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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Tata Motors inches up after reporting December sales
Jan 03,2017

The sales figures were announced after market hours yesterday, 2 January 2017.

Meanwhile, the S&P BSE Sensex was down 86.33 points or 0.32% at 26,509.12.

On the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past two weeks. The stock had hit a high of Rs 492.75 and a low of Rs 489.15 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. It had outperformed the market over the past one month till 2 January 2017, surging 12.52% compared with the Sensexs 1.39% rise. The scrip had, however, underperformed the market over the past one quarter declining 8.88% as against the Sensexs 4.56% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

The companys domestic sales of Tata commercial and passenger vehicles rose 1% to 35,825 units in December 2016 over December 2015. Exports surged 12% to 5,119 units in December 2016 over December 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. Net sales rose 6.7% to Rs 65140.75 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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MEP Infrastructure Developers receives LoA from NHAI for a road project
Jan 03,2017

MEP Infrastructure Developers announced that the Company has received the Letter of Acceptance (LOA) dated 02 January 2017 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the collection of user fee through Competitive Bidding on e-tender basis only for BRIJGHAT FEE PLAZA at 88.500 for the section from Km 58.000 to km 93.000 (Hapur-Garhmuketeshwar Section) of National Highways No. 24 in the State of Uttar Pradesh.

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Gokak Textiles announces resignation of company secretary
Jan 03,2017

Gokak Textiles announced that due to his personal commitments, Mohan Ketkar has resigned as Company Secretary and Compliance Officer of the Company with effect from 02 January 2017.

Further, the Company has informed that Vikram Nagar, Chief Financial Officer is appointed as the Compliance Officer, for the interim period, till the appointment of a qualified Company Secretary.

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Atlas Jewellery India receives demand notice from IT dept.
Jan 03,2017

Atlas Jewellery India announced that on 02 January 2017 the Company has received demand notice from the Income Tax Department post assessment for the assessment years 2014-15 and 2015-16 totalling to Rs.8,34,11,158 and the Company is allowed to file an appeal against the same within thirty days of receipt of the demand.

The Company is in the process of studying the same and would be filling an appeal against the said notices within the prescribed time.

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Hero MotoCorp skids after weak sales in December
Jan 03,2017

The announcement was made before market hours today, 3 January 2017.

Meanwhile, the BSE Sensex was down 41.44 points, or 0.16% to 26,550.23.

On the BSE, so far 1,476 shares were traded in the counter, compared with average daily volumes of 27,493 shares in the past one quarter. The stock had hit a high of Rs 3,005.70 and a low of Rs 2,966 so far during the day.

Hero MotoCorps manufacturing facilities at Gurgaon, Neemrana and Haridwar were closed from 26-31 December 2016 on account of annual maintenance.

The companys sales rose 4.3% to 67.62 lakh units in calendar year 2016 over calendar year 2015. It was the highest ever sales in a calendar year.

Net profit of Hero MotoCorp rose 27.7% to Rs 1004.22 crore on 14.2% rise in net sales to Rs 7669.53 crore in Q2 September 2016 over Q2 September 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Hero MotoCorp announces sales figures
Jan 03,2017

Hero MotoCorp sold 3,30,202 units in December 2016 compared to 4,99,655 units in December 2015.

The cumulative sales for the period April-December 2016, has risen to 50,24,129 units.

Hero MotoCorp achieved sales of a record 67,62,980 units of two wheelers in the period January - December 2016, recording a growth of 4.3% over the corresponding period of previous year when the Company sold 64,86,103 two-wheeler units.

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Shares of New Light Apparels get listed
Jan 03,2017

The equity shares of New Light Apparels (Scrip Code: 540243) are listed effective 03 January 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Government Constitutes a Committee for Improvement in National Sports Development Code and Functioning of National Sports Federations
Jan 03,2017

In the wake of IOA episode, the Minister of State (I/C) for Youth Affairs and Sports Shri Vijay Goel has decided to constitute a Committee headed by Secretary (Sports) to suggest improvements in the National Sports Development Code and functioning of Sports Federations etc. The committee will give its report within one month.

In the recent past the Ministry has already held meetings with the various stakeholders such as the National Sports Federations, Sports Ministers and Secretaries from different States, Olympians, Arjun Awardees, Dronacharya Awardees, NGOs, field officers of the Sports Authority of India etc. on issues of good governance and transparency.

The new Committee will suggest improvements in the present National Sports Development Code on the basis of suggestions and feedback given in these meetings and submit a report within a month so that Sports Bodies work as per the public expectations for the promotion of sports in the country.

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Hero MotoCorp may drop on weak sales in December
Jan 03,2017

Hero MotoCorp announced before market hours today, 3 January 2017 that sales fell 33.91% to 3.3 lakh units in December 2016 over December 2015. The companys manufacturing facilities at Gurgaon, Neemrana and Haridwar were closed from 26-31 December 2016 on account of annual maintainence.

ICICI Bank announced that it has reduced Marginal Cost of funds based Lending Rate (MCLR) by 0.7% across various maturities with effect from 3 January 2017. The announcement was made after market hours yesterday, 2 January 2017.

HDFC announced the addendum - issue of secured redeemable non-convertible debentures of Rs 1 crore each under shelf disclosure document dated 5 August 2016 aggregating to Rs 35000 crore prepared as per the provisions of SEBI (Issue and Listing of Debt Securities) Regulations, 2008. The announcement was made after market hours yesterday, 2 January 2017.

Tata Motors said its passenger and commercial vehicle total sales rose 2% to 40,944 units in December 2016 over December 2015. The companys domestic sales of Tata commercial and passenger vehicles rose 1% to 35,825 units in December 2016 over December 2015. Exports surged 12% to 5,119 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.

SML Isuzus total sales rose 16.4% to 1,021 units in December 2016 over December 2015. The sales figures were announced after market hours yesterday, 2 January 2017.

Power Grid Corporation of India announced that in terms of Government of India communication on 23 September 2016, on receipt of purchase consideration of Rs 81.21 crore, the company has transferred 3.06 crore equity shares of Rs 10 each of Power System Operation Corporation Limited (POSOCO) to Government of India. The announcement was made after market hours yesterday, 2 January 2017.

Insilco after market hours yesterday, 2 January 2017, said that the company will continue plant shut down due to high inventory and low sales volume and restart in the evening of 4 January 2017. The company had on 19 December 2016, announced shut down of its plant from 19 December 2016 to 2 January 2017.

Great Eastern Shipping Company (G E Shipping) has signed contracts to buy two Suezmax Crude Carriers of about 157,000 dwt each. The 2010 and 2011 built vessels are expected to join the companys fleet in Q4 FY 17. The companys current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers, 2 LPG carriers) and 14 dry bulk carriers (1 Capesize, 7 Kamsarmaxes, 6 Supramaxes) with an average age of 9.89 years aggregating 2.94 million dwt.

Additionally, the company has 2 Secondhand Aframaxes, 1 Secondhand Suezmax and 1 Newbuilding Kamsarmax on order. After delivery of these 6 contracted vessels, the company will have a fleet of 44 vessels. The announcement was made after market hours yesterday, 2 January 2017.

Aban Offshore announced that it has completed the sale of 59% equity shares held by Aban Offshore in Aban Green Power Private Limited and Radhapuram Wintech Private Limited - subsidiaries of Aban Offshore Limited.The company also completed the acquisition of 49% equity shares in Aban Drilling Services Private Limited. The announcement was made after market hours yesterday, 2 January 2017.

Lakshmi Vilas Bank announced that the bank has launched Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 pursuant to the RBI notification dated 16 December 2016. The announcement was made after market hours yesterday, 2 January 2017.

TVS Motor Companys sales fell 8.47% to 1.84 lakh units in December 2016 over December 2015. The announcement was made after market hours yesterday, 2 January 2017.

Zicom Electronic Security Systems announced that Zicom SaaS Private Limited, a wholly owned subsidiary of the company, has launched managed security services in Hyderabad under Make Hyderabad Safe Initiative. The announcement was made after market hours yesterday, 2 January 2017.

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Board of International Paper APPM to review Q3 and 9M results
Jan 02,2017

International Paper APPM announced that a Meeting of the Board of Directors of the Company will be held on 18 January 2017 to consider and approve, inter alia, the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016.

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Kansai Nerolac Paints to announce Q3 results
Jan 02,2017

Kansai Nerolac Paints announced that a meeting of the Board of Directors of the Company will be held on 31 January 2017, inter alia to consider and approve the unaudited financial results for the quarter ended 31 December 2016 (Q3).

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Board of Anjani Synthetics approves change in registered office
Jan 02,2017

The Board of Directors of Anjani Synthetics at its meeting held on 02 January 2017 approved the change in registered office to 221 (Maliya), New Cloth Market, O/S Raipur Gate, Ahmedabad - 380002, Gujarat, India.

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Outcome of board meeting of Veronica Production
Jan 02,2017

Veronica Production announced that the Board of Directors in its meeting held on 02 January 2017, has decided the following matters:

1. Change the face value of equity shares of the Company from Re. 1/- to Rs. 10/- per share.

2. To hold the Shareholders meeting in due course.

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December quarter results of Syngene International
Jan 02,2017

Syngene International announced that the meeting of the Board of Directors of the Company will be held on 24 January 2017, inter alia, to approve and take on record the un-audited financial results for the quarter ended on 31 December 2016.

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Board of CMI to consider preferential issue of securities
Jan 02,2017

CMI announced that the meeting of Board of Directors of the Company will be held on 16 January 2017 to interalia consider issue of equity shares / warrants / convertible securities on Preferential basis to Promoters, Promoter group and associates and to decide the relevant date for the purpose of preferential issue.

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