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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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GVK Power & Infra tumbles after rise in net loss in Q4
May 25,2017

The result was announced after market hours yesterday, 24 May 2017.

The stock has slumped 17.4% in seven sessions to its ruling price of Rs 5.22 from a close of Rs 6.32 on 16 May 2017.

Meanwhile, the S&P Sensex was up 170.12 points, or 0.56% at 30,471.76. The S&P BSE Small-Cap index was up 138.24 points or 0.95% at 14,694.81.

On the BSE, 3.94 lakh shares were traded on the counter so far as against the average daily volumes of 6.63 lakh shares in the past two weeks. The stock had hit a high of Rs 5.42 and a low of Rs 5.05 so far during the day.

The stock had hit a 52-week high of Rs 7.70 on 14 February 2017 and a record low of Rs 4.13 on 6 June 2016. The stock had underperformed the market over the past one month till 24 May 2017, falling 13.53% compared with 2.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 14.06% as against Sensexs 4.88% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power & Infrastructures total income rose 49.85% to Rs 25.85 crore in Q4 March 2017 over Q4 March 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.

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Rishiroop announces resignation of director
May 25,2017

Rishiroop announced that Nakul Kumar, Independent Director has resigned from the post of Director of the Company on 24 May 2017.

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TVS Srichakra drops after poor Q4 earnings
May 25,2017

The result was announced after market hours yesterday, 24 May 2017.

Meanwhile, the S&P BSE Sensex was up 146.57 points, or 0.48% at 30,448.21. The S&P BSE Small-Cap index was up 131.26 points, 0.9% at 14,687.83.

On the BSE, 722 shares were traded on the counter so far as against the average daily volumes of 3,280 shares in the past one quarter. The stock had hit a high of Rs 3,820 and a low of Rs 3,622 so far during the day.

The stock had hit a record high of Rs 4,304.05 on 2 May 2017 and hit a 52-week low of Rs 2,228.65 on 24 June 2016. The stock had underperformed the market over the past one month till 24 May 2017, sliding 1.52% compared with the Sensexs 2.18% rise. The scrip had, however, outperformed the market over the past one quarter advancing 27.35% as against the Sensexs 4.88% rise.

The small-cap company has equity capital of Rs 7.66 crore. Face value per share is Rs 10.

TVS Srichakras board recommended a dividend of Rs 50.70 per share for the year ended March 2017.

TVS Srichakra is engaged in the manufacture of two and three-wheeler tyres. The company manufactures pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.

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Suven Life Sciences 4th compound moves into clinical trials
May 25,2017

Suven Life Sciences announced that their NCESUVN-911, a potent, selective, brain penetrant and orally active, novel chemical entityintended for the treatment of major depressive disorder (MDD) has initiated Phase 1 development and first dosing under US IND 133850 and the topline results from the study is expected during the quarter Jan-March 2018.

Suven has 4 clinical stage compounds, a Phase 2 undergoingSUVN-502, Phase 2 ready SUVN-G3031 and Phase 1 completed SUVN-D4010 for Alzheimers disease and Schizophrenia. SUVN-911 is the 4th developmental molecule from Suvens drug discovery pipeline withproprietary intellectual property (Patents) and US IND. In addition to these clinical compounds the Company has nine (9) internally-discovered therapeutic drug candidates currently in various stages of pre-clinical development targeting conditions such as ADHD, dementia, depression, Huntingtons disease, Parkinsons disease and pain.

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Whirlpool of India announces change in directorate
May 25,2017

Whirlpool of India announced that the Board of Directors of the Company at its meeting held on 25 May 2017 by circular resolution have taken note of Arvind Uppals decision to step down from employment of the Company with effect from 01 January 2018. He will however continue to be the Chairman and Non Executive Director thereafter.

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Cabinet approves MoU between Spain and India on cooperation in the field of Organ Transplant Services
May 25,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between the National Transplant Organization, Ministry of Health, Social Services and Equality, Spain and the Directorate General of Health Services, Ministry of Health and Family Welfare, India on cooperation in the field of

The MoU would facilitate bilateral cooperation in the field of organ and tissue procurement and transplantation and better understanding between the two countries. The knowledge gained will help in improving the services rendered to the patients suffering from end stage organ failure.

The Memorandum of Understanding is proposed to be signed during the forthcoming bilateral meeting with the Spanish side.

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Dish TV nosedives after reverse turnaround in Q4
May 25,2017

The result was announced after market hours yesterday, 24 May 2017.

Meanwhile, the S&P BSE Sensex was up 127.60 points or 0.42% at 30,429.24. The S&P BSE Mid-Cap index was up 60.42 points or 0.43% at 14,098.12.

On the BSE, 6.84 lakh shares were traded on the counter so far as against the average daily volumes of 7.82 lakh shares in the past one quarter. The stock had hit a high of Rs 87.50 and a low of Rs 81.30 so far during the day.

The stock had hit a 52-week high of Rs 110.95 on 28 March 2017 and a 52-week low of Rs 76.90 on 9 November 2016. It had underperformed the market over the past one month till 24 May 2017, sliding 1.82% compared with the Sensexs 2.18% rise. The scrip had also underperformed the market over the past one quarter, declining 1.76% as against the Sensexs 4.88% rise.

The mid-cap company has equity capital of Rs 106.60. Face value per share is Rs 1.

Dish TV Indias consolidated net sales declined 11.4% to Rs 708.57 crore in Q4 March 2017 over Q4 March 2016.

Dish TV is a leading direct-to-home (DTH) company and part of one of Indias biggest media conglomerate - the Zee Group.

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Board of Kalpataru Power Transmission approves issue of NCDs aggregating Rs 100 crore
May 25,2017

Kalpataru Power Transmission announced that the Executive Committee of Board of Directors of the Company at its meeting held on 24 May 2017 has approved issuance of Listed Rated Unsecured Redeemable Taxable Non-Convertible Debentures of Rs. 100 crore on private placement basis.

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Garware Wall Ropes climbs up after decent Q4 results
May 25,2017

The result was announced after market hours yesterday, 24 May 2017.

Meanwhile, the S&P BSE Sensex was up 139.79 points, or 0.46%, to 30,441.43. The S&P BSE Small-Cap index was up 91.58 points, or 0.63%, to 14,648.15.

On the BSE, 220 shares were traded in the counter so far, compared with average daily volume of 4,353 shares in the past one quarter. The stock had hit a high of Rs 786.80 and a low of Rs 775 so far during the day. The stock had hit a record high of Rs 849.95 on 2 May 2017. The stock had hit a 52-week low of Rs 330.80 on 24 May 2016.

The stock had outperformed the market over the past 30 days till 24 May 2017, rising 2.97% compared with 2.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 15.22% as against Sensexs 4.88% rise.

The small-cap company has an equity capital of Rs 21.88 crore. Face value per share is Rs 10.

Garware Wall Ropes earning per share rose 13.6% to Rs 8.97 per share in Q4 March 2017 over Q4 March 2016.

Garware Wall Ropes said that the board of directors of the company recommended a dividend of Rs 3.50 per share for the year ended 31 March 2017 (FY 2017). In addition, the board recommended a one-time special dividend of Rs 1.50 per share to commemorate completion of 40 years of the company.

Commenting on the performance, Vayu Garware, CMD of the company said that rise in revenues in Q4 was driven by good growths in international markets. Inspite of an increase in commodity prices, profit growth has been driven by increased sales of differentiated products coupled with productivity improvements. The focus on innovation, expansion and operational excellence will continue aiding growth in the coming year, he added.

Garware-Wall Ropes is a leading player in technical textiles, specializing in providing customized solutions to the cordage and infrastructure industry worldwide. The company is known for its innovation in the field of fisheries, aquaculture, shipping, sports, agriculture, coated fabrics and geo-synthetics.

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Board of Nagreeka Capital & Infrastructure does not recommend dividend
May 25,2017

The Board of Directors of Nagreeka Capital & Infrastructure have not recommended any dividend for the year ended 31 March 2017.

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Board of Gujarat Toolroom approves change in Managing Director
May 25,2017

The Board of Directors of Gujarat Toolroom has approved resignation of Suryakant H. Parikh (DIN: 00038136) from the post of Managing Director and Directorship of the Company. The Board has appointed Vishal M. Shah as Managing Director of the Company for Five (5) years w.e.f. 24 May 2017.

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Cabinet approves Joint Declaration of Intent between Germany and India regarding cooperation in the sector of alternative medicine
May 25,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Joint Declaration of Intent (JDI) between Germany and India regarding cooperation in the sector of alternative medicine.

The signing of the JDl will enhance bilateral cooperation between the two countries in the areas of traditional/alternative medicine. Initiation of collaborative research, training and scientific capacity building in the field of alternative medicine under the JDI between the two countries would contribute to the enhanced employment opportunities in the AYUSH sector.

There are no additional financial implications involved. The financial resources necessary to conduct research, training courses, conferences / meetings will be met from the existing allocated budget and existing plan schemes of Ministry of AYUSH.

Background:

India is blessed with well-developed systems of traditional medicine which hold tremendous potential in the global health scenario. Germany has considerable interest in Traditional Systems of Medicine. The Ministry of AYUSH as a part of its mandate to propagate Indian systems of Medicine globally has taken effective steps by entering into MoU with China, Malaysia, Trinidad & Tobago Hungary, Bangladesh, Nepal, Mauritius, Mongolia and Myanmar.

The Ministry has taken many initiatives for promotion of Ayurveda in Germany with the recommendation and cooperation of the Indian Embassy in Berlin. One of the major initiatives is the collaborative research Project between the Central Council for Research in Ayurvedic Sciences (CCRAS) and Charite University, Berlin on Osteoarthritis of the knee. The results of the trial are encouraging and the clinical trial demonstrates significant improvement in patients. The study has been completed successfully and is under publication.

A delegation led by Shri Shripad Yesso Naik, Honble Minister of State, (Independent Charge). Ministry of AYUSH had visited Germany from 15-19 October 2016 to participate in the 2nd European World Ayurveda Congress (EWAC) and have interactions with the authorities in Germany. The Congress was supported by the Ministry of AYUSH. During the visit a bilateral meeting was held between Honble MoS(IC), AYUSH with the Parliamentary State Secretary Ms. Ingrid Fischbach during which both sides had unanimously agreed to begin the process of drafting and negotiating a JDl in the field of AYUSH and Natural medicine. It is expected that the JDI would give a boost to India-Germany ties and enhance cooperation between the two countries.

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Videocon shares tumble 47.7% in four sessions
May 25,2017

Meanwhile, the S&P BSE Sensex was up 107.92 points or 0.36% at 30,409.56. The S&P BSE Small-Cap index was up 86.06 points or 0.59% at 14,642.63.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 32,793 shares in the past one quarter. The stock opened with a downward gap and remained locked at 10% lower circuit level at Rs 52.55 so far during the day, which is a 52-week low.

The stock had hit a 52-week high of Rs 114.90 on 6 October 2016. It had underperformed the market over the past one month till 24 May 2017, sliding 43.89% compared with the Sensexs 2.18% rise. The scrip had also underperformed the market over the past one quarter, declining 43.62% as against the Sensexs 4.88% rise.

The small-cap company has equity capital of Rs 334.46 crore. Face value per share is Rs 10.

Shares of Videocon Industries have tumbled 47.7% in four trading sessions to its ruling market price, from its closing of Rs 100.45 on 19 May 2017. The recent sell-off has been triggered by media reports of escalating debt woes of the company.

As per reports, Central Bank of India declared the company as a non-performing asset (NPA) in Q1 June 2017. Central Bank of India has one of the highest exposures to Videocon at Rs 2700 crore, reports added. Other banks are likely to soon follow suit in declaring the account as a bad loan or an NPA.

Dena Bank has recently announced that it had classified Videocons loan amounting to Rs 520 crore as a NPA. This has resulted into some negative publicity of the company and, accordingly, impacted its stock price.

Videocon Industries is set to announce Q1 March 2017 results tomorrow, 26 May 2017. The company reported net loss of Rs 509.78 crore in Q4 December 2016, much higher than net loss of Rs 84.42 crore in Q4 December 2015. Net sales fell 32.6% to Rs 2079.43 crore in Q4 December 2016 over Q4 December 2015.

Videocon Industries operates in four segments: consumer electronics and home appliances, crude oil and natural gas, telecommunications and power.

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Kushal Tradelink fixes record date for 4th interim dividend
May 25,2017

Kushal Tradelink has fixed 03 June 2017 as record date for purpose of 4th interim dividend of FY 2017.

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Kumar Wire Cloth Manufacturing Co. to hold board meeting
May 25,2017

Kumar Wire Cloth Manufacturing Co. will hold a meeting of the Board of Directors of the Company on 30 May 2017.

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