Govt stake in Central Bank raised to 88.02 pc

MUMBAI: The shareholding of Government in the Central Bank of India has increased from 86.40 per cent to 88.02 per cent after the board of directors of the of bank allotted 35.44 crore equity shares to GOI under preferential allotment of shares.

The shares with the face value of Rs10 each was issued to the government at RS 66.43 per equity share including the premium of Rs56.43 per equity share determined as per SEBI Regulations, aggregating up to Rs2354 crore.

This was done subsequent to the passing of the Special Resolution by shareholders at an extra-ordinary general meeting (EGM) held on November 13, 2018.

Infosys’ new Tech Hub in Texas to recruit 500 Americans

BENGALURU: Infosys, a global leader in consulting, technology and next-generation services, has said it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020.

The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. Infosys’ investment in Texas reinforces the company’s commitment to driving digital transformation for American enterprises by leveraging local talent alongside the best global talent.

An official statement from the company said that these new Texas employees will include recent graduates from the state’s prestigious network of colleges, universities and community colleges and they will benefit from up-skilling through Infosys’ world-class training curriculum.

Infosys has hired over 6,200 American workers since May 2017. “We are excited to announce the expansion of our presence in Texas, which is another important step in our continued investment in driving digital transformation for American businesses,” said Pravin Rao, chief operating officer (COO), Infosys.

 

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