Wipro announced after market hours on Monday, 19 May 2014, a strategic partnership with Takeda Pharmaceutical Company, the largest pharmaceutical company in Japan and one of the global leaders of the industry.
This strategic partnership will build advanced value in Takeda's operations by consolidating IT platforms across the organization. As a strategic partner, Wipro will build and maintain an "as-a-service" global platform for Takeda that will drive synergies across its global entities through standardization of IT architecture. Wipro will be primary provider of IT Infrastructure management services covering Takeda's entities across the world, touching 30,000 users in 16 different languages, operating out of data centers in Asia, Europe and America.
Speaking on the engagement, Sangita Singh, Chief Executive - Healthcare and Life Science Business Unit at Wipro said, "We are thrilled to partner with Takeda in its business transformation journey. Wipro is leveraging its experience in enabling global pharma companies to achieve a leaner & standardized IT workplace and implement newer business models that put patient at the core. We look forward to collaboratively partnering with the Takeda team in enabling this unique platform across its global operations."
"Wipro will deliver the "as-a-service" on demand model, which is redefining the way organizations purchase technology. With our global delivery capabilities, Wipro will drive Takeda's IT infrastructure, consolidating and optimizing resources across the organization," added G K Prasanna, Chief Executive - Global Infrastructure Services & Product Engineering Services.
ICICI Bank has reportedly cut home loan rates by 10-15 basis points for the salaried and women borrowers in a bid to improve its market share by attracting new customers. One bps is 0.01 percentage point. The new offer is a limited till 30 June 2014, and for loans up to Rs 75 lakh. The revised rates will be applicable only for new customers, reports added.
Drug major Dr Reddy's Laboratories reportedly launched Rebask cream used for moisturising skin in the Indian market. The cream is an advanced, Ceramide dominant, non-greasy and quick absorbing formulation that helps in moisturisation of skin. The product also forms an skin barrier that prevents loss of moisture through the skin, reports said. The Rebask cream is available as a 50 gm tube pack.
Tata Motors will be watched. Moody's Investors Service has affirmed the Ba3 corporate family rating of Tata Motors and maintained the stable outlook.
JSW Steel said after market hours on Monday, 19 May 2014 that crude steel production rose 14% to 9.9 lakh tonnes in April 2014 over April 2013. Production of flat rolled products rose 14% to 7.76 lakh tonnes in April 2014 over April 2013. Production of long rolled products rose 28% to 1.64 lakh tonnes in April 2014 over April 2013.
Shipping Corporation of India (SCI) with respect to the news item appearing in the media titled "Shipping Corporation of India to sell its stake in Iranian JV to its partner". has clarified that currently as per cabinet decision, the process for dissolution of Irano Hind Shipping Company (IHSC) is on. However, the final exit has not been done. Once that is finalised, SCI shall inform the stock exchange.
SREI Infrastructure Finance said that public issue by the company of 7.50 lakh secured redeemable non-convertible debentures (NCD) of face value of Rs 1000 each for an amount upto Rs 75 crore with an option to retain oversubscription upto additional 7.50 crore NCDs of Rs 1000 each, for an amount upto Rs 75 crore, aggregating to Rs 150 crore, which opened for subscription on 9 May 2014 has closed on 19 May 2014.
Aditya Birla Nuvo, Credit Analysis And Research, Essar Oil and Punj Lloyd, among others, will announce their January-March 2014 earnings today, 20 May 2014.
Reliance Power's consolidated net profit rose 1% to Rs 269 crore on 11% rise in total income to Rs 1400 crore in Q4 March 2014 over Q4 March 2013. Consolidated net profit rose 2% to Rs 1,027 crore on 5% rise in total income to Rs 5546 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31March 2013 (FY 2013). The result was announced after market hours on Monday, 19 May 2014.
Reliance Infrastructure's consolidated net profit fell 14.3% to Rs 621.42 crore on 20.73% decline in total income to Rs 5036 crore in Q4 March 2014 over Q4 March 2013. The result was announced after market hours on Monday, 19 May 2014.
Net profit of Whirlpool of India rose 43.64% to Rs 35.55 crore in the quarter ended March 2014 as against Rs 24.75 crore during the previous quarter ended March 2013. Sales rose 5.88% to Rs 743.12 crore in the quarter ended March 2014 as against Rs 701.86 crore during the previous quarter ended March 2013.
Net profit of Bombay Oxygen Corporation reported to Rs 0.38 crore in the quarter ended March 2014 as against net loss of Rs 1.00 crore during the previous quarter ended March 2013. Sales declined 8.02% to Rs 4.36 crore in the quarter ended March 2014 as against Rs 4.74 crore during the previous quarter ended March 2013.
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