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

Intellect Digital Technology for Commerce (iDTC), the business unit of Intellect Design Arena focusing on Procurement and Retail technologies, announced the launch of the world`s most comprehensive AI-driven in-store retail technology, eMACH.ai Retail 6DX, for the Middle East market. The platform is built with a flexible architecture, enabling swift and seamless integration with third-party applications. This adaptability elevates experiences across various retail formats, including hypermarkets, supermarkets, and fashion or lifestyle stores. eMACH.ai Retail 6DX is built with 23 Events, 13 Microservices, and 55 APIs on Cloud, delivering exceptional performance and maximising returns for retailers. This advanced platform enhances customer experiences with a seamless, intuitive shopping journey driven by over a decade of deep domain expertise, refined through successful partnerships with clients across global markets.eMACH.ai Retail 6DX leverages cutting-edge artificial intelligence to revolutionise in-store operations. By utilising AI-powered predictive analytics, it empowers retailers to anticipate customer needs, optimise inventory levels, and personalise promotions with pinpoint accuracy. AI-driven insights enable businesses to detect trends in real time, streamline supply chain processes, and make data-driven decisions that enhance customer experiences. These AI capabilities allow retailers to stay competitive, delivering frictionless, personalised shopping journeys that drive loyalty and engagement.The retail landscape in the Middle East is undergoing a significant transformation, driven by rapid digital adoption, evolving consumer preferences, and a strong push toward omnichannel experiences. As the region emerges as a global hub for innovation, eMACH.ai Retail 6DX is designed to redefine the future of retail, enabling businesses to seamlessly scale, optimise operations, and leverage data-driven insights to create truly immersive and tailored customer experiences. Powered by Capital Market - Live News