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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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Monotype India gets extension to hold AGM
Nov 28,2016

Monotype India announced that the Registrar of Companies, Mumbai, vide its letter dated 28 November 2016, has approved the Companys application regarding extension of time for holding the AGM of the Company for a further period of 1 month and to be held within 31 December 2016 for the Financial Year ended 31 March 2016.

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Bhartiya International allots equity shares
Nov 28,2016

Bhartiya International announced that the Nomination and Remuneration Committee of Board of Directors of the Company had allotted 10709 Equity Shares of Rs. 10/- each under the Employees Stock Option Plan 2013 to the employees, who had exercised the option at an exercise price of Rs. 50/- in the meeting held on 28 November 2016. These shares shall rank pari-passu with the existing equity shares of the Company.

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Panasonic Carbon India Company appoints company secretary & compliance officer
Nov 28,2016

Panasonic Carbon India Company announced that P. Maheswari, has been appointed as Company Secretary and Compliance Officer of the Company with effect from 02 November 2016.

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Alankit fixes record date for stock split
Nov 28,2016

Alankit has fixed 16 December 2016 as the Record Date for the purpose of sub-division / stock split of Rs. 2/- per share of the Company into the shares of Re. 1/- each.

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Rabi Crops Sowing Crosess 327 Lakh Hactare
Nov 28,2016

As per preliminary reports received from the States, the total area sown under Rabi crops as on 25th November, 2016 stands at 327.62 lakh hectares as compared to 313.17 lakh hectare this time in 2015.

Wheat has been sown/transplanted in 127.15 lakh hectares, rice in 6.82 lakh hectares, pulses in 95.09 lakh hectares, coarse cereals in 34.35 lakh hectares and area sown under oilseeds is 64.21 lakh hectares.

The area sown so far and that sown during last year this time is as follows:

 Lakh hectare 

CropArea sown in 2016-17Area sown in 2015-16Wheat127.15117.32Rice6.829.10Pulses95.0988.12Coarse Cereals34.3542.37Oilseeds64.2156.26Total327.62313.17

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Alankit gains after fixing record date for stock split
Nov 28,2016

The announcement was made during market hours today, 28 November 2016.

Meanwhile, the S&P BSE Sensex was down 14.09 points or 0.05% at 26,302.25.

On BSE, so far 2.07 lakh shares were traded in the counter as against average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 55 and a low of Rs 51.90 so far during the day. The stock had hit a record high of Rs 85.40 on 20 October 2016. The stock had hit a 52-week low of Rs 23.18 on 9 December 2015. The stock had underperformed the market over the past one month till 25 November 2016, declining 28.78% compared with the Sensexs 6.32% fall. The scrip had also underperformed the market in past one quarter, sliding 28.56% as against the Sensexs 5.46% fall.

The small-cap company has equity capital of Rs 14.30 crore. Face value per share is Rs 2.

Alankits net profit jumped 121.6% to Rs 1.64 crore on 594.8% growth in total income to Rs 18.62 crore in Q2 September 2016 over Q2 September 2015.

Alankit has interests in e-governance, financial services, health care & insurance broking services.

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Volumes jump at Mac Charles (India) counter
Nov 28,2016

Mac Charles (India) clocked volume of 67.51 lakh shares by 13:43 IST on BSE, a 1383.03-times surge over two-week average daily volume of 5,000 shares. The stock rose 0.94% to Rs 645.

Lux Industries notched up volume of 1.76 lakh shares, a 55.03-fold surge over two-week average daily volume of 3,000 shares. The stock rose 1.12% to Rs 764.

Uflex saw volume of 2.54 lakh shares, a 7.31-fold surge over two-week average daily volume of 35,000 shares. The stock rose 8.43% to Rs 285.

Manpasand Beverages clocked volume of 1.53 lakh shares, a 5.67-fold surge over two-week average daily volume of 27,000 shares. The stock fell 3.23% to Rs 625.05.

Shilpa Medicare saw volume of 84,000 shares, a 4.24-fold rise over two-week average daily volume of 20,000 shares. The stock rose 8.39% to Rs 675.90.

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ASSOCHAM urges Govt to ease cash limits for logistic fleet operators
Nov 28,2016

As India Inc supports Prime Minister Mr Narendra Modis battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew members including truck drivers and cleaners.

Drawing inputs from various sources, a latest ASSOCHAM study on Transport and Logistics has noted that close to 10 per cent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take 7-8 days on a single trip.

n++The entire expenses of the drivers and other crew are to be met by cash. In the wake of the demonetisation of high value notes, the fleet owners are facing problems of operations,n++ said the chamber.

While the fuel accounts for 52-66 per cent of the total trip expenses, another 25-40 per cent are to be accounted for sub heads like tolls, octroi, speedy clearance at check posts etc. n++Traditionally, all this money was required in cash. The driver also acts as a petty cashier. The note ban has come as a bottleneck to the transport business.n++

The chamber has urged the government to review the cash withdrawal limit of Rs 50,000 from the current account per week and raise to minimum Rs 4-5 lakh, which is bare minimum.

Besides, the fleet owners face other problems which need to be resolved for improving the overall efficiency of the fleet owners and ease of doing business. Faster turnaround of trucks alone in the absence of check posts may improve the operational efficiency of the road transport sector.

Presently, there are 177 inter-state check posts and 268 toll barriers on national highways. The ASSOCHAM study suggested that to promote seamless inter-state freight flows; green channel should be adopted for transit of secure/sealed containerized cargo.

About 75 per cent of trucking firms own small fleets of less than five trucks. The industry has largely been operating in an unorganised sector and has not really taken to the main stream.

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Alok Industries leads gainers in A group
Nov 28,2016

Alok Industries jumped 11.62% to Rs 2.69 at 13:25 IST. The stock topped the gainers in the BSEs A group. On BSE, so far 19.73 lakh shares were traded in the counter as against average daily volume of 31.57 lakh shares in the past two weeks.

Edelweiss Financial Services galloped 8.36% at Rs 102.45. The stock was second biggest gainer in A group. On BSE, so far 2.06 lakh shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past two weeks.

Jindal Steel & Power spurted 7.29% to Rs 71.40. The stock was third biggest gainer in A group. On BSE, so far 12.70 lakh shares were traded in the counter as against average daily volume of 8.71 lakh shares in the past two weeks.

Mangalore Refinery & Petrochemicals gained 6.64% at Rs 93.90. The stock was fourth biggest gainer in A group. On BSE, so far 2.93 lakh shares were traded in the counter as against average daily volume of 79,000 shares in the past two weeks.

Amtek Auto rose 5.7% to Rs 40.80. The stock was fifth biggest gainer in A group. On BSE, so far 7.14 lakh shares were traded in the counter as against average daily volume of 5.42 lakh shares in the past two weeks.

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Gayatri BioOrganics enters into business transfer agreement
Nov 28,2016

Gayatri BioOrganics has entered in to Business Transfer Agreement for transferring its business of manufacturing and selling starch, sorbitol and other by products along with selling its units i.e. Unit-I Situated at NH-9, Nandikandi Village, Sadasivapet Mandal, Medak District, Telangana and Unit-II Situated at Balabadrapuram Village, Biccavole Mandal, East Godavari District, Andhra Pradesh on a Slump Sale basis.

In the process the Company has identified Bluecraft Agro, a company registered under the Companies Act, 2013, having its registered office at 9, Ambalal Park, Jawahar Chowk, Sabarmati, Ahmedabad, Gujarat- 380005 as Potential Purchaser to complete the slump sale for a consideration of Rs. 1001/-, subject to fulfillment of conditions precedent as per the Business Transfer Agreement.

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Shares of Lincoln Pharmaceuticals get delisted from Ahmedabad Stock Exchange
Nov 28,2016

Lincoln Pharmaceuticals announced that pursuant to the application made by the Company to ASEL for voluntary delisting of its Equity shares as per the provision of SEBI (Delisting of Equity Shares) Regulations, 2009. ASEL has vide its letter dated 23 November 2016 granted the approval for delisting of Equity Shares of the Company and accordingly the Equity shares of the company stand de-listed from ASEL with effect from 24 November 2016.

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Ramco Systems secures order from G&D Integrated Administration LLC
Nov 28,2016

Ramco Systems announced that the Companys subsidiary, Ramco Systems Corporation., USA, has secured an order from G&D Integrated Administration LLC, Morton IL, USA for Ramco ERP.

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FM: Present Government to make an extensive social welfare system which will focus primarily on better education system and effective healthcare
Nov 28,2016

The Union Finance Minister Shri Arun Jaitley said that one of the major priorities of the present Government is to make an extensive social welfare system which will focus primarily on better education system and effective healthcare especially for the children, women and senior citizens of the country. He said that as the allocation of resources to the Social Sector by the Government is increasing with time, therefore, the need of the hour is to bring substantial changes in Social sector through better policies and their timely implementation. The Finance Minister Shri Jaitley was speaking during his Third Pre -Budget Consultative Meeting for the Union Budget 2017-18 with the representatives of different Social Sector Groups.

The Finance Minister Shri Jaitley further said that the inclusive growth is high on the priority of the present Government and the Government will take adequate measures to ensure social security for all especially for the vulnerable section of society including the children, women and senior citizens of the country.

Most of the Social Sector representatives gave different suggestions to the Finance Minister for the forthcoming Union Budget 2017-18. Major suggestions include that in the next Budget, allocation to social sector schemes must be increased and a mechanism be established to monitor proper implementation of all such schemes. It was suggested to monitor to ensure that the schools have access to safe drinking water & sanitation. Other suggestions include more focus in the Budget on healthcare for the workers especially those working in mining sector etc. It was also suggested that vacancies of Doctors, nurses and teachers must be filled so that these public services remain unaffected. There is strong need to strengthen DIETS and quality of primary and secondary education in the country. Various suggestions came about increasing allocation on education and healthcare sectors in the upcoming General Budget 2017-18. It was also suggested that all the tobacco products should be highly taxed primarily because of health concerns.

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Indias natural gas production falls 1.4% in October 2016
Nov 28,2016

Indias natural gas production declined 1.4% to 2.76 billion cubic meters (bcm) in October 2016 over a year ago. Natural gas output of ONGC rose 5.7% to 1.94 bcm, but that of private and JV companies dipped 19.4% to 0.57 bcm. Meanwhile, the natural gas production of Oil India also fell 3.4% to 0.25 bcm in October 2016.

Natural gas output declined 4.0% to 18.48 bcm in April-October 2016 over April-October 2015.

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Modi Government released Rs. 118 crore for the year 2016-17 for farm mechanization: Shri Radha Mohan Singh
Nov 28,2016

Union Agriculture and Farmers Welfare Minister, Shri Radha Mohan Singh has said that it is essential to use maximum and best technology available resources in fast changing world and growing world economic competition so that domestic requirement of food grains can be met and export may be promoted.

Agriculture Minister said that farm mechanization has become an important part of crop production, processing and transport but it is facing double challenges in the whole world. The first challenge is to increase the supply of food for growing population and the second is the protection of environment. He said that the challenge of farm mechanization still exists in India. Most of our land holding is a small, therefore, commercial use is not proving beneficial but government ensuring the availability of farm machine- rota vator, blow sprayer, cotton cultivator, cutter and shredder through the establishment of custom hiring centre for those farmers who cannot buy costly farm machines. Four regional farm machinery training and testing institutes have been established in the country which cater to the needs of standard and quality farm machinery and equipments.

Shri Singh informed that farm mechanization sub-mission has been started from 2014-15 for the purpose of promoting farm mechanization in the country by Ministry of Agriculture and Farmers Welfare. The aim of the sub-mission is to promote farm mechanization for small and marginal farmers and to promote farm mechanization where there is less availability of farm machines.

The Minister further said that the Modi government released Rs. 340 crore for this sector in last two years i.e. 2014-16 whereas the previous government released only Rs. 62 crore between 2012-14. Shri Singh said that Centre Government has released Rs. 118 crore for this purpose.

Shri Singh said that food safety, rural employment and soil conservation, sustainable natural resource management and bio-diversity production are essential for sustainable technology and total rural development. Sustainable development of agriculture is required for increase in rural income, doubling the income of farmers and catering to the needs of food and nutrition and farm mechanization plays an important role in it. He said that Brazil, Russia, India, China and South Africa (Five BRICS countries) along with Japan and Turkey are in the category of the markets of modern farm machines.

On the occasion, Agriculture Minister said that the book is good and readers will like it. He said that the officers of Ministry of Agriculture and Officials of FICCI have provided qualitative material for it. He praised social liability council for the publication of this book.

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