Wipro announced a partnership with Headspin, a San Francisco-based powerful, easy-to-use mobile experience platform, to offer next-generation mobility quality engineering and testing solutions on global mobile networks. Wipro Ventures, the strategic investment arm of Wipro that is focused on investing in early-to-mid-stage startups, made an investment in Headspin in October 2017. The announcement was made after market hours on Friday, 15 December 2017.
Bharti Airtel announced that on 16 December 2017, the company and Airtel Payments Bank (APBL) (a subsidiary of Airtel), were served with an interim order dated 15 December 2017 by the Unique Identification Authority of India, Government of India (UIDAI) directing suspension of the e-KYC license key of Airtel / APBL with immediate effect. The company is engaging with UIDAI to resolve this at the earliest. The announcement was made on Sunday, 17 December 2017.
JMC Projects (India) said it has secured new orders of Rs 790 crore. S. K. Tripathi, CEO & Deputy Managing Director, JMC Projects (India), said, the company's water pipeline and irrigation segment within the infrastructure business continues to build on with these orders and strengthens its belief of long term scalability. On the back of a solid order book, the company is confident of exceeding its revenue growth guidance for FY 2018. The announcement was made after market hours on Friday, 15 December 2017.
Shalimar Paints' board of directors, at its meeting held on 15 December 2017, approved the proposed rights issue of equity shares of the company. The rights issue price is Rs 140 per share and the maximum issue size is Rs 50 crore. The rights entitlement ratio is fixed at 6:32. The record date for rights issue is 29 December 2017. The announcement was made after market hours on Friday, 15 December 2017.
Dish TV India announced the receipt of the final approval needed in India for closing of the merger of Videocon d2h with and into Dish TV. The Ministry of Information and Broadcasting (MIB) vide its letter dated 15 December 2017 has approved the requests made by the company for completion of the transaction. This paves way for the creation of the largest listed media company in India taking into consideration the last reported revenue and EBITDA numbers of the two DTH players on a proforma basis. The combined entity is expected to provide better synergies and growth opportunities through deeper after-sales, distribution and technology capabilities and will also become a more effective partner for TV content providers in India. The announcement was made after market hours on Friday, 15 December 2017.
Kesoram Industries announced that its board approved raising up to Rs 350 crore through preferential issue of equity shares, which could include convertible warrants, to Manav Investment and Trading Company, a promoter group company. The announcement was made after market hours on Friday, 15 December 2017.
Shares of footwear makers will be watched. The Union Cabinet chaired by Prime Minister Narendra Modi has approved special package for employment generation in leather and footwear sector. The package involves implementation of Central Sector Scheme "Indian Footwear, Leather & Accessories Development Programme" with an approved expenditure of Rs 2600 crore over the three financial years from 2017-2018 to 2019-2020. The Ministry of Commerce & Industry made the announcement on Friday, 15 December 2017.
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