Shree Cement in focus on Nifty inclusion

Shree Cement will replace private lender Yes Bank in the benchmark index Nifty 50 from 27 March 2020, NSE Indices, a subsidiary of the National Stock Exchange (NSE), said on Tuesday, 18 February 2020 after market hours.

Infosys announced a long-term strategic partnership with GE Appliance, a Haier company, to effectively streamline IT operations. As an IT services partner, Infosys will help GE Appliances modernize its IT infrastructure and run IT in managed services mode as part of the overall innovation and optimization agenda.

Avenue Supermarts said the promoters of the company sold 1,48,00,000 share constituting 2.28 % of the paid-up capital to the public via offer for sale. Promoter holding in the company now stands at 74.99% of the total paid-up capital.

HCL Technologies announced that it will open a Global Delivery Center (GDC) in Hartford, Connecticut to offer digital transformation services to clients in the smart manufacturing, insurance, aerospace, and defense industries. The first anchor client for the GDC will be Stanley Black & Decker, a diversified global industrial that operates the world's largest tool company, which signed a significant global agreement with HCL Technologies.

IDFC FIRST Bank said CRISIL has assigned 'CRISIL AA/Stable' rating to the Rs 2,000 crore Tier II bonds (Under Basel III). The rating on the certificate of deposits programme has been reaffirmed at 'CRISIL A1+'.

GE T&D India said the rating agency ICRA downgraded the company's long-term rating to A+ from AA- and revised outlook to stable from negative. Decline in the company's in revenues, profitability and increase in the working capital cycle were the reasons for the downgrade. ICRA has reaffirmed the short-term rating at [lCRA]Al+

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