Company Profile

Yes Bank has launched 'Yuva Pay, a digital wallet, in partnership with UDMA Technologies to enable contactless payments. Through the app, utility bills like municipal, house, water tax, electricity, LPG, DTH, mobile phone bills, license fee, windmill, and solar park fee, building sanction fees, and billboard taxes can be paid via Bharat Bill Pay and Unified Payments Interface (UPI).

Besides, insurance renewal, fast recharge, EMI payment, school fee can be paid through the facility. The first live program of the solution will be implemented by the Rural Development & Panchayat Raj Department, Karnataka, and the first phase will cover 158-gram panchayats with 238 villages. Subsequently, the program would be rolled out to 6,200-gram panchayats covering 12 million households across 29,000 villages in the second phase.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Yes Bank has sold 16,61,008 equity shares having nominal value of Rs 10 each, constituting 2.84% of the paidup share capital of SICAL Logistics (SICAL) in various tranches, last being on June 22, 2020 resulting into a change in holding of the Bank by more than 2% of the total shareholding of SICAL.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Info Edge’s (India) IE Venture Fund I has entered into an agreement to invest about Rs 3.5 crore in Rusk Media. The IE Venture Fund I has agreed to acquire 2,779 - 0.01% Seed Series Compulsorily Convertible Preference Shares having Face value of Rs 10 each. The aggregate shareholding of IE Venture Fund I, post this investment, in Rusk Media would be 10% on a fully converted & diluted basis. The said investment would help IE Venture Fund I to support and grow Rusk Media business in India.

Kalpataru Power Transmission’s subsidiary--- JMC Projects (India) has secured new orders of Rs 938 crore. The company has received water supply projects in Uttar Pradesh totalling Rs 841 crore and a building project in south India totalling Rs 97 crore.

Adani Power (APL) has signed a definitive agreement to acquire the 49 percent stake in Odisha Power Generation Corporation (OPGC) from the affiliates of The AES Corporation (AES), the US-based global energy company. The company will acquire a total of 89,30,237 equity shares held in OPGC representing 49 percent of the total issued, paid-up and subscribed equity share capital of OPGC for $135 million (around Rs 1,019 crore).

Piramal Enterprises’ board has approved raising up to Rs 2,590 crore through issuance of secured, rated, unlisted, redeemable non-convertible bonds on private placement basis. The Administrative Committee of the Board of Directors of the company at its meeting held on June 23, 2020 has approved the same.

Artson Engineering has received a Letter of Intent (LoI) for Rs 13.45 crore, excluding GST, from Tata Projects for Mechanical Works (Tankages and Piping) for Onshore Terminal of ONGC at Kakinada.

Wipro has been awarded a strategic, multi-year infrastructure modernization and digital transformation services engagement by Germany-based energy company E.ON. The company will transform E.ON’s legacy data centre operations to hybrid cloud model by leveraging its BoundaryLess Enterprise (BLE) framework and Wipro HOLMES, Artificial Intelligence (AI) and automation platform.

Yes Bank has sold 16,61,008 equity shares having nominal value of Rs 10 each, constituting 2.84% of the paid-up share capital of SICAL Logistics (SICAL) in various tranches, last being on June 22, 2020 resulting into a change in holding of the Bank by more than 2% of the total shareholding of SICAL.