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INDIGO
(IndiGo) has launched a co-branded premium credit card in collaboration with SBI Card, offering a host of benefits to the customers of the two companies. Launched in two variants -- IndiGo SBI Card and IndiGo SBI Card ELITE -- as part as part of the IndiGo BluChip loyalty program, the SBI IndiGo card holders can earn rewards on all spends made on offerings within IndiGo's ecosystem, and on hotel and travel bookings, among other categories.
EXIDEIND
(EIL) has invested Rs 80 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions (EESL), on rights basis. With this investment, the total investment made by the company in EESL stands to Rs 3,882.23 crore. There is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition.
RITES
has received letter of award from Talis Logistics, South Africa for Supply and commissioning of Overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. The delivery of the locomotives will be completed within 6 to 8 months from the receipt of Advance. Broad consideration or size of the order(s)/contract(s) is $18.00 million (CIF).#WatchOutFor#StockInNews#FundamentalViews#TechnicalViews#EquityResearch
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