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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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V I P Industries standalone net profit rises 4.21% in the September 2016 quarter
Nov 11,2016

Net profit of V I P Industries rose 4.21% to Rs 16.32 crore in the quarter ended September 2016 as against Rs 15.66 crore during the previous quarter ended September 2015. Sales declined 3.32% to Rs 284.88 crore in the quarter ended September 2016 as against Rs 294.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales284.88294.67 -3 OPM %8.348.51 - PBDT26.6025.02 6 PBT23.8922.01 9 NP16.3215.66 4

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Inventure Growth & Securities reports consolidated net profit of Rs 0.02 crore in the September 2016 quarter
Nov 11,2016

Net profit of Inventure Growth & Securities reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 4.68 crore during the previous quarter ended September 2015. Sales rose 7.72% to Rs 5.30 crore in the quarter ended September 2016 as against Rs 4.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.304.92 8 OPM %130.94-82.72 - PBDT7.05-4.22 LP PBT6.81-4.47 LP NP0.02-4.68 LP

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Apollo Hospitals slides after reporting marginal rise in profitability in Q2
Nov 11,2016

The result was announced during market hours today, 11 November 2016.

Meanwhile, the S&P BSE Sensex was down 723.39 points or 2.63% at 26,794.29.

On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 12,000 shares in the past two weeks. The stock hit a high of Rs 1,315 and a low of Rs 1,261.80 so far during the day. The stock had hit a 52-week low of Rs 1,212 on 9 November 2016. The stock had hit a record high of Rs 1,544 on 2 March 2016.

The large-cap company has equity capital of Rs 69.56 crore. Face value per share is Rs 5.

Apollo Hospitals is one of Asias largest healthcare groups.

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China Stocks gain to fresh 10-months high
Nov 11,2016

Mainland China stock market closed at fresh 10-months high on Friday, 11 November 2016, on tracking gains in global market, supported by hopes for U.S. policies under U.S. President-elect Donald Trump. All major sectors gained, led by metal producers and construction companies. The benchmark Shanghai Composite Index grew 0.78% to close at 3,196.04 points, taking its advance from its Jan. 28 low to more than 20 percent. The CSI 300 index closed marginal 0.01% down at 3,390.25 points.

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V I P Industries consolidated net profit rises 4.57% in the September 2016 quarter
Nov 11,2016

Net profit of V I P Industries rose 4.57% to Rs 18.29 crore in the quarter ended September 2016 as against Rs 17.49 crore during the previous quarter ended September 2015. Sales declined 3.32% to Rs 284.88 crore in the quarter ended September 2016 as against Rs 294.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales284.88294.67 -3 OPM %9.229.31 - PBDT29.1127.37 6 PBT25.8623.84 8 NP18.2917.49 5

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Nikkei extends gain on softer yen
Nov 11,2016

The Japan share market inclined for second straight session on Friday, 11 November 2016, supported by yen depreciation to mid 106-level against greenback and hopes Trump administration will boost spending and spur U.S. economic growth. 18 out of 33 TSE industry categories closed in positive territory, led by Insurance, Banks, Nonferrous Metals, Securities & Commodities Futures, and Iron & Steel stocks, while Information & Communication, Fishery, Agriculture & Forestry, Retail Trade, and Electric Power & Gas were notable losers. The 225-issue Nikkei Stock Average rose 30.37 points, or 0.18%, to 17,374.79, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange jumped 1.93 points, or 0.14%, to end at 1,378.28.

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Australia Stocks incline for second straight day
Nov 11,2016

Australian share market inclined for second successive session on Friday, 11 November 2016, on the back positive lead from Wall Street overnight and jump in commodity prices including iron ore. Most sectors on the ASX closed higher, with financial, materials, and energy sectors registering the biggest gains. At the closing bell, the benchmark S&P/ASX 200 index inclined 41.90 points, or 0.79%, to 5,370.70, while the broader All Ordinaries index increased 37.70 points, or 0.7%, to 5,446.60.

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G V Films to announce September quarter results
Nov 11,2016

G V Films announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to transact the following;

- To consider and approve the Unaudited Financial Results of the Company for quarter ended 30 September 2016.

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G V Films to announce September quarter results
Nov 11,2016

G V Films announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to transact the following;

- To consider and approve the Unaudited Financial Results of the Company for quarter ended 30 September 2016.

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Ipca Laboratories nudges up after posting stellar Q2 results
Nov 11,2016

The result was announced during market hours today, 11 November 2016.

Meanwhile, the S&P BSE Sensex was down 632.94 points or 2.3% at 26,884.74.

High volumes were witnessed on the counter. On BSE, so far 1.05 lakh shares were traded in the counter as against average daily volume of 34,209 shares in the past one quarter. The stock hit a high of Rs 618 and low of Rs 575 so far during the day. The stock had hit a 52-week high of Rs 888 on 19 August 2015. The stock had hit a 52-week low of Rs 402 on 6 June 2016. The stock underperformed the market over the past one month till 10 November 2016, declining 4.47% compared with 2.01% fall in the Sensex. The scrip however outperformed the market in past one quarter, gaining 17.96% as against Sensexs 0.93% fall.

The mid-cap company has equity capital of Rs 25.24 crore. Face value per share is Rs 2.

Ipca Laboratories earnings before interest, tax, depreciation and amortization (EBITDA) margin rose to 14.68% in Q2 September 2016 from 11.25% in Q2 September 2015. The companys Indian formulations income rose 23% to Rs 404.36 crore in Q2 September 2016 over Q2 September 2015. Exports income rose 10% to Rs 410.34 crore in Q2 September 2016 over Q2 September 2015.

Ipca Laboratories is vertically integrated and produces finished dosage forms and active pharmaceuticals ingredients.

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Board of Noida Medicare Centre to consider September quarter results
Nov 11,2016

Noida Medicare Centre announced that the Board Meeting of the Company will be held on 14 November 2016, to consider and take on record Unaudited Financial Results for the quarter and six months ended on 30 September 2016.

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Repro India appoints director
Nov 11,2016

Repro India announced that the Board of Directors of the Company in their meeting held on 11 November 2016, have appointed Ms. Bhumika Batra as an Additional Director (Non-Executive Independent Director) on the Board of the Company w.e.f. 11 November 2016.

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Infosys announces investment in TidalScale
Nov 11,2016

Infosys announced that it has made an investment in TidalScale,a pioneer in Software-Defined Servers that simplify the way companies can apply computing resources to tackle big problems. The investment will be completed on or before 24 November 2016.

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Board of Mahindra & Mahindra approves change in directorate
Nov 11,2016

Mahindra & Mahindra announced that the recommendation of the Governance, Nomination and Remuneration Committee, the Board of Directors of the Company at its Meeting held on 11 November 2016, has

1. Designated and appointed Anand Mahindra, who currently holds the position of Chairman and Managing Director, as Executive Chairman for a period of 5 (Five) years with effect from12 November 2016 upto and including 11 November 2021; subject to approval of the Shareholders;and

2. Appointed Pawan Goenka who currently holds the position of Executive Director and Group President (Auto and Farm Sector), as Managing Director for a period of 4 (Four) years from 12 November 2016 upto and including 11 November 2020; subject to approval of the Shareholders.

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Mahindra & Mahindra appoints director
Nov 11,2016

Mahindra & Mahindra announced that the Board of Directors of the Company at its Meeting held on 11 November 2016, has approved the appointment of T. N. Manoharan, as an Additional Director of the Company who would be an Independent Director, with effect from 11 November 2016.

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