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IndusInd Bank may gain on good Q2 results

IndusInd Bank's net profit rose 25.75% to Rs 704.26 crore on 23.97% increase in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016. It is to be noted that the was shut on Tuesday, 11 October 2016 and Wednesday, 12 October 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 899.01 crore as on 30 September 2016 as against Rs 860.64 crore as on 30 June 2016 and Rs 602.10 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.90% as on 30 September 2016 as against 0.91% as on 30 June 2016 and 0.77% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.37% as on 30 September 2016 as against 0.38% as on 30 June 2016 and 0.31% as on 30 September 2015. The bank's provisions and contingencies (excluding tax provisions) rose 35.29% to Rs 213.88 crore in Q2 September 2016 over Q2 September 2015.

IT major TCS announces Q2 today, 13 October 2016.

Shares of Mahindra & Mahindra (M&M) will be in focus. SsangYong Motor Company, part of the Mahindra group on Wednesday, 12 October 2016 announced that as a part of its effort to grow in China, the company signed a letter of intent with the Shaanxi Automobile Group for a joint venture that will establish a local production for CBU vehicles. The joint venture, which will become SsangYong's first overseas production base, in a 50/50 partnership with the Shaanxi Automobile Group, will construct production facilities for CBU vehicles and an engine plant. The first phase of construction will establish a plant with an annual capacity of 150,000 units per year by the end of 2019 and the second phase will involve an expansion of the facilities to 300,000 units annnually. Further, SsangYong will establish an automotive cluster with its major suppliers that will also enter the market, to ensure product competitiveness, and start the production of SsangYong's current models and models under development, in the second half of 2019.

announced on Wednesday, 12 October 2016, that it has notified The Bank of New York Mellon (Trustee) that all outstanding 7.25% perpetual non-cumulative subordinated debt securities (Notes) of the bank will be redeemed in full on 31 October 2016 (redemption date) at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest to the redemption date. The amount of accrued and unpaid interest with respect to the Notes to the redemption date will be $36.25 on each $1,000 of Notes. The redemption price including the amount of accrued and upaid interest with respect to the Notes for all outstanding Notes on the redemption date will be $1036.25 for each $1,000 of Notes. acting through its Bahrain branch had issued a $340,000,000 7.25% perpetual non-cumulative subordinated debt securities on 24 August 2006 with an optional redemption by the bank on 31 October 2016, or on any subsequent interest payment date.

Dr Reddy's Laboratories announced yesterday, 10 October 2016 that it has launched Lamotrigine Orally Disintegrating Tablets in 25 mg, 50 mg, 100 mg and 200 mg, a therapeutic equivalent generic version of Lamictal ODT (lamotrigine) Orally Disintegrating Tablets in the United States market approved by the United States Food & Drug Administration (USFDA). The Lamictal ODT brand and generic had US sales of approximately $65.5 million MAT for the most recent twelve months ended in July 2016 according to IMS Health. Lamictal ODT is a registered trademark of GSK group of companies. The announcement was made after market hours yesterday, 10 October 2016.

GAIL (India) on Monday, 10 October 2016, announced that it has received intimation from the Ministry of Petroleum and Natural Gas that the Cabinet Committee on Economic Affairs (CCEA) approved 40% capital grant (limited to Rs 5176 crore) of the estimated capital cost of Rs 12940 crore to GAIL (India) for execution Jagdishpur-Haldia/Bokaro-Dhamra gas pipeline (JHBDPL) project by 2020. The announcement was made after market hours on Monday, 10 October 2016

Tata Motors announced that the company is desirous of offering the fifth series of its rated, listed, unsecured, redeemable, non convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board of directors on 18 October 2016. The issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors resolution passed at its meeting held on 26 August 2016. The announcement was made on Wednesday, 12 October 2016.

Cipla announced that it has received Establishment Inspection Report (EIR) from the United States Food & Drugs Administration (USFDA) for its Indore facility indicating formal closure of the US FDA inspection conducted in July/August, 2015. The announcement was made on Wednesday, 12 October 2016.

HDFC announced that pursuant to the approval of the board of directors of the company at its meetings held previously, the company is contemplating, subject to market conditions, undertaking the fourth issuance of Rupee denominated bonds to overseas investors. The issue size of the bonds will be up to Rs 500 crore. The issue will open on 14 October 2016 and closes on the same day. The pricing and the tenure of the bonds to be issued pursuant to the said issue will be intimated in due course. The announcement was made before market hours today, 13 October 2016.

Majesco announced a partnership with Life.io, a digital consumer engagement platform, transforming how insurers relate to their customers through monitoring and analyzing their behavior, preferences and more through realtime data integration. The announcement was made on Wednesday, 12 October 2016.

Life.io helps insurers evolve to meet the needs of a new demographic of consumers, transforming how insurers relate to them by gaining insight that enables insurers to offer the right product at the right time based on their life-stage. The Life.io platform integrates with new technologies such as wearables and health applications to provide new sources of data to understand, assess, underwrite and service customers, encouraging healthy lifestyles while improving insurers' operational and risk management results.

As a part of this partnership, the two companies are integrating Life.io's Consumer Engagement platform into Majesco DigitalConnect and Majesco's core systems software to enhance the user-experience, improve risk management and support smarter selling and marketing of life insurance to consumers and customers throughout their life-stages. The Majesco DigitalConnect platform enables insurers to integrate new and innovative content, data, and collaboration capabilities together to provide a cohesive digital experience for an insurer's customers.

Blue Dart Express' net profit fell 20.68% to Rs 42.80 crore on 1.55% rise in total income to Rs 670.21 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016.

KEC International announced that it has secured new orders worth Rs 1192 crore. The announcement was made on Wednesday, 12 October 2016.

Sagar Cements announced that a meeting of the board of directors of the company is being convened to be held on 19 October 2016, to consider proposals for setting up of a coal based power plant at company's unit in Mattampally, Nalgonda district, Telangana and for expanding the capacity of the grinding unit in Bayyavaram, Vizag district, Andhra Pradesh and to raise funds for the purpose. The announcement was made on Wednesday, 12 October 2016.

Titan Company announced that the company is exploring opportunities in personal lifestyle categories. The company has since inception been exploring opportunities in personal lifestyle categories. One such category is special occasion ethnic wear for women which will now be piloted for understanding consumer attitudes and preferences. The pilot, which may include setting up a few stores, is expected to last about 12 months at the end of which the company will take a decision on the future course of action. The announcement was made on Wednesday, 12 October 2016.

Gruh Finance's net profit rose 19.86% to Rs 61.98 crore on 17.84% rise in total income to Rs 367.43 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 10 October 2016.

Asian Granito India (AGIL) announced on Wednesday, 12 October 2016 that it has completed a major expansion at its step subsidiary Crystal Ceramics Industries (Crystal Ceramics). AGIL acquired Artistique Ceramic in FY 2015-16 through amalgamation scheme which holds 70% in Crystal Ceramics through Kediya Ceramics. Kamlesh Patel, Chairman and Managing Director of AGIL said that acquisition of Crystal Ceramics was a strategic decision as along with the product range it also enjoyed a natural gas supply arrangement with ONGC which is significantly lower than the prevailing market price. With this expansion production capacity of Crystal Ceramics has reached 27,000 square meters a day, he said. The new plant will be making double charged vitrified tiles in the large format of 800x800 mm and 1000x1000 mm for domestic as well exports, Patel said. AGIL also has the required infrastructure for future expansion at Crystal Ceramics, he added.

IL&FS Engineering and Construction Company announced on Wednesday, 12 October 2016, that IL&FS Engineering Services has received the fax of acceptance (FOA) from Gas Authority of India (GAIL) for a pipeline laying contract worth Rs 162.58 crore.

Cera Sanitaryware announced on Wednesday, 12 October 2016 that commercial production at the company's associate LLP Packcart Packaging LLP has started successfully.

Borosil Glass Works announced on Wednesday, 12 October 2016 that the company has made an investment of Rs one million dirhams, equivalent to approximately Rs 1.82 crore by way of subscription in one additional share of Borosil Afrasia FZE, its wholly owned subsidiary in UAE, Dubai.

Jagran Prakashan announced that Music Braodcast Limited, subsidiary of the company has commenced broadcast from its radio station at Kanpur location (which was acquired under Phase 3 auctions held last financial year) on 10 October 2016. The country's leading radio network redefined radio entertainment in Kanpur with a power packed launch of Radio City Kanpur 104.8. The announcement was made on Tuesday,11 October 2016.

Polyplex Corporation announced that consequent upon sale of shares of Polyplex (Thailand) Public Company Limited, Thailand, by company's step down wholly owned subsidiary viz. Polyplex (Asia) Pte. Limited, Singapore, the effective stake of the company in Polyplex Thailand has decreased from 54.084% to 51%. The announcement was made after market hours on Friday, 10 October 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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IndusInd Bank may gain on good Q2 results

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IndusInd Bank's net profit rose 25.75% to Rs 704.26 crore on 23.97% increase in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016. It is to be noted that the was shut on Tuesday, 11 October 2016 and Wednesday, 12 October 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 899.01 crore as on 30 September 2016 as against Rs 860.64 crore as on 30 June 2016 and Rs 602.10 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.90% as on 30 September 2016 as against 0.91% as on 30 June 2016 and 0.77% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.37% as on 30 September 2016 as against 0.38% as on 30 June 2016 and 0.31% as on 30 September 2015. The bank's provisions and contingencies (excluding tax provisions) rose 35.29% to Rs 213.88 crore in Q2 September 2016 over Q2 September 2015.

IT major TCS announces Q2 today, 13 October 2016.

Shares of Mahindra & Mahindra (M&M) will be in focus. SsangYong Motor Company, part of the Mahindra group on Wednesday, 12 October 2016 announced that as a part of its effort to grow in China, the company signed a letter of intent with the Shaanxi Automobile Group for a joint venture that will establish a local production for CBU vehicles. The joint venture, which will become SsangYong's first overseas production base, in a 50/50 partnership with the Shaanxi Automobile Group, will construct production facilities for CBU vehicles and an engine plant. The first phase of construction will establish a plant with an annual capacity of 150,000 units per year by the end of 2019 and the second phase will involve an expansion of the facilities to 300,000 units annnually. Further, SsangYong will establish an automotive cluster with its major suppliers that will also enter the market, to ensure product competitiveness, and start the production of SsangYong's current models and models under development, in the second half of 2019.

announced on Wednesday, 12 October 2016, that it has notified The Bank of New York Mellon (Trustee) that all outstanding 7.25% perpetual non-cumulative subordinated debt securities (Notes) of the bank will be redeemed in full on 31 October 2016 (redemption date) at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest to the redemption date. The amount of accrued and unpaid interest with respect to the Notes to the redemption date will be $36.25 on each $1,000 of Notes. The redemption price including the amount of accrued and upaid interest with respect to the Notes for all outstanding Notes on the redemption date will be $1036.25 for each $1,000 of Notes. acting through its Bahrain branch had issued a $340,000,000 7.25% perpetual non-cumulative subordinated debt securities on 24 August 2006 with an optional redemption by the bank on 31 October 2016, or on any subsequent interest payment date.

Dr Reddy's Laboratories announced yesterday, 10 October 2016 that it has launched Lamotrigine Orally Disintegrating Tablets in 25 mg, 50 mg, 100 mg and 200 mg, a therapeutic equivalent generic version of Lamictal ODT (lamotrigine) Orally Disintegrating Tablets in the United States market approved by the United States Food & Drug Administration (USFDA). The Lamictal ODT brand and generic had US sales of approximately $65.5 million MAT for the most recent twelve months ended in July 2016 according to IMS Health. Lamictal ODT is a registered trademark of GSK group of companies. The announcement was made after market hours yesterday, 10 October 2016.

GAIL (India) on Monday, 10 October 2016, announced that it has received intimation from the Ministry of Petroleum and Natural Gas that the Cabinet Committee on Economic Affairs (CCEA) approved 40% capital grant (limited to Rs 5176 crore) of the estimated capital cost of Rs 12940 crore to GAIL (India) for execution Jagdishpur-Haldia/Bokaro-Dhamra gas pipeline (JHBDPL) project by 2020. The announcement was made after market hours on Monday, 10 October 2016

Tata Motors announced that the company is desirous of offering the fifth series of its rated, listed, unsecured, redeemable, non convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board of directors on 18 October 2016. The issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors resolution passed at its meeting held on 26 August 2016. The announcement was made on Wednesday, 12 October 2016.

Cipla announced that it has received Establishment Inspection Report (EIR) from the United States Food & Drugs Administration (USFDA) for its Indore facility indicating formal closure of the US FDA inspection conducted in July/August, 2015. The announcement was made on Wednesday, 12 October 2016.

HDFC announced that pursuant to the approval of the board of directors of the company at its meetings held previously, the company is contemplating, subject to market conditions, undertaking the fourth issuance of Rupee denominated bonds to overseas investors. The issue size of the bonds will be up to Rs 500 crore. The issue will open on 14 October 2016 and closes on the same day. The pricing and the tenure of the bonds to be issued pursuant to the said issue will be intimated in due course. The announcement was made before market hours today, 13 October 2016.

Majesco announced a partnership with Life.io, a digital consumer engagement platform, transforming how insurers relate to their customers through monitoring and analyzing their behavior, preferences and more through realtime data integration. The announcement was made on Wednesday, 12 October 2016.

Life.io helps insurers evolve to meet the needs of a new demographic of consumers, transforming how insurers relate to them by gaining insight that enables insurers to offer the right product at the right time based on their life-stage. The Life.io platform integrates with new technologies such as wearables and health applications to provide new sources of data to understand, assess, underwrite and service customers, encouraging healthy lifestyles while improving insurers' operational and risk management results.

As a part of this partnership, the two companies are integrating Life.io's Consumer Engagement platform into Majesco DigitalConnect and Majesco's core systems software to enhance the user-experience, improve risk management and support smarter selling and marketing of life insurance to consumers and customers throughout their life-stages. The Majesco DigitalConnect platform enables insurers to integrate new and innovative content, data, and collaboration capabilities together to provide a cohesive digital experience for an insurer's customers.

Blue Dart Express' net profit fell 20.68% to Rs 42.80 crore on 1.55% rise in total income to Rs 670.21 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016.

KEC International announced that it has secured new orders worth Rs 1192 crore. The announcement was made on Wednesday, 12 October 2016.

Sagar Cements announced that a meeting of the board of directors of the company is being convened to be held on 19 October 2016, to consider proposals for setting up of a coal based power plant at company's unit in Mattampally, Nalgonda district, Telangana and for expanding the capacity of the grinding unit in Bayyavaram, Vizag district, Andhra Pradesh and to raise funds for the purpose. The announcement was made on Wednesday, 12 October 2016.

Titan Company announced that the company is exploring opportunities in personal lifestyle categories. The company has since inception been exploring opportunities in personal lifestyle categories. One such category is special occasion ethnic wear for women which will now be piloted for understanding consumer attitudes and preferences. The pilot, which may include setting up a few stores, is expected to last about 12 months at the end of which the company will take a decision on the future course of action. The announcement was made on Wednesday, 12 October 2016.

Gruh Finance's net profit rose 19.86% to Rs 61.98 crore on 17.84% rise in total income to Rs 367.43 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 10 October 2016.

Asian Granito India (AGIL) announced on Wednesday, 12 October 2016 that it has completed a major expansion at its step subsidiary Crystal Ceramics Industries (Crystal Ceramics). AGIL acquired Artistique Ceramic in FY 2015-16 through amalgamation scheme which holds 70% in Crystal Ceramics through Kediya Ceramics. Kamlesh Patel, Chairman and Managing Director of AGIL said that acquisition of Crystal Ceramics was a strategic decision as along with the product range it also enjoyed a natural gas supply arrangement with ONGC which is significantly lower than the prevailing market price. With this expansion production capacity of Crystal Ceramics has reached 27,000 square meters a day, he said. The new plant will be making double charged vitrified tiles in the large format of 800x800 mm and 1000x1000 mm for domestic as well exports, Patel said. AGIL also has the required infrastructure for future expansion at Crystal Ceramics, he added.

IL&FS Engineering and Construction Company announced on Wednesday, 12 October 2016, that IL&FS Engineering Services has received the fax of acceptance (FOA) from Gas Authority of India (GAIL) for a pipeline laying contract worth Rs 162.58 crore.

Cera Sanitaryware announced on Wednesday, 12 October 2016 that commercial production at the company's associate LLP Packcart Packaging LLP has started successfully.

Borosil Glass Works announced on Wednesday, 12 October 2016 that the company has made an investment of Rs one million dirhams, equivalent to approximately Rs 1.82 crore by way of subscription in one additional share of Borosil Afrasia FZE, its wholly owned subsidiary in UAE, Dubai.

Jagran Prakashan announced that Music Braodcast Limited, subsidiary of the company has commenced broadcast from its radio station at Kanpur location (which was acquired under Phase 3 auctions held last financial year) on 10 October 2016. The country's leading radio network redefined radio entertainment in Kanpur with a power packed launch of Radio City Kanpur 104.8. The announcement was made on Tuesday,11 October 2016.

Polyplex Corporation announced that consequent upon sale of shares of Polyplex (Thailand) Public Company Limited, Thailand, by company's step down wholly owned subsidiary viz. Polyplex (Asia) Pte. Limited, Singapore, the effective stake of the company in Polyplex Thailand has decreased from 54.084% to 51%. The announcement was made after market hours on Friday, 10 October 2016.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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IndusInd Bank may gain on good Q2 results

IndusInd Bank's net profit rose 25.75% to Rs 704.26 crore on 23.97% increase in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016. It is to be noted that the stock market was shut on Tuesday, 11 October 2016 and Wednesday, 12 October 2016.

IndusInd Bank's net profit rose 25.75% to Rs 704.26 crore on 23.97% increase in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016. It is to be noted that the was shut on Tuesday, 11 October 2016 and Wednesday, 12 October 2016.

The bank's gross non-performing assets (NPAs) stood at Rs 899.01 crore as on 30 September 2016 as against Rs 860.64 crore as on 30 June 2016 and Rs 602.10 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 0.90% as on 30 September 2016 as against 0.91% as on 30 June 2016 and 0.77% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.37% as on 30 September 2016 as against 0.38% as on 30 June 2016 and 0.31% as on 30 September 2015. The bank's provisions and contingencies (excluding tax provisions) rose 35.29% to Rs 213.88 crore in Q2 September 2016 over Q2 September 2015.

IT major TCS announces Q2 today, 13 October 2016.

Shares of Mahindra & Mahindra (M&M) will be in focus. SsangYong Motor Company, part of the Mahindra group on Wednesday, 12 October 2016 announced that as a part of its effort to grow in China, the company signed a letter of intent with the Shaanxi Automobile Group for a joint venture that will establish a local production for CBU vehicles. The joint venture, which will become SsangYong's first overseas production base, in a 50/50 partnership with the Shaanxi Automobile Group, will construct production facilities for CBU vehicles and an engine plant. The first phase of construction will establish a plant with an annual capacity of 150,000 units per year by the end of 2019 and the second phase will involve an expansion of the facilities to 300,000 units annnually. Further, SsangYong will establish an automotive cluster with its major suppliers that will also enter the market, to ensure product competitiveness, and start the production of SsangYong's current models and models under development, in the second half of 2019.

announced on Wednesday, 12 October 2016, that it has notified The Bank of New York Mellon (Trustee) that all outstanding 7.25% perpetual non-cumulative subordinated debt securities (Notes) of the bank will be redeemed in full on 31 October 2016 (redemption date) at a redemption price equal to 100% of the principal amount thereof plus accrued and unpaid interest to the redemption date. The amount of accrued and unpaid interest with respect to the Notes to the redemption date will be $36.25 on each $1,000 of Notes. The redemption price including the amount of accrued and upaid interest with respect to the Notes for all outstanding Notes on the redemption date will be $1036.25 for each $1,000 of Notes. acting through its Bahrain branch had issued a $340,000,000 7.25% perpetual non-cumulative subordinated debt securities on 24 August 2006 with an optional redemption by the bank on 31 October 2016, or on any subsequent interest payment date.

Dr Reddy's Laboratories announced yesterday, 10 October 2016 that it has launched Lamotrigine Orally Disintegrating Tablets in 25 mg, 50 mg, 100 mg and 200 mg, a therapeutic equivalent generic version of Lamictal ODT (lamotrigine) Orally Disintegrating Tablets in the United States market approved by the United States Food & Drug Administration (USFDA). The Lamictal ODT brand and generic had US sales of approximately $65.5 million MAT for the most recent twelve months ended in July 2016 according to IMS Health. Lamictal ODT is a registered trademark of GSK group of companies. The announcement was made after market hours yesterday, 10 October 2016.

GAIL (India) on Monday, 10 October 2016, announced that it has received intimation from the Ministry of Petroleum and Natural Gas that the Cabinet Committee on Economic Affairs (CCEA) approved 40% capital grant (limited to Rs 5176 crore) of the estimated capital cost of Rs 12940 crore to GAIL (India) for execution Jagdishpur-Haldia/Bokaro-Dhamra gas pipeline (JHBDPL) project by 2020. The announcement was made after market hours on Monday, 10 October 2016

Tata Motors announced that the company is desirous of offering the fifth series of its rated, listed, unsecured, redeemable, non convertible debentures (NCDs) aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted committee of the board of directors on 18 October 2016. The issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th Annual General Meeting of the company held on 9 August 2016 and the board of directors resolution passed at its meeting held on 26 August 2016. The announcement was made on Wednesday, 12 October 2016.

Cipla announced that it has received Establishment Inspection Report (EIR) from the United States Food & Drugs Administration (USFDA) for its Indore facility indicating formal closure of the US FDA inspection conducted in July/August, 2015. The announcement was made on Wednesday, 12 October 2016.

HDFC announced that pursuant to the approval of the board of directors of the company at its meetings held previously, the company is contemplating, subject to market conditions, undertaking the fourth issuance of Rupee denominated bonds to overseas investors. The issue size of the bonds will be up to Rs 500 crore. The issue will open on 14 October 2016 and closes on the same day. The pricing and the tenure of the bonds to be issued pursuant to the said issue will be intimated in due course. The announcement was made before market hours today, 13 October 2016.

Majesco announced a partnership with Life.io, a digital consumer engagement platform, transforming how insurers relate to their customers through monitoring and analyzing their behavior, preferences and more through realtime data integration. The announcement was made on Wednesday, 12 October 2016.

Life.io helps insurers evolve to meet the needs of a new demographic of consumers, transforming how insurers relate to them by gaining insight that enables insurers to offer the right product at the right time based on their life-stage. The Life.io platform integrates with new technologies such as wearables and health applications to provide new sources of data to understand, assess, underwrite and service customers, encouraging healthy lifestyles while improving insurers' operational and risk management results.

As a part of this partnership, the two companies are integrating Life.io's Consumer Engagement platform into Majesco DigitalConnect and Majesco's core systems software to enhance the user-experience, improve risk management and support smarter selling and marketing of life insurance to consumers and customers throughout their life-stages. The Majesco DigitalConnect platform enables insurers to integrate new and innovative content, data, and collaboration capabilities together to provide a cohesive digital experience for an insurer's customers.

Blue Dart Express' net profit fell 20.68% to Rs 42.80 crore on 1.55% rise in total income to Rs 670.21 crore in Q2 September 2016 over Q2 September 2015. The result was announced on Wednesday, 12 October 2016.

KEC International announced that it has secured new orders worth Rs 1192 crore. The announcement was made on Wednesday, 12 October 2016.

Sagar Cements announced that a meeting of the board of directors of the company is being convened to be held on 19 October 2016, to consider proposals for setting up of a coal based power plant at company's unit in Mattampally, Nalgonda district, Telangana and for expanding the capacity of the grinding unit in Bayyavaram, Vizag district, Andhra Pradesh and to raise funds for the purpose. The announcement was made on Wednesday, 12 October 2016.

Titan Company announced that the company is exploring opportunities in personal lifestyle categories. The company has since inception been exploring opportunities in personal lifestyle categories. One such category is special occasion ethnic wear for women which will now be piloted for understanding consumer attitudes and preferences. The pilot, which may include setting up a few stores, is expected to last about 12 months at the end of which the company will take a decision on the future course of action. The announcement was made on Wednesday, 12 October 2016.

Gruh Finance's net profit rose 19.86% to Rs 61.98 crore on 17.84% rise in total income to Rs 367.43 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 10 October 2016.

Asian Granito India (AGIL) announced on Wednesday, 12 October 2016 that it has completed a major expansion at its step subsidiary Crystal Ceramics Industries (Crystal Ceramics). AGIL acquired Artistique Ceramic in FY 2015-16 through amalgamation scheme which holds 70% in Crystal Ceramics through Kediya Ceramics. Kamlesh Patel, Chairman and Managing Director of AGIL said that acquisition of Crystal Ceramics was a strategic decision as along with the product range it also enjoyed a natural gas supply arrangement with ONGC which is significantly lower than the prevailing market price. With this expansion production capacity of Crystal Ceramics has reached 27,000 square meters a day, he said. The new plant will be making double charged vitrified tiles in the large format of 800x800 mm and 1000x1000 mm for domestic as well exports, Patel said. AGIL also has the required infrastructure for future expansion at Crystal Ceramics, he added.

IL&FS Engineering and Construction Company announced on Wednesday, 12 October 2016, that IL&FS Engineering Services has received the fax of acceptance (FOA) from Gas Authority of India (GAIL) for a pipeline laying contract worth Rs 162.58 crore.

Cera Sanitaryware announced on Wednesday, 12 October 2016 that commercial production at the company's associate LLP Packcart Packaging LLP has started successfully.

Borosil Glass Works announced on Wednesday, 12 October 2016 that the company has made an investment of Rs one million dirhams, equivalent to approximately Rs 1.82 crore by way of subscription in one additional share of Borosil Afrasia FZE, its wholly owned subsidiary in UAE, Dubai.

Jagran Prakashan announced that Music Braodcast Limited, subsidiary of the company has commenced broadcast from its radio station at Kanpur location (which was acquired under Phase 3 auctions held last financial year) on 10 October 2016. The country's leading radio network redefined radio entertainment in Kanpur with a power packed launch of Radio City Kanpur 104.8. The announcement was made on Tuesday,11 October 2016.

Polyplex Corporation announced that consequent upon sale of shares of Polyplex (Thailand) Public Company Limited, Thailand, by company's step down wholly owned subsidiary viz. Polyplex (Asia) Pte. Limited, Singapore, the effective stake of the company in Polyplex Thailand has decreased from 54.084% to 51%. The announcement was made after market hours on Friday, 10 October 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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