Infosys, Nibe and IIFL Finance to see some action today

20 Jan 2021 Evaluate

Infosys has launched an Infosys Cobalt offering - its applied AI cloud, built on NVIDIA DGXTM A100 systems, the universal system for all AI workloads, offering unprecedented compute density, performance, and flexibility. The powerful new Infosys applied AI cloud will be an AI center of excellence for the company, enabling developers and project teams at Infosys to quickly and easily access AI hardware and software stacks, across both private and public clouds, to build contextualized services that deliver AI-first business processes for enterprises.

Nibe has entered into a Memorandum of understanding (MOU) with BEL Optronic Devices (BELOP) for exploring possibility of commercial cooperation of Manufacturing and Marketing of products.

IIFL Finance’s wholly-owned subsidiary -- IIFL Home Finance and Standard Chartered Bank have entered into a co-lending arrangement for extending MSME loans. Under this partnership, IIFL Home Finance and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing.

Welspun Specialty Solutions has received reimbursement of power subsidy from government of Gujarat. The said reimbursement was for previous years of Rs 9.09 crore.

BSE has inked memorandum of understanding (MoU) with the Maharashtra government to create awareness about benefits of listing among small and medium enterprises (SMEs) of the state. Through this pact, the exchange will provide intellectual and manpower support to create awareness about the benefits of listing among SMEs and will enable capacity building to such enterprises to fulfil listing requirements.

The Government of India has intended to disinvest its entire shareholding of 26.12 per cent paid up equity capital of Tata Communications, through Offer for Sale (OFS) method of shares by promoters through the stock exchanges and thereafter to the Strategic Partner Panatone Finvest.

Prince Pipes & Fittings has received first tranche of Rs 26.10 crore from Prince Marketing (Promoter group entity).  The company had remitted an advance amount of Rs 40 crore to Prince Marketing for the purchase of immovable property in Mumbai. The conveyance of the immovable property between the company and Prince Marketing, had not been completed. Accordingly, The company and Prince Marketing entered into an agreement to record the terms of repayment of the advance amount. In the month of January, 2021 the first major tranche of the advance payment of Rs 26.10 crore has been received by the company.

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