Bharat Dynamics To Hog Limelight On Debut

Shares of state-run defence equipment maker Bharat Dynamics debut on the stock exchanges today, 23 March 2018. The issue price is Rs 428 per share. The initial public offer (IPO) of the company that concluded last week was subscribed 1.3 times. The price band for the issue had been fixed at Rs 413 to Rs 428 per share.

Mahindra & Mahindra (M&M) announced that Mahindra and Ford signed five new memoranda of understanding (MoU) to co-develop midsize and compact SUV and electric vehicle, along with sharing powertrain portfolios. It also aims to embark on joint development of connected vehicle solutions. The agreement strengthens strategic collaboration between these two firms by focusing on product development for India and emerging markets. The MoUs, which are non-binding, mark the progress made by the two companies since announcing their alliance in September 2017. The announcement was made after market hours yesterday, 22 March 2018.

Infosys announced that it has made a follow-on investment of US$ 1.5 million through the Infosys Innovation Fund in Waterline Data Science, a leading provider of data discovery and data governance software. Infosys had made an initial investment of US$ 4 million in the company in January 2018. The announcement was made after market hours yesterday, 22 March 2018. Read More…

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