State Bank Of India

Tech Mahindra has entered into strategic partnership with RUAG International, an organisation specialising in aerospace, headquartered in Switzerland, for global IT infrastructure and digital transformation. The company will support RUAG International in its IT Infrastructure digitisation strategy by transforming the core infrastructure operations using next-generation service to enhance customer experience and faster time-to-market.

State Bank of India (SBI) has raised Rs 2500 crore through Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures (NCDs) and allotted 25,000 NCDs having face value of Rs 10 lakh each, at par, bearing a coupon of 7.73% p.a. payable annually with call option after 5 years and on anniversary dates thereafter.

Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 percent stake in Reliance Industries’ (RIL) digital subsidiary, Jio Platforms, joining the list of global investors such as Facebook. The transaction also marks the US technology giant's biggest-ever investment in an Indian company.

Union Bank of India is planning to raise funds through issuance of Basel III compliant Tier II bonds in the nature of debentures aggregate issue size not exceeding Rs 1,000 crore, with a base issue size of up to Rs 500 crore and a Green Shoe option to retain oversubscription up to Rs 500 crore. The bonds of face value of Rs 10 lakh each, bearing a coupon of 7.18 percent per annum, will have maturity of 15 years.

Thomas Cook India has introduced 'Virtual Holiday Store' to provide customers with contactless and convenient holiday planning. The company's travel experts will be available over video chat 365 days, from 8 am to 12 pm, to guide customers. The experts will guide customers on their requirements about domestic and international holidays, value added services like travel insurance, end-to-end Covid-negative certification services, visa services, documentation, among others. Virtual Holiday Store intends to support customers with convenient and contactless holiday planning from the safety and comfort of their homes.

IRB Infrastructure Developers has received completion certificate from competent authority for the Agra-Etawah build-operate-transfer project. Consequently, toll rates for the SPV would be increased by 70 per cent and the SPV will collect toll at revised rates on this project.

National General Industries has received approval from shareholders to sell and dispose of the steel casting unit of the Company located at RIICO Industrial Area, Kaharani (Bhiwadi Extension), District Alwar, Rajasthan.