Wipro announced the launch of its Microsoft Business Unit. The unit will focus on the development and evangelization of solutions leveraging Microsoft's enterprise cloud services.
Yes Bank will be in focus. The Reserve Bank of India (RBI) on Wednesday withdrew its moratorium imposed on the private lender, allowing restoration of all banking operations. This came after a consortium of eight public and private banks, led by State Bank of India, agreed to infuse capital into Yes Bank to rescue it under the restructuring plan proposed by the government and RBI.
Karur Vysya Bank announced the launch of its Precious Metals Business. This new business has been launched after ensuring the highest quality risk management.
V.S.T Tillers Tractors reported 8.96% decline in power tiller sales to 1361 units in February 2020 from 1495 units in February 2019. Tractor sales fell 2.93% to 564 units in February 2020 from 581 units in February 2019.
Ashok Leyland said that the board of directors of the company have approved to acquire upto 19% additional equity shares in Hinduja Leyland Finance (HLFL), from the existing shareholders for a consideration not exceeding Rs 1200 crore.
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