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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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Board of Shilpa Medicare recommends dividend
Mar 09,2017

Shilpa Medicare announced that the Board of Directors of the Company at its meeting held on 9 March 2017, inter alia, have recommended the dividend of Rs 0.6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Aagam Capital to hold board meeting
Mar 09,2017

Aagam Capital will hold a meeting of the Board of Directors of the Company on 18 March 2017.

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Rural Electrification Corporation to hold board meeting
Mar 09,2017

Rural Electrification Corporation will hold a meeting of the Board of Directors of the Company on 24 March 2017, for consideration of Audited (Standalone) Financial Statements of the Company for the Half-Year ended 30 September 2016

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Pneumatic Holdings to hold board meeting
Mar 09,2017

Pneumatic Holdings will hold a meeting of the Board of Directors of the Company on 13 March 2017, to consider declaration of interim dividend

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Puravankara appoints CFO
Mar 09,2017

Puravankara announced the appointment of Kuldeep Chawla as Chief Financial Officer of Puravankara with effect from 08 March 2017.

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Shilpa Medicare gains as company to evaluate growth opportunities
Mar 09,2017

The announcement was made during market hours today, 9 March 2017.

Meanwhile, the S&P BSE Sensex was up 27.19 points, or 0.09%, to 28,929.13

On the BSE, so far 9,840 shares were traded in the counter, compared with average daily volumes of 12,204 shares in the past one quarter. The stock had hit a high of Rs 642 and a low of Rs 630.35 so far during the day. The stock hit a record high of Rs 786.75 on 21 December 2016. The stock hit a 52-week low of Rs 407.80 on 16 March 2016.

The mid-cap company has equity capital of Rs 8.01 crore. Face value per share is Re 1.

Shilpa Medicare said that given the strong performance of the company, the board has authorized the Managing Director, Vishnukant C. Bhutada to identify and evaluate further opportunities and ideas for organic and inorganic growth including acquisitions in similar and adjacent businesses.

On a consolidated basis, Shilpa Medicares net profit dropped 37.05% to Rs 17.45 crore on 8.23% growth in net sales to Rs 183.58 crore in Q3 December 2016 over Q3 December 2015.

Shilpa Medicare is engaged in the business of bulk drugs manufacturing.

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Board of Noida Toll Bridge Company approves change in director
Mar 09,2017

Noida Toll Bridge Company announced that the Board of Directors, of the Company at its meeting held on 09 March 2017, has approved the following changes in the composition of the Board of Directors, with immediate effect: Resignation of Harish Mathur, Executive Director & CEO and Key Managerial Personnel of the Company, Nominee Director of IL&FS Transportation Networks. The Board has appointed Ajai Mathur, as the Managing Director and Key Managerial Personnel, of the Company, for a period of 5 years w.e.f. 09 March 2017

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Jyothy Laboratories provides update on scheme of amalgamation
Mar 09,2017

Jyothy Laboratories announced that Honble Mumbai Bench of National Company Law Tribunal (NCLT) vide its order dated 01 March 2017 (uploaded on website of NCLT on 09 March 2017) has sanctioned the Scheme of Amalgamation of Jyothy Consumer Products Marketing with Jyothy Laboratories (the Company) under Section 391 to 394 of the Companies Act, 1956 and Section 230 to 232 of the Companies Act, 2013 w.e.f. 01 April 2016 being the appointed date.

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Oracle Financial Services Software hits 52-week high
Mar 09,2017

Meanwhile, the BSE Sensex was up 27.19 points, or 0.09%, to 28,929.13

On BSE, so far 15,000 shares were traded in the counter, compared with an average volume of 2,262 shares in the past one quarter. The stock hit a high of Rs 4,088.60 and a low of Rs 3,834.25 so far during the day. The stock hit a 52-week low of Rs 2,795.75 on 23 November 2016.

The large-cap company has an equity capital of Rs 42.54 crore. Face value per share is Rs 5.

Shares of Oracle Financial Services Software has gained 7.75% in four trading days from its recent low of Rs 3,637.90 on 2 March 2017.

Oracle Financial Services Softwares consolidated net profit rose 20.65% to Rs 319.31 crore on 11.77% increase in total income to Rs 1196.66 crore in Q3 December 2016 over Q3 December 2015.

Oracle Financial Services Software is a world leader in providing products and services to the financial services industry and is a majority owned subsidiary of Oracle Corporation.

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UltraTech Cement allots 16,484 equity shares
Mar 09,2017

UltraTech Cement has allotted 16,484 equity shares of Rs 10 each of the Company to options grantees upon exercise of stock options under the Companys ESOS.

On allotment, the equity share capital of the Company stands increased to 27,45,00,992 equity shares of Rs 10 each aggregating to Rs 274.50 crore.

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Aunde India gets revision in ratings for bank facilities
Mar 09,2017

Aunde India announced that CRISIL has revised its rating outlook on the long term bank facilities of Aunde India (AIL) to Positive from Stable, while reaffirming the rating at CRISIL BB+. The short term rating has been reaffirmed at CRISIL A4+

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Kotak Mahindra Bank allots 5,38,679 equity shares
Mar 09,2017

Kotak Mahindra Bank has allotted 5,38,679 Equity Shares of Rs 5 each, pursuant to exercise of equivalent number of Employee Stock Option.

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57 Inter Regional Power Transmission projects worth Rs.7,268 crores sanctioned under the Power System Development Fund (PSDF) scheme
Mar 09,2017

Inter Regional Transmission Corridors (IRTC) are planned and implemented for transfer of power from surplus states/regions to deficit states/regions on short term basis, subject to availability of margins in these lines. These lines, a part of the evacuation system from interstate generation stations, are mainly used for delivery of power from these generating stations to their beneficiaries in various states.

A number of inter-regional links have been planned which interconnect the five regional grids i.e. Northern, Western, Southern, Eastern and North Eastern regions. Presently, the total transmission capacity of such interregional links is 63650 MW (as on January, 2017), he said.

As of now, 57 projects have been sanctioned under the Power System Development Fund (PSDF) scheme, at the cost of Rs.7268 Crores. PSDF can beutilized, inter alia, for creating necessary transmission systems of strategic importance based on operational feedback by Load Dispatch Centres for relieving congestion in Inter-State Transmission Systems (ISTS) and intra-state system which are incidental to the ISTS. This fund can also be utilized for Renovation & Modernization of transmission and distribution systems for relieving congestion, Shri Goyal added.

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A2Z Infra Engineering secures 3 contracts worth Rs 222.57 crore
Mar 09,2017

A2Z Infra Engineering has been awarded three Contracts from Chhattisgarh State Power Distribution Company (CSPDCL)vide Letter of awards dated 08 March 2017.

The aggregate value of the said contracts is Rs 222.57 crore for execution of works for Supply of material and erection of lines & substations under IPDS of Durg, Raipur and Bilaspur Region in the State of Chhattisgarh.

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Nalco falls ex-dividend
Mar 09,2017

Meanwhile, the S&P BSE Sensex was up 38.68 points, or 0.13%, to 28,940.62

On BSE, so far 3.68 lakh shares were traded in the counter as against average daily volume of 5.03 lakh shares in the past one quarter. The stock hit a high of Rs 71.70 and a low of Rs 70.25 so far during the day. The stock had hit a 52-week high of Rs 79.85 on 7 March 2017. The stock had hit a 52-week low of Rs 36.80 on 29 March 2016.

The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.

Before turning ex-dividend, the stock offered a dividend yield of 3.92% based on the closing price of Rs 71.30 yesterday, 8 March 2017.

National Aluminium Companys (Nalco) net profit declined 2.68% to Rs 143.92 crore on 13.92% growth in net sales to Rs 1963.81 crore in Q3 December 2016 over Q3 December 2015.

State-run Nalco has integrated and diversified operations in mining, metal and power. The Government of India (GoI) held 74.58% stake in the company (as per the shareholding pattern as on 31 December 2016).

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