Akzo Nobel India said that its board will meet on 6 April 2018, to consider a proposal to buyback equity shares. The announcement was made after market hours yesterday, 3 April 2018.
Jubilant FoodWorks will be watched. With reference to news item titled 'Profiteering notice to Jubilant FoodWorks on Domino's pizza pricing', Jubilant FoodWorks clarified after market hours yesterday, 3 April 2018, that it passed on the full benefit of Goods and Services Tax (GST) to customers on account of reduction in GST rate. The company initially received a notice dated 25 January 2018 from the Directorate General of Safeguards (DGS) on anti-profiteering which was replied by the company on 7 February 2018 and 12 March 2018 confirming that no profiteering on account of GST has been made. DGS has further sought certain information/ documents which the company has submitted/is in the process of submission in a timely manner.
The company does not foresee any material impact of the article on the company and that as of today, there are no events, information etc. that have a bearing on operation / performance of the Company which include all price sensitive information, which are required to be disclosed to the Stock Exchanges.
Zensar Technologies announced that it has recently been awarded a four year, multi-million dollar contract from the City of San Diego for network services. The contract has the option of extension of two additional two-year terms with the total not to exceed contract value being approximately $79 million. The announcement was made after market hours yesterday, 3 April 2018.
AU Small Finance Bank said it entered into agreement with Future Generali India Life Insurance Company to act as corporate agent for life insurance business. This tie up shall be mutually beneficial for bank and Future Generali India Life Insurance Company in terms of business, market penetration and reach. The announcement was made after market hours yesterday, 3 April 2018.
Tayo Rolls announced that the committee of the board decided to allot 2 lakh, 7% Non-cumulative redeemable preference shares of Rs 100 each aggregating to Rs 2 crore to Tata Steel, the promoter on preferential basis. The announcement was made after market hours yesterday, 3 April 2018.
Infibeam Incorporation said it entered into an advertisement agreement with TV18 Broadcast for advertising the company's products, services and brands in print and non-print media. The agreement is valid for 24 months. The announcement was made after market hours yesterday, 3 April 2018.
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