President Trump becomes the first president to be impeached twice. Trump was charged with “incitement of insurrection”, in a swift and stunning collapse in his final days at the White House. At least five people died in the violence that ensued as pro-Trump protestors breached barricades and advanced into the halls of the Capitol building, smashing windows and brawling with police officers. Some Republicans have told Trump to resign, including Pennsylvania Senator Pat Toomey and Alaska Senator Lisa Murkowski, and few are defending him.
IRFC IPO to fetch Rs 3,100 crore for a firm, Rs 1,500 crore for Centre. The dedicated railway’s finance company plans to use the proceeds towards augmenting the company’s equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes. The initial public offering (IPO) of state-run Indian Railway Finance Corporation (IRFC) will hit the market on January 18 to mobilise about Rs 4,600 crore for the company and the Centre. The price band for the IPO has been set at Rs 25-26 per equity share and the issue will close on January 20.
Wipro Q3 net rises 21% to ₹2,968 cr; expects Q4 revenue growth at 1.5%-3.5%. Total revenue rose marginally to ₹15,670 crores in Q3FY21. Wipro CEO Thierry Delaporte says the company saw a second straight quarter of strong performance and that revenue growth is at the upper end of their guidance. Wipro on Wednesday reported a 21% rise in consolidated net profit at ₹2,968 crores for the quarter ending 31 December 2020. It was ₹2,456 crores in the year-ago period.
Infosys to hire 24,000 freshers in FY 2021-22, aims to double growth. Infosys is gaining market share steadily, Expect double-digit growth for FY22: CEO Salil Parekh. Infosys outperforms TCS and Wipro in Q3 results on revenue growth and is gaining market share. The company has also declared its earnings results for Q3 of the current financial year on Wednesday. It reported net profit growth of 16.6% year-on-year (YoY) to Rs Rs 5,197 crore during the third quarter of FY21 compared to Rs 4,845 crore in the same period last year.
ESIC could also be allowed to take a position 15% of the corpus in mutual funds, shares. The ESIC corpus presently stands at over ₹90,000 crores. Of this, over ₹23,000 crores are earmarked as a reserve fund, whereas the remaining is invested in authorities securities (45-65%), debt and associated devices (20-45%), and short-term money owed together with mounted deposits (5-10%) primarily based on the normal funding sample of ESIC.
The authorities are eyeing modifications to the funding sample of the Employee State Insurance Corporation (ESIC) to permit it to take a position as much as 15% of its corpus in equities and mutual funds, bringing it on a par with the method adopted by the Employees’ Provident Fund Organization. The transfer is aimed toward guaranteeing that the rising ESIC corpus fetches greater returns
Dell 5G infrastructure will become software-defined, an ecosystem to be enterprise-driven. The fifth-generation (5G) telecom ecosystem will shift to become more enterprise-driven from consumer-focused in 2021 and the fundamental architecture become software-defined, said John Roese, global chief technology officer, Dell Technologies.
Govt okays purchase of 83 Tejas Mk1A fighter jets for Rs 48,000 cr. The LCA-Tejas is going to be the backbone of the IAF fighter fleet in the years to come. LCA-Tejas incorporates a large number of new technologies many of which were never attempted in India. The indigenous content of LCA-Tejas is 50 per cent in the Mk1A variant which will be enhanced to 60 per cent.
The Light Combat Aircraft Tejas is indigenously designed by the Aircraft Development Agency (ADA) under the Defence Research and Development Organisation (DRDO) and manufactured by Hindustan Aeronautics Limited (HAL). The HAL has already set up second-line manufacturing facilities at its Nasik and Bengaluru Divisions. Equipped with the augmented infrastructure the HAL will steer LCA-Mk1A production for timely deliveries to the IAF.
Dixon Technologies to make Nokia mobile phones, Toshiba TVs in India. Dixon will through its subsidiary Padget Electronics begin assembling phones for Nokia and Motorola parent HMD Global, at its Noida factory. Further, smart TVs of Intex, Lloyd, Nokia and Toshiba will be manufactured at its Chittor factory. Dixon Technologies is approved for government incentives for incremental production of mobiles and is investing Rs 250 crore to expand this – Rs 75 crore of which will be used in Phase 1.
US-based investment firm KKR & Co said on Thursday it had closed its first fund targeting real estate investments in the Asia-Pacific at $1.7 billion. John Pattar, KKR head of real estate Asia, told Reuters the new fund would focus on Asia’s urbanisation trends, corporate carve-outs of non-core real estate assets in Japan and also take-private opportunities in markets including Australia, Singapore and Japan.