HCL Technologies, Jio Financial Services and Centum Electronics to see some action today

22 Jan 2025 Evaluate

HCL Technologies has expanded its global delivery footprint in Hyderabad with the launch of a new center. The new center will provide cutting-edge cloud, AI and digital transformation solutions to global clients across industries such as hi-tech, life sciences and financial services. Located in the Hi-Tech City, the 320,000 sqft facility will house 5,000 people and come with Gold Certification from the Indian Green Building Council, underscoring the company’s commitment to sustainable business practices.

Jio Financial Services has further subscribed to and have been allotted 5.85 crore equity shares of Rs 10 each of Jio BlackRock Asset Management (a 50:50 Joint Venture between the Company and BlackRock), for cash at par, aggregating Rs 117.00 crore.

Centum Electronics through its wholly owned subsidiary -- Centum Electronics UK is all set to make further investment of upto 2 million Euro in Centum T&S Group SA, subject to necessary approvals. The objective of investment is to support the Company’s financial operations, facilitate growth and improve its financial stability, allowing it to meet its short term and long-term financial requirements.

DroneAcharya Aerial Innovations has secured contract worth Rs 7.53 lakh from the Ministry of Defence, Department of Military Affairs, Mechanised Army Courses Group Ahmednagar. Under this contract, the company will deliver a Drone Pilot Training Course and Drone Building Course for 8 Indian Army Officials. The training program is scheduled to commence on February 3, 2025, and conclude on February 12, 2025.

Ashika Credit Capital has completed acquisition of 5100 Equity shares of Ashika Private Equity Advisors (APEAPL). Post the acquisition of 51% stake in APEAPL, APEAPL has become the subsidiary of the company.

UCO Bank has reported 27.05% rise in net profit at Rs 638.83 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 502.83 crore for the same quarter in the previous year. Total income of the bank increased by 15.49% at Rs 7405.89 crore for Q3FY25 as compared to Rs 6412.71 crore for the corresponding quarter previous year.

Izmo’s subsidiary -- izmo Inc, a United States of America based company, has acquired Geronimo Web, a global leader in digital marketing programs for automotive OEMs and dealers. The acquisition gives Izmo access to new clients and markets.

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