Infosys in spotlight on expanding partnership with Google Cloud

Source: business-standard.com

Infosys announced that it has expanded its partnership with Google Cloud to become a Google Cloud Managed Service Provider (MSP). This will include consulting, assessment, migration, optimization and support services for enterprises looking to optimize their workloads on the Google Cloud Platform (GCP). The announcement was made after market hours yesterday, 21 August 2019.

With reference to media reports, Oberoi Realty informed that Income Tax authorities have initiated search and seizure operations at the premises of the company (IT Activity) from 20 August 2019. The IT Activity is currently ongoing and the compaany has not received any communication from the Income Tax authorities regarding the aim or intent of the IT Activity. The announcement was made after market hours yesterday, 21 August 2019.

Shares of Kansai Nerolac Paints (KNPL) will be in focus. A business transfer agreement (BTA) has been entered into by and between Nerofix Private Limited (incorporated in terms of the JVA, paid-up equity share capital of which is held by KNPL and Polygel in the ratio of 60:40), Polygel, Promoters of Polygel and KNPL. The adhesives, construction chemicals and sealants business of Polygel would be transferred to Nerofix Private Limited as a going concern on slump sale basis, upon payment of the proposed transfer consideration of Rs 20 crore by Nerofix Private Limited. The announcement was made after market hours yesterday, 21 August 2019.

NMDC said that the prices of iron ore with effect from 20 August 2019 has peen fixed as Lump Ore (65.5%, 6-40mm) at Rs 2,900 per tonne and Fines (64%, 10 mm) at Rs 2660 per tonne. The announcement was made after market hours yesterday, 21 August 2019.

Dilip Buildcon said that the meeting of the board of directors of the company is scheduled on 26 August 2019 to consider the proposal for divestment of wholly owned subsidiaries (WOS) to one or more potential investors in a structured manner over a period of time in different tranches. The announcement was made after market hours yesterday, 21 August 2019.

V-Mart Retail informed that the company has opened three new stores in Nagaland, Jharkhand and Rajasthan respectively. With this total number of stores increased to 232 stores in 181 cities across 18 states and total tally of stores in Nagaland to 1, in Jharkhand to 18 and in Rajasthan to 7. The announcement was made after market hours yesterday, 21 August 2019.

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