TOP CORPORATE NEWS
L&T Construction
wins orders valued Rs1099 Crs
Larsen &
Toubro has announced that L&T Construction Wins Orders Valued Rs1099
Crores. The orders include Rs517 crores of T&D projects in both the
international and domestic markets. The buildings & factories business
secured an order worth Rs300 crores, which is primarily to design and
construction of an integrated foods manufacturing factory in Punjab. The water
smart world & communication business secured orders worth Rs 282 crores.
VHCL Inds bags export order
worth Rs27.50 cr
VHCL Industries
has bagged an export order worth Rs27.50 crore for compounded plastic recycled
granules from its customer Max Apex. The order has been revised by the same
customer from the tune of Rs20.50 crore on account of change in their
requirement. The company would like to correct the statement to reflect the
actual position. The company
would also like to disclose that as per the previous communication, it is
undergoing advanced negotiations through the authorized representative of the
Board Mr, Pank4 Valia for a stake sale with the same company who has placed
this order.
On Mobile unveils innovative
Ring back Tone application
On Mobile Global
announced that it has launched a new Ring back Tone (RBT) application. The app,
which is now “live” in Spain, showcases a series of ‘firsts'
and a great design and provides a truly compelling user experience. This new
product is currently available on Android and will soon be introduced on iOS.
This app introduces several new
features designed to increase user awareness of and engagement with this
product. Because it is subscription-based, the application gives users the
freedom to change the songs assigned to their contacts as often as they like.
Ashok Leyland May 2015
volumes up 40.1% (YoY) to 9,294 units
Ashok
Leyland today reported a 40.13% hike in total sales at 9,294 units in May as
against 6,632 units in the same period last year. Ashok Leyland medium &
heavy commercial vehicle (MHCV) volumes were up 41.1% to 6,892 units. Light
Commercial Vehicle ( LCV) volumes were up 37.4% YoY to 2,402 units. While MHCV
sales were in-line with estimates, the strong uptick in LCV sales was ahead of
our expectation.
KSS arm enters into MoU with
R-Mall
KSS has
announced that K Sera Sera Miniplex Ltd (KSSMPL), subsidiary of KSS Ltd has
entered into MOU with ' R-Mall' by Runwal Constructions (RC) for constructing
and operating four (1 Gold and 3 Pushback) miniplex screens and carrying on
other related activities of Entertainment/Education/E-Learning/F&B- under
the trade name ' K Sera Sera Miniplex' located at Ghodbunder Road, Near Runwal
Estate, Thane (W)- 400 601. This will take the count to 141 screens which are
signed up for miniplexes.
Mohit Inds board approves
demerger of AAC Blocks
Mohit Industries
announced that the Board of Directors of the Company at its meeting held on May
30, 2015, has considered and approved the proposal for the demerger of AAC
Blocks (Aerated Autoclave Concrete) Business into a Separate company in order
to achieve operational, and administrative efficiencies and with a view to
concentrate on the focused business, Facilitate Expansion, or any other
arrangement depending on the opportunity in the future.
Pratibha Industries surges as
Q4 robust execution boosts earnings
Shares of
Pratibha Industries surged 6% to Rs41.55 on NSE post Q4FY15 results as robust
execution boosts earnings despite higher interest burden. Revenue rise by 51.8%
YoY to Rs942 crore: Consolidated revenues of Pratibha Industries Ltd (PIL) rose
by 51.8% year on year (YoY) to Rs942 crore. Infrastructure and construction
division grew by 64.2%YoY to Rs905 crore. The manufacturing division on the
other hand posted a revenue of Rs0.6 crore as against Rs0.05 crore during
Q4FY2014.
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