#uco stock

[indiabizlive]

On the strength of encouraging economic statistics from the nation, domestic equity markets increased their gains for the eighth session in a row and finished higher on Tuesday. Headline peers resisted the subdued global views. The NSE’s Nifty50 increased 82.65 points, or 0.46 per cent, to finish the day at 18,147.65, while the BSE Sensex increased 242.27 points, or 0.40 per cent, to close at 61,354.71.

[palmoilnews]

USA Stock Comparison US ending stock reported a total of 1,137,000 MT for March 2024, reflecting an increase of 2.2% when compared to the previous month. From that amount, soybean oil ending stock increased by 2.8%. Rapeseed oil ending stock decreased by 4.7%. No changes were recorded for the ending stock of palm oil and sunflower oil. Soybean crushings have increased sharply from a year earlier in the US, Argentina and Brazil. One of the reasons is higher soymeal demand primarily in Asia which has boosted exports. US high soybean crushings and subdued domestic demand resulted in recovery of US soybean oil endstock. Improved domestic supplies as well as ongoing large imports of vegetable oils and UCO has weighed on US soybean oil prices. Domestic demand for feedstock oils in the US is for its biomass based diesel production. Although U.S. soybean ending stocks are higher, global ending stocks are down approximately 800,000 tons due to a decrease in Russia and Canada soybean stocks. Soybean oil prices in Brazil and Argentina followed the increase in palm oil prices. Source: *USDA, MPOC Estimates

[streetinvestment]

Market at day’s high, Nifty above 20,050 mark.

The domestic equity barometers traded sideways in mid-morning trade. The Nifty traded below the 20,000 level. IT shares witnessed some bit of profit booking.

The barometer index, the S&P BSE Sensex, was down 70.63 points or 0.11% to 67,291.76. The Nifty 50 index added 31.35 points or 0.16% to 20,024.55.

In the broader market, the S&P BSE Mid-Cap index fell 0.61% while the S&P BSE Small-Cap index slipped 0.18%.

The market breadth was negative. On the BSE, 1595 shares rose and 1840 shares fell. A total of 148 shares were unchanged.

Economy:

India’s retail inflation eased to 6.83% in August from 7.44% in July as vegetable prices cooled somewhat compared to the previous month, the National Statistical Office (NSO) data showed on Tuesday. On the other hand, India’s industrial output grew by 5.7% in July from 3.8% in June.

IPO Update:

The initial public offer (IPO) of EMS received bids for 12.41 lakh shares as against 1.33 crore shares on offer, according to stock exchange data at 12:21 IST on Wednesday (13 September 2023). The issue was subscribed 0.09 times.

The issue opened for bidding on Wednesday (13 September 2023) and it will close on Friday (15 September 2023). The price band of the IPO is fixed at Rs 983-1,035 per share. An investor can bid for a minimum of 14 equity shares and in multiples thereof.

Buzzing Index:

The Nifty IT index fell 0.54% to 32,799.70. The index had advanced 1.73% in the past two sessions.

Persistent Systems (down 1.59%), Coforge (down 1.28%), L&T Technology Services (down 1.28%), Mphasis (down 1.04%) and HCL Technologies (down 0.96%) were the top losers.

Among the other losers were Tech Mahindra (down 0.9%), Infosys (down 0.51%), Tata Consultancy Services (down 0.33%), LTIMindtree (down 0.19%) and Wipro (down 0.09%).

Buzzing Index:

The Nifty PSU Bank index fell 0.61% to 4,709.20. The index has declined 2.98% in two sessions.

Punjab & Sind Bank (down 1.69%), UCO Bank (down 1.63%), Central Bank of India (down 1.33%), Bank of Maharashtra (down 1.22%) and Indian Overseas Bank (down 1.08%) were the top losers.

Among the other losers were Bank of Baroda (down 0.83%), State Bank of India (down 0.73%), Canara Bank (down 0.69%), Indian Bank (down 0.55%) and Bank of India (down 0.36%).

Stocks in Spotlight:

GE Power India added 3.92%. The company has received a purchase order for NOX Reduction order at Vedanta, Lanjigarh CGPP unit 3 x 30 MW. The base value of order is Rs 25 crores.

Waaree Renewable Technologies rose 0.43%. The company has received a letter of intent for engineering, procurement and construction (EPC) services in respect of setting up of a solar power project of 52.6 MWp capacity.

Tata Power Company shed 0.17%. Tata Power Solar Systems (TPSSL), a wholly owned subsidiary of Tata Power Renewable Energy, signed a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) to offer easy financing to MSMEs for solar adoption.

Global Markets:

Asian stocks are trading lower on Wednesday as investors awaited key U.S. inflation data, while Chinese property stocks logged strong gains as embattled developer Country Garden clinched more extensions on its debt payments.

US stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations.

Investors are awaiting August consumer price index data due on Wednesday and producer prices reading scheduled for Thursday to gauge the outlook for U.S. interest rates. Investors will also monitor the European Central Bank’s policy decision on Thursday, when it is seen holding rates after nine consecutive hikes.

[india7d]

List Of All Public And Private Sector Banks In India 2022

List Of All Public And Private Sector Banks In India 2022 In India, banks are the most traditional type of financial intermediary. They are crucial in directing family funds toward both structured and unorganized industries. Indian Commercial Banks, Industrial Banks, Exchange Banks, Agricultural Banks, Cooperative Banks, and Indigenous Bankers comprise the Indian Banking System. The Reserve Bank of India serves as the system’s central bank.Types of Banks Indian banks are categorized into four major types: Commercial Banks: These are further classified into Public Sector Banks – The government owns most of the stock. Punjab National Bank, State Bank of India, Central Bank of India, and other institutions are examples of public sector banks. Private Sector Banks – Private individuals own the majority of the stake. Private banks include institutions like HDFC Bank, ICICI Bank, AXIS Bank, etc. Regional rural banks, Foreign banks – Foreign banks are those with their corporate headquarters located outside of India. Standard Chartered, American Express, Citibank, and other institutions are examples of foreign sector banks. Small Finance Banks Payments Banks Cooperative Banks List of All Public and Private Sector Banks in India 2023 List of Public Sector Banks - Bank Name-Establishment-Headquarter - Bank of Baroda-1908-Vadodara, Gujrat - Bank of India-1906-Mumbai, Maharashtra - Bank of Maharashtra-1935-Pune, Maharashtra - Canara Bank-1906-Bengaluru, Karnataka - Central Bank of India-1911-Mumbai, Maharashtra - Indian Overseas Bank-1937-Chennai, Tamil Nadu - Punjab and Sind Bank-1908-New Delhi, Delhi - State Bank of India-1955-Mumbai, Maharashtra - UCO Bank-1943-Kolkata, West Bengal - Union Bank of India-1919-Mumbai, Maharashtra - Punjab National Bank-1894-New Delhi, Delhi - Indian Bank-1907-Chennai, Tamil Nadu - List of Private Sector Banks - Bank Name-Establishment-Headquarter - Axis Bank-1993-Mumbai, Maharashtra - Bandhan Bank0-2015-Kolkata, West Bengal - CSB Bank-1920-Thrissur, Kerala - City Union Bank-1904-Thanjavur, Tamil Nadu - DCB Bank-1930-Mumbai, Maharashtra - Dhanlaxmi Bank-1927-Thrissur, Kerala - Federal Bank-1931-Aluva, Kerala - HDFC Bank-1994-Mumbai, Maharashtra - ICICI Bank-1994-Mumbai, Maharashtra - Induslnd Bank-1964-Mumbai, Maharashtra - IDFC First Bank-2015-Mumbai, Maharashtra - Jammu and Kashmir Bank-1938-Srinagar, Jammu and Kashmir - Karnataka Bank-1924-Mangaluru, Karnatka - Karur Vysya Bank-1916-Karur, Tamil Nadu - Kotak Mahindra Bank-2003-Mumbai, Maharashtra - IDBI Bank-1964-Mumbai, Maharashtra - Nainital Bank-1922-Nainital, Uttrakhand - RBL Bank-1943-Mumbai, Maharashtra - South Indian Bank-1929-Thrissur, Kerala - Tamilnad Mercantile Bank-1921-Toothukudi, Tamil Nadu - YES Bank-2004-Mumbai, Maharashtra Apply for LoanHow Can We Help YouApply for Loan cibil issue Want to discuss want to know ROI Personal Loan Business Loan Loan against property Home Loan education loan auto loanAmount Looking in Lac Selected Value: 10 Comment or Message Submit Read the full article

[wordexpress]

Former BSE Chairman, Sethurathnam Ravi: India Continues To Build Back Better In Key Sectoral Industries with Constant Signs of Economic Recovery

Mr. Sethurathnam Ravi is the former Chairman of Bombay Stock Exchange Limited (BSE) (November 2017 to February 2019) and Founder and Managing Partner of Chartered Accountants’ firm Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. Mr. S Ravi is a Post Graduate in Commerce and holds a diploma in Information System Audit (DISA). He is an Associate Member of Association of Certified Fraud Examiners (CFE), USA and is also registered as an Insolvency Resolution Professional.

S Ravi BSE former chairman was appointed by Government of India and RBI as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s Strategic Turnaround. He was also appointed by Government of India as a member of the Strategic Revival Group for UCO Bank, where he played an instrumental role in formulation of the revival plan and its subsequent implementation. He has also served as Chairman of PNB Mutual Fund.

According to Sethurathnam Ravi BSE Former chairman, India continues to build back better in key sectoral industries with constant signs of economic recovery. Today India is the sixth largest economy in the world. Significantly, the attribution also lies in the agricultural sector, which is 29.7% of total GDP. But India is witnessing a new wave of agrarian crisis. The farmers are expressing their despair and alienation with the policy framework, from MSP to loan waiver. Hence, the agricultural belts have become synonymous to suicide belts where a number of farmers are forced to take their own lives, indicating the gravity of the crisis. This is a critical issue that could put a massive strain on the economy, if it further continues.

Despite a booming economy and an increasing labour force, the process of job creation is sluggish and has become one of the principle problems that India faces. There has been a sharp increase in the employment of informal workers, but the same has to apply to the formal sector (with skills), which holds important aspect of a progressive economy.

According to Mr. Sethurathnam Ravi, “Diagnosing unemployment is a golden key to unleash our economic power”. The latest CMIE data shows that the unemployment rate in India was 8.2% in February 2019. Besides the unemployment crisis, we should also shed light on balancing the male-female employment ratio. By balancing the ratio, 235 million women will be in the workforce which can make the country richer by 27%, the former BSE Chairman highlights.

In S Ravi’s point of view, there must be a shift, where development is more focused towards labour intensive sectors to create more jobs to ease the employment crisis. At the same time, there must be attention paid to social development investments like, health, education, nutrition, water sanitation (directly related to health), to improve our productivity, human capital, per capita income; and most importantly there must be a greater focus on progressive taxation where additional revenue generated can be invested in social security and other essential services that can significantly boost our economic strengths and capabilities. In a nutshell, this is where we are and what we can actually work on, Sethurathnam Ravi concludes.

[creatiview]

[ad_1] SlavkoSereda/iStock via Getty Images Energy was easily the week's worst performing industry sector, falling alongside crude oil prices weighed by rising U.S. inventories and fading optimism over the global demand outlook. Crude stockpiles normally decline at this time of the year, but the U.S. oil market was amply supplied in January, with the inventory build since the beginning of the year totaling 32M barrels and gasoline stocks rising for four straight weeks by a combined 12M barrels. The latest U.S. data showed a 4.1M-barrel increase in crude inventories for the week ended January 27, as well as weekly increases for gasoline and distillate supplies. For the week, front-month Nymex crude (CL1:COM) for March delivery settled -7.9% to $73.39/bbl, and April Brent crude (CO1:COM) closed -7.5% to $79.94/bbl the second straight weekly loss for both benchmarks after back-to-back weekly gains. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (DBO), (DRIP), (GUSH), (USOI), (NRGU) Starting February 5, the European Union and the U.K. will bar imports of Russian fuels such as diesel and gasoline, a move that follows a ban on Russian crude imports in December. The European Union agreed Friday to cap the sales price of premium Russian petroleum products such as diesel at $100/bbl and limit lower-value products such as fuel oil at $45/bbl. "Just like with the Russian crude sanctions, the EU ban on Russian oil products is unlikely to take barrels off the market," merely causing changes in global flows, "hence it will have a muted impact," Kpler lead oil analyst Matt Smith told MarketWatch. The top oil and gas ETF - the Energy Select Sector SPDR Fund (NYSEARCA:XLE) - closed the week -5.9%, worst among the S&P's 11 sector groups. Top 3 gainers in energy and natural resources during the past 5 days: (NEXT) +20.7%, (LPG) +19.4%, (SLI) +16.1%. Top 10 decliners in energy and natural resources during the past 5 days: (VOC) -22.4%, (USAU) -15.5%, (MMLP) -14.3%, (BPT) -12.9%, (MVO) -12.7%, (COP) -12.5%, (SILV) -12.3%, (AMPY) -12.2%, (HES) -11.9%, (GPRK) -11.9%. Source: Barchart.com [ad_2] Source link

[reveal-the-news]

Sensex Today: Stock Market LIVE Updates: Sensex erases 200 pts gain, trades in the red; Nifty below 18,400; FMCG top sectoral loser

Sensex Today: Stock Market LIVE Updates: Sensex erases 200 pts gain, trades in the red; Nifty below 18,400; FMCG top sectoral loser

!1 new updateClick here for latest updates Block deal: 57.5 lakh shares of UCO Bank change hands Prices as of December 21, 2022 11:02 AMClick on the company name for their live prices. India’s macrotech developers plan to raise 1 billion rupees ($12.11 million) by selling bonds maturing in three years, two merchant bankers said on Wednesday. The company invited bids from bankers and investors…

[thefinancemagazine]

Big Movers on D-St: What should investors do with FACT, UCO Bank and Shree Renuka Sugars?

Big Movers on D-St: What should investors do with FACT, UCO Bank and Shree Renuka Sugars?

Indian market closed in the red on Friday for the second consecutive day. S&P BSE Sensex fell more than 400 points while Nifty50 closed below 18300 levels. Sectorally, selling was seen in public sector, realty, healthcare, and capital goods stocks. Stocks that were in focus include names like Fertilizers and Chemical Travancore Ltd which rose nearly 20%, which rose over 2% and which closed with…

[lakannada]

IOB to UCO Bank: 4 banking stocks hit 52-week high despite weakness in markets | Mint - Mint

IOB to UCO Bank: 4 banking stocks hit 52-week high despite weakness in markets | Mint – Mint

Stock market today: Out of these four banking stocks, one has hit 20 per cent upper circuit as well Stock market today: Despite weakness in key benchmark indices, some banking stocks have continued to attract attention of Dalal Street bulls because four bank shares have climbed to 52-week high in early morning deals. Those four banks are UCO Bank, Indian Overseas Bank, Dhanlaxmi Bank and IND…

[otcsocialnetwork]

11/10/22 TRENDS

$TXTM PROTEXT MOBILITY INC $MULN Mullen Automotive, Inc $DPLS DARKPULSE INC $HUDI Huadi International Group $NSAV NET SAVINGS LINK INC $FSRD Fast Radius, Inc $SPY S&P 500 Index – “Spiders $LCLP LIFE CLIPS INC $NLST Netlist $VERU Veru Inc. $INND INNERSCOPE HEARING TECHNOLOGIES $EDBL Edible Garden $BOMO Bowmo Inc $HPIL HPIL HOLDING $SHFS SHF Holdings $PHIL PHI GROUP INC $AUPH Aurinia Pharmaceuticals Inc $WTER Alkaline Water Co $HUSA Houston American Energy $APPS Digital Turbine $HVCW HARRISON, VICKERS $PLPL PLANDAI BIOTECH $HMBL HUMBL INC $WDLF SOCIAL LIFE NETWORK INC $SYTA Siyata Mobile $HLBZ Helbiz $AVCT American Virtual Cloud Technologies $CEI Camber Energy $GROM Grom Social Enterprises $CANO Cano Health $CYCN Cyclerion Therapeutics $MMAT Meta Materials $PBR Petroleo Brasileiro S.A $OZSC Ozop Energy Solutions $FCX Freeport-McMoRan Copper & Gold $NVTA INVITAE CORPORATION $GSUN Golden Sun Education Group $UCO Proshares Ultra Crude $OCLN ORIGINCLEAR INC $JOB GEE Group Inc. $WWR Westwater Resources $AMC AMC Entertainment Holdings $NRBO NeuroBo Pharmaceuticals $FCEL FuelCell Energy $TPIC TPI Composites, Inc $AMZN Amazon $PAY Paymentus Holdings $MJWL MAJIC WHEELS CORP $YETI YETI Holdings $LPTX Leap Therapeutics Check out our Free Penny Stock Screener HERE. http://dlvr.it/ScZRYs

[egnaroo]

Oil prices go up while the supply woes, What can we hope for at the end of 2022

Oil prices go up while the supply woes, What can we hope for at the end of 2022

With the US looming economic recession fear and interest rate hike commodity traders anticipate global oil demand will go down while the US dollar is getting stronger. Chinese zero covid-19 policy and lockdowns also slow the oil demand. Last year at the end crude oil rose 65 cents a 0.7 to $92 per barrel while US West Texas Intermediate for October was $85.73 per barrel. The OPEC countries led…

[prepare-for-adventure]

Come and visit our showroom! Based in Rainford, St Helens 10 mins from J23 M6 Over 1000 products in stock We have facilities to set up hammocks and tents, we can demonstrate how to use kelly kettles and hobo stoves etc. Hammocks, Tents, Bivvys, Tarps, Sleeping Bags & Mats, Rucksacks, Lanterns, Torches, Knives, Axes, Water Filters, Nikwax, Stoves, Cooking Equipment, Dutch Ovens, Paracord, Tinder, Ferro Rods DD Hammocks, Kelly Kettle, Exped, UCO Gear, Hultafors, Mora, Kombat UK, Petromax, Feuerhand, Nitecore, Sawyer, Katadyn, Hydrapak, Gerber, Esbit, Trangia, Gregory Packs, Light My Fire, Multimat, Zebra, Optimus, Robens, Wayfayrer, Army Surplus #ddhammocks #kellykettle #petromax #sawyer #ucogear #robens #morakniv #hultafors #katadyn #optimus #gerber #hammock #tent #sleepingbag #exped #axe #knife #lantern #gasstove #solidfuelstove #woodburningstove #bushcraft #camping #wildcamping #wildcampinguk #prepareforadventure #adventure #hiking #survival #prepper https://www.instagram.com/p/B2WjzeLhkzI/?igshid=1ef90x1ob3lz6

[dominosadventures]

4.21.19 

10/100 days of productivity 

oh wow, a lot happen in the past 2 days I didn't feel like I had time to post like I do now. First I went to a college tour for UCO which was long but great the campus is so widespread out and there is so much nature there you could see squirrels running around and geese walking about. I was there for the art tour I really like their art college area all the work on display there is design by students and the walls are all white with large windows it feels so open and just has so much natural lighting coming it. 

One that was different that I really like to was the students don't get large cubies, but large lockers which I would prefer way more than a cubby. Supposedly they will have my major next year but right now they do not so this college is kinda in my circle of other colleges. There are so many pros but if it doesn't have my major next year I won't look into it anymore.  

I also went prom shopping on 4.20.2019 with my mom. It was a bit fun but annoying since there were several dresses that weren't my size. So many were very small like size 1, 3, 5 and the stores didn't have any more in stock or it would come too late. Finally, after the 3rd store, we found the dress that fit me nicely and I thought would look great for prom. We even figure out my hair to and makeup. Hopefully, it will be a fun prom.

[citizenrecord]

Sethurathnam Ravi, Former Bse Chairman Gives His Opinions On How To Invest in International Mutual Funds

Sethurathnam Ravi, popularly known as S Ravi is the former chairman of Bombay Stock Exchange Limited (BSE). Currently he is the Founder and Managing Partner of Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. S Ravi was appointed by Government of India and RBI as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s Strategic Turnaround. He was also appointed by Government of India as a member of the Strategic Revival Group for UCO Bank, where he played an instrumental role in formulation of the revival plan and its subsequent implementation. He has also served as Chairman of PNB Mutual Fund.

According to former BSE Chairman, Sethurathnam Ravi, “all the major fund houses in India provide window for global investments under various schemes. The schemes are well defined and the characteristics of the product offering are defined in the key information memorandum which is approved by SEBI. The process of investment is simple and similar to investment in domestic mutual funds. Technology has been the catalyst which has enabled investors to invest in a faster hassle-free environment. In the year of pandemic and lockdown Mutual’s have upgraded the platforms so that there is no disruption”.

According to him, this category is quite popular as investing in global mutual funds, the investors hedge their risk by investing in domestic as well as global stocks. International mutual funds invest in various countries and stocks including domestic stocks. Domestic fund houses also provide access to investment in global companies under various schemes floated specifically for such investments.

S Ravi BSEalso affirms that ease of investing, technology upgrades and low fixed deposit rates have encouraged investors to invest through international mutual funds. The tendency of investors is also to mitigate risks by diversifying their portfolio across global markets and stocks. This is just a beginning as investors would certainly opt for such options as more domestic fund houses launch vehicles to invest allowing them liberty to choose schemes based on performance.

[freepressjournals]

S Ravi BSE was Appointed as the Independent Chairman of EbixCash Private Limited, a Subsidiary of Ebix, Inc

Eminent Charted Accountant Sethurathnam Ravi was the former Chairman of Bombay Stock Exchange (BSE). Now had been appointed as the independent director of the EbixCash Private Limited in June 2021, a subsidiary of Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries.

EbixCash Private Limited, a subsidiary of Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries appointed S Ravi, the former chairman of BSE as a new independent director to the EbixCash Board.

Sethurathnam Ravi, popularly known as S Ravi pursued his Bachelor’s and Master’s degree in Commerce from Madhya Pradesh’s Durgavati University. His academics and talents led him to various job roles in the corporate world where he proved his worth.  He was able to secure a place as a fellow member of the Institute of Chartered Accountancy of India. He was a chartered accountant who was based in India along with being the managing and promoter partner of the Ravi Rajan & Co. He was also the honorable former BSE chairman.

Ravi brings extensive experience across banks, financial institutions, insurance companies, the tourism industry, stock exchanges and asset management sectors – having held board positions at leading institutions across these sectors.

S Ravi is presently serving as the Chairman and Director of Tourism Finance Corporation of India Ltd. – the premier government-owned financial Institution, set up to promote tourism in India. He also presently serves on the boards of Aditya Birla Health Insurance Company Ltd., Star Union Dai-ichi Life Insurance Company Ltd., Aditya Birla ARC Ltd., IIFL Asset Management Ltd. And SBI Payment Services Pvt. Ltd. He has served on the boards of over 40 leading institutions in India, including insurance companies, several public sector banks and public sector enterprises such as UCO Bank, Union Bank, Hindustan Aeronautics Ltd., BHEL and SBI – SG Global Securities Services Pvt Ltd. He was also appointed by the Government of India and Reserve Bank of India (RBI) as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s strategic turnaround.

The former BSE chairman S Ravi was nominated as a member of the Takeover Panel of the Security & Exchange Board of India (SEBI), besides serving on its Mutual Fund Advisory Committee. Ravi has also served on India’s Insurance Regulatory Development Authority (IRDA) as a member of its Insurance Advisory Committee. He is a member of Business World’s Jury for Festival of FinTech 2021 and served as a jury member on the Institute of Chartered Accountants of India team, which selected the Award for Excellence in Financial Reporting for the year 2012-13. S Ravi the former BSE chairman said, “EbixCash has built a global presence today with clients in 44 countries and a leading presence in India in multiple financial technology segments. EbixCash has also become a bellwether in the remittance, foreign exchange and money transaction space. I am extremely glad to join the board of Ebixcash and to be a part of their journey in India.”

MR Ravi is the Founder and Managing Partner of Ravi Rajan & Co. LLP, a chartered accountancy firm specializing in Forensic Audits, Audits & Assurance, Insolvency Assignments and Turn around Strategies, Valuations and Regulatory Compliance Advisory.

[india-times]

S Ravi’s Extensive Experience Across Banks and Financial Institutions Will Foster the Growth of Ebixcash Private Limited

EbixCash Private Limited, a subsidiary of Ebix, Inc. a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries appointed S Ravi, the former chairman of BSE as a new independent director to the EbixCash Board.

Sethurathnam Ravi, popularly known as S Ravi pursued his Bachelor’s and Master’s degree in Commerce from Madhya Pradesh’s Durgavati University. His academics and talents led him to various job roles in the corporate world where he proved his worth.  He was able to secure a place as a fellow member of the Institute of Chartered Accountancy of India. He was a chartered accountant who was based in India along with being the managing and promoter partner of the Ravi Rajan & Co. He was also the honorable former BSE chairman.

 Ravi brings extensive experience across banks, financial institutions, insurance companies, the tourism industry, stock exchanges and asset management sectors – having held board positions at leading institutions across these sectors.

 S Ravi is presently serving as the Chairman and Director of Tourism Finance Corporation of India Ltd. – the premier government-owned financial Institution, set up to promote tourism in India. He also presently serves on the boards of Aditya Birla Health Insurance Company Ltd., Star Union Dai-ichi Life Insurance Company Ltd., Aditya Birla ARC Ltd., IIFL Asset Management Ltd. And SBI Payment Services Pvt. Ltd. He has served on the boards of over 40 leading institutions in India, including insurance companies, several public sector banks and public sector enterprises such as UCO Bank, Union Bank, Hindustan Aeronautics Ltd., BHEL and SBI – SG Global Securities Services Pvt Ltd. He was also appointed by the Government of India and Reserve Bank of India (RBI) as Chairman of the Technical Experts Committee for Punjab & Sind Bank’s strategic turnaround.

 The former BSE chairman S Ravi was nominated as a member of the Takeover Panel of the Security & Exchange Board of India (SEBI), besides serving on its Mutual Fund Advisory Committee. S Ravi has also served on India’s Insurance Regulatory Development Authority (IRDA) as a member of its Insurance Advisory Committee. He is a member of Business World’s Jury for Festival of FinTech 2021 and served as a jury member on the Institute of Chartered Accountants of India team, which selected the Award for Excellence in Financial Reporting for the year 2012-13. S Ravi the former BSE chairman said, “EbixCash has built a global presence today with clients in 44 countries and a leading presence in India in multiple financial technology segments. EbixCash has also become a bellwether in the remittance, foreign exchange and money transaction space. I am extremely glad to join the board of Ebixcash and to be a part of their journey in India.”

 MR S Ravi is the Founder and Managing Partner of Ravi Rajan & Co. LLP, a chartered accountancy firm specializing in Forensic Audits, Audits & Assurance, Insolvency Assignments and Turn around Strategies, Valuations and Regulatory Compliance Advisory.