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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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Repro India reports consolidated net profit of Rs 4.06 crore in the March 2017 quarter
May 09,2017

Net profit of Repro India reported to Rs 4.06 crore in the quarter ended March 2017 as against net loss of Rs 13.10 crore during the previous quarter ended March 2016. Sales rose 11.37% to Rs 90.21 crore in the quarter ended March 2017 as against Rs 81.00 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 5.48 crore in the year ended March 2017 as against net loss of Rs 9.55 crore during the previous year ended March 2016. Sales declined 16.90% to Rs 319.48 crore in the year ended March 2017 as against Rs 384.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales90.2181.00 11 319.48384.44 -17 OPM %12.47-9.42 -8.486.76 - PBDT10.34-9.84 LP 16.9311.04 53 PBT4.06-15.28 LP -5.48-9.85 44 NP4.06-13.10 LP -5.48-9.55 43

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Bright Brothers reports standalone net profit of Rs 0.28 crore in the March 2017 quarter
May 09,2017

Net profit of Bright Brothers reported to Rs 0.28 crore in the quarter ended March 2017 as against net loss of Rs 0.14 crore during the previous quarter ended March 2016. Sales rose 27.73% to Rs 49.33 crore in the quarter ended March 2017 as against Rs 38.62 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.12 crore in the year ended March 2017 as against net loss of Rs 5.89 crore during the previous year ended March 2016. Sales rose 19.19% to Rs 177.97 crore in the year ended March 2017 as against Rs 149.31 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales49.3338.62 28 177.97149.31 19 OPM %3.775.15 -4.333.88 - PBDT1.261.19 6 5.003.11 61 PBT0.30-0.12 LP 0.14-1.87 LP NP0.28-0.14 LP 0.12-5.89 LP

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Rajoo Engineers standalone net profit rises 433.33% in the March 2017 quarter
May 09,2017

Net profit of Rajoo Engineers rose 433.33% to Rs 2.88 crore in the quarter ended March 2017 as against Rs 0.54 crore during the previous quarter ended March 2016. Sales rose 20.66% to Rs 46.66 crore in the quarter ended March 2017 as against Rs 38.67 crore during the previous quarter ended March 2016.

For the full year,net profit rose 39.96% to Rs 6.41 crore in the year ended March 2017 as against Rs 4.58 crore during the previous year ended March 2016. Sales rose 3.61% to Rs 109.30 crore in the year ended March 2017 as against Rs 105.49 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales46.6638.67 21 109.30105.49 4 OPM %8.854.09 -9.399.41 - PBDT5.041.26 300 12.279.57 28 PBT4.510.98 360 9.747.01 39 NP2.880.54 433 6.414.58 40

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N K Industries standalone net profit declines 54.32% in the March 2017 quarter
May 09,2017

Net profit of N K Industries declined 54.32% to Rs 3.07 crore in the quarter ended March 2017 as against Rs 6.72 crore during the previous quarter ended March 2016. Sales rose 23.02% to Rs 35.06 crore in the quarter ended March 2017 as against Rs 28.50 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 6.08 crore in the year ended March 2017 as against net loss of Rs 2.43 crore during the previous year ended March 2016. Sales rose 7.81% to Rs 90.59 crore in the year ended March 2017 as against Rs 84.03 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales35.0628.50 23 90.5984.03 8 OPM %11.6433.05 -4.4511.15 - PBDT5.679.85 -42 5.8410.02 -42 PBT3.076.72 -54 -6.08-2.43 -150 NP3.076.72 -54 -6.08-2.43 -150

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Bombay Wire Ropes reports standalone nil net profit/loss in the March 2017 quarter
May 09,2017

Bombay Wire Ropes reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 0.46 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.11 crore in the year ended March 2017 as against net loss of Rs 0.59 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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NOCIL standalone net profit rises 13.00% in the March 2017 quarter
May 09,2017

Net profit of NOCIL rose 13.00% to Rs 25.46 crore in the quarter ended March 2017 as against Rs 22.53 crore during the previous quarter ended March 2016. Sales rose 7.41% to Rs 190.81 crore in the quarter ended March 2017 as against Rs 177.65 crore during the previous quarter ended March 2016.

For the full year,net profit rose 54.49% to Rs 120.10 crore in the year ended March 2017 as against Rs 77.74 crore during the previous year ended March 2016. Sales rose 3.78% to Rs 742.21 crore in the year ended March 2017 as against Rs 715.21 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales190.81177.65 7 742.21715.21 4 OPM %21.3821.11 -21.3119.31 - PBDT42.1836.23 16 165.10131.85 25 PBT38.5932.79 18 150.78118.13 28 NP25.4622.53 13 120.1077.74 54

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Total Foodgrains Production Estimates at record 273.38 mt
May 09,2017

The 3rd Advance Estimates of production of major crops for 2016-17 have been released today by the Department of Agriculture, Cooperation and Farmers Welfare. The assessment of production of different crops is based on the feedback received from States and validated with information available from other sources. As a result of very good rainfall during monsoon 2016 and various policy initiatives taken by the Government, the country has witnessed record foodgrain production in the current year. The estimated production of various crops as per the 3rd Advance Estimates for 2016-17 vis-n++-vis the comparative estimates for the years 2003-04 onwards is enclosed.

As per 3rd Advance Estimates, the estimated production of major crops during 2016-17 is as under:

n++ Foodgrains - 273.38 million tonnes (record)

n++ Rice - 109.15 million tonnes (record)

n++ Wheat - 97.44 million tonnes (record)

n++ Coarse Cereals - 44.39 million tonnes (record)

n++ Maize - 26.14 million tonnes (record)

n++ Pulses - 22.40 million tonnes (record)

n++ Gram - 9.08 million tonnes

n++ Tur - 4.60 million tonnes (record)

n++ Urad - 2.93 million tonnes (record)

n++ Oilseeds - 32.52 million tonnes

n++ Soyabean - 14.01 million tonnes

n++ Groundnut - 7.65 million tonnes

n++ Castorseed - 1.55 million tonnes

n++ Cotton - 32.58 million bales (of 170 kg each)

n++ Sugarcane - 306.03 million tonnes

As a result of very good rainfall during monsoon 2016 and various policy initiatives taken by the Government, the country has witnessed record foodgrain production in the current year. As per Third Advance Estimates for 2016-17, total Foodgrain production in the country is estimated at 273.38 million tonnes which is higher by 8.34 million tonnes (3.15%) than the previous record production of Foodgrain of 265.04 million tonnes achieved during 2013-14. The current years production is also higher by 16.37 million tonnes (6.37%) than the previous five years (2011-12 to 2015-16) average production of Foodgrains. The current years production is significantly higher by 21.81 million tonnes (8.67%) than the last years foodgrain production.

Total production of Rice is estimated at record 109.15 million tonnes which is also a new record. This years Rice production is higher by 2.50 million tonnes (2.34%) than previous record production of 106.65 million tonnes achieved during 2013-14. It is also higher by 3.73 million tonnes (3.54%) than the five years average Rice production of 105.42 million tonnes. Production of rice has increased significantly by 4.74 million tonnes (4.54%) than the production of 104.41 million tonnes during 2015-16.

Production of Wheat, estimated at 97.44 million tonnes is also a record. This years wheat production is higher by 1.66% than the previous record production of 95.85 million tonnes achieved during 2013-14. Production of Wheat during 2016-17 is also higher by 4.83 million tonnes (5.21%) than the average wheat production. The current years production is higher by 5.15 million tonnes (5.58%) as compared to Wheat production of 92.29 million tonnes achieved during 2015-16.

Production of Coarse Cereals estimated at a new record level of 44.39 million tonnes is higher than the average production by 3.04 million tonnes (7.36%). It is higher than the previous record production of 43.40 million tonnes achieved during 2010-11 by 0.99 million tonnes (2.28%). Current years production is also higher by 5.87 million tonnes (15.23%) as compared to their production of 38.52 million tonnes achieved during 2015-16.

As a result of significant increase in the area coverage and productivity of all major Pulses, total production of pulses during 2016-17 is estimated at 22.40 million tonnes which is higher by 3.15 million tonnes (16.37%) than the previous record production of 19.25 million tonnes achieved during 2013-14. Production of Pulses during 2016-17 is also higher by 4.77 million tonnes (27.03%) than their Five years average production. Current years production is higher by 6.05 million tonnes (37.03%) than the previous years production of 16.35 million tonnes.

With an increase of 7.27 million tonnes (28.80%) over the previous year, total Oilseeds production in the country is estimated at 32.52 million tonnes. The production of Oilseeds during 2016-17 is also higher by 3.27 million tonnes (11.17%) than the five years average Oilseeds production.

Production of Sugarcane is estimated at 306.03 million tonnes which is lower by 42.42 million tonnes (-12.17%) than the last years production of 348.45 million tonnes.

Despite lower area coverage during 2016-17, higher productivity of Cotton has resulted into higher production of 32.58 million bales (of 170 kg each), i.e. an increase of 8.57%, as compared to 30.01 million bales during 2015-16.

Production of Jute & Mesta estimated at 10.27 million bales (of 180 kg each) is marginally lower (-2.39%) than their production of 10.52 million bales during the last year.

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Board of Pure Giftcarat recommends final dividend
May 09,2017

Pure Giftcarat announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

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Board of LG Balakrishnan & Bros recommends final dividend
May 09,2017

LG Balakrishnan & Bros announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

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Sea TV Network CFO resigns
May 09,2017

Sea TV Network announced that Ravi Shrivastava has tendered his resignation as the CFO of the Company with effect from 08 May 2017.

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Board of Chembond Chemicals recommends final dividend
May 09,2017

Chembond Chemicals announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 1.65 per equity Share (i.e. 33%) , subject to the approval of the shareholders.

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Board of Gati recommends final dividend
May 09,2017

Gati announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Atul intimates of execution of JV agreements with Akzo Noble Chemicals International B.V.
May 09,2017

Atul announced that the joint venture agreements have been executed between Atul, its affiliates and Akzo Noble Chemicals International B.V. on 09 May 2017.

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Asias Dynamic Economies Continue to Lead Global Growth-IMF
May 09,2017

The Asia and Pacific region continues to deliver strong growth, in the face of widespread concerns about growing protectionism, a rapidly aging society, and slow productivity growth, according to the IMFs latest regional assessment, as per IMF Regional Economic Outlook for Asia and the Pacific.

The Regional Economic Outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5 percent from 5.3 percent in 2016. Growth will remain strong at 5.4 percent in 2018, as the region continues to be the leader of global growth.

The report also cites the more favorable global environment with growth accelerating in many major advanced and emerging market economiesn++notably the United States and commodity exportersn++as supporting Asias positive outlook. Risk appetite remains strong in global financial markets despite some bouts of capital flow volatility in late 2016.

n++The signs of growth in the region are encouraging so far. The policy challenge now is to strengthen and sustain this momentum,n++ said Changyong Rhee, Director of the IMFs Asia and Pacific Department.

Strong growth ahead

In China, the regions biggest and the worlds second largest economy, policy stimulus is expected to keep supporting demand. Although still robust with 2017 first quarter growth slightly stronger than expected, growth is projected to decelerate to 6.6 percent in 2017 and 6.2 in 2018.

This slowdown is predicated on a cooling housing market, partly reflecting recent tightening measures, weaker wage and consumption growth, and a stable fiscal deficit.

Japans growth forecast for 2017 has been raised to 1.2 percent with support from expansionary fiscal policy and the postponement of the consumption tax hike (from April 2017 to October 2019). The expansion would slow down to 0.6 percent in 2018 as the boost from the fiscal stimulus wears off.

The outlook for other Asian economies is also positive, but with some exceptions. Indias growth is expected to rebound to 7.2 percent in FY 2017-18 as the cash shortages accompanying the currency exchange initiative ease.

In most of the Southeast Asian economies, growth is expected to accelerate somewhat, supported by robust domestic demandn++an important driver of growth in these countries. Meanwhile, growth in Korea is projected to remain subdued at 2.7 percent this year despite the recent pick up in exports, mainly owing to weak consumption.

Uncertain outlook: downside risks

The regions outlook, however, is clouded with uncertainty. On the plus side, larger-than-expected fiscal stimulus in the United States or stronger business and consumer confidence in advanced economies could provide a further boost to Asias exports and growth. Reforms, such as productive public investment in infrastructure in ASEAN and South Asian economies, could help prolong the positive momentum.

But if the U.S. fiscal stimulus leads to higher-than-expected inflation pressures, the Federal Reserve could accelerate the pace of interest rate increases in response, leading to a stronger U.S. dollar.

A sudden tightening of global financial conditions could adversely impact Asian economies with high external financing needs and weak private sector balance sheets, including by triggering capital outflows and unwinding of productive investment projects.

Asian economies are especially vulnerable to protectionism because of their trade openness and integration to global value chains. A global shift toward inward-looking policies could suppress Asias exports and reduce foreign direct investment to Asia. Furthermore, a bumpier-than-expected transition in China or geopolitical tensions in the region could also weaken near-term growth.

Challenges to growth

Asia needs to tackle two longer-term challenges: population aging and slow productivity catch-up. According to the report, Asia is aging remarkably fast compared to the experience in Europe and the United States. As a population grows older, there will be fewer workers, and over time, a shrinking workforce and aging population can mean a rise in healthcare costs and pension expenditure.

This puts pressure on government budgets, and can translate into lower growth. The report estimates that over the next three decades, demographic trends could subtract 0.5 to 1 percentage point from average annual GDP growth in relatively old Asian economies such as China and Japan.

Slow productivity growth is another worry. The region has not been able to catch up to the high productivity levels of countries at the global technology frontier. Declines in trade and foreign direct investment could also be harmful to Asian economies given their vital roles in transmitting technology and promoting domestic competition.

Policies to reinforce growth

Given these challenges, macroeconomic policies should focus on supporting demand and structural reforms.

The report notes that monetary policy should stay accommodative in economies with economic slack and below-target inflation rates. Should inflation pressures gather pace, however, central banks should stand ready to raise policy rates.

Well-targeted structural reforms would help strengthen the regions resilience to external shocks and sustain strong and inclusive long-term growth. Considering Asias rapid aging, policies aimed at protecting the vulnerable elderly population and prolonging strong growth take on a particular urgency. These include measures that promote labor force participation of women and the elderly, as well as strengthening pension systems.

These policies should be supplemented by productivity-enhancing reforms. Priorities differ across Asias dynamic economies. Advanced Asian economies should focus on making research and development spending more effective and raising productivity in the services sector.

In emerging and developing economies, attracting foreign direct investment and expanding the economys capacity to absorb new technology and boost domestic investment is more urgent. These steps will help the region to build on and continue with the growth momentum.

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Majesco allots 45136 equity shares
May 09,2017

Majesco has allotted 45136 equity shares under ESOS.

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