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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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Andhra Bank announces appointment of director
May 18,2017

Andhra Bank announced that Anjana Dube is nominated by the Central Government on the Board of the Bank with effect from 28 April 2017.

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Bilateral Exercise Between Indian & Republic Of Singapore Navy Simbex-17 Commences
May 18,2017

As part of SIMBEX-17, the ongoing Bilateral Naval Exercise between Navies of the Republic of Singapore and India, lndian Naval Ships Shivalik, Sahyadri, Jyoti and Kamorta and one P8-I Maritime Patrol and Anti-Submarine Warfare Aircraft are participating. While INS Sahyadri and INS Kamorta are at Singapore since 12 May 2017, INS Shivalik and INS Jyoti would be joining directly for the sea phase of the exercise. The ships are under the command of Rear Admiral Biswajit Dasgupta, YSM, VSM, Flag Officer Commanding Eastern Fleet.

SIMBEX is an acronym for n++Singapore-India Maritime Bilateral Exercisesn++. Bilateral cooperation between Singapore and India was first formalised when RSN ships began training with the Indian Navy in 1994. This years edition of SIMBEX-17 being held in the South China Sea would be the 24th in the series and is aimed to increase interoperability between the RSN and IN as well as develop common understanding and procedures for maritime security operations. The scope of the current exercise includes wide-ranging professional interactions during the Harbour Phase scheduled from 18 May to 20 May and a diverse range of operational activities at sea during the Sea Phase to be held from 21 May to 24 May. The thrust of exercises at sea this year would be on Anti-Submarine Warfare (ASW), integrated operations with Surface, Air and Sub-surface forces, Air Defence and Surface Encounter Exercises.

During SlMBEX-17, the Singapore Navy is represented by RSN Ships Supreme, Formidable and Victory and Maritime Patrol Aircraft Fokker F50 in addition to the RSAF F-16 aircraft.

The two navies share a long standing relationship with regular professional interactions that include exchange programs, staff talks and training courses. Singapore Chief of Naval Staff, Admiral Lai Chung Han had earlier visited ENC and participated in lFR-16 held in February last year in the City of Destiny, Visakhapatnam. RSS Formidable and a Fokker F 50 aircraft participated in SlMBEX-16 which was held at Visakhapatnam and in Bay of Bengal.

INS Sahyadri, and INS Shivalik-both multi-role stealth frigates - are commanded by Captain Anil Jaggi and Captain R Vinod Kumar respectively while INS Kamorta, an Anti-Submarine Warfare Corvette is commanded by Commander Vipin Gupta. lNS Jyoti, the fleet replenishment tanker is commanded by Captain S Shyam Sundar.

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Strides Shasun signs definitive agreements with Vivimed Labs
May 18,2017

Strides Shasun has signed definitive agreements with Vivimed Labs to set up two joint venture companies, as under-

The 50:50 joint venture company in India will own the USFDA approved formulation facility in Alathur, Chennai and

The 50:50 joint venture company in Singapore through Strides Pharma Global, Singapore will own certain approved ANDAs and product pipeline.

The transaction is subject to customary closing conditions and expected to close by 31 May 2017.

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CESC slumps after board OKs restructuring
May 18,2017

The announcement was made during trading hours today, 18 May 2017.

Meanwhile, the S&P BSE Sensex was down 230.19 points, or 0.75% to 30,428.58.

On the BSE, 5.81 lakh shares were traded in the counter so far, compared with average daily volumes of 42,325 shares in the past one quarter. The stock had hit a high of Rs 990.20 and a low of Rs 812 so far during the day. The stock hit a record high of Rs 1,001.85 on 16 May 2017. The stock hit a 52-week low of Rs 531.35 on 2 June 2016.

The stock had outperformed the market over the past one month till 17 May 2017, rising 13.77% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.35% as against Sensexs 8.33% rise.

The large-cap company has equity capital of Rs 132.56 crore. Face value per share is Rs 10.

CESC said that its board announced a restructuring scheme. The scheme includes amalgamation of CESC Infrastructure, Spencers Retail and Music World Retail with CESC. The scheme also includes demerger of power generation undertaking to Haldia Energy; demerger of retail undertaking I (as defined in the scheme) of the company and retail undertaking 2 (as defined in the scheme) of Spencers Retail to RP-SG Retail. Further, the scheme includes demerger of IT undertaking of the company to RP-SG Business Process Services.

The scheme includes amalgamation of Spen Liq with RP-SG Business Process Services. The scheme also includes amalgamation of New Rising Promoters with Crescent Power.

The scheme includes reduction and cancellation of the existing share capital of Haldia Energy, RP-SG Retail and RP-SG Business Process Services. Further, it includes reduction of the face value of the equity share of CESC from Rs 10 per share to Rs 5 per share and subsequent consolidation of two equity shares of the company of Rs 5 each into one equity share of Rs 10 each.

Further, the equity shares of Haldia Energy, RP-SG Retail and RP-SG Business Process Services will be listed on Calcutta Stock Exchange, BSE, and National Stock Exchange of India, post effectiveness of the scheme. The shareholders of the company will get shares in these listed companies in the same proportion as their holding in the company.

Post restructuring, in addition to the IT undertaking, the RP-SG Business Process Services will house various other ventures of the group, inter alia, property, entertainment and fast moving consumer goods business. As part of this alignment investments in/by Guiltfree Industries and Apricot Foods will also be held by RP-SG Business Process Services.

Meanwhile, the company announced its Q4 March 2017 results during trading hours today, 18 May 2017. CESCs net profit rose 0.68% to Rs 295 crore on 8.44% increase in net sales to Rs 1631 crore in Q4 March 2017 over Q4 March 2016.

CESC is a fully-integrated electrical utility company. The companys other business segments include power, organized retailing, property development and business process outsourcing.

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Skyline Ventures India to hold board meeting
May 18,2017

Skyline Ventures India will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider the Audited financial results for the year ended 31st March, 2017.

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Marathwada Refractories to hold board meeting
May 18,2017

Marathwada Refractories will hold a meeting of the Board of Directors of the Company on 24 May 2017, to consider and approve the Audited Financial Results for the Financial Year ended 31stMarch, 2017.

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Sir Shadi Lal Enterprises to hold board meeting
May 18,2017

Sir Shadi Lal Enterprises will hold a meeting of the Board of Directors of the Company on 25 May 2017, to consider the audited financial results of the Company in respect of the last quarter i.e. 01.01.2017 to 31.03.2017 and Audited Annual Accounts of the Company for the year ended 31st March, 2017.

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Alps Motor Finance to hold board meeting
May 18,2017

Alps Motor Finance will hold a meeting of the Board of Directors of the Company on 26 May 2017, to Consider and Approve Unaudited Results for the Quarter and year ended 31.03.2017.

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Funworld & Tourism Development to hold board meeting
May 18,2017

Funworld & Tourism Development will hold a meeting of the Board of Directors of the Company on 26 May 2017, to approve and take on record the Audited results of the Company for the quarter and year ended March 31, 2017.

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Advance Syntex to hold board meeting
May 18,2017

Advance Syntex will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the Standalone Audited Financial Results of the Company for the half year/year ended 31st March, 2017, and to take on record Auditors report on Standalone Audited Financial Results of the Company for the half year/year ended 31st March, 2017.

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Jubilant Industries to hold board meeting
May 18,2017

Jubilant Industries will hold a meeting of the Board of Directors of the Company on 24 May 2017, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter ended March 31, 2017.

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SS Organics to hold board meeting
May 18,2017

SS Organics will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider the Audited financial results for the year ended 31st March, 2017.

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RattanIndia Power to hold board meeting
May 18,2017

RattanIndia Power will hold a meeting of the Board of Directors of the Company on 22 May 2017, to consider and approve, the audited Financial Results, standalone and consolidated, of the Company for the quarter and financial year ended March 31, 2017.

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Essar Shipping to hold board meeting
May 18,2017

Essar Shipping will hold a meeting of the Board of Directors of the Company on 26 May 2017, to inter-alia consider and approve, the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2017.

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Nyssa Corp. to hold board meeting
May 18,2017

Nyssa Corp. will hold a meeting of the Board of Directors of the Company on 25 May 2017, to consider, review and approve Audited Financial Results for the three months and year ended 31st march, 2017.

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