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Business Economy


Indian Bank business crosses Rs 40 billion in Q3 of FY 19-20

Bengaluru, Jan 24 (UNI) The Board of Directors of the Indian Bank approved the Balance Sheet and Profit & Loss for the Third Quarter of 2019-20 (Q3 FY20) and for the Nine months period ended December 31, 2019 (April-December FY20), at their meeting held on Friday in Chennai.
The Bank’s Operating profit registered a robust growth of 67 per cent, touching Rs 1,919 crore for the Q3 FY20 as against Rs 1,147 crore for the corresponding period of the previous year. For the nine months period ended December 31, 2019 (NME FY20), Operating profit grew by 32 per cent and was Rs 4,795 crore as against Rs 3635 crore for the nine months period ended December 31, 2018 (NME FY19).
The Net profit at Rs 247 crore for Q3 FY20 as against Rs.152 crore for Q3 FY19 was up by 62 pc mainly on account of robust growth of 133 pc in other income (including interest on IT refund). For the nine months period ended December 31, 2019, Net profit grew by 90 pc and was Rs 971crore as against Rs 512 crore for the corresponding period ended December 31, 2018.
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Global Digital Specialist Microland Creates European Headquarters in the West Midlands

26 Feb 2020 | 9:31 PM

BIRMINGHAM, England, Feb. 26, 2020 /PRNewswire/ -- Microland, India's leading digital IT transformation company, today inaugurated its state-of-the-art Digital Hub in Birmingham, UK to serve its European customers.

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Eatons Customer-focused Product Development in the UPS Market Commended by Frost & Sullivan

26 Feb 2020 | 9:29 PM

LONDON, Feb. 26, 2020 /PRNewswire/ -- Based on its recent analysis of the APAC UPS market, Frost & Sullivan recognizes Eaton with the 2020 APAC Customer Value Leadership Award for developing products that align not only with customers' current expectations, but also likely future requirements. Its Predict Pulse cloud-based analytics service for data center infrastructure enables users to predict the failure of power components and perfectly complements its next-generation remote monitoring service.

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Genesys Applauded by Frost & Sullivan for its Commitment to Helping Clients Deliver Personalized Customer Experiences and Improve Productivity

26 Feb 2020 | 9:27 PM

SÃO PAULO, Feb. 26, 2020 /PRNewswire/ -- Based on its recent analysis of the Latin American & Caribbean contact center solutions market, Frost & Sullivan recognizes Genesys with the 2019 Latin American & Caribbean Company of the Year Award. It employs artificial intelligence (AI) and machine learning engines to optimize operations for agents. With a portfolio of products adapted for local markets, Genesys guides contact centers through digital transformation and cloud migration. In addition to cutting-edge technology, it provides management and customer support that helps contact centers achieve their goals and boost performance.

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PayU India Appoints Country Head for Enterprise Business and Chief Product Officer to its Executive Team

26 Feb 2020 | 9:26 PM

NEW DELHI, Feb. 26, 2020 /PRNewswire/ -- PayU, India's leading online payment solutions provider, today announced two key appointments to further fortify its Indian leadership team to scale-up the business and pave the way for its next phase of growth of developing a fintech ecosystem in the region through innovations focussed on payments, credit, and fintech investments.

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Frost & Sullivan Awards Carbon Lighthouse for its Data-driven Building Energy Efficiency Solution, CLUES®

26 Feb 2020 | 9:24 PM

SANTA CLARA, California, Feb. 26, 2020 /PRNewswire/ -- Based on its recent analysis of the global building energy optimization market, Frost & Sullivan recognizes Carbon Lighthouse with the 2019 North American Technology Innovation Award. Its patented, cloud-based building energy analytics engine, Carbon Lighthouse Unified Engineering System (CLUES®), gathers large amounts of building data to deliver deep insights to help reduce a building's energy consumption. The company uniquely adopts a turnkey approach that includes data collection, implementation, and performance management, while its Efficiency-as-a-Service model guarantees energy savings to offer financial, operational and environmental value to building owners and investors. The full report is available for download here.

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