ING Vysya Bank's net profit surged 34.58% to Rs 175.12 crore on 15.69% growth in total income to Rs 1553.08 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Monday, 22 July 2013.
L&T said after market hours on Monday, 22 July 2013, that the company has been allowed to sell upto 1% equity shares of L&T Finance Holdings on the floor of stock exchanges for meeting the minimum public shareholding requirement as prescribed by the Securities Exchange Board of India. In addition to sale of shares of L&T Finance Holdings on the floor of the stock exchanges, the company has been advised to explore other options for meeting the minimum public shareholding norms of L&T Finance Holdings, L&T said. L&T Finance Holdings is a subsidiary of L&T.
L&T Finance Holdings unveils Q1 June 2013 results today, 23 July 2013.
Shares of gold jewellery firms will be in focus after the Reserve Bank of India (RBI) on Monday, 22 July 2013, said it has decided to rationalize the import of gold in any form/purity including import of gold coins/dore into the country. RBI said that certain restrictions were imposed on the import of various forms of gold by nominated banks/nominated agencies/premier or star trading houses/SEZ units/EoUs which have been permitted to import gold for use in the domestic sector. On a review of the above instructions and in consultation with Government of India, it has been decided to rationalize the import of gold in any form/purity including import of gold coins/dore into the country, RBI said. Nominated banks/ Nominated agencies will ensure that at least one fifth of every lot of import of gold (in any form/purity including import of gold coins/dore) is exclusively made available for the purpose of export. They shall make available gold in any form for domestic use only to entities engaged in jewellery business/bullion dealers supplying gold to jewelers, RBI said. The instructions will, however, not apply to import of gold by units in the SEZ/EOUs /star trading houses who would import gold only for the purpose of exports, RBI said.
Suzlon Energy after market hours on Monday, 22 July 2013, said its board of directors has approved, subject to the approval of the shareholders, allotment of compulsorily convertible debentures of the company on preferential basis in accordance with the ICDR Regulations to the promoters in consideration of conversion of unsecured loan of Rs 145 crore given by the promoters to the company, forming a part of the corporate debt restructuring (CDR) package.
Great Eastern Shipping Company at the fag end of trading hours on Monday, 22 July 2013, said it has signed contract to buy a very large gas carrier (VLGC) of about 49,300 dwt. The 1994 built vessel is expected to join the company's fleet during first half of FY 2015, the company said.
Bayer CropScience's board of directors at a meeting held on Monday, 22 July 2013, unanimously approved a buyback proposal for purchase by the company of up to 28.79 lakh equity shares of Rs 10 each, representing 7.29% of the total equity capital, from all the shareholders of the company on a proportionate basis through the "Tender Offer" route as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 (the Buyback Regulations) at a price of Rs 1,580 per equity share, aggregating to approximately Rs 455 crore. The board noted the intention of the promoter group of the company to participate in the proposed buyback. The buyback would be subject to approval of the shareholders by way of a special resolution through postal ballot and all other applicable statutory approvals.
Vascon Engineers on Monday, 22 July 2013, said that the company has decided to appoint a merchant banker to advice on the way ahead for issue of equity shares of the company.
Timken India turns ex-dividend today, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).
Deepak Nitrite turns ex-dividend today, for dividend of Rs 8 per share for the year ended 31 March 2013 (FY 2013).
Shasun Pharmaceuticals turns ex-dividend today, for dividend of Rs 1.50 per share for the year ended 31 March 2013 (FY 2013).
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