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Infosys selected by GLOBALFOUNDRIES: Infosys has been selected by GLOBALFOUNDRIES as its partner for the company’s Digital Transformation program. Through this partnership, Infosys will provide expertise and analytical solutions to optimize the overall efficiency and agility of GF’s manufacturing and business operations
Infosys selected by GLOBALFOUNDRIES: Infosys has been selected by GLOBALFOUNDRIES as its partner for the company’s Digital Transformation program. Through this partnership, Infosys will provide expertise and analytical solutions to optimize the overall efficiency and agility of GF’s manufacturing and business operations
REC issues USD 500 mn notes: REC has issued USD 500,000,000, 4.75 percent Notes due 2023, on May 12, 2020. The Notes will mature on May 19, 2023 and all principal and interest payments will be made in US dollars. The settlement date for the Notes is expected to be May 19, 2020.
Nifty Metal Index jumped nearly 3 percent supported by Hind Copper, Jindal Steel, NMDC, MOIL:
India Ratings and Research assigns rating to the Rico Auto:
FII exodus: About 70% of top Nifty200 stocks came under pressure in Q4
The shareholding pattern of Mar-20 for around 160 of the top 200 stocks (accounting for 70% of the top 200 market cap) gives a flavour of the extent of FII selling that has happened during the crash in Feb/Mar-20.
Maruti Suzuki Q4: Maruti Suzuki declared its March quarter profit of Rs 1,291.7 crore, down by 28.1 percent YoY against Rs 1,795.6 crore for March quarter previous year. Revenue from operations declined 15.2 percent year-on-year to Rs 18,198.7 crore.
‘Stimulus 2.0 unlikely to be significantly front-loaded, but big positive for financials’
Axis believes the stimulus package will be a big positive for the financial sector as it will significantly cushion the impact of non-performing assets (NPAs) with sovereign guarantees.
V-Guard resumes operations: V-Guard Industries has partially resumed operations at various offices and warehouses with limited workforce. With a view to maintain the social-distancing norms, the company continues to provide the facility of work from home to employees.
