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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Suyog Telematics complets acquisition of tower business of Nisa Industrial Services
Dec 12,2016

Suyog Telematics has completed the acquisition of the tower business (all tower assets on a no liability basis) of Nisa Industrial Services along with rights and licenses there forth.

This acquisition would add an aggregate of 209 active cell tower assets across Mumbai, Gujarat, Delhi & NCR, and Maharashtra telecom circles and hence marks a landmark event in the expansion of the companys telecom infrastructure capacity build up.

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Dune Mercantile announces change in MD
Dec 12,2016

Dune Mercantile announced that Harishkumar Kailashchandra Panwar has resigned as a Managing Director of the Company and Board has appointed Kamlesh Solanki as a Managing director of the Company.

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Dune Mercantile announces change in MD
Dec 12,2016

Dune Mercantile announced that Harishkumar Kailashchandra Panwar has resigned as a Managing Director of the Company and Board has appointed Kamlesh Solanki as a Managing director of the Company.

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Borosil Glass Works surrenders land in Andheri (East), Mumbai
Dec 12,2016

Borosil Glass Works announced that the Company has a vacant land admeasuring 4237 sq. mtr. at J. B. Nagar, Andheri (East), Mumbai. The said land was reserved by Municipal Corporation of Greater Mumbai (MCGM) in their Development Plan for the Purpose of Recreation Ground (R.G.).

The Deputy Collector, Land Acquisition, Mumbai Suburban has asked the Company vide its letter dated 07 December 2016 to surrender the said land on 16 December 2016 for the purpose of recreation ground against a compensation amount of Rs. 94,44,24,162/- out of which the Company is required to pay to MCGM Rs. 3,56,22,100/- towards cost of training of Nalla on the said land by them. The Company is in the process of obtaining the copy of the award, on receipt of which it will decide whether to accept the same or not.

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Borosil Glass Works surrenders land in Andheri (East), Mumbai
Dec 12,2016

Borosil Glass Works announced that the Company has a vacant land admeasuring 4237 sq. mtr. at J. B. Nagar, Andheri (East), Mumbai. The said land was reserved by Municipal Corporation of Greater Mumbai (MCGM) in their Development Plan for the Purpose of Recreation Ground (R.G.).

The Deputy Collector, Land Acquisition, Mumbai Suburban has asked the Company vide its letter dated 07 December 2016 to surrender the said land on 16 December 2016 for the purpose of recreation ground against a compensation amount of Rs. 94,44,24,162/- out of which the Company is required to pay to MCGM Rs. 3,56,22,100/- towards cost of training of Nalla on the said land by them. The Company is in the process of obtaining the copy of the award, on receipt of which it will decide whether to accept the same or not.

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Board of Kothari World Finance to consider change in directorate
Dec 12,2016

Kothari World Finance announced that the meeting of Board of Directors of the Company is scheduled to be held on 16 December 2016, for considering and adopting the following Business:

1. Appointment of Vivek Mhatre and Atheva Mayekar as additional Director of the Company.

2. Proposal to appoint Vivek Mhatre and Atheva Mayekar as Independent Directors subject to Shareholders approval.

3. Acceptance of Resignation of M/S. Shahade and Associates.

4. Proposal to appoint Statutory Auditor of the Company in place of M/S. Shahade and Associates to fill up the casual Vacancy caused due to the resignation of M/S. Shahade & Associates subject to Shareholders approval.

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Gulshan Polyols fixes record date for sub-division of shares
Dec 12,2016

Gulshan Polyols announced that the Company has fixed 28 December 2016 as the Record Date for the purpose of sub-division / stock split of Rs. 5/- per share of the Company into the shares of Re. 1/- each.

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Gulshan Polyols fixes record date for sub-division of shares
Dec 12,2016

Gulshan Polyols announced that the Company has fixed 28 December 2016 as the Record Date for the purpose of sub-division / stock split of Rs. 5/- per share of the Company into the shares of Re. 1/- each.

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Alkem Lab drops after receiving observations from USFDA for API facility
Dec 12,2016

The announcement was made during market hours today, 12 December 2016.

Meanwhile, the S&P BSE Sensex was down 130.87 points or 0.49% at 26,616.31.

More than usual volumes were witnessed on the counter. On the BSE, 15,540 shares were traded in the counter so far as against average daily volume of 9,124 shares in the past one quarter. The stock had hit a high of Rs 1,685 and a low of Rs 1,588 so far during the day. The stock had hit a record low of Rs 1,175 on 2 May 2016. The stock had hit a record high of Rs 1,852.95 on 29 September 2016.

The stock had outperformed the market over the past one month till 9 December 2016, rising 1.48% compared with the Sensexs 1.85% fall. The scrip had also outperformed the market in past one quarter, gaining 4.47% as against the Sensexs 7.12% fall.

The large-cap company has equity capital of Rs 23.91 crore. Face value per share is Rs 2.

Alkem Laboratories announced that United States Food & Drug Administration (USFDA) had conducted an inspection at the companys active pharmaceutical ingredient manufacturing facility located at Ankleshwar, India from 5 December to 9 December 2016.

The company has received the inspection report from the USFDA which contains three 483 observations after the inspection. The company shall put together a detailed response with adequate corrective and preventive measures to address the USFDA observations and the same is proposed to be filed within the timeline stipulated by USFDA.

An FDA form 483 is issued to firm management at the conclusion of an inspection when an investigator has observed any conditions that in their judgement may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.

Alkem Laboratories consolidated net profit rose 6% to Rs 282.83 crore on 18.6% growth in net sales to Rs 1615.01 crore in Q2 September 2016 over Q2 September 2015.

Alkem Laboratories is a pharmaceutical company with global operations, engaged in the development, manufacture and sale of pharmaceutical and nutraceutical products.

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IFCI announces change in directorate
Dec 12,2016

IFCI announced that Malay Mukherjee, Chief Executive Officer & Managing Director and Achal Kumar Gupta, Deputy Managing Director have ceased to be on the Board of the Company, pursuant to the completion of their tenure on 11 December 2016.

Further, based on the order received from Ministry of Finance assigning additional charge to Sanjeev Kaushik (IAS-KL 92) as Deputy Managing Director of IFCI, Board of IFCI has inducted Sanjeev Kaushik as Director and appointed him as Deputy Managing Director w.e.f 12 December 2016.

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TCPL Packaging commissions new offset printing machine
Dec 12,2016

TCPL Packaging has commissioned a new 7 colour offset printing machine along with requisite post printing equipment at their existing plant in Silvassa.

The Company has commenced production with effect from 07 December 2016 and it has an annual capacity to convert 9000 T of paperboard. The printing line has been imported from Germany.

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Volumes jump at Westlife Development counter
Dec 12,2016

Westlife Development clocked volume of 6.27 lakh shares by 12:25 IST on BSE, a 236.43-times surge over two-week average daily volume of 3,000 shares. The stock fell 4.55% to Rs 161.55.

Fiberweb (India) notched up volume of 4.41 lakh shares, a 12.45-fold surge over two-week average daily volume of 35,000 shares. The stock rose 19.98% to Rs 157.05.

D-Link (India) saw volume of 9.71 lakh shares, a 8.96-fold surge over two-week average daily volume of 1.08 lakh shares. The stock rose 14.02% to Rs 113.85.

Rolta India clocked volume of 10.94 lakh shares, a 8.11-fold surge over two-week average daily volume of 1.35 lakh shares. The stock rose 17.29% to Rs 64.10.

NBCC (India) saw volume of 9.32 lakh shares, a 7.28-fold rise over two-week average daily volume of 1.28 lakh shares. The stock fell 0.30% to Rs 232.40.

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Board of Surat Textile Mills agrees to infuse Rs 30 crore in Garden Silk Mills
Dec 12,2016

Surat Textile Mills announced that the Board of Directors of the Company at its meeting held on 24 October 2016 approved the proposal for investment of Rs 30 crore in convertible securities / warrants to be issued by the Garden Silk Mills, a group company.

The Board approved the proposal and agreed to infuse the funds of Rs 30 crore in Garden Silk Mills to support the debt rework scheme being appraised by the consortium member banks in Garden Silk Mills and to enhance its long term resources.

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Shilpi Cable edges higher after completing expansion program
Dec 12,2016

The announcement was made on Sunday, 11 December 2016.

Meanwhile, the BSE Sensex was down 124.81 points, or 0.47%, to 26,622.37.

On the BSE, 54,766 shares were traded in the counter so far, compared with an average volume of 73,451 shares in the past one quarter. The stock had hit a high of Rs 204 and a low of Rs 199.05 in intraday trade. The stock had hit a record high of Rs 211.55 on 2 September 2016. The stock had hit a 52-week low of Rs 44 on 26 February 2016.

The stock had outperformed the market over the past one month till 9 December 2016, rising 1.65% compared with the Sensexs 1.85% fall. The scrip had also outperformed the market in past one quarter, declining 1.99% as against the Sensexs 7.12% fall.

The small-cap company has an equity capital of Rs 110.63 crore. Face value per share is Rs 10.

Shilpi Cable Technologies announced that the expansion program for setting up of copper up cast for manufacturing of oxygen free copper rods & copper magnesium rods has been completed.

The machinery & technology has been imported from UK & it is one of the latest technology which will help the company not only to boost its revenue & margin but also give edge over its competitors, Shilpi Cable said.

On a consolidated basis, net profit of Shilpi Cable Technologies rose 100.7% to Rs 53.70 crore on 45.6% rise in net sales to Rs 1197.33 crore in Q2 September 2016 over Q2 September 2015.

Shilpi Cable Technologies is a specialist across the varieties of cables widely used in telecom, automotive and energy segment.

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Jagran Prakashan provides business update for subsidiary - Music Broadcast
Dec 12,2016

Jagran Prakashan announced that Music Broadcast, subsidiary of the Company has commenced broadcast from its Radio Station at Kota and Udaipur (which was acquired under Phase III auctions held last financial year).

The frequency for Kota location is 91.1 F.M. and for Udaipur location is 91.1 F.M.

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