Ujjivan Financial Services
: Ujjivan Financial Services is set to list on the BSE and NSE today. The Rs.885 crore IPO of Ujjivan Financial Services was oversubscribed nearly 41 times earlier this month. The price band for the offer was fixed at Rs.207-210 and was open for subscription from April 28-May 2.
: Kaveri Seed Company Ltd, one of the leading producers of other agricultural products in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to rise to Rs. 41 crore, at a rate of 2% yoy; however, the same is likely to tumble 55.7% qoq.
: Tata Steel Europe reportedly said that seven expressions of interest for British operations had been taken forward to the next stage of the sale process.
: The company reported about 62% drop in its net profit to Rs.27.40 crore for the quarter ended March 31, 2016. The company's net profit stood at Rs.71.93 crore in the same quarter a year ago.
: Dalmia Cements Ltd withdrew a challenge to a conditional approval given by India’s anti-trust regulator to the proposed merger of cement makers Lafarge and Holcim in India.
: The company’s standalone revenue stood at Rs. 7,945.66 crore, up 3.52% yoy but down 0.44% qoq.
ONGC, Gujarat State Petroleum Corp
: Gujarat State Petroleum Corp (GSPC) is in talks with Oil & Natural Gas Corp Ltd (ONGC) on selling a stake in its gas block off the east coast to revive the deep water field, reports a business daily.
: The Kerala's PPP-model infrastructure development company promoted by the state government, posted 25% increase in net profit in 2015-16 with a net profit of Rs.19.67 crores, up 25% from a year earlier.
: Srikalahasthi Pipes Ltd reported a consolidated net profit rise of 55.7% to Rs.46.1 crore as against Rs.29.6 crore in the same period a year ago.
: The company said it has signed a share purchase agreement with First Reserve International, a US private equity fund for an enterprise value of 115 million euros.
: The board had approved the sale of around a 40% stake in its subsidiary Vardhman Yarns and Threads Ltd (VYTL) to the US-based American & Efrid Global LLC (A&E), the company said in a filing to stock exchanges.
: TVS Motor has secured a patent for an invention relating to an air-injection system operative during deceleration of an automobile engine, reports a financial newspaper.
: The Board has approved the Conversion 15 lakhs only Compulsory Convertible Preference Shares of Rs. 100/- each held by AFHoldings into 16,36,363 (Sixteen Lakhs Thirty Six Thousand Three Hundred and Sixty Three Only) Ordinary Equity Shares of Rs. 10/- each in the ratio of 1: 1.0909 constituting 8.90% of the paid up share capital of the Company on fully diluted basis and ranking pari passu with the existing equity shares of the Company and allotment to AFHoldings.
: Zee Entertainment Enterprises Ltd., India's top entertainment company, will announce its financial results today. IIFL estimates the company’s net profit to increase to Rs.275 crore, growing at 18.7% yoy and 0.3% qoq.
: Titan is targeting 15-20 per cent growth in the jewellery business in FY17 with gold harvest and other initiatives, MD Bhaskar Bhat has been quoted as saying.
: Bharati Defence & Infrastructure Ltd (formerly known as Bharati Shipyard Ltd) plans to make its Goa-based defence shipyard Pinky Shipyard Ltd a separate entity and to bring in an international defence shipyard as an equity partner, reports a business daily.
: NIIT Ltd, one of the leading IT training services providers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs. 94 crore, at a rate of 9.4% yoy and 2.2% qoq.
: The company reported a 35% rise in net profit at Rs. 20.56 crore for the quarter ended March 31, 2016, compared to a net profit of Rs 15.23 crore in the same quarter of the previous fiscal.
: Future Group is considering hiving off its furniture business under "HomeTown" as a listed entity after merging it with its newly acquired online retailer - FabFurnish, reports a business daily.
VA Tech Wabag
: VA Tech Wabag Ltd has announced that Beijing VA Tech Wabag Water Treatment Technology Co. Ltd., the Company’s step-down subsidiary is liquidated.
Datamatics Global Services
: A consortium of Datamatics Global Services and Mikroelektronika has won a contract to provide automatic fare collection (AFC) system for the North–South corridor (Phase 1A) of the Lucknow Metro Rail Project.
Mangalore Chemicals & Fertilizers Ltd
: The company said that the urea production is stopped from May 7, 2016 and the production will resume once the water is available.