Business News

HDFC Bank: has raised its MCLR by 0.10%. This may lead to an increase in loan EMIs.

Infosys: has signed a 5-year agreement with Spirit AeroSystems Inc to co-innovate aerostructure and systems engineering services.

Biocon: sold 5.1% stake in Syngene International.

Zee Entertainment: NCLT has directed Zee Entertainment to call a shareholder meeting on Oct 14 to discuss the proposed merger with Sony Pictures.

Adani Group: plans to build 3 Giga Factories by 2030.

+Tamilnad IPO was subscribed 2.86 times as of 7.00 pm, 7 Sept. Retail investors subscribed to the issue 6.48 times.

+India overtook China as it added 14 new unicorns in the first half of 2022, according to the Hurun Global Unicorn Index 2022. China added 11 unicorns during the period.

+The RBI has released a list of 34 illegal forex trading platforms and cautioned the public not to undertake transactions on unauthorised platforms.


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