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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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PTC India Financial Services announces cessation of director
Nov 28,2016

PTC India Financial Services announced that S. K. Tutjea has ceased to be the Independent Director from the Board of the PTC India Financial Services Limited (PFS) w.e.f. 26 November 2016 consequent to his resignation.

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Aurobindo Pharma inches up after pact with Teva in France
Nov 28,2016

The announcement was made after market hours on Friday, 25 November 2016.

Meanwhile, the S&P BSE Sensex was down 60.06 points or 0.23% at 26,256.28.

On BSE, so far 9,326 shares were traded in the counter as against average daily volume of 2.12 lakh shares in the past one quarter. The stock hit a high of Rs 748.45 and a hit a low of Rs 739 so far during the day. The stock had hit a record high of Rs 895 on 6 October 2016. The stock had hit a 52-week low of Rs 582 on 25 February 2016. The stock had underperformed the market over the past one month till 25 November 2016, declining 10.23% compared with the Sensexs 6.32% fall. The scrip had also underperformed the market in past one quarter, sliding 6.25% as against the Sensexs 5.46% fall.

The large-cap company has equity capital of Rs 58.52 crore. Face value per share is Rs 1.

Aurobindo Pharmas French subsidiary Arrow Generiques SAS (Arrow Generiques) will acquire the right, title and interest in products calcium and calcium vitamin D3, including the use of the OROCAL trademark. The transaction is subject to the approval of the European Commission. Following receipt of clearances from European authorities, Arrow Generiques will integrate these products with its existing commercial operations in France, and focus on maximizing their potential. Arrow Generiques and Teva intend to ensure continuity of the supply of the products to the market. This acquisition will enable Arrow Generiques to continue to increase its branded products portfolio and leverage its position as a key player in the drug market. Arrow Generiques is a pharmaceutical company with focus on selling generics on the retail and hospital markets in France since 2002.

On consolidated basis, Aurobindo Pharmas net profit rose 33.5% to Rs 605.64 crore on 12.1% growth in net sales to Rs 3713.58 crore in Q2 September 2016 over Q2 September 2015.

Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical ingredients. The companys manufacturing facilities are approved by several leading regulatory agencies like US FDA, UK MHRA, Japan PMDA, WHO, Health Canada, MCC South Africa, ANVISA Brazil. The companys robust product portfolio is spread over 7 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterological, Anti-Allergies and Anti-Diabetes, supported by an outstanding R&D set-up. The company is marketing these products globally in over 150 countries

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RBI announces an incremental cash reserve ratio (CRR) as a purely temporary measure to absorb surplus liquidity
Nov 28,2016

RBI Announces Measures to Manage Liquidity Conditions With the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes (hereafter referred to as Specified Bank Notes - SBNs) beginning November 9, 2016, there has been a surge in deposits relative to the expansion in bank credit, leading to large excess liquidity in the system. The magnitude of surplus liquidity available with the banking system is expected to increase further in the fortnights ahead. In view of this, it has been decided to absorb a part of this surplus liquidity by applying an incremental cash reserve ratio (CRR) as a purely temporary measure, as under:

a. The CRR remains unchanged at 4 per cent of outstanding net demand and time liabilities (NDTL);

b. On the increase in NDTL between September 16, 2016 and November 11, 2016, scheduled banks shall maintain an incremental CRR of 100 per cent, effective the fortnight beginning November 26, 2016. This is intended to absorb a part of the surplus liquidity arising from the return of SBNs to the banking system, while leaving adequate liquidity with banks to meet the credit needs of the productive sectors of the economy. As the incremental CRR is intended to be a temporary measure within the Reserve Banks liquidity management framework to drain excess liquidity in the system, it shall be reviewed on December 9, 2016 or even earlier.

c. The Reserve Bank has separately revived the Guarantee Scheme to enable deposit of SBN balances at the Reserve Bank or at currency chests and get immediate value. This measure should also facilitate banks compliance with the incremental CRR.

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Tata Motors to hold EGM
Nov 28,2016

Tata Motors announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 22 December 2016.

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Board of Surya Roshni to consider September quarter and half year results
Nov 28,2016

Surya Roshni announced that the meeting of the Board of Directors of the Company will be held on 06 December 2016, inter alia, to approve the Unaudited Quarterly / Half Yearly Results of the Company for the period ended 30 September 2016.

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Aurobindo Pharma in spotlight on pact with Teva in France
Nov 28,2016

Aurobindo Pharma said that its French subsidiary Arrow Generiques SAS, announced the signing of an agreement to acquire select commercial products in France from Teva. Arrow Generiques will acquire the right, title and interest in products calcium and calcium vitamin D3, including the use of the OROCAL trademark. The transaction is subject to the approval of the European Commission. Following receipt of clearances from European authorities, Arrow Generiques will integrate these products with its existing commercial operations in France, and focus on maximizing their potential. Arrow Generiques and Teva intend to ensure continuity of the supply of the products to the market. This acquisition will enable Arrow Generiques to continue to increase its branded products portfolio and leverage its position as a key player in the drug market. Arrow Generiques is a pharmaceutical company with focus on selling generics on the retail and hospital markets in France since 2002. The announcement was made after market hours on Friday, 25 November 2016.

Bharti Airtel announced on Saturday, 26 November 2016 that Bharti Airtel International (Netherlands) BV through its wholly owned subsidiary (Airtel), has completed the acquisition of Econet Wireless entire 4.2% shareholding in Airtel Nigeria. As a result, Airtels overall holding in Airtel Nigeria has increased to 83.25%.

Reliance Industries (RIL) will be in focus. In its clarification with regard to news item titled n++Two killed, six injured in fire at Reliance refineryn++, the company after market hours on Friday, 25 November 2016 said there was an unfortunate flash fire in one of the units under a planned maintenance shutdown in its DTA refinery at Jamnagar. While the Reliance fire brigade extinguished the fire swiftly, this has resulted in injuries to 8 contract workers, who are being provided necessary medical treatment. Inspite of timely medical help provided by Reliance medical staff, unfortunately two of them succumbed to their injuries. All operations of the refinery continue to be normal, RIL said.

Engineering and construction major L&T announced that its wholly owned subsidiary, L&T Hydrocarbon Engineering unveiled a high-tech spool base facilities at L&Ts fabrication facility at Kattupalli in Chennai on 25 November 2016. These facilities are being employed to execute a prestigious lump sum turn key (LSTK) contract that has been bagged from ONGC for a subsea installation by a consortium of J. Ray Mc Dermott S.A., Berlian McDermott & L&T Hydrocarbon Engineering in international competitive bidding. The announcement was made after market hours on Friday, 25 November 2016.

Bosch said that based on the proposal and action plan submitted by the company, the Rajasthan State Pollution Control Board has vide its letter dated 24 November 2016, extended the abeyance order revoking the consent given to operate the companys jaipur plant for further period of three weeks upto 17 December 2016. The company would co-operate with the authorities for early resolution of the matter, Bosch said. The announcement was made after market hours on Friday, 25 November 2016. It may be recalled that the Jaipur plant of Bosch was served with an order dated 27 October 2016 by Rajasthan State Pollution Control Board revoking the consent given to operate the jaipur plant for alleged non-fulfillment of certain conditions with respect to waste water treatment and re-use of the treated water. The company, had therefore, closed the operations at the plant from 28 October 2016. Bosch at that time had put the estimated production loss at about Rs 2.5 crore per day due to closure of operations at the said plant. Jaipur plants license was valid up to 28 February 2017, the company had said at that time.

Tata Steel announced that the company at its meeting held on Friday, 25 November 2016, decided to convene an extraordinary general meeting (EGM) on 21 December 2016, pursuant to the special notice & requisition dated 10 November 2016, received from Tata Sons, promoter and principal shareholder of the company, holding 29.75% of the paid-up ordinary share capital of the company, to consider and if thought fit, to pass the resolutions viz. removal of C. P. Mistry as director of the company and removal of Nusli N. Wadia as director of the company. The announcement was made after market hours on Friday, 25 November 2016.

Vedanta announced that the company proposes to offer rated secured redeemable non-convertible debentures aggregating upto Rs 500 crore and in this regard, the company is holding a meeting of its duly constituted committee of the board on 30 November 2016. The announcement was made after market hours on Friday, 25 November 2016.

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Waterbase standalone net profit declines 59.56% in the September 2016 quarter
Nov 28,2016

Net profit of Waterbase declined 59.56% to Rs 2.60 crore in the quarter ended September 2016 as against Rs 6.43 crore during the previous quarter ended September 2015. Sales declined 14.83% to Rs 79.95 crore in the quarter ended September 2016 as against Rs 93.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales79.9593.87 -15 OPM %6.359.42 - PBDT4.329.46 -54 PBT3.758.96 -58 NP2.606.43 -60

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Uflex standalone net profit rises 17.57% in the September 2016 quarter
Nov 28,2016

Net profit of Uflex rose 17.57% to Rs 59.81 crore in the quarter ended September 2016 as against Rs 50.87 crore during the previous quarter ended September 2015. Sales rose 5.47% to Rs 901.38 crore in the quarter ended September 2016 as against Rs 854.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales901.38854.66 5 OPM %15.4513.12 - PBDT116.81108.56 8 PBT71.9966.80 8 NP59.8150.87 18

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Keltech Energies standalone net profit declines 44.39% in the September 2016 quarter
Nov 28,2016

Net profit of Keltech Energies declined 44.39% to Rs 1.09 crore in the quarter ended September 2016 as against Rs 1.96 crore during the previous quarter ended September 2015. Sales rose 6.46% to Rs 43.34 crore in the quarter ended September 2016 as against Rs 40.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.3440.71 6 OPM %7.918.35 - PBDT2.933.89 -25 PBT1.932.93 -34 NP1.091.96 -44

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Niwas Spinning Mills reports standalone net profit of Rs 0.02 crore in the September 2016 quarter
Nov 28,2016

Net profit of Niwas Spinning Mills reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.44 crore during the previous quarter ended September 2015. Sales rose 91.89% to Rs 1.42 crore in the quarter ended September 2016 as against Rs 0.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.420.74 92 OPM %11.97-35.14 - PBDT0.17-0.26 LP PBT0.02-0.44 LP NP0.02-0.44 LP

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Genus Power Infrastructures standalone net profit declines 42.68% in the September 2016 quarter
Nov 28,2016

Net profit of Genus Power Infrastructures declined 42.68% to Rs 13.28 crore in the quarter ended September 2016 as against Rs 23.17 crore during the previous quarter ended September 2015. Sales declined 35.91% to Rs 128.88 crore in the quarter ended September 2016 as against Rs 201.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales128.88201.10 -36 OPM %15.9618.44 - PBDT19.5333.13 -41 PBT15.6829.73 -47 NP13.2823.17 -43

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Balaji Telefilms reports consolidated net loss of Rs 28.00 crore in the September 2016 quarter
Nov 28,2016

Net loss of Balaji Telefilms reported to Rs 28.00 crore in the quarter ended September 2016 as against net profit of Rs 3.90 crore during the previous quarter ended September 2015. Sales rose 99.07% to Rs 105.21 crore in the quarter ended September 2016 as against Rs 52.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales105.2152.85 99 OPM %-24.8811.96 - PBDT-22.447.57 PL PBT-25.315.40 PL NP-28.003.90 PL

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Balaji Telefilms standalone net profit declines 35.57% in the September 2016 quarter
Nov 28,2016

Net profit of Balaji Telefilms declined 35.57% to Rs 4.42 crore in the quarter ended September 2016 as against Rs 6.86 crore during the previous quarter ended September 2015. Sales rose 19.19% to Rs 60.92 crore in the quarter ended September 2016 as against Rs 51.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.9251.11 19 OPM %10.0817.98 - PBDT9.0210.49 -14 PBT6.318.52 -26 NP4.426.86 -36

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Uflex consolidated net profit rises 16.76% in the September 2016 quarter
Nov 28,2016

Net profit of Uflex rose 16.76% to Rs 90.35 crore in the quarter ended September 2016 as against Rs 77.38 crore during the previous quarter ended September 2015. Sales rose 1.60% to Rs 1501.88 crore in the quarter ended September 2016 as against Rs 1478.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1501.881478.23 2 OPM %15.1214.21 - PBDT187.32175.38 7 PBT109.53103.95 5 NP90.3577.38 17

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Hathway Cable & Datacom reports standalone net loss of Rs 40.44 crore in the September 2016 quarter
Nov 28,2016

Net Loss of Hathway Cable & Datacom reported to Rs 40.44 crore in the quarter ended September 2016 as against net loss of Rs 31.99 crore during the previous quarter ended September 2015. Sales rose 18.59% to Rs 318.84 crore in the quarter ended September 2016 as against Rs 268.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales318.84268.86 19 OPM %16.7216.99 - PBDT32.3029.53 9 PBT-40.44-31.99 -26 NP-40.44-31.99 -26

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