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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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Australia Market shut for a holiday
Dec 27,2016

Australian share market closed on Tuesday, 27 December 2016, for national holiday.

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Nikkei ends tad higher
Dec 27,2016

The Japan share market closed marginally higher in quiet trade on Tuesday, 27 December 2016. Total 18 out of 33 TSE industry category on the main section gained ground, with Rubber Products, Marine Transportation, Financial Business, Pharmaceutical, and Banks issues being major gainers, while Real Estate, Pulp & Paper, Construction, and Electric Appliances issues being notable losers. The benchmark Nikkei 225 index ended up 0.03%, or 6.42 points, to 19,403.06. The broader Topix index of all first-section issues finished down 0.12%, or 1.92 points, at 1,536.22. Volume on the main board was 1.749 billion shares, compared with 30-day average daily volume of 2.375 billion shares.

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China Stocks end inch lower
Dec 27,2016

China Stocks end inch lowerMainland China stock market closed inch lower in light trading on Tuesday, 27 December 2016, as lack of liquidity also dampened market sentiments. However, losses were limited after official government data showing solid profit growth in the nations industrial sector in November. The Shanghai Composite Index dipped 0.25% to 3,114.66 while the CSI 300 Index, which tracks large companies in Shanghai or Shenzhen, closed 0.18% lower at 3,316.39. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.07% to 1,979.73. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 0.27% to close at 1,968.62 points.

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Seventy Per Cent of Tribal Affairs Budget Already Utilized Special Attention on the Proper Implementation of Forest Rights Act
Dec 27,2016

Union Minister for Tribal Affairs Shri Jual Oram has said that 70% of his Ministrys budget for the year 2016-17 has already been released. The Minister said his Ministry has paid special attention to proper implementation of Forest Rights Act. He said as per information received from State Governments till October 2016, about 16.78 lakh individual (Forest Rights) titles have been granted over an area of 55.43 lakh acres of forest land. Further, 48,192 community (Forest Rights) titles have been distributed over an area of about 47 lakh acres of forest land.

Referring to the revision of list of scheduled tribes the Minister informed that recently Irular (including Villi and Vettaikaran) has been included in the ST list in Puducherry. He further said that to modify the list of Scheduled Tribes (STs) in Assam, Chhattisgarh, Jharkhand, Tamil Nadu and Tripura, a bill namely the Constitution (Scheduled Castes and Scheduled Tribes) Orders (Amendment), Bill 2016 has been introduced in Lok Sabha during the recent winter session of Parliament.

Shri Oram said his Ministry is collaborating with Ministry of Skill Development and Entrepreneurship (MSDE) to build a framework suited to the need and requirement of tribal people. It is planned for setting up one Multi-Skilling Institute in each of 163 priority (tribal concentrated) districts. Infrastructure funding will be shared by Ministry of Tribal Affairs and State Govt. (50:50). Recurring cost component will be funded by MSDE, under Pradhan Mantri Kaushal Vikas Yojana (PMKVY). Details of the collaboration are being worked out.

The Union Tribal Affairs Minister referred to the setting up of National Resource Centre on Tribal Livelihood (Vanjeevan) at Bhubaneswar on 22nd of this month. He said Vanjeevan will serve as an apex central institution within Ministry of Tribal Affairs to act as research and technical hub to further socio-economic development of tribal communities through comprehensive interaction of the 3Es-employment, employability and entrepreneurship. The resource center would cater to the development and promotion of sustainable livelihood avenues in the tribal areas through entrepreneurship and skill up-gradation. Vanjeevan will also forge linkages and build upon the skill building efforts of the other Central Ministries/Departments such as Ministry of Skill Development and Entrepreneurship, Ministry of Rural Development, Ministry of Micro-Small and Medium Enterprises etc.

Referring to the Minimum Support Price (MSP) to Minor Forest Produce (MFP) Shri Oram said that last month the coverage of area of the scheme has been extended beyond Schedule V States and now the scheme is applicable in all States. He said in addition to the existing 12 MFPs another 14 items have been included in the scheme. States have also been given freedom for fixing MSP 10% above or below the MSP rate decided by Ministry of Tribal Affairs.

About sickle cell anemia Shri Oram said his Ministry has taken initiative to arrest its spread so that sickle cell carriers (patients) can be cared for, and future generations can be saved from this scourge. A protocol for Sickle Cell Management was issued in March 2015 with the objective to control the spread of the disease. In this regard, workshops were conducted in States in collaboration with Department of Biotechnology for mapping of incidence of Sickle Cell Trait and disease among tribal people all over the country through State Governments. About 1.1 crore children and youth have been screened so far. A revised protocol has been issued to the States in November 2016 after consultation with Department of Health Research. As per this, apart from screening of children and youth, screening of pregnant women is also to be done, and in case one individual is identified in the family, then family members will also be screened. The programme also provides for counseling of sickle cell carriers, and management of patients with sickle cell disease, the Minister added.

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Hong Kong Financial market shut for the holiday
Dec 27,2016

Hong Kongs financial markets closed on Tuesday, 27 December 2016, for the holiday.

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Board of Arfin India appoints director
Dec 27,2016

Arfin India announced that the Board of Directors of the Company at its Meeting held on 27 December 2016 has appointed Bherulal Lalchand Chopra as an Additional Independent Director of the Company.

The appointment shall be subject to the confirmation by shareholders at the ensuing General Meeting.

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Outcome of board meeting of Parab Infra
Dec 27,2016

Parab Infra announced that the Board of Directors of the Company at its meeting held on 27 December 2016 approved the following -

Shifting of registered office to 302, Vikas Commercial Complex, Vikas Paradise, Bhakti Marg, Mulund (West), Mumbai - 400080.

Appointment of Paresh P Rathod as Director in the capacity of Independent Director for a term of five years.

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Tejnaksh Healthcare acquires Vedaant Multispecialty Hospital
Dec 27,2016

Tejnaksh Healthcare has acquired Vedaant Multispecialty Hospital situated at Office No. 1 to 14, Natasha Tower CHS Ltd., Plot No. 84, Sector 17, Village Koparkhairane, Taluka and District Thane.

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Idea Cellular allots equity shares
Dec 27,2016

Idea Cellular announced that the Nomination and Remuneration Committee of the Company has vide its circular resolution dated 26 December 2016 allotted 366,900 Equity Shares of Rs. 10/- each to the Option Grantees, pursuant to the exercise of Stock Options granted under the Companys Employee Stock Option Scheme, 2006 (ESOS-2006).

Further, the Company has informed that post the said allotment, the Equity Share Capital of the Company stands increased to 3,60,16,89,265 equity shares of Rs. 10/- each aggregating to Rs. 36,01,68,92,650/-.

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Bombay Burmah Trading Corporation issues Commercial Paper aggregating Rs 50 crore
Dec 27,2016

Bombay Burmah Trading Corporation announced that the Corporation has issued Commercial Paper for an aggregate amount of Rs. 50 crore on 23 December 2016 for 81 days and having maturity date March 14, 2017. This is in addition to the CP issued in November, 2016 for Rs. 50 crores

Rating agency, India Ratings & Research has granted rating of A1+ for issue of Commercial Paper by the Corporation upto Rs. 100 crore.

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Goodluck Steel Tubes reschedules board meeting to consider preferential issue of warrants
Dec 27,2016

Goodluck Steel Tubes announced that a meeting of the Board of Directors of the Company which was scheduled be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis is being postponed.

Now the meeting is rescheduled for 28 December 2016 at Corp. Office of the Company to consider the aforesaid matters.

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Seventy per cent of Tribal Affairs Budget already utilized
Dec 27,2016

Union Minister for Tribal Affairs Shri Jual Oram has said that 70% of his Ministrys budget for the year 2016-17 has already been released. Addressing a press conference about the achievements of his Ministry during the year 2016 in New Delhi today, the Minister said his Ministry has paid special attention to proper implementation of Forest Rights Act. He said as per information received from State Governments till October 2016, about 16.78 lakh individual (Forest Rights) titles have been granted over an area of 55.43 lakh acres of forest land. Further, 48,192 community (Forest Rights) titles have been distributed over an area of about 47 lakh acres of forest land.

Referring to the revision of list of scheduled tribes the Minister informed that recently Irular (including Villi and Vettaikaran) has been included in the ST list in Puducherry. He further said that to modify the list of Scheduled Tribes (STs) in Assam, Chhattisgarh, Jharkhand, Tamil Nadu and Tripura, a bill namely the Constitution (Scheduled Castes and Scheduled Tribes) Orders (Amendment), Bill 2016 has been introduced in Lok Sabha during the recent winter session of Parliament.

Shri Oram said his Ministry is collaborating with Ministry of Skill Development and Entrepreneurship (MSDE) to build a framework suited to the need and requirement of tribal people. It is planned for setting up one Multi-Skilling Institute in each of 163 priority (tribal concentrated) districts. Infrastructure funding will be shared by Ministry of Tribal Affairs and State Govt. (50:50). Recurring cost component will be funded by MSDE, under Pradhan Mantri Kaushal Vikas Yojana (PMKVY). Details of the collaboration are being worked out.

The Union Tribal Affairs Minister referred to the setting up of National Resource Centre on Tribal Livelihood (Vanjeevan) at Bhuvneshar on 22nd of this month. He said Vanjeevan will serve as an apex central institution within Ministry of Tribal Affairs to act as research and technical hub to further socio-economic development of tribal communities through comprehensive interaction of the 3Es-employment, employability and entrepreneurship. The resource center would cater to the development and promotion of sustainable livelihood avenues in the tribal areas through entrepreneurship and skill up-gradation. Vanjeevan will also forge linkages and build upon the skill building efforts of the other Central Ministries/Departments such as Ministry of Skill Development and Entrepreneurship, Ministry of Rural Development, Ministry of Micro-Small and Medium Enterprises etc.

Referring to the Minimum Support Price (MSP) to Minor Forest Produce (MFP) Shri Oram said that last month the coverage of area of the scheme has been extended beyond Schedule V States and now the scheme is applicable in all States. He said in addition to the existing 12 MFPs another 14 items have been included in the scheme. States have also been given freedom for fixing MSP 10% above or below the MSP rate decided by Ministry of Tribal Affairs.

About sickle cell anemia Shri Oram said his Ministry has taken initiative to arrest its spread so that sickle cell carriers (patients) can be cared for, and future generations can be saved from this scourge. A protocol for Sickle Cell Management was issued in March 2015 with the objective to control the spread of the disease. In this regard, workshops were conducted in States in collaboration with Department of Biotechnology for mapping of incidence of Sickle Cell Trait and disease among tribal people all over the country through State Governments. About 1.1 crore children and youth have been screened so far. A revised protocol has been issued to the States in November 2016 after consultation with Department of Health Research. As per this, apart from screening of children and youth, screening of pregnant women is also to be done, and in case one individual is identified in the family, then family members will also be screened. The programme also provides for counseling of sickle cell carriers, and management of patients with sickle cell disease, the Minister added.

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Board of Balmer Lawrie & Company allots bonus shares
Dec 27,2016

Balmer Lawrie & Company announced that at the meeting of the Board of Directors of the Company held on 27 December 2016, the following items were inter alia approved by the Board:

1. Allotment of 8,55,01,923 new Equity Bonus Shares of Rs. 10/- each as fully paid up Equity Shares of the Company to the shareholders of the Company as on the record date fixed for the purpose i.e. 27 December 2016.

2. Appointment of Indrani Kaushal as Government Nominee Director of the Company.

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Bombay Burmah gains after raising funds
Dec 27,2016

The announcement was made during market hours today, 27 December 2016.

Meanwhile, the S&P BSE Sensex was up 417.92 points or 1.62% at 26,225.02.

On the BSE, 4,630 shares were traded on the counter so far as against the average daily volumes of 29,692 shares in the past one quarter. The stock had hit a high of Rs 494.15 and a low of Rs 474 so far during the day.

The stock had hit a record high of Rs 673.40 on 5 October 2016 and a 52-week low of Rs 311 on 12 February 2016. It had underperformed the market over the past one month till 26 December 2016, sliding 6.75% compared with the Sensexs 1.94% fall. The scrip had also underperformed the market in past one quarter, declining 21.35% as against the Sensexs 8.79% fall.

The mid-cap company has equity capital of Rs 13.95 crore. Face value per share is Rs 2.

Bombay Burmah Trading Corporation said it has issued commercial paper (CP) for an aggregate amount of Rs 50 crore on 23 December 2016. The CP is for a duration of 81 days having maturity date 14 March 2017. This is in addition to the CP issued in November 2016 for Rs 50 crore.

India Ratings & Research has granted rating of A1+ for issue of CP by Bombay Burmah upto Rs 100 crore.

Bombay Burmah Trading Corporation reported net loss of Rs 9.98 crore in Q2 September 2016, higher than net loss of Rs 6.41 crore in Q2 September 2015. Net sales rose 10.4% to Rs 66.75 crore in Q2 September 2016 over Q2 September 2015.

Bombay Burmah Trading Corporation has diversified its interests into tea, coffee, other plantation products, biscuit and dairy products, auto electric and white goods parts, weighing products, horticulture and landscaping services, healthcare products (viz.) dental, orthopaedic and opthalmic products.

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Kaya gains after subsidiary completes acquisition
Dec 27,2016

The announcement was made after market hours yesterday, 26 December 2016.

Meanwhile, the BSE Sensex was down 376.85 points, or 1.46%, to 26,183.95.

On the BSE, so far 52,000 shares were traded in the counter, compared with average daily volumes of 3,567 shares in the past one quarter. The stock had hit a high of Rs 682.85 and a low of Rs 657.05 so far during the day.

The stock hit a 52-week high of Rs 1,229 on 6 January 2016. The stock hit a record low of Rs 650 on 24 November 2016. The stock had underperformed the market over the past 30 days till 26 December 2016, falling 8.63% compared with the 1.94% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.81% as against Sensexs 8.56% decline.

The small-cap company has equity capital of Rs 13 crore. Face value per share is Rs 10.

Kaya announced that the company is in receipt of letter dated 25 December 2016 issued by Kaya Middle East DMCC (Kaya DMCC) confirming the settlement of consideration amount for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah. Hence, the corporate guarantee provided by the company stands cancelled on payment of the consideration amount by Kaya DMCC.

On 27 September 2016, the company had announced the corporate guarantee provided by it on behalf of Kaya DMCC, wholly-owned subsidiary of the company, for payment of AED 22.5 million by Kaya DMCC for acquiring 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.

On a consolidated basis, net profit of Kaya rose 1.94% to Rs 2.63 crore on 15.62% rise in net sales to Rs 102.28 crore in Q2 September 2016 over Q2 September 2015.

Kaya operates a range of Kaya Skin Clinics across India and Middle East. It also has 100 plus product retail outlets called Kaya Skin Bar in India.

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