·
Tech Mahindra signs agreement
to provide full end-to-end services
The North American
divisions of AAA Group, and Tech Mahindra, an Indian multinational specialized
in digital transformation, have signed an agreement to provide full end-to-end
solution services to their aerospace and defence customers, positive read-thru.
·
ADB lowers growth forecasts for
India, China
The Asian
Development Bank ( ADB) lowered growth projections for India for the current
fiscal to 7.4%, from the 7.8% earlier, citing weak monsoon, poor external
demand and inability of the government to push economic reforms. The ADB report
further said because of slowing growth in India and also China, the growth
forecasts for GDP in the region has been revised down to 5.8% in 2015 and 6% in
2016 from the March estimate of 6.3% for both years.
·
Suzlon bags 105 MW Turnkey
orders
Suzlon Energy Ltd
has informed regarding a Press Release dated September 23, 2015, titled 'New
order wins continue; Suzlon bags 105 MW Turnkey orders'.
·
Sterlite Tech acquires global
telecom software product company; stk up
Sterlite
Technologies has entered into a definitive agreement for the acquisition of
Elite core Technologies, a global telecom software product company.Elitecore is
a leading provider of Operations Support Services /Business Support Services
and is majority owned by First Carlyle Ventures Mauritius, whose affiliate is
advised by The Carlyle Group. Elite core was established in 1999 by highly
experienced software technocrats with over 20 years of experience.
·
Court directs Britannia to pay
pensioners their dues
BIL pensioners
have won a decade-long battle, after a Bengaluru court directed the biscuits
major to pay pensions to its former employees who retired after March 2003 and
also the triennial rise for them stopped in April 2004. Britannia had converted
the defined benefit pension scheme to defined contribution type with
retrospective effect, to deny the pensioners dues since 2003, going against the
existing fund rules. About 200 members of Pensioners Welfare Association
(approx 220+), who retired from BIL, have been fighting a protracted legal
battle with BIL against this retrospective change, contrary to their terms of
service and promises made.
·
Ujaas Energy gains on receiving
LoA worth Rs65.88 cr
Shares
of Ujaas Energy surged nearly 4%, touching to Rs16.14, after receiving a letter
of intent (LoI) for 10 megawatts of Teesta Canal Fall Hydroelectric Power
Plant, Haptiagachh, Uttar Dinajpur, West Bengal.
·
Lupin allotted 102129 equity
shares under ESOPs
Lupin Ltd has
informed that the Allotment Committee of Directors at its meeting held on
September 23, 2015 has allotted 102129 fully paid up equity shares of Rs2 each.
These shares have been allotted upon exercising of options granted to the
employees under Stock option plans of the Company. In view of the above, the
issued and paid up capital of the Company has been increased to Rs90,03,68,172
consisting 45,01,84,086 equity shares of Rs2 each.
