Proximus Opal, the promoter of Route Mobile, has announced plans to sell up to 3.8 million equity shares, representing a 6.03% stake in the company, through an Offer for Sale (OFS). The two-day sale, set to take place on September 12 and 13, will be conducted via the Bombay Stock Exchange (BSE) as per an …
One of India’s leading construction companies, NBCC India Limited, places a high priority on green building techniques and sustainable development. The company has worked on several nationally significant infrastructure and iconic building projects. NBCC has a reputation for completing high-quality projects on schedule and within budget thanks to its experience in project management, engineering, and …
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 …
