Ramco Systems before market hours today, 10 April 2014 said that a meeting of the rights issue 2013 Committee of the Board of Directors was held on 9 April 2014 to consider the terms of the rights issue and for fixing the record date. Accordingly, the rights issue size was set at 79.58 lakh shares with rights entitlement ratio pegged at 1:2, i.e. one equity share for every two fully paid-up equity shares held as on the record date. The rights issue price was set at Rs 155 per rights equity share. The issue opening date is 5 May 2014 and closing date is 19 May 2014 (The issue closing date may be extended by the Committee to an extent that the issue remains open for a period not exceeding 30 days from issue opening date), the company said.
Infosys after market hours on Wednesday, 9 April 2014, announced that its Finacle core banking solution running on an Oracle SuperCluster engineered system has set new global benchmarks for the number of transactions processed across key banking functions. In a test that was audited and reviewed by the global audit firm, Ernst & Young, the solution supported over 1.9 billion bank accounts with near linear scalability - a number higher than the current population of China, the most populous country in the world.
The test also saw Finacle processing 726 million effective transactions in four hours, or over 50,000 average transactions per second, to manage workloads comprising of multiple online transactions and customer touch points as well as third-party systems. This represents six times the daily volume of transactions currently processed by the entire US banking system, based on industry estimates of transaction volumes. These results highlight Finacle's capabilities to help banks manage extremely large transaction volumes and cater to a dynamically growing customer base at lower costs, Infosys said.
Multi Commodity Exchange of India (MCX) after market hours on Wednesday, 9 April 2014 said that the Board of Directors at its meeting held on 9 April 2014 has decided, for the time being, not to go ahead with the preferential allotment of shares.
MAN Industries (India) after market hours on Wednesday, 9 April 2014 said it has built up order book of approximately Rs 1200 crore, which includes the recently received orders worth approximately Rs 700 crore from domestic and international customers for supply of large diameter pipes for oil and gas as well as water sector projects. In addition to the above confirmed order the company has outstanding bids over $1 billion at various stages of evaluation for several other oil, gas and water projects in India and abroad, the company said.
Supreme Petrochem after market hours on Wednesday, 9 April 2014 said that its board will meet on 21 April 2014, to consider the buyback of equity shares of the company to such extent [not exceeding 10% of the networth (paid-up equity capital and free reserves) of the company] on such terms and conditions as the board may decide in accordance with Sebi (buy-back of Securities) Regulations, 1998, including any amendments, statutory modification(s) or re-enactments thereof.
Also Read
Shilpa Medicare after market hours on Wednesday, 9 April 2014 said that its board will meet on 11 April 2014 to consider the proposal for offer and issue of equity shares or warrants or convertible instruments on preferential basis.
Ravalgaon Sugar Farm after market hours on Wednesday, 9 April 2014 said that its board has accepted in-principle the introduction of Voluntary Retirement Scheme (VRS) for the workmen at the factory. The board further added that a proper agreement needs to be entered into between the representatives of the management and the workers' representatives to ensure that all requirements under the applicable laws are met. The board also advised that the financial closure of the VRS liability should be done before it accords final approval to the Voluntary Retirement Scheme.
GTL Infrastructure after market hours on Wednesday, 9 April 2014 said that a meeting of the committee will be held on 10 April 2014, to consider allotment of equity shares consequent upon conversion notice received for conversion of foreign currency convertible bonds (FCCBs) at a conversion price of Rs 10 per share.
Foseco India turns ex-dividend today, 10 April 2014, for a special dividend of Rs 12.50 per share and a final dividend of Rs 3 per share for the year ended December 2013.
Gulf Oil Corporation turns ex-dividend today, 10 April 2014, for a special dividend of Rs 0.30 per share and a final dividend of Rs 2.20 per share for the year ended 31 March 2014.
State Bank of Mysore turns ex-dividend today, 10 April 2014, for interim dividend of Rs 3 per share for the year ended 31 March 2014.
Powered by Capital Market - Live News