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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Jain Irrigation Systems to make strategic investment in US entities
Apr 19,2017

Jain Irrigation Systems through its multi generation wholly owned subsidiary in US agreed to acquire 80% stake in 2 US entities. Two of the USs largest micro irrigation dealers - Agri Valley Irrigation Inc. and Irrigation Design and Construction Inc. have entered into agreement to merge ownership of their businesses into a newly formed distribution company. The new organisation is an unparalleled leader in design, construction, service and innovation Ag Technology. This entity will provide a unique platform to help growers implement state of the art irrigation technology and achieve More Crop Per Drop.

The transaction is expected to be completed in the next few weeks. The consideration for transaction will be paid in cash not exceeding USD 48.50 million and subject to net working capital adjustments at the time of closing. Transaction is expected to be closed in the next few weeks.

This is a strategic investment by Jain Irrigations Systems into one of the largest irrigations markets in the world. The company already has presence in US micro irrigation market through its subsidiary, Jain Irrigation Inc. which is headquartered in California.

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VST Inds drops after poor Q4 results
Apr 19,2017

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was up 25.41 points or 0.09% at 29,344.51. The S&P BSE Mid-Cap index was up 63.89 points or 0.45% at 14,360.02.

On the BSE, 145 shares were traded on the counter so far as against the average daily volumes of 535 shares in the past one quarter. The stock had hit a high of Rs 3,095.20 and a low of Rs 3,005 so far during the day.

The stock had hit a record high of Rs 3,216.45 on 18 April 2017 and a 52-week low of Rs 1,595 on 26 April 2016. It had outperformed the market over the past one month till 18 April 2017, surging 9.25% compared with the Sensexs 1.11% fall. The scrip had also outperformed the market over the past one quarter, advancing 27.31% as against the Sensexs 7.56% rise.

The mid-cap company has equity capital of Rs 15.44 crore. Face value per share is Rs 10.

VST Industries board recommended a final dividend of Rs 75 per share for FY 2017.

VST Industries principal activities are manufacturing and selling cigarettes and unmanufactured tobacco.

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HOEC gains after turnaround Q4 results
Apr 19,2017

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was up 11.40 points, or 0.04% to 29,330.50.

On the BSE, 2.59 lakh shares were traded in the counter so far, compared with average daily volumes of 3.55 lakh shares in the past one quarter. The stock had hit a high of Rs 88 and a low of Rs 84.50 so far during the day. The stock hit a 52-week high of Rs 89.30 on 13 April 2017. The stock hit a 52-week low of Rs 32.35 on 24 May 2016.

The stock had outperformed the market over the past one month till 18 April 2017, rising 18.35% compared with 0.68% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.13% as against Sensexs 7.56% rise.

The small-cap company has equity capital of Rs 130.49 crore. Face value per share is Rs 10.

Hindustan Oil Exploration Company (HOEC)s net sales rose 37.41% to Rs 7.97 crore in Q4 March 2017 over Q4 March 2016.

HOECs net profit surged 942.41% to Rs 36.38 crore on 11.71% decline in net sales to Rs 25.02 crore in the year ended March 2017 over the year ended March 2016.

Hindustan Oil Exploration Company (HOEC) is an oil and gas company.

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Global Economy Gaining Momentum-IMF
Apr 19,2017

Momentum in the global economy has been building since the middle of last year, allowing us to reaffirm our earlier forecasts of higher global growth this year and next, says International Monetary Fund (IMF). We project the world economy to grow at a pace of 3.5 percent in 2017, up from 3.1 percent last year, and 3.6 percent in 2018. Acceleration will be broad based across advanced, emerging, and low-income economies, building on gains we have seen in both manufacturing and trade.

Our new projection for 2017 in the April World Economic Outlook is marginally higher than what we expected in our last update. This improvement comes primarily from good economic news for Europe and Asia, as well as our continuing expectation for higher growth this year in the United States.

Despite these signs of strength, many other countries will continue to struggle this year with growth rates significantly below past readings. Commodity prices have firmed since early 2016, but at low levels, and many commodity exporters remain challenged - notably in the Middle East, Africa, and Latin America. At the same time, a combination of adverse weather conditions and civil unrest threaten several low-income countries with mass starvation. In Sub-Saharan Africa, income growth could fall slightly short of population growth, but not by nearly as much as last year.

Policy uncertainties and politics

Whether the current momentum will be sustained remains a question mark. There are clearly upside possibilities. Consumer and business confidence in advanced economies could rise further - though confidence indicators are already at relatively elevated levels. On the other hand, the world economy still faces headwinds. For one thing, trend productivity growth remains subdued across the world economy, for complex reasons that we have explored in a recent paper, and that seem likely to persist for some time. In addition, several prominent downside risks threaten our baseline forecast.

One set of uncertainties stems from macroeconomic policies in the two largest economies. The U.S. Federal Reserve has embarked on monetary normalization and may soon begin to scale back the size of its balance sheet. Given the faster U.S. recovery, we could see more upward pressure on the dollar, as interest-rate hikes are not yet imminent for the Bank of Japan and the European Central Bank. At the same time, however, U.S. fiscal policy still seems likely to turn more expansionary over the next couple of years. If the slack remaining in the U.S. economy is small, the result could be inflation and a faster than expected pace of interest rate rises, reinforcing dollar strength and possibly causing difficulties for emerging and some developing economiesn++especially those with dollar pegs or extensive dollar-denominated liabilities. Chinas desirable rebalancing process continues, as seen in a declining current account surplus and an increased GDP share of services, yet growth has remained reliant on domestic credit growth so rapid that it may cause financial stability problems down the road. These problems could, in turn, spill over to other countries.

Aside from the conjunctural policy uncertainties, a distinct set of threats comes from the growth in advanced economies of domestic political movements skeptical of international economic integrationn++no matter if integration is promoted through multilateral rules-based systems for the governance of trade, more ambitious regional arrangements such as the euro area and European Union, or globally agreed standards for financial regulation. A broad withdrawal from multilateralism could lead to such self-inflicted wounds as widespread protectionism or a competitive race to the bottom in financial oversight - a struggle of each against all that would leave all countries worse off.

There is no universal policy prescription for diverse economies at different conjunctural stages. Deflationary pressures have generally receded, but monetary accommodation should continue where inflation remains stubbornly below target levels. Growth-friendly fiscal measures, especially where there is fiscal space, can support demand where that is still needed and contribute to expanding supply and reducing external imbalances. All countries have opportunities for structural reforms that can raise potential output as well as resilience to shocks, although specific reform priorities differ across economies.

Avoiding the damage from protectionist measures will require a renewed multilateral commitment to support trade, paired with national initiatives that can help workers adversely affected by a range of structural economic transformations including those due to trade. Trade has been an engine of growth, promoting impressive per capita income gains and declines in poverty throughout the world, especially in poorer countries. But its benefits have not always been equally shared within countries, and political support for trade will continue to erode unless governments step up to invest in their workforces and aid the adjustment to dislocations. Another recent paper of ours, co-authored with the World Bank and the World Trade Organization, surveys possible policy approaches. Importantly, such measures not only support trade, they aid adjustment to a range of structural changesn++including those from rapid technology change. They can also raise potential output.

International cooperation key

International growth and stability rely on multilateral collaboration across a range of problems that spill over national borders--not just trade. The challenges include financial oversight, tax avoidance, climate, disease, refugee policy, and famine relief. Historically, inclusive cooperative approaches to interdependence have worked best. National policymakers, however, must do the hard work to ensure that the gains from harnessing interdependence, which are substantial, are broadly shared.

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Polaris Consulting declines on profit booking
Apr 19,2017

Meanwhile, the S&P BSE Sensex was up 7.84 points, or 0.03% at 29,326.94. The S&P BSE Small-cap index was up 34.27 points, 0.23% at 14,878.38.

On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 74,881 shares in the past one quarter. The stock had hit a high of Rs 226.05 and a low of Rs 216.35 so far during the day.

The stock had hit a 52-week high of Rs 231.70 on 18 April 2017 and a 52-week low of Rs 141.10 on 9 November 2016. The stock had outperformed the market over the past one month till 18 April 2017, advancing 26.4% compared with the Sensexs 1.11% decline. The scrip had also outperformed the market over the past one quarter advancing 37.53% as against the Sensexs 7.56% rise.

The small-cap company has equity capital of Rs 51.06 crore. Face value per share is Rs 5.

Polaris Consulting & Services had rallied 26.55% in the preceding four trading sessions to settle at Rs 225 yesterday, 18 April 2017, from its closing of Rs 177.80 on 11 April 2017.

Polaris Consulting & Services consolidated net profit rose 15.82% to Rs 47.65 crore on 1.72% increase in net sales to Rs 515.45 crore in Q3 December 2016 over Q2 September 2016.

Polaris Consulting & Services is a leader in solutions and services that enable operational productivity for the global financial services industry.

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SPML Infra jumps after substantially completing Gujarat irrigation project
Apr 19,2017

The announcement was made after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was down 46.03 points, or 0.16% to 29,273.07.

On the BSE, 22,000 shares were traded in the counter so far, compared with average daily volumes of 25,400 shares in the past one quarter. The stock had hit a high of Rs 93.80 and a low of Rs 89.60 so far during the day. The stock hit a 52-week high of Rs 108.80 on 13 July 2016. The stock hit a 52-week low of Rs 48.70 on 22 November 2016.

The stock had outperformed the market over the past one month till 18 April 2017, rising 48.50% compared with 0.68% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 59.93% as against Sensexs 7.56% rise.

The small-cap company has equity capital of Rs 7.33 crore. Face value per share is Rs 2.

Prime Minister Narendra Modi along with Vijay Rupani, chief minister of Gujarat inaugurated the completion of Phase-I of Saurashtra Narmada Avtran Irrigation (SAUNI) Yojana project in Botad, Gujarat by formally releasing Narmada water in Krushna Sagar dam.

The project envisage to divert one million acre feet (1 MAF) water of Narmada Dam to Saurashtra to distribute it to 115 reservoirs through 1115 kilometer long network of giant pipelines to irrigate 1.8 million hectare of land, mainly in Saurashtra, Kutch and north Gujarat regions, benefiting millions of farmers. It will also supply irrigation water to 2.46 lakh hectares in drought-prone Barmer and Jalore districts in Rajasthan and some parts of Maharashtra apart from generating hydropower. This project has also solved the drinking water scarcity of 132 towns and 11,456 villages in the Saurashtra, Kutch, North Gujarat, Panchmahal and Ahmedabad regions. About 1,650 MLD of potable water is supplied to 39 million people across these regions and along with good agriculture produce; it is boosting the economy of the state.

SPML Infras net profit rose 388.5% to Rs 1.27 crore on 90.1% growth in net sales to Rs 426.40 in Q3 December 2016 over Q3 December 2015.

SPML Infra is an infrastructure development company.

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Uttrakhand needs 4 lakh skilled workers in next five years: study
Apr 19,2017

Industries in Uttrakhand are grappling with huge shortage of skilled manpower and to meet the requirement ASSOCHAM-TARI study has recommended urgently a comprehensive training centres equipped with better infrastructure facilities for training so that in 5 years about 4 lakh workers are trained to give thrust to the industrialisation.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Thought Arbitrage Research Institute (TARI) have jointly brought a Sustainable Action Plan for the new government.

During 2012-22, about 2.06 million jobs will be created whereas 2.53 million additional people will be added to the labour force. The paper further suggests the comprehensive training to youths for the primary sector like irrigation management, rainwater harvesting needed, noted the study.

The report further stressed that the skilling centres should be set up, like food processing in Rishikesh, handloom in Almora and tourism in Uttarkashi. n++Management Information System (MIS) should be designed to capture the requirement of skilled personnel at various levels in various districts in line with NSDC study/ recommendationsn++.

The state needs to build up a database for current level of migration, employment, agri processing industries, urban housing, telecom etc. There is a need for fresh policies in the areas of health, education, skilling and water management.

n++Collaboration between the state government and state universities, research institutes and public and private think tanks too is necessary for economic research and reworking of policy frameworksn++.

Higher growth has encouraged private sector participation and higher investment. In 2015-16, it received fresh investment of Rs 1.45 lakh crore with a growth rate of 23.7% over the previous year. Most of the investment has come into infrastructure, construction and real estate. The share of investment in infrastructure has increased from 11.8% in 2004-05 to 27.5% in 2015-16. Construction and real estate investment share increased from negligible in 2004-05 to 3.9% in 2015-16.

The industry sector is dominated by small scale industries (SSIs). During 2011-12 to 2014-15, SSIs grew by 18.5%. The sector comprises of floriculture, horticulture, agri/food processing, biotechnology and tourism and has been showing continuous improvement. However, the full potential of these industries has not been exploited due to various bottlenecks which have been addressed below.

The growth in the services sector is driven by tourism (depicted by trade, hotels and restaurants) which has the highest share in this sector. Its growth, in fact, accelerated during 2004-5 to 2014-15 and its share increased from around 34% in 2004-05 to 51% in 2014-15. Growth rate of this sector has been around 17%.

While addressing the press conference Mr. Jajodia said, n++A comprehensive policy of public private partnership (PPP) needs to be framed along the lines of Kerala, which has brought private investment and done wonders to promote tourismn++.

According to the ASSOCHAM paper, more investment is needed in building warehouses, cold storages and specialized transport vehicles for food processing industries. More private sector participation should be encouraged to build tourist infrastructure.

Lack of modern techniques and technologies, lack of high quality seeds for crops suitable for rain-fed and hill areas, small and fragmented land holdings, high taxes on purchase of food grains and lack of sufficient marketing facilities are hampering growth. The state needs to invest more in research and development of high quality seeds, application of new and innovative technologies and provide training to farmers. Village adoption programme which provides for farmers training and technological assistance in the plains should be expanded to hilly areas, added ASSOCHAM Chief.

The concept of cooperatives, contract farming, self-help groups and farmers organisation are helpful in addressing the problems arising out of small and fragmented land holding, like access to credit and innovative technologies.

The report said the industrial sector has done well, particularly the rural and small industrial units have grown by leaps and bounds and the sector now contributes around 40% to the GSDP - one of the highest in India. However, there is a huge potential for the expansion of agri-based industries which needs to be harnessed by improving marketing facilities and skilling. The ease of doing business ranking has improved but complex documentation, lack of IT-based tracking and monitoring of administrative clearances act as disincentives and need to be addressed.

Micro-credit institutions and SHGs need to be promoted to provide credit to women to set up their own small business in hill areas. To generate more employment in the informal sector, agriculture growth should be supported with storage, warehousing and marketing facilities and more emphasis should be put on vertical integration of labour intensive industries - like apparel industries should be motivated to integrate button and cuff making units etc. to generate employment in such micro sectors.

The state should make efforts to promote other forms like adventure and eco-tourism by setting safety standards for adventure sports and implementing and expanding the scope of Uttarkhand Homestay Agenda for Uttarakhand Government 2017 Policy formulated. The state also needs to provide skilling in foreign languages as the inflow foreign tourists has been steadily going up.

The states Char Dhaam highway connectivity is a good model to follow in the rest of the hill areas. Power supply in hills is particularly worrisome as it is skewed in favour of the plains. AT&C losses are high. Efforts should be made in setting up small, mini and micro hydropower generation plants and revival of 15,000 water mills lying defunct. Besides, electricity generation through pine gasification is still in the pipeline.

Financial inclusion needs to be strengthened to overcome regional disparities and low index of financial inclusion. The state would do well to take advantage of the central government sponsored slum redevelopment and urban renewal programmes to overcome such problems. The state needs to launch a full-fledged programme of training local bodies to make city sanitation and promote MFIs and Business Correspondents (BCs) to take financial inclusion to remote areas.

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Nalco tumbles as Govt to offload stake via OFS
Apr 19,2017

Meanwhile, the S&P BSE Sensex was down 15.64 points or 0.05% at 29,303.46.

On the BSE, 4.07 lakh shares were traded on the counter so far as against the average daily volumes of 3.81 lakh shares in the past one quarter. The stock had hit a high of Rs 69.30 and a low of Rs 68.30 so far during the day.

The stock had hit a 52-week high of Rs 79.85 on 7 March 2017 and a 52-week low of Rs 40.25 on 20 May 2016. It had outperformed the market over the past one month till 18 April 2017, sliding 0.41% compared with the Sensexs 1.11% fall. The scrip had, however, underperformed the market over the past one quarter, advancing 1.38% as against the Sensexs 7.56% rise.

The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.

National Aluminium Companys (Nalco) promoter, the Government of India (GoI) is selling up to 9.66 crore equity shares of the company, representing 5% stake with an additional option to sell up to 5% stake in the company in two trading sessions via offer for sale (OFS). The OFS for non-retail investors started today, 19 April 2017 and for retail investors and non-retail investors who choose to carry forward their un-allotted bids, the OFS takes place tomorrow, 20 April 2017. The two-day OFS takes place through a separate, designated window on the stock exchanges.

The GoI held 74.58% stake in Nalco as per the shareholding pattern as on 31 March 2017.

The floor price for the OFS was fixed at Rs 67 per share. Retail investors will be allocated offer shares at a discount of 5% to the cut off price. The floor price is at a discount of 8.78% compared to the stocks closing price of Rs 73.45 yesterday, 18 April 2017.

Nalcos net profit declined 2.7% to Rs 143.92 crore on 13.9% growth in net sales to Rs 1963.81 crore in Q3 December 2016 over Q3 December 2015.

State-run Nalco has integrated and diversified operations in mining, metal and power.

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NBCC (India) gains after good business in March 2017
Apr 19,2017

The announcement was made after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was up 11.06 points, or 0.04% to 29,330.16.

On the BSE, 40,000 shares were traded in the counter so far, compared with average daily volumes of 2.46 lakh shares in the past one quarter. The stock had hit a high of Rs 184.90 and a low of Rs 182.75 so far during the day.

The stock hit a record high of Rs 199.57 on 5 October 2016. The stock hit a 52-week low of Rs 117.73 on 24 June 2016.

The stock had outperformed the market over the past one month till 18 April 2017, rising 2.81% compared with 0.68% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.83% as against Sensexs 7.56% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

In a separate announcement after market hours yesterday, 18 April 2017, the company announced that it signed memorandum of business exploration on 17 April 2017 with BOLIX SA, Poland for joint cooperation to promote external thermal insulation and composite system (ETICS) for construction of energy efficient and environment friendly green buildings.

On a consolidated basis, NBCC (India)s net profit rose 15.9% to Rs 64.42 crore on 4% increase in net sales to Rs 1413.77 crore in Q3 December 2016 over Q3 December 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 22 February 2017).

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IndusInd Bank to raise Rs 1000 crore
Apr 19,2017

IndusInd Bank announced that the Finance Committee of the Board has, in its meeting held on 18 April 2017, approved the allotment of 10,000 Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakh each for cash aggregating to Rs.1,000 crore on Private Placement basis. The aforesaid Bonds will be issued in dematerialised form and will be listed on the Wholesale Debt Market (WDM) segment of National Stock Exchange of India.

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Glenmark Pharmaceuticals receives tentative approval for Dabigatran Etexilate Capsules
Apr 19,2017

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been grantedtentative approval by the United States Food & Drug Administration (U.S. FDA) for Dabigatran Etexilate Capsules, 75 mg, 110 mg and 150 mg, the generic version of Pradaxan++ Capsules, 75 mg, 110 mg and 150 mg of Boehringer Ingelheim Pharmaceuticals, Inc.

According to IMS Health sales data for the 12 month period ending February 2017, the Pradaxan++ Capsules, 75 mg, 110 mg and 150 mg market1 achieved annual sales of approximately $913 million.

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TCS declines after weak Q4 results
Apr 19,2017

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was down 10.98 points or 0.04% at 29,308.12.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 99,226 shares in the past one quarter. The stock had hit a high of Rs 2,285 and a low of Rs 2,255 so far during the day.

The stock had hit a 52-week high of Rs 2,740 on 16 August 2016 and a 52-week low of Rs 2054.70 on 15 November 2016. It had underperformed the market over the past one month till 18 April 2017, sliding 8.64% compared with the Sensexs 1.11% fall. The scrip had also underperformed the market over the past one quarter, advancing 0.59% as against the Sensexs 7.56% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

Commenting on the companys performance in FY 2017, Rajesh Gopinathan, CEO and MD, TCS, said, FY17 was a year of broad-based growth amidst economic and political turbulence in the companys key markets. The company has added $1.4 billion dollars in constant currency revenues during the year and increased its digital revenues sharply as it helped its customers leverage the digital economy, he said.

Gopinathan added that on the back of digital adoption, Agile, Automation and Cloud are the themes that the company is going to market to drive efficiencies and predictable outcomes across its clients infrastructure, applications and business operations.

V. Ramakrishnan, Chief Financial Officer, TCS, said, despite headwinds from currencies, the company has ended FY 2017 with an industry-leading financial performance while generating strong cash flows. It continues to invest to support organic growth of its digital business, build new market segments and drive profitability in its targeted range, he said.

TCS consolidated net profit rose 8.6% to Rs 26289 crore on 8.6% growth in revenue to Rs 117966 crore in FY 2017 over FY 2016.

TCS board approved final dividend of Rs 27.50 per share for the year ended 31 March 2017 (FY 2017).

TCS is an IT services, consulting and business solutions organization.

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Indian Nutraceuticals industry to touch US$ 8.5 billion by 2022: study
Apr 19,2017

Indian nutraceuticals market is expected to cross from a value of US$ 2.8 Billion in 2015 to a value of US$ 8.5 Billion by 2022, according to the joint study brought out by ASSOCHAM and RNCOS.

In 2015, India accounted for a share of around 2% of the global market. By 2022, this share is anticipated to increase to a value of approximately 3% owing to countrys large population base, increasing urban belt and awareness, according to a study on Indian Nutraceuticals, Herbals, and Functional Foods Industry, jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and RNCOS.

The overall market is classified into Dietary Supplements and Functional Food & Beverages, with the former estimated to occupy the larger chunk of around 65% in 2015. Functional food & beverages are expected to grow with a higher growth rate. This is due to the increasing visibility of such products in modern retail formats and promotional activities through TV advertisements.

In 2015, the Indian dietary supplements market was valued at US$ 1.8 Billion. However, with growing awareness, number of people opting for dietary supplements on their own has also increased. Higher purchasing power has prompted Indians to be more health conscious and adopt a healthy diet routine completed with consumption of nutritional supplements, said Mr. D S Rawat, Secretary General ASSOCHAM.

The demand for the vitamin and mineral supplements may increase in the future due to the unhealthy eating habits and stress in daily lifestyle. People may benefit from the extra nutrients found in these supplements. A multivitamin and mineral supplement will help in safeguarding against periodic nutrient shortfalls in the diet. Due to these reasons the vitamin and mineral market in India is anticipated to grow in the coming years and reach a value of US$ 2.1 Billion by 2022, adds the study.

Herbal supplements are type of dietary supplements that contain herbs plant or parts of a plant. These plants or plant parts are used for their scent, flavour or potential therapeutic properties. The flowers, leaves, bark, fruit, seeds, stems, and roots of a plant are used either singly or in mixtures. However, some herbs can cause serious health issues if they are not taken without prior consultation. Therefore, it is best to take herbal supplements under the guidance of a medical professional.

In 2015, the market for herbal supplements was at an approximate value of US$ 0.6 Billion in India. Owing to their natural ingredients and popularity among people, this market is forecasted to reach a value of US$ 1.7 Billion by 2022, noted the study.

Functional foods and beverages market in India has strengthened itself, fostered by its rising penetration amongst health conscious people in the country. Functional foods include food products such as functional biscuits, breads, cereals, vegetable oil, nutrition bars, yogurt and others. Functional beverages include functional fruits juices, milk, tea, coffees, and energy drinks. Rising knowledge about wellness and health along with inclining expenditure on food has increased the number of consumers accepting functional foods & beverages. This is propelling the growth of the functional foods and beverages market to reach a value of US$ 3.2 Billion by 2022.

Additionally, protein drinks have also showcased an increasing demand from a segment of people searching for weight management solutions while maintaining a sound lifestyle. Functional teas and coffees are slowly capturing the demand in the country.

The Indian Functional Foods and Beverages market can be segmented into Functional Foods Market and Functional Beverages Market. Among the two, functional foods occupy the major share of 70%. However, convenience, availability of innovative products and health benefits associated with functional beverages are the leading factors influencing the growth of this market.

Functional foods are food products that consist of vital nutrients that go beyond simply nurturing usual growth and development of an individual. These food products are fortified with nutritional and disease preventing qualities. The consumption of such food is done with an intention towards improved wellbeing, prolonged existence and prevention of chronic diseases. The functional foods available in the market include the likes of oats, soy, flaxseed, nutrition bars, probiotic yogurt, fortified baked goods, and fortified edible oils. The market for functional foods was valued at US$ 0.7 Billion in 2015. This market is forecasted to grow to an approximate value of US$ 2 Billion by 2022 owing to the increasing health consciousness of people and their awareness about availability of such products.

A functional beverage is an emerging segment of the Indian nutraceuticals industry that was valued at US$ 0.3 Billion in 2015. Functional beverages, like Yakult, Ocean, Gatorade, are available in the form of energy drinks, vitamin water, fortified milk and buttermilk, and enhanced iced tea, among others. Various companies, including Danone, Dabur, PepsiCo, Coca-Cola, Amul, Britannia and Rasna, are introducing innovative beverages with enhanced nutritional value in order to woo the health conscious Indian consumers. The market for this type of beverages is forecasted to reach an approximate value of US$ 1.1 Billion by 2022. This exponential growth will be majorly due to the erratic eating habits of people and their efforts to make-up for the lost nutrients with the help of these easy-to-consume fortified beverages.

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TCS in focus after announcing Q4 results
Apr 19,2017

TCS consolidated net profit as per international financial reporting standards (IFRS) fell 2.5% to Rs 6608 crore on 0.3% decline in revenues to Rs 29642 crore in Q4 March 2017 over Q3 December 2016. The board has approved final dividend of Rs 27.50 per share for the year ended 31 March 2017. The announcement was made after market hours yesterday, 18 April 2017.

Zee Entertainment Enterprises said that it has completed transaction of acquisition of 80% equity stake in Mango Networks (Mango). Mango has allotted 40,000 shares to the company. Upon such allotment, the company holds 80% stake in Mango and consequently Mango haS become a subsidiary of the company. The announcement was made after market hours yesterday, 18 April 2017.

IndusInd Bank said that the Finance Committee of the Board at its meeting held yesterday, 18 April 2017, approved the allotment of Basel III-compliant bonds in the nature of debentures aggregating Rs 1000 crore on private placement basis, towards non-equity regulatory Additional Tier I Capital (AT1 Bonds). The announcement was made after market hours yesterday, 18 April 2017.

Coal India issued clarification to the stock exchanges with respect to news appeared in media on 17 April 2017 titled 177 mines of Coal India downgraded on quality concernsn++. The company said that coal is a heterogeneous mineral, susceptible to qualitative variation particularly in Indian context because of its origin and formation. As per earlier practice, annual declaration of grade proposed by coal companies on the basis of own sample collection and analysis at government accredited laboratories, which was being approved by Coal Controller in due course.

As per statutory provisions, subject of maintenance of grades requires monitoring which is vested with Coal Controller Organization (CCO). Annual declaration of grades is a routine exercise, being carried out by coal companies as per directives and methodology prescribed by CCO, Coal India said. During FY16-17, 52 mines/seams were regarded. Again, during reassessment another 22 mines were regarded, the company said.

During FY17-18, as per directives of government, Coal Controller announced new methodology for declaration of grade. Under revised methodology, sampling and analysis of different seams/loading points was carried out through academic institutions and based on their results, CCO finalized the grades, Coal India said.

Independent certification of coal grade through CC0 and analysis through CIMFR will help Coal India to achieve consumers confidence and satisfaction besides less slippages in future, the company said. Re-calibration of entire grading methodology is also going to help government in its mission to make cheap power available to common person, it added. The announcement was made after market hours yesterday, 18 April 2017.

NBCC (India) said it has secured the total business of Rs 1877 crore in March 2017. The announcement was made after market hours yesterday, 18 April 2017.

SPML Infra said that Prime Minister Narendra Modi along with Vijay Rupani, Chief minister of Gujarat inaugurated the completion of Phase-I of SPML Infra Project - Saurashtra Narmada Avtran Irrigation (SAUNI Yojana) on 18 April 2017 in Botad, Gujarat by formally releasing Narmada water in Krushna Sagar dam.

SPML Infra has substantially completed an important irrigation project- SAUNI Yojana. The announcement was made after market hours yesterday, 18 April 2017.

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Edelweiss Financial Services allots 11,33,100 equity shares
Apr 18,2017

Edelweiss Financial Services has allotted 11,33,100 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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