HCL Technologies trades higher on the bourses

HCL Technologies trades higher on the bourses

Sep 04,2014   12:49 Hrs IST

HCL Technologies is currently trading at Rs. 1662.95, up by 4.90 points or 0.30% from its previous closing of Rs. 1658.05 on the BSE. The scrip opened at Rs. 1665.00 and has touched a high and low of Rs. 1673.30 and Rs. 1657.15 respectively. So far 21343 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1673.30 on 04-Sep-2014 and a 52 week low of Rs. 985.00 on 16-Sep-2013. Last one week high and low of the scrip stood at Rs. 1673.30 and Rs. 1625.05 respectively. The current market cap of the company is Rs. 116840.67 crore. The promoters holding in the company stood at 61.64% while Institutions and Non-Institutions held 32.58% and 5.77% respectively. HCL Technologies, a leading global IT services provider, has been selected by Sydney Trains as a strategic partner to provide bespoke systems support services. HCL will provide end-to-end application management and support services to transform the company’s IT landscape. Leveraging its integrated service delivery framework MaSCOT (Managed Services with Continuous improvement to Transformation) and ALT ASM, HCL will provide application development, support and maintenance services to support business and IT users improving application stability and availability for Sydney Trains. HCL will use its ASSeT Transition framework to ensure a seamless and risk free transition with zero business disruption. HCL will also be responsible for optimising the company’s application portfolio in alignment with business processes across its Australian operations. HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. HCL utilises domain-led business process repositories, and provides tools and framework led IT and business transformation through dedicated centres of excellence for the transport and logistics industry. HCL serves eight of the top 15 logistics service providers, seven of the top 12 airlines, nine of the top 15 railroads, two of the top five hotels and five national mail companies trust HCL for their IT and business transformation.

Marico Kaya soars on RBI nod for hike in FII limit

Marico Kaya soars on RBI nod for hike in FII limit

Sep 04,2014   11:52 Hrs IST

Marico Kaya Enterprises is currently trading at Rs. 643.05, up by 18.80 points or 3.01% from its previous closing of Rs. 624.25 on the BSE. The scrip opened at Rs. 639.00 and has touched a high and low of Rs. 650.00 and Rs. 636.00 respectively. So far 67,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 650.00 on 04-Sept-2014 and a 52 week low of Rs. 214.40 on 03-July-2014. Last one week high and low of the scrip stood at Rs. 650.00 and Rs. 553.75 respectively. The current market cap of the company is Rs. 829.28 crore. The promoters holding in the company stood at 59.69% while Institutions and Non-Institutions held 33.14% and 7.17% respectively. Reserve Bank of India (RBI) has notified that foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 percent of the paid up capital of Marico Kaya Enterprises under the Portfolio Investment Scheme. The Reserve Bank has 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 and convertible debentures by FIIs. The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20 dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank. Marico Kaya Enterprises (MaKE) was incorporated on January 19, 2013 as a wholly owned subsidiary of Marico. In October 2013, MaKE demerged from Marico and is now a separate company. MaKE owns the specialized skin care business of Kaya (erstwhile a subsidiary of Marico).

F&O total turnover stood at Rs 1,64,477.64 crore on September 3

F&O total turnover stood at Rs 1,64,477.64 crore on September 3

Sep 04,2014   09:09 Hrs IST

Future & Option (F&O) total turnover stood at Rs 1,64,477.64 crore on September 3 and the total number of contracts traded on the day were 40,23,991. Of the total turnover, Index Futures contributed Rs 12,838.15, Stock Futures Rs 28,455.26 crore and Index Options Rs 1,11,682.62 crore, while the contribution of the Stock Options was of Rs 11,501.61 crore. For the day, the total F&O PutCall ratio stood at 0.96, while Index Options PutCall ratio was 1.04 and that of Stock Options was 0.42. The top five scrips with highest PCR on OI were Sun TV (1.84), Apollo Hospital (1.67), Hero MotoCorp (1.25), M&M (1.16) and Colgate Palmolive (1.14).  Among most active underlying, Infosys witnessed an addition of 0.10 million of Open Interest in the September month futures contract, followed by Tata Steel witnessing an addition of 0.49 million of Open Interest in the September month contract; while Reliance Industries witnessed a contraction of 0.87 million of Open Interest in the September month futures contract, State Bank of India witnessed an addition 0.06 million of Open Interest in the September month contract and HDIL witnessed a contraction of 0.34 million of Open Interest in the September month's future contract.

Crude oil futures rebound from more than seven-month low

Crude oil futures rebound from more than seven-month low

Sep 04,2014   08:41 Hrs IST

Crude oil futures made a smart bounce back from a more than seven-month low and ended sharply higher on Wednesday, as the situation in Ukraine remained unclear after Ukraine President Petro Poroshenko initially said Russian President Vladimir Putin agreed on a permanent ceasefire, but later retracted the statement. Meanwhile, there was some report from Middle East that Islamic militants may have stolen about a dozen commercial planes from Tripoli International Airport last month to use them in terror attacks. Benchmark crude oil futures for October delivery, surged by $2.66 or 2.9 percent to close at $95.54 a barrel after trading in a range of $95.83 and $93.06 a barrel on the New York Mercantile Exchange. In London, Brent oil futures for October delivery gained 2.44 percent to $102.79 a barrel on the ICE.

CRISIL reaffirms ratings assigned to bank facilities of Ipca Laboratories

CRISIL reaffirms ratings assigned to bank facilities of Ipca Laboratories

Sep 04,2014   09:52 Hrs IST

Credit rating agency, CRISIL has reaffirmed the ratings assigned to bank facilities of Ipca Laboratories. The agency has reaffirmed the Long-Term Rating amounting Rs 50 crore and Rs 20 crore NCDs at ‘AA/stable’. The Short-term rating amounting to Rs 21 crore (reduced from Rs 81 crore) has been reaffirmed to ‘A1+’. Ipca Laboratories is engaged in manufacturing of active pharmaceutical ingredients and formulations. It operates in 110 countries and its export accounts for 50% of the company’s income. Worldwide the company is one of the largest suppliers of APIs and intermediates. The company holds leadership position in Anti-malarial and Rheumatoid Arthritis area.

IL, IL&FS separate on Model Economic Township Project at Haryana

IL, IL&FS separate on Model Economic Township Project at Haryana

Sep 04,2014   09:28 Hrs IST

Reliance Industries (RIL) has announced mutual and amicable separation in the agreement for strategic partnership between Reliance Ventures (RVL), a wholly owned subsidiary of RIL and Infrastructure Leasing and Financial Services (IL&FS) to co-promote the Model Economic Township (MET) project of Reliance Haryana SEZ (RHSL). The Model Economic Township project is being developed by RHSL, a wholly owned subsidiary of RVL, in the Industrial Model Township framework. IL&FS became a strategic partner in this project in January 2011. The Model Economic Township project will continue to be developed in the Industrial Model Township framework on the directly purchased land. The development work has been started over 290 acres of land as an Industrial Colony. Some Japanese majors have established their manufacturing units in the MET Project.