Saturday, August 15, 2020
News
NEWS HOME
PRN INDIA
Arman Financial Reports Highest Ever Annual Profit After Tax of ₹ 41.5 Crores in FY20
  SocialTwist Tell-a-Friend  
   

- Consolidated AUM grows to ₹ 860 Crores; up 26% Y-o-Y

AHMEDABAD, India, June 30, 2020 /PRNewswire/ -- Arman Financial Services Limited (Arman), a Gujarat based non-banking financial company (NBFC), with interests in microfinance, two-wheelers, and micro-enterprise (MSME) loans, announced its financial results for the fourth quarter and full year ended 31st March 2020.

Particulars (In ₹ Crores)

Q4 FY20

Q4 FY19

YoY%

FY20

FY19

YoY%

Assets Under Management (AUM)

859.9

684.8

26%

859.9

684.8

26%

Total Disbursement

229.2

220.5

4%

873.6

783.6

12%

Gross Total Income

55.5

41.3

34%

215.1

139.6

54%

Pre-Provisioning Operating Profit

14.9

11.1

34%

73.8

42.7

73%

Total Provisioning & Write-Offs

11.9

2.4

396%

20.0

6.5

207%

Provisioning & Write-Offs *

5.2

2.4

117%

13.3

6.5

105%

Addl. COVID Specific Provisioning

6.7

-

-

6.7

-

-

Profit After Tax

3.8

7.2

(47%)

41.5

26.4

57%

Profit After Tax (Adj. for Covid Provision)

10.5

7.2

46%

48.2

26.4

82%

GNPA %

1.1%

1.0%

6 bps

1.1%

1.0%

6 bps

NNPA %

0.2%

0.5%

(28 bps)

0.2%

0.5%

(28 bps)

RoE % **

8.9%

23.8%

(1489 bps)

28.1%

29.7%

(161 bps)

RoE %** (Adj. for COVID Provisioning)

24.7%

23.8%

84 bps

32.6%

29.7%

291 bps


Note: * Provisioning & Write-offs also includes ₹ 3.9 crores for aggressive write-offs for Pre-COVID NPAs during Q4 FY20.

** RoE figures have been computed a fully diluted equity base and annualized for Q4 FY20 & Q4 FY19

Consolidated Financial Highlights - Q4 FY2020

  • Assets under management as on 31 March 2020 stood at ₹ 860 crores (+26% YoY). COVID induced disruption in March led to a lower booking in AUM by ₹ ~75-80 crores. Adjusted for this the AUM growth would have been in the range of 35-40% YoY. (AUM in Feb-20 was ₹ 890 crores - higher by 37% YoY vis-a-vis ₹ 650 crores in Feb-19)
  • Disbursements were marginally higher at ₹ 229.2 crores in Q4 compared to the same quarter in the previous year. Due to the COVID disruption in March, disbursements were only 20% of the targeted volumes as majority of disbursement occur in last week of the month. Adjusting for this, the growth in disbursements would have been 35-40% YoY. (Disbursements for "Jan-Feb 2020" were higher by 33% YoY)
  • Shareholders Equity stood at ₹ 172.2 crores as on 31 March'20 (BVPS is ₹ 204)
  • Comfortable Leverage Position: Debt-Equity Ratio as on 31 March'20 was 4.1x (excludes direct assignment)
  • Net Total Income increased by 36% YoY to ₹ 30.7 crores up from ₹ 22.5 crores
  • Pre-Provisioning Operating Profit rose by 34% YoY to ₹ 14.9 crores as against ₹ 11.1 crores, driven by strong growth in Net Total Income and efficient cost management
  • Provisions during the quarter increased to ₹ 11.9 crores, as the company prudently created a (1) contingency provision of ₹ 6.7 crores on account of Covid, and further (2) took aggressive write-offs of ₹ 3.9 crores for pre-COVID NPAs
  • Profit after tax stood lower at ₹ 3.8 crores. Adjusted for the contingency provision due to COVID - (1) PAT growth would have been 46% on YoY basis, and the (2) ROE would have been 24.7%
  • Asset quality continued to remain robust - Consolidated GNPA stood stable at 1.1%, and NNPA improved to 0.2%
  • Total operational branches as on 31 March 2020 stood at 211 (170 in MFI, 35 in MSME and 6 in 2W)

Consolidated Financial Highlights - FY2020

  • Net Total Income increased by 57% YoY to ₹ 127.6 crores up from ₹ 81.2 crores
  • Pre-Provisioning Operating Profit rose by 73% YoY to ₹ 73.8 crores compared to ₹ 42.7 crore
  • Profit after tax grew by 57% YoY to ₹ 41.5 crores despite the higher provisioning taken on account of COVID. Adjusted for the contingent COVID provisioning - (1) PAT growth would have been 82% YoY, and (2) ROE would have been 32.6%

Update on Liquidity

  • Sufficient reserves to cover the (1) necessary operational expenses for the next 6 months, and (2) other immediate liabilities. The company did not seek any moratorium from lenders in March 2020 and received moratorium from most of its lenders in April & May 2020.
  • Liquidity position has improved substantially in June driven by the pick-up in collections. As a result, for June, the company has repaid all obligations that were due and not applied for any moratorium.
  • Successfully raised ₹ 160 crores in Q4 FY20, and ₹ 75 crores since the lockdown to bolster liquidity. ₹ 30 crores was received from NABARD and ₹ 35 crores received from SIDBI at very attractive rates of 7.1% and 7.0%, respectively.

Commenting on the company's performance in FY20, Mr. Jayendra Patel, Vice Chairman & Managing Director, Arman Financial Services said, "Arman reported its highest ever annual net profit of ₹ 41.5 crores in FY20, despite facing multiple external and macro-economic challenges during the year. To deal with any potential deterioration in the asset quality in FY21, we have prudently earmarked ₹ 6.7 crores (0.8% of AUM) as contingent provision for COVID and further undertaken an aggressive write-off of ₹ 3.9 crores for the pre-COVID NPAs. A combination of sustained strong growth in the MFI and the MSME book, higher NIMs, and an improved cost-to-income ratio helped us to deliver a robust operating performance with the pre-provision operating profit rising by 73% to ₹ 73.8 crores. Further, the gross and net NPA levels have continued to remain low, and steady vis-à-vis FY19.

Post the announcement of the nation-wide lockdown in March, we had temporarily closed all of our branches and suspended our operations. We gradually re-started our branch operations from May onwards, with the majority of the collection operations resuming post 1st June 2020. As of today, almost all of our branches are fully operational, with a few of them operating from different locations as they were originally located in containment zones. In-line with the broader microfinance industry, and as advised by SRO bodies like MFIN and Sa-Dhan, we extended moratorium to all our MFI and MSME customers for the months of April & May 2020. Meanwhile, in the 2W segment, we continued to accept collections in April & May, granting a moratorium to only the customers that specifically requested for it.

We have resumed our MFI and MSME collections from 1st June onwards, and so far, we have received very encouraging response as a majority of our customers have repaid their dues for the month of June and have not requested for any further moratorium. In the 2-wheeler segment, collections in June have seen a material improvement compared to April & May. It is a positive sign that a majority of our customers are willing to repay even though the RBI has extended the moratorium until 31st August. As the bulk of our MFI & MSME customers are based in rural India (>85% of AUM) and engaged in essential activities they are relatively less impacted. Moreover, the various economic relief measures announced by the Government for the bottom-of-the-pyramid is also expected to support quicker on-ground recovery. Repayment rates for June 2020 dues are expected to close at ~59% for the MFI segment; 84% for the MSME segment; and 85% for the 2-wheeler segment. The remaining customers remain under moratorium, though most have expressed a desire to resume repayments in 1 or 2 months and are not expected to use the full moratorium tenor available until August 31, 2020.

While it is difficult to predict the trajectory that the COVID-19 pandemic will take in the coming months and the year, as things stand today operationally speaking, we feel that the worst is behind us and in the next few months we will be focused on getting the repayment rates back to a semblance of normalcy, towards which we have made significant strides in the Month of June 2020. Going forward, we expect our collection efficiency to improve substantially over the next 2-3 months as the unlocking of economy gains pace and the RBI mandated moratorium ends in August 2020. Our primary focus will be on protecting our asset quality & improving collections from the field, maintaining a healthy liquidity position, and keeping our operating costs in check. The situation on the ground will require us to be nimble and constantly adapt to changing circumstances, a difficult task even during normal times, much less a global pandemic.

A special thanks to all the stakeholders of Arman, especially the employees who many times went above and beyond the call of duty to ensure the best interests of the company, and many who had to 're-learn' and 'un-learn' their jobs to adapt to the changing ground situations. Our mostly rural customers remain resilient as ever and will need credit in the coming months and years to rebuild their businesses; to that end, our mission to help the bottom of the pyramid becomes more critical than before. On the whole, we remain confident of overcoming these near-term challenges, and getting back on our growth trajectory as the conditions gradually normalize. We thank everyone for their outpouring of wishes and encouragement during the exceedingly difficult past few months. Together, we will persevere, and come out stronger and more resilient than ever before."

Segmental Performance Update - Q4 & FY2020 v/s. Q4 & FY2019

Microfinance - Financial Highlights

Particulars (In ₹ Crores)

Q4 FY20

Q4 FY19

YoY%

FY20

FY19

YoY%

Assets Under Management

621.5

483.8

28%

621.5

483.8

28%

Total Disbursement

180.2

165.7

9%

653.1

589.6

11%

Gross Total Income

39.0

27.8

40%

148.4

94.0

58%

Pre-Provisioning Operating Profit

9.4

7.1

33%

46.2

25.9

79%

Total Provisioning & Write-Offs

7.8

1.7

367%

13.3

3.7

259%

Provisioning & Write-Offs *

3.3

1.7

97%

8.8

3.7

137%

Addl. COVID Specific Provisioning

4.5

-

-

4.5

-

-

Profit After Tax

2.1

4.2

(50%)

25.2

15.7

61%

Profit After Tax (Adj. for Covid Provision)

6.6

4.2

59%

29.7

15.7

90%

GNPA %

0.9%

0.5%

38 bps

0.9%

0.5%

38 bps

NNPA % ***

0.9%

0.5%

38 bps

0.9%

0.5%

38 bps

NNPA % (after ECL Impact)

0.0%

0.1%

(5 bps)

0.0%

0.1%

(5 bps)


Note: * Provisioning & Write-offs also includes ₹ 2.4 crores for aggressive write-offs for Pre-COVID NPAs during Q4 FY20.

*** Provisioning for NBFC-MFIs are on Standard Assets. The NNPA% does not consider provisioning on Standard Assets

  • MFI AUM stood at ₹ 621.5 crores - higher by 28% YoY vis-à-vis last year. Disbursements rose by 9% YoY to ₹ 180.2 crores in Q4 FY20, even as the disruption caused by COVID impacted the March disbursements by ₹ 50-55 crores. Notwithstanding the COVID disruption, the AUM and Disbursement growth would have been higher at 40-45% YoY.
  • Gross NPAs were slightly higher at 0.9% in Q4 FY20. Post ECL adjustment, NNPA % stood at 0.01%
  • The company adopted a conservative stance and took higher provisioning in Q4 FY20 to account for any potential deterioration in asset quality in FY21. This includes recognizing contingent provision for COVID of ₹ 4.5 crore and an aggressive write-off of ₹ 2.4 crore for pre-covid NPA's over and above the ECL provision.
  • PAT in Q4 FY20 was lower at ₹ 2.1 crores on account of higher provisioning. Despite the higher provisioning, for the full-year FY20, the net profit grew by 61% YoY to ₹ 25.2 crores. Adjusted for contingent COVID provisioning, the PAT growth for Q4 FY20, and for full-year FY20 would have been 59% YoY and 90% YoY, respectively.

Two-Wheeler & MSME - Financial Highlights

Particulars (In ₹ Crores)

Q4 FY20

Q4 FY19

YoY%

FY20

FY19

YoY%

Assets Under Management

238.4

201.0

19%

238.4

201.0

19%

Total Disbursement

49.0

54.8

(11%)

220.5

194.0

14%

Gross Total Income

17.2

14.3

20%

70.1

48.4

45%

Pre-Provisioning Operating Profit

5.9

4.5

32%

29.5

18.5

60%

Total Provisioning & Write-Offs

4.1

0.7

460%

6.7

2.8

138%

Provisioning & Write-Offs *

1.9

0.7

159%

4.5

2.8

60%

Addl. COVID Specific Provisioning

2.2

-

-

2.2

-

-

Profit After Tax

2.1

3.5

(38%)

18.2

12.4

48%

Profit After Tax (Adj. for Covid Provision)

4.4

3.5

24%

20.4

12.4

65%

GNPA %

1.5%

2.2%

(69 bps)

1.5%

2.2%

(69 bps)

NNPA %

0.7%

1.5%

(79 bps)

0.7%

1.5%

(79 bps)


Note: * Provisioning & Write-offs also includes ₹ 1.5 crores for aggressive write-offs for Pre-Covid NPAs during Q4 FY20.

  • 2W & MSME AUM increased by 19% YoY to ₹ 238.4 crores in Q4 FY20
    • MSME book continued to see good traction - recording a growth of 44% YoY to ₹ 143 crores
    • 2W AUM declined by 7% YoY to ₹ 95 crores, as the portfolio growth was adversely impacted by the ongoing slump in two-wheeler sales, and the COVID induced disruption in March.
  • Notwithstanding the COVID disruption which hampered disbursements in March, the growth in the standalone AUM and Disbursements in Q4 FY20 would have been significantly higher at 32% YoY and 39% YoY, respectively.
  • GNPA % and NNPA % improved to 1.5% and 0.7%, respectively
  • Provisions increased to ₹ 4.1 crores in Q4 FY20 as against ₹ 0.7 crores in Q4 FY19. This increase in provisions is primarily due to creation of contingent provision of ₹ 2.2 crores on account of COVID (MSME: ₹ 0.3 crores, 2W: ₹ 1.9 crores). Further, the company had raised standard provisioning on the MSME book to 1.0% compared to 0.4% earlier, resulting in additional 0.6% provision on standard assets for possible future COVID impairments. The company has also taken an aggressive write-off for the pre-COVID NPAs resulting in an increase of 1.5 crores in provisioning for Q4 FY20. This is above and beyond the ECL and statutory provisioning requirements.
  • Net Profit declined to ₹ 2.1 crores in Q4 FY20 primarily due to higher provisioning. However, for the full-year FY20, PAT grew by 48% YoY to ₹ 18.2 crores for full-year Notwithstanding the contingent COVID related provision, the growth in net profit for Q4 FY20 and full-year FY20 would have been higher at 24% YoY and 65% YoY, respectively.

About Arman Financial Service Limited

Arman Financial Services Ltd (BSE: 531179) is a category 'A' Non-Banking Finance Company (NBFC) active in the 2-Wheeler, MSME, and Microfinance Lending business. The Microfinance division is operated through its wholly-owned subsidiary, Namra Finance Ltd, an NBFC-MFI. The group operates mostly in unorganized and underserviced segment of the economy and mostly serves niche rural markets in Gujarat, Madhya Pradesh, Uttar Pradesh, Maharashtra, Uttarakhand, and Rajasthan through its network of 211 branches and 70+ dealer touchpoints.

Arman's big differentiator from a Bank and other NBFCs is the last mile credit delivery system. They serve areas and clients where it is simply not possible for banks to provide financial services under the current market scenario. For more information, please visit our web site www.armanindia.com.

For more information, contact:
Vivek Modi, CFO
Arman Financial Services Ltd
Tel: +91-79-40507000
vivek@armanindia.com

Mandar Kapse, Investor Relations
Dickenson World
Tel: +91-98675-50004
armanfinancial@dickensonworld.com

Mehul Mehta
mehul.mehta@dickensonworld.com
+91-9820280325
Director, Dickenson World

More News by PR Newswire India

Sai Life Sciences opens new, state-of-the-art Research & Technology Centre in Hyderabad

Memo Therapeutics AG and Northway Biotechpharma Collaborate on the Fast-Track Manufacturing of a SARS-CoV-2-Neutralizing Antibody for the Therapy of COVID-19

Glenmark's consolidated revenue grew by 0.94 % at Rs. 23,447.87 Mn. for Q1 FY 2020-21

NEXOMON: EXTINCTION the Surprising New Monster Catching Game That's Storming the Charts

Automotive Applications to Spur Demand for Surface Treatment Chemicals by 2026

With a Brand Value of Over 105 Billion Yuan, Shanghai Electric Ranks 48th Most Valuable in China

EsseNVideri Media acquires the Indian affiliate site Guide2Gambling.in

DCW Limited announces Q1FY21 results with 60% PAT growth QoQ

DITP organizes the 'TILOG-LOGISTIX Online Business Matching' inviting foreign buyers to negotiate business with leading logistics operators in Thailand

Journal of the American College of Cardiology publishes 10-year safety and efficacy data on VIVO ISAR, Translumina's polymer-free drug eluting stent

CtrlS builds World's 1st Solar Powered Rated-4 Datacenter Building powered by Integrated Vertical Solar System from WAAREE

Dukaan - an app to save Indian businesses in COVID-19 lockdown

Violet Defense's UV Disinfection Technology Proven Up to 99.99% Effective Against Coronavirus

AGC Networks completes the Acquisition of Pyrios

ViewSonic Holds "ColorPro Award Global Photography Contest" to Highlight the Spirit of Kindness

Ramesh Abhishek joins Cyient's Board of Directors

Rising Infrastructure Investment in Asia-Pacific Fuels Growth in the Global Belt and Chain Drives Market

Cobalt Iron Applauded by Frost & Sullivan for Enabling Enterprises to Backup and Manage Their Data Efficiently With Its Compass Solution

STEM Learning Presents the Second Edition of the 'National STEM Program 2021': Igniting Scientific Temper of Govt School Students

Comviva Attains TM Forum Open API Conformance Certification for Business Support Systems Suite

Ajinomoto Bio-Pharma Services Expands Small Molecule Manufacturing Capabilities at its India Facility

Iridium Announces Beta Partners to Validate its New Iridium Edge® Solar Remote Asset Management Device

SHL's Virtual Assessment and Development Center Receives HR Tech Award For Best Innovative Tech Solution

HashedIn announces a strategic partnership with Snowflake

Frost & Sullivan Reveals Global Light Commercial Vehicle Market Outlook for 2020

Poonawalla Finance rolls out a special Term Loan scheme for Chartered Accountants (CAs)

Xinhua Silk Road: Vegetarian capsule becomes new trend of international dietary supplement market in 2020

Jana Small Finance Bank offers 90% LTV on Gold Loan

Powerful and Proven: Community Health Workers Can Build Health and Equity During Pandemic & Beyond

Optum pledges ₹11 crores towards fight against COVID-19

Bright Pattern Selected as Finalist for 'Disruptive Technology Solution of the Year' for Customer Contact Week (CCW) Excellence Awards

Denver-based Disruptive Tech Company Makes Inc. 5000 Fastest Growing Company List For the 4th Time in a Row

Launching the world's only 'Quick Mining' platform which provides De-Fi services based on a mining platform

Spotware Celebrates 10 Years of Fintech Innovation

S. Korea's KT to Expand Global Data Center Business with KIND

Mobile Programming LLC Launches COVID-19 Contact Tracing Application to Keep Employees Safe

MAS Financial Services Limited results - 1st quarter FY 21

Powerhouse Products Driving Strong Momentum For Oracle Cloud In Asia

Linen Club from Aditya Birla Group unveils new brand identity and logo

Srikanth Swaminathan Joins Investis Digital as Managing Director of its Baroda, India Office

HotForex Launches CFDs on ETFs and DMA Stocks on its MT5 Platform

Coralogix Expands Its India Operations with AWS Regional Server Support

VeChain Announces A Market Ready Blockchain Food Safety Solution Powered By VeChain ToolChain™

Mitsubishi UFJ Financial Group (MUFG) Selects AxiomSL To Automate Daily Equity Position Monitoring And Reporting Globally

Harry Cayton CBE Joins Thentia's Board of Directors

Zoomlion Joins Fighting on Front Line of the Unprecedented Flood in China

Cadence Delivers Machine Learning-Optimized Xcelium Logic Simulation with up to 5X Faster Regressions

Tanla announces un-audited financial results for Q1FY2021

Frost & Sullivan Recognizes RingCentral as Innovation Leader in the European Hosted IP Telephony and UCaaS Industry

Azeus Takes Lead in Redefining The Future of e-AGMS by Enabling The Borderless Intertwine Between Physical and Virtual AGMs

Cambridge Isotope Laboratories, Inc. Announces Expansion of 13C Capacity at Ohio Plant

World's first graduate-level AI university opens admissions cycle for Fall 2021 cohort

Committed to make Punjab an Industrial & Agricultural powerhouse, says Chief Minister, Punjab

Unbxd announces game-changing 5-minute AI-powered search and product discovery setup tool for online retailers

Valuefy steers against the currents to hire a new COO as part of their global expansion

Impetus has donated 1000 pulse oximeters for home isolation: out of which 600 patients have recovered

Indian Exports Sentiment to Grow Stronger September Onwards Led by the Holiday Season in the West

Forrester Announces Conference Agenda For Summit Asia Pacific 2020

CyberProof Ranked as a Midsize Managed Security Services Provider (MSSP) Leader by Independent Research Firm

42Gears' SureMDM Bags the Second Prize in the Digital India AatmaNirbhar Bharat Innovate Challenge

Big Data Exchange (BDx) Nanjing Data Center First to Receive Uptime Institute's Tier III Certification in Nanjing

Arria unveils new Natural Language Technology to support augmented analytics and report automation--making it possible to add NLG to any API-based platform

BNI® Global Continues Innovation by Welcoming New Chief Product Officer

Clarifai is revolutionizing the way unstructured data is labeled

SIRVA Expands Global Removal Services in Europe

SEMI Partners with GLOBALFOUNDRIES to Offer Apprenticeship Program Aimed at Building the Electronics Talent Pipeline

Reveal Acquires NexLP to become the leading AI-powered eDiscovery Solution

Entrust Datacard Lauded by Frost & Sullivan for its End-to-End, Customized Certificate Solutions

DMICDC Logistics Data Services (DLDS) brings additional features for LDB users

Dalmia Cement launches DSP Jaandaar Dhamaka Offer, provides slew of offers to customers

Introducing Motional: The Hyundai Motor Group and Aptiv Autonomous Driving Joint Venture Unveils New Identity

Comviva recognized in the Gartner Market Guide for Digital Banking Multichannel Solutions and The Gartner Digital Commerce Vendor Guide, 2020

Contemporary Ethnicwear Brand, Melange by Lifestyle, Announces Deepika Padukone as Brand Ambassador

Xinhua Silk Road: China Liuyang releases investor-inviting cultural tourism program to sharpen city image

7PSolutions, Leader in Logistics Security and Risk Management Partners with Mexico's Leading Security and Tracking Expert

Firmenich appoints Benoit Fouilland as Chief Financial Officer

MoMAGIC Enters a Strategic Partnership with Qisda Group for AI SaaS Platform, To Offer Consumer Digital Footprint and Online Monitoring of Public Opinions for Retail Industry

Huawei Partners with Merriam-Webster to Bring World-Class Dictionary App to AppGallery Users

AxiomSL the front runner in corroborating FRTB calculations with ISDA benchmarking to meet industry regulatory requirements

KARAM Industries launches Disposable KARAM Face Mask range; Strengthens the healthcare portfolio

Edelweiss Tokio Life - Active Income Plan: A Comprehensive Retirement Planner

Ampersand Group completes Online Teacher Training in Jammu & Kashmir

Milken Institute Asia Summit Scheduled for December 8-10, 2020

Firmenich Proved its Resilience in a Year of Significant Uncertainty

Deepak Nitrite reports a resilient performance amidst CoVID-19 uncertainties

Emmvee, a Trusted Solar Energy Partner Since 1992

Noted Veterinarian Dr. Suresh Jagdale Gears up to contest upcoming VCI election

Saksoft Limited: EBITDA Margin at 15.8%, growth of 93 bps on Q-o-Q basis

Xinhua Silk Road: Changshu intensifies efforts to further optimize business environment

Xinhua Silk Road: Seraphim inks 150MW PV module supply agreement with Raystech at SNEC PV POWER EXPO 2020

CEOs: Post-Covid changes are permanent and there are more to come

/C O R R E C T I O N -- Vype/

PHC Holdings Corporation and Ascensia Diabetes Care Announce Financing Agreement and Exclusive Global Commercial Agreement With Senseonics

SIRVA Earns Highest Average Score in Relocation Mortgage Overall Satisfaction

Global Fund Launches Search for Inspector General

NEOM selects U.S. construction leader Bechtel to accelerate primary infrastructure development for its Cognitive Cities

ECHO India and Naukri.com launch COVID Healthcare Professionals Initiative to scale up India's response to COVID-19

Xinhua Silk Road: Eastern Chinese city attracts investors by creating sound biz environment

Informa Markets in India in association with Jewellery NET announces launch of the 'Jewellery & Gem Virtual Exhibition'

Frost & Sullivan Reveals Innovative Technologies to Revolutionize the Global Building Automation Systems Market

One of India's Most Affordable Modern PC for Daily Use - RDP ThinBook2

miR Scientific Announces Validation of its Urine Based, Non-Invasive Prostate Cancer Test Published in the Journal of Urology

TATA Projects completes Surathani-Phuket transmission line project in Thailand

Penta Security Acclaimed by Frost & Sullivan for IoT-Based Innovative Smart Security Solutions

New York Times best-selling author, Martin Lindstrom launches new COVID-safe travel tips e-book

Kavalan Announces its Second 'STR Whisky'

Hisense and Paris Saint-Germain announce global partnership

JD Institute Announces the Commencement of Fashion Styling - Online Certification Program

AIC-IIITH Foundation Selects 10 Tech-based Social Enterprises Focused On Sustainable Development Goals

Tejas Networks bags Rs. 66 crore order for a prestigious Indian Defence Network Project from L&T Construction

Xobin launches standardized assessments and interviews for remote recruitment

Building AQuisition Partners United Brings Asian Investors Into Fund

Hyundai Motor Announces IONIQ Brand Dedicated to EVs, Opening New Chapter for Customer-Centric EV Experiences

THRIVE II: This Is What It Takes releases trailer August 8th in 15 languages for sequel to one of the top watched documentaries of all time

First liquid biopsy to receive FDA Approval for comprehensive tumor profiling across all solid cancers, Guardant Health's Guardant360® CDx, gains credibility among oncologists in Asia, Middle East and Africa.

First hospitals in U.S. implant next-generation cardiac device to reduce risk of stroke

Vype Celebrates 30 Days of Summer with 30 Prize Draws

TekMonks launches globally successful work-from-home digital solutions in India

Huawei Users Get Gifts to Celebrate Motorball Launch on AppGallery

Shemaroo, TVS Credit among leading brands increase Push Notifications Delivery by 50 to 70% with Netcore's Smart Push

GE Healthcare and NTTF partner to offer courses for healthcare technician roles

SGS is Accredited by The National Accreditation Board For Certification Bodies for Certification Of PPE Medical Coveralls for Exports

IAS First to Integrate with Google Ads Data Hub for Viewability and Brand Safety, Bringing Advertisers Privacy-Centric Metrics Across YouTube

ETMONEY launches India's Favourite Investment product, Fixed Deposits, assuring up to 7.35% returns

OKEx's BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

Thentia Closes Series A With BDC to Bring Advanced Tech to Regulation

Dietary cholesterol and phytosterols contribute directly to heart disease

Media Advisory - BMO Financial Group to Announce its Third Quarter 2020 Results

CoinPayments Launches Global Business Development & Partnerships Team, Hires Key Executives in North America and Europe to Drive Growth

Covistat, Biopharmaceutical Company Developing Low-Cost COVID-19 Treatment, Acquires IP From World Leader in Respiratory Disease Medicine

Alembic Pharmaceuticals raises INR 750 crores via QIP, issue subscribed by nearly 2x. Monarch Networth Capital Ltd banker to the issue

Simplilearn and NSDC Announce Collaboration to Upskill Professionals in Digital Skills

Russell Reynolds Associates Acquires Cultural Analytics Business From Workplace Analytics

Scener and Agora Partner to Scale Watch Party Platform After Seeing 100x Growth

Enhanced Technologies Help E-commerce Platforms and Merchants Deliver a More Intelligent Live Streaming Experience

OnePlus and PUBG MOBILE Team Up to Deliver Exclusive 90 FPS Experience for Mobile Gamers

Milliman adds J.P. Augeri to global retirement and benefits team

Borderless Capital Invests in and Partners with StakerDAO to Accelerate Access to DeFi Across Algorand Ecosystem

The 23rd TDO® Software and 2nd GentleWave® User Meeting Moving to an All Virtual Experience

Smarten Announces an Innovative eLearning Course, 'Be a Citizen Data Scientist - Aspire, Inspire, Become'

Token Metrics launches 14 AI cryptocurrency indices

Caprion-HistoGeneX and Viroclinics-DDL announce a strategic partnership to offer integrated, complementary services to advance infectious disease research and COVID-19 therapeutic development

Thailand BOI Urges Investors to Focus on Business Upgrades Ahead of 2021 Recovery

Timex Brings Back '80s Nostalgia With The Launch Of T80 PAC-MAN™ In India During Amazon Prime Day 2020

Global Gas Industry Set to Resume Growth Post-Pandemic, Adopt Low-Carbon Technologies for Long-Term Growth

Celgard Successful in UK Court and is Granted Injunction Against Senior Battery Separator Imports Through Trial

CIIE: Larger, high-quality international import expo gearing up for November

REDD Intelligence Closes $5.8m Equity Financing to Accelerate Global Expansion, Expand Emerging Market Research Offering, Open London Office

Call for Entries now open for Lexus Design Award India 2021

Endress+Hauser Commended by Frost & Sullivan for Leading the Liquid Analyzer Market with Its Best-in-class Digital Instrumentation and Solutions

Lasa Supergenerics Q1FY21 Pat at 5.37 crs, Up 437% YoY

MSI unveils exciting Independence Day Sale offers on Flipkart and Amazon

IPM India Wholesale Trading Private Limited is Great Place to Work® Certified

CIE@IIIT Hyderabad announces 11th Cohort of deeptech and 5th Cohort of medtech Accelerators

Glenmark introduces higher strength (400 mg) of FabiFlu® to reduce pill burden of COVID-19 treatment

The Global Business Barometer improved for the second straight month, with the 3-month outlook for many industries moving from "much" to "somewhat" worse

PayU enables merchants to scale up financial operations with enhanced payouts solutions suite

'Let go of your Ego and you will find God'- The new E-book by AiR shows the way to find God

KBC releases Value Chain Optimization Manifesto to guide an embattled Energy and Chemical industry back to profitability

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
When streets turn less fatalistic, Pak t...
I-Day celeberations: Beating retreat, BS...
Expansion of NCC in 173 coastal and bord...
Every village to be connected with optic...
Move forward with 'Make for World' mantr...
Telangana: CCS Shamshabad team apprehend...
More...    
 
 Top Stories
Want to emulate the way Harmanpreet... 
Beijing wholesale market reopens as... 
Independence Day celebrated in Odis... 
US confiscates Iranian fuel from Ve... 
Pankaj Tripathi: Films can't alter ... 
Facebook begins merging Instagram, ... 
3 rockets hit Baghdad airport... 
Closure of sole commercial crossing...