Wipro may gain on launching automotive center of excellence

Wipro announced the launch of an Automotive Center of Excellence (CoE) in Timisoara, Romania. This CoE will help Wipro deliver innovative embedded software solutions for its global and European clients. This engineering center in Romania is part of Wipro's global delivery network that offers best-in-class engineering and IT services. The announcement was made before market hours today, 12 September 2017.

The company plans to hire experienced technology professionals and engineering graduates from top universities in Romania, to work across technology domains such as in-vehicle infotainment, cluster display, telematics, connected cars and Advanced Driver assistance Systems (ADAS).

Currently, Wipro has development centers in Bucharest and Timisoara. In order to accommodate the increasing workforce, Wipro has expanded the office space to 12,000+ square metres in Bucharest and 3,000+ square metres in Timisoara.

Indiabulls Real Estate through its wholly-owned subsidiary, Ashkit Properties, has acquired a prime commercial land admeasuring 13,519 square meters on National Highway 8 (Plot No 20, situated in Sector 18, Urban Estate, Gurugram). The announcement was made after market hours yesterday, 11 September 2017.

The said land is situated at a developed prime commercial location, where many leading multi-nationals are operating in nearby vicinity, and will be developed as a commercial complex with an expected leasable area of around 5 lakhs square feet. The construction of 5 lakhs square feet of new office buildings is expected to finish by March, 2019. This addition of new office space will further enhance the annuity revenue to Rs 1421 crores in FY 2020-21 from the rental properties portfolio of Indiabulls Real Estate.

ICICI Bank said that the committee of executive directors constituted by the board of the bank is scheduled to have a meeting on 12 September 2017 to consider fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual additional Tier 1 bonds in single/multiple tranches on private placement basis. The announcement was made after market hours yesterday, 11 September 2017.

NTPC said that 40 megawatts (MW) out of 50 MW of Rojmal Wind Energy Project of NTPC in Gujarat has been commissioned. With this, the total installed capacity of NTPC on standalone basis has become 44482 MW and that of NTPC group has become 51698 MW. The announcement was made after market hours yesterday, 11 September 2017.

Further, the company said that Unit 2 of 250 MW of Nabinagar Thermal Power Project (4 X 250 MW) of Bhartiya Rail Bijlee Company (BRBCL), a subsidiary of NTPC is declared on commercial operation on 10 September 2017. With this, the commercial capacity of BRBCL and NTPC group has become 500 MW and 48788 MW respectively.

Andhra Bank said that the interest rates on savings bank deposits of the bank have been revised with effect from 15 September 2017. Deposits upto Rs 50 lakh will have interest of 3.5% per annum and above Rs 50 lakh will be 4% per annum. The announcement was made after market hours yesterday, 11 September 2017.

Bharti Airtel announced the launch of its Voice over LTE (VoLTE) services in Mumbai. Airtel VoLTE, which works over 4G, will offer customers HD quality voice calls along with faster call set up time. The announcement was made after market hours yesterday, 11 September 2017.

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