Infosys may rise as Mediterranean Bank adopts Finacle loans module

Infosys announced that Mediterranean Bank, one of the leading Maltese banks, has gone live on the Finacle Lending Module. The bank has replaced its existing lending solution with Finacle to provide a unified, consistent platform for its corporate customers. Infosys Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The announcement was made after market hours yesterday, 28 September 2017.

NTPC said it will start commercial operations of 500 MW unit at Feroze Gandhi Uchahar Thermal Power Station from 30 September 2017. With this, the commercial capacity of NTPC would become 43392 MW and that of NTPC Group would become 50608 MW. The announcement was made after market hours yesterday, 28 September 2017.

Loveable Lingerie said its board will consider share buyback proposal on 6 October 2017. The announcement was made after market hours yesterday, 28 September 2017.

Titan Company announced that its operational performance in second quarter was close to expectation. The July-September quarter is normally a comparably weaker quarter every year due to the lack of festivals and certain inauspicious periods. This year we had the disruption due to the introduction of the GST regime as well. Having said that, the market share gain in the jewellery business continued unabated despite some slowdown in the month of July as a consequence of the advancement of sales that we saw in the second half of June (in anticipation of GST). Overall growth at the company level has been close to our expectations with good performances by the Watches and Eyewear divisions as well, it said. The announcement was made after market hours yesterday, 28 September 2017.

Godrej Properties announced that it has entered into a joint venture with Royale Builders and Developers to develop a 13 acres land parcel on Bellary Road (NH-7) in North Bangalore. Godrej Properties plans to develop a modern residential group housing project of approximately 1 square meters (1.34 million square feet). The Bellary road micro-market has emerged as one of the fastest growing markets of Bangalore with a lot of infrastructure developments and real estate projects coming up in the area. The site is in close proximity to Bangalore International Airport, Aerospace SEZ and IT & Hardware Park, Devanahalli. It offers good connectivity to the key commercial and industrial catchment areas of Devanahalli, Hebbal and Yeshwantpur. This will be GPL's fifteenth project in Bangalore. The announcement was made after market hours yesterday, 28 September 2017.

HCC said Lavasa lenders will invoke strategic debt restructuring (SDR). The SDR process will involve lowering of debt burden by converting a part of lenders loans into equity, along with the implementation of the proposed business plan and infusion of fresh capital by a financial or strategic investor to implement the project and help protect the value of the asset within the timelines prescribed by RBI in its notification. The lenders took note of the fact that due to delay in implementation of earlier joint lenders forum approved structure, the project remained stalled for 2 years and an additional interest of around Rs 1200 crore was accumulated, and hence release of working capital for the project needs to be resolved on priority. The announcement was made after market hours yesterday, 28 September 2017.

Shreyas Shipping said it signed two memorandum of agreement (MOA) for acquisition of one multipurpose vessel of about 650 teus and one container vessel of 4200 teus respectively. The delivery of both the vessels are expected by mid October 2017. The announcement was made after market hours yesterday, 28 September 2017.

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