Bank stocks will be in focus after the Reserve Bank of India (RBI) yesterday, 16 June 2015 said that the Basel Committee on Banking Supervision (BCBS) under the aegis of the Bank for International Settlements has published, on its website, assessment reports on the implementation of the Basel risk-based capital framework and the liquidity coverage ratio (LCR) for India as part of the ongoing Regulatory Consistency Assessment Program (RCAP) for its member jurisdictions. BCBS has thus far published assessment on 13 jurisdictions (including India). The assessment has rated the standards adopted by the RBI with regard to risk-based capital requirements as 'Compliant' with the minimum Basel capital standards, the RBI said. Each of the 14 components of the Basel capital framework included in the assessment has been assessed as compliant, the RBI said. The LCR requirements have been assessed as 'Largely Compliant' with the minimum Basel liquidity standards, the RBI said. The two components of the LCR framework, viz. the LCR standard and the LCR disclosure requirements, are assessed as 'largely compliant' and 'compliant' with the Basel standard, respectively. The Reserve Bank believes that the RCAP reports bring in transparency about the national adoption and implementation of Basel standards and promote an international level playing field, the central bank said.
TCS after market hours yesterday, 16 June 2015, announced the launch of a new Next-Gen Technology Solutions Center of Excellence (CoE). The state-of-the-art NextGen Technology Solutions CoE is spread across 10,000 sq. ft. and is located at the TCS Hyderabad campus. The NextGen Technology CoE will focus on the research and development of futuristic technologies and creation of next-generation products and solutions for its global customers in the semiconductor, devices and networks space, TCS said.
Hero MotoCorp after market hours yesterday, 16 June 2015, announced the launch of the stylish and more powerful new Passion Pro bike. One of the most popular motorcycle brands in the country with over a million units in annual sales, Passion has captured the imagination of customers for over a decade, Hero MotoCorp said in a statement. The new Passion Pro is now available at all Hero dealerships across the country. It is available at Rs 50,057 (ex-showroom Mumbai), Rs 49,250 (ex-showroom Chennai), Rs 49,819 (ex-showroom Kolkata) and Rs 49,450 (ex-showroom Bangalore).
Shares of Ashok Leyland turn ex-dividend today, 17 June 2015 for dividend of Rs 0.45 per share for the year ended 31 March 2015.
Jubilant Life Sciences yesterday, 16 June 2015 announced a price increase of 10% for Niacinamide, with immediate effect, for non-contract customers and wherever existing contracts permit. The announcement was made after market hours yesterday, 16 June 2015. Jubilant delivers unmatched advantages of consistent quality and availability of Vitamin B3 (Niacin & Niacinamide) to its customers globally, Jubilant Life Sciences said. The company's Nutritional Products business is backward integrated up to the initial raw material stage with global scale of operations, it added.
Glenmark Pharmaceuticals after market hours yesterday, 16 June 2015 said that the Operations Committee of the Board of Directors of the company, at its meeting held yesterday, 16 June 2015, allotted 17,803 shares of the face value of Re 1 each in the ratio of four shares of Re 1 each of Glenmark Pharmaceuticals for every five shares held of Glenmark Generics pursuant to Scheme of Amalgamation of Glenmark Generics with Glenmark Pharmaceuticals approved by High Court of Bombay.
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PTC India Financial Services (PFS) after market hours yesterday, 16 June 2015 said that the company has raised money through issuance of Non-Convertible Debentures (NCDs) - Series 5 by way of private placement for Rs 150 crore. The debentures are redeemable over a period of 7 years. The issue has been fully subscribed by International Finance Corporation. The NCDs shall augment the long term resources of the company and will help in lowering the cost of funds of the company.
Lancor Holdings after market hours yesterday, 16 June 2015 said that the company has fixed 25 June 2015 as the record date for issuing 1:1 bonus shares.
SRS after market hours yesterday, 16 June 2015 said that the company has fixed 26 June 2015 as the record date for issuing 1:1 bonus shares.
Opto Circuits (India) said that the GDR Committee of the company, in its meeting held yesterday, 16 June 2015 has approved the opening of issue of GDRs of the company. Accordingly, the issue of GDRs of the company opened yesterday, 16 June 2015. The announcement was made after market hours yesterday, 16 June 2015.
Gayatri Projects after market hours yesterday, 16 June 2015 said that its board of directors at a meeting held on 16 June 2015, approved, subject to the shareholders and other necessary approvals for issue of 16.24 lakh equity shares on preferential basis to the proposed allottees viz. issue of 16.24 lakh equity shares to the promoters of the company by way of conversion of unsecured loan of Rs 33 crore extended by them, as part of promoter's contribution to the restructuring Package approved by the Joint Lenders Forum (JLF) (company's bankers) and as per the Master Restructuring Agreement entered with the bankers. The Board further approved issue of 36.54 lakh equity shares to the foreign institutional investors.
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