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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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Wipro in focus after securing contract from Valmet
Jun 15,2017

Wipro announced that it has won IT Applications Managed Services engagement with Finnish company, Valmet, a leading global developer and supplier of technologies, automation and services for the pulp, paper, and energy industries. The announcement was made after market hours yesterday, 14 June 2017.

Valmet has selected Wipro as the partner for supporting its renewed Infor LN ERP platform. As part of the multi-year engagement, Wipro will deliver the maintenance and support of the new ERP platforms in a Managed Services model covering all global locations in which Valmet operates.

Repco Home Finance announced that the securities allotment committee of the board of directors of the company approved the allotment of 2,720 secured, redeemable, non-convertible, non-cumulative debentures (SRNCD) aggregating to Rs 272 crore on private placement basis to International Finance Corporation. The announcement was made after market hours yesterday, 14 June 2017.

Corporation Bank has revised the banks tenor based Marginal Cost of Funds based Lending Rate (MCLR) for all new rupee loans and advances including renewals from 15 June 2017.

MCLR for overnight loans will be 8.15%, the rate for one month will be 8.15% and for three months it will be 8.25%. The MCLR on 6-month loans will be 8.65% and for one-year loans the rate will be 8.75%, the bank said. The announcement was made after market hours yesterday, 14 June 2017.

Central Bank of India said that the Reserve Bank of India (RBI) has put the bank under prompt corrective action in view of high net non performing assets (NPA) and negative return on assets (RoA). The bank believes that corrective measures arising out of the PCA will help in improving overall performance of the bank. The announcement was made after market hours yesterday, 14 June 2017.

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Board of Piramal Enterprises approves private placement of NCDs
Jun 14,2017

The Board of Director of Piramal Enterprises at its meeting held on 14 June 2017 approved the issue of secured NCDs aggregating Rs 400 crore with a Greenshoe option of Rs 200 crore not exceeding total issue size of Rs 600 crore on private placement basis.

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Repco Home Finance allots NCD aggregating Rs 272 crore
Jun 14,2017

Repco Home Finance announced that the Securities Allotment Committee of the Board of Directors at its meeting held on 14 June 2017, has inter alia approved the allotment of 2720 Secured, Redeemable, Non-Convertible, Non-Cumulative Debentures (SRNCD) of face value of Rs.10,00,000 each aggregating to Rs.272 crore on private placement basis to International Finance Corporation.

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Board of Network issues 49148498 Equity Shares under scheme of reduction of capital
Jun 14,2017

Network announced that the board of directors of the company at its meeting held on 14 June 2017, has issued 49148498 Equity Shares of Rs. 2/- each, fully paid, in lieu of 49148498 Equity Shares of Rs. 10/- each, in terms of Scheme of Reduction of the Share Capital of the company reducing the paid up value of each Equity Share of the company from Rs. 10 per share to Rs. 2 per share, duly approved National Company Law Tribunal, New Delhi.

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Board of Esaar (India) appoints company secretary and compliance officer
Jun 14,2017

The Board of Directors of Esaar (India) approved the appointment of Khushboo Jain as the company secretary and compliance officer of the company w.e.f. 10 June 2017. The Board disapproved the appointment of Chetana Narayan Tiverkar as the CFO of the company.

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Board of Source Natural Foods & Herbal Supplements appoints director
Jun 14,2017

Source Natural Foods & Herbal Supplements announced that the Board of Directors of the Company have approved appointment of Tejagna Katpitia as Additional Director with effect from 14 June 2017.

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N R Agarwal Industries to temporarily shut down Unit II in Vapi
Jun 14,2017

N R Agarwal Industries announced that the operations of the Companys Unit - II located at Plot No.1, Phase I, GIDC, Vapi -396 195, Dist. Valsad, Gujarat shall be temporarily shut down for a period of 20 days with effect from 20 June 2017 for the purpose of technological upgradation.

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HCL Technologies launches General Data Protection Regulation Services
Jun 14,2017

HCL Technologies announced the launch of General Data Protection Regulation services to help organizations comply with EU GDPR regulations. The new GDPR Regulation which is mandated to be adopted by May 2018, extends the data rights of individuals and requires organisations to develop clear policies and procedures to protect personal data and adopt appropriate technical and organisational measures.

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Arihant Capital Markets announces resignation of director
Jun 14,2017

Arihant Capital Markets announced that Shailesh Kumath, Independent Director has resigned from the board of the Company.

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Flexituff International announces resignation of director
Jun 14,2017

Flexituff International announced that Kevan John Upperdine (DIN: 01214264), Independent Director of the Company has tendered his resignation w.e.f. 13 June 2017 due to medical reasons.

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Lupin receives final approval for Oxycodone Hydrochloride Tablets
Jun 14,2017

Lupin has received final USFDA approval for Oxycodone Hydrochloride Tablets USP, 5 mg, 10 mg, 20 mg and 30 mg which is a generic version of Mallinckrodt Inc.s Roxicodone Tablets.

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Brahmaputra Infrastructure JV receives contract worth Rs 126.50 crore
Jun 14,2017

Brahmaputra Infrastructure announced that its JV (VKGA-Brahmaputra- Tribeni) has received a letter of reward for execution of the Construction of foundation and sub structure over pile foundation for Tall Bridge no. 89 (3*103.50M steel girder) at Ch: 30400 and bridge no.196 (2*78.80m +2*103.50m Steel Grider) at CH: 48865 m including all other ancillary works and protection works in between stations Bairabi and Sairang in connection with the Construction of new BG Railway line from Bairabi to sairang (Mizoram) for the Contract price of Rs. 126.50 crore (Approx) from the Office of Chief Engineer / Construction -II North East Frontier Railway, Maligaon, Guwahati -11 .

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Corporation Bank revised MCLR rates
Jun 14,2017

Corporation Bank has revised Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 15 June 2017 as under -

Overnight - 8.15%
One month - 8.15%
Three month - 8.25%
Six month - 8.65%
One year - 8.75%

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Arambhan Hospitality Services secures contract worth Rs 1.44 crore
Jun 14,2017

Arambhan Hospitality Services has been successful in renewing the contract from Greatship (India) for Catering & House-Keeping services at its Offshore Rig GREATDRILL CHAAYA. The said contract is renewed till 31 March 2018. The total annual value of the Contract is approximately Rs 1.44 crore.

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Tata Consultancy Services recognised as Strong Performer in eProcurement Products
Jun 14,2017

Tata Consultancy Services announced that it has been recognised as a Strong Performer in eProcurement Products by Forrester Research Inc., in their report The Forrester Wave: eProcurement, Q2 2017..

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