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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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Vivimed Labs moves higher after reporting stellar Q4 numbers
May 29,2017

The result was announced on Saturday, 27 May 2017.

Meanwhile, the S&P BSE Sensex was up 68.81 points, or 0.22% at 31,097.02. The S&P BSE Small-Cap index was down 138.51 points, or 0.92% at 14,947.75.

High volumes were witnessed on the counter. On the BSE, 5.04 lakh shares were traded on the counter so far as against the average daily volumes of 2.74 lakh shares in the past one quarter. The stock had hit a high of Rs 127.90 and a low of Rs 114.20 so far during the day.

The stock had hit a record high of Rs 136.40 on 20 April 2017 and hit a 52-week low of Rs 68 on 9 August 2016. The stock had underperformed the market over the past one month till 26 May 2017, declining 5.97% compared with the Sensexs 2.97% rise. The scrip had also underperformed the market over the past one quarter advancing 6.78% as against the Sensexs 7.39% rise.

The small-cap company has equity capital of Rs 16.40 crore. Face value per share is Rs 2.

Vivimed Labs is a niche specialty chemicals and pharmaceuticals company.

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Modi Rubber to hold board meeting
May 29,2017

Modi Rubber will hold a meeting of the Board of Directors of the Company on 29-May-2017 to approval of Audited Financial results of the Company for the year ended on March 31st, 2017

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Board of Birla Corporation recommends final dividend
May 29,2017

Birla Corporation announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 6.5 per equity Share (i.e. 65%) , subject to the approval of the shareholders.

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Board of B&A Packaging India recommends final dividend
May 29,2017

B&A Packaging India announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of Asian Hotels (East) recommends final dividend
May 29,2017

Asian Hotels (East) announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Associated Alcohols & Breweries recommends final dividend
May 29,2017

Associated Alcohols & Breweries announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of West Coast Paper Mills recommends final dividend
May 29,2017

West Coast Paper Mills announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Board of Banaras Beads recommends final dividend
May 29,2017

Banaras Beads announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Banswara Syntex recommends final dividend
May 29,2017

Banswara Syntex announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Balkrishna Industries recommends final dividend
May 29,2017

Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 2.25 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Board of AIA Engineering recommends final dividend
May 29,2017

AIA Engineering announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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RCom nosedives on reverse turnaround in Q4
May 29,2017

The result was announced on Saturday, 27 May 2017.

Meanwhile, the S&P BSE Sensex was up 51.25 points, or 0.17% to 31,079.46. The S&P BSE Mid-Cap index was down 113.43 points, or 0.78% to 14,406.47.

Spurt in volumes was witnessed on the counter. On the BSE, 45.58 lakh shares were traded in the counter so far, compared with average daily volumes of 24.65 lakh shares in the past one quarter. The stock had hit a low of Rs 21.95 so far during the day, which is a record low for the stock. The stock had hit a high of Rs 25.65 in intraday trade.

The stock had hit a 52-week high of Rs 55.40 on 31 August 2016. The stock had underperformed the market over the past one month till 26 May 2017, sliding 24.67% compared with 2.97% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 30.08% as against Sensexs 7.39% gains.

The mid-cap company has equity capital of Rs 1244.49 crore. Face value per share is Rs 5.

Reliance Communications (RCom)s consolidated total income fell 24.34% to Rs 4524 crore in Q4 March 2017 over Q4 March 2016. Revenues in Q4 fell in line with industry trends, and led by the impact of free offers, disruptive pricing and unprecedented competitive intensity in the industry.

The proposed merger of SSTLs wireless operations with RCom, marking the 1st in-country consolidation in the Indian telecom industry, has received all approvals, and is expected to be completed in June, 2017. The merger will add highly valuable 30 MHz of 850 band spectrum in 8 key circles, and will extend validity of spectrum in these circles for an additional period of 12 years, till 2033.

The proposed transaction for sale of the tower infrastructure owned by RCom to Brookfield has received requisite approvals from Competition Commission of India (CCI). The business demerger and transfer scheme has been filed with the National Company Law Tribunal (NCLT). Shareholders approvals have been received in the NCLT convened meeting during April 2017, and lenders and other consents are expected in the next few months.

Upon completion of the Aircel merger with the company and sale of the tower business, RComs debt will stand reduced by around Rs 25000 crore. Upon completion, the company will hold highly valuable stakes of 50% in the Aircel joint venture and 49% economic upside in the towers business, providing future monetisation opportunities for significant further deleveraging.

RCom will also continue to own and operate its existing high growth and higher margin businesses in the domestic enterprise segment, data centers, optical fibre and international business in GCX.

RCom said that the telecom sector in India has been very adversely impacted during the financial year ended 31 March 2017 (FY 2017) by competitive intensity on a scale never witnessed before in the country.

For the first time in over 20 years, the telecom sector registered de-growth in revenues, leading to a reduction in the Governments share in revenues, sharp drop in operating margins, accompanied by increased interest costs arising from a staggering industry debt burden, and higher depreciation and amortisation charges as a result of higher spectrum purchase costs.

Steep declines in profitability and/or net losses have been reported for the past two quarters by all telecom operators in the country without exception, and a couple of operators have shut down their entire operations in the country, company added.

RCom is an integrated telecommunications service provider.

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Board of Vadilal Enterprises recommends final dividend
May 29,2017

Vadilal Enterprises announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.

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Board of Timken India recommends final dividend
May 29,2017

Timken India announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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State Bank of India to hold AGM
May 29,2017

State Bank of India announced that the th Annual General Meeting(AGM) of the bank on 27 June 2017.

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