DSIJ Mindshare

The Indian big-box retailer has entered a franchise agreement to operate 7-Eleven brand of stores in the country. 7-Eleven is a global convenience store stocking internationally popular brands of snacks and beverages.

Wipro has agreed to divest its Workday and Cornerstone OnDemand business to Alight for a cash consideration of US$110 million. Wipro will receive US$100 million of payout with a closure of the deal and the balance US$10 million after 1 year based on various performance parameters. 

Surat Municipal Corporation (SMC) successfully raised Rs. 200 crore by issuing municipal bonds on a private placement basis using the BSE Bond Platform, on Wednesday. 

Saudi Arabia’s Energy Minister Khalid al-Falih indicated that he is in favour of extending oil production cuts in the second half of 2019. This is despite US President Donald Trump demanding that oil prices be kept low.

India’s second-largest airline carrier Jet Airways informed the bourses on Wednesday that they have grounded an additional seven aircraft. The company had to land 13 aircraft this month due to non- payment of lease rentals to lessors.