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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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State Bank of India fixes issue price of Preferential Issue
Nov 25,2016

The Capital Raising Committee of State Bank of India on 24th November 2016 have fixed Rs 269.59 per share of face value of Re 1 each, including a premium of Rs.268.59 per share as the issue price for the issue of 21,07,27,400 equity shares of the Bank on preferential basis to the Government of India.

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Yes Bank gains after partnering GSRTC to digitize bus travel payments
Nov 25,2016

The announcement was made after market hours yesterday, 24 November 2016.

Meanwhile, the BSE Sensex was up 56.36 points, or 0.22%, to 25,916.53.

On BSE, so far 10,000 shares were traded in the counter, compared with average daily volume of 3.21 lakh shares in the past one quarter. The stock hit a high of Rs 1,132.25 and a low of Rs 1,124.05 so far during the day. The stock hit a record high of Rs 1,450 on 7 September 2016. The stock hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had underperformed the market over the past 30 days till 24 November 2016, falling 13.21% compared with the 7.10% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.66% as against Sensexs 6.92% decline.

The large-cap private sector bank has equity capital of Rs 422.65 crore. Face value per share is Rs 10.

Yes Bank announced that it has partnered with the Gujarat State Road Transport Corporation (GSRTC) to digitize payments of bus tickets for its customers. Under the partnership, Yes Bank will install over 125 PoS (point-of-sale) terminals to facilitate booking of tickets through credit and debit cards at all the GSRTC bus depots. Yes Bank is already live with 50 terminals as on date and will achieve a number of 125 in the next couple of weeks as part of the first phase of implementation.

Yes Bank reported 31.31% rise in net profit to Rs 801.54 crore on 24.7% rise in operating income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

Yes Bank is one of the leading private sector banks in India.

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Yes Bank will be watched on partnering GSRTC to digitize bus travel payments
Nov 25,2016

Yes Bank announced that it has partnered with the Gujarat State Road Transport Corporation (GSRTC) to digitize payments of bus tickets for its customers. Under the partnership, Yes Bank will install over 125 PoS (point-of-sale) terminals to facilitate booking of tickets through credit and debit cards at all the GSRTC bus depots. Yes Bank is already live with 50 terminals as on date and will achieve a number of 125 in the next couple of weeks as part of the first phase of implementation. The announcement was made after market hours yesterday, 24 November 2016.

Union Bank of India said it issued 7,500 redeemable, unsecured subordinated basel III compliant Tier II bonds eligible for inclusion in Tier 2 capital. The bonds were issued on 24 November 2016 at face value of Rs 10 each each, aggregating to Rs 750 crore. The announcement was made after market hours yesterday, 24 November 2016.

Wipro announced that it has completed the acquisition of Appirio on 23 November 2016. As mentioned in the media presentation submitted as part of results for the quarter ended 30 September 2016, impact of the Appirio acquisition is expected to reflect in the financials of Wipro for the quarter ending 31 December 2016, the company said. The announcement was made after market hours yesterday, 24 November 2016.

Sunil Hitech Engineers announced that it has fixed 3 December 2016 as record date for 10-for-1 stock split and fully paid up bonus equity shares of face value of Re 1 each in the proportion of one bonus equity share for every one equity share of face value of Re 1 (i.e. as adjusted for stock split). The announcement was made after market hours yesterday, 24 November 2016.

Bata India, BEML and Spicejet are among few prominent companies which are scheduled to announce the results for the quarter ended 30 September 2016 today, 25 November 2016.

Jagran Prakashan announced that board of directors of the companys subsidiary, Music Broadcast (MBL), approved an initial public offer (IPO). The IPO will comprise of a fresh issue of upto Rs 400 crore and an offer for sale by existing shareholders. MBL has sent has sent a letter of transmittal to its shareholders seeking their participation in the offer for sale for the sale portion of the IPO. The announcement was made after market hours yesterday, 24 November 2016.

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Sunil Hitech Engineers fixes record date for stock split & bonus issue
Nov 24,2016

Sunil Hitech Engineers announced that the Board of Directors of the Company has, by way of passing a resolution by Circulation on 23 November 2016, fixed 03 December 2016 (End of Day) as the record date for determining members eligible to receive:

a. Equity shares of face value of Re.1/- each upon sub-division of equity shares of the Company of face value of Rs.10/- each, and

b. Fully paid up bonus equity shares of face value of Re. 1/- each in the proportion of one bonus equity share for every one equity share of face value of Re. 1/- (i.e. as adjusted for sub division of equity shares).

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LED Bulbs procurement price drops to Rs 38 per unit
Nov 24,2016

The procurement price of LED Bulbs is reduced from Rs 310 per unit in February 2014 to Rs 38 per unit in August 2016 due to the aggregation of demand and bulk procurement. This amounts to reduction of about 88% in procurement prices.

17.89 crore bulbs have been distributed by Energy Efficiency Services Limited ( EESL)  under Domestic Efficient Lighting Programme (DELP) and 14.45 lakh street lights have been replaced by LED bulbs under Street Light National Programme (SLNP) as on 21st November 2016.

Progress of Implementation of National LED Programme as on 21.11.2016 is given below :-

Parameters

DELP

SLNP

Total number of bulbs/street lights replaced

17.89 crores

14.45 lakhs

Avoided capacity generation

4649 MW

47.69 MW

Energy saved

23.2 billion kWh/year

512959 kWh/day

Reduction in carbon foot print

18.8 million tonnes CO2 / year

435 tonnes CO2  /day

Prime Minister Shri Narendra Modi launched the National LED programme on 5th January, 2015. The programme is being implemented by Energy Efficiency Services Limited (EESL), a joint venture company of Public Sector Undertakings (PSUs) under the Ministry of Power. Two initiatives, viz., Domestic Efficient Lighting Programme (DELP) and Street Light National Programme (SLNP), have been initiated under this programme, wherein household lighting and street lights respectively are replaced with LEDs. EESL has developed an innovative business model in which the entire investment in these programmes is made by it and the investment is paid back over a time from energy savings. This obviates a need for any Government funding for this programme.

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Manpasand Beverages standalone net profit rises 24.37% in the September 2016 quarter
Nov 24,2016

Net profit of Manpasand Beverages rose 24.37% to Rs 5.41 crore in the quarter ended September 2016 as against Rs 4.35 crore during the previous quarter ended September 2015. Sales rose 33.52% to Rs 99.93 crore in the quarter ended September 2016 as against Rs 74.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales99.9374.84 34 OPM %22.2621.29 - PBDT23.1718.39 26 PBT6.074.91 24 NP5.414.35 24

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Aditya Birla Fashion & Retail standalone net profit rises 6.97% in the September 2016 quarter
Nov 24,2016

Net profit of Aditya Birla Fashion & Retail rose 6.97% to Rs 64.89 crore in the quarter ended September 2016 as against Rs 60.66 crore during the previous quarter ended September 2015. Sales rose 12.61% to Rs 1866.21 crore in the quarter ended September 2016 as against Rs 1657.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1866.211657.27 13 OPM %8.839.51 - PBDT124.81120.10 4 PBT64.8960.66 7 NP64.8960.66 7

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Bluechip Tex Industries standalone net profit declines 4.71% in the September 2016 quarter
Nov 24,2016

Net profit of Bluechip Tex Industries declined 4.71% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 0.85 crore during the previous quarter ended September 2015. Sales rose 6.98% to Rs 37.39 crore in the quarter ended September 2016 as against Rs 34.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.3934.95 7 OPM %5.304.58 - PBDT1.551.47 5 PBT1.231.15 7 NP0.810.85 -5

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Samyak International standalone net profit declines 33.33% in the September 2016 quarter
Nov 24,2016

Net profit of Samyak International declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 24.94% to Rs 5.06 crore in the quarter ended September 2016 as against Rs 4.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.064.05 25 OPM %0.790.99 - PBDT0.040.04 0 PBT0.020.03 -33 NP0.020.03 -33

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Orient Green Power Company reports standalone net loss of Rs 14.62 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Orient Green Power Company reported to Rs 14.62 crore in the quarter ended September 2016 as against net loss of Rs 51.03 crore during the previous quarter ended September 2015. Sales declined 70.42% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.210.71 -70 OPM %-3185.71-1792.96 - PBDT-9.56-14.84 36 PBT-13.04-18.53 30 NP-14.62-51.03 71

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Samyak International reports consolidated net profit of Rs 0.04 crore in the September 2016 quarter
Nov 24,2016

Net profit of Samyak International remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 4.43% to Rs 5.66 crore in the quarter ended September 2016 as against Rs 5.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.665.42 4 OPM %1.411.29 - PBDT0.080.07 14 PBT0.040.04 0 NP0.040.04 0

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Orient Green Power Company reports consolidated net profit of Rs 82.88 crore in the September 2016 quarter
Nov 24,2016

Net profit of Orient Green Power Company reported to Rs 82.88 crore in the quarter ended September 2016 as against net loss of Rs 21.32 crore during the previous quarter ended September 2015. Sales rose 11.62% to Rs 154.81 crore in the quarter ended September 2016 as against Rs 138.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales154.81138.69 12 OPM %90.2584.22 - PBDT80.1650.13 60 PBT38.486.39 502 NP82.88-21.32 LP

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Use of Alternate Material for Construction of National Highway
Nov 24,2016

The Ministry of Road Transport and highways encourages the use of alternative materials like waste plastic, rubber/polymer modified bitumen for National Highways construction, Municipal Solid Waste (MSW), fly ash and blast furnace slag etc. It is default mode to use waste plastic modified bitumen in periodical renewals on National Highways within 50 km periphery of urban areas having population more than five lakhs. Polymer/rubber modified bitumen is used for surfacing on National Highways subject to its availability and performance.

Solid waste is planned to be used on Delhi-Meerut Expressway after due processing and necessary clearances. Preliminary study was carried by the National Highways Authority of India (NHAI) through Central Road Research Institute (CRRI) at Ghazipur Dump Yard, East Delhi. The report submitted by CRRI found that suitable material from MSW can be processed for its use in construction of embankment..

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Rupee sags to touch record low
Nov 24,2016

Rupee closed lower at 68.7179/7330 per dollar on Thursday (24 November 2016), versus its previous close of 68.56/57 per dollar.

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CSIR Laboratories Instructed to Avoid Filing of Patents Without Appropriate Techno-Commercial Evaluation
Nov 24,2016

Council of Scientific and Industrial Research (CSIR) has sent out a message to all its laboratories to avoid filing of patents without appropriate techno-commercial evaluation.

In order to align the IP strategy of CSIR with the priorities of socio-economic development including escalating costs of patent filings, this message was sent to exercise utmost due diligence in filing of patents.

CSIR has taken following steps to put in place an appropriate system:

(i) Establishment of IP Directorate at CSIR to analyze IP (Intellectual Property) life cycle from generation to exploitation.

(ii) Preparation of standard operating procedures (SOP) and guidelines for evaluation of inventions in alignment with National IPR Policy.

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