HDFC Bank, JSW Steel and Aether Industries to see some action today

HDFC Capital Advisors (HCAL), a subsidiary of the HDFC Bank, has entered into a Share Subscription Agreement for acquisition of 1,043 Equity Shares of TruBoard which post allotment, would entitle HCAL to 8.5% of the equity share capital of TruBoard on a fully diluted basis.

JSW Steel has rolled out zinc-magnesium-aluminium alloy coated steel and aimed to capture 50 per cent market share in the segment within one year's time. JSW Steel has invested around Rs 500 crore in setting up the coated capacity of 0.9 million tonnes per annum at Karnataka and Maharashtra facilities where JSW Magsure will be manufactured. JSW Steel targets a 50 per cent market share in this coated segment within one year of Magsure's launch in India. It is also exploring significant export opportunities for JSW Magsure in Europe and the Middle East.

Aether Industries has invested further in its Wholly Owned Subsidiary (WoS) Company viz. ‘Aether Speciality Chemicals’ on May 30, 2024. The WoS is in manufacturing of chemicals and operates in allied area, in-line with the Holding Company.

Axis Bank has launched NFC Soundbox in collaboration with Mastercard. An industry-first proposition for the merchant community, the new soundbox will act as an all-in-one solution allowing the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments. With this launch, Axis Bank will be the first bank in India to introduce a Soundbox that can accept Tap + Pin payments, enabling merchants to accept transactions greater than Rs 5000 via card instruments. The device will be powered with a dual confirmation feature, providing audio cues through its speaker and visual feedback on the screen in more than seven languages, ensuring a smooth and reassuring transaction experience for both merchants and consumers.

Jio Financial Services has launched ‘JioFinance’ app (in Beta mode), a cutting-edge platform revolutionising daily finances and digital banking. This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, JioFinance app will cater to users of all levels of familiarity with financial technology, ensuring effortless money management on finger-tips. Future plans include expanding loan solutions, starting with Loans on mutual funds and progressing to home loans, demonstrating a commitment to evolving customer needs.

InterGlobe Aviation (IndiGo) has launched sale on both domestic and international flights. This exciting offer presents fares starting at Rs 1,199, all inclusive. The sale commenced from May 29 and continues till May 31, 2024, and is applicable on travel from July 01 to September 30, 2024. In addition to reduced fares, customers can also avail an exclusive discount of up to 20% on preferred seat selection charges.

Quint Digital’s board has considered and approved acquiring the entire equity stake, held by 360 One Seed Ventures Fund- Series 2 (formerly IIFL Seed Ventures Fund – Series 2) in Quintype Technologies India, for an aggregate consideration of Rs 25. 42 crore, subject to the completion of customary conditions precedent and applicable closing adjustments, if any.