Intellect Design Arena has allotted 1,64,744 equity shares under ESOP on 18 November 2024. With this allotment, the paid up equity share capital has increased to Rs. 692,089,220/- divided into 138,417,844 equity shares of Rs. 5/- each.Powered by Capital Market - Live News

Net profit of Intellect Design Arena declined 25.03% to Rs 52.81 crore in the quarter ended September 2024 as against Rs 70.44 crore during the previous quarter ended September 2023. Sales declined 9.84% to Rs 558.13 crore in the quarter ended September 2024 as against Rs 619.05 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales558.13619.05 -10 OPM %14.5119.12 - PBDT108.56130.26 -17 PBT69.7796.52 -28 NP52.8170.44 -25 Powered by Capital Market - Live News

Intellect Global Transaction Banking (iGTB), the transaction banking business unit from Intellect Design Arena is proud to announce its partnership with National Bank of Fujairah (NBF), an award-winning UAE-based full-service corporate bank, to enhance its digital capabilities. This deal marks the first Microsoft Azure-managed service for Intellect�fs eMACH.ai Cloud for Wholesale Banking in the Middle East. NBF currently serves corporates and SMEs through its network in the UAE, providing financial services to optimise commercial opportunities and achieve sustainable growth for their clients. With the eMACH.ai Digital Transaction Banking solution, NBF can offer their clients a suite of comprehensive solutions backed by: �� Innovative decision-making and enhanced digital capabilities: For improved information visibility and innovation, ensuring quick decision-making and a seamless user experience for corporate and SME clients. �� Cloud-powered excellence: iGTB, with Microsoft Azure, will provide a fully managed cloud service, freeing NBF to focus on business development and clientPowered by Capital Market - Live News

Intellect Design Arena will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News

Intellect Global Transaction Banking (iGTB), the transaction banking division of Intellect Design Arena, announced the global launch of eMACH.ai Cloud for Wholesale Banking. This first principle based pioneering platform is designed to empower wholesale banks with a comprehensive suite of integrated services, tailored to meet the complex needs of corporate clients across diverse industries, while enabling banks to modernise and scale their operations efficiently. Wholesale banks, faced with evolving client demands, competitive pressures and regulatory challenges, require agile and future-ready solutions. eMACH.ai Cloud for Wholesale Banking responds to these demands by offering a unified end-to-end platform going beyond traditional banking, covering full spectrum of services across cash management, trade finance, corporate lending, deposits, cards, treasury, brokerage, and foreign exchange, eliminating the need for multiple systems. The platform is built to assist wholesale banks unlock new revenue opportunities, streamline operations and accelerate time-to-market for new products. It is an all-encompassing solution that ensures banks can maintain their competitive edge while meeting regulatory compliance and addressing Environmental, Social, and Governance (ESG) goals. Powered by Capital Market - Live News