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Bengaluru-based IT services major Wipro has acquired Capco, a consultancy firm in banking and financial services space, for $1.45 billion.

This is by far the largest ever acquisition the company has made.
The London-headquartered The Capital Markets Company (Capco) is a management and technology consultancy firm that provides digital, consulting, and technology services to the global banking and financial services industry.
On the occasion of Women's Day, the Maharashtra government announced a 1 percent cut on stamp duty charges if the transfer of house property or registration of sale deed is in the name of a woman.

"On International Women's Day, I propose concession in stamp duty of 1 percent over the prevailing rate exclusively to women, provided the transfer of house property or registration of sale deed is in the name of woman or women only," Maharashtra finance minister Ajit Pawar said while presenting the state Budget on March 8.
Yes Bank on Monday reported loan growth for the first time in the last seven quarters. The bank's loans and advances grew by 0.8 percent to Rs 1,72,850 crore at the end of March 2021 as compared to Rs 1,71,443 crore in the same period a year ago.

On a quarter-on-quarter basis, the bank's loan growth was 2.25 percent, the highest in past 10 quarters.

Under this, the gross retail disbursements during the March quarter rose 154.3 percent to Rs 7,828 crore from Rs 3,078 crore, YoY.

Yes Bank's deposits as of March 31 increased by 54.7 percent to Rs 1.62 lakh crore as against Rs 1.05 lakh crore by end of March 2020, the bank said in its quarterly update to the exchanges.
Mukesh Ambani-owned Reliance Jio on April 6 announced signing of definitive agreement for trading of right to use spectrum in the 800Mhz band with Bharti Airtel limited in Andhra Pradesh, Delhi and Mumbai circles.

The aggregate value for the right to use this spectrum is Rs 1,497 crores, inclusive of present value of associated deferred payment liability of Rs 459 crores, subject to any transaction related adjustments.
The Union cabinet has approved two Production Linked Investment (PLI) schemes on white goods and solar photovoltaic (PV) cells. The schemes are part of the umbrella PLI policy for 13 sectors, out of which nine have been approved. The remaining four are under advanced stages of approval, the government said.

The high efficiency solar PV PLI scheme will have an allocation of Rs 4,500 crore aimed at creating capacity of 10,000 MW. The scheme is expected to generate 30,000 direct and 1.2 lakh indirect jobs in the sector.
The Reserve Bank of India (RBI) on April 8 announced the purchase of Government securities worth Rs 25,000 crore under the Government securities purchase programme announced by governor Shaktikanta Das on April 7.

Announcing the monetary policy, the RBI governor, Shaktikanta Das, announced that the Reserve Bank will conduct open market purchase of government securities of Rs one lakh crore under the G-sec Acquisition Programme (G-SAP 1.0) in Q1 2021-22 with a view to enabling a stable and orderly evolution of the yield curve.

The first purchase of government securities for an aggregate amount of Rs 25,000 crore under G-SAP 1.0 will be conducted on April 15, 2021, the RBI said in a statement.