Offers “Platform Analytics” to improve efficiency and profitability Pentation Analytics, a leading B2B Platform Analytics and AI/ML company that provides services to the BFSI industry, has launched one- of- its- kind - Pentation OnePlatform for helping financial companies to improve efficiency and achieve profitable growth. Chief Guest at the inaugural event Mrs Deena Mehta, former president of BSE Ltd and Managing Director at Asit C Mehta Financial Services Ltd said “In an era defined by rapid technological advancements, the financial sector finds itself at a crucial juncture. Traditional methods of operation are being challenged, and organizations must adapt or risk falling behind. Recognizing this need for transformation, Pentation Analytics has developed a game-changing solution tailored specifically for the BFSI industry in India. The use of this unique analytics platform in the Indian financial services sector will lead to more personalized, efficient, and secure financial s

Ø Consolidated Revenue grow 51.50 % to Rs 313.32 cr Ø   Board of Directors Recommend Rs. 1.80 per shares ( 18% of face value of Rs 10) Dividend for FY2023   2 June 2023 : Ice Make Refrigeration Limited (NSE: ICEMAKE), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, has closed the fiscal year 2023 with robust financial performance.   ·        For the full year (FY23), the Company’s consolidated net profit jumped 184.05 % to Rs 20.80 crore in the financial year ended March 2023 as against Rs 7.32 crore during the previous year ended March 2022.   ·        The consolidated revenue grew 51.50 % to Rs 313.32 crore in the year ended March 2023 as against Rs 206.80 crore during the previous year ended March 2022.   ·        For the quarter ended March 2023 (Q423), The Company’s Consolidated net profit rose 56.02% to Rs 8.63 crore in as against Rs 5.53 crore during the previous quarter ended March 2022 (Q

  Asit C. Mehta Investment Intermediates Ltd (ACMIIL), a subsidiary of Asit C Mehta Financial Services Ltd, (ACMFSL), (BSE- 530723 | ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, is expanding its mutual fund distribution (MFDs) network to introduce its financial products and cater to growing investment needs of retail and HNI investors in West Bengal and North East. As per AMFI, West Bengal is one of the top states investing in the mutual fund industry having their AUM at over Rs 2.12 lk crore, apiece. However, the state has a huge scope to get more people to invest and needs efforts to add more distributors in rural and semi urban regions that will help spread the reach. Also, if you look at the data from the North East the mutual fund AUM size in each state is currently far less and which is in the range of Rs 700 crore to Rs 20000 crore, only.   Anand Varadarajan – Director –Asit C. Mehta Investment Intermediates Ltd (ACMIIL), says “ ACMIIL i

  Asit C Mehta Investment Intermediates ltd, subsidiary of Asit C. Mehta Financial Services Ltd ( ACMFSL ), (BSE-530723| ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, has appointed Mr. Prashant S Vaishampayan as Head of Research, Institutional Equities. Chartered Accountant All India 13th rank, Prashant is registered with SEBI as an Investment Advisor and Research Analyst.  In his new role at ACMIIL, he will spearhead developing and presenting investment ideas and the fundamentals research. He brings a rich experience of two decades that includes Associate Director at Kotak Securities Institutional Equities research and UBS Investment Bank India Institutional Equities research, Senior Investment Analyst at SG Securities India, and Investment Analyst with Jardine Fleming India. Welcoming Prashant on board, Mrs. Deena Mehta, Managing Director, ACMIIL, said “We are confident his successful research experience of picking long term multibagger stoc

  Asit C Mehta Investment Interrmediats ltd, subsidiary of Asit C. Mehta Financial Services Ltd ( ACMFSL ), (BSE- 530723 | ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, has launched ACE-Electric iBasket for investment in companies that are expected to benefit from thetransition and growth of electric vehicles(EVs)in India with a very systematic and professional approach. Mr. Anand Varadarajan, Director, Asit C Mehta Investment Interrmediats, said “The Indian market for EVs is expected to explode over this decade at an estimated compounded annual growth rate  (CAGR) of 49%.  The Government of India has set an  ambitious target of 30%  market share of EV vehicles by 2030. This would translate to about  5 crores to 8 crores  EVs on the road by 2030. It is expected that a total  investment of Rs 14 lac crores  would be made by 2030 to achieve this target. The ACE-Electric iBasket consists of  24 companies  that are direct or indirect beneficiaries of

  Revenue rises 36.47% to Rs 66.68 crore . Ice Make Refrigeration Limited (Ice Make), a leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments in India, reported robust earnings results for the third quarter and nine months ended December 31, 2022.   Consolidated Financial Performance: Q3FY23 The Company’s consolidated net profit for Q3FY23 increased by 248.82% to Rs 4.43 crore as against Rs 1.27 crore during the previous quarter ended Q3FY22. Consolidated revenue increased by 36.47% to Rs 66.68 crore in Q3FY23 as against Rs 48.86 crore during the previous quarter ended ended Q3FY22. Strong control over cost improved profitability significantly. As against an EBITDA of Rs 3.07 crore in Q3FY22, company’s EBITDA in Q3FY23 jumped to Rs 7.46 crore . Higher scale, control over expenses and better realizations resulted in strong growth in operating profits. During the quarter EBITDA margins almost doubled to 11.16% as against 6.2

  By Vivek Goel, Joint Managing Director, Tailwind Financial Services The union budget 2023announced byfinance minister Nirmala Sitharaman is a balanced budget with no negative surprises , prudently maintaining fiscal deficit target at 5.9% while delivering an INR 10L crores capex & rationalising personal income tax. In a difficult global macro-economic backdrop,continuing impetus on capital expenditure the FM announced a significant jump in planned capex to INR 10 lakh crores. It should help further improve India’s prospects of continuing to be outshining with strong GDP growth numbers with 10.5% FY24 nominal GDP estimates set out. This is further help in job creation across infrastructure, railways, power and among others. Along with this, a fiscal deficit target at 5.9% for FY24 while retaining 6.4% for FY23 is a strong message from a fiscal perspective. This additionally included the FM maintaining her originally set out glide path of bringing the fiscal deficit down to 4.5

  One of the leading cotton sarees brands, BK Sarees, catering to Andhra Pradesh and Telangana has introduced its latest design“Pattu”sarees collection and cotton bed sheets ‘Bichhawan by Twinkle’. Telugu film actress &RX100 girl - Payal Rajput, thebrand ambassador of BK Sarees for the season,launched the Summer Collection at an event held at Vijayawada and Vishakhapatnam. She dazzled the show with her BK Sarees’ wardrobe as she walked the ramp wearing a red pattu saree with jacquard pallu. Sanjeev Dokania and Vedant Dokania, Managing Partners at BK Groupsaid, “BK Sarees, a cotton sarees brand, known for their quality and reliability have grown their brand with the ability to set trends with their unique designs.” “This season we have pushed the envelope by introducing our pattu line of sarees along with latest designs in a wide range of printed and embroidered sarees” The launch event that was attended by over 700 retailers and dealers who have been associated with group for