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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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Infosys slumps about 14% in two sessions
Aug 21,2017

Meanwhile, the S&P BSE Sensex was down 159.47 points, or 0.51% to 31,365.21.

On the BSE, 35.82 lakh shares were traded in the counter so far, compared with average daily volumes of 3.84 lakh shares in the past one quarter. The stock had hit a high of Rs 929 and a low of Rs 875.20 so far during the day. The stock hit a 52-week high of Rs 1,080.70 on 14 October 2016. The stock hit a 52-week low of Rs 875.20 on 21 August 2017.

The stock had underperformed the market over the past one month till 10 August 2017, falling 4.74% compared with 1.19% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.63% as against Sensexs 3.48% rise. The scrip had also underperformed the market in past one year, falling 9.60% as against Sensexs 12.28% rise.

The large-cap company has equity capital of Rs 1148.48 crore. Face value per share is Rs 5.

According to media reports, four US law firms would be investigating claims on behalf of Infosys investors whether some of the officers and directors of the company engaged in securities fraud. This development follows the sudden resignation of CEO Vishal Sikka and the steep drop in share prices on Friday, 18 August 2017.

Vishal Sikka resigned as managing director and chief executive officer of Infosys on Friday, 18 August 2017. The board has accepted his resignation with immediate effect, the IT major said in a statement issued during trading hours on Friday, 18 August 2017. Infosys said U.B. Pravin Rao, its chief operating officer, has been named as interim managing director and chief executive.

Shares of Infosys slumped 9.60% to settle at Rs 923.10 on Friday, 18 August 2017. The stock has fallen 13.98% in two sessions from its close of Rs 1,021.15 on 17 August 2017.

Dr Sikka cited personal attacks as one of the reasons for his surprise resignation in a letter to Infosys board members. In his notice of resignation to the board, Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing managements ability to accelerate the companys transformation, Infosys said in a statement.

The board understands and acknowledges Dr Sikkas reasons for resignation, and regrets his decision. In particular, the board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months, Infosys added.

Meanwhile, Infosys board at its meeting held on Saturday, 19 August 2017, approved a proposal to buyback upto 11.30 crore shares, aggregating up to 4.92% of the paid-up equity capital, at Rs 1,150 per share. The maximum buyback size is Rs 13000 crore. The buyback price is at a premium of 24.58% over the stocks closing price of Rs 923.10 on the BSE on Friday, 18 August 2017.

Infosys consolidated net profit fell 3.3% to Rs 3483 crore on 0.2% decline in revenue to Rs 17078 crore in Q1 June 2017 over Q4 March 2017.

Infosys is a global leader in technology services and consulting.

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Soil health cards should be printed in the local dialect of the area
Aug 21,2017

The Prime Minister, Shri Narendra Modi, reviewed the progress of two key schemes related to the agriculture sector - Soil Health Cards; and Pradhan Mantri Fasal Bima Yojana.

The Prime Minister was informed that 16 States/UTs have completed the first cycle of Soil Health Cards distribution, and the remaining States are likely to complete the same within weeks.

Reviewing the progress, the Prime Minister said that appropriate checks should be undertaken for variation, both within a sampling grid, and across different soil testing labs. This would help ensure quality in the reports, he added.

The Prime Minister also emphasized that soil health cards should be printed in the local dialect of the area, so that the farmers are able to read and understand them easily.

Encouraging the rapid adoption of latest technology, the Prime Minister said that soil testing should eventually be possible through hand-held devices. He urged officials to explore the possibility of involving start-ups and entrepreneurs in this exercise.

On Pradhan Mantri Fasal Bima Yojana, the Prime Minister was informed that in the Kharif season of 2016, and Rabi season of 2016-17, claims of over Rs. 7700 crore have already been paid, and over 90 lakh farmers have been benefited.

Officials also said that latest technology including smartphones, remote sensing, satellite data and drones are being used for speedy data collection with regard to crop insurance claims.

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Suven Life Sciences sizzles after securing a product patent
Aug 21,2017

The announcement was made during market hours today, 21 August 2017.

Meanwhile, the S&P BSE Sensex was down 93.64 points or 0.3% to 31,431.04. The S&P BSE Small-Cap index was down 21.36 points, or 0.14% to 15,596.59.

On the BSE, 46,000 shares were traded in the counter so far, compared with average daily volumes of 35,605 shares in the past one quarter. The stock had hit a high of Rs 167.80 and a low of Rs 160 so far during the day. The stock hit a 52-week high of Rs 213.10 on 6 October 2016. The stock hit a 52-week low of Rs 151.10 on 9 November 2016.

The small-cap company has equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences announced the grant of one product patent from Japan corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these patents are valid through 2034.

The granted claims of the patents include the class of selective 5-HT4 compounds and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Parkinson and Schizophrenia.

Net profit of Suven Life Sciences fell 9.24% to Rs 29.57 crore on 3.2% rise in net sales to Rs 137.45 crore in Q1 June 2017 over Q1 June 2016.

Suven Life Science is a biopharmaceutical company focused on discovering, developing and commercializing novel pharmaceutical products, which are first in class or best in class CNS therapies using GPCR targets.

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Volumes jump at Solar Industries counter
Aug 21,2017

Solar Industries India clocked volume of 2.91 lakhshares by 13:20 IST on BSE, a 84.63-times surge over two-week average daily volume of 3,000 shares. The stock fell 1.24% to Rs 853.

Supreme Industries notched up volume of 1.40 lakh shares, a 33.52-fold surge over two-week average daily volume of 4,000 shares. The stock fell 0.95% to Rs 1,057.80.

Axis Bank saw volume of 1.18 crore shares, a 17.70-fold surge over two-week average daily volume of 6.67 lakh shares. The stock rose 1.70% to Rs 499.05.

IRB InvIT Fund clocked volume of 16.10 lakh shares, a 16.56-fold surge over two-week average daily volume of 97,000 shares. The stock rose 0.49% to Rs 96.50.

V-Mart Retail saw volume of 45,000 shares, a 15.25-fold rise over two-week average daily volume of 3,000 shares. The stock rose 20% to Rs 1,464.70.

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PC Jeweller leads gainers in A group
Aug 21,2017

PC Jeweller jumped 5.21% to Rs 391.75 at 12:34 IST. The stock topped the gainers in the BSEs A group. On the BSE, 3.44 lakh shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past two weeks.

Delta Corp surged 3.76% to Rs 176.45. The stock was the second biggest gainer in A group. On the BSE, 9.35 lakh shares were traded on the counter so far as against the average daily volumes of 5.84 lakh shares in the past two weeks.

Chennai Petroleum Corporation gained 3.78% at Rs 414.30. The stock was the third biggest gainer in A group. On the BSE, 1.82 lakh shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past two weeks.

Century Textiles & Industries advanced 3.23% at Rs 1,226.20. The stock was the fourth biggest gainer in A group. On the BSE, 52,000 shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past two weeks.

NMDC rose 2.82% to Rs 124.05. The stock was the fifth biggest gainer in A group. On the BSE, 2.44 lakh shares were traded on the counter so far as against the average daily volumes of 4.03 lakh shares in the past two weeks.

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Monte Carlo advances after strong Q1 results
Aug 21,2017

The result was announced after market hours on Friday, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 65.21 points, or 0.21% at 31,459.47. The S&P BSE Small-Cap index was down 10.62 points, or 0.07% at 15,607.33.

On the BSE, 1,354 shares were traded on the counter so far as against the average daily volumes of 9,684 shares in the past one quarter. The stock had hit a high of Rs 484 and a low of Rs 474.30 so far during the day. The stock had hit a record high of Rs 640.10 on 11 July 2017 and a 52-week low of Rs 370 on 17 February 2017.

The stock had underperformed the market over the past one month till 18 August 2017, declining 16.26% compared with the Sensexs 0.59% fall. The scrip had, however, outperformed the market over the past one quarter advancing 4.06% as against the Sensexs 3.58% rise. The scrip had, however, underperformed the market over the past one year advancing 2.51% as against the Sensexs 12.09% rise.

The small-cap company has equity capital of Rs 21.73 crore. Face value per share is Rs 10.

Monte Carlo Fashions is engaged in manufacturing of all types of textile garments and clothing accessories.

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Oriental Veneer Products to convene AGM
Aug 21,2017

Oriental Veneer Products announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2017.

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ACE EduTrend to convene board meeting
Aug 21,2017

ACE EduTrend will hold a meeting of the Board of Directors of the Company on 25 August 2017.

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Board of Sanwaria Agro Oils recommends final dividend
Aug 21,2017

Sanwaria Agro Oils announced that the Board of Directors of the Company at its meeting held on 18 August 2017, inter alia, have recommended the final dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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RTS Power Corporation schedules board meeting
Aug 21,2017

RTS Power Corporation will hold a meeting of the Board of Directors of the Company on 14 September 2017, to approve the Unaudited Standalone Financial Results of the Company for the Quarter and three months ended on 30th June, 2017

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KG Denim to announce Quarterly Result
Aug 21,2017

KG Denim will hold a meeting of the Board of Directors of the Company on 2 September 2017, to approve the Un-audited Financial Results of the Company along with the Limited Review Report for the Quarter ended June 30, 2017.

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Axtel Industries to convene AGM
Aug 21,2017

Axtel Industries announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2017.

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Dynavision to discuss results
Aug 21,2017

Dynavision will hold a meeting of the Board of Directors of the Company on 30 August 2017, to approve the Un-audited Financial Results of the Company for the quarter ended 30th June 2017

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Sterling Powergensys to conduct AGM
Aug 21,2017

Sterling Powergensys announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2017.

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Artillegence Bio-Innovations to conduct AGM
Aug 21,2017

Artillegence Bio-Innovations announced that the Annual General Meeting (AGM) of the company will be held on 11 August 2017.

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