1 / 9SpiceJet | Ajay Singh has unveiled the airline's ambitious plans for growth and network expansion, propelled by a fund infusion of ₹2,250 crore. Also, SpiceJet is set to launch new flight routes connecting Ayodhya with multiple cities across the country. Further, Singh announced exclusive rights under the Regional Connectivity Scheme for Lakshadweep.
2 / 9Kalyani Steels | The company said it has emerged as the successful bidder for the acquisition of assets belonging to Kamineni Steel & Power India Private Ltd. The acquisition, conducted through an e-auction platform under the Insolvency and Bankruptcy Code, 2016, marks a strategic move for Kalyani Steels as it expands its footprint in the steel manufacturing sector.
3 / 9Bank of Baroda | The state-owned bank revised its marginal cost of lending rates (MCLR) by 5 bps, or 0.05%, for overnight, six-month, and one-year tenures with effect from January 12, 2024. After the revision, its overnight MCLR rate jumped to 8.05% from 8.00%. The bank increased the six-month MCLR rate to 8.60% from 8.55%. The one-year MCLR rate rose to 8.80%.
4 / 9Nuvama Wealth Management | Nuvama Asset Management and Cushman & Wakefield have announced the formation of a new 50:50 joint venture entity, Nuvama and Cushman & Wakefield Management (NCW). The NCW is planning to launch its first real estate fund – PRIME Offices Fund (PRIME) and aims to raise ₹3,000 crore to invest in prime commercial offices across India’s high-growth markets.
5 / 9Phoenix Mills | Retail mall developer reported its business update for the third quarter and nine months ended December 31, 2023. The company achieved its highest quarterly consumption, totalling ₹3,287 crore. This reflects a year-on-year (YoY) growth of 24% over the same period in FY23.
6 / 9Bank of India | State-run bank said its total business, on a global scale, witnessed a significant uptick, rising 9.9% to reach ₹12.76 lakh crore, compared to ₹11.61 lakh crore in the same period last year. Globally, total deposits increased 8.66%, reaching ₹7.10 lakh crore compared to ₹6.53 lakh crore in the corresponding quarter of the previous year.
7 / 9Satin Creditcare | Microfinance lender said the company is considering fundraising via NCDs on January 15. "...we wish to inform you that a meeting of the Board of Directors of Satin Creditcare Network is scheduled to be held on January 15, 2024, inter alia, to consider and approve the proposal of raising of funds by way of public issue of Non-convertible Debentures," it said.
8 / 9TCS: The IT services giant Tata Consultancy Services will report its earnings for the October to December 2023 quarter later in the day.
9 / 9Infosys: The tech services behemoth too is due to report its quarterly earnings for the third quarter or FY24 later in the day.
