Tata Motors announced after market hours yesterday, 15 October 2015, that its global wholesales, including Jaguar Land Rover (JLR) rose 21% at 97,102 units in September 2015 over September 2014.
Infosys turns ex-dividend today, 16 October 2015, for interim dividend of Rs 10 per share for the year ending 31 March 2016 (FY 2016).
Bharti Airtel before market hours today, 16 October 2015 said that the agreements for sale of tower assets in Africa between Bharti Airtel Malawi Holdings B.V. & ors. and Eaton Towers (Lilongwe) & ors. has lapsed and therefore stands terminated.
It may be recalled that Bharti Airtel had on 8 September 2014 announced an agreement with Eaton Towers, a leading independent telecoms tower company in Africa, for divestment of over 3,500 telecoms towers from Airtel to Eaton Towers.
Bharti Airtel gave an update after market hours yesterday, 15 October 2015, in the matter of 'CBI vs Shvamal Ghosh & Others,' that the Special court has vide its order dated 15 October 2015 discharged Bharti Airtel and the other accused persons, on a finding, interalia, that there is no incriminating material on record against the accused and the accused deserve to be discharged.
Allegedly there were irregularities in spectrum allocation during 2002-03 to Bharti Airtel and Vodafone India (then divided into two companies Sterling Cellular and Hutchison Max) beyond 6.2 Mhz pegging the loss to the exchequer at Rs 846 crore.
Reliance Industries announces its Q2 September 2015 result today, 16 October 2015.
Shares of PSU OMCs will be in focus after Indian Oil Corporation (IOCL) announced increase in the retail selling price of diesel by Rs 0.95 per litre at Delhi (including State levies) with corresponding price revision in other states. With the latest revision, the price of diesel in Delhi will become Rs 45.90 per litre. The hike in diesel price is effective 16 October 2015. The announcement was made by IOCL after market hours yesterday, 15 October 2015.
IOCL said that the current level of the international prices and INR-USD exchange rate warrant a price increase, which is being passed on to consumers with this price revision. The movement of prices in international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes, IOCL said.
Subros announced after market hours yesterday, 15 October 2015, that it has received an order of Rs 15 crore from Indian Railways - Diesel Locomotive Works (DLW), Varanasi for the supply of cab mounted heating, ventilation, and air conditioning (HVAC) unit. The company has made efforts for development of product to meet DLW's requirements & expects continued business from Indian Railways.
Parsvnath Developers announced after market hours yesterday, 15 October 2015, the launch of Parsvnath Aakanksha (2/3 BHK floors) in a fully functional integrated township Parsvnath City, Jodhpur.
Century Plyboards (India) announced after market hours yesterday, 15 October 2015, that the company's wholly owned subsidiary Century Ply (Singapore) Pte in Singapore has incorporated a step-down subsidiary by the name Century Ply Laos Co in Laos on 14 October 2015. The subsidiary has been incorporated with the object of trading in timber, manufacturing and trading in plywood & all wood products & materials and providing related services.
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