Wipro said it will acquire global strategic design firm Designit for EUR 85mn, a move aimed at strengthening the digital services business of the country’s third largest software services company.
IL&FS Engineering and Construction Company has commissioned a project of gas transmission pipeline in Gujarat. The project includes laying 103 kms high pressure gas transmission pipeline on an EPC basis for Gujarat State Petronet Limited (GSPL).
The Reserve Bank has authorised Yes Bank Ltd to undertake Primary Dealership business departmentally with effect from July 13, 2015. Yes Bank had earlier requested Reserve Bank of India to grant it Primary Dealership authorisation.
Bharti Airtel will roll out 4G services in North East, excluding Assam, within next 2-3 months, the company said.
The shareholders of Andhra Bank had approved a proposal for QIP or FPO at its Annual General Meeting.
Russia’s top oil producer Rosneft plans to buy 49% stake in Essar Oil for about $3.2 bn.
Telecom major Vodafone entered into a strategic partnership with retailer Walmart India to enable its business members make payments using the telco's mobile wallet service M-Pesa.
Wagon manufacturer Titagarh Wagons said it will raise up to Rs 2. 5bn by selling securities to institutional investors.
Bhushan Steel has received lenders' approval for long-term restructuring of about Rs 300bn loans under a scheme of Reserve Bank of India (RBI). The Joint Lenders Forum (JLF) has agreed to extend the loans of Bhushan Steel for tenure of 25 years under the RBI's scheme for long-term structuring of loans in line with cash flows.
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