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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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Bharti Airtel provides update on proposed scheme of amalgamation
Nov 09,2016

Bharti Airtel announced that to with regard to the approval of the High Court Division of the Supreme Court of Bangladesh (High Court) on the Scheme of Amalgamation for the amalgamation of Airtel Bangladesh with Robi, in its order dated 21 September 2016, the High Court had inter alia directed both the Companies i.e Airtel Bangladesh and Robi to register the Scheme with Registry of Joint Stock Companies (RJSC) within four weeks from the date of order i.e 21 September 2016.

Subsequently, Robi has on 09 November 2016 received the extension from the High Court for registration of the Scheme with RJSC of four weeks from 09 November 2016.

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MSDE Announces Launch Of Pradhan Mantri Yuva Yojana To Scale Up An Ecosystem Of Entrepreneurship For Youngsters
Nov 09,2016

Marking the 2nd Foundation Day of Ministry of Skill Development and Entrepreneurship, Minister of State(I/C) for Skill Development and Entrepreneurship Shri Rajiv Pratap Rudy, launched the Pradhan Mantri YUVA Yojana, MSDEs flagship scheme on entrepreneurship education and training.

The scheme spans over five years (2016-17 to 2020-21) with a project cost of Rs. 499.94 crore, and will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3050 Institutes. It will also include easy access to information and mentor network, credit, incubator and accelerator and advocacy to create a pathway for the youth.

Shri Rudy said, with this the government has taken important strides to scale up entrepreneurship in the country. He said, Pradhan Mantri YUVA Yojana has national and international best practices of learning in entrepreneurship education.

He said, MSDEs two institutions dedicated to entrepreneur education and training - NIESBUD and IIE- have trained more than 7 lakh trainees including 2,600 persons from more than 125 countries in the field of entrepreneurial skills till date. After becoming a part of this Ministry, these two institutes are now focusing on mentorship of budding entrepreneurs across the country. We have seen success so far and we are determined to create more opportunities of employment for our youth through this initiative,n++ he further added.

The institutes under the PMs YUVA Yojana include 2200 Institutes of Higher Learning (colleges, universities, and premier institutes), 300 schools, 500 ITIs and 50 Entrepreneurship Development Centres, through Massive Open Online Courses (MOOCs).

The announcement on scheme was made at a day-long national conference of State Ministers on n++Skilling with qualityn++ which saw more than 80% of the States making their representations. The conference emphasised on the need for strengthening institutional mechanisms for skill development at the State level and bringing in a more robust framework ensuring quality output, outcome and impact on the youth of our country.

The conference explained Ministry of Skill Development and Entrepreneurships (MSDE) efforts in ensuring alignment to common norms, district level committees, best practices, special projects, disadvantage groups and a robust model for monitoring and validation and emphasised the needs for States to come forward and handhold districts in making all skill initiatives a success at the local level.

MSDE communicated that it has plans to disburse around INR 7000 crore to states to help align them with the centres skill development agenda and work in conjunction with them to ensure a robust ecosystem.

Secretary MSDE Shri Rohit Nandan, said, Skills have to maintain a certain baseline standard and we should not get caught in the numbers. Skills cannot be compromised at any cost and States should partner with the Centre to verify and grade ITIs and Training Partners so that quality and standards can be maintained. The Sector Skill Councils (SSCs) will work closely with the local authorities and industries towards job aggregation. Those who perform well will be incentivised while those who do not perform will have to exit.

The conference also saw Shri Rajiv Pratap Rudy, unveil the guidelines for State Engagement under Pradhan Mantri Kaushal Vikas Yojana 2.0 (2016-2020) in the presence of State Ministers. The guidelines provide a framework for the State Governments role and processes, the funding support and the schemes implementation and monitoring mechanism. MSDE has allocated around 3000 crore of 25% from the funds earmarked for the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to the States, to achieve its target of training 10 million people over 4 years.

MSDE also unveiled the Lab Guidelines towards standardisation of lab equipment across skill development training centres in India at the conference. These guidelines specify the number of job roles that can be done in a lab, standard lab layout, and available brands of equipment which should be used. These guidelines will pave a pathway in increasing the employability of trained candidates across States ensuring industry standards.

Emphasising on the importance of being self-sustainable, MSDE announced the institutionalisation of National Entrepreneurship awards for first generation achievers below 30 years, for the very first time. The Entrepreneurship Awards are proposed to be given on 16 January 2017. The young entrepreneur will be awarded in various sectors contributing to the economy of our country. Equal emphasis has been given to recognize the meaningful contribution of ecosystem builders in this award process. Equal focus has been given to recognize young people from socially disadvantaged groups.

n++We believe that this initiative will motivate first generation entrepreneurs to improve and excel in their entrepreneurial pursuits, and inspire those who are a part of the countrys entrepreneurship ecosystem to excel even further,n++ said Secretary Shri Rohit Nandan.

States like Madhya Pradesh, Maharashtra, Bihar, Uttar Pradesh participating in the conference lauded the Centres endeavour to bring about convergence across regions and also shared their best practices on Quality Assurance for others to follow. States stated that the quality has to be engrained into the system right at the planning level and also ensured that the skilled workforce will be used for infrastructure and other developments within the region. State Minister from Uttar Pradesh also shared how there skilled workforce is being given international exposure by sending them abroad for training courses in skills like perfumery.

The Ministry also emphasised on increasing engagement with apprentices under the n++National Apprenticeship Promotion Schemen++ under which the Government of India will share 25% of prescribed stipend subject to a maximum of Rs. 1500 per month per apprentice with the employers. In addition, Government will also support basic training, which is an essential component of apprenticeship training. It was advised that States may create a State Apprenticeship Cell and encourage engagement of apprentices to the maximum of 10% of total strength of private establishments and State Public Sectors.

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Jamna Auto Industries gets ratings for credit facilities
Nov 09,2016

Jamna Auto Industries announced that ICRA has reaffirmed the rating of the Company for Lines of Credit on the long-term scale at [ICRA] AA- (pronounced ICRA double A minus) and on short term scale at [ICRA] A1+ (pronounced ICRA A one plus). Outlook on the long-term rating is stable. ICRA has also assigned the rating for commercial paper programme of the Company at Provisional [ICRA] A1+.

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Jamna Auto Industries to pay interim dividend
Nov 09,2016

Jamna Auto Industries announced that interim dividend will be paid on or before 09 December 2016.

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Jamna Auto Industries declares interim dividend of Rs 1.50
Nov 09,2016

Jamna Auto Industries announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, has taken the following decisions:

1. Approved re-appointment of R. S. Jauhar as Executive Vice Chairman of the Company, subject to the approval of shareholders.

2. Approved setting up of a plant in Indore under a subsidiary.

3. Approved manufacturing of a new product i.e. Stablizer Bars.

4. Approved declaration of interim Dividend of Rs. 1.50 per equity shares of Rs. 5 each. Interim Dividend will be paid on or before 09 December 2016.

Further, the ICRA has reaffirmed the rating of the Company for Lines of Credit on the long-term scale at [ICRA] AA- (pronounced ICRA double A minus) and on short term scale at [ICRA] A1+ (pronounced ICRA A one plus). Outlook on the long-term rating is stable. ICRA has also assigned the rating for commercial paper programme of the Company at Provisional [ICRA] A1+.

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Outcome of Board meeting of Honeywell Automation
Nov 09,2016

Honeywell Automation India announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, has transacted the following business:

1. Noted and accepted the resignation of Norman Gilsdorf as the Director effective close of business hours of 09 November 2016

2. Noted and accepted the resignation of Sangeet Hunjan as the Company Secretary effective close of business hours of 24 November 2016. The Board will undertake the process for appointing a new Company Secretary.

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Raj Oil Mills appoints director
Nov 09,2016

Raj Oil Mills announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, have approved the appointment of lshwarlal D. Jagania as Non Executive Director with immediate effect.

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Board of Wires & Fabriks (S.A) reviews completion of expansion project
Nov 09,2016

Wires & Fabriks (S.A) announced that the board in its meeting held on 09 November 2016, have approved and taken on records the timely completion of the Expansion Project of the Company, without any significant cost escalation.

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Martin Burn announces change in directorate
Nov 09,2016

Martin Burn announced that the Board of Directors have vide circular resolution dated 08 November 2016, appointed to Manish Fatehpuria - as an Additional Director (Executive Director) w.e.f. 09 November 2016 to hold office up to the date of A.G.M. and subject to approval of shareholders and term of office, and his agreement for remuneration and other lees shall be decided by the shareholders at the ensuring Annual General Meeting of the Company.

Further, Vijay Kumar Fatehpuria has decided to leave the company and has accordingly submitted his resignation the board of director meeting held on 09 November 2016 has accepted his and consented to relieve him of his responsibilities effective close w.e.f. 09 November 2016.

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Outcome of board meeting of Chartered Logistics
Nov 09,2016

Chartered Logistics announced that the Board of Directors of the Company at its meeting held on 09 November 2016, inter alia, has decided to explore for appointment of Top Audit Firm w.e.f. 01 April 2017. During the quarter the Company had purchased 18 additional new trucks. Looking at the buoyancy of the business, the board has approved for buying up to 200 trucks in the next six months.

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Kiran Vyapar consolidated net profit rises 140.57% in the September 2016 quarter
Nov 09,2016

Net profit of Kiran Vyapar rose 140.57% to Rs 13.40 crore in the quarter ended September 2016 as against Rs 5.57 crore during the previous quarter ended September 2015. Sales rose 246.35% to Rs 35.12 crore in the quarter ended September 2016 as against Rs 10.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales35.1210.14 246 OPM %44.1380.77 - PBDT15.047.91 90 PBT14.567.47 95 NP13.405.57 141

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Mold-Tek Technologies consolidated net profit declines 62.56% in the September 2016 quarter
Nov 09,2016

Net profit of Mold-Tek Technologies declined 62.56% to Rs 0.76 crore in the quarter ended September 2016 as against Rs 2.03 crore during the previous quarter ended September 2015. Sales rose 0.41% to Rs 14.79 crore in the quarter ended September 2016 as against Rs 14.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.7914.73 0 OPM %11.5620.50 - PBDT1.663.42 -51 PBT1.022.86 -64 NP0.762.03 -63

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ITD Cementation India consolidated net profit rises 65.54% in the September 2016 quarter
Nov 09,2016

Net profit of ITD Cementation India rose 65.54% to Rs 6.87 crore in the quarter ended September 2016 as against Rs 4.15 crore during the previous quarter ended September 2015. Sales declined 29.80% to Rs 482.37 crore in the quarter ended September 2016 as against Rs 687.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales482.37687.18 -30 OPM %9.556.24 - PBDT23.4812.80 83 PBT12.474.92 153 NP6.874.15 66

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Archies reports standalone net loss of Rs 1.14 crore in the September 2016 quarter
Nov 09,2016

Net loss of Archies reported to Rs 1.14 crore in the quarter ended September 2016 as against net profit of Rs 1.43 crore during the previous quarter ended September 2015. Sales declined 8.16% to Rs 46.62 crore in the quarter ended September 2016 as against Rs 50.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.6250.76 -8 OPM %-0.196.56 - PBDT-0.393.33 PL PBT-1.722.21 PL NP-1.141.43 PL

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AVI Polymers reports standalone nil net profit/loss in the September 2016 quarter
Nov 09,2016

AVI Polymers reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 78.26% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.200.92 -78 OPM %02.17 - PBDT00.02 -100 PBT00.02 -100 NP00.02 -100

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