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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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826 housing projects running behind schedule; average delay 39 months: ASSOCHAM study
Apr 10,2017

Battling adversity, as many as 826 housing projects are running behind schedule by an average of 39 months, with Punjab having the maximum of the delayed projects followed by Telangana and West Bengal, an ASSOCHAM study has found.

It said as at the end of December 2016, 3511 projects were live in construction and real estate sector, of which 2304 were under the implementation stage. Of the projects under implementation, 886 construction and real estate projects have recorded significant delays. Importantly, out of 886 delayed projects, 826 delayed projects are from housing construction and 60 from the commercial complex.

Among the major states, Punjab has recorded the maximum delay of 48 months in construction and real estate projects followed by Telangana (45 months), West Bengal (44 months), Odisha (44 months) and Haryana (44 months), the ASSOCHAM study noted.

Similarly, Madhya Pradesh, Andhra Pradesh and Uttar Pradesh have recorded 42 months of delay. Maharashtra saw delay of 39 months

Karnataka has recorded lowest delay of 31 months. Similarly, Rajasthan and Kerala have recorded delay almost equal to Karnataka followed by Gujarat and Tamil Nadu.

n++Hopefully, with steps like banks being allowed by the RBI to invest in Real Estate Investment Trusts (REITs), the sector should see revival of investment , enabling it to cut delays and restore consumer confidence,n++ ASSOCHAM Secretary General Mr D S Rawat said.

On an average construction and real estate projects have been delayed by 39 months, the study said. The ownership analysis suggests that public and the private sector projects have almost similar kind of delays. Public sector projects are delayed by 39.03 months and private sector by 39.63 months.

The real estate and housing sector is battling several problems. The process of obtaining mandatory approvals from multiple regulators and authorities result in cost and time overruns. These delays not only discourage investments in the housing sector but also lead to delays and corruption. As an effective solution, centre and state governments must introduce a single-window system for clearance of all real estate projects.

The chamber said the government should act as a facilitator rather than a regulator of the real estate projects, particularly where demand is more than supply. State governments should complete updation their land records, making them computerized and online.

In coordination with the state and local authorities, basic infrastructure like transport, water, power, housing, healthcare and sanitation must be taken up in well before completion of the projects.

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Dilip Buildcon firms up after winning two EPC projects in Maharashtra
Apr 10,2017

The announcement was made before trading hours today, 10 April 2017.

Meanwhile, the S&P BSE Sensex was down 27.93 points, or 0.09% to 29,678.68.

On the BSE, 5,132 shares were traded in the counter so far, compared with average daily volumes of 39,896 shares in the past one quarter. The stock had hit a high of Rs 362.35 and a low of Rs 358 so far during the day.

The stock hit a record high of Rs 373.80 on 5 April 2017. The stock hit a record low of Rs 178.60 on 9 November 2016.

The stock had outperformed the market over the past one month till 7 April 2017, rising 11.63% compared with 2.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 55.31% as against Sensexs 11.01% rise.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon has received Letter of Award (LoA) from the Ministry of Road Transport & Highways (MORTH), Government of India for two EPC (engineering, procurement and construction) road projects worth Rs 580.50 crore in Maharashtra.

The first project is for rehabilitation and up-gradation of two lane with paved shoulders on; EPC mode from Kalamb to Wadki (Kalamb - Ralegaon - Wadki). The second project is for rehabilitation and up-gradation of two lane with paved shoulder on EPC mode, from Majalgaon to Kaij.

Dilip Buildcons net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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NIIT in partnership with Humber College selected as Exclusive Provider of Real Estate education programs
Apr 10,2017

NIIT announced that the Real Estate Council of Ontario (RECO) has selected NIIT Learning Solutions (Canada) in partnership with Humber College Institute of Technology & Advance Learning, Canada as the Exclusive Designate to redesign, deliver, and maintain its flagship real estate education programs for professionals in the province of Ontario for a period of 5 years.

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Glenmark Pharmaceuticals receives final approval for Fenofibrate Capsules
Apr 10,2017

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been grantedfinal approval by the United States Food & Drug Administration (U.S. FDA) for Fenofibrate Capsules USP, 67 mg, 134 mg and 200 mg, the generic version of Tricorn++ Micronized Capsules, 67 mg, 134mg, and 200 mg of AbbVie, Inc.

According to IMS Health sales data for the 12 month period ending February 2017, the Tricorn++ Micronized Capsules, 67 mg, 134 mg and 200 mg market1 achieved annual sales of approximately $97.5 million.

Glenmarks current portfolio consists of 114 products authorized for distribution in the U.S. marketplace and approximately 64 ANDAs pending approval with the U.S. FDA

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Dilip Buildcon receives LoA for two road projects in Maharashtra
Apr 10,2017

Dilip Buildcon has received Letter of Award from Ministry of Road Transport & Highways (MORTH), Government of India for two EPC road projects in the State of Maharashtra.

Rehabilitation and upgradation of two lane with paved shoulders on EPC mode from Kalamb to Wadki - Bid Project cost Rs 343.72 crore - Bid Price - Rs 292.50 crore.

Rehabilitation and upgradation of two lane with paved shoulders on EPC mode from Majalgaon to Kaij - Bid Project cost Rs 340.04 crore - Bid Price - Rs 288.00 crore.

The construction period for both projects is 24 months.

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Page Industries announces demise of director cum CFO
Apr 10,2017

Page Industries announced the sad demise of Pius Thomas, Executive Director- Finance & Chief Financial Officer of the Company, on the wee hours on 07 April 2017.

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L&T Construction wins USD 817 mn order from Qatar General Electricity & Water Corporation
Apr 10,2017

Larsen & Toubro announced that the Power Transmission and Distribution Business of L&T Construction has won its single largest order in the Middle East from their esteemed customer KAHRAMAA - Qatar General Electricity & Water Corporation - for its ongoing Qatar Electricity Transmission Network Expansion Plan - Phase XIII. Through this ambitious project, KAHRAMAA intends to expand the existing power transmission network to meet the ever increasing demand for power due to the developmental work in the State of Qatar.

The prestigious USD 817 million (Rs 5250 crore) order will involve the engineering, procurement and construction of 30 new Gas Insulated Substations of varying voltage levels of 220kV , 132 kV and 66kV and approximately 560 km of 123 kV and 66 kV underground cables under various definite and framework packages. The project is scheduled for completion in phases from 15 to 32 months.

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Maruti Suzuki in focus after good production in March
Apr 10,2017

Maruti Suzuki India said its total production rose 10.29% to 1.53 lakh units in March 2017 over March 2016. The announcement was made after market hours on Friday, 7 April 2017.

L&Ts board at a meeting held on Friday, 7 April 2017, approved appointment of A. M. Naik as the Non-Executive Chairman of the company with effect from 1 October 2017 for a period of three years, immediately upon his retirement as the Executive Chairman on 30 September 2017. The board also approved appointment of S. N. Subrahmanyan as the Chief Executive Officer & Managing Director with effect from 1 July 2017. The announcement was made after market hours on Friday, 7 April 2017.

Central Bank of India said that a meeting of the capital raising committee of the board of directors of the bank will be held on 12 April 2017 to consider and approve raising of equity capital by conversion of entire innovative perpetual debt instruments (IPDI) capital of Rs 583 crore (5,830 IPDI of Rs 10 lakh each) held by Government of India, by allotment of equity shares of the face value of Rs 10 each at such conversion price including premium per equity share as may be determined as per SEBI (ICDR) Regulations, to Government of India on preferential basis. The announcement was made after market hours on Friday, 7 April 2017.

IndusInd Bank said it has recently inaugurated its first branch in Gaya, Bihar. With the inauguration of this branch, the bank now has 18 branches in Bihar. The announcement was made after market hours on Friday, 7 April 2017.

Apollo Tyres announced about the inauguration and commencement of commercial production at its manufacturing facility in Hungary with effect from 7 April 2017. Onkar S Kanwar, Chairman, Apollo Tyres said, this facility will help the company further increase its presence and market share in Europe. The announcement was made after market hours on Friday, 7 April 2017.

Indiabulls Housing Finance said it allotted its sixteenth tranche of secured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 43 crore. The announcement was made after market hours on Friday, 7 April 2017.

Brigade Enterprises announced the launch of Brigade Buena Vista, a luxury apartment project off Old Madras Road near Budigere Cross, Bengaluru. Brigade Buena Vista consists of 4 elegant residential towers spread across 7 acres, large parts of which are reserved for green, open spaces. The project is strategically located with excellent 3-way connectivity to Whitefield, Central and North Bengaluru and offers a strategic mix of accessibility and convenient living. The announcement was made after market hours on Friday, 7 April 2017.

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Reduction in Import Duty to stabilize the domestic prices
Apr 08,2017

The Government has reduced the import duty on many items in the recent months. In order to, inter alia, stabalise the domestic prices, the Government has reduced import duty on the following goods in the recent past:

i. With effect from 23.09.2016, import duty on palm oil was reduced from 12.5% to 7.5% for crude palm oil of edible grade, and from 20% to 15% for refined palm oil of edible grade.

ii. Import duty on wheat was reduced from 10% to Nil with effect from 08.12.2016 without an end date. [However, the import duty has been increased to 10% with effect from 28.03.2017].

iii. Import duty on pulses continues to be Nil without an end date, except tur the import duty on which has been increased to 10% with effect from 28.03.2017].

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Department of Consumers Affairs signs MOU with 230 Companies for quick redressal of the grievances/complaints of the consumers
Apr 08,2017

The National Consumer Helpline (NCH) is a project of the Department of Consumer Affairs which is executed through the Indian Institute of Public Administration(IIPA), New Delhi. IIPA has entered into MOU with 230 Companies under the convergence programme, for quick redressal of the grievances/complaints of the consumers.

In so far as the Ministry of Consumer Affairs, Food & Public Distribution is concerned, digital initiatives include digitisation of ration cards, beneficiary and other database, computerisation of supply chain management, setting up of transparency portals and grievance redress mechanisms, a mobile application for registering their complaints in the National Consumer helpline, webchat facility in the National Consumer Helpline, a mobile application n++Smart Consumern++ to enable the consumer to scan the bar code of the product and get information regarding details and labelling. Consumers are sensitized about digital safety by way of various publicity campaigns. The Department has also collaborated with Google India for raising awareness about internet safety amongst consumers.

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Alan Scott Industries files petition before NCLT for reduction of share capital
Apr 08,2017

Alan Scott Industries has filed the petition for reduction of share capital of the Company before NCLT, Mumbai on 06 April 2017.

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Indiabulls Housing Finance allots NCDs aggregating Rs 43 cr
Apr 08,2017

Indiabulls Housing Finance announced that on 07 April 2017 the Company has allotted its sixteenth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating to Rs.43 crore on private placement basis.

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Cosmo Films to set up new production line for Speciality Polyester (BOPET) Films
Apr 08,2017

Cosmo Films has announced plans to install a new production line for Speciality Polyester (Biaxially - Oriented Polyethylene Teraphthalate) films by the third quarter of 2018-19. The new line will be commissioned at the Waluj Plant site in Aurangabad, Maharashtra with a capacity of 36,000 MT per annum. The project for the new line will entail an investment of Rs 250 crore.

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Government issues instructions to States/UTs and FCI to ensure supply of good quality foodgrains under PDS
Apr 08,2017

Government has issued following instructions to State Governments / Union Territories and Food Corporation of India (FCI) to ensure supply of good quality foodgrains under Public Distribution System (PDS).

(i) Only good quality foodgrains free from insect infestation and conforming to Food Safety Standards are to be issued under PDS.

(ii) Ample opportunities are to be provided to the State Government to check the quality of foodgrains prior to lifting the foodgrains stocks from FCI godowns.

(iii) Samples of foodgrains are to be collected and sealed from the stocks of foodgrains to be issued under the PDS jointly by FCI and State Governments/UT Administrations.

(iv) An officer not below the rank of Inspector is to be deputed from State Government to take the delivery of foodgrain stocks from FCI godowns.

(v) Regular inspection to check the quality of foodgrains is to be carried out by the officers of State Government.

(vi) It is the responsibility of the concerned State Governments/UT Administrations to ensure that during transportation and storage at different stages in the distribution chain, the foodgrains retain the required quality specifications.

(vii) The State Government, where the decentralized procurement is in operation, should ensure that the quality of foodgrains issued under PDS and other welfare schemes should meet the desired standards prescribed by Food Safety and Standards Authority of India (FSSAI).

PDS is operated under the joint responsibility of the Central and the State/UT Governments. Central Government is responsible for procurement, allocation and transportation of foodgrains upto the designated depots of the Food Corporation of India. The operational responsibilities for intra-state allocation and distribution of foodgrains within the States/UTs, identification of eligible beneficiaries, issuance of ration cards and supervision and monitoring of the Fair Price Shops (FPSs) etc. rest with the concerned State/UT Governments. Therefore, as and when complaints are received, these are referred to the State/UT Governments concerned for inquiry and appropriate action. Five complaints about supply of poor quality foodgrains distributed under PDS were received during 2016-17.

Regular surveillance, monitoring, inspection and random sampling of all the food products are undertaken by the officials of Food Safety Departments of the respective States/UTs to check that they comply with the standards laid down under Food Safety & Standards Act, 2006 and the Rules & Regulation made thereunder. In cases where food samples are found to be non-conforming, recourse is taken to penal provisions under Chapter-IX of the Food Safety and Standards Act, 2006. The implementation and enforcement of norms under Food Safety and Standards Act, 2006 and Rules & Regulation made thereunder primarily rests with the State/UT Government.

No separate enforcement data regarding samples taken from foodgrains distributed under PDS by Food Safety Authorities of the States/UTs is maintained centrally by FSSAI. However, based on information made available by the States/UTs, details of all food samples received, analyzed, found non-conforming to the norms and action taken under provision of FSS Act, 2006.

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Rs.166.255 lakhs spent for Yoga training of 11428 Physical Education Teachers during 2016-17
Apr 08,2017

The Department of School Education & Literacy, Ministry of Human Resource Development has spent Rs.166.255 lakhs during 2016-17 under Rashriya Madhyamik Shiksha Abhiyan (RMSA) for Yoga training of 11428 Physical Education Teachers of Government Secondary Schools.

National Council of Educational Research and Training (NCERT) 2005 recommended Yoga as an Integral Part of Health and Physical Education as part of National Curriculum Framework (NCF). Health and Physical Education is a compulsory subject from Class I to Class X and optional from Classes XI to XII. According to National Curriculum Framework 2005, n++the entire group Health and Physical Education and Yoga must be taken together as a comprehensive Health and Physical Education Curriculum, replacing the fragmentary approach current in schools today. As a core part of the curriculum, time allocated for games and for yoga must not be reduced or taken away under any circumstancesn++. Further, they have already developed integrated syllabi on Health and Physical Education from Class I to Class X. The content of Yoga has been included from Class VI onward. It also prepared separate syllabus on Yoga from Upper Primary to Secondary Stage.

NCERT has brought out the following two textual materials for Upper Primary (VI to VIII) and Secondary Stages (IX & X):

(i) Yoga: A Healthy Way of Living (Upper Primary stage) and

(ii) Yoga: A Healthy Way of Living (Secondary Stage)

NCERT organised Yoga Olympiad from school to National Level from 18th to 20thJune, 2016.

CCRYN under Ministry of AYUSH has been conducting one hour Yoga Classes for Government employees in few Government Offices/Ministries n Delhi

MDNIY is creating awareness about healthy food habits and concept of Yogic Diet through its courses /programmes.

There are 9 universities offering Higher education in Yoga; and 2 universities offering higher education in Yoga and Naturopathy in the country.

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