Ronish Baxter

South Korea's company Kia Motors India has set up its own production plant at Anantapur in Andhra Pradesh. Kia Motors India, which introduces SUV in India, is going to be the 8th foreign company. Manohar Bhatt told that the company has so far invested around Rs 700 crore in the construction of this plant. Our goal is to invest almost the same through vendors and do the same. Kia Motors India is the largest foreign investor company in the automobile sector in India. The company has set an annual target of 3 lakh vehicles annually from Anantapur plant.

~Ronish Baxter

Housing Finance Company HDFC Ltd recorded a standalone profit of Rs 2,113.80 crores during the quarter ended December 2018. During the same period a year ago, the company's profit was at Rs 5,300 crore. However, HDFC said in a statement that the results of the third quarter of the current financial year cannot be compared with the quarter ended December 31, 2017.   Total Income of Rs 10,569 crore HDFC said that the company had sold shares of HDFC Life Insurance Company of about Rs 5,250 crore through an initial public offer (IPO) during the quarter ending December 31, 2017. However, in terms of gross income, it was Rs 10,569 crore during the quarter ending December 2018, compared to Rs 8,824 crore in the same period a year ago.   Gross NPA remained 1.22 percent According to the National Housing Bank norms, during the quarter, the company's gross non-performing assets (NPA) was about 1.22 percent as compared to the total assets (Rs 4,731 crore). HDFC Ltd said that Capital Adequacy Ratio stood at 18.9 percent, out of which Tier-1 Capital was 17.2 percent and Tier-II Capital was 1.7 percent. The company said that according to Regulatory Norms, the minimum requirement of Capital Adequacy Ratio and Tier 1 Capital is 12% and 6% respectively. During the nine months of the financial year 2018-19, during the nine months of the year 2018-19, the company's profit before tax was Rs 6,771 crore before the other Comprehensive Income, compared to Rs 8,703 crore during the same period a year ago. On the other hand, the board has also approved the appointment of Irina Vittal as an independent director for a period of 5 years. This decision will be considered effective from January 30, 2019.

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~Ronish Baxter                                                       

Ronish Baxter said that Suncom Infotech has developed and is launching the blockchain technology platform, keeping in mind that an economic identity is essential to break loose from this poverty cycle. In the coming months, the company is going to introduce a feature in the innovative application that his company is building which would help build a vetted, recognizable identity that would be a prerequisite to participate in any form of transactions or ownerships in the global economy. The secure and established nature of the blockchain will provide a means to share sensitive data without the need to bother about the information getting altered along the way or getting lost.

Ronish Baxter, Suncom Infotech CEO Builds Blockchain Powered Platform to Fight Poverty, Suncom Infotech Pvt Ltd, an Indian ITES provider, has developed and is launching a platform which will allow people to send money through blockchain powered transactions.

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