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ONGC, Sun Pharma in focus after Q2 results
May 29,2017

ONGCs net profit fell 6.14% to Rs 4340.18 crore on 26.81% rise in total income to Rs 26233.56 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

ONGCs net profit rose 10.9% to Rs 17899.97 crore on 0.83% rise in total income to Rs 85455.85 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

On a consolidated basis, ONGCs net profit rose 63.94% to Rs 21478.34 crore on 5.57% rise in total income to Rs 152731.39 crore in FY 2017 over FY 2016.

In exploration segment, ONGC has achieved 35% rise in exploration performance in FY 2017 by making 23 discoveries, as against 17 discoveries in FY 2016. Of the 23 discoveries, 13 discoveries were made in onland (Nominaton-12, NELP-1) and 10 in offshore. (Nomination-7, NELP- 3). Out of 13 onland discoveries, 9 were monetized during the year itself having a potential of 0.218 MMTOE per year.

Sun Pharmaceuticals Industries consolidated net profit fell 16.67% to Rs 1385.57 crore on 6.35% fall in total income to Rs 7361.46 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Tech Mahindras consolidated net profit dropped 30.2% to Rs 589.69 crore on 0.26% rise in total income to Rs 7732.89 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Mahanagar Gas net profit rose 17.87% to Rs 99.47 crore on 2.57% rise in total income to Rs 538.28 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

DLF reported consolidated net profit of Rs 142.66 crore in Q4 March 2017 as compared with net loss of Rs 211.11 crore in Q4 March 2016. Total income fell 4.66% to Rs 2605.44 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

BPCL, Coal India, NTPC, L&T, Power Finance Corporation and Power Grid Corporation of India will announce their Q4 results today, 29 May 2017.

CG Power and Industrial Solutions said that the company has received an offer for acquisition of the companys power business in United States of America, comprised in its subsidiary, CG Power Systems USA Inc (PSUS). The announcement was made after market hours on Friday, 26 May 2017.

The board has at its meeting held on Friday, 26 May 2017 decided to divest the power business of PSUS for which the company and has constituted a committee to consider the offer and decide on the terms and conditions of acceptance of the offer and closure. The requisite shareholders approval is in place as part of the divestment of the overseas T&D business divestment. The board has mandated the committee to complete the process by 30 June 2017.

The proposed divestment is part of the companys stated strategy of geography / product-wise divestment with the objective of debt reduction and focusing on core operations and core market in India.

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Cipla may drop on weak Q4 results
May 26,2017

Cipla reported consolidated net loss of Rs 61.79 crore in Q4 March 2017 compared with loss of Rs 92.83 crore in Q4 March 2016. Total income rose 6.84% to Rs 3604.79 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 25 May 2017.

ITC, Tech Mahindra and Sun Pharmaceutical Industries will announce Q4 results today, 26 May 2017.

Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power company has successfully issued Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of Rs 500 crore on private placement basis. The announcement was made after market hours yesterday, 25 May 2017.

Infosys and HP Inc. yesterday, 25 May 2017 launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program. The announcement was made after market hours yesterday, 25 May 2017.

The joint RPOS solution offers a digital approach across the supply chain, enabling real-time collaboration between shoppers, retailers and vendors at the point of purchase, providing a true omnichannel experience. The joint Enterprise Device as a Service solution defines and delivers technologyenabled transformations that optimize how organizations acquire, manage and use devices with end-to-end services, enterprise applications, fleet reporting, analytics, insights and more.

TTK Prestige announced that the board of directors of the company in a meet on 30 May 2017 will consider share buyback. The announcement was made after market hours yesterday, 25 May 2017.

NMDCs net profit rose 11.5% to Rs 511.88 crore on 87.69% rise in total income from operations to Rs 2871.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 25 May 2017.

HeidelbergCement Indias net profit rose 49.25% to Rs 37.03 crore on 14.05% rise in total income to Rs 542.38 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 25 May 2017.

UPL and Sinagro Group, a Brazilian company in the state of Matto Grosso, comprising of (i) Sinagro Produtos Agropecun++rios S.A and (ii) 3SB Produtos Agrn++colas S.A. has obtained necessary approval for an agreement and has consequentially completed a transaction in terms of the agreement in which UPL through its step down wholly owned subsidiary has subscribed to additional 9% shares in Sinagro Group, so as to increase its interest in the Sinagro Group share capital from 40% to 49%. Sinagro Group based out of Primavera de Leste in the state of Mato Grosso, is one of the leading distributors of farm inputs in the Cerrado region of Brazil and is also in the business of agricultural production and trading of grains. The announcement was made after market hours yesterday, 25 May 2017.

Glenmark Pharmaceuticals Inc., USA has been grantedfinal approval by the United States Food & Drug Administration (USFDA) for Olmesartan Medoxomil Tablets, 5 mg, 20 mg and 40 mg, the generic version of Benicar Tablets, 5 mg, 20 mg and 40 mg, of Daiichi Sankyo, Inc. Glenmarks Olmesartan Medoxomil Tablets will be manufactured by Glenmark Pharmaceuticals in its manufacturing facility located in Goa, India.

According to IMS Health sales data for the 12 month period ended March 2017, the Benicar Tablets, 5 mg, 20 mg and 40 mg market achieved annual sales of approximately $950.0 million in US. The announcement was made before market hours today, 26 May 2017.

Mphasis and DXC Technology announced a new solution partner relationship to tranform and modernize enterprise applications for public, private and hybrid cloud. The announcement was made before market hours today, 26 May 2017.

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NHPC may gain on fund raising plans
May 25,2017

NHPC said that the companys board of directors in its meeting scheduled to be held on 30 May 2017 will consider the proposal for raising of Rs 1756 crore through issuance of W series corporate bonds on private placement basis. The proposed issue is out of Rs 4500 crore already approved by the shareholders in 40th Annual General Meeting held on 22 September 2016. The announcement was made after market hours yesterday, 24 May 2017.

Bosch, Cipla and Indian Oil Corporation will announce Q4 results today, 25 May 2017.

Shares of Bharti Airtel will be in focus. With respect to media reports titled Moodys revises Airtel rating outlook to negative from stable, Bharti Airtel clarified that Moodys Investors Service has affirmed its Baa3 issuer rating and senior unsecured debt ratings. Moodys has also affirmed the Baa3 ratings on the senior unsecured notes issued by Bharti Airtel International (Netherlands) B.V., which are irrevocably and unconditionally guaranteed by Bharti Airtel. At the same time, Moodys has changed the outlook on the ratings to negative from stable, Bharti Airtel said. The clarification was made after market hours yesterday, 24 May 2017.

Praj Industries consolidated net profit declined 40.75% to Rs 22.78 crore on 10.38% decrease in total income to Rs 315.72 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Jain Irrigation Systems consolidated net profit rose 23.96% to Rs 77.6 crore on 9.58% rise in revenue from operations to Rs 2286.5 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Kalpataru Power Transmission said that the executive committee of board of directors of the company approved issuance of listed rated unsecured redeemable taxable non-convertible debentures of Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 24 May 2017.

Gujarat Gas net profit fell 53.77% to Rs 33.14 crore on 1.75% rise in total income to Rs 1444.82 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 24 May 2017.

Indian Overseas Bank said that a meeting of committee of directors of the bank will be held on 29 May 2017 to consider and approve the raising of equity capital by way of preferential issue to the Government of India. The announcement was made after market hours yesterday, 24 May 2017.

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Tata Motors may drop after posting weak Q4 results
May 24,2017

Tata Motors consolidated net profit fell 16.79% to Rs 4336 crore on 2.86% fall in revenues to Rs 77272 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. Consolidated profit was lower due to translation impact from Pound to Indian Rupee.

Adani Ports & Special Economic Zone and Lupin will announce Q4 results today, 24 May 2017.

Karnataka Bank has entered into a distribution agreement to sell the mutual fund products of HDFC Capital Asset Management (HDFCAML). Mahabaleswara MS, Managing Director and Chief Executive Officer of Karnataka Bank said that investment in mutual funds will provide an opportunity to those customers who are uncomfortable in investing directly in stock markets. The announcement was made after market hours yesterday, 23 May 2017.

JB Chemicals & Pharmaceuticals net profit fell 16.6% to Rs 42.14 crore on 1.17% fall in total income to Rs 319.02 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Meanwhile, JB Chemicals & Pharmaceuticals board of directors has approved the buy-back of up to 12.50 lakh shares at Rs 400 per share for a total consideration not exceeding Rs 50 crore, through the tender offer route on a proportionate basis.

NCC reported 26.11% fall in net profit to Rs 63.71 crore on 13.54% rise in total income to Rs 2186.50 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017. The result was declared after market hours yesterday, 23 May 2017.

Sunteck Realty announced that a meeting of the board of directors of the company will be held on 8 June 2017, to consider stock split. The announcement was made before market hours today, 24 May 2017.

Himatsingka Seides net profit rose 31.91% to Rs 43.57 crore on 55.67% rise in net total revenue to Rs 404.05 crore in Q4 March 2017 over Q4 March 2016. The result was declared after market hours yesterday, 23 May 2017.

Redington India said that Redington Gulf FZE (RGF), a step down subsidiary of the company acquired additional 10% stake from shareholder of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus) for a consideration of $0.99 million. With this the total stake of RGF in Link plus is 90%.

Redington India had earlier announced that Redington Gulf FZE (RGF), acquired 70% and subsequently 10% stake in Linkplus. The announcement was made after market hours yesterday, 23 May 2017.

Cupids net profit rose 7% to Rs 4.92 crore on 1% rise in total operating income to Rs 18.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 23 May 2017.

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GAIL (India) may drop after posting weak Q4 results
May 23,2017

GAIL (India)s net profit dropped 68.74% to Rs 260.16 crore on 15.86% rise in total income to Rs 13674.09 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 22 May 2017.

The fall in bottomline was due to accounting of impairment of investments in Ratnagiri Gas and Power (RGPPL) of Rs 783 crore in Q4 March 2017. The net profit without the impact of impairment rose 25% to Rs 1043 crore in Q4 March 2017 over in Q4 March 2016.

Tata Motors unveils Q4 results today, 23 May 2017.

Brigade Enterprises consolidated net profit jumped 173% to Rs 82 crore on 11% rise in total revenues to Rs 561 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 22 May 2017.

Hinduja Global Solutions consolidated net profit fell 9.6% to Rs 42.7 crore on 1.7% fall in operating revenues to Rs 940 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours yesterday, 22 May 2017.

Seamec said that the charter for the vessel HAL SUPPORTER taken on charter basis from HAL for the contract with National Petroleum Construction Company has ended at 20:30 IST on 20 May 2017. The announcement was made after market hours yesterday, 22 May 2017.

Dwarikesh Sugar Industries has scheduled a board meeting on 2 June 2017, to consider the sub division of face value of equity shares of the company. The announcement was made after market hours yesterday, 22 May 2017.

MT Educare (MTEL) announced that it, alongwith its subsidiary Lakshya Educare Private Limited, has been sanctioned a long term debt facility from Xander Finance Private Limited (Xander) of Rs 110 crore. The initial disbursement proceeds from Xander of Rs 80 crore were utilized largely to repay short term debt raised by the company from various lenders who had provided loans to the company against promoter Mahesh Shettys shares, as primary security. With the above deal, MTEL has been successfully able to convert most of its short term debt outstanding as on 31st March 2017, to long term debt.

This transaction has also enabled MTEL to significantly reduce its average cost of borrowings to the mid-teens. The above clarification is given by MTEL, in continuation of a clarification given to the stock exchanges in response to a new article in a leading newspaper recently. The announcement was made after market hours yesterday, 22 May 2017.

VA Tech Wabag said that board of directors in its meet on 25 May 2017 will consider the proposal of fund raising through private placement/preferential allotment/ qualified institutional placement or in any combination thereof. The announcement was made after market hours yesterday, 22 May 2017.

Vishal Fabrics announced that the board of directors of in a meeting on 30 May 2017 will consider 2 for 1 stock split. The announcement was made after market hours yesterday, 22 May 2017.

SRF said that the board of directors at a meeting held on 22 May 2017 has approved setting-up of a facility to produce agrochemical at SRFs chemical complex in The proposed capacity addition 250 metric tonne per annum. The period within which the proposed capacity is to be added is 12 to 18 months. The investment required is Rs 180 crore. The mode of financing is mix of debt and internal accruals. The announcement was made after market hours yesterday, 22 May 2017.

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M&M may gain on plans to invest in high-end electric powertrain technology
May 22,2017

Mahindra & Mahindra (M&M) announced that the company plans to invest directly and/or through its subsidiary(ies) in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products.

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles. The high end electric powertrains will be used for the Groups future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The companys announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of Indias thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030. The announcement was made on Sunday, 21 May 2017.

GAIL (India) announces Q4 results today, 22 May 2017.

Adani Ports and Special Economic Zone announced that Board of Directors at the meeting on 24 May 2017 will consider to raise funds by issue of equity shares/ convertible bonds through qualified institutional placement (QIP)/GDR/ADR/FCCBs/FCEBs/convertible securities.

The board will also consider issue secured/ unsecured redeemable non-convertible debentures on private placement basis.

The board will consider issue of bonds which may be issued in one or more tranches, in India or overseas, and that may be listed in any one or more stock exchanges in India or overseas, provided that the total amount does not exceed $1.5 billion on private placement basis or otherwise, to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Bonds under applicable laws. The announcement was made on Saturday, 20 May 2017.

VRL Logistics net profit fell 29.72% to Rs 8.38 crore on 6.58% rise in total income to Rs 444.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

Bhushan Steel announced that it had participated in iron ore mine open bidding for the Kalmong West Block in Sundergarh district having a reserve of 92 million tonne and won the auction. The announcement was made after market hours on Friday, 19 May 2017.

Mahindra Holidays and Resorts Indias net profit rose 4.5% to Rs 31.8 crore on 26.3% rise in total income to Rs 315.7 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

The board approved 1 bonus issue of share for 2 shares held.

Camlin Fine Sciences board at a meeting held on 19 May 2017 has approved to raise funds not exceeding Rs 250 crore by way of QIP/ GDR/ADR/FCCB/ other securities linked to equity/ preference shares/ convertible securities, subject to approval of shareholders. The board has appointed Santosh Parab as CFO of the company with effect from 10 May 2017. The announcement was made after market hours on Friday, 19 May 2017.

Hindustan Copper has prepared a feasibility report for a project to manufacture copper cathode from sulphide copper concentrate through a State of the Art Hydro-Metallurgy technology. The capacity of the proposed plant is 1 lakh tonne per annum at an estimated cost of Rs 3025 crore. The company has initiated process to obtain investment approval from CCEA, Govt. of India. The announcement was made after market hours on Friday, 19 May 2017.

Sun Pharma Advanced Research Company said it has received a Complete Response Letter (CRL) from the USFDA for its New Drug Application (NDA) for Elepsia XRTM, Levetiracetam extended-release tablets 1000 mg and 1500 mg. The CRL references the recent inspection of the Sun Pharmaceutical Industries (SPIL)s Halol manufacturing site by USFDA and indicates that, satisfactory resolution of the deficiencies identified during the inspection is required before the final approval of Elepsia XRTM can be granted.

SPARC had out-licensed Elepsia XRTM to a subsidiary of Sun Pharmaceutical Industries in July 2016. As informed to the cmpany, SPIL is working with USFDA for resolving the cGMP deviations at the Halol facility and has taken several corrective measures. The announcement was made after market hours on Friday, 19 May 2017.

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TCS in focus after collaboration with Qualcomm
May 19,2017

TCS announced that it collaborated with Qualcomm incorporated through its Qualcomm Wireless Reach initiative and FHI 360 to implement a digital solution that enriches lives of the fishing community in Senegal, leveraging the transformative power of wireless technologies. The announcement was made after market hours yesterday, 18 May 2017.

Strides Shasun anounced that it inked a pact with Vivimed Labs to set up two joint venture (JV) firms. The first JV -- a 50:50 joint venture company in India will own a US Food and Drug Administration (USFDA) approved formulation facility in Alathur, Chennai, Strides Shasun said in a regulatory filing. The second JV firm would come up in Singapore and will own various approved abbreviated new drug applications (ANDAs) and product pipeline, it added. The exercise provides additional capacity and de-risks manufacturing infrastructure, the company said. The transaction is expected to close on 31 May 2017. The announcement was made after market hours yesterday, 18 May 2017.

TD Power Systems consolidated net profit spurted 24323.17% to Rs 8.01 crore on 8.41% rise in net total income from operations to Rs 128.63 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017.

Coral India Finance & Housing announced that the meeting of board of directors of the company is scheduled to be held on 5 June 2017 to consider stock split. The announcement was made after market hours yesterday, 18 May 2017.

TeamLease Services consolidated net profit spurted 320% to Rs 38.4 crore on 23% rise in total revenue to Rs 822.5 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 18 May 2017. Net profit was positively impacted by the tax benefits availed under section 80JJAA of the Income Tax Act, 1961 and deferred tax benefits availed from the recently acquired subsidiaries.

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 77% to Rs 14.7 crore in Q4 March 2017 over Q4 March 2016. This was achieved by way of margin expansion in general staffing and contribution from IT staffing during FY 2017.

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HUL in spotlight after announcing Q4 results
May 18,2017

Hindustan Unilevers net profit rose 6.19% to Rs 1183 crore on 6.39% rise in total income to Rs 8969 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Unilever recommended a final dividend of Rs 10 per share for the financial year ended March 2017.

Axis Bank announced that it has decided to keep the Marginal Cost of Funds based Lending Rate (MCLR) unchanged. This will be effective from 18 May 2017.

The banks MCLR for overnight loans will be 7.9%, the rate for one month will be 7.9% and for three months it will be 8.05%. The MCLR on 6-month loans will be 8.15% and for one-year loans the rate will be 8.25%, the bank said. MCLR on two-year loans will be 8.3% and for three-year loans the rate will be 8.35%. The announcement was made after market hours yesterday, 17 May 2017.

Sicagen Indias consolidated net profit jumped 120.43% to Rs 6.04 crore on 26.75% rise in total revenue to Rs 203.12 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

Hindustan Coppers net profit spurted 6919% to Rs 40.71 crore on 58.4% growth in net sales to Rs 513.68 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

JSW Steels consolidated net profit jumped 235% to Rs 1009 crore on 53% rise in revenue from operations to Rs 17917 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 17 May 2017.

The company in its guidance said that crude steel production is estimated to rise 4.4% to 16.5 million tonnes in year ending 31 March 2018 (FY 2018) over FY 2017. Saleable steel sales is estimated to rise 4.9% to 15.5 million tonnes in FY 2018 over FY 2017.

La Opala RG said that the operations at Madhupur plant have been temporarily suspended due to unreasonable charter of demands by the workers union. The management has taken a conscious decision, after taking into consideration a long term view, to temporarily suspend the operations at our Madhupur plant. In the circumstance, the production of and dispatches from the plant will be affected.

However, to a great extent, these would be made up by the Sitarganj unit, for which necessary steps have been initiated. The decision to suspend the work has been taken to improve the present working atmosphere prevailing at the plant. While the company remains committed to well established principles of good and cordial relationship with people, but will not compromise on issues of discipline and pressure tactics.

The company believes in fair treatment and as such, will keep the dialogue going with the union representative, so as to arrive at a mutual agreement at the earliest. The announcement was made after market hours yesterday, 17 May 2017.

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Tata Steel in focus after announcing Q4 results
May 17,2017

Tata Steel reported consolidated net loss of Rs 1168.02 crore in Q4 March 2017, compared with net loss of Rs 3041.88 crore in Q4 March 2016. Net sales rose 29.6% to Rs 33424.09 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 16 May 2017.

Wipro announced that it has developed nine blockchain-based solutions for the banking financial services and insurance (BFSI), manufacturing, retail and consumer goods industries. The announcement was made before market hours today, 17 May 2017.

Kotak Mahindra Bank (KMBL) said that the securities issuance committee of the board at its meeting held on 16 May 2017, passed resolution approving the closure of the qualified institutions placement (QIP) of 6.20 crore equity shares on 16 May 2017. The committee approved the issue price of Rs 936 per share against the floor price of Rs 913.24 per share. The issue had opened on 11 May 2017. The announcement was made after market hours yesterday, 16 May 2017.

Lupin launched Cialis (tadalafil), an oral PDE5 inhibitor, for the treatment of erectile dysfunction (ED) in adult males. Cialis was shown to improve erectile function compared to placebo upto 36 hours following dosing. The product is currently marketed in over 100 countries. The announcement was made after market hours yesterday, 16 May 2017.

Lupin has acquired the rights to market, promote and distribute Lillys erectile dysfunction (ED) product, Cialis through its specialty field force while Lilly will be responsible for manufacturing and importing the product. The PDE5 market in India is valued at around Rs 390 crore of which Tadalafil contributes around 23%.

Shree Cements net profit fell 54.07% to Rs 304.51 crore on 4.04% rise in total income to Rs 2834.44 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Shree Cement recommended final dividend of Rs 24 per equity share for the year ended 31 March 2017.

Orient Paper & Industries net profit rose 3.52% to Rs 48.38 crore on 7.98% rise in net total income from operations to Rs 687.70 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

Whirlpool of Indias net profit rose 7.36% to Rs 74.38 crore on 19.06% rise in total income to Rs 1131.10 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 16 May 2017.

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Infosys in focus after MauBank adopts Finacle solution
May 16,2017

Infosys will be watched. Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and MauBank, a leading bank in the Republic of Mauritius announced the banks successful adoption of Finacles leasing solution for its strategic leasing services business. The announcement was made after market hours yesterday, 15 May 2017.

Yes Bank announced the appointment of Debjani Ghosh as an additional (non executive) director on the board of the bank with effect from 15 May 2017. The shareholders of the bank would consider the appointment of Debjani Ghosh as an independent director on the board in the ensuing Annual General Meeting (AGM) of the bank scheduled on 6 June 2017. The announcement was made after market hours yesterday, 15 May 2017.

Skippers net profit rose 46.15% to Rs 52.78 crore on 10.11% rise in total revenue to Rs 584.55 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 15 May 2017.

Skipper recommended a dividend of Rs 1.55 per equity share for the financial year ended 31 March 2017 (FY 2017),

Websol Energy System said that it has received on due certificate from ARCIL on payment of the entire settlement amount. The announcement was made after market hours yesterday, 15 May 2017.

Future Lifestyle Fashions net profit jumped 262.64% to Rs 18.93 crore on 16.18% rise in total income from operations to Rs 987.73 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 15 May 2017.

The board has recommended a dividend of Rs 0.80 per equity share for the financial year ended 31 March 2017 (FY 2017).

Gujarat State Fertilizers and Chemicals said that ammonia-IV plant of the company shall be under annual planned shutdown from 16 May 2017 to 13 June 2017. As a result of this, the production of urea plants shall also stand reduced. This planned shutdown basically would take care of all the jobs related to system cleaning, preventive maintenance and statutory testing. The s plant would come back into the mainstream from 14th June 2017. There will be no major impact on production due to the said shutdown. The announcement was made after market hours yesterday, 15 May 2017.

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Idea Cellular in focus after Q4 earnings
May 15,2017

Idea Cellular reported consolidated net loss of Rs 327.70 crore in Q4 March 2017, compared with net profit of Rs 451.70 crore in Q4 March 2016. Revenue from operations declined 14.26% to Rs 8126.10 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 13 May 2017.

Among prominent companies, Bata India and Colgate-Palmolive (India) are scheduled to release March quarter earnings today, 15 May 2017.

Hero MotoCorp issued clarification to the stock exchanges with regard to its recent announcement of change in its statutory auditors. The company had announced on 10 May 2017 regarding the appointment of BSR & Co. LLP, as statutory auditors in place of existing auditors Deloitte Haskins & Sells, subject to approval of shareholders at the ensuing annual general meeting (AGM).

With regard to the aforesaid announcement, Hero MotoCorp submitted further details of audit firm BSR & Co. LLP viz. the firms registration number, registered office and information like other affiliates to the firm. The announcement was made after market hours on Friday, 12 May 2017.

Corporation Bank announced its tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewals with effect from 15 May 2017. The banks MCLR for overnight loans will be 8.2%, for one month will be 8.2% and for three months will be 8.3%. The MCLR on 6-month loans will be 8.65% and for one-year loans the rate would be 8.75%, the bank said. The announcement was made after market hours on Friday, 12 May 2017.

Sical Logistics board of directors at its meeting held on 12 May 2017, approved the proposal to initiate the process to acquire majority equity stake in a company in the express logistics business with an annual revenue of Rs 40 crore and to execute necessary agreements to proceed further in this regard.

The board also approved the proposal to initiate the process to acquire majority stake in a company in the warehousing and distribution business with annual revenue of Rs 20 crore and to execute necessary agreements to proceed further in this regard. The announcement was made after market hours on Friday, 12 May 2017.

NBCC (India) said it has secured the total business of Rs 315.24 crore in the month of April 2017. The announcement was made after market hours on Friday, 12 May 2017.

Tata Metaliks announced the time schedules for shutdown of units at its plant. The MBF#2 unit will be shut from 15 May to 27 May 2017. The Sinter Plant unit will remain closed from 22 May to 25 May 2017. The CPP3 unit will be closed from 24 May to 25 May 2017. The CPP2 unit will be shut from 15 May to 23 May 2017. The announcement was made at the fag end of market hours on Friday, 12 May 2017.

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Asian Paints will be watched after Q4 results
May 12,2017

Asian Paints consolidated net profit rose 10.4% to Rs 462.22 crore on 8.9% rise in revenue from operations to Rs 4416.23 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 11 May 2017.

The board of directors of the company at a meeting approved the reappointment of K B S Anand as Managing Director & CEO of the company for a further period of 2 (two) years with effect from 1 April 2018.

Kotak Mahindra Bank said that its qualified institutional placement (QIP) issue of shares opened yesterday, 11 May 2017. The floor price of the issue was fixed at Rs 913.24 per share of Rs 5 each. The bank will consider issue price on 16 May 2017.

TVS Motor Company announced its alliance with MASESA (Mayor Servicios Socieda Anonima), a Guatemala based company that is a leader in the commercialization of motorcycles and Tuk Tuks in the Central American region. The announcement was made after market hours yesterday, 11 May 2017.

This alliance is in line with the companys plan to expand and strengthen its presence in Central Amn++rica, LATAM, South East Asia and Middle East. In this alliance, MASESA will develop exclusive TVS Motor Company concessionaires in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.

MASESA currently operates through a network of 500 touch points throughout theregion, which are managed by an extraordinary team, who will manage a wide catalog of parts and service centers duly equipped, guaranteeing the adequate support of the brand and making this alliance one of the most important ones of the industry in recent years in the region.

Vardhman Textiles announced that its yarn sales grew 2.96% to 53,374 metric tons in Q4 March 2017 over Q4 March 2016. Grey fabric sales declined 2.58% to 453 lakh meters in Q4 March 2017 over Q4 March 2016. Processed fabric sales rose 11.95% to 328 lakh meters in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 11 May 2017.

Vakrangee announced alliance with Indian Railway Catering and Tourism Corporation (IRCTC) for offering railway e-tickets booking through Vakrangee Kendras. The announcement was made after market hours yesterday, 11 May 2017.

This tie-up further expands the companys bouquet of services available to citizens through Vakrangee Kendras. Citizens, especially in un-served and underserved areas shall now be able to visit nearest Vakrangee Kendra and will be able to book railway e-tickets there.

Reliance Infrastructure (Rlnfra) will be watched. Delhi Airport Metro Express (DAMEPL), an associate of Rlnfra, announced that it has been awarded compensation of Rs 2950 crore by a three member Arbitration Tribunal in a unanimous decision. The tribunal was constituted from a panel nominated by DMRC. The announcement was made after market hours yesterday, 11 May 2017.

The award to Rlnfra has been granted on the basis of termination provisions of the concession agreement where the arbitration tribunal has held termination by DAMEPL as valid. The compensation covers damage as a result of breach by DMRC of its obligations under the concession agreement and material adverse effect on the ability of DAMEPL to perform its obligations under the concession agreement.

The three member Arbitration Tribunal, formed out of a DMRC nominated panel as per the concession agreement in September 2013 gave its award in May 2017 after hearing the case for almost four years. The Tribunal heard the submission made by both the parties and after detailed proceedings in 68 hearings; the tribunal has issued its final order whereby it has awarded the compensation to DAMEPL.

Under CCEA approved guidelines issued by Niti Ayog vide their office memorandum dated 5 September 2016, PSUs are expected to pay 75% of the award amount against bank guarantee even if they propose to challenge the arbitral award. Therefore Rlnfra is expected to get Rs 2210 crore as per above guidelines against bank guarantee in case DMRC proposes to challenge the award.

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ICICI Bank in focus on offshore borrowing plan
May 11,2017

ICICI Bank said that the committee of executive directors at its meeting held on 10 May 2017, approved the proposed offshore borrowing plan for the financial year 2017-18. The announcement was made after market hours yesterday, 10 May 2017.

Two-wheeler major Hero MotoCorps net profit fell 13.9% to Rs 717.75 crore on 7.9% decline in net sales to Rs 6915.20 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 10 May 2017.

Hero MotoCorp said it took a proactive approach towards the launch of BS IV-compliant vehicles, and liquidated large BS III inventory, leading up to 29 March 2017. In the last two days of the month, the company took some tactical steps to assist its dealers and incentivise the customers with an objective to liquidate the remaining BS Ill stocks, resulting in a one-time impact to the margins of the fourth quarter.

EBITDA (earnings before interest, taxes, depreciation and amortization) margin stood at 12.79% in Q4 March 2017, lower than 14.66% in Q4 March 2016.

Hero MotoCorps retail sales have been outpacing wholesale numbers, as a result of which the company has now been able to maintain healthy dealer inventory. Meanwhile, input costs have been on an upward trend. To partially offset the commodity costs, Hero MotoCorp raised prices ranging from Rs 500 to Rs 2200 on some of the models, with effect from 1 May 2017.

Hindalco Industries will be watched. Novelis Inc, an overseas subsidiary of Hindalco Industries, announced 46% jump in net income at $73 million in Q4 March 2017. Net sales increased 9% to $2.6 billion for the fourth quarter of fiscal 2017, driven by higher average aluminum prices and increased shipments of higher conversion premium products, including a 26% increase in automotive shipments.

Mahindra & Mahindra (M&M) said that India Ratings and Research (Ind-Ra) has affirmed the companys long-term issuer rating at IND AAA. The outlook is stable. Ind-Ra continues to take a consolidated view of M&M after excluding its financial services subsidiary Mahindra & Mahindra Financial Services. The announcement was made after market hours yesterday, 10 May 2017.

Edelweiss Financial Services said that ratings agency CRISIL has assigned the rating of CRISIL A1+ (CRISIL A one plus) to the proposed short term debt issue aggregating to Rs 5000 crore of the company. The announcement was made after market hours yesterday, 10 May 2017.

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InterGlobe Aviation in spotlight after Q4 results
May 10,2017

InterGlobe Aviations net profit fell 24.6% to Rs 440.30 crore on 18.5% growth in revenue from operations to Rs 4848.21 crore in Q4 March 2017 over Q4 March 2016. The company earnings before interest, taxation, depreciation, amortization and rent costs (EBITDAR) declined 6.6% to Rs 1449.16 crore in Q4 March 2017 over Q4 March 2016. EBITDAR margin contracted to 29.9% in Q4 March 2017, from 37.9% in Q4 March 2016. The result was announced after market hours yesterday, 9 May 2017. InterGlobe Aviations board recommended a final dividend of Rs 34 per share for the year ended March 2017 (FY 2017).

On a consolidated basis, Bharti Airtels net profit fell 69.22% to Rs 470.60 crore on 12.12% decline in net sales to Rs 21934.60 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 9 May 2017.

Drug major Lupin clarified to the media news after market hours yesterday, 9 May 2017. The company said that recently its Aurangabad facility underwent an inspection by the US Food and Drug Administration (USFDA). The inspection was completed on 26 April 2017, subsequent to which, the USFDA issued Form 483 citing eight observations. The company is in the midst of putting together a response to address the observations.

Sintex Industries said that the foreign currency convertible bonds (FCCB) Committee of its board of directors allotted 47.56 lakh equity shares to FCCB holders on the exercise of their conversion right. The announcement was made after market hours yesterday, 9 May 2017.

Atul said that the joint venture agreements for the partnership with Akzo Nobel Chemicals International B.V. (Akzo) have been executed between the company, its affiliates and Akzo. The announcement was made after market hours yesterday, 9 May 2017.

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S Chand and Company to debut on bourses
May 09,2017

S Chand and Company will list on the secondary equity market today, 9 May 2017. The company priced the initial public offer (IPO) at Rs 670 per share, the top end of the Rs 660 - Rs 670 per share price band for the IPO. The IPO closed on 28 April 2017. It was subscribed 59.49 times, with total bids for 45.72 crore shares.

On a consolidated basis, Bharti Infratels net profit fell 16.95% to Rs 596.60 crore on 13.20% increase in net sales to Rs 1605.30 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 8 May 2017.

ABB Indias net profit rose 3.2% to Rs 88.17 crore on 8.4% increase in net sales to Rs 2146.04 crore in Q1 March 2017 over Q1 March 2016. The orders received in Q1 March 2017 was Rs 2342 crore. An order backlog of Rs 12023 crore, as on 31 March 2017, provides solid visibility for future revenue, the company said in a statement. The result was announced after market hours yesterday, 8 May 2017.

Novartis India announced that Novartis AG (NVS AG) entered into an asset sale agreement with Torrent Pharmaceuticals, pursuant to which NVS AG has agreed to sell to Torrent Novartis brand (Regestrone) including the intellectual property rights residing in the related product dossier. The transaction was approved by the Competition Commission of India on 20 April 2017. Accordingly it may be noted that, effective 8 May 2017, Novartis India will cease to have the ability to market or otherwise use the brand in any manner whatsoever. The announcement was made after market hours yesterday, 8 May 2017.

Smartlink Network Systems said it has made an additional investment of Rs 1 crore in its wholly owned subsidiary Telesmart SCS. The announcement was made after market hours yesterday, 8 May 2017.

Eros International Media announced that it signed a significant television syndication deal with Zee, a leading Indian global television network, for a slate of its forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made after market hours yesterday, 8 May 2017.

The multi-film deal with Zee gives the channel syndication rights to the third installment of one of the most impactful franchises of Indian cinema, Ram Gopal Varmas Sarkar 3 starring Amitabh Bachchan which will be released worldwide on 12 May 2017. Tiger Shroff and Sabbir Khans action-packed musical Munna Michael which is scheduled for release on 21 July 2017 and a quirky romantic comedy Shubh Mangal Savdhaan by south director RS Prasanna, starring Ayushyamann Khurana and Bhumi Pednekar, set to be release on 1 September 2017.

Skipper said it has been certified by The Equipment and Materials Test Laboratory (LAPEM). The certification was completed post visit of LAPEM representatives to the companys manufacturing units for a rigorous audit of the manufacturing and quality processes. With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market.

LAPEM is a Federal Electricity Commission (CFE) organization that provides specialized engineering studies, laboratory and field tests on equipment and materials, as well as quality management systems and supplies. CFE is owned by the Mexican Government which generates, distributes and markets electric power, for supplying Power Transmission & Distribution structures to the Mexican Market. The announcement was made after market hours yesterday, 8 May 2017.

G M Breweries turns ex-dividend today, 9 May 2017, for dividend of Rs 3 per share for the year ended 31 March 2017 (FY 2017).

GPT Infraprojects turns ex-dividend today, 9 May 2017, for interim dividend of Rs 1.50 per share for FY 2017.

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