Tuesday, 29 December 2015

Gammon India board allots equity shares at Rs. 11.89 per share

Gammon India Ltd has announced that the Securities Allotment Committee of Directors at their meeting held on December 29, 2015, has allotted 15,10,54,133 equity shares of F.V. Rs.2 each at a price of Rs. 11.89 per share aggregating to Rs. 179,60,33,641.


Gammon India
Gammon India Ltd has announced that the Securities Allotment Committee of Directors at their meeting held on December 29, 2015, has allotted 15,10,54,133 equity shares of F.V. Rs.2/- each at a price of Rs. 11.89 per share aggregating to Rs. 179,60,33,641 to 11 (eleven) CDR Lenders on conversion of part of their outstanding loan and interest into equity shares of the Company pursuant to Notices dated December 18, 2015 & December 28, 2015 for conversion of debt Into equity shares under Strategic Debt Restructuring Package of the Company issued by ICICI Bank in its capacity as a Monitoring Institution, acting on behalf of the CDR Lenders. With this allotment, the CDR Lenders collectively hold 52.55% of the total equity capital of the Company.

Gammon India Ltd is currently trading at Rs. 17.6, down by Rs. 0.4 or 2.22% from its previous closing of Rs. 18 on the BSE.

The scrip opened at Rs. 18 and has touched a high and low of Rs. 18.25 and Rs. 17.45 respectively. So far 459404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 245.7 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 30 on 05-Jan-2015 and a 52 week low of Rs. 10.75 on 10-Sep-2015. Last one week high and low of the scrip stood at Rs. 19.8 and Rs. 17.45 respectively.

The promoters holding in the company stood at 34.99 % while Institutions and Non-Institutions held 14.34 % and 50.68 % respectively.

The stock is currently trading below its 200 DMA.

Tata Power signs MoU with Ministry for Development of Russian Far East

Under the provisions of the MoU, the Ministry for Development of Russian Far East will cooperate with and support Tata Power at all stages of the investment projects, including assisting the company's communications with federal and regional authorities, state-owned companies, and the private sector.


Tata Power Logo
Tata Power, India's largest integrated power company, signed a Memorandum of Understanding (MoU) with the Ministry for Development of Russian Far East, Government of the Russian Federation, to explore and develop investment opportunities in the energy sector. 

The MoU, signed under the ambit of India-Russia bilateral summit happening in Moscow, reflects the mutual intentions of the Parties to cooperate for the purpose of realisation of investment projects in the energy sector across the Russian Far East.

Under the provisions of the MoU, the Ministry for Development of Russian Far East will cooperate with and support Tata Power at all stages of the investment projects, including assisting the company's communications with federal and regional authorities, state-owned companies, and the private sector. 
The MoU was signed in Moscow by Ashok Sethi, COO and ED, Tata Power, and Alexander Galushka, Minister for Development of Russian Far East.

Tata Power Company Ltd is currently trading at Rs. 67.2, down by Rs. 0.4 or 0.59% from its previous closing of Rs. 67.6 on the BSE.

The scrip opened at Rs. 67.9 and has touched a high and low of Rs. 67.9 and Rs. 67.1 respectively. So far 871253(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18283.29 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.4 on 02-Feb-2015 and a 52 week low of Rs. 55.55 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 68.45 and Rs. 64.75 respectively.

The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.98 % and 15.85 % respectively.

The stock is currently trading below its 200 DMA.

Titan falls 1.5%; mixed response in the festive season

The retailer said that while jewellery sales remained buoyant for the year, especially during the festive season started October, watches and eye-wear category saw muted growth, with all retail formats experiencing flattish growth.


Titan Company
Titan Company slipped 1.5% to Rs.346.15 on BSE. Titan management said festive season had a mixed response from customers in third quarter. In its quarterly update to the BSE on Monday, the retailer said that while jewellery sales remained buoyant for the year, especially during the festive season started October, watches and eye-wear category saw muted growth, with all retail formats experiencing flattish growth.

The scrip opened at Rs. 349.8 and has touched a high and low of Rs. 349.8 and Rs. 344.95 respectively. So far 270730(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 31157.34 crore.

The volumes for Titan declined over the festive season but sales value remained flat. Sales in month of October and November in the company’s eye-wear division Titan Eye Plus remained sluggish. Floods in Tamil Nadu, an important eye-wear market for Titan, are likely to have an adverse impact on the business, the company said. 

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 448 on 03-Feb-2015 and a 52 week low of Rs. 303 on 01-Oct-2015. Last one week high and low of the scrip stood at Rs. 364.2 and Rs. 344.6 respectively.

The promoters holding in the company stood at 53.05 % while Institutions and Non-Institutions held 25.27 % and 21.67 % respectively.

The stock is currently trading above its 200 DMA.

HDFC gains 1%; sells stake in Indraprastha Medical Corporation

According to BSE data, HDFC held a 9.81% stake in Indraprastha Medical Corporation has disposed off 2.12% shares through open market sale.


HDFC gained 1% to Rs. 1,235 on BSE. HDFC has sold a 2.12 % stake in healthcare firm Indraprastha Medical Corporation, as per media reports.

According to BSE data, HDFC held a 9.81% stake in Indraprastha Medical Corporation has disposed off 2.12% shares through open market sale.

The scrip opened at Rs. 1237.95 and has touched a high and low of Rs. 1239 and Rs. 1228 respectively. So far 173967(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 193410.01 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1399.8 on 04-Mar-2015 and a 52 week low of Rs. 1093.8 on 26-Aug-2015. Last one week high and low of the scrip stood at Rs. 1243.8 and Rs. 1204.35 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 88.02 % and 11.98 % respectively.

The stock is currently trading below its 200 DMA.

Indraprastha Medical Corporation Ltd is currently trading at Rs. 67.6, up by Rs. 0.5 or 0.75% from its previous closing of Rs. 67.1 on the BSE.

The scrip opened at Rs. 67.5 and has touched a high and low of Rs. 67.9 and Rs. 67.45 respectively. So far 98027(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 615.11 crore.

Suven Life Sciences secures 2 product patents in Europe and Macau

The granted claims of the patents include the class of selective alpha-4-beta-2 compounds discovered by Suven and are being developed as therapeutic agents for major depressive disorder (MDD).


Suven Life Sciences
Suven Life Sciences Ltd announces that the grant of one product patent from Europe and one product patent from Macau corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2030 and 2029.

The granted claims of the patents include the class of selective alpha-4-beta-2 compounds discovered by Suven and are being developed as therapeutic agents for major depressive disorder (MDD). With these new patents, Suven has a total of twenty granted patents from Europe and eight granted patents from Macau. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.

"We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS arena that are being developed for Major Depressive Disorder (MDD) with high unmet medical need with huge market potential globally” says Venkat Jasti, CEO of Suven.

Suven Life Sciences Ltd is currently trading at Rs. 272.6, up by Rs. 10.65 or 4.07% from its previous closing of Rs. 261.95 on the BSE.

The scrip opened at Rs. 263.85 and has touched a high and low of Rs. 275.2 and Rs. 260.45 respectively. So far 141225(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3334.16 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 338.5 on 15-Apr-2015 and a 52 week low of Rs. 192.15 on 08-Sep-2015. Last one week high and low of the scrip stood at Rs. 273.2 and Rs. 254.4 respectively.

The promoters holding in the company stood at 59.57 % while Institutions and Non-Institutions held 7.2 % and 33.23 % respectively.

The stock is currently trading below its 50 DMA.

DLF promoters to sell 40% stake in Cyber City

The company stated that DT Cinemas deal is pending for CCI Nod.


DLF Ltd reportedly said that its promoters will sell 40% stake In Cyber City to Private Unlisted Investors.

The company stated that DT Cinemas deal is pending for CCI Nod.
DLF1The company concluded GIC Stake sale last week.

DLF Ltd is currently trading at Rs. 115.2, up by Rs. 0.2 or 0.17% from its previous closing of Rs. 115 on the BSE.

The scrip opened at Rs. 115.55 and has touched a high and low of Rs. 116.4 and Rs. 115.1 respectively. So far 1354186(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20505.95 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 179 on 04-Feb-2015 and a 52 week low of Rs. 93 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 117.7 and Rs. 112.8 respectively.

The promoters holding in the company stood at 74.86 % while Institutions and Non-Institutions held 19.84 % and 5.3 % respectively.

The stock is currently trading above its 200 DMA.

L&T Infotech plans to raise over Rs. 2,000 crore through IPO

Report says that the proceeds will be used to fund its future growth plans.


Initial Public Offering, IPO
L&T Infotech is planning to raise over Rs 2,000 crore through IPO in the fourth quarter of the current fiscal to fund its expansion plans, according to reports.

Report says that the proceeds will be used to fund its future growth plans.

L&T Infotech, a subsidiary of engineering & construction major Larsen & Toubro , figures among India's top 10 IT service providers.

The company had filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for IPO in September.

Sandhar gets SEBI approval for IPO

Report says that the company had filed its draft red herring prospectus with SEBI for the IPO in September.


IPO
Sandhar Technologies Ltd has received approval from Securities and Exchange Board of India (SEBI) for proposed initial public offering, according to reports.

Report says that the company had filed its draft red herring prospectus with SEBI for the IPO in September. 

Sandhar was incorporated in 1987 by Jayant Davar, co-chairman and managing director of the company.

Reliance Infra, SSWL, HDFC among 20 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.


Vedanta, Cairn: The Bombay High Court has issued notices to Vedanta, its unit Cairn India and their directors, as per media reports. The notice was regarding seeking response to a shareholder's petition alleging that Vedanta used complex web of transactions to make sure that part of the money spent to take over Cairn India came from the acquired company itself.

Reliance Infrastructure: Blackstone, Birla Corp and Baring Private Equity Asia are in race to acquire the cement business of Anil Ambani's Reliance Infrastructure, according to reports.

HDFC & Indraprastha Medical Corporation: HDFC has sold a 2.12 % stake in healthcare firm Indraprastha Medical Corporation, as per media reports.

Lupin: Pharma Major Lupin Limited has received final approval for its Fyavolv Tablets from the United States Food and Drug Administration to market a generic version of Warner Chilcott's Femhrt Tablets.

Deepak Nitrite Limited: Deepak Nitrite has announced that the Project Funding Committee of the Board of Directors of the Company has decided to open the issue of Equity Shares of the Company through Qualified Institutions Placement on December 28, 2015, in accordance with Chapter VIII and other applicable provisions of the SEBI ICDR Regulations and Section 42 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014.

Infosys: Infosys, a global leader in consulting, technology, outsourcing and next-generation services announced the launch of its solar PV power plant of 6.6 MW capacity at its Pocharam campus in the state of Telangana.


HCL Infosystems Ltd: The IT company has announced that it is seeking Shareholders approval for creation of charge on assets in favour of Banks/FIs.

NBCC: National Buildings Construction Corporation Ltd has announced that Nabinagar Power Generating Company awarded the work of Permanent Township Package for Nabinagar Super Thermal Power Project (3x660MW) to the Company for Rs. 328.08 crores.

Udaipur Cement Works: JK Lakshmi Cement will sell 3.01 per cent stake or 88.9 lakh shares in its subsidiary Udaipur Cement Works (UCW) through an offer-for-sale.

Suzlon Energy: Suzlon S97 2.1MW prototype turbine with a hybrid tower in Gujarat has achieved 35 per cent plant load factor (PLF) in the last 12 months.

Ajmera Realty & Infra India: Ajmera Realty announced that the Company have incorporated a wholly-owned subsidiary company with name and Style Ajmera Corporation UK a Company limited by shares, in Wembley, London, United Kingdom. This Investment is planned for real estate construction and development projects in London, United Kingdom.

SSWL: Steel Strips Wheels has bagged order from Mahindra Tractors for their new project. The total order value of the program would be Rs.50 crores.

Saregama India Ltd: Reliance Capital acquired 6.82% stake in popular music publishing label Saregama India for Rs 43.17 crore through open market transactions.


Rohit Ferro-Tech Ltd:Rohit Ferro-Tech has announced that the Company has on December 24, 2015 extended the validity of Business Transfer Agreement (BTA) with Balasore Alloys Limited for sale of its Jajpur manufacturing unit, upto March 31, 2016.

Educomp Solutions Ltd: Educomp Solutions has announced that M/s Educomp Infrastructure & School Management Limited, subsidiary of Educomp Solutions Limited, has executed agreements to sell one of its land and building to third party.

Sunil Hitech Engineers Ltd: The company said in a notice to BSE that it has won orders worth Rs.83 crore for construction of low-cost housing in Jharkhand.

PTC India Financial Services: The company said in a notice to BSE that it sanctioned loans aggregating to about Rs.825 crore for providing financial assistance to power and infrastructure sector in India.

Jaypee Cement: Jaypee Cement has announced that it has received green nod to expand Limestone Mining in Andhra Pradesh.

Adani Ports: Karan Adani has been appointed as the CEO of Adani Port and Special Economic Zone Limited (APSEZ). Karan Adani replaces Sudipta Bhattacharya, whose resignation has been accepted as CEO and whole-time Director of the company. 

ONGC: ONGC Videsh Limited and Rosneft has signed an Agreement of Confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC ‘Vankorneft’.

Infosys launches 6.6 MW solar plant in Telangana campus

The plant, with a total capacity of 7.2 MW, has been successfully synchronized with the grid and is expected to generate 12 million kWh per annum.


Infosys
Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of its solar PV power plant of 6.6 MW capacity at its Pocharam campus in the state of Telangana. With this launch, combined with the existing 0.6 MW capacity rooftop solar plant, the Infosys campus in Pocharam will be one of the first corporate campuses in India that will be run completely by renewable energy.

The plant, with a total capacity of 7.2 MW, has been successfully synchronized with the grid and is expected to generate 12 million kWh per annum. This initiative is expected to reduce the company’s CO2 emissions by 9,200 tons.

Currently, the company has installed 12 MW solar power plants (onsite) across its campuses and another 3 MW is expected to be completed within the next two months.

Commenting on Infosys’ efforts to ensure sustainable development, Dr. Vishal Sikka, Chief Executive Officer and Managing Director, Infosys said, “Our company's commitment to our broader purpose and to our communities, has always brought us great pride. The Infosys founders set this standard from the beginning, and we see this in the contributions of our employees to their communities and in times of crisis, such as the recent Chennai floods; we see this in the work of the Infosys Foundations; and we see this perhaps most clearly in our work in our facilities. Our team, led by Ramadas Kamath, continues to set new standards in our commitments to reduce electricity consumption. Our beautiful Hyderabad campus is another great example of this commitment.”

Infosys has always been at the forefront of the movement to chart an action plan for mitigating the adverse effects of climate change. Some of the achievements made by the company on this front as are follows:

This year Infosys became the first Indian company to join the global RE100 campaign
By the end of fiscal 2015, the company reduced its per capita consumption of electricity by 46%
About 30% of its energy requirements are now being met through renewable sources
The company has 14 LEED Platinum rated buildings and four buildings with the Green Rating for Integrated Habitat Assessment (GRIHA) 5 star rating, making it a total of about 5.3 million sq.ft of buildings having the highest level of green certification

Speaking on Infosys’ commitment to renewable energy, Mr. Ramadas Kamath, Executive Vice President and Head - Infrastructure, Facilities, Administration, Security and Sustainability, Infosys, said, “Companies have a responsibility to the communities in which they are present and sustainable development and climate change are issues that businesses need to get actively involved in. We hope other companies will emulate us, aligning to the goals committed by India at COP21, Paris, with an overall objective of creating a sustainable future.”

The Infosys IT SEZ at Pocharam is a 450-acre campus. The Phase-1 of this campus has a built-up area of 30 lakh sq. ft. with 16,000 seats, software development blocks, residential training facilities, food courts, recreational facilities, multi-level car park, water treatment plant, sewage treatment plant, and utility blocks. The campus has been recognized globally as one of the greenest campuses with world-class innovation in sustainability. The campus was the first to adopt radiant cooling technology in India. Several other features of the campus such as the high performance façade, naturally-lit office spaces, efficient water management with smart metering, super-efficient chiller plants, lakes for rainwater harvesting, and a biogas plant for waste treatment have been exemplary for the industry. The building Energy Performance Index (EPI) of 75 kWh/sq. m per annum is among the lowest in the industry globally and is a benchmark for others to achieve.

The campus has won many awards for its innovation in engineering and design. It has been featured in several national and international publications. The construction of Phase-2 of the campus is underway and it has a planned capacity of 25,000 employees. An area has been reserved to construct Phase-3.

Tata Motors trains over 200 school bus staff, in Pune

Tata Motors has trained over 10,700 school bus staff, across 47 cities, from 224 schools, through 226 sessions, under the 'Hamare Bus Ki Baat Hai' school bus safety program.


Furthering the company’ nationwide initiative to train school bus staff  on aspects of safety during school bus travel, Tata Motors today conducted its Hamare Bus Ki Baat Hai’ campaign for over 200 school bus staff of VIBGYOR school branches in Pune. An interactive training program, Hamare Bus Ki Baat Hai’ includes sessions to sensitize school bus staff on the importance of their duties, how to act in case of an emergency, including softer aspects of personal hygiene and how to better interact with parents and their kids, while on the job. The program also aims at sensitizing school children and their parents on how to prevent and minimize accidents school bus travel.
 
Commenting on the occasion, Mr. Sandeep Kumar, Business Head, Commercial Vehicles –  Passenger, Tata Motors Ltd., said, “Safety is of paramount importance at Tata Motors at we are delighted to have imparted school bus safety training to over 200 school staff of Vibyor school branches of Pune. Designed with inputs from various stake holders, the campaign has helped in creating a sense of involvement among participants, increasing their awareness about their duties and responsibilities and take necessary measures in case of a situation during school bus travel. Through such trainings, we have reiterated our commitment towards providing safe travel for children and hope to conduct many more such sessions in the near future, across the country.”
 
Tata Motors has trained over 10,700 school bus staff, across 47 cities, from 224 schools, through 226 sessions, under the 'Hamare Bus Ki Baat Hai' school bus safety program.
 
Additionally, Tata Motors also conducted activities for children, to make them aware about the importance of safe school bus travel through two other initiatives – ‘Dream it to Win it’ and ‘Safety Hamare Bus Mein’
 
'Dream it to Win it'
 
Dream it to Win it', a unique drawing and collage making competition for school children, around school bus safety. Tata Motors organized the 'Dream it to win it' program across 21 cities with participation of over 3.9 lakh students from over 1900 schools across the country.
 
'Safety Hamare Bus Mein'
 
This programme is designed to educate school children on using safety features in buses, tips on safe travel. The training includes aspects like mock fire drill in schools, a virtual experience film showing safe travel, sessions with select students on safety and a safety quiz in school. It involves safety drills like entry/exit, emergency evacuation, and effective handling of safety provisions in a bus. This campaign is set to kick-off shortly.

Tata Motors trains over 200 school bus staff  under ‘Hamare Bus Ki Baat Hai’ campaign at Vibgyor School in Pune
Tata Motors trains over 200 school bus staff under ‘Hamare Bus Ki Baat Hai’ campaign at Vibgyor School in Pune