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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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Board of Mac Charles (India) appoints directors
Dec 02,2016

Mac Charles (India) announced that the Board of Directors of the Company at its meeting held on 01 December 2016, P R Ramakrishnan and Aditya Virwani have been co-opted as additional Directors of the Company.

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Bajaj Auto slips after weak sales in November
Dec 02,2016

The announcement was made before trading hours today, 2 December 2016.

Meanwhile, the BSE Sensex was down 166.74 points, or 0.63%, to 26,393.18.

On the BSE, so far 2,755 shares were traded in the counter, compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 2,685 and a low of Rs 2,653.55 so far during the day.

Bajaj Autos domestic sales fell 10% to 1.54 lakh units in November 2016 over November 2015. Exports declined 16% to 1.15 lakh units in October 2016 over October 2015.

Total motorcycle sales fell 12% to 2.37 lakh units in November 2016 over November 2015. Total commercial vehicles sales fell 17% to 32,191 lakh units in November 2016 over November 2015.

On a consolidated basis, Bajaj Autos net profit rose 7.2% to Rs 1200.72 crore on 0.2% decline in net sales to Rs 5949.32 crore in Q2 September 2016 over Q2 September 2015.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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A2Z Infra Engineering allots equity shares
Dec 02,2016

A2Z Infra Engineering announced that the Nomination & Remuneration Committee at its meeting held on 01 December 2016 has approved the allotment of 482,495 equity shares to eligible employees under A2Z Employee Stock Option Plan 2013 and A2Z Employee Stock Option Plan 2014. Consequently, the paid up capital of the Company has increased to 13,01,04,475 equity shares of face value of Rs 10 each.

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Tata Motors sees initial volatility after flat sales in November
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 165.22 points or 0.62% at 26,394.70.

On the BSE, 36,000 shares were traded on the counter so far as against the average daily volumes of 4.47 lakh shares in the past two weeks. The stock had hit a high of Rs 449 and a low of Rs 443.25 so far during the day.

The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 266 on 11 February 2016.

Tata Motors said its passenger and commercial vehicle total sales in November 2016 were at 38,900 units, almost flat compared with 38,918 vehicles sold in November 2015. The companys domestic sales of Tata commercial and passenger vehicles declined 6% to 33,274 units in November 2016 over November 2015. Exports surged 57% to 5,626 units in November 2016 over November 2015.

Tata Motors reported consolidated net profit of Rs 848.16 crore in Q2 September 2016, compared with net loss of Rs 1740.20 crore in Q2 September 2015. Total income rose 7% to Rs 66106.96 crore in Q2 September 2016 over Q2 September 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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Bajaj Auto announces sales figures
Dec 02,2016

Bajaj Auto has reported total sales of 269948 units in November 2016 compared to 309673 units in November 2015, recording a decline of 13%.

Total sales include domestic sales of 154523 units and exports of 115425 units in November 2016.

Total sales include motorcycle sales of 237757 units and commercial vehicle sales of 32191 units, registering decline of 12% and 17% respectively in November 2016 compared to corresponding period of previous year.

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Expansion of Aircraft-Passenger Handling Capacity of IGI Airport
Dec 02,2016

The revised Master Plan, 2016 for IGI Airport Delhi has been finalized in May, 2016. The Master Plan 2016 proposes further development of landside, terminals and airside facilities to correspond to the projected traffic growth in next 20 years. It also proposes expansion of passenger handling capacity of IGI Airport from existing 62 MPPA to 109.3 MPPA in a phased manner.

As per Schedule 1 of Operation Management and Development Agreement signed between Airports Authority of India (AAI) and Delhi International Airport (DIAL), the airport operator have to follow IATA Airport Development Reference Manual with regard to design of airport facilities.

DIAL has recently engaged NATS, a UK firm which is a global provider of air traffic management consulting services. As part of their engagement, NATS will collaborate with the Airports Authority of India (AA), Air Navigation staff to identify procedures and air space enhancements to maximize the aircraft handling capacity of IGI Airport. This engagement has recently commenced and is a multi-phased project which will be completed over the next twelve months.

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Wipro in focus after securing contract from Woodside
Dec 02,2016

Wipro said that it has been awarded a three-year IT infrastructure services and digital transformation contract by Woodside, an Australian oil and gas company. The announcement was made after market hours yesterday, 1 December 2016.

Reliance Industries (RIL) will be in spotlight as the companys telecom unit Reliance Jio Infocomm (Jio) announced that it has crossed 5 crore subscribers in just 83 days from commencement of services on 5 September 2016. The average rate of addition of 6 lakh subscribers per day is the fastest achieved by any technology company in the world including the likes of Facebook, WhatsApp and Skype. The announcement hit the exchanges at the fag end of the market hours yesterday, 1 December 2016.

On this occasion, Jio also announced the launch of Jio Happy New Year Offer (JNO), which will be effective from 4 December 2016. All the Jio subscribers will be entitled to certain special benefits under the JNO, which shall comprise of Jios Data, Voice, Video and the full bouquet of Jio applications and content, absolutely free, up to 31 March 2017. During this offer period, Jio and Jio customers, will be able to continue the journey of co-creating and building the best network experience together.

The benefits will be available to all subscribers signing up for Jio services up to 3 March 2017. The existing Jio Welcome Offer (JWO) users will continue to enjoy the unlimited benefits under JWO up to 31 December 2016, following which they would be automatically signed-up for the JNO as well. Reliance Jio Infocomm, doing business as Jio, is a LTE mobile network operator in India. It is a wholly owned subsidiary of RIL.

IndusInd Bank announced that it proposes to raise funds by issue and allotment of senior unsecured redeemable non-convertible long term bonds in the nature of debentures (infrastructure bonds) for cash aggregating to Rs 1500 crore on private placement basis. The said borrowing shall be within the overall borrowing limits of the bank as may be approved by the shareholders from time to time. The announcement was made after market hours yesterday, 1 December 2016.

Coal India and its subsidiaries achieved 93% of targeted production at 50 million tonnes in November 2016. The company achieved 97% of targeted offtake at 48.16 million tonnes in November 2016. The announcement was made after market hours yesterday, 1 December 2016.

Tata Motors announced that its passenger and commercial vehicle total sales (including exports) in November 2016 were at 38,900 units, almost flat compared with 38,918 vehicles sold in November 2015. The announcement was made after market hours yesterday, 1 December 2016.

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No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance
Dec 02,2016

In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery and ornaments, the following points are hereby categorically clarified:

(a) There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance

(b) Vide circular dated 11 May 1994, instructions have been issued in the matter of search and seizure of gold jewellery.

(c) Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100 gm for male member will not be seized, even if prima facie, it does not seem to be matching with the income record of the assesse.

(e) Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs and traditions.

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5791.54 MU Electricity generated by Cumulative Solar Installations till September 2016
Dec 01,2016

As per information received from Central Electricity Authority (CEA), 5791.54 MU electricity is produced by cumulative solar installations in the country from April 2016 to September 2016.

Quantum of electricity produced by cumulative solar installations in the country is given below

YearEnergy generation (MU)2015-167447.922016-17 *5791.54

* from April-2016 to September, 2016.

Also, comparative percentage of solar energy produced during the last three years and the current year of all renewable energy generation during the period is given below:-

YearSolar Energy generation (MU)Total Renewable Energy generation (MU)% of Solar energy produced2013-143353.8053224.506.3%2014-154599.0261784.937.4%2015-167447.9265780.8511.3%2016-17*5791.5447627.2912.2%

* from April-2016 to September, 2016. (Tentative data received from CEA)

The grid connected solar power  installation capacity during the last three years is given below:

YearSolar Capacity Installed in MW2013-14947.462014-151112.072015-163018.882016-171965

(as on 31.10.2016)

The infrastructure for power evacuation and transmission is taken by state and Centre Transmission Utilities. Government has taken up project for development of Green Energy Corridors in 8 States dedicated for Renewable Energy including Solar energy. The Indian solar market is growing in size, he added.

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Bharatiya Global Infomedia announces change in CFO
Dec 01,2016

Bharatiya Global Infomedia announced that the following:

1. Bharti Partha Saha has resigned from the post of Chief Financial officer due to her preoccupancies.

2. The Company has appointed Sudhir Kumar Singh as a chief Financial officer.

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Mayur Floorings appoints company secretary cum compliance officer
Dec 01,2016

Mayur Floorings has appointed Company Secretary cum Compliance Officer w.e.f 21 November 2016.

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Reliance Jio Infocomm provides business update
Dec 01,2016

Reliance Jio Infocomm announced that it has crossed 50 million subscribers in just 83 days from commencement of services on5 September 2016. The average rate of addition of 6 lakh subscribers per day is the fastest achieved by any technology company in the world including the likes of Facebook, WhatsApp and Skype.

Jio has successfully rolled out eKYC across 2 lakh outlets in India, thereby allowing activation of SIM to get completed in under 5 minutes. More than 95% of the activations are being done in a paperless manner through eKYC. The Company is in the process of doubling the network,to 4 lakh digitally enabled outlets by March 2017.

Jio customers can benefit from the Mobile Number Portability facility such that they can retain their existing number when they migrate to Jio. Jio has also introduced Home Delivery of Jio SIMs, so that the enterprise and high-end customers can get a Jio SIM home-delivered and activated in 5 minutes through eKYC. This feature is being progressively launched acrossIndia through MyJio application and will be available in top 100 cities by 31 December 2016.

Jio also announced the launch of Jio Happy New Year Offer (n++JNOn++), which will be effective from 4 December 2016. All the Jio subscribers will be entitled to certain special benefits under the JNO, which shall comprise of Jios Data, Voice, Video and the full bouquet of Jio applications and content, absolutely free, up to 31 March 2017.

The benefits will be available to all subscribers signing up for Jio services up to 3 March 2017. The existing Jio Welcome Offer (n++JWO) users will continue to enjoy the unlimited benefits under JWO up to 31 December 2016, following which they would be automatically signed-up for the JNO as well.

Jio also announced the launch of the Jio Money Merchant Solution. This solution provides access to Jios suite of services, including customised offerings such as digital money, for a very important segment of the Indian economy. This will enable digital transactions of all types,whether they be at Mandis, small shops, restaurants, Railway ticket counters, for Bus and mass transit and even for person-to-person money transfers.

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Indo Amines announces resignation of director
Dec 01,2016

Indo Amines announced that Suresh Iyer has resigned as the Independent Director w.e.f 28 November 2016.

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Navkar Corporation announces demise of director
Dec 01,2016

Navkar Corporation announced about the sad demise of Rameshchandra Meghraj Purohit, Non-Executive Independent Director of the Company, on 30 November 2016.

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Triton Valves wins Q Award (Quality Gold Consistency Award)
Dec 01,2016

Triton Valves announced that the Company received the Q Award (Quality Gold Consistency Award) from Bajaj Auto. The Award was received by Aditya. M Gokarn - Managing Director of the Company on 30 November 2016 at the event held in Pune.

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