In a bid to attract depositors amid rising competition from large banks and alternative investment options, several small finance banks (SFBs) have increased their fixed deposit interest rates to over 8% for a two-year tenure. These SFBs are offering significantly higher returns compared to a year ago, surpassing the rates offered by major banks like …
Wipro Ltd, a global technology services and consulting firm announced that it is partnering with JFK International Air Terminal (JFKIAT) to modernise its operations through data-driven insights. By leveraging Microsoft Azure, Wipro is helping JFKIAT build a robust cloud data strategy to streamline processes and enhance efficiency. The AI-powered data analytics solution will create a …
Satin Creditcare Network, a microfinance company, has announced plans to raise $5 million through a bond issuance at an all-inclusive cost of 11.32%. The proposed bonds are scheduled to be issued on September 25 and will mature after 36 months, as disclosed in a regulatory filing to stock exchanges. The coupon rate for the bonds …
On 11 September 2024, Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port operator, signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. APSEZ has formed a new subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), to manage operations at the …
On September 11, 2024, Tata Steel announced that it has secured a £500 million grant from the UK Government. This funding will help speed up the company’s £1.25 billion green steel project at the Port Talbot steel plant in Wales. The project aims to install a modern Electric Arc Furnace, a key step towards more …
State Bank of India (SBI), Bank KEB Hana Indonesia, and Bank SBI Indonesia signed a Shareholder Agreement on September 10, 2024. Bank SBI Indonesia (BSBII), which is SBI’s overseas subsidiary in Indonesia, currently has 99.56% of its shares owned by SBI. To meet Indonesia’s regulatory requirement of having at least 1% local ownership, BSBII plans …
Infosys Limited has partnered with Clearstream, a subsidiary of Deutsche Börse, to support the successful Generation 2 launch of Clearstream’s D7 platform. This innovative digital post-trade platform enables market participants to issue securities digitally, offering a new foundation for asset tokenisation and digital assets. Infosys played a key role in the project by providing end-to-end …
Brigade Group has introduced its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad, located at Auro Orbit in HITECH City. The new workspace spans a floor area of 25,000 sq. ft., offering 416 desks along with meeting rooms and collaborative spaces. This latest expansion aligns with Brigade Group’s strategic goal to reach 1 million …
Castrol India Limited has expanded its Auto Care product range with two new additions: the Castrol Microfibre Cloth and the Castrol Shiner Sponge. These products join an already-established range, which includes Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in-1 Shiner, Castrol 1-Step Polishing Compound, and Castrol Anti-Rust Lubricant Spray. The newly introduced Castrol Microfibre …
On September 12, 2024, Affle (India) Limited announced the grant of a new patent in the US, further strengthening its intellectual property portfolio. The latest patent, titled “Computer Implemented Method for Partner Pixelling for User Identification,” is designed to enhance user identification in digital advertising. This innovative system assigns a unique identifier to each user, …
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