8/June/2023 Today Latest News and Updates in Finance and Stock Market
Axis Bank executed first Non-Deliverable Derivative Transaction with domestic corporate client
Axis Bank, the largest private sector banks has dealt its first onshore INR Non Deliverable Derivative trade with a large South based domestic corporate client. Axis Bank is one of the first Indian banks to execute such a transaction, following the recent guidelines issued by the Reserve Bank of India (RBI).
The RBI guidelines 6th June 2023, have permitted banks to offer onshore Non Deliverable Derivative Contracts involving INR to resident clients. These contracts will be cash settled in INR.
Happiest Minds acquisition of Sri Mookambika Infosolutions
Happiest Minds acquisition of Sri Mookambika Infosolutions “SMI”, we hereby inform you that the integration process and the conditions subsequent to closing of the acquisition has been completed on June 7, 2023.
ZEN TECHNOLOGIES ORDER FROM GOVERNMENT OF INDIA. FORESEES MORE ORDERS IN NEAR FUTURE
Zen Technologies, a leading provider of military training and anti-drone solutions, is pleased to announce a significant order win from the Ministry of Defense, Government of India value approximately ₹202crores.The Company looks forward to securing additional size able contracts with in the next quarter. This order win under scores Zen Technologies’ stead fast commitment to delivering innovative solution sand driving transformative impact.
KPI Green Energy Received Commissioning Certificates from GEDA
we have received Commissioning Certificates from Gujarat Energy Development Agency (‘GEDA’) for our 26.10MW wind-solar hybrid power project comprising 16.10MW wind and 10MWdc solar capacity, being our own power generating asset portfolio, at Bhungar site in Bhavnagar, Gujarat, under the Gujarat Wind-Solar Hybrid Power policy 2018.
IndusInd Bank & Ministry of Finance, Madhya Pradesh State Government empanels IndusInd Bank as ‘Agency Bank’
IndusInd Bank announced appointed as an authorized ‘Agency Bank’ by the Ministry of Finance, Madhya Pradesh State Government. This appointment will enable IndusInd Bank for online collection of State Government Revenue and Receipts such as GST and VAT, collection of stamp duty and pension amounts on behalf of the Madhya Pradesh state government.
This arrangement aims to grow for business groups, state government departments and individuals in Madhya Pradesh to make payments to state government conveniently and on a real time basis to using a AI, eliminating the requirement for in-person visits to Bank branches.
Trigyn Technologies EXTENSION OF UN CONTRACT Supporting UN Missions & Offices Worldwide
We are pleased to inform you that the contract of our wholly owned subsidiary Trigyn Technologies Inc., with the United Nations for the provision of IT Staffing Support Services for Office of Information and Communications Technology (OICT) is now extended and will expire on 31 December 2023.
Further the Not-To-Exceed Amount (NTE) to be made by the United Nations under this Contract is revised to US$ 259,784,497.84.
