NMDC in focus after revising iron ore prices

NMDC in its latest price review has kept prices of lump ore unchanged at Rs 1,800 per tonne. The state-run iron ore miner also kept the prices of iron ore fines unchanged at Rs 1,560 per tonne. The prices are excluding royalty, taxes, DMF, duties, levies etc. The announcement was made after market hours yesterday, 14 January 2016.

Hindustan Unilever and Zee Entertainment Enterprises are scheduled to announce their Q3 December 2015 results today, 15 January 2016. Among other result-based stocks, Gruh Finance, Oberoi Realty and NIIT Technologies are scheduled to announce their Q3 December 2015 results today, 15 January 2016.

Punjab & Sind Bank announced that it proposes to issue Basel-III compliant Tier-II bonds amounting up to Rs 500 crore by way of private placement. The bank said it has received ratings of CRISIL AA/Stable by CRISIL ratings and CARE AA by CARE ratings for its proposed issue. The announcement was made after market hours yesterday, 14 January 2016.

Majesco after market hours yesterday, 14 January 2016 announced a strategic partnership with Appulate, the leading provider of forms parsing and data bridging technology. Under the partnership, Majesco will offer Appulate Uplink as an integrated component of Majesco Policy for P&C and Majesco Distribution solutions. The partnership will offer Majesco customers best-of-breed connectivity to any agency management system, improving efficiency and quality while reducing agent data entry. In turn, Appulate will gain a distribution partner that offers market leading solutions for policy and distribution management for insurance carriers.

Steel Exchange India announced after market hours yesterday, 14 January 2016 that a meeting of the board of directors of the company will be held on 22 January 2016, to consider and allot the equity shares of the company to the shareholders of Simhadri Power consequent to amalgamation of Simhadri Power with Steel Exchange India.

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