BPCL may drop ex-dividend

Shares of BPCL turn ex-dividend today, 28 August 2015, for dividend of Rs 22.50 per share for the year ended 31 March 2015.

Bank of India after market hours yesterday, 27 August 2015 said that its board of directors have decided to convene an extra-ordinary general meeting (EGM) of the shareholders of the bank on 28 September 2015, to get the shareholders approval for the preferential allotment of equity shares of the bank, aggregating to Rs 2455 crore, to the Government of India.

Lupin after market hours yesterday, 27 August 2015, announced that the company has received final approval from the United States Food and Drug Administration (USFDA) to market a generic version of AstraZeneca Pharmaceuticals LP's (AstraZeneca) Prilosec Delayed-Release capsules 40mg. Lupin's Omeprazole Delayed-Release capsules 40mg are the AB rated generic equivalent of AstraZeneca's Prilosec Delayed-Release capsules 40mg. The drug is indicated for the short-term treatment of Duodenal Ulcer, Gastric Ulcer, treatment of Gastro Esophageal Reflux Disease (GERD), maintenance of healing of Erosive Esophagitis and Pathological Hypersecretory conditions. Prilosec had annual sales of $185 million in the United States, according to IMS MAT June 2015 data.

Dr Reddy's Laboratories after market hours yesterday, 27 August 2015, announced senior level changes in its global management structure. Umang Vohra is moving out of the organization and has consequently stepped down from the position of Executive Vice President & Head North America Generics. Alok Sonig, Executive Vice President & Head India Generics will now take over as Executive Vice President & Head North America Generics. MV Ramana, who is currently Executive Vice President - Emerging Markets, has assumed additional charge and is now Executive Vice President & Head Branded Markets (India and Emerging countries).

Tube Investments of India (TII) after market hours yesterday, 27 August 2015, announced that it has signed up with Ridley Bikes Belgium, one of the leading Bicyle brands in Europe, to acquire the Brand Licensing rights for the brand Ridley for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Myanmar for a period of 33 years. The Licensing rights will strengthen the market share for TI Cycles of India in the Premium Bicyles division and will also establish Ridley as one of the leading global brands in India. TII said in a statement.

TTK Prestige said that the company has signed a long-term settlement with the Workers' Union at Company's Hosur unit at Tamil Nadu. This settlement provides for a superior productivity as compared to the earlier settlements, TTK Prestige said. The announcement was made after market hours yesterday, 27 August 2015.

Pincon Spirit said that the board of directors of the company at its meeting held on 26 August 2015, has recommended issue of bonus shares at the ratio of 1:1 to the existing shareholders of the company, out of the free reserves of the company, which is subject to the approval of the equity shareholders at the forthcoming Annual General Meeting of the company. The announcement was made after market hours yesterday, 27 August 2015.

Aksh Optifibre said that the Stakeholders Relationship Committee of the board of directors of the company at its meeting held yesterday, 27 August 2015, allotted 18.51 lakh equity shares of Rs 5 each, pursuant to the conversion of $498,000 foreign currency convertible bonds (FCCBs). The announcement was made after market hours yesterday, 27 August 2015.

Powered by Capital Market - Live News