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AMNS India executes paperless bill discounting transaction with ICICI Bank

Gujarat-based ?ArcelorMittal Nippon Steel (AMNS) India said it is first such transaction in India.
?The end-to-end electronic transaction, comprising digital issuance of letter of credit (LC), advisory and presentment of documents took place among AMNS India, its Baroda-based customer Vijay Tanks and ICICI Bank, the steel maker said in a statement.
In a step forward for digitising trade payments, AMNS India today (Sunday) announced it has executed the country s first domestic paperless bill discounting transaction in partnership with ICICI Bank, it said.
ICICI Bank was the intermediary between the buyer and seller, the statement said.
The bank s branch in Baroda, Gujarat, issued an LC for the buyer Vijay Tanks, while its branch at Hazira advised and negotiated for the seller AMNS India, it said. ....

Amit Harlalka , Group Ajay Gupta , Bank Head Transaction Banking , Arcelormittal Nippon Steel , Vijay Tanks , Deputy Chief Financial Officer Amit Harlalka , Transaction Banking , Ajay Gupta , Financial Services , Banking In India , Bse Sensex , Icici Bank , Nifty 50 , Icici Lombard , Staragri Warehousing And Collateral Management Limited , Anks Nec , Iron Amp Steel Nec , Amns India , Ajay Gupta , Digital Technology , அர்ஸலாமிட்டல் நிப்பான் எஃகு , விஜய் டாங்கிகள் , பரிவர்த்தனை வங்கி , அஜய குப்தா , நிதி சேவைகள் , சீசீ வங்கி ,

Petronet LNG consolidated net profit rises 70.93% in the March 2021 quarter

Read more about Petronet LNG consolidated net profit rises 70.93% in the March 2021 quarter on Business Standard. Sales decline 11.58% to Rs 7575.32 crore ....

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L T Foods consolidated net profit rises 4.43% in the March 2021 quarter

Read more about L T Foods consolidated net profit rises 4.43% in the March 2021 quarter on Business Standard. Sales decline 5.85% to Rs 1129.23 crore ....

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ICICI Securities spurts after Q4 PAT surges 111% to Rs 329 cr

ICICI Securities spurted 7.96% to Rs 457.90 after the company s consolidated net profit soared 111.4% to Rs 329.47 crore on 53.41% surge in net sales to Rs 739.34 crore in Q4 FY21 over Q4 FY20.The company s consolidated profit after tax (PAT) for the quarter surged on account of growth in revenue and improvement in margins. Revenue growth was aided by strong all-round performance in equities & allied business, distribution business, distribution business, private wealth management business, as well as investment banking business.
ICICI Securities has a client base of approximately 5.4 million, of which approximately 3.5 lakh were added during the quarter, which is highest ever addition in a quarter. Digital sourcing continues to demonstrate strength with approximately 2.2 lakh customers added through this channel during the quarter, vs approximately 38,000 in Q3, 28,000 in Q2 and approximately 20,000 in Q1. ....

Vijay Chandok , Chief Executive Officer , Capital Market , Banking In India , Financial Services , Bse Sensex , Icici Bank , Nifty 50 , Service Industries , Lv Vaidyanathan , Staragri Warehousing And Collateral Management Limited , Anks Nec , Investment Banking Amp Brokerage Services Nec , விஜய் சந்தோக் , தலைமை நிர்வாகி அதிகாரி , மூலதனம் சந்தை , வங்கி இல் இந்தியா , சீசீ வங்கி , வ் வைத்தியநாதன் ,

ICICI Securities consolidated net profit rises 111.36% in the March 2021 quarter

ICICI Securities consolidated net profit rises 111.36% in the March 2021 quarter
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