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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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NMDC gains as CCEA to consider disinvestment of its steel plant
Dec 05,2016

The announcement was made after market hours on Friday, 2 December 2016.

Meanwhile, the BSE Sensex was up 12.55 points, or 0.05%, to 26,243.21.

On the BSE, 59,063 shares were traded so far in the counter, compared with average daily volume of 5.67 lakh shares in the past one quarter. The stock had hit a high of Rs 120 and a low of Rs 118.35 so far during the day.

NMDC announced that Government of India, Ministry of Steel has communicated the in-principle decision of the Cabinet Committee on Economic Affairs (CCEA) of Government of India to consider strategic disinvestment of the Nagarnar Steel Plant of the company.

Separately, NMDC announced on Saturday, 3 December 2016, that the prices of lump iron ore with effect from 29 November 2016, was kept unchanged at Rs 2,100 per wet metric tonne (WMT) compared to prices last revised in early November. The company rose fine ore prices by 5.68% to Rs 1,860 per WMT from 29 November 2016, compared to prices last revised in early November.

NMDC is Indias largest public sector iron ore producer. As per the shareholding pattern, Government of India (GoI) holds 74.94% stake in NMDC as on 14 October 2016.

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Soma Textiles & Industries provides operations update
Dec 05,2016

Soma Textiles & Industries announced that after demonetization, order flow has slow down, the Company has therefore decided to work four days a week instead of six days a week in the month of December, 2016 to cope up with the temporary situation and on improvement in orders company will resort to normal working.

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Surya Roshni gets ratings assigned for CP programme
Dec 05,2016

Surya Roshni announced that Considering the overwhelming response for the Commercial Paper Programmes of Rs. 200 crore and the present liquidity conditions, company had requested the ICRA Credit Rating Agency for enhancing the limit of Commercial Paper Programme to Rs. 300 crores from Rs. 200 crores.

Further informed that ICRA Credit Rating vide its letter dated 01 December 2016 has assigned a provisional (ICRA)A1+(SO) rating for the enhanced amount of Rs. 300 crore (enhanced from Rs. 200 crore).

The aforesaid rating has been assigned based on request of the Company, improved financial risk profile characterized by the improvement in its capital structure and debt coverage and supported by performance of the Company. The rating as proposed by ICRA brings liquidity, gradually reduces the finance cost and enhance financial strength of the Company.

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Board of Tantia Constructions appoints director
Dec 05,2016

Tantia Constructions announced that the Board of Directors of the company has approved the appointment of Mohammad Sarim Arshad as an Additional Director (Independent, Non-Executive) w.e.f. 03 December 2016 on the Board of Directors of the Company by passing a resolution by circulation on 03 December 2016.

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Board of Maris Spinners approves change in directorate
Dec 05,2016

Maris Spinners announced about the change in Board of Directors of the Company at the Board of Directors meeting of the Company held on 31 October 2016 :

a. Resignation of M Rengaswamy, Director, has been considered with effect from 01 November 2016 2016.

b. A Hari Govind has been appointed as a Director with effect from 01 November 2016.

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Info Edge (India) makes additional investment in Vcare Technologies
Dec 05,2016

Info Edge (India) announced that the Company has, through its Wholly-owned subsidiary, invested an additional amount of Rs.1 crore through optionally convertible cumulative redeemable preference shares in Vcare Technologies which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.

Accordingly, the aggregate investment by the Company, including the above, is now Rs.4 crore in Vcare Technologies which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis.

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Shri Aster Silicates appoints director
Dec 05,2016

Shri Aster Silicates announced that Lekha Manibhai Buch has been appointed as an Additional director of the Company w.e.f. 03 December 2016.

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Wipro and Asahi Beverages jointly win ANZ Paragon award for Best BPO Sourcing partnership of 2016
Dec 05,2016

Wipro and Asahi Beverages, the Australian New Zealand business of Japanese beverage giant, have been jointly recognised for the Best BPO Sourcing partnership of 2016 by ANZ Paragon Awards, presented by Information Services Group, a leading technology insights, market intelligence and advisory services company.

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State Bank of Travancore may gain on plans to raise funds
Dec 05,2016

State Bank of Travancore announced that the executive committee of the board of directors of the bank is scheduled to meet on 7 December 2016, to consider and approve, the raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier I bonds. The issue parameters will be as decided in the meeting of the executive committee of the board of directors. The announcement was made after market hours on Friday, 2 December 2016.

NMDC announced that Government of India, Ministry of Steel has communicated the in-principle decision of the Cabinet Committee on Economic Affairs (CCEA) of Government of India to consider strategic disinvestment of the Nagarnar Steel Plant of the company. The announcement was made after market hours on Friday, 2 December 2016.

Separately, company announced on Saturday, 3 December 2016, that the prices of lump iron ore with effect from 29 November 2016 was kept unchanged at Rs 2,100 per wet metric tonne (WMT) compared to prices last revised in early November. The company rose fine ore prices by 5.68% to Rs 1,860 per WMT from 29 November 2016, compared to prices last revised in early November.

Simplex Infrastructures net profit fell 30.76% to Rs 18 crore on 11.88% drop in revenue to Rs 1290 crore in Q2 September 2016 over Q2 September 2015. The order book as on 30 September 2016 stood at Rs 13485 crore excluding the L1 of Rs 2543 crore. The result was announced on Sunday, 4 December 2016.

Info Edge (India) announced that the company has, through its wholly-owned subsidiary, invested an additional amount of Rs 1 crore through optionally convertible cumulative redeemable preference shares in Vcare Technologies which has developed a mobile application named DIRO that works as a cross platform sharable collaborative phonebook.

Accordingly, the aggregate investment by the company, including the above, is now Rs 4 crore in Vcare Technologies which translates to about 14.77% stake as on date (may change on account of conditions in investment/shareholder agreement) in the company on a fully converted and diluted basis. The announcement was made on Saturday, 3 December 2016.

Supreme Infrastructure India reported net loss of Rs 43.39 crore in Q2 September 2016 compared to net profit of Rs 1.11 crore in Q2 September 2015. Net total income from operations fell 41.84% to Rs 194.04 crore in Q2 September 2016 over Q2 September 2015. The announcement was made on Saturday, 3 December 2016.

Kolte-Patil Developers consolidated net profit rose 54% to Rs 19.30 crore on 25% rise in revenue to Rs 226 crore in Q2 September 2016 over Q2 September 2015. The announcement was made on Saturday, 3 December 2016.

Surya Roshni announced that considering the overwhelming response for the commercial paper programmes of Rs 200 crore and the present liquidity conditions, company had requested the ICRA Credit Rating Agency for enhancing the limit of Commercial Paper Programme to Rs 300 crore from Rs 200 crore.

ICRA Credit Rating vide its letter dated 1 December 2016 has assigned a provisional (ICRA)A1+(SO) rating for the enhanced amount of Rs 300 crore (enhanced from Rs. 200 crore).

The rating has been assigned based on request of the company, improved financial risk profile characterized by the improvement in its capital structure and debt coverage and supported by performance of the company. The rating as proposed by ICRA brings liquidity, gradually reduces the finance cost and enhance financial strength of the company. The announcement was made on Saturday, 3 December 2016.

Bajaj Finance announced allotment of 1,050 unsecured subordinated, Tier II, redeemable non-convertible debentures on private placement basis aggregating Rs 105 crore on 2 December 2016. The announcement was made on Saturday, 3 December 2016.

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Orbit Corporation intimates of withdrawal of resignation of company secretary
Dec 03,2016

Orbit Corporation announced that Ronak V. Kalathiya has withdrawn his resignation and has resumed the office as the Company Secretary & Compliance Officer of the Company w.e.f. 21 November 2016.

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Orbit Corporation intimates of withdrawal of resignation of company secretary
Dec 03,2016

Orbit Corporation announced that Ronak V. Kalathiya has withdrawn his resignation and has resumed the office as the Company Secretary & Compliance Officer of the Company w.e.f. 21 November 2016.

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A2Z Infra Engineering secures contract worth Rs 35.25 cr
Dec 03,2016

A2Z Infra Engineering announced that a contract has been awarded from Chhattisgarh State Power Transmission Company (a government of Chhattisgarh Undertaking) vide the letter of award dated December 02, 2016 for Construction of 132 KV S/S Pakhanjur and associates EHV line on turnkey basis TR-16/05.

The aggregate value of the said Contract is Rs 35,25,84,216.00/- (Rs Thirty Five crore twenty five lakh eighty four thousand two hundred Sixteen only).

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A2Z Infra Engineering secures contract worth Rs 35.25 cr
Dec 03,2016

A2Z Infra Engineering announced that a contract has been awarded from Chhattisgarh State Power Transmission Company (a government of Chhattisgarh Undertaking) vide the letter of award dated December 02, 2016 for Construction of 132 KV S/S Pakhanjur and associates EHV line on turnkey basis TR-16/05.

The aggregate value of the said Contract is Rs 35,25,84,216.00/- (Rs Thirty Five crore twenty five lakh eighty four thousand two hundred Sixteen only).

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Board of AstraZeneca Pharma India approves change in directorate
Dec 03,2016

AstraZeneca Pharma India announced that the Board of Directors of the Company at its meeting held on 02 December 2016 has approved the following change in directorate -

Accepted the resignation of D E Udwadia as Director of the Company with effect from 02 December 2016.

Accepted resignation of K S Shah as Director of the Company with effect from 02 December 2016.

Accepted resignation of Claire-Marie OGrady as Director of the Company with effect from 02 December 2016.

Revathy Ashok and Greg Mueller have been co-opted as Additional Directors on the Board of the Directors with immediate effect.

Rajesh Marwah, CFO of the Company has been inducted into the board as Additional and Whole Time Director.

Narayan K Sheshadri has been elected as Chairman of Board.

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Board of AstraZeneca Pharma India approves change in directorate
Dec 03,2016

AstraZeneca Pharma India announced that the Board of Directors of the Company at its meeting held on 02 December 2016 has approved the following change in directorate -

Accepted the resignation of D E Udwadia as Director of the Company with effect from 02 December 2016.

Accepted resignation of K S Shah as Director of the Company with effect from 02 December 2016.

Accepted resignation of Claire-Marie OGrady as Director of the Company with effect from 02 December 2016.

Revathy Ashok and Greg Mueller have been co-opted as Additional Directors on the Board of the Directors with immediate effect.

Rajesh Marwah, CFO of the Company has been inducted into the board as Additional and Whole Time Director.

Narayan K Sheshadri has been elected as Chairman of Board.

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