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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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Precious metals lose lustre
May 10,2017

Bullion prices ended lower at Comex on Tuesday, 09 May 2017. Gold futures dropped on Tuesday to their lowest settlement since mid-March, as strength in the dollar and growing expectations for a U.S. interest-rate hike next month dulled demand for the metal.

June gold fell $11, or 0.9%, to settle at $1,216.10 an ounce, after settling with a meager gain on Monday. The settlement was the lowest in about eight weeks.

July silver lost 19.1 cents, or 1.2%, to $16.067 an ouncen++its lowest settlement of the year.

As measured by the ICE U.S. Dollar Index, the dollar was up 0.5% at 99.592. A stronger buck makes commodities priced in the currency, like gold, less attractive to buyers using weaker monetary units.

Investors have been increasingly pricing in a U.S. rate increase next month, with fed-funds futures recently showing that markets are pricing in an 88% chance of a rate increase at the Feds mid-June meeting.

On the data front, investors received March JOLTS and March Wholesale Inventories data. The March Job Openings and Labor Turnover Survey showed that job openings increased to 5.743 million from a revised 5.682 million (from 5.743 million) in February.March Wholesale Inventories increased 0.2% (consensus -0.1%). The prior months reading was revised to 0.3% from 0.4%.The market doesnt typically pay much attention to this release since the full business inventories report is usually released a short time later.

The March Job Openings and Labor Turnover Survey showed that job openings increased to 5.743 million from a revised 5.682 million (from 5.743 million) in February. March Wholesale Inventories increased 0.2% (consensus -0.1%). The prior months reading was revised to 0.3% from 0.4%. The market doesnt typically pay much attention to this release since the full business inventories report is usually released a short time later.

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Natco Pharma launches generic version of cancer drug POMALYSTn++
May 10,2017

Natco Pharma has launched a generic version of pomalidomide 1 mg, 2 mg, and 4 mg capsules in India. Pomalidomide is sold by Celgene Inc., in the USA, under the brand name POMALYSTn++.

Pomalidomide is a thalidomide analogue indicated, in combination with dexamethasone, for patients with multiple myeloma (a type of blood cancer) who have received at least two prior therapies including lenalidomide and a proteasome inhibitor and have demonstrated disease progression on or within 60 days of completion of the last therapy.

Natco will market generic pomalidomide capsules under its brand name POMALID in India. Natco priced its generic medicine of POMALID 1 mg, 2 mg, and 4 mg capsules at an MRP of Rs 5000/-, Rs 10,000/-, and Rs 20,000/- respectively for a monthly pack of 21 capsules.

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IDBI Bank slips after RBI action
May 10,2017

The announcement was made after market hours yesterday, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 239.74 points, or 0.80% to 30,172.99.

On the BSE, 3.44 lakh shares were traded in the counter so far, compared with average daily volumes of 5.53 lakh shares in the past one quarter. The stock had hit a high of Rs 80.85 and a low of Rs 79.10 so far during the day. The stock hit a 52-week high of Rs 86.50 on 6 February 2017. The stock hit a 52-week low of Rs 62.95 on 9 November 2016.

The stock had outperformed the market over the past one month till 9 May 2017, rising 9.05% compared with 1.21% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 0.85% as against Sensexs 5.81% rise.

The large-cap company has equity capital of Rs 2058.82 crore. Face value per share is Rs 10.

The Reserve Bank of India (RBI), vide their letter dated 5 May 2017, initiated prompt corrective action for IDBI Bank in view of high net non-performing assets (NPA) and negative return on assets (ROA). This action will not have any material impact on the performance of the bank and will contribute to improving the internal controls of the bank and improvement in its activities, IDBI Bank said in a statement.

IDBI Bank reported net loss of Rs 2254.96 crore in Q3 December 2017, higher than net loss of Rs 2183.68 crore in Q3 December 2016. Operating income fell 3.5% to Rs 7104.21 crore in Q3 December 2016 over Q3 December 2015.

Government of India holds 73.98% stake in IDBI Bank (as on 31 March 2017).

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Lakhotia Polyesters (India) to hold board meeting
May 10,2017

Lakhotia Polyesters (India) will hold a meeting of the Board of Directors of the Company on 20 May 2017.

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Rosekamal Textiles to hold board meeting
May 10,2017

Rosekamal Textiles will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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JJ Exporters to hold board meeting
May 10,2017

JJ Exporters will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Lypsa Gems & Jewellery to hold board meeting
May 10,2017

Lypsa Gems & Jewellery will hold a meeting of the Board of Directors of the Company on 22 May 2017.

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Jindal Stainless announces resignation of director
May 10,2017

Jindal Stainless announced that Ishani Chattopadhyay, Director has resigned from the Board with effect from 09 May 2017.

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Precision Containeurs to hold board meeting
May 10,2017

Precision Containeurs will hold a meeting of the Board of Directors of the Company on 8 May 2017.

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Bentley Commercial Enterprises to hold board meeting
May 10,2017

Bentley Commercial Enterprises will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Capricorn Systems Global Solutions to hold board meeting
May 10,2017

Capricorn Systems Global Solutions will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Dollex Industries to hold board meeting
May 10,2017

Dollex Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Bijlee Textiles to hold board meeting
May 10,2017

Bijlee Textiles will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Gujarat State Financial Corporation to hold board meeting
May 10,2017

Gujarat State Financial Corporation will hold a meeting of the Board of Directors of the Company on 26 May 2017.

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SRS Finance to hold board meeting
May 10,2017

SRS Finance will hold a meeting of the Board of Directors of the Company on 17 May 2017.

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