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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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Kitex Garments recovers after announcing further investment in US unit
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 40.39 points, or 0.13% to 29,961.57. The S&P BSE Small-Cap index was up 68.47 points, or 0.44% to 15,489.27.

On the BSE, 16,000 shares were traded in the counter so far, compared with average daily volumes of 25,848 shares in the past one quarter. The stock had hit a high of Rs 427.25 and a low of Rs 415.50 so far during the day. The stock hit a 52-week high of Rs 543.20 on 4 July 2016. The stock hit a 52-week low of Rs 354 on 22 November 2016.

The small-cap company has equity capital of Rs 4.75 crore. Face value per share is Re 1.

Kitex Garments announced that the board of directors at a meeting held on 28 April 2017 has approved further investment upto $1.5 million in the capital of Kitex USA LLC for the year ending 31 March 2018 (FY 2018).

Kitex Garments net profit declined 39.87% to Rs 27 crore on 9.14% fall in net sales to Rs 156.50 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday. On the same day, Kitex Garments board of directors approved issue of 2:5 bonus shares (2 bonus shares for every 5 held). Shares of Kitex Garments had tumbled 18.15% to settle at Rs 409.75 yesterday, 2 May 2017.

Kitex Garments is a producer of childrens apparel.

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SPARC gains as board to consider raising fund
May 03,2017

The announcement was made after market hours yesterday, 2 May 2017.

Meanwhile, the S&P BSE Sensex was up 53.28 points, or 0.18%, to 29,974.46. The S&P BSE Mid-Cap index was up 129.47 points, or 0.87%, to 14,927.92.

On the BSE, so far 8,776 shares were traded in the counter, compared with average daily volumes of 77,111 shares in the past one quarter. The stock had hit a high of Rs 326.20 and a low of Rs 322.55 so far during the day.

The mid-cap company has equity capital of Rs 24.69 crore. Face value per share is Re 1.

Sun Pharma Advanced Research Company (SPARC) said that the companys board of directors would meet on 5 May 2017 to consider raising of additional funds through issue of equity shares/ warrants convertible into equity shares of the company on preferential basis to certain promoter/ non-promoter entities.

SPARC reported net loss of Rs 66.33 crore in Q3 December 2016, higher than net loss of Rs 41.02 crore in Q3 December 2015. Net sales fell 31.3% to Rs 23.05 crore in Q3 December 2016 over Q3 December 2015.

SPARC is an international pharmaceutical company engaged in research and development of drugs and delivery systems.

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Department of Telecom (DoT) Launches Tarang Sanchar, a web Portal for Information sharing on Mobile Towers and EMF Emission Compliance
May 03,2017

The Minister of Communications Shri Manoj Sinha launched Tarang Sanchar, a web portal for Information sharing on Mobile Towers and EMF Emission Compliances and said that it will go a long way in clearing the myths and misconceptions of public on mobile towers and emissions from them. He expressed the hope that the portal will empower common man to know at the convenience of a mouse click, about towers working in a particular locality and whether they are compliant to the EMF emission norms defined by the Government.

Shri Sinha said that the portal will allow users to get a tower or base station checked for radiation emission, for a fee of Rs 4,000. He said that mobile phone today has become an essential requirement for all including the poor in the remotest corner of the country and no one will be allowed to spread misconception about the harmful radiation from the towers to impede the growth of the country. Shri Sinha reiterated that there are over 25,000 studies by WHO in the last 30 years on the subject and there is no proof that EMF radiation has any harmful effect on human health. Brushing aside growing concerns over the emanating electromagnetic frequency (EMF) radiations from mobile towers, the Telecom Minister once again reminded that Indian norms had prescribed 10 times stricter limits for radiation emission in comparison to global standards. He said that more measures are being taken to penalise the erring entities.

Shri Sinha said that to realize the Prime Ministers vision of Digital India, it is necessary to have more and more mobile towers in every nook and corner of the country and the Ministry has already approved installation of towers over government buildings, 16 places in post offices and soon a decision will be taken to install the same in Cantonment Boards, which will not only help in spreading digital connectivity, but will also solve the problem of call drops significantly. Describing the launch of the portal a historic step, the Minister said that in future it will help in identifying the blind spots and added that it is also environment friendly as no paper work is required for this. He said that it has the complete collated technical details of over 14.5 lakh base stations (BTSs) spread across the country of all technologies (2G, 3G, 4G etc.) and of all Telecom Service Providers (TSPs).

Speaking on the occasion, Secretary, DoT Shri P K Pujari said that the portal will make information available to all concerned and he underlined that the focus of the government in the last three years has been transparency, disclosures and citizen-centric measures, which are the hall marks of good governance. He said, though there is no scientific evidence of any health concerns from low power mobile BTSs, a need was felt to educate the citizens about EMF emissions from mobile towers and status of their compliances. Shri Pujari said that the portal has three elements of providing information, EMF compliance process and interface between different departments, besides ease of doing business.

In his address, the Chairman, TRAI Shri R S Sharma said that the portal will be a mile stone for transparency, fair play, citizen empowerment and will finally lead to a knowledge economy. He said that digital empowerment in India is only possible when there is adequate digital infrastructure. Shri Sharma said that mobile phone in India today is not only a talking tool, but it has become an instrument for various transactions including cashless transaction and he lauded the collaborative effort between the government and the industry for this.

Shri G K Upadhyaya, Member (Technology) said that the EMF Portal is designed to provide a public interface where an easy map-based search feature has been provided for viewing the mobile towers in vicinity of any locality. He said the that any person can request for EMF emission measurement at a location by paying a nominal fee of Rs 4000/- online. The tests will be conducted by the local Telecom Enforcement Resource and Monitoring (TERM) filed unit of DoT and the test report will be provided to the requestor. The portal also has EMF Overview and Learn Sections, which provide numerous articles, booklets and videos, to further educate the citizens about EMF and coverage of telecom services. Shri R K Misra Member (Services) in Telecom Commission in his thanks giving address said that in addition to Government to Citizen (G2C) services, portal also facilitates Government to Business (G2B) service delivery in a transparent and eco-friendly manner.

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Board of VKJ Infradevelopers approves undertaking construction of affordable housing
May 03,2017

VKJ Infradevelopers announced that the Board of Directors at its meeting held on 02 May 2017 inter alia discussed and approved the following:

1. The Board preliminary discussed the guidelines to construct the affordable housing on line of Affordable Housing Scheme launched by Prime Minster to fulfill the dream of all homeless people across the nation;

2. Authorised Directors to search the private entities interested in Partnership to construct the affordable housing as discussed above;

3. Authorised Directors to enter into new arena of business as envisaged above.

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ICICI Bank in spotlight ahead of quarterly earnings
May 03,2017

ICICI Bank will declare its Q4 March 2017 results today, 3 May 2017.

TCS said it has been selected by one of Europes largest utilities companies - Vattenfall- to provide IT services across multiple European operations including Swedan, Germany and the Netherlands. The announcement was made after market hours yesterday, 2 May 2017.

Wipro said it has unveiled its new brand identity. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipros expertise to address their business requirements and drive future opportunities in this digital era. As part of the new brand identity, Wipro unveiled a new logo. The announcement was made after market hours yesterday, 2 May 2017.

Nestle India announced the launch of exciting new range of noodles - MAGGI Masalas of India. The new range of MAGGI noodles consists of four new flavors-Amritsari Achari, Mumbaiya Chatak, Super Chennai and Bengali Jhaal. The announcement was made after market hours yesterday, 2 May 2017.

Maricos consolidated net profit rose 25.5% to Rs 170.91 crore on 1.98% rise in total income to Rs 1344.43 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 2 May 2017.

Inox Leisures consolidated net profit dropped 98.05% to Rs 0.34 crore on 14.04% rise in total income to Rs 290.81 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 2 May 2017.

Sun Pharma Advanced Research Company scheduled a board meeting on 5 May 2017 to consider fund raising through issue of equity or convertible warrants to promoters. The announcement was made after market hours yesterday, 2 May 2017.

Speciality Restaurants announced the suspension of operations of its Cafe Mezzuna restaurant located at St. Marks Road, Bengaluru with effect from 1 May 2017. The announcement was made after market hours yesterday, 2 May 2017.

Kitex Garments announced that the board of directors at a meeting held on 28 April 2017 has approved further investment upto $1.5 million in the capital of Kitex USA LLC for the year ending 31 March 2018 (FY 2018). The announcement was made after market hours yesterday, 2 May 2017.

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Godrej Properties sells over 1000 apartments since March 2017
May 03,2017

Godrej Properties announced that it has sold over 1000 apartments across three new project launches - Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida and Godrej 24 at Hinjawadi, Pune since March 2017.

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TVS Motor Company announces sales performance
May 02,2017

TVS Motor Company posted a sales growth of 8% during the month of April 2017, with total sales increasing from 227,096 units recorded in the month of April 2016 to 246,310 units in the month of April 2017.

Total two-wheeler sales increased by 8.4% from 222,350 units recorded in April 2016 to 241,007 units in April 2017. Domestic two-wheeler sales grew by 4.0% increasing from 197,692 units in April 2016 to 205,522 units in April 2017.

Scooters sales of the Company grew by 28.6% increasing from 63,341 units in April 2016 to 81,443 units in April 2017. Motorcycles sales grew by 10.4% increasing from 90,491 units in the month of April 2016 to 99,890 units in April 2017.

The Companys total exports grew by 41.9% from 28,354 units registered in the month of April 2016 to 40,221 units in April 2017. Two-wheeler exports grew by 43.9% increasing from 24,658 units in April 2016 to 35,485 units in April 2017.

Three-wheeler of the Company grew by 11.7% increasing from 4,746 units recorded in April 2016 to 5,303 units in April 2017.

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Outcome of board meeting of Omkar Speciality Chemicals
May 02,2017

The Board of Directors of Omkar Speciality Chemicals at its meeting held on 02 May 2017 transacted the following -

Adopted the order of Composite Scheme of Arrangement approved by NCLT on 13 April 2017.

To make an investment of Rs 2.23 crore by subscribing to 22,36,445 equity shares of Rs 10 each in Lasa Supergenerics in accordance with the Scheme of Arrangement.

Take on record, upon demerger, transfer of fixed assets and liabilities of the Company to Lasa Supergenerics.

Accepted the resignation of directors with effect from 02 May 2017 -Omkar Herlekar, Subhash Mali, Subhash Ghalke, Dr Suhas Rane and Vikas Gadre.

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Shoppers Stop opens Bobbi Brown store at Chennai
May 02,2017

Shoppers Stop has opened Bobbi Brown store at Express Avenue Mall, Chennai. With the opening of this store, the Company has now 8 Bobbi Brown stores under its operations.

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Chembond Chemicals completes acquisition of Chembond Solenis Water Technologies
May 02,2017

Chembond Chemicals announced that it has completed the acquisition of the equity shares of Chembond Solenis Water Technologies (CSWTL) from Solenis Netherlands B.V. Consequent to the above acquisition of shares, CSWTL has now become a Wholly Owned Subsidiary (WOS) of the Company.

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Wipro launches new brand identity
May 02,2017

Wipro unveiled its new brand identity on 02 May 2017. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipros expertise to address their business requirements and drive future opportunities in this digital era.

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Ashnoor Textile Mills announces change in company secretary
May 02,2017

Ashnoor Textile Mills announced that the Company has appointed Sanjana Tandon as Company Secretary w. e. f. 01 May 2017 in place of earlier Company Secretary. Sanjana Tandon will also act as Compliance Officer.

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Jubilant Life Sciences gets ratings assigned for commercial paper programme
May 02,2017

Jubilant Life Sciences has received credit rating of CRISIL A1+ from CRISIL for commercial paper programme of Rs 400 crore.

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Board of Navigant Corporate Advisors approves change in directorate
May 02,2017

The Board of Directors of Navigant Corporate Advisors at its meeting held on 02 May 2017 transacted the following business -

1.The Board of Director has appointed Monish Jain as an Independent Director of the Company w.e.f. 2 May 2017.

2.The Board of Directors has accepted the resignation of Pawankumar Srigopal Tibrewal from the office of Independent Directors of the company w.e.f. 2 May 2017 and placed on record sincere appreciation for invaluable Service.

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Punjab & Sind Bank provides update on its AT-1 bond issue
May 02,2017

Punjab & Sind Bank announced that issue of Basel-III compliant AT-1 Bonds aggregating up to Rs.1,000 crore was opened for bidding on Electronic Bidding Platform (EBP) of National Stock Exchange of India on 02 May 2017. The issue was fully subscribed and bids for Rs.1,000 crore with coupon of 10.90% were accepted.

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