smelly Futures contracts traded on the Singapore Exchange indicated a flat opening for domestic equities. The contract was trading at 17,492.50, up 4.5 points or 0.03% from the previous close.
Vodafone Idea: The board of Vodafone Idea has allotted an aggregate of 12,000 unsecured, unrated and unlisted Optionally Convertible Debentures of face value of Rs 10,00,000 each (OCD) to ATC Telecom Infrastructure.
SpiceJet: To reduce its debt by $100 million, Carlyle Aviation Partners will acquire 7.5 per cent stake in the airline by converting outstanding dues and snapping up shareholding in the cargo business. In addition, the airline will also use the Qualified Institutional Buyer (QIB) route to raise up to Rs 25,000 crore.
Bharti Airtel: Chairman Sunil Bharti Mittal said that since the return on capital in the telecom business is very low, a tariff hike is soon to happen by the middle of this year. He said that the return on capital of this industry is very low due to healthy capital inflows despite a strong balance sheet.
SAIL: The Company’s branch – Bhilai Steel Plant has received an order from UAE for supply of special quality plates in bulk quantity. The plant has received an export order of 10,000 tonnes with plates conforming to European and American specifications.
Wipro: The IT major announced four strategic global business lines as it aims to deepen alignment with the evolving business needs of clients and tap emerging opportunities in high-growth segments of the market. The new model focuses on the areas of cloud, enterprise technology and business transformation.
Tanla Platforms: Company launches Wisely ATP – an innovative solution for SMS phishing protection on mobile World Congress (MWC) Barcelona 2023. , Wisely ATP is a one-stop platform to combat the challenge of SMS phishing in a comprehensive manner.
Brigade Enterprises: The firm announced expansion plans for its managed office brand Buzzworks. Management stated that Buzzworks serves as a value-added service to our office people who were looking for flexible office space.
Mastec: The company entered into an agreement with Netell to usher in AI-led digital transformation in the retail and consumer industry. The management said the partnership will help e-commerce and omni-channel retailers optimize their retail value-chain and thereby attract, convert and retain digital consumers.
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