HDFC Bank Ltd.

Infosys has launched Infosys live enterprise application management platform to help organizations run their IT portfolios as engines driving intuitive decisions, building responsive value chains, and delivering perceptive experiences for the business. Infosys Live Enterprise Application Management Platform, amplified by the cloud capabilities brought in by Infosys Cobalt, helps enterprises accelerate their digital transformation initiatives, rationalize and manage their IT portfolio, embrace digital applications driven by microservices architecture and adopt cloud and IIOT faster.

BSA Company, UK which is a wholly owned subsidiary company of Classic Legends (CLPL) which in turn is a subsidiary company of Mahindra & Mahindra (M&M), has acquired 100% stake in the Birmingham Small Arms Company, BSA Corporation and B.S.A. Motor Cycles from BSA Regal Group of UK. Consequently, the said companies have become subsidiaries of BSA Company, UK and in turn of CLPL and also of the company. The acquisition will enable BSA Company to protect and safeguard the brand license of BSA.

The Competition Commission of India (CCI) has approved internet major Google's proposed purchase of 7.73 percent stake in Jio Platforms, a wholly-owned subsidiary of Reliance Industries. The transaction will facilitate Google and Jio Platforms to develop and launch a new smartphone in the country. The parties, thus, consider that the only relevant market for assessing the horizontal competitive effects of the transaction is the market for the supply of mobile phones in India. Outside this transaction, Google and JPL will continue to conduct their business activities independently. 

Punjab National Bank (PNB) has raised Rs 1,500 crore by issuing and allotting 7.10% unsecured, subordinated, non-convertible, fully paid-up, taxable, redeemable Basel III compliant tier II bonds in the nature of debentures (bonds) of Rs 10 lakh each. The bank has allotted a total of 15,000 bonds to three allottees. Globally, banks are required to improve and strengthen their capital planning processes under the Basel-III Capital Regulations.

HDFC Bank has launched India’s first comprehensive banking and payment solution for merchants – SmartHub Merchant Solutions 3.0. This first-of-its-kind solution allows merchants and self-employed professionals to instantly open a current account and start accepting payments in-store, online, and on-the-go. The comprehensive merchant solution will enable the Bank to reach out to more than 20 million small & medium merchants and also professional services like doctors, pharmacies, salons and laundry services across metro, semi urban and rural India in the next 3 years.

ICICI Bank’s retail mortgage book has crossed the Rs 2 lakh crore mark recently and October witnessed the highest ever disbursements. The bank had announced the portfolio touching the Rs 1 lakh crore mark in 2016 and expects the next one lakh crore addition to happen sooner.

Happiest Minds Technologies and Io-Tahoe have entered a strategic partnership to provide their esteemed clients with effective Data Discovery and Governance solutions. This will help improve data security and maturity within companies and minimize their data risk exposure. Happiest Minds, as a Reseller Partner of Io-Tahoe, is committed to enhance data protection programs and improve business performance for its customers.