Bajaj Auto and TCS will in focus as both these companies unveil their Q3 December 2014 result today, 15 January 2015.
Infosys after market hours yesterday, 14 January 2015, announced the creation of a $250 million (Rs 1550 crore) 'Innovate in India Fund' from its recently expanded Innovation Fund. The Innovate in India Fund, announced by Dr. Vishal Sikka, CEO and MD, Infosys in a meeting with Prime Minister Narendra Modi will be dedicated for investments in promising new Indian companies that will be inducted into the global ecosystem of strategic partners that Infosys is building, the company said in a statement.
Crompton Greaves after market hours yesterday, 14 January 2015, in a clarification with regard to news item titled "Temasek eyes fan biz of Crompton Greaves" said that it has no information regarding the rumoured news mentioned in the news item.
Bajaj Finserv's consolidated net profit rose 23.57% to Rs 347.37 crore on 36.73% growth in total income to Rs 1905.34 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 14 January 2015.
NHPC after market hours yesterday, 14 January 2015 said that all four generating units of Teesta Low Dam-III power station has been restored after attending the fault in line circuit breaker and annual maintenance of the generating units.
Jet Airways (India) after market hours yesterday, 14 January 2015 said that the recent media reports stating that Mr. Naresh Goyal, the airline's promoter and chairman has pledged 51% shares held by him in the company to Punjab National Bank (PNB) is factually inaccurate and incorrect. Jet Airways said that the undertaking given to PNB implies that the airline's promoter and chairman will not dilute his equity, by way of a sale, below 51% at any time, and will continue to be the majority shareholder in the airline. It is thus, an undertaking of non-disposal of any further equity and not a matter of pledging of his shares, Jet Airways (India) said.
Essar Oil after market hours yesterday, 14 January 2015 in a clarification with regard to news item regarding the company's plans to undertake capital expenditure of Rs 6000 crore at its Vadinar refinery said that after implementing the expansion and optimisation projects in March/June 2012, Essar Oil has been producing pet coke. The company is examining the possibility of setting up facilities to gasification of the pet coke for its requirements, Essar Oil said. The company has communicated to the Government of Gujarat of its preliminary intention to consider this project in due course after obtaining necessary internal and other approvals, it added. As on date there is no firm proposal for setting up of these facilities, Essar Oil said.
Max India after market hours yesterday, 14 January 2015 in a clarification with regard to news item titled "Max India may be heading for 3-way Split" said that the Management of the company is in the process of finalizing few options for corporate restructuring, which will be presented to Investment & Finance Committee (I&FC) for its consideration. Max India said it is in the process of ascertaining the availability of directors to convene a meeting of the I&FC. Given the sensitivity around the proposal, the company is contemplating to convene the meeting of I&FC and Board of Directors of the company on the same day, where management will propose the options to I&FC and it will recommend the preferred option to Board of Directors for their approval and as soon as the date of the meeting is finalized, it will notify the stock exchanges, Max India said.
Net profit of NIIT Technologies rose 11.89% to Rs 44.33 crore in the quarter ended December 2014 as against Rs 39.62 crore during the previous quarter ended December 2013. Sales rose 1.16% to Rs 332.15 crore in the quarter ended December 2014 as against Rs 328.35 crore during the previous quarter ended December 2013.
Refuting reports of a Rs 875-crore deal between SpiceJet and the Sun Group, the low-cost airline after market hours yesterday, 14 January 2015 clarified that business dealings between the two had been merely Rs 36.63 crore between FY2012 and FY2014.
Meanwhile, reports indicated that potential investors including co-founder Ajay Singh and US-based JPMorgan Chase and Co. have begun discussions with markets regulator Securities and Exchange Board of India (Sebi) over their investment plan for the cash-strapped airline.
Unity Infraprojects after market hours yesterday, 14 January 2015 said that its board of directors will meet on 21 January 2015, to consider issue of further equity shares to promoters.
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