ICICI Bank after market hours yesterday, 5 August 2015 said that the bank through its DIFC (Dubai) branch, priced an issuance of 5 year fixed rate notes to an aggregate principal amount of $500 million. The notes were offered only outside the United States to non-US persons under Regulation S of the US Securities Act of 1933, as amended. The notes carry a coupon of 3.125% and were offered at an issue price of 99.574.
Tata Steel after market hours yesterday, 5 August 2015 in its update of recent developments said that while stoppage of despatches from the company's Noamundi iron ore mine in Jharkhand owing to differences with Jharkhand government will financially impact the company till the matter is resolved, the company has taken all measures to ensure that operations of Jamshedpur are unaffected by the actions of the state government and the company remains committed to its customers and other stakeholders.
With regard to developments in its European long products business, Tata Steel confirmed the negotiations about the potential sale of its European long products business and associated distribution facilities to Klesch Group have been discontinued. The company had been in talks with Klesch following the signing of a Memorandum of Understanding in October 2014, Tata Steel said. As of 2 August 2015, the long products business, with the associated distribution facilities, became a 100% subsidiary of Tata Steel UK, it added. With the hive down of the long products into a wholly owned subsidiary, the new structure will enable the company to evaluate and execute strategic options in the future, Tata Steel said.
On the issue of pension schemes in Tata Steel Europe, Tata Steel said that following the trade union recommendation to the members for the modification option changes to the British Steel Pension Scheme and the trade union members vote in support of this, Tata Steel UK, a subsidiary of Tata Steel confirms that the formal consultation with employees on the changes has been completed and that the trustee body and the company have made the amendments to the scheme to enable the benefit changes to be adopted.
On the issue of Stichting Pensioenfonds Hoogovens, Netherlands, Tata Steel said that on 7 July 2015, the execution agreement for the company's main pension scheme in the Netherlands, Stichting Pensioenfonds Hoogovens (SPH), was signed by Tata Steel's subsidiary Tata Steel Nederland BV and the SPH Board. The terms of this agreement will allow the scheme to be classified as a defined contribution scheme with effect from 7 July 2015 rather than defined benefit scheme, Tata Steel said.
GlaxoSmithkline Consumer Healthcare's net profit rose 19.12% to Rs 155.01 crore on 8.71% growth in total income to Rs 1099.92 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 5 August 2015.
Bata India's net profit rose 55.28% to Rs 92.19 crore on 8.6% growth in total income to Rs 684.84 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 5 August 2015.
Siemens' net profit rose 1195.23% to Rs 168.25 crore on 1.29% increase in total income to Rs 2431.51 crore in Q3 June 2015 over Q3 June 2014. Siemens' order intake declined 18.23% to Rs 2234.08 crore in Q3 June 2015 over Q3 June 2014. The result was announced after market hours yesterday, 5 August 2015.
Siemens' Managing Director and Chief Executive Officer Sunil Mathur said that order inflow in the company's energy vertical has not yet picked up. The company's continued focus on operational excellence is reflected in its improved profitability, he added.
On a consolidated basis, The Ramco Cements' net profit surged 166.60% to Rs 94.67 crore on 0.93% decline in total income to Rs 954.58 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 5 August 2015.
Sonata Software said that its wholly-owned subsidiary company, Sonata Software North America lnc., signed definitive agreements to acquire 100% stake in US-based Halosys lnc., which provides enterprise mobility enablement technology. The acquisition was done for an upfront payment of $2 million and earn out of $3 million payable over the next three years. This acquisition is subject to customary closing conditions and regulatory approvals, if any. The announcement was made after market hours yesterday, 5 August 2015.
Divis Laboratories turns ex-dividend today, 6 August 2015, for dividend of Rs 20 for the year ended March 2015.
ICRA turns ex-dividend today, 6 August 2015, for dividend of Rs 24 for the year ended March 2015.
Akzo Nobel India turns ex-dividend today, 6 August 2015, for dividend of Rs 20 for the year ended March 2015.
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