Capital infusion | Pixr8 News

Apple’s Taiwanese supplier Wistron Infocomm Manufacturing India is planning capital infusion and has increased the authorized share capital of the company from Rs 185 crore to Rs 3,000 crore that signals a fresh round of capital infusion into its India unit. Wistron India, at its EGM recently, approved the altered capital clause wherein the authorized share capital of Rs 3,000 crore is divided in 300-crore equity shares with face value of Rs 10, showed a recent Registrar of Companies (RoC) filing. Wistron’s wholly-owned subsidiary SMS Infocomm Singapore has been allocated 10.3 crore shares worth Rs 102.9 crore. An email sent to Wistron on the enhanced authorized share capital didn’t elicit a response. Wistron India, the original equipment manufacturer (OEM) and origina...

Hailing the Centres announcement of Rs 2.11 lakh crore for bank recapitalisation as "historic", BJP chief Amit Shah has said the move will not just give an impetus to businesses, but also provide employment to the youth. सरकारी बैंकों के लिए ₹2.11लाख करोड़ के कैपिटलाइजेशन प्लान को मंजूरी देने के ऐतिहासिक निर्णय पर @narendramodi जी व @arunjaitley जी का अभिनंदन pic.twitter.com/ddhHfURfJE — Amit Shah (@AmitShah) October 24, 2017 He also hailed the announcement on Rs 6.92 lakh crore spending on infrastructure. The BJP national chief congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the bank recapitalisation decision, terming it as "historic". In a tweet last night, Shah said the "courageous" decision will not only give impetus to businesses but als...

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Bank Recapitalisation ‘Historic’, Will Boost Business: Amit Shah