HSBC says sorry over past standards at Swiss bank
HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of clients to dodge taxes. Europe’s largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on the... read more »
Sensex surges 132 points
Continuing its upward journey for the fifth consecutive session, the benchmark BSE Sensex gained 132 points in early trade on Monday as funds and retail investors enlarged positions on hopes of pro-growth Budget and better third quarterly earnings by some bluechip companies. Besides, a firming... read more »
Infosys to buy automation tech company Panaya
Country’s second-largest software services firm Infosys will acquire U.S.-based automation technology company Panaya for an enterprise value of $200 million or over Rs. 1,200 crore. The all-cash deal is part of Infosys’ ‘Renew and New’ strategy to enhance the competitiveness and... read more »
Power Grid to raise Rs.1,500 crore
Power Grid Corporation of India will raise Rs.1,500 crore through bonds to meet the capital expenditure plans for this year, its Chairman and Managing Director R. N. Nayak said. “For this financial year, we have capital expenditure plan of Rs.22,000 crore, out of which Rs.17,700 crore has already... read more »
