SBI Cards and Payment Services (SBI Card) has been seeing over 50 per cent of its transactions via online payments such as on groceries, utility bills, insurance premium, and hopes the trend to go up further as point of sale purchases are yet to pick up, top company executive said. Keeping a watch on the recent coronavirus resurgence in the country across some key locations, SBI Card MD and CEO Rama Mohan Rao Amara said it would be too early to say whether it will have any bearing on people s purchasing behaviour. However, online payments is a trend which is going to go up further, he added.
Following the recent announcement of its global AACSB accreditation (Association to Advance Collegiate Schools of Business ), NUI Galway’s JE Cairnes School of Business and Economics is now accepting applications for its 30% Club Scholarship for September 2021. Now in its fourth year, the scholarship aims to advance female leadership in business organisations and is a key influence in the increased number of female participants applying to and joining the university’s MBA programme.
Read more about Indices turn range bound; breadth positive on Business Standard. At 11:23 IST, the barometer index, the S&P BSE Sensex, was up 318.84 points or 0.63% at 50,713.92. The Nifty 50 index gained 81.3 points or 0.54% at 15,010.
Tata Communications slumped 4.68% to Rs 1236.60 after the offer for sale (OFS) opened for non-retail investors today, 16 March 2021.
Through the OFS, the Government of India proposes to sell up to 2,85,00,000 equity shares (representing 10% stake), with an option to sell an additional 6.12% stake or 1,74,46,885 equity shares in case of oversubscription.
The floor price for the OFS is Rs 1161 per equity share, a 10.51% discount to Tata Comm s closing price of Rs 1297.30 on Monday, 15 March 2021.
The total OFS size (base size + green shoe) stands at 4,59,46,885 shares, representing 16.12% of outstanding equity shares of the company, aggregating to Rs 5,334.43 crore.
The Government of India held 26.12% stake in Tata Communications as of 31 December 2020.