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JCT will hold a meeting of the Board of Directors of the Company on 31 December 2018.

Aarti Inds.

Aarti Industries will hold a meeting of the Board of Directors of the Company on 18 December 2018.

J Kumar Infra

J Kumar Infraprojects has received a Letter of Acceptance from National Highways Authority in the name of J Kumar- J M Mhatre (JV) in which the company is the lead partner for construction of Dwarka Expressway from Shiv Murti Intersection till Rail Under Bridge near Dwarka Sector 21 in the State of Delhi on EPC mode amount to Rs 1349 crore.

M & M

Mahindra & Mahindra has signed a share subscription agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company (Sampo) and has agreed to subscribe to 822 Equity Shares and 192 Compulsorily Convertible Preference Shares. Pursuant to this, the voting rights of the Company in Sampo would increase from 35% to upto 49.04%.

Total acquisition cost is Euro 46,59,534 (equivalent to around Rs.37.74 crores at the foreign exchange rate of Rs.81 per Euro).

Sampo was founded in 1853 and is based out of Pori, Finland. Sampo is a manufacturer of combine harvesters and forest machinery with market presence in Europe, CIS and Algeria.

Indian Infotech

Indian Infotech and Software will hold a meeting of the Board of Directors of the Company on 18 December 2018.


PVR will hold a meeting of the Board of Directors of the Company on 21 December 2018.

Welspun Enterp

Welspun Enterprises has completed the transaction for sale of balance 13% stake in Dewas Bhopal Road Corridor (DBCL)with India Infrastructure Fund - II and has received consideration of Rs 57.7 crore. With this, the company has divested its 50% stake in DBCL for a total consideration of Rs 184.1 crore as against its fund infusion of Rs 85.4 crore implying a multiple of 2.15x.

Elecon Engg.Co

Elecon Engineering Company announced that Brickwork Ratings India has upgraded its ratings of various long term credit facilities to BWR A-; Stable from BWR A-; Negative.


Tata Consultancy Services has extended its collaboration with Red Hat to build microservices-based open source solutions and frameworks that will accelerate customers' digital transformation journeys.

The collaboration aims to develop industry-specific as well as cross-industry horizontal solutions and frameworks leveraging the Red Hat OpenS hift Container Platform, machine learning algorithms, natural language processing engines, and other Red Hat specific products and technologies. These solutions will help customers accelerate their shift away from legacy monolithic systems, towards more agile, cloud native, containerized applications based on open source technologies, in hybrid environments.


NMDC announced that Bahram Navroj Vakil ceased to be an Independent Director on the Board of NMDC with effect from 18 June 2018.

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