CYIENT LTD
Cyient Organizes Blood Donation Drive at its Hyderabad Campus to Commemorate 100 Years of the Indian Red Cross Society
DCW LTD
DCW Limited is the biggest beneficiary of the recently announced anti-dumping duty on imported C-PVC
DCW Limited (“DCW”), India’s sole manufacturer of Chlorinated Polyvinyl Chloride (C-PVC), stands out to be the biggest beneficiary of the Government of India’s recently announced anti-dumping duty on cheap imports of C-PVC from countries such as China & South Korea.
HINDUJA GLOBAL SOLUTIONS
HGS Recognized on IAOP’s “The 2020 Global Outsourcing 100®” List
Hinduja Global Solutions (HGS) (listed on NSE and BSE in India), a global leader in business process management, was included on the 2020 Global Outsourcing 100® list by the International Association of Outsourcing Professionals® (IAOP®). This year's "2020 Global Outsourcing 100®” is a culmination and celebration of the ‘best of the best’ forward-thinking companies that have proven they stand out, year after year. This is the tenth consecutive year HGS has earned IAOP® recognition as one of the world’s top outsourcers.
“Our goal at HGS is to make our clients more competitive in their industries through continuous innovation that enhances process management and epic customer care. I believe this is why 72% of HGS revenue comes from clients that have partnered with us for a decade or more. We thank IAOP® for this honor and for affirming that the solutions we provide have transformational impact for our clients.”
HGS provides an intelligent innovation approach to meet clients at their unique stage in the transformation journey. HGS combines digital services in automation, analytics, and omnichannel solutions with domain expertise focusing on back-office processing, contact centers, and HRO solutions to help customers drive profitable engagements across a variety of vertical segments including healthcare, financial services, media, and telecommunications.
“Companies that outsource, not only in the traditional sense but also through the wide array of the everchanging collaborative business models, are scrutinizing their providers very closely, which is why choosing the right partners is more important than ever,” said Debi Hamill, IAOP CEO. “The GO100 is the definitive guide to help companies research and compare service providers with whom they are considering relationships."
The 2020 Global Outsourcing 100® and its sub-lists feature the best customer service solution companies from around the world who embody the full scope of outsourcing services. Now in its 14th year, it serves as an essential reference guide for an array of companies seeking an innovative approach to developing relationships.
MUTHOOT FINANCE
MUTHOOT FINANCE LTD raises USD 550 million from International Bond Markets
Muthoot Finance Ltd (“MFIN” or “Company”), the largest gold loan company in India, has successfully priced a USD 550 Million Fixed Rate Senior Secured Note issuance in 144A / Reg S format for a 3.5 year tenor at 4.400%. The company had successfully placed USD 450 Million for a 3 year tenor at 6.125% in October 2019. The proceeds of the issue will be used for permitted purposes including onward lending in accordance with RBI’s ECB Guidelines and other applicable laws
The transaction was officially launched on Feb 18, 2020, following which the company engaged several investors during a series of fixed income investor calls in Hong Kong, Singapore, London and US. On the back of high quality feedback, the transaction was launched with an initial pricing guidance of 4.750% area on Feb 20, 2020. Following a strong order book momentum supported by high quality real money investors, the Company was able to tighten pricing by 35bps to 4.400%.
The final order book was in excess of USD 1.6 Billion with oversubscription of more than 2.9x. The transaction witnessed 38% participation from Asia, 13% from Europe and 50% from US; with 89% investments from fund managers, 6% from private banks, 3% from insurance & banks and 2% from others
The bonds will be listed on International Securities Market of the London Stock Exchange
Company has issuer rating of Long Term rating of ‘BB+’ with ‘Stable’ Outlook by Fitch Ratings, ‘BB’ with ‘Stable’ Outlook by S&P Global Ratings and ‘Ba2’ Corporate Family Rating with ‘Stable’ Outlook by Moody’s Investor Service.
Deutsche Bank and Standard Chartered Bank acted as the Joint Global Coordinators and Joint Book Runners for the issue
M.G.George Muthoot, Chairman, on this issue stated “The response from international bond investors in our second issue is quite overwhelming. We are glad to know that global investors have understood our unique credit story acknowledging our long track record in gold loan business. This is a recognition of India’s NBFC sector. This fund raise will enable us in further diversifying and strengthening our sources of funding. We look forward to strengthening our partnership with global investors”
TCS
TCS Positioned as a Leader in Application Transformation Services by Everest Group
TCS Named as One of the Fortune Best Big Companies to Work For™ in 2020