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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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Nearly 10 lakh citizens get reward money over Rs.153.5 crore for embracing Digital Payments
Feb 21,2017

It has been 58 days since the launch of NITI Aayogs two incentive schemes - Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital payments and the public response has been quite encouraging.

The initiative to make Digital Payments a mass movement in India through the two schemes has made a headway across the country with more and more people adopting digital transactions.

According to the latest figures released by the National Payments Corporation of India (NPCI), which has been executing the schemes, nearly 10 lakh consumers and merchants have been disbursed over Rs.153.5 crore as reward money till 20th February, 2017.

Highlights:

n++ Among the 9.8 lakh winners are more than 9.2 lakh consumers and 56,000 merchants.

n++ 120 consumers have won prize money worth Rs. 1 lakh each

n++ 4,000 merchants have won Rs. 50,000 prize money each

n++ Maharashtra, Tamil Nadu, Uttar Pradesh, Andhra Pradesh and Delhi have emerged as the top five states/ Union Territory(s) with maximum number of winners

n++ Active participation was seen among females and males across regions

n++ Winners belong to diverse socio-economic backgrounds, from farmers, merchants, small entrepreneurs, professionals, housewives, students to retired persons.

n++ While majority of the winners are in the age group of 21 to 30, a significant number are also above 60 years of age.

n++ The diversity in age of winners is from 15 to 66 years, challenging the notion that the old find it difficult to embrace technology to adopt digital payments.

The winners have their own stories to tell it all as to how the switch over to digital payments has been le and how it has made the life easier for them. Sabir, a 22-year-old cab driver from Delhi won Rs. 1,00,000 under Lucky GrahakYojana for consumers. Digital payments are a blessing in disguise for him because he has to take care of his mother and differently-abled sister after the demise of his father and doesnt have time to stand in lines at the bank. Bhim Singh, a 29-year-old wheat farmer from Hissar in Haryana and winner under this initiative, now uses digital payments for buying supplies from wholesalers. Jayanthi SF, from Coimbatore in Tamil Nadu, a 29-year-old engineering student and mother to a six-year-old, is a proud winner of Rs. 1,00,000 under the scheme.

Among the merchants, Damodar Prasad Khandelwal, a 42-year-old grocery store owner from Alwar in Rajasthan, won Rs. 50,000 in the weekly prize under Digi-DhanVyaparYojana for merchants. Manju R Gowda, a 32-year-old fast-food restaurant owner in Mumbai is another winner of Rs. 50,000 under this scheme.

An analysis of the reward data also reveals winners as belonging to a wide geographical cross-section, including rural and urban areas spread across every State.

NITI Aayog has been organizing DigiDhanMelas at 110 cities across India, beginning December 25th, 2016.. It will go on every day until April 14, 2017. Till date, 59 DigiDhanMelas have been organized to take the digital payments movement to the masses across the country.

Background:

NITI Aayog launched two schemes on December 25, 2016 - Lucky GrahakYojna (LGY) for consumers and Digi-DhanVyaparYojna (DVY) for merchants to incentivize them and promote digital payments. The two schemes shall remain open till April 14, 2017. There are 15,000 daily winners qualifying for total prize money of Rs. 1.5 crore. In additional to this there are over 14,000 weekly winners qualifying for total prize money of over Rs. 8.3 crore every week.

Customers and merchants using RuPay Card, BHIM / UPI (Bharat Interface for Money / Unified Payments Interface), USSD based *99# service and Aadhaar Enabled Payment Service (AePS) are eligible for wining daily and weekly lucky draw prizes.

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Burnpur Cement to launch new product - Pozolona Portland Cement
Feb 21,2017

Burnpur Cement announced that the management has decided to launch new product PPC (Pozolona Portland Cement) cement from the patratu plant of the Company by the 3rd week of April, 2017. After the production of PPC the capacity utilization of the plant will be 100% and the turnover of the Company will increase which is a positive impact on the financial condition of the Company.

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Epsom Properties announces change in compliance officer
Feb 21,2017

Epsom Properties announced that Dr. C. Sivakumar Reddy, Managing Director of the Company, has been appointed as Compliance Officer of the Company in terms of the Listing Agreement, in place of Kandala Bhakthavatsala Reddy.

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EID Parry (India) fixes record date interim dividend
Feb 21,2017

EID Parry (India) has fixed 06 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Interim Dividend will be paid on or before 15 March 2017.

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Marksans Pharma rallies 25.86% in two sessions
Feb 21,2017

Meanwhile, the S&P BSE Sensex was down 15.97 points, or 0.06%, to 28,645.61.

High volumes were witnessed on the counter. On the BSE, 33.95 lakh shares were traded on the counter so far as against the average daily volumes of 5.02 lakh shares in the past one quarter. The stock had hit a high of Rs 52.40 and a low of Rs 49.30 so far during the day.

The stock had hit a 52-week high of Rs 58.30 on 6 October 2016 and a 52-week low of Rs 33.45 on 1 March 2016. The stock had outperformed the market over the past one month till 20 February 2017, advancing 23.92% compared with the Sensexs 6.02% rise. The scrip had also outperformed the market over the past one quarter advancing 13.92% as against the Sensexs 9.6% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Rs 1.

Shares of Marksans Pharma rallied 25.86% in two trading sessions from its close of Rs 40.60 on 17 February 2017, after the company announced during market hours yesterday, 20 February 2017 that its Goa plants inspection by UK MHRA from 14th February 2017 to 17 February 2017 was completed without any critical observations. The stock had rallied 19.95% to settle at Rs 48.70 yesterday, 20 February 2017 post announcement.

Marksans Pharmas consolidated net profit fell 37% to Rs 11.30 crore on 1% decrease in net sales to Rs 215.24 in Q3 December 2016 over Q3 December 2015.

Marksans Pharma is a global pharmaceutical company. It is engaged in research & development (R&D) and offers CRAMS (contract research and manufacturing services) to global pharmaceutical companies.

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Ramco Systems advances as US based firm deploys companys aviation suite
Feb 21,2017

The announcement was made during market hours today, 21 February 2017.

Meanwhile, the S&P BSE Sensex was down 16.02 points or 0.06% at 28,645.56.

On the BSE, 31,000 shares were traded on the counter so far as against the average daily volumes of 55,423 shares in the past one quarter. The stock had hit a high of Rs 369 and a low of Rs 341.50 so far during the day.

The stock had hit a 52-week high of Rs 814 on 3 May 2016 and a 52-week low of Rs 286 on 15 December 2016. The stock had underperformed the market over the past one month till 20 February 2017, sliding 6.61% compared with the Sensexs 6.02% rise. The scrip had also underperformed the market over the past one quarter, declining 5.19% as against the Sensexs 9.6% rise.

The small-cap company has equity capital of Rs 30.35 crore. Face value per share is Rs 10.

The United States largest independently owned and operated, membership-supported air medical service, Air Evac EMS, Inc., announced the successful implementation of Ramco Systems aviation software, Ramco Aviation V5.7, for its maintenance and engineering operations across 135 air bases.

Air Evac is a subsidiary of Air Medical Group Holdings, the worIds largest independent provider of air medical services and a Ramco Aviation customer.

Ramco Systems reported consolidated net profit of Rs 3.02 crore in Q3 December 2016, compared with net loss of Rs 1.17 crore in Q2 September 2016. Net sales declined 0.3% to Rs 112.82 crore in Q3 December 2016 over Q2 September 2016.

Ramco is a fast growing enterprise software player disrupting the market with its multi-tenanted cloud and mobilen++based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for aviation.

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Ramco Systems partners with Air Evac EMS Inc.
Feb 21,2017

The United States largest independently owned and operated, membership-supported air medical service, Air Evac EMS, Inc., announced the successful implementation of Ramco Systems aviation software, Ramco Aviation V5.7, for its maintenance andengineering operations across 135 air bases.

The upgrade also marks the migration of seven years of Air Evacs data and 120+ customized reports into a multi-organizational unit platform that integrates with in-house systems for flight tracking.

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Suraj Products announces change in directorate
Feb 21,2017

Suraj Products announced that the Board of Directors vide their meeting dated 14 February 2017 has appointed Neha Singhania, as an Independent Director of the Company with effect from 14 February 2017 in the casual vacancy caused due to resignation of S. N. Kabra.

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M&A and InvITs in Infrastructure Sector to Account 12% of Total Equity Requirement
Feb 21,2017

Infrastructure deals particularly in road sector in the form of Infrastructure Investment Trusts (InvITs) is likely to gain traction in 2017, says India Ratings and Research (Ind-Ra). The agency estimates INR0.4 trillion of funds to be raised by infrastructure sector from 25 major mergers and acquisitions (M&A) and InvITS in 2017. While this could support several cash strapped infrastructure developers, the high indebtedness and weak cash flow are likely to keep leverage at 7x-8x over FY18-FY20, marginally lower than the FY16 level of 8.5x. Ind-Ras analysis of 66 large borrowers in the infrastructure sector reflects that the deals would contribute only 12% of the total equity requirement of INR3 trillion-INR4 trillion to deleverage to a sustainable level of 4x-5x.

Road: Ind-Ra expects INR173 billion of funds to be raised by performing assets in the road sector through M&A deals and InvITs in 2017, due to monetisation of road projects (toll operate transfer) and tax efficiency. This contributes one-third of the total equity requirement to deleverage to a sustainable level. The sector is likely to benefit from the Union Budget 2017-18 budgetary allocation of INR0.9 trillion for road and highway segment, with an aim to stimulate private sector participation in the sector. This in Ind-Ras view would largely benefit the non-stressed players with a strong balance sheet. M&A activities in the stressed assets in the road sector are unlikely to witness a pick-up due to disagreements in valuations and the extent of debt hair-cuts required.

Thermal Power: Ind-Ra believes that domestic consolidation in the thermal sector will continue in 2017. The sector has been impacted by a sub-optimal plant load factor, weak cash flows and poor credit profile of distribution companies. An increase in the industrial electricity demand, an increasing pace of signing of new power purchase agreements and the successful implementation of Ujwal Discom Assurance Yojana scheme would aid the ailing sector from a further distress. A potential equity of INR60 billion is likely to be unlocked from M&A deals in the thermal power sector. This in Ind-Ras view is negligible, since it accounts a mere 4% of the total equity requirement for deleveraging corporates to a sustainable level.

Renewable Energy (Wind and Solar): Ind-Ra expects INR69 billion of equity released from the renewable energy sector to contribute one-third of the sectors total equity requirement to deleverage to a sustainable level. The Union Budget thrust on the second phase of development of 20GW solar energy and solar tariffs approaching grid parity is likely to garner investors interest in to the sector. On the contrary, deal activities will be subdued in the wind energy sector due to halving of accelerated depreciation to 40% and lapse of generation-based incentives effective 1 April 2017.

Other Infrastructure: Ind-Ra believes M&A activities and InvITs in other sectors such as transmission, airport and ports are expected to unlock equity worth INR59 billion. Ind-Ras view M&A activities in these sectors to remain subdued in 2017 as majority of the consolidation in these sectors has already been taken.

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Deccan Gold Mines allots 3.4 lakh equity shares
Feb 21,2017

Deccan Gold Mines announced that on 21 February 2017 the Company has allotted 350,000 fully paid equity shares of Re.1/- each on conversion of employee stock options under Deccan Gold Mines Limited Employee Stock Option Scheme, 2014.

Consequent to the above allotment, the paid-up equity share capital of the Company has increased from Rs.90,327,375/- consisting of 90,327,375 equity shares of Re.1/- each to Rs. 90,677,375/- consisting of 90,677,375 equity shares of Re. 1/- each.

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Nihar Info Global provides business update
Feb 21,2017

Nihar Info Global announced that the Company has started selling the products in the various states of Andra Pradesh, Telangana, Rajasthan, Gujrat through the network of Common Service Centers and Kiyossk Centres.

The Company is integrating the application for the same and would soon begin the operations by which it would be selling in about 20000 centres.

In this regards, the Company has signed an agreement with Kiyossk Solutions.

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HOV Services spurts to 52-week high
Feb 21,2017

The announcement was made before market hours today, 21 February 2017.

Meanwhile, the S&P BSE Sensex was down 41.29 points or 0.14% at 28,620.29.

On the BSE, 2.25 lakh shares were traded on the counter so far as against the average daily volumes of 65,808 shares in the past one quarter. The stock had hit a high of Rs 173 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 160 so far during the day.

The stock had hit a 52-week low of Rs 75.10 on 16 March 2016. The stock had outperformed the market over the past one month till 20 February 2017, advancing 11.28% compared with the Sensexs 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 58.34% as against the Sensexs 9.6% rise.

The small-cap company has equity capital of Rs 12.53 crore. Face value per share is Rs 10.

HOV Services net profit declined 18.7% to Rs 0.39 crore on 2.6% decline in net sales to Rs 3.36 crore in Q3 December 2016 over Q3 December 2015.

HOV Services, operates as a hybrid between investment and diversified services corporation. The company has grown over the last decade plus through series of key acquisitions.

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Siemens gains after securing order
Feb 21,2017

The announcement was made after market hours yesterday, 20 February 2017.

Meanwhile, the S&P BSE Sensex was up 20.52 points, or 0.07%, to 28,682.10.

On the BSE, 10,000 shares were traded on the counter so far as against the average daily volumes of 23,188 shares in the past one quarter. The stock had hit a high of Rs 1,237 and a low of Rs 1,228.05 so far during the day.

The stock had hit a 52-week high of Rs 1,355.40 on 25 July 2016 and a 52-week low of Rs 973.20 on 29 February 2016. The stock had underperformed the market over the past one month till 20 February 2017, advancing 5.22% compared with the Sensexs 6.02% rise. The scrip had also underperformed the market over the past one quarter advancing 8.71% as against the Sensexs 9.6% rise.

The large-cap company has equity capital of Rs 71.22 crore. Face value per share is Rs 2.

Siemens and Siemens Rail Automation Ltd. S.A.U Spain have jointly won an order worth Rs 287 crore, out of which Siemens share is Rs 146 crore. Siemens will supply state-of-the-art signaling technology for the first two metro lines of the Nagpur Metro i.e. the North-South and the East-West corridors.

The project comprises the deployment and installation of the Siemens communications-based train control (CBTC) solution Trainguard MT for 38.2 kilometers of double track with 36 stations and 2 depots, as well as onboard equipment for 23 three-cars trains.

Siemens net profit rose 43.8% to Rs 160.01 crore on 1.4% decline in net sales to Rs 2234.38 crore in Q1 December 2016 over Q1 December 2015.

Siemens focuses on the areas of electrification, automation and digitalization. As on 31 December 2016, Siemens AG held 75% stake in Siemens.

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MMTC appoints directors
Feb 21,2017

MMTC announced that the Board of Directors has approved the appointment of Dr. Jayant Dasgupta and Rajendrasinh Rattansinh Jadeja as Part Time non-official Directors- on the Board of the Company, for a period of 3 years in accordance with the Office Order dated 27 January 2017 of Department of Commerce, Ministry of Commerce & Industry.

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Simplex Papers appoints director
Feb 21,2017

Simplex Papers announced that the Board of Directors of the Company through a circular resolution on 20 February 2017 has appointed Manish Harshey as an Additional Director of the Company with effect from 20 February 2017 to hold office as an Independent Director of the Company.

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