TCS in focus ahead of Q2 result

Shares of IT major TCS will be in focus as the company declares its Q2 September 2015 result today, 13 October 2015.

Hero MotoCorp (HMCL) after market hours yesterday, 12 October 2015 announced that the company has launched the New Splendor PRO, the flagship bike of the iconic Splendor franchise, with youthful new design and bold styling. Attractively priced at Rs 46,850 ex-showroom Delhi, the new Splendor PRO will go on sale at dealerships across the country, from 13 October 2015, the first day of the auspicious Navratra, which marks the beginning of the festive season. HMCL also said that priced at Rs 49,500 ex-showroom Delhi, the retail sales of Hero's new scooter Maestro Edge, the first of the products developed on Hero's own in-house technology will also commence from 13 October 2015.

IDBI Bank will be in focus. With respect to news titled "Vijay Mallya faces CBI heat over loan fraud", IDBI Bank clarified after market hours yesterday, 12 October 2015, that the bank does not have any official communication from CBI in the matter. There is no price sensitive angle to the matter as the matter is not new and has been probed by the CBI earlier also and relates to the normal business activities of the bank and other consortium lender banks, it said. IDBI has been and will be continuing to extend full assistance to CBI in any enquiry in the matter, bank added. IDBI Bank is one of the 17 consortium lenders in Kingfisher Airlines (KAL). KAL had defaulted in its payment obligations to the banks and banks have jointly taken several recovery actions against the promoter and the company.

D B Corp yesterday, 12 October 2015 announced that it has acquired 14 frequencies in the Phase III auctions. Out of the 14, 9 frequencies have been acquired in Maharashtra, where MY FM is poised to become the biggest FM player (excluding Mumbai and Pune) and has created a strong complementary local ad medium to Divya Marathi. The announcement was made after market hours yesterday, 12 October 2015,

The Cox & Kings Group (Cox & Kings or the Group) has acquired 100% of the issued and outstanding shares of Late Rooms (UK) (LateRooms) for GBP 8.5 million. LateRooms is a profitable, leading online hotel booking specialst in the UK. The announcement was made before market hours today, 13 October 2015.

Astec Lifesciences said that the board of directors of the company at its meeting held on 12 October 2015, has approved the transfer of 88.11 lakh equity shares of the company held by the existing promoters of the company to Godrej Agrovet, the incoming promoter. The announcement was made before market hours today, 13 October 2015.

Shilpi Cable Technologies announced after market hours yesterday, 12 October 2015, that a meeting of the board of directors of the company will be held today, 13 October 2015, inter-alia, to consider and approve the preferential allotment of 1.5 crore convertible warrants to Shilpi Cables, a promoter group company at an exercise price of Rs 60 each.

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