Yes Bank will be watched on partnering GSRTC to digitize bus travel payments

Yes Bank announced that it has partnered with the Gujarat State Road Transport Corporation (GSRTC) to digitize payments of bus tickets for its customers. Under the partnership, Yes Bank will install over 125 PoS (point-of-sale) terminals to facilitate booking of tickets through credit and debit cards at all the GSRTC bus depots. Yes Bank is already live with 50 terminals as on date and will achieve a number of 125 in the next couple of weeks as part of the first phase of implementation. The announcement was made after market hours yesterday, 24 November 2016.

Union Bank of India said it issued 7,500 redeemable, unsecured subordinated basel III compliant Tier II bonds eligible for inclusion in Tier 2 capital. The bonds were issued on 24 November 2016 at face value of Rs 10 each each, aggregating to Rs 750 crore. The announcement was made after market hours yesterday, 24 November 2016.

Wipro announced that it has completed the acquisition of Appirio on 23 November 2016. As mentioned in the media presentation submitted as part of results for the quarter ended 30 September 2016, impact of the Appirio acquisition is expected to reflect in the financials of Wipro for the quarter ending 31 December 2016, the company said. The announcement was made after market hours yesterday, 24 November 2016.

Sunil Hitech Engineers announced that it has fixed 3 December 2016 as record date for 10-for-1 stock split and fully paid up bonus equity shares of face value of Re 1 each in the proportion of one bonus equity share for every one equity share of face value of Re 1 (i.e. as adjusted for stock split). The announcement was made after market hours yesterday, 24 November 2016.

Bata India, BEML and Spicejet are among few prominent companies which are scheduled to announce the results for the quarter ended 30 September 2016 today, 25 November 2016.

Jagran Prakashan announced that board of directors of the company's subsidiary, Music Broadcast (MBL), approved an initial public offer (IPO). The IPO will comprise of a fresh issue of upto Rs 400 crore and an offer for sale by existing shareholders. MBL has sent has sent a letter of transmittal to its shareholders seeking their participation in the offer for sale for the sale portion of the IPO. The announcement was made after market hours yesterday, 24 November 2016.

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