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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 RBL Bank recommends final dividend
May 09,2017

RBL Bank announced that the Board of Directors of the Company at its meeting held on 2 May 2017, inter alia, have recommended the final dividend of Rs 1.8 per equity Share (i.e. 18%) , subject to the approval of the shareholders.

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Board of Jay Shree Tea & Industries recommends final dividend
May 09,2017

Jay Shree Tea & Industries announced that the Board of Directors of the Company at its meeting held on 8 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Veto Switchgears & Cables to hold EGM
May 09,2017

Veto Switchgears & Cables announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 31 May 2017 .

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Board of ASM Technologies recommends final dividend
May 09,2017

ASM Technologies 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 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Board of Jayant Agro Organics recommends final dividend
May 09,2017

Jayant Agro Organics 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 1.25 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Amalgamated Electricity Company to hold AGM
May 09,2017

Amalgamated Electricity Company announced that the 82nd Annual General Meeting (AGM) of the company will be held on 1 July 2017.

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Board of Pfizer recommends final dividend
May 09,2017

Pfizer 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 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Board of Visaka Industries recommends final dividend
May 09,2017

Visaka Industries announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Visaka Industries to hold AGM
May 09,2017

Visaka Industries announced that the 35th Annual General Meeting (AGM) of the company will be held on 20 June 2017.

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Board of Pfizer recommends special dividend
May 09,2017

Pfizer announced that the Board of Directors of the Company at its meeting held on 6 May 2017, inter alia, have recommended the special dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Lupin declines on buzz Aurangabad unit receives USFDA observations
May 09,2017

Meanwhile, the S&P BSE Sensex was up 20.64 points, or 0.07% to 29,946.79.

On the BSE, 1.66 lakh shares were traded in the counter so far, compared with average daily volumes of 82,033 shares in the past one quarter. The stock had hit a high of Rs 1,289.95 so far during the day. The stock had hit a low of Rs 1,242.50 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 1,750 on 29 July 2016.

The stock had underperformed the market over the past one month till 8 May 2017, falling 9.27% compared with 0.74% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.86% as against Sensexs 5.61% rise.

The large-cap company has equity capital of Rs 90.33 crore. Face value per share is Rs 2.

According to media reports, the US Food and Drug Administration (FDA) issued eight observations for Lupins Aurangabad unit, which was inspected between 17th and 26th April 2017.

Lupins consolidated net profit rose 20.7% to Rs 633.11 crore on 31.5% increase in net sales to Rs 4404.94 crore in Q3 December 2016 over Q3 December 2015. The company will declare Q4 results on 24 May 2017.

Lupin is a pharmaceutical company developing and delivering a wide range of branded & generic formulations, biotechnology products and APIs globally.

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Measurement of Liveability Index of cities to begin next month
May 09,2017

Ministry of Urban Development will launch measuring of Liveability Index of cities next month based on indigenously evolved Index. This was announced by Shri Rajiv Gauba, Secretary (Urban Development), while addressing a World Bank organized knowledge sharing workshop on improving accountability for local governments.

To start with, Liveability Standards of 140 cities including 53 cities with population of one million and above and Smart Cities will be assessed. The Ministry has already invited bids for selecting the agency for carrying out the assessment based on the parameters evolved by the Ministry. The Ministry of Urban Development has come out with a detailed document on n++Methodology for Collection and Computation of Liveability Standards in Citiesn++ for the benefit of States and Cities.

Cities will be assessed on 15 core parameters relating to Governance, social infrastructure pertaining to education, health and safety and security, economic aspects and physical infrastructure like housing, open spaces, land use, energy and water availability, solid waste management, pollution etc. Cities will be ranked based on Liveability Index that would cover a total of 79 aspects.

Shri Rajiv Gauba said that a sense of healthy competition is being promoted among cities and towns in the country to focus their attention on improving governance and infrastructure availability. He further said that more than providing funds to State and City Governments, Ministry of Urban Development is according priority for incentivizing implementation of reforms that have a far reaching impact on governance and service delivery.

Stressing on the need for decentralization and empowering of city governments, Shri Gauba stressed that n++Cities cant be run and managed from state capitals and secretariats. They should be made to stand on their own for improving performance, responsibility and accountabilityn++.

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Dena Bank slips after dismal Q4 earnings
May 09,2017

The result was announced during trading hours today, 9 May 2017.

Meanwhile, the S&P BSE Sensex was up 17.57 points, or 0.06% to 29,943.72.

On the BSE, 25.24 lakh shares were traded in the counter so far, compared with average daily volumes of 3.20 lakh shares in the past one quarter. The stock had hit a high of Rs 50 and a low of Rs 44.30 so far during the day. The stock hit a 52-week high of Rs 50 on 9 May 2017. The stock hit a 52-week low of Rs 28.05 on 24 May 2016.

The stock had outperformed the market over the past one month till 8 May 2017, rising 20.54% compared with 0.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.13% as against Sensexs 5.61% rise.

The mid-cap state-run bank has equity capital of Rs 787.15 crore. Face value per share is Rs 10.

Dena Banks total income fell 8.46% to Rs 2612.08 crore in Q4 March 2017 over Q4 March 2016.

The banks gross non-performing assets (NPAs) stood at Rs 12618.73 crore as on 31 March 2017 as against Rs 11301.78 crore as on 30 December 2016 and Rs 8560.49 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances stood at 16.27% as on 31 March 2017 as against 14.79% as on 31 December 2016 and 9.98% as on 31 March 2016.

The ratio of net NPAs to net advances stood at 10.66% as on 31 March 2017 as against 9.52% as on 31 December 2016 and 6.35% as on 31 March 2016.

The banks provisions and contingencies (excluding tax provisions) rose 7.89% to Rs 972.04 crore in Q4 March 2017 over Q4 March 2016.

Provision coverage ratio of the bank was at 50.56% as on 31 March 2017.

Government of India holds 68.55% stake in Dena Bank (as on 31 March 2017).

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Prakash Industries restructures term loan
May 09,2017

Prakash Industries has restructured its Corporation Bank term loan. The documentation was executed on 15 March 2017 and as such, the account is regular with the Bank.

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Blue Dart Express to pay dividend
May 09,2017

Blue Dart Express announced that dividend, if approved at the ensuing AGM, would be paid on or after 03 August 2017.

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