Zee Entertainment Enterprises will replace United Spirits in the 50-share CNX Nifty index from today, 19 September 2014.
Maruti Suzuki India (MSIL) after market hours on Thursday, 18 September 2014 said it has appointed R S Kalsi as the head of Domestic Marketing and Sales. Kalsi is currently Executive Director, heading the parts, accessories and outbound logistics divisions of the company, MSIL said in a statement.
Shashank Srivastava, Executive Director, will continue to head International Marketing for the company and both Kalsi and Srivastava will report to the Managing Director, MSIL said. These changes follow the resignation of Mayank Pareek, Senior Executive Officer (Marketing and Sales) from the company.
With these organisational changes Maruti Suzuki will continue to strengthen its relationship with customer and partners, the company said.
Shares of Biocon will be watched. Silver Leaf Oak (Mauritius), an investment vehicle advised by India Value Fund Advisors has agreed to acquire a minority 10% stake in Syngene International, Biocon's Research Services subsidiary. Silver Leaf will acquire the stake from Biocon Research, a wholly owned subsidiary of Biocon at a valuation of Rs 3800 crore. The transaction is subject to standard condition precedents including regulatory approvals. Post the completion of this transaction, Biocon and Biocon Research will jointly hold 85.54% stake in Syngene.
Cipla after market hours on Thursday, 18 September 2014 announced that it has signed an agreement with Salix Pharmaceuticals, Inc., a US-based speciality pharmaceutical company. Under the agreement, Cipla has granted Salix exclusive rights under certain patent applications in the 'Rifaximin Complexes' patent family controlled by Cipla.
The grant is on a worldwide basis, excluding the countries of Asia (other than Japan) and Africa, Cipla said. Salix is required to make an up-front payment and, upon achievement, additional regulatory milestone payments to Cipla in respect of the new license agreement regarding the 'Rifaximin Complexes' patent rights. Salix also will pay a royalty on net sales of products covered by the 'Rifaximin Complexes' patents licensed to Salix, the company said.
Tech Mahindra after market hours on Thursday, 18 September 2014 announced that it will work together with Bosch Software Innovations to develop an ecosystem to enable innovative solutions for the connected world and connected enterprises.
SPML Infra announced that its board has evaluated the various options of fund raising available to the company and authorized the management to explore the proposal to sell investments in the hydro power and road assets. The board also approved raising funds through qualified institutional placement (QIP) route for an amount to the extent of Rs 100 crore.
Capital First after market hours on Thursday, 18 September 2014 said that the Debenture Committee constituted by the board of directors of the company at its meeting held on Thursday, 18 September 2014, has approved a proposed issue of Unsecured, Non-Convertible Perpetual Debentures (Perpetual Debt Instruments-PDI) in one or more tranches, for an aggregate amount of Rs 50 crore on private placement basis.
Manappuram Finance after market hours on Thursday, 18 September 2014 said that a meeting of the board of directors of the company will be held on 23 September 2014, to consider the diversification of business into micro finance & financing of commercial vehicles.
The board of directors of Byke Hospitality will meet on 27 September 2014, to fix the record date for the purpose of issue of bonus shares. The company's board had in its meeting held on 13 August 2014 approved issue of 1:1 bonus shares.
Dabur India turns ex-dividend today, 19 September 2014, for an interim dividend of Rs 1.25 per share for the year ending 31 March 2015.
Emami turns ex-dividend today, 19 September 2014, for an interim dividend of Rs 4 per share for the year ending 31 March 2015.
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