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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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JK Paper gets upgradation in credit ratings
Jun 20,2017

JK Paper announced that India Ratings and Research (Ind-Ra), has upgraded JK Papers (i) Long-Term Issuer Rating to IND A- from IND BBB+, the Outlook is positive and (ii) Short-term Issuer Rating to IND A1 from IND A2+.

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Board of Fredun Pharmaceuticals approves issue of preference shares
Jun 20,2017

The Board of Directors of Fredun Pharmaceuticals at its meeting held on 20 June 2017 approved to issue compulsorily convertible preference share aggregating Rs 2.50 crore to eligible investors. The Board also considered option to purchase the three plots owned by Fredna Enterprises and the structures thereon to the Palghar Factory of the Company, which the Company is currently using as per the leave and licence agreement.

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Board of Raunaq EPC International approves issue of convertible warrants
Jun 20,2017

Raunaq EPC International announced that the Board of Directors of the Company at its meeting held on 20 June 2017 approved the issue of 4,59,000 (Four Lacs Fifty Nine Thousand) Convertible Warrants having the face value of Rs. 10/- (Rupees Ten Only) each to Promoter(s) and 1,97,757 (One Lac Ninety Seven Thousand Seven Hundred Fifty Seven) Convertible Warrants having the face value of Rs. 10/- (Rupees Ten Only) each to Non Promoters of the Company respectively on preferential basis subject to such other necessary regulatory approvals as may be required in this regard. The warrants will be issued at a price which shall be arrived as per the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended.

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City Union Bank announces cessation of director
Jun 20,2017

City Union Bank announced the cessation of T K Ramkumar, Director w.e.f 10 June, 2017 on completion of tenure in terms of Section 10A(2A)(i) of the Banking Regulation Act, 1949.

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City Union Bank appoints director
Jun 20,2017

City Union Bank at its board meetign held on 20 June 2017 has co-opted Subramaniam Narayanan, as Additional Director on the Board of the Bank, to hold the office as Director upto the date of ensuing Annual General Meeting of the Bank.

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Board of Rajoo Engineers approves allotment of convertible warrants
Jun 20,2017

The Board of Directors of Rajoo Engineers at its meeting held on 20 June 2017 have approved the allotment of 35,00,000 Convertible Warrants on preferential allotment basis at issue price of Rs. 19.10/- per warrant. Each warrant is convertible in to one Equity Share of face value of Re. 1/- each with in a period of 18 months from the date of allotment of such warrants.

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Board of Vitan Agro Industries approves change in directorate
Jun 20,2017

Vitan Agro Industries announced that the Board of Directors of the Company at its meeting held on 20 June 2017 transacted the following -

1)Appointment of Sunil Surendra Pachlangia (DIN: 07850377) as Additional cum Independent w.e.f 20 June, 2017.

2)Resignation of Pattamadai Veerabahu Subramaniam (DIN: 07274504), Director of the Company with effect from the closing hours of 20 June, 2017.

3)Resignation of Prabhakaran Maheshwari (DIN: 00594789), Director of the Company with effect from the closing hours of 20 June 2017.

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Somany Ceramics issues commercial paper aggregating Rs 40 crore
Jun 20,2017

Somany Ceramics has issued Commercial paper of Rs. 40 crore value dated 20 June 2017 having maturity on 15 September 2017.

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Grasim Industries fixes record date for scheme of arrangement
Jun 20,2017

Grasim Industries announced that the Merger Committee of Board of Directors of the Company made the effectiveness of its Composite Scheme of Arrangement with effect from 1 July 2017 and fixing the record date-1 as 6 July 2017 to allot the shares of Grasim to the Shareholders of Aditya Birla Nuvo.

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Oil India provides update on buyback of shares
Jun 20,2017

Oil India announced that it has completed the extinguishment of total of 4,49,12,000 fully paid up equity shares of Rs 10 each. The paid up capital post the buyback is 75,66,02,607 equity shares of Rs 10 each aggregating Rs 756.60 crore.

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Government of India and the ADB Sign $275 Million Loan for Upgrading Urban Services in 64 Small Towns in Madhya Pradesh
Jun 20,2017

The Asian Development Bank (ADB) and the Government of India signed a $275 million loan on 19th June, 2017 for improving urban services in 64 small towns in the State of Madhya Pradesh.

n++Madhya Pradesh needs substantial investments to keep pace with rapid urbanization. Availability of continuous piped water supply is vital for improving the urban infrastructure, and it will facilitate improved access to safe drinking water for residents in the project arean++, said Mr. Raj Kumar.

n++ADBs continued support to the States urban development, through this project, will improve further the quality, coverage, efficiency, and sustainability of urban service delivery, stabilize and deepen institutional capacity, and improve long term water service management,n++ said Mr. Sondjaja. n++A key element of the project is the use of design-build-operate contracts including 10-years operation and maintenance to ensure better sustainability of the water service operation and financial viability.n++

The project will develop sustainable, inclusive, and climate-resilient water supply in 64 small and medium-sized towns, and integrated storm water and sewerage infrastructure in two heritage towns of Khajuraho and Rajnagar. The project supports the State Governments priority to develop urban infrastructure. Previous ADB urban investments in the state have improved access to safe drinking water for more than 5 million residents in 4 major cities.

Along with ADBs loan, the Government of Madhya Pradesh will provide counterpart support of $124 million. The project will run for almost five years with an expected completion date of June 2022.

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China Stocks fall ahead of the MSCI decision on A shares
Jun 20,2017

The Mainland China equity market closed lower on Tuesday, 20 June 2017, on caution before MSCI Inc. announcement whether it will add Chinese domestic shares to its benchmark indexes. The Shanghai Composite Index eased 0.14%, or 4.36 points, to 3,140.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.12%, or 2.21 points, to 1,879.06. The CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - fell 0.2% or 7.18 points to 3,546.49. The Nasdaq-style ChiNext rose 0.3% or 18.33 points to 1,820.98.

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Hong Kong Stocks end down
Jun 20,2017

The Hong Kong stock market ended in red on Tuesday, 20 June 2017, as profit-taking following gains over the previous two trading days and on caution ahead of MSCIs decision to include mainland A-shares in its emerging markets index. Sector performance was mixed, with raw material stocks rose but property shares were down. The Hang Seng Index fell 0.31%, or 81.51 points, to 25,843.04, while the China Enterprises Index lost 0.5% or 52.32 points to 10,468.48. Turnover increased slightly to HK$66.8 billion from HK$65.7 billion on Monday. The northbound quota balance of the Shanghai-HK Connect program was RMB13.093 billion, surpassing the daily allowed quota of RMB13 billion. It indicated net outflow of RMB93 million. The southbound quota balance was RMB9.643 billion, accounting for 91.8% of the daily allowed quota of RMB10.5 billion. As for the Shenzhen-HK Connect, the northbound quota balance was RMB12.506 billion, accounting for 96.2% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB10.026 billion, accounting for 95.5% of the daily allowed quota of RMB10.5 billion.

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Australia Market falls on banks, realty weakness
Jun 20,2017

Australian equity market ended lower on Tuesday, 20 June 2017, as profit taking triggered after two straight sessions of gains, with shares of banks, realty, and energy companies leading broad selling. The S&P/ASX 200 index declined 0.8%, or 47.87 points to finish the session at 5,757.30.

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Surya Roshni to hold EGM
Jun 20,2017

Surya Roshni announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 23 July 2017 .

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