Wipro, Infosys and Zensar Technologies to see some action today

Wipro has signed significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry. As a part of this transaction, Wipro will take over the IT units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L. Through this partnership, more than 1,300 employees across Germany, Romania and India will transfer to Wipro, providing them with new opportunities to advance their careers, access innovation, work with leading digital technologies and adopt new ways of working that enable agility, speed and scale in engineering.

Infosys has signed a long-term strategic partnership with Daimler AG for a technology-driven IT infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its IT operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The partnership will enable the company to deepen its focus on software engineering and to establish a fully scalable on-demand digital IT infrastructure and anytime-anywhere workplace.

Zensar Technologies has been selected by NFU Mutual, the UK’s leading rural insurer, to form a new strategic technology and digital relationship to support multiple technologies that underpin a number of the company’s key business systems. The company’s insurance industry knowledge and extensive experience in delivering Application Development and support services for global customers, combined with its demonstrable commitment towards delivering business value, made it an obvious partner of choice for NFU Mutual.

Bajaj Auto has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to set up a manufacturing facility on a proposed investment of Rs 650 crore in Chakan, Maharashtra. The facility is expected to commence production in 2023. This facility will be utilized for manufacturing high end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles starting with Chetak.

Apollo Tyres has forayed into online sales space with the launch of an e-commerce portal that allows customers in India to buy car and two-wheeler tyres. This will work on the 'buy online, fit offline' model, where consumers can purchase their chosen tyre online and book an appointment with Apollo Tyres' dealer nearest to their location, to get the tyres fitted and serviced. The service will be initially available to customers in Delhi-NCR, Bengaluru, Mumbai and Kochi and will soon be expanded to other cities across the country.

Ultracab (India) has secured purchase orders from Hindustan Zinc, Jain Irrigation Systems and Grasim Industries worth approximately Rs 590.00 lakh. The company has also received vendor approvals from various PSUs named Power Grid Corporation of India (PGCIL), IREL (India), Gujarat Housing Board (GHB) and Bilaspur Smart City.

Shriram Transport Finance Company (STFC) has raised Rs 25 crore through senior secured rated, listed principal protected market linked redeemable Non-convertible debentures (NCDs) and allotted 250 NCDs having face value of Rs 10 lakh each on private placement basis. The Allotment Committee - NCDs of the Company in its meeting held on December 22, 2020 has approved and allotted the same.