Siemens' profit after tax before exceptional items rose 13.5% to Rs 173 crore in Q4 September 2015 over Q4 September 2014. Revenue from continuing operations rose 10.9% to Rs 3231.30 crore in Q4 September 2015 over Q4 September 2014. It may be recalled that Siemens hived off its Metal Technologies business with effect from the close of business on 31 December 2014. The company announced the fourth quarter results after trading hours on Friday, 27 November 2015.
Lux Industries which makes innerwear under the Lux brand debuts on the National Stock Exchange (NSE) today, 30 November 2015. The stock is currently listed on the Calcutta and Ahmadabad stock exchanges, according to media reports. The stock will be traded in the Trade for Trade segment where each trade has to compulsorily result in delivery. Trading in the stock will begin in the one hour pre-open session and continuous trading in the stock will commence after the pre-open session ends at 10:00 IST. Lux Industries' net profit jumped 40.9% to Rs 13.05 crore on 0.2% decline in net sales to Rs 249.01 crore in Q2 September 2015 over Q2 September 2014.
IVRCL announced after market hours on Friday, 27 November 2015, that it has made an allotment of 2.42 crore equity shares of Rs 2 each, at issue price of Rs 24.39 per share, on 27 November 2015 to Corporate Debt Restructuring (CDR) lenders who have signed the master restructuring agreement. This allotment is towards conversion of funded interest term loan (FITL ) into equity, for the period of 1 July 2015 to 30 September 2015.
IOL Chemicals & Pharmaceuticals announced after market hours on Friday, 27 November 2015, that the allotment committee of the board of directors in its meeting held on 27 November 2015 has allotted 7.25 lakh equity shares of Rs 10 each to Innova Marchantiles, non-promoter on the exercise of option attached with the warrants allotted on 4 July 2014 and the said shares shall be remain locked in for a period of one year from the date of trading approval. Consequent upon the issue of the above 7.25 lakh equity shares, the total paid-up capital of the company stands increased to 5.58 crore fully paid equity shares of Rs 10 each.
Tata Global Beverages and Tata Coffee will be watched. Tata Coffee (TCL) and its holding company, Tata Global Beverages (TGBL), have jointly developed an instant coffee product for the Indian market, which was launched on Sunday, 29 November 2015, by TGBL under the brand name 'Tata Coffee Grand'. The product will be manufactured by TCL and marketed and distributed by TGBL. The announcement was made before trading hours today, 30 November 2015.
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