Wipro, IndoStar Capital Finance and Vodafone Idea to see some action today

Wipro has signed a definitive agreement to acquire Eximius Design, a leading engineering services company with strong expertise in semiconductor, software and systems design. Eximius' offerings and solutions will be consolidated as a part of Wipro's EngineeringNXT framework, providing customers with a platform to innovate and engineer the next generation of products and platforms at scale. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending December 31,2020.

IndoStar Capital Finance has received an approval for allotment of 500, Series XXXIX Secured, Redeemable, Non-Convertible, Rated, Listed, Taxable Bonds in the nature of Debentures of Face Value of Rs 10 lakh each, for cash, at par, aggregating to Rs 50 crore to A K Capital Finance on private placement basis. The Debenture Committee of the company vide resolution dated October 13 2020 has approved allotment of the same.

Vodafone Idea (VIL) has selected IBM for deployment and management of its 'big data' platform. The move translates into key business and technology benefits such as ‘significant cost reduction’ and streamlining operational complexity, as Vodafone Idea chases new revenue streams and opportunities backed by a future-ready network to leverage the transformational power of 5G going forward. The power of data will help transform cloud and Artificial Intelligence journey in the future. As VIL's strategic technology partner, IBM is leading the end-to-end implementation and management of the 'big data' platform.

NTPC has decided to raise Rs 4,000 crore on October 15, 2020, through private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 5.45% p.a. with a door to door maturity of 5 years on October 15, 2025. The proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on both NSE & BSE.

Anka India has entered into a memorandum of understanding (MoU) with BCS Technology International (BCS) which is a leading global IT professional services organization focused on the delivery of customised solutions in emerging technologies including blockchain, digital, cloud, big data, AI, predictive analytics and machine learning to collaborate on joint marketing efforts which leverage the relative strengths of both the parties.

UFO Moviez India’s wholly owned subsidiary -- Scrabble Entertainment (SEL) has received approval from board of directors for investment of up to Rs 8 crore by way of equity and/or non-cumulative optionally convertible redeemable preference shares and/or any other instruments, over a period of up to two years in Mumbai Movie Studios (MMSPL). 

Coal India’s total coal allocation under its four e-auction windows registered about 65 percent year-on-year rise during the first half of the current financial year. CIL booked 41.4 million tonnes (MT) raw coal in e-auctions during April-September 2020, compared with 25.1 MT booked in the corresponding period last fiscal.