The IPO of Route Mobile witnessed a subscription of 1.76 times on Day 2 of Rs 600 crore public offering. The company is an ideal investment in these times, when telecom and IT sector are COVID-proof.
Tata Consultancy Services (TCS) BaNCS, has been recognized as a Leader in Gartner Magic Quadrant for Global Retail Core Banking.
Adani Airports Holdings Ltd. (AAHL) is in plans to raise Rs 7,500 crore by divesting stake in its airports business. It is in talks with Middle East Sovereign Funds and Qatar Investment Authority for investment in consideration for private equity.
The Supreme Court observed that the debiting of interest on interest should not be allowed. It is likely to pass an order restricting such a practice.
Google has launched an version of its virtual experience program for creators, Fundo. It will help the community to perform live and interactive face to face video calling.
Indiabulls Housing Finance Limited announced on Wednesday that the board has approved the issue of equity shares of face value Rs. 2 each through Qualified institutions placement (QIP).
On news of a partnership between competitors Nikola Corp. and General Motors Co., deepening a sell-off that began last week; the electric-carmaker, Tesla fell 21% in trading on the NYSE. Musk’s drop would have been even larger if he hadn’t collected his third tranche of options worth $2.2 billion, linked to his moonshot compensation package.
Viral Acharya, RBI deputy governor Viral on Wednesday stated, "Public sector banks should learn from FMCG players and "democratize credit", a move that can help state-run banks solve the "biggest fiscal challenge" of recapitalisation,". He spoke in a summit organized by ET-BFSI.
KKR & Co. is in talks to invest at least $1 billion in the retail business of Reliance Industries Ltd. The amount could strech to $1.5 billion.
Fintech company RapiPay Ltd. announced on Tuesday its plans to install 5 lakh micro ATMs over the next two years in the country.
The Indian High Commission announced on Tuesday that HCL has set up a development centre in Sri Lanka.
Tata Consultancy Services (TCS) announced on Tuesday that it has completed post-merger integration of Aerohive Networks in Extreme Networks in a record time.
India, Israel and the United States has announced collaboration in developmental area, and in next generation of emerging technologies, including a transparent, open, reliable and secure 5G communication network.
India’s anti-money laundering agency, Enforcement Directorate (ED) fined Standard Chartered Plc 100 crore rupees (US$13.6 million) for breaking foreign exchange rules when it worked on the takeover of a local bank, Tamilnad Mercantile Bank. This marks one of the country’s biggest penalties imposed on an overseas lender.
Microsoft has launched its much rumored Xbox Series S, the cheaper variant of the Xbox Series X, has reported on Twitter, giving the first look at the gaming console. The tipster who shared the image, also shared a price tag of $299 (Rs 22,000) for the electronic.
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