Polaris Financial Technologies

• Polaris Slumps 19% as the Stock Goes Ex-Demerger Today

  Those shareholders, whose name is recorded in the register of member and records of the depository (NSDL/CDSL) as member of the Polaris Financial Technology as on October 10, will be allotted 1 new equity share in Intellect Design Arena for every one equity share held in Polaris.

• Polaris Posts 11.2 Per Cent Decline in Q1 Net

  Polaris Financial Technology (Polaris FT) on Wednesday posted an 11.2 per cent decline in consolidated net profit at Rs 38.32 crore for the quarter ended June, 2014.

• Domestic Firms' Forex Spending Up 18 Per Cent Per Annum Since 2007: India Ratings

  Even as more domestic companies are netting a good portion of their revenues from overseas markets, their forex expenditure has been outpacing their earnings since 2007 to the tune of 18 per cent per annum, leading to a wider mismatch in balance-sheets, according to a report by India Ratings.

• Polaris Q4 net up 3.6 per cent at Rs 45.41 crore

  Polaris Financial Technology on Wednesday said its consolidated net profit has increased 3.6 per cent to Rs 45.41 crore in the quarter ended March, 2014.

• Polaris Consulting Posts Profit of Rs 47 Crore in Q2

  Polaris Consulting and Services, formerly known as Polaris Financial Technology, on Thursday reported a 3.6 per cent decline in net profit at Rs 47.34 crore for the July-September 2015 quarter.

• Polaris Slumps 19% as the Stock Goes Ex-Demerger Today

  Those shareholders, whose name is recorded in the register of member and records of the depository (NSDL/CDSL) as member of the Polaris Financial Technology as on October 10, will be allotted 1 new equity share in Intellect Design Arena for every one equity share held in Polaris.

• Polaris Posts 11.2 Per Cent Decline in Q1 Net

  Polaris Financial Technology (Polaris FT) on Wednesday posted an 11.2 per cent decline in consolidated net profit at Rs 38.32 crore for the quarter ended June, 2014.

• Domestic Firms' Forex Spending Up 18 Per Cent Per Annum Since 2007: India Ratings

  Even as more domestic companies are netting a good portion of their revenues from overseas markets, their forex expenditure has been outpacing their earnings since 2007 to the tune of 18 per cent per annum, leading to a wider mismatch in balance-sheets, according to a report by India Ratings.

• Polaris Q4 net up 3.6 per cent at Rs 45.41 crore

  Polaris Financial Technology on Wednesday said its consolidated net profit has increased 3.6 per cent to Rs 45.41 crore in the quarter ended March, 2014.

• Sensex ends flat amid selloff in TCS, Infosys shares

  Shares of Tata Consultancy Services fell as much as 5.1 percent after analysts cited the company as saying revenue growth from software services could be weakening from the previous quarter.

• Polaris Financial Tech jumps 34% in two days

  Polaris will create a new company called Intellect Design Arena that will house its global universal banking, risk and treasury management, global transaction banking, and insurance businesses.

• Polaris shares surge 17% on demerger plan

  Chennai-based Polaris said the product-based company will be called Intellect Design Arena and every shareholder of Polaris Financial Technology will receive one share of Intellect post the demerger.

• Polaris Financial Q3 net up 24.8 per cent at Rs 50.75 crore

  Polaris Financial Technology on Wednesday reported a 24.8 per cent increase in net profit at Rs 50.75 crore for the third quarter that ended on December 31, 2013.

• MSCI adds Cairn, Bank of Baroda, Godrej to indexes

  MSCI has added Cairn India, Bank of Baroda and Godrej Consumer Products to its global indices, while deleting Suzlon Energy.