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Showing posts from January, 2024

Indel Money Limited Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs)

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  Indel Money Limited   Launches Public Issue of up to Rs. 200 crores of Secured, Redeemable Non-Convertible Debentures (NCDs) ·          Secured NCDs of face value of   Rs. 1,000   each ·          The Issue includes a Base Issue Size for an amount of up to   Rs.100 crores   with an option to retain over-subscription   up to Rs. 100   crores aggregating up to   Rs.200 crores ·          Issue opens on   Tuesday ,   January 30th, 2024   and closes on   Monday, February 12th, 2024 ·          Doubling of investment in 72 months – Option VIII ·          Coupon yielding up to   12.25%   per annum ·          Secured NCDs with tenure ranging from   366 days to 72 months ·          Minimum application size   10 NCDs ( Rs.10,000)   across all Options of NCDs.       Chennai, 31 January 2024   Indel Money Limited, one of the fastest growing NBFC   in the gold loan sector ,   announced the 4 th   public issue of Secured NCDs of face value   of Rs.1,000 each. The Issue opened on   Tuesday ,   Januar

Mesmerizing and Spectacular Performance by OTA Officers Leaves Onlookers Spellbound at Phoenix Marketcity Chennai

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  Mesmerizing and Spectacular Performance by OTA Officers Leaves Onlookers Spellbound at Phoenix Marketcity Chennai   Chennai, January 27, 2024 –   Phoenix Marketcity, one of the premium malls in Chennai, witnessed a breathtaking display of discipline, precision, cohesion, and musical prowess as the dynamic and distinguished cluster of the military officers from the highly esteemed Officers Training Academy (OTA) performed an exemplary display of their skills and expertise on the occasion of India’s 75th Republic Day celebrations at the Central Atrium of the mall. The event, held at Phoenix Marketcity, Chennai showcased the multifaceted talents of the OTA cadets and musicians, leaving the audience in awe. The 25-member band immersed themselves into a beautiful symphony orchestra filled with the patriotic spirit and fervour performed for songs such as Jai Ho, Kesari, Maa Tujhe Salaam and 12 other songs. The audience were cheering and were completely spellbound by the magnificently orche

Ramraj Cotton Announces ‘Kantara’ Star Rishabh Shetty as Brand Ambassador

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  Ramraj Cotton Announces ‘Kantara’ Star Rishabh Shetty as Brand Ambassador   ·   The move is aimed at fortifying the brand’s presence in Indian traditional and ethnic wear segment     Chennai, January 26, 2024:   As one of the most successful film creators of a decade, Rishabh Shetty joins partnership with 100% swadeshi brand Ramraj Cotton, India's No.1 traditional & ethnic wear clothing's for men, women and kids. ‘Kantara’ movie actor, Rishabh Shetty will be the new face and brand ambassador of Ramraj Dhotis, Shirts, and Kurtas. With this partnership, Ramraj Cotton hopes to expand the touch of swadeshi traditional wear across the country by paying homage to both the brand’s and Rishabh’s swadeshi roots. Renowned for his versatility and widespread appeal, Rishabh Shetty is set to bring his unique charm and relatability to the Ramraj Cotton brand. As the face of Ramraj, Shetty will play a pivotal role in enhancing the brand's visibility and resonance in urban as well as

Season 2 of Prashanth Hospital’s ‘Corporate Cricket Tournament’ in association with Rotary Club Promotes Good Cardiac Health For Indian Inc.

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  Season 2 of Prashanth Hospital’s ‘Corporate Cricket Tournament’ in association with Rotary Club Promotes Good Cardiac Health For Indian Inc.   CCT 2024 is set to elevate the scale of the tournament this year by organizing cricket matches across many other corporate communities in and around Chennai city. The triumphant team will be awarded a substantial cash prize of Rs. 50,000, with the runner-up securing Rs. 25,000 The funds collected from the tournament will be dedicated to a charitable contribution to the Rotary Club       Chennai, January 25 th , 2024   – Prashanth Hospitals, a leading super-speciality hospital in Chennai, proudly unveils the commencement of the 2nd season of its 'Corporate Cricket Tournament 2024' (CCT 2024) in association with RISA {Rotary, Industrial Complex Manufacturer Association (Gummidipoondi), Sholavaram to Sricity HR Forum (S2S) and Alamelu Trust (For cancer awareness)} as an integral component of its esteemed cardiac wellness campaign – Save Y

Financial Results for the Quarter/Nine months ended as on 31st December 2023

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                                                            24.01.2024: Financial Results for the Quarter/Nine months ended as on 31 st December 2023 Key Highlights (Quarter ended Dec’23 over Dec’ 22) Bank’s Global Business reached ₹11.64 lakh Cr, up by 11% YoY ·           Net Profit up by 52% YoY at ₹2119 Cr in Dec’23 from ₹1396 Cr in Dec’22 ·           Profit Before Tax up by 78% YoY at ₹2747 Cr in Dec’23 from ₹1546 Cr in Dec’22 ·           Operating Profit improved to ₹4097 Cr in Dec’23 from ₹4061 Cr in Dec’22 ·           Net Interest Income increased by 6% YoY to ₹5815 Cr in Dec’23 from ₹5499 Cr in Dec’22 ·           Fee based income grew by 21% YoY to ₹852 Cr in Dec’23 ·           Return on Assets (RoA) up by 31 bps to 1.11% in Dec’23 from 0.80% in Dec’22 ·           Return on Equity (RoE) increased by 471 bps to 19.92 % in Dec’23 from 15.21% in Dec’22 ·           Yie