M&M in spotlight on plan to observe no production days

Mahindra & Mahindra (M&M) said that it will observe no production days at its automotive plants for a period ranging from 1 to 8 days during the remaining period of July 2013. M&M's wholly-owned subsidiary, Mahindra Vehicle Manufacturers, will also observe no production days for about 8 days during the remaining period of July 2013 at its plant situated at Chakan. The company has made this arrangement to align its production with sales requirements. The company said the management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve the market requirements.

UltraTech Cement said after market hours on Wednesday, 10 July 2013, that it commissioned its clinkerisation plant of 3.3 million tonnes a year (mtpa) at Malkhed in Karnataka.

Zee Entertainment Enterprises turns ex-dividend today, 11 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).

V-Guard Industries turns ex-dividend today, 11 July 2013, for final dividend of Rs 3.50 per share for the year ended 31 March 2013 (FY 2013).

VA Tech Wabag turns ex-dividend today, 11 July 2013, for dividend of Rs 7 per share for the year ended 31 March 2013 (FY 2013).

Unichem Laboratories turns ex-dividend today, 11 July 2013, for dividend of Rs 4.50 per share for the year ended 31 March 2013 (FY 2013).

Thermax turns ex-dividend today, 11 July 2013, for dividend of Rs 7 per share for the year ended 31 March 2013 (FY 2013).

Swaraj Engines turns ex-dividend today, 11 July 2013, for total dividend of Rs 33 per share for the year ended 31 March 2013 (FY 2013).

Oberoi Realty turns ex-dividend today, 11 July 2013, for dividend of Rs 2 per share for the year ended 31 March 2013 (FY 2013).

Mahindra Lifespace Developers turns ex-dividend today, 11 July 2013, for dividend of Rs 6 per share for the year ended 31 March 2013 (FY 2013).

Mahindra Holiday & Resorts India turns ex-dividend today, 11 July 2013, for dividend of Rs 4 per share for the year ended 31 March 2013 (FY 2013).

Karur Vysya Bank turns ex-dividend today, 11 July 2013, for dividend of Rs 14 per share for the year ended 31 March 2013 (FY 2013).

Andhra Bank turns ex-dividend today, 11 July 2013, for dividend of Rs 5 per share for the year ended 31 March 2013 (FY 2013).

Biocon turns ex-dividend today, 11 July 2013, for total dividend of Rs 7.50 per share for the year ended 31 March 2013 (FY 2013).

Speciality Restaurants has opened a "Sigree-Global Grill" restaurant located at Chennai on 8 July 2013. Accordingly, the total number of restaurants (including franchise restaurants) and confectionaries of the company are 84 and 14 respectively.

The board of Swan Energy will meet on 13 July 2013 to consider issuing equity shares on a preferential basis to promoters/non promoters.

Reliance MediaWorks said that the rights issue committee will meet on 13 July 2013 to decide the record date, issue price and ratio of the proposed rights issue of the company.

Dhunseri Petrochem & Tea said that normal garden operations at Orang tea estate have resumed after lock out at the tea estate was lifted from 10 July 2013.

Powered by Capital Market - Live News