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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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Garden Silk Mills to hold board meeting
Feb 07,2017

Garden Silk Mills will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the unaudited financial results of the Company for the third quarter and nine months ended 31 December 2016.

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Den Networks to hold EGM
Feb 07,2017

Den Networks announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 March 2017.

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Board of AVT Natural Products recommends dividend
Feb 07,2017

AVT Natural Products announced that the Board of Directors of the Company at its meeting held on 7 February 2017, inter alia, have recommended the dividend of Rs 0.2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Solar Industries India to hold board meeting
Feb 07,2017

Solar Industries India will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve the Un-audited Financial Results of the Company for the Quarter ended 31 December 2016 and also to consider and declare an Interim Dividend for the FY 2016-17.

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KND Engineering Technologies to hold board meeting
Feb 07,2017

KND Engineering Technologies will hold a meeting of the Board of Directors of the Company on 13 February 2017, to take on record the Un-audited Financial Results for the quarter ended 31 December 2016.

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Ashoka Refineries to hold board meeting
Feb 07,2017

Ashoka Refineries will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider, approve and take on record the Un-audited Financial results of the Company for the Quarter and nine months ended on 31 December 2016

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P C Products India to hold board meeting
Feb 07,2017

P C Products India will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the Un - Audited Financial Results for the Quarter III and 9 Months ended 31 December 2016, & to raise funds for expansion of business and working capital requirements.

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Gennex Laboratories to hold board meeting
Feb 07,2017

Gennex Laboratories will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and take on records the Un-audited financial results for the Third Quarter ended 31 December 2016

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Natura Hue Chem to hold board meeting
Feb 07,2017

Natura Hue Chem will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider, approve and take on record the Un-audited Financial results of the Company for the Quarter and nine months ended on 31 December 2016 and others matters.

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Combat Drugs to hold board meeting
Feb 07,2017

Combat Drugs will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the un-Audited Financial Results for the Quarter ended 31 December 2016 and the Limited Review Report of the Auditors.

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VIP Industries to hold board meeting
Feb 07,2017

VIP Industries will hold a meeting of the Board of Directors of the Company on 14 February 2017, to Consider and approve the Un-audited Financial Results for the quarter and nine months ended 31 December 2016 & Consider declaration of Interim Dividend on the equity shares, if approved by the Board, for the Financial Year 2016-17.

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Parenteral Drugs (India) to hold board meeting
Feb 07,2017

Parenteral Drugs (India) will hold a meeting of the Board of Directors of the Company on 13 February 2017, to consider and approve, the unaudited Financial Results of the Company for the quarter ended on 31 December 2016.

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Moodys: Asian liquidity stress index improves for second consecutive month to 29.4% in January
Feb 07,2017

Moodys Investors Service says that its Asian Liquidity Stress Index (Asian LSI) fell for the second consecutive month in January 2017, registering 29.4% a slight improvement from 30.3% in December 2016.

The Asian LSI fell to 29.4% largely due to an increase in the number of Moodys-rated high-yield companies to 126 from 122 January but also reflects the second consecutive month showing improvement in the index and fifth consecutive month it is below the trailing 12-month average of 31.8%, says Brian Grieser, a Moodys Vice President and Senior Analyst.

The index measures the percentage of high-yield companies with SGL-4 scores and increases when speculative-grade liquidity appears to deteriorate.

However, the Asian LSI remains above the long-term average of 22.7%, highlighting the ongoing weakness in corporate liquidity profiles across Asia adds Grieser.

The liquidity stress sub-index for North Asian high-yield issuers fell to 30.5% in January 2017 from 32.5% in December 2016. Within this portfolio, the Chinese sub-index dropped to 31.9% from 34.3%. The Chinese high-yield property sub-index fell to 17.5% from 20.0%, and is now at its lowest level since November 2014. Meanwhile, the Chinese high-yield industrial sub-index dropped to 50.0% from 53.3%.

The liquidity stress sub-index for South and Southeast Asian high-yield issuers rose to 27.3% from 26.2%. By contrast, the Indonesian sub-index fell to 23.8% from 26.3%.

Moodys report points out that in January 2017, Moodys downgraded three high-yield issuers and there was one fallen angel, a term which denotes a company which was downgraded from an investment-grade to a non-investment grade rating. The downward rating actions continue the trend that has seen downgrades exceed upgrades every quarter since Q2 2013.

Across Moodys portfolio of 126 rated high-yield issuers, the percentage of negative leaning outlooks n++ meaning ratings with either a negative outlook or on review for downgrade n++ fell to 34.9% in January 2017 from 35.2% in December 2016.

Moodys also says that 11 bond deals closed during January 2017, raising $3.6 billion, and representing the strongest monthly issuance of rated high-yield debt in Asia since January 2014. Chinese corporates accounted for nine of the 11 deals, and two-thirds of the total dollar amount issued.

At 31 January 2017, Moodys rated 126 speculative-grade non-financial corporates in Asia n++ excluding Japan and Australia n++ with rated debt totaling $64.7 billion.

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Mesco Pharmaceuticals to hold board meeting
Feb 07,2017

Mesco Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 14 February 2017, to approve the Un-audited Financial Results of the Company for the quarter and Nine Months ended 31 December 2016.

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Sudev Industries to hold board meeting
Feb 07,2017

Sudev Industries will hold a meeting of the Board of Directors of the Company on 14 February 2017, to consider and approve, the unaudited Financial Results of the Company for the quarter ended on 31 December 2016.

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