Germany, UK data centre of Wipro divested for US$ 399 million
Germany, UK data centre of Wipro divested for US$ 399 million

Germany, UK data centre of Wipro divested for US$ 399 million

Tanay Loya Article rating: 3.7

Wipro announced that the company has completed the divestment of Wipro Data Centre and Cloud Services Inc, business in Germany and UK for a consideration of US$ 399 million. 

ICICI Bank names former bureaucrat as non-executive chairman; stock up
ICICI Bank names former bureaucrat as non-executive chairman; stock up

ICICI Bank names former bureaucrat as non-executive chairman; stock up

Tanay Loya Article rating: 5.0

ICICI Bank, which has been going through a management crisis off-late, has announced appointment of Girish Chandra Chaturvedi as its non-executive part-time chairman, with effect from July 1, for a period of 3 years.

Insecticides India launches new cost-effective products
Insecticides India launches new cost-effective products

Insecticides India launches new cost-effective products

Tanay Loya Article rating: 5.0

Agrochemical firm Insecticides India Limited launched new products in Punjab for cost-effective control of pests and diseases that would increase agricultural yield.

India ICC allows AAA-rated sovereign securities to be placed as collateral
India ICC allows AAA-rated sovereign securities to be placed as collateral

India ICC allows AAA-rated sovereign securities to be placed as collateral

Tanay Loya Article rating: 5.0

India International Clearing Corporation Ltd. (India ICC), the clearing arm of India International Exchange (India INX) has announced the acceptance of AAA-rated international sovereign securities as collateral from its clearing members and custodians.

Exide Industries inks JV with Swiss-based company
Exide Industries inks JV with Swiss-based company

Exide Industries inks JV with Swiss-based company

Tanay Loya Article rating: 5.0

Exide Industries gained over 1.5 per cent in early morning trade on Thursday after the company announced entering in to a JV agreement with a Switzerland-based company.

BSE StAR MF crosses 10,000 MFD registrations
BSE StAR MF crosses 10,000 MFD registrations

BSE StAR MF crosses 10,000 MFD registrations

Tanay Loya Article rating: 4.5

BSE StAR MF has crossed 10,000 Mutual Funds Distributors (MFD) registration, adding over 1,500 new distributors per month.

Gross NPAs may hit 12.2 per cent in FY19
Gross NPAs may hit 12.2 per cent in FY19

Gross NPAs may hit 12.2 per cent in FY19

Tanay Loya Article rating: 5.0

The worst might not yet be over for the banking sector as bad loans of commercial banks are expected to worsen to 12.2 per cent of total loans by March 2019, the Reserve Bank of India (RBI) said in its Financial Stability Report.

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