Power Grid Corporation of India (PGCIL)'s board of directors has approved the project for North Eastern Strengthening Scheme-III involving an outlay of Rs 133.71 crore. The company made the announcement after market hours yesterday, 23 September 2015.
Maruti Suzuki India (MSIL) announced after market hours yesterday, 23 September 2015, that the sales of its vehicles equipped with auto gear shift (AGS) have crossed 50,000 units. AGS vehicles are popular across the country particularly in markets like Delhi NCR, Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad and Kochi, MSIL said in a statement.
City Union Bank after market hours yesterday, 23 September 2015 said it has inaugurated its new branch at Jodhpur in Rajasthan.
MIC Electronics said after market hours yesterday, 23 September 2015 that its board of directors will meet on 30 September 2015, to consider and approve conversion of preferential convertible equity share warrants into equity shares in 1:1 ratio to promoters and investors being a part of 7.44 crore preferential convertible equity share warrants allotted on 25 November 2014 to promoters and investors.
Pantaloons Fashion & Retail will be in focus. With regard to news item titled "US Co Drags Pantaloons to Court Over Infringement Row", Pantaloons Fashion & Retail clarified after market hours yesterday, 23 September 2015 that Retail Royalty Company had filed a trademark infringement case against the company in Delhi High Court alleging that the company's brand Urban Eagle and its logo is deceptively similar to Retail Royalty Company's American Eagle Outfitters brand and the eagle logo. The matter was listed for hearing yesterday, 23 September 2015. While the copy of the Court Order is awaited, the Court recorded that Urban Eagle brand and its logo is not deceptively similar to the American Eagle brand and its logo, Pantaloons Fashion & Retail said. Therefore, Pantaloons has been allowed to continue usage of its existing Brand Name and Logo, except the usage of the words "Authentic Outfitters" in its products, Pantaloons Fashion & Retail said.
Kanpur Plastipack's board of directors at its meeting held yesterday, 23 September 2015, approved the proposal to set up a new greenfield project at a new site at Akbarpur district in Uttar Pradesh. The value of the project is Rs 61.91 crore and will be completed by December 2016. The company made the announcement after market hours yesterday, 23 September 2015.
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Bata India announced after market hours yesterday, 23 September 2015 that the company has fixed 8 October 2015 as the record date for 2 for 1 stock split.
New Delhi Television announced after market hours yesterday, 23 September 2015 that the Delhi High Court after hearing the arguments, was pleased to stay the operation of the order dated 14 September 2015 passed by the IT Department under section 281B of the Income Tax 1961 subject to an undertaking that the company shall not alienate or create charge on its assets without the leave of the Court except in the ordinary course of its business. The Bench also directed that the issue of granting of refund would be decided on the next date of hearing, i.e. 26 November 2015. The company had filed a writ petition before the Delhi High Court at Delhi challenging the said order.
Balmer Lawrie & Company announced after market hours yesterday, 23 September 2015 that that the company at its press meet after the 98th Annual General Meeting held on 22 September 2015 has announced investment of Rs 400 Crore in its logistics infrastructure business in the next 24-36 months. The area of focus are setting up of Multi-modal Logistics Hub at Vizag, a project under the MoU signed by the company with Visakhapatnam Port Trust, setting up of Temperature-controlled Warehouses at different locations in phases and revival of Transafe Services, a joint-venture of the company which has been referred to the Board for Industrial and Financial Reconstruction.
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