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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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Thomas Cook (India) partners with Mastercard
Dec 14,2016

Thomas Cook (India) has partnered with Mastercard to launch Thanks Againn++ the leading global loyalty and consumer engagement platform to the India market. This is a pioneering initiative, making Thomas Cook Indias One Currency and Borderless the first prepaid travel cards to offer a loyalty programme to its customers in India.

Thanks Again makes travel even more rewarding for Thomas Cook Indias travel prepaid card holders by enabling them to automatically earn points when they shop, dine or park in and around more than 100 airports in North America that comprise the Thanks Again Airport Loyalty Coalition.

The loyalty points can be redeemed for JPMiles with Jet AirwaysJetPrivilege which can then be used to award flights or for Taj InnerCircle hotel points with The Taj Group. Customers also enjoy the flexibility of redeeming earned points for valuable travel rewards and perks seamlesslyvia the Thanks Again mobile app.

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Board of Prime Capital Market approves shifting of registered office
Dec 14,2016

The Board of Directors of Prime Capital Market at its meeting held on 14 December 2016 approved the shifting of registered office of the Company from Bhubaneswar (Orissa) to Kolkata (West Bengal).

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South Indian Bank gains after board plans to consider rights issue
Dec 14,2016

The announcement was made during market hours today, 14 December 2016.

Meanwhile, the BSE Sensex was down 44.52 points, or 0.17%, to 26,653.30.

On the BSE, 6.29 lakh shares were traded in the counter so far as against average daily volume of 7.39 lakh shares in the past one quarter. The stock hit high of Rs 22.50 and low of Rs 21.80 so far during the day. The stock had hit a 52-week high of Rs 25.55 on 7 October 2016. The stock had hit a 52-week low of Rs 16.40 on 29 February 2016.

The stock had underperformed the market over the past one month till 13 December 2016, falling 6% compared with 0.45% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 4.57% as against Sensexs 5.84% decline.

The mid-cap bank has equity capital of Rs 135.17 crore. Face value per share is Re 1.

South Indian Banks net profit rose 18.4% to Rs 110.52 crore on 4.6% growth in total income to Rs 1596.08 crore in Q2 September 2016 over Q2 September 2015.

South Indian Bank is a private sector bank in India.

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Board of Max India approves change in directorate
Dec 14,2016

Max India announced that the Board of Directors of the Company on 14 December 2016 took note of the resignation of Sanjeev Mehra from the Board of Directors of the Company effective 08 December 2016. Simultaneously, the position held by Lavanya Ashok as Alternate Director to Sanjeev Mehra on the Board of the Company stands vacated.

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Board of South Indian Bank to consider rights issue
Dec 14,2016

South Indian Bank announced that a meeting of the board of directors of the Bank will be held on 21 December 2016, inter alia, to consider a proposal to augment the paid-up capital by issue of equity shares on rights basis.

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Bajaj Electricals rises after entering into strategic alliance with UK-based firm
Dec 14,2016

The announcement was made after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 45.30 points, or 0.17%, to 26,652.52.

On the BSE, so far 8,998 shares were traded in the counter, compared with average daily volumes of 33,061 shares in the past one quarter. The stock had hit a high of Rs 225 and a low of Rs 220 so far during the day.

The stock hit a 52-week high of Rs 280 on 10 August 2016. The stock hit a 52-week low of Rs 155.35 on 29 February 2016. The stock had underperformed the market over the past 30 days till 13 December 2016, sliding 2.16% compared with the 0.45% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 18.79% as against Sensexs 5.90% decline.

The small-cap company has equity capital of Rs 20.24 crore. Face value per share is Rs 2.

Bajaj Electricals has entered into a strategic alliance with UK-based firm Gooee to take the next step in its journey towards digitization and in creating innovative lighting products and solutions on IoT (Internet of Things) platform. Under this arrangement, Gooee will be the first full stack operating platform providing Bajaj Electricals a service driven framework to deliver IoT applications to their discerning customers. IoT refers to the connection of devices other than computers and smartphones to the internet.

Bajaj Electricals net profit dropped 10.8% to Rs 16.66 crore on 10.4% fall in net sales to Rs 991.56 crore in Q2 September 2016 over Q2 September 2015.

Bajaj Electricals has a diversified business viz - consumer products (appliances, fans, lighting), exports, luminaires and EPC (illumination, transmission towers and power distribution).

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NTPC nudges higher after announcing fund raising plans
Dec 14,2016

The announcement was made after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 63.99 points, or 0.24%, to 26,633.83.

On the BSE, 15,308 shares were traded in the counter so far, compared with average daily volume of 3.02 lakh shares in the past one quarter. The stock had hit a high of Rs 166.40 and a low of Rs 164.45 so far during the day. The stock had hit a 52-week high of Rs 169.95 on 19 August 2016. The stock had hit a 52-week low of Rs 116.80 on 25 February 2016.

The stock had outperformed the market over the past 30 days till 13 December 2016, rising 8.45% compared with 0.45% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 7.71% as against Sensexs 5.84% decline.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC announced that it has decided to raise Rs 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% per annum with a door to door maturity of 15 years today, 14 December 2016.

The proceeds will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects and other general corporate requirements.

NTPCs net profit declined 17.9% to Rs 2495.97 crore on 8.4% rise in net sales to Rs 19241.47 crore in Q2 September 2016 over Q2 September 2015.

NTPC, Indias largest power company, has presence in the entire value chain of power generation business. The government of India holds 69.75% stake in the company as per the shareholding pattern as at 30 September 2016.

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Larsen & Toubro Infotech partners with Nutanix
Dec 14,2016

Larsen & Toubro Infotech announced its partnership with Nutanix, a leader in enterprise cloud computing headquartered in San Jose, CA. This partnership will enable enterprises to simplify and fast track cloud adoption by leveraging LTIs ecosystem of solution and Nutanix Enterprise Cloud Platform with simplicity and lower Total Cost of Ownership (TCO).

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Wockhardt gains as Daman plant gets GMP certificate from UK MHRA
Dec 14,2016

The announcement was made after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 54.22 points, or 0.20%, to 26,643.60.

On the BSE, so far 1.18 lakh shares were traded in the counter, compared with average daily volumes of 2.85 lakh shares in the past one quarter. The stock had hit a high of Rs 719 and a low of Rs 705.10 so far during the day.

The stock hit a 52-week high of Rs 1,654 on 18 December 2015. The stock hit a 52-week low of Rs 659 on 23 November 2016. The stock had underperformed the market over the past 30 days till 13 December 2016, falling 11.91% compared with the 0.45% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 17.05% as against Sensexs 5.90% decline.

The mid-cap company has equity capital of Rs 55.27 crore. Face value per share is Rs 5.

Wockhardt announced that UK MHRA (The Medicines and Healthcare products Regulatory Agency) has confirmed that the companys manufacturing unit at Kadaiya, Daman complies with the principles and guidelines of Good Manufacturing Practices. In view of this, the approval status of the unit continues.

Wockhardts consolidated net profit fell 81.59% to Rs 17.02 crore on 10.05% decline in total income to Rs 1084.59 crore in Q2 September 2016 over Q2 September 2015.

Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.

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Reliance Industries provides update on Breakthrough Energy Coalition
Dec 14,2016

Reliance Industries announced that the Breakthrough Energy Coalition (BEC) is launching a new fund. The members of BEC have committed to invest more than $1 billion in Breakthrough Energy Ventures (BEV), an investor-led fund that will finance emerging energy breakthroughs to deliver affordable and reliable energy with the goal of reducing global greenhouse gas emissions to near-zero.

The Breakthrough Energy Coalition (BEC) is an influential group of investors and institutions that is committed to investing in technology that can help solve the urgent energy and climate challenges facing the planet. The Board of Director of BEC comprise of Bill Gates, Mukesh Ambani, Jack Ma, John Doerr, Vinod Khosla, John Arnold and Hasso Plattner.

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Board of MFL India accepts resignation of director
Dec 14,2016

MFL India announced that the Board of Directors of the company at its meeting held on 13 December 2016 transacted the following -

Accepted resignation of Sanjay Baldev Paul as Director of the Company.

Appointment of Saurabh Maheshwari as Company Secretary of the Company is not approved and on hold till next board meeting.

Resignation of Swati Jain as Company Secretary is not approved and on hold till next board meeting.

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Amtek Auto slides after reporting dismal Q2 numbers
Dec 14,2016

The result was announced after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 44.52 points, or 0.17%, to 26,653.30.

On the BSE, 1.27 lakh shares were traded in the counter so far, compared with average daily volume of 5.89 lakh shares in the past one quarter. The stock had hit a high of Rs 36.70 and a low of Rs 35.50 so far during the day. The stock had hit a 52-week high of Rs 56.20 on 26 July 2016. The stock had hit a 52-week low of Rs 26.05 on 12 February 2016.

The stock had outperformed the market over the past 30 days till 13 December 2016, falling 0.26% compared with 0.45% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 14.63% as against Sensexs 5.84% decline.

The small-cap company has equity capital of Rs 44.95 crore. Face value per share is Rs 2.

Amtek Autos total income fell 40.16% to Rs 498.92 crore in Q2 September 2016 over Q2 September 2015.

Amtek Auto is one of the largest integrated component manufacturers in India with a strong global presence. It has also become one of the worlds largest global forging and integrated machining companies.

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Board of Thomas Cook (India) approves private placement of NCDs up to Rs 300 cr
Dec 14,2016

Thomas Cook (India) announced that the Board of Directors of the Company at its Meeting held on 13 December 2016 has, inter alia, considered and approved to offer, invite, subscribe, secured or unsecured, redeemable Non Convertible Debenture upto Rs. 300 crore, on private placement basis subject to the approval of the members through postal ballot.

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Board of Sharanam Infraproject & Trading to consider resignation of company secretary
Dec 14,2016

Sharanam Infraproject & Trading announced that the meeting of the Board of Directors of the Company will be held on 20 December 2016, inter alia, to transact the following business:

- To accept resignation of Dhanesh Shah from the post of Company Secretary cum Compliance officer of the Company.

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Semtech Corporation and Tata Communications set to launch first applications center for LoRan++ Technology
Dec 14,2016

Semtech Corporation and Tata Communications are set to launch the first applications center dedicated to LoRan++ Technology in Mumbai, India. The center allows enterprise customers and Internet of Things (IoT) solution providers to deploy and test their applications over a LoRaWANn++-based low power, wide area network (LPWAN).

Following successful LoRaWAN network trials in Mumbai, Delhi and Bengaluru, Tata Communications and Semtech have worked together to deploy 35 IoT proofs-of-concept (PoCs) based on LoRa Technologyacross these cities. The PoCs cover a wide array of applications, including sensors for remotely monitoring air conditioners and safety deposit boxes, energy management systems used to optimize the use ofelectricity, gas and water, and multiple smart buildings and smart city applications.

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