices here. In the international market, silver traded higher by 0.45 per cent at USD 15.53 an ounce in Singapore.
Oyo managing 5 lakh rooms in China, becomes largest hotel brand
Oyo Hotels and Homes said on Tuesday it has expanded its presence to more than 337 cities in China with five lakh rooms and emerged as the largest single hotel brand.In a year-and-a-half, Oyo has surpassed the scale of traditional and established hotel chain brands in the country such as Home Inn, Hanting and others.The world's sixth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces has allocated nearly 100 million dollars (out of the 600 million dollars committed earlier) to invest in China towards quality and system improvements and customer service.The company said in a statement that it has hired over 10,000 people and created jobs for over two lakh Chinese hospitality enthusiasts. It has also announced the appointment of Zhu Lei, a seasoned professional with over 16 years of experience, as its Chief Revenue Officer."As we move into the next phase of growth at Oyo Jiudian, our focus will continue to be on hiring and retaining top talent ...
Hindalco Industries Ltd soars 1.39%, gains for fifth straight session
Hindalco Industries Ltd is quoting at Rs 200.95, up 1.39% on the day as on 12:49 IST on the NSE. The stock is down 9.87% in last one year as compared to a 8.86% jump in NIFTY and a 13.87% jump in the Nifty Metal.
SucSEED Backs i2iFunding Second Time, India's Leading Online NBFC - Peer to Peer (P2P) Lending Platform
/ -- Happy with its performance, SucSEED Venture Partners backs its portfolio company RNVP Technology Private Limited second time. Known as i2iFunding, an RBI registered leading peer to peer lending platform in India, which verifies and matches borrowers looking for unsecured loans with interested lenders. (Logo: https://mma.prnewswire.com/media/894229/SucSEED_Logo.jpg ) i2iFunding provides affordable unsecured loans to borrowers such as people with no credit history, small businessmen, self-employed personnel, grade 4 government employees, newly employed salaried personnel, and many others who are not serviced by banks or NBFCs. i2iFunding has disbursed loans of value more than Rs. 36 crs and has crossed monthly disbursal of Rs. 4 crs. i2iFunding has raised more than $1 million so far. Vaibhav Kumar Pandey, co-founder of i2iFunding, said, "Majority of India is still credit starved as it lacks traditional data which banks use to provide loan. As a result, these borrowers resort to ...
Benchmarks hit day's high
Key indices firmed up and hit fresh intraday high in early afternoon trade. At 12:25 IST, the barometer index, the S&P BSE Sensex, was up 97.04 points or 0.25% at 39,220.53. The Nifty 50 index was up 29.5 points or 0.25% at 11,729.15.
IndusInd Bank inaugurates branch at Jewar, Uttar Pradesh
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Nucleus Software launches latest version of its lending solution - FinnOne Neo 4.0
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Lupin allots 7890 equity shares
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Jindal Photo Ltd leads gainers in 'B' group
Parenteral Drugs (India) Ltd, Indoco Remedies Ltd, Igarashi Motors India Ltd and Kwality Ltd are among the other gainers in the BSE's 'B' group today, 25 June 2019.
RBI's Complaint Management System To Improve Customer Experience In Grievance Redressal Process
The newly launched Complaint Management System (CMS), symbolizes Reserve Bank of India or RBI's commitment to improve customer experience in grievance redressal process by ensuring timely resolution of complaints received at the Reserve Bank, noted the RBI Governor Shaktikanta Das. Sustaining the confidence of consumers in banks and other Financial Service Providers (FSPs) through prompt and effective grievance redressal, together with empowering customers through education is pivotal for maintaining trust in the banking system.
