LATEST BUSINESS NEWS

Consequently, the company ceases to hold any stake in Biomab

Cipla has completed the transfer formalities in relation to the divestment of its entire 25% stake held in Biomab Holding, Hong Kong (Biomab) on January 22, 2016. Consequently, the company ceases to hold any stake in Biomab.

Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 150 countries. Its portfolio includes 1500 plus products across therapeutic categories with one quality standard globally.
source : ventura

 

SOMANI CERAMICS Q3 PAT Rs.14cr vs Rs.11cr yoy, vs Rs.11cr qoq

 

INTELLECT DESIGN Q3 cons loss Rs.11cr vs loss of Rs.16cr yoy, vs loss of Rs.8cr qoq

 

KANSAI NEROLAC Q3 PAT Rs.84cr vs Rs.66cr yoy, vs Rs.97cr qoq

 

HDFC BANK Q3 PAT Rs.3357cr vs Rs.2795cr yoy, vs Rs.2869cr qoq

 

EVEREADY IND Q3 PAT Rs.17cr vs Rs.15cr yoy, vs Rs.14cr qoq

 

SUPREME IND Q2 cons PAT Rs.82cr vs Rs.35cr yoy, vs Rs.25cr qoq

 

COROMANDEL ENG Q3 PAT Rs.2cr vs loss of Rs.7cr yoy

 

KITEX GARMENTS Q3 PAT Rs.24cr vs Rs.23cr yoy, vs Rs.27cr qoq

 

COSMO FILMS Q3 cons PAT Rs.33cr vs Rs.5cr yoy, vs Rs.21cr qoq

 

MRF Q3 PAT Rs.388cr vs Rs.324cr yoy, vs Rs.461cr qoq

 

SUBROS Q3 PAT Rs.6cr vs Rs.4cr yoy, vs Rs.6cr qoq

 

MCLEOD RUSSEL Q3 PAT Rs,57cr vs Rs.80cr yoy, vs Rs.216cr qoq

 

Can Fin Homes to raise up to Rs 2,500 crore on private placement

The company has received an approval for issue of Secured Redeemable Non-Convertible Debentures, in tranches
Can Fin Homes has received an approval for issue of Secured Redeemable Non-Convertible Debentures, in tranches, on private placement basis up to a maximum of Rs 2,500 crore. The board of directors at its meeting held on January 22, 2016 has approved for the same.

Can Fin Homes is one of the top players in the housing finance sector, in the country today. The company, as on date, is having 110 branches and 28 satellite offices spread across various locations of the country.
source : ventura

 

Career Point launches Pre-school division 'Global Kids'

Leveraging its strong brand equity and having more than two decades of experience in delivering quality education, the company has ventured in to mentoring early childhood through Global Kids
Career Point has launched a Pre-school division - Global Kids. Leveraging its strong brand equity and having more than two decades of experience in delivering quality education, the company has ventured in to mentoring early childhood through Global Kids. The curriculum and pedagogy for academic and non-academic delivery have been designed exclusively to make Global Kids a distinguished brand with a core focus on all-round childhood development.

To attain a faster scale of operations and remain asset light, the company would be expanding through franchisee model. An active support system is already operational; however, the company would prefer to be evenly cautious in spreading network to maintain the superiority and achieve a leadership in the play-school space.

Career Point caters to the needs of a student throughout the life cycle of a student (KG. to PhD.) while operating in both the Formal and Informal education streams. In the informal Education system, Career Point has established a strong niche in test preparation and school curriculum tutoring.
source : ventura

 

27 Jan 2016 Quarterly Results :

AFL , ALFREDHE , ALKYLAMINE , AMALGAM , AMARNATH , AUTOPRD , BAJAJST , BEL
BERLDRG , BERYLSE , BIRLAMONEY , BLUESTINFO , COLPAL , DATABASE , DATASOFT
DHRUVES , DPL , ECOPLAST , EMAMIPAP , FRSHTRP , GNFC , GODREJCP , GRAPHITE
GUJNRECOKE , HEALTHTECH , HEG , HTMEDIA , IDFCBANK , INDAGIV , INFRATEL , IVEE
JUSTDIAL , KAJARIACER , KAUSHALYA , KIRLOSENG , KPRMILL , KSERASERA , LGBBROSLTD
LGBFORGE, MIRZAINT , MODINATUR , MPSLTD , MYSOREBANK , NATCAPSUQ , NATPLY , NEXTMEDIA , NEYVELILIG , NIDHGRN , NOCIL , ORTEL , PNTKYOR , POLYSPIN , POWERGRID
RANEENGINE , ROSEMER , SAFARIND , SAGCEM , SERIND , SHANTIGEAR , SICAPIT
SKMEGGPROD , SKSMICRO , SPCAPIT , SVGLOBAL , TATACOFFEE , UMANGDAIR
UNITDSPR , ZENOTECH

 

HCL Technologies acquires 100% stake in P2P

The company has also made acquisition of 100% stake in HCL Training and Staffing Services
HCL Technologies has acquired 100% stake in Point to Point and Point to Point Products (jointly referred to as P2P), the companies incorporated in UK, being a niche provider of complex workplace engineering services in the UK for cash of GBP 8.0 million.

The company has also made acquisition of 100% stake in HCL Training and Staffing Services (HCLTSS), a company incorporated in India, engaged in the business of rendering of training in the field of IT and ITES.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.
source : ventura

 

Apollo Energy Company, an Apollo Hospitals Group Company, has approved the divestment of 23.3%

shareholding in Apollo Munich Health Insurance Company (Apollo Munich) to its joint venture partner, Munich Re of Germany for Rs 163.5 crore. The proposed transaction values Apollo Munich at Rs 703 crore. Completion of the proposed transaction is subject to applicable regulatory approvals and execution of customary agreements, which is expected to be completed at the end of the first quarter of 2016.

Post consummation of the transaction, Apollo Hospitals Group’s shareholding in Apollo Munich shall stand reduced from 74.4% to 51.1%. Correspondingly, Munich Re’s shareholding in Apollo Munich shall move to 48.7% and 0.2% will be held by employees. Apollo Hospitals shall continue to hold its stake in Apollo Munich.
source : ventura

 

ujarat Fluorochemicals’ arm acquires 100% stake in Vinirrmaa Energy Generation

Consequently, Vinirrmaa Energy Generation has become step down subsidiary of Gujarat Fluorochemicals
Gujarat Fluorochemicals’ step-down subsidiary - Inox Wind Infrastructure Services, has acquired 100% of equity shares of Vinirrmaa Energy Generation with effect from January 23, 2016. Consequently, Vinirrmaa Energy Generation has become step down subsidiary of Gujarat Fluorochemicals.

Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.
source : ventura

 

Reliance Capital acquires more than 5% voting rights in Radiant Hues CRM Solutions

The company is planning to invest up to Rs 4.61 crore in Radiant Hues in tranches till May 2017
Reliance Capital has acquired more than 5% voting rights in Radiant Hues CRM Solutions. The company is planning to invest up to Rs 4.61 crore in Radiant Hues in tranches till May 2017.

Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
source : ventura