Jubilant FoodWorks after market hours yesterday, 19 November 2015, said that Domino's Pizza India has partnered with Zippr, a Hyderabad based startup that is solving the problem of complex addresses. This partnership will allow Domino's Pizza consumers to seamlessly share their address during checkout on Domino's Pizza's online ordering platforms, Jubilant FoodWorks said in a statement.
NTPC said after market hours yesterday, 19 November 2015, that the company has mandated Barclays, Citigroup, Deutsche Bank AG, HSBC and SBI Capital Markets to arrange a series of fixed income investors meetings in London, Singapore and Hongkong commencing 23 November 2015. An offshore rupee denominated senior notes offering under 'Regulation S' may follow, subject to market conditions.
PTC India Financial Services (PFS) after market hours yesterday, 19 November 2015, announced that it has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (IIFCL) to provide financing for infrastructure projects in India. As per the agreement, PFS and IIFCL will come together to provide one single window to promoters of infrastructure projects particularly in energy value chain and facilitate their financing in India. Both companies will collaborate to provide credit enhancement facility to various projects to enable their financing at competitive rates, apart from collaborating in areas of mutual interest towards service to infrastructure sector, PFS said in a statement.
GMR Infrastructure said before market hours that GMR Rajahmundry Energy (GREL), a subsidiary of GMR Energy successfully commenced commercial operation of its 2X384 megawatts (MW) gas based combined cycle gas based power plant in Rajahmundry, Andhra Pradesh.
The commercial operation of the power plant commenced with the beginning of gas supply under e-bid RLNG Scheme (Scheme for Utilization of Stranded Gas based power plants), which was launched by Government of India in March, 2015. With the current scheduling the plant is expected to run for at least a month. With the beginning of e-bid RLNG Scheme, the 768MW power plant can now operate at 50% Plant Load Factor (PLF), thereby generating 384 MW and supplying power to AP Discoms continuously. The plant will operate with clean fuel thus making the power generation environment friendly. GREL is a combined cycle power plant with natural gas and generates power using GE's advanced class technology of gas turbines (GE Frame 9 FA).
Current Operations will continue upto March 2016, depending on gas availability and thereafter Government of India will call for a fresh round of bidding in March 2016. The gas based plant was awarded allocation of gas last month along with GMR Vemagiri Power Generation (GVPGL), which has already got operational recently. Both the plants are located adjacent to each other. As per the scheme, the government will subsidize the power distribution companies to the extent of Rs 1.44 per unit from the Power Sector Development Fund. GMR Vemagiri Power Generation and GMR Rajahmundry Energy, with a combined capacity of 1156 MW will be supplied with imported natural gas through the government's reverse auction process of Scheme for Utilization of Stranded Gas based power plants. GMR Energy has already secured coal security for all its coal-based assets worth 3,000 MW.
Shares of DCM turn ex-dividend today, 20 November 2015, for interim dividend of Rs 1.50 per share for the year ending 31 March 2016.
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Airline stocks will be in focus. Passengers carried by domestic airlines during January-October 2015 rose 19.96% to 660.60 lakhs as against 550.69 lakhs during the corresponding period of previous year,
Private banks will be in focus. The Reserve Bank of India yesterday, 19 November 2015, issued revised directions necessitating prior approval for acquisition of shares or voting rights in private sector banks. These Directions contain two major changes with a person intending to acquire shares or compulsorily convertible debentures/bonds or voting rights or convert optionally convertible debentures/bonds of 5% or more in a private sector bank, he/she will have to apply to the Reserve Bank for obtaining its prior approval. The major shareholders that is, shareholders having 5% or more of the paid-up share capital of the bank as indicated above, would have to give an annual declaration to the concerned bank on their 'fit and proper' status and if in the bank's assessment any major shareholder is not 'fit and proper', it will have to immediately furnish the requisite information to the Reserve Bank.
The directions build on the existing policy and illustrate the procedure to be followed for seeking prior approval for acquisition of major shareholding in private sector banks.
New Delhi Television said before market hours that the company alongwith Dr. Prannoy Roy, Executive Co-Chairperson, Mrs. Radhika Roy, Executive Co-chairperson, Mr. K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios (erstwhile subsidiary of the company since merged with the company) have on 19 November 2015 received a show cause notice from the Directorate of Enforcement as to why adjudication proceedings should not be held for alleged contraventions of provisions of Foreign Exchange Management Act,1999 (FEMA). The company has been advised that the allegations of the contraventions of provisions of FEMA in the show cause notice are not legally tenable and the company will reply to the same within due course of time.
The company had clarified earlier on 30 September 2015 on certain tweets alleging receipt of show cause notice by Enforcement Directorate under the FEMA against the company.
Simplex Castings said after market hours yesterday, 19 November 2015, that the company has received an order from Diesel Locomotive Works (DLW), owned by Indian Railways worth of Rs 54 crore approx which will execute by the company in next three quarters. This worthy order will be add-on to performance of the company in current financial year. The abovementioned order is approximately 31% of total turnover of the company in previous financial year 2014-15.
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