NORD/LB, a leading German commercial bank, has selected Tata Consultancy Services (TCS) as its strategic partner for its IT transformation. NORD/LB initiated a transformation journey that focuses on a new business model by 2024, and a leaner, more agile operating model. It collaborated with TCS in this journey for the latter’s extensive knowledge of Germany’s banking and financial services.

Mahindra Manulife Investment Management Private Ltd (MMIMPL), on September 28, unveiled the ‘Mahindra Manulife Asia Pacific REITs FOF’, an open-ended fund of fund scheme investing in Manulife Global Fund – Asia Pacific REIT Fund. The new fund offer opens on September 28 and closes on October 12. The scheme will reopen for continuous sale and repurchase from October 22.

SuperZop garnered $4 Mn in its Series A funding from Incofin’s India Progress Fund, with an aim to scale up and expand its business, invest in technology and further expand its product offerings. Founded by Raghuveer Allada, Prithwi Singh and Darshan Krishnamurthy in 2016, the Homegrown agri-tech startup allows small retailers and restaurants to buy staples directly from farmers.

Central Bank of India stocks traded on a bullish note on Tuesday after ICRA reaffirmed the rating of the Tier 11 Bonds at ICRA A+. The outlook on rating has been revised to stable. Earlier, CRISIL Ratings had reaffirmed the Bank’s credit rating on long-term debt instruments of the lender. Central Bank of India is an Indian nationalised bank. It is under the ownership of the Ministry of Finance.

Dish TV has got a breather, as the Registrar of Companies offered the company an extension of two months to call an Annual General Meeting (AGM) from the due date by which it ought to have been held. The Direct-to-Home (DTH) service provider on September 19, had sought an extension to hold shareholders' meet to gain some time required for any change in the CEO or the board of directors.

Nucleus Software reported that its offline retail payment product, PaySe is successfully assessed by RBI under the cohort of Regulatory Sandbox with “Retail Payment” as its theme. PaySe is the world's first online & offline digital payment solution designed and created with an aim to democratize money. It aims to make banking services available to the unbanked in remote geographies.

Indraprastha Gas entered into a Memorandum of Understanding with South Delhi Municipal Corporation (SDMC) to develop a waste to energy plant in Delhi. It will convert Municipal Solid Waste into Compressed Bio-Gas (CBG) for use as fuel for running vehicles. As per the Ministry of Petroleum & Natural Gas, the agreement was signed as a part of the extension of the SATAT initiative of the govt.

Steel Authority of India Limited (SAIL) conducted its 49th Annual General Meeting on September 28, 2021, on the virtual platform. Attending the meeting from the Company’s headquarters, Soma Mondal, Chairman, SAIL addressed the shareholders on this occasion. She told the shareholders that with the improved leverage position, the company is ready to move into the next phase of expansion.

Unison Metals announced that the Record Date for determining the entitlement of the equity shareholders of the Company for the Bonus Shares has been Fixed by the Board at October 08, 2021, subject to the approval by the shareholders for issuance of Bonus shares and Increase authorized share capital of the Company. Post this news, the company shares climbed 5% upper circuit.

Some customers of ICICI Bank and State Bank of India (SBI) on September 28 reported digital outages in the internet and mobile banking platforms. According to the downdetector, a website that detects digital outages, the outage took place between around 8 AM to 11 AM. Around 217 ICICI Bank customers reported problems with internet banking.

The government has decided on the borrowing programme for the second half (H2) of FY 2021-22. The decision has been finalised in consultation with the RBI. In line with Union Budget for FY22, the Centre now plans to borrow the remaining Rs5.03 lakh cr n second half-year (H2) of FY 2021-22. For FY22 in the Union Budget, the government has targetted Rs12.05 lakh cr of gross market borrowing.

Tata Motors on Tuesday launched the 1,00,000th unit of its hatchback Altroz, from the company’s facility at Pune. The city-headquartered vehicle maker had begun Altroz production at the fag-end of November 2019. The initial launch of this vehicle was in January 2020. Altroz is the first vehicle model built on the ALFA (Agile Light Flexible Advanced) architecture.

Indicating a truce between the warring brothers, real estate company Omaxe Ltd has declared Sunil Goel, brother of chairman and MD Rohtas Goel will join as additional director (executive) with effect from October 1, 2021 for a period of five years. He was the former joint managing director of the realty firm. The appointment is subject to shareholders' approval.

Education loan startup Credenc on Tuesday declared that it acquired of digital content platform ObserveNow for an undisclosed amount, and insisted that the “strategic acquisition will help Credenc enable more education loans across diverse verticals". “Credenc, which is a Capital India company, with this deal will further solidify relationships across all verticals…by consolidating ObserveNow.

State-backed Life Insurance Corp of India (LIC) is looking to appoint a chief financial officer, as per the notification on its website, prior to its initial public offering slated before the end of the fiscal year.  The decision to hire a CFO follows a settlement to re-designate LIC’s top job to chief executive officer from chairman earlier this year.