Intellect Design Arena zooms on inaugurating AI-led innovation center in GIFT CITY
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Intellect Design Arena is currently trading at Rs. 922.50, up by 54.85 points or 6.32% from its previous closing of Rs. 867.65 on the BSE.
The scrip opened at Rs. 871.15 and has touched a high and low of Rs. 956.00 and Rs. 871.15 respectively. So far 148828 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 956.00 on 19-Jan-2024 and a 52 week low of Rs. 388.00 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 956.00 and Rs. 812.15 respectively. The current market cap of the company is Rs. 12579.47 crore.
The promoters holding in the company stood at 30.38%, while Institutions and Non-Institutions held 28.94% and 40.68% respectively.
Intellect Design Arena has inaugurated its cutting-edge Artificial Intelligence (AI) led innovation centre in GIFT CITY, an epic centre of Global Finance and IT. The company’s Gift City Centre will be the birthplace of next-gen decision grade AI technology powered with eMACH.ai architecture for Global Financial Firms and is poised to catalyse the next wave of innovation in the financial technology world.
With an expansive 8000 sq. ft. area, the facility will host over 120 highly skilled Fintech Engineers, driving innovation in the heart of GIFT CITY. The Fintech Engineers will focus on developing and implementing Intellect's cutting-edge eMACH.ai suite of technologies, positioning GIFT City as a hub for the evolution of decision-grade AI technology.
The centre will connect fintech research engineers with 8 global hub cities of New York, London, Frankfurt, Toronto, Singapore, Melbourne, Chennai and Mumbai. This interconnected network will amplify the impact of Intellect's eMACH.ai suite of technologies.
Intellect Design Arena, a global leader when it comes to applying true digital technology, is the world’s first financial tech company that covers the entire spectrum of banking and insurance needs with its wide suite of products.
