TTK Prestige, IDBI Bank and TVS Motor Company to see some action today

18 Jun 2021 Evaluate

TTK Prestige has launched new e-commerce site www.judgeappliances.com for its leading UK cookware brand Judge, which was launched in India in 2017. The brand is part of the TTK Prestige owned Horwood Homeware company and is targeted at value-seeking customers, who are in the market for quality kitchen solutions at competitive price points. The Judge portfolio includes a vast array of products such as pressure cookers, cookware, gasstoves, bottles and flasks, mixer grinders, dinner sets as well as small appliances.

IDBI Bank and LIC Cards Services (LIC CSL) have launched a contactless prepaid gift card ‘Shagun’ on RuPay platform. Its aim is to expand the gift card market with an intent to promote cashless ways of gifting, thereby presenting a wide range of end-use choices. Eyeing a future foray into the market of e-gift cards, Shagun will be available to LIC and its subsidiaries/associates for official use in the initial phase. The card will be used to facilitate awards and special rewards during official conferences/ functions.

TVS Motor Company has launched its iQube Electric scooter. TVS iQube Electric is a green and connected, fun to ride urban scooter powered by an advanced electric drivetrain and next-gen TVS SmartXonnect platform.

Wipro’s step-down subsidiary -- Wipro IT Services is planning to issue US dollar denominated notes worth $750 million on June 23. The net proceeds of the notes, which are proposed to be listed on Singapore Exchange Securities Trading, are intended to be utilised for refinancing existing debt and general corporate purposes. The size of the issue is $750 million and the tenure is five years.

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, on Thursday announced its digital banking SaaS (Software-as-a- Service) offering for Urban Cooperative Banks (UCBs) in India. The offering combines the functional spread of the Finacle solution suite, with complementary solutions and capabilities from Finacle business partners -- Saraswat Infotech (SIPL) and Best of Breed Software Solutions (BBSSL).

NLC India has raised Rs 500 crore through Commercial Paper and allotted 10,000 Nos of Commercial Paper of a face value of Rs 5,00,000 each on June 17, 2021.

Indostar Capital Finance’s board has considered and approved issue of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 5,000 crore on private placement basis. The Board of Directors of the Company at its Meeting held on June 17, 2021, has inter-alia, considered and approved the same.

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