Tech Mahindra announced that it has been selected by Circle Health after a competitive procurement process to become a chosen technology partner for the next 10 years. The project will be delivered by nth Dimension, a newly formed wholly owned subsidiary of Tech Mahindra in the United Kingdom. The deal is worth a projected 50 million pounds over the 10 years.
Shares of NMDC and MMTC will be in focus. The Union Cabinet yesterday, 24 June 2015, gave its approval to renew long term agreement with Japanese and South Korean steel mills for supply of high grade Indian iron ore during the three year period from April 2015 to March 2018. The quantities covered under the agreement will be in the range of 3.8 million tonnes to 5.5 million tonnes per year and will be supplied primarily from the mines of NMDC. The contract will be executed by MMTC.
Iron ore of higher grade have been supplied by India to Japan and South Korea under long term agreements during the last four to five decades. The renewal of long term agreement with Japanese and South Korean steel mills for supply of high grade Indian iron ore will help utilize surplus production of iron ore currently available in India. It will also strengthen Indo-Japanese collaboration in several areas of mutual interest, including technology transfer, joint venture, investment, etc, according to a government statement issued after trading hours yesterday, 24 June 2015.
Shriram Transport Finance Company (STFC) said that its board will meet on 26 June 2015 to discuss the proposal of merger of Shriram Equipment Finance Company, a wholly-owned subsidiary of the company, with STFC.
Ajanta Pharma turns ex-dividend today, 25 June 2015, for dividend of Rs 6 per share for the year ended 31 March 2015 (FY 2015).
Canara Bank turns ex-dividend today, 25 June 2015, for dividend of Rs 10.50 per share for the year ended 31 March 2015 (FY 2015).
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Kewal Kiran Clothing turns ex-dividend today, 25 June 2015, for interim dividend of Rs 35 per share for the year ended 31 March 2015 (FY 2015).
Oberoi Realty turns ex-dividend today, 25 June 2015, for dividend of Rs 2 per share for the year ended 31 March 2015 (FY 2015).
Cupid announced after market hours yesterday, 24 June 2015, that it has received an order worth $16.28 million equivalent to Rs 103.23 crore to supply female condoms in Cupid brand to the National Department of Health (NDOH), South Africa. This order is to be executed over next three years starting from 1 July 2015. This new order is in continuation of earlier order which has been already been executed on schedule by the company.
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