News Overview

The issue with a face value of Re 1 per equity share consists of a fresh issue of equity shares worth up to Rs 750 crore and an offer-for-sale (OFS) of up to 9,328,358 equity shares by existing shareholders.

Fitch expects demand for next-generation technology, such as artificial intelligence, 5G, cybersecurity, digital strategy and cloud services, to grow faster than traditional IT services.

The portion reserved for retail investors was subscribed 0.90 times.

We expect Wipro to maintain its net cash position over the medium term, Fitch says.

India is the world’s third-largest energy-consuming country and electricity demand grows by 4.7% each year.

Motherson Sumi Wiring India Limited has a strong parentage from Motherson Sumi Systems Limited (33.4% shareholding) and Sumitomo Wiring Systems, Ltd., Japan (25.3% shareholding).

The Floor Price is 14.4 times the face value of the Equity Share and the Cap Price is 15.3 times of the face value of the Equity Share.

Ajay Singh, Chairman & Managing Director of SpiceJet, India’s second-largest airline by fleet size is the new Senior Vice-President of ASSOCHAM.

The National Conference on “Making India Atmanirbhar in Steel — Role of Secondary Steel Sector†constitutes two technical sessions discussing various topics in the day long deliberations.

It has secured bulk order on March 26, 2022 for industrial salt from Malchand Dindayal Salts Pvt. Ltd.