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Category Archives: Banking & Finance

Singapore Exchange

SGX Nifty to trade beyond August 2018

Court orders SGX not to offer new equity derivatives   Trading of SGX Nifty contracts have been extended beyond August 2018 on Bombay court order where the Singapore Exchange (SGX) and National Stock Exchange (NSE) of India are locked in a legal case.

HCL Logo

HCL snares Falck service contract

Centralized model for greater automation HCL Technologies has signed an end-to-end IT infrastructure services deal with Falck of Copenhagen, an international leader in the ambulance and healthcare markets.

Nokia selects Wipro for digital supply chain

Wipro to apply robotics process automation Finland’s Nokia has selected Wipro Limited (NYSE: WIT) (BSE: 507685) (NSE: WIPRO), for the “Go-Live for the design and digitalization” of its sales order operations as part of a multi-year business process services deal.

Feasibility study on two mills

Task force to prepare a roadmap The Steel Ministry is doing a feasibility study on financial viability of building steel plants in Andhra Pradesh and Telengana states.

Indian Real Estate’s IPO Revival

Strong liquidity boost IPO sentiment The Initial Public Offer (IPO) in the real estates is being revived, writes Shobhit Agarwal, MD & CEO – ANAROCK Capital.  Strong domestic liquidity, the resilient Indian economy, the surge in foreign institutional investors and improving investor sentiments have pushed the

HDFC proposal approved for additional capital

Foreign shareholding set at 74% The Cabinet has approved a proposal for HDFC Bank Ltd to raise additional share capital of up to a maximum of Rs.24,000 crore so the composite foreign shareholding in the Bank shall not exceed 74% of the enhanced paid-up equity

Pragati Maidan land offered for hotel

Land monetization to fund part of IECC India Trade Promotion Organisation (ITJPO) is offering a 3.7 acre land at Pragati Maidan in Delhi on a 99 year lease for construction and running of a Hotel by a third party including private sector through a transparent

Prabhu discusses trade with US officials

India enhances energy cooperation with US Commerce, Industry and Civil Aviation Minister, Suresh Prabhu, has highlighted encouraging growth in trade volumes through purchases of US-made civilian aircrafts by Indian companies during his 10-12 June 2018 visit.

Rana Kapoor re-appointed to lead YES Bank

Bank to capitalize on innovations in technology The Board of Directors of YES BANK has reappointed Rana Kapoor as MD & CEO of the Bank for a period of 3 years at the 14th Annual General Meeting (AGM) held on 12 June 2018 in Mumbai.