Here is a daily roundup of the day’s important stories: IG Petrochemicals Ltd on May 23 reported a 2.83 percent decline in standalone net profit at Rs 11.98 crore for the quarter ended March 31. The company had posted a net profit of Rs 12.33 crore during the same period of the previous fiscal. Net sales of the company fell by 23.03 percent to Rs 213.37 crore in the fourth quarter, compared with Rs 277.23 crore in the same period last year, IG Petrochemicals said in a BSE filing. Its net sales during fiscal 2015-16 was Rs 947.6 crore compared with Rs 1,185.37 crore a year ago. Shares of IG Petrochemicals closed 3.77 percent higher at Rs 143.30 apiece on BSE. ******** Faircent.com, eMudhra launch e-Sign for speedy online loan P2P lender Faircent.com has launched e-Sign facility in partnership with eMudhra to allow seamless and paperless loan agreement between the borrowers and lenders online. e-Sign is part of the India stack conceptualised by the current government under the digital India initiative. “It will also help Faircent in enhancing its operational efficiency by reducing human intervention, resulting in lesser turnaround time thereby faster loan disbursal”, Faircent.com said. The e-Sign facility is only available for borrowers holding an Aadhaar card with access to the mobile registered with the Aadhaar card. ******** IIMB gets 47th rank in Financial Times Education ranking Indian Institute of Management Bangalore (IIMB) has got 47th position in theoverall Financial Times Executive Education 2016 Ranking, moving one spot up from last year. IIMB said it is the only Indian management school to be featured in the 2016 Financial Times Executive Education Top 50 Rankings announced today. It is ranked alongside prestigious universities like London Business School, IESE, IMD, Harvard Business School, University of Oxford, among others, the Institute said in a release.
[Source: ZEE]
