TCS in spotlight on launching launching app development kit for banks

TCS announced the launch of BaNCS App Development Kit (ADK) that enables banks to design and build their own apps faster and seamlessly deploy across devices and desktops. The announcement was made after market hours yesterday, 8 June 2017.

Pidilite Industries announced that Pidilite USA Inc (PUSA), a wholly owned subsidiary of the company has entered into an agreement with Niteo Products LLC, USA for sale of business of the Cyclo Division of PUSA. Cyclo Division has been engaged in the business of automobile grooming, performance and maintenance products and other such products.

Some of the trademarks used by the Cyclo Divisions were owned by Pidilite International pte Ltd, Singapore, a wholly owned subsidiary of the company and the same will also stand assigned to Niteo Products LLC, USA, Pidilite said. The announcement was made after market hours yesterday, 8 June 2017.

IndusInd Bank said it raised a $225 million loan from the Overseas Private Investment Corporation (OPIC) for supporting the expansion of the bank's micro, small and medium enterprise (MSME) lending programs across India. At least 25% of the proposed facility will support women entrepreneurs and reach previously unbanked populations. This eight-year loan is part of the agency's commitment to supporting $1 billion in loans to underserved Small and Medium Enterprises in India. The announcement was made after market hours yesterday, 8 June 2017.

Next Mediaworks said that the board of directors of Next Radio (NRL), the company's subsidiary, at its board meeting held on 8 June 2017, approved transfer of its FM radio broadcasting business at Ahmedabad (the undertaking ) to its wholly owned subsidiary viz. Syngience Broadcast Ahmedabad.

The board of directors of NRL has also, at the aforementioned meeting, approved the scheme of arrangement, with appointed date as 1 April 2017. The said transfer of the undertaking is subject to the approval of the National Company Law Tribunal and the Ministry of Information & Broadcasting. The announcement was made after market hours yesterday, 8 June 2017.

Zee Media Corporation announced that Mumbai Bench of National Company Law Tribunal (NCLT) at hearing held yesterday, 8 June 2017, approved the scheme of arrangement and amalgamation between Zee Media Corporation; and Diligent Media Corporation; and Mediavest India; and Pri-Media Services and Maurya TV and their respective shareholders and creditors. The announcement was made after market hours yesterday, 8 June 2017.

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