ICICI Bank said it will sell 7.72 crore equity shares of its subsidiary, ICICI Securities, through an initial public offer (IPO). The IPO of ICICI Securities will open for subscription on 22 March 2018 and shall close on 26 March 2018. The price band for the IPO has been fixed at Rs 519 to Rs 520 per share. The announcement was made after market hours yesterday, 14 March 2018.
Wipro announced a strategic partnership with Trintech to deliver digital solutions that help simplify and automate business finance functions at enterprises. Trintech is a leading global provider of integrated, cloud-based Record to Report (R2R) finance software solutions for the office of finance. The announcement was made after market hours yesterday, 14 March 2018.
IT major Infosys announced that it will open its next technology and innovation hub in Hartford, Connecticut and hire 1,000 American workers in the state by 2022. The Connecticut Technology and Innovation Hub will have a special focus on insurance, healthcare and manufacturing. It will bring Infosys closer to its Connecticut clients and serve as the global hub for Infosys' InsurTech and HealthTech efforts. Infosys' investment in Connecticut is a continuation of the company's commitment to accelerate innovation for American enterprise by amplifying top local talent with the best global talent and shrink the IT skills gap in the marketplace. The announcement was made after market hours yesterday, 14 March 2018.
MMTC said its board will meet on 19 March 2018 to consider bonus issue. The announcement was made after market hours yesterday, 14 March 2018.
Havells India signed an agreement with Hyundai Electric & Energy Systems Co. for manufacturing of Magnetic Contactors (MC). Under the agreement, Hyundai Electric will provide technology know-how and grant a license to manufacture and market Magnetic Contactors (MC) under Havells brand. The MC market in India is presently estimated to be Rs 1200 crore and growing at 6-8% annually, the company said. The announcement was made after market hours yesterday, 14 March 2018.
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