TCS after market hours on Tuesday, 2 December 2014, announced the launch of its big data product "TCS Active Archive", powered by technology from EMC, one of the most influential leaders in cloud computing, virtualization, big data, and IT security and protection. Specially designed for big data environments, the solution offers as high level of performance, scalability, security and cost controls for archiving, retrieving and managing the growing volume and variety of enterprise data, TCS said in a statement.
Two-wheeler major Hero MotoCorp has roped in golf champion Tiger Woods as its brand ambassador. The company did not share the financial details of the deal, but media reports suggested that a four-year deal between the company and Tiger Woods is pegged it at about Rs 200 crore.
CEAT will be in focus as shares allotted by the company to institutional investors under Qualified Institutional Placement (QIP) are admitted for trading on the bourses today, 3 December 2014. A total of 44.94 lakh shares will be admitted for trading. CEAT had priced the issue of shares to institutional investors at Rs 890 per share.
The board of Pfizer has fixed 11 December 2014 as the record date to determine the name of equity shareholders of Wyeth who shall be entitled to receive shares of the company pursuant to the amalgamation of Wyeth with the company. As per the scheme, shareholders will receive seven equity shares of Pfizer for every ten equity shares held in Wyeth.
ABB India announced after market hours yesterday, 2 December 2014, that it has designed, manufactured, installed and commissioned a 1,200-kilovolt (kV) circuit breaker the highest AC voltage level in the world. Once the 1200 kV ultrahigh-voltage switchgear is fully operational, it will have a switching capacity of 10,400 megawatts - a switch capable of turning 'ON' or 'OFF' the electricity generated by 10 large power plants or the combined average annual electrical load of Switzerland and Denmark, within milliseconds. The circuit breaker is deployed at the 1,200 kV national test station constructed by Power Grid Corporation of India (PGCIL), India's central transmission utility, at Bina in the central Indian state of Madhya Pradesh. Alongside the circuit breaker, the state-of-the-art hybrid switchgear solution comprises a gas-insulated disconnector, current transformers and monitoring and diagnostic equipment. The solution requires only half of the space that would be needed for one with conventional air-insulated designs. The configuration also protects critical components from environmental exposure and makes it more resilient against earthquakes. India is adding substantial power generation capacity to meet growing demand, which in turn requires an efficient and reliable transmission and distribution infrastructure to deliver the electricity to consumers. Transmitting power at higher voltages increases the amount of electricity that can be transported along a line with significantly lowers transmission losses, and at the same time saves space and reduces environmental impact. These are some of the considerations which have prompted India to develop a 1,200-kV transmission system. In a power system, switchgear is used to control, protect and isolate electrical equipment to ensure the reliability of the electricity supply. ABB has over 80 years' experience in switching technology and has pioneered several innovations over the years.
Century Plyboards (India) announced after market hours yesterday, 2 December 2014, that it has incorporated a wholly owned subsidiary by the name Century Ply (Singapore) Pte. Ltd. in Singapore on 2 December 2014. The said subsidiary has been incorporated with the object of trading in timber, manufacturing and trading in plywood & all wood products & materials and also leasing of machineries & equipment & providing related services.
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Patels Airtemp India announced after market hours yesterday, 2 December 2014, that Patels Airtemp (India), Ahmedabad has received an export order worth Rs 56 crore for air cooled heat exchangers, under international competition to supply to Venezuela (South America).
Jindal Stainless announced after market hours yesterday, 2 December 2014, that on 2 December 2014 the company has incorporated a subsidiary company namely "Jindal Coke ".
SKS Microfinance announced after market hours yesterday, 2 December 2014, that the company issued commercial papers of an aggregate amount of Rs 50 crore on 1 December 2014, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.
Federal Bank announced after market hours yesterday, 2 December 2014, that the United Forum of Bank Union where part of employees of the bank are members has given a call for a zone wise strike from 2 December 2014 to 5 December 2014, demanding immediate settlement of wage revision. The bank has taken all necessary steps in terms of the existing guidelines for smooth functioning of bank's branches/ offices to deal with the strike.
Pennar Industries announced after market hours yesterday, 2 December 2014, that the company and its subsidiary Pennar Engineered Building Systems (PEBS Pennar) have announced receipt of orders worth Rs 102 crore in November 2014. The companies received orders from Kannur International Airport, L&T, Holtech Asia, Rane, Renaissance Infrastructure, Azure Power, Xylem France, Integral Coach Factory among others. Commenting on the development, Aditya Rao, Vice Chairman and Managing Director, Pennar Industries, said We are pleased to announce receipt of orders worth Rs 102 crore. As the macro economic conditions are slowly improving we are able to book more orders. All our business units have recorded higher order inflow. We are expecting to further improve our order book in next few months.
Radha Madhav Corporation announced after market hours yesterday, 2 December 2014, that a meeting of the board of directors of the company will be held on 15 December 2014, for considering the further issue of shares and warrants on preferential basis to the promoters and non promoters of the company.
Ballarpur Industries turns ex-dividend today, 3 December 2014, for dividend of Rs 0.20 per share for the year ended 30 June 2014 (FY 2014).
The board of Omaxe approved issuing secured non-convertible redeemable debentures/other debt securities for an aggregate amount of Rs 500 crore in one or more tranche and constituted a committee and delegated the powers for further actions in this regard.
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