Ambuja Cements is scheduled to announce its Q3 September 2015 earnings today, 28 October 2015.
Wipro before market hours today, 28 October 2015, announced that it has won a five-year IT contract from Coop Norge Handel AS (Coop Norge), a leading retailer in Norway, with a market share of 33% and over 1,500 stores. As part of the agreement, Wipro will transform Coop Norge's enterprise SAP software landscape and upgrade the company's data center infrastructure, geared towards achieving superior performance.
Real estate companies will be in focus. Minister of Housing and Urban Poverty Alleviation M.Venkaiah Naidu yesterday, 27 October 2015 said that final meeting of concerned ministers and secretaries on streamlining of approvals for construction projects in urban areas will be held today, 28 October 2015, and it will also be attended by the Cabinet Secretary. Addressing a National Workshop on Affordable Housing and Habitat Policies, Naidu said that 'enhancing ease of doing business' has acquired urgency in the context of launch of Housing for All Mission.
Thermax's net profit fell 24.63% to Rs 64.83 crore on 9.38% decline in total income to Rs 1069.62 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 27 October 2015.
The company said its operating revenue fell 9% to Rs 1057 crore in Q2 September 2015 over Q2 September 2014. The order inflow of the company declined 26% to Rs 810 crore in Q2 September 2015, compared with Rs 1089 crore in Q2 September 2014. This was on account of the slack in the power sector which continued to affect the order inflow position of the company and of the Group. As on 30 September 2015, Thermax has an order backlog of Rs 4006 crore against Rs 5016 crore in September 2014. Compared to last year's Rs 6067 crore, the Group order backlog stands at Rs 5162 crore, the company said.
Jubilant Life Sciences announced after market hours yesterday, 27 October 2015, that its board of directors will meet on 29 October 2015, to consider a proposal to raise upto $200 million (approximately Rs 1300 crore) by issuing securities, which may include equity shares/instruments or securities convertible into, exchangeable with or otherwise linked to the equity shares of the company.
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Ceat's consolidated net profit rose 30.42% to Rs 107.40 crore on 1.92% decline in total income to Rs 1416.50 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 27 October 2015.
Aptech announced after market hours yesterday, 27 October 2015, that it is entering the formal K-12 school business. The maiden school will come up in Kabul in Afghanistan and will seek students in March 2016. To be run in partnership with a Focal education trust, Aptech's responsibility will be to develop curriculum, provide content, deploy Aptech's pedagogy, bring necessary education board approvals, deploy evaluation strategy and provide training & certification for the faculty enabling them to excel in education delivery. The school will follow the CBSE curriculum and will aim to provide a wholesome experience for the students, with a mix of contemporary content, delivery by well trained teachers and availability of best extracurricular activities, the company said in a statement.
Aptech has a sizeable presence in over 40 countries through its brands and with an entry into the school space will further strengthen its position as a global education and training company. On the same business model, the company intends to start over 20 schools internationally in the next five years, the company added.
Deepak Nitrite announced after market hours yesterday, 27 October 2015, that it bagged an annual contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.
Wheels India announced after market hours yesterday, 27 October 2015, that credit rating agency, ICRA, has assigned the rating [ICRA] A1 (pronounced as ICRA A One) to the company's commercial paper programme of Rs 50 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and such instruments carry lowest credit risk, the company said.
Opto Circuits (India) announced after market hours yesterday, 27 October 2015, that one of its step-down overseas subsidiary company, Cardiac Science Corporation, USA, has filed voluntary petition under Chapter 11 of the US Bankruptcy Code to Facilitate Debt Restructuring in US Bankruptcy Courts in the Western District of Wisconsin on 20 October 2015.
Mastek announced after market hours yesterday, 27 October 2015, that it won an order to build a credit guarantee IT platform for National Credit Guarantee Trustee Company (NCGTC) for enabling its Member Lending Institutions (MLIs) to accelerate their pace of collateral free lending for education loans, skill development loans, factoring, etc. The credit guarantee IT platform will enable banks, financial institutions, referred to as MLIs to participate in various credit guarantee schemes of Government of India. It is a nationwide initiative of extending collateral-free loans to various underprivileged sections of the society. NCGTC envisages a surge in applications from MLIs on commencing its operations and thus the need for a robust IT backbone, Mastek said in a statement.
Mastek as a system integrator is entrusted with an end-to-end delivery of the digital platform including training, hosting and managed support services, the company said. Mastek has formed a consortium with ESOS, a Nasik-based company, for hosting and managed services. The delivery of the IT platform is in three phases over a period of one year with maintenance support for four years. The first phase of go-live is planned within four months from signing of the contract. With this win, Mastek once again is poised to strengthen its position as a prime IT solutions player in e-Governance, the company added.
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