Based on the existing estimated equity values of ZEE and SPN, the indicative merger ratio would have been 61.25% in favour of ZEE.
HCL will establish a tech lab in Berlin that will combine fintech mindset, agile culture and customer focus with engineering expertise, global delivery capabilities, and deep domain knowledge of financial services and risk management.
State-owned fossil fuel giant CIL has applied too; as have American firms First Solar and CubicPV. ET has seen a copy of the bid document released by the Indian Renewable Development Agency (IREDA), the financing arm of the Ministry of New and Renewable Energy (MNRE).
Torrent Power has entered into an agreement with CESC Limited, Haldia Energy Ltd and other nominal shareholders for the acquisition of 100 per cent of the share capital of Surya Vidyut Ltd, the statement said. The enterprise value estimated for this acquisition is about Rs 790 crore, subject to closing price adjustments. The acquisition is further subject to customary conditions for transaction closure.
Infosys announced its collaboration with digital workflow company ServiceNow to provide enterprise-level service management for customers in manufacturing industries.
For example, 15 years loans are being priced at even lower than 6%, linking with Repo / T-Bill rates. At the same times 10- year government bond is currently trading at 6.2% and by the current pricing trends this could even gravitate towards 6.0% again.
In another transaction, Societe Generale bought 8.5 million shares of SBI cards at Rs. 1,021 apiece through a bulk deal on the NSE.
The Fed has promised not to cut back on the $120 billion of Treasuries and mortgage-backed securities it is buying each month until it sees "substantial further progress" toward its goals of maximum employment and 2 per cent inflation.
Those bonds are likely to offer 6.45-6.55 percent with seven-year maturity, three people familiar with the matter told ET.
While business resumption is still better than the levels registered prior to the Covid pandemic, mobility indicators are mixed, with other real economy indicators struggling, Nomura Global Markets Research said in a note.
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