Infosys, Wipro, Mahindra & Mahindra Financial Services, HDFC Life Insurance, Poonawalla Fincorp
Infosys Finacle and IBM have collaborated to help banks accelerate cloud transformation journeys.
Wipro has partnered with TEOCO to develop next-generation network solutions for communication service providers.
With the economy opening up and customer cash flow improving due to mobility, festival and harvest, Mahindra & Mahindra Financial Services expects the gradual reduction of Steps 3 and 2 to take place. continue in the coming months.
The Competition Commission of India has approved the acquisition of 100% of the shares of Exide Life Insurance Company by HDFC Life Insurance Company.
Poonawalla Fincorp has approved the sale of its direct and indirect stake in Magma HDI General Insurance to comply with IRDAI regulations. Sanoti Properties LLP will acquire the Company’s interest in Magma HDI.
Info Edge (India) has entered into an agreement to invest approximately Rs 41.2 crore in Metis Eduventures through a combination of primary and secondary equity acquisitions. The acquisition is expected to be completed no later than November 30.
Sesa Mining Corporation, an indirect wholly owned subsidiary of Vedanta, to acquire Desai Cement Company for Rs 14 crore.
eClerx Services reported significantly higher profit at Rs100.7cr at T2FY22 versus Rs61.4cr at T2FY21, revenue jumped to Rs523.2cr from Rs360.7cr year-on-year.
Padmaja Gangireddy has resigned as Managing Director of Spandana Sphoorty Financial with immediate effect.
Saregama India launched its QIP show on Tuesday and approved the floor price of Rs 4,264.68 per share. The floor price is at a discount of 1.53% compared to Tuesday’s closing price.
Century Plyboards reported significantly higher after-tax profit of Rs99cr at T2FY22 versus Rs50.2cr at T2FY21. Revenue climbed to Rs813.6cr from Rs522.2cr year-on-year.
Minda Corporation reported higher profit at Rs39.1cr at T2FY22 vs. Rs5.8cr at Q2FY21; revenue climbed to Rs731.3cr from Rs656.1cr year-on-year.
Bharti Airtel reported higher profit at Rs1,134cr at T2FY22 versus Rs283.5cr at T1FY22; revenue increased from Rs26,853.6cr to Rs28,326.4cr year-on-year.
Results today: State Bank of India, Eicher Motors, Aditya Birla Fashion and Retail, Bata India, DCM Shriram Industries, GPT Infraprojects, Grindwell Norton, Gujarat State Petronet, Gujarat Alkalies & Chemicals, Likhitha Infrastructure, Pfizer, RattanIndia Power, Sharon Bio-Medicine and Uflex .