TVS Motor Company announced the launch of its new four stroke moped TVS XL 100, which is currently available in the Tamil Nadu market. The TVS XL 100 comes at an ex-showroom price of Rs 29,539 in Tamil Nadu. The moped comes in five colours of black, red, green, blue and grey. The announcement was made after market hours on Monday, 25 January 2016.
NBCC said it bagged a work order from International Trade Promotion Organisation (ITPO) for re-development of Pragati Maidan, New Delhi for Rs 2149 crore. The announcement was made during trading hours today, 27 January 2016.
Housing finance major HDFC and Power Grid Corporation of India are scheduled to announce their third quarter results today, 27 January 2016.
Goa Carbon said that the operations at the company's Goa plant has been temporarily shut down from 23 January 2016. There would not be any financial impact due to the temporary shutdown of the company's Goa unit on account of sufficient inventory of finished material, Goa Carbon said. The announcement was made after market hours on Monday, 25 January 2016.
LT Foods has initiated a dialogue with DSM Nutritional products to introduce fortified rice as a new offering in the nutritional range, thereby expanding the overall product portfolio of the company. It is intended to offer rice based nutrition products for both the social sector through government / NGO / UN channels as well as through the open market channels by leveraging the strong relationship with its customers, LT Foods said. This venture will strengthen the company's presence in nutritional product segment where it currently offers products like brown basmati rice, the company said. The target audience of new product is every household in general, specifically young children and young mothers, it added. The announcement was made after market hours on Monday, 25 January 2016.
Scooters India said that the board of directors of the company at its meeting held on 25 January 2016, has taken note of reduction in the practical/achievable capacity of the plant of the company to 12500 units of three wheeler as against the nameplate/installed capacity of 16500 units of three wheelers, as per report of Chartered Engineer. Further the board also approved the company's plan to manufacture body built three wheelers in addition to drive away chassis. The announcement was made after market hours on Monday, 25 January 2016.
Indosolar said that the board of directors of the company at its meeting held on 25 January 2016, has noted, the outcome of the joint lenders meeting and as per meeting, banks are not considering second restructuring proposal as of now and are exploring the possibility of sale to Asset Restructuring Company (ARC) and/or to invoke change in management. The announcement was made after market hours on Monday, 25 January 2016.
HCL Technologies announced after market hours on Monday, 25 January 2016, acquisition of Point to Point and Point to Point Products (jointly referred as Point to Point or P2P), UK's leading end-user cloud solutions design, implementation and delivery specialists. With over a decade of experience in the desktop and application virtualization space, Point to Point provides a range of enterprise workplace transformation services and end-user cloud engineering solutions.
As part of the acquisition, HCL will be acquiring 100% outstanding shares of the company, the existing leadership team of P2P will remain in place and no workforce changes are planned. The total cash consideration for this transaction is approximately GBP 8 million, including contingent payments subject to certain financial milestones. P2P had trailing twelve-month revenue of approximately GBP 8.5 million as of 31 December 2015. Over 40 P2P employees will be welcomed into the HCL family. The acquisition will have a simultaneous signing and closing and business folds into HCL immediately on signing of the deal.
The acquisition enables HCL to take advantage of the rapidly growing virtualization space as there is a Global Shift to Desktop Virtualization. Adding P2P augments HCL's capability in virtualized desktop technologies such as Citrix, Microsoft and Lakeside.
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