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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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Hinduja Global Solutions allots equity shares
Nov 11,2016

Hinduja Global Solutions announced that the Stakeholders Relationship and Share Allotment Committee of the Board of Directors of the Company on 10 November 2016 has allotted 11,816 Equity Shares of Rs.10/- each fully paid up to the Eligible Employees / Optionees on exercise of the options granted to them pursuant to the Hinduja Global Solutions Limited Employees Stock Option Plan 2008 (ESOP 2008) and Hinduja Global Solutions Limited Employees Stock Option Plan 2011 (ESOP 2011).

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 20,74,27,630/- consisting 2,07,42,763 equity shares of Rs. 10/- each.

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Tata Global Beverages to consider voluntary delisting from Calcutta Stock Exchange
Nov 11,2016

Tata Global Beverages announced that the Board, at its meeting on 15 November 2016, may inter alia consider making an application to the Calcutta Stock Exchange Association (CSE), a Regional Stock Exchange seeking voluntary delisting of its equity shares from CSE in terms of Regulation 6 of SEBI (Delisting of Equity Shares) Regulations 2009. The Companys Shares will continue to be listed on BSE Limited and National Stock Exchange of India Ltd.

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Robust Q2 earnings boost Andrew Yule
Nov 11,2016

The result was announced after market hours yesterday, 10 November 2016.

Meanwhile, the S&P BSE Sensex was down 404.89 points or 1.47% at 27,112.79.

The stock spurted on heavy volumes. On BSE, so far 13.70 lakh shares were traded in the counter as against average daily volume of 1.11 lakh shares in the past two weeks. The stock hit a high of Rs 24.70 and a low of Rs 23.20 so far during the day. The stock had hit a 52-week high of Rs 33.85 on 23 December 2015. The stock had hit a 52-week low of Rs 18.15 on 1 March 2016.

The small-cap company has equity capital of Rs 69.22 crore. Face value per share is Rs 2.

Andrew Yule & Company is engaged in tea, electrical and engineering business.

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Board of Capital First approves preferential allotment of shares to Caladium Investment
Nov 11,2016

Capital First announced that the Board of Directors of the Company at its meeting held on 11 November 2016 approved the following -

Issue and allotment of 47.80 lakh shares of face value of Rs 10 each on preferential basis to Caladium Investment, an affiliate of GIC, Singapores sovereign wealth fund, at a price of Rs 712.70 per share amounting to Rs 340.67 crore.

The EGM of the Company will be held on 08 December 2016 to approve the issue, offer and allotment of equity shares on preferential basis to Caladium Investment (non promoter group entity).

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Board of Capital First approves preferential allotment of shares to Caladium Investment
Nov 11,2016

Capital First announced that the Board of Directors of the Company at its meeting held on 11 November 2016 approved the following -

Issue and allotment of 47.80 lakh shares of face value of Rs 10 each on preferential basis to Caladium Investment, an affiliate of GIC, Singapores sovereign wealth fund, at a price of Rs 712.70 per share amounting to Rs 340.67 crore.

The EGM of the Company will be held on 08 December 2016 to approve the issue, offer and allotment of equity shares on preferential basis to Caladium Investment (non promoter group entity).

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Shoppers Stop skids after closing some stores
Nov 11,2016

The announcement was made after market hours yesterday, 10 November 2016.

Meanwhile, the BSE Sensex was down 422.60 points, or 1.54%, to 27,095.08.

On BSE, so far 100 shares were traded in the counter, compared with an average volume of 1,039 shares in the past one quarter. The stock hit a high of Rs 342.75 and a low of Rs 339 so far during the day. The stock hit a 52-week low of Rs 325 on 9 November 2016. The stock hit a record high of Rs 422 on 23 December 2015. The stock underperformed the market over the past one month till 10 November 2016, dropping 5.43% compared with 2.01% fall in the Sensex. The scrip also underperformed the market in past one quarter, shedding 7.11% as against Sensexs 0.93% fall.

The mid-cap retail firm has an equity capital of Rs 41.75 crore. Face value per share is Rs 5.

Shoppers Stop said that it closed Shoppers Stop stores at Inorbit Mall-Pune and Nirmal Lifestyle-Mulund, due to lower than expected businesses and its low profitability. During the last financial year ended 31 March 2016 (FY 2016), sales from Inorbit Mall-Pune was Rs 24.91 crore which is 0.66% of the turnover of the company and sales from Nirmal Lifestyle - Mulund was Rs 16.67 crore which is 0.44% of the turnover of the company. With these closures, the company has now 81 Shoppers Stop (including six airport stores) stores under its operations. And also, the company said that its 51% subsidiary company; Hypercity Retail (India); has closed Hypercity store at Inorbit Mall-Pune due to lower than expected business and its low profitability. The sale from this store for FY 2016 was Rs 13.27 crore which is 1.4% of the turnover of the Hypercity. With the closing of this store, there are now 19 Hypercity stores.

Shoppers Stops net profit declined 11.1% to Rs 10.69 crore on 7.1% rise in net sales to Rs 939.53 crore in Q2 September 2016 over Q2 September 2015.

Shoppers Stop is engaged in the busines of retailing a variety of household and consumer products through departmental stores.

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Board of Ushdev International to consider September quarter results
Nov 11,2016

Ushdev International announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 22 November 2016, inter alia, to consider and approve the the Un-audited Financial Results (Standalone) for the quarter and half year ended 30 September 2016.

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Board of Ushdev International to consider September quarter results
Nov 11,2016

Ushdev International announced that the Meeting of the Board of Directors of the Company is scheduled to be held on 22 November 2016, inter alia, to consider and approve the the Un-audited Financial Results (Standalone) for the quarter and half year ended 30 September 2016.

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CBDT advancing to finalize draft forthcoming Budget for public consultations
Nov 11,2016

Initial draft of forthcoming budget is being finalized by Central Board of Direct Taxes following which it would be placed for public and industries consultations for their reactions to make it more comprehensive and inclusive, according to Chairman, CBDT, Mr. Sushil Chandra.

Chandra emphasized that the board is committed to bring in complete transparency in Indias tax administration as well as its tax policies that would be entirely friendly, leading to facilitation of businesses.

The Chairman, CBDT, however, appealed to the industry and business community not to use international tax treaties for tax avoidance, rather make use of them for facilitation of businesses in all segments of economic engagements.

Elaborating on forthcoming budget making exercise, Mr. Chandra pointed out that it has been almost finalized with few additions here and there, following which it would be taken for larger industry and public consultations so that their suggestions and recommendations relating to taxation and other such issues are absorbed in the document for optimum satisfaction of both government and industry including public.

Speaking on the occasion, Principal CCIT (International Tax & Transfer Pricing), Mr. Akhilesh Ranjan reiterated the governments resolve for bringing in absolute transparency in its tax administration and tax dispensation so that businesses flourish without obstruction to government revenues.

He emphasized that on the issue of transfer pricing, the government has been moving on the right direction, removing complexities in it and added that there is a consensus on host of such issues in G-20 group of nations in which India has begun to play a dominant role.

In his welcome remarks, Sr. Vice President, PHD Chamber, Mr. Gopal S Jiwarajka and the Chambers Direct Taxes Committee Chairman, Mr. Anil K Chopra sought fair play for all that have become participants in Indias global engagements including its growth engine. They appreciated various positive measures by the tax department that are helping India to become a preferred destination.

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Board of Joy Realty announces change in company secretary
Nov 11,2016

Joy Realty announced that the Board of Directors of the Company at its meeting held on 10 November 2016, have considered the following:

- Appointed Shruti Dinesh Shah as the Company Secretary and Compliance Officer in place of Bhavin Soni.

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Board of Joy Realty announces change in company secretary
Nov 11,2016

Joy Realty announced that the Board of Directors of the Company at its meeting held on 10 November 2016, have considered the following:

- Appointed Shruti Dinesh Shah as the Company Secretary and Compliance Officer in place of Bhavin Soni.

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Board of JBF Industries to consider September quarter and half year results
Nov 11,2016

JBF Industries announced that the Board of Directors of the Company will meet on 22 November 2016, to consider Unaudited Financial Statements for the quarter and half year ended on 30 September 2016.

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Board of JBF Industries to consider September quarter and half year results
Nov 11,2016

JBF Industries announced that the Board of Directors of the Company will meet on 22 November 2016, to consider Unaudited Financial Statements for the quarter and half year ended on 30 September 2016.

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Tata Chemicals announces resignation of director
Nov 11,2016

Tata Chemicals announced Bhaskar Bhat, Non-executive, Non Independent Director, has resigned from the Board of the Company w.e.f. 10 November 2016.

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Tata Chemicals announces resignation of director
Nov 11,2016

Tata Chemicals announced Bhaskar Bhat, Non-executive, Non Independent Director, has resigned from the Board of the Company w.e.f. 10 November 2016.

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