Britannia clarifies on false speculations over Varun Berry resignation
Shares of Britannia slipped 2% on the NSE and are among top losers in the Nifty50 index. The company said in the filing that there have been false speculations over the last few days on Varun Berry resignation from the Company.
The company clarified that these rumours are incorrect and baseless.
Varun Berry has been reappointed as the Managing Director for Britannia Industries Ltd for 5 years effective April 01, 2019, following his successful stint of 6 years since 2013, the company said.
DHFL deal with Prudential expected to be completed shortly
Shares of DHFL erased morning losses to trade higher in the afternoon session after its divestment of the company's entire shareholding in DPAMPL and DPTPL as stated above to Prudential is expected to be completed shortly.
The company said in the filing, this is further to the Company's letters on December 18, 2018, and February 21, 2019, whereby the Company intimated the Stock Exchanges that the Company had entered into a binding term sheet with PGLH of Delaware, Inc.
TVS Motor declines after rating downgrade
Shares of TVS Motor Company fell 2% after the media report said that the global brokerage house Citi maintained Sell rating on the stock. The brokerage firm has also reduced price target to Rs430 from Rs455 earlier, implying nearly 2% potential downside from current levels.
The stock is among top losers in the Nifty auto index.
Reliance Infrastructure wins Rs7,000cr Versova-Bandra sea link project
Shares of Reliance Infrastructure surged 17.3% on the BSE after the company received one of the largest EPC contracts from Maharashtra State Road Development Corporation (MSRDC), the prestigious Rs7,000cr Versova-Bandra Sea Link Project (VBSL) in Mumbai.
Reliance Infrastructure is fully geared to deliver the project in 60 months from the Appointed Date of June 24, 2019, as per the contract, the company said in the filing.
Persistent Systems acquires youperience
Persistent Systems announced the acquisition of European Salesforce consulting partner youperience. Together with previously acquired Salesforce Platinum Consulting Partner PARX, the professionals from these two boutique Salesforce shops combined with Persistent existing Salesforce experts will further strengthen the company ability to provide exceptional Salesforce outcomes to its global customers.
With a combined 170 employees in four countries (Germany, Switzerland, Austria, France), the integration of these two renowned boutique partners creates an important European player in the fast- growing Salesforce partner ecosystem, providing wide-ranging and long-standing expertise in Salesforce cross-cloud projects. youperience is a young and highly dynamic Salesforce partner with outstanding expertise in the Marketing Cloud, complementing the Salesforce professionals at PARX who deliver strong offerings in the full range of Salesforce services.
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