HCL Technologies after market hours yesterday, 3 December 2015, announced inauguration of the company's nearshore centre in Estonia's capital city Tallinn, marking the expansion of its operations in the Baltics region. The centre will become a key hub in the company's global delivery network and will provide cutting-edge transformational IT services by leveraging its global best practices, HCL technologies said. HCL Technologies strategically chose Tallinn to expand its footprint in the Baltics as the region offers a highly-skilled talent pool to help the company meet current and future business needs. The geographic location of Tallinn on the shore of the Baltic Sea, in close proximity to Finland and Sweden as well as the rest of the Nordic countries allows convenient access all across Northern Europe and Benelux, the company said.
Dabur India after market hours yesterday, 3 December 2015, said that there is no improvement in the eco-political situation in Nepal till date as was informed earlier on 19 October 2015 and the India-Nepal border continues to remain closed. The company has lost some part of juice sale in October and November 2015 and estimated juice sale during Q3 December 2015 will be lower by 10-15% from previous year, Dabur India said. This is a onetime issue beyond the company's control and will have a near term impact on Q3 December 2015 performance. However the company should be able to get back on track in Q4 March 2016, Dabur India said. The company has already ramped up the production of juices in Sri Lanka and Newai, Rajasthan and has also engaged with third parties to cater to demand requirement for the month of December and going forward, Dabur India said. Depending upon the timing of opening of the border, the impact on inventory and other cost will be evaluated/ considered, the company said.
SeQuent Scientific after market hours yesterday, 3 December 2015 announced that the company's subsidiary Alivira Animal Health (Alivira) has forayed into the European veterinary pharmaceutical markets through acquisition of three companies: N-Vet AB, Fendigo SA & Fendigo BV. The transactions are in line with Alivira's stated focus of becoming a leading global and integrated company in the animal health space, SeQuent Scientific said. Alivira has acquired 85% stake in these three companies with the current management retaining the balance stake, SeQuent Scientific said. The structure of the transaction permits the current management team to drive the business while Alivira would provide a stronger framework for growth through a larger product portfolio, backed by regulatory compliance, global reach and integrated manufacturing capabilities, the company said. SeQuent Scientific said that the acquired business collectively had revenues of $10 million in 2014 with an EBITDA margin of 13%. All the transactions were signed and closed simultaneously, the company said. The acquired businesses will be integrated and consolidated with immediate effect, and will be EPS accretive, it added.
Asahi Songwon Colors said that the company has taken a planned partial shutdown of CPC Blue Crude Plant at Padra, district Vadodara to carry out regular maintenance with effect from 3 December 2015 which will effect CPC blue crude production for the quarter ending December 2015. The shutdown is expected to last up to 13 December 2015. The announcement was made after market hours yesterday, 3 December 2015
Surana Telecom and Power said that its subsidiary Aryavaan Renewable Energy has entered into power purchase agreement (PPA) for supply of 5 megawatt solar power with Uttar Pradesh Power Corporation (UPPCL), Lucknow. The announcement was made after market hours yesterday, 3 December 2015.
Powered by Capital Market - Live News