Gitanjali Gems Ltd has acquired remaining 10 per cent stake of ‘Giantti Italia SRL', based in Milan, Italy from Ambio SRL on June 16.Giantti Italia SRL will become a wholly owned subsidiary and the acquisition is aimed at growth of the branded jewellery business overseas and to gain design and branding concepts expertise from Italy.

GTL Ltd has clarified that it continues to conduct its business in normal course and is focusing on business growth. In GTL, the promoters hold 52.71 per cent of the equity capital and have pledged only 12.85 per cent of the equity capital of the company, which was already intimated to the stock exchanges as part of its regular disclosures. The company said that neither promoters nor entities relating to promoters have sold any shares, including the shares that have been pledged.

GTL Infrastructure Ltd, referring to reports that it has scrapped plans to raise $300 million, has clarified that it has never launched any road show for the above issue and believed that the present market conditions, policy clarity on telecom sector and global market sentiments were not favourable for the issue at this stage. It said the company was in highly capital intensive business and it will raise funds at appropriate times and will keep the stock exchanges updated of any developments on this matter. The company continued to conduct its business in normal course and is focusing on business growth. In GTL Infra, the promoters and promoter group hold 58.34 per cent of the equity capital. The promoters and promoter group have not pledged any shares. This has been already intimated to the stock exchanges, as part of regular disclosures.

HCL Technologies Ltd has said that Xerox Corporation and HCL Technologies Ltd have signed a five-year global product engineering services partnership agreement. HCL will provide Xerox with embedded, mechanical and software engineering services for certain Xerox printer and imaging product lines. The partnership will allow Xerox to improve the efficiency and effectiveness of its global engineering operations and continue to innovate in product development.

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