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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Castrol India standalone net profit rises 10.65% in the December 2016 quarter
Feb 22,2017

Net profit of Castrol India rose 10.65% to Rs 155.80 crore in the quarter ended December 2016 as against Rs 140.80 crore during the previous quarter ended December 2015. Sales declined 1.15% to Rs 779.10 crore in the quarter ended December 2016 as against Rs 788.20 crore during the previous quarter ended December 2015.

For the full year,net profit rose 9.70% to Rs 674.90 crore in the year ended December 2016 as against Rs 615.20 crore during the previous year ended December 2015. Sales rose 2.21% to Rs 3358.00 crore in the year ended December 2016 as against Rs 3285.30 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales779.10788.20 -1 3358.003285.30 2 OPM %28.1726.90 -29.9327.24 - PBDT255.00234.10 9 1090.70989.90 10 PBT244.20225.00 9 1045.70950.90 10 NP155.80140.80 11 674.90615.20 10

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ITD Cementation India standalone net profit declines 56.72% in the December 2016 quarter
Feb 22,2017

Net profit of ITD Cementation India declined 56.72% to Rs 13.01 crore in the quarter ended December 2016 as against Rs 30.06 crore during the previous quarter ended December 2015. Sales declined 31.77% to Rs 674.53 crore in the quarter ended December 2016 as against Rs 988.64 crore during the previous quarter ended December 2015.

For the full year,net profit reported to Rs 48.11 crore in the year ended December 2016 as against net loss of Rs 59.31 crore during the previous year ended December 2015. Sales rose 4.76% to Rs 2869.51 crore in the year ended December 2016 as against Rs 2739.12 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales674.53988.64 -32 2869.512739.12 5 OPM %7.055.97 -6.825.78 - PBDT33.5138.74 -14 126.7560.06 111 PBT24.9432.17 -22 94.4435.21 168 NP13.0130.06 -57 48.11-59.31 LP

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Bharti Airtel acquires strategic equity stake in Seynse Technologies
Feb 22,2017

Bharti Airtel announced that the Company through its subsidiary, Bharti Airtel Services has acquired a strategic equity stake in Seynse Technologies, a financial technology company.

Seynse has created the popular digital lending platform Loan Singh, which enables easy loan for credit-worthy yet under served borrowers. Seynse has built a proprietary credit engine and advance machine learning capacity to serve customers.

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ICICI Bank allots 564,014 equity shares
Feb 22,2017

ICICI Bank has allotted 564,014 equity shares of face value of Rs. 2/- each on 20 February 2017 under the Employees Stock Option Scheme, 2000 (ESOS).

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TCS recognised as a Leader in Managed Workplace Services North America
Feb 22,2017

Tata Consultancy Services announced that it has been recognised by Gartner, Inc. as a Leader in its Magic Quadrant for Managed Workplace Services, North America report.

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Eros International Media allots 128,080 equity shares
Feb 22,2017

Eros International Media announced that the Nomination & Remuneration Committee vide its resolution passed on 21 February 2017 have approved the issue and allotment of 128,080 equity shares of Rs. 10/- each to the employees against exercise of stock options granted to them, in accordance with SEBI (ESOS & ESPS) Guidelines 1999 & Eros International Media Limited - Employee Stock Option Scheme 2009.

The Company have already received in-principle approval for listing of the equity shares against exercise of stock options. However, the Company shall file an application for listing of above shares on receipt of credit confirmation from CDSL and NSDL.

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State Bank of Mysore intimates of bank strike
Feb 22,2017

State Bank of Mysore has called for an All India Bank Strike on 28 February 2017. In the event of the strike taking place, the normal Banking operations in our Bank may get affected on 28 February 2017.

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Hindustan Organic Chemicals announced change in directorate
Feb 22,2017

Hindustan Organic Chemicals announced that:

1. Vide GOI Order dated 13 February 2017 the President has appointed Lata Alker, as part time Non-official Director on the Board of Hindustan Organic Chemicals , (HOCL) for a period of three years with effect from the date of notification of this appointment order (i e from 21 February 2017).

2. Vide GOI Order dated 13 February 2017, the President has appointed Mukesh Pareek, as part time Non-official Director on the Board of Hindustan Organic Chemicals, (HOCL) for a period of three years with effect from the date of notification of this appointment order (i.e from 21 February 2017).

3. Further Vide Govt. ORDER dated 15 November 2016 the President has appointed the appointment of Meenakshi Gupta, AS&FA as Govt. Nominee Director, HOCL on the Board of Hindustan Organic Chemicals Ltd., (HOCL) in place of Dinesh Kumar, Director, w.e.f. 15 November 2016. This facts were also noted by the Board of Directors at its Board Meeting held on 20 January 2017.

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Mindtree allots 26676 equity shares
Feb 22,2017

Mindtree has allotted the 26676 equity shares of Rs.10/- each, pursuant to the exercise of stock options /stock purchase granted to them under Employee Stock Option Plan 2001 (Program 2) and Mindtree Employee Restricted Stock Purchase Plan 2012 (Program 8) (ESPS) respectively of the Company.

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RBL Bank intimates of Bank strike
Feb 22,2017

RBL Bank announced that the Company have been advised by the Indian Banks Association (IBA) that All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), National Confederation of Bank Employees (NCBEn++), All India Bank Officers Confederation (AIBOC), Bank Employee Federation of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO) have served the notice of strike on IBA informing their decision to go on strike for all the banks on 28 February 2017.

Ratnakar Bank Officers Organisation and Ratnakar Bank Employee Union of the RBL Bank are affiliated to the AIBOA and AIBEA, respectively.

The Bank will take all necessary steps for smooth functioning of the Banks Branches/ Offices on the day of strike. However, it is likely that some of the Banks branches would also be impacted by strike, in case it materialises.

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Federal Bank allots 4,92,818 equity shares
Feb 22,2017

Federal Bank announced that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 4,92,818 (Four lakh ninety two thousand eight hundred and eighteen) Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.

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Federal Bank allots 4,92,818 equity shares
Feb 22,2017

Federal Bank announced that as authorized by the Nomination, Remuneration, Ethics and Compensation Committee, allotment of 4,92,818 (Four lakh ninety two thousand eight hundred and eighteen) Equity Shares with face value of Rs. 2/- each of the Bank to the Option Grantees has been made upon exercise of stock options under ESOS 2010 Scheme for which allottees have paid money.

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Commerce Minister emphasizes the need to focus on Research, Standards and Aggregation to enhance Farmers income
Feb 22,2017

Commerce and Industry Minister Smt. Nirmala Sitharaman has emphasized the need to focus on Research, Standards and Aggregation to enhance farmers income. Interacting with the members of the ICFA(Indian Council of Food and Agriculture) on the issue of Doubling of Farmers Income through Agro and Food Trade she said Inter -Ministerial discussions are necessary for coordination. The Minister said the government is willing to hear suggestions and respond to all issues pertaining to exports and domestic trade.

Smt. Sitharaman said agricultural research is of paramount importance ,citing example of Tobacco she said till date there has been no research done to find alternative crop for tobacco farmers. Further she highlighted the issue of Onion production where again research is needed to prevent the shortage and glut of production .

The Minister said the issues pertaining to international standards will be taken up appropriately. She said preserving the interests of the farmers has to be the core of all discussions in which both the central and state governments have to come together.

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Coffee Day Enterprises provides update on step down subsidiary - AlphaGrep Holding HK
Feb 22,2017

Coffee Day Enterprises announced that step-down subsidiary of the Company AlphaGrep Holding HK has divested 4050 [40.50%] shares in its subsidiary namely Lighthouse Financial Technologies (formerly known as AlphaGrep Technologies (AG TECH) and its subsidiaries Lighthouse Financial HK [Formerly known as Alpha Grep HK (AG HK)] and Lighthouse Financial Trading [Formerly known as AlphaGrep Trading (AG TL)] w.e.f. 21 February 2017.

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Board of K D Trend Wear approves delisting of shares from Institutional trading platform of BSE
Feb 22,2017

K D Trend Wear announced that the Board of Directors of the Company at its meeting held on 22 February 2017 has approved delisting of equity shares of the Company from Institutional Trading Platform of BSE.

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