Friday 5 June 2015

Top corporate news of the day - June 5, 2015

Infosys said that it has completed the acquisition of Kallidus Inc., a San Francisco based digital as well as mobile commerce solutions provider which operates under the brand name, Skava. 

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Infosys said that it has completed the acquisition of Kallidus Inc., a San Francisco based digital as well as mobile commerce solutions provider which operates under the brand name, Skava.

Aditya Birla Nuvo has informed exchanges that it has entered into definitive joint venture agreement with MMI Holdings, a leading South African Insurance based financial services group, to enter into the health insurance and wellness business in India.

Mahindra First Choice Services (MFCS) has projected total investment of almost Rs1.25bn in Uttar Pradesh over the next five years. 

Bharti Airtel said it has raised US$1bn through issuance of 10-year bonds to international investors. 

NMDC Limited, has rolled over the existing iron ore prices to June month in anticipation of demand growth even as the off-take from the domestic steel sector remained subdued in the past couple of months, according to the officials.

At a time when credit growth has been under pressure for most lenders, ICICI Bank is confident of growing its loan book 3-4% ahead of the system.

SKS Microfinance Limited announced a 1.55% reduction in the interest rate charged to borrowers to 22% from the 23.55% level with effect from next month.

ONGC Videsh is withdrawing from the Poco-Verde area in the Sergipe-Alagoas offshore basin where Brazil's state-run Petroleo Brasileiro SA recently discovered a new light oil deposit.

Fitch assigned a stable outlook to Power Finance Corporation and Rural Electrification Corporation

L&T Infrastructure Finance Company will raise Rs7.5bn on private placement basis via non convertible debentures. 

Suzlon said it has bagged a 90.30 MW turnkey project from ReNew Power

Nestle's woes are far from over as after Delhi, Gujarat  banned the instant noodle snack for one month. 

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