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Wipro fixes record date for interim dividend
Jan 27,2017

Wipro has fixed record date of 03 February 2017 for interim dividend of Rs 2 per share. The payment of interim dividend will be made on or before 10 February 2017.

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Board of Wipro approves interim dividend
Jan 27,2017

Wipro announced that the Board of Directors of the Company at its meeting held on 25 January 2017, inter alia, have considered and approved an interim dividend of Rs.2/- per equity share of par value Rs.2/- each to the members of the Company whose names appear in the Register of Members of the Company as on 03 February 2017, being the Record Date.

Further, the payment of interim dividend will be made on or before 10 February 2017.

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VRL Logistics to pay interim dividend
Jan 27,2017

VRL Logistics announced that interim dividend would be paid on or before 13 February 2017.

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Board of VRL Logistics approves interim dividend
Jan 27,2017

VRL Logistics announced that the Board of Directors of the Company at its meeting held on 25 January 2017, inter alia, has approved payment of interim dividend at the rate of 40% (Rs. 4/- per equity shares of Rs.10/-). The said Dividend would be paid on or before 13 February 2017.

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Orbit Exports to pay interim dividend
Jan 27,2017

Orbit Exports announced that an Interim Dividend will be paid to the equity shareholders of the Company on or before 22 February 2017.

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Board of Orbit Exports declares interim dividend
Jan 27,2017

Orbit Exports announced that at the Board Meeting held on 25 January 2017, the Directors have declared an Interim Dividend of Rs.2/- per Equity Share of Rs.10/- i.e. 20% each of the Company.

Further, an Interim Dividend will be paid to the equity shareholders of the Company on or before 22 February 2017.

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Board of Cholamandalam Investment & Finance Company approves interim dividend
Jan 27,2017

Cholamandalam Investment & Finance Company announced that the Board of Directors at their meeting held on 25 January 2017, inter alia, have approved the following:

- Payment of an interim dividend on the equity shares of the Company at the rate of 35% being Rs.3.50/- per equity share of Rs.10/- each for the year ending 31 March 2017.

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Mphasis gains as board plans to consider share buyback
Jan 27,2017

The announcement was made after market hours on Wednesday, 25 January 2017. The stock market had remained closed yesterday, 26 January 2017, on account of Republic Day holiday.

Meanwhile, the S&P BSE Sensex was up 187.24 points or 0.68% at 27,892.78.

On the BSE, 11,786 shares were traded in the counter so far as against average daily volume of 16,050 shares in the past one quarter. The stock had hit a high of Rs 564.60 and a low of Rs 550 so far during the day. The stock had hit a 52-week high of Rs 621.75 on 27 June 2016. The stock had hit a 52-week low of Rs 404.15 on 17 February 2016.

The stock had underperformed the market over the past one month till 25 January 2017, falling 3.65% compared with 6.4% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 5.07% as against Sensexs 1.36% fall.

The large-cap company has equity capital of Rs 210.19 crore. Face value per share is Rs 10.

Mphasis consolidated net profit rose 3.12% to Rs 210.73 crore on 0.06% rise in net sales to Rs 1517.65 crore in Q2 September 2016 over Q1 June 2016.

Mphasis is an IT solutions provider offering applications, business process outsourcing (BPO) and infrastructure services globally through a combination of technology knowhow, domain and process expertise.

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Cholamandalam Investment & Finance Company fixes record date for interim dividend
Jan 27,2017

Cholamandalam Investment & Finance Company announced that the Company has fixed 07 February 2017 as the Record Date for the purpose of payment of Interim Dividend.

The interim dividend will be paid within 10 days from the Record Date (i.e. on or before 17 February 2017).

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Orbit Exports fixes record date for interim dividend
Jan 27,2017

Orbit Exports has fixed 14 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Board of MphasiS to consider proposal for buy back of shares
Jan 27,2017

MphasiS announced that a meeting of Board of Directors of the Company is being convened on 31 January 2017, inter alia, to consider a proposal for Buy-back of the equity shares of the Company, in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998.

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Everest Inds slides after reverse turnaround in Q3
Jan 27,2017

The result was announced after market hours on Wednesday, 25 January 2017.

Meanwhile, the S&P BSE Sensex was up 194.14 points or 0.7% at 27,902.28.

On the BSE, 5,647 shares were traded on the counter so far as against the average daily volumes of 3,862 shares in the past two weeks.

The stock had hit a high of Rs 201 and a low of Rs 194.50 so far during the day.

Everest Industries total income from operations fell 11.05% to Rs 251.24 crore in Q3 December 2016 over Q3 December 2015.

Everest Industries is engaged in manufacturing and trading of building products, such as roofing products, boards and panels, other building products and accessories.

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NLC India to consider matters related to buyback of shares
Jan 27,2017

NLC India announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider matters related to buy back of fully paid equity shares of the Company including matters related/incidental thereto and any other matter as the Board of the Directors may decide during the course of the meeting.

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Board of Genus Power Infrastructures to consider Q3 results and interim dividend
Jan 27,2017

Genus Power Infrastructures will hold a board meeting of the Company on 31 January 2017 to consider and take on record the Unaudited Financial Results for the quarter and nine-months ended 31 December 2016. The Board may consider declaration of Interim Dividend, if any, for the financial year ending 31 March 2017, in its board meeting scheduled on 31 January 2017.

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Wipro declines as Q3 numbers disappoint investors
Jan 27,2017

The result was as per International Financial Reporting Standards (IFRS). The result was announced after market hours on Wednesday, 25 January 2017.

Meanwhile, the S&P BSE Sensex was 151.78 points or 0.55% at 27,859.92.

On the BSE, 45,000 shares were traded on the counter so far as against the average daily volumes of 1.50 lakh shares in the past two weeks. The stock had hit a high of Rs 473.25 and a low of Rs 467.90 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016.

Wipros IT Services segment revenue in constant currency grew 0.6% in Q3 December 2016 over Q2 September 2016. IT Services segment margins expanded by 50 basis points to 18.3% in Q3 December 2016 over Q2 September 2016.

Wipro expects the revenue from IT Services business to be in the range of $1.92 billion to $1.94 billion in Q4 March 2017.

Wipro after market hours on Wednesday, 25 January 2017 announced that it has signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 million ($8.7 million). InfoSERVER, an IT services provider, which is focused on the Brazilian market, provides custom application development and software deployment services.

Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the countrys highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector.

This acquisition closely aligns with Wipros vision to localise, expand its presence and become a significant partner of choice in the LATAM market and an end-to-end IT services provider that brings global expertise while operating as a local company. Wipro has a significant presence in Latin America with offices across 5 countries in the region - Argentina, Brazil, Chile, Colombia and Mexico.

The acquisition is subject to customary closing conditions and approvals by regulatory bodies in Brazil.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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