By Malvika Gurung
Investing.com -- HCL Technologies (NS:HCLT): In order to offer network modernisation technology to telecom companies, the IT major and IBM (NYSE:IBM) collaborated and opened a centre of excellence on Wednesday, which is a virtual hub to address and cater services to the telcos.
Vedanta (NS:VDAN): The mining major’s board approved a third interim dividend of Rs 13/share on the face value of Re 1 apiece, amounting to Rs 4,832 crore for its investors in the current financial year on Wednesday, led by a rally in commodity prices, which boosted its earnings.
Union Bank of India (NS:UNBK): The state-owned lender has raised Rs 1,500 crore through the issuance of Basel III compliant bonds to investors.
UPL (NS:UPLL): The agrochemicals major announced a share buyback of up to Rs 1,100 crore from shareholders, except promoters. The buyback will be at a share price not exceeding Rs 875/share.
Punjab & Sind Bank (NS:PUNA): The bank has an extraordinary general meeting scheduled for March 31, to pass the preferential issue of shares worth Rs 4,600 crore to the Government.
Valiant Communications (BO:VALC): The investor Duane Park picked a 1.21% equity share in the communications equipment company, raising its shareholding from 9.14% to 10.35% in the company.
Swan Energy (NS:SWAN): The green energy company’s board will consider fundraising of up to Rs 2,000 crore on March 5.