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Tuesday, December 17, 2019

Company updates 17.12.19

ASHIANA HOUSING LTD

Carporate Announcement About Conversion of 'Expression of Interest' into Booking of "Ashiana Daksh" Project at Jaipur [Rajasthan]

We are pleased to inform you that we have converted 322 'Expression of Interests' into booking out of the total 478 units available in Phase 1 & 2 of the project 'Ashiana Daksh'. As on date area of 3,75,232 sq. ft. out of the total area of 5,60,504 sq. ft. have been booked. The conversions are in progress and we expect more conversions in near future.

"Ashiana Daksh" project has a total saleable area .~f 6,77,816 sq. ft. The project consists of 2 BHK and 3 BHK units and is located at Jagatpura near Akshay Patra temple, Jaipur (Rajasthan). 

ATHISHAY LTD

Atishay Limited has received the work order from the Office of the Collector and District Election Officer, Bhopal (M.P.)

AXISCADES ENGINEERING

AXISCADES wins key Engagement with Airbus

AXISCADES, a leading Engineering technology solutions company has announced that it has been selected by Airbus to work on Fuselage, Product development and Customer support services across different Airbus locations

This is the third time Airbus has selected AXISCADES for critical engineering services and the contract was won amongst stiff global competition across major engineering services firms across the industry.

Since its incubation in 2011, the AXISCADES and Airbus engagement has evolved to cater to increasingly crucial projects with the aerospace major. Over the past few years, the company has been investing heavily in catering to new trends in the industry and has been delivering cutting edge services spanning different areas of aerospace engineering.

ELGI EQUIPMENTS 

ELGI Acquires Michigan Air Solutions and Expands its Presence in the North American Air Compressor Market

WIPRO LTD

Wipro recognized as Top Employer 2020 in Australia

A leading global information technology, consulting and business process services company, today announced that it has been recognised by the Top Employers Institute as a Top Employer in Australia, for 2020

The Top Employers lnstitute Global Certification Programme is a prestigious certification in the region and has recognised more than 1500 Top Employers in 1 18 countries across five continents. The assessment is based on an HR Best Practice Survey that encompasses over 100 questions covering 600'People Development'practices across 10 topics. These include: Talent Strategy, Workforce Planning, Talent Acquisition, On-boarding, Learning & Development, Performance Management, Leadership Development, Career & Succession Management, Compensation & Benefits and Culture. Organizations certified as Top Employers provide the very best working environment for employees through their progressive 'people-first' HR practices.

TCS

Tcs Named the No 1 Top Employer in Asia Pacific for second Year in a Row

TCS has been recognized as the Number One Top Employer in Asia Pacific for 2O2O by the Top Employers lnstitute. TCS received the ranking for the second year in a row.

With over 450,000 employees representin gL46 nationalities, and with women making up over 36 percent of the workforce, TCS has one of the largest and most diverse workforces in the lT industry. Its large-scale digital reskilling initiative has resulted in over 32O,OOO employees getting trained in digital technologies and over 390,000 employees trained in Agile methodologies. These investments and progressive people policies have resulted in a vibrant workplace with a best-inclass retention rate of 88.4 percent in lT services.

SURYA LAKSHMI COTTON MILLS

Functioning of the Company’s garment division having become unviable on account of lack of demand / reduced margins, due to cheaper imports of Garments from Bangladesh, Sri Lanka, etc., under FTA, higher labour cost, the Board of Directors of the Company in its meeting held on 16/12/2019 has resolved to close down the operations of the Garment Unit and dispose of the Assets. The Managing Director has been authorized to take the necessary steps in this connection including identifying and negotiating with the parties for disposal of the Assets.

QUICK HEAL TECHNOLOGIES

Quick Heal Technologies, one of the leading providers of IT Security and Data Protection solutions to consumers, businesses and Government, has announced a strategic partnership with Big C Mobiles (South India’s most trusted mobile retail chain). The partnership will enable Quick Heal to tap into Big C’s vast retail presence of over 225+ mobile stores in Andhra Pradesh & Telangana and increase the adoption of next-generation mobile security solutions in the region. 

Big C Mobiles is the No.1 retail chain for smartphones and mobiles in AP & Telangana. With this partnership, customers in the region will be able to experience and access Quick Heal Total Security for Android, the flagship offering from the most trusted and preferred brand in India. Experts at Big C Mobiles will also educate customers about the various benefits that they stand to avail by securing their mobile devices with this next-generation mobile security solution.

NBCC

Execution of MoU between NBCC (India) Limited and Odisha Thermal Power Corporation Limited (OTPCL), Bhubaneswar, Odisha

This is to inform that Odisha Thermal Power Corporation Limited (OTPCL), Bhubaneswar has signed the MoU for award of civil construction and various developmental works of thermal power plant to NBCC (India) Limited. 

The total estimated cost of the project is Rs. 200 crores (approx). 

MINDTREE

Mindtree Launches an Immersive Technologies Experience Center in Collaboration with PTC

Mintree today announced that it has established a new India-based center of excellence, called Immersive Aurora, as a site to develop immersive technology experiences. The company is collaborating with global software company PTC to unleash new possibilities and transform interactions throughout the customer experience and Industry 4.0 touchpoints

Investments in augmented, virtual and mixed reality are reshaping experiences across consumer interactions, sales and marketing, design, training, service and data visualization. Mindtree and PTC will explore opportunities for global clients to implement immersive technology experiences more broadly across their businesses through the combination of Mindtree’s Immersive Aurora and PTC’s market-leading Vuforia® industrial augmented reality (AR) solution.

“Mindtree, with its deep digital expertise, has been at the forefront of helping enterprises deliver enhanced and contextual experiences to their end clients,” said Debashis Chatterjee, CEO of Mindtree. “By launching Immersive Aurora and partnering with PTC, Mindtree is well-positioned to help our clients rapidly unlock value from their technology investments just as the convergence of the physical and virtual worlds is accelerating.” 

“Immersive technologies can drive tangible business value, but many clients don’t know which applications will have the most meaningful return on investment and, candidly, they often don’t know where to start on their digital transformation journeys,” said Jim Heppelmann, president and CEO, PTC. “Through this strategic collaboration with Mindtree, we’ll be better positioned to help customers quickly identify those AR use-cases that can deliver the most value and then help them scale those solutions across their respective businesses.” 

LUPIN

Lupin announces completion of Kyowa divestiture to Unison

Pharma major Lupin Limited (Lupin) announced that its subsidiary, Nanomi B.V. has completed the divestiture of the entire stake (99.82%) in Kyowa Pharmaceutical Industry Co. Ltd. (Kyowa) to Unison Capital Partners IV, LPS and Unison Capital Partners IV (F). L.P. (collectively referred to as ‘Unison’), pursuant to the satisfactory completion of all customary closing conditions. The divestiture which valued Kyowa at an Enterprise Value of JPY 57,361 million, was announced on November 11, 2019 and approved by Lupin’s shareholders

The transaction generates post tax net cash inflow of approximately JPY 33,429 million (Rs 21,576 million) and significantly strengthens Lupin’s consolidated balance sheet: 

• Net debt of the company reduces from Rs. 43,618 million (as on September 30, 2019) to Rs.10,753 million 
• Net debt to equity ratio now stands at 0.08 as compared to 0.32

KAKATIYA CEMENT

Acquisition of 0.06% shares in Kakatiya Cement Sugar & Industries Ltd
promoters regarding acquisition of, 4,458 shares constituting 0.06% of the Company’s shares, we are enclosing the prescribed formats in terms of Regulation 29(2) of SEB! (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Form-C under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 duly submitted by Shri Veeraiah Pallempati.

This is to inform you that I have acquired 4,458 shares amounting to 0.06% of the share capital of the target company M/s. Kakatiya Cement Sugar & Industries Ltd., Hyderabad. With this acquisition of 0.06%, my total shareholding goes up from 45.51% to 45.57% in the target company.

HFCL LTD

we wish to inform you that as contemplated in the aforesaid announcement, the Company has completed the acquisition of balance 50.10% of the Equity Shares in DragonWave HFCL India Private Limited [CIN: U64200DL2010PTC211117] ("DHIPL"), a joint venture company, from DragonWave Pte. Ltd., Singapore, JV Party, at a total consideration of Rs.2.25 crores, pursuant to mutual cessation of the Joint Venture Agreement dated October 18, 2010, thereby making it a wholly-owned subsidiary of the Company, w.e.f. December 17, 2019. 

HEALTHCARE GLOBAL ENTRPRISE

India’s leading provider of cancer care, today announced the launch of the first private comprehensive centre dedicated to Cancer care in Borivali, Mumbai. The 105 bedded centres with dedicated team of specialists in oncology will provide comprehensive diagnosis, radiation, medical and surgical oncology services under one roof. The centre was inaugurated by cancer winner and actor Ms. Manisha Koirala along with Dr. BS Ajaikumar, Chairman & CEO, HCG.