BENGALURU: Wipro has won a $150 million (Rs 900 crore) IT outsourcing deal from the Allied Irish Banks (AIB), one of the big four commercial banks in Ireland. India's third largest IT services company will provide infrastructure management services (IMS), data centre and hosting services to AIB over five years. "We are excited to partner with AIB in their journey to transform the Bank. We will bring our expertise to build agile and adaptive infrastructure while improving the predictability and cost effectiveness of services," said Rajan Kohli, senior vice president and global head - banking and financial services in Wipro.

GMR Infrastructure Ltd on Tuesday said multilateral finance institution Asian Development Bank (ADB) will lend $75 million for its $750 million Philippines airport project.

GMR-Megawide Cebu Airport Corp. (GMCAC), a joint venture between GMR (40% shareholding) and Megawide Construction Corp. (60%), has amended its financing documents of its Mactan Cebu International Airport located in Cebu, Philippines to include the ADB loan, GMR Infrastructure told the Bombay Stock Exchange.

Mumbai: The State Bank of India (SBI) is looking to raise Rs.15,000 crore from the markets.

In a notice to the exchanges on Tuesday, the country’s largest lender said it’s board has decided to take an enabling provision to raise additional equity capital via a follow on public issue, rights issue or private placement, including a possible qualified institutional placement (QIP) issue.

As many as three firms, including State Bank of Travancore and Zee Media Corp, approached market regulator Securities and Exchange Board of India (SEBI) in January to raise nearly Rs.700 crore through rights issue.

Apart from these two firms, Everlon Synthetics has also filed draft papers with SEBI to mop up funds by issuing equity shares to existing shareholders.

Private lender Yes Bank shares touch all-time high of Rs 882 in the intra-day trade of Monday. This was the highest level the stock touched since it debut in 2005.

JPMorgan said that it has upgraded the private lender to 'overweight" from 'underweight'

Domestic car manufacturer Maruti Suzuki today reported a 18% growth in net profit to Rs 802 crore for the quarter ended December 31, 2014 on the back of higher volumes, material cost reduction initiatives and favorable foreign exchange rates.

Net sales went up 15.5% to Rs 12,263 crore.

Air India has cancelled two of its three non stop flights to the US, with blizzard hitting the country's eastern coast. A state of emergency has been declared in North East states of the US.

New York's JFK and La Guardia and Newark airport are impacted, with airlines cancelling hundreds of flights.

The Mahindra & Mahindra Financial Services (MMFS) scrip has underperformed the benchmark S&P BSE Sensex in the past month and corrected 17 per cent.

A slowing rural economy, worsening asset quality and weak earnings growth are the key reasons for this underperformance. Most leading brokerages have trimmed their earnings estimates for FY15 and FY16 to factor in these negatives.

Tata Consultancy Services (TCS), India’s largest information technology (IT) services provider, might soon discontinue sharing certain growth metrics. TCS is set to start a process by April this year to review the growth parameters representing the current business environment. Growing noise around metrics such as volumes and realisations along with increasing proportion of fixed-price projects are the key reasons behind this move.

Washington and New Delhi have announced they have bridged the gulf that has deterred US nuclear power generation companies from entering the Indian market since 2008, when the US-India civil nuclear agreement was signed.

On Sunday, President Barack Obama hailed the "breakthrough" agreement after talks with Prime Minister Narendra Modi.

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