Abhishek Securities

Tata is one of the largest companies in India and stretches into just about every industry … cars, heavy trucks, metal supply, technology, consulting … even cell service, to name a few. From the looks of it, Tata is interested in stretching its wings (and the business) into the US, as subsidiary Tata Technologies has announced the opening of a new “innovation lab” in the renowned tech hub Silicon Valley in Northern California. Silicon Valley has been a hub for innovation on the ‘net and in technology for the last ~30 years or more, and over the last few years, has become a hub for integrating that technology into cars with Tesla, Ford, BMW, Mercedes, VW, Nissan, and others having local offices there with similar goals of harnessing the technological innovation of the Valley for integration into vehicles. Technology in cars used to be as simple as the standalone infotainment system, which, over time, evolved into GPS and navigation, then into the actual brains of the car, and now

Mahindra Intertrade Ltd., apart of the USD 16.9 billion Mahindra Group, has signed a Memorandum of Understanding (MoU) with MSTC Ltd. (a Government of India enterprise formerly known as Metal Scrap Trading Corporation Limited). The MoU will see the companies undertake a joint initiative to set up India’s first auto shredding facility. The MoU was signed under the aegis of the Honorable Minister of Steel and Mines, Shri Narendra Singh Tomarji. Sandip Ginodia , Director   ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

The Securities and Exchange Board of India (Sebi) has provided a conditional go-ahead for the Initial Public Offer (IPO) of equity in RBL Bank (formerly Ratnakar Bank). According to people in the know, the market regulator has asked the private sector lender to offer an optional exit opportunity to its existing investors. This is because RBL has been in breach of the ‘deemed public issue’ norm in the Companies Act. From RBL’s draft prospectus, it had allotted shares through a rights issue to 2,591 investors on February 19, 2003, and to 1,969 investors on March 13, 2006. Under the earlier Companies Act of 1956, an unlisted company wasn’t allowed to allot securities to more than 49 investors in a financial year. The new Companies Act, of 2013, raised the cap to 200 investors but even with the revised norms, the number is well in excess of the limit. “Sebi has given a nod if the buyback conditions are met,” said a banker working on the IPO. The buyback process is likely to take another

RBL, formerly known as Ratnakar Bank, recently announced the launch of an  exclusive branch for the startups  in Bangalore. With this, the team aims to assist the entrepreneurs in setting new companies and help them in understanding tax and legal compliance through partners. Also, they would be provided with banking products including foreign exchange services, remittances, cash management, and others. The branch was inaugurated by Nandan Nilekani, former chairman of Unique Identification Authority of India. As per Rajeev Ahuja, Head – Strategy, this is not merely a branch where a startup entrepreneur will walk up and ask for a current account or a remittance. Sandip Ginodia , Director   ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

HDFC  Life has signed a corporate agency agreement with Indiabulls Housing Finance, leading private housing finance company, to distribute individual insurance products. Under this new tie up, Indiabulls Housing will distribute HDFC Life's individual life, health and pension products to its customers across India, the private insurer said today in a release issued here.

AT&T, Otis partner on Internet of Things services * AT&T has tied up with Otis Elevator Company to enhance connectivity through the use of Internet of Things (IoT) products - services and technologies that employ digital technologies to better connect with customers and with elevator, escalator and moving walkway equipment.  As part of this collaboration, AT&T and Otis, a unit of United Technologies Corp, are expanding their long-standing relationship to develop the connectivity to support advanced elevators while also providing mobility to over 30,000 service employees at Otis companies worldwide, the company said in a statement. Sandip Ginodia , Director ABHISHEK SECURITIES We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com