LATEST BUSINESS NEWS

Tata Communications launches ‘IZO Private Cloud’ service

The new service creates an enterprise-grade hybrid cloud that works seamlessly with public clouds
Tata Communications has launched its ‘IZO Private Cloud’ service to bring CIOs unprecedented control over their public and private clouds and their entire data centre estate. The new service, unveiled at Cloud Expo Asia, is the latest addition to Tata Communications’ game-changing IZO cloud enablement platform, and will empower enterprises to connect to the world’s biggest clouds, and to build a truly hybrid, high-performance IT infrastructure, where different cloud, co-location and managed hosting environments work together as one.

Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
source:ventura

 

Aptech enters into formal education business in Kabul

The company’s responsibility will be to develop curriculum, provide content, deploy Aptech’s pedagogy, bring necessary education board approvals etc.
Aptech has entered formal education business in Afghanistan with its first school to start in Kabul. The maiden school will seek students in March 2016. To be run in partnership with a local education trust, Aptech’s responsibility will be to develop curriculum, provide content, deploy Aptech’s pedagogy, bring necessary education board approvals, deploy evaluation strategy and provide training & certification for the faculty enabling them to excel in education delivery.

The school will follow the CBSE curriculum and will aim to provide a wholesome experience for the students, with a mix of contemporary content, delivery by well trained teachers and availability of best extracurricular activities.

Aptech is provider of learning solutions to retail and corporate client across the world. The company operates two business segment retail and non retail. The retail segment consists of global information technology (IT), multimedia training and N-Power. Under this it has created brands like ACE (Aptech computer education), Arena animation, Avalon Academy, N-Power (hardware and networking) and Aptech Worldwide.
source:ventura

 

NSE CUMMINSIND 1,98,000 QUANTITY @ Rs.1058 Value 21 Crs (BULK /BLOCK DEAL)

 

Vedanta reports 41% fall in Q2 consolidated net profit

Total income of the company has decreased by 13.24% at Rs 17776.01 crore for quarter under review
Vedanta has reported results for second quarter ended September 30, 2015.

The company has reported 98.68% fall in its net profit at Rs 12.18 crore for the quarter ended September 30, 2015 as compared to Rs 923.79 crore for the same quarter in the previous year. The company’s total income has decreased by 22.10% to Rs 7602.83 crore for the quarter under review from Rs 9759.75 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 40.62% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 973.97 crore for the quarter ended September 30, 2015 as compared to Rs 1639.93 crore for the same quarter in the previous year. Total income of the company has decreased by 13.24% at Rs 17776.01 crore for quarter under review as compared to Rs 20488.21 crore for the quarter ended September 30, 2014.

During the previous year, with effect from April 01, 2014, the company had revised the estimated useful lives of fixed assets. The said changes in the estimates of useful lives of assets with effect from April 01, 2014, was impacted in the quarter and year ended March 31, 2015, as a result the charge for the year ended March 31, 2015 was lower by Rs 864.85 crore. Consequently, the figures in respect of the depreciation charge for the quarter ended September 30, 2015/ previous periods/ year presented are not directly comparable.
source: ventura

 

Thermax reports 25% fall in Q2 consolidated net profit

The company’s total income has decreased by 9.38% to Rs 1069.63 crore for the quarter under review
Thermax has reported results for second quarter ended September 30, 2015.

The company has reported 24.63% fall in its net profit at Rs 64.83 crore for the quarter ended September 30, 2015 as compared to Rs 86.01 crore for the same quarter in the previous year. The company’s total income has decreased by 9.38% to Rs 1069.63 crore for the quarter under review from Rs 1180.32 crore for the corresponding quarter of the previous year.

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
source:ventura

 

CARE upgrades ratings assigned to bank facilities of West Coast Paper Mills

The credit rating agency has upgraded long term bank facilities from ‘BBB’ to ‘BBB+’ and short term bank facilities from ‘A3’ to ‘A3+’
Credit rating agency, Credit Analysis & Research (CARE) has upgraded the ratings assigned to West Coast Paper Mills’ long term bank facilities from ‘BBB’ to ‘BBB+’ and for short term bank facilities from ‘A3’ to ‘A3+’.

West Coast Paper Mills is engaged in manufacturing paper, paperboard and coated duplex board. The company is flagship company of Kolkata based- SK Bangur Group.
source:ventura

 

JSPL inks partnership pact with Bhasin Group for construction of Festival City

Spread over nine lakh square feet in Noida, the 33-storied Festival City is poised to be built in 99 days, the fastest ever in India
Jindal Steel and Power (JSPL) has entered into partnership agreement with the Bhasin Group for construction of Festival City, the country’s tallest composite steel structure. Spread over nine lakh square feet in Noida, the 33-storied Festival City is poised to be built in 99 days, the fastest ever in India.

JSPL’s structural steel division is involved in the project where construction of the office tower ‘Mist’ commenced on October 21, 2015 and is scheduled for completion on January 29, 2016.

Under the strategic partnership, JSPL will provide infrastructure solutions to Festival City such as E550 grade structural steel columns and beams, suspended concrete flooring system- Speedfloor for slabs and TMT Welded-mesh for slab reinforcements.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
source:ventura

 

Deepak Nitrite receives supplier excellence award for 2015

DNL has also bagged an Annual Contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science
Deepak Nitrite (DNL) has received supplier excellence award in the outstanding performance category from Bayer Crop Science for the year 2015. DNL has also bagged an Annual Contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.
source:ventura

 

Wipro wins five-year IT contract from Coop Norge

As a part of the agreement, Wipro will transform Coop Norge's enterprise SAP software landscape and upgrade the company's data center infrastructure
Wipro, a leading global information technology, consulting and business process services company, has won a five-year IT contract from Coop Norge Handel AS (Coop Norge), a leading retailer in Norway, with a market share of 33% and over 1,500 stores. As a part of the agreement, Wipro will transform Coop Norge's enterprise SAP software landscape and upgrade the company's data center infrastructure, geared towards achieving superior performance. This IT engagement will benefit supply chain and distribution operations at the Norwegian retailer, among other functions. It will enable Coop Norge to strengthen its move towards a more efficient operating model with increased reach and availability.

The transformative engagement leverages Wipro's new age technologies, frameworks and IP including ServiceNXT, the company's integrated Managed Services framework.

Wipro is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. The company delivers winning business outcomes through its deep industry experience and a 360 degree view of ‘Business through Technology’ - helping clients create successful and adaptive businesses.
source:ventura

 

BHARAT BIJLEE Q2 PAT Rs. 1 Cr. Vs Loss of Rs. 10Cr. YOY , Vs Loss of Rs. 5 Cr. qoq

 

Ashoka Buildcon’s 50:50 Consortium bags contract worth $38.11 million

The consortium has signed the contract agreement with Housing Development Corporation, Maldives
Ashoka Buildcon’s 50:50 Consortium with Mohan Mutha Exports, has bagged the EPC contract for development of Road Network for Hulhumalec Phase 2, Stage 1 ('Project') by Housing Development Corporation ('HDC'), Republic of Maldives, to be completed within 18 months. The estimated Cost of the Project as per HDC is $38.11 million. The consortium has signed the contract agreement with Housing Development Corporation, Maldives.

Ashoka Buildcon builds and operates roads and bridges in India on a build, operate and transfer (BOT) basis. It currently operates one of the highest numbers of toll-based BOT projects in India.
source:ventura

 

Ashoka Buildcon informs about receipt of first international EPC contract

Ashoka Buildcon has informed about receipt of First International EPC Contract worth $38.11 Million.

The above information is a part of company’s filings submitted to BSE.
source:ventura

 

NSE M&M FIN 5.03 LAKHS QUANTITY @ 228 VALUE Rs. 11.47 Cr. (BLOCK /BULK DEALS)

 

Sun TV Network reports 41% rise in Q2 net profit

The company’s total income has increased by 10.77% to Rs 588.44 crore for the quarter under review
Sun TV Network has reported results for second quarter ended September 30, 2015.

The company has reported 41.37% rise in its net profit at Rs 218.38 crore for the quarter ended September 30, 2015 as compared to Rs 154.47 crore for the same quarter in the previous year. The company’s total income has increased by 10.77% to Rs 588.44 crore for the quarter under review from Rs 531.22 crore for the corresponding quarter of the previous year.

Sun TV Network is engaged in producing and broadcasting satellite television and radio software programming in the regional languages of South India. Its flagship channel is Sun TV, which was the first fully privately owned Tamil channel in India when it emerged.
source:ventura

 

NSE THOMASCOOK 6,25,000 QUANTITY @ Rs. 210 Value 13.12 Cr. (BLOCK / BULK DEALS)

 

AMARARAJA BATT Q2 PAT Rs. 123 Cr. Vs Rs. 100 Cr. YOY , Vs Rs. 122 Cr. qoq

 

NSE ITC 4.07 Lacs quantity @ 356.75 value Rs. 14.52 Cr. (BLOCK / BULK DEALS)

 

DABUR Q2 CONS PAT Rs. 341 Cr. Vs Rs. 287 Cr. YOY , Vs Rs. 261 Cr. qoq

 

NSE PGHH 22000 SHARES @ Rs. 6120.05 VALUE Rs. 13.77 Cr. (BLOCK / BULK DEALS)

 

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Axisbank - 6.9 % down
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