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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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Board of Tatia Global Vennture appoints CFO and KMP
Nov 22,2016

Tatia Global Vennture announced that the Board of Directors of the Company have approved the appointment of Namrata Parekh as the Chief Financial Officer (CFO) & Key Managerial Personnel of the Company.

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Outcome of board meetin of Ushdev International
Nov 22,2016

The Board of Ushdev International at the meeting held on 22 November 2016 approved the following -

Resignation of Anil Bansal as Independent Director of the Company.

Resignation of Ashwin Rathi as Director, Managing Director and Chief Financial Officer of the Company.

Appointment of Sucheta Jadhav as Chief Financial Officer of the Company.

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Tata Consultancy Services positioned in Winners Circle for 2nd consecutive year
Nov 22,2016

Tata Consultancy Services announced that for the second year in a row it has been recognised with highest overall performance and positioned in Winner Circle by analyst firm HfS Research in its latest HfS Blueprint, Internet of Things report.

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Board of Ushdev International approves sub-division of shares
Nov 22,2016

Ushdev International announced that the Board Meeting of the Company vvas held on 22 November 2016, The Board of Directors at the Board Meeting of the Company has approved the following :

- Sub-Division of equity shares of face value of Rs. 10/- each into equity shares of face value of Rs. 1/- each.

The above is subject to approval of the Shareholders of the Company.

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Rashtriya Chemicals & Fertilizers issues commercial papers aggregating Rs 100 cr
Nov 22,2016

Rashtriya Chemicals & Fertilizers announced that in terms of the guidelines issued by the Reserve Bank of India, the Company has issued Commercial Paper for Rs.100 crore on 21 November 2016, in favour of HDFC Bank, having maturity date as 17 February 2017.

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Patdiam Jewellery announces resignation of company secretary
Nov 22,2016

Patdiam Jewellery announced that the Board of Directors of the Company at its meeting held on 22 November 2016 accepted the resignation of Tejas Doshi, Company Secretary and Compliance Officer of the Company.

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Regional Connectivity Fund created for Udan Scheme
Nov 22,2016

The Ministry of Civil Aviation launched Regional Connectivity Scheme (RCS)-UDAN (Ude Desh ka Aam Nagrik) scheme on 21st October, 2016 for providing connectivity to un-served and under-served airports of the country. The primary objective of RCS is to facilitate and stimulate regional air connectivity by making it affordable. Promoting affordability of Regional air connectivity is envisioned under RCS by supporting airline operators through (i) concessions by Central Government, State Governments and airport operators to reduce the cost of airline operations on regional routes and (ii) financial support (viability gap funding or VGF) to meet the gap, if any, between the cost of airline operations and expected revenues on such routes. RCS-UDAN is a demand-driven scheme, where airline operators undertake assessment of demand on particular routes.

A Regional Connectivity Fund (RCF) has been created under powers conferred under Rule 88-B of the Aircraft Rules, 1937 to provide the VGF requirements under the scheme. The Central Government has decided to impose a levy on the scheduled flights being operated within India to fund the Regional Connectivity Fund. However, following flights has been exempted from the above mentioned levy:

i) Flights operated on CAT II/ CAT IIA routes as specified in Route Dispersal Guidelines issued under Rule 134 (1A).

ii) Flights operated on RCS routes.

iii) Flights operated with aircraft having maximum certified take off mass not exceeding 40,000 kg.

The payment of VGF will be made to selected airline operators from the RCF. Selection of airlines will be done through transparent bidding process and the RCS flight is expected to start from January, 2017 onwards

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DHFL gains after bargain hunting
Nov 22,2016

Meanwhile, the S&P BSE Sensex was up 204.48 points, or 0.79%, to 25,969.62

On BSE, so far 2.97 lakh shares were traded in the counter, compared with average daily volume of 3.34 lakh shares in the past one quarter. The stock hit a high of Rs 228.10 and a low of Rs 220 so far during the day. The stock hit a record high of Rs 337 on 20 October 2016. The stock hit a 52-week low of Rs 140.55 on 12 February 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, sliding 33.89% compared with the 8.23% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 19.42% as against Sensexs 7.95% decline.

The mid-cap company has an equity capital of Rs 313.13 crore. Face value per share is Rs 10.

Dewan Housing Finance Corporations net profit rose 28.96% to Rs 232.61 crore on 19.65% rise in total income to Rs 2167.72 crore in Q2 September 2016 over Q2 September 2015.

Dewan Housing Finance Corporation provides loans for purchase or construction of residential houses.

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GST, Bankruptcy Laws Will Emerge Facilitator For Inbound & Outbound M&A: PHD Chamber
Nov 22,2016

Global Investment and Acquisitions Forum 2016 held under joint aegis of PHD Chamber of Commerce and Industry, Corporate Catalyst India and M&A Worldwide, has forecast that with GST and Bankruptcy Laws in place, prospects for mergers and acquisitions both inbound and outbound would grow proportionately in India.

The Forum also felt that India is no longer experimental zone for multi nationals for their operations as it has evolved so much in the last couple of years that global giants have strategies for setting up of their operations in India because of its emerging potentials which promise higher returns on investments.

The unanimous view of the forum was that multi nationals and global giants that would earlier set up representative offices and liaison channels in India as part of their strategy to open up offices in India have moved on to a next phase as per which their strategies are to launch their corporations and begin business with their counterparts in joint venture sector.

This change has come after the new government has come to power with Prime Minister Narendra Modi at the helm of affairs.

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IRB Infra slips after weak Q2 results
Nov 22,2016

The result was announced during trading hours today, 22 November 2016.

Meanwhile, the BSE Sensex was up 157.87 points, or 0.61%, to 25,923.01.

On BSE, so far 4.40 lakh shares were traded in the counter, compared with average daily volume of 3.53 lakh shares in the past one quarter. The stock hit a high of Rs 194.15 and a low of Rs 178.20 so far during the day. The stock hit a 52-week high of Rs 269.30 on 4 January 2016. The stock hit a 52-week low of Rs 178.20 on 22 November 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 23.66% compared with the 8.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.24% as against Sensexs 7.95% decline.

The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.

IRB Infrastructure Developers is an integrated infrastructure development and construction company with significant experience in toll roads and highways sector.

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Demonetization to help inflation remain under control, interest rates to fall: PHD Chamber
Nov 22,2016

While appreciating the Government efforts to control inflation in the economy vis-a-vis reforms in supply chain, Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry said that demonetisation of rupees 500 and 1000 notes would also help prices to remain under control in the coming months.

Good monsoon behaviour and abundant supply of kharif crops coming in the market in the recent months has checked the rise in prices of many commodities, said Dr. Gupta.

The average WPI inflation so far in this financial year stands at around 3% during Apr-Oct 2016 and we are hopeful that inflation will fall below 3 percent in the coming months, he said.

The recent developments has created a good scope for further reduction in repo rate in the forthcoming monetary policy statement scheduled on December 7, 2016.

Repo rate at this juncture should not be more than 6% to give a big push to the economy with the new currency in circulation, said Dr. Gupta.

Reduced rate of interest with benign inflationary expectations would be a major breakthrough for the economy to enter the higher growth path, going forward, said Dr. Gupta.

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Mukta Arts announces launch of Whistling Woods International School of Design
Nov 22,2016

Mukta Arts announced that its subsidiary, Whistling Woods International has launched its latest venture Whistling Woods International School of Design in association with ECV, a leading school of Design in France. The School will offer Indias first full time Degree program in Visual and Communication Design in association with Tata Institute of Social Science.

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Mukta Arts announces launch of Whistling Woods International School of Design
Nov 22,2016

Mukta Arts announced that its subsidiary, Whistling Woods International has launched its latest venture Whistling Woods International School of Design in association with ECV, a leading school of Design in France. The School will offer Indias first full time Degree program in Visual and Communication Design in association with Tata Institute of Social Science.

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A2Z Infra spurts on new order win
Nov 22,2016

The announcement was made during market hours today, 22 November 2016.

Meanwhile, the S&P BSE Sensex was up 175.01 points or 0.68% at 25,940.15

On BSE, so far 1.75 lakh shares were traded in the counter as against average daily volume of 2.48 lakh shares in the past one quarter. The stock hit a high of Rs 35.85 and a low of Rs 33.10 so far during the day. The stock had hit a 52-week high of Rs 51.65 on 1 November 2016. The stock had hit a 52-week low of Rs 16.50 on 12 February 2016.

The small-cap company has equity capital of Rs 129.62 crore. Face value per share is Rs 10.

A2Z Infra Engineering said that a contract has been awarded to the company by Chhattisgarh State Power Transmission Company for construction of 132 kilovolt S/S Bijapur and associated EHV Line on turnkey basis. The aggregate value of the contract is Rs 41.33 crore.

A2Z Infra Engineering reported a net loss of Rs 18.75 crore in Q1 June 2016, lower than net loss of Rs 34.21 crore in Q1 June 2015. Net sales surged 148.5% to Rs 202.70 crore in Q1 June 2016 over Q1 June 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.

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Aditya Birla Nuvo intimates of workmen strike at Rishra unit
Nov 22,2016

Aditya Birla Nuvo announced that the Linen Yarn business unit had taken disciplinary measure to control the unauthorized absenteeism of the workers. As a consequence, the workmen of Linen Yarn business unit at Jaya Shree Textiles Division of the Company at Rishra, Hooghly, West Bengal, have gone on illegal strike from 19 November 2016, 2nd shift onwards.

The Jaya Shree Textiles Division at Rishra is engaged in the businesses of manufacturing of Linen Yarn, Linen Fabrics, Worsted Yarn and Wool Tops.

Further inform that the Linen Yarn business unit accounted for around 23% of the total turnover of Jaya Shree Textiles Division of the Company during H1FY17. The turnover of Jaya Shree Textiles Division of the Company constituted about 26% of the total turnover of the Company during H1FY17. As such the total impact of the said development on the overall operations of the Company shall not be material. Excepting the Linen Yarn business unit, the working at the remaining manufacturing units at Jaya Shree Textiles Division is normal.

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