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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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Board of Perfect-Octave Media Projects to consider September quarter results
Nov 09,2016

Perfect-Octave Media Projects announced that a meeting of Board of Directors of the Company shall be held on 14 November 2016, inter alia, to consider the following:

- To approve the unaudited financial results for the quarter ended on 30 September 2016.

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Asia Pacific Market: Stocks hammer on Trumps shock win in U.S. election
Nov 09,2016

Asia Pacific share market tumbled in rollercoaster trade on Wednesday, 09 November 2016, as investors fled risky assets as Republican Donald Trump claimed a shock victory in the U.S. presidential election. The MSCI Asia Pacific Index fell 2.7% to 134.19.

Regional stocks were initially on a firm note on growing speculation of a win for Clinton. But stocks gradually lost steam and fluctuated between gains and losses before turning sharply lower as results showing Trump taking key battleground states rolled in.

Trump, who has stoked uncertainty over his stance on foreign policy, trade and immigration, rattled world markets that had expected Democrat Hillary Clinton to defeat the political outsider. Donald Trump won 276 votes and Hillary Clinton won 218 votes. Candidates need at least 270 electoral votes to win. Trump will be the 45th President of the United States. The United States presidential elections of 2016 were held yesterday, 8 November 2016.

Markets from Japan to India fell the most since at least June 24, when Britain shocked investors by opting to leave the European Union, as investors dumped global risk securities and bought safe-haven assets including the yen and gold.

Among Asian bourses

Australia Stocks hammer

Australian share market stumbled to a four-month low, losing ~A$35 billion in value amid a global shock from US election results that have left Donald Trump poised to won the U.S. presidential election. All sectors on the ASX closed deep in the red, with the banks, health and energy sectors suffering the biggest declines. At the closing bell, the benchmark S&P/ASX 200 index tumbled 101.20 points, or 1.92%, to 5,156.60, while the broader All Ordinaries index stumbled 103.90 points, or 1.94%, to 5,238.30. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 981 to 221 and 229 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 14.69% to 21.030 a new 3-month high.

Shares of major banks and the big miners led the falls. The ANZ closed down 2% to A$26.47 and Westpac 1.95% to A$29.66. BHP fell 3.1% to close at A$22.56 and Rio Tinto 1.94% to A$53.73.

Among individual mover, Aristocrat Leisure shares fell 5.9% to A$14.30 following news poker machine maker chief executive, Jamie Odell, is stepping down next year.

Seven West Media dropped 5% to A$0.67 after the company said its full-year earnings will be close to 20% down on the year before - the lower end of its earlier guidance of 15% to 20%.

Shares in Medibank dropped 3.92% to A$2.45 after health insurance giant Medibank Private told shareholders at its annual general meeting that it faces a tough year with revenue growth in the first four months of fiscal 2017 missing its initial expectations.

Nikkei falls 5.36%

The Japan share market finished steep lower in a rollercoaster session, as Republican candidate Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor. Every industry category on the main section lost ground, led by transportation equipment, marine transportation and equipment issues. The 225-issue Nikkei stock average ended down 919.84 points, or 5.36%, to 16,251.54, its biggest one-day drop since June 24 when Britain voted to leave the European Union. The broader Topix index of all first section issues on the Tokyo Stock Exchange finished 62.33 points, or 4.57%, lower at 1,301.16.

Tokyo market started the day in the black but quickly reversed course as Trumps stronger than expected showing stung the dollar and pushed up the yen n++ a negative for Japanese shares. The yen is seen as a safe haven in times of uncertainty. But a stronger currency is bad for Japanese exporters profitability and tends to spark selling of their shares. In Tokyo the dollar slumped to 102.10 yen from above 105 yen seen earlier in the day.

Export related stocks stumbled on tracking yen ascent against US dollar. Toyota Motor Corp sagged 6.5%, Nissan Motor Corp. dropped 6%, and Honda Motor Co. tumbled 7.8%. Nikon declined 6.6% after the precision machinery manufacturer on Tuesday cut its group net profit forecast, projecting a net loss for fiscal 2016.

China Stocks slide on US election jitters

Mainland China stock market finished session lower, joining global market slide, as Republican president candidate Donald Trump was surprisingly edging ahead of Democratic candidate Hilary Clinton. But falls in China shares - typically shielded from global market volatility by strict capital controls - were more subdued, with benchmark indexes only down slightly amid data showing a recovery in producer prices. Most sectors lost ground, while material and property stocks gained, lifted by a strong rally in the shares of gold miners amid a rush to safe-haven assets. The benchmark Shanghai Composite Index declined 0.62% to close at 3,128.37 points. The CSI 300 index lost 0.54% to close at 3,353.05 points.

Shares shrank in the morning session taking their cue from the global market disarray as it became increasingly clear that Donald Trump would win the US presidential election. However, Chinas Consumer Price Index and Producer Price Index both rose last month and gave the market the tonic it needed.

The CPI, a main gauge of inflation, gained 2.1% in October from a year earlier, the National Bureau of Statistics said. The PPI, a measurement of inflation at the factory gate and an indicator of future prices at the consumer end, rose 1.2% year on year, and was 0.7% higher from September.

Coal firms led the gainers, with Shaanxi Heimao Coking Co rising 6.54% to 10.43 yuan (US$1.54) and Guizhou Panjiang Refined Coal Co climbing 4.74% to 9.50 yuan.

Chinese developer giant Vanke surged as much as 10% despite overall weakness in the market, after reports that China Evergrande Group and its allies had further boosted their combined stake in Vanke to more than 10%.

Hong Kong Stocks fall to three-month low

The Hong Kong stock market declined to lowest level in three-month, taking their cue from the global market disarray as Donald Trump claimed a sock victory in the US presidential election. The Hang Seng Index declined 2.16% or 494.28 points to 22415.19, while the Hang Seng China Enterprises Index slid 2.91% or 281.19 points to 9378.66. Turnover increased significantly to HK$104.2 billion from HK$53.8 billion on Tuesday.

The market heavyweight stocks were shocked by the US election result. HKEx (00388) sank 1% to HK$202.4. HSBC (00005) and Tencent (00700) slipped 1.9% and 1.6% to HK$58 and HK$202.4. China Mobile (00941) dipped 2.3% to HK$86.8.

Link REIT (00823) edged up 0.1% to HK$54.85, becoming the only rising blue chip. It reported that interim distributable income rose 11% to HK$2.45 billion.

Oil prices went down 3% in trade in Asia, pushing down oil majors. Sinopec (00386) and PetroChina (00857) pounded 4% to HK$5.2 and HK$5.46. CNOOC (00883) fell 3% to HK$9.53.

Gold miners stocks climbed after Gold price rose 5% in Asian hours as risk-aversion sentiment soared. Zijin Minging (02899) surged 5% to HK$2.74. Zhaojin Mining (01818) surged 8% to HK$8.74.

Sensex, Nifty tumble to 4-month low on Governments black money crackdown

Indian stock market tumbled to settle at 4-month low on governments black money crackdown and outcome of US presidential election. The barometer index, the S&P BSE Sensex, fell 338.61 points or 1.23% to settle at 27,252.53. The Nifty 50 index fell 111.55 points or 1.31% to settle at 8,432.

Banks stocks tumbled after the government yesterday, 8 November 2016, announced that it is banning use of Rs 500 and Rs 1,000 notes, in its fight against the corruption, fake currency and black money.

Drug major Lupin gained 1.45% after consolidated net profit jumped 57.75% to Rs 662.19 crore on 27.45% rise in total income to Rs 4317.62 crore in Q2 September 2016 over Q2 September 2015. Commenting on the results, Nilesh Gupta, Managing Director, Lupin said that the company continues to invest ahead of the curve be it research or manufacturing. The Q2 September 2016 profit was impacted on account of higher research spend and forex, he added. Investment in research for the quarter was 13.6% of sales at Rs 571.60 crore.

Sun Pharmaceutical Industries rose 4.86% after the companys US subsidiary Taro Pharmaceutical Industries (Taro Pharma) reported better-than-expected Q2 September 2016 results yesterday, 8 November 2016.

Hindalco Industries fell 2.86% on equity dilution concerns after the company announced that board of directors will consider raising of funds by issue of equity related instruments.

Elsewhere in the Asia Pacific region: New Zealands NZX50 slid 3.3%. Indonesias Jakarta Composite index sank 1% to 5414.32. Taiwans Taiex fell 3% to 8943.20. South Koreas KOSPI index slid 2.3% to 1958.38. Malaysias KLCI was down 1% to 1647.62. Singapores Straits Times index dropped 1.1% to 2789.88.

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Board of Rico Auto Industries approves change in registered office
Nov 09,2016

Rico Auto Industries announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, have approved the following:

- Change in Registered Office of the Company from 69 KM Stone, Delhi - Jaipur Highway, Dharuhera, District Rewari - 122106, Haryana to 38 KM Stone, Delhi - Jaipur Highway, Gurgaon - 122001, Haryana subject to the approval of Shareholders.

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Board of Jaipan Industries to approve September quarter results
Nov 09,2016

Jaipan Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unn++-Audited financial results for the Quarter ended 30 September 2016 with Limited Review Report.

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Pan India Corporation MD resigns
Nov 09,2016

Pan India Corporation announced that Ankit Rathi has resigned as Managing Director of the Company due to his personal reasons w.e.f. 08 November 2016 and will continue to act as Director of the Company.

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Board of Hemo Organic to consider September quarter results
Nov 09,2016

Hemo Organic announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider, approve & take on record the Unaudited Financial Results of the Company for the quarter ended on 30 September 2016.

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Jog Engineering to announce September quarter results
Nov 09,2016

Jog Engineering announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, for considering and taking on record the unaudited Financial Results for the quarter ended 30 September 2016.

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Vikas Granaries Board to review September quarter results
Nov 09,2016

Vikas Granaries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter ended 30 September 2016.

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Escorts launches new 80 & 90 HP tractors
Nov 09,2016

Escorts announced the launch of new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 and 90 HP category simultaneously in Italy and Mexico at EIMA, International Exposition of Machinery for Agriculture and Gardening, Bolongna and at Expo Agroalimentaria, Guanajuoto, Irapuato, respectively.

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Encash Entertainment to announces September half year results
Nov 09,2016

Encash Entertainment announced that the Meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider the following business as under:-.

- To consider Unaudited Financial Statement for half year ended 30 September 2016 along with Limited Review Report by auditor.

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Board of Cords Cable Industries approves allotment of preference shares
Nov 09,2016

Cords Cable Industries announced that the Board of Directors of the Company at their meeting held on 09 November 2016 approved issue and allotment (in one or more tranches) 1.60 lakh cumulative redeemable non-convertible preference shares of face value of Rs 10 each aggregating to Rs 1.60 crore to Naveen Sawhney.

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Outcome of board meeting of Apollo Tyres
Nov 09,2016

Apollo Tyres announced that the Board of Directors at its meeting held on 09 November 2016, inter alia, has considered and approved the following :

- Execution of Memorandum of Understanding with Government of Andhra Pradesh for land acquisition towards Companys future needs.

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Board of Satin Creditcare Network approves voluntary delisting of shares from Calcutta Stock Exchange
Nov 09,2016

Satin Creditcare Network announced that the Board of Directors in their meeting held on 09 November 2016, inter alia, has considered and approved the following matters along with the other items of agenda :

- Voluntarily delisting of shares of the Company from the Calcutta Stock Exchange.

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Government permits Rs. 500 and Rs. 1000 currency notes on highway toll plazas till midnight of 11 November 2016
Nov 09,2016

The government has permitted fee collectors at toll plazas on highways to accept currency notes of Rs. 500 and Rs. 1000 denominations till the midnight of 11 November 2016. National Highways Authority of India (NHAI) has issued instructions to all the concessionaries including BOT, OMT operators and other fee collection agencies in this regard. The orders have been issued in order to avoid difficulties that may be faced by the highway users following instructions by the Ministry of Finance yesterday that currency notes of the denominations of Rs. 500 and Rs. 1000 will no longer be legal tender from 12.00 am today.

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Hong Kong Stocks fall to three-month low
Nov 09,2016

The Hong Kong stock market declined to lowest level in three-month on Wednesday, 09 November 2016, taking their cue from the global market disarray as Donald Trump claimed a sock victory in the US presidential election. The Hang Seng Index declined 2.16% or 494.28 points to 22415.19, while the Hang Seng China Enterprises Index slid 2.91% or 281.19 points to 9378.66. Turnover increased significantly to HK$104.2 billion from HK$53.8 billion on Tuesday.

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