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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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JSW steel gains after posting good growth in crude steel production in October
Nov 08,2016

The announcement was made during market hours today, 8 November 2016.

Meanwhile, the BSE Sensex was down 32.46 points, or 0.12%, to 27,426.53.

On BSE, so far 17,546 shares were traded in the counter as against average daily volume of 55,546 shares in the past one quarter. The stock hit a high of Rs 1,628.50 and a low of Rs 1,605 so far during the day. The stock had hit a record high of Rs 1,886.50 on 8 September 2016. The stock had hit a 52-week low of Rs 855.55 on 9 November 2015. The stock underperformed the market over the past one month till 7 November 2016, falling 9.79% compared with Sensexs 2.15% decline. The scrip also underperformed the market in past one quarter, dropping 7.89% as against Sensexs 2.21% fall.

The large-cap company has an equity capital of Rs 241.72 crore. Face value per share is Rs 10.

JSW Steel said that the production of flat rolled products rose 30% to 9.58 lakh tonnes in October 2016 over October 2015. The production of long rolled products rose 36% to 2.79 lakh tonnes in October 2016 over October 2015.

On consolidated basis, JSW Steels net profit jumped 1191.3% to Rs 726.46 crore on 22% rise in net sales to Rs 12986.63 crore in Q2 September 2016 over Q2 September 2015.

JSW Steel is an integrated steel company and a part of JSW group.

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Titagarh Wagons provides update on subsidiary
Nov 08,2016

Titagarh Wagons announced that its Italian subsidiary, Titagarh Firema has secured a new contract worth 70 million Euro for design, supply and installation new traction system and fire protection system in the existing fleet of Trenitalia. The delivery is to be completed within 55 months.

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Titagarh Wagons wins order worth Rs 75 crore from Indian Navy
Nov 08,2016

Titagarh Wagons announced that its has bagged an order for building two 1000T Oil Tankers to be delivered within 21 months from signing of contract, worth Rs 75 crore. The order has been awarded by the Indian Navy.

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Talwalkars Better Value Fitness to opens 20 gyms on a single day
Nov 08,2016

Talwalkars Better Value Fitness announced that the Company is inaugurating 20 gyms in Bengaluru on a single day. These gyms will be set up under the brand Power World Gym, a brand which the Company holds jointly with its partners in Sri Lanka. These new 20 gyms are in addition to five gyms in Bengaluru.

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Talwalkars Better Value Fitness to open 20 gyms on a single day
Nov 08,2016

Talwalkars Better Value Fitness announced that the Company is inaugurating 20 gyms in Bengaluru on a single day. These gyms will be set up under the brand Power World Gym, a brand which the Company holds jointly with its partners in Sri Lanka. These new 20 gyms are in addition to five gyms in Bengaluru.

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Celestial Biolabs to announces Q2 and HY results
Nov 08,2016

Celestial Biolabs announced that a meeting of the Board of Directors and Audit Committee of the Company is schedule to be held on 14 November 2016 to consider and take on record the Un-audited financial results of the Company for the quarter / half year ended 30 September 2016.

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Celestial Biolabs to announces Q2 and HY results
Nov 08,2016

Celestial Biolabs announced that a meeting of the Board of Directors and Audit Committee of the Company is schedule to be held on 14 November 2016 to consider and take on record the Un-audited financial results of the Company for the quarter / half year ended 30 September 2016.

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Government of India and Asian Development Bank (ADB) sign $48 Million Loan to improve Assams Power Distribution System
Nov 08,2016

The Asian Development Bank (ADB) and the Government of India signed a $48 million loan to help Assam state continue its drive to improve access to efficient and reliable power in the national capital.

This is the second tranche loan of the $300 million multi tranche financing facility for the Assam Power Sector Investment Program that was approved by the ADB Board in July 2014. The project will help Assam to enhance capacity and efficiency of its power distribution system to improve electricity service to end users. The first tranche loan of $50 million was signed in February 2015.

n++Increased access to reliable and modern power supply for remote communities can help meet growing demand. This loan will help strengthen the states distribution system, improve energy efficiency and reduce technical and commercial losses,n++ said Ms. M. Teresa Kho, Country Director of ADBs India Resident Mission, who signed the loan agreement on behalf of ADB.

n++Given that a sustainable power supply is critical for facilitating growth and creating employment opportunities, this project will help Assam attract investment and tap its economic potential, in addition to reducing power outages,n++ said Mr. Raj Kumar, Joint Secretary (Multilateral Institutions) in the Ministry of Finance, who signed the agreement for Government of India. Ms Z. Rahman Ahmed, Secretary (Power), Govt. of Assam, signed the loan agreement on behalf of the state government along with Mr. P. Gupta, MD, Assam Power Distribution Company (APDCL).

The project, which is expected to be completed by December 2019, will help APDCL add an additional substation capacity, expand and improve medium voltage network, reduce system losses by 3% and enhance energy efficiency through renovation and modernization of existing 33/11 kV substations. Part of the loan will be used to strengthen institutional capacity of APDCL through setting up independent meter testing laboratories, load dispatch centers and installing centralized uniform billing system to 1.2 million customers.

The loan of $48 million from ADBs ordinary capital resources makes up to 80% of the total project cost of almost $60 million, with the Government of Assam providing counterpart finance of $12 million. The loan has a 25-year term, including a five-year grace period with an annual interest rate determined in accordance with ADBs LIBOR-based lending facility.

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Relish Pharmaceuticals Board to consider September quarter results
Nov 08,2016

Relish Pharmaceuticals announced that the meeting of the Board of Directors of the Company will be held on 14 November 2016 inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Relish Pharmaceuticals Board to consider September quarter results
Nov 08,2016

Relish Pharmaceuticals announced that the meeting of the Board of Directors of the Company will be held on 14 November 2016 inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Board of Mesco Pharmaceuticals to consider Q2 and HY results
Nov 08,2016

Mesco Pharmaceuticals announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and take record the Un-audited Financial Results of the Company for the quarter and Half year ended 30 September 2016.

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Board of Mesco Pharmaceuticals to consider Q2 and HY results
Nov 08,2016

Mesco Pharmaceuticals announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and take record the Un-audited Financial Results of the Company for the quarter and Half year ended 30 September 2016.

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Rudraksh Cap-Tech to announce September quarter results
Nov 08,2016

Rudraksh Cap-Tech announced that the meeting of the Board of Directors of the Company will be held on 11 November 2016, inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Rudraksh Cap-Tech to announce September quarter results
Nov 08,2016

Rudraksh Cap-Tech announced that the meeting of the Board of Directors of the Company will be held on 11 November 2016, inter alia, to transact the following business:

- To consider, adopt and approve Unaudited Financial Results for the quarter ended on 30 September 2016.

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Tata Motors moves north on foreign brokerage upgrade
Nov 08,2016

Meanwhile, the S&P BSE Sensex was up 22.86 points or 0.08% at 27,481.85.

On BSE, so far 5.79 lakh shares were traded in the counter as against average daily volume of 5.90 lakh shares in the past two weeks. The stock hit a high of Rs 535.40 and a low of Rs 516.30 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 7 November 2016, sliding 10.32% compared with 2.15% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, declining 1.75% as against Sensexs 2.21% fall.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Meanwhile, Tata Motors before market hours today, 8 November 2016 in a clarification with regard to news item titled FIIs raise concerns over Tata Motors Governance said that it is not in receipt of any such letter as is referred to in the news article and hence, has no comments to offer.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015. The company will announce its Q2 results on 14 November 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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