Equities set to open flat; Infosys, Wipro likely to set the direction
January 13, 2021
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Indian stock markets are expected to open in a narrow range on Wednesday as mixed cues emerge from Asian markets and SGX Nifty. The SGX Nifty futures is currently ruling at 14,626 as against the Nifty futures Tuesday closing of 14,624.
Asian stocks in Japan, Hong Kong and Australia are trading slightly higher while China market is in the red. Overnight, the Dow Jones Industrial Average rose 60 points, or 0.19 per cent, to 31,068.69, the S&P 500 gained 1.58 points, or 0.04 per cent, to 3,801.19 and the Nasdaq Composite added 36.00 points, or 0.28 per cent, to 13,072.43.
Read more about Tata Motors, Hero MotoCorp, Bharti Airtel in focus on Business Standard. Among key results Infosys and Wipro will announce their quarterly earnings today, 13 January 2021.
Tech Mahindra signs agreement with FIS, to acquire captive unit in Asia
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Last Updated: Jan 12, 2021, 07:14 PM IST
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Synopsis
As part of the agreement, Tech Mahindra will buy FIS subsidiary Payments Technology Services for $9 million.
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Tech Mahindra today announced a professional services agreement with FIS to scale its enterprise payments and banking capabilities.
The company will acquire Payments Technology Services, a subsidiary of FIS, for $9 million as part of the agreement. Based in Asia, Payments Technology Services is a payments solutions provider focused on the banking and financial services industries.
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Technuter
Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, announced today a professional services agreement with FIS to scale its enterprise payments and banking capabilities. This agreement aligns with Tech Mahindra’s strategy to expand its BFSI (banking, financial services and insurance) footprint globally. In support of this strategy, Tech Mahindra will also build a state-of-the-art Centre of Excellence (CoE) in Chennai, India.
Tech Mahindra will also acquire Payments Technology Services Limited a subsidiary of FIS. Based in Asia, Payments Technology Services Limited is focused on serving the banking and payment needs of Asian financial services firms.
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