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Business Economy

Lilac Infotech opens its unit in Cyberpark

Kozhikode, June 1 (UNI) Moving a step further towards the government’s aspiration of boosting IT/ITeS in North Kerala, IT Solutions provider Lilac Infotech Private Limited on Monday opened its unit in the 45-acre campus of Cyberpark here.
A Company release said Rajya Sabha MP Elamaram Kareem inaugurated the unit in the presence of Lilac Infotech Founder-Director Mithun K and CEO Shafi Bin Meeran besides the Cyberpark’s General Manager Nireesh C.
The Company, which is into end-to-end next-generation IT services and solutions across industry verticals to enterprises the world over, has availed a 1,900-sqft shell space at Sahya IT SEZ building in the Cyberpark at Nellikode.
The firm will have 25 IT professionals in the initial stage, the release said.
Lilac Infotech provides technology solutions and custom software development for development of mobile apps and websites besides quality assurance and digital marketing, enterprise resource planning and data analytics.
Further, it provides open source-based laravel framework, android & IoS and CRM & ERP solutions, the release added.
UNI KP CS 1652
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2020 Indiaspora Business Leaders List Recognizes More Than 50 Executives of Indian Heritage Leading Global Corporations

10 Jul 2020 | 11:06 PM

PUNE and WASHINGTON, July 10, 2020 /PRNewswire/ -- Indiaspora, a nonprofit organization of global Indian diaspora leaders from various backgrounds and professions, released today their inaugural list honoring executives of the Indian diaspora who are leading the largest global corporations in 2020.

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Mukesh Ambani is eighth richest in the world

10 Jul 2020 | 10:46 PM

New Delhi, Jul 10 (UNI) India's richest man and CMD of Reliance Industries Mukesh Ambani is eighth richest man in the world, according to the latest Bloomberg Billionaires Index released on Friday.

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IIP numbers of May not released due to inadequate data

10 Jul 2020 | 9:19 PM

New Delhi, Jul 10 (UNI) The government did not release headline industrial output numbers for May due to inadequate data collection in view of the lockdown imposed in the country to curb the spread of Covid-19.

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SAIL maintains profitability during FY20; Earns more than Rs 2,000 cr net profit

10 Jul 2020 | 9:03 PM

New Delhi, Jul 10 (UNI) Steel Authority of India Limited announced on Friday that it has earned a Profit Before Tax (PBT) of Rs 3170.66 Crore leading to Profit After Tax (PAT) of Rs 2021.54 Crore in the Financial year 2019-20.
This profit has been earned in spite of the challenging market conditions including the onset of Corona virus pandemic. In FY’20, the Company made a turnover of Rs 61024.88 Crore and its EBITDA per tonne of Saleable Steel improved from Rs 7284 in FY’19 to Rs 7869 FY’20.

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Rossari First IPO to do Virtual Roadshow

10 Jul 2020 | 8:30 PM

Companies adopt Virtual Roadshows for Capital Raise
MUMBAI, July 10, 2020 /PRNewswire/ -- Rossari Biotech Ltd, which is doing a capital raise of Rs. 500 Crores is the first company to have a virtual press conference followed by an analysts & brokers Conference for announcing its IPO which opens for subscription on Monday, July 13, 2020. The virtual conference had over 1,000 registrations and was simultaneously broadcasted for investors.

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