Org Informatics Ltd. Stock Info: As on 2009-11-13 00:00:00
|Market Cap / Sales Ratio||0.00|
|Basic EPS (Rs.)||0.04|
|Return On Assets||0.01|
|Parameter||Mar-11 (₹ Cr.)||Yoy%change|
|Total share capital||17.17|
|Company||Curr Price||Prev. Close||Change%||W's Low/High|
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|Parameter||Mar-11(in ₹ Cr.)|
|Cash from operating activities||0.00|
|Cash from investing activities||0.00|
|Cash from financing activities||0.00|
|Net change in cash||0.00|
Stock Held By Mutual Fund Schemes
Moody's downgrades ICICI's future bond sale via Bahrain branch
Ratings agency Moody's today downgraded ratings on ICICI Bank's future bond issuance through its Bahrain branch under the medium term notes (MTN) programme, but retained the ratings on its existing bonds, reported PTI. We have downgraded the provisional ratings on forex currency senior unsecured MTN programme of the bank's Bahrain branch to Ba2 from Baa3, because the forex bond ceiling for Bahrain is now at Ba2, Moody's said in a note. At the same time, we've retained the Baa3 ratings on its forex senior unsecured outstanding debt raised through this branch, Moody's added. When contacted, the bank said the rating action is linked with Bahrain's sovereign rating, and not with ICICI Bank. The rating of the bonds, which have already been issued out of our Bahrain branch, has been reaffirmed. Downgrading of Bahrain's rating would mean that any future bond issuance out of our Bahrain branch would carry a lower rating. We do not intend to make any such issuances, the bank said in a statement. Moody's also downgraded the branch's counterparty risk assessment to Ba1(cr)/not prime (cr) from Baa3(cr)/P-3 (cr), apart from downgrading the local currency country risk ceiling for Bahrain to Ba1. The downgrading of the provisional ratings on the foreign currency senior unsecured MTN programme for the Bahrain branch to Ba2 is solely on account of the forex bond ceiling of Bahrain, which was downgraded to Ba2, it said. Similarly, the downgrading of the branch's CRA is solely on account of the local currency country risk ceilings of Bahrain, which is also downgraded to Ba1. All other ratings under the MTN programme of the bank remain unchanged, Moody's said, adding the outlook on all ratings is stable. On the ratings rationale, the agency said it affirms the ratings on the outstanding forex senior unsecured bonds issued by the Bahrain branch under the MTN programme at Baa3, on the basis of an unconditional standby letter of credit on these outstanding bonds through ICICI's Dubai branch. The features of the standby letter of credit satisfy the key criteria required to achieve full credit substitution. Consequently, ratings of these instruments are in line with Baa3 forex senior unsecured ratings of Dubai branch, it said. It also affirmed the forex senior unsecured debt rating of the Bahrain branch as the only bonds outstanding are those covered by the standby letter of credit.
Usha Martin Education appoints two independent directors
Usha Martin Education & Solutions, engaged in educational support services, on Thursday said Manoj Kumar Vijay and Nitin Sharma have been appointed as the independent and non-executive directors of the company with effective from August 17, 2017. “Manoj Kumar Vijay and Nitin Sharma have been appointed as the Independent and Non-Executive Directors of the Company w.e.f 17th August, 2017,” said Usha Martin Education & Solutions in a filing to the Bombay Stock Exchange. Meanwhile, shares of company closed day’s trade at Rs 2.16 apiece, down 4.85 per cent, on the Bombay Stock Exchange.
Infosys board to consider Rs 13,000 cr share buyback on Aug 19
The board of Infosys, India's second largest software services firm, will meet on August 19 to consider a Rs 13,000-crore share buyback proposal. The share buyback -- which will be the first in the company's 36-year history -- has been a long standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders. Bowing to the demand, the Bengaluru-based company had in April announced that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback. The IT firm had recently adopted a new Articles of Association that included a provision for buyback. ...The Board of Directors of Infosys Ltd will consider a proposal for buyback of equity shares of the company at its meeting to be held on August 19, 2017, Infosys said in a regulatory filing late last night. It added that the outcome of the board meeting will be disseminated to the stock exchanges after the conclusion of the meeting. The company, however, did not outline the details of the proposed share buyback in the regulatory intimation. Meanwhile, shares of the company closed trading at Rs 1021.15 apiece, up 4.54 per cent from the previous close on BSE.
Axis Bank launches new home loan product
Aiming to ramp up its mortgage book volumes and expecting better credit behaviour, Axis Bank today launched a home loan product that entails waiving off a few EMIs during the course of a loan, reported PTI. The third largest private sector lender will waive off four equated monthly instalments (EMIs) each at the end of the fourth, eighth and the 12th year of a two-year loan. This means that if a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off, which the bank claimed will help save Rs 3.09 lakh on a Rs 30-lakh loan. The waivers will be applicable for loans of up to Rs 30 lakh and will be given in the form of reduction in loan tenures, it said, adding that the interest rate stays the same at 8.35 per cent. When asked if it will impact the net interest margin as the total tenure is coming down, executive director Rajiv Anand said the bank will benefit from better credit behaviour and longevity of a loan as pre-payments will be less. But a single missed EMI will disqualify the borrower from getting the benefit, while on the longevity front, the incentives can help reduce prepayments, he said. Asked if this would qualify as a 'teaser loan' about which the regulator has had many concerns in the past, a senior bank official replied in the negative, saying there is no differential rates of interest applied here, which is the typical hallmark of a teaser loan. The bank already has a special product for the affordable housing segment called 'Asha', while the new product is christened 'Shubh Arambh', the official said, adding the former is aimed at the lower income group (of loans up to Rs 25 lakh). At present, Asha loans account for around 5 per cent of its mortgage book, Anand said. As of June, home loans constituted a whopping 44 per cent of the Rs 1.68 trillion retail portfolio of the bank. The new product is aimed at first-time home buyers but can be availed of by those switching lenders as well, Anand said.
Cambridge Technology appraised at CMMI Level 5
Cambridge Technology, a leading global technology company, on Wednesday said that it has been appraised at Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI) v1.3 for its services. The appraisal was performed by QAI Consulting. CMMI is a capability improvement approach that provides organizations with the essential elements of effective processes that ultimately improve their performance. An appraisal at maturity level 5 indicates that the organization is performing at an “optimizing” level. At this level, an organization continually improves its processes based on a quantitative understanding of its business objectives and performance needs. The organization uses a quantitative approach to understand the variation inherent in the process and the causes of process outcomes. In order for CT to build a practice that is innovative, it has laid the foundation of a self-learning organization and as part of that CT is continually proud to be one of the ~30 companies appraised at this level for services in India. CT is also one of the few organizations in the world with 100 percent AWS certified Cloud Operations Centre with proven experience of over 10 million instance management hours. “In the past, CT has been appraised at CMM Level 5 v1.1, CMMI Level 5 v1.2, CMMI L5 v1.3 for development and maintenance projects and maintaining this highest level in CMMI for its services,” said Cambridge Technology in a filing to the Bombay Stock Exchange. In acknowledgment of the achievement, Aashish Kalra, Chairman of CT, commented, “CT achieves a milestone to become a self-learning and innovating organization and being appraised at the highest level of CMMI for our services demonstrates our focus and commitment towards continuous process maturity, innovation and delivering value to our customers. We are continually proud to maintain the highest standards of software quality & engineering in our organization and be part of a select group of global companies appraised at the highest level.”
The Company was incorporated as a private Limited Company under the name of Subhanpura Containers Ltd. The Company was originally engaged in the activity of financing. The Company later became a deemed public limited Company.
It also became a wholly owned subsidiary of Ambalal Sarabhai Enterprises Ltd. (ASEL).
The name of the Company was changed to Sarabhai Electronics Ltd.on 17th Feb.1986.
Sarabhai Electronics Ltd., (SEL), is an independent Public Limited Company where the business of ORG Systems is carried out. ORG Systems, an offshoot of operations Research Group, was set up and in-house research on Microprocessor based systems paved the way for creation of ORG Systems in 1978. Pursuant to a scheme of Reorganisation evolved by ASEL, the Computer division of ASEL alongwith its related Research and Development facilities were transferred as a going concern to the company.
The object of the company is manufacture of microprocessor bases Systems, Computer perspherals such as line printers, magnetic tape and disk drives and hand disks and CRT terminals, graphic terminals, MILR equipment etc.
ORG Systems today is a leading supplier of I.T. solutions in India. It has a product range with appropriate technology both in Hardware and Software to take care of varied customer needs. Besides the manufacturing activity, ORG Systems has a software Development Centre at NOIDA EPZ for development of customised software for exports. ORG Systems is now joining hands with Dansk Data Elektronik A/s, Denmark, a leading information technology Company and our long term technical collaborators to form a joint venture company in India, DDE - ORG Systems Ltd.
2006 - ORG Informatics Ltd has informed that ORG Telecom Ltd., 100% subsidiary of the Company has bagged an order from a Telecom operator in Tanzania for providing total turnkey solution for a green field CDMA network roll-out in Tanzania, Africa. Size of the deal is USD 5 Million.
-ORG Informatics Ltd has appoined Mr. Kartikeya V Sarabhai and Mr. Anil Chawla as Additional Directors on the Board of the Company.
-ORG Informatics Ltd has appointed Mr. Manish Arora as Alternate Director to Mr. B V Suryakumar, a Director of the Company, with effect from May 23, 2007.
- ORG Informatics Ltd has informed that Mr. R L Dube has been appointed as an Additional Director of the Company, with effect from July 06, 2007.
2008 -Company has created email id for grievance redressal division / compliance officer: firstname.lastname@example.org
-Company has allotted 11,750 Equity Shares of Rs 10/- each
-Company has bagged Orders worth of Rs 78.06 Crores from M/s. Bharat Sanchar Nigam Ltd (a Govt. of India Enterprises), New Delhi for supply, Installation, Integration and Commissioning of SATCOM-N/M Equipment for Indian Air Force.
2009 - ORG Informatics Ltd has informed BSE that Mr. Sushil Kumar Chaturvedi has been promoted as Chief Executive Officer (CEO) of the Company with effect from January 14, 2009, subject to the confirmation by the Board in the next Board Meeting. - ORG Informatics Ltd has appointed Mr. Kalyan Mazumdar as an Additional Director of the Company, with effect from November 06, 2009.
2010 -Company has secured an Order for Rs. 14.05 Crores from Bharat Sanchar Nigam Ltd., New Delhi (BSNL) for supply, installation, integration and commissioning of satcom Network for IAF.
Mas Services Ltd.