Shares of ICICI Bank are trading higher by over 1% to Rs 296 on the BSE after the company decided raising Rs 50,000 crore through private placement of securities including bonds and non-convertible debentures (NCDs).

The bank has assessed its fund requirements and it is proposed that the borrowing limits… by way of securities including but not limited to bonds and NCDs be fixed at Rs 50,000 crore, a reduction from the limit of Rs 1,00,000 crore approved at the last Annual General Meeting (AGM), said the bank in the AGM notice sent to the exchanges.

Mukesh Ambani, chairman and managing director of Reliance Industries, could use the company's 41st annual general meeting to announce plans for telecom subsidiary Reliance Jio Infocomm.

Sources said Ambani could use the platform to announce an official launch date for the venture. The group's investment in Reliance Jio Infocomm increased to Rs 29,700 crore in 2014-15 from Rs 22,700 crore in the prior financial year.

E-commerce major Amazon is likely to bring Amazon Web Services (AWS), a collection of remote computing services that make up a cloud computing platform, to Telangana.

We have requested Amazon to bring its cloud initiative AWS to Telangana besides setting up a data centre in the state capital. A delegation from the US is expected to pay a visit to Hyderabad pretty soon, and we are hopeful of receiving a positive response from them, state information technology and Panchayat Raj minister KT Rama Rao told mediapersons on Wednesday.

Infosys CEO Vishal Sikka has received 91% approval rating from his employees in a survey conducted by career portal Glassdoor for 2015. Glassdoor put out the Employees’ Choice Awards for the ‘Highest Rated CEOs’ in 2015 and these were across categories spanning North America and Europe.

Shares of Bajaj Auto have gained over 1.5% at Rs 2,217 on the Bombay Stock Exchange (BSE) on back of the sales from the auto major’s two forgotten bike brands, CT 100 and Platina.

Since January, the combined sales of Bajaj Auto in the entry level no-frills segment shot up to 80,000 units a month from an average of 35,000 units per month. Further, the market share of bikes in this segment has also gone up to 40%, an increase of 16% during this period. These brands were discontinued by the company 11 years ago.

Shares of L&T Finance Holdings has increased by 2% to Rs 62 on the BSE on reports stating that the financial services unit of engineering major L&T is in talks to sell a minority stake to Bain Capital, one of the world's leading private, alternative asset management firms.

On signing the deal, Bain Capital would have to pay approximately $350 million. The company desires to expand beyond business outsourcing and manufacturing and foray into financial services in India.

Recovering from nearly 8-month lows, the benchmark BSE Sensex gained over 250 points in late morning trade today, snapping its 6-session losing streak, on the back of a rebound in blue-chip stocks following value buying and positive cues from other Asian markets.

At 11:40 am, BSE Sensex rose 257.79 points or 0.97 per cent to 26739.04. NSE Nifty rose 72.10 points or 0.90 per cent to 8094.50.

PVR Cinemas, on Tuesday, announced the acquisition of multiplex chain DT Cinemas, a subsidiary of real estate developer DLF, on a slump-sale basis for Rs.500 crore. The move is likely to help the company cement its position as country’s largest cinema exhibition firm.

A ‘definitive agreement’ was signed post the approval by PVR’s board at a meeting held on Tuesday. PVR, in 2009, had also agreed to buy DT Cinemas but the deal fell through in February 2010.

Logistic solutions provider MYPACCO has announced that it has partnered with Alibaba as part of its Trade Facilitation Center(TFC) initiative, to offer comprehensive logistic solutions in the country.

“It will help expand opportunities for Indian SMEs to develop and grow their cross-border businesses,” MYPACCO said in a statement regarding the partnership.

American food delivery startup ‘Blue Apron’ has raised a funding of $135 million in series D round. The funding has been led by Fidelity investments along with participation from existing investors.

The newly acquired funding will be used to invest in suppliers and fulfillment operations to boost its delivery abilities all over America.

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