TOP CORPORATE NEWS - 17 NOV 2015

·Resonance Edu ventures plans for IPO

Rajasthan based coaching institute Resonance Edu ventures is planning to file for initial public offering (IPO) to raise approximately Rs700 crore to fund its expansion. The Kota based test preparation institute has 28 pan-India study centers for IIT and medical entrance exams. Earlier in 2011, CLSA Capital Partners had invested Rs140 crore for a minority stake in Resonance Edu ventures. Quadria Capital had infused Rs50-60 crore in 2010.

                                                                                                                                                                                                                                                        

·HCL gets contract by Deutsche Bank

HCL Technologies Ltd has informed regarding a Press Release dated November 17, 2015, titled 'HCL Awarded Application Development and Maintenance Services Contract by Deutsche Bank'.

·ITC Infotech forms strategic partnership with Ramco Systems

Ramco Systems Ltd has informed regarding a Press Release dated November 17, 2015 titled ' ITC Infotech forms strategic partnership with Ramco Systems'.

· SBI to soon launch wallet app

After launching a mobile wallet app, 'SBI Buddy', for smartphone users, State Bank of India (SBI) will soon come out with a similar software tool for customers with feature phones, as per reports.

The soon-to-be launched mobile wallet app will be called 'Batua'.

· ICICI Bank Canada launches student GIC programme

ICICI Bank Canada, a subsidiary of ICICI Bank, said it has been authorized by Canadian High Commission to accept GIC (Guaranteed Investment Certificate) for students aspiring to study in Canada. As per the requirement, students applying for a study permit under the Student Partner Program me (SPP), are required to invest in a GIC of 10,000 Canadian dollar with a bank in Canada authorized to offer this facility, ICICI Bank said in a statement.

· Thomas Cook India inks pact with OYO Rooms

Thomas Cook India has entered into a partnership with online aggregator of budget hotels, OYO Rooms, offering access to over 3,200 hotels, spread over 140 cities across India. The company's partnership with OYO Rooms aims at providing a wide range of standardised stay options, optimal locations (both business and leisure areas) and maximised savings, Thomas Cook India said.

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