TCS in focus on collaboration with Intel Corp

TCS announced a new collaboration with Intel Corporation to build a future ready reference architecture for the internet of things (IoT), cloud, network, 5G, AI and data center infrastructure management, helping to meet rapidly evolving digital transformation requirements of global markets. The announcement was made after market hours yesterday, 12 June 2017.

TCS and Intel are also investing in Centre of Excellence (CoE) in the US and India, which will be hubs for next generation datacenter technologies, IoT and cloud-ready network architectures to support customers.

Wipro said that in view of market activity in the company's shares on Monday, 12 June 2017, the New York Stock Exchange (NYSE) has contacted the company in accordance with its usual practice. The company felt that it was important to clarify to the market that the payable date and ex-dividend date for its ADR (American Depository Receipts) bonus issue, or stock dividend, are yet to be determined, Wipro said.

At NYSE, for ADR stock dividends or bonus issue, the ex-dividend date is set as the first business day after the stock dividend is paid, which is also after the record date. Therefore NYSE has not yet declared an ex-dividend date for Wipro's ADR program. Once the payable date is declared NYSE will announce the ex-dividend date for the ADR, Wipro clarified. The announcement was made after market hours yesterday, 12 June 2017.

Axis Bank said it proposes to raise funds by issuing unsecured redeemable non-convertible subordinated debentures, Basel-III Compliant Tier 2 debentures aggregating to Rs 5000 crore. The board of the bank will consider the proposal to issue and allot the aforesaid securities through circular resolution. The announcement was made after market hours yesterday, 12 June 2017.

Shriram Transport Finance Company announced that the allotment committee-non convertible debentures (NCDs) of the company approved and allotted 5,500 secured, redeemable, rated, listed NCDs of face value of Rs 10 lakh each, aggregating to Rs 550 crore on private placement basis. The announcement was made after market hours yesterday, 12 June 2017.

Cosmo Films announced expansion of its range of direct thermal printable products. The company would now offer an extended range of direct thermal printable (DTP) products. This would include standard DTP films, top coated DTP films, high temperature DTP films and DTP paper. The announcement was made after market hours yesterday, 12 June 2017.

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