Wipro: The IT services company and ServiceNow will help Petrobras, the largest publicly traded company in Brazil, advance its digital journey. The project aims to raise the level of service for internal users and reduce costs by modernizing and aligning IT infrastructure processes.
Indian Oil Corporation: Air Products, a world leader in industrial gases, said it had signed a long-term supply agreement with the state-owned oil marketing company. Air Products will build, own, and operate (BOO) a new industrial gases complex providing hydrogen, nitrogen and steam at IOCL’s Barauni Refinery in Bihar.
Vedanta: The metal miner said it had pledged a 5.77 per cent stake for a term loan of Rs 8,000 crore. The announcement came days after the Cabinet Committee on Economic Affairs approved the government’s 29.5 per cent stake sale in group firm Hindustan Zinc.
company: A subsidiary of Tata Group’s power arm, Tata Power Solar, has commissioned a 450 MWDC EPC project for Brookfield Renewable India in Rajasthan. The company has set up more than 8 lakh modules and completed them within a record 7-month timeline. The project will yield more than 800GWh of clean energy annually.
Yes Bank: Returning to profit in FY22 after witnessing heavy losses for two consecutive years, the private lender has begun the process of forming an alternative board as it has come out of the rebuilding procedure. The central government informed
Reconstruction Scheme on March 13, 2020 after the private lender faced management crisis caused by mismanagement at the highest level.
Crompton Greaves Consumer Electricals: The consumer electricals firm said its board will meet next week to consider raising up to Rs 925 crore through debt securities. The board is scheduled to meet on Monday, June 13, 2022,.
Punjab National Bank: The state-run lender changed its repo-linked lending rate to 7.40 percent, effective June 9, from 6.90 percent earlier. The bank took this decision especially after the RBI raised the repo rate.
Rail Vikas Nigam: The railway company has entered into an agreement with ‘Kyrgyzindustry’ for the implementation of infrastructure projects in the Kyrgyz Republic. Specifically the company will implement a railway line network on terms and conditions mutually agreed upon in the Kyrgyz Republic.
Bank of India: The public sector bank changed its repo-based lending rate to 7.75 per cent with immediate effect, from 7.25 per cent earlier. The revision is due to the increase in the repo rate revision announced by the RBI, on June 8 in its monetary policy.
BLS International: The travel-related service provider announced the acquisition of business correspondent Zero Mass (ZMPL) for Rs 120 crore in an all-cash deal. BLS, which is primarily in visa processing, has a presence in the BC (Business Correspondent) space and the deal will help it consolidate its position in the segment.
Reliance Capital: Lenders to the financial services firm may extend the deadline for submission of bids for the acquisition of the debt -filled financial services company until August 10 after the main bidders make such a request. This will be the second extension to the deadline for submitting the resolution plan for
Future Businesses: The debt futures group firm defaulted on interest payments of Rs 1.41 crore for its non-convertible debentures. The due date for payment is June 6, 2022, it said.
IL&FS Transportation Network: The infrastructure company said its subsidiary KSEL had entered into a settlement agreement with NHAI for the termination of the Khed-Sinnar Expressway project-part of the Delhi-Mumbai industrial corridor-at a cost of Rs 891.59 crore.