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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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Stovec Industries to pay final dividend
Feb 23,2017

Stovec Industries announced that final dividend shall be paid on or after 18 May 2017, if approved.

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Disa India gains over 3% in two sessions
Feb 23,2017

Meanwhile, the BSE Sensex was up 122.86 points, or 0.43%, to 28,987.57.

On the BSE, so far 164 shares were traded in the counter, compared with average daily volumes of 104 shares in the past one quarter. The stock had hit a high of Rs 5,000 and a low of Rs 4,850 so far during the day.

The stock hit a 52-week high of Rs 5,209 on 14 February 2017. The stock hit a 52-week low of Rs 3,555 on 30 March 2016.

The small-cap company has equity capital of Rs 1.45 crore. Face value per share is Rs 10.

Disa India announced that its parent company that Norican Global A/S, Denmark (the ultimate holding company of Disa india) has entered into an agreement with Auctus Fund lll GmbH & Co. KG to purchase 100% of Auctuss shares in Light Metal Casting Solutions Group (LMCS). LMCS is a group of leading capital equipment manufacturers and service providers for the light metal casting industry, processing aluminium, magnesium and zinc alloys with major operations in Germany, Italy, Poland, China and the US.

Shares of Disa India have risen 3.09% in two sessions from its close of Rs 4,850 on 21 February 2017.

Net profit of Disa India rose 52.6% to Rs 10.68 crore on 56.3% rise in net sales to Rs 81.73 crore in Q3 December 2016 over Q3 December 2015.

Disa India develops and manufactures a complete range of metal casting production solutions for the ferrous and non-ferrous foundry industries.

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Tata Communications unveils MOVE global mobility platform
Feb 23,2017

Tata Communications announced its entry into the global USD 4 billion mobile data connectivity and crossborder Internet of Things (IoT) market. The company is unveiling the Tata Communications MOVE platform thatwill enable people and things to become seamlessly connected on a global scale.

Tata Communications MOVE is part of the companys long-term strategy for its mobility services portfolio and its vision of creating an access and usage agnostic, cross-border mobile experience for people and things.

In the first phase of the roll-out of Tata Communications MOVE, the platform encompasses global cellular IoT and SIM connectivity, with further enterprise and mobile network operator capabilities to follow later in 2017, enabled by the worlds largest and most advanced wholly-owned network. Over 25% of the worlds Internet routes travel over Tata Communications network, and the company is the only Tier-1 network provider that is in the top 5 by routes in 5 continents.

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IndusInd Bank allots 7,210 equity shares
Feb 23,2017

IndusInd Bank has allotted 7,210 (Seven Thousand Two Hundred Ten) equity shares of Rs. 10/- (Rupees Ten Only) each on 23 February 2017 to those grantees who had exercised their option under the Companys Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect.

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Godrej Consumer Products corrects on profit booking
Feb 23,2017

Meanwhile, the BSE Sensex was up 152.76 points, or 0.53%, to 29,017.47.

On the BSE, so far 4,591 shares were traded in the counter, compared with average daily volumes of 4,906 shares in the past one quarter. The stock had hit a high of Rs 1,706.50 and a low of Rs 1,664.10 so far during the day.

The stock hit a 52-week high of Rs 1,748.90 on 22 February 2017. The stock hit a 52-week low of Rs 1,158.15 on 25 February 2016.

The large-cap company has equity capital of Rs 34.06 crore. Face value per share is Re 1.

Shares of Godrej Consumer Products rose 5.99% in four trading sessions to settle at Rs 1,703.40 yesterday, 22 February 2017, from its close of Rs 1,607.10 on 16 February 2017.

On a consolidated basis, net profit of Godrej Consumer Products declined 4.34% to Rs 351.78 crore on 8.85% rise in net sales to Rs 2391.64 crore in Q3 December 2016 over Q3 December 2015.

Godrej Consumer Products is one of the leading fast moving consumer goods (FMCG) companies in India.

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IRB Infrastructure Developers provides update on subsidiary -Kishangarh Gulabpura Tollway
Feb 23,2017

IRB Infrastructure Developers announced that Kishangarh Gulabpura Tollway, Wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six laning of Kishangarh to Gulabpura section of NH-79A and NH-79 in the State of Rajasthan (Length 90.000km) on DBFOT (Toll) under NLIDP Phase-V Package-1 (n++the Project)n++

Key highlights of the Project are as under:

- The Project is on DBFOT Pattern

- The estimated project cost of the company is approximately Rs. 1,530 crore

- The concession period of the project is 20 years including construction period of 910 days.

- The Company will get tolling rights on Project from the Appointed Date

- The Company has offered premium of Rs. 186.30 crore to NHAI. The premium payment will commence after three years from the Appointed Date in terms of the Concession Agreement.

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IRB Infrastructure Developers provides update on subsidiary -Kishangarh Gulabpura Tollway
Feb 23,2017

IRB Infrastructure Developers announced that Kishangarh Gulabpura Tollway, Wholly-owned Subsidiary of the Company, has now executed Concession Agreement with NHAI for the project of Six laning of Kishangarh to Gulabpura section of NH-79A and NH-79 in the State of Rajasthan (Length 90.000km) on DBFOT (Toll) under NLIDP Phase-V Package-1 (n++the Project)n++

Key highlights of the Project are as under:

- The Project is on DBFOT Pattern

- The estimated project cost of the company is approximately Rs. 1,530 crore

- The concession period of the project is 20 years including construction period of 910 days.

- The Company will get tolling rights on Project from the Appointed Date

- The Company has offered premium of Rs. 186.30 crore to NHAI. The premium payment will commence after three years from the Appointed Date in terms of the Concession Agreement.

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Volumes jump at TeamLease Services counter
Feb 23,2017

TeamLease Services clocked volume of 70,000 shares by 14:25 IST on BSE, a 118.15-times surge over two-week average daily volume of 1,000 shares. The stock rose 0.01% to Rs 862.

Eclerx Services notched up volume of 1.93 lakh shares, a 42.72-fold surge over two-week average daily volume of 5,000 shares. The stock fell 0.92% to Rs 1,350.05.

Fiem Industries saw volume of 61,000 shares, a 31-fold surge over two-week average daily volume of 2,000 shares. The stock declined 0.95% to Rs 977.

Thyrocare Technologies clocked volume of 96,000 shares, a 29.91-fold surge over two-week average daily volume of 3,000 shares. The stock fell 0.17% to Rs 710.65.

Adlabs Entertainment saw volume of 25.84 lakh shares, a 26.71-fold rise over two-week average daily volume of 97,000 shares. The stock jumped 12.27% to Rs 89.20.

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Syndicate Bank intimates of Bank strike
Feb 23,2017

Syndicate Bank has been informed that the members of all the constituents of United Forum of Bank Unions (AIBEA, BEFI, NOBW, INBEF,AIBOA,INBOC,NOBO,NCBE and AIBOC) have given a call for strike on 28 February 2017.

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TCS ranked among Top 3 global brands in IT services
Feb 23,2017

Tata Consultancy Services has broken into the list of the Top 3 most valuable brands in the IT Services industry, in an assessment done by Brand Finance, the worlds leading brand valuation firm.

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Tata Motors gains on fund raising plan
Feb 23,2017

The announcement was made during trading hours today, 23 February 2017.

Meanwhile, the BSE Sensex was up 120.84 points, or 0.42%, to 28,985.55.

On the BSE, so far 3.44 lakh shares were traded in the counter, compared with average daily volumes of 5.55 lakh shares in the past one quarter. The stock had hit a high of Rs 464.25 and a low of Rs 457.65 so far during the day.

The stock hit a 52-week high of Rs 598.60 on 7 September 2016. The stock hit a 52-week low of Rs 290.45 on 29 February 2016.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Tata Motors said it is desirous of offering the sixth series of its rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) aggregating to Rs 500 crore. In this regard, the company will hold a meeting of its duly constituted committee of the board on 2 March 2017. The above issuance is pursuant to the approval of the shareholders passed vide special resolution at the 71th annual general meeting of the company held on 9 August 2016 and the board of directors resolution passed at its meeting held on 14 February 2017.

Tata Motors consolidated net profit fell 96.22% to Rs 111.57 crore on 2.22% decline in net sales to Rs 66855.18 crore in Q3 December 2016 over Q3 December 2015. The result was announced during market hours yesterday, 14 February 2017.

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

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Sikkim becomes 22nd State to join UDAY
Feb 23,2017

The Government of India and the State of Sikkim signed a Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY), for operational improvement of the States Power Distribution Department. With the signing of MoU, the total number of States covered under UDAY has reached twenty-two. Sikkim would derive an Overall Net Benefit of approximately Rs. 481 crores through UDAY by way of cheaper funds, reduction in AT&C and transmission losses, interventions in energy efficiency, etc. during the period of turnaround.

The MoU paves way for improving operational efficiency of the Power Distribution department of the State. AT&C losses and transmission losses would be brought down through compulsory distribution transformer metering, consumer indexing & GIS mapping of losses, upgrade/change transformers, meters etc., smart metering of high-end consumers, feeder audit etc., besides eliminating the gap between cost of supply of power and realisation. The reduction in AT&C losses and transmission losses to 15% and 3.50% respectively is likely to bring additional revenue of around Rs.453 crores.

Demand Side interventions in UDAY such as usage of energy-efficient LED bulbs, agricultural pumps, fans & air-conditioners and efficient industrial equipment through PAT (Perform, Achieve, Trade) would help in reducing peak load, flatten load curve and thus help in reducing energy consumption in the State of Sikkim. The gain is expected to be around Rs.25 crores.

While efforts will be made by the Power Distribution Department of the State to improve their operational efficiency, and thereby reduce the cost of supply of power, the Central government would also provide incentives to the State Government for improving Power infrastructure in the State and for further lowering the cost of power. The Central schemes such as DDUGJY, IPDS, Power Sector Development Fund (PSDF) or such other schemes of Ministry of Power and Ministry of New & Renewable Energy are already providing funds for improving Power Infrastructure in the State and additional/priority funding would be considered under these schemes, if the State/DISCOMs meet the operational milestones outlined in the scheme. Further, with improved efficiency, the State Power department would be in a better position to borrow funds at cheaper rates for Power infrastructure development/improvement in the State.

The ultimate benefit of signing the MOU would go to the people of Sikkim. Reduced levels of transmission and AT&C losses would mean lesser cost per unit of electricity to consumers. Further, financially and operationally healthy State Power Distribution department would be in a position to supply more power. Higher demand for power would mean higher PLF of generating units and therefore, lesser cost per unit of electricity which would again mean lesser cost per unit of electricity to the consumers. The scheme would also allow speedy availability of cheaper power to households in the State that are still without electricity. Availability of 24*7 power to hitherto unconnected villages/households etc. would boost the economy, provide more employment opportunities for the people of the State and thereby, improve the standard of living of the people of the State.

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International Pumps & Projects to hold board meeting
Feb 23,2017

International Pumps & Projects will hold a meeting of the Board of Directors of the Company on 28 February 2017, to take into Consideration the Resignation Letter dated February 20, 2017 received from Mrs. Prerna Bajaj, Company secretary and compliance officer of the Company.

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Tulip Star Hotels to hold board meeting
Feb 23,2017

Tulip Star Hotels will hold a meeting of the Board of Directors of the Company on 3 March 2017, to discuss avenues of raising long term funds for the operations of the Company.

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Hindustan Fluorocarbons appoints director
Feb 23,2017

Hindustan Fluorocarbons announced that Vide GOI order Dated 13 February 2017, in pursuance of guidelines issued by the Department of Public Enterprises from time to time, the president is pleased to appoint Rajkishore Das as part time Non-official Director on the Board of the Company for a period of three years w.e.f. 13 February 2017 or until further orders, whichever is earlier.

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