Reliance Broadcast Network after market hours on Monday, 16 September 2013 said that its board of directors will meet on 18 September 2013 to consider delisting of equity shares of the company from the stock exchanges.
PSU OMCs will be in focus after the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas after trading hours on Monday, 16 September 2013, said that the under-recovery on High Speed Diesel (HSD) applicable for second fortnight of September 2013 has increased to Rs 14.50 per litre from Rs 12.12 per litre during the first fortnight of September 2013. PSU OMCs are currently incurring combined daily under-recovery of about Rs 486 crore on the sale of Diesel, PDS Kerosene and Domestic LPG at government controlled prices. PSU OMC's incurred Rs 25579 crore as under-recoveries in Q1 June 2013 on Diesel, PDS Kerosene and Domestic LPG.
HCL Technologies after trading hours on Monday, 16 September 2013, clarified that no proposal to merge HCL Infosystems or its systems integration and services business with HCL Technologies is under consideration by the company's board. The company issued the clarification after media reports suggested that HCL Infosystems is working towards the goal of merging its system integration and services business with HCL Technologies. HCL Tech and HCL Infosystems have been teaming on specific opportunities in India and for this purpose the two companies have been cross selling each other's services over the last 2 years, the company said. HCL Technologies said that the company derived about 5% of its revenue from India during FY 2013. It is expected that the revenue from India during FY 2014 would remain at similar level, the company said. The arrangement with HCL Infosystems did not have any impact on the margins in the past and it is not expected to have any impact on the margins going forward, HCL Technologies said. HCL Technologies is a software firm.
HCL Infosystems had also clarified during trading hours on Monday, 16 September 2013, that no such merger matter is currently under consideration of the company's board. HCL Infosystems also said that HCL Infosystems and HCL Technologies have been collaborating together under teaming agreements to address business opportunities in India. These agreements are on arms length basis in the best interest of HCL and its customers and not margin dilutive to HCL Infosystems, the company said.
A bulk of HCL Infosystems' revenues comes from selling computing hardware to government and by acting as a national distributor for mobile phones, computers, laptops and printers
Mindtree after market hours on Monday, 16 September 2013 announced a partnership with SAP America to enable customers execute their Cloud strategies on SAP's cloud applications like SuccessFactors and mobile platforms.
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Arun Rangaraju, Head, Package Solutions, Mindtree said, Customers success spells success for us. They want more and more options in how they take advantage of cloud and mobility platforms to address their IT needs. Our partnership with SAP reinforces our commitment to deliver innovative solutions to our customers. This ties back to our mission to engineer meaningful technology solutions to help businesses and societies.
Zensar Technologies after market hours on Monday, 16 September 2013 announced a unique initiative to encourage product start-ups in India and to help take their products global. These start-ups are in the new age technology area of SMAC (Social, Mobility, Analytics and Cloud).
Dr. Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies said, This initiative is a reiteration of our commitment to building an ecosystem for technology innovation, by helping program manage and showcase quality assured solutions from India's best start-ups.
Mr. Kumar Gaurav, Head of Consulting & SMAC Portfolio, Zensar Technologies said, With the emergence of new technologies across the areas of Cloud, Social Media, Mobile and Analytics, organizations today are looking at integrating applications across the enterprise seamlessly, with the ability to dashboard and allow for easy anywhere-anytime accessibility. The move from systems of record to systems of engagement is now imminent. The customer is the centre of focus across the enterprise, constantly driving demand for intelligence, insights, ideas and collaboration across organizational boundaries. Digital Transformation will also focus around experience creation through a combination of efforts across customer intimacy, product innovation, organizational agility and intelligence driven processes.
Mr. Kumar added, This initiative of partnering with SMAC product companies is in sync with our strategy of delivering integrated and innovative SMAC solutions to our clients. We are delighted to be a part of this initiative and look forward to partner with these final few SMAC product start-up companies and take their offerings across globally to our clients.
ONGC turns ex-dividend today, 17 September 2013, for final dividend of 50 paise per share for the year ended 31 March 2013.
Supreme Infrastructure India turns ex-dividend today, 17 September 2013, for dividend of Rs 2 per share for the year ended 31 March 2013.
Mangalore Chemicals & Fertilizers turns ex-dividend today, 17 September 2013, for dividend of Rs 1.20 per share for the year ended 31 March 2013.
Accelya Kale Solutions turns ex-dividend today, 17 September 2013, for final dividend of Rs 40 per share for the year ended 31 March 2013.
Amarjothi Spinning Mills turns ex-dividend today, 17 September 2013, for dividend of Rs 1.80 per share for the year ended 31 March 2013.
Force Motors turns ex-dividend today, 17 September 2013, for dividend of Rs 3 per share for the year ended 31 March 2013.
Fresenius Kabi Oncology said that its promoter, Fresenius Kabi (Singapore), has made a public announcement to the public shareholders of the company in respect of the proposed acquisition and consequent delisting of the fully paid-up equity shares of the company from the BSE and the NSE.
TVS Motor Company on Monday, 16 September 2013, rolled out a 110cc scooterette, Jupiter, aimed at strengthening its presence in scooter segment. According to media reports, the company will reportedly launch a new bike every quarter going forward.
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