IT major Infosys announces its Q1 June 2014 results today, 11 July 2014.
Tata Motors' British luxury car unit Jaguar Land Rover (JLR), sales rose 14% to 240,372 vehicles in January to June 2014 from the same period last year. The company said sales for the six months ended June 2014 were its strongest ever half year sales performance.
JLR sales rose 17% to 39,594 vehicles in June 2014 over June 2013.
Commenting on the half year sales performance, Andy Goss, Jaguar Land Rover Group Sales Operations Director, said: "It is very encouraging to see both of our Jaguar and Land Rover brands delivering such strong performances for the first half of 2014. Range Rover Sport sales are up remarkably since last year and, 21 months since it was rolled out, the Range Rover remains strong, with sales performance continuing to grow year-on-year. Our top-selling model, the Range Rover Evoque, also continues to show solid growth. For Jaguar, the F-Type continues to drive sales and raise brand awareness with more customers around the world."
The Reserve Bank of India has on Thursday, 10 July 2014, notified that shares of Kotak Mahindra Bank can now be purchased through primary market and stock exchanges by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) as the restrictions placed on the purchase of shares of the above company was withdrawn with immediate effect after the share holdings by FIIs/RFPIs under Portfolio Investment Scheme in Kotak Mahindra Bank have gone below the prescribed threshold limit stipulated under the extant FDI Policy. The Reserve Bank has also notified that all the approvals received against the said scrip are duly cancelled.
Jaiprakash Associates said the Finance Committee of the Board of Directors of the company in their meeting held on 10 July 2014 has allotted 21.33 crore equity shares of Rs 2 each to the applicants at the issue price of Rs 70.27 per share (including Rs 68.27 towards share premium), against receipt of full payment on application, aggregating approximately Rs 1499.37 crore from the applicants.
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GMR Infrastructure said after market hours on Thursday, 10 July 2014, the Management Committee of the Board of Directors of the company has, at its meeting held on 10 July 2014, approved the issue and allotment of 46.88 crore shares to eligible qualified institutional buyers at the issue price of Rs 31.50 per share which is at a discount of Rs 1.64 per share on the floor price of Rs 33.14 per share, aggregating to approximately Rs 1476.77 crore.
Shree Cement will be watched. With reference to the earlier announcement dated 1 July 2014, regarding the commissioning of 2 million tonne per annum (MTPA) capacity grinding unit at Aurangabad in Bihar on 30 June 2014, Shree Cement has now informed that the commercial production from the grinding unit has started from 9 July 2014.
Jindal Steel & Power turns ex-dividend today, 11 July 2014, for dividend of Rs 1.50 per share for the year ended 31 March 2014.
JSW Energy turns ex-dividend today, 11 July 2014, for dividend of Rs 2 per share for the year ended 31 March 2014.
Exide Industries turns ex-dividend today, 11 July 2014, for dividend of Rs 0.70 per share for the year ended 31 March 2014.
IL&FS Engineering and Construction Company bagged an EPC contract from Indian Strategic Petroleum Reserves (ISPRL), Ministry of Petroleum and Natural Gas, Government of India, for laying of pipeline from Land Fall Point (LFP), Mangalore Port to Mangalore/Padur Cavern via Intermediate Valve Station (IVS) for storage of crude oil project.
The total length of the Project is 50 kilometres. The total value of the contract is Rs 213 crore. It is to be completed within 15 months from the date of issue of LOA.
The company is currently executing Halol Dahod Pipeline Project of Gujarat State Petronet (GSPL) on EPC basis.
Further, the company is also executing two Oil & Gas projects - one involves construction of 15 storage tanks having a total storage capacity of 0.85 million tons at Fujairah, UAE, and the other consists of laying 6 pipelines from the IPTF Terminal at Fujairah to the Port of Fujairah for evacuation of white oil and black oil products, IL&FS Engineering and Construction Company said in a statement.
Astral Poly Technik said that its board will meet on 18 July 2014, to consider raising long term funds.
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