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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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Universal Autofoundry to hold AGM
Jul 06,2017

Universal Autofoundry announced that the 8th Annual General Meeting(AGM) of the company on 28 July 2017.

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Venkys (India) declines on profit booking
Jul 06,2017

Meanwhile, the S&P BSE Sensex was up 156.96 points, or 0.5% at 31,402.52. The S&P BSE Mid-Cap index was up 77.61 points, or 0.52% at 14,978.58.

On the BSE, 2.84 lakh shares were traded on the counter so far as against the average daily volumes of 26,671 shares in the past one quarter. The stock had hit a high of Rs 2,479.95 so far during the day, which is also its record high. The stock hit a low of Rs 2,148.85 so far during the day. The stock had hit a 52-week low of Rs 397.25 on 22 November 2016.

The stock had outperformed the market over the past one month till 5 July 2017, advancing 84.29% compared with the Sensexs 0.2% fall. The scrip had also outperformed the market over the past one quarter advancing 104.48% as against the Sensexs 4.24% rise. The scrip had also outperformed the market over the past one year advancing 360.14% as against the Sensexs 15.01% rise.

The mid-cap company has equity capital of Rs 14.09 crore. Face value per share is Rs 10.

Shares of Venkys (India) had rallied 61.54% in the preceding six trading sessions to settle at Rs 2,293.80 yesterday, 5 July 2017, from its close of Rs 1,420 on 27 June 2017.

Venkys (India)s net profit surged 106.6% to Rs 41.71 crore on 4.2% increase in net sales to Rs 619.03 crore in Q4 March 2017 over Q4 March 2016.

Venkys (India) is an integrated poultry firm.

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Man Infraconstruction provides update on redevelopment of MHADA layouts
Jul 06,2017

Man Infraconstruction announced that the Government of Maharashtra, Urban Development Department on 03 July 2017 has notified its long awaited amendment to the Regulation 35(5) of Development Control Regulations (DCR), Greater Mumbai, 1991 in respect of redevelopment of MHADA layouts.

The group entities namely Man Realtors and Holdings and MICL Developers have acquired development rights in respect of 14 buildings in MHADA layout at Ghatkopar East and 2 Buildings in MHADA layout at Tagore Nagar Layout, Vikhroli East respectively.

Thus new MHADA policy will help to fast track approval process and commencement of the aforesaid projects.

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Firstsource Solutions allots 3000 equity shares
Jul 06,2017

Firstsource Solutions has allotted 3,000 Equity shares of Rs.10/- each on 30 June 2017, under Employee Stock Option Scheme 2003 of the Company. Consequent to the said allotment, the paid up capital of the Company has increased to Rs. 6,818,618,620 consisting of 681,861,862 Equity shares of Rs.10/- each.

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Asian Hotels (East) to hold AGM
Jul 06,2017

Asian Hotels (East) announced that the 10th Annual General Meeting(AGM) of the company on 28 July 2017.

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Beardsell to hold board meeting
Jul 06,2017

Beardsell will hold a meeting of the Board of Directors of the Company on 22 July 2017 To approve the notice of the 80th Annual General Meeting and to fix the date, time and venue for the meeting

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Bharat Forge gains after rise in North America Class 8 truck orders
Jul 06,2017

Meanwhile, the S&P BSE Sensex was up 153.81 points, or 0.49% to 31,399.37.

On the BSE, 45,000 shares were traded in the counter so far, compared with average daily volumes of 67,852 shares in the past one quarter. The stock had hit a high of Rs 1,139.20 and a low of Rs 1,120 so far during the day. The stock hit a 52-week high of Rs 1,220.45 on 8 June 2017. The stock hit a 52-week low of Rs 716.70 on 4 August 2016.

The stock had underperformed the market over the past one month till 5 July 2017, falling 4.72% compared with 0.18% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 2.05% as against Sensexs 4.40% rise. The scrip, however, outperformed the market in past one year, surging 44.65% as against Sensexs 15.01% rise.

The large-cap company has equity capital of Rs 46.56 crore. Face value per share is Rs 2.

As per FTR release, preliminary North America Class 8 truck orders surged 38% to 17,764 units in June 2017 over May 2017. About 20% of Bharat Forges revenue on standalone basis reportedly comes from North America truck market.

Net profit of Bharat Forge rose 25.32% to Rs 207.50 crore on 11.31% rise in net sales to Rs 1125.66 crore in Q4 March 2017 over Q4 March 2016.

Bharat Forge is a technology driven global leader in metal forming having transcontinental presence across ten manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining , rail, marine and aerospace.

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Ministry of Food Processing Industry establishes GST facilitation cell to guide industry about GST regime
Jul 06,2017

The Ministry of Food Processing Industries has established a four member GST Facilitation Cell at its office to guide the industry about the new tax regime. The members of the GST Facilitation Cell can be accessed through Toll Free No 1800111175 or on #AskonGSTFPI. Further details can be accessed from http://www.mofpi.nic.in

The ministry has created a GST cell for the purpose of implementation and facilitating the rollout of GST with immediate effect. The GST facilitation cell will provide all possible support for the rollout of the levy to the major industry and business associations related to MoFPI. This cell will serve as the first point of contact to address any issue being faced by any sector related to the ministry. The GST cell will be equipped with the complete knowledge of the relevant GST Act, rules, rate structure etc.

The cell will be headed by Shri Bijaya Kumar Behera, Economic Advisor and Shri G Srinivasan, senior marketing officer, Shri S N Ahmed, Assistant Director, Shri Bikram Nath, Assistant Director as its Members.

The Ministry is in the process of organising several programmes for the industry to sensitise associates about GST, and has also planned to conduct seminars to disseminate information about the new tax regime.

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Andhra Petrochemicals announces resignation of nominee director
Jul 06,2017

Andhra Petrochemicals announced that Kartikeya Misra, Nominee Director of Andhra Pradesh Industrial Development Corporation has resigned from the Board of the Company with effect from 05 July 2017 consequent upon withdrawal of this nomination by APIDC.

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Prestige Estates Projects leads gainers on BSEs A group
Jul 06,2017

Meanwhile, the S&P BSE Sensex was up 154.04 points, or 0.49% at 31,399.60.

Prestige Estates Projects rose 5.76% at Rs 264.20. The stock topped the gainers in A group. On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 11,000 shares in the past two weeks.

Indian Bank rose 5.90% at Rs 296.90. The stock was the second biggest gainer in A group. On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past two weeks.

Sobha rose 5.07% at Rs 401 after the company achieved good new sales volume in Q1 June 2017. The stock was the third biggest gainer in A group. On the BSE, 69,000 shares were traded on the counter so far as against the average daily volumes of 25,000 shares in the past two weeks.

Redington (India) rose 4.84% at Rs 133.15 after a huge bulk deal of 2.01 crore shares saw 5% equity stake of the company changing hands at Rs 135.85 per share at 09:22 IST on BSE. The stock was the fourth biggest gainer in A group. On the BSE, 2.17 crore shares were traded on the counter so far as against the average daily volumes of 3.50 lakh shares in the past two weeks.

IL&FS Transportation Networks rose 4.74% at Rs 102.85. The stock was the fifth biggest gainer in A group. On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 74,000 shares in the past two weeks.

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Trimurthi to hold board meeting
Jul 06,2017

Trimurthi will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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Tech Mahindra to hold AGM
Jul 06,2017

Tech Mahindra announced that the 30th Annual General Meeting(AGM) of the company on 1 August 2017.

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Wockhardt to hold AGM
Jul 06,2017

Wockhardt announced that the th Annual General Meeting(AGM) of the company on 2 August 2017.

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Geojit Financial Services to hold AGM
Jul 06,2017

Geojit Financial Services announced that the 23th Annual General Meeting(AGM) of the company on 25 July 2017.

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Dynamatic Technologies signs strategic cooperation agreement to address UAV market in India
Jul 06,2017

Dynamatic Technologies announced that the Company, Israel Aerospace Industries (IAI), and Elcom Systems announced their strategic cooperation, to jointly address the needs of the Indian UAV (Unmanned Aerial Systems) market, under the Make in India initiative of the Indian Government.

The announcement followed the signing of a cooperation agreement between the companies, regarding production, assembly and support of UAVs in India.

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