TCS in focus on tie up with Cloudera

TCS after market hours on Monday, 25 August 2014, announced a partnership with Cloudera, a leader in enterprise analytic data management powered by Apache Hadoop, certifying TCS' global team of Big Data experts through the Cloudera Certified Professional (CCP) program. TCS' products are also validated through the Cloudera Certified Technology Program (CCTP), which was created to simplify technology buyers' adoption of Apache Hadoop platforms and applications that have been tested, validated and certified to work with a Cloudera enterprise data hub.

Shares of Tata Power Company will be watched. With reference to Tata Power's wholly owned subsidiary, Coastal Gujarat Power (CGPL), which has an operating 4000 MW imported Coal based Ultra Mega Power Project (UMPP) at Mundra in Gujarat. Haryana, as a procurer, had filed for stay of the interim order of the Appellate Tribunal for Electricity (APTEL) which upheld that compensatory tariff be payable after March 2014 as per order of Central Electricity Regulatory Commission (CERC).

Tata Power Company has now informed that the Supreme Court has on 25 August 2014 stayed the payment of the compensatory tariff by procurers as was allowed as per APTEL's interim order and has further asked APTEL to expedite the case hearings and take a final decision on the subject matter quickly. As the case is already being heard by the APTEL, the company would await a quick resolution of this issue through the required judicial process. The formal order of the Supreme Court is awaited, the company said in a statement.

Reliance Power on Monday, 25 August 2014, reportedly told the Supreme Court that it was not interested in setting up its ambitious gas-fired power plant in Dadri, Uttar Pradesh, any more and would return about 956 acres of land acquired for the company to the state government. According to reports, the land has been mired in legal wrangles, with the Allahabad High Court on 5 December 2009, quashing a state move to acquire the land through an emergency clause. This allows the state to waive a clause in the law that mandates the seeking of objections from farmers before acquiring their land, reports suggested.

HPCL after market hours on Monday, 25 August 2014 in a clarification issued with regard to news item titled "HPCL eyes tie-up with Reliance to expand oil retailing biz" said that at this stage, it is too preliminary to comment on this subject news item. In case of any development which would impact the company materially, it would keep the stock exchange advised appropriately, HPCL said.

Jaiprakash Associates' board of directors at its meeting held on Monday, 25 August 2014, inter alia, approved the sale of company's 1.5 MTPA cement grinding unit at Panipat, Haryana for a tentative consideration of around Rs 360 crore subject to adjustments for net working capital and financial indebtedness taken over, as of the closing date of the transaction.

Meanwhile, Shree Cement's board of directors at its meeting held on Monday, 25 August 2014, inter alia, accorded its consent to acquire 1.50 MTPA cement grinding unit of Jaiprakash Associates situated at Panipat, Haryana on going concern basis for consideration of approx Rs 360 crore subject to adjustment for any financial indebtedness and net working capital taken over as of the closing date, subject to satisfactory completion of due diligence and obtaining necessary approvals and consents.

Lakshmi Vilas Bank after market hours on Monday, 25 August 2014 said that its rights issue was fully subscribed and received subscription of 112%. The bank had opened its rights issue for an amount of Rs 409.79 crore on 8 August 2014. The issue remained open for 15 days and closed on Friday, 22 August 2014.

Sunil Hitech Engineers (SHEL) after market hours on Monday, 25 August 2014 said that it has bagged new orders aggregating to Rs 137.56 crore.

Anuh Pharma after market hours on Monday, 25 August 2014 said that the company has received a letter from Lalitkumar Popatlal Shah and L.P. Shah Holdings & Trades, one of the promoters of the company for buying/selling of some shares of the company.

Angels Enterprises after market hours on Monday, 22 August 2014 said its board of directors will meet on 3 September 2014, inter alia, to consider 10-for-1 stock split.

Chemfab Alkalis after market hours on Monday, 25 August 2014 said that out of two plants which were shutdown earlier, one has been restarted on 19 August 2014 and the second plant is expected to be commissioned after completion of the revamping work by next week.

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