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Source: BSE - Mansfield (Mauritius) Ltd & Suffolk (Mauritius) Ltd has submitted the disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 Date: 2013-05-24 |
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Source: BSE - With reference to the earlier announcement dated May 20, 2013 regarding Offer for Sale of Shares by Promoter, Oracle Global (Mauritius) Ltd (the "Seller"), promoter of Oracle Financial Services Ltd (the "Company), has now informed BSE that the floor price for the Sale in terms of the SEBI Circulars shall be as below:
- Rs. 2,275 (Two Thousand two hundred and seventy five) per equity share for the Company (the "Floor Price") Date: 2013-05-22 |
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Source: NSE - Oracle Global (Mauritius) Ltd had submitted to the Exchange Announcement with respect to Offer for sale through Stock Exchange Mechanism for sale of 4,430,501 equity shares of Oracle Financial Services Software Limited by Oracle Global (Mauritius) Ltd. The Oracle Global (Mauritius) Ltd has now informed the Exchange that the Floor Price shall be Rs.2,275/- (Rupees Two thousand two hundred and seventy five) per share. Date: 2013-05-21 |
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Source: NSE - Oracle Global (Mauritius) Ltd has submitted to the Exchange Announcement with respect to Offer for sale through Stock Exchange Mechanism for sale of up to 4,430,501 equity shares of Oracle Financial Services Software Limited by Oracle Global (Mauritius) Ltd (Seller). Date and time of the opening of the Offer : May 22, 2013 at 9:15 am and Date and time of the closing of the Offer : May 22, 2013 at 3:30 pm, Floor Price : The floor price shall be intimated on May 21, 2013 after the close of trading hours of the stock exchanges and not later than 7:00 p.m. Date: 2013-05-20 |
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Source: BSE - Oracle Global (Mauritius) Ltd (the "Seller"), which is a company duly incorporate under the laws of Mauritius and the promoter of Oracle Financial Services Ltd (the "Company) has submitted to BSE a Notice of Offer for Sale of 4,430,501 equity shares of the Company on May 22, 2013 through a sale on the separate window provided by the BSE Ltd (the "BSE") and NSE Ltd. (the "Stock exchanges") for this purpose.
Date and time of opening the sale: May 22, 2013 at 9.15 am
Date and time of Closing the sale: May 22, 2013 at 3.30 pm. Date: 2013-05-20 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding Investor presentation - May 2013. Date: 2013-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of Performance update 'Investor Presentation'. Date: 2013-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Company has received a letter from the Promoter notifying the Company about their intention to reduce their shareholding in the company by 5.3%, so as to comply with the minimum public shareholding requirements in terms of Rule 19 (2) (b) and 19 A of SCRR read with clause 40 A of the Listing Agreement and as per Clause 5(b) of Circular No. CIRIMRDIDPI18/2012 dated July 18, 2012. notified by the Securities Exchange Board of India ("SEBI" and such circular as "SEBI OFS Circular") as amended through Circular No. CIR/MRD/DP/04/2013 dated January 25, 2013 (the "SEBI Amended Circular" and together with SEBI Circular, "SEBI OFS Circulars"). Date: 2013-05-08 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2013, inter alia, did not recommend any dividend on equity shares for the financial year ended March 31, 2013. Date: 2013-05-08 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Company has received a letter from the Promoter notifying the Company about their intention to reduce their shareholding in the company by 5.3%, so as to comply with the minimum public shareholding requirements in terms of Rule 19 (2) (b) and 19 A of SCRR read with clause 40 A of the Listing Agreement and as per Clause 5(b) of Circular No. CIRIMRDIDPI18/2012 dated July 18, 2012. notified by the Securities Exchange Board of India ("SEBI" and such circular as "SEBI OFS Circular") as amended through Circular No. CIR/MRD/DP/04/2013 dated January 25, 2013 (the "SEBI Amended Circular" and together with SEBI Circular, "SEBI OFS Circulars"). Date: 2013-05-08 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 07, 2013, inter alia, did not recommend any dividend on equity shares for the financial year ended March 31, 2013. Date: 2013-05-08 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 07, 2013, titled "Oracle Financial Services Software Reports Net Income for Fiscal Year of Rs.10,751 Million up 18%; Net Income for the Quarter ended March 2013 up 45%". Date: 2013-05-08 |
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Source: BSE - News Body Follows...... Date: 2013-05-08 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 30, 2013, titled "Auto Finance Companies Speed Time to Market for New Products, Reduce Risk, and Drive Down Operational Costs with Oracle Financial Services Lending and Leasing". Date: 2013-05-02 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 30, 2013, titled "Auto Finance Companies Speed Time to Market for New Products, Reduce Risk, and Drive Down Operational Costs with Oracle Financial Services Lending and Leasing." Date: 2013-05-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 30, 2013, titled "Roll-Out of New Core Banking Application across the Middle East Enhances Customer Experience in Conventional, Islamic and Internet banking". Date: 2013-04-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 30, 2013, titled "Roll-Out of New Core Banking Application across the Middle East Enhances Customer Experience in Conventional, Islamic and Internet banking".
Date: 2013-04-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 07, 2013, inter alia, to consider the following:
1. To approve audited standalone Indian GAAP Financials for the year ended March 31, 2013.
2. To approve audited consolidated Indian GAAP Financials for the year ended March 31, 2013.
3. To consider recommendation of a dividend, if any, on equity shares. Date: 2013-04-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on April 26, 2013, allotted 2,785 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2002 and the Employee Stock Option Scheme 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 420,341,315/- divided into 84,068,263 equity shares of face value of Rs.5/- each. Date: 2013-04-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on April 26, 2013 allotted 2,785 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2002 and the Employee Stock Option Scheme 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,341,315/- divided into 84,068,263 equity shares of face value of Rs. 5/- each. Date: 2013-04-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee will be held on
April 26, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. Date: 2013-04-25 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2013-04-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company on April 10, 2013, have appointed Ms. Samantha Wellington, as an Additional Director of the Company. She will be a Non Executive Non Independent Director. With this, the Company's Board comprises of 9 Directors, of which, 3 are Non-Executive Independent Directors. Date: 2013-04-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company have on April 10, 2013 appointed Ms. Samantha Wellington, as an Additional Director of the Company. She will be a Non Executive Non Independent Director. With this, the Company's Board comprises of 9 Directors, of which, 3 are Non-Executive Independent Directors. Date: 2013-04-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on March 20, 2013, allotted 3200 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2002, the Employee Stock Option Scheme 2010 and the Employee Stock Option Scheme 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 420,327,390/- divided into 84,065,478 equity shares of face value of Rs.5/- each. Date: 2013-03-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on March 20, 2013, allotted 3,200 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme 2002, the Employee Stock Option Scheme 2010 and the Employee Stock Option Scheme 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,327,390/- divided into 84,065,478 equity shares of face value of Rs. 5/- each. Date: 2013-03-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee will be held on March 20, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. Date: 2013-03-19 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on February 26, 2013, allotted 6,950 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme, 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 420,311,390/- divided into 84,062,278 equity shares of face value of Rs. 5/- each. Date: 2013-02-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on February 26, 2013, allotted 6,950 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,311,390/- divided into 84,062,278 equity shares of face value of Rs. 5/- each. Date: 2013-02-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that a meeting of ESOP Allotment Committee of the Company will be held on February 26, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their option under prevailing Employees Stock Option Schemes of the Company. Date: 2013-02-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee will be held on February 26, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. Date: 2013-02-25 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of the details of ESOP scheme vide SEBI Circular dated January 17, 2013 pursuant to Amendment to SEBI (ESOS and ESPS) Guidelines, 1999 and Equity Listing Agreement.
Date: 2013-02-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Compensation Committee of the Board has approved the grant of 6,30,000 stock options to the eligible employees and directors of the Company and its subsidiaries under the Employee Stock Option Plan 2011 Scheme ("ESOP 2011 Scheme") of the Company at an exercise price of Rs. 3,126.85 per option being the latest available closing price (on February 04, 2013) prior to the Date of Grant, on the National Stock Exchange of India Limited, where there was highest trading volume of the equity shares of the Company. The options are granted on the following main terms and conditions. (1) Date of Grant: February 05, 2013; (2) The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year; (3) The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and (4) The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2011 Scheme. Date: 2013-02-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Compensation Committee of the Board has approved the grant of 6,30,000 stock options to the eligible employees and directors of the Company and its subsidiaries under the Employee Stock Option Plan 2011 Scheme ("ESOP 2011 Scheme") of the Company at an exercise price of Rs. 3,126.85 per option being the latest available closing price (on February 04, 2013) prior to the Date of Grant, on the National Stock Exchange of India Limited, where there was highest trading volume of the equity shares of the Company. The options are granted on the following main terms and conditions
i. Date of Grant: February 05, 2013;
ii. The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year;
iii. The said options carry the right to apply for equivalent number. of equity shares of the Company of face value of Rs. 5/- each; and
iv. The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2011 Scheme. Date: 2013-02-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 31, 2013, titled "Bank Technique Replaces Temenos T24 platform with Oracle Financial Services Solutions for Core Banking and Analytics"
Oracle announced that Bank Technique OSJC (previously named Technika Bank OSJC) has selected Oracle FLEXCUBE to replace a Temenos T24 core banking platform implementation. Date: 2013-02-01 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2013-02-01 |
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Source: BSE - Hoshi D Bhagwagar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2013-02-01 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on January 31, 2013, allotted 29,154 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme, 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 420,276,640/- divided into 84,055,328 equity shares of face value of Rs. 5/- each. Date: 2013-01-31 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Release dated January 31, 2013 titled "Bank Technique Replaces Temenos T24 platform with Oracle Financial Services Solutions for core Banking and Analytics". Date: 2013-01-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on Janaury 31, 2013 allotted 29,154 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme, 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,276,640/- divided into 84,055,328 equity shares of face value of Rs.5/- each.
Date: 2013-01-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on January 31, 2013, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. Date: 2013-01-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Release dated January 29, 2013 titled "Oracle Financial Services Software Reports Net Income for nine months ended December 2012 of Rs.794 Crore up 11% over the same period last year". Date: 2013-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter ended December 31, 2012:
The Unaudited results for the Quarter ended December 31, 2012
The Company has posted a net profit of Rs. 2552.10 million for the quarter ended December 31, 2012 as compared to Rs. 2516.80 million for the quarter ended December 31, 2011. Total Revenue has increased from Rs. 8041.40 million for the quarter ended December 31, 2011 to Rs. 8456.30 million for the quarter ended December 31, 2012. Date: 2013-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 29, 2013, inter alia, to consider approval of unaudited standalone Indian GAAP Financials for the quarter and nine months ended December 31, 2012 (Q3). Date: 2013-01-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Compensation Committee of the Board has approved the grant of 15,000 stock options to an employee of the Company under the ESOP 2011 Scheme at an exercise price of Rs. 3,320.10 per option (being the closing price on January 11, 2013 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions. (1) Date of Grant: January 14, 2013; (2) The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year;(3) The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and (4) The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the ESOP 2011 Scheme. Date: 2013-01-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Compensation Committee of the Board has approved the grant of 15,000 stock options to an employee of the Company under the ESOP 2011 Scheme at an exercise price of Rs. 3,320.10 per option (being the closing price on January 11, 2013 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions.
1. Date of Grant: January 14,2013;
2. The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year;
3. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of IRs. 5/- each; and
4. The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the ESOP 2011 Scheme. Date: 2013-01-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2013-01-10 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2013-01-10 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-31 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-31 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-24 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-19 |
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Source: BSE - Hoshi D Bhagwagan has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-19 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-18 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-18 |
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Source: BSE - Edwin Moses has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-18 |
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Source: BSE - Avadhut Digambar Ketkar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-18 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-17 |
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Source: BSE - Avadhut Digambar Ketkar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-17 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-17 |
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Source: BSE - Kishore Kapoor has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-17 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-14 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-13 |
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Source: BSE - Edwin Moses has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-12 |
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Source: BSE - Avadhut Ketkar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company on December 12, 2012, have appointed Mr. Richard David Jackson, as an Additional Director of the Company. He will be a Non-Executive
Independent Director.
With this, the Company''s Board comprises of 8 Directors, of which, 3 are Non-Executive Independent Directors. Date: 2012-12-12 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company have on December 12, 2012 appointed Mr. Richard David Jackson, as an Additional Director of the Company. He will be a Non-Executive Independent Director. With this, the Company''s Board comprises of 8 Directors, of which, 3 are Non-Executive Independent Directors. Date: 2012-12-12 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-11 |
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Source: BSE - Hoshi D Bhagwagar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-12-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on December 05, 2012, allotted 19,685 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme, 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 420,130,870/- divided into 84,026,174 equity shares of face value of Rs. 5/- each. Date: 2012-12-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on December 05, 2012, allotted 19,685 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002, the Employee Stock Option Scheme, 2010 and the Employee Stock Option Scheme, 2011. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,130,870/- divided into 84,026,174 equity shares of face value of Rs. 5/- each. Date: 2012-12-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on December 05, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company. Date: 2012-12-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 31, 2012, titled "Oracle Financial Services Software Reports Net Income for Half-Year ended September 2012 of Rs. 526 Crore up 27% over the same period last year". Date: 2012-11-01 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results along with the Limited Review Report for the period ended September 30,2012. Date: 2012-11-01 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter ended September 30, 2012:
The Unaudited results for the Quarter ended September 30, 2012
The Company has posted a net profit of Rs. 1795.10 million for the quarter ended September 30, 2012 as compared to Rs. 1654.20 million for the quarter ended September 30, 2011. Total Revenue has decreased from Rs. 7488.50 million for the quarter ended September 30, 2011 to Rs. 7357.70 million for the quarter ended September 30, 2012.
Date: 2012-11-01 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 29, 2012, titled "Oracle Receives SWIFTReady Payments Label 2012 for Oracle FLEXCUBE Universal Banking Release 12.0". Date: 2012-10-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release titled "Oracle Receives SWIFTReady Payments Label 2012 for Oracle FLEXCUBE Universal Banking Release 12.0" Date: 2012-10-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2012, inter alia, to consider approval of unaudited standalone Indian GAAP Financials for the quarter and half year ended September 30, 2012 (Q2). Date: 2012-10-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on October 10, 2012 allotted 12,360 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.420,032,445/- divided into 84,006,489 equity shares of face value of Rs.5/- each. Date: 2012-10-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on October 10, 2012 allotted 12,360 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pad passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 420,032,445/- divided into 84,006,489 equity shares of face value of Rs. 5/- each. Date: 2012-10-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on October 10, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 and Employees Stock Option Scheme (ESOP), 2010 of the Company. Date: 2012-10-08 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-26 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-26 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 17, 2012. Date: 2012-09-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of Minutes of the 23rd Annual General Meeting (AGM) of the Company held on August 17, 2012. Date: 2012-09-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-12 |
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Source: BSE - Hoshi D Bhagwagar has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-12 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-12 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-09-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on August 29, 2012 allotted 9,901 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 4,19,970,645/- divided into 83,994,129 equity shares of face value of Rs. 5/- each. Date: 2012-08-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on August 29, 2012 allotted 9,901 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,970,645/- divided into 83,994,129 equity shares of face value of Rs.5/- each Date: 2012-08-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on August 29, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 and Employees Stock Option Scheme (ESOP), 2010 of the Company. Date: 2012-08-28 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-08-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the outcome of the Annual General Meeting of the Company held on August 17, 2012. Date: 2012-08-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding the 23rd Annual General Meeting (AGM) of the Company was held on August 17, 2012 under Clause 35A. Date: 2012-08-17 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-08-16 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-08-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-08-09 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 02, 2012, titled "Oracle Financial Services Software Reports Q1 Fiscal Year 2013 Net Income of Rs.368 Crore Up 80% over Same Quarter Year-over-Year; Revenue for the Quarter at Rs.946 Crore up 33% over Same Quarter Year-over-Year". Date: 2012-08-03 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results along with the Limited Review Report for the period ended June 30,2012. Date: 2012-08-03 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter ended June 30, 2012:
The Unaudited results for the Quarter ended June 30, 2012
The Company has posted a net profit after tax of Rs. 3282.80 million for the quarter ended June 30, 2012 as compared to Rs. 1726.30 million for the quarter ended June 30, 2011. Total Revenue has increased from Rs. 6460.30 million for the quarter ended June 30, 2011 to Rs. 9531.50 million for the quarter ended June 30, 2012.
The Consolidated Results are as follows:
The Unaudited consolidated results for the Quarter ended June 30, 2012
The Group has posted a net profit after tax of Rs. 3680.60 million for the quarter ended June 30, 2012 as compared to Rs. 2042.20 million for the quarter ended June 30, 2011. Total Revenue has increased from Rs. 7120.80 million for the quarter ended June 30, 2011 to Rs. 9463.30 million for the quarter ended June 30, 2012. Date: 2012-08-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 02, 2012, inter alia, to consider approval of un-audited standalone Indian GAAP Financials for the quarter ended June 30, 2012 (Q1). Date: 2012-07-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the 23rd Annual General Meeting (AGM) of the Company will be held on August 17, 2012. Date: 2012-07-23 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 11, 2012 to August 17, 2012 (both days inclusive) for the purpose of 23rd Annual General Meeting (AGM) of the Company to be held on August 17, 2012. Date: 2012-07-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on July 04, 2012 allotted 5,167 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,921,140/- divided into 83,984,228 equity shares of face value of Rs.5/- each. Date: 2012-07-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on July 04, 2012, allotted 5,167 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,921,140/- divided into 83,984,228 equity shares of face value of Rs. 5/- each. Date: 2012-07-04 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on July 04, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 and Employees Stock Option Scheme (ESOP), 2010 of the Company. Date: 2012-07-02 |
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Source: NSE - Spurt in Volume : Substantial increase in trading volumes have been observed in Oracle Financial Services Software Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Oracle Financial Services Software Limited has vide its letter inter-alia stated, "We are not aware of the reasons for the increase in volumes of our scrip." Date: 2012-07-02 |
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Source: BSE - With reference to the Increase in Volumes, Oracle Financial Services Software Ltd has clarified to BSE that the Company is not aware of the reasons for the increase in volumes of the Scrip. Date: 2012-07-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated June 28, 2012, titled "Oracle Introduces Oracle FLEXCUBE 12.0 to Help Banks Meet the Needs of Gen Y Customers". Date: 2012-06-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 28, 2012 titled "Oracle Introduces Oracle FLEXCUBE 12.0 to Help Banks Meet the Needs of Gen Y Customers" Date: 2012-06-28 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on May 23, 2012 allotted 5,304 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,895,305/- divided into 83,979,061 equity shares of face value of Rs.5/- each. Date: 2012-05-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on May 23, 2012 allotted 5,304 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,895,305/- divided into 83,979,061 equity shares of face value of Rs. 5/- each. Date: 2012-05-23 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 11, 2012 inter-alia :- (1) Did not recommend any dividend on equity shares for the financial year ended March 31, 2012; (2) Accepted the resignation of Mr. William T. Comfort, Jr., Chairman of the Board with effect from the close of business hours of May 11, 2012, and placed on record its appreciation for the contributions made by Mr. Comfort as a member of the Board during his tenure of 14 years; and (3) Appointed Mr. S. Venkatachalam, a Non Executive Independent Director as the Chairman of the Board of Directors with effect from May 12, 2012. Date: 2012-05-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 11, 2012, titled "Oracle Financial Services Software Reports Fiscal Year 2012 Revenue of Rs.3,147 Crore up 5%; Net Income for Fiscal Year 2012 Rs.909 Crore Down 18%". Date: 2012-05-14 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2012. Date: 2012-05-14 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter & year ended March 31, 2012:
The Unaudited results for the Quarter ended March 31, 2012
The Company has posted a net profit of Rs. 4995.00 million for the quarter ended March 31, 2012 as compared to Rs. 3351.80 million for the quarter ended March 31, 2011. Total Income has increased from Rs. 7573.30 million for the quarter ended March 31, 2011 to Rs. 7818.60 million for the quarter ended March 31, 2012.
The Audited results for the Year ended March 31, 2012
The Company has posted a net profit of Rs. 10892.30 million for the year ended March 31, 2012 as compared to Rs. 9679.70 million for the year ended March 31, 2011. Total Income has increased from Rs. 25008.10 million for the year ended March 31, 2011 to Rs. 29808.80 million for the year ended March 31, 2012.
The Consolidated Results are as follows:
The Audited consolidated results for the Year ended March 31, 2012
The Group has posted a net profit of Rs. 9092.90 million for the year ended March 31, 2012 as compared to Rs. 11109.80 million for the year ended March 31, 2011. Total Income has increased from Rs. 31637.60 million for the year ended March 31, 2011 to Rs. 35684.30 million for the year ended March 31, 2012. Date: 2012-05-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 11, 2012, inter alia, to consider the following:
1. To approve audited standalone Indian GAAP Financials for the year ended March 31, 2012.
2. To approve audited consolidated Indian GAAP Financials for the year ended March 31, 2012.
3. To consider recommendation of a dividend, if any, on equity shares. Date: 2012-05-03 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosures under Reg.13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-04-16 |
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Source: BSE - Manmath Kulkarni has submitted the disclosures under Reg.13(4), 13(4A) and 13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992 Date: 2012-04-16 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-04-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on March 28, 2012, allotted 21,380 equity shares of face value of Rs.5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,868,785/- divided into 83,973,757 equity shares of face value of Rs.5/- each. Date: 2012-03-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on March 28, 2012, allotted 21,380 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002 and the Employee Stock Option Scheme, 2010. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,868,785/- divided into 83,973,757 equity shares of face value of Rs. 5/- each. Date: 2012-03-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on March 28, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 and Employees Stock Option Scheme (ESOP), 2010 of the Company. Date: 2012-03-26 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-26 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-26 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-21 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-21 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-12 |
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Source: BSE - Avadhut Digambar Ketkar has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-12 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-07 |
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Source: BSE - Avadhut Digambar Ketkar has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-07 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-05 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-03-05 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-29 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-29 |
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Source: NSE - News Verification : The media had reports that the US parent company may delist Oracle Financial Services Software Limited. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Oracle Financial Services Software Limited has vide its letter inter-alia stated,"We are not aware of any such developments and there is no such communication received or issued by the company in this regard." Date: 2012-02-27 |
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Source: BSE - With reference to news item appearing in leading financial daily titled "Oracle Financial Jumps 16% on Delisting Buzz", Oracle Financial Services Software Ltd has clarified to BSE that the Company is not aware of any such developments and there is no such communication received or issued by the Company in this regard. Date: 2012-02-27 |
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Source: BSE - Makarand Padalkar has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-21 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-17 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-17 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on February 15, 2012, allotted 3,900 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,761,885/- divided into 83,952,377 equity shares of face value of Rs.5/- each. Date: 2012-02-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on February 15, 2012, allotted 3,900 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pan pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,761,885/- divided into 83,952,377 equity shares of face value of Rs. 5/- each. Date: 2012-02-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-15 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on February 15, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2012-02-13 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-13 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-13 |
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Source: BSE - Manmath Kulkarni has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2012-02-08 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding Press Releases dated February 07, 2012 titled "Oracle Launches Comprehensive, Ready-to-Deploy Applications for Solvency II Reporting and Analysis", "Oracle Financial Services Announces Global Developers Forum to Showcase Oracle FLEXCUBE''s Extreme Extensibility", "Leading Research Firm Ranks Oracle as Leader in Integrated Risk and Finance Management Solutions" and "Oracle Introduces Oracle FLEXCUBE Multi-Channel Solution on Direct and Mobile Channels for the Financial Services Industry". Date: 2012-02-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 07, 2012 titled "Oracle Introduces Oracle FLEXCUBE Multi-Channel Solution on Direct and Mobile Channels for the Financial Services Industry". Date: 2012-02-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 07, 2012 titled "Leading Research Firm Ranks Oracle as Leader in Integrated Risk and Finance Management Solutions". Date: 2012-02-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 07, 2012 titled "Oracle Financial Services Announces Global Developers Forum to Showcase Oracle FLEXCUBE''s Extreme Extensibility". Date: 2012-02-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 07, 2012 titled "Oracle Launches Comprehensive, Ready-to-Deploy Applications for Solvency II Reporting and Analysis". Date: 2012-02-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange vide its letter dated February 01, 2012 regarding a Press Release dated January 31, 2012 titled "Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services Analytical Applications to Optimize Operational Efficiency and Profitability, Elevate Customer Service and Reduce Risk". Date: 2012-02-01 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 31, 2012 titled "Financial Institutions Select Oracle FLEXCUBE Solutions and Oracle Financial Services Analytical Applications to Optimize Operational Efficiency and Profitability, Elevate Customer Service and Reduce Risk" Date: 2012-02-01 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Release dated January 25, 2012 titled "Oracle Financial Services Software Reports Q3 Fiscal Year 2012 Net Income of Rs. 303 Crore up 7% over Same Quarter Year-over-Year". Date: 2012-01-27 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2011. Date: 2012-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter ended December 31, 2011:
The Unaudited results for the Quarter ended December 31, 2011
The Company has posted a net profit of Rs. 2516.80 million for the quarter ended December 31, 2011 as compared to Rs. 2473.50 million for the quarter ended December 31, 2010. Total Revenue has increased from Rs. 5837.40 million for the quarter ended December 31, 2010 to Rs. 6800.10 million for the quarter ended December 31, 2011.
The Consolidated Results are as follows:
The Unaudited consolidated results for the Quarter ended December 31, 2011
The Group has posted a net profit after tax of Rs. 3029.70 million for the quarter ended December 31, 2011 as compared to Rs. 2824.30 million for the quarter ended December 31, 2010. Total Revenue has increased from Rs. 7376.30 million for the quarter ended December 31, 2010 to Rs. 8159.20 million for the quarter ended December 31, 2011.
The figures for the Quarter ended December 31, 2010 are Audited. Date: 2012-01-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 25, 2012, inter alia, to consider and approve un-audited standalone Indian GAAP Financials for the quarter and nine months ended December 31, 2011 (Q3). Date: 2012-01-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on January 12, 2012, allotted 6,775 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,742,385/- divided into 83,948,477 equity shares of face value of Rs.5/- each. Date: 2012-01-13 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on January 12, 2012, allotted 6,775 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs.419,742,385/-divided into 83,948,477 equity shares of face value of Rs.5/- each. Date: 2012-01-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Realease dated January 11 , 2012 , titled "China's Ping An Bank Goes Live on Oracle FLEXCUBE Core Banking Solution" Date: 2012-01-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE about a Press Release dated January 11, 2012 titled "China's Ping An Bank Goes Live on Oracle FLEXCUBE Core Banking Solution" Date: 2012-01-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on January 12, 2012, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2012-01-10 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-30 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-30 |
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Source: BSE - Makarand Padalkar has submitted the disclosure under Regulation 13(4), 13(4A) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-22 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Compensation Committee of the Board has approved the grant of 6,00,500 stock options to the eligible employees and directors of the Company and its subsidiaries under the Employee Stock Option Plan 2011 Scheme ("ESOP 2011 Scheme") of the Company at an exercise price of Rs. 1,929.95 per option being the latest available closing price (on December 19, 2011) prior to the Date of Grant, on the National Stock Exchange of India Limited, where there was highest trading volume of the equity shares of the Company. The options are granted on the following main terms and conditions : (1) Date of Grant : December 20, 2011; (2) The said options have a vesting period of 5 years from the date of grant in the ratio of 20% per year; (3) The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and (4) The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2011 Scheme. Date: 2011-12-20 |
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Source: BSE - Oracle Financial Services Software Ltd that the Compensation Committee of the Board has approved the grant of 6,00,500 stock options to the eligible employees and directors of the Company and its subsidiaries under the Employee Stock Option Plan 2011 Scheme ("ESOP 2011 Scheme") of the Company at an exercise price of Rs. 1,929.95 per option being the latest available closing price (on December 19, 2011) prior to the Date of Grant, on the National Stock Exchange of India Limited, where there was highest trading volume of the equity shares of the Company. The options are granted on the following main terms and conditions:
1. Date of Grant: December 20, 2011;
2.. The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year;
3. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and
4. The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2011 Scheme. Date: 2011-12-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on December 14, 2011, allotted 4,500 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who have exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs.419,708,510/-divided into 83,941,702 equity shares of face value of Rs.5/- each. Date: 2011-12-14 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the revised disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-12 |
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Source: BSE - Kishore Kapoor has submitted the revised disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on December 14, 2011, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-12-12 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-12 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-12-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE about a Press Release dated December 06, 2011 tilted "Oracle Financial Services Liquidity Risk Management Enables Full Compliance with Basel III Guidelines" Date: 2011-12-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Release dated December 06, 2011, titled "Oracle Financial Services Liquidity Risk Management Enables full Compliance with Basel III Guidelines". Date: 2011-12-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Compensation Committee of the Board has approved the grant of 40,000 stock options to an employee of the Company under the ESOP 2011 Scheme at an exercise price of Rs. 2,031.75 per option (being the closing price on November 30, 2011 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions : (1)Date of Grant : December 1, 2011; (2) The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year; (3) The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and (4) The said options shall be effective within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the ESOP 2011 Scheme. Date: 2011-12-01 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Compensation Committee of the Board has approved the grant of 40,000 stock options to an employee of the Company under the ESOP 2011 Scheme at an exercise price of Rs. 2,031.75 per option (being the closing price on November 30, 2011 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions.
1. Date of Grant: December 01, 2011;
2. The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year;
3. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and
4. The said options shall be effective within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the ESOP 2011 Scheme. Date: 2011-12-01 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-11-24 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-11-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that as disclosed on February 03, 2011, Allied Irish Banks PLC (AIB) made a claim against Oracle Financial Services Software B.V, a wholly owned subsidiary of Oracle Financial Services Software Ltd. (OFSS) and OFSS. That claim has been settled with no admission of liability on November 18, 2011. The settlement is already covered by a provision in the accounts and thus the Company do not expect it to have a material impact on the present or future operations of OFSS, or on its profitability or financials. AIB remains a customer of OFSS. Date: 2011-11-21 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that as disclosed on February 03, 2011, Allied Irish Banks PLC (AIB) made a claim against Oracle Financial Services Software B.V, a wholly owned subsidiary of Oracle Financial Services Software Ltd. (OFSS) and OFSS. That claim has been settled with no admission of liability on November 18, 2011. The settlement is already covered by a provision in the accounts and thus the Company do not expect it to have a material impact on the present or future operations of OFSS, or on its profitability or financials. AIB remains a customer of OFSS. Date: 2011-11-19 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-11-14 |
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Source: BSE - Manmath Kulkarni has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-11-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a Press Release dated October 25, 2011 titled "Oracle Financial Services Software Reports Q2 Fiscal Year 2012 Net Income of Rs. 209 Crore; Revenue for the Quarter at Rs. 756 Crore up 2% over Same Quarter Year-over-Year" Date: 2011-10-28 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2011. Date: 2011-10-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 25, 2011 titled "Oracle Financial Services Software Reports Q2 Fiscal Year 2012 Net Income of Rs. 209 Crore; Revenue for the Quarter at Rs. 756 Crore up 2% over Same Quarter Year-over-Year" Date: 2011-10-26 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the quarter ended September 30, 2011:
The Unaudited results for the Quarter ended September 30, 2011
The Company has posted a net profit of Rs. 1654.20 million for the quarter ended September 30, 2011 as compared to Rs. 2115.20 million for the quarter ended September 30, 2010. Total Revenue has increased from Rs. 5824.10 million for the quarter ended September 30, 2010 to Rs. 6183.40 million for the quarter ended September 30, 2011.
The Consolidated Results are as follows:
The Unaudited consolidated results for the Quarter ended September 30, 2011
The Group has posted a net profit after tax of Rs. 2086.70 million for the quarter ended September 30, 2011 as compared to Rs. 2635.20 million for the quarter ended September 30, 2010. Total Revenue has increased from Rs. 7436.00 million for the quarter ended September 30, 2010 to Rs. 7561.70 million for the quarter ended September 30, 2011.
The figures for the Quarter ended September 30, 2010 are Audited. Date: 2011-10-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange vide its letter dated October 18, 2011 regarding a press release dated October 17, 2011, titled "Oracle Introduces Oracle Financial Services Enterprise Case Management". Date: 2011-10-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 17, 2011, titled "Oracle Introduces Oracle Financial Services Enterprise Case Management".
Date: 2011-10-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2011, inter alia, to consider and approve un-audited standalone Indian GAAP Financials for the quarter and half year ended September 30, 2011 (Q2). Date: 2011-10-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on October 11, 2011 allotted 800 equity shares of face value of Rs. 5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 41,96,86,010/- divided into 8,39,37,202 equity shares of face value of Rs. 5/- each. Date: 2011-10-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on October 11, 2011 allotted 800 equity shares of face value of Rs. 5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment, no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 41,96,86,010/- divided into 8,39,37,202 equity shares of face value of Rs. 5/- each. Date: 2011-10-11 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-10-07 |
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Source: BSE - Vivek V Govilkar has submitted the revised disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-10-07 |
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Source: BSE - Vivek V Govilkar has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-10-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on October 11, 2011, to consider allotment of shares to the eligible employee who has chosen to exercise his options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-10-07 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 18, 2011. Date: 2011-09-23 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of the minutes of the 22nd Annual General Meeting (AGM) held on August 18, 2011. Date: 2011-09-23 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press releases dated September 19, 2011, titled "Oracle Financial Services Revenue Management and Billing Running with Oracle Exadata Database Machine Delivers Extreme Performance"; "Oracle Receives SWIFTReady Payment Label 2011" and "Oracle Announces New Release of Oracle Financial Services Basel II that Enables Banks to Meet Islamic Financial Services Board Guidelines for Capital Adequacy". Date: 2011-09-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 19, 2011 titled "Oracle Announces New Release of Oracle Financial Services Basel II that Enables Banks to Meet Islamic Financial Services Board Guidelines for Capital Adequacy" Date: 2011-09-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 19, 2011 titled "Oracle Receives SWIFTReady Payment Label 2011" Date: 2011-09-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 19, 2011 titled "Oracle Financial Services Revenue Management and Billing Running with Oracle Exadata Database Machine Delivers Extreme Performance" Date: 2011-09-19 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that pursuant to the approval of the shareholders at their Annual General Meeting held on August 18, 2011, the Board of Directors of the Company, in their Board meeting after the AGM, approved the new Employee Stock Option Scheme titled Employee Stock Option Plan 2011 Scheme (the ESOP 2011 Scheme) covering 5,100,000 options to be granted in one or more tranches to eligible employees and directors of the Company and its present or future subsidiary Companies from time to time. Date: 2011-08-19 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding outcome of the Annual General Meeting (AGM) of the Company held on August 18, 2011. Date: 2011-08-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that pursuant to the approval of the shareholders at their Annual General Meeting held on August 18, 2011, the Board of Directors of the Company, in their Board meeting after the AGM, approved the new Employee Stock Option Scheme titled “Employee Stock Option Plan 2011 Scheme†(“the ESOP 2011 Schemeâ€) covering 5,100,000 options to be granted in one or more tranches to eligible employees and directors of the Company and its present or future subsidiary Companies from time to time.
Date: 2011-08-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the members at the 22nd Annual General Meeting (AGM) of the Company held on August 18, 2011, inter alia, have passed the following resolutions:
1. Adopted the audited Balance Sheet as on March 31, 2011, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
2. Re-appointed Mr. Derek H. Williams and Mr. William T. Comfort, Jr., as Directors liable to retire by rotation.
3. Appointed M/s. S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM and authorized the Board to fix their remuneration.
4. Authorized the Board of Directors to appoint Branch Auditors of the Company.
5. Appointed Mr Chaitanya Kamat, Mr. S. Venkatachalam and Mr. Robert K. Weiler as Directors, liable to retire by rotation.
6. Approved the appointment and remuneration of Mr. Chaitanya Kamat as the Managing Director & CEO of the Company for a period of three years ending October 24, 2013.
7. Authorized the Board to pay Commission not exceeding 1% per annum of the net profits of the Company, to the Non-Executive Directors of the Company for a further period of five years from April 01, 2012 to March 31, 2017.
8. Authorized the Board to grant stock options to the present and future employees and Directors of the Company and its subsidiaries companies, which could give rise to equity shares of face value of Rs. 5/- each of the Company, not exceeding 12.5% of the issued and paid-up share capital of the Company at any given time.
9. Approved the resolution concerning the retirement of Ms. Dorian Daley and not filling in the vacancy at the current AGM. Date: 2011-08-18 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results for the period ended June 30,2011. Date: 2011-08-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 58190 lacs for quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 17263 lacs for the quarter ending on 30-JUN-2011. Date: 2011-08-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 02, 2011, titled "Oracle Financial Services Software Reports Q1 Fiscal Year 2012 Net Income of Rs.204 Crore; Up 6% over Same Quarter Year-over-Year". Date: 2011-08-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated August 02, 2011 titled "Oracle Financial Services Software Reports Q1 Fiscal Year 2012 Net Income of Rs. 204 Crore; Up 6% over Same Quarter Year-over-Year". Date: 2011-08-03 |
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Source: BSE - News Body Follows...... Date: 2011-08-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 28, 2011, titled "Bank Muamalat, Indonesia, Targets Future Growth and Strengthens its Technology Infrastructure for Islamic Banking with Oracle FLEXCUBE". Date: 2011-07-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 28, 2011 titled "Bank Muamalat, Indonesia, Targets Future Growth and Strengthens its Technology Infrastructure for Islamic Banking with Oracle FLEXCUBE" Date: 2011-07-28 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on July 26, 2011, allotted 22,150 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 419,682,010/- divided into 83,936,402 equity shares of face value of Rs. 5/- each. Date: 2011-07-27 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on July 26, 2011, allotted 22,150 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs. 419,682,010/- divided into 83,936,402 equity shares of face value of Rs. 5/- each. Date: 2011-07-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on July 26, 2011 allotted 22,150 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,682,010/- divided into 83,936,402 equity shares of face value of Rs. 5/- each. Date: 2011-07-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on July 26, 2011, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-07-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 02, 2011, inter alia, to consider approval of un-audited standalone Indian GAAP Financials for the quarter ended June 30, 2011 (Q1). Date: 2011-07-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 13, 2011 to August 18, 2011 (both days inclusive) for the purpose of 22nd Annual General Meeting (AGM) of the Company to be held on August 18, 2011. Date: 2011-07-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2011, titled "Amana Bank Selects Oracle FLEXCUBE Universal Banking to Launch First Islamic Bank in The United Republic of Tanzania". Date: 2011-07-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that out of 12,100 shares allotted by the Company on June 27, 2011, 6,000 shares allotted to Shahab Alam, NRI employee of the Company, on Non Repatriation basis in accordance with the RBI Guidelines. Date: 2011-07-12 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-07-11 |
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Source: BSE - Bharat Mehta has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-07-11 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-07-05 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company have on July 4, 2011, appointed Mr. Robert K. Weiler, Executive Vice President of Oracle Corporation, as an Additional Director of the Company. Date: 2011-07-04 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company have on July 04, 2011, appointed Mr. Robert K. Weiler, Executive Vice President of Oracle Corporation, as an Additional
Director of the Company. Date: 2011-07-04 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Compensation Committee of the Board has on June 29, 2011 approved the grant of 20,000 stock options to an employee of the Company under the ESOP 2010 Scheme at an exercise price of Rs. 2,342.05 per option (being the closing price on June 28, 2011 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions. (1) The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year; (2) The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and (3) The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2010 Scheme. Date: 2011-06-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Compensation Committee of the Board on June 29, 2011, has approved the grant of 20,000 stock options to an employee of the Company under the ESOP 2010 Scheme at an exercise price of Rs. 2,342.05 per option (being the closing price on June 28, 2011 on the National Stock Exchange of India Ltd. where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent required, on the following terms and conditions.
1. The said options have vesting period of 5 years from the date of grant in the ratio of 20% per year;
2. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and
3. The said options shall be exercisable within a period of 10 years from the date of grant and shall be governed by the terms and conditions of the Employee Stock Option Plan 2010 Scheme. Date: 2011-06-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on June 27, 2011, allotted 12,100 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,571,260/- divided into 83,914,252 equity shares of face value of Rs.5/- each. Date: 2011-06-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on June 27, 2011, has allotted 12,100 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs. 419,571,260/- divided into 83,914,252 equity shares of face value of Rs.5/- each. Date: 2011-06-27 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that a meeting of ESOP Allotment Committee of the Company will be held on June 27, 2011 to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-06-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on June 27, 2011, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-06-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-06-16 |
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Source: BSE - Manmath Kulkarni has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-06-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that has submitted to the Exchange a copy of (1) Letters the Shareholders who are holding shares in physical form requesting them to intimate their e-mail id so as to enable the Company to send notices / documents to them electronically. (2) E-mail to those shareholders whose e-mail ids are registered with their Depository Participants, seeking their confirmation to use the same for sending notices / documents to them electronically in lieu of physical form. Date: 2011-06-07 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of :
1. Letters the Shareholders who are holding shares in physical form requesting them to intimate their e-mail id so as to enable the Company to send notices / documents to them electronically.
2. E-mail to those shareholders whose e-mail ids are registered with their Depository Participants, seeking their confirmation to use the same for sending notices / documents to them electronically in lieu of physical form. Date: 2011-06-06 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-06-02 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-06-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated June 01, 2011, titled "Oracle Introduces Oracle Financial Services Hedge Management and IFRS Valuations". Date: 2011-06-02 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 01, 2011 titled "Oracle Introduces Oracle Financial Services Hedge Management and IFRS Valuations". Date: 2011-06-01 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 24, 2011, titled " New Study Connects Financial Institution Profitability with Risk and Finance Alignment." Date: 2011-05-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 24, 2011 titled "New Study Connects Financial Institution Profitability with Risk and Finance Alignment". Date: 2011-05-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 10, 2011, titled "Oracle Financial Services Software Reports Q4 Fiscal Year 2011 Net Income of Rs.372 Crore Up 138% year-over-year; Net Income for Fiscal Year 2011 at Rs.1111 Crore, Up 44% over Fiscal Year 2010". Date: 2011-05-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 299693 lacs for year ending on 31-MAR-2011 against Rs. 287397 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 111100 lacs for the year ending on 31-MAR-2011 against Rs. 77366 lacs for the year ending on 31-MAR-2010. Date: 2011-05-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 236051 lacs for year ending on 31-MAR-2011 against Rs. 224347 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 96798 lacs for the year ending on 31-MAR-2011 against Rs. 66085 lacs for the year ending on 31-MAR-2010. Date: 2011-05-11 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2011. Date: 2011-05-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 10, 2011 did not recommend any dividend on equity shares for the financial year ended March 31, 2011. Date: 2011-05-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2011, inter alia, did not recommend any dividend on equity shares for the financial year ended March 31,2011. Date: 2011-05-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE about a Results Press Release dated May 10, 2011 titled "Oracle Financial Services Software Reports Q4 Fiscal Year 2011 Net Income of Rs. 372 Crore Up 138 % year - over - year, Net Income for Fiscal Year 2011 at Rs.1111 Crore, Up 44% over Fiscal Year 2010" Date: 2011-05-11 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following audited results for the year ended March 31, 2011:
The Audited results for the Year ended March 31, 2011
The Company has posted a net profit of Rs 9679.80 million for the year ended March 31, 2011 as compared to Rs 6608.40 million for the year ended March 31, 2010. Total Revenue has increased from Rs 22434.70 million for the year ended March 31, 2010 to Rs 23605.10 million for the year ended March 31, 2011.
The Audited Consolidated Results are as follows:
The Audited consolidated results for the Year ended March 31, 2011
The Group has posted a net profit of Rs 11110.00 million for the year ended March 31, 2011 as compared to Rs 7736.50 million for the year ended March 31, 2010. Total Revenue has increased from Rs 28739.70 million for the year ended March 31, 2010 to Rs 29969.30 million for the year ended March 31, 2011. Date: 2011-05-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on May 10, 2011, allotted 5,550 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors. With this allotment, the paid up capital of the Company increased to Rs.419,510,760/- divided into 83,902,152 equity shares of face value of Rs.5/- each. Date: 2011-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on May 10, 2011, has allotted 5,550 equity shares of face value of Rs.5/- each to an eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. In this allotment no shares are allotted to Directors.
With this allotment, the paid up capital of the Company increased to Rs.419,510,760/- divided into 83,902,152 equity shares of face value of Rs.5/- each. Date: 2011-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 10, 2011, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Financials for the year ended March 31, 2011.
2. To adopt audited consolidated Indian GAAP Financials for the year ended March 31, 2011.
3. To recommend a dividend, if any, on equity shares.
4. To consider allotment of shares to the eligible employees who have exercised their options under Employee Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-05-02 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 26, 2011 titled "Cadiz Asset Management selects Oracle FLEXCUBE Investor Servicing to support business growth". Date: 2011-04-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on April 19, 2011, allotted 1,800 equity shares of face value of Rs.5/- each to an eligible employee of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs.419,483,010/- divided into 83,896,602 equity shares of face value of Rs.5/- each. Date: 2011-04-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on April 19, 2011, has allotted 1,800 equity shares of face value of Rs.5/- each to an eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs.419,483,010/- divided into 83,896,602 equity shares of face value of Rs.5/- each. Date: 2011-04-19 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 14, 2011, titled "Helm Bank Selects Oracle". Date: 2011-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on April 19, 2011, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 14, 2011 titled "Helm Bank Selects Oracle" Date: 2011-04-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated March 29, 2011, titled "Bank of the Lao PDR selects Oracle FLEXCUBE Universal Banking to Modernize Operations". Date: 2011-03-30 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-03-29 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-03-29 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-02-24 |
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Source: BSE - Manmath Kulkarni has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-02-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on February 24, 2011, allotted 125 equity shares of face value of Rs.5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs.419,474,010/- divided into 83,894,802 equity shares of face value of Rs.5/- each. Date: 2011-02-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on February 24, 2011, has allotted 125 equity shares of face value of Rs.5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs.419,474,010/- divided into 83,894,802 equity shares of face value of Rs. 5/- each. Date: 2011-02-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-02-22 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-02-22 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on February 24, 2011, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-02-21 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-02-18 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-02-18 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that Mr.Joseph John, Whole-time Director of the Company, has tendered his resignation from the Board of Directors of the Company with effect from March 31, 2011. Date: 2011-02-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that Mr. Joseph John, Whole-time Director of the Company, has tendered his resignation from the Board of Directors of the Company with effect from March 31, 2011. Date: 2011-02-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 09, 2011, titled "Oracle Reveleus Liquidity Risk Management Delivers Extreme Performance for Liquidity Calculations on Oracle Exadata(R) Database Machine X2-2" and "Oracle Financial Services Analytical Applications Delivers Extreme Performance for Regulatory Capital Calculations on Oracle Exadata(R) Database Machine X2-2" and "Oracle Financial Services Profitability Management Running on Oracle Exadata(R) Database Machine Delivers Extreme Performance for Profitability Measures". Date: 2011-02-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 09, 2011 titled "Oracle Financial Services Profitability Management Running on Oracle Exadata Database Machine Delivers Extreme Performance for Profitability Measures" Date: 2011-02-09 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 09, 2011 titled "Oracle Financial Services Analytical Applications Delivers Extreme Performance for Regulatory Capital Calculations on Oracle Exadata Database Machine X2-2" Date: 2011-02-09 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 09, 2011 titled "Oracle Reveleus Liquidity Risk Management Delivers Extreme Performance for Liquidity Cilculations on Oracle Exadata Database Machine X2-2" Date: 2011-02-09 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Director of the Company at their meeting held on February 04, 2011 have allotted 1400 equity shares of face value of Rs.5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. With this allotment, the paid up capital of the Company has increased to Rs.419,473,385 divided into 83,894,677 equity shares of Rs.5/- each. Date: 2011-02-05 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 04, 2011, titled "Oracle Financial Services Software Reports Q3FY2011 Net Income of Rs. 282 Crore up 24% Over the Quarter Ended December 2009". Date: 2011-02-05 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results for the period ended December 31,2010. Date: 2011-02-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 04, 2011, inter alia, allotted 1,400 equity shares of face value of Rs. 5/- each to an eligible employee of the Company who exercised his stock options under the Employee Stock Option Scheme, 2002. With this allotment, the paid up capital of the Company has increased to Rs. 419,473,385 divided into 83,894,677 equity shares of Rs. 5/- each. Date: 2011-02-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE about a Results Press Release dated February 04, 2010 titled "Oracle Financial Services Software Reports Q3 FY 2O11 Net Income of Rs. 282 Crore Up 24% Over the Quarter Ended December 2009" Date: 2011-02-05 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended December 31, 2010:
The Company has posted a net profit of Rs 2473.50 million for the quarter ended December 31, 2010 as compared to Rs 1915.10 million for the quarter ended December 31, 2009. Total Income has increased from Rs 5555.40 million for the quarter ended December 31, 2009 to Rs 5837.40 million for the quarter ended December 31, 2010.
The Consolidated Results are as follows
The audited results for the Quarter ended December 31, 2010
The Group has posted a net profit of Rs 2824.260 million for the quarter ended December 31, 2010 as compared to Rs 2272.812 million for the quarter ended December 31, 2009. Total Income has increased from Rs 7271.687 million for the quarter ended December 31, 2009 to Rs 7376.313 million for the quarter ended December 31, 2010. Date: 2011-02-05 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that Allied Irish Banks plc (AIB), a customer in Ireland, filed a lawsuit in the Irish High Court against Oracle Financial Services Software Limited, and one of its subsidiaries, claiming damages of upwards of Euro 84 million. The AIB claim alleges breach of contract, misrepresentation and negligence. All of the allegations being raised by AIB are being rigorously defended by the Company, and the Company will also be counter-claiming against AIB for breach of contract and outstanding fees. Date: 2011-02-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that Allied Irish Banks plc (AIB), a customer in Ireland, filed a lawsuit in the Irish High Court against Oracle Financial Services Software Limited, and one of its subsidiaries, claiming damages of upwards of Euro 84 million. The AIB claim alleges breach of contract, misrepresentation and negligence. All of the allegations being raised by AIB are being rigorously defended by the Company, and the Company will also be counter-claiming against AIB for breach of contract and outstanding fees. Date: 2011-02-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding two press releases dated January 27, 2011, titled "Oracle Introduces Oracle Financial Services Data Warehouse" and "Oracle Financial Services Introduces Oracle Reveleus Liquidity Risk Management". Date: 2011-01-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 27, 2011 titled "Oracle Financial Services Introduces Oracle Reveleus Liquidity Risk Management". Date: 2011-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 27, 2011 titled "Oracle Introduces Oracle Financial Services Data Warehouse". Date: 2011-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 04, 2011, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter and nine months ended December 31, 2010.
2. To adopt audited consolidated Indian GAAP Accounts for the quarter and nine months ended December 31, 2010.
3. To consider allotment of shares to the eligible employees who have exercised their options under Employee Stock Option Scheme (ESOP), 2002 of the Company. Date: 2011-01-27 |
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Source: BSE - Avadhut Ketkar has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-01-20 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-01-20 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE:
Date: 2011-01-19 |
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Source: BSE - Kishore Kapoor has submitted the revised disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-19 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-19 |
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Source: BSE - Manmath Kulkarni has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-17 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-17 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-01-12 |
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Source: BSE - Vivek V Govilkar has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-12 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated January 11, 2011, titled "Banca Transilvania Selects Oracle FLEXCUBE Universal Banking to Support Rapid Growth through Innovative Products and Faster Service Provision". Date: 2011-01-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 11, 2011 titled "Banca Transilvania Selects Oracle FLEXCUBE Universal Banking to Support Rapid Growth through Innovative Products and Faster Service Provision" Date: 2011-01-11 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated January 05, 2011, titled "PRASAC MICROFINANCE INSTITUTION, of Cambodia Goes Live on Oracle FLEXCUBE" Date: 2011-01-06 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 05, 2011 titled "PRASAC MICROFINANCE INSTITUTION, of Cambodia Goes Live on Oracle FLEXCUBE" Date: 2011-01-05 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the revised disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-04 |
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Source: BSE - Kishore Kapoor has submitted the revised disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-04 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-03 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2011-01-03 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2011-01-03 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-12-31 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-12-31 |
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Source: BSE - Bharat Mehta has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-12-20 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-12-15 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-12-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-12-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on December 09, 2010, allotted 1,800 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs.419,466,385 divided into 83,893,277 equity shares of Rs.5/- each. Date: 2010-12-09 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on December 09, 2010, allotted 1,800 equity shares of face value of Rs. 5 each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,466,385 divided into 83,893,277 equity shares of Rs. 5/- each. Date: 2010-12-09 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that a meeting of ESOP Allotment Committee of the Company will be held on December 09, 2010 to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-12-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on December 09, 2010, to consider allotment of shares to the eligible employees who have chosen to exercise their Options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-12-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Company has sent to all the shareholders a disclosure under Section 302 of the Companies Act, 1956 giving therein the abstract of terms of appointment of Mr Chaitanya Kamat as Managing Director and Chief Executive Officer of the Company. Date: 2010-11-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on November 02, 2010, the Directors inter alia:- (1) allotted 2,700 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. With this allotment, the paid up capital of the Company has increased to Rs.419,457,385 divided into 83,891,477 equity shares of Rs.5/- each. Date: 2010-11-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated November 02, 2010, titled "Oracle Financial Services Software Reports Q2 FY2011 Net Income of 264 Cr, Up 29% Over the quarter Ended Sept 2009". Date: 2010-11-03 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the Standalone Financial Results for the period ended September 30,2010. Date: 2010-11-03 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 58241 lacs for quarter ending on 30-SEP-2010 against Rs. 50067 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 21151 lacs for the quarter ending on 30-SEP-2010 against Rs. 17394 lacs for the quarter ending on 30-JUN-2010. Date: 2010-11-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 02, 2010, inter alia, has allotted 2,700 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. With this allotment, the paid up capital of the Company has increased to Rs. 419,457,385 divided into 83,891,477 equity shares of Rs. 5/- each. Date: 2010-11-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated November 02, 2010 titled " Oracle Financial Services Software Reports Q2 FY2011 Net Income of 264 Cr, Up 29% Over the quarter ended Sept 2009". Date: 2010-11-03 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended September 30, 2010:
The Company has posted a net profit of Rs 2115.10 million for the quarter ended September 30, 2010 as compared to Rs 1718.10 million for the quarter ended September 30, 2009. Total Income has increased from Rs 5365.90 million for the quarter ended September 30, 2009 to Rs 5824.10 million for the quarter ended September 30, 2010.
The Consolidated Results are as follows
The Unaudited results for the Quarter ended September 30, 2010
The Group has posted a net profit of Rs 2635.20 million for the quarter ended September 30, 2010 as compared to Rs 2045.60 million for the quarter ended September 30, 2009. Total Income has increased from Rs 6790.10 million for the quarter ended September 30, 2009 to Rs 7436.00 million for the quarter ended September 30, 2010. Date: 2010-11-03 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-11-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that Mr. N. R. Kothandaraman (NRK Raman), Managing Director and Chief Executive Officer of the Company has decided to retire from the services of the Company and as such has submitted his resignation as the Managing Director and Chief Executive officer of the Company. The Board of Directors of the Company at its meeting held on October 25, 2010, inter alia: (i) accepted the resignation of Mr. N. R. Kothandaraman, Managing Director and Chief Executive Officer of the Company, with effect from October 25, 2010. (ii) appointed Mr. Chaitanya Kamat as an Additional Director of the Company with effect from October 25, 2010. (iii) appointed Mr. Chaitanya Kamat as the Managing Director and Chief Executive Officer of the Company for a period of three years with effect from October 25, 2010, subject to the approval of the Members of the Company and such other approvals as may be necessary in this regard. (iv) Granted 60,000 stock options to a Director of the Company under the ESOP 2002 Scheme at an exercise price of Rs. 2,333.45 (being the closing price on October 22, 2010 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent, required, on the following terms and conditions: 1. The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year; 2. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and 3. The said options shall be exercisable within a period of 10 years from the date of grant. (v) appointed Mr. S. Venkatachalam as an Additional Director (Non-Executive, Independent) of the Company with effect from October 25, 2010. Date: 2010-10-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 24, 2010 titled "Oracle Names Chet Kamat Managing Director and CEO of Oracle Financial Services Software Ltd as N.R.K. Raman Retires". Date: 2010-10-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that Mr. N. R. Kothandaraman (NRK Raman), Managing Director and Chief Executive Officer of the Company has decided to retire from the services of the Company and as such has submitted his resignation as the Managing Director and Chief Executive officer of the Company.
The Board of Directors of the Company at its meeting held on October 25, 2010, inter alia:
(i) accepted the resignation of Mr. N. R. Kothandaraman, Managing Director and Chief Executive Officer of the Company, with effect from October 25, 2010.
(ii) appointed Mr. Chaitanya Kamat as an Additional Director of the Company with effect from October 25, 2010.
(iii) appointed Mr. Chaitanya Kamat as the Managing Director and Chief Executive Officer of the Company for a period of three years with effect from October 25, 2010, subject to the approval of the Members of the Company and such other approvals as may be necessary in this regard.
(iv) Granted 60,000 stock options to a Director of the Company under the ESOP 2002 Scheme at an exercise price of Rs. 2,333.45 (being the closing price on October 22, 2010 on the National Stock Exchange of India Limited where the trading volume of the equity shares of the Company was highest) subject to such approvals, if and to the extent, required, on the following terms and conditions:
1. The above options have a vesting period of 5 years from the date of grant in the ratio of 20% per year;
2. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs. 5/- each; and
3. The said options shall be exercisable within a period of 10 years from the date of grant.
(v) appointed Mr. S. Venkatachalam as an Additional Director (Non-Executive, Independent) of the Company with effect from October 25, 2010. Date: 2010-10-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of Board of Directors of the Company will be held on November 02, 2010, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter and half year ended September 30, 2010 (Q2).
2. To adopt audited consolidated Indian GAAP Accounts for the quarter and half year ended September 30, 2010.
3. To consider allotment of shares to the eligible employees who have exercised their options under Employee Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-10-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 20, 2010, titled "Oracle, Fundtech and Sierra Atlantic Collaborate to Announce Seamless STP". Date: 2010-10-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 20, 2010 titled "Oracle, Fundtech and Sierra Atlantic Collaborate to Announce Seamless STP" Date: 2010-10-20 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 19, 2010, titled "Oracle Financial Services Releases ''European Confidence Report'' Research". Date: 2010-10-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 19, 2010 titled "Oracle Financial Services Releases "European Confidence Report" Research". Date: 2010-10-19 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-10-06 |
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Source: BSE - Kishore Kapoor has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-10-06 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on September 30, 2010, allotted 5,000 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. Further, with this allotment, the paid up captial of the Company increased to Rs.419,443,885 divided into 83,888,777 equity shares of Rs.5/- each. Date: 2010-09-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on September 30, 2010, has allotted 5,000 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs.419,443,885 divided into 83,888,777 equity shares of Rs.5/-each. Date: 2010-09-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated September 29, 2010, titled "Oracle and Efma Announce the Results of Next Generation (''Gen Y'') Customer Survey". Date: 2010-09-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 29, 2010 titled "Oracle and Efma Announce the Results of Next Generation (''Gen Y'') Customer Survey" Date: 2010-09-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that a meeting of ESOP Allotment Committee of the Company will be held on September 30, 2010 to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-09-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on September 30, 2010, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-09-28 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 25, 2010. Date: 2010-09-27 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of minutes of the Annual General Meeting (AGM) held on August 25, 2010. Date: 2010-09-27 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE:
Date: 2010-09-24 |
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Source: BSE - R Narasimhan has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE
Date: 2010-09-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-09-23 |
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Source: BSE - V Shankar has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-23 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-23 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 21, 2010 titled "Oracle Financial Services Software Introduces Oracle Mantas Energy and Commodity Trading Compliance (ECTC)" Date: 2010-09-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated September 21, 2010, titled "Oracle Financial Services Software Introduces Oracle Mantas Energy and Commodity Trading Compliance (ECTC)". Date: 2010-09-22 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-09-20 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-16 |
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Source: BSE - V Shankar has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-16 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-15 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-15 |
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Source: BSE - N R Kothanda Raman has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-14 |
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Source: BSE - Bharat Mehta has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-14 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-09-13 |
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Source: BSE - Vijay Sharma has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-09-13 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on August 25, 2010. Date: 2010-08-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated August 26, 2010 titled "Oracle FLEXCUBE Universal Banking Achieves Industry Leading Results with Oracle Exadata V2 Benchmark"
Date: 2010-08-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 26, 2010 titled "Oracle FLEXCUBE Universal Banking Achieves Industry Leading Results with Oracle Exadata V2 Benchmark". Date: 2010-08-26 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-08-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its Meeting held on August 25, 2010 allotted 250 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. Date: 2010-08-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2010, allotted 250 equity shares of face value of Rs .5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,418,885 divided into 83,883,777 equity shares of Rs 5/- each.
Further, the Board of Directors approved the ESOP 2010 Scheme with 6,18,000 options and pursuant to the Scheme granted them to the eligible employees and directors of the Company and its subsidiaries at an exercise price of Rs. 2,050/- per option (being the closing price of equity shares of the Company on August 24, 2010 on the National Stock Exchange of India Limited where the trading volume was the highest), on the following terms & conditions:
1. The above options have vesting period of 5 years from the date of grant in the ratio of 20% per year.
2. The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Rs.5 each.
3. The said options shall be exercisable within a period of 10 years from the date of grant. Date: 2010-08-26 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-08-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the outcome of the Annual General Meeting of the Members of the Company held on August 25, 2010. Date: 2010-08-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the 21st Annual General Meeting (AGM) of the Company was held on August 25, 2010. Date: 2010-08-26 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-08-25 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-08-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-08-24 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-08-24 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-08-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 25, 2010, inter alia, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-08-20 |
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Source: BSE - Joseph John has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-08-20 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Director of the Company held on August 05, 2010 the Directors inter alia :- (1) Allotted 12,470 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company has increased to Rs. 419,417,635/- divided into 83,883,527 equity shares of Rs. 5/- each. Date: 2010-08-06 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 50067 lacs for quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 17394 lacs for the quarter ending on 30-JUN-2010. Date: 2010-08-06 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 05, 2010 titled "Oracle Financial Services Software Reports Q1 FY2011 Net Income of 193 Cr, Up 24% over the quarter ended March 2010". Date: 2010-08-06 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 05, 2010, inter alia, allotted 12,470 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company has increased to Rs. 419,417,635/- divided into 83,883,527 equity shares of Rs. 5 each. Date: 2010-08-06 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated August 05, 2010 titled " Oracle Financial Services Software Reports Q1 FY2011 Net Income of 193 Cr, Up 24% over the quarter ended March 2010". Date: 2010-08-06 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended June 30, 2010:
The Company has posted a net profit of Rs 1739.40 million for the quarter ended June 30, 2010 as compared to Rs 1522.20 million for the quarter ended June 30, 2009. Total Income has decreased from Rs 5456.20 million for the quarter ended June 30, 2009 to Rs 5006.70 million for the quarter ended June 30, 2010.
The Consolidated Results are as follows
The Group has posted a net profit of Rs 1933.434 million for the quarter ended June 30, 2010 as compared to Rs 1857.894 million for the quarter ended June 30, 2009. Total Income has decreased from Rs 7100.228 million for the quarter ended June 30, 2009 to Rs 6503.468 million for the quarter ended June 30, 2010. Date: 2010-08-06 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-07-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 05, 2010, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter ended June 30, 2010 (Q1).
2. To adopt audited consolidated Indian GAAP Accounts for the quarter ended June 30, 2010.
3. To consider allotment of shares to the eligible employees who have exercised their options under Employee Stock Option Scheme (ESOP), 2002 of the Company.
Date: 2010-07-28 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 21, 2010 to August 25, 2010 (both days inclusive) for the purpose of 21st Annual General Meeting (AGM) of the Company to be held on August 25, 2010. Date: 2010-07-23 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2010, inter alia, has:
1. Accepted the resignation of Mr. Charles Phillips, Director of the Company with effect from July 22, 2010.
2. Appointed Mr. William Corey West, Senior Vice President, Corporate Controller and Chief Accounting Officer of Oracle Corporation, as Additional Director of the Company with effect from July 22, 2010.
3. Decided to convene the Twenty First Annual General Meeting (AGM) of the Members of the Company on August 25, 2010. Date: 2010-07-23 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 22, 2010: (1) Accepted the resignation of Mr. Charles Phillips, Director of the Company with effect from July 22, 2010. (2) Appointed Mr. William Corey West, Senior Vice President, Corporate Controller and Chief Accounting Officer of Oracle Corporation, as Additional Director of the Company with effect from July 22, 2010. Date: 2010-07-23 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 22, 2010 (1) decided to convene the Annual General Meeting (AGM) of the Members of the Company on August 25, 2010. (2) Further the Company has fixed Book Closure from August 21, 2010 to August 25, 2010 (both days inclusive) for the purpose of Annual General Meeting. Date: 2010-07-23 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 19, 2010 titled "ABC Banking Corporation Mauritius selects Oracle FLEXCUBE Universal Banking to Extend Bank Operations and Consolidate Finance and Leasing Operations". Date: 2010-07-19 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 19, 2010 titled "ABC Banking Corporation Mauritius Selects Oracle FLEXCUBE Universal Banking to Extend Bank Operations and Consolidate Finance and Leasing Operations" Date: 2010-07-19 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Operational Risk & Regulation Readers select Oracle Financial Services Software as a Leader in Annual Compliance Software Rankings". Date: 2010-07-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 16, 2010, titled "Banks in Vietnam Bank on Oracle(R) FLEXCUBE to Support Growth and Effectively Transform their Businesses". Date: 2010-07-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Prominvestbank Selects Oracle FLEXCUBE Universal Banking to Standardize Systems and Support Growth". Date: 2010-07-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 16, 2010, titled "Banks in Vietnam Bank on Oracle FLEXCUBE to Support Growth and Effectively Transform Their Businesses". Date: 2010-07-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 15, 2010, titled "Prominvestbank Selects Oracle FLEXCUBE Universal Banking to Standardize Systems & Support Growth". Date: 2010-07-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 15, 2010 titled "Operational Risk & Regulation Readers select Oracle Financial Services Software as a Leader in Annual Compliance Software Rankings". Date: 2010-07-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 15, 2010 titled "Celent Names Oracle a Leader in Global Core Banking Sales" Date: 2010-07-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 15, 2010, titled "Celent Names Oracle a Leader in Global Core Banking Sales". Date: 2010-07-15 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted the disclosure under Regulation 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE: Date: 2010-07-14 |
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Source: BSE - Hariharan Sankaran has submitted the disclosure under Regulation 13(4) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 to BSE Date: 2010-07-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 13, 2010 titled "Oracle Named A Global Power Seller in 2009 Banking Platform Deals by Leading Independent Analyst Firm" Date: 2010-07-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 13, 2010, titled "Oracle Named A Global Power Seller in 2009 Banking Platform Deals by Leading Independent Analyst Firm". Date: 2010-07-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on June 16, 2010, allotted 6,400 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs. 419,355,285 divided into 83,871,057 equity shares of Rs. 5/- each. Date: 2010-06-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on June 16, 2010, allotted 6,250 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,355,285 divided into 83,871,057 equity shares of Rs. 5/- each. Date: 2010-06-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on June 16, 2010 to consider allotment of shares to
the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-06-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 26, 2010 , titled "Jibun Bank and United Bank Limited Pakistan win Prestigious Banking Awards". Date: 2010-05-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 26, 2010 titled "Jibun Bank and United Bank Limited Pakistan Win Prestigious Banking Awards" Date: 2010-05-26 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the abstract of terms of appointment of Mr. Joseph John as Whole-time Director of the Company. Date: 2010-05-25 |
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Source: BSE - With reference to earlier announcement regarding FY 10 Results, Oracle Financial Services Software Ltd has now informed BSE the Company have noticed a typographical error in point no. 9 under Notes to financial results, which stated that:
9. During the year ended March 31, 2010, the Company has recorded income tax expenses of Rs. 545 lacs (March 31, 2009 Rs. 696 lacs) in the standalone financial statements and Rs. 545 lacs (March 31, 2009 Rs. 1,463 lacs) in the consolidated financial statements related to previous years.
It should instead read as follows:
9. During the year ended March 31, 2010, the Company has recorded income tax expenses of Rs. 5,445 lacs (March 31, 2009 Rs. 696 lacs) in the standalone financial statements and Rs. 5,445 lacs (March 31, 2009 Rs. 1,463 lacs) in the consolidated financial statements related to previous years. Date: 2010-05-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 12, 2010 , titled " National Bank of Cambodia Goes Live on Oracle® FLEXCUBE Universal Banking". Date: 2010-05-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 12, 2010 titled "National Bank of Cambodia Goes Live on Oracle FLEXCUBE Universal Banking" Date: 2010-05-12 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 07, 2010, the Directors inter alia: (1) Did not recommend any dividend on equity shares for the financial year ended March 31, 2010. (2) Appointed Mr. Joseph John as a Whole time Director of the Company w.e.f April 29, 2010 (3) Allotted 3,550 equity shares of face value of Rs.5/- each to the eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company has increased to Rs.419,323,285 divided into 83,864,657 equity shares of Rs.5/- Each. Date: 2010-05-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 07, 2010, titled "ORACLE Financial Services Software Reports Fiscal Year 2010 Operating Income of Rs.979 Crores, up 36% over Fiscal Year 2009". Date: 2010-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2010, inter alia :
1. Did not recommend any dividend on equity shares for the financial year ended March 31, 2010.
2. Appointed Mr. Joseph John as a Whole time Director of the Company w.e.f. April 29,
2010.
3. Allotted 3,550 equity shares of face value of Rs. 5/- each to the eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company has increased to Rs. 419,323,285 divided into 83,864,657 equity shares of Rs. 5/- each. Date: 2010-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 07, 2010 titled "ORACLE Financial Services Software Reports Fiscal Year 2010 Operating Income of Rs. 979 Crores, Up 36% over Fiscal Year 2009". Date: 2010-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following results for the year ended March 31, 2010:
The Audited results for the Year ended March 31, 2010
The Company has posted a net profit of Rs 6608.50 million for the year ended March 31, 2010 as compared to Rs 6957.10 million for the year ended March 31, 2009. Total Revenue has increased from Rs 22126.20 million for the year ended March 31, 2009 to Rs 22434.70 million for the year ended March 31, 2010.
The Consolidated Results are as follows:
The Audited consolidated results for the Year ended March 31, 2010
The Group has posted a net profit of Rs 7736.60 million for the year ended March 31, 2010 as compared to Rs 7365.40 million for the year ended March 31, 2009. Total Revenue has decreased from Rs 29276.20 million for the year ended March 31, 2009 to Rs 28739.70 million for the year ended March 31, 2010. Date: 2010-05-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 224347 lacs for year ending on 31-MAR-2010 against Rs. 221262 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 66085 lacs for the year ending on 31-MAR-2010 against Rs. 69571 lacs for the year ending on 31-MAR-2009. Date: 2010-05-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 287397 lacs for year ending on 31-MAR-2010 against Rs. 292762 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 77366 lacs for the year ending on 31-MAR-2010 against Rs. 73654 lacs for the year ending on 31-MAR-2009. Date: 2010-05-10 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 07, 2010, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the year ended March 31, 2010.
2. To adopt audited consolidated Indian GAAP Accounts for the year ended March 31, 2010.
3. To recommend a dividend, if any, on equity shares.
4. To consider allotment of shares to the eligible employees who have exercised their options under Employee Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-04-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors at its meeting held on April 29, 2010 appointed Mr. Frank Brienzi, General Manager, FSGBU, Oracle Corporation and Mr.Joseph John, Executive Vice President, Banking Products Division of the Company, as Additional Directors of the Company with immediate effect. Mr. Rajesh Hukku has taken a broader role at Oracle Corporation as Chief Strategy Officer, Financial Services. Mr. R. Ravisankar has been promoted to Chief Operating Officer, Oracle Financial Services GBU. Both of them have resigned from the Board of Directors of the Company with immediate effect. Further the Company has informed the Exchange regarding a press release dated April 28, 2010 , titled " Oracle Expands Financial Services Management Team". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-04-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2010, appointed Mr. Frank Brienzi, General Manager, FSGBU, Oracle Corporation and Mr. Joseph John, Executive Vice President, Banking Products Division of the Company, as Additional Directors of the Company with immediate effect.
Mr. Rajesh Hukku has taken a broader role at Oracle Corporation as Chief Strategy Officer Financial Services. Mr. R. Ravisankar has been promoted to Chief Operating Officer, Oracle Financial Services GBU. Both of them have resigned from the Board of Directors of the Company with immediate effect.
The Company has submitted to BSE a copy of the Press Release titled "Oracle Expands Financial Services Management Team" in this regards. Date: 2010-04-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 15, 2010, titled "TECU Credit Union Co-operative Society Limited Deploys Oracle FLEXCUBE Universal Banking". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 15, 2010 titled "TECU Credit Union Co-operative Society Limited Deploys Oracle FLEXCUBE Universal Banking" Date: 2010-04-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that:"The Company has opened a new local delivery centre in Chile to support Industry-Leading Financial Services Software and Solutions". Date: 2010-04-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 14, 2010 titled "Financial Institutions in Europe, Middle East & Africa Continue to Select Oracle Financial Services Solutions to Increase Operational Efficiency". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 14, 2010 titled "Financial Institutions in Europe, Middle East & Africa Continue to Select Oracle Financial Services Solutions to Increase Operational Efficiency" Date: 2010-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Company has opened a new local delivery centre in Chile to support Industry-Leading Financial Services Software and Solutions. Date: 2010-04-15 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on April 05, 2010, allotted 6,250 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs. 419,305,535 divided into 83,861,107 equity shares of Rs. 5/- each. Date: 2010-04-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on April 05, 2010, allotted 6,250 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,305,535 divided into 83,861,107 equity shares of Rs. 5/- each. Date: 2010-04-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on April 05, 2010 to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-04-05 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on February 26, 2010, allotted 5,700 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs. 419,274,285 divided into 83,854,857 equity shares of Rs. 5/- each. Date: 2010-02-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on February 26, 2010, allotted 5,700 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,274,285 divided into 83,854,857 equity shares of Rs. 5/- each. Date: 2010-02-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 25, 2010 titled "Oracle Financial Services Announces the Latest Release of Oracle(R) FLEXCUBE Investor Servicing". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-02-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 25, 2010 titled "Oracle Financial Services Announces the Latest Release of Oracle FLEXCUBE Investor Servicing" Date: 2010-02-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on February 26, 2010 to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-02-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on January 29, 2010, the Directors inter alia allotted 3,350 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs.419,245,785 divided into 83,849,157 equity shares of Rs.5/- each. Date: 2010-01-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated January 29, 2010 titled "Oracle Financial Services Software Reports Q3 Net Income of Rs.227 Crores, Up 11% Quarter over Quarter; Net Income for nine months ended December 2009 Up 34%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-01-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 55554 lacs for quarter ending on 31-DEC-2009 against Rs. 53659 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 19151 lacs for the quarter ending on 31-DEC-2009 against Rs. 17181 lacs for the quarter ending on 30-SEP-2009. Date: 2010-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2010, inter alia, has allotted 3,350 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs. 419,245,785 divided into 83,849,157 equity shares of Rs 5/- each. Date: 2010-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 29, 2010 titled "Oracle Financial Services Software Reports Q3 Net Income of
Rs 227 Crores, Up 11% Quarter over Quarter Net income for nine months ended December 2009 Up 34%"
Date: 2010-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended December 31, 2009:
The results for the Quarter ended December 31, 2009
The Company has posted a net profit of Rs 1915.10 million for the quarter ended December 31, 2009 as compared to Rs 1983.70 million for the quarter ended December 31, 2008. Total Revenue has decreased from Rs 5930.30 million for the quarter ended December 31, 2008 to Rs 5555.40 million for the quarter ended December 31, 2009.
The Unaudited Consolidated results are as follows:
The consolidated results for the Quarter ended December 31, 2009
The Group has posted a net profit after tax of Rs 2272.812 million for the quarter ended December 31, 2009 as compared to Rs 2635.50 million for the quarter ended December 31, 2008. Total Revenue has decreasde from Rs 8012.50 million for the quarter ended December 31, 2008 to Rs 7271.687 million for the quarter ended December 31, 2009. Date: 2010-01-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 29, 2010, inter alia, to consider the following:
1. To adopt the audited un-consolidated Indian GAAP Accounts for the quarter and nine months ended December 31, 2009 (Q3).
2. To consider allotment of shares to the eligible employees who have exercised their
options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-01-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on January 20, 2010, allotted 33,202 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the company increased to Rs. 419,229,035 divided into 83,845,807 equity shares of Rs. 5/- each. Date: 2010-01-21 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on January 20, 2010, allotted 33,202 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari passu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,229,035 divided into 83,845,807 equity shares of Rs. 5/- each. Date: 2010-01-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on January 20, 2010, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2010-01-18 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated January 07, 2010, titled " Oracle Financial Services Software Announces Oracle FLEXCUBE Universal Banking Release 11.0." A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2010-01-07 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 07, 2010 titled "Oracle Financial Services Software Announces Oracle FLEXCUBE Universal Banking Release 11.0". Date: 2010-01-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the ESOP Allotment Committee at its meeting held on December 03, 2009, allotted 23,719 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pari pasu with the existing equity shares of the Company, in all respects. With this allotment, the paid up capital of the Company increased to Rs. 419,063,025 divided into 83,812,605 equity shares of Rs. 5/- each. Date: 2009-12-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the ESOP Allotment Committee at its meeting held on December 03, 2009, allotted 23,719 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme, 2002. These shares are pan pasu with the existing equity shares of the Company, in all respects.
With this allotment, the paid up capital of the Company increased to Rs. 419,063,025 divided into 83,812,605 equity shares of Rs. 5/- each. Date: 2009-12-03 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on December 03, 2009, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2009-11-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 30, 2009, the Directors inter alia, allotted 17,500 equity shares of face value of Rs.5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs.418,944,430 divided into 83,788,886 equity shares of Rs.5/- each. Date: 2009-11-03 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Consolidated results for the quarter ended September 30, 2009:
The Consolidated results for the Quarter ended September 30, 2009
The Group has posted a net profit after tax of Rs 2045.604 million for the quarter ended September 30, 2009 as compared to Rs 934.241 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 6996.550 million for the quarter ended September 30, 2008 to Rs 6790.118 million for the quarter ended September 30, 2009. Date: 2009-10-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2009, inter alia, has allotted 17,500 equity shares of face value of Rs. 5/- each to eligible employees of the Company who exercised their stock options under the Employee Stock Option Scheme. With this allotment, the paid up capital of the Company increased to Rs. 418,944,430 divided into 63,768,886 equity shares of Rs. 5/- each. Date: 2009-10-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 30, 2009 titled "Oracle Financial Services Software Reports Q2 Net Income of Rs 205 Crores, Up 119% Year over Year". Date: 2009-10-31 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited Standalone results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 1718.10 million for the quarter ended September 30, 2009 as compared to Rs 1112.50 million for the quarter ended September 30, 2008. Total Income has decreased from Rs 5370.60 million for the quarter ended September 30, 2008 to Rs 5365.90 million for the quarter ended September 30, 2009. Date: 2009-10-31 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter and half year ended September 30, 2009 (Q2).
2. To consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2009-10-22 |
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Source: BSE - Oracle Financial Services Software Ltd has submitted to BSE a copy of the minutes of the Annual General Meeting (AGM) of the Company held on August 25, 2009. Date: 2009-10-21 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 25, 2009. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-10-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 13, 2009, titled "Oracle Announces New Financial Services Solution for Enterprise-Wide Stress Testing". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-10-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 13, 2009 titled "Oracle Announces New Financial Services Solution for Enterprise-Wide Stress Testing" Date: 2009-10-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding press releases dated September 29, 2009, titled "Leading Analyst Firm Positions Oracle Financial Services Software in Leaders Quadrant in 2009 Operational risk Management Software Report", "Oracle Reveleus Operational Risk Recognized Based on Completeness of Vision and Ability to Execute". A copy of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-09-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 29, 2009 titled "Leading Analyst Firm Positions Oracle Financial Services Software in Leaders Quadrant in 2009 Operational Risk Management Software Report" Date: 2009-09-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding press releases dated September 14, 2009, titled "Oracle Announces Oracle® Financial Services Revenue Management and Billing for Banking", "Oracle Awarded SWIFTReady Labels" and "Oracle Financial Services Software Announces New Release of Oracle® FLEXCUBE Universal Banking". A copy of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-09-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 14, 2009 titled "Oracle Financial Services Software Announces New Release of Oracle FLEXCUBE Universal Banking" Date: 2009-09-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 14, 2009 titled "Oracle Awarded SWIFTReady Labels" Date: 2009-09-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 14, 2009 titled "Oracle Announces Oracle Financial Services Revenue Management and Billing for Banking" Date: 2009-09-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated September 11, 2009, titled "Oracle Announces New Financial Services Analytical Applications for Enterprise Performance Management". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-09-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 11, 2009 titled "Oracle Announces New Financial Services Analytical Applications for Enterprise Performance Management" Date: 2009-09-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 10, 2009 titled "TAIB Bank Uses Oracle Revelus to Accelerate Time to Basel II Compliance" Date: 2009-09-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated September 10, 2009, titled "TAIB Bank Uses Oracle Reveleus to Accelerate Time to Basel II Compliance". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-09-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated September 01, 2009, titled "Oracle Financial Services Software Announces New Release of Oracle Mantas for Financial Crime Management". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-09-02 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 01, 2009 titled "Oracle Financial Services Software Announces New Release of Oracle Mantas for Financial Crime Management" Date: 2009-09-02 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Annual General Meeting of the Company was held on August 25, 2009 wherein the members of the Company : 1) Adopted the Audited Balance Sheet as on March 31, 2009, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon. 2) Re-appointed Mr. William T. Comfort, Jr.,, Mr. N R Kothandaraman (N R K Raman) and Mr. Derek Williams as directors liable to retire by rotation. 3) Appointed M/s S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM. 4) Authorized the Board of Directors to appoint Branch Auditors of the Company. 5) Appointed Ms. Dorian Daley as Director liable to retire by rotation. Date: 2009-08-27 |
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Source: BSE - With reference to earlier announcement dated August 26, 2009 regarding Outcome of AGM, Oracle Financial Services Software Ltd has now informed BSE that the Annual General Meeting of the Company was held on "August 25, 2009", and not on "August 26, 2009", wherein the members of the Company:
1. Adopted the audited Balance Sheet as on March 31, 2009, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
2. Re-appointed Mr. William T Comfort, Jr., Mr. N R Kothandaraman (NRK Raman) and Mr. Derek Williams as directors liable to retire by rotation.
3. Appointed M/s S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
4. Authorized the Board of Directors to appoint Branch Auditors of the Company.
5. Appointed Ms. Dorian Daley as Director liable to retire by rotation. Date: 2009-08-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the members at the 20th Annual General Meeting (AGM) of the Company held on August 26, 2009, inter alia, have accorded to the following:
1. Adopted the audited Balance Sheet as on March 31, 2009, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
2. Re-appointed Mr. William T Comfort, Jr., Mr. N R Kothandaraman (N R K Raman) and Mr. Derek Williams as directors liable to retire by rotation.
3. Appointed M/s S R Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
4. Authorized the Board of Directors to appoint Branch Auditors of the Company.
5. Appointed Ms. Dorian Daley as Director liable to retire by rotation. Date: 2009-08-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2009, inter alia, has allotted 2,000 ESOP equity shares of face value of Rs 5/- each to Ms. Tarjani Vakil, Director of the Company who exercised her options under Employees Stock Option Scheme (ESOP), 2002 of the Company.
With this allotment, the paid up capital stands increased to Rs. 418,856,930/- divided into 83,771,386 equity shares of face value of Rs 5/- each. Date: 2009-08-25 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on August 25, 2009, the Directors inter alia allotted 2,000 ESOP equity shares of face value of Rs.5/- each to Ms. Tarjani Vakil, Director of the Company who exercised her options under Employees Stock Scheme (ESOP), 2002 of the Company. With this allotment, the paid up capital stands increased to Rs.418,856,930/- divided into 83,771,386 equity shares of face value of Rs.5/- each." Date: 2009-08-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 25, 2009, inter alia, to consider allotment of shares to the eligible employees / directors who have chosen to exercise their Options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2009-08-17 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated August 05, 2009, titled "Leading Analyst Firm Positions Oracle® FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-08-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated August 05, 2009 titled "Leading Analyst Firm Positions Oracle FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report" Date: 2009-08-05 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 30, 2009 titled "ORACLE Financial Services Software Reports Q1 Net Income of Rs 186 Crores, Up 76% Year over Year". Date: 2009-07-30 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended June 30, 2009:
The Company has posted a net profit of Rs 1522.20 million for the quarter ended June 30, 2009 as compared to Rs 921.80 million for the quarter ended June 30, 2008. Total Income has increased from Rs 4628.00 million for the quarter ended June 30, 2008 to Rs 5456.20 million for the quarter ended June 30, 2009.
The Consolidated Results are as follows
The Group has posted a net income of Rs 1857.895 million for the quarter ended June 30, 2009 as compared to Rs 1055.625 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 6810.206 million for the quarter ended June 30, 2008 to Rs 6701.884 million for the quarter ended June 30, 2009. Date: 2009-07-30 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the auditor''s reports in respect of the Quarterly Financial Results for the quarter ended June 30, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-07-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 30, 2009, titled "ORACLE Financial Services Software reports Q1 Net Income of Rs. 186 Crores, Up 76% Year over Year; Net Revenue for the Quarter at Rs 710 Crores, Up 12% Year over Year". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-07-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 54562 lacs for quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 15222 lacs for the quarter ending on 30-JUN-2009. Date: 2009-07-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company has on July 21, 2009, inter alia approved the following: 1) Convening the Annual General Meeting (AGM) of the Members of the Company on August 25, 2009; and 2) Fixed the book closure from August 22, 2009 to August 25, 2009, both days inclusive for the purpose of Annual General Meeting. Date: 2009-07-23 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 22, 2009 to August 25, 2009 (both days inclusive) for the purpose of 20th Annual General Meeting (AGM) of the Company to be held on August 25, 2009. Date: 2009-07-23 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2009, inter alia, to consider and adopt audited un-consolidated Indian GAAP Accounts for the quarter ended June 30, 2009 (Q1). Date: 2009-07-22 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that "Consequent upon the change of name, kindly note the change in investors email id from "investors@iflexsolutions.com" to "investors-vp-ofss_in@oracle.com" Date: 2009-07-21 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that consequent upon the change of name, the change in investors email id from "investors@iflexsolutions.com" to "investors-vp-ofss_in@oracle.com" Date: 2009-07-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that w.e.f. March 24, 2009 registered office address of Oracle Financial Services Software Limited (formerly i-Flex Solutions Limited) have been changed to the following : Oracle Financial Services Software Limited, Oracle Park, Off. Western Express Highway, Goregaon (East), Mumbai - 400 063, Maharashtra, India. Date: 2009-07-20 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated July 14, 2009, titled "International Bank of Azerbaijan Goes Live on Oracle(R) FLEXCUBE Universal Banking; Oracle FLEXCUBE to Help make Bank More Agile and Responsive to Rapidly Changing Market Conditions". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-07-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated July 14, 2009 "International Bank of Azerbaijan Goes Live on Oracle FLEXCUBE Universal Banking" Date: 2009-07-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 30, 2009 titled "National Bank of Cambodia Selects Oracle FLEXCUBE as Banking
Platform" Date: 2009-06-30 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 30, 2009 titled "Cambodia''s PRASAC Microfinance Institution Selects Oracle FLEX CUBE Universal Banking". Date: 2009-06-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated June 30, 2009, titled "National Bank of Cambodia Selects Oracle(R) FLEXCUBE as Banking Platform" and "Cambodia''s PRASAC Microfinance Institution Selects Oracle(R) FLEXCUBE Universal Banking". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-06-30 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated June 25, 2009, titled "Oracle Financial Services Software Leads OpRisk & Compliance Annual Compliance Software Rankings". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-06-25 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 25, 2009 titled "Oracle Financial Services Software Leads OpRisk & Compliance Annual
Compliance Software Rankings" Date: 2009-06-25 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated June 04, 2009, titled "Leading Independent Analyst Firm Names Oracle a Global Power Seller in 2008 Banking Platform Deals". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-06-04 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated June 04, 2009 "Leading Independent Analyst Firm Names Oracle A Global Power Seller in 2008 Banking Platform Deals" Date: 2009-06-04 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2009 has inter alia: (1) Did not recommend any dividend on equity shares for the financial year ended March 31, 2009. (2) Approved acquisition of balance 10% equity capital of Oracle Financial Services Software S.A., thereby making it a wholly owned subsidiary of the Company. Date: 2009-05-18 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated May 15, 2009, titled "Oracle Financial Services Software Limited Net Income for the full year ended March 2009 grows 77% YOY to Rs 737 Crores". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-05-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 15, 2009, inter alia :
1. Did not recommended any dividend on equity shares for the financial year ended March 31, 2009.
2. Approved acquisition of balance 10% equity capital of Oracle Financial Services Software S.A., thereby making it a wholly owned subsidiary of the Company. Date: 2009-05-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 15, 2009 titled "Oracle Financial Services Software Ltd Net Income for the full year ended March 2009 grows 77% YOY to Rs 737 Crores; Revenue for the full year at Rs 2928 Crores up 23%". Date: 2009-05-16 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the year ended March 31, 2009:
The Company has posted a net profit of Rs 6957.10 million for the year ended March 31, 2009 as compared to Rs 4108.70 million for the year ended March 31, 2008. Total Revenue has increased from Rs 17929.70 million for the year ended March 31, 2008 to Rs 22126.20 million for the year ended March 31, 2009.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 7365.40 million for the year ended March 31, 2009 as compared to Rs 4155.90 million for the year ended March 31, 2008. Total Revenue has increased from Rs 23802.40 million for the year ended March 31, 2008 to Rs 29276.20 million for the year ended March 31, 2009. Date: 2009-05-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 13, 2009 titled "Bank of London and The Middle East plc Goes Live on Oracle FLEXCUBE Private Banking" Date: 2009-05-13 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 13, 2009, titled "Bank of London and The Middle East plc Goes Live on Oracle® FLEXCUBE Private Banking; Bank of London and The Middle East plc to use Private Banking Solution to Help Provide Superior Service to High Net Worth Customers". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-05-13 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated May 12, 2009 titled "Jibun Bank Wins Prestigious Award for Best Core Banking Implementation" Date: 2009-05-12 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated May 12, 2009, titled "Jibun Bank Wins Prestigious Award for Best Core Banking Implementation". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-05-12 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 15, 2009, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the year ended March 31, 2009.
2. To adopt audited consolidated Indian GAAP Accounts for the year ended March 31, 2009.
3. To recommend a dividend, if any, on equity shares. Date: 2009-05-07 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that: "We have to inform you that pursuant to Clause 41 of the Listing Agreement, the Company would be submitting the standalone and consolidated audited financial results for the financial year ended on March 31, 2009 within the stipulated time. Accordingly, the Company will not be publishing un-audited financial results for the last quarter before April 30, 2009". Date: 2009-04-21 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Company would be submitting the standalone and consolidated audited financial results for the financial year ended on March 31, 2009 within the stipulated time.
Accordingly, the Company will not be publishing un-audited financial results for the last quarter before April 30, 2009. Date: 2009-04-21 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated April 14, 2009, titled "Oracle Financial Services Software announces Oracle® FLEXCUBE Enterprise Limits and Collateral Management: New, SOA-Based Application to help banks more effectively manage Exposure across the Enterprise". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated April 14, 2009 titled "Oracle Financial Services Software Announces Oracle FLEXCUBE Enterprise Limits and Collateral Management". Date: 2009-04-15 |
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Source: BSE - Oracle Financial Services Software Ltd (OFSS) has informed BSE that the Board of Directors of the Company at its meeting held on March 24, 2009, inter alia, has approved the following:
1. Appointment of Chairman
Appointed its independent director Mr. William T Comfort, Jr., as the Chairman of the Board of Directors with effect from March 24, 2009.
Mr. Rajesh Hukku, who has led the growth of the Company as its Chairman since year 2000, will continue to serve as a Director on the board of OFSS and lead Oracle''s strategy in financial services as General Manager of Oracle''s Financial Services Global Business Unit
(FSGBU) and Chairman of the OFSS Executive Management Committee.
2. Shifting of Registered Office
Approved shifting of its registered office from ''SDF-1, 10-11, 2nd Floor, SEEPZ, Andheri (East), Mumbai 400 096, Maharashtra, India to "Oracle Park, Off. Western Express Highway, Goregaon (East), Mumbai 400 063, Maharashtra, India" effective March 24, 2009. Date: 2009-03-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange vide its letter dated March 24, 2009 that: "The Board of Directors of Oracle Financial Services Software Ltd. (OFSS), at its meeting held today has inter alia approved the following: (1) Appointment of Chairman: Appointed its independent director Mr. William T. Comfort Jr., as the Chairman of the Board of Directors with effect from March 24, 2009. This change is in accordance with the prevailing standards of corporate governance and also in conformance with SEBI guidelines. Mr. Comfort has been associated with the Company as a board member since 2002, and is currently serving as Chairman of Citigroup Venture Capital and Chairman of the Investment Committee of Court Square Capital Partners. He is also a member of the Board of Directors of Deutsche Annington (DAIG - Germany), and Nabors Industries (Bermuda). Mr. Rajesh Hukku, who has led the growth of the Company as its Chairman since year 2000, will continue to serve as a Director on the board of OFSS and lead Oracle''s strategy in financial services as General Manager of Oracle''s Financial Services Global Business Unit (FSGBU) and Chairman of the OFSS Executive Management Committee. (2) Shifting of Registered Office: Approved shifting of its registered office from ''SDF-1,10-11, 2nd Floor, SEEPZ, Andheri (East), Mumbai 400 096, Maharashtra, India to "Oracle Park, Off. Western Express Highway, Goregaon (East), Mumbai 400 063, Maharashtra, India" effective March 24, 2009". Date: 2009-03-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated March 16, 2009 titled "Oracle Financial Services Software Announces New Release of Oracle Mantas" Date: 2009-03-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated March 16, 2009, titled "Oracle Financial Services Software Announces New Release of Oracle(R) Mantas". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-03-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 24, 2009 titled "Advanced Bank of Asia, Cambodia Goes Live on Oracle FLEXCUBE Universal Banking" Date: 2009-02-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 24, 2009, titled "Advanced Bank of Asia, Cambodia Goes Live on Oracle® FLEXCUBE Universal Banking". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-02-24 |
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Source: NSE - News Verification : The media had reports that Oracle may make an open offer for the shares of the company at Rs 1000 per share. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Oracle Financial Services Software Limited has vide its letter inter-alia stated," The company is not aware of any such developments." Date: 2009-02-18 |
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Source: BSE - With reference to the news item appearing in a leading financial daily titled "Open offer buzz lifts Oracle Financial", Oracle Financial Services Software Ltd has clarified to BSE that the decision with regard to an open offer is not within the domain and control of the Company. The Company is not aware of any such developments. Date: 2009-02-18 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 17, 2009 tilted "Solix Technologies signs Oracle Financial Services Software to its partner program, Solix Enterprise Data Management to be offered to Oracle FLEXCUBE Customers" Date: 2009-02-18 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 17, 2009, titled "Solix Technologies signs Oracle Financial Services Software to its partner program, Solix Enterprise Data Management to be offered to Oracle FLEXCUBE Customers". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-02-18 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 17, 2009, titled "Oracle Financial Services Software Announces New Release of Oracle(R) FLEXCUBE Direct Banking". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-02-17 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 17, 2009 titled "Oracle Financial Services Software Announces New Release of Oracle FLEXCUBE Direct Banking" Date: 2009-02-17 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 10, 2009 titled "Oracle Financial Services Software Announces Oracle Reveleus ICAAP" Date: 2009-02-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated February 10, 2009, titled "Oracle Financial Services Software Announces Oracle Reveleus ICAAP". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-02-10 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated February 04, 2009, titled "Kapital Bank Leverages Oracle(R) Flexcube Universal Banking to help Expand the Size of its Banking Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-02-04 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated February 04, 2009 titled "Kapital Bank Leverages ORACLE FLEXCUBE Universal Banking to Help Expand the Size of its Banking Operations" Date: 2009-02-04 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 28, 2009 titled "Oracle Financial Services Software Introduces Newest Release of Oracle Reveleus Market Risk" Date: 2009-01-28 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated January 28, 2009, titled "Oracle Financial Services Software Introduces Newest Release of Oracle (R) Reveleus Market Risk". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-01-28 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange the auditor''s report in respect of the audited financial results for the quarter ended December 31, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-01-27 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated January 27, 2009, titled "Oracle Financial Services Software ltd Q3 Net Income up by 147% YoY at Rs.263 Cr; Revenue for the Quarter at Rs 801 crore, up 29% YoY". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2009-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated January 27, 2009 titled "Oracle Financial Services Software Ltd Q3 Net Income up by 147% YoY at Rs 263 Cr'' Revenue for the Quarter at Rs 801 crore; up 29% YoY". Date: 2009-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2009, inter alia, has appointed Ms. Dorian Daley as an Additional Director of the Company. Ms. Dorian Daley serves as Senior Vice President, General Counsel, and Secretary of Oracle Corporation. Date: 2009-01-27 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended December 31, 2008:
The results for the Quarter ended December 31, 2008
The Company has posted a net profit of Rs 1983.70 million for the quarter ended December 31, 2008 as compared to Rs 1107.80 million for the quarter ended December 31, 2007. Total Revenue has increased from Rs 4567.40 million for the quarter ended December 31, 2007 to Rs 5930.30 million for the quarter ended December 31, 2008.
The Consolidated results are as follows:
The Unaudited consolidated results for the Quarter ended December 31, 2008
The Group has posted a net profit after tax of Rs 2635.50 million for the quarter ended December 31, 2008 as compared to Rs 1066.60 million for the quarter ended December 31, 2007. Total Revenue has increased from Rs 6196.00 million for the quarter ended December 31, 2007 to Rs 8012.50 million for the quarter ended December 31, 2008. Date: 2009-01-27 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on January 27, 2009 the Directors inter alia: 1) Appointed Ms. Dorian Daley as an Additional Director of the Company. Ms. Dorian Daley serves as Senior Vice President, General Counsel, and Secretary of Oracle Corporation. Date: 2009-01-27 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 59303 lacs for quarter ending on 31-DEC-2008 against Rs. 54478 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 19837 lacs for the quarter ending on 31-DEC-2008 against Rs. 11125 lacs for the quarter ending on 30-SEP-2008. Date: 2009-01-27 |
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Source: BSE - With reference to the earlier announcement dated January 15, 2009, regarding a meeting of the Board of Directors of the Company will be held on January 23, 2009, inter alia, to consider and adopt audited un-consolidated Indian GAAP Accounts for the quarter (Q3) and nine months ended December 31, 2008, Oracle Financial Services Software Ltd has now informed BSE that due to unavoidable circumstances, the meeting scheduled originally on January 23, 2009, has been rescheduled to January 27, 2009. Date: 2009-01-21 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 23, 2009, inter alia, to consider and adopt audited un-consolidated Indian GAAP Accounts for the quarter (Q3) and nine months ended December 31, 2008. Date: 2009-01-15 |
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Source: BSE - With reference to the news item appearing in a leading financial daily titled "Oracle Fin gets mega deal from ICICI Bank", Oracle Financial Services Software Ltd has clarified to BSE as under:
"1. The Company has not issued any such communication to the media in this regard.
2. In respect of customer wins, as a policy, the Company issues a formal press release to the stock exchanges, once the approval of the customer is received on account of the customer confidentiality obligations." Date: 2009-01-12 |
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Source: NSE - News Verification : The media had reports that Oracle Financial Services Software Limited has bagged a multi-million deal from ICICI Bank for implementing its risk management solutions Reveleus. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Oracle Financial Services Software Limited has vide its letter inter-alia stated, "The company has not issued any such communication to the media in this regard. In respect of customer wins, as a policy, the company issues a formal press release to the stock exchanges, once the approval of the customer is received on account of the customer confidentiality obligations." Date: 2009-01-12 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange that Mr. Sergio Giacoletto Roggio, Director of the Company, has resigned from the Board of Directors of the Company w.e.f. December 16, 2008. Date: 2008-12-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that Mr. Sergio Giacoletto Roggio, Director of the Company, has resigned from the Board of Directors of the Company on December 16, 2008. Date: 2008-12-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated November 26, 2008, titled "Saudi Home Loans Goes Live on Oracle Daybreak, Implementation for Islamic Mortgage Business Completed in Record Three Months". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. Date: 2008-11-26 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated November 26, 2008 titled "Saudi Home Loans Goes Live on Oracle Daybreak" Date: 2008-11-26 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated November 13, 2008, titled "Caribbean Development Bank Selects Oracle Flexcube". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-11-14 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated November 13, 2008 titled "Caribbean Development Bank Selects Oracle FLEXCUBE" Date: 2008-11-14 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated October 29, 2008, titled "Bank Respublika, Azerbaijan Selects Oracle FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-10-29 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 29, 2008 titled "Bank Respublika, Azerbaijan Selects Oracle FLEXCUBE" Date: 2008-10-29 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the press release dated October 24, 2008, titled "Oracle Financial Services Software Posts 23% YoY Growth in Revenues for the Quarter ended September 2008; Opearating Income for the qaurter at Rs.106 Cr - Up 40% YoY (As per Consolidated Indian GAAP)". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-10-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 100757 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 20343 lacs for the half year ending on 30-SEP-2008. Date: 2008-10-24 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 54478 lacs for quarter ending on 30-SEP-2008 against Rs. 46280 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 11125 lacs for the quarter ending on 30-SEP-2008 against Rs. 9218 lacs for the quarter ending on 30-JUN-2008. Date: 2008-10-24 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 24, 2008 titled "Oracle Financial Services Software Posts 23% YoY Growth in
Revenues for the Quarter ended September 2008; Operating Income for the quarter at Rs 106 Cr - up 40% YoY (As per Consolidated Indian GAAP) Date: 2008-10-24 |
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Source: BSE - Oracle Financial Services Software Ltd has announced the following Audited results for the quarter ended September 30, 2008:
The Company has posted a net profit of Rs 1112.50 million for the quarter ended September 30, 2008 as compared to Rs 765.70 million for the quarter ended September 30, 2007. Total Income has increased from Rs 4351.70 million for the quarter ended September 30, 2007 to Rs 5447.80 million for the quarter ended September 30, 2008.
The Consolidated results are as follows:
The Unaudited consolidated results for the Quarter ended September 30, 2008
The Group has posted a net profit after tax of Rs 934.30 million for the quarter ended September 30, 2008 as compared to Rs 871.70 million for the quarter ended September 30, 2007. Total Income has increased from Rs 5758.00 million for the quarter ended September 30, 2007 to Rs 7073.70 million for the quarter ended September 30, 2008. Date: 2008-10-24 |
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Source: NSE - Oracle Financial Services Software Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 22, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-10-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 22, 2008. Date: 2008-10-20 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated October 16, 2008 titled "Oracle Announces Launch of Oracle FLEXCUBE Regional Support Center in Moscow" Date: 2008-10-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, to consider and adopt audited un-consolidated Indian GAAP Accounts for the quarter and half-year ended September 30, 2008 (Q2). Date: 2008-10-16 |
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Source: NSE - Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 16, 2008, titled "Oracle announces launch of Oracle FLEXCUBE Regional Support Center in Moscow". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-10-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 17, 2008 titled "Oracle FLEXCUBE Universal Banking to Drive Performance with Pervasive Intelligence". Date: 2008-09-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 17, 2008, titled "Oracle Flexcube Universal Banking to Drive Performance with Pervasive Intelligence". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-09-17 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 16, 2008 titled "Allied Irish Bank Deploys Oracle FLEXCUBE for SEPA Credit Transfer" Date: 2008-09-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 16, 2008, titled "Allied Irish Bank Deploys Oracle FLEXCUBE for SEPA Credit Transfer". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-09-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 16, 2008, titled "Oracle FLEXCUBE Messaging Hub Adds SEPA Direct Debit Module". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-09-16 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated "Oracle FLEXCUBE Messaging Hub Adds SEPA Direct Debit Module" Date: 2008-09-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 11, 2008, titled "Compartamos Banco, a Mexican Bank Specialized in Microfinance, Goes Live with Oracle Mantas". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-09-11 |
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Source: BSE - Oracle Financial Services Software Ltd has informed BSE regarding a Press Release dated September 11, 2008 titled "Compartamos Banco, a Mexican Bank Specialized in Microfinance, Goes Live with Oracle Mantas" Date: 2008-09-11 |
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Source: NSE - Members of the Exchange are hereby informed that the name of I-Flex Solutions Limited shall be changed to Oracle Financial Services Software Limited and the trading symbol of the Company be changed from I-FLEX to OFSS w.e.f. September 18, 2008. Date: 2008-09-08 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the name of the Company has changed from "i-flex solutions Ltd" to "Oracle Financial Services Software Ltd".
The said change in name is effective from August 14, 2008 pursuant to the approval and fresh Certificate of Incorporation consequent on change of name issued by the Registrar of Companies, Maharashtra. Date: 2008-08-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the name of the Company has changed from ''i-flex solutions limited'' to "Oracle Financial Services Software Limited". The said change in name is effective from August 14, 2008, pursuant to the approval and fresh Certificate of Incorporation consequent on change of name issued by the Registrar of Companies, Maharashtra. Date: 2008-08-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Annual General Meeting (AGM) of the members of the Company was held on August 22, 2008, where the members of the Company: 1) Re-appointed Mr. Y M Kale, Ms. Tarjani Vakil and Mr. Charles Phillips as directors retiring by rotation. 2) Appointed M/s S. R. Batliboi & Associates, Chartered Accountants as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM. 3) Authorized the Board of Directors to appoint Branch Auditors of the Company. 4) Appointed Mr. Sergio Giacoletto Roggio as Director liable to retire by rotation. Further, Mr. S. P. Bharucha, who held office as a Director of the Company till the conclusion of this Annual General Meeting and retired by rotation, did not offer for re-appointment and has ceased to be a Director of the Company with effect from August 22, 2008. Date: 2008-08-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 22, 2008 have inter alia allotted 2000 equity shares of face value of Rs.5/- each to Ms. Tarjani Vakil, a Director of the Company on exercise of stock options under the Employee Stock Option Scheme 2002. Date: 2008-08-25 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that 19th Annual General Meeting (AGM) of the Company was held on August 22, 2008. Date: 2008-08-23 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2008, inter alia, has allotted 2000 equity shares of face value of Rs 5/- each to Ms. Tarjani Vakil, a Director of the Company on exercise of stock options under the Employee Stock Option Scheme 2002. Date: 2008-08-23 |
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Source: NSE - I-Flex Solutions Limited has submitted to the Exchange a copy of the minutes of the Extraordinary General Meeting of the members of the Company held on August 11, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-18 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding the minutes of the Extra Ordinary General Meeting (EGM) of the members of the Company held on August 11, 2008. Date: 2008-08-18 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 22, 2008, inter alia, to consider allotment of shares to the eligible employees / directors who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2008-08-14 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated August 14, 2008 titled "Korea Exchange Bank Extends Oracle''s Mantas Implementation to International Operations" Date: 2008-08-14 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated August 14, 2008, titled "Korea Exchange Bank Extends Oracle''s Mantas Implementation to International Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-14 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated August 14, 2008, titled "Bank SNORAS, Lithuania selects Oracle''s FLEXCUBE as its Core Banking Solution". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-14 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated August 14, 2008 titled "Bank SNORAS, Lithuania selects Oracle''s FLEXCUBE as its Core Banking Solution" Date: 2008-08-14 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated August 12, 2008 titled "Banco do Brash, Latin America''s Largest Bank, Selects Oracle''s FLEXCUBE for its
International Operations" Date: 2008-08-13 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated August 12, 2008, titled "Banco do Brasil, Latin America''s Largest Bank, Selects Oracle''s FLEXCUBE for its International Operations" A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-12 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the Extraordinary General Meeting (EGM) of the members of the Company held on August 11, 2008, the members have unanimously approved the special resolution for change of name of the Company from ''i-flex solutions limited'' to "Oracle Financial Services Software Limited", subject to the approval of the Central Government and other authorities. Further, the Company has submitted to the Exchange a copy of Special Resolution passed by the members of the Company. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-11 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that at the Extraordinary General Meeting (EGM) of the members of the Company held on August 11, 2008, have unanimously approved the special resolution for change of name of the Company from "i-flex solutions Ltd" to "Oracle Financial Services Software Ltd", subject to the approval of the Central Government and other authorities, as may be required. Date: 2008-08-11 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Mr. Deepak Ghaisas, Whole-time Director & Company Secretary of the Company has resigned on August 08, 2008 and he ceases to be a Whole-time Director & Company Secretary with effect from August 08, 2008.
Further, the Directors have appointed Mr. Hoshi D Bhagwagar, who is currently working as the Deputy Company Secretary and Compliance Officer, as the Company Secretary & Compliance Officer of the Company with effect from August 09, 2008. Date: 2008-08-08 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange vide its letter dated August 08, 2008, that: "Mr. Deepak Ghaisas, Whole-time Director & Company Secretary of the Company has resigned today and he ceases to be a Whole-time Director & Company Secretary with effect from August 8, 2008. Further, the Directors have appointed Mr. Hoshi D. Bhagwagar, who is currently working as the Deputy Company Secretary and Compliance Officer, as the Company Secretary & Compliance Officer of the Company with effect from August 9, 2008". Date: 2008-08-08 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated August 05, 2008, titled "Taizhou City Commercial Bank, China Chooses Oracle''s FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-08-05 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated August 05, 2008 titled "Taizhou City Commercial Bank, China Chooses Oracle''s FLEXCUBE". Date: 2008-08-05 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 30, 2008, titled "Oracle''s FLEXCUBE Investor Servicing Featured in Barrington Partners ''Next Generation'' Transfer Agency Systems Review 2008". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 30, 2008 titled "Oracle''s FLEXCUBE Investor Servicing Featured in Barrington Partners ''Next Generation'' Transfer Agency Review 2008". Date: 2008-07-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 28, 2008 titled "Canara Bank Implements Core Banking Solution across 1000 Branches in Partnership with
IBM and i-flex solutions" Date: 2008-07-28 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 28, 2008, titled "Canara Bank implements Core Banking Solution across 1000 Branches in Partnership with IBM and i-flex solutions". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-28 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 25, 2008, inter alia, has allotted 15,445 ESOP equity shares of face value of Rs 5/- each to the eligible employees / directors of the Company who exercised their options under Employees Stock Option Scheme (ESOP), 2002 of the Company.
With this allotment, the paid up capital stands increased to Rs 418,836,930/- divided into 83,767,386 equity shares of face value of Rs 5/- each. Date: 2008-07-25 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 25, 2008 titled "i-flex posts 23% Growth in Revenues YoY for the Quarter ended June 2008; Net Income at Rs 106 Crores - 188% YoY". Date: 2008-07-25 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the quarter ended June 30, 2008:
The Company has posted a net profit of Rs 921.80 million for the quarter ended June 30, 2008 as compared to Rs 582.00 million for the quarter ended June 30, 2007. Total Revenue has increased from Rs 3846.40 million for the quarter ended June 30, 2007 to Rs 4628.00 million for the quarter ended June 30, 2008.
The Consolidated results are as follows:
The Unaudited consolidated results for the Quarter ended June 30, 2008
The Group has posted a net profit after tax of Rs 1055.60 million for the quarter ended June 30, 2008 as compared to Rs 367.10 million for the quarter ended June 30, 2007. Total Revenue has increased from Rs 5133.40 million for the quarter ended June 30, 2007 to Rs 6318.30 million for the quarter ended June 30, 2008. Date: 2008-07-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 25, 2008, titled "i-flex posts 23% Growth in Revenues YoY for the Quarter ended June 2008; Net Income at Rs. 106 Crore- 188% growth YoY". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on July 25, 2008, the Directors inter-alia:- Allotted 15,445 ESOP equity shares of face value of Rs.5/- each to the eligible employees/directors of the Company who exercised their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. With this allotment, the paid up capital stands increased to Rs.418,836,930/- divided into 83,767,386 equity shares of face value of Rs.5/- each. Date: 2008-07-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 46280 lacs for quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 9218 lacs for the quarter ending on 30-JUN-2008. Date: 2008-07-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Board of Directors of the Company has on July 21, 2008, inter alia approved the following:- (i) Convened the Annual General Meeting (AGM) of the Members of the Company on August 22, 2008; (ii) Fixed the book closure from August 18, 2008 to August 22, 2008 both days inclusive for the purpose of Annual General Meeting. Date: 2008-07-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 18, 2008 to August 22, 2008 (both days inclusive) for the purpose of 19th Annual General Meeting (AGM) of the Company to be held on August 22, 2008. Date: 2008-07-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 21, 2008 titled "DIB Implements Oracle''s FLEXCUBE" Date: 2008-07-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the press release dated July 21, 2008, titled "DIB Implements Oracle''s Flexcube". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-21 |
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Source: NSE - I-Flex Solutions Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the members of the Company to be held on August 11, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-21 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 11, 2008. Date: 2008-07-21 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 25, 2008, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter ended June 30, 2008 (Q1).
2. To consider allotment of shares to the eligible employees / directors who have chosen to exercise their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. Date: 2008-07-17 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company on July 15, 2008 has approved the change of name of the Company from ''i-flex solutions Ltd'' to ''Oracle Financial Services Software Ltd'' subject to the approval of the members and other necessary approvals.
For this purpose, an Extra Ordinary General Meeting of the members of the Company is convened on August 11, 2008. Date: 2008-07-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Board of Directors of the Company has on July 15, 2008 approved the change of name of the Company from ''I-flex solutions Limited'' to ''Oracle Financial Services Software Limited'' subject to the approval of the members and other necessary approvals. For this purpose, an Extra Ordinary General Meeting of the members of the Company is convened on August 11, 2008. Date: 2008-07-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 04, 2008, titled " WWB Colombia selects Oracle''s Flexcube". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 04, 2008 titled "WWB Colombia Selects Oracle''s FLEXCUBE" Date: 2008-07-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 02, 2008 titled "Banco BICE selects Oracle''s FLEXCUBE for its Core Banking Operations" Date: 2008-07-02 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 02, 2008, titled " Banco BICE selects Oracle''s Flexcube for its Core Banking Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-02 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release titled "Leading Analyst Firm Positions Oracle in Leaders Quadrant in Operational Risk Management Software for Financial Services Report" Date: 2008-07-02 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 01, 2008, titled " Leading Analyst Firm Positions Oracle in Leaders Quadrant in Operational Risk Management Software for Financial Services Report". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-02 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 01, 2008, titled "Bank Danamon completes Oracle''s Flexcube implementation for its Self Employed Mass Market (SEMM) Business". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-07-01 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated July 01, 2008 titled "Bank Danamon completes Oracle''s FLEXCUBE Implementation for its Self Employed Mass Market (SEMM) Business" Date: 2008-07-01 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 30, 2008, titled "Credit Agricole S.A Selects Oracle''s Flexcube for Industrialisation and Growth of its International Banking Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated June 30, 2008 titled "Credit Agricole S.A Selects Oracle''s FLEXCUBE for Industrialisation and Growth of its International Banking Operations" Date: 2008-06-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated June 27, 2008 titled "Kyrgyz Investment & Credit Bank Goes Live on Oracle''s FLEXCUBE" Date: 2008-06-27 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 27, 2008, titled "Kyrgyz Investment & Credit Bank Goes Live on Oracle''s FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated June 25, 2008 titled "Sri Lankan Banks to Focus on KYC, AML and Basel-II in 2008" Date: 2008-06-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 25, 2008, titled "Sri Lankan Banks to Focus on KYC, AML and Basel-II in 2008". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-25 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated June 17, 2008 titled "Dealers'' Financial Services Deploys Integrated Loan Management System to Drive Down Cost
Per Loan and Improve Service and Operational Efficiency" Date: 2008-06-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 17, 2008, titled "Dealers'' Financial Services Deploys Integrated Loan Management System to Drive Down Cost Per Loan and Improve Service and Operational Efficiency". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange vide its letter dated June 10, 2008, regarding a press release dated June 09, 2008, titled "Leading Analyst Firm Positions Oracle''s FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-06-10 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release titled "Leading Analyst Firm Positions Oracle''s FLEXCUBE in Leaders Quadrant in International Retail Core Banking Report" Date: 2008-06-10 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange vide its letter dated May 28, 2008 that "At the meeting of the ESOP Allotment Committee held today, the Committee has allotted 4,500 equity shares of face value of Rs.5/- each to the eligible Employees of the Company who exercised their options under Employees Stock Option Scheme (ESOP), 2002 of the Company. With this allotment the paid up capital stands increased to Rs.418,759,705 divided into 83751941 equity shares of face value of Rs. 5/- each". Date: 2008-05-28 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that at the meeting of the ESOP Allotment Committee held on May 28, 2008, the Committee has allotted 4,500 equity shares of face value of Rs 5/- each to the eligible Employees of the Company who exercised their options under Employees Stock Option Scheme (ESOP), 2002 of the Company.
With this allotment the paid up capital stands increased to Rs 418,759,705 divided into 83751941 equity shares of face value of Rs 5/- each. Date: 2008-05-28 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 21, 2008, titled "Oracle''s Reveleus Positioned as a "Leader" in Operational Risk by Independent Research Firm". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-05-21 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated May 21, 2008 titled "Oracle''s Reveleus Positioned as a "Leader" in Operational Risk by Independent Research
Firm" Date: 2008-05-21 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on May 28, 2008, to consider allotment of shares to the eligible Employees / Directors who have chosen to exercise their options under Employees Stock Option Scheme (ESOS), 2002 of the Company. Date: 2008-05-20 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated May 16, 2008 titled "Oracle''s FLEXCUBE to be Deployed in Largest Core Banking Rollout in the Indian Co-operative Banking Sector" Date: 2008-05-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 16, 2008, titled "Oracle''s FLEXCUBE to be Deployed in Largest Core Banking Rollout in the Indian Co-operative Banking Sector; Robust Oracle Database Keeps Punjab State Co-op Bank''s IT Infrastructure Up and Running 24/7". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-05-16 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated May 15, 2008 titled "Kotak Mahindra Bank Selects "FLEXCUBE Private Banking" Date: 2008-05-15 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 15, 2008, titled "Kotak Mahindra Bank selects "FLEXCUBE Private Banking"". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-05-15 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 08, 2008, titled "TAIB Bank Selects Reveleus Basel II and Reveleus Asset Liability Management". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-05-08 |
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Source: BSE - i-flex Solutions Ltd has informed BSE regarding a Press Release dated May 08, 2008 titled "TAIB Bank Selects Reveleus Basel II and Reveleus Asset Liability Management" Date: 2008-05-08 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Board of Directors in its meeting held on May 05, 2008 did not recommend any dividend on equity shares for the financial year ended March 31, 2008. Date: 2008-05-06 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 05, 2008 titled "i-flex(R) Posts 73% QoQ Growth in Net Income for the Quarter ended March 2008; Net Income at Rs 185 Crore; Robust Growth in Products Business Driven by Strong License Fee signings of $36 Million in the Quarter". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-05-06 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 238024 lacs for year ending on 31-MAR-2008 against Rs. 206094 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 41559 lacs for the year ending on 31-MAR-2008 against Rs. 37228 lacs for the year ending on 31-MAR-2007. Date: 2008-05-06 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 179297 lacs for year ending on 31-MAR-2008 against Rs. 155234 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 41088 lacs for the year ending on 31-MAR-2008 against Rs. 35467 lacs for the year ending on 31-MAR-2007. Date: 2008-05-06 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 05, 2008, inter alia, has not recommended any dividend on equity shares for the financial year ended March 31, 2008. Date: 2008-05-06 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the year ended March 31, 2008:
The Company has posted a net profit of Rs 4108.80 million for the year ended March 31, 2008 as compared to Rs 3546.70 million for the year ended March 31, 2007. Total Revenue has increased from Rs 15523.40 million for the year ended March 31, 2007 to Rs 17929.70 million for the year ended March 31, 2008.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 4155.90 million for the year ended March 31, 2008 as compared to Rs 3722.80 million for the year ended March 31, 2007. Total Revenue has increased from Rs 20609.40 million for the year ended March 31, 2007 to Rs 23802.40 million for the year ended March 31, 2008. Date: 2008-05-06 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 05, 2008, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Financial for the quarter and year ended March 31, 2008.
2. To adopt audited consolidated Indian GAAP Financial for the quarter and year ended March 31, 2008.
3. To recommend a dividend, if any, on equity shares.
Date: 2008-04-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the company would be submitting the standalone and consolidated audited financial results for the financial year ended on March 31, 2008 within the stipulated time of 3 months of end of financial year. Accordingly, the Company will not be publishing un-audited financial results for this last quarter before April 30, 2008. Date: 2008-04-26 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Company would be submitting the standalone and consolidated audited financial results for the financial year ended on March 31, 2008 within the stipulated time of 3 months of end of financial year.
Accordingly, the Company will not be publishing un-audited financial results for this last quarter before April 30, 2008.
Date: 2008-04-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 25, 2008, titled "Korea Exchange Bank Completes Implementation of Oracle Mantas". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-04-25 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that i-flex® solutions, a leading provider of IT solutions to the global financial services industry on April 25, 2008 announced that:
• Korea Exchange Bank, Korea''s largest foreign exchange bank, has become the first Korean Bank to successfully complete the implementation of an automated anti-money laundering surveillance solution - Mantas AML.
• Mantas AML mitigates risk with comprehensive, enterprise-wide surveillance of customer accounts and transaction information to alert supervisors to suspicious behavior. The system’s unique ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows anti-money laundering and compliance officers to distinguish fraudulent from legitimate transactions.
• KEB selected Mantas AML in May 2007 to meet anti-money laundering regulations that were being introduced in Korea. Mantas AML was localized to meet Korean requirements and the implementation is designed to help the bank comply with the Suspicious Transactions Reporting requirements of the Korean Regulator, the Korea Financial Intelligence Unit. The bank also wanted to expand its business in Asia, Europe, and the U.S and needed to increase its credibility with correspondent banks globally
Supporting Quotes:
"The completion of the Oracle Mantas implementation at Korean Exchange Bank on schedule and in accordance with the bank’s requirements is an important milestone for us. It demonstrates our ability to address Asian and specifically Korean AML requirements. With regulators in the Asia Pacific Market defining AML regulations rigorously it is time banks take proactive steps toward being able to comply with them. We commend KEB for taking a leadership role in this area," said S Ramakrishnan, CEO for Mantas and Reveleus.
Date: 2008-04-25 |
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Source: BSE - i-flex Solutions Ltd on April 21, 2008, has announced the availability of version 2.2 of FLEXCUBE Core Banking for IBM System z on zOS with IBM Web Sphere and IBM DB2 software stack.
• It combines the rich functionality of Oracle FLEXCUBE and the reliability and security of IBM System z to enable global financial institutions to respond swiftly to changing market dynamics. Banks can manage high transaction volumes and a large number of users while keeping response time consistent because the new version is highly scalable.
• Service Oriented Architecture (SOA) enabled Oracle''s FLEXCUBE fits seamlessly into IBM System z deployments using IBM software. FLEXCUBE’s use of WebSphere 6.1 and DB2 9 leverages IBM System z specialty engines (zIIPs and zAAPs) that help in reducing total cost of ownership (TCO).
• FLEXCUBE is designed to be the choice for banks migrating legacy core banking applications onto a contemporary platform.
Supporting Quotes
"Mergers and acquisitions, a competitive environment and ever changing regulatory requirements are some of the key challenges that shape today’s retail banking industry. To stay ahead in this competitive and regulated environment, financial institutions need to continually enhance, evolve and innovate in three critical areas - business, operations and technology. With FLEXCUBE Core Banking for IBM System z, we can assist financial institutions using IBM platforms cope with these challenges,” said Joseph John, Executive Vice-President, Banking Products Division, i-flex solutions.
Note
• FLEXCUBE Core Banking for IBM System z will be showcased at the "2008 Financial Services Solutions Symposium (FS3)" organized by the IBM Industry Models (IAA / FW) User Group in Boston between April 22nd and 24th. We will be in booth no. 15.
Date: 2008-04-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 21, 2008, titled "i-flex solutions Announces the Availability of a New Version of FLEXCUBE Core Banking for IBM System z". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-04-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 09, 2008, titled: "Israel Discount Bank Selects FLEXCUBE for its International Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-04-09 |
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Source: BSE - i-flex Solutions Ltd on April 09, 2008 has announced that Israel Discount Bank (IDB), one of Israel''s leading financial groups has chosen FLEXCUBE® as its core banking platform for its UK operations. The first FLEXCUBE deployment will be at IDB''s UK operations. IDB is considering progressively rolling out the solution internationally. The bank operates through a network of subsidiaries, branches and representative offices in 18 financial centers across the world, including USA, Europe and Latin America.
For the UK, IDB has selected FLEXCUBE Release 10.0, as well as Acumen, to deliver corporate, retail and private banking services from a single platform.
Olivier Trancart, CEO, i-flex solutions b.v., said: "The results of IDB''s evaluation are very rewarding indeed. We demonstrated the flexibility and coverage in FLEXCUBE required to service corporate, retail and private banking business units within the bank. In fact, we are addressing these business needs on a single platform. IDB has engaged us as a partner to implement the platform on our latest release, FLEXCUBE Release 10.0, including FLEXCUBE Private Banking Suite." He added: "IDB is a prestigious win for us. Working with them further reinforces our investment and commitment to the larger UK international banking community looking at replacing their legacy systems."
Date: 2008-04-09 |
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Source: BSE - i-flex Solutions Ltd has announced that the Board of Directors of the Company at its meeting held on April 04, 2008 has approved a proposal to change the name of i-flex solutions Ltd to Oracle Financial Services Ltd, subject to regulatory and shareholder approvals.
The proposed new name reflects the Company''s close strategic and operational alignment with its parent, Oracle Corporation, which owns 81 percent of the Company. Oracle is the #1 enterprise software provider and counts 10 of the top 10 banks, insurance Companies and securities firms among its more than 8,500 financial services customers across 145 countries.
The new "Oracle Financial Services" brand represents:
• The industry''s most comprehensive range of packaged software and services solutions for financial services across banking, capital markets, and insurance-all from Oracle.
• Deep domain expertise in the financial services industry coupled with world-class software development and support experience
• A unique combination of integrated and best-of-breed business solutions for the industry
• A business process-oriented approach that aligns IT initiatives with business requirements and enables an evolutionary transformation of IT infrastructure
• A strong commitment to open systems and industry standards, helping to ensure interoperability
• A partner-oriented approach that enables partners to deliver increased value around the solutions offered by Oracle Financial Services
The new branding strategy demonstrates the synergies of scale, resources, expertise and efficiency across the two organizations. The current management team under N.R.K. Raman, CEO and Managing Director, will continue to run the operations of the Company.
"The new branding reflects the importance that Oracle attaches to the financial services sector," said Charles Phillips, Oracle President and Director of i-flex solutions Ltd., "Oracle Financial Services Ltd will be a focal point for Oracle''s investment in innovation and leadership in financial services, and we are delighted to put the power and credibility of the Oracle brand behind this strategic initiative."
"Our new corporate identity represents a unique combination of the industry-leading solutions portfolio and deep domain expertise of i-flex and the global capability, credibility, scale and technology leadership embodied by the Oracle brand, coming together to deliver comprehensive solutions to financial institutions around the world," said Rajesh Hukku, Chairman, i-flex solutions Ltd., and General Manager, Oracle Financial Services Global Business Unit.
N R K Raman, CEO & Managing Director, i-flex solutions Ltd., also commented, "The new identity will enable us to better leverage the global reach, infrastructure and brand visibility of Oracle to accelerate our growth. This is an important enabler of our mission to help financial institutions around the world excel through the effective use of information technology."
Date: 2008-04-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 04, 2008, inter alia, has approved the following:
1. A proposal to change the name of "i-flex Solutions Ltd" to "Oracle Financial Services Ltd" subject to regulatory and shareholders approval.
2. Acquisition of 31,02,000 equity shares of Rs 10/- each constituting the balance
60% stake in Flexcel International Pvt Ltd, thereby making it a wholly owned subsidiary of the Company.
Date: 2008-04-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange vide its letter dated April 04, 2008 that the Board of Directors of i-flex solutions limited at its meeting held today, has approved the following: (1) A proposal to change the name of i-flex solutions ltd. to Oracle Financial Services Limited subject to regulatory and shareholders approval. (2) Acquisition of 31,02,000 equity shares of Rs.10/- each constituting the balance 60% stake in Flexcel International Private Limited, thereby making it a wholly owned subsidiary of the Company. Further the Company has informed the Exchange regarding a press release dated April 04, 2008, titled "i-flex solutions limited to change its name to Oracle Financial Services Limited; Alignment with Oracle brand reflects synergies of scale, resources, expertise and efficiency". The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-04-04 |
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Source: BSE - i-flex Solutions Ltd has announced that the Company on April 03, 2008 signed an agreement with Wipro Ltd under which Wipro will market, implement and support i-flex''s products in the Middle East and Egypt. The products include FLEXCUBE®’, i-flex solutions flag ship core banking product suite, and i-flex''s analytics offering, an integrated suite of award-winning solutions - Reveleus™ and Mantas - that help financial institutions maximize profitability, minimize risks and deliver enterprise-wide compliance. Wipro Ltd is a global leader in providing technology, software and consulting services.
The software solutions market in the Middle East and North Africa (MENA) has grown significantly driven by demand from enterprises as well as governments. According to preliminary results from a recent study by IDC the market opportunity was pegged at USD 390 million in 2007 and is predicted to reach USD 500 million in 2008.
i-flex has an established presence in the Middle East and this partnership will enhance its strategy to penetrate the rapidly expanding market and provide end-to- end Systems Integration (SI) capability in collaboration with Wipro. i-flex also plans to leverage Wipro’s proposed global development center in Egypt to equip consultants in the region with the expertise to implement and support its products.
Elaborating on the partnership, Mustafa Moonim, Vice-President, Europe & Middle East Sales, i-flex solutions said, "This partnership will be a significant step towards the growth and development of our business in the Middle East. Combining i-flex Consulting''s deep domain expertise along with Wipro’s system integration capabilities we can deliver better results for our customers, faster and more efficiently."
Rajat Mathur, Chief Executive of Business Solutions and Head of International Geographies, Wipro Infotech said, "This alliance will give us the opportunity to leverage i-flex’s experience of delivering value-based solutions to customers. i-flex’s in-depth expertise, capability in the financial services industry and footprint in the Middle East, will enable us to further deliver innovative solutions to our customers and prospects."
Mr. Mathur further added, "The Middle East is a key region for us. We have a strong position in the banking sector, and with this alliance we will be able to add to our portfolio of IT services in the Middle East market."
Date: 2008-04-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 03, 2008, titled "Wipro to Market, Implement and Support i-flex''s Products in the Middle East". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-04-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 02, 2008, titled "BCIE, Honduras goes live on FLEXCUBE everis consulting partners with i-flex in the engagement". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) Date: 2008-04-03 |
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Source: BSE - i-flex Solutions Ltd on April 02, 2008 has announced that its flagship product FLEXCUBE® core banking solution has been successfully implemented by Central American Bank for Economic Integration (CABEI), (Banco Centroamericano de Interaction Economical), a leading financial institution in Central America.
CABEI, whose partners are the governments of Honduras, Guatemala, El Salvador, Nicaragua, Costa Rica, Mexico, Republic of China (Taiwan), Argentina, Colombia, Spain, Dominican Republic and Panama replaced their existing core banking system, that lacked the flexibility and functionality needed by the bank to sustain its future growth, with FLEXCUBE. CABEI will use FLEXCUBE to enhance its capacity for product innovation and support its objective of promoting inter-regional economic growth and productive employment.
"We are extremely proud that CABEI has gone live with FLEXCUBE. In addition to 20 customers in this region, this landmark engagement in Honduras is a glowing testimony of how i-flex and FLEXCUBE continue to provide Banks with a sustainable edge over their competition," said Joseph John, Executive Vice President, Banking Products Division, i-flex solutions. He added "Our partner evens consulting engaged with i-flex and the bank to make this a remarkable success in the region".
everis, a multi-national consulting firm has engaged as an SI partner with i-flex solution to enable FLEXCUBE rollout for the South American market. As part of this partnership, evens will provide implementation, support and maintenance services for FLEXCUBE to banks in the region.
Date: 2008-04-02 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange vide its letter dated March 28, 2008 that "At the meeting of the ESOP Allotment Committee of the Company held today, the Committee has allotted 2,500 equity shares to the eligible Director and Employee of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS), 2002 of the Company. In this lot, 2,000 equity shares have been allotted to Mr.Y.M. Kale, Director of the Company.". Date: 2008-03-29 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that at the meeting of the ESOP Allotment Committee of the Company held on March 28, 2008, the Committee has allotted 2,500 equity shares to the eligible Director and Employee of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS), 2002 of the Company.
In this lot, 2,000 equity shares have been allotted to Mr. Y M Kale, Director of the Company.
Date: 2008-03-28 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated March 27, 2008, titled "Lien Viet Bank, Vietnam chooses FLEXCUBE as Core Banking Platform". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) Date: 2008-03-27 |
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Source: BSE - i-flex Solutions Ltd on March 27, 2008 has announced that Lien Viet Bank, Vietnam has chosen FLEXCUBE® as the core banking solution for its banking operations. The bank will implement FLEXCUBE for its corporate and retail banking operations in its branches across Vietnam.
"We want to create a bank designed to provide world class customer service and achieve competitive differentiation through innovation. It was imperative that we chose a platform that would allow us to expand rapidly, introduce best practices and exceed customer expectations. We are confident that the choice of FLEXCUBE future proofs our technology investments and helps us reap the benefits of global best practices that are an integral part of the product," said Nghiem Si Thang, Director, Information Technology, Lien Viet Bank.
"Vietnam is a highly successful market for i-flex with 12 banks choosing FLEXCUBE as their core banking solution. At the core of this success is our ability to offer Vietnamese Banks, a ready to implement, globally successful, cost effective transaction processing platform which is well adapted to local requirements. We are happy to partner with Lien Viet Bank and are confident that FLEXCUBE will enable growth and competitive advantage both today and in the future," said Kishore Kapoor, CEO, i-flex solutions pte ltd.
Date: 2008-03-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of ESOP Allotment Committee of the Company will be held on March 28, 2008 to consider allotment of shares to the eligible
Employees / Directors who have chosen to exercise their options under Employees Stock
Option Scheme (ESOS), 2002 of the Company.
Date: 2008-03-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated March 12, 2008, titled "FLEXCUBE Implementation Completed Within a Year at Allianz Bank, Bulgaria". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-03-12 |
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Source: BSE - i-flex Solutions Ltd on March 12, 2008 has announced that FLEXCUBE® was live at Allianz Bulgaria Commercial Bank, Bulgaria. The big bang rollout of FLEXCUBE was completed within a year, across the bank''s Bulgarian operations.
Allianz Bank is part of Allianz Bulgaria Holding, Bulgaria''s biggest financial group. The bank has more than 100 business centers in the country.
N R K Raman, Managing Director and CEO, i-flex solutions, said: "i-flex''s quiet dominance in Bulgaria is further illustrated by this implementation. The hallmark of the implementation is that it was led by our partner, SIRMA, demonstrating the maturity of our software assets. Across the region, especially in Bulgaria, it''s evident FLEXCUBE is an obvious choice for banks looking for a proven banking platform."
Date: 2008-03-12 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated March 05, 2008, titled "BRED (Vanuatu) Limited, to Implement FLEXCUBE, i-flex''s Core Banking Solution". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-03-05 |
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Source: BSE - i-flex Solutions Ltd on March 05, 2008 has announced that BRED (Vanuatu) Ltd, is implementing FLEXCUBE®, i-flex''s core banking solution for its retail and corporate banking operations.
BRED (Vanuatu) Ltd is a start-up bank in Vanuatu, and a subsidiary of BRED Banque Populaire. BRED Banque Populaire is the largest retail bank of the Banque Populaire Group, and well-established in Paris, Normandy and other parts of France.
Speaking on the selection of FLEXCUBE, Kishore Kapoor, Chief Executive Officer, i-flex solutions pte Ltd, said, "FLEXCUBE has empowered banks to establish themselves in new markets. We are proud to partner with BRED (Vanuatu) Ltd and help them strengthen their position in the Vanuatu financial services industry. Implementing a next-generation platform such as FLEXCUBE will enable BRED (Vanuatu) Ltd to offer world-class products and services to customers in Vanuatu.
Date: 2008-03-05 |
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Source: BSE - i-flex Solutions Ltd on February 22, 2008 has announced that FPT Bank, will launch retail and corporate banking operations in Vietnam, on i-flex''s FLEXCUBE® Universal Banking Solution.
Planning to launch this year, FPT Bank aims to become one of the leading banks in Vietnam, by offering its customers convenient, friendly services and wide range of value-added solutions. FLEXCUBE® Universal Banking Solution will help FPT Bank reduce operational costs, establish customer intimacy, decrease time-to-market of new products, and fulfill compliance mandates.
Kishore Kapoor, CEO, i-flex solutions pte ltd, said, "We are proud to partner with FPT Bank in implementing their ambitious growth plan. New Banks such as FPT Bank will change the landscape of financial services in the surging Vietnamese economy. FLEXCUBE proven capability across the world and in Vietnam will truly make FPT Bank a leader in its segment."
Date: 2008-02-22 |
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Source: BSE - i-flex Solutions Ltd on February 22, 2008 has announced that Rakuten, Inc. and Tokyo Tomin Bank have successfully launched an online banking branch, with FLEXCUBE® i-flex''s core banking solution. The online branch is hosted at ''Rakuten Ichiba'', the largest e-marketplace in Japan.
The branch will provide customers with quick and easy access to account information and easy-to-use online banking services, while protecting their financial data. It will also give customers of ''Rakuten Ichiba'' the convenience of a 24/7 online bank, and added channels such as ATM and mobile banking. The services can be directly accessed through ''Rakuten Ichiba'' IDs, thus providing an integrated online experience for the customer.
Rakuten, Inc. provides the online marketplace, "Rakuten Ichiba" for sellers to market their products to internet shoppers. Rakuten Financial Solution is the banking and financial services subsidiary of Rakuten, Inc. The Tokyo Tomin Bank serves the funding needs of small and medium-sized enterprises. It provides quality financial services to individuals and smaller businesses in Tokyo and immediately adjacent areas.
Speaking on the implementation, Joseph John, Executive Vice-President, Banking Products, i-flex solutions, said: "FLEXCUBE has led the way in adapting to emerging business models in banking; and the implementation at Rakuten, Inc.-Tokyo Tomin Bank, demonstrates this. We were extremely excited to enable an online bank in a virtual marketplace. We commend the innovation and leadership that Rakuten has undertaken, which will provide insights on banking services globally".
Date: 2008-02-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding two press releases dated February 22, 2008, titled "Rakuten, Inc. and Tokyo Tomin Bank launch innovative virtual bank in Japan, with FLEXCUBE" and "Vietnam''s FPT Bank selects FLEXCUBE Universal Banking Solution". The copy of the two press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-02-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated February 21, 2008, titled "i-flex Provides Consumer Lending Platform to Volkswagen Bank; Platform expected to Spur Business Growth". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-02-21 |
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Source: BSE - i-flex Solutions Ltd on February 21, 2008 has announced that Volkswagen Bank selected Daybreak™ Lending Suite for its consumer lending business in the Netherlands. With aggressive targets for business growth, the bank decided to replace its legacy system with i-flex''s proven and state-of-the-art lending solution.
Daybreak Lending Suite provides the complete lending infrastructure to the bank, from front to the back office, as also comprehensive functionality: from credit scoring, pricing and loan origination through to collections, payments and delinquency management. The solution also allows Volkswagen bank to deliver web-based services to its dealers and customers.
This deal comes on the heels of several other successful installations of Daybreak Lending Suite in the EMEA region. N R K Raman, Managing Director and CEO, i-flex solutions, said: "We are delighted with the momentum we see in the market for our lending solution. Financial institutions aggressively pursuing growth and market expansion would find Daybreak Lending Suite, a functionally rich solution with a proven track record, a safe and attractive investment."
Date: 2008-02-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated February 20, 2008, titled "Advanced Bank of Asia, Cambodia Selects Flexcube". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-02-20 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Company and Advanced Bank of Asia (ABA), Cambodia, announced that the bank will implement FLEXCUBE®, i-flex''s core banking solution for its operations in Cambodia. ABA will implement FLEXCUBE across its corporate and retail banking operations.
With FLEXCUBE, ABA will have a next generation transaction-processing platform, enabling it to respond faster to customer needs, while effectively managing costs. It will also help ABA to offer newer and more sophisticated products and increase its customer base.
"With 12 banks in the region choosing us, FLEXCUBE has become a market leader in the Indo-China region. We have also demonstrated that our approach ensures swift implementation of a new generation, open platform that enables world class banking services. We welcome Advanced Bank of Asia as a customer of FLEXCUBE and we look forward to working in partnership with them," said, Kishore Kapoor, CEO, i-flex solutions pte ltd.
Date: 2008-02-20 |
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Source: BSE - i-flex Solutions Ltd on February 18, 2008 has announced that OTP Bank, Hungary''s largest retail bank, has selected FLEXCUBE? for its retail, lending and corporate banking businesses. IQSYS, i-flex''s local partner in the region, will participate in the implementation.
N R K Raman, Managing Director and CEO, i-flex solutions, said; "In order to gain a greater share of the market, banks in Eastern Europe have been consolidating assets since the last few years. Across the region, some of the largest and best known banks looking to consolidate assets have chosen FLEXCUBE. We are very happy that OTP Bank in Hungary has also selected i-flex as its partner. We believe OTP Bank would also benefit enormously in the short and long term from implementing FLEXCUBE: greater customer insight, lower costs of operations, better competitive differentiation, and a quicker turnaround cycle for reports to various regulatory authorities and stakeholders."
Date: 2008-02-18 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated February 18, 2008, titled "OTP Bank, Hungary''s Largest Retail Bank, Selects FLEXCUBE for Retail, Lending and Corporate Banking Businesses". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-02-18 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that Mr. Avadhut (Vinay) Ketkar, the Chief Accounting Officer and Compliance Officer of the Company is now located in Pune. In view thereof, Mr. Hoshi D. Bhagwagar, Dy. Company Secretary of the Company has been appointed as the Compliance Officer in place of Mr. Ketkar with immediate effect. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-02-12 |
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Source: BSE - i-flex Solutions Ltd on January 31, 2008 has announced that Petrolimex Group Commercial Joint Stock Bank (PG Bank), Vietnam, has gone ‘live’ with the FLEXCU BE® Core Banking solution.
PG Bank intends to become the leading commercial joint stock bank in Vietnam by offering a range of products and services for both its corporate and consumer banking customers, while also expanding its branch network across the country. FLEXCUBE will enable PG Bank to rapidly expand its customer base and accelerate its time to market for new products and services.
The FLEXCUBE product suite has been ranked the world''s No. 1 selling banking solution for five consecutive years since 2002, by the UK-based International Banking Systems (IBS). The Company has created a leadership position in enabling banks such as PG Bank, rapidly deploy core banking systems and launch operations with world class products and services and take advantage of the surging demand for banking services in Vietnam.
Joseph John, Executive Vice-President, Banking Products, i-flex solutions, said, “With the implementation of FLEXCUBE, we are confident that PG Bank will be able to improve standards of service, take advantage of growing customer demands and create a “future-proof” platform for its ambitious growth plans. We are sure that the partnership between the bank and i-flex will flourish further with this successful implementation.”
Date: 2008-01-31 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated January 31, 2008, titled "i-flex''s Flexcube Goes ''Live'' at PG Bank, Vietnam; New Generation Core Banking Solution Enables Bank to Scale up Operations and Offer World-class Customer Service". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-01-31 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has allotted 2,000 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company.
Date: 2008-01-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated January 22, 2008, titled "i-flex Net Income for the Quarter posts 22% QoQ increase; Revenues for Quarter Grow 8% QoQ; Signs New Licenses of US$ 23.3 Million (for the quarter ended December 2007 as per Consolidated Indian GAAP)". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-01-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on January 22, 2008 the Directors have allotted 2,000 ESOP equity shares of face value of Rs.5/- each to the applicant employees of the Company. The Company is taking steps to list these shares on stock exchanges. Date: 2008-01-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 45674 lacs for quarter ending on 31-DEC-2007 against Rs. 43517 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 11078 lacs for the quarter ending on 31-DEC-2007 against Rs. 7658 lacs for the quarter ending on 30-SEP-2007. Date: 2008-01-22 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the quarter ended December 31, 2007:
The Company has posted a net profit of Rs 1107.80 million for the quarter ended December 31, 2007 as compared to Rs 910.50 million for the quarter ended December 31, 2006. Total Revenue has increased from Rs 3955.60 million for the quarter ended December 31, 2006 to Rs 4567.40 million for the quarter ended December 31, 2007.
The following consolidated results as per GAAP:
Consolidated Results as per Indian GAAP:
The Group has posted a net income of Rs 1067.00 million for the quarter ended December 31, 2007 as compared to Rs 1112.00 million for the quarter ended December 31, 2006. Total Revenues has increased from Rs 5574.00 million for the quarter ended December 31, 2006 to Rs 6196.00 million for the quarter ended December 31, 2007.
Date: 2008-01-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Chinatrust Commercial Bank (CTCB), the largest private bank in Taiwan, and the Company has announced that the bank will implement FLEXCUBE® Universal Banking Solution as the software platform for its institutional banking business. i-flex Consulting™ recently completed a business process transformation exercise at the bank. The implementation is across CTCB''s domestic and overseas branches.
With FLEXCUBE, CTCB will be able to integrate its corporate banking operations onto one platform, leading to standardization and greater customer centricity. Process redesign and transformation will enable a more robust and efficient operating model bringing in increased flexibility, cost efficiency, and optimization of systems and processes.
Kishore Kapoor, CEO, i-flex solutions pte ltd said, "This partnership with CTCB validates i-flex’s position as a leading provider of core banking solutions in Asia-Pacific. We are enabling CTCB to leverage a new operating platform, FLEXCUBE, along with business process transformation, demonstrating i-flex’s capability to offer a comprehensive solutions framework for financial services institutions. This win gives us further momentum in the greater China region where we have made significant investments."
Speaking about the process transformation at CTCB, Vijay Sharma, Senior Vice-President, i-flex Consulting, said, "The CTCB engagement proves our ability to execute complex banking transformation assignments that deliver significant, long-term benefits. We are using an operating model for the business that standardizes processes, enables a uniform customer experience, and improves operational efficiency. This new operating model will not only help CTCB''s management align the bank''s processes uniformly, but also ensure delivery across branches and incorporate industry-best practices for market leadership."
Date: 2008-01-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated January 17, 2008, titled "Chinatrust Commercial Bank Embarks on Core Banking Transformation with i-flex''s FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-01-17 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 22, 2008, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter (Q3) and nine months ended December 31, 2007.
2. To consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS), 2002 of the Company.
Date: 2008-01-14 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated January 11, 2008, titled "Mantas Enables Anti-Money Laundering Compliance at First Bank of Nigeria". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2008-01-11 |
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Source: BSE - i-flex Solutions Ltd, on January 11, 2008 has announced that First Bank of Nigeria (FBN) has successfully implemented "Mantas behavior detection platform" for its Anti-Money Laundering (AML) compliance requirements in a record time of two and a half months.
Mantas, a wholly owned subsidiary of the Company, provides its clients with the industry''s most advanced solutions for regulatory compliance, loss prevention and revenue generation.
S Ramakrishnan, CEO - Mantas and Reveleus, said, "Mantas is synonymous with ease of deployment and smoothly integrates in the most complex of customer settings. This is another great proof-point of what a highly committed customer and technology partner can achieve together as a team. We are proud of the fact that the Mantas implementation at FBN has set a benchmark in the Nigerian banking industry for quick and speedy implementation. Mantas platform is scalable and can be extended to meet requirements for Anti Fraud, Trade Compliance and Broker compliance. It comes with over 300 proven scenarios and in conjunction with Reveleus, addresses the entire gamut of Risk Management and Compliance needs of banks and financial institutions."
Date: 2008-01-11 |
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Source: BSE - i-flex Solutions Ltd, on December 20, 2007 has announced that the Financial Information Network & Operations (FINO) is using its award winning* core banking product, FLEXCUBE® to help microfinance institutions address the challenges they face in processing large volumes of low value transactions.
Microfinance institutions around the world have developed innovative models to address the needs of the mass under-banked segment. In India, FINO''s pay per use model allows microfinance institutions to use its sophisticated back office infrastructure to reduce transaction costs, scale their operations quickly and extend their reach.
The Company has a strategic alliance with FINO to provide a reliable and scalable processing engine. "With i-flex solutions and FLEXCUBE we have a partner and a core banking solution that are leaders in the field. With FLEXCUBE, FINO can provide microfinance institutions a range of services and products that can easily be customized to meet special requirements. In addition, FLEXCUBE''s capability to handle millions of small-value transactions means we will be able to grow with microfinance institutions as they expand the scale of their operations," says Manish Khera, CEO, FINO.
FLEXCUBE has been configured to meet the special needs of microfinance institutions. For instance, it supports lending to self help groups or joint liability groups and can handle disbursements and or repayments for an entire group of borrowers as a single transaction. It is also able to handle daily, weekly or other Interest repayment schedules to cater to the needs of hawkers and small businesses.
"FINO has the vision and the capability to handle the volumes and the complexity that go with microfinance. Its approach is pioneering and frees microfinance institutions from the need to make large investments in Infrastructure. It thereby enables them to expand their businesses without restriction," says Deepak Ghaisas, Vice-Chairman, of the Company.
* IBS (UK) has ranked FLEXCUBE as the No. 1 banking solution in the world for five consecutive years 2002, 2003, 2004 and 2005 and 2006.
Date: 2007-12-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated December 20, 2007, titled "FLEXCUBE and FINO Help Microfinance Institutions Confront Challenges". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-12-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release stating "The Credit Union Loan Source, LLC selects Daybreak Lending Suite". The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-12-18 |
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Source: BSE - i-flex Solutions Ltd on December 18, 2007, announced that the Credit Union Loan Source, LLC has selected Daybreak™ Lending Suite ("Daybreak") as their loan servicing and collections platform.
Daybreak is an end-to-end lending solution that supports a broad range of institutions and varied sizes, including the Credit Union industry. The servicing and collection modules of Daybreak will be deployed in an ASP environment and The Credit Union Loan Source will access this system from a single production office.
The focus of The Credit Union Loan Source''s search for a new lending platform was driven by its requirements to streamline and automate business processes, reduce redundancy and enhance customer service. In addition, easy access to, and retrieval of, information as well as improved reporting were decisive attributes in The Credit Union Loan Source''s selection of a new servicing solution.
George Thomas, CEO, SuperSolutions, an i-flex solutions company, said, "This is an important win for us. It reinforces our mission to enable the financial services industry to excel by leveraging information technology. Providing an end-to-end lending solution that improves efficiencies and allows organizations to be adept to ever changing market demands allows our customers to be very competitive and enables them to provide a high level of customer service. We welcome The Credit Union Loan Source to our growing family of honored clients."
Date: 2007-12-18 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated December 17, 2007, titled "i-flex Launches FLEXCUBE Private Banking Suite". A copy of the same shall be available on the NSE website(http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-12-17 |
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Source: BSE - i-flex Solutions Ltd on December 17, 2007, has announced its entry into the Private Banking and Wealth Management space with the launch of FLEXCUBE® Private Banking Suite. The solution is easy-to-integrate with existing back office applications and cost effective for banks and financial institutions.
The solution today supports the entire lifecycle of Customer Management, Transaction Management and Portfolio Management functions for the Mass Affluent and High Net Worth segment of the bank''s domestic business. The solution also has a comprehensive reporting, risk and core function engine.
With booming markets, especially in Asia, Central and Eastern Europe and Latin America, and the number of high net worth individuals rising, banks and financial institutions are working to create more sophisticated and personalized offerings to address the needs of this demanding and highly profitable customer segment.
"The FLEXCUBE Private Banking Suite enables institutions deploy holistic wealth management offerings that provide competitive differentiation and improve their share of the customer''s wallet. The solution empowers institutions to shift their approach from a ''one size fits all'' to a personalized model. It will also help them reduce costs by giving them the ability to retire standalone wealth management solutions," says N R K Raman, Managing Director and CEO, of the Company.
The FLEXCUBE Private Banking Suite provides financial institutions and their customers a unified view of customer wealth across their portfolios, including the ability to consolidate the holdings of a family. It enables financial institutions and their customers manage multiple asset classes including equity, mutual funds, bonds, structured products, real estate and commodities, whether held within the bank or with other external institutions. The solution uses open standards and offers quick and easy integration with product processors, core banking, CRM and other back office systems.
Banks can offer wealth management services tailored and personalized to the specific risk profiles of their customers. In addition, the FLEXCUBE Private Banking Suite''s well designed and flexible architecture enables institutions respond rapidly and nimbly to changing market conditions. The solution''s agile J2EE architecture provides robust security, high performance, high availability, high scalability and easy extension for bank-specific customizations.
Date: 2007-12-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated December 04, 2007, titled "Federal Home Loan Bank of New York goes live on FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-12-04 |
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Source: BSE - i-flex Solutions Ltd on December 04, 2007 announced that Federal Home Loan Bank of New York (FHLBNY) has implemented FLEXCUBE® for its Demand Deposit Account operations. The bank had chosen FLEXCUBE as its solution in March this year.
George Thomas, VP - Customer Fulfilment and Solution Architecture, of the Company said, "FLEXCUBE is synonymous with ease of deployment and smoothly integrates solutions in the most complex of customer settings. FHLBNY is another great proof-point of what a highly committed customer and technology partner can achieve together as a team."
Federal Home Loan Bank of New York is a congressionally chartered, wholesale bank managing assets in excess of $102.3 billion and services over 300 financial institutions in New Jersey, New York, Puerto Rico and the US Virgin Islands.
Date: 2007-12-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the meeting of the Board of Directors of the Company held today i.e. December 03, 2007, the Directors have allotted 1,200 equity shares of face value of Rs.5/- each pursuant to exercise of stock options by applicant employee of the Company. With this, the paid up equity share capital of the Company stands at Rs.418,714,705/- divided into 83,742,941 equity shares of Rs.5/- each." Date: 2007-12-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 03, 2007, has allotted 1,200 equity shares of face value of Rs 5/- each pursuant to exercise of stock options by applicant employee of the Company.
With this, the paid up equity share capital of the Company stands at Rs 418,714,705/- divided into 83,742,941 equity shares of Rs 5/- each.
Date: 2007-12-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 03, 2007, to consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-11-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Company and IZB Informatik-Zentrum, a Munich-based IT- and telecommunication service provider for the financial sector, on November 21, 2007 announced a strategic partnership to deliver a full range of banking application services to German banks. To this end, IZB Informatik-Zentrum will be using FLEXCUBE®, i-flex''s flagship product, to deliver value-added application providing services (ASP) tailored to the specific needs of German banks.
IZB Informatik-Zentrum is a subsidiary of Sparkassen Informatik, Frankfurt, the leading IT service provider for savings banks in Germany and one of the largest IT service providers in Europe. Through the partnership, i-flex and IZB Informatik-Zentrum will deliver banking application services, including core banking, lending, risk and internet banking functions as well as the integration and allocation of specific German banking services according to German banking regulations, to private and public banks throughout Germany.
This announcement comes in the backdrop of banks and financial institutions in Germany looking to outsource their IT infrastructure and maintenance. By opting for banking services delivered on an ASP model, these institutions will be able to focus on their core business functions, thus servicing their end-customers more efficiently, while reducing their overall operational costs.
Oliver Trancart, CEO of i-flex solutions b.v., highlighted the importance of this partnership: "Partnering with IZB Informatik-Zentrum gives us access to a huge share of the German banking market, reinforcing our investment and commitment to the largest banking market in Europe. It offers banks the unique possibility to get a wide range of services, from solution outlining and implementation to application service and maintenance out from a single source using FLEXCUBE. It also considerably enriches our experience of the German market, helping augment our knowledge of highly specific regional requirements."
Date: 2007-11-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated November 21, 2007, titled "i-flex solutions and IZB Informatik-Zentrum Partner to Deliver ASP Services for German Banks Using FLEXCUBE; Partnership Enables Banks to Focus on core Activities and Reduce Operational Costs". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-11-21 |
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Source: BSE - i-flex Solutions Ltd has announced that the Company re-affirmed its commitment to the Egyptian financial services industry. As i-flex builds on its long, successful partnership with the Egyptian financial services industry-including Banque Misr, Banque Du Caire, Credit Agricole, Barclays Bank and Citibank - it looks to further strengthen and reiterate its commitment through providing world-class IT solutions that will empower the industry.
Announcing its success in Egypt, N R K Raman, Managing Director and Chief Executive Officer, i-flex solutions said, "Egypt is a strategic market for us and we are proud of our partnerships and the success we have achieved in the market. It is estimated that a substantial percentage of the total banking transactions in Egypt are handled by banks that use FLEXCUBE®, i-flex''s core banking solution."
Re-affirming i-flex''s commitment to the Egyptian market Raman said, "IT usage among Egyptian financial institutions are fast growing and maturing. To provide these institutions with enhanced support levels, i-flex plans to open a support center in Egypt by the first quarter of 2008. This center can not only support our customers in Egypt, but also can serve as the hub for the Middle East, Africa and Southern Europe. We are excited about the local talent available in Egypt."
i-flex offers end-to-end portfolio of solutions to the Egyptian financial services industry i-flex solutions offers the Egyptian financial services industry a range of solutions. Said Raman "The Egyptian financial services industry is at the threshold of significant growth and is looking at technology as a key growth enabler. With successful customer partnerships in the country, i-flex is in a strong position to provide world-class solutions, localized to address the unique requirements of the market. For example, FLEXCUBE supports multilingual Arabic screens for Egyptian customers. Our extensive experience in servicing financial institutions across the globe is an added advantage."
i-flex''s portfolio of solution includes the FLEXCUBE suite of products -- a complete banking product suite across retail, consumer, corporate, investment banking, asset management, investor servicing, and payments, among others. i-flex also offers specific solutions for the lending, private and Islamic banking domains.
Through Reveleus™ and Mantas®, i-flex offers a single, unified platform for Governance, Risk and Compliance (GRC). i-flex''s global IT services division, PrimeSourcing™, provides customized software solutions exclusively for the financial services industry. The i-flex Consulting™ division, provides an end-to-end consulting partnership for comprehensive business and technology solutions; and i-flex Processing Services (iPSL), provides asset management, financial modeling and valuation and Business Process Outsourcing (BPO) services.
Date: 2007-11-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated November 20, 2007 titled "i-flex solutions Re-affirms its Commitment to the Egyptian Financial Services Industry". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-11-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a two press releases dated November 15, 2007, titled "i-flex Integrates Wolters Kluwer Financial Services Compliance Documents into FLEXCUBE Core Banking Platform" and titled "IDOM Inc to offer Comprehensive Regulatory Reporting Capability for Banks in Partnership with i-flex solutions". A copies of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-11-15 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that IDOM, Inc., a leading provider of banking automation products and management consulting services to the financial sector, has announced an agreement with the Company. IDOM''s industry leading regulatory reporting software - REG-Reporter will be positioned for regulatory reporting requirements in North America along with FLEXCUBE®, i-flex''s market leading core banking solution.
"Regulatory reporting is constantly evolving and is a huge challenge for Banks to comply with multiple complex reporting requirements. The partnership with IDOM enables us to offer a unified tool as part of our FLEXCUBE solution suite. We are quite pleased to go to market with IDOM and reduce the regulatory pain-points of our customers." said George Thomas, Vice-President, Customer Fulfillment & Solution Architecture, i-flex solutions.
REG-Reporter completely automates the labor intensive, inefficient regulatory reporting process, end-to-end, mitigating the risks associated with manual report preparation. It automates compliance with reporting requirements to federal and state regulatory authorities and bank management, helping to ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. In summary, REG-Reporter combines data from all of a bank’s source systems (or data warehouse) into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies such as the Federal Reserve Bank.
Date: 2007-11-15 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Wolters Kluwer Financial Services and the Company on November 15, 2007 announced that the Companies will integrate Wolters Kluwer Financial Services electronic lending, deposit and Individual Retirement Account (IRA) document compliance solutions into i-flex''s FLEXCUBE® Core Banking solution.
Through the new relationship, i-flex customers deploying i-flex''s market leading core banking platform FLEXCUBE, will now be able to fulfill compliance requirements tied to loan, deposit and IRA accounts via Wolters Kluwer Financial Services industry leading electronic documents, built upon the decades of experience and knowledge behind the Company''s Bankers Systems product line.
"We have been relentlessly expanding our product''s capability to match the unique needs of the financial institutions in the United States," said George Thomas, VP - Customer Fulfilment & Solution Architecture, of the Company. "Wolters Kluwer Financial Services expertise in helping financial institutions manage complex account compliance further augments our ability to help them solve their toughest business issues with FLEXCUBE."
Wolters Kluwer Financial Services compliance documents help financial institutions comply with regulatory requirements in all 51 U.S. jurisdictions and can be customized as needed according to an institution''s specific business practices and policies.
Date: 2007-11-15 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated November 14, 2007 titled "Flexcube Goes Live at Citi in 67 Countries". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-11-14 |
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Source: BSE - i-flex Solutions Ltd on November 14, 2007, announced that it has completed the rollout of FLEXCUBE®, its flagship banking product, in 67 countries within Citi''s markets and banking division.
This ambitious implementation is the culmination of seven years of work. With the completion of the rollout, FLEXCUBE now supports Citi Markets & Banking''s extensive, complex operations in the U.S., Europe, Africa, Asia-Pacific and Latin America. With offices in countries including the UK, Germany, Italy, Japan, Australia, Singapore and Hong Kong, FLEXCUBE technology will help the firm manage ODA, Loans, Treasury, Cash and Liquidity management products.
Launched in 1997, FLEXCUBE is a multi-currency system capable of being deployed across multiple geographies while centralizing data processing at single or multiple hubs. FLEXCUBE also has the ability to "talk" to other applications designed for niche banking operations. These capabilities in particular address the needs of large, tier-one banks, such as Citi, with operations in several countries, each of which often have a host of in - house systems built for specific requirements.
After careful evaluation of the market, Citi selected FLEXCUBE in 2000 to replace its older legacy banking system. The Company commenced the FLEXCUBE implementation in 2000, with Finland being the first country to go live that year. During the next several years, Citi transformed its core banking platform for its markets and banking unit with Company''s modern, flexible, scalable and future-proof platform. In choosing FLEXCUBE, Citi has been able to preserve its investment in several hundred highly specific point solutions.
This technology replacement was part of a world-wide initiative of Citi which embarked on a program to modernize its entire technology and infrastructure by standardizing on a common platform. According to Celent, a leading industry analyst firm, "We believe Citibank will, ultimately, be able to save close to 110 Million USD annually through reduced maintenance costs as well as more rapid development times." (*Celent — Core System Replacement — July 2002)
N R K Raman, CEO and Managing Director, of the Company said: "The scale of the FLEXCUBE rollout at Citi has never been attempted nor achieved. As partner in the transformation program at Citi we have together demonstrated the enormity of benefits that a Bank can reap by standardization of the processing platform and leapfrog to a new level of operational excellence and cost management. We look forward to greater success as Citi continues to move forward on this ambitious program."
This landmark implementation was the first ever endeavour of such large scale and size. Overall, there are more than 2,500 products serviced and FLEXCUBE processes more than 7 million transactions per day. The Company had built a record number of more than 1,500 product interfaces that are geared to interact with hundreds of Citi systems deployed in 67 countries. FLEXCUBE has truly transformed the business and operating environment, offering standard set of products and processes in all countries, processing power to handle both organic and inorganic growth in volume and ensuring compliance across all countries.
Date: 2007-11-14 |
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Source: BSE - i-flex Solutions Ltd on November 02, 2007 announced that The Islamic Bank of Asia (IB Asia) will be implementing i-flex''s FLEXCUBE® Islamic Banking Suite as the Core Banking Solution for its operations.
DBS Bank and leading investors from the Gulf Co-operation Council launched IB Asia, Singapore''s first Islamic Bank, in May 2007. IB Asia focuses on commercial banking, corporate finance, capital markets and private banking services. FLEXCUBE Islamic Banking Suite will provide the bank a Shariah Compliant, New Generation Core Banking Solution, which will automate the transaction processing function of the bank.
FLEXCUBE will provide IB Asia the advantage of a highly customer-centric solution, with sophisticated functionality, enabling faster response to customer needs and a single view of the customer across businesses.
Expressing his delight at the win, Kishore Kapoor, CEO, i-flex solutions pte ltd says, "We are proud to be the platform of choice for an institution like IB Asia with its powerful lineage of investors. Being a conventional banking platform leader, i-flex saw the Islamic wave early on and made a strategic investment in developing a truly global Islamic Banking Solution, which has the required depth in Islamic Banking functionality, the breadth of expertise gained from implementing core banking solutions across 120+ countries, plus the technology capability to serve Islamic banks in the future."
FLEXCUBE Islamic Banking Suite counts some of the leading Islamic Banks among its customers such as Shamil Bank, Dubai Islamic Bank, Sakana Housing Finance in Middle East and Asian Finance Bank Berhad in Malaysia.
Date: 2007-11-02 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated November 02, 2007, titled "The Islamic Bank of Asia Selects i-flex''s Flexcube Islamic Banking Suite as its Core Banking Platform". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) Date: 2007-11-02 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2007, inter alia, has transacted the following:
1. Allotted 6,600 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company.
2. Appointed Mr. Sergio Giacoletto Roggio as an Additional Director of the Company.
Date: 2007-10-26 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a net profit of Rs 765.80 million for the quarter ended September 30, 2007 as compared to Rs 1009.40 million for the quarter ended September 30, 2006. Revenue has increased from Rs 3968.00 million for the quarter ended September 30, 2006 to Rs 4351.70 million for the quarter ended September 30, 2007.
The following consolidated results as per GAAP:
Consolidated Results as per Indian GAAP:
The Group has posted a net income of Rs 874 million for the quarter ended September 30, 2007 as compared to Rs 935 million for the quarter ended September 30, 2006. Revenue has increased from Rs 4992 million for the quarter ended September 30, 2006 to Rs 5758 million for the quarter ended September 30, 2007.
Consolidated Results as per US GAAP:
The Group has posted a net income of Rs 640 million for the quarter ended September 30, 2007 as compared to Rs 804 million for the quarter ended September 30, 2006. Revenue has increased from Rs 5009 million for the quarter ended September 30, 2006 to Rs 5840 million for the quarter ended September 30, 2007.
Date: 2007-10-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 26, 2007 the Directors have : 1) Allotted 6,600 ESOP equity shares of face value of Rs. 5/- each to the applicant employees of the Company. 2) Appointed Mr. Sergio Giacoletto Roggio as an Additional Director of the Company. Date: 2007-10-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated October 26, 2007, titled "i-flex posts net income of Rs.87 crore up 138% QoQ; Revenues for the quarter at 576 crore up 12% QoQ". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 81981 lacs for half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 13478 lacs for the half year ending on 30-SEP-2007. Date: 2007-10-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2007 as follows: Net Sales of Rs. 43517 lacs for quarter ending on 30-SEP-2007 against Rs. 38464 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 7658 lacs for the quarter ending on 30-SEP-2007 against Rs. 5820 lacs for the quarter ending on 30-JUN-2007. Date: 2007-10-26 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 26, 2007, inter alia, to consider the following:
1. To adopt un-consolidated Indian GAAP Accounts for the quarter and half year ended September 30, 2007 (Q2).
2. To adopt consolidated Indian GAAP Accounts for the quarter and half year ended September 30, 2007.
3. Allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
4. Appointment of an Additional Director.
Date: 2007-10-19 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in his shareholding as below: Name of the Employee: Mr. Nandu Kulkarni, Date of Transaction: 10-Oct-07 & 11-Oct-07, No. of Shares Sold: 5,000 & 500, Date of Intimation to the Company: 14-Oct-07". Date: 2007-10-15 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated October 04, 2007, titled "i-flex solutions increases its stake in Castek to 100%; On Completion of the Acquisition, Castek will be a Wholly Owned Subsidiary of i-flex solutions". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-05 |
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Source: BSE - i-flex Solutions Ltd on October 05, 2007 has announced that it has acquired a 100% stake in Castek Software Inc. i-flex board has approved the acquisition today and the transaction is expected to close by March 2008.
Headquartered in Toronto, Canada, Castek is a provider of core insurance-business processing systems for large- and mid-sized Property and Casualty (P&C) insurers.
In August 2005, i-flex had entered into an equity financing arrangement with Castek, that allowed i-flex to become its largest shareholder. Since then, i-flex held 59.9% of Castek''s shares on a fully diluted basis. On completion of the latest transaction, i-flex will own all the outstanding shares of Castek and it will become a wholly-owned subsidiary of i-flex.
"Castek''s product is proven and is being used by two large North American customers. With i-flex''s wide market reach, the potential to expand is now great. Ever since we forayed into insurance a couple of years ago, we can offer insurance Companies a scalable model of onsite, near shore and offshore services. Our full service dedicated units focus on both technology and business solutions, i-flex also has a dedicated Competency Center around the Insure3 platform", says N R K Raman, Managing Director and CEO, of the Company.
Castek''s flagship product — Insure3 [pronounced Insure Cube] - is a SOA based Full Policy Lifecycle administration software which is delivered through a platform of best-of-breed, pre-integrated software components.
Celent, a Boston based research firm, forecasts that globally P&C insurance carriers will spend more than US$39 billion on software and services in 2008.
Castek''s growing client list includes some of the biggest names in the US insurance market, and the flexibility of this suite makes it adaptable for implementation in countries across Asia, Europe, Africa, and the Middle East. Since the commencement of its relationship with i-flex, Castek has acquired TMM (Tokio Marine Management) and GAIC (Great American Insurance Co.) as customers in the US.
Date: 2007-10-05 |
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Source: BSE - i-flex Solutions Ltd has announced that on October 04, 2007 FLEXCUBE®, its flagship product, is live at UniCredit Bulbank''s operations in Bulgaria.
When it acquired HVB Group in 2005, three entities came under the fold of UniCredit
Bulbank: Hebros Bank, HVB Bank Biochim and Bulbank. The vision of the UniCredit team was to merge the operations of these three banks and bring them under a common operating platform, thus creating the biggest and the strongest banking entity in the country.
After evaluating offerings from other vendors, and being aware of the Company''s proven track record in helping banks standardize their banking platforms in a cost-and-time-effective fashion, UniCredit chose FLEXCUBE in 2006. The Company replaced the existing systems at its Bulgarian entities with a standard version of FLEXCUBE and the bank went live on the new, integrated, platform in less than 14 months.
S Sundararajan, Senior Vice-President, Banking Products Division, of the Company, said:
"The project is proof of our ability to support our customers in key M&A activities and also help them realize the benefits in a short time frame. We see an opportunity to assist other banks looking at consolidating assets in the new EU countries."
From the outset, UniCredit wanted to re-evaluate the existing structures within each of the banks and evolve a new model that would allow them to offer a unified portfolio of products, a robust operational framework, and a common IT platform that would offer scalability and flexibility. The project team, therefore, set the ambitious objective of creating a uniform target version for all three entities, with FLEXCUBE being deployed as part of ''big-bang'' implementation. The integration plan was to upgrade Hebros Bank, which was already using FLEXCUBE, to the target version, and migrating HVB Bank Biochim and Bulbank as well.
Date: 2007-10-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated October 04, 2007, titled "FLEXCUBE Live at Bulgaria''s Biggest Banking Entity, UniCredit Bank; Transformation Project Involved Core Systems Replacement Across Three Entities". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 04, 2007, has taken the following decisions:
1. Approved an additional investment of upto Rs 10 crores in equity / preference share capital of, and / or a term loan to, i-flex Processing Services Ltd, India, a wholly owned subsidiary of the Company.
2. Approved an additional investment of upto US$ 12 Million in equity / preference share capital of i-flex America Inc., USA, a wholly owned subsidiary of the Company.
3. Allotted 6,300 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company. The Company is taking steps to list these shares on the stock exchanges.
4. Approved acquisition of the balance equity share capital of Castek Inc., Canada, an existing subsidiary of the Company, by which Castek would become a wholly owned subsidiary of the Company. The transaction is expected to get closed by March 2008.
Date: 2007-10-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on October 04, 2007 the directors have: (1) Approved an additional investment of upto Rs.10 crores in equity/preference share capital of, and/or a term loan to, i-flex Processing Services Limited, India, a wholly owned subsidiary of the Company. (2) Approved an additional investment of upto US$ 12 Million in equity/preference share capital of i-flex America Inc., USA, a wholly owned subsidiary of the Company. (3) Allotted 6,300 ESOP equity shares of face value of Rs.5/- each to the applicant employees of the Company. The Company is taking steps to list these shares on the stock exchanges. (4) Approved acquisition of the balance equity share capital of Castek Inc., Canada, an existing subsidiary of the Company, by which Castek would become a wholly owned subsidiary of the Company. The transaction is expected to get closed by March 2008. Further the Company informed that item no. 4 was not on the agenda of the board meeting and was taken up with the permission of the chair. Date: 2007-10-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated October 03, 2007, titled "i-flex Announces a New Release of FLEXCUBE Investor Services; Supports SWIFTNet Funds 4.0 for Fund Management Companies, Transfer Agency Service Providers and Fund Distributors". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-04 |
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Source: BSE - i-flex Solutions Ltd announced the availability of a new version of FLEXCUBE® Investor Services based on a J2EE platform and an enhanced user interface (UI). Its integration with Oracle BPEL Process Manager for process orchestration allows customers to standardize, transform and optimize their business processes.
FLEXCUBE Investor Services has been deployed in 24 countries including Singapore, Hong Kong, Qatar, South Africa, Ireland, Luxembourg, Bermuda, Trinidad & Tobago, Germany, Switzerland and Japan. Among the customers who use FLEXCUBE Investor Services are HSBC and South Africa''s Old Mutual Investment Administrators (OMIA).
FLEXCUBE Investor Services helps fund management companies, transfer agency service providers and fund distributors design innovative products and offer efficient investor services to their clients. It automates an investment fund company’s transaction processing, registry, transfer agency and fund distribution functions.
It supports:
- Fund Management companies for in-house fund administration
- Transfer Agency and Registry Service Providers for fund companies and fund distributors
- Distributors of Mutual Funds (third party funds service providers)
- Pension/retirement fund administrators (Unit linked investments)
- SWIFTNet Funds 4.0 including ISO 20022 messages.
"The new release of FLEXCUBE Investor Services gives fund administrators and Transfer Agents the ability to measure and strengthen their processes. In addition, it future-proofs their technology investments by the use of Oracle Fusion Middleware, an industry standard J2EE platform, together with a new user interface. The support for SWIFTNet enables faster and better adoption of STP (straight through processing) between the various participants in the funds business," says Joseph John, Executive Vice President, Banking Products Division, of the Company.
The product uses open standards, making interface with other applications simpler. A new XML-based UI allows screens to be easily modified and enables a quick change in UI style sheets and layouts. With support for multilingual screens, users can seamlessly switch languages to meet the needs of their customers and assure better customer service. Customers can leverage the web services available in FLEXCUBE Investor Services, for simplifying integration and easy orchestration of business processes via industry standard BPEL (business process execution language).
Date: 2007-10-04 |
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Source: BSE - i-flex Solutions Ltd has announced that Bank DnB NORD’s Danish and Finnish operations are live on FLEXCUBE®, its flagship product. DnB NORD is a joint venture between Oslo-based DnB NOR, Norway’s largest financial services group, and NORD/LB, Norddeutsche Landesbank and Girocentrale, a leading universal bank in North Germany. The bank selected FLEXCUBE for its banking transformation initiative across Latvia, Lithuania, Estonia, Poland, Finland and Denmark. The FLEXCUBE implementation commenced late February this year, and Denmark and Finland were live by early July.
The transformation project spans the corporate and consumer business of DnB NORD, across multiple legal entities. A joint team from the bank and i-flex Consulting created a common business operating model across all countries, and is now helping DnB NORD standardize its business structure and processes on FLEXCUBE for better operational efficiency.
On partnering with DnB NORD, Joseph John, Executive Vice-President, Banking Products Division, i-flex solutions, stated: “We are delighted to be a partner of choice at DnB NORD to enable the banking transformation program. Encouraged by the success of going live with FLEXCUBE in the Nordics (Denmark and Finland) in an aggressive timeframe, we are confident we will keep up the pace for FLEXCUBE going live across the rest of DnB NORD’s countries of operation.”
Date: 2007-10-03 |
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Source: BSE - i-flex Solutions Ltd has announced the launch of the FLEXCUBE® Lending Suite specifically designed to address the lending requirements of financial institutions and consumer credit organizations.
The FLEXCUBE Lending Suite focuses on the key pillars of a lending business - Origination - Servicing - Collections. It can coexist and integrate with lending institutions existing applications to enable them to leverage existing data. It can accelerate the speed with which they can offer customized products and enhance customer service. In addition it has a rich analytics offering and the ability to integrate with the Oracle Governance Risk and Compliance (GRC) framework.
"The FLEXCUBE Lending Suite uses predefined industry best practices and lending processes that will enable banks, financial institutions and consumer credit organizations to run their businesses more effectively. Its inbuilt process capability will help them launch products swiftly and provide a platform for process reengineering. It can be easily integrated with Governance, Risk and Compliance frameworks and allows institutions to be compliant with changing regulations and manage their risks effectively. With the solution in place, lending institutions can focus on their core business and become more competitive and customer focused," says Joseph John, Executive Vice President, Banking Products Division, i-flex solutions.
The FLEXCUBE Lending Suite offers better return on investment (ROI) because it is built on Oracle Fusion Middleware, with support for SOA (service-oriented architecture) and open standards. In addition, its use of J2EE makes it robust and scalable. Oracle''s industry- standard BPEL and Business Activity Monitoring components provide FLEXCUBE Lending Suite with strong Business Process Management capabilities. The solution provides financial institutions a single integrated platform with solutions for Origination, Servicing, Collections addressing Consumer, Small Business and Commercial Lending, Mortgages and Islamic Offerings. In addition, J2EE support makes it robust and scalable.
The FLEXCUBE Lending Suite provides the following benefits to financial institutions and consumer credit organizations:
- A comprehensive product that covers design, execution of transactions to measurement of business efficiency.
- Ability to integrate multi-product Origination capability with existing applications for Servicing and Collections for Lending.
- Flexibility to address new business models in consumer and commercial credit.
- Ability to continuously measure and adapt business processes.
- A Customer Analytics engine that helps capitalize on a financial institution''s existing technology and knowledge assets.
- Embedded support for Governance, Risk and Compliance Frameworks.
Date: 2007-10-03 |
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Source: BSE - i-flex Solutions Ltd announced the launch of FLEXCUBE® Universal Banking Solution (UBS) Release 10.0 at Sibos in Boston, MA, USA. Sibos is the world''s premier financial services event attracting the industry''s leading figures and firms.
The Company has invested over 50,000 person days of effort in developing new functionality for FLEXCUBE UBS Release 10.0.
The new release enables banks to standardize, transform and optimize their business processes. Banks can use FLEXCUBE to simplify and streamline processes, track and rapidly administer complex multi-step transactions, efficiently distribute workload by identifying bottlenecks and improve customer service by using pre-defined custom processes for different segments of customers.
FLEXCUBE release 10.0 has a new task-based User Interface on an agile J2EE based architecture. It uses BPEL (Business Process Execution Language), and Business Activity Monitoring (SAM) technologies, to provide powerful business process management capabilities to banks. The new release enables FLEXCUBE to participate in an SOA environment and contains a comprehensive and wide ranging set of Web Services to cover all transactional and business process orchestration requirements.
"Banks want to achieve competitive differentiation by developing innovative business offerings and to fine tune their processes based on insight and measurement. This release of FLEXCUBE enables banks to achieve this holistically," says Joseph John, Executive Vice President, Banking Products Division, of the Company. "i-flex has made a strategic choice of adopting Oracle Fusion Middleware, with complete SOA support that enables adoption of open standards. We are continuously adding new functionality to meet evolving business needs and are excited about the value we provide to our Customers."
A new task-based User Interface (UI) provides for high throughput, via easy access to task-lists, customer profiles and transaction context. This supports configuration of screens without any impact to the underlying business logic that is exposed as Web Services. Leveraging BAM technology, FLEXCUBE provides users with dashboards to measure process performance and identify bottlenecks for process improvement. The product serves Governance, Risk & Compliance frameworks thus allowing institutions to be compliant with changing regulations, monitor fraud and manage their risks effectively.
This release preserves the rich business functionality that FLEXCUBE offers Wholesale Banks for their Cash, Trade, Payments, Treasury and Lending and Retail Banks for their Savings, Deposits and Loans businesses. Other key features of this new release include SWIFT 2007 enhancements, SwiftNET connectivity and comprehensive support for SEPA Payment processing. FLEXCUBE, since the first release of the application in 1997, offers users the ability to configure new products without any software code change. It allows them to process these for multiple entities from a single-instance of the application installed in the Bank.
Earlier, the Company had announced, i-flex Process Framework for Banking, a repository of banking processes developed based on i-flex’s years of experience in working with over 765 financial institutions across over 130 countries. FLEXCUBE Universal Banking Solution implements these processes with executables built and executed with Oracle BPEL Process Manager.
Date: 2007-10-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the press releases dated October 02, 2007, titled as "Bank DnB NORD selects FLEXCUBE as Core Banking Platform for Operations in Six European Countries" and "i-flex Launches FLEXCUBE Lending Suite". The copy of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated October 01, 2007, titled "i-flex Announces Major New Release of Flexcube; New J2EE Based Solution Supports BPM and SOA, with Task-based UI, Web Services, and BPEL integration". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-10-03 |
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Source: NSE - I-Flex Solutions Limited has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the Company held on August 24, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-09-29 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 27, 2007, titled "Old Mutual Finance implements Daybreak Lending Suite - Enables its Operational Compliance to South Africa''s National Credit Act". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-09-27 |
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Source: BSE - i-flex Solutions Ltd, on September 27, 2007 has announced that Old Mutual Finance (Pty) Ltd, a wholly owned subsidiary of Old Mutual Group has implemented its Daybreak Lending Suite.
Company was required to complete the implementation of Daybreak in a short period of three months because Old Mutual needed to be compliant with South Africa''s National Credit Act (that came into force on June 01, 2007). The act seeks to improve transparency in financial transactions, requires lenders to disclose all conditions attached to credit transactions as well as sets caps on interest rates. Old Mutual satisfied itself that Daybreak would meet all the requirements of the Act, hence the decision to choose Daybreak.
Speaking on the implementation, Hennie Vermaas, Business Unit Manager for Old Mutual Finance (Pty) Ltd, South Africa said, "It was indeed a daybreak for Old Mutual Finance when we went live on schedule with the lending platform from i-flex that enabled us to comply to South Africa''s National Credit Act of 2007. i-flex solutions'' track record of rapid implementations in various parts of the world was an important factor in our decision to choose the product."
"We are happy that we could help Old Mutual Finance meet the tough deadline that they had before them. We are also delighted with the momentum that our lending solutions are gaining in the market place," said Joseph John, Executive Vice President, Banking Products, i-flex solutions.
Date: 2007-09-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 04, 2007, inter alia, to consider the following:
1. Additional investment in equity capital of i-flex Processing Services Ltd, India, a wholly owned subsidiary of the Company.
2. Additional investment in equity capital of i-flex America Inc., USA, a wholly owned subsidiary of the Company.
3. Allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-09-26 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 21, 2007, titled "i-flex Recognized as a "Deal Leader" in Global Banking Platforms by Independent Research Firm". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-09-21 |
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Source: BSE - i-flex Solutions Ltd, on September 21, 2007 has announced that independent technology and research company, Forrester Research Inc., has recognized i-flex as a "Deal Leader" and an "undisputed heavyweight in the global banking platform arena" in the August 2007 report Global Banking Platform Deals 2006: Vendors.
The Company signed the highest number of banking platform deals (48 out of 242 surveyed in the report) among a select group of 14 vendors of globally deployed banking platforms that Forrester surveyed for the report. Forrester categorized survey participants into five distinct groups based on global sales success, global reach, and the homogeneity of their product portfolios. The groups in descending order are Deal leaders, Global challengers, Global pursuers, Rising players and Base players.
"This is a reflection of the value that our solutions portfolio provides our customers worldwide. We are acutely aware of the changing dynamics of the market place and the pressure that banks are under to increase customer intimacy and competitive differentiation, reduce costs and address the complexity of regulations. Our solutions are targeted towards helping banks address these challenges and mitigate risks," said N R K Raman, Managing Director and CEO of the Company.
Date: 2007-09-21 |
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Source: BSE - i-flex Solutions Ltd on September 17, 2007 has announced that Bank M (Tanzania) has selected its flagship product FLEXCUBE® as its core banking solution.
"Technology is the backbone of the financial services industry. We selected FLEXCUBE after an exhaustive rating process. We are confident of i-flex''s regional support, and impressed with the commitment of i-flex personnel. We are sure the association will be an enduring and beneficial one," said Nimrod Mkono, Chairman and Chief Executive Officer, Bank M (Tanzania).
Bank M (Tanzania) is the first Service Standard Guarantee (SSG) provider in East Africa and uses technology to deliver on its promises. If the bank fails to meet expected timelines or customer care standards, it undertakes the transaction or delivery of the product free of cost. Bank M (Tanzania) provides ''money-round-the-clock''; and all its branches are open from 8 am to 8 pm, unlike most banks that operate until 3 pm and work only half-days on Saturdays. Bank M (Tanzania) has also instituted a program to provide ''Drive in cash banking'' at all its branches.
Commenting on the selection, Anil Rai, who heads Africa Sales of the Company said, "We are delighted to partner with Bank M (Tanzania) to help them redefine their technology strategy to create competitive advantage. We have over 70 customers in over 23 countries in Africa, including five in Tanzania. This win is a testimony to our growing presence and traction in the region and also our deep commitment to the continent."
Date: 2007-09-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated September 17, 2007, titled "Bank M (Tanzania) selects i-flex''s FLEXCUBE as Core Banking Solution". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-09-17 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company have intimated the change in his shareholding as below: Name of the Employee: Mr. Olivier Trancart, Date of Transaction: 24-Aug-07, No. of Shares Bought through ESOP: 20,000, Date of Intimation to the Company: 30-Aug-07". Date: 2007-09-05 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that Annual General Meeting of the Company was held on August 24, 2007. The outcome of AGM shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements). Date: 2007-08-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the shareholders at the 18th Annual General Meeting (AGM) of the Company held on August 24, 2007, inter alia, have accorded the following:
1. Adopted the audited Balance Sheet as on March 31, 2007, the Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon.
2. Re-appointed Mr. Rajesh Hukku and Mr. William T Comfort, Jr. as a directors retiring by rotation.
3. Appointed M/s. S R Batliboi & Associates as Statutory Auditors of the Company from the conclusion of this AGM till conclusion of next AGM.
4. Authorized the Board of Directors to appoint Branch Auditors of the Company to conduct the audit of Branch office(s).
5. Appointed Mr. N R K Raman as the Managing Director for a period of five years with effect from May 01, 2007 to April 30, 2012 and payment of remuneration as per the terms mentioned in the Notice of the 18th Annual General Meeting of the Company.
6. Appointed Mr. Deepak Ghaisas and Mr. R Ravisankar as Whole-time Directors of the Company, liable to retire by rotation.
7. Appointed Mr. Derek Williams as Director liable to retire by rotation.
8. Approved resolution for payment of commission to Non-Executive Directors of the Company.
9. Approved resolution authorizing the Board of Directors of the Company to deduct, recover Fringe Benefit Tax in relation to ESPS / ESOP shares exercised by the employees of the Company.
Date: 2007-08-25 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange on August 24, 2007 that: "At the meeting of the Board of Directors of the Company held today the Directors have allotted 26,207 ESOP Equity shares of Face value of Rs 5/- each to the applicant employees of the Company. In this lot, equity shares have been allotted to the following senior employee of the Company who had exercised his ESOPs. 1) Name: Mr. Oliver Trancart, No. of shares allotted: 20,000". Date: 2007-08-24 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 24, 2007, has allotted 26,207 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company.
In this lot 20,000 shares have been allotted to Mr. Oliver Trancart, senior employee of the Company.
Date: 2007-08-24 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that i-flex solutions SA, Greece was incorporated in May, 2007 with an investment of 35% in its equity share capital by i-flex solutions BV, Netherlands, a subsidiary of the Company. i-flex solutions BV has now acquired additional equity shares of i-flex solutions SA and it now owns 90% of the share capital of i-flex solutions SA. Accordingly i-flex solutions SA has become a step down subsidiary of the Company.
Date: 2007-08-24 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that "i-flex solution SA, Greece was incorporated in May, 2007 with an investment of 35% in its equity share capital by i-flex solutions BV, Netherlands, a subsidiary of the Company. i-flex solutions BV has now acquired additional equity shares of i-flex solutions SA and it now owns 90% of the share capital of i-flex solution SA. Accordingly i-flex solutions SA has become a step down subsidiary of the Company". Date: 2007-08-24 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the change in his shareholding as below: Name of the Employee: Mr. S Hariharan, Date of Transaction: 8-Aug-07, No. of Shares Sold: 1105, Date of Intimation to the Company: 14-Aug-07". Date: 2007-08-20 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 24, 2007, inter alia, to consider the allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-08-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in his shareholding as below: Name of the Employee: Mr. Prabhakar Venkat Ravoori, Date of Transaction: 30-Jul-07, No. of Shares Bought through ESOP: 400, Date of Intimation to the Company: 1-Aug-07". Date: 2007-08-02 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2007, inter alia, has allotted 14,725 ESOP equity shares of face value of Rs 5/- each to the applicant employees of the Company.
Date: 2007-07-30 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the quarter ended June 30, 2007:
The Company has posted a net profit of Rs 582.00 million for the quarter ended June 30, 2007 as compared to Rs 355.50 million for the quarter ended June 30, 2006. Revenue has increased from Rs 3083.90 million for the quarter ended June 30, 2006 to Rs 3846.40 million for the quarter ended June 30, 2007.
The following consolidated results as per GAAP:
Consolidated Results as per Indian GAAP:
The Group has posted a net income of Rs 367 million for the quarter ended June 30, 2007 as compared to Rs 351 million for the quarter ended June 30, 2006. Revenue has increased from Rs 4033 million for the quarter ended June 30, 2006 to Rs 5133 million for the quarter ended June 30, 2007.
Consolidated Results as per US GAAP:
The Group has posted a net income of Rs 415 million for the quarter ended June 30, 2007 as compared to Rs 415 million for the quarter ended June 30, 2006. Revenue has increased from Rs 4075 million for the quarter ended June 30, 2006 to Rs 5320 million for the quarter ended June 30, 2007.
Speaking on the occasion, N R K Raman, CEO and Managing Director, of the Company, "We continue to enjoy strong traction with large global accounts especially in Europe and Japan. We are witnessing significant cross sell of our product and service offering to our current installed base. We are also making rapid progress in delivering the joint solution footprint along with Oracle Financial Services Global Business Unit (FSGBU), thus sustaining our leadership position in the market".
Date: 2007-07-30 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that out of the projected utilisation of IPO proceeds of Rs. 17,808 lacs, the company has utilised funds of Rs. 16,584 lacs for its infrastructure projects at Mumbai and Bangalore and for other purposes. Date: 2007-07-30 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on July 30, 2007 the Directors have: (1) Allotted 14,725 ESOP equity shares of face value of Rs.5/- each to the applicant employees of the Company. Further the Company has submitted a copy of press release dated July 30, 2007, titled "i-flex (R) posts 31% growth in revenues YoY for the quarter ended June 2007; 48% growth in US$ terms". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-07-30 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 38464 lacs for quarter ending on 30-JUN-2007 against Rs. 45159 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 5820 lacs for the quarter ending on 30-JUN-2007 against Rs. 12712 lacs for the quarter ending on 31-MAR-2007. Date: 2007-07-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 30, 2007, inter alia, to consider the following:
1. To adopt un-consolidated Indian GAAP Accounts for the quarter ended June 30, 2007 (Q1).
2. To consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-07-23 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 18, 2007, titled "Equinox Announces the Launch of iGPM - a Paperless Global Processing Model for Mortgage Bankers". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-07-18 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Equinox, the business process outsourcing arm of the Company on July 18, 2007 launched iGPM (i-flex Global Processing Model), a fully managed end-to-end electronic loan processing solution for Mortgage Bankers.
iGPM makes lending completely paperless while automating workflow of all tasks in the loan origination process. iGPM is based on image driven work flow technology and a sophisticated rules engine that allows mortgage bankers to leverage distributed processing for end-to-end loan fulfillment. It enables paperless loan processing on a global scale with the use of an optimum mix of onshore and offshore resources, location independent processing and a bundled technology platform.
Don Ganguly, CEO of Equinox says,"iGPM will revolutionize the way mortgage lenders process and service loans and they will realize a significant increase in productivity and reduction in processing costs. The introduction of iGPM underscores Equinox''s leadership in the global Mortgage Process Outsourcing."
Equinox has been rated the No 1 Outsourcing vendor to the Mortgage Banking industry by The Black Book of Outsourcing in 2006.
"The tough mortgage processing environment needs breakthrough solutions like iGPM. Banks that adopt this solution can stand out among the competition and ultimately enjoy increased profitability," added Mahesh Rao, CEO of i-flex Processing Services Ltd. I-flex Processing Services Ltd is responsible for the expansion of i-flex into the areas of KPO and BPO in the financial services industry.
According to a study by Avendus, in 2005, 10.5 million residential mortgages were originated in the United States. With the average cost of originating a mortgage at $1505, lenders spent $15.8 billion in origination processing costs in 2005. A combination of Technology and Best Shores Processing can save customers up to 50% on their current costs. The addressable market for Best shores origination processing alone is around $5.7 billion. iGPM can cater to this opportunity significantly and will change the way outsourcing and offshoring is done.
This solution can help mortgage banks differentiate themselves by delivering quality loan processing with real time visibility and faster turn around times at a lower cost. As a result, banks will build more profitable customer relationships and increase customer loyalty.
This fully managed end-to-end loan processing solution includes origination processing post closing, and servicing processes. It additionally offers day-to-day management of all loans and proactive monitoring through a high-end, secure software environment. It can work seamlessly with the lender''s current Loan Origination System. Lenders also have the option of using the Company''s state-of-the-art Loan Processing Platform and an optimum mix of onshore and offshore resources. All this is on a pay per loan basis.
Date: 2007-07-18 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 12, 2007, titled "Oracle and Reveleus Announce SunTrust Banks'' Selection of Reveleus Basel II Solution". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-07-13 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Reveleus™, a business of the Company and a global provider of analytical applications for the financial services industry, and Oracle on July 12, 2007 announced that SunTrust Banks, Inc one of the largest banking organizations in North America, has selected the Reveleus Basel II Solution as a central component of its planned adherence to the Basel II capital adequacy regulations. The solution will help deliver sophisticated risk management capabilities that support the needs of the business, enable risk-enlightened management and the optimal allocation of capital. The solution will span all activities of the Bank including Consumer, Commercial, Mortgage, Private Clients and Capital Markets.
This engagement is under the auspices of the strategic Basel II reseller agreement between Oracle and Reveleus and enables SunTrust to reap the benefits of the close alliance between the two organizations. Oracle is a majority owner of the Company.
The Basel Committee on Banking Supervision is an arm of Switzerland-based Bank for International Settlements, which has defined the Basel II capital adequacy requirements for global banks. One of the committee’s principal goals is to reduce risk in the financial system worldwide by aligning each bank''s capital requirements to more accurately reflect its credit, market and operational risks.
Commenting on the customer win, S. Ramakrishnan - CEO of Reveleus and Mantas, said, "The Reveleus Basel II Solution, will help SunTrust to enhance its business process that deals with the complexities of risk management and capital allocation. In addition, customers like SunTrust see Reveleus as the foundation element in their Risk and Finance analytic capability strategy."
Date: 2007-07-13 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 11, 2007, titled "SWIFT Accredits i-flex as a Service Partner". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-07-11 |
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Source: BSE - i-flex Solutions Ltd has announced that SWIFT, the globally renowned industry-owned co supplying secure, standardized messaging services and interface software to financial institutions, has accredited the i-flex® solutions (Reuters: IFLX.BO & IFLX.NS), as a Service Partner.
With this accreditation, Company becomes the only organization in India that is accredited both as a SWIFT Service Partner and a SWIFT Solution Partner providing SWIFT labeled applications. SWIFT Service Partners deliver consultancy services, implementation services around SWIFT products, and offer technical assistance in SWIFT connectivity implementations.
V Shankar, Executive Vice President, PrimeSourcing™, of the Company said, "This is an important step in our continuous pursuit to help our clients maximize the use of technology in their operations. The SWIFT accreditation adds creditability to i-flex''s already established SWIFTNet support and consulting offerings and will help us optimize our customer''s SWIFT usage and increase their returns from SWIFTNet investments."
The Company''s comprehensive SWIFTNet offerings include SWIFTNet infrastructure support, FLEXCUBE SWIFTNet Services Integrator (FLEXCUBE SSI) suite of SWIFTNet products and consultancy services providing a one-stop solution for the entire SWIFT messaging requirements for banks and financial institutions.
Since 2006, the Company has deployed the FLEXCUBE SSI solution as a strategic SWIFTNet Messaging Hub for its customers. Oracle and the Company together help corporates manage their payments and cash / account management relationship with banks over SWIFTNet, using the FLEXCUBE SSI solution, providing operational and cost efficiencies.
In addition, Company’s core banking solution, FLEXCUBE, has also been awarded the SWIFTReady Silver 2007 Label for complying with SWIFT Criteria for Its Payments application.
The Company supports many tier-one banks in their SWIFTNet initiatives such as SWIFTNet phase 2 migration and the implementation of various SWIFTNet business solutions. With this accreditation, Company, with its certified SWIFT expertise, is strongly positioned to offer SWIFT Services to SWIFT users globally.
Date: 2007-07-11 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated Directors / employees of the company have intimated the changes in their shareholding as below: Sr. No: 1., Name of the Director/Employee : Mr. R Ravisankar - Director, Date of Transaction: 26-Jun-07, No. of Shares Sold: 25,000, Date of Intimation to the Company: 2-Jul-07; Sr. No: 2, Name of the Director / Employee : Mr. Deepak Ghaisas - Director, Date of Transaction: 29-Jun-07, No. of Shares Sold: 7,648, Date of Intimation to the Company: 3-Jul-07; Sr. No: 3, Name of the Director / Employee : Mr. Vivek Govilkar, Date of Transaction: 30-Jun-07, No. of Shares Sold: 1,000, Date of Intimation to the Company: 4-Jul-07; Sr. No: 4, Name of the Director / Employee : Mr. Nandu Kulkarni, Date of Transaction: 29-Jun-07, No. of Shares Sold: 1,000, Date of Intimation to the Company: 6-Jul-07, Date of Transaction: 2-Jul-07, No. of Shares Sold: 1,000, Date of Intimation to the Company: 6-Jul-07; Sr. No: 5, Name of the Director / Employee : Mr. Prasannavadanan Thampi, Date of Transaction: 6-Jul-07, No. of Shares Sold: 200, Date of Intimation to the Company: 6-Jul-07". Date: 2007-07-09 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Mr. Sam Bharucha, Director of the company, has been allotted 2,000 Equity Shares and has intimated the changes in the shareholding as below: 1) Name of the Director - Mr. Sam Bharucha; 2) Date of Transaction - 04-Jul-07; 3) No of Shares bought through ESOP - 2,000; 4) Date of Intimation to the Company - 05-Jul-07". Date: 2007-07-09 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Company has announced Book Closure from August 20, 2007 to August 24, 2007, both days inclusive for the purpose of Annual General Meeting scheduled to be held on August 24, 2007. Date: 2007-07-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange on July 04, 2007 that: "The meeting of Directors of the Company was held today in Mumbai and the Directors have allotted 3,800 ESOP shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company. In this lot 2,000 shares have been allotted to Mr. S. P. Bharucha, Director of the Company". Date: 2007-07-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 20, 2007 to August 24, 2007 (both days inclusive).
Date: 2007-07-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 04, 2007, inter alia, has allotted 3,800 ESOP shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
In this lot 2,000 shares have been allotted to Mr. S P Bharucha, Director of the Company.
Date: 2007-07-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated July 03, 2007, titled "Sakana Implements i-flex''s FLEXCUBE for Islamic Banking to Enhance Customer Service - Fifth Islamic Financial Institution in the Middle East to Use FLEXCUBE". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-07-03 |
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Source: BSE - i-flex Solutions Ltd on July 03, 2007 has announced that Sakana Holistic Housing Solutions BSC®, an Islamic financial institution based in Bahrain has completed implementation of FLEXCUBE® for Islamic Banking, for its mortgage financing operations. Sakana is the fifth financial institution in the Middle East to use the universal IT banking solution for Islamic financing.
FLEXCUBE for Islamic Banking provides a back-office processing environment for Islamic financial products. It supports all transaction and investment processes including calculations and payments, deployment and tracking of funds, and asset valuations. Ultimately, the customer benefits as it helps financial institutions to cut processing costs, respond faster to market needs, improve service levels and considerably reduce risk.
Sakana selected FLEXCUBE because of its comprehensive functionality and contemporary technology offering flexibility and ability to scale for Islamic financing operations as Sakana continues its rapid growth. FLEXCUBE can support complete lifecycle processing of a wide range of transactions and is compliant with Islamic financing principles.
Mr. Joseph John, Executive Vice-President, Universal Banking Products of the Company said: "i-flex views the lending opportunity, in particular the Islamic mortgage finance market, with great seriousness. As an emerging and rapidly expanding company, Sakana is a prestigious win for us in the region. We are confident that the recently completed FLEXCUBE implementation will provide Sakana with the edge to maintain its existing market lead by staying ahead of the competition."
Formed as a partnership between BBK and Shamil Bank, two of Bahrain''s leading financial institutions, Sakana provides solutions to the real estate and housing sectors in Bahrain by offering mortgage finance, property development, brokerage and management, as well as project financing.
Date: 2007-07-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employees of the company have intimated the changes in their shareholding as below: 1) Name of the Employees - Mr. Kishore Kapoor; Date of Transaction - 21-Jun-07; No of Shares Sold - 6,500; Date of Intimation to the Company - 25-Jun-07. 2) Name of the Employees - Mr. Kapil Gupta; Date of Transaction - 25-Jun-07, No of Shares Sold - 700, Date of Intimation to the Company - 26-Jun-07; Date of Transaction - 26-Jun-07, No of Shares Sold - 200; Date of Intimation to the Company - 27-Jun-07". Date: 2007-07-02 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Oracle and the Company on June 28, 2007 announced general availability of i-flex’s FLEXCUBE for Corebanking on the IBM System z mainframe, running on Linux with the Oracle infrastructure software stack - including Oracle® Database and Oracle Application Server. By supporting IBM System z mainframe, Oracle and the Company provide banks, running critical core business applications on the mainframe, new flexibility to take advantage of industry-leading the Company and Oracle technology.
This offering, which delivers the enhanced reliability, agility and security that the banking industry requires, builds on the October 2006 Oracle, the Company and IBM announcement of an agreement to provide joint banking customers with cohesive infrastructure, services and support for enterprise applications, core banking and risk management. Expanding on customer options, FLEXCUBE for Corebanking is also compatible with IBM System z mainframe operating systems.
"Financial institutions are balancing requirements to control global costs while enhancing responsiveness to rapidly capitalize on new growth opportunities," said Rajesh Hukku, Senior Vice President and General Manager, Oracle Financial Services Global Business Unit and Chairman at the Company. "Oracle''s increased leverage of the i-flex core banking applications to provide support for zLinux reflects the Company''s commitment to provide financial services Companies with applications and additional mainframe options that help accelerate development of new products and services while and enhancing the value of existing systems."
Date: 2007-06-28 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 28, 2007, titled "Oracle and i-flex solutions Announce Full Oracle Stack Support for IBM System z Mainframe Platform". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-06-28 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 04, 2007, inter alia, to consider the following:
1. To approve Book Closure dates.
2. To consider allotment of shares to the eligible employees who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-06-28 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 27, 2007, titled "Mantas Takes First Place in Waters Rankings for Anti-Money Laundering Solidifies "Gold Standard" Position After Consecutive wins in 2005 and 2004". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-06-27 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Mantas, a business of i-flex® solutions and a provider of regulatory compliance, loss prevention and revenue generation solutions, on June 27, 2007, announced that it won the fifth annual Waters Ranking for Best Anti-Money Laundering (AML) Solution.
The award is voted on by the subscribers of Waters, the monthly magazine that covers information technology and solutions in the financial services industry. Waters is recognized as the leading publication in this area. Nearly 600 subscribers of Waters voted in this year''s rankings. The AML category generated the largest number of votes cast by financial professionals across two dozen categories, and Mantas won by a sizeable margin.
Mantas Anti-Money Laundering, provides automated, comprehensive, and consistent surveillance of accounts, customers, and correspondents across all business lines for suspicious activities and possible money laundering. Mantas has long been considered the "gold-standard" in AML solutions based on a history of successful implementations at many of the world’s leading financial institutions such as ABN Amro, Barclays Capital, Charles Schwab, and Merrill Lynch.
Mantas has also won a string of Waters awards, including consecutive victories for AML in 2005 and 2004 and Best Compliance Solution in 2003.
"Mantas continues to work hard to ensure our products, including the Mantas AML solution, meet the demanding needs of our customers and the financial services market in general. Mantas AML and our other solutions from Mantas and Reveleus are designed to give our customers confidence in their processes to control risk, manage compliance and prevent fraud. It is gratifying that our solutions also give our customers confidence in us," notes Stephen Epstein, Vice President and Head of Product Management for Mantas.
Date: 2007-06-27 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that following designated employees of the Company have intimated the changes in their shareholding as below: 1) Name of the Employees: Mr. R. Ravisankar, Date of Transaction: 15-Jun-07 - 16,429 shares sold & 18-Jun-07 - 8,571 Shares sold, Date of Intimation to the Company: 19-Jun-07; 2) Name of the Employees: Mr. Makarand Padalkar, Date of Transaction: 19-Jun-07, No of Shares Sold: 8,000, Date of Intimation to the Company: 20-Jun-07; 3) Name of the Employees: Mr. Manmath Kulkarni, Date of Transaction: 19-Jun-07, No of Shares Sold: 1,000, Date of Intimation to the Company: 20-Jun-07; 4) Name of the Employees: Mr. Deepak Ghaisas, Date of Transaction: 19-Jun-07 - 10,000 shares sold & 20-Jun-07 - 7,352 shares sold, Date of Intimation to the Company: 21-Jun-07. Date: 2007-06-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding three press releases dated June 21, 2007, titled (1) Oracle Financial Services Global Business Unit to Deliver Comprehensive and Integrated Solutions Suite to Banking, Insurance and Capital Markets (2) Oracle Introduces Process Integration Pack for Banking Account Origination to Help Banks Accelerate Deployment of Front-to-Back-Office Solution and Boost return on Investment (3) Oracle and i-flex solutions Announce Certification of i-flex''s FLEXCUBE with Oracle(R) Access Manager." A copies of the press releases shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-06-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Oracle and the Company on June 21, 2007 has announced that the latest release of the Company''s FLEXCUBE® is now certified with Oracle® Access Manager, a key component of Oracle Identity Management and Oracle Fusion Middleware. Financial services institutions deploying FLEXCUBE, the world''s number one selling universal banking solution for five consecutive years, are now able to leverage Oracle''s leading identity management capabilities in Oracle Access Manager to protect and secure access to the FLEXCUBE application.
FLEXCUBE''S support of the web-based Oracle Access Manager allows organizations to utilize industry leading single sign-on capabilities with their enterprise-wide applications while simplifying administration and enhancing productivity. A component of Oracle''s comprehensive identity and access management offerings, Oracle Access Manager enables users to log into any application or system once and gain secure access to a broad range of IT resources. Built on a standards-based architecture, Oracle Access Manager provides organizations with the software to centrally authenticate, authorize and audit access across Oracle and non-Oracle applications.
"Oracle Fusion Middleware components offer enormous benefits to the financial services industry. Oracle Identity Management reduces complexity and enhances customer satisfaction in a multi-application environment," said Joseph John, executive vice president, Banking Products, of the Company.
Oracle Access Manager helps organizations improve security, increase efficiencies and streamline regulatory compliance. Through a standards-based, integrated architecture, the product combines identity management and access control services to provide centralized authentication, policy-based authorizations and auditing with rich delegated identity administration and workflows. Protecting resources at the point of access and delegating authentication and authorization decisions to a central authority, Oracle Access Manager helps secure Web, Java EE and enterprise applications while reducing costs, complexity and administrative burdens.
Date: 2007-06-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that, on June 21, 2007 Oracle has announced the Oracle Process Integration Pack for Banking Account Origination, specifically developed for the financial services industry. This packaged integration between Oracle''s Siebel CRM and the Company''s FLEXCUBE will enable banks to speed deployment of a complete front-to-back-office solution and accelerate their return on investment. The integration pack will also support key processes that make it easier for banks to achieve a single view of the customer, streamline account opening and fulfillment as well as facilitate selective service request management.
The Oracle Process Integration Pack for Banking Account Origination is part of the Oracle Application Integration Architecture, an open, standards-based platform based on Oracle Fusion Middleware SOA Suite for composite business processes across Oracle, third-party and custom applications. The integrated product is intended to seamlessly tie together two best-in-class applications to help banks improve the level and consistency of customer service across all delivery channels.
Using a single Siebel CRM screen, bank agents can see contact details from Siebel CRM and financial account details from FLEXCUBE, allowing staff members to provide informed and prompt service without the delays associated with navigating multiple screens. With a pre integrated front-to-back-office application, retail banks can achieve instant value from theft investment in Siebel CRM and the Company''s FLEXCUBE.
Using the best-in-class functionality offered by the Oracle Fusion Middleware SOA Suite, the new process integration pack orchestrates Web services to create a seamless cross-application business process for account origination. The integrated process accelerates account origination and allows agents to create new customers and / or accounts quickly by capturing customer and account details, as well as funding, using Siebel CRM. The solution then automatically transfers this information to the Company''s FLEXCUBE for booking. Service request management also becomes more efficient as the Siebel screens automatically update the appropriate information in both Siebel CRM and FLEXCUBE. These pit-built service request business processes include financial account address changes, statement copy requests and term deposit rollovers - further expediting customer service.
Date: 2007-06-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that, on June 21, 2007 Oracle has announced that its new Financial Services Global Business Unit will provide an integrated suite of standards-based industry specific applications for banks, insurance companies and capital markets firms. The Company also introduced new solutions for the financial services market that deliver Oracle''s industry-leading software across an open IT infrastructure.
With more than 12,000 employees and 300 products, the business unit is based in New York City and is focused on delivering adaptive business processes for the financial service industries as customers move to commercial off-the-shelf software. It combines industry-best practices, with pre-built, sustainable integration across applications built on a service-oriented architecture (SOA) that provides a framework for continuous innovation Customers will also have access to the most comprehensive range of vertical applications for financial services, together with a rapidly growing community of Oracle financial services experts and partners to ensure effective solution delivery. Together with an ecosystem of over 2,100 partners, Oracle currently serves 8,500 financial services customers.
New Integrated Business flow Capabilities :
Central to Oracle''s strategy to provide a seamless infrastructure and application platform for financial services is Oracle Application Integration Architecture - an open, standards-based platform for business process management across Oracle, third-party and custom applications. Oracle Application Integration Architecture features pre-built integrations across Oracle Enterprise Resource Planning (ERP), customer relationship management (CRM), the Company''s FLEXCUBE, Daybreak and vertical industry applications using a common object model and an open, Business Process Execution Language (BPEL) platform based on Oracle BPEL Process Manager.
Executing on this approach, Oracle, on June 21, 2007 has announced its Process Integration Pack for Banking Account Origination. This solution will provide pre-integrated business flows between Siebel CRM and ELEXCUBE, allowing banks to speed deployment of a complete front-to-back-office solution and accelerate their return on investment. The integration pack also includes processes that make it easier for banks to achieve a single view of the customer, streamline account opening and fulfillment processes as well as facilitate selective service request management.
Extended Security and Platform Support:
Expanded Oracle and the Company''s pre-configuration is simplifying implementation and management of global applications. On June 21, 2007, Oracle and the Company has announced that the latest release of FLEXCUBE, is now certified with Oracle Access Manager, a key component of Oracle Identity Management and Oracle Fusion Middleware. This certification helps financial services institutions to more effectively protect and secure FLEXCUBE deployments by creating centralized, consistent access policies using Oracle''s leading identity and access management solutions.
Addressing Specific Financial Services Requirements:
Oracle''s front-office applications provide a customer centric, multi-channel approach to delivering sales, service and financial transaction support enabling financial institutions to unlock the value of each customer interaction. Recently introduced applications tailored for the financial services industry include :
- Oracle Claims is a comprehensive solution that delivers end-to-end Web-based management of the entire insurance claims lifecycle. Oracle Claims enables straight - through - processing, helping insurance carriers reduce claims resolution time and costs. It also supports rules-based claims processes that drive best practice enforcement and helps carriers streamline compliance and enhance customer service.
- Siebel CRM On Demand Financial Services Edition - Wealth Management Solution is the first hosted CRM solution designed specifically for financial advisors. It enables financial planners and wealth advisors to better leverage theft clients'' profile and portfolio information to identify cross-sell and up opportunities, improve customer retention and increase wallet share with their customers. Incorporating best practices in the financial services industry, Siebel CRM On Demand Financial Services Edition - Wealth Management Solution empowers advisors with the tools and insight to optimize theft production and assets under management.
- Oracle Financial Services Profitability Analytics enables banks to use business intelligence to more effectively manage their operations and business performance through insight-driven actions, while reducing total IT cost and complexity. Oracle Financial Services Profitability Analytics integrates Oracle Financial Services Applications (OFSA) and Oracle Business Intelligence Suite Enterprise Edition l0 g Release 3 (Oracle Business Intelligence Suite EE). The integrated solution - which allows access to information through virtually any medium, including alerts, dashboards, reports and RSS feeds - helps users understand how actions taken in one area of the business affect the performance of other areas. As important, out-of-the-box integration helps to facilitate deployment and reduce total cost of ownership because it eliminates the need for custom-built interfaces between OFSA and Oracle Business Intelligence Suite EE.
Date: 2007-06-22 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 21, 2007, titled "i-flex Consulting announces Methodology and Self Assessment Toolkit for Basel IA". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-06-21 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that i-flex Consulting™, a division of the Company, on June 21, 2007 announced the availability of a methodology and a self-assessment tool kit for Basel IA which is drawn from i-flex''s enormous experience in Basel II implementation. This is the industry''s first Basel IA implementation solution and aims to offer.
- A structured mechanism for analyzing the strategic opportunities and challenges underlying the proposed Basel IA reforms and their implications for a bank''s regulatory and business environments.
- A sound methodology to analyze the current risk systems and risk management processes, and identify gaps with respect to the Basel IA framework and best practices.
- A detailed implementation plan / roadmap describing the pivotal projects to be executed to achieve compliance along with a comprehensive view of timeframes, milestones, investment, payback schedules and resource / infrastructural requirements.
- An understanding of benefits that would accrue to a bank beyond compliance, in terms of business advantage, better risk management and risk based pricing.
The self-assessment tool kit and the methodology document are available for roll-outs instantly.
Speaking on the methodology, Vijay Sharma, Head, i-flex Consulting said, "i-flex strongly supports the endeavor of the Agencies to develop a more risk-sensitive framework for capital estimation. The i-flex Basel IA framework would enable small to mid-tier and regional banks to transition toward a more effective risk-based capital system within reasonable budgets and a realistic time-frames. This would help remove some of the competitive disadvantage of this segment of banks vis-à-vis the Basel II banks."
As part of this initiative, i-flex Consulting also announces a series of workshops to be conducted in the United States. The first workshop is scheduled on June 21, 2007 in Midtown Manhattan, New York City.
I-flex Consulting has the following offerings for Basel IA:
- Strategy and Gap analysis
- Implementation management and systems integration
- Disclosures and reporting requirements
Date: 2007-06-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that following designated employees of the Company have intimated the changes in their shareholding as below: Sr. No. 1.: Name of the Employees : Mr. Kishore Kapoor, Date of Transaction : 11-Jun-07, No of Shares sold: 4000, Date of Intimation to the Company: 14-Jun-07; Sr. No. 2.: Name of the Employees : Mr. Deepak Ghaisas, Date of Transaction : 14-Jun-07, No of Shares sold: 25000, Date of Intimation to the Company: 14-Jun-07. Date: 2007-06-18 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in his shareholding as below: (1) Name of the Employee :- Mr. Milind Soman; Date of Transaction: 05-Jun-07; No. of Shares Sold :- 200; Date of Intimation to the Company: 08-Jun-07". Date: 2007-06-12 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employees of the company have intimated the changes in their shareholding as below: (1) Name of the Employees :- Mr.Makarand Padalkar; Date of Transaction: 31-May-07 ; No. of Shares Sold :- 1,700; Date of Intimation to the Company: 06-Jun-07, (2) Name of the Employees :- Mr.Manmath Kulkarni; Date of Transaction: 05-Jun-07 ; No. of Shares Sold :- 1,000; Date of Intimation to the Company: 06-Jun-07". Date: 2007-06-08 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated June 07, 2007, titled "i-flex solutions Partners with Bharosa to Offer its Banking Customers Uncompromising Protection Against Online Fraud; Solution to Help Financial Institutions Thwart Latest Internet-enabled Identity Theft and Fraud Schemes". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. Date: 2007-06-08 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Bharosa and the Company on June 07, 2007 will collaborate to provide joint banking customers with advanced security solutions to combat the growing threat of consumer identity theft and fraud on the Internet. Bharosa will enable the Company to add real-time fraud detection and multiple forms of authentication security to its FLEXCUBE retail banking product. The joint solution will safeguard consumers'' online identity and transactions against the latest forms of online threats, including phishing, spyware, and malicious computer bots.
As part of its security strategy, the Company will offer fraud detection and authentication capabilities from Bharosa to provide an enhanced security offering for its rapidly growing customer base as well as for customers of its outsourced offering through Financial Services Inc. (FSI). Bharosa, an award-winning, privately held Silicon Valley Company has quickly joined the ranks of the industries'' largest security providers and is now securing over 25 million users in over 1,000 enterprises worldwide.
"i-flex strives to deliver the world-class performance, reliability and security banks require," said George Thomas, Vice President - Customer Fulfillment & Solution Architecture - of the Company. "By combining Bharosa''s offering with our FLEXCUBE retail banking platform, we can enable a more robust, yet seamless protection against the most sophisticated fraud attacks."
Online identity fraud is plaguing many industries, with financial services one of the most targeted. The Federal Trade Commission estimates 4.7% of the U.S. population, or 10 million people, were victims of identity theft in the last year, with total losses of US$ 53 billion. Growing consumer awareness is having a negative impact on online banking. According to the Gartner Group research firm, approximately 33 million U.S. adults do not bank online because of security concerns.
Using the joint solution by Bharosa and the Company, institutions can defend against the latest fraud threats, including account takeover schemes and man-in-the-middle attacks to restore trust in Internet transactions and grow the online channel. The combined offering will utilize advanced authentication and fraud detection to score risk and alert organizations in real time to potential fraud threats. In addition, the joint solution enables Companies to employ a range of security options to meet diverse user requirements or upgrade to higher levels of protection as threats increase without reinvesting in infrastructure.
Date: 2007-06-08 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in his shareholding as below: (1) Name of the Employee: Mr.Manmath Kulkarni ; Date of Transaction: 01-Jun-07 ; No. of Shares Sold :- 1,000; Date of Intimation to the Company: 04-Jun-07". Date: 2007-06-05 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in his shareholding as below: (1) Name of the Employee: Mr. R. Ravisankar ; Date of Transaction: 24-May-07; No. of Shares Sold :- 25,000; Date of Intimation to the Company: 29-May-07". Date: 2007-05-29 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 22, 2007, titled "Public Bank selects i-flex Consulting for Basel II and Credit Risk Business Consulting Services". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-05-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Public Bank, the third largest banking group in Malaysia, on May 22, 2007 announced that it has selected i-flex consulting to provide Credit Risk Management and Basel II consultancy. This consulting assignment, covering the Public Bank Group''s Malaysia and Hong Kong operations, will help Public Bank further enhance its credit risk management function, establish data requirements for Basel II, and draw up an implementation plan to meet its compliance objectives.
Basel II is the revised international capital framework to align the capital adequacy requirement of banking institutions with key elements of the banking risks i.e. credit, market and operational risk. Public Bank expects this project to outline its future move towards the Basel II Advanced Internal Ratings Based approach.
i-flex consulting is the consulting division of i-flex solutions®, a leading provider of IT solutions to the global Financial Services Industry, i-flex solutions and its divisions, Reveleus and i-flex consulting are the global leaders in Basel II compliance solutions and consulting.
Commenting on the selection, Kishore Kapoor, CEO, i-flex solutions pte ltd said, "i-flex today offers the most comprehensive range of solutions and services to enable banks to meet regulatory requirements and build a risk and compliance framework that enhances competitive advantage. We are confident that our team of experienced risk management consultants will deliver an engagement that meets the commendable risk management objectives that Public Bank has set for itself."
Date: 2007-05-22 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Mantas Inc., a business of the Company and a provider of regulatory compliance, loss prevention and revenue generation solutions, announced that Korea Exchange Bank, the country''s largest foreign exchange bank, has purchased the Mantas Anti-Money Laundering Solution. Mantas was selected because of its reputation and expertise in designing solutions to meet global regulatory demands.
Korea Exchange Bank sees Mantas as a comprehensive AML solution designed to meet upcoming Korean AML regulations as well as enable the bank to expand its international business in Asia, Europe, and the U.S. In the super-charged competition for market share, institutions simply cannot risk the damage to reputation and client trust that result from financial abuse and illicit activity.
"Korea Exchange Bank''s requirement to meet local and global AML regulations is indicative of a growing customer segment we serve. Big multinational institutions like Citibank, Credit Suisse, and ABN Amro have been using Mantas AML for several years because we provide a platform approach and offer multiple products, as well and analytics, data mining, and intelligent technologies. The Mantas platform, with its proven ability to meet global regulatory demands and strong double-byte enablement purpose- built to serve the demands of an Asian bank, provides unparalleled ability to future-proof their compliance initiatives and grow their business," said S. Ramakrishan, CEO for Mantas and Reveleus.
In addition to Korea Exchange Bank, Mantas has seen an increase in new AML customers including FirstBank of Nigeria, that country''s largest bank; Habib Bank Ltd., the largest bank in Pakistan; and others.
Mantas Anti-Money Laundering mitigates risk with comprehensive, enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviors. The system''s unique ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows Anti Money Laundering and compliance officers to distinguish fraudulent from legitimate transactions.
Date: 2007-05-21 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 21, 2007, titled "Korea Exchange Bank selects Mantas Anti-Money Laundering; First Korean Bank to Select Automated AML Surveillance Solution". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-05-21 |
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Source: BSE - i-flex Solutions Ltd on May 16, 2007 has announced the successful deployment of FLEXCUBE® for Islamic Banking across the Middle East. These developments underscore the Company''s commitment to the global Islamic Banking industry.
- Dubai Islamic Bank, the world''s first fully-fledged Islamic bank, is already live with FLEXCUBE in locations outside Dubai while the implementation of FLEXCUBE for its Dubai operations is underway
- Sakana Holistic Housing Solutions will use FLEXCUBE for Islamic property financing in Bahrain
- The Company''s first customer for FLEXCUBE for Islamic Banking in the Middle East, Shamil Bank in Bahrain has already gone live using the product as has Tamweel that provides Islamic housing finance
- A large Islamic Bank under formation in United Arab Emirates has chosen FLEXCUBE as its core banking platform.
The Company also announced the appointment of Jamil bin Hassan, an Islamic Banking Technology Expert and Thought Leader, as Principal Consultant for the Islamic Banking practice at the Company.
Speaking on the growth of Islamic Banking and the opportunity for the Company, Joseph John, Executive Vice President for Universal Banking Products at the Company said, "Islamic Banking is the fastest growing asset class in the region with estimated US$ 750 billion of assets under management, recording a growth of 150% in 2006 alone. Along side, banks are keen to standardize their operations and provide a unified customer experience, achieve compliance and innovate. These challenges provide an opportunity to i-flex solutions with our cutting-edge product suite which has been developed specifically for Islamic Banking."
Date: 2007-05-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated May 16, 2007, titled " Deployments in the Middle East highlight i-flex''s Islamic Banking capability and leadership. Renowned Islamic Banking Technology Expert, Jamil bin Hassan joins i-flex solutions". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-05-16 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Reveleus™, a business of the Company and a leading global provider of analytical applications for the financial services industry announced on May 04, 2007 that four banks and one NBFC in India - Union Bank of India, Indusind Bank, HDFC Bank, UTI Bank and Fullerton India Credit Company are implementing various modules of its Basel II Solution, covering Credit, Market and Operational Risk.
Reveleus’ Basel II Solution, with its pre-built rules framework for determining capital adequacy, helps banks reduce the cost and complexity of compliance. It addresses all three pillars of Basel II: capital adequacy calculations, supervisory oversight and market discipline.
Worldwide Tier 1 clients such as Citibank, Wachovia, Wells Fargo, Lloyds TSB and Bank of Montreal have chosen the Reveleus’ Basel II Solution and $2.7 trillion of North American banking assets flow through the Reveleus Basel II engine.
Gartner’s Basel II Risk Management Application Software Magic Quadrant has placed Reveleus in the Leaders Quadrant. The Tower Group has also ranked Reveleus’ Basel II solution amongst the best in the risk management domain.
In India, HDFC Bank, Indusind Bank, Union Bank of India and UTI Bank will be implementing different approaches for Credit and Market Risk under Basel II, using Reveleus. Fullerton India Credit Company is implementing the Reveleus Operational Risk solution.
"Although the Reserve Bank of India has stipulated that banks need to only comply with the Standardized Approach, many of these banks have also chosen to implement both the Standardized Approach and the more demanding Advanced Internal Ratings-Based (AIRB) Approach for Credit Risk" said S Ramakrishnan, CEO, Reveleus.
"The selection of Reveleus by leaders in the Indian banking industry validates our vision, to holistically address the Credit, Operational and Market Risk requirements for global financial institutions. We are committed to ensuring that Indian Banks can accurately measure and manage their capital requirements," Added S Ramakrishnan.
The attractiveness of Reveleus for banks is enhanced because it solves one of the most challenging requirements of Basel II - a pooling mechanism for the retail portfolios of banks. This is being implemented at India''s premier private sector bank.
As banks have large retail portfolios consisting of millions of borrowers, the process of polling retail assets is extremely challenging. Banks need to create homogenous pools of retail assets that share similar risk characteristics, for instance, housing loans whose borrowers have a similar income, age and work profiles. Further, the regulators (RBI) need to validate that the pools they have created are truly homogenous. Reveleus has created such a model and algorithms, that enables banks to both create such pools and also to be demonstrate its validity to regulators.
Date: 2007-05-04 |
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Source: NSE - -Flex Solutions Limited has informed the Exchange regarding a press release dated May 04, 2007, titled "Reveleus Leader in Basel II Application Market in India Addresses Needs of All Banks in India". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-05-04 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 01, 2007, has appointed following persons as Additional Directors:
1. Mr. Derek Williams, Mr. R Ravisankar, Mr. Deepak Ghaisas and Mr. N R K Raman.
2. Mr. N R K Raman is appointed as Managing Director and Chief Executive Officer of the Company subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.
3. Mr. Rajesh Hukku ceases to be the Managing Director of the Company and continues as non-executive Chairman of the Company.
Mr. Makarand Padalkar is appointed as the Chief Financial Officer of the Company.
Date: 2007-05-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 1, 2007, have appointed following persons as Additional Directors : (1) Mr. Derek Williams, Mr. R. Ravisankar, Mr. Deepak Ghaisas and Mr. N. R. K. Raman. (2) Mr. N. R. K. Raman is appointed as Managing Director and Chief Executive Officer of the Company subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company. (3) Mr. Rajesh Hukku ceases to be the Managing Director of the Company and continues as non-executive Chairman of the Company. Mr. Makarand Padalkar is appointed as Chief Financial Officer of the Company." Date: 2007-05-04 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "At the meeting of the Board of Directors of the Company held today (May 01, 2007) the Directors have (1) Allotted 395,529 equity shares of face value of Rs.5/- each to GE Capital Mauritius Equity Investment upon their exercise of warrants allotted to them in the year 2005. Further the Company has informed the Exchange regarding two press release dated May 01, 2007 "i-flex(R) posts 50% growth in net income for the full year ended March 2007; net income at Rs. 372 crore, Net income for the quarter at Rs.132 crore; up 19% QoQ" and " I-flex solutions announces strategy for accerlerated growth and expansion of Executive Management and Board of Directors" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-05-03 |
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Source: BSE - i-flex Solutions Ltd on May 01, 2007 has announced the expansion of its leadership team to support accelerated growth and acquisitions, and to better leverage Oracle''s global organization for the banking industry.
In a related development, Oracle on May 01, 2007 announced the formation of a new Financial Services Global Business Unit (FSGBU) headquartered in New York. The FSGBU will consolidate Oracle''s financial services applications, domain experts, and related services into a single business unit with global scale dedicated to the financial services industry.
The following changes to the Company''s executive management and Board of Directors were approved by the Company''s Board at its meeting on May 01, 2007 and are effective immediately.
- Rajesh Hukku, the current Chairman and Managing Director, will head the new Oracle Financial Services Global Business Unit, in addition to his the Company''s oversight responsibilities. He will continue on the Company''s Board as non-executive Chairman.
- N R K Raman, currently Chief Operating Officer, joins the Board as Managing Director and Chief Executive Officer of the Company.
- R Ravisankar, currently Chief Executive Officer (International Operations), and Deepak Ghaisas, currently Chief Executive Officer (India Operations) and Chief Financial Officer, are both elevated to the Board as Vice Chairmen. In addition, they will join the management team of the new Oracle Financial Services Global Business Unit.
- Derek Williams, Executive Vice President of Oracle, will also join the Company''s Board.
- Makarand Padalkar, currently Chief of Staff and Head, Investor Relations, assumes the role of Chief Financial Officer.
Mr. Hukku, Mr. Ravisankar and Mr. Ghaisas will join Oracle to lead the newly formed Global Business Unit to focus on applications for the financial services industry, including banking, capital markets, and asset management. The new business unit will aggregate Oracle''s financial services-specific applications offerings, and serve as a vehicle for future acquisitions in financial services. The management changes announced by the Company are designed to leverage this development for accelerated growth through better co-ordination with the Oracle strategy for financial services, the Company will also benefit from the selling and servicing opportunities arising from the growth in the Oracle footprint in financial services resulting from future acquisitions by the Oracle FSGBU.
"This is an integral step in i-flex''s strategic roadmap to position ourselves better to capture the enormous opportunity in financial services by expanding our leadership team," said Rajesh Hukku, Chairman. "These changes will enable us to better leverage the synergies of i-flex''s comprehensive portfolio of products and services with the overall Oracle strategy for leadership in financial services."
Date: 2007-05-03 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 01, 2007, inter alia, has allotted 395,529 equity shares of face value of Rs 5/- each to GE Capital Mauritius Equity Investment upon their exercise of warrants allotted to them in the year 2005.
Date: 2007-05-03 |
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Source: BSE - i-flex Solutions Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:
The results for the Quarter ended March 31, 2007
The Company has posted a net profit of Rs 1271.20 million for the quarter ended March 31, 2007 as compared to Rs 1217.50 million for the quarter ended March 31, 2006. Revenues has increased from Rs 3723.20 million for the quarter ended March 31, 2006 to Rs 4515.90 million for the quarter ended March 31, 2007.
The results for the Year ended March 31, 2007
The Company has posted a net profit of Rs 3546.70 million for the year ended March 31, 2007 as compared to Rs 2408.00 million for the year ended March 31, 2006. Revenues has increased from Rs 11538.20 million for the year ended March 31, 2006 to Rs 15523.40 million for the year ended March 31, 2007.
The Consolidated Results as per Indian GAAP are as follows:
The Consolidated Results as per Indian GAAP for the Quarter ended March 31, 2007
The Group has posted a net income of Rs 1324.00 million for the quarter ended March 31, 2007 as compared to Rs 1400.00 million for the quarter ended March 31, 2006. Revenues has increased from Rs 4706.00 million for the quarter ended March 31, 2006 to Rs 6011.00 million for the quarter ended March 31, 2007.
The Consolidated Results as per Indian GAAP for the Year ended March 31, 2007
The Group has posted a net income of Rs 3723.00 million for the year ended March 31, 2007 as compared to Rs 2377.00 million for the year ended March 31, 2006. Revenues has increased from Rs 14823.00 million for the year ended March 31, 2006 to Rs 20609.00 million for the year ended March 31, 2007.
Speaking on the occasion, Rajesh Hukku, Chairman & Managing Director said, "The last financial year has been a historic one for i-flex as we have seen a significant increase in our traction with top tier customers in the developed economies, i-flex enjoys a healthy sales pipeline as we continue to meet the growing requirements of the global financial services industry through sustained investments."
Further the Company has informed that, in order to enhance shareholder value by conserving funds for reinvestment into the growth of the business, including the funding of future acquisitions, the board also decided to declare no dividend, the Company recently announced a proposed investment to establish a subsidiary in Greece.
Date: 2007-05-03 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 01, 2007, inter alia, to consider the following:
1. To adopt audited un-consolidated Indian GAAP Accounts for the quarter and year ended March 31, 2007.
2. To adopt audited consolidated Indian GAAP Accounts for the quarter and year ended March 31, 2007.
3. To recommend a dividend, if any, on equity shares.
4. To approve allotment of 395,529 equity shares of face value of Rs 5/- each to GE Capital Mauritius Equity Investment upon their exercise of warrants allotted to them the year 2005.
Date: 2007-04-24 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that the Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007. Date: 2007-04-24 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Company will be publishing Audited results for the financial year ended March 31, 2007, before June 30, 2007 i.e. within a period of 3 months from the end of last quarter of the financial year.
Accordingly the Company will not be publishing un-audited financial results for this last quarter before April 30, 2007.
Date: 2007-04-24 |
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Source: BSE - i-flex Solutions Ltd, on April 20, 2007, has announced the setting up of a subsidiary, i-flex solutions S.A., in Athens, Greece, in partnership with one of Greece''s largest holding houses, Fourlis Group.
The announcement is a significant milestone in the Company''s European expansion strategy. i-flex solutions S.A. will cater to the markets of Greece and neighboring countries. The Company has more than 20 banks as customers in the Balkan region including two of Greece''s largest banks - Alpha Bank and EFG Euro Bank.
i-flex solutions S.A. strengthens the Company''s presence in the Balkan region, giving prospective customers better access to its range of products and services for the financial services industry. It will also provide its customer''s access to highly skilled, local professionals who will support future deployments in the region.
N R K Raman, COO, of the Company and Chairman of the new subsidiary, elaborated: "Our investment in this new subsidiary in Athens is exciting as it throws up immense possibilities for engaging with our customers not only in the region but across the European Union. It also allows us to develop alternative talent pools, especially in Romania and Greece, giving us greater flexibility and speed in deploying our solutions, particularly in the retail banking domain."
Mr. Goutsoulas, currently the Chief Technology Officer of ATC, will be the Chief Executive Officer of the new subsidiary.
According to Goutsoulas, "We see exciting times ahead of us and I am sure we will capitalize on the strong growth rates the banking industry is witnessing in the region, the dominant trend towards consolidation and acquisitions in the industry and the obvious focus banks are now bringing to their business processing platforms."
i-flex solutions b.v., a wholly owned subsidiary of the Company, was set up in Amsterdam in 2000, and now has offices in London, Frankfurt and Dublin. i-flex has over 85 customers across 40 countries in Europe. Several Tier-1 financial institutions such as Allied Irish Bank, Citibank, and Lloyds TSB as well as First Investment Bank, Hebros Bank and Post Bank, among others, are the Company''s customers in Europe, some being large multi-country implementations.
Date: 2007-04-20 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 20, 2007, titled "i-flex solutions b.v. Strengthens presence in the Balkans; Announces New Subsidiary in Greece". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-04-20 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the Company has already designated an E-mail ID of the grievance redressal for the purpose of registering complaints by Investors. The E-mail ID is investors@iflexsolutions.com. This E-mail ID is already displayed on the Company''s Website.
Date: 2007-04-16 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employees of the company have intimated the changes in their shareholding as below: (1) Name of the Employees: Mr. N. R. Kothandaraman; Date of Transaction: 29-Mar-07; No. of Shares Bought through ESOP :- 11,200; Date of Intimation to the Company: 05-Apr-07. (2) Name of the Employees: Mr.Kishore Kapoor; Date of Transaction: 29-Mar-07; No. of Shares Bought through ESOP :- 33,000; Date of Intimation to the Company: 05-Apr-07; (3) Name of the Employees: Mr. Cafo Boga; Date of Transaction: 29-Mar-07; No. of Shares Bought through ESOP :- 30,000; Date of Intimation to the Company: 05-Apr-07". Date: 2007-04-10 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company have intimated the changes in their shareholding as below: (1) Name of the Employee: Mr.Deepak Ghaisas; Date of Transaction: 04-Apr-07; No. of Shares Sold :- 10,000; Date of Intimation to the Company: 04-Apr-07;(2) Name of the Employee: Mr.Thomas Mathew; Date of Transaction: 05-Apr-07; No. of Shares Sold :- 1,000; Date of Intimation to the Company: 05-Apr-07; (3) Name of the Employee: Mr. Kishore Kapoor; Date of Transaction: 05-Apr-07; No. of Shares Sold :- 4,500; Date of Intimation to the Company: 09-Apr-07". Date: 2007-04-10 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 10, 2007, titled "Allied Irish Bank selects i-flex as Strategic Partner for Transformation of its Retail Operations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-04-10 |
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Source: BSE - i-flex Solutions Ltd has announced that Allied Irish Bank (AIB), Ireland''s leading financial services Company and a top tier bank, has selected the Company as strategic partner in its key retail transformation project.
This partnership supports one of the most important transformational projects in AIB''s history. It will deliver an operations structure that will enable the bank to maintain a strong and prominent position in its chosen markets. It also represents one of the largest retail core banking transformation engagements for the Company in Europe.
AIB is using the Company''s FLEXCUBE® Core Banking application to help implement a common IT operating model for retail banking operations throughout the Group. This new more streamlined and efficient method of handling customer data will enable AIB to deliver enhanced customer service. It will also provide a strong platform for business growth and development by enabling the bank to respond to market and business developments more quickly and effectively.
Olivier Trancart, Chief Executive Officer, i-flex solutions b.v., said:
"We are delighted that AIB has selected i-flex solutions as its strategic partner once again, following the agreement in 2006 to re-engineer its wholesale banking operations. This repeat win -- at a tier one bank -- in the region significantly expands our footprint in Ireland and indeed Europe. It also demonstrates our ability to deliver and implement solutions for multi-branch and multi operations."
FLEXCUBE Core Banking will be implemented across AIB’s Retail banking operations in Ireland and the U.K. This deployment is a key milestone for all the participants in the project.
AIB is already at the implementation stage of the FLEXCUBE Universal Banking Solution rollout for its wholesale banking operations, and the retail transformation project is expected to be completed within the next three and a half years.
Date: 2007-04-10 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employee of the company has intimated the changes in their shareholding as below: (1) Name of the Employee: Mr. M. Ravi Kumar; Date of Transaction: 04-Apr-07; No. of Shares Sold :- 1,000; Date of Intimation to the Company: 04-Apr-07". Date: 2007-04-09 |
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Source: NSE - I-Flex Solutions Limited has submitted to the Exchange disclosure from Director/Senior Employees of the company regarding the changes in their shareholding. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-04-09 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated April 05, 2007, titled "Federal Home Loan Bank of New York selects FLEXCUBE". The copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-04-05 |
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Source: BSE - i-flex Solutions Ltd on April 05, 2007 has announced that Federal Home Loan Bank of New York (FHLBNY)- a congressionally chartered, wholesale bank set up in 1932, managing assets over USD 81.7 billion and servicing over 300 financial institutions in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands - selected FLEXCUBE® as part of its current technology strategy. FLEXCUBE''s core modules will be implemented to automate FHLBNY''s Demand Deposit Account (DDA) portfolio of member financial institutions.
FLEXCUBE will replace the current DDA application later this year. Commenting on the choice of FLEXCUBE, FHLBNY''s Vice President of Deposit Services, John Surre said, "I am impressed with the compelling value provided by FLEXCUBE''s modern architecture. The system is very flexible and meets the bank''s requirements. In addition, the Company has an excellent track record of successful system implementations. We are confident that the choice of FLEXCUBE provides the bank with opportunities to further enhance our operation Over time."
Speaking on this win, R. Ravisankar, CEO, International Operations and Business Development, said "We see the partnership with the Federal Home Loan Bank of New York as a strategic one in addressing their growth and competitive advantage. There are similar banks in the United States who could leverage the learning from this program and partnership to replace their existing applications."
Date: 2007-04-05 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employees of the company have intimated the changes in their shareholding as below: (1) Name of the Employees: Ms. Meenakshy Iyer; Date of Transaction: 29-Mar-07; No. of Shares Sold :- 1,000; No. of Shares Bought through ESPS :- Nil; Date of Intimation to the Company: 2-Apr-07, (2) Name of the Employees: Mr. Atul Gupta; Date of Transaction: 30-Mar-07; No. of Shares Sold :- Nil; No. of Shares Bought through ESPS :- 55,200; Date of Intimation to the Company: 3-Apr-07". Date: 2007-04-05 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "Following designated employees of the company have intimated the changes in their shareholding as below: (1) Name of the Employees: Makarand Padalkar-Chief of Staff and Investors Relations; Date of Transaction: 22-Mar-07; No. of Shares Sold: 3,100; Date of Intimation to the Company: 28-Mar-07, (2) Name of the Employees: Manmath Kulkarni-Vice President; a) Date of Transaction: 22-Mar-07; No. of Shares Sold: 50; Date of Intimation to the Company: 28-Mar-07; b) Date of Transaction: 23-Mar-07; No. of Shares Sold: 100; Date of Intimation to the Company: 28-Mar-07". Date: 2007-04-04 |
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Source: NSE - I-Flex Solutions Limited has submitted to the Exchange a disclosure of the designated employees of the company intimating the changes in their shareholding. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-04-03 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that : "At the meeting of the ESOP Allotment Committee of the Company that was adjourned yesterday (i.e. March 29, 2007) and held today (i.e. March 30, 2007), the Committee has allotted 4,900 equity shares to the eligible employees of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company. The Company is taking steps to list these shares on the stock exchange." Date: 2007-04-02 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the meeting of the ESOP Allotment Committee of the Company that was adjourned on March 29, 2007 and held on March 30, 2007, the Committee has allotted 4,900 equity shares to the eligible employees of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-03-31 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the meeting of the ESOP Allotment Committee of the Company on March 29, 2007, has allotted 109,645 equity shares to the eligible employees of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company. The details are given below:
1. Mr. N R K Raman - 11,200 (No. of Shares allotted)
2. Mr. Kishore Kapoor - 33,000 (No. of Shares allotted)
3. Mr. Cafo Boga - 30,000 (No. of Shares allotted)
Further the Company has informed that, this meeting is adjourned and will be held on March 30, 2007 to consider unfinished matters.
Date: 2007-03-30 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange that: "At the meeting of the ESOP Allotment Committee of the Company held today (March 29, 2007), the Committee has allotted 109,645 equity shares to the eligible employees of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company. In this lot, equity shares have been allotted to a senior employees of the Company who had exercised their ESOPs. The details are given below: (1) Name :- Mr. N.R.K. Raman; No of shares allotted :- 11,200, (2) Name :- Mr. Kishore Kapoor; No of shares allotted :- 33,000, (3) Name :- Mr. Cafo Boga; No of shares allotted :- 30,000". The Company has further informed the Exchange that the Meeting of the ESOP Allotment Committee of the Company held on March 29, 2007 is adjourned and will be held on March 30, 2007 to consider unfinished matters. Date: 2007-03-30 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that Mantas Inc., a business of the Company and a provider of regulatory compliance, loss prevention and revenue generation solutions, on March 29, 2007 has announced that FirstBank of Nigeria (FirstBank), that country''s largest bank, will implement Mantas ONE™ for its anti money laundering (AML) and future compliance programs. FirstBank of Nigeria is the largest financial services group in sub-Saharan Africa, and has distinguished itself as a leading financial institution and a major contributor to the economic advancement and development of Nigeria.
FirstBank needed a platform that would help keep pace with the bank''s rapid economic growth and demonstrate the best ROI. FirstBank selected Mantas ONE because of its award-winning combination of Fraud and AML solutions and Mantas for its ability to scale according to both business and regulatory changes, and its local presence to assist with implementation.
The decision is also a response, in part, to Nigeria''s Economic and Financial Crime Commission (EFCC) regulatory body, which has been encouraging financial institutions to adopt automated surveillance scenarios to put a stop to financial crime.
"Financial institutions of all sizes around the world are looking for enterprise-wide solutions that address current and evolving regulations regarding broker surveillance, trading compliance, anti-money laundering and other crucial purposes," said S. Ramakrishnan, CEO, Mantas. "With Mantas ONE, we''ve incorporated years of experience and leadership based on our award-winning Mantas Behavior Detection Platform, which is designed to adapt to new regulations and threats - and that''s a key factor for many clients."
Date: 2007-03-29 |
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Source: NSE - I-Flex Solutions Limited has informed the Exchange regarding a press release dated March 29, 2007, titled "FirstBank of Nigeria selects Mantas ONE for Anti-Money Laundering Solution; Bank Cites Need to Address Current and Evolving Regulations". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). Date: 2007-03-29 |
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Source: NSE - I-Flex Solutions Limited had informed the Exchange that a meeting of ESOP Allotment Committee of the Company will be held on March 28, 2007. The company has now informed the Exchange that: "Due to unavoidable circumstances this meeting could not take place today (March 28, 2007)". Date: 2007-03-29 |
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Source: BSE - With reference to the earlier announcement dated March 20, 2007 regarding a meeting of ESOP Allotment Committee Meeting to be held on March 28, 2007, i-flex Solutions Ltd has informed BSE that due to unavoidable circumstances this meeting could not take place.
Date: 2007-03-29 |
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Source: BSE - i-flex Solutions Ltd has informed BSE that the meeting of the ESOP Allotment Committee of the Company on March 27, 2007, has allotted 996,995 equity shares to the eligible Director / employees of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS) of the Company.
Date: 2007-03-28 |
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EARNINGS TOOLBOX 