SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation today announced chairman, president and chief executive officer Bradley Feldmann was named 2021 CEO of the Year in the category of Public Company Large by the San Diego Business Journal. The San Diego Business Journal seeks leaders whose exemplary work provides a model for utilizing best practices, leading organizational change, and making outstanding contributions. The SDBJ CEO award categories acknowledge those who have made significant impact l
An apparently subsiding second wave is offering hope to covid-weary stock market investors. State governments slowly lifting local lockdowns is spurring the optimism. Since everyone was waiting for the opening up, there will be clear revival in areas like FMCG, retail, etc, predicts Keval Bhanushali, CEO, Marwadi Shares & Finance. After being decimated by the first national lockdown, several of these companies bounced back and generated fabulous returns when the economy opened up last time. Can investors play the unlock theme again? Experts say investors can, but they need to do so with caution.Be selectiveUnlock trade was a blind game last year because all stocks from affected sectors were going at throwaway prices. The situation is different this time. Some of the stocks have already started going up and are well above their pre-covid levels. This is because the lockdowns were more localised this time, and the corrections were not that big. For this analysis, we have avoided all stocks where share prices are higher than precovid levels (as on 31 December 2019).
Cubic Corporation today announced its Cubic Transportation Systems (CTS) business division, Washington Metropolitan Area Transit Authority (Metro) and NXP Semiconductors N.V.
Posted by Equitymaster INDIAN OVERSEAS BANK share price has zoomed 10% and is presently trading at Rs 19. Meanwhile, the BSE BANKEX Index is at 40,621 (down 0.8%). Among the top Gainers in the BSE BANKEX Index today is INDIAN OVERSEAS BANK (up 10.3%). KOTAK MAHINDRA BANK (down 0.4%) and CITY UNION BANK (down 0.6%) are among the top losers today . Over the last one year, INDIAN OVERSEAS BANK has moved up from Rs 8 to Rs 19, registering a gain of Rs 11 (up 142.8%). On the other hand, the BSE BANKEX has moved up from 23,600 to 40,621, registering a gain of 17,021 points (up 69.9%) during the last 12 months. The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 156.1%), INDUSIND BANK (up 132.0%) and ICICI BANK (up 84.8%). .onelinead {font-family: Roboto,sans-serif !important;font-size: 15px !important; text-align: center !important;} .onelinead a {border-bottom: 0px !important;} .onelinead a:hover {text-decoration:underline;border-bottom: color: rgb(0, 0, 255);} Revealed: Tanushree''s findings of the biggest research project of her life - Forever Stocks What About the Benchmark Indices?
Posted by Equitymaster BANK OF MAHARASHTRA share price has zoomed 8% and is presently trading at Rs 30. Meanwhile, the BSE BANKEX Index is at 40,621 (down 0.8%). Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 7.8%). KOTAK MAHINDRA BANK (down 0.4%) and CITY UNION BANK (down 0.6%) are among the top losers today . Over the last one year, BANK OF MAHARASHTRA has moved up from Rs 10 to Rs 30, registering a gain of Rs 21 (up 189.4%). On the other hand, the BSE BANKEX has moved up from 23,600 to 40,621, registering a gain of 17,021 points (up 69.9%) during the last 12 months. The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 156.1%), INDUSIND BANK (up 132.0%) and ICICI BANK (up 84.8%). .onelinead {font-family: Roboto,sans-serif !important;font-size: 15px !important; text-align: center !important;} .onelinead a {border-bottom: 0px !important;} .onelinead a:hover {text-decoration:underline;border-bottom: color: rgb(0, 0, 255);} Revealed: Tanushree''s findings of the biggest research project of her life - Forever Stocks What About the Benchmark Indices?
Geojit is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 208 in its research report dated June 02, 2021.
Cubic Corporation today announced its Cubic Transportation Systems (CTS) business division has partnered with CVEDIA, an artificial intelligence (AI) solutions company to enhance its GRIDSMART products. CTS will utilize CVEDIAs synthetic data technology to continue to rapidly scale deep learning models for GRIDSMART omnidirectional cameras and other intelligent transportation systems (ITS)
Posted by Equitymaster SBI share price has hit an all-time high at Rs 442 (up 1.0%). Meanwhile, the BSE BANKEX Index is at 40,483 (up 1.0%). Among the top gainers in the BSE BANKEX Index today are SBI (up 1.0%) and KOTAK MAHINDRA BANK (up 2.1%). CITY UNION BANK (down 0.3%) and RBL BANK (down 0.6%) are among the top losers today . Over the last one year, SBI has moved up from Rs 170 to Rs 442, registering a gain of Rs 272 (up 159.6%). The BSE BANKEX has moved up from 22,857 to 40,483, registering a gain of 17,626 points (up 77.0%) during the last 12 months. The top gainers among the BSE BANKEX Index stocks during this same period were SBI (up 159.6%), INDUSIND BANK (up 147.3%) and ICICI BANK (up 92.0%). .onelinead {font-family: Roboto,sans-serif !important;font-size: 16px !important; text-align: center !important;} .onelinead a {border-bottom: 0px !important;} .onelinead a:hover {text-decoration:underline;border-bottom: color: rgb(0, 0, 255);} Important: When Tanushree Banerjee Dropped a "Big Bombshell"
We will be seeing things getting eased up once the lockdown is removed, says Managing Director Kamakodi
Cubic Announces Completion of Acquisition by Veritas Capital and Evergreen Coast Capital Business Wire
Posted by Equitymaster MOTHERSON SUMI share price has zoomed 11% and is presently trading at Rs 264. Meanwhile, the BSE 500 Index is at 21,062 (down 0.1%). Among the top Gainers in the BSE 500 Index today is MOTHERSON SUMI (up 10.6%). CITY UNION BANK and CAPLIN POINT are among the top losers today . Over the last one year, MOTHERSON SUMI has moved up from Rs 96 to Rs 264, registering a gain of Rs 167 (up 172.0%). On the other hand, the BSE 500 has moved up from 12,726 to 21,062, registering a gain of 8,336 points (up 65.2%) during the last 12 months. The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI TOTAL GAS (up 1218.8%), MAGMA FINCORP (up 972.1%) and INTELLECT DESIGN (up 965.8%). .onelinead {font-family: Roboto,sans-serif !important;font-size: 16px !important; text-align: center !important;} .onelinead a {border-bottom: 0px !important;} .onelinead a:hover {text-decoration:underline;border-bottom: color: rgb(0, 0, 255);} Important: When Tanushree Banerjee Dropped a "Big Bombshell"
City Union Bank Ltd NSE :CUB BSE :532210 Sector : Banks Post result announcement on 28-May-2021 stock has seen profit booking and stock dragged 3% lower in Tuesdays (1-June-2021) trading session. Stock closed at 167.05 on NSE. City Union Bank reported net profit at Rs 111.18 crore for Q4 FY21 compared to a net The post Is the correction in City Union Bank (CUB) a buying Opportunity? appeared first on Equitypandit .
Sharekhan is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 225 in its research report dated May 28, 2021.
City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 12988.49 Crore).
For the year ending March 31, 2021, net profits of the bank grew to Rs 592.82 crore from Rs 476.31 crore.
Joint Corp. will join the S&P SmallCap 600 Index, replacing Cubic, which has agreed to be acquired by Veritas Capital and hedge fund Elliott.
Things by and large stable after last RBI policy statement, says N Kamakodi, MD & CEO, City Union Bank, in an interview with ET NOW.
Warburg Pincus-backed industrial and logistics development platform ESR India has leased 108,000 sq ft prime industrial real estate at its Chennai industrial park to CUBIC, a leading international player in the electromechanical industry.This will be the European company’s first manufacturing facility in India that will provide products and solutions for a wide range of sectors such as marine, infrastructure, power, manufacturing, renewable energy, offshore, mining, and data centres across the country.The space has been leased for a tenure of five years with the agreement providing for an option to increase it later.“This development firmly demonstrates the continued demand for ESR’s strategically located, state-of-the-art industrial & logistics facilities, and the confidence we have earned among international clients. Chennai has always been one of the key markets in our portfolio with a robust industrial ecosystem. We look forward to bringing more high-quality occupiers to this facility soon,” said Abhijit Malkani and Jai Mirpuri, Country Heads, ESR India.According to them, the company’s global experience along with local execution capabilities has enabled it to anticipate the needs of CUBIC and structure solutions that supported their business plan.“CUBIC is excited to set up our production facility at ESR Oragadam Industrial & Logistics Park in Chennai.
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed 82006138 Where the fund invests 82006148 Basic factsDate of launch: 29 MARCH 2005Category: EquityType: Mid-capAUM (As on 28 Feb 2021): Rs 4,774 crBenchmark: NIFTY Midcap 150 Total Return Index What it costsNAV (As on 6 April 2021)Growth option: Rs 107.4447Dividend: Rs 43.9024Minimum sip amount: Rs 500Expense ratio (As on 28 Feb 2021) (%): 2.12Exit load: 1% for redemption within 365 days Fund Managers: Sohini AndaniTenure: 10 years, 8 months Top 5 sectors in portfolio (%) 82006160 Top 5 stocks in portfolio (%) 82006168 Recent portfolio changesNw Entrants: Indigo Paints (Jan). MindTree (Feb)Complete Exits: Bandhan Bank, Burger King India (Jan). Sadbhav Engineering (Feb)Additions: NCC (Jan). Tube Investments Of India, City Union Bank (Feb).How risky is it? 82006179Should You BuyApart from its mid-cap focus, the fund prefers exposure to small-caps over large-caps given the longer runway for growth in the former.
City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 12375.60 Crore).
Cubic, Synnex, Kansas City Southern, ZoomInfo and Oasis Petroleum are five top stock gainers for Monday.
JD.com to invest US$800m in on-demand delivery platform Dada Group BEIJING: China's JD.Com said on Monday it would invest US$800 million (RM3.29 billion) in on-demand delivery platform Dada Group, following which the e-commerce firm will own about 51% of Dada. The investment comes at a time when JD.com is spinning off its logistics business, the in-house delivery network that gave it competitive advantage over larger rival Alibaba Group. JD had merged its online-to-offline unit, JD Daojia, with Dada in 2016. Dada-JD Daojia, a Chinese online grocery and delivery firm, then in 2018 raised US$500 million from Walmart Inc and JD. JD.com on Monday also agreed not to sell, transfer or dispose of any shares bought in the deal for six months after the closing. – Reuters Cubic Corp receives US$2.4b buyout offer from Singapore's ST Engineering BENGALURU: Cubic Corp said on Monday it had received an unsolicited offer from Singapore's ST Engineering to buy the company for about US$2.4 billion (RM9.87 billion), boosting the software maker's shares to match the offer price of US$76.
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today confirmed that it recently received an unsolicited proposal from Singapore Technologies Engineering (SGX: S63; Bloomberg-STE: SP) (“ST Engineering”) to acquire all of Cubic’s outstanding stock for $76 per share in cash (the “STE Proposal”). The STE Proposal contemplates that, immediately following the acquisition of all of Cubic’s outstanding stock, STE would sell Cubic’s CMPS business to an affiliate of
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division was awarded the U.S. Navy’s Sailor 2025 Ready, Relevant Learning (RRL) Fiscal Year 2021 (FY21) Content Conversion Indefinite Delivery/Indefinite Quantity (IDIQ) contract. The single-source IDIQ has a $92.3 million contract ceiling and a four-year ordering period. Under the contract, Cubic will deliver the third wave of content conversion under the RRL pil
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.HOW THE FUND HAS PERFORMED 81240302WHERE THE FUND INVESTS 81240310BASIC FACTSDate of Launch: 10 April 1999Category: EquityType: ELSSAUM (As on 31 Jan 2021): Rs 4,151 crBenchmark: NIFTY 500 Total Return IndexWHAT IT COSTSNAV(As on 23 Feb 2021)Growth option: Rs 701.3175Dividend: Rs 42.9452Minimum Investment: Rs 500Minimum SIP Amount: Rs 500Expense Ratio(As on 31 Dec 2020) (%): 1.89Exit load: 0%FUND MANAGERS: R. Janakiraman, Lakshmikanth ReddyTenure: 4 years, 8 months eachTop 5 sectors in portfolio (%) 81240336Top 5 stocks in portfolio (%) 81240349Recent portfolio changesNew Entrants: Housing Development Finance Corp (Jan)Complete Exits: Dish TV India (Nov). Ambuja Cements (Dec. Titan Company, TVS Motor (Jan).Additions: Kotak Mahindra Bank, City Union Bank (Jan)How risky is it? 81240360Source: Value ResearchShould you buy?This fund has always maintained a large-cap bias while retaining a sizeable presence in mid and small-cap stocks.
Cubic (NYSE:CUB) declared a dividend payable on March 12, 2021 to its shareholders as of February 22, 2021. It was also announced that shareholders of …
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cubic Corporation (NYSE: CUB) to Veritas Capital and an affiliate of Elliott Investment Management L.P. Under the terms of the proposed transaction, shareholders of Cubic will receive only $70.00 in cash for each share of Cubic that they own. KSF is seeking to determine whether this consideration and the proce
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) today announced that its Cubic Mission and Performance Solutions (CMPS) business division signed an agreement with Alea, a company specializing in mission-critical communications software, for the joint development of public safety and tactical broadband solutions. Solutions developed under the partnership will leverage the 3rd Generation Partnership Project (3GPP) standardization body's Mission-Critical Push-To-Talk (MCPTT) specificatio
NEW YORK , Feb. 15, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16 th Floor New York , NY 10036 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com Cubic Corporation (NYSE: CUB ) Full story available on Benzinga.com
NEW YORK, Feb. 12, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is…
Cubic Corp. has agreed to be acquired by Veritas Capital and Evergreen Coast Capital in a deal valued at $2. The post Cubic Inks $2.8B Buyout Deal With Veritas Capital, Evergreen; Shares Spike 10% appeared first on Smarter Analyst .
Private sector lender City Union Bank (CUB) said the bank has identified accounts worth Rs 1,037 crore for restructuring during the fourth quarter of the current fiscal.
Shares of Cubic Corp. undefined surged 8.4% toward a one-year high in premarket trading Monday, after the defense contractor announced an agreement to be…
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced its financial results for the first fiscal quarter ended December 31, 2020. In light of today’s announcement by the Company that it has entered into an Agreement and Plan of Merger for the proposed acquisition of the Company by Veritas Capital and Evergreen Coast Capital Corporation, the Company will not be hosting a conference call to discuss these financial results and will discontinue providi
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) (“Cubic” or the “Company”) today announced that it has entered into a definitive agreement (the “Agreement”) with an affiliate of Veritas Capital (“Veritas”), under which Veritas and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P. (“Elliott”), will acquire Cubic for $70.00 per share in cash. Under the terms of the Agreement, Cubic shareholders will receive $70.00 in cash for each shar
City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 12634.04 Crore).
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division was awarded a contract option worth $39 million by the New York Metropolitan Transportation Authority (MTA) to upgrade the fare payment system for Long Island Rail Road and Metro-North Railroad. This contract expands phase four of the OMNY contract with MTA to upgrade legacy systems to a new account-based contactless fare payment system for New York City transit, MTA
The gross NPA was at 2.94% and the net NPA at 1.47%, compared with 3.50% and 1.95%, respectively. The provision coverage ratio was at 73%. CUB in a release said there was no addition to NPA during the Q3FY21 because of the standstill clause as directed by the Supreme Court.
Bank's total income during the third quarter of financial year 2020-21, however, moved up to Rs 1,277.80 crore as against Rs 1,203.24 crore in the same period of 2019-20, City Union Bank said in a regulatory filing.
During the quarter it made Rs 125 cr additional provision towards Covid contingencies, total provisions at Rs 465 cr as on December 31, 2020
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE: CUB) today announced its Cubic Mission and Performance Solutions (CMPS) business division has added *FirstNet® push-to-talk (PTT) compatibility to its Vocality RoIP and M3-SE-MFGW interoperability gateways. The Cubic Vocality RoIP and M3-SE- MFGW interoperability gateways, now FirstNet Ready™, support access to the dedicated FirstNet network core, First Priority® – which includes always-on priority and preemption for first responders – and th
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced its Cubic Transportation Systems (CTS) business division launched Umo™, a fully-integrated suite of platforms for riders, transit agencies and mobility service providers to complement its existing portfolio of transportation technology. Umo is a flexible suite of products that enables riders to conveniently pay fares and plan trips across public and private modes, earn rewards for riding public transit and access real-time
Tamil Nadu-based City Union Bank (CUB) is now available on India rsquo;s most popular messaging application mdash;Whatsapp.
ICICI Securities raised the targets on HDFC Bank, Axis Bank, SBI, IndusInd Bank, Bandhan Bank, Federal Bank, DCB Bank, Kotak Mahindra Bank, City Union Bank and YES Bank by 13-57 per cent
Edelweiss Professional Investor Research has a "buy" rating on the shares of City Union Bank, which maybe a good year end-end pick. According to the broking firm, this is one of the fastest growing small-sized bank with a rare status of
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced it is joining fellow American Public Transportation Association (APTA) members and industry partners to collectively fight to #SavePublicTransit with a day of mobilization and engagement. Organized by APTA, #SavePublicTransit Day shines a light on the dire financial crisis facing the public transportation industry and urges elected officials to take immediate action. It is critical that Congress move forward and provide em
Traders should try to create a long position keeping a close eye on 13,400
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SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation (NYSE:CUB) today announced it was named a winner of the San Diego Business Journal’s (SDBJ) “Corporate and Social Responsibility, Diversity, Equity and Inclusion Awards 2020.” Cubic was recognized for its Corporate Social Responsibility efforts in the Large Public Company category. The SDBJ’s Corporate and Social Responsibility, Diversity, Equity and Inclusion Awards program recognizes companies and organizations that have implemented significant ca
The "Global Intelligent Transportation System Market 2030 " Industry Report is a professional and in-depth study on the current state of the Intelligent Transportation System Market by InsightSlice. The Intelligent Transportation System Market is supposed to demonstrate a considerable growth