On a consolidated basis, CMC's net profit fell 20.25% to Rs 56.28 crore on 0.93% rise in income from operations to Rs 672.24 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 7 July 2015.
Cairn India turns ex-dividend today, 8 July 2015, for a final dividend of Rs 4 per share for the year ended 31 March 2015.
Network 18 Media & Investments (NW18) said the floor price for the proposed Offer for Sale (OFS) of its shares by Shinano Retail is fixed at Rs 53.40 per share. The announcement was made after trading hours yesterday, 7 July 2015.
Reliance Industries (RIL) announced after market hours on Monday, 6 July 2015, that it is proposing to sell 3.25 crore shares of NW18, (representing 3.10% of the equity capital of NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75% and increase the public shareholding to 25% as mandated by Clause 40A of the listing agreement pursuant to Securities. Contract (Regulation) Rules, 1957.
In this regard, Shinano Retail (effectively 100% owned by Reliance Industrial Investments and Holdings, a wholly owned subsidiary of RIL), a promoter group company of NW18, had issued a notice of Offer for Sale (OFS) of 3.25 crore shares of NW18 through the stock exchange mechanism.
The OFS will take place today, 8 July 2015, exclusively through Shinano Retail's broker through a sale on the separate window provided by the BSE and NSE for this purpose. The OFS will open on 9:15 IST and close on 15:30 IST today, 8 July 2015.
Crompton Greaves (CG) announced after market hours yesterday, 7 July 2015, that it has signed a global supply agreement with cement major Lafarge for electrical motors. This important agreement positions CG as one of the select few preferred global suppliers for Lafarge, CG said in a statement. With over 40,000 CG-made motors running in various cement factories, CG is one of the major motor suppliers to the industry.
With respect to news article titled, "PIL on Hindalco: I-T Dept filed report, estimates that Hindalco dealing with unaccounted cash worth Rs 200 crore - Hindalco paid Rs 7 crore in kickbacks to environment ministry", Hindalco Industries clarified after market hours yesterday, 7 July 2015, that there was nothing new in the allegations and the matter is already under investigation. The company reiterated that neither the diary nor the cash recovered belongs to the company. The Central Bureau of Investigation (CBI) had raided Hindalco's offices in four cities as part of its investigations into alleged illegalities in the allocation of two coal blocks in Odisha.
Shares allotted by the private sector bank IndusInd Bank to institutional investors under Qualified Institutional Placement (QIP) will be admitted for trading on the bourses today, 8 July 2015. A total of 5.12 crore shares will be admitted for trading. IndusInd Bank had priced the issue of shares to institutional investors at Rs 845 per share. The bank had raised Rs 4327.97 crore from the issue of shares to institutional investors late last month.
Greenply Industries turns ex-dividend today, 8 July 2015, for a dividend of Rs 3 per share for the year ended 31 March 2015.
Karnataka Bank turns ex-dividend today, 8 July 2015, for a dividend of Rs 5 per share for the year ended 31 March 2015.
MBL Infrastructures turns ex-dividend today, 8 July 2015, for a final dividend of Rs 3 per share for the year ended 31 March 2015.
Titagarh Wagons announced that it received an Industrial License under the Industries (Development and Regulation) Act, 1951 from Ministry of Commerce & Industry, Department Policy & Promotion, Government of India, New Delhi vide letter dated 1 July 2015 for the manufacture of various items for defence and plans to take all steps for the purpose expeditiously subject to such other formalities / compliances as may be applicable in this respect. The announcement was made after trading hours yesterday, 7 July 2015.
OnMobile Global said before market hours that it has launched an avant-garde digital music store for Grameenphone, a leading telecom operator in Bangladesh. Grameenphone Music which will be available on the web and as an application will reach out to more than 50 million subscribers in Bangladesh.
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