BUSINESS

Majesco has released version 11 for the Majesco Distribution Management platform. This release highlights Majesco’s continued strategic investment in the distribution management solution to enable insurers to optimize their distribution channels with rich digital, distribution and data capabilities. Some key elements includes Multi-Channel Enablement, Compensation Schemes, Enhanced Onboarding and Compliance, Performance and Relationship Management and … Read more

Central Electricity Authority (CEA) in its latest data has showed that India’s power demand dropped 4.3% in November 2019 from a year ago, representing the fourth straight month of decline, potentially reflecting a worsening industrial slowdown which has stifled overall economic growth. Data showed that electricity demand fell to 94.60 billion units in November 2019, … Read more

IDBI Bank is currently trading at Rs. 34.00, up by 0.50 points or 1.49% from its previous closing of Rs. 33.50 on the BSE. The scrip opened at Rs. 33.90 and has touched a high and low of Rs. 34.45 and Rs. 33.80 respectively. So far 62332 shares were traded on the counter. The BSE … Read more

HDFC Bank is currently trading at Rs. 1252.55, up by 2.80 points or 0.22% from its previous closing of Rs. 1249.75 on the BSE. The scrip opened at Rs. 1252.50 and has touched a high and low of Rs. 1254.00 and Rs. 1213.15 respectively. So far 42553 shares were traded on the counter. The BSE … Read more

Transwarranty Finance is currently trading at its upper circuit limit of Rs. 4.50, up by 0.75 points or 20.00% from its previous closing of Rs. 3.75 on the BSE. The scrip opened at Rs. 4.22 and has touched a high and low of Rs. 4.50 and Rs. 4.22 respectively. So far 200 shares were traded … Read more

Jindal Steel & Power (JSPL) is currently trading at Rs. 143.70, up by 2.65 points or 1.88% from its previous closing of Rs. 141.05 on the BSE. The scrip opened at Rs. 143.45 and has touched a high and low of Rs. 144.45 and Rs. 142.00 respectively. So far 222173 shares were traded on the … Read more

State Bank of India (SBI) is currently trading at Rs. 312.35, down by 1.10 points or 0.35% from its previous closing of Rs. 313.45 on the BSE. The scrip opened at Rs. 311.75 and has touched a high and low of Rs. 315.60 and Rs. 308.10 respectively. So far 1248645 shares were traded on the … Read more

Union Bank of India is currently trading at Rs. 54.10, up by 0.20 points or 0.37% from its previous closing of Rs. 53.90 on the BSE. The scrip opened at Rs. 53.75 and has touched a high and low of Rs. 55.10 and Rs. 53.75 respectively. So far 335433 shares were traded on the counter. … Read more

Global rating agency, Fitch Ratings in its latest report has said that India’s non-banking financial companies (NBFCs) will go for offshore financing in 2020 as funding conditions within the local market will continue relatively tight for NBFCs overall, though some improvement since the failure of Infrastructure Leasing & Financial Services (IL&FS) in late 2018. However, … Read more