LATEST BUSINESS NEWS

Nse MOTHERSUMI 27.07 lacs @ 282.80 value 76.57 crs (Bulk / Block Deals )

 

Nse MOTHERSUMI 27.07 lacs @ 282.80 value 76.57 crs (Bulk / Block Deals )

 

Torrent Pharma gets UK’s MHRA nod to sell the generic version of Abilify tablets

It is also used as an add-on treatment in major depressive disorder, tic disorders and irritability associated with autism
Torrent Pharmaceuticals has received approval from the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) to sell the generic version of Abilify tablets, used in treatment of mental disorders.

While the drug is primarily used in the treatment of schizophrenia and bipolar disorder, it is also used as an add-on treatment in major depressive disorder, tic disorders and irritability associated with autism.

Torrent Pharmaceuticals is Flagship Company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, anti-infective and pain management segments.
source : ventura

 

HDFC Mutual Fund, Fidelity India buy 4.25% stake in Apar Industries

AIL Benefit Trust, promoter of the company, has sold 1.64 million shares via bulk deals
HDFC Mutual Fund and Fidelity India Fund have bought a combined 1.64 million shares representing 4.25% stake in Apar Industries for Rs 71.50 crore through open market. On November 16, 2015, HDFC Mutual Fund Bought 900,000 shares of the company through it’s various schemes at price of Rs 436 per share on NSE, while Fidelity India Fund purchased 735,387 shares of the company at Rs 436 a piece on BSE. Meanwhile, AIL Benefit Trust, the promoter of the company, has sold 1.64 million shares via bulk deals.

Apar Industries primarily operates in two segments i.e. transmission & distribution overhead conductors and transformer and specialty oils (TSO). It is the second-largest manufacturer of power conductors in India. The company is also engaged in the manufacture of electrical and telecom cables.
source : ventura

 

Rolta India appoints authorized distribution partner in Turkey

iTelligence Turkey will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView Enterprise Suite
Rolta India has appointed iTelligence Turkey - Elsys Bilgi Sistemleri A.S. as its authorized distributor in Turkey to extend its reach into this high growth market. iTelligence Turkey will promote Rolta solutions including BI and Big Data Analytics with a special focus on the flagship Rolta OneView Enterprise Suite. This suite uniquely integrates IT and OT systems to provide comprehensive ‘out-of-the-box’ BI and analytics with over 3000+ pre-built KPIs across verticals specifically designed for oil & gas, petrochemicals, chemicals and utilities verticals, amongst others.

iTelligence Turkey is a leading IT consulting and services company, the top SAP reseller and SAP HANA partner in Turkey and one of the top platinum partners of SAP globally. It is part of the iTelligence NTT Data Business Solutions organization that has 4500+ professionals globally.

Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.
source : ventura

 

MEP Infra gets nod to collect user fee of Ghaziabad-Hapur & Hapur Bypass Section

The company has received the LOA on November 16, 2015 from NHAI
MEP Infrastructure Developers has received National Highways Authority of India’s (NHAI) approval to collect user fee through Fee Collection Agency through competitive bidding through on e-tender basis only for Dasna Toll Plaza at Km 29.30 for the section from Km 27.643 to Km 48.638 & Bypass of 11.250 (Ghaziabad-Hapur & Hapur Bypass Section) on NH-24, in the State of Uttar Pradesh. The company has received the Letter of Acceptance (LOA) on November 16, 2015 from NHAI.

MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
source : ventura

 

The company has entered into a partnership with ‘Level 39’ to engage with startups working at the convergence of financial services and technology

Infosys has entered into a partnership with ‘Level 39’ -- Europe's largest technology accelerator, to engage with startups working at the convergence of financial services and technology. The company’s partnership comes close on the heels of the company becoming a member of Innovate Finance, an industry association for the global fintech sector in the UK.

Level 39 is located in the heart of Canary Wharf in London and is part of real estate major Canary Wharf Group. Level 39's tenants include a host of technology, media and telecommunication companies including Citihub, Ricoh and Oracle Financial Services.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.
source : ventura

 

Nse ONGC 9.93 lacs @ 226.95 value 22.54 crs (Bulk / Block Deals )

 

Nse STAR 2.25 lacs @ 1370 value 30.84 crs (Bulk / Block Deals )

 

Tata Power registers consolidated generation at 11,663 MUs in Q2FY16

The company together with all its subsidiaries achieved generation sales of 11,376 MUs of power
Tata Power has registered consolidated generation for the quarter which stood at 11,663 MUs. This marks a 6.5 percent increase in the company’s consolidated generation as compared to Q2FY15. Together with all its subsidiaries, the company achieved generation sales of 11,376 MUs of power from all its power plants during Q2.

The company continues to renew its focus on ‘clean and renewable energy’ generation capacities and restructured its renewable energy assets as part of its growth focus in the renewable energy space. The proposed structuring involves carving out of 500 MW of renewable assets of the Company to its subsidiary Tata Power Renewable Energy (TPREL) and its subsidiaries. Post structuring, the total installed capacity of TPREL will be about 720 MW with additional 250 MW under construction.

Tata Power, India's largest integrated power company, has always endeavoured to deliver exemplary performance across the social, economic and sustainable dimensions of business.
source : ventura

 

Nse TCS total 1.23 lacs @ 2380 value 29.27 crs (Bulk / Block Deals )

 

Ajanta Pharma launches Montelukast Sodium Oral Granules in US market

Montelukast Sodium Oral Granules (4mg) is a bioequivalent generic version of SINGULAIR Granules
Ajanta Pharma’s subsidiary - Ajanta Pharma USA Inc., has launched Montelukast Sodium Oral Granules (4mg), a bioequivalent generic version of SINGULAIR Granules, in the US market. The company offers Montelukast Granules in cartons containing 30 individual sachets.

The approval and launch of the Montelukast Granules is part of an ever-growing portfolio that Ajanta Pharma has developed for the US market. The United States Food & Drug Administration (USFDA) till date has granted five ANDA final approvals and two ANDA tentative approvals. An additional 19 ANDAs are pending approval from the USFDA.

Ajanta Pharma is a fully-integrated pharmaceutical company employing over 6,000 employees, engaged in developing, manufacturing and marketing of quality finished dosages across 35 countries.
source : ventura

 

Nse MCDOWELL-N 90 k @ 3450 value 31.09 crs (Bulk / Block Deals )

 

Nse M&M 53 k @ 1283.65 & 1.18 lacs @ 1281 total value 22.01 crs (Bulk / Block Deals )

 

TCS delivers SAP Transformation for Australian Pharmaceutical Industries

API’s national wholesale network and its 420 Priceline and Priceline Pharmacy stores are now operating on the SAP ERP platform
Tata Consultancy Services (TCS) has delivered a comprehensive IT and business transformation program for Australian Pharmaceutical Industries (API), a leading Australian health and beauty company.

In what is believed to be a world first for an SAP Enterprise Resource Planning (ERP) platform integration of this nature, TCS unified and enhanced mission-critical IT systems across API's retail, franchise and wholesale operations. API’s national wholesale network and its 420 Priceline and Priceline Pharmacy stores are now operating on the SAP ERP platform, which will provide enhanced customer service capabilities, improved logistics and finance processes as well as operational efficiencies.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.
source : ventura

 

Wockhardt reports over 29 fold jump in Q2 consolidated net profit

Total income of the company has increased by 22.60% at Rs 1222.50 crore for quarter under review
Wockhardt has reported results for second quarter ended September 30, 2015.

The company has reported a net loss of Rs 39.08 crore for the quarter ended September 30, 2015 as compared to net profit of Rs 365.94 crore for the same quarter in the previous year. The company’s total income has decreased by 36.11% to Rs 573.87 crore for the quarter under review from Rs 898.28 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over 29 fold jump in its net profit after taxes, minority interest and share of profit/(Loss) of associates at Rs 107.59 crore for the quarter ended September 30, 2015 as compared to Rs 3.63 crore for the same quarter in the previous year. Total income of the company has increased by 22.60% at Rs 1222.50 crore for quarter under review as compared to Rs 997.16 crore for the quarter ended September 30, 2014.
source : ventura

 

Videocon Industries to raise $97.20 million via FCCBs

Credit Suisse is the sole bookrunner for the offering
Videocon Industries is planning to raise $97.20 million (about Rs 641 crore) through five year Foreign Currency Convertible Bonds (FCCBs) due in 2020.

The company will make an application to the Singapore Exchange Securities Trading for the Bonds to be listed; and for in-principle approval for the shares to be issued upon conversion of the Bonds to be listed on the National Stock Exchange of India and the BSE.

The company has already obtained the approval of its shareholders by a special resolution passed on June 27, 2015 for issue of the Bonds and for issue of the shares upon conversion of the Bonds. Credit Suisse is the sole bookrunner for the offering.

Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.
source : ventura

 

Nse RELIANCE 1.50 lacs @ 932 value 13.98 crs (Bulk / Block Deals )

 

Ramco Systems enters into strategic partnership with ITC Infotech

The partnership will enable ITC Infotech to strengthen its aviation capabilities and expand its expertise in the HCM domain
Ramco Systems has entered into a strategic partnership with ITC Infotech, a leading global IT services & solutions company, and a fully owned subsidiary of ITC that will enable ITC Infotech to strengthen its aviation capabilities and expand its expertise in the Human Capital Management (HCM) domain. The partnership will also facilitate Ramco to expand its footprint across the commercial airlines space and further strengthen its client portfolio across key markets, including North America, Europe, Middle East & Africa and Asia-Pacific.

The partnership will enable ITC Infotech to extend its Aviation solution through Ramco’s MRO (Maintenance, Repair and Overhaul) offering, integrated with the latest technology stacks such as Cloud, Mobility and simplified user experience. This will enable ITC Infotech and Ramco to jointly provide comprehensive cloud-based applications, and enhance enterprise business solutions with latest innovations such as email based transactions, straight-through processing and real-time optimization with In-memory computing, among others.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.
source : ventura

 

Nse TATASTEEL 6.10 lacs @ 233.20 value 14.23 crs (Bulk / Block Deals )