Wipro to divest its cloud business to Alight Wipro to divest its cloud business to Alight Advait Dharmadhikari / Thursday, February 28, 2019 0 2655 Article rating: 5.0 Wipro has agreed to divest its Workday and Cornerstone OnDemand business to Alight for a cash consideration of US$110 million. Wipro will receive US$100 million of payout with a closure of the deal and the balance US$10 million after 1 year based on various performance parameters. Read more
SMC raises Rs. 200 crore on BSE Bond Platform SMC raises Rs. 200 crore on BSE Bond Platform DSIJ Intelligence / Thursday, February 28, 2019 0 3689 Article rating: 4.5 Surat Municipal Corporation (SMC) successfully raised Rs. 200 crore by issuing municipal bonds on a private placement basis using the BSE Bond Platform, on Wednesday. Read more
Saudi Arabia guns for extending oil production cuts Saudi Arabia guns for extending oil production cuts Advait Dharmadhikari / Thursday, February 28, 2019 0 1313 Article rating: 5.0 Saudi Arabia’s Energy Minister Khalid al-Falih indicated that he is in favour of extending oil production cuts in the second half of 2019. This is despite US President Donald Trump demanding that oil prices be kept low. Read more
Jet Airways forced to ground 7 more aircraft Jet Airways forced to ground 7 more aircraft Advait Dharmadhikari / Thursday, February 28, 2019 0 1188 Article rating: 5.0 India’s second-largest airline carrier Jet Airways informed the bourses on Wednesday that they have grounded an additional seven aircraft. The company had to land 13 aircraft this month due to non- payment of lease rentals to lessors. Read more
Five stocks with selling interest Five stocks with selling interest Shital Jibhe / Thursday, February 28, 2019 0 1057 Article rating: 5.0 Overall volumes in futures & options currently stand at 2.30 crore contracts with a turnover of Rs. 14,77,021.36 crore. Read more