13 Jun 2017

#nestle, #tcs, #kotak mahindra bank

In the private sector, Nestle India continues its efforts to broaden market share by launching iron-fortified, low-salt lines of Maggi instant noodles aimed at health conscious consumers. ITC is also broadening its market appeal by adding frozen foods and planning a launch of sauces and condiments. Infosys reports institutional clients pushing for 20-30% cost reductions over a five year period. TCS applied for less than a third of previous numbers of H-1B visas in the US last year as it stepped up recruitment from US engineering and business schools. Kotak Mahindra Bank is to seek approval at its AGM in July for $800mil in additional capital funding. It plans to raise this amount by way of private placement of convertible securities.

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