Saturday, Jun 6 2020 | Time 07:11 Hrs(IST)
  • G20, Partner Countries to Allocate Over $21Bln to Fight COVID-19 Pandemic – Statement
  • Four members of inter-state gang arrested
  • WHO warns of risks of COVID-19 explosion in South Asia's densely-populated region
  • French Troops Kill Head of Al-Qaeda in the Islamic Maghreb in Mali – Defense Minister
  • 35-yr-old man commits suicide in Nashik
  • On ‘WE’ Day, MP CM calls for team efforts
  • Aurangabad MP Jaleel demands for repatriation of Maha students stranded abroad
  • 444 new corona +ve cases detected in Thane
  • MP CM launches greening drive
  • 67 new Covid-19 cases identified in Nashik
  • Nashik-based rangoli maker draws rangoli to protest against brutal killing of cow elephant in Kerala
  • Senior journo Vinod Dua booked for allegedly releasing fake news
  • Former Delhi Police Commissioner Ved Marwah passes away in Goa
  • MP to have citizens’ index
  • COVID-19 on downward trend in MP
Business Economy


Husys Consulting Limited to launch IPO on Sept 9

Hyderabad, Sept 7 (UNI) Hyderabad-based leading HR Services Company Husys Consulting Limited will launch IPO on September 9.
Husys is all set to offer its equity to Public through fresh IPO on NSE - EMERGE designed for SME’s in India, making it the first HR Company and also the first ever company from Telangana to be listed on the platform, a company statement said here today.
The subscription opens on September 9 (Friday)and closes on September 19 (Monday).
The IPO issue price is Rs 69 and issue type is Fixed Price. The company will raise Rs. 4.19 crore through the public offer of 608, 000 equity shares. The minimum lot size is 2000 shares and in multiples thereafter.
The Lead Manager of the issue is Sarthi Capital Advisors Pvt. Ltd, Mumbai, Registrar and Transfer Agent is Karvy Comuptershare Pvt Ltd, Hyderabad, Market Maker is Choice Equity Brokering Private Limited and the Bankers of the issue are Yes Bank and Axis Bank.
The Company proposes to utilize the net proceeds from IPO capital to be used in repaying working capital facilities of the company, development of cloud based HR Software platform, and up-gradation of the existing IT infrastructure for four existing branches; expansion in both domestic and international markets.
Commenting on the IPO launch, GundlapallyRamalinga Reddy, Founder& Managing Director, Husys Consulting Ltd, said “We have launched a Franchise program in India to catch-up with the growing needs of SMEs in India. Through this program we would like to reach 25 cities in this financial year and 75 cities in next two years.” Outlining vision of the company Mr. Reddy said “Through the Company’s cloud based technology driven by a combination of Social, Cloud, and Mobile technologies, commonly referred as SOCOMO;we would like to enable at least 10 lakh of client employee users by December 2017.”
Husys posted total revenue of Rs 1245 lakh in FY16 as against Rs 926 lakh in FY15. The company recorded a net profit of Rs 38.38 lakh in FY 15-16 as compared to Rs 24.07 lakh in FY14-15.
UNI VV CS 1719
More News

Businesses have possibility of finding solutions to make environment better: Prabhu

05 Jun 2020 | 9:10 PM

New Delhi, Jun 5 (UNI) India’s Sherpa to G20 & G7 and former Minister of Commerce and Industry and Civil Aviation Suresh Prabhu on Friday said businesses have a possibility of finding solutions to make environment better and there is a need to focus on working together for improving the ecosystem for future generations.

see more..

2020 Q1: Huami Ranked the Top 5 in both Global Watch Shipment and Market Share

05 Jun 2020 | 9:06 PM

SHENZHEN, China, June 5, 2020 /PRNewswire/ -- Huami (NYSE: HMI) with its self-owned brand Amazfit, ranked the Top 5 in terms of global watch shipment and market share in the first quarter of 2020, according to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. With a year-on-year growth of 80.2%, Huami greatly surpassed the overall growth rate of the adult watch market.

see more..

Arçelik Has Announced Its Sustainability Targets for 2030

05 Jun 2020 | 9:06 PM

ISTANBUL, June 5, 2020 /PRNewswire/ -- Adopting sustainability as a business model with its "Respecting the World, Respected Worldwide" vision, Arçelik published its 12th Sustainability Report, announcing short, medium, and long-term targets towards 2030.

see more..

Power Minister launches ‘iCommit’ initiative on World Environment Day

05 Jun 2020 | 8:59 PM

New Delhi, Jun 5 (UNI) On the occasion of World Environment Day, Minister of State (IC) for Power and New & Renewable Energy R K Singh, on Friday initiated the ‘#iCommit’ campaign.

see more..

Ola unveils ‘Ride Safe India’ initiative; commits Rs 500 crores to enable safe mobility

05 Jun 2020 | 8:22 PM

Kolkata, Jun (UNI) India’s leading mobility platform and one of the world’s largest ride-hailing companies, Ola, has committed a sum of Rs 500 crores over the next year towards various initiatives globally, to enhance safety in mobility in the fight against COVID-19.

see more..