Equity

Stock Alert

HCL Technologies in focus as board to consider buyback
(16-Mar-2017, 08:28 Hours IST)  

Shares of HCL Technologies will be in focus after the company said that a meeting of the board of directors of the company will be held on Monday, 20 March 2017, to consider, a proposal for buyback of the equity shares of the company. The announcement was made after market hours yesterday, 15 March 2017.

Wipro announced the opening of an Automotive Engineering Center (AEC) in Detroit. The center aims to drive innovation in connected vehicle concepts - design, product engineering, digital customer-vehicle experiences, artificial intelligence, and sensors-driven advanced vehicle data analytics. The announcement was made after market hours yesterday, 15 March 2017.

The Wipro's AEC is part of the company's vision to build a global network of delivery centers that offer best-in-class engineering and IT services, augmented by leading-edge automotive domain and digital solutions. The center will serve as a hub to support the automotive engineering and IT requirements of original equipment manufacturers (OEMs) and tier-I suppliers, based in North America.

Zee Entertainment Enterprises said that the company's board of directors has approved acquisition of 80% stake in technology startup Margo Networks for Rs 75 crore. The announcement was made after market hours yesterday, 15 March 2017.

Shares of Idea Cellular will be in focus after the company in clarification to reports about Idea to demerge tower business portfolio and sell majority stake in ATC, replied that there was no such proposal to sell majority stake in tower business. The announcement was made after market hours yesterday, 15 March 2017.

Container Corporation of India said that the company has fixed 6 April 2017 as the record date for ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:4 (one bonus share for every four shares held). The announcement was made after market hours yesterday, 15 March 2017.

Beardsell announced that its board at its meeting held on 15 March 2017, approved 5-for-1 stock split. The board approved issue of bonus shares in the ratio of one equity share of face value of Rs 2 each for every five existing equity shares of Rs 2 each (post stock split). The announcement was made after market hours yesterday, 15 March 2017.

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