Hero MotoCorp on Monday said it will increase the price of its motorcycles and scooters from January, 1, 2020. The company added that the prices of its products will be raised up to Rs 2,000.
Bank of Baroda on Monday said it will take part in the proposed IPO of UTI Asset Management by way of offer for sale of up to 1.04 crore shares.
HDFC: The company on Monday said it plans to acquire 9.12 per cent stake in its higher education financing subsidiary HDFC Credila Financial Services (HDFC Credila) for up to Rs 395 crore.
The company on Monday clarified that the US $990 million Minimum Revenue Commitment (MRC) with DXC starting from September, 2016 is not a cumulative calculation and works on the basis of annual thresholds that run for the full tenure of the MRC. Mphasis and DXC continues to be strategic partners, it added.
South Indian Bank:
India Ratings has downgraded lowe tier II bonds and tier II bonds from IND A+/Stable to IND A+/Negative.
The government may raise FDI limit in insurance companies to 75 per cent from 49 per cent now, according to a report by The Economic Times
According to media reports, the company has shortlisted Axis Capital, JP Morgan and Citi for its US$2 billion qualified institutional placement (QIP).
Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.