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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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Govt. should increase cyber security spending to match growing threat landscape: ASSOCHAM-PwC paper
Feb 15,2017

The government should sharply increase spending on cyber security to a level that matches the changing threat landscape, noted a paper jointly conducted by ASSOCHAM-PwC.

n++The government should allocate adequate budget for cyber security related initiatives such as capacity building, training of the workforce, implementing awareness programmes, and promoting research and development,n++ according to paper titled Recommendations - Cyber & network security, jointly conducted by ASSOCHAM and consulting firm PricewaterhouseCoopers (PwC).

It also suggested the industry to make budgets to expand efforts to attract and retain qualified cyber professionals.

n++It is important to take proactive measures rather than reactive methods as building safe environments will always be the best line of defence against rising cybercrime,n++ suggested the paper.

It said that government should look at developing comprehensive and mature security policies to ensure that emerging technologies such as cloud and Smart Cities are protected from cyber threats and risks, and help create a dynamic digital economy.

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State Trading Corporation of India appoints directors
Feb 15,2017

State Trading Corporation of India announced that Ministry of Commerce & Industry vide its office order dated 27 January 2017 has conveyed the appointment of Mohan Lal Pareek and Dr. Amitabh Rajan as part time non-official Directors (Additional/Independent Director) on the Board of STC.

Further, Mohan Lal Pareek and Dr. Amitabh Rajan have been appointed as part time non-official on the Board of STC w.e.f. 14 February 2017.

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State Trading Corporation of India appoints directors
Feb 15,2017

State Trading Corporation of India announced that Ministry of Commerce & Industry vide its office order dated 27 January 2017 has conveyed the appointment of Mohan Lal Pareek and Dr. Amitabh Rajan as part time non-official Directors (Additional/Independent Director) on the Board of STC.

Further, Mohan Lal Pareek and Dr. Amitabh Rajan have been appointed as part time non-official on the Board of STC w.e.f. 14 February 2017.

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Wipro gains after powering Japans in-car Digital TV market
Feb 15,2017

The announcement was made before trading hours today, 15 February 2017.

Meanwhile, the BSE Sensex was down 21.15 points, or 0.07%, to 28,318.16.

On the BSE, so far 5,281 shares were traded in the counter, compared with average daily volumes of 1.11 lakh shares in the past one quarter. The stock had hit a high of Rs 478.70 and a low of Rs 474.50 so far during the day.

The stock hit a 52-week high of Rs 606.75 on 20 April 2016. The stock hit a 52-week low of Rs 410 on 9 November 2016.

The large-cap company has equity capital of Rs 486.18 crore. Face value per share is Rs 2.

Wipro announced that its Digital-TV (DTV) Middleware Solution, which facilitates In-Car TV reception systems, has been customized for the Japanese automotive market. Wipros DTV Middleware offering provides a turnkey solution for global Original Equipment Manufacturers (OEMs) of automotive infotainment systems to enable broadcast TV reception within vehicles. Wipros DTV Middleware Solution provides a robust, flexible and proven platform that allows device manufacturers to enable broadcast TV reception and related interactive services in automotive infotainment systems. Wipros In-Car DTV Middleware solution adds value to automotive OEM companies by supporting a range of features such as Antenna Diversity, Background Scans, Service Presets, One Touch Support, and Error concealments. These features facilitate the seamless consumption of premium entertainment content for in-car viewers.

Wipros consolidated net profit rose 2.04% to Rs 2109.40 crore on 0.93% decline in net sales to Rs 13764.50 crore in Q3 December 2016 over Q2 September 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Jagsonpal Pharmaceuticals announces resignation of director
Feb 15,2017

Jagsonpal Pharmaceuticals announced that Dr. Surinder Kumar Goyal, Director has resigned from Directorship of the Company w.e.f. 14 February 2017, his resignation has been approved by the Board of Directors in their meeting held on 14 February 2017.

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Entertainment Network (India) commences broadcast from Shillong radio station
Feb 15,2017

Entertainment Network (India) announced that the Company has on 15 February 2017 commenced broadcast from its radio station at Shillong (91.1 FM) - acquired under Phase 3 auctions held last financial year.

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Adani Enterprises gains after strong Q3 results
Feb 15,2017

The result was announced after market hours yesterday, 14 February 2017.

Meanwhile, the BSE Sensex was down 7.71 points, or 0.03%, to 28,331.60.

On the BSE, so far 1.22 lakh shares were traded in the counter, compared with average daily volumes of 5.29 lakh shares in the past one quarter. The stock had hit a high of Rs 93.85 and a low of Rs 91.40 so far during the day.

The stock hit a 52-week high of Rs 100.20 on 6 February 2017. The stock hit a 52-week low of Rs 58.35 on 9 November 2016.

The large-cap company has equity capital of Rs 109.98 crore. Face value per share is Re 1.

Adani Enterprises is the flagship entity of the Adani Group. It is one of the fastest growing diversified conglomerates with business interests across - coal trading and mining, renewable energy generation, agri-storage infrastructure and services as well as edible oil and gas distribution.

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Wipros Digital TV Middleware Solution enables In-Car TV reception
Feb 15,2017

Wipro announced that its Digital-TV Middleware Solution, which facilitates In-Car TV reception systems, has been customised for the Japanese automotive market. Wipros DTV Middleware offering provides a turnkey solution for global Original Equipment Manufacturers of automotive infotainment systems to enable broadcast TV reception within vehicles.

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Board of Opto Circuits (India) approves preferential issue of equity shares
Feb 15,2017

Opto Circuits (India) announced that the Board of Directors of the Company at its meeting held on 14 February 2017 has transacted the following -

Approved preferential issue of equity shares on stock swap basis to shareholders of Opto Eurocor Healthcare (wholly owned subsidiary).

Approved preferential issue of equity shares to Promoters and Associates against money outstanding in the books of Opto Circuits (India).

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Board of Corporate Courier & Cargo appoints company secretary
Feb 15,2017

The Board of Directors of Corporate Courier & Cargo at its meeting held on 14 February 2017 have appointed Divya Mer as Company Secretary.

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Siti Networks allots 1.35 lakh equity shares
Feb 15,2017

Siti Networks announced that the Board constituted Allotment Committee in its meeting held on 14 February 2017 has approved the allotment of 1,35,000 Equity Shares to three eligible persons pursuant to SITI ESOP-2015 of the Company read with Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, as amended from time to time.

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IL&FS Transportation Networks provides financial update on subsidiary - Hazaribagh Ranchi Expressway
Feb 15,2017

IL&FS Transportation Networks announced that the Hazaribagh Ranchi Expressway, a subsidiary of the Company has re-financed its Debts including Senior Debt amounting to Rs. 715 crore availed for development of section of NH-33 from km 40.500 to 114.00 in the State of Jharkhand (n++the Projectn++) by issue of Non-Convertible Debentures at a weighted average coupon of 8.56% payable semi-annually resulting in interest savings of approx. 282 bps in interest cost.

The Project was completed on 27 January 2013 and receives from NHAI a semi-annual annuity of Rs. 64.08 crore for a period of 15.5 years effective 15 September 2012.

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Board of Techno Electric & Engineering Company approves buyback of shares
Feb 15,2017

Techno Electric & Engineering Company announced that the Company vide a meeting of the Board of Directors held on 10 February 2017 has approved the Buyback of 15,00,000 fully paid-up equity shares of face value of Rs. 2/- from the equity shareholders/beneficial owners of the Company on a proportionate basis through Tender Offer Method at a price of Rs. 400/- per equity share for an amount not exceeding Rs. 60 crore representing 8.30% of the Companys paid up equity capital and free reserves as on 31 March 2016.

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Insolvency and Bankruptcy Board of India invites public comments on Draft Regulations for Voluntary Liquidation by 8th March, 2017
Feb 15,2017

The Ministry of Corporate Affairs had set-up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group-3 had a mandate to deliberate and submit its recommendations on rules and regulations and other related matters for the insolvency and liquidation process under the Insolvency and Bankruptcy Code, 2016. This Working Group had earlier developed draft regulations for corporate insolvency resolution and liquidation process. Based on these drafts and after considering public comments on the same and following the due process, the Insolvency and Bankruptcy Board of India (Board) has notified (a) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and (b) the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.

This Working Group has now submitted draft regulations for Voluntary Liquidation of Corporate Persons. A corporate person who has not committed any default may initiate voluntary liquidation subject to certain conditions. It has been decided to to invite public comments on the draft regulations. Accordingly, comments on each provision of the draft regulations are invited by 8th March, 2017.

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DLF in focus after weak Q3 results
Feb 15,2017

Realty major DLFs consolidated net profit fell 46.11% to Rs 98.14 crore on 30.23% declined n net sales to Rs 2057.92 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

In a separate announcement, DLF said it has decided to extend the deadline for sale of 40% stake owned by its promoters in its rental arm DLF Cyber City Developers (DCCDL) to March 2018.

On a consolidated basis, Adani Enterprises net profit rose 61.72% to Rs 339.96 crore on 9.10% rise n net sales to Rs 8602.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

MOILs net profit rose 670.7% to Rs 101.42 crore on 299.3% rise n net sales to Rs 355.30 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Jindal Steel & Power (JSPL) reported a net loss of Rs 407.44 crore in Q3 December 2016 compared with a net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.15% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Voltas net profit rose 38.71% to Rs 80.19 crore on 6.72% decline n net sales to Rs 1174.53 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Housing Development Finance Corporation (HDFC) said it established a medium term note programme (MTN programme) for an amount of up to $750 million for enabling the corporation to issue debt instruments in the international capital markets. The establishment of the MTN programme is only an enabling step and presently, no instruments are being issued by the corporation. The announcement was made after market hours yesterday, 14 February 2017.

On a consolidated basis, Unitech reported a net loss of Rs 17.13 crore in Q3 December 2016 compared with net loss of Rs 12.25 crore in Q3 December 2015. Total income rose 8.97% to Rs 414.16 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Sagar Cements said that its board allotted 24 lakh equity shares to eligible qualified institutional buyers at Rs 720 each, aggregating to Rs 172.80 crore. The announcement was made after market hours yesterday, 14 February 2017.

Gitanjali Gems said that its wholly owned subsidiary, Gitanjali Infratech, has acquired 100% equity shares of Dynamic Infrazone for setting up and developing gems and jewellery park in Orissa. The announcement was made after market hours yesterday, 14 February 2017.

Oricon Enterprises said that its wholly owned subsidiary, Oriental Containers, has completed expansion of its plastic closures manufacturing capacity at Rs 35 crore at M.I.D.C.-Murbad, (Maharashtra) with a capacity of 1.2 billion closures per annum. With this total installed capacity of plastic closures is increased to over 8 billion per annum, highest in India. The announcement was made after market hours yesterday, 14 February 2017.

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