IndusInd Bank announces its Q2 results today, 13 October 2014.
Reliance Industries (RIL) also announces its Q2 results today, 13 October 2014.
Meanwhile, RIL said on Saturday, 11 October 2014, that at the board meetings held on 11 October 2014, Reliance Jio Infocomm and Reliance Retail Ventures approved the appointment of Isha Ambani and Akash Ambani as directors on their boards. Reliance Jio Infocomm and Reliance Retail Ventures are subsidiaries of RIL. Isha Ambani and Akash Ambani are offsprings of RIL's chairman Mukesh Ambani.
Isha Ambani graduated from Yale University with double majors in Psychology and South Asian Studies. She was a business analyst at McKinsey & company's New York office. Akash Ambani graduated from Brown University with major in Economics. He is closely involved in the development of products and digital services applications in Reliance Jio.
Mahindra & Mahindra (M&M) announced after market hours on Friday, 10 October 2014, that the company, as part of aligning its production with sales requirements, would be observing no production days at the company's tractor plants located at Rudrapur and Jaipur for four days during the balance period of October, 2014. The management does not envisage any adverse impact on availability of tractors in the market due to adequacy of tractor stocks to serve the market requirements, M&M said in a statement.
Bharti Airtel after market hours on Friday, 10 October 2014 in a clarification with regard to news item titled "Ericsson Bags 4G Deal from Bharti Airtel" said that the said news item does not have a material impact on the company. Bharti Airtel ( Airtel ) has a long term strategic partnership with Ericsson for network equipment for more than a decade including 2G and 3G, the company said. As part of ongoing business requirements, Airtel has engaged Ericsson to assist in the rollout of LTE (FD) in certain circles while some other partners were awarded other territories to enhance the existing LTE footprint, Bharti Airtel said.
Tata Power Company (Tata Power) after market hours on Friday, 10 October 2014 in a clarification with regard to news item titled "Tatas, ICICI Venture may Team up for Power Play" said that Tata Power continues to look at various such options to improve stakeholders value and a proposal similar to one that appeared is at consideration stage, where no binding agreements or any commitments have been made by the company. The contents appearing in the newspaper report is largely speculative, Tata Power said.
ACC after trading hours on Friday, 10 October 2014, said that after a Supreme Court ruling on renewal of mining leases, the Jharkhand and Odisha state governments have served notices on the company to suspend limestone mining operations at Chaibasa and Bargarh cement plants. The clinker production at Chaibasa and Bargarh plants has stopped. However, the operations of cement grinding units associated with these plants are continuing with transfer of clinker to them from sister works, ACC said. The company said it is awaiting further developments in the matter. Whilst the company has complied with the court order seeking stopping mining activities, the company is in the process of seeking relief in the matter and is hopeful of a positive outcome, ACC said.
Amazon India and Future Group before market hours today, 13 October 2014, announced a strategic alliance that will leverage the strong product knowledge, extensive brand portfolio and sourcing base of Future Group, and the ecommerce platform, customer base and reach of Amazon.in. The partnership will initially focus on the Future's Group fashion brands and will subsequently cover all other categories.
Once launched, customers on Amazon.in platform can now expect the largest online stores of Future Group fashion brands Lee Cooper, Converse, Indigo Nation, Scullers or Jealous21, among others and benefit in making a purchase decision through rich product content, secure payments, fast delivery and easy returns on the www.amazon.inplatform. Future Group's current portfolio of over 40 brands and 10,000 + unique styles exclusively will be retailed exclusively online through Amazon.in platform. Partnership between the two organisations will bring together the best of consumer insig ht from the online and offline world and create the omni channel approach to serving customers. Amazon.in will also partner Future Group brands in promoting the existing and new brands in markets, explore cobranding opportunities and accelerate new product development in categories which are currently not served by retailers. The companies will also explore synergies in areas such as distribution network, customer acquisition and cross promotions.
FCS Software Solutions announced after market hours on Friday, 10 October 2014, that a meeting of the board of directors of the company will be held on 14 October 2014, inter alia, to consider allotment of 14 crore warrants convertible into equivalent number of shares on a preferential basis, ranking pari passu with the existing equity share, to promoter and non-promoter group, based on the approval of stock exchanges dated 8th & 9th October, 2014.
Vascon Engineers announced after market hours on Friday, 10 October 2014, that a meeting of the board of directors of the company will be held on 20 October 2014, to consider rights issue of shares. The company will also announce its Q2 results on that day.
With respect to news article titled "Crompton Greaves to hive off consumer biz ahead of stake sale."Crompton Greaves clarified after market hours on Friday, 10 October 2014, that the company is not engaged in or informed of any negotiations regarding the rumoured stake sale by the promoters of the company. The company also stated that the reported news is speculative in nature as the board of directors has not yet approved the structure and the scheme of the demerger of its consumer business unit. As and when the board approves the structure of demerger, the same will be communicated to the Stock Exchanges, it added. The company said that as announced on 16 July 2014, the board of directors of the company at its annual strategic review meeting held on 16 July 2014, had proposed to demerge its consumer products business unit into a separate listed company and had constituted a committee of directors to examine all relevant aspects of the process of demerger and listing and make suitable recommendations to the board.
Reliance Industrial Infrastructure's (RIIL) net profit fell 8% to Rs 5.43 crore on18.3 % rise in total revenue to Rs 25.95 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours on Friday, 10 October 2014.
DCB Bank said on Saturday, 11 October 2014, that the board of directors of the bank at its meeting held on 10 October 2014, has approved the issue and allotment of 3.04 crore shares of face value to eligible qualified institutional buyers (QIB) at the issue price of Rs 82.15 per share, aggregating to Rs 250 crore
Meghmani Organics announced after market hours on Friday, 10 October 2014, that the Non Convertible Debentures (NCD) Series I, of Rs 50 crore due for redemption on 11 October 20144 have been redeemed on 10 October 2014. Non Convertible Debentures (NCD) Series II of Rs 50 crore will be due for redemption on 12 October 2015, as per the terms of issue. The company had privately placed Non Convertible Debentures (NCD) Series I of Rs 50 crore and Series II of Rs 50 crore aggregating Rs 100 crore on 12 October 2010. The NCD's are listed on Bombay Stock Exchange (BSE).
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