Author: Sharique Samsudheen

Founder & CEO at fundfolio. Entrepreneur at Heart, Startups, Personal Finance and Investment freak!
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News Shots Reliance Industries is closing a deal to acquire REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp.  Bharat Forge said that reports on Tesla talks were incorrect. Sunil Mittal of Bharti Airtel says it is time to raise tariffs. Jindal Steel & Power’s board has […]
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News Shots Infosys’ major’s subsidiary, Infosys Public Services Inc (IPS), has been awarded a contract by Manitoba Public Insurance (MPI) to digitize driver licensing, vehicle registration, and International Registration Plan (IRP) services for over 900,000 Manitobans. Steel Authority of India is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in […]
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News Shots Bharti Airtel board will meet on August 29 to consider various capital raising options, including equity and debt. Infosys will set up a new digital development center at its largest Canadian office in Mississauga, a move that will help in creating 500 high-quality jobs in the Toronto region over the next three years. […]
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News Shots National Investment and Infrastructure Fund (NIIF) is in advanced negotiations with Larsen and Toubro (L&T) to invest up to Rs 4,000 crore in Hyderabad Metro. Rakesh Jhunhunwala has picked up 1.59 percent stake in Canara Bank worth Rs 407 crore according to Tuesday’s closing price. Wipro will open a new delivery centre in […]
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News Shots With the new income tax portal remaining unavailable for almost two consecutive days, the Finance Ministry has “summoned” Infosys MD and CEO Salil Parekh on Monday to explain to Finance Minister Nirmala Sitharaman the reasons for continued glitches even after over two months of launch. Zydus Cadila’s Covid vaccine, ZyCoV-D, has received approval […]
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News Shots Private equity group Carlyle has emerged as the frontrunner to acquire Hexaware Technologies from its PE owner Baring Private Equity Asia (BPEA) with a bid of $3 billion (Rs 22,500 crore) Vodafone Idea has paid its licence fee dues for first quarter 2021-22. A report had earlier suggested that the operator fell Rs […]
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News Shots Eight months after barring the country’s largest private sector lender HDFC Bank from selling new credit cards, the Reserve Bank of India (RBI) has lifted the ban. However, the ban on launching new technology initiatives remains. Coal India suffered losses to the tune of Rs 700 crore in the April-June quarter owing to […]
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News Shots Infosys will make an additional investment of USD 0.45 million in TidalScale Inc, taking its total investment in the software-defined-server technology startup to USD 3.45 million Adani Enterprises wholly-owned subsidiary Adani Road Transport will acquire a 49 per cent stake in Maharashtra Border Check Post Network Ltd, with an option to acquire additional […]
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News Shots There are 4 IPO listings today. ​​Devyani International, Krsnaa Diagnotics, Exxaro Tiles and Windlass Biotech will mark their debut in the exchanges today. Rogers Communications, a Canadian telecom service provider and media company, has selected HCL to expand support of operational stability excellence in business and operational support systems and corporate IT systems. […]

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