Infosys: Infosys collaborates with Archrock, the leading provider of natural gas compression services in the US, to integrate digital technologies and mobile tools for its field service technicians.
Jindal Steel & Power: Jindal Steel & Power Limited (JSPL) continued to report strong production so far in FY22. Steel production increased by 31 per cent YoY to 13.71 lakh tonnes in Apr-May 21 (April 6.81 lakh tonnes and May 6.90 lakh tonnes) as compared to 10.44 lakh tonnes in the same period last year. Steel sales also increased by 7 per cent YoY to 10.58 lakh tonnes (April 5.59 lakh tonnes and May 4.99 lakh tonnes). Exports accounted for 21 per cent of sales volumes in April, with the share rising further to 36 per cent in May.
Punjab National Bank: Reserve Bank of India has imposed a penalty of Rs 2 crore on PNB for non-compliance with the directions on identification & reporting of frauds and (ii) inaccurate data reporting on Central Repository of Information on Large Credits (CRILC) platform, for the years 2017-18 and 2018-19.
Wipro: Wipro announced that it has been named by Zinnov as the ‘industry leader’ for its engineering and research & development (ER&D) along with the internet of things (IoT) services for the eleventh consecutive year.
Tips Industries: Due to the strong liquidity position enjoyed by the company, its unutilised line of credit with Bank of Baroda has been closed with immediate effect. The company continues to remain debt-free.
TCS: TCS has been recognised as a leader in intelligent process automation by Everest Group.
Union Bank of India: Slippages during FY21 have reduced by 30.63 per cent as compared to FY20 (from Rs 25,147 crore during FY20 to Rs 17,443 crore during FY21). Net NPA of Q4FY21 stood at 4.62 per cent.
Indiabulls Housing Finance: Indiabulls Housing Finance Limited (IBH) and Indiabulls Commercial Credit Limited (ICCL) has entered into a strategic co-lending partnership with Central Bank of India to offer secured retail loans & secured MSME loans, respectively at competitive rates.
Surya Roshni: The company received an order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from lndradhanush Gas Grid Limited (IGGL).