HCL Tech in focus after arrangement with Xerox Corporation

HCL Technologies has entered into a shared services arrangement with Xerox Corporation pursuant to which Xerox will outsource (subject to compliance with European works council consultation and employment regulatory requirements) certain global administrative and support functions, including, among others, selected information technology and finance functions (excluding accounting). The announcement was made after market hours yesterday, 18 March 2019.

Aarti Industries said that the meeting of the Board of Directors of the company is scheduled on 22 March 2019 to consider and approve the issue price for equity shares to be allotted to the qualified institutional buyers in the proposed issue, including a discount, if any, as permitted under the SEBI ICDR Regulations. The announcement was made after market hours yesterday, 18 March 2019.

Majesco announced the acquisition of the India based insurance software business from its parent company, Majesco. The business will be acquired by Majesco's 100% subsidiary in India, Majesco Software And Solutions India (MSSIPL), and is subject to statutory approvals including approval of the shareholders of Majesco and shall be effective from 1 April 2019. The announcement was made after market hours yesterday, 18 March 2019.

Voltas has further strengthened its leadership position in the Cooling Products space, by launching its new range of Voltas Adjustable Inverter ACs. Voltas' Adjustable Inverter AC comes with the unique value proposition of 'Flexible Air Conditioning' that allows the user to switch from 1.5 Ton to 1 Ton capacity, and vice versa, depending on the ambient heat or number of people in the room; leading to savings and optimization of running cost. The announcement was made after market hours yesterday, 18 March 2019.

ISGEC Heavy Engineering has fixed 29 March 2019 as the record date for the purpose of sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each. The announcement was made after market hours yesterday, 18 March 2019.

Powered by Capital Market - Live News