LATEST BUSINESS NEWS

Subex launches ROC Fraud Management 8.3 Solution

The solution consolidates its array of 4G/LTE detection capabilities/packs that enable operators to stay ahead of fraudsters in a 4G environment
Subex, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), has launched a new version of the industry leading Fraud Management solution, ROC Fraud Management 8.3. ROC Fraud Management 8.3 brings with it online Statistical Rules that adds an additional layer of detection capability to the existing memory and statistical rule engines -- to facilitate enhanced real-time detection of complex fraud types. The solution also consolidates its array of 4G/LTE detection capabilities/packs that enable operators to stay ahead of fraudsters in a 4G environment.

The solution is now a part of the ROC 3.0 platform which is an integrated suite of products that provides capabilities going beyond traditional fraud detection & prevention and brings in numerous capabilities to optimize business processes and grow margins. ROC Fraud Management is optimized for Big Data and efficiently handles huge amounts of data -- to cater for exponential growth in transactions in 4G/LTE and data/IP product areas. Coupled with other architectural enhancements, ROC Fraud Management is now seeing 10X increase in performance over previous versions and enabling load handling of billions of xDRs per day.

Alongside the new version of ROC Fraud Management, Subex also introduces the Fraud Manager's Toolkit (FMT) which is a set of tools designed to provide enhanced operational intelligence & best practice measurement metrics to support fast decision making for fraud operations managers. In addition to the above features and functionalities, the Android and iOS applications of ROC Fraud Management 8.3 enable on-the-go fraud alerting and decisioning, supported by clean and simple MIS charts and streamlined intra-operational communications options.

Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
source : ventura

 

Atlanta secures LoA worth Rs 252 crore from NHIDCL

The LoA includes setting up of Four Laning of End of Moran Bypass (Km 561.700) to Bogibeel Junction (Km 580.778) of NII-37 in the State of Assam
Atlanta has secured the Letter of Award (LoA) worth Rs 252 crore from National Highways & Infrastructure Development Corporation (NHIDCL). The LoA includes setting up of Four Laning of End of Moran Bypass (Km 561.700) to Bogibeel Junction (Km 580.778) of NII-37 in the State of Assam under SARDP-NE Package (ii). The project involves construction period of 910 days.

Atlanta is a leading infrastructure company with proven track records of over three decades of experience in engineering, procurement, construction (EPC) and realty. It has presence in three of the country’s fastest growing segments -- infrastructure development, mining and realty.
source : ventura

 

Maruti Suzuki to open 250 Nexa outlets by 2016-17

The company is also planning to o launch 20 new products globally by 2020, of these, 15 will come to India
Maruti Suzuki India (MSIL) will open 250 Nexa outlets by 2016-17, from 100 now and double its employees in these outlets to 5,000. By 2020, the company is planning to open 400 Nexa outlets. The company is also planning to launch 20 new products globally by 2020, of these, 15 will come to India.

The Nexa channel was opened in July to sell premium cars and has sold 45,000 cars till now. As of now, the outlet sells only S-Cross and Baleno. So far, it has sold 28,000 units of Baleno and 17,000 units of S-Cross.

Maruti Suzuki India, country’s largest car maker, has registered a rise of 9.7% in its total car sales (Domestic + Export) for the month of November 2015 at 120,824 units, as against 110,147 units in 2014. The company’s domestic sales rose by 10.6% in November 2015 at 110,599 units, as against 100,024 units in corresponding month last year.
source : ventura

 

BASF India reports net loss of Rs 106.38 crore in Q3

Total income from operations of company has increased by 15.77% to Rs 1131.70 crore for the quarter under review
BASF India has reported results for third quarter ended December 31, 2015.

The company has reported net loss of Rs 106.38 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 39.59 crore for the same quarter in the previous year. However, total income from operations of company has increased by 15.77% to Rs 1131.70 crore for the quarter under review from Rs 977.56 crore for the corresponding quarter of the previous year.

BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.
source : ventura

 

SOUTH INDIA BANK Q3 PAT Rs.102cr vs Rs.88cr yoy, vs Rs.93cr qoq

 

Zensar Technologies reports marginal rise in Q3 consolidated net profit

Total income from operations of company has increased by 5.86% at Rs 762.03 crore for quarter under review
Zensar Technologies has reported results for third quarter ended December 31, 2015.

The company has reported modest 0.47 rise in its net profit at Rs 46.63 crore for the quarter ended December 31, 2015, as compared to Rs 46.41 crore for the same quarter in the previous year. Total income from operations of company increased by 6.61% to Rs 309.10 crore for the quarter under review from Rs 289.93 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 2.90% rise in its net profit at Rs 71.54 crore for the quarter ended December 31, 2015 as compared to Rs 69.52 crore for the same quarter in the previous year. Total income from operations of company has increased by 5.86% at Rs 762.03 crore for quarter under review as compared to Rs 719.87 crore for the quarter ended December 31, 2014.
source : ventura

 

Coal India to spend Rs 200 crore on technical up-gradation

The up-gradation will be in various areas including electronic fencing of mines on the lines of practices in advanced nations like US and Australia
Coal India will be initially spending Rs 200 crore on technical up-gradation in various areas including electronic fencing of mines on the lines of practices in advanced nations like US and Australia. The technical up-gradation includes fitting all trucks meant for carrying coal with GPS tracking devices within a month to check plunder of the dry-fuel.

The move comes against the backdrop of the world’s largest coal miner mandate to double its output to 1 billion tonne by 2020 to meet growing demand.

Coal India, the world’s largest coal miner, accounts for over 81 percent of domestic coal production.
source : ventura

 

Reliance Industries reports 39% rise in Q3 consolidated net profit

Total income of the company has decreased by 26.27% at Rs 70687.00 crore for quarter under review
Reliance Industries has reported results for third quarter ended December 31, 2015.

The company has reported 41.95% rise in its net profit at Rs 7218.00 crore for the quarter ended December 31, 2015 as compared to Rs 5085.00 crore for the same quarter in the previous year. However, the company’s total income has decreased by 28.74% to Rs 58856.00 crore for the quarter under review from Rs 82598.00 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 38.70% rise in its net profit after tax and minority interest nd Share of Profit of Associates of Rs 7290.00 crore for the quarter ended December 31, 2015 as compared to Rs 5256.00 crore for the same quarter in the previous year. However, total income of the company has decreased by 26.27% at Rs 70687.00 crore for quarter under review as compared to Rs 95868.00 crore for the quarter ended December 31, 2014.
source : ventura

 

Today (20.01.16) foll cos. will declare Q3 results : DHFL, Ultratech Cement, Reliance Infra, South India Bank, Tata Sponge, Tata Elxsi, Triveni Eng, Sasken, JSW Energy, Nucleus Software, NIIT, Menon Bearings, KPIT Tech, IBull Hsg, GATI, Edelweiss, Axis Bank
source: ventura

 

TATA ELXSI Q3 PAT Rs.40cr vs Rs.29cr yoy, vs Rs.38cr qoq

 

Greenply Industries reports 35% rise in Q3 net profit

Total income from operations of company increased by 7.26% to Rs 421.88 crore for the quarter under review
Greenply Industries has reported results for third quarter ended December 31, 2015.

The company has reported 35.25% rise in its net profit at Rs 35.34 crore for the quarter ended December 31, 2015 as compared to Rs 26.13 crore for the same quarter in the previous year. Total income from operations of company increased by 7.26% to Rs 421.88 crore for the quarter under review from Rs 393.33 crore for the corresponding quarter of the previous year.

Greenply Industries is engaged in manufacturing of plywood, laminates, decorative veneers, particle boards and prelam particle boards/MDF.
source: ventura

 

NIIT Q3 cons PAT Rs.14cr vs Rs.2cr yoy

 

ULTRATECH CEMENT Q3 standalone PAT Rs.508cr vs Rs.364cr yoy

 

DHFL Q3 PAT Rs.186cr vs Rs.160cr yoy, vs Rs.180cr qoq

 

EDELWEISS Q3 cons PAT Rs.106cr vs Rs.83cr yoy, vs Rs.96cr qoq

 

Gayatri Projects executes share purchase agreement to sell its stake in WUPTL

The transaction is expected to complete within 1-2 months, after which Cube Highways and Infrastructure will emerge the sole owner of WUPTL
Gayatri Projects (GPL) and its subsidiary Gayatri Infra Ventures (GIVL) along with NCC have executed a share purchase agreement with Cube Highways and Infrastructure to sell their entire 100% shareholding in Western UP Tollway (WUPTL). The transaction is expected to complete within 1-2 months, after which Cube Highways and Infrastructure, a unit of global infrastructure investment manager, I Squared Capital, will emerge the sole owner of WUPTL.

WUPTL is a four lane highway project connecting the Meerut - Muzaffarnagar section (from km 52.25 to km 131) of NH 58 in the state of Uttar Pradesh (UP) under the National Highway Development Project (NHDP). The project has been fully operational since October 2011 with 20 years tolling period based on a concession agreement executed with National Highway Authority of India (NHAI).

This divestment move is in line with GPL’s management efforts to monetize its road investments, which enables the company to reduce its debt burden and to go forward with a more asset-light approach.
source: ventura

 

EUROPEAN MARKETS UPDATE: FTSE-160, CAC-143, DAX-305

 

Tata Elxsi reports 40% rise in Q3 net profit

The company’s total income has increased by 23.57% to Rs 275.04 crore for the quarter under review
Tata Elxsi has reported results for third quarter ended December 31, 2015.

The company has reported 39.56% rise in its net profit at Rs 39.90 crore for the quarter ended December 31, 2015 as compared to Rs 28.59 crore for the same quarter in the previous year. The company’s total income has increased by 23.57% to Rs 275.04 crore for the quarter under review from Rs 222.58 crore for the corresponding quarter of the previous year.

Tata Elxsi provides system integration and software development. The company caters to various industries such as aerospace, consumer electronics, entertainment, FMCG, telecom etc.
source: ventura

 

RCom pays Rs 5,383.84 crore as liberalization fee to DoT

The payment is in relation to spectrum in the 800/850 MHz band held by it in 16 telecom circles
Reliance Communications (RCom) has paid an aggregate amount of Rs 5,383.84 crore as liberalization fee to Department of Telecommunications (DoT) in relation to spectrum in the 800/850 MHz band held by it in 16 telecom circles.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
source: ventura

 

FII/DII Activity 20/01/2016 Summary

Cash Segment:
FII’s: -1324.69 Crs

DII’s: 1383.14 Crs

Derivative Segment:
Index Futures: -86.9399 Crs

Index Options: 2608.4 Crs

Stock Futures: 646.96 Crs

Stock Options: -90.9897 Crs