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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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TCS in spotlight after partnering with Aurus
Jan 17,2017

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

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RIL in spotlight after Q3 results
Jan 17,2017

On a consolidated basis, Reliance Industries (RIL) net profit rose 3.6% to Rs 7506 crore on 16.1% increase in turnover to Rs 84189 crore in Q3 December 2016 over Q3 December 2015. Profit before depreciation, interest, and taxes (PBDIT) increased by 3.9% to Rs 14215 crore in Q3 December 2016 over Q3 December 2015. Profit Before Tax increased by 3.7% to Rs 10213 crore in Q3 December 2016 over Q3 December 2015. Cash Profit increased by 2.3% to Rs 10586 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 16 January 2017. The result is as per Indian Accounting Standards (Ind AS).

Bharat Petroleum Corporation (BPCL) said that it received in-principle approval for merger of Petronet CCK (PCCKL) with itself. PCCKL is a wholly-owned subsidiary of BPCL. The announcement was made after market hours yesterday, 16 January 2017.

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

TeamLease Services said it signed a definitive agreement to acquire 100% shares in Keystone Business Solutions, a company incorporated under Companies Act, 1956 through its wholly owned subsidiary, TeamLease Staffing Services. The proposed acquisition does not fall within related party transaction and the promoters of the company have no interest in the entity proposed to be acquired. The consideration involved in the transaction is Rs 8.2 crore payable in cash. Keystone Business Solutions was incorporated on 25 June 2009 which offers IT staffing solutions. It operates through its registered office situated in Bangalore, India. The indicative time period for completion of the acquisition is on or before 31 January 2017. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

Delta Corp said it was issued a licence for operations of a casino in Gangtok, Sikkim, under the Sikkim Casino (Control &Tax) Act, 2002. The company is fully ready to commence its casino operations and will do so immediately. The announcement was made after market hours yesterday, 16 January 2017.

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Oscar Investments announces resignation of company secretary
Jan 16,2017

Oscar Investments announced that the Company on 16 January 2017 has received a resignation letter from Karishma Jain, Company Secretary & Compliance Officer of the Company.

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Titan Company provides business update
Jan 16,2017

Titan Company announced that the Company had launched its second jewellery brand Gold Plus in 2005 for small-town South India, to better cater to the needs of the more traditional requirements of those customers. Since then, Gold Plus had grown to about 30 stores in size.

In the last decade, customers in the larger cities of South India have evolved in their tastes and aspirations and Titans main jewellery brand Tanishq has kept pace with them.

Given that evolution of the customers and Tanishq as well as the need to focus all energies and resources in todays circumstances, Titan Company has decided to consolidate its portfolio by migrating the Gold Plus network to become part of the Tanishq network.

With this, Titan Company is confident that Indias most desirable and profitable jewellery brand, Tanishq, will get even more desirable for customers and attractive to investors.

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Cosmo Films provides update on subsidiary - Global Holding Mauritius
Jan 16,2017

Cosmo Films announced that CF Global Holding Mauritius, a wholly owned subsidiary of Cosmo Films has ceased its activities and filed an application for winding up under section 309(1)(d) of the Companies Act, 2001 of Mauritius. Consequently, the shares of CF (Netherlands) Holdings B.V. (hither to held by CF Global Holding Mauritius ) stand transferred to the Company resulting into CF (Netherlands) Holding B.V. becoming a direct wholly owned subsidiary of the Company with effect from 12 January 2017.

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Rockon Enterprises appoints compliance officer
Jan 16,2017

Rockon Enterprises announced that Tanu Giriraj Agarwal (Whole Time Director) has been appointed as Compliance officer of the Company.

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TCI Industries allots Non Convertible Redeemable Preference Shares
Jan 16,2017

TCI Industries announced that pursuant to the Members approval accorded in their Annual General Meeting held on 02 August 2016, the Share Allotment Committee of the Board of Directors of the Company at its meeting held on 16 January 2017 has issued and allotted 13,709, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to the Promoter Group Companies.

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ICICI Bank announces change in nominee director
Jan 16,2017

ICICI Bank announced that Amit Agrawal, Joint Secretary, Department of Financial Services, Ministry of Finance, has been nominated as Government Nominee Director on the Board of ICICI Bank in place of Alok Tandon, with effect from 16 January 2017, as per the communication received from the Department of Financial Services, Ministry of Finance, on 16 January 2017.

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Eastern Treads wins two orders for supplying tyre retreading material
Jan 16,2017

Eastern Treads has won the tender for supplying the Tyre retreading materials to Karnataka State Road Transport Corporation & Rajasthan State Road Transport Corporation.

The Company obtained order to supply 200 MT and 90 MT of Tyre retreading materials respectively from Rajasthan State Road Transport Corporation and Karnataka State Road Transport Corporation to meet their 6 months tyre retreading requirements.

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Khemani Distributors & Marketing fixes record date for stock split
Jan 16,2017

Khemani Distributors & Marketing announced that the Company has fixed 03 February 2017 as the Record Date for the purpose of Sub-division of 1 (one) Equity Share of face value of Rs. 10/- (Rupees Ten only) each into 2 (Two) Equity Shares of Rs. 5/- (Rupees Five only) each.

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Outcome of board meeting of Dewan Housing Finance Corporation
Jan 16,2017

Dewan Housing Finance Corporation announced that the Board of Directors of the Company at its meeting held on 16 January 2017 has approved the issuance of non-convertible secured/ unsecured debentures up to an amount of Rs 5000 crore and non-convertible subordinated debentures upto an amount of Rs 1000 crore on private placement basis for the quarter.

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Board of Netlink Solutions (India) to consider Q3 results
Jan 16,2017

Netlink Solutions (India) announced that a meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, inter alia, to consider and approve, the following:

1. Unaudited Financial Results for the Third Quarter ended 31 December 2016.

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Hindustan Copper Board approves proposal for increase in borrowings to Rs 550 cr
Jan 16,2017

Hindustan Copper announced that the Board of Directors of the Company at its meeting held on 16 January 2017 has considered and approved proposal for increase in borrowing from the consortium banks / other banks by way of overdraft or cash credit, working capital demand loan, bill discounting, other working capital arrangements from existing Rs 250 crore to Rs 550 crore.

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Ministry of Earth Sciences Commissions Higher Resolution Weather Prediction Model
Jan 16,2017

The Ministry of Earth Sciences (MoES) has commissioned a very high resolution (12 km) global deterministic weather prediction model for generating operational weather forecasts. The model has been on trial since September 2016. It has shown significant improvements in skill of daily weather forecasts. This model has been made operational from January 16, 2017.

The present model replaces the earlier version which had a horizontal resolution of 25 km. It was very helpful, especially in predicting the track and the intensity of the recent Very Severe Cyclonic Storm Vardah and the cold wave over the northern parts of India.

MoESs operational Ensemble Prediction System (EPS) will also be upgraded to 12 km. For this the High Performance Computing (HPC) system resources available with MoES is to be augmented to 10 Peta Flops from the current 1.2 Peta Flops. The operational EPS currently has a horizontal resolution of about 25 km.

The EPS is adopted to overcome the problem of uncertainties in the forecasts. It involves the generation of multiple forecasts using slightly varying initial conditions. The EPS also help generate probabilistic forecasts and quantify the uncertainties.

The Ministry of Earth Sciences (MoES) provides Weather, Climate and Hydrological Services to various users round the year and 24/7. Both operational and research aspects for these services are implemented through its constituent units India Meteorological Department (IMD), National Centre for Medium Range Weather Forecasting (NCMRWF), Indian Institute of Tropical Meteorology (IITM) and Indian National Centre for Ocean Information System (INCOIS).

In general, during the last five years, the skill of weather and climate forecasts in India has improved. The improvement is noted especially in general public weather forecasts, monsoon forecasts, heavy rainfall warnings and tropical cyclone warnings and alerts. The successes in predicting the Tropical Cyclones Phailin/Hudhud, heavy rainfall event in Chennai during December 2015, deficient rainfall during monsoon season of 2015 are the best examples for the improvement in prediction capability during the recent years.

Focused research and development activities have been carried out at IITM, NCMRWF and IMD on weather prediction model development and data assimilation methods. Data from the International and Indian satellites are being assimilated in the weather prediction models.

The communication of forecasts to the stake holders on time and in proper language is very important in the effective use of weather and climate forecasts and minimizing the loss and damages due to severe weather. IMD has established an effective mechanism for dissemination of weather and climate forecasts to different stake holders using different communication channels.

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Key Corp standalone net profit declines 22.86% in the December 2016 quarter
Jan 16,2017

Net profit of Key Corp declined 22.86% to Rs 0.27 crore in the quarter ended December 2016 as against Rs 0.35 crore during the previous quarter ended December 2015. Sales declined 24.53% to Rs 0.40 crore in the quarter ended December 2016 as against Rs 0.53 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.400.53 -25 OPM %65.0066.04 - PBDT0.260.36 -28 PBT0.260.35 -26 NP0.270.35 -23

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