Ashok Leyland said that the company has won defence contract worth Rs 800 crore from Indian armed forces for supply of advanced-technology products - 450 units of Field Artillery Tractor (FAT) 6x6 and other similar Super Stallion vehicles; and 825 units of Ambulance 4x4. The announcement was made after market hours yesterday, 29 March 2016.
TCS yesterday, 29 March 2016 announced the opening of its new office in Toronto. Located in the heart of the city, the facility encompasses three floors and 50,000 square feet, providing a new hub for technical innovation, partner collaboration and industry leading client service, TCS said. The announcement was made after market hours yesterday, 29 March 2016.
HDFC turns ex-dividend today, 30 March 2016 for interim dividend of Rs 3 per share for the year ending 31 March 2016 (FY 2016). NMDC turns ex-dividend today, 30 March 2016 for interim dividend of Rs 1.50 per share for the year ending 31 March 2016 (FY 2016).
Sun Pharmaceutical Industries announced before market hours today, 30 March 2016 the acquisition of 14 established prescription brands from Novartis AG and Novartis Pharma AG (together 'Novartis') in Japan. According to the agreements entered into between the parties, a wholly-owned subsidiary of Sun Pharma will acquire the portfolio consisting of 14 established prescription brands from Novartis for a cash consideration of $293 million. These brands have combined annualized revenues of approximately $160 million and address medical conditions across several therapeutic areas. Under the terms of the agreements, Novartis will continue to distribute these brands, for a certain period, pending transfer of all marketing authorizations to Sun Pharma's subsidiary. The acquired brands will be marketed by a reliable and established local marketing partner under the Sun Pharma label. The local marketing partner will also be responsible for distribution of the brands. As per the December-2015 IMS Data, the size of the Japanese pharmaceutical market was estimated at $73 billion, accounting for over 7% of the $1 trillion global pharmaceutical market.
Tata Steel said before market hours today, 30 March 2016, that board of directors after reviewing the recent performance of the European business of the company noted with deep concern the deteriorating financial performance of the UK subsidiary in the last twelve months and has advised the board of its European holding company, Tata Steel Europe to explore all options for portfolio restructuring including the potential divestment of Tata Steel UK, in whole or in parts. Given the severity of the funding requirement in the foreseeable future, the Tata Steel Europe board will be advised to evaluate and implement the most feasible option in a time bound manner.
Vijaya Bank said before market hours today, 30 March 2016 that the Board of Directors of the bank in a meeting held on 29 March 2016 accorded approval for the infusion of capital funds to the tune of Rs 220 crore by way of preferential allotment of equity shares in favour of Government of India as part of capital infusion for the FY 2016. Government of India has already accorded approval for the capital infusion.
United Bank of India said before market hours today, 30 March 2016 that the bank is initiating necessary steps after the Ministry of Finance vide its letter dated 28 March 2016 has conveyed that the Government of India has decided to infuse capital funds to the tune of Rs 480 crore in the bank by way of preferential allotment of equity in favour of the Government of India.
MindTree yesterday, 29 March 2016 announced the launch of its comprehensive IPv6 Stack and Smart Mesh Suite for Bluetooth Smart. The IPv6 Stack and Smart Mesh Suite will enable original equipment manufacturers (OEM) and semiconductor companies to add seamless cloud connectivity to their Internet of Things (IoT) products. The combination of IPv6 and Smart Mesh technology not only transmits data collected from remote sensor nodes to cloud analytics platforms, but also enables control of end devices over the internet. IPv6 enables internet access to millions of individual Bluetooth Smart devices, providing the essential IP infrastructure for applications such as smart homes, wearables, and connected medical devices. The Smart Mesh technology helps overcome range limitations in Bluetooth Smart, an important consideration for industrial and home automation. The announcement was made after market hours yesterday, 29 March 2016.
Jaiprakash Associates said that a meeting of the board of directors of the company will be held on 31 March 2016 to review the progress of various divestment initiated being pursued by the company. The announcement was made after market hours yesterday, 29 March 2016.
Associated Alcohols & Breweries said that Government of Madhya Pradesh has enhanced / increased the licensed capacity of the company's distillery unit from 314 lakh bulk liters to 900 lakh bulk liters per annum. Accordingly, the company has decided to go ahead for obtaining necessary clearances and approvals and is also in the process of examining the market opportunities to embark upon the expansion of the manufacturing capacity. The announcement was made after market hours yesterday, 29 March 2016.
HealthCare Global Enterprises makes its debut on the bourses today, 30 March 2016. The company has fixed issue price of Rs 218 per share. Under the HCG brand, the company operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed by the AERB. HGEL also provides fertility treatment under the Milann brand.
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