Infosys in focus on securing contract from BP

Infosys said after market hours on Thursday, 4 September 2014, that it has been selected by BP to provide IT services, in particular application support and development to BP. This includes BP's corporate functions, upstream, and downstream segments, energy trading and marketing. The agreement is effective 1 September 2014.

Axis Bank said after market hours on Thursday, 4 September 2014, that following receiving approval of Reserve Bank of India, Sanjeev Kumar Gupta has taken charge as Executive Director of the bank with effect from 4 September 2014. The Board at its meeting held on 27 June 2014 had decided to appoint Sanjeev Kumar Gupta, President & CFO as an Executive Director of the bank with effect from the date as approved by Reserve Bank of India.

Tata Power Company said after market hours on Thursday, 4 September 2014, that in its pronouncement on 4 September 2014, the Appellate Tribunal for Electricity has stayed Maharashtra Electricity Regulatory Commission's order which had no restrictions for consumers of all categories to make a choice of switching to Tata Power distribution services in Mumbai. The choice of multiple distributors in Mumbai was to facilitate consumers to get the benefit of competitive services available through different service providers. The detailed order is awaited. The company looks forward to continue to serve Mumbaikars with choice of reliable and superior customer services, Tata Power Company said.

Tech Mahindra after market hours on Thursday, 4 September 2014 announced that it has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.

Kristopher Pinnow, Vice-President, Chief Procurement Officer of Bombardier Aerospace said "Our focus shall be on supporting more efficiently the existing platforms while developing newer products in a cost effective manner.

Private equity firm Providence Equity Partners through its investment arm P5 Asia Investment (Mauritius) sold 8.50 crore shares of Idea Cellular at Rs 166.35 per share in a bulk deal on BSE on Thursday, 4 September 2014. Europacific Growth Fund purchased 1.89 crore shares of Idea Cellular for Rs 166.30 per share. Capital World Growth and Income Fund picked up 1.80 crore shares of Idea Cellular at Rs 166.30 per share.

United Breweries after market hours on Thursday, 4 September 2014 said that the brewery assets viz., land, building, plant, machinery etc. of Pacific Spirits, located at Shahjahanpur, district Alwar, Rajasthan have been acquired by United Breweries at a negotiated consideration of Rs 105 crore.

United Breweries said that with the acquisition, the company will be able to expand its production capacity in the State Rajasthan to cater to the expected further growth in the market. Pacific Spirits has not been operational for a while and the company will further invest to make the brewery operational before the coming season, United Breweries said.

BPCL turns ex-dividend today, 5 September 2014, for dividend of Rs 17 per share for the year ended 31 March 2014 (FY 2014).

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