The Bombay Stock Exchange (BSE) announced after market hours on Friday, 22 November 2013, that it will reshuffle various indices from 23 December 2013.
As per the rejig plan, AXIS Bank will replace Jindal Steel & Power (JSPL) in the 30-share S&P BSE Sensex.
Aditya Birla Nuvo will replace Suzlon Energy in the S&P BSE 100 index.
BSE said it will exclude Union Bank of India from the S&P BSE Bankex.
State-run NHPC will commence the buyback of shares from 29 November 2013. The buyback offer will close on 12 December 2013. The company plans to buyback around 123 crore fully paid up equity shares of Rs 10 each from the open market. As on 30 September 2013, the government held 1062.33 crore shares, or 86.36% stake in NHPC.
Tata Power Company after market hours on Friday, 22 November 2013, announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Industry and Trade, Government of Vietnam for developing the Long Phu 2 Power Project in Soc Trang Province of Vietnam. The MoU has been signed to develop a thermal power plant, which will utilize imported coal, Tata Power said in a statement. In accordance with the MoU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Power's first coal based project outside India. Tata Power was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year.
Siemens reported a net profit of Rs 149.19 crore in Q4 September 2013 compared with a net loss of Rs 55.77 crore in Q4 September 2012. Net sales fell 2.5% to Rs 3187.90 crore in Q4 September 2013 over Q4 September 2012. The result was announced after market hours on Friday, 22 November 2013.
The company's net profit fell 43.5% to Rs 193.95 crore on 12.3% decline in net sales to Rs 11145.24 crore in the year ended September 2013 over the year ended September 2012.
New orders were up by 7% to Rs 10957.30 crore in the year ended September 2013 compared with Rs 10235.1 crore in the year ended September 2012.
Dr. Armin Bruck, Managing Director, Siemens, said, "Overall, the results were in line with the challenging economic environment. While a rise of 35% in New Orders for the fourth quarter over the immediately preceding quarter is encouraging, the growth of the Company is also dependent on the implementation of Government policies to promote infrastructure development within the country and create an environment conducive to investment in Capital Goods. During the year, the Company launched initiatives to optimize its cost position and productivity considering the slowdown in the economic environment."
In Q4 2013, Siemens initiated the sale and transfer of its postal & parcel logistics technologies and airport logistics technologies business (both forming part of the infrastructure and cities sector) to Siemens Postal Parcel & Airport Logistics, a 100% subsidiary of Siemens AG, effective from the close of business on 30 September 2013 for a consideration of Rs 128 crore and a profit of Rs 115 crore, the company said in a statement.
The boards of Pfizer and Wyeth have approved merger of both the companies. As per the merger scheme, shareholders will receive 7 fully paid up equity shares of Pfizer for every 10 fully paid up equity shares of Wyeth.
DIC India said that its promoter DIC Asia Pacific has proposed to delist shares of DIC India from the stock exchanges. The floor price for the proposed delisting has been set at Rs 174 per share. Promoters held 71.75% stake in the company as on 30 September 2013.
Valecha Engineering said it has won a Rs 176.29 crore contract from NHPC for civil work of a tunnel in Himachal Pradesh. With the award of the project, the tunnelling segment constitutes 10% of the order book of the company, Valecha said. It said as the company moves ahead it is focusing on getting an appropriate project mix involving leading edge infrastructure technologies. This will achieve a de-risked business model and increase operational growth.
R Systems International said that its board will meet on 29 November 2013, to consider a stock split.
Torrent Pharmaceuticals clarified that the media report suggesting the company's interest in buying Elder Pharmaceuticals' Indian business is speculative in nature. The company, however, added that it has submitted a non-exclusive bid for certain business of Elder Pharma, subject to various assumption and conditions, not yet complied with. At this stage, therefore, there is no crystalised proposal. Hence the matter is premature, the company said.
DCM turns ex-dividend today, 25 November 2013, for interim dividend of Rs 1.50 per share for the year ending 31 March 2014 (FY 2014).
Manappuram Finance turns ex-dividend today, 25 November 2013, for interim dividend of Rs 0.45 per share for the year ending 31 March 2014 (FY 2014).
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