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Indian Overseas Bank is expecting to return to black as early as possible though its earlier target of posting profits. The bank expected to post profits during the April-June quarter.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Tech Mahindra has collaborated with Qualcomm Technologies, Inc. a subsidiary of Qualcomm Incorporated, to offer smart city solutions globally. The ‘Smart City Accelerator Program’ launched by Qualcomm Technologies in April, is aimed at connecting cities, government agencies and enterprises with service providers offering Qualcomm Technologies-based smart city solutions.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.

Thomas Cook India has launched 15 ‘must visit’ destinations to explore across India through its campaign #travelpledge2022. The company is aiming to bring domestic tourism into the spotlight.

The 15 places in bucket list destinations are Mawlynnong (Meghalaya), Taj Mahal (Agra), Forts and Monuments of Rajasthan (Jaipur, Jodhpur, Ajmer), Statue of Unity (Gujarat), Khajuraho (Madhya Pradesh), Rishikesh (Uttarakhand), Ladakh on a Motor Bike, Jim Corbett National Park (Uttarakhand), Konark Sun Temple (Odisha), Temples & Ganga Ghat of Varanasi (Uttar Pradesh), Kaziranga National Park (Assam), Gulmarg (Kashmir), Valley of flowers (Uttarakhand), Khajjiar (Himachal Pradesh) and Backwaters of Kerala.

Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.

Gokak Textiles’ subsidiary-- Gokak Power & Energy has kept the Hydro Power Plant closed, as the plant was flooded due to floods in Gokak Falls, District Belgaum, Karnataka State.

As the water level has subsided, the subsidiary company has appointed an Agency to evaluate the damaged caused to the Hydro Power Plant and advice remedial measures. 

Gokak Textiles’ principal activity is to manufacture and distribute textile products. The company's product range includes yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.   

Maruti Suzuki India is all set to proactively and voluntarily undertake a recall campaign for certain WagonR (1 litre) vehicles manufactured between November 15, 2018 and August 12, 2019. Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

The Company will inspect 40,618 vehicles of WagonR (1 litre) for a possible issue of fuel hose fouling with metal clamp. Starting August 24, 2019 owners of the suspected vehicles will be contacted by Maruti Suzuki dealers for inspection and replacement of the faulty parts, free of cost.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

Future Retail’s promoter -- Future Coupons has entered into a share subscription agreement and a shareholders’ agreement with Amazon.Com NV Investment Holdings LLC (Amazon). Pursuant to these agreements, Amazon has agreed to make an equity investment in Future Coupons for acquiring a 49% stake.

As part of the agreement, Amazon has been granted a call option. This call option allows Amazon to acquire all or part of the Promoters' shareholding in Future Retail, and is exercisable between the 3rd to 10th years, in certain circumstances, subject to applicable law.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

SpiceJet has reported the Passenger Load Factor (PLF) of 92.4% during the month of July 2019. The company had reported PLF of 93.7% during the month of June 2019.

The PLF is a key indicator of the company’s performance, as it measures the average percentage of seats filled on airline’s aircraft fleet.

SpiceJet is among the first private companies that stepped into the Indian aviation sector

InterGlobe Aviation (IndiGo) has reported the Passenger Load Factor (PLF) of 86.2% during the month of July 2019. The company had reported PLF of 90.1% during June 2019.

The PLF is a key indicator of the company’s performance, as it measures the average percentage of seats filled on airline’s aircraft fleet.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

Nilkamal has acquired balance 50% stake in Nilkamal Bito Storage Systems, a joint venture Company. Nilkamal Bito Storage Systems has now become the wholly owned subsidiary of the company.

Nilkamal is Asia's largest plastic processor of moulded products based in Mumbai, Maharashtra, India. It is also world's largest manufacturer of moulded furniture.

Blue Prism has partnered with Wipro to launch the new Wipro Automation Lab in Melbourne, Australia. Blue Prism is a strategic partner and principal sponsor of the lab, which has been designed to showcase the latest automation capabilities, including Blue Prism’s connected-RPA platform and intelligent automation solutions.

Wipro is a leading global information technology, consulting and business process services. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help clients adapt to the digital world and make them successful.

TVS Motor Company has extended service support for over 100,000 TVS Motor customers in flood-affected states of Gujarat, Maharashtra, Karnataka, Kerala, Tamil Nadu and states of North East India from August 26, 2019 to September 15, 2019. In addition, the company through its social arm, Srinivasan Services Trust (SST), has contributed over Rs 3 crore towards relief and recovery efforts for states affected by the recent floods.

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.

National Aluminium Company (NALCO) is reportedly keen on doubling its production within seven years and wanted to become one of the global leaders in alumina production. The company’s capacity stood at 4.6 million tonne as of now and is targeting to achieve 1.1 billion tonne by 2026.

NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.

Prime Focus has received an approval for sale of its business division, VFX business, as a going concern, on a slump sale basis, to DNEG Creative Services, a subsidiary of the Company, for a consideration of up to Rs 270 crore.

The Business Transfer agreement is expected to be executed within 120 days from August 22, 2019. The Board of directors of the company at its meeting held on August 22, 2019 has approved for the same.

Prime Focus the world’s largest independent integrated media services powerhouse, employs over 9,000 professionals in 19 cities across 5 continents and 7 time zones.

Indian Oil Corporation (IOC) has reportedly collaborated with Vellore Cooperative Sugar Mill to start a petrol pump at Ammundi. The outlet would be operated by IOC, which appointed staff on a contract basis. The mill management has provided the land and IOC took the initiative to set its retail outlet.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has entered into a partnership with California-based Guavus for artificial intelligence (AI) driven data analytics which would help enhance Jio's services to its customers and also address critical service operations.

Guavus' AI-based solutions will provide real-time customer experience analytics, predictive analytics to automate network troubleshooting and key marketing insights to Jio. As a result, Jio will be able to offer superior service to its customers while addressing critical service operations with intelligent automation.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Goodyear India will keep launching products for the passenger vehicles segment, including high performance tyres for SUVs, at regular intervals. The company, which has introduced two new tyres -- Assurance DuraPlus 2 and Wrangler AT SilentTrac, termed the current slowdown in the domestic market as cyclical and short-term.

Goodyear India is engaged in the manufacturing and marketing of automotive tyres, tubes and flaps. Automotive tyres include farm, truck and passenger tyres.

ZEE5, a video on demand website run by Zee Entertainment Enterprises, has launched second season of ‘Rangbaaz’ starring Jimmy Shergill and Gul Panag in the lead roles. Rangbaaz Season 2 is back with another story of a gangster. The nine-episode series narrates the tale of a dream gone wrong.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.

Maruti Suzuki India is pinning hopes on the festive season for a turn around in the auto industry irrespective of government help forthcoming or not. With some of the factors responsible for the slowdown in auto sales such as concern over monsoon and elections behind, the company is hopeful that revival in demand especially from rural markets and peak discounts along with new model launches will play a crucial role converting inquiries into real purchases.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

Tata Consultancy Services (TCS) is now accepting registrations for the second edition of TCS iON lntelliGem, a national-level contest for students in class 5 to 9.

TCS iON lntelliGem, which is structured as a test, helps young learners develop 21st century skills in five areas - Creativity and lnnovation, Communication, Financial Literacy, Universal Values, and Global Citizenship.

Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.

Bimetal Bearings has declared temporary dislocation of production activities ranging from 15 to 20 days on different days in various plants during the Calendar Quarter ending September 30, 2019, due to the severe down-ward situation prevailing in the Auto Ancillary Industry.

The company is aware that the present situation is aggravated due to stress in liquidity, financing of commercial vehicles, high GST rates, reduction in engine overhaul cycle apart from high interest costs which the industry is undergoing / facing in a never seen before crisis situation.

Bimetal Bearings offers metallurgy and friction material, aluminium tin and non-plated copper lead bearings, Bushings and Thrust Washer, Sintered and Bonded Strips, Copper Lead Sintered Strips and sintered strips under the brand name Bimite.

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GAIL 124.35 3.07%
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