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SMC's weekly sector updates

SMC | 09 Jan, 2017  | Follow Author | Add to my Favourites 
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Information Technology


- Wipro announced that its Digital TV Middleware Solution has successfully enabled Hisense 4K TVs in Japan. Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.


- HCL Technologies has completed its $85 million acquisition of Butler America Aerospace. The all-cash deal, announced in October in 2016, will strengthen HCL Technologies' position in the aerospace and defence engineering services space.


- Tata Elxsi announced its partnership with DiSTI Corporation Florida, USA, the creators of user interface tool, GL Studio. This partnership will help the continued effort to provide bestin-class user interface solutions to the Company's automotive clients delivering high end HMI design, innovative and appealing visual content for futuristic displays in vehicles.


Pharmaceuticals


- Piramal Enterprises announced that the Company's wholly owned subsidiary, Piramal Finance ('PFL') is in the business of providing financial services. In line with the Company's growth plans, PFL will now be making an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary.


- Wockhardt said German regulator has issued European Union Good Manufacturing Practice certificate to the company's Ankaleshwar facility in Gujarat. The certificate issued in this regard is valid for three years.


- Sun Pharma has announced successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease. Following the acquisition, Sun Pharma owns exclusive, worldwide rights to Seciera and is developing it to commercialise for global markets including US, Europe, and Japan, as well as several emerging markets.


Capital Goods


- G E Power India has been awarded a contract by NTPC ALSTOM Power Services (a 50:50 JV between NTPC and GE) of approximately `198.8 crore (approximately USD 29.22 million) for steam turbine upgrade project at NTPC's Ramagundam Super Thermal Power plant in the State of Telangana. The Company's scope of work consists of supply of Steam Turbine Module, its auxillaries, Turbine controller and spares including supervision of erection, commissioning and testing.


Media/ Entertainment


- Entertainment Network (India) has commenced broadcast from its 3rd radio station at Hyderabad (3rd channel – 104 FM - acquired under Phase 3 auctions held last financial year). The 3rd channel has been branded "Mirchi Love". ENIL is the only broadcaster to have 3 stations in any city in India.


Distilleries


- Som Distilleries & Breweries announced that the Company is promoting a brewery in Karnataka in the name of Woodpecker Distilleries and Breweries Private Limited and the establishment and construction of Brewery plant at Karnataka is on schedule. The company has already availed required Licenses, permission and approvals from Statutory departments and shall be starting its production in the month of June / July 2017 approximately.


Oil & Gas


- Petronet has signed an agreement to set up a $950 million liquefied natural gas import project in Bangladesh. Petronet signed a MoU with with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox's Bazar and lay a 26-km pipline to connect it to the consumption markets.


Telecom


- Bharti Airtel Ltd, India's top wireless carrier, would offer free data to woo new and existing 4G customers, intensifying a price war in the sector and sending share prices tumbling.


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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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