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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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Abbott India gains after good Q2 results
Nov 28,2016

The result was announced during trading hours today, 28 November 2016.

Meanwhile, the BSE Sensex was up 77.44 points, or 0.29%, to 26,393.78.

On BSE, so far 1,581 shares were traded in the counter, compared with average daily volume of 3,053 shares in the past one quarter. The stock hit a high of Rs 4,918.95 and a low of Rs 4,675 so far during the day. The stock hit a 52-week high of Rs 6,050 on 31 December 2015. The stock hit a 52-week low of Rs 4,360 on 13 June 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, rising 0.50% compared with the 5.73% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 0.75% as against Sensexs 5.28% decline.

The large-cap company has equity capital of Rs 21.25 crore. Face value per share is Rs 10.

Abbott India, a subsidiary of US-based Abbott Laboratories, offers medicines in multiple therapeutic categories such as womens health, gastroenterology, cardiology, metabolic disorders and primary care.

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Rajshree Sugars advances after pact to sell subsidiary
Nov 28,2016

The announcement was made after market hours on Friday, 25 November 2016.

Meanwhile, the S&P BSE Sensex was up 90.15 points or 0.34% at 26,406.49.

On BSE, so far 8,903 shares were traded in the counter as against average daily volume of 15,692 shares in the past one quarter. The stock hit a high of Rs 61.50 and a low of Rs 58.55 so far during the day. The stock had hit a 52-week high of Rs 89.75 on 16 June 2016. The stock had hit a 52-week low of Rs 19.70 on 12 February 2016. The stock had outperformed the market over the past one month till 25 November 2016, declining 5% compared with the Sensexs 6.32% fall. The scrip had also outperformed the market in past one quarter, advancing 9.93% as against the Sensexs 5.46% fall.

The small-cap company has equity capital of Rs 28.17 crore. Face value per share is Rs 10.

Rajshree Sugars & Chemicals said it has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary company Trident Sugars, having the sugar factory at Telangana. The prospective buyer is expected to close the sale transaction by 31 March 2017.

Rajshree Sugars & Chemicals reported a net profit of Rs 6.51 crore in Q2 September 2016 compared with net loss of Rs 8.03 crore in Q2 September 2015. Net sales rose 28.3% to Rs 192.22 crore in Q2 September 2016 over Q2 September 2015.

Rajshree Sugars & Chemicals has interests across integrated fields such as sugar, distillery, power and biotechnology.

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Ease of Doing Business further enhanced for Importers & Exporters by reducing/eliminating physical print-outs/paper documents for customs clearance
Nov 28,2016

The n++Ease of Doing Businessn++ will be further enhanced for the Importers and Exporters by reducing/eliminating physical printouts for customs clearance. The Central Board of Excise and Customs (CBEC) issued a Circular No. 55/2016- Customs dated 23rd November, 2016, wherein Importers and Exporters will henceforth not be required to submit paper documents such as GAR 7 forms / TR 6 Challans, Trans-shipment Permit (TP), Shipping Bill (Exchange Control copy and Export Promotion copy) & Bill of Entry (Exchange Control Copy) to Banks/ DGFT / Customs Ports etc.

As 95% of the importers are now paying duty through e-payment and these documents can be viewed on the ICEGATE e-payment Gateway, the need for print-out of GAR 7 Forms /TR6 Challans is not required. Similarly, Trans-shipment Permit information is sent electronically to the carrier, the transporter undertaking the transshipment, the custodian of the gateway port and the ICES system at the destination ICD or port, the requirement for submission of manual printouts of TP copy has been done away with.

The ICES generates documents such as the Shipping Bill and the Bill of Entry electronically. The CBEC provides copies of the digitally signed Shipping Bill to DGFT and also the data of Shipping Bill is integrated with the EDPMS (Export Data Processing and Monitoring System) of RBI. Therefore, printing of the Exchange Control copy and Export Promotion copy of the Shipping Bill for manual submission by the exporter is not required. Similarly, with the operationalisation of the IDPMS (Import Data Processing and Monitoring System) banks are not required to obtain a physical copy of Bill of Entry from the importer as an evidence of import because data can be transferred in secured manner from the system of Customs department to IDPMS. It has been, therefore, decided to discontinue the printing of Exchange control copy of Bill of Entry.

The above instructions are to be made operational from 1.12.16. All Customs Houses at Ports, Air Cargo Complex, ICDs and CFCs have been asked to issue Public Notice. The above step will help the Importers and Exporters to move towards electronic messaging and paper-free environment.

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Board of Gufic Biosciences accepts resignation of director
Nov 28,2016

Gufic Biosciences announced that the Board of Directors of the Company at its meeting held on 14 November 2016, inter alia, has accepted the resignation of Ashok M. Tarale as an Independent Director of the Company w.e.f. 14 November 2016.

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Sadbhav Engineering slips after weak Q2 results
Nov 28,2016

The result was announced during trading hours today, 28 November 2016.

Meanwhile, the BSE Sensex was up 40.32 points, or 0.15%, to 26,356.66.

On BSE, so far 20,000 shares were traded in the counter, compared with average daily volume of 20,809 shares in the past one quarter. The stock hit a high of Rs 279 and a low of Rs 261 so far during the day. The stock hit a 52-week high of Rs 369.95 on 4 December 2015. The stock hit a 52-week low of Rs 198.45 on 26 February 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, rising 0.33% compared with the 5.73% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.94% as against Sensexs 5.28% decline.

The mid-cap company has equity capital of Rs 17.16 crore. Face value per share is Re 1.

Sadbhav Engineering is a leading Infrastructure company. It currently focuses on infrastructure projects which include construction of roads & highways, bridges, irrigation supporting infrastructure and mining.

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Uniworth Securities renamed as Indoworth Holdings
Nov 28,2016

Uniworth Securities announced that the Name of the Company has been changed to Indoworth Holdings from Uniworth Securities with effect from 21 November 2016.

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Monotype India gets extension to hold AGM
Nov 28,2016

Monotype India announced that the Registrar of Companies, Mumbai, vide its letter dated 28 November 2016, has approved the Companys application regarding extension of time for holding the AGM of the Company for a further period of 1 month and to be held within 31 December 2016 for the Financial Year ended 31 March 2016.

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Bhartiya International allots equity shares
Nov 28,2016

Bhartiya International announced that the Nomination and Remuneration Committee of Board of Directors of the Company had allotted 10709 Equity Shares of Rs. 10/- each under the Employees Stock Option Plan 2013 to the employees, who had exercised the option at an exercise price of Rs. 50/- in the meeting held on 28 November 2016. These shares shall rank pari-passu with the existing equity shares of the Company.

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Panasonic Carbon India Company appoints company secretary & compliance officer
Nov 28,2016

Panasonic Carbon India Company announced that P. Maheswari, has been appointed as Company Secretary and Compliance Officer of the Company with effect from 02 November 2016.

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Alankit fixes record date for stock split
Nov 28,2016

Alankit has fixed 16 December 2016 as the Record Date for the purpose of sub-division / stock split of Rs. 2/- per share of the Company into the shares of Re. 1/- each.

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Rabi Crops Sowing Crosess 327 Lakh Hactare
Nov 28,2016

As per preliminary reports received from the States, the total area sown under Rabi crops as on 25th November, 2016 stands at 327.62 lakh hectares as compared to 313.17 lakh hectare this time in 2015.

Wheat has been sown/transplanted in 127.15 lakh hectares, rice in 6.82 lakh hectares, pulses in 95.09 lakh hectares, coarse cereals in 34.35 lakh hectares and area sown under oilseeds is 64.21 lakh hectares.

The area sown so far and that sown during last year this time is as follows:

 Lakh hectare 

CropArea sown in 2016-17Area sown in 2015-16Wheat127.15117.32Rice6.829.10Pulses95.0988.12Coarse Cereals34.3542.37Oilseeds64.2156.26Total327.62313.17

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Alankit gains after fixing record date for stock split
Nov 28,2016

The announcement was made during market hours today, 28 November 2016.

Meanwhile, the S&P BSE Sensex was down 14.09 points or 0.05% at 26,302.25.

On BSE, so far 2.07 lakh shares were traded in the counter as against average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 55 and a low of Rs 51.90 so far during the day. The stock had hit a record high of Rs 85.40 on 20 October 2016. The stock had hit a 52-week low of Rs 23.18 on 9 December 2015. The stock had underperformed the market over the past one month till 25 November 2016, declining 28.78% compared with the Sensexs 6.32% fall. The scrip had also underperformed the market in past one quarter, sliding 28.56% as against the Sensexs 5.46% fall.

The small-cap company has equity capital of Rs 14.30 crore. Face value per share is Rs 2.

Alankits net profit jumped 121.6% to Rs 1.64 crore on 594.8% growth in total income to Rs 18.62 crore in Q2 September 2016 over Q2 September 2015.

Alankit has interests in e-governance, financial services, health care & insurance broking services.

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Volumes jump at Mac Charles (India) counter
Nov 28,2016

Mac Charles (India) clocked volume of 67.51 lakh shares by 13:43 IST on BSE, a 1383.03-times surge over two-week average daily volume of 5,000 shares. The stock rose 0.94% to Rs 645.

Lux Industries notched up volume of 1.76 lakh shares, a 55.03-fold surge over two-week average daily volume of 3,000 shares. The stock rose 1.12% to Rs 764.

Uflex saw volume of 2.54 lakh shares, a 7.31-fold surge over two-week average daily volume of 35,000 shares. The stock rose 8.43% to Rs 285.

Manpasand Beverages clocked volume of 1.53 lakh shares, a 5.67-fold surge over two-week average daily volume of 27,000 shares. The stock fell 3.23% to Rs 625.05.

Shilpa Medicare saw volume of 84,000 shares, a 4.24-fold rise over two-week average daily volume of 20,000 shares. The stock rose 8.39% to Rs 675.90.

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ASSOCHAM urges Govt to ease cash limits for logistic fleet operators
Nov 28,2016

As India Inc supports Prime Minister Mr Narendra Modis battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew members including truck drivers and cleaners.

Drawing inputs from various sources, a latest ASSOCHAM study on Transport and Logistics has noted that close to 10 per cent of the en route expenses of trucks on trunk routes are accounted for by drivers and other support crew for the journeys which take 7-8 days on a single trip.

n++The entire expenses of the drivers and other crew are to be met by cash. In the wake of the demonetisation of high value notes, the fleet owners are facing problems of operations,n++ said the chamber.

While the fuel accounts for 52-66 per cent of the total trip expenses, another 25-40 per cent are to be accounted for sub heads like tolls, octroi, speedy clearance at check posts etc. n++Traditionally, all this money was required in cash. The driver also acts as a petty cashier. The note ban has come as a bottleneck to the transport business.n++

The chamber has urged the government to review the cash withdrawal limit of Rs 50,000 from the current account per week and raise to minimum Rs 4-5 lakh, which is bare minimum.

Besides, the fleet owners face other problems which need to be resolved for improving the overall efficiency of the fleet owners and ease of doing business. Faster turnaround of trucks alone in the absence of check posts may improve the operational efficiency of the road transport sector.

Presently, there are 177 inter-state check posts and 268 toll barriers on national highways. The ASSOCHAM study suggested that to promote seamless inter-state freight flows; green channel should be adopted for transit of secure/sealed containerized cargo.

About 75 per cent of trucking firms own small fleets of less than five trucks. The industry has largely been operating in an unorganised sector and has not really taken to the main stream.

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Alok Industries leads gainers in A group
Nov 28,2016

Alok Industries jumped 11.62% to Rs 2.69 at 13:25 IST. The stock topped the gainers in the BSEs A group. On BSE, so far 19.73 lakh shares were traded in the counter as against average daily volume of 31.57 lakh shares in the past two weeks.

Edelweiss Financial Services galloped 8.36% at Rs 102.45. The stock was second biggest gainer in A group. On BSE, so far 2.06 lakh shares were traded in the counter as against average daily volume of 2.11 lakh shares in the past two weeks.

Jindal Steel & Power spurted 7.29% to Rs 71.40. The stock was third biggest gainer in A group. On BSE, so far 12.70 lakh shares were traded in the counter as against average daily volume of 8.71 lakh shares in the past two weeks.

Mangalore Refinery & Petrochemicals gained 6.64% at Rs 93.90. The stock was fourth biggest gainer in A group. On BSE, so far 2.93 lakh shares were traded in the counter as against average daily volume of 79,000 shares in the past two weeks.

Amtek Auto rose 5.7% to Rs 40.80. The stock was fifth biggest gainer in A group. On BSE, so far 7.14 lakh shares were traded in the counter as against average daily volume of 5.42 lakh shares in the past two weeks.

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