Canara Bank: The public sector lender on Monday said its board has approved the split of each share into five shares, in an exchange filing. Canara Bank added that the move is aimed "to improve the liquidity of the Bank’s share and to make it affordable for retail investors and also to broaden the retail investors base". The expected time of completion for the stock split is 2–3 months, the public sector lender added.
The Centre owns nearly 63% stake in Canara Bank, while public shareholders own the rest. Wipro: The IT services company and Nokia Corporation have jointly launched a private 5G wireless solution to help enterprises in their digital transformation. The offering will initially be available only to companies operating in the manufacturing, energy, utilities, transportation, and sports entertainment space, Wipro said in a release on Monday.
Wipro said the new technology’s speed and security coupled with the AI-driven automation it provides, would help companies improve their operational efficiencies. Zee Entertainment Enterprises: Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, is not cooperating in an investigation into alleged diversion of funds from the media company, the Securities and Exchange Board of India (Sebi) has informed the Securities Appellate Tribunal (SAT) hearing the matter. Chandra's legal counsel has, however, contested these allegations.
Read more on livemint.com