Tech Mahindra announced after trading hours yesterday, 8 July 2015, that it has collaborated with PNMsoft, a global provider of Intelligent BPM Software (iBPMS) solutions, to benefit from synergies in key vertical markets.
PNMsoft is a global provider of Intelligent BPM Software (iBPMS) solutions. PNMsoft SequenceTM, our Intelligent Business Process Management Suite, uses unique HotChange technology to enable rapid build and change of high availability workflow applications, while maintaining lifecycle governance. PNMsoft is on Gartner's iBPMS Magic Quadrant.
TCS will announce its Q1 results today, 9 July 2015.
RIL said before market hours that its subsidiary Reliance Holding USA, Inc, has announced the closing of the recently announced sale of its interest in EFS Midstream LLC (EFS) to an affiliate of Enterprise Products Partners LP.
In a joint transaction announced on 31 May 2015, Reliance Holding and Pioneer Natural Resources Company agreed to sell their respective ownership interests (of 49.9% and 50.1%) in EFS to an affiliate of Enterprise Products Partners LP for an aggregate consideration of $2150 million.
The transaction closed yesterday, 8 July 2015, with the effective date for the transaction being 1 July 2015.
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Induslnd Bank announced after trading hours yesterday, 8 July 2015, that it unveiled a currency chest in Kolkata. This initiative will help the bank to execute functions like acceptance of cash from branches, ATM replenishments, arrangement of fresh note remittances and remitting soiled notes to Reserve Bank of India, Kolkata. The bank has ambitious plans to increase current network of 129 branches and 217 ATMs in East Zone, post opening of Kolkata Currency Chest. The chest in Kolkata will enable customers to exchange their notes into those of higher or lower denominations or to obtain fresh notes by replacing soiled ones which may be unfit for re-use. With this facility, lndusInd Bank will be able to work on fine cash balances and manage funds according to requirement.
The bank's first currency chest was opened in Thane in June 2012, the second in New Delhi in February 2013 and the third in Chennai in June 2014. With the new currency chest in Kolkata, Induslnd Bank has four currency chests across the country. Induslnd Bank has drawn up an ambitious plan for setting up a sizeable number of Currency Chests across India in line with the bank's business growth.
Manpasand Beverages debuts on the secondary equity market today, 9 July 2015. The company had priced the initial public offer (IPO) at the top end of the Rs 290 to Rs 320 price band.
The initial public offer (IPO) of Manpasand Beverages closed on 26 June 2015. It was subscribed 1.4 times and received bids for a total of 1.05 crore shares.
Manpasand Beverages, promoted by Dhirendra Singh, is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets. In addition, the company also sells fruit drink in apple flavor under the brand Apple Sip.
KNR Constructions announced after trading hours yesterday, 8 July 2015, that it won an order from Madhya Pradesh Road Development Corporation (MPRDC), worth Rs 255.60 crore towards widening and reconstruction of Mohanpur Behat Mau (MDR-01-01) and Behat Mau (MDR-02-03), Murar Chitora (MDR-01-08) Murar Chitora (MDR-02-08) & Gatha Amayan (MDR-02-06), Mohana Pohri (MDR-07-06) roads, package-L under Madhya Pradesh District Connectivity Sector Project (MPDCSP) on item rate basis to be completed within a period of 24 months from the appointed date.
Deepak Fertilisers & Petrochemicals Corporation announced after trading hours yesterday, 8 July 2015, that the High Court of Delhi in its order passed on 7 July 2015, in Writ Petition No. 2973 of 2014, has directed the Government of India to resume the supply of gas to the company, which was discontinued from 15 May 2014.
HIL announced after trading hours yesterday, 8 July 2015, that it sells AC roofing sheets under the brand name of "Charminar", AAC blocks, Sandwich panels and cPVC & uPVC pipes under the brand name of "Aerocon". Further expanding its footprint in the Building Products Industry, HIL, on 7 July 2015 has commenced commercial production of coloured steel sheets at its manufacturing facility in Wada, Maharashtra with an initial production capacity of 800 MT per month. The coloured steel sheets will also be sold under the brand name of "Charminar".
20 Microns announced after trading hours yesterday, 8 July 2015, that its board will meet on 10 July 2015, to consider and approve the allotment of equity shares of the company upon conversion of the Compulsorily Convertible Warrants allotted to the person other than the promoters on a preferential basis.
Nucleus Software Exports announced after trading hours yesterday, 8 July 2015, that during the annual general meeting held on 8 July 2015 a query was raised to the board, that whether the promoter family is considering any acquisition of the company shares. To this the Managing Director replied, that they may be open to such a possibility, as per the applicable laws, rules and regulations.
Prestige Estates Projects will be in focus. With reference to the news titled, "Prestige Estates to buy back Exora business park," Prestige Estates Projects clarified after trading hours yesterday, 8 July 2015, that Exora Business Parks (Exora) is an existing joint venture of the company, and Red Fort India Real Estate Hold Co and Varidge Ventures (collectively Red Fort Capital) with the company holding 32.46% stake.
The transaction is in relation to a proposed acquisition of the entire shareholding (62.54%) of Red Fort Capital in Exora by the company or its wholly-owned subsidiary, Valdel Xtent Outsourcing Solutions (the subsidiary).
In this regard, the company clarified that, a letter of offer to Red Fort Capital, with respect to the transaction, was submitted by the subsidiary, on 31 March 2015, based on intimation from Red Fort Capital by way of a bid process for the transaction. Pursuant to this, various exploratory discussions were held with Red Fort Capital. The last physical meeting in relation to the transaction was held on 18 June 2015.
Further, the company said that the subsidiary is not a 'material subsidiary' of the company (as defined under the listing agreement with the stock exchange).
Prestige Estates Projects added that it is in the process of concluding the discussions with Red Fort Capital and is firming up the terms and will soon be entering into formal agreements. In light of the above, no disclosures were made to the stock exchange with respect to the transaction. The company said it will intimate the stock exchange once the terms are agreed upon and formal agreement is entered into by the company or the subsidiary.
Hospitality stocks will be in focus after Ministry of Tourism said yesterday, 8 foreign tourist arrivals (FTAs) rose 1.8% to 5.13 lakh in June 2015 over June 2014.
Axis Bank turns ex-dividend today, 9 July 2015, for dividend of Rs 4.60 per share for the year ended 31 March 2015 (FY 2015).
Bajaj Auto turns ex-dividend today, 9 July 2015, for dividend of Rs 50 per share for the year ended 31 March 2015 (FY 2015).
Bajaj Finance turns ex-dividend today, 9 July 2015, for dividend of Rs 18 per share for the year ended 31 March 2015 (FY 2015).
Bajaj Finserv turns ex-dividend today, 9 July 2015, for dividend of Rs 1.75 per share for the year ended 31 March 2015 (FY 2015).
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