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TCS will be watched after collaboration with GE
Aug 31,2016

TCS announced that it has developed an innovative digital solution to connect Intelligent LEDs, to GEs Predix operating system for the industrial Internet through Intel Atom-based gateways, providing critical analytics to save significant time and costs in the manufacturing process. The announcement was made after market hours yesterday, 30 August 2016.

RBL Bank debuts on the secondary equity market today, 31 August 2016. The bank had priced the initial public offer (IPO) at the top end of the Rs 224 to Rs 225 per share price band for the IPO. The initial public offer (IPO) of private sector bank RBL Bank, erstwhile Ratnakar Bank, ended with overwhelming response on 23 August 2016. The IPO received bids for 263.87 crore shares. The IPO was subscribed 69.62 times.

Housing Development Finance Corporation (HDFC) said it is aiming to raise Rs 500 crore by issuing Rupee denominated bonds to overseas investors. The issue will open today, 31 August 2016 and will close tomorrow, 1 September 2016. The bonds will be listed on the London Stock Exchange (LSE). The announcement was made after market hours yesterday, 30 August 2016.

UltraTech Cement will be watched. The Reserve Bank of India (RBI) notified yesterday, 30 August 2016, that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30% of the paid up capital of Ultra Tech Cement under the Portfolio Investment Scheme (PIS). The purchases could be made through primary market and stock exchanges. RBI stated that the company has passed resolutions at its Board of Directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

Cox & Kings consolidated net profit fell 23.67% to Rs 108.07 crore on 3.46% decline in total income to Rs 2076.56 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 30 August 2016.

Indraprastha Medical Corporations net profit rose 18.86% to Rs 8.38 crore on 3.42% growth in net total income from operations to Rs 194.01 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 30 August 2016.

Maruti Suzuki India turns ex-dividend today, 31 August 2016, for final dividend of Rs 35 per share for the year ended 31 March 2016.

ONGC turns ex-dividend today, 31 August 2016, for final dividend of Rs 3.25 per share for the year ended 31 March 2016.

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Wipro in spotlight after collaboration with Stibo for enterprise data management offering
Aug 30,2016

Wipro after market hours yesterday, 29 August 2016, announced a partnership with Stibo Systems, a global leader in multi-domain Master Data Management (MDM) solutions. As part of the partnership, the two companies will collaborate to offer MDM solutions. This partnership is aimed at building trust-worthy data foundations to help joint customers derive accurate insights as they embrace digital transformation, Wipro and Stibo Systems said in a joint press release.

Coal India after market hours yesterday, 29 August 2016, announced that it has fixed 9 September 2016 as the record date for the purpose of buyback of equity shares. The companys board on 11 July 2016, approved buyback of shares at a price of Rs 335 per share for an aggregate consideration not exceeding Rs 3650 crore through the tender offer route. The companys promoters would participate in the buyback.

Zee Entertainment Enterprises (Zee) in its clarification with regard to news item titled Sony likely to buy Ten Sports from Zee Entertainment for about Rs 2000 crore said that the company is at an advanced stage of discussion for sale of the sports business with potential buyers. However, owing to confidentiality provisions, the company is unable to comment on specific details or timelines, Zee said. Appropriate disclosures will be made as and when any reporting event arises, the company added. The company issued the clarification after market hours yesterday, 29 August 2016.

Mahindra & Mahindra (M&M) after market hours yesterday, 29 August 2016, announced the incorporation of a subsidiary company viz. Bristlecone Middle East DMCC, for providing business consulting, software implementation and related support services.

eClerx Services board of directors at its meeting held yesterday, 29 August 2016, approved a proposal for buyback of equity shares of the company for an aggregate amount not exceeding Rs 234 crore at a price not exceeding Rs 2,200 per share. At maximum buyback price, the buyback translates into approximately 10.68 lakh equity shares of the company, representing about 2.62% of the total paid up equity share capital of the company as on 31 March 2016. The promoters and promoter group of the company intend to participate in the proposed buyback. The announcement was made after market hours yesterday, 29 August 2016.

Oracle Financial Services Software turns ex-dividend today, 30 August 2016, for dividend of Rs 100 per share for the year ended 31 March 2016.

Chennai Petroleum Corporation turns ex-dividend today, 30 August 2016, for dividend of Rs 4 per share for the year ended 31 March 2016.

HSIL turns ex-dividend today, 30 August 2016, for dividend of Rs 4 per share for the year ended 31 March 2016.

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GMR Infra in focus after winning contract for Goas greenfield airport project
Aug 29,2016

GMR Infrastructure said that its subsidiary, GMR Airports (GAL), has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build Operate Transfer) model. GMR won the bid through a closely contested competitive bid process with Airports Authority emerging as the second highest bidder followed by the consortium of Essel InfraIncheon emerging third. The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter. The regulatory regime for the concession will be hybrid till with 30% cross subsidy. The concession offers 232 acres of land for commercial city side development for a period of 60 years. The announcement was made after trading hours on Friday, 26 August 2016.

Indian Oil Corporation (IOC) will consider bonus issue of shares and its Q1 June 2016 results today, 29 August 2016.

Bharat Forge said it acquired 64,000 shares of its wholly-owned step down UK subsidiary - Bharat Forge International (BFIL), from Bharat Forge Global Holding GMBH, for $4,544,000 (around Rs 30 crore). This was part of restructuring of overseas subsidiaries, the company said.

Net profit of Procter & Gamble Hygiene and Health Care rose 2.16% to Rs 109.40 crore on 0.71% increase in total income to Rs 580.45 crore in Q4 June 2016 over Q4 June 2015. The result was announced after trading hours on Friday, 26 August 2016.

Castrol India will be watched. We reference to a news report captioned, n++Castrol to sell $261 million shares via block Traden++, the company clarified after trading hours on Friday, 26 August 2016, that it was not aware of any stake sale in the company by Castrol, a unit of oil major BP Plc, and said recent news reports that such a transaction would take place were based on market speculation.

Indusind Bank said it opened its first branch in Pathankot, Punjab. With this, the bank now has 81 branches in Punjab. The announcement was made after trading hours on Friday, 26 August 2016.

Bharat Financial Inclusion said it issued commercial papers of an aggregate amount of Rs 25 crore on 26 August 2016, which have been rated A1 + by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate amount of commercial paper outstanding as on date is Rs 300 crore. The announcement was made after trading hours on Friday, 26 August 2016.

Claris Lifesciences has received approval from the US health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the US market. The announcement was made on Saturday, 27 August 2016.

In a separate announcement after market hours on Friday, 26 August 2016, Claris Lifesciences updated that its wholly-owned subsidiary, Claris Injectables, (CIL) had undergone an US Food and Drug Administration (USFDA) inspection, classified as Prior Approval Inspection (PAI) from 16 August 2016 to 26 August 2016, on the Plant 1 (Clarion 1) of its manufacturing facility situated at Charcharvadi, Vasna. CIL has received five 483s during the inspection, it is confident to reply to these within 15 business days, with corrective and preventive actions to address the same. PAI inspections are part of a normal course of business to approve the under approval Abbreviated New Drug Application (ANDA), the company has 24 ANDAs under approval with a total addressable market size of the under approval products estimated to be around $2 billion.

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SBI, ICICI Bank in focus
Aug 26,2016

State Bank of India (SBI) and ICICI Bank will be in focus after the Reserve Bank of India (RBI) continued to classify these two banks as domestic systemically important banks (D-SIBs). The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from 1 April 2016 and would become fully effective from 1 April 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. On account of being classified as D-SIB, there is additional CET1 requirement of 0.6% of Risk Weighted Assets (RWAs) for SBI and 0.2% of RWAs for ICICI Bank.

Among corporate news, Tata Motors is scheduled to announce Q1 June 2016 results today, 26 August 2016.

National Aluminium Company (Nalco) will be in focus after the manager to the companys buyback offer made the public announcement for the buyback of equity shares. Nalco proposes to buyback upto 64.43 crore equity shares at Rs 44 per share on proportionate basis through the tender offer route. The buyback offer aggregates to Rs 2834.96 crore. The buyback offer size represents 22.15% of the aggregate of the fully paid-up share capital and free reserves, as per the audited accounts of the company for the financial year ended 31 March 2015. The buyback offer opens on 30 August 2016 and closes on 14 September 2016. The promoter of the company viz. the Government of India (GoI) intends to participate in the buyback offer. As on 30 June 2016, GoI held 80.93% stake in Nalco. The companys board of directors had approved buyback on 25 May 2016.

Biocon will be watched after a regulatory submission for proposed biosimilar Trastuzumab, developed jointly by Biocon and Mylan, was accepted for review by European Medicines Agency (EMA). The announcement was made after market hours yesterday, 25 August 2016.

EMA has accepted for review Mylans Marketing Authorization Application (MAA) for a proposed biosimilar Trastuzumab, which is used to treat certain HER2-positive breast and gastric cancers. Mylan and Biocon, which have co-developed this proposed biosimilar, anticipate that this may be the first MAA for a Trastuzumab biosimilar accepted by the EMA for review. This is the second biosimilar submission developed by the partnership that has been accepted for review in Europe. Last month, Mylans MAA for the proposed biosimilar Pegfilgrastim was accepted for review by EMA.

This filing includes analytical, functional and pre-clinical data, as well as results from the pharmacokinetics (PK) and confirmatory efficacy/safety global clinical trials for Trastuzumab. The PK study had demonstrated measured bioequivalence of Mylans and Biocons proposed Trastuzumab biosimilar relative to that of the reference drug. The second study, the HERITAGE Study, evaluated the efficacy, safety and immunogenicity of the proposed biosimilar Trastuzumab in comparison to branded Trastuzumab.

Worldwide, nearly 2 million women are diagnosed with breast cancer each year, making it the second most common cancer in the world. HER2-positive breast cancer is an aggressive form of breast cancer that tests positive for the human epidermal growth factor receptor 2 (HER2), which promotes cancer cell growth. Approximately 20% to 30% of primary breast cancers are HER2-positive. Trastuzumab is indicated for the treatment of certain HER2-positive early stage and metastatic breast cancer as well as HER2-positive metastatic gastric cancer.

TCS announced new software that enables retailers to leverage insightful data either from in-store sensors or other Internet of Things (IoT) devices to deepen relationships with customers through more personalized customer engagement strategies. The software helps established retailers compete more effectively for the loyalty of consumers. It is designed to counter the bombardment of consumers with random, irrelevant and untimely offers. Retailers are increasingly using IoT technologies to boost customer loyalty through customized marketing campaigns and to close sales - when, where and however the customer chooses. The new software enables retailers to build trusted consumer relationships over time by delivering valued, personalized experiences in the right context and driven by insights from a variety of real world and online data sources. The announcement was made after market hours yesterday, 25 August 2016.

J. Kumar Infraprojects said that J Kumar - CRTG joint venture (JV) won a contract worth Rs 5012 crore from Mumbai Metro Rail Corporation (MMRC) for Phase-3 of the city metro project work to begin by October 2016. The announcement was made after market hours yesterday, 25 August 2016.

MMRC had issued the LoA to J Kumar - CRTC JV for the 3rd phase of the Metro project and the project was assigned to the JV on the 5 July 2016.

The work order calls for design and construction of underground sections induding four underground stations at Dharavi, BKC, Vidhyanagari and Santacruz and associated tunnels worth approximately Rs 2858 crore. Further, the contract includes design and construction of underground sections including CSIA domestic airport, Sahar Road and CSIA International airport and associated bored tunnels worth approximately Rs 2153 crore.

The 33.5-kilometre long, Metro -3 corridor will stretch across 27 stations and will be built underground. The requisite preparatory work like conducting surveys and related investigations are in progress and the project work is likely to commence in October 2016.

Gammon Infrastructure Projects net profit fell 1.84% to Rs 5.88 crore on 15.94% rise in total income to Rs 85.66 crore in Q1 June 2016 over Q1 June 2015. The announcement was made after market hours yesterday, 25 August 2016.

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Bosch in focus after setting record date for proposed buyback of equity shares
Aug 25,2016

Bosch said it has fixed 6 September 2016 as the record date for the proposed buyback offer of the company. The announcement was made after market hours yesterday, 24 August 2016.

InterGlobe Aviation will be watched. With reference to news report stating that Tigerair will take back the 12 jets subleased to Indigo, InterGlobe Aviation clarified that Tiger Airways has not asked for any of the airplanes leased to the company to be returned before the end of the contracted lease terms. The expiry of the lease of the first of these airplanes is during the second half of the calendar year 2017. The announcement was made after market hours yesterday, 24 August 2016.

InterGlobe Aviation is the operator of low cost passenger airline IndiGo which is Indias largest airline with a market share of 38.10% in June 2016.

Britannia Industries will be watched. With respect to news report stating that ITC has moved court over Britannia copying Sunfeast biscuit packaging, Britannia Industries clarified that ITC has filed a suit against Britannia Industries at Delhi High Court alleging that Britannia is copying the color combination of ITCs Sun Feast Farmlite Digestive- All Good Biscuit Packs for its Nutri Choice Digestive Zero biscuit packs. The matter came up for hearing before Delhi High Court on 22 August 2016 and 24 August 2016. The next date of hearing is 31 August 2016. No injunction (stay) has been granted as of now. As the matter is sub-judice, the company cannot comment further on this matter, Britannia Industries said. The announcement was made after market hours yesterday, 24 August 2016.

IDBI Bank said that the bank proposes to issue an additional Tier 1 bonds amounting to Rs 1500 crore with deemed date of allotment on 30 August 2016. The announcement was made after market hours yesterday, 24 August 2016.

PNC Infratechs net profit jumped 145.59% to Rs 64 crore on 22.05% rise in total income to Rs 532.44 crore in Q1 June 2016 over Q1 June 2015. The announcement was made after market hours yesterday, 24 August 2016.

Century Plyboards (India) said that the company has disinvested its entire shareholding in its subsidiary Innovation Pacific Singapore Pte. (IPSPL). Consequently, both IPSPL and step-down subsidiary Vietnam Innovation Pacific JSC has ceased to be subsidiaries of the company with effect from 24 August 2016. The announcement was made after market hours yesterday, 24 August 2016.

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Aurobindo Pharma may gain after good Q1 result
Aug 24,2016

Aurobindo Pharmas consolidated net profit rose 23.81% to Rs 584.96 crore on 12.42% growth in total income to Rs 3741.79 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) margin expanded to 23.9% in Q1 June 2016 from 22% in Q1 June 2015. Formulations business rose 15.9% to Rs 3032 crore in Q1 June 2016 over Q1 June 2015. API business rose 1.6% growth to Rs 734.5 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 23 August 2016.

N. Govindarajan, Managing Director of the company said that with focus on execution and capability enhancements the company continues to progress on specialty generics for a sustained long term growth.

Shares of Idea Cellular will be in focus after the company termed reports which indicated that the company is exploring options for strategic deal with Vodafone for potential merger as absolutely untrue and preposterous. The clarification was made after market hours yesterday, 23 August 2016.

eClerx Services scheduled a board meeting on 29 August 2016, to consider a proposal of buyback of equity shares. The announcement was made after market hours yesterday, 23 August 2016.

Indo Count Industries said that its board approved 5-for-1 stock split. The announcement was made after market hours yesterday, 23 August 2016.

Manpasand Beverages said it has completed setting-up of its new manufacturing facility in Haryana. Located in Ambala, the new facility will contribute additional 45,000 to 50,000 cases per day to the companys existing capacity of 1.20 lakh-1.25 lakh cases per day. The total investment for this facility was around Rs 160 core and has been financed though the initial public offer (IPO) proceeds. In 2015, Manpasand had raised Rs 400 crore through an IPO and one of the primary objectives of this was setting-up a manufacturing facility at Ambala in Haryana. With the Ambala facility in near operational phase, Manpasand now has five manufacturing facilities located in various parts of India. It has two manufacturing facilities at Vadodara in Gujarat, one in Varanasi, UP, one in Dehradun and the new one at Ambala in Haryana. The company said it is also planning to set up a new plant in South India in future. The announcement was made after market hours yesterday, 23 August 2016.

Suzlon Energy announced that the securities issue committee of the board of directors of the company approved allotment of 38.95 lakh equity shares of Rs 2 each on conversion of 1,000, $546.916 step-up convertible bonds due in July 2019 of $1,000 each at a conversion price of Rs 15.46 per equity share. The allotment was pursuant to the conversion notice received from a bondholder. The announcement was made after market hours yesterday, 23 August 2016.

Trent said it has fixed 14 September 2016 as the record date for the proposed 10-for-1 stock split. The announcement was made after market hours yesterday, 23 August 2016.

The board of directors of 8K Miles Software Services will consider stock-split and issue of bonus shares.

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HPCL may gain after good Q1 result
Aug 23,2016

Hindustan Petroleum Corporation (HPCL)s net profit rose 30% to Rs 2098.38 crore on 5.67% decline in total income to Rs 51936.30 crore in Q1 June 2016 over Q1 June 2015. Average gross refining margin in Q1 June 2016 was $6.83 per barrel as against $8.56 per barrel in Q1 June 2015. The result was announced after market hours yesterday, 22 August 2016.

Based on the approval received from Government of India, HPCL accounted for budgetary support amounting to Rs 328.41 crore in Q1 June 2016 towards under recovery on sale of PDS kerosene (SKO), compared with Rs 450.61 crore in Q1 June 2015. State-run oil marketing companies bear under-recoveries on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.

In Q1 June 2016, discount from upstream oil company viz., ONGC amounted to Nil in respect of crude oil purchased from ONGC, compared with Rs 218.25 crore accounted in Q1 June 2015.

GAIL (India) and Silicon Valley-based Bloom Energy signed a memorandum of understanding (MoU) to deploy revolutionary natural gas-based fuel cell technology to generate electricity. The announcement was made after market hours yesterday, 22 August 2016.

The solid oxide fuel cell (SOFC) technology of Bloom Energy Servers convert fuel into electricity using natural gas as the base fuel to generate reliable and resilient electricity in a highly efficient non-combustible process that reduces emissions of greenhouse gas and harmful air pollutants, with minimal use of water vis-n++-vis the conventional power producing technologies. The Bloom Energy Servers could be installed onsite at any operating premises or building and can be plugged into natural gas pipeline to generate uninterrupted, efficient, noise-less base load power round-the-clock.

GAILs subsidiary at Bengaluru is already supplying natural gas for energizing a multi-MW Bloom Energy project for a large global technology company at the Technology Park in Bangalore.

The unique tie-up seeks to leverage the strengths of both the organizations. Whilst GAIL brings a portfolio of natural gas to ensure reliable and competitively available Natural Gas for Bloom Energy projects along its integrated gas supply networks, Bloom Energys power systems run on advanced solid oxide fuel cell technology that are not just acknowledged as the most efficient producers of electricity based on Natural Gas but also combines the advantage of requiring a tenth of the space required for generating equivalent power through other modes. The MoU provides an alignment of a shared vision between GAIL and Bloom Energy and opens up an opportunity for Indian consumers to experience bundled and reliable service by the two leading brands for expanding the distributed power generation systems in India.

Aurobindo Pharma and Tata Power Company are scheduled to announce Q1 June 2016 earnings today, 23 August 2016.

Shriram Transport Finance Company announced that the allotment committee - non-convertible debentures (NCDs) allotted 250 secured redeemable NCDs of face value of Rs 10 lakh each, aggregating to Rs 25 crore on private placement basis. The zero coupon NCDs mature 1065 from the date of allotment. The announcement was made after market hours yesterday, 22 August 2016.

MEP Infrastructure Developers said that the company has received the Letter of Acceptance (LOA) dated 22 August 2016 from National Highways Authority of India (NHAI) informing that the company has been engaged as the contractor for the project of collection of user fee through fee collection agency on the basis of competitive bidding through (e-tender) for Ghangari of National Highway No. 2 in Jharkhand.

Indo Count Industries said that a meeting of the board of directors of the company is scheduled to be held today 23 August 2016, to consider sub-division of equity shares. The announcement was made after market hours yesterday, 22 August 2016.

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Sun TV Network in focus after declaring Q1 result
Aug 22,2016

Sun TV Networks net profit rose 19.02% to Rs 233.06 crore on 9.89% growth in total income to Rs 782.38 crore in Q1 June 2016 over Q1 June 2015. Sun TV Networks earnings before interest, taxation, depreciation and amortization (EBITDA) rose 7.25% to Rs 436.43 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 19 August 2016.

State Bank of India (SBI) said that the committee of directors will meet on 24 August 2016, to consider and examine the status and decide on long term AT1 fund raising in single/multiple tranches in domestic/foreign currency through a public offer and/or private placement during the financial year ending 31 March 2017. The announcement was made on Saturday, 20 August 2016.

NBCC (India) said that Archaeological Survey of India (ASI), Government of India has executed Memorandum of Understanding (MOU) with the company on 19 August 2016 for assigning work for construction of Institute of Archaeology and UNESCO Category-II Centre at Sector Knowledge Park-II, Greater Noida amounting to about Rs 120 crore. The announcement was made on Saturday, 20 August 2016.

Among key earnings, NTPC and HPCL are scheduled to announce Q1 June 2016 results today, 22 August 2016.

IL&FS Engineering and Construction Company and Unitech Power Transmission joint venture has received a Letter of Award (LoA) from Power Grid Corporation of India (PGCIL) for supply contract for tower package for 765 kilovolt D/C Bhujn++ Banaskanta Transmission Line associated with Green Energy Corridors: Inter-State Transmission Scheme (ISTS) - Part C, along with contract for construction works of this line in the state of Gujarat. The total value of this contract is Rs 136.26 crore, and the project completion period is 23 months from the date of issue of the LOA. IL&FS Engineering Services is the lead partner for this contract. This contract has been won under ICB bidding process, and project is funded under KWU loan. The announcement was made on Saturday, 20 August 2016.

TVS Srichakras net profit fell 6% to Rs 46.51 crore on 8.4% growth in net sales to Rs 507.99 crore in Q1 June 2016 over Q1 June 2015. The announcement was made on Saturday, 20 August 2016.

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SBI may gain after announcing merger of 5 associate banks with itself
Aug 19,2016

State Bank of India (SBI) and its associate banks will be in focus after SBI after trading hours yesterday, 18 August 2016, announced the merger of 5 associate banks viz. State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad and State Bank of Patiala with itself. SBI also announced the merger of unlisted Bharatiya Mahila Bank (BMBL) with itself. As per the swap ratio for the merger, 28 equity shares of SBI will be issued for every 10 shares held in SBBJ. For both SBM and SBT, the swap ratio for merger is 22 shares of SBI for every 10 shares held in SBM and SBT. SBI had announced in May 2016 that it was considering the merger of 5 associate banks and BMBL with itself.

Wipro said that the company has made minority strategic investment to acquire a minority stake of less than 20% in Intsights Cyber Intelligence for $1.5 million. Intsights offers threat intelligence driven security platform. The announcement was made after market hours yesterday, 18 August 2016.

Indiabulls Housing Finance announced before market hours today, 19 August 2016 that the company proposes to issue upto 7,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to upto Rs 700 crore plus greenshoe option, if any, on private placement basis, pursuant to special resolution passed by the shareholders of the company at the 10th Annual General Meeting held on 7 September 2015. The issue will open and close on the same day on 23rd August 2016 NCDs have tenor of 5 years and carry a coupon in the range of 8.55% to 8.80% per annum payable annually and on maturity.

PC Jeweller announced after market hours yesterday, 18 August 2016 that the company is opening its new showroom on Sunday, 21 August 2016, at Najafgarh (Delhi). After this the company will have total 65 showrooms located across 52 cities in India.

UltraTech Cement announced after market hours yesterday, 18 August 2016 a proposal to issue secured redeemable non-convertible debentures amounting Rs 500 crore on private placement basis. NCDs have tenure of 10 years and carry coupon of 7.53% per annum. .

Shipping Corporation of Indias net profit dropped 72.56% to Rs 55.91 crore on 21.66% decline in total income to Rs 875.94 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 18 August 2016.

NHPC announced after market hours yesterday, 18 August 2016, the commencement of commercial operation of a 40 megawatts unit of Teesta Low Dam H.E. Project, Stage IV (TLDP-IV) in West Bengal. The entire power generated from TLDP-IV has been allocated to West Bengal state and the same shall be supplied through West Bengal State Electricity Distribution Company (WBSEDCL), NHPC said.

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Hindalco in focus as Novelis completes pricing of $1.15 billion bonds issue
Aug 18,2016

Hindalco Industries (Hindalco) announced that its wholly owned US subsidiary Novelis Inc has completed refinancing of its $1.15 billion senior notes due 2024. The notes were priced at par value and will bear an interest rate of 6.25% per annum. Novelis intends to use the net proceeds of the offering to retire its outstanding 8.375% senior notes due 2017. The announcement was made after market hours yesterday, 17 August 2016.

Mahindra & Mahindra (M&M) after market hours yesterday, 17 August 2016, announced incorporation of a subsidiary company in Mexico viz. Mahindra Mexico S. de. R.L. It was incorporated as a 99% subsidiary of Mahindra USA Inc, which in turn is a 100% subsidiary of M&M. Mahindra Mexico S. de. R.L. was incorporated to promote Mahindra Brand in Mexico and expand its reach into Mexico to promote higher HP tractors.

Dewan Housing Finance Corporation (DHFCL) announced that it proposes to issue unsecured subordinated perpetual non-convertible debentures amounting to Rs 200 crore alongwith a Greenshoe option upto Rs 275 crore. The company also proposes to issue secured redeemable non-convertible debentures amounting to Rs 140 crore alongwith a Greenshoe option of upto Rs 10 crore on private placement basis. The announcement was made after market hours yesterday, 17 August 2016.

Indiabulls Housing Finance announced that it proposes to issue upto 16,000 secured non-convertible redeemable debentures aggregating to upto Rs 1600 crore plus Greenshoe option on private placement basis. The announcement was made after market hours yesterday, 17 August 2016.

Dalmia Bharats consolidated net profit jumped 77.85% to Rs 93.96 crore on 10.44% growth in total income from operations to Rs 1777.47 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 17 August 2016.

Shares of L&T turn ex-dividend today, 18 August 2016 for dividend of Rs 18.25 per share for the year ended 31 March 2016.

Shares of Bharat Electronics turn ex-dividend today, 18 August 2016 for final dividend of Rs 14.50 per share for the year ended 31 March 2016.

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Hindalco in focus as Novelis announces pricing of $1.15 billion bonds issue
Aug 18,2016

Hindalco Industries (Hindalco) announced that its wholly owned US subsidiary Novelis Inc has completed refinancing of its $1.15 billion senior notes due 2024. The notes were priced at par value and will bear an interest rate of 6.25% per annum. Novelis intends to use the net proceeds of the offering to retire its outstanding 8.375% senior notes due 2017. The announcement was made after market hours yesterday, 17 August 2016.

Mahindra & Mahindra (M&M) after market hours yesterday, 17 August 2016, announced incorporation of a subsidiary company in Mexico viz. Mahindra Mexico S. de. R.L. It was incorporated as a 99% subsidiary of Mahindra USA Inc, which in turn is a 100% subsidiary of M&M. Mahindra Mexico S. de. R.L. was incorporated to promote Mahindra Brand in Mexico and expand its reach into Mexico to promote higher HP tractors.

Dewan Housing Finance Corporation (DHFCL) announced that it proposes to issue unsecured subordinated perpetual non-convertible debentures amounting to Rs 200 crore alongwith a Greenshoe option upto Rs 275 crore. The company also proposes to issue secured redeemable non-convertible debentures amounting to Rs 140 crore alongwith a Greenshoe option of upto Rs 10 crore on private placement basis. The announcement was made after market hours yesterday, 17 August 2016.

Indiabulls Housing Finance announced that it proposes to issue upto 16,000 secured non-convertible redeemable debentures aggregating to upto Rs 1600 crore plus Greenshoe option on private placement basis. The announcement was made after market hours yesterday, 17 August 2016.

Dalmia Bharats consolidated net profit jumped 77.85% to Rs 93.96 crore on 10.44% growth in total income from operations to Rs 1777.47 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 17 August 2016.

Shares of L&T turn ex-dividend today, 18 August 2016 for dividend of Rs 18.25 per share for the year ended 31 March 2016.

Shares of Bharat Electronics turn ex-dividend today, 18 August 2016 for final dividend of Rs 14.50 per share for the year ended 31 March 2016.

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Tata Power may gain after completing sale of 50% stake in OTP Geothermal Pte
Aug 17,2016

Tata Power Company said that its subsidiary has completed sale of its 50% stake in OTP Geothermal Pte. Tata Power International Pte. (TPIPL), a wholly-owned subsidiary of Tata Power Company in Singapore had signed an agreement for the sale of its 50% stake in OTP Geothermal Pte. (OTP) to KS Orka Renewables Pte. in April 2016. OTP, a 50:50 joint venture with Origin Energy, holds a 95% interest in Indonesias PT Sorik Marapi Geothermal Power (SMGP). The announcement was made after market hours yesterday, 16 August 2016.

Wipro announced after market hours yesterday, 16 August 2016, that it has successfully launched its Managed File Transfer as a Service (MFTaaS) platform on Microsoft Azure. The Software as a Service (SaaS) platform will help enterprises in seamless digital integration and cost-effective collaboration with their clients, partners and employees. The Wipro MFTaaS platform has been published on Azure Marketplace. The platform enables customers widen their reach to new markets by seamlessly integrating with their partner ecosystem. It makes use of Microsofts cognitive capabilities and collaboration workflows to increase productivity and eliminate wastages in business processes.

Piramal Enterprises (PEL) announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based Contract Development and Manufacturing Organisation (CDMO), in an all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain EBITDA targets, payable over the next six months. This potential transaction is expected to be completed by end of August, PEL said. This acquisition adds niche potent molecule manufacturing capabilities to the portfolio of services offered by PELs pharma solutions business, the company said. Ash Stevens had revenue of about $18.3 million in FY15 (twelve months ended 30 September 2015), it added.

Greenply Industries said that the qualified institutional placement (QIP) committee of the board of directors of the company at its meeting held on 16 August 2016, approved the issue and allotment of 19.45 lakh shares to qualified institutional buyers at the issue price of Rs 257 per share, aggregating to Rs 49.99 crore. The announcement was made after market hours yesterday, 16 August 2016.

MEP Infrastructure Developers said that a meeting of board of directors of the company will be held on 24 August 2016, to consider fund raising options as maybe deliberated and decided by the board of directors of the company. The announcement was made after market hours yesterday, 16 August 2016.

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Tata Power may gain after subsidiary completes sale of 50% stake in OTP Geothermal
Aug 17,2016

Tata Power Company said that its subsidiary has completed sale of its 50% stake in OTP Geothermal Pte. Tata Power International Pte. (TPIPL), a wholly-owned subsidiary of Tata Power Company in Singapore had signed an agreement for the sale of its 50% stake in OTP Geothermal Pte. (OTP) to KS Orka Renewables Pte. in April 2016. OTP, a 50:50 joint venture with Origin Energy, holds a 95% interest in Indonesias PT Sorik Marapi Geothermal Power (SMGP). The announcement was made after market hours yesterday, 16 August 2016.

Wipro announced after market hours yesterday, 16 August 2016, that it has successfully launched its Managed File Transfer as a Service (MFTaaS) platform on Microsoft Azure. The Software as a Service (SaaS) platform will help enterprises in seamless digital integration and cost-effective collaboration with their clients, partners and employees. The Wipro MFTaaS platform has been published on Azure Marketplace. The platform enables customers widen their reach to new markets by seamlessly integrating with their partner ecosystem. It makes use of Microsofts cognitive capabilities and collaboration workflows to increase productivity and eliminate wastages in business processes.

Hero MotoCorp said before market hours today, 17 August 2016 that Sunil Kant Munjals tenure as Joint Managing Director of the company ended on 16 August 2016. He has also resigned from the board of directors of the company with effect from the same date.In addition, the company said it has received a communication from the individual promoters of the company stating that pursuant to the aforesaid realignment, Sunil Kant Munjal will henceforth, not be classified as a promoter of the company. However, Sunil Kant Munjal will continue to hold 32,500 equity shares of the company representing 0.02% of the issued and paid up share capital of the company in his individual capacity. In July this year company had informed regarding realignment of business interests amongst the promoters of the company.

Just Dials net profit rose 7.98% to Rs 38.93 crore on 14.06% rise in total income to Rs 204.95 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 16 August 2016.

Just Dial also said that the board of directors of the company at a meeting held on 16 August 2016 approved a draft scheme of arrangement between Just Dial and Just Dial Global Private Limited (JDGPL) for demerger of Data and Information Undertaking (demerged undertaking) of JDGPL into the company, subject to requisite approvals.

Piramal Enterprises (PEL) announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based Contract Development and Manufacturing Organisation (CDMO), in an all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain EBITDA targets, payable over the next six months. This potential transaction is expected to be completed by end of August, PEL said. This acquisition adds niche potent molecule manufacturing capabilities to the portfolio of services offered by PELs pharma solutions business, the company said. Ash Stevens had revenue of about $18.3 million in FY15 (twelve months ended 30 September 2015), it added.

Greenply Industries said that the qualified institutional placement (QIP) committee of the board of directors of the company at its meeting held on 16 August 2016, approved the issue and allotment of 19.45 lakh shares to qualified institutional buyers at the issue price of Rs 257 per share, aggregating to Rs 49.99 crore. The announcement was made after market hours yesterday, 16 August 2016.

MEP Infrastructure Developers said that a meeting of board of directors of the company will be held on 24 August 2016, to consider fund raising options as maybe deliberated and decided by the board of directors of the company. The announcement was made after market hours yesterday, 16 August 2016.

Shriram Transport Finance Company announced after market hours yesterday, 16 August 2016 that the Allotment Committee - Non-Convertible Debentures (NCDs) of the company in a meeting held on 16 August 2016 approved and allotted 250 secured redeemable NCDs of face value of Rs 10 lakh each, aggregating to Rs 25 crore on private placement basis.

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Cipla may decline on weak Q1 results
Aug 16,2016

Cipla reported 43.74% fall in consolidated net profit to Rs 365.24 crore on 6.94% fall in total income to Rs 3618.92 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 12 August 2016. Earnings before interest, taxation, depreciation and amortization (EBITDA) fell 42% to Rs 611 crore in Q1 June 2016 over Q1 June 2015.

Cipla said that the growth momentum in key markets - India, South Africa and the US with focused cost containment measures has resulted in enhanced profitability in the base business. The recent acquisitions of InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. are EBITDA margin-accretive at a consolidated level with the integration plans progressing smoothly. The company is preparing itself for the future with focused investments in R&D as well as portfolio build-up through strategic inorganic moves. The quarter also saw an improvement in cash flows on account of operational efficiencies, Cipla said.

PowerGrid Corporation of India will announce its Q1 results today, 16 August 2016.

Mahindra & Mahindra (M&M) announced after market hours on Friday, 12 August 2016 that the proactive inspection of the rear driveshaft on all Rexton vehicles, manufactured on or before September 2014. The inspection and subsequent rectification will be carried out free of cost for all Rexton customers, who will be individually contacted by the company. Rexton is a auto brand of companys group company, SsangYong Motors of South Korea.

Shares of automobiles and public sector oil marketing companies (PSU OMCs) will be watched as prices of petrol and diesel were reduced with effect from midnight of 15 August 2016. Petrol prices were reduced by Re 1 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Petrol in Delhi reduced to Rs 60.09 a litre. Diesel prices were decreased by Rs 2 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Diesel in Delhi reduced to Rs 50.27 a litre.

Infosys will be watched. The company announced on Saturday, 13 August 2016, that The Royal Bank of Scotland will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business. Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months. RBS is a key relationship for Infosys and the company said it looks forward to further strengthening its strategic partnership and working with them across other strategic and transformation programs.

Indiabulls Housing Finance announced before market hours today, 16 August 2016 that the board of directors of the company will consider the proposition of raising the funds by way of a secured and/or unsecured debt issue at its meeting scheduled to be held on 19 August 2016.

Videocon Industries reported net loss of Rs 286.64 crore in Q2 June 2016 compared with net profit of Rs 10.59 crore in Q2 June 2015. Total income fell 12.46% to Rs 2897.17 crore in Q2 June 2016 over Q2 June 2015. The result was announced on Sunday, 14 August 2016.

Aditya Birla Novo turns ex-dividend today, 16 August 2016, for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

SRF turns ex-dividend today, 16 August 2016, for interim dividend of Rs 6 per share for the year ending 31 March 2017 (FY 2017).

KPR Mill turns ex-dividend today, 16 August 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

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Grasim Industries to be watched after announcing Q1 earnings
Aug 12,2016

Grasim Industries consolidated net profit surged 63.55% to Rs 830.22 crore on 9.16% growth in total income to Rs 9278.13 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Grasim Industries board of directors at a meeting held yesterday, 11 August 2016, approved 5-for-1 stock split.

Aditya Birla Nuvos (ABNL) consolidated net profit declined 56.79% to Rs 305.15 crore on 1.62% growth in total income to Rs 3318.68 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Meanwhile, in separate announcements, Grasim Industries and ABNL said that the board of directors of the companies have approved a composite scheme of arrangement between Grasim Industries, ABNL and Aditya Birla Financial Services and their respective shareholders. The announcement was made after market hours yesterday, 11 August 2016.

Among key corporate earnings, Bosch, Hindalco Industries and Sun Pharmaceutical Industries are scheduled to announce their June 2016 quarter earnings today, 12 August 2016.

PTC Indias net profit rose 13.46% to Rs 56.45 crore on 13.53% growth in total income to Rs 3684.05 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

MRFs net profit rose 2.37% to Rs 490.93 crore on 1.01% rise in total income to Rs 3555.53 crore in Q1 June 2016 over Q1 June 2015. The result was announced at the fag end of after market hours yesterday, 11 August 2016.

Rural Electrification Corporation announced that it has fixed 29 September 2016 as the record date for the purpose of ascertaining entitlement of eligibility of shareholders for 1:1 bonus issue of shares. The announcement was made after market hours yesterday, 11 August 2016.

JK Lakshmi Cement reported net profit of Rs 28.64 crore in Q1 June 2016 compared with net loss of Rs 23.48 crore in Q1 June 2015. Total income rose 32.33% to Rs 787.64 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Bharti Airtel said after market hours yesterday, 11 August 2016 that the transaction to acquire rights to use 20 megahertz (MHz) 2300 Band 4G TD spectrum of Aircel has been successfully concluded for Orissa circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines). With this, the company has completed the transaction in 7 out of 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. Bharti Airtel in April this year said it had acquired rights to use 4G spectrum of Aircel in eight telecom circles.

Piramal Enterprises announced that at the meeting of administrative committee of the board of directors held yesterday, 11 August 2016, the committee approved the issue of secured non-convertible debentures (NCDs) aggregating upto Rs 550 crore on private placement basis. The announcement was made after market hours yesterday, 11 August 2016.

Indiabulls Housing Finance announced that it has allotted secured, redeemable, non-convertible debentures aggregating Rs 1915 crore (Rs 400 crore plus Greenshoe of Rs 1515 crore). The announcement was made after market hours yesterday, 11 August 2016.

S. P. Apparels (SPAL) makes its debut on the secondary equity markets today, 12 August 2016. The company had priced its initial public offer (IPO) at Rs 268 per share, the top end of the Rs 258-268 per share price band for the IPO. SPAL is a leading manufacturer and exporter of knitted garments for infants and children. From the proceeds of the fresh issue, SPAL has earmarked Rs 70 crore towards expansion and modernization of manufacturing facility at Tamil Nadu, Rs 63 crore towards repayment of debt, Rs 27.85 crore towards opening of new stores for sale of Crocodile brand, Rs 4.90 crore towards balancing machinery for existing dyeing unit in Perundurai and rest towards for general corporate purpose. SPALs consolidated profit after tax (PAT) jumped 245% to Rs 34.71 crore on 13% growth in net sales to Rs 532.83 in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Hatsun Agro Product turns ex-dividend today, 12 August 2016 for interim dividend of Rs 1 per share for the year ending 31 March 2017 (FY 2017).

Indian Hotels Company turns ex-dividend today, 12 August 2016 for dividend of Rs 0.30 per share for the year ended 31 March 2016 (FY 2016).

Kajaria Ceramics turns ex-dividend today, 12 August 2016 for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

L&T Finance Holdings turns ex-dividend today, 12 August 2016 for dividend of Rs 0.80 per share for the year ended 31 March 2016 (FY 2016).

Siemens turns ex-dividend today, 12 August 2016 for interim dividend of Rs 27.50 per share for the year ending 30 September 2016 (FY 2016).

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