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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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I G Petrochemicals gets upgradation in credit ratings
Jul 12,2017

I G Petrochemicals announced that India Ratings and Research has upgraded the credit ratings as under -

Long term borrowing - IND A+ (Stable)
Short term borrowing - IND A1+ (Stable)

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Unijolly Investments Company appoints director
Jul 12,2017

Unijolly Investments Company has appointed Krishna Babu Cherukuri (DIN: 00993286) as an Additional Director of the Company who shall hold office from the end of business hours of 11 July 2017 till the conclusion of the Annual General Meeting to be held for the financial year 2017-18.

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Indias fuel product consumption rises 0.4% in June 2017
Jul 12,2017

Indias fuel product consumption or sales rose 0.4% to 16.54 mt in June 2017 over a year ago. LPG sales moved up 15.9% to 1.87 mt, diesel 6.5% to 6.80 mt, petrol 11.9% to 2.07 mt and ATF 9.2% to 0.60 mt. However, the consumption of petcoke dipped 18.6% to 1.89 mt, kerosene 33.0% to 0.36 mt, fuel oil 12.9% to 0.55 mt, and lubes/greases 23.5% to 0.25 mt. The consumption of naphtha also declined 4.3% to 1.09 mt, others 5.3% to 0.54 mt, bitumen 5.3% to 0.48 mt, and light diesel oil (LDO) 5.7% to 0.03 mt in June 2017.

Consumption or sales of fuel products increased 3.0% to 51.10 mt in April-June 2017 over April-June 2016. Sales of diesel increased 5.8%, petrol 10.6%, LPG 10.6%, and ATF 9.9%. Consumption of petcoke also moved up 1.1% and others 2.1%. However, the consumption of kerosene declined 34.1%, bitumen 9.9%, fuel oil 7.7%, naphtha 3.4%, lubes/greases 10.7% and LDO 1.2% in April-June 2017.

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Hisar Spinning Mills announces resignation of company secretary
Jul 12,2017

Hisar Spinning Mills announced that Tanu Sharma, Company Secretary has resigned from her office w.e.f. 10 July 2017.

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Religare extends recent sharp sell-off
Jul 12,2017

Meanwhile, the S&P BSE Sensex was up 4.37 points or 0.01% at 31,751.46. The S&P BSE Small-Cap index rose 25.16 points or 0.16% at 15,831.59.

On the BSE, 6.06 lakh shares were traded on the counter so far as against the average daily volumes of 30,387 shares in the past one quarter. The stock was volatile. The stock tumbled as much as 9.96% at the days low of Rs 92.15 so far during the day, which is a record low. The stock rose as much as 3.95% at the days high of Rs 106.40 so far during the day. The stock had hit a 52-week high of Rs 294 on 22 July 2016.

The stock had underperformed the market over the past one month till 11 July 2017, sliding 45.59% compared with the Sensexs 1.55% rise. The stock had also underperformed the market over the past one quarter, declining 51.71% as against the Sensexs 6.58% rise. The scrip had also underperformed the market over the past one year, sliding 62.65% as against the Sensexs 14.91% rise.

The small-cap company has equity capital of Rs 178.46 crore. Face value per share is Rs 10.

Shares of Religare Enterprises have tanked 41.8% in nine trading sessions to its current market price, from its closing of Rs 175.10 on 29 June 2017.

Religare Enterprises reported net loss of Rs 50.59 crore in Q4 March 2017, lower than net loss of Rs 67.88 crore in Q4 March 2016. Total income rose 3416% to Rs 455.67 crore in Q4 March 2017 over Q4 March 2016.

Religare Enterprises (REL) is the holding company for one of Indias leading diversified financial services groups. REL offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, affordable housing finance, health insurance, capital markets and wealth management.

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Outcome of board meeting of Ganesh Benzoplast
Jul 12,2017

Ganesh Benzoplast announced that the Board of Directors of the Company at its meeting held on 12 July 2017 has taken note of the receipt of the certain environmental clearances and the interest expressed for storage facilities, by LPG suppliers and distributors, in respect of the Companys Liquid Storage Terminal at Goa.

The Board also discussed about the options for the development of the LPG storage tanks at its Goa terminal. Further, the Board decided that the Company would actively pursue the development of LPG storage tanks at its Goa facility and authorized the Directors to take the necessary steps in this regard.

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Govt. may accord infrastructure status to smaller tourism projects- Secretary Tourism, GoI
Jul 12,2017

The Government of Uttarakhand is working towards unveiling a new policy to give a fillip to the tourism sector in the state. The home to paanch dhams - Kedarnath, Badrinath, Yamunotri, Gangotri along with Sri Hemkund Sahib - Uttarakhand is promoting spiritual tourism by developing circuits such as Devi Circuit and Shiv Circuit. This year the number of tourist arrivals in the state has already crossed the 17 lakh mark and this reflects the immense potential it has as a tourist destination, said Satpal Maharaj, Minister of Tourism, Irrigation, Minor Irrigation, Cultural, Watershed Management, Pilgrimage and Religious Fairs, Flood Control, Rain Water Harvesting, India-Nepal-Uttarakhand River Projects, Government of Uttarakhand.

Satpal Maharaj said that adventure tourism, medical and wellness tourism, and culinary tourism, were being developed. Besides, to make Uttarakhand a worldclass winter destination, the government was planning to set up skiing resorts and was undertaking other such initiatives. He added that homestays were also being promoted to allow tourists to spend time in the lap of nature.

Satpal Maharaj said that funds have been sanctioned by the Central government for construction of all-weather roads and laying down of railway tracks. He urged the industry to invest in the state as it offered immense opportunities and develop the varied tourism destinations.

Ms. Rashmi Varma, Secretary, Ministry of Tourism, Government of India, said that the tourism sector suffers from a gap in terms of world-class infrastructure development in the countrys tourism destinations. There was a shortage of one lakh classified hotel rooms in the country and this gap can be bridged only by the states alone as they adopt investor-friendly policies. The government was looking into giving infrastructure status to smaller units and was making the ministrys website more dynamic and robust to make all relevant information available online.

Ms. Varma said that there was a need to develop experiential tourism for foreign tourists such as cruise tourism and textile tourism. The overseas offices were also being revamped to reach out to tourists across the globe. She added that for promotion and marketing of tourism products, social media was being leveraged to reach global tourists.

Dr. Jyotsna Suri, Past President FICCI & Chairperson, FICCI Tourism Committee and Chairperson & MD, Lalit Suri Hospitality Group, said that the challenge lies in creating world class infrastructure to significantly increase tourist arrivals and create a strong, unequivocal Brand India. The Government and industry need to join hands to jointly create a policy landscape that can spur the growth momentum. She urged the stakeholders to utilize the varied FICCI platforms which were promoting tourism to realize the true potential of this sector.

Mr. Hari Ranjan Rao, Managing Director, Madhya Pradesh State Tourism Development Corporation Ltd., said that tourism is private sector driven and action lies in the state for the development of tourism infrastructure as 80 per cent of the items related to it were in the State List. Speaking about the initiatives undertaken by the Madhya Pradesh government, he said that the new tourism policy which came into effect in 2016 in the state has made it easier for investors to acquire land by creating land banks for developing hotels. The process of lease, tenders and bids have been made transparent by making all the information available online. The Madhya Pradesh government was facilitating the investors in various segments such as water sports and cruise tourism with its policies in diverse sectors related to tourism.

Mr. Rana Kapoor, CEO & MD, YES BANK and Chairman, YES Global Institute, said, n++Indias Travel & Tourism industry is the seventh largest in the world and is also a major generator of employment and livelihood in India, accounting for 9.3% of total employment in 2016 and expected to generate nearly 50 million jobs by 2027. The FICCI- YES BANK Knowledge Report Investment in Tourism Infrastructure: Igniting Indias Growth Engine makes key recommendations towards unleashing the true potential of this vital sector through sustainable infrastructure development. I am confident that this publication will encourage productive dialogue amongst all stakeholders in the Travel & Tourism value-chain and contribute towards making tourism a key driver of Indias growth story.n++

Mr. Nikhil Sahni, Senior President and Country Head of Government Relationship Management & Strategic Government Advisory at Yes Bank, said that the way forward to develop tourism sector in India was by granting infrastructure status to smaller projects; improving ease of doing business; enhancing private sector participation; promoting medical and wellness tourism; developing MICE infrastructure; developing coastal area; promoting heritage destinations; converging government schemes with organizations such as NABARD, SIDBI; and having niche-based PPP interventions.

Mr. Rahul Chakravarty, Consultant - Tourism, FICCI, said that structured pre-fixed B2G meetings were going to be held during the two-day Meet, and FICCI was facilitating face to face business meetings with the prominent investors to encourage investments in tourism infrastructure.

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Finance Committee of Bank of Baroda approves issuance of AT-1 Capital Bonds
Jul 12,2017

Bank of Baroda announced that the Finance Committee of the Bank on 12 July 2017 has approved issuance of AT-1 Capital Bonds Compliant with Basel III Capital Regulations of the Reserve Bank of India for minimum amount of Rs 500 crore with Green Shoe option, total issuance not exceeding Rs 3000 crore, in single or multiple tranches.

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Steel Strip Wheels bags export order
Jul 12,2017

Steel Strip Wheels has bagged an export order for supply of 20,000 steel wheels for EU aftermarket. Total order covers supplies of over 20,000 wheels in a period of 3 months.

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Zydus Cadila receives final approval for Memantine Hydrochloride Tablets
Jul 12,2017

Zydus Cadila has received final approval from USFDA to market Memantine Hydrochloride Tablets USP, 5 mg and 10 mg. The drug is used in the treatment of moderate to severe dementia of Alzheimers type and will be produced at the groups formulations manufacturing facility at Moraiya in Ahmedabad.

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Tata Global Beverages extends recent gains
Jul 12,2017

Meanwhile, the S&P BSE Sensex was up 68.39 points or 0.22% at 31,815.48.

On the BSE, 5.93 lakh shares were traded on the counter so far as against the average daily volumes of 3.29 lakh shares in the past one quarter. The stock had hit a high of Rs 174.50 so far during the day, which is a 52-week high. The stock hit a low of Rs 169.25 so far during the day. The stock had hit a 52-week low of Rs 114.50 on 15 November 2016.

The stock had outperformed the market over the past one month till 11 July 2017, advancing 9.5% compared with the Sensexs 1.55% rise. The stock had also outperformed the market over the past one quarter, gaining 10.61% as against the Sensexs 6.58% rise. The scrip had also outperformed the market over the past one year, advancing 26.85% as against the Sensexs 14.91% rise.

The large-cap company has equity capital of Rs 63.11 crore. Face value per share is Rs 1.

Shares of Tata Global Beverages have risen 13.52% in four trading sessions from its close of Rs 153.45 on 6 July 2017.

According to reports, Tata Global Beverages (TGBL) has decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. N Chandrasekaran had taken over charge as chairman of the board early this month.

On consolidated basis, Tata Global Beverages reported net profit of Rs 51.12 crore in Q4 March 2017, compared with net loss of Rs 268.90 crore in Q4 March 2016. Net sales rose 4.7% to Rs 1674.26 crore in Q4 March 2017 over Q4 March 2016.

Tata Global Beverages is a global beverage business; its brands have presence in over 40 countries. The company has significant interests in tea, coffee and water and is the worlds second largest tea company. The company focuses on natural beverages and has a stable of innovative regional and global beverage brands, including: Tata Tea, Tetley, Himalayan natural mineral water, Tata Water Plus and Tata Gluco+, Good Earth tea, Grand Coffee and Eight Oclock coffee.

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Max Ventures and Industries provides update on subsidiary - Max Speciality Films
Jul 12,2017

Max Ventures and Industries announced that Ramneek Jain has joined as CFO of Max Speciality Films (a material subsidiary of the Company) with effect from 11 July 2017.

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Thangamayil Jewellery to hold board meeting
Jul 12,2017

Thangamayil Jewellery will hold a meeting of the Board of Directors of the Company on 26 July 2017.

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Swarna Securites to hold board meeting
Jul 12,2017

Swarna Securites will hold a meeting of the Board of Directors of the Company on 27 July 2017.

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Alembic Pharmaceuticals to hold board meeting
Jul 12,2017

Alembic Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 20 July 2017.

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