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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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Integrated Capital Services announces board meeting
Jul 20,2017

Integrated Capital Services will hold a meeting of the Board of Directors of the Company on 20 July 2017, to amend the scheme of Merger of Deora Associates Private Limited with the Company, & to consider resignation of Mr. Sanjay Agrawal from the post of Chief Financial Officer of the Company

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Pradeep Metals to hold AGM
Jul 20,2017

Pradeep Metals announced that the 34th Annual General Meeting (AGM) of the company will be held on 21 August 2017.

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KLRF to convene board meeting
Jul 20,2017

KLRF will hold a meeting of the Board of Directors of the Company on 14 September 2017.

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Shah Foods to discuss quarterly results
Jul 20,2017

Shah Foods will hold a meeting of the Board of Directors of the Company on 8 May 2017, to approve and take on record the un-audited results with limited review certificate for the Quarter ended on 30th June 2017 as per Regulation 29 of the SEBI Listing Regulations 2015 (LODR).

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Menon Bearings drops after weak Q1 results
Jul 20,2017

The result was announced during market hours today, 20 July 2017.

Meanwhile, the S&P BSE Sensex was down 13.90 points, or 0.04% at 31,911.50. The S&P BSE Small-Cap index was up 32.95 points, or 0.21% at 16,007.52.

High volumes were witnessed on the counter. On the BSE, 81,000 shares were traded on the counter so far as against the average daily volumes of 18,831 shares in the past one quarter. The stock had hit high of Rs 99.70 and a low of Rs 87.20 so far during the day. The stock had hit a record high of Rs 102 on 6 July 2017 and a 52-week low of Rs 60 on 25 January 2017.

The stock had outperformed the market over the past one month till 19 July 2017, advancing 24.37% compared with the Sensexs 2.06% rise. The scrip had also outperformed the market over the past one quarter advancing 28.36% as against the Sensexs 8.93% rise. The scrip had also outperformed the market over the past one year advancing 21.09% as against the Sensexs 15% rise.

The small-cap company has equity capital of Rs 5.60 crore. Face value per share is Rs 1.

Menon Bearings board recommended interim dividend of Rs 0.75 per share for the financial year 2017-18.

Menon Bearings is engaged in the manufacturing of auto components.

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ABB India shines after posting good Q2 results
Jul 20,2017

The result was announced during market hours today, 20 July 2017.

Meanwhile, the S&P BSE Sensex was down 43.18 points, or 0.14% to 31,912.17.

High volumes were witnessed on the counter. On the BSE, 1.09 lakh shares were traded in ABB India counter so far, compared with average daily volumes of 28,482 shares in the past one quarter. The stock had hit a high of Rs 1,548.40 and a low of Rs 1,440 so far during the day. The stock had hit a 52-week high of Rs 1,619.45 on 10 May 2017. The stock had hit a 52-week low of Rs 950 on 9 November 2016.

The stock had underperformed the market over the past one month till 19 July 2017, falling 3.62% compared with Sensexs 2.06% rise. The scrip had also underperformed the market in past one quarter, rising 3% as against Sensexs 8.93% rise. The scrip had also underperformed the market in past one year, gaining 12.54% as against Sensexs 15% rise.

The large-cap company has equity capital of Rs 42.38 crore. Face value per share is Rs 2.

ABB Indias net profit margin rose to 3.4% in Q2 June 2017 from 2.6% in Q2 June 2016.

This was a quarter where the lag effect of demonetization and troughing corporate lending met with the anticipation of Goods and Services Tax (GST). Continued close collaboration led to deeper insights of customer operations in a dynamic environment. This ensured revenue growth. Lean management, relentless pursuit of cash over revenue, and similar initiatives as part of operationalexcellence yielded savings and superior cash position.

Orders grew 13% to Rs 2301 crore in Q2 June 2017 over Q2 June 2016 reflecting companys organic growth strategy. Large orders remained muted as decisions on government initiatives and private investments were stalled in anticipation of upcoming tax restructure.

Base orders were the key contributor with industry turning to improving operational efficiencies through technology and digital upgrades including robotics automation. ABB strengthened its own digital asset health management offering to support the transformation of the Indian industry - with the launch of its remote drives service center. Export orders continued the uptrend in the year with a focus on power networks and industrial efficiency.

ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. ABB Group holds 75% stake in ABB India as per the shareholding as on 31 March 2017.

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Volumes jump at Gulf Oil Lubricants India counter
Jul 20,2017

Gulf Oil Lubricants India clocked volume of 2.01 lakh shares by 14:20 IST on BSE, a 191.32-times surge over two-week average daily volume of 1,000 shares. The stock was up 1.6% at Rs 817.35.

Sundram Fasteners notched up volume of 10.15 lakh shares, a 106.42-fold surge over two-week average daily volume of 10,000 shares. The stock advanced 1.13% at Rs 410.60.

V-Mart Retail saw volume of 4.60 lakh shares, a 74.68-fold surge over two-week average daily volume of 6,000 shares. The stock rose 3.73% at Rs 1,180.

Gujarat Pipavav Port clocked volume of 20.40 lakh shares, a 54.54-fold surge over two-week average daily volume of 37,000 shares. The stock was up 2.9% at Rs 147.20.

Navneet Education saw volume of 2.89 lakh shares, a 33.01-fold rise over two-week average daily volume of 9,000 shares. The stock lost 0.56% at Rs 176.

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VA Tech Wabag leads losers in A group
Jul 20,2017

VA Tech Wabag slumped 7.46% to Rs 619.95 at 13:45 IST. The stock topped the losers in the BSEs A group. On the BSE, 93,000 shares were traded on the counter so far as against the average daily volumes of 14,000 shares in the past two weeks.

Videocon Industries skidded 4.97% at Rs 24.85. The stock was second biggest loser in A group. On the BSE, 1.45 lakh shares were traded on the counter so far as against the average daily volumes of 8.03 lakh shares in the past two weeks.

Canara Bank dropped 4.93% to Rs 352.70 after the banks gross and net bad loans ratio grew as on 30 June 2017, compared with the period ended 31 March 2017 and 30 June 2016. The result was announced after market hours yesterday, 19 July 2017. Canara Banks net profit rose 9.9% to Rs 251.60 crore on 4.4% growth in total income to Rs 12304.10 crore in Q1 June 2017 over Q1 June 2016.

The stock was third biggest loser in A group. On the BSE, 4.32 lakh shares were traded on the counter so far as against the average daily volumes of 3.12 lakh shares in the past two weeks.

KEC International declined 4.77% at Rs 296.50. The stock was fourth biggest loser in A group. On the BSE, 1.87 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past two weeks.

Mindtree fell 4.44% to Rs 484.25. The stock was fifth biggest loser in A group. On the BSE, 96,000 shares were traded on the counter so far as against the average daily volumes of 65,000 shares in the past two weeks.

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Bajaj Auto turns volatile after announcing Q1 results
Jul 20,2017

Meanwhile, the S&P BSE Sensex was down 18.36 points or 0.06% at 31,936.99.

On the BSE, 33,000 shares were traded on the counter so far as against the average daily volumes of 26,956 shares in the past one quarter. The stock was volatile. The stock lost as much as 0.76% at the days low of Rs 2,803.20 so far during the day. The stock rose as much as 1.07% at the days high of Rs 2,855 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016 and a 52-week low of Rs 2,510 on 15 November 2016.

The stock had underperformed the market over the past one month till 19 July 2017, sliding 0.34% compared with the Sensexs 2.06% rise. The stock had also underperformed the market over the past one quarter, advancing 0.51% as against the Sensexs 8.93% rise. The scrip had also underperformed the market over the past one year, gaining 2.71% as against the Sensexs 15% rise.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos consolidated net profit fell 19.52% to Rs 836.74 crore on 2.8% decline in total income to Rs 6177.66 crore in Q1 June 2017 over Q1 June 2016.

The entire benefit on reduction in effective tax rates post GST has been passed on to the customers. This has resulted in a reduction in ex-showroom price of motorcycles, which were dependent on the Brand-State, varying from a low of Rs 200 to a high of Rs 6,500 per motorcycle, Bajaj Auto said.

Bajaj Auto manufactures motorcycles, three-wheelers and quadricycles. The company is the worlds third largest motorcycle manufacturer and is the largest three wheeler and quadricycle manufacturer.

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Baba Arts plans for buyback of shares
Jul 20,2017

Baba Arts plans to buyback equity share of the Company. The Board of the Company will consider the proposal on 27 July 2017.

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KMG Milk Food announces change in company secretary
Jul 20,2017

KMG Milk Food announced that Anshu Gupta has resigned as Company Secretary and Compliance Officer of the Company on 30 June 2017. Shahid Saifi has been appointed as Company Secretary and Compliance Officer of the Company with effect from 01 July 2017.

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Ministry of Rural Development to launch Aajeevika Grameen Express Yojana
Jul 20,2017

The Ministry of Rural Development will launch a new sub-scheme under Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) which will be named as n++Aajeevika Grameen Express Yojana (AGEY)n++. The Minister of State for Rural Development Shri Ram Kripal Yadav said that the main objectives of AGEY are to provide an alternative source of livelihoods to members of Self Help Groups (SHGs) under DAY-NRLM by facilitating them to operate public transport services in backward rural areas. This will provide safe, affordable and community monitored rural transport services like e-rickshaws, 3 and 4 wheeler motorised transport vehicles to connect remote villages with key services and amenities including access to markets, education and health for the overall economic development of the area.

The Minister said that the sub-scheme will be implemented in 250 blocks in the country on a pilot basis for a period of 3 years from 2017-18 to 2019-20. The States have been informed about the number of blocks allocated to them to take up this sub-scheme in the pilot phases. One of the options proposed to be given under the sub-scheme is that the Community Based Organisation (CBO) will provide interest free loan from its own corpus to Self Help Group member for purchase of the vehicle.

The Government is implementing DAY-NRLM across the country in all States and Union Territories (except Delhi and Chandigarh). Under DAY-NRLM, till date, 34.4 lakh women SHGs have been promoted under the programme. The financial support under the programme is mainly in the form of Revolving Fund and Community Investment Funds, given as grants to the Self Help Groups (SHGs) and their federations. So far, the total amount released to SHGs is Rs. 1815 crore to about 3.96 lakh SHGs. A sum of Rs. 1088 crore has also been disbursed to 7.28 lakh SHGs as revolving Fund. DAY-NRLM also focuses on bank linkage of the institutions to enable their income The Cumulative Bank Credit mobilized for women SHGs and their federations since inception is to the tune of Rs 1.19 lakh crores.

The programme has a special focus on women empowerment including a dedicated component for promoting farm and non-farm based livelihoods for women farmers in rural areas. About 34 lakh women farmers have benefited under this programme. In addition, start-up enterprises at village levels are also supported to promote entrepreneurial activities in those areas. Projects have been sanctioned for setting up 79,814 enterprises in 5209 villages in 17 states in the country.

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Sanwaria Agro Oils gets assigned equity grading for equity shares
Jul 20,2017

Sanwaria Agro Oils announced that the Company has been assigned the Equity grading from CARE Ratings for equity shares as under -

Valuation Grade - 5/5
Fundamental Grade - 2/5

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Menon Bearings to pay interim dividend
Jul 20,2017

Menon Bearings announced that Interim Dividend will be credited/dispatched to the shareholders from 07 August 2017 to 11 August 2017.

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Kakatiya Cement Sugar & Industries director resigns
Jul 20,2017

Kakatiya Cement Sugar & Industries announced that C Madhusudana Rao, Director has submitted his resignation from the Board with effect from 24 July 2017.

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