Infosys in focus ahead of Q2 result

Shares of IT major Infosys will be in focus as the company unveils its Q2 result today, 12 October 2015.

Shares of Vedanta will be in focus. With reference to media reports titled Vedanta eyes Solar Energy Biz, plans to create 500 MW capacity, Vedanta after market hours on Friday, 9 October 2015 clarified that the company has no firm plans to enter the solar generation industry and termed the media reports as speculation.

Tata Steel announced after market hours on Friday, 9 October 2015 that its hot metal production rose 3% to 2.66 million tonnes in Q2 September 2015 over Q2 September 2014. Crude steel production rose 11% to 2.51 million tonnes in Q2 September 2015 over Q2 September 2014. Saleable steel production rose 9% to 2.41 million tonnes in Q2 September 2015 over Q2 September 2014. Deliveries rose 11% to 2.33 million tonnes in Q2 September 2015 over Q2 September 2014.

Ind-Swift Laboratories said that the board of directors of the company at its meeting held on 9 October 2015, has approved issue of 11.74 lakh equity shares of Rs 10 each at a premium of Rs 45.50 per share to the promoter's group on preferential basis against the promoters contribution infused by the promoters under the CDR package of the company. The announcement was made after market hours on Friday, 9 October 2015.

GMR Infrastructure's subsidiary Kakinada SEZ (KSEZ) signed a Memorandum of Understanding (MoU) with Japanese Major - JGC Corporation (JGC) for co-developing Japanese Oriented Food Processing Park (Park) at its Kakinada Special Economic Zone. The announcement was made on Sunday, 11 October 2015.

JGC and GMR Infrastructure will jointly undertake a detailed study for developing and operating the export oriented food processing park catering to various food and agro processing sectors like sea food, fruits & vegetables, pulses & grains, dairy and spices & nuts. The park is planned to be spread over an area of 300 acres having both value added and ready to eat products, GMR Infrastructure said.

Shares of Zensar Technologies will be in focus. Marina Holdco (FPI), a company backed by Funds advised by Apax Partners (Apax Funds, and together Apax) on Friday, 9 October 2015 announced the acquisition of 23.2% stake in Zensar Technologies (Zensar). The stake was acquired from Electra Partners Mauritius (Electra), an existing minority shareholder. RPG Group continues to be the promoter and the largest shareholder in the company with a 48% stake. Zensar and Apax made the announcement in a joint press release after market hours on Friday, 9 October 2015.

In association with Apax, the company expects to further focus on its key differentiated capabilities and achieve a leading position in the emerging offerings including E-commerce, Digital, Cloud and Mobility, the press release said.

Kolte-Patil Developers said that the board of directors of the company at its meeting held on 9 October 2015, has allotted 110, 15% Secured Redeemable Non-Convertible Debentures Series III having face value of Rs 1 crore each aggregating to Rs 110 crore through private placement. The announcement was made after market hours on Friday, 9 October 2015.

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