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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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Healthfore Technologies Company Secretary resigns
Jun 01,2017

Healthfore Technologies announced that Shikha Rastogi Company Secretary & Compliance Officer of the Company has tendered her resignation effective from close of business hours on May 31, 2017.

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Maruti slips on profit booking after announcing monthly sales
Jun 01,2017

Meanwhile, the S&P BSE Sensex was up 8.42 points or 0.03% at 31,154.23.

On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 65,542 shares in the past one quarter. The stock hit a high of Rs 7,249.30 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 7,142 so far during the day. The stock had hit a 52-week low of Rs 3,868.10 on 24 June 2016.

The stock had outperformed the market over the past one month till 31 May 2017, rising 7.59% compared with 4.1% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.9% as against Sensexs 8.36% gains. The scrip had also outperformed the market in past one year, surging 73.37% as against Sensexs 16.79% gains.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki Indias total sales rose 11.3% to 1.36 lakh units in May 2017 over May 2016. Domestic sales grew by 15.5% to 1.30 lakh units in May 2017 over May 2016. Export sales declined 36.3% to 6,286 units in May 2017 over May 2016. The announcement was made during market hours today, 1 June 2017.

Marutis net profit rose 15.77% to Rs 1709 crore on 20.32% growth in net sales to Rs 18005.20 crore in Q4 March 2017 over Q4 March 2016.

Maruti Suzuki India is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2017).

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Emmsons International changes management
Jun 01,2017

The Board of Emmsons International on 30th May 2017 has approved the appointment of Bhalendra Pal Singh as Chief Financial Officer of the Company to be designated as the Key Managerial Personnel w.e.f. 30 May 2017.

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Claris undergoes USFDA Audit
Jun 01,2017

Claris Lifesciences along with its wholly owned subsidiary Claris Injectables announced that its underwent a successful USFDA Pharmacovigilance audit from 29th May to 31st May with No Observations.

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Claris Life gets healthier after USFDAs successful audit
Jun 01,2017

The announcement was made during market hours today, 1 June 2017. The stock has snapped two-day losing streak.

Meanwhile, the S&P BSE Sensex was up 20.60 points, or 0.07%, to 31,166.40. The S&P BSE Small-Cap index was up 136.94 points, or 0.91%, to 15,217.15.

On the BSE, 12,568 shares were traded on the counter so far as against the average daily volumes of 81,022 shares in the past one quarter. The stock had hit a high of Rs 338 and a low of Rs 327.90 so far during the day.

The stock hit a record high of Rs 430.10 on 16 December 2016. The stock hit a 52-week low of Rs 188 on 24 June 2016.

The stock had underperformed the market over the past one month till 31 May 2017, falling 7.7% compared with 4.1% gains in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 2.32% as against Sensexs 8.36% gains. The scrip had, however, outperformed the market in past one year, gaining 49.89% as against Sensexs 16.79% gains.

The small-cap company has an equity capital of Rs 54.57 crore. Face value per share is Rs 10.

Claris Lifesciences (CLL) along with its wholly owned subsidiary Claris Injectables (CIL) announced that it underwent a successful United States Food & Drug Administration (USFDA) Pharmacovigilance (PV) audit from 29th May to 31st May 2017, with no observation (i483s).

Claris Lifesciences reported consolidated net profit of Rs 36.96 crore in Q4 March 2017 compared with net loss of Rs 0.62 crore in Q4 March 2016. Net sales fell 75.8% to Rs 4.41 crore in Q4 March 2017 over Q4 March 2016.

Claris Lifesciences is holding company of Claris Injectables, a wholly-owned subsidiary dealing in specialty injectables business. It is also the holding company of Claris Otsuka Private Limited, a joint venture with Japans Otsuka Pharmaceutical Factory, Inc. and Mitsui & Co. for Infusion business in India and emerging markets.

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IIFL Holdings changes directorate
Jun 01,2017

IIFL Holdings announced its material subsidiary India Infoline Finance Limited has appointed Shubhalakshmi Panse as an Independent Director with the effect from 31 May 2017.

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Escorts announces tractors sales performance
Jun 01,2017

Escorts announced that Agri Machinery Segment (EAM) in May 2017 sold 6,770 tractors in domestic market growth of 29% against 5,252 tractors in May 2016.

Export for the month of May 2017 at 116 tractors up by 47% against 79 tractors in May 2016.

Total (Domestic + Exports) tractor sales in May 2017 at 6,886 tractors up by 29% against 5,331 tractors in May 2016.

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Indian Oil Corporation changes directorate
Jun 01,2017

Indian Oil Corporation has announced Sanjiv Singh, Director (Refineries) has been appointed as the Chairman of the Company and has assumed charge with effect from 1st June 2017 on account of superannuation of the incumbent Chairman B Ashok on 31st May 2017.

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Sharda Motor hits record high after strong Q4 results
Jun 01,2017

Meanwhile, the S&P BSE Sensex was up 20.11 points, or 0.06% at 31,165.91. The S&P BSE Small-Cap index was up 125.56 points, or 0.83% at 15,205.77.

High volumes were traded on the counter. On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 1,990 shares in the past one quarter. The stock had hit a high of Rs 2,408 so far during the day, which is also its record high. The stock had hit a low of Rs 2,220 so far during the day.

The stock had hit a 52-week low of Rs 801.05 on 24 June 2016. The stock had outperformed the market over the past one month till 31 May 2017, advancing 11.98% compared with the Sensexs 4.1% rise. The scrip had also outperformed the market over the past one quarter advancing 58.14% as against the Sensexs 8.36% rise.

The small-cap company has equity capital of Rs 5.95 crore. Face value per share is Rs 10.

Shares of Sharda Motor Industries company have rallied 28.14% in the two trading sessions from its close of Rs 1,787.45 on 30 May 2017, after the company after market hours on Tuesday, 30 May 2017 reported strong Q4 March 2017 results. The stock had surged 20% to settle at Rs 2,144.90 yesterday, 31 May 2017.

Sharda Motor Industries net profit spurted 131.79% to Rs 19.47 crore on 14.71% increase in total revenue to Rs 291.11 crore in Q4 March 2017 over Q4 March 2016.

Sharda Motor Industries operates in the automotive industry. The company is one of the leading manufacturers of exhaust systems, suspension systems, seat trim and seat frames.

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Dena Bank to hold AGM
Jun 01,2017

Dena Bank announced that the 21st Annual General Meeting of the bank will be held on 27 June 2017.

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Combination of push & pull factors can help India become global hub for electronics manufacturing: P.P. Chaudhary
Jun 01,2017

A combination of push and pull factors like minimum professional charges, low manufacturing costs together with huge population and vast geographical area can work in favour of India and help it become global hub for electrical and electronics manufacturing sector, Union Minister, Mr P.P. Chaudhary said at an ASSOCHAM event.

n++Two push and pull factors are working in favour of India and the complete ecosystem has been generated, the pull factor is looking at the 1.25 billion population and the vast area as such every company intends to invest in this country,n++ said Mr Chaudhary.

n++The push factor is that all across the globe, while per hour professional and engineering charges come to more than $3.5 but in India it is less than even $1,n++ added Mr Chaudhary.

n++So this is a place where these two factors, pull and push can work in favour of India and above all, the overall cost for creating the manufacturing hub here is much less than in other parts of the world,n++ he said further.

The Union Minister also stressed upon the need for India to promote research and development to stay ahead and keep abreast of technology in this digital age.

n++There is a need for developing a commercially viable research ecosystem funded by the government, industry and academia to promote the next wave of electronic technology in the country and innovations in our journey to becoming a developed nation,n++ said Mr Chaudhary.

He said considering that demand for electronic hardware in India is projected to increase from $45 billion in 2009 to $400 billion by 2020 it represents huge opportunity for making investments and attaining huge growth in electronics manufacturing sector.

Ministry of Electronics and IT has initiated various schemes like MSIPS, EMCs, ITIR, EDF and others to attract global companies to set up their manufacturing base in India.

n++The inherent objective of these policies and schemes is to bring about a fundamental shift in the nature of foreign investments coming to the country rather than being just a low-cost manufacturing destination,n++ said Mr Chaudhary.

n++India is acknowledged as a true partner which adds significant value in production cycle of these products,n++ he added.

He informed that the Union Government has also amended its general financial rules and made special provision for its digital procurement platform, government e-market place to give a boost to the start-ups and for local manufacturing of goods and services in the country.

Highlighting that availability of skilled manpower is another pre-requisite for developing robust manufacturing ecosystem in the country, Mr Chaudhary said, n++Under the Digital India programme, my Ministry has initiated a scheme for skill development in ESDM sector which shall cover all the state and UTs of the country in order to facilitate creation of an ecosystem for development of ESDM.n++

The Minister further said that the government is ensuring time-bound and mission mode implementation of various programmes and initiatives like - Digital India, Make in India, Swachh Bharat, Start-Up India, Stand-Up India, Jan-Dhan Yojana and others at an unprecedented scale and speed.

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Eicher Motors announces sales figures
Jun 01,2017

Eicher Motors announced sales volumes for the month of May 2017.

Total sales for May 2017 stood at 60696 units compared to 48604 units in February 2016. Year-to-date, total sales were 112172 units compared to 86476 units in the corresponding period of previous year. Of the total sales, units exported stood at 2049 in May 2017 compared to 1372 in May 2016.

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D S Kulkarni Developers get ratings revised
Jun 01,2017

D S Kulkarni Developers has received revised credit ratings from CARE ratings. Its Long Term Bank Facilities are rated CARE D, Fixed Deposits at CARE C (FD) Negative and Secured Redeemable Non-Convertible Debentures at CARE C Negative as the Company suffers from slow down phase in its real estate business.

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Bharat Gears advances after availing term loan
Jun 01,2017

The announcement was made after market hours yesterday, 31 May 2017.

Meanwhile, the S&P BSE Sensex was up 44.11 points, or 0.14%, to 31,189.91. The S&P BSE Small-Cap index was up 132.81 points, or 0.88%, to 15,213.02.

Higher than usual volumes were witnessed on the counter. On the BSE, 25,992 shares were traded in the counter so far, compared with an average volume of 11,177 shares in the past one quarter.

The stock had hit a high of Rs 137 and a low of Rs 132.50 so far during the day. The stock had hit a record high of Rs 170.75 on 6 October 2016. The stock had hit a 52-week low of Rs 74.50 on 2 June 2016.

The stock has jumped 13.87% in five sessions to its ruling price of Rs 133.35 from a close of Rs 117.10 on 25 May 2017.

The stock had outperformed the market over the past one month till 31 May 2017, rising 4.43% compared with 4.1% gains in the Sensex. The scrip had outperformed the market in past one quarter, gaining 17.9% as against Sensexs 8.36% gains. The scrip had also outperformed the market in past one year, gaining 72.19% as against Sensexs 16.79% gains.

The small-cap company has an equity capital of Rs 7.82 crore. Face value per share is Rs 10.

Bharat Gears said that the finance committee of board of directors of the company approved the proposal to avail a term loan of Rs 110 crore from KKR India Financial Services for repaying some of the existing term debts, working capital requirements and capital expenditure, among others.

Bharat Gears net profit rose 96.3% to Rs 2.1 crore on 7.7% rise in net sales to Rs 107.33 crore in Q4 March 2017 over Q4 March 2016.

Bharat Gears is a supplier of automotive gears and heat treatment furnaces. The company manufactures a wide range of ring gears and pinions, transmission gears and shafts, differential gears, gear boxes for the automotive industry.

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Board of Bengal & Assam Company recommends final dividend
Jun 01,2017

Bengal & Assam Company announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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