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Wipro may drop on weak Q1 results
Jul 20,2016

Wipros consolidated net profit attributable to equity holders fell 6.38% to Rs 2051.80 crore on 11.12% growth in gross revenue to Rs 13599.20 crore in Q1 June 2016 over Q1 June 2015. The results are as per International Financial Reporting Standards (IFRS). Revenue from IT services business rose 2.6% to $1,930.8 million in Q1 June 2016 over Q4 March 2016. Non-GAAP constant currency IT services segment revenue in dollar terms grew 2% sequentially and 9.5% on year-on-year basis. The company announced the first quarter results after trading hours yesterday, 19 July 2016.

Wipro expects a muted 0.01% to 0.99% growth in revenue from IT services business at between $1,931 million to $1,950 million in Q2 September 2016 over Q1 June 2016. Wipros management expects the trajectory of growth to build gradually over the course of the year based on execution with regard to the companys strategic themes and as the company makes progress towards achieving a sustainable growth trajectory.

Meanwhile, Wipro and Viteos Group have cancelled the definitive agreement signed in December 2015 whereby Wipro had agreed to acquire Viteos Group. Wipro said in a statement that both the parties have decided not to proceed with the deal due to inordinate delays in completion of closing conditions that exceeded the target closing date under the terms of the agreement.

Shree Cement announced after trading hours yesterday, 19 July 2016 that the company has completed the up-gradation of preheater of clinker line of Unit-I at Beawar (Rajasthan) on 15 July 2016. Consequently, the clinker capacity of Unit-I stands increased from 1.1 million tonnes per annum (MTPA) to 1.4 MTPA.

Sasken Communication Technologies, Crompton Greaves, Hindustan Zinc, Gammon India among others will announce quarterly results today, 20 July 2016.

DLF said before market hours today, 20 July 2016 that it has been jointly decided by DLF and Ridgewood Holdings to realign the current shareholding arrangement in the JV companies in order to maintain continued focus of future development of various projects. Given the current strategy coupled with market conditions, DLF is currently focused on select projects in certain micro markets.

As a part of strategic objectives, DLF through its wholly-owned subsidiary DLF Home Developers had entered into joint venture agreements with Ridgewood Holdings, which term shall include its affiliates who acquired shares in accordance with the terms of the definitive documents for development of seven residential projects in the cities of Bangalore, Chennai, Kochi and Indore.

Indiabulls Housing Finance said before market hours today, 20 July 2016 that the company proposes to issue 250 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 25 crore plus Greenshoe Option, on private placement basis.

Karnataka Bank turns ex-dividend today, 20 July 2016 for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

Crisils consolidated net profit rose 7.53% to Rs 69.81 crore on 13.88% rise in total income to Rs 387.09 crore in Q2 June 2016 over Q2 June 2015. The company announced the first quarter results after trading hours yesterday, 19 July 2016.

Hindalco Industries announced after market hours yesterday, 19 July 2016 that it has received Reserve Bank of Indias approval and has accepted the offer in connection with off-market takeover offer made by METALS X to acquire shares of Aditya Birla Minerals, a subsidiary of Hindalco Industries under the relevant Laws of Australia,.

Anant Raj announced after market hours yesterday, 19 July 2016 that the board of directors of the company at its meeting held on 19 July 2016, has considered and approved the composite scheme of arrangement of demerger of Real Estate Division (Demerged Undertaking of Anant Raj Agencies Private Limited (ARAPL/ demerged company/amalgamating company) into Tauras Promoters & Developers Private (TPDPL/resulting company and subsequent amalgamation of remaining ARAPL with the company. It has also approved the demerger of Project Division (demerged undertaking) of the company into Anant Raj Global Limited (ARGL/resulting company) (a wholly owned subsidiary of the company, under incorporation) and subsequent listing of ARGL at BSE (BSE) and National Stock Exchange of India (NSE).

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HUL may gain on decent Q1 results
Jul 19,2016

FMCG major Hindustan Unilever (HUL)s net profit rose 9.79% to Rs 1173.90 crore on 3.36% growth in total income to Rs 8235.77 crore in Q1 June 2016 over Q1 June 2015. The result hit the market during the fag end of trading hours yesterday, 18 July 2016.

During the quarter, against the backdrop of a challenging environment where market growth further slowed down in both volume and value terms, the business continued to track ahead of market with sustained margin improvement. Domestic Consumer business growth was at 4%, with 4% underlying volume growth and operating margin expanded by 70 bps. The growth was broad based across the segments.

Lower input costs resulted in 100 bps reduction in Cost of Goods Sold. Brand investments were maintained at competitive levels across segments. Profit before interest and tax (PBIT) grew by 7% and PBIT margin improved by 70 bps in Q1 June 2016 over Q1 June 2015. Profit after tax before exceptional items, PAT (bei), grew by 6% to Rs.1128 crore in Q1 June 2016 over Q1 June 2015. Net Profit rose aided by a one-time write back of provision for pension benefits arising from plan amendments.

HUL also announced a key change in the Management Committee of the company. Punit Misra, currently Executive Director and Vice President, Sales and Customer Development, has decided to leave Hindustan Unilever to pursue an external opportunity. Srinandan Sundaram, currently Vice President, Skin Care, will take over from Punit as the Executive Director, Sales & Customer Development, and will join the HUL Management Committee. The change will be effective from 1 September 2016.

Separately, HUL has proposed to make an investment of about Rs 1000 crore towards the setting up of a new manufacturing unit in the vicinity of its existing factory premises in Doom Dooma, Assam. This investment is subject to receipt of requisite approvals and clearances. The new unit that is envisaged to be commissioned in early 2017, will augment the production capacity of Personal Care products for HUL.

HUL has a manufacturing facility in Doom Dooma Industrial Estate of Upper Assam. The facility was originally set up in 2001 and currently houses three manufacturing units that produce Personal Care products (shampoo, skin creams and toothpaste).

The Government of Assam has been looking at attracting investment into the state by offering favourable policies that encourage and incentivise companies to set up manufacturing units. With over 15 years of operating experience in the state and considering the support from the State Government and the local community, HUL has decided to set up the new manufacturing unit in Assam.

It is also intended to encourage suppliers to establish units for packing material supplies and it is expected that the new unit will lead to the creation of ancillary, logistics and warehousing opportunities within the region. The proposal is consistent with HULs commitment to Make in India and a reflection of its priority to invest for sustained growth. Given the attractive outlook that the Company sees in Personal Care, the additional capacity will support the growth ambition and enable the business better serve its consumers. HUL has a wide footprint of manufacturing operations with over 30 factories located across India.

UltraTech Cement and Wipro will announce Q1 results today, 19 July 2016.

Yes Bank announced before market hours today, 19 July 2016 that global credit rating agency, Moodys Investor Service, vide its credit opinion dated 18 July 2016, has maintained its long term rating on Yes Bank at Baa3/P-3 with stable outlook. Moodys has consistently maintained a rating of Baa3/P-3 with stable outlook since its initial coverage on the bank in November 2010.

JSW Energy announced after market hours yesterday, 18 July 2016 that the company has agreed to acquire the 500 MW thermal power plant located at Bina, District Sagar in the State of Madhya Pradesh from Jaiprakash Power Ventures. The company has agreed to consider acquisition of 100% equity in Minerals & Energy Swaziland (Pty) Limited.

Jaiprakash Power Ventures reported net loss of Rs 196.16 crore in Q1 June 2016 compared with net profit of Rs 66.96 crore in Q1 June 2015. Total income fell 39.96% to Rs 767.45 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 18 July 2016.

The results for Q1 June 2016 are in respect of 400 megawatts (MW) Jaypee Vishnuprayag H.E. Plant, 500 MW Jaypee Bina Thermal Power Plant, 1320 MW Jaypee Nigrie Super Thermal Power Plant (JNSTPP), Jaypee Nigrie Cement Grinding Unit and Amelia (North) Coal Mine. The Q1 June 2015 results also included operating results for 300 MW Baspa II H.E. Plant and 1091 MW Karcham Wangtoo H.E. Plant. The company concluded the sale of these plants to JSW from 1 September 2015, hence the figures of the current quarter/ period are not comparable with figures of the corresponding quarter/ period in the previous year. The company now has aggregate power generation capacity of 2220 MW comprising of Hydro (400 MW).

Tata Steel said it will seek shareholder approval at an annual general meeting (AGM) on 12 August 2016, to issue non-convertible debentures on private placement basis worth Rs 10000 crore. The announcement was made after market hours yesterday, 18 July 2016.

Dabur India announced after market hours yesterday, 18 July 2016 that the companys wholly owned subsidiary - Dabur International has acquired 100% share capital of a new company namely DISCARIA TRADING (PTY) LTD in South Africa on 14 July 2016. Accordingly DISCARIA TRADING (PTY) LTD has become a step down wholly owned subsidiary company of Dabur India from 14 July 2016.

Exide Industries net profit rose 25.9% to Rs 196.05 crore on 11.67% rise in total income to Rs 2025.35 crore in Q1 June 2016 ove Q1 June 2015. The result was announced after market hours yesterday, 18 July 2016.

Piramal Enterprises announced before market hours today, 19 July 2016 that a meeting of the Administrative Committee of the Board of Directors of the company will be held on 21 July 2016 to consider and approve the issue of secured non-convertible debentures amounting upto Rs 1000 crore on private placement basis.

Byke Hospitality announced after market hours yesterday, 18 July 2016 that the companys one of the hotels The Byke- Suraj Plaza Thane (Maharashtra) has acquired wedding garden measuring approx 20000 square feet situated next to The Byke-Suraj Palza, Saibaba Vihar Complex, Godbunder Road, Anand Nagar, Thane West, Maharashtra.

Ballarpur Industries announced after market hours yesterday, 18 July 2016 that India Ratings & Research (a Fitch Group Company) has revised the long-term issuer rating (including non-convertible debentures) from IND A+ to IND A- and short-term issuer rating from IND A1+ to IND A1 of the company, while maintaining the rating on Rating Watch Evolving.

Camlin Fine Sciences announced after market hours yesterday, 18 July 2016 that the State Level Environment Impact Assessment Authority, Gujarat at its meeting held on 16 July 2016 has granted the environmental clearance to the company for setting up a manufacturing facility for Hydroquinone/ Catechol and its down-stream products at Dahej Sez, Bharuch District, Gujarat.The environmental clearance was granted with all the conditions recommended by the State Level Expert Appraisal Committee.

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RIL may gain on strong Q1 results
Jul 18,2016

Reliance Industries (RIL)s consolidated net profit rose 18.1% to Rs 7113 crore on 13.4% decline in turnover to Rs 71451 crore in Q1 June 2016 over Q1 June 2015. Earnings before interest and tax (EBIT) margin rose by 2.41% to 10.7% in Q1 June 2016 over that from Q1 June 2015. The result was announced after market hours on Friday, 15 July 2016. Decline in revenue was led by the 26% decline in benchmark (Brent) oil price which averaged at $45.6 per barrel in Q1 June 2016 as compared to $61.9 per barrel in Q1 June 2015. Impact of lower prices was partially offset by higher volumes in refining and petrochemicals segments. Gross refining margin rose to $11.5 per barrel in Q1 June 2016 from $10.4 per barrel in Q1 June 2015.

PSU OMCs and auto stocks will be in focus after PSU OMCs cut petrol price by Rs 2.25 a litre and diesel by 42 paise a litre late on Friday, 15 July 2016. The prices took effect from Saturday, 16 July 2016..

Hindustan Unilever (HUL), Tayo Rolls, Span Diagnostics, Mindtree, Hinduja Foundries, Gruh Finance, Exide Industries, Bharat Bijlee, and Aarey Drugs Pharmaceuticals will announce their quarterly results today, 18 July 2016.

IDFC Bank and Axis Bank will be in focus. The Reserve Bank of India on Friday, 15 July 2016 notified that foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now enhance investment from existing 24% to 46% of the paid up capital of IDFC Bank under the portfolio investment scheme (PIS). The RBI further notified that the total foreign investment from all sources i.e. foreign institutional investors (FII)/registered foreign portfolios investors (RFPIs)/foreign direct investment (FDI)/non-resident indians (NRI)/persons of Indian origin (PIO)/American depository receipts (ADR)/Global depository receipts (GDR)/ in IDFC Bank shall not exceed 46%. The RBI has stated that IDFC Bank has passed resolutions at its Board of Directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.

The Reserve Bank of India on Friday, 15 July 2016 notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can raise stake from existing 62 per cent up to 74% of the paid up capital of Axis Bank under the Portfolio Investment Scheme (PIS). The Reserve Bank further notified that the total foreign investment in the bank shall not exceed 74% of paid up capital. The Reserve Bank has stated that the Axis Bank has passed resolutions at its Board of Directors level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.

Glenmark Pharmaceuticals announced before market hours today, 18 July 2016 that subsequent to the rating received by the leading credit agencies in the world i.e. S&P and Fitch, the company has decided to tap into the International Bond market and is planning to raise around $200 million by issuing dollar denominated non-convertible unsecured bonds. The net proceeds will be used for repaying the existing debt. These bonds are planned to be listed on the Singapore Stock Exchange in order to establish the companys track record in the globally recognized bond market.

Bharti Airtel announced on Sunday, 17 July 2016 an effective reduction in pre-paid data tariffs by increasing data benefits on some of its pre-paid data recharge packs. Airtel customers will now enjoy more value on these existing packs and can add to their mobile internet experience by staying online longer and download more of their favorite content.

Under the revised data benefits, the Rs 655 4G/3G monthly recharge pack will now offer 5 GB data vs 3 GB earlier, an increase of 67%. Similarly, the Rs 455 pack 4G/3G pack now offers 50% more data by increasing data benefit to 3 GB from 2 GB. The Rs 989 4G/3G pack will now offer 10 GB data vs 6.5 GB earlier, offering 54% more benefits. 2G/3G/4G Sachet Packs also see major increase in benefits. The Rs 25 2G pack now offers 45% more data at 145 MB vs 100 MB earlier, while the Rs 145 4G/3G pack now offers 32% more data benefits at 580 MB vs 440 MB earlier. Even the Rs 5 one day 2G data pack benefits have been increased by 48% to 30 MB keeping in mind non-regular/first time users, particularly in rural markets.

Tata Motors turns ex-dividend today, 18 July 2016 for dividend of Rs 0.20 per share for the year ended 31 March 2016 (FY 2016).

Dr Reddys Laboratories turns ex-dividend today, 18 July 2016 for dividend of Rs 20 per share for the year ended 31 March 2016 (FY 2016).

Alstom T&D India turns ex-dividend today, 18 July 2016 for dividend of Rs 1.80 per share for the year ended 31 March 2016 (FY 2016).

Agro Tech Foods turns ex-dividend today, 18 July 2016 for dividend of Rs 2 per share for the year ended 31 March 2016 (FY 2016).

Century Textiles Industries turns ex-dividend today, 18 July 2016 for dividend of Rs 5.50 per share for the year ended 31 March 2016 (FY 2016).

Elecon Engineering Company turns ex-dividend today, 18 July 2016 for dividend of Rs 1.10 per share for the year ended 31 March 2016 (FY 2016).

V-Guard Industries turns ex-dividend today, 18 July 2016 for final dividend of Rs 2.50 per share for the year ended 31 March 2016 (FY 2016).

Shriram Transport Finance Company turns ex-dividend today, 18 July 2016 for final dividend of Rs 6 per share for the year ended 31 March 2016 (FY 2016).

Visaka Industries turns ex-dividend today, 18 July 2016 for dividend of Rs 2 per share for the year ended 31 March 2016 (FY 2016).

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TCS to be watched after announcing Q1 results
Jul 15,2016

TCS consolidated net profit as per International Financial Reporting Standards (IFRS) fell 0.4% to Rs 6317 crore on 3% rise in revenue to Rs 29305 crore in Q1 June 2016 over Q4 March 2016. Operating income fell 0.9% to Rs 7347 crore in Q1 June 2016 over Q4 March 2016. The result was announced after market hours yesterday, 14 July 2016.

Commenting on the Q1 performance, N Chandrasekaran, CEO and MD, TCS, said that strong execution and accelerating customer adoption of cloud, big data & analytics has driven broad-based growth across key markets and industries. The companys investments in platforms are gaining significant traction as customers look to boost business agility and enhance their time-to-market advantage to gain a competitive edge, he added.

Rajesh Gopinathan, Chief Financial Officer, TCS, said this has been a quarter of good financial performance balancing revenue growth, profitability and cash generation. The companys disciplined approach to operations have helped counter strong headwinds in the form of annual salary hikes and promotions as well as global currency and market volatility through the quarter. The company continues to invest in people, platforms and products as it looks to strengthen competitive position across key markets, he added.

TCS declared an interim dividend of Rs 6.50 per share for the year ending 31 March 2017 (FY 2017).

Among prominent earnings, software major Infosys is scheduled to announce its Q1 June 2016 results at around 9:15 IST today, 15 July 2016. Reliance Industries (RIL) will announce its Q1 June 2016 earnings today, 15 July 2016.

Steel Strips Wheels, NIIT Technologies, Mastek, and LIC Housing Finance among others will announce their quarterly results today, 15 July 2016.

HDFC announced after market hours yesterday, 14 July 2016 that it has successfully priced its first overseas issue of unrated rupee denominated bonds yesterday, 14 July 2016. The company is the first Indian corporate issuer of rupee denominated bonds overseas pursuant to applicable Reserve Bank of India guidelines. The Rs 3000 crore issue of unsecured rupee denominated bonds bears a fixed semi-annual coupon of 7.875% per annum and has a tenor of 3 years and 1 month. The bonds have been issued at a price of 99.24% of the par value and will be redeemed at par. The all-in annualised yield to the investors is 8.33% per annum. This is a rupee based transaction and there is no foreign exchange exposure for HDFC. The bonds will be listed on the London Stock Exchange and cannot be traded in the local Indian market. The issue proceeds would be used for the housing finance business of HDFC as well as for general corporate purposes.

Rupee denominated bonds are instruments through which Indian entities can raise funds by accessing overseas capital markets, while the bond investors hold the currency risk.

Meanwhile, shares of HDFC turn ex-dividend today, 15 July 2016 for final dividend of Rs 14 per share for the year ended 31 March 2016 (FY 2016).

Hero MotoCorp (HMCL) after market hours yesterday, 14 July 2016, announced the launch of the new Splendor iSmart 110, the first motorcycle to be developed completely in-house, with HMCLs own technology. Built on a completely new chassis and frame, the bike is powered by the new 110cc Torque on Demand engine that also features HMCLs patented i3S technology, the company said. The bike is now available at the Hero dealerships across India. The bike is priced at Rs 53,300 ex-showroom Delhi.

Berger Paints India turns ex-bonus today, 15 July 2016 for the bonus issue of 2 shares for every 5 shares held.

GlaxoSmithkline Pharmaceuticals turns ex-dividend today, 15 July 2016 for dividend of Rs 50 per share for the year ended 31 March 2016 (FY 2016).

Ingersoll-Rand India turns ex-dividend today, 15 July 2016 for final dividend of Rs 3 per share for the year ended 31 March 2016 (FY 2016).

Orient Cement turns ex-dividend today, 15 July 2016 for final dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

Tata Elxsi turns ex-dividend today, 15 July 2016 for dividend of Rs 14 per share for the year ended 31 March 2016 (FY 2016).

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Nalco in spotlight after securing bauxite mining lease in Odisha
Jul 14,2016

National Aluminium Company (Nalco) after market hours yesterday, 13 July 2016 announced that it has been granted Pottangi Bauxite mines in Koraput district of Odisha, where the companys 22.75 lakh tonne alumina refinery is located. As per a recent order issued by the state government of Odisha, Nalco has been granted the mining lease of Pottangi with an area covering 1,738 hectares for a period of 50 years. Nalcos expansion plans, including the proposed addition of fifth stream in its existing alumina refinery at an investment of Rs 5600 crore, greatly depended on this additional source of bauxite, the company said in a statement.

Mahindra & Mahindra (M&M) announced the incorporation of subsidiary company in the name of Merakisan to carry on the business of procuring and marketing agricultural produce including fruits and vegetables. Merakisan was incorporated as a wholly owned subsidiary of Mahindra Univeg (MUPL) which is a step-down subsidiary of M&M. The announcement was made after market hours yesterday, 13 July 2016.

MindTree announced after market hours yesterday, 13 July 2016 that it has launched Decision Moments, the first data analytics platform that applies continuous learning algorithms to large data pools, allowing businesses to generate meaningful and compelling insights that improve over time.

TCS, Cyient, Canfin Homes, Vimta Labs among others are scheduled to announce their quarterly results today, 14 July 2016.

NBCC (India) will be in focus after the Cabinet Committee on Economic Affairs approved disinvestment of 15% paid up equity of the company out of Government of Indias (GoI) 90% shareholding. The announcement was made after trading hours yesterday, 13 July 2016. The NBCC (India) stock slumped 10.72% to settle at Rs 229.80 yesterday, 13 July 2016, as investors awaited details regarding the quantum of the stake sale after media reports suggested that the government had approved divestment in the state-run firm. The divestment of stake will be carried out through the offer for sale (OFS) route via the stock exchanges mechanism. In order to inculcate a sense of belongingness amongst the employees of NBCC, GoI has decided to allot additional shares to the eligible and willing employees of the company at a discount of 5% to the issue/discovered (lowest cut off) price of the OFS. NBCC (India) is engaged in construction, engineering and project management consultancy services.

Shares of another state-run firm ITI will be in focus after the Cabinet Committee on Economic Affairs approved the proposal of Department of Telecommunication regarding transfer of shares by ITI to Special National Investment Fund (SNIF) to meet Securities and Exchange Board of Indias (Sebi) minimum public shareholding requirement. ITI will be allowed to transfer the requisite number of shares from President of India to SNIF as and when capital grant is released in the form of equity infusion to ITI as part of revival plan approved by the Cabinet in February 2014 so as to adhere to Sebis minimum 10% public shareholding requirement. ITI will be allowed to meet Sebis requirement of minimum 25% public shareholding by August 2017. The announcement was made after trading hours yesterday, 13 July 2016. ITI offers a complete range of telecom products and total solutions covering the whole spectrum of switching, transmission and access and subscriber premises equipment. Shares of ITI surged 18.78% to settle at Rs 34.15 yesterday, 13 July 2016, on reports that the government had cleared sale of assets in ITI. However, there was no such announcement from the government after the conclusion of the meeting of the Cabinet Committee on Economic Affairs.

Atul turns ex-dividend today, 14 July 2016, for dividend of Rs 10 per share for the year ended 31 March 2016 (FY 2016).

Bajaj Auto turns ex-dividend today, 14 July 2016, for final dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

Bajaj Holdings & Investment turns ex-dividend today, 14 July 2016, for final dividend of Rs 7.50 per share for the year ended 31 March 2016 (FY 2016).

Bajaj Finance turns ex-dividend today, 14 July 2016, for final dividend of Rs 7 per share for the year ended 31 March 2016 (FY 2016).

Kotak Mahindra Bank turns ex-dividend today, 14 July 2016, for dividend of Rs 0.50 per share for the year ended 31 March 2016 (FY 2016).

Eveready Industries turns ex-dividend today, 14 July 2016, for dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

Jyothy Laboratories turns ex-dividend today, 14 July 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

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Jubilant FoodWorks in focus after launch of BurgerPizza
Jul 13,2016

Jubilant FoodWorks before market hours today, 13 July 2016, announced a significant new innovation for the Indian market - the BurgerPizza. The new BurgerPizza is an exciting innovation from Dominos and is a result of the companys focus on innovation and growth, Jubilant FoodWorks said. With BurgerPizza, the company aims to grow its share in the all day, individual consumption occasion and further grow its share of the chained Indian Food Service Industry that is pegged to grow three-fold to Rs 25000 crore within five years, the company said. Starting at Rs 89, the BurgerPizza range is available in two vegetarian and two non-vegetarian variants at the 100 plus Dominos Pizza restaurants across India, Jubilant FoodWorks said. The BurgerPizza is also available for ordering on the Dominos online ordering website and the Dominos Pizza mobile app, the company said.

Tata Motors announced that a duly constituted committee of the board of directors of the company will meet on 15 July 2016, for issuing rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) aggregating to Rs 400 crore. This issuance is pursuant to the approval of the shareholders on 13 August 2015 and the board of directors resolution passed at its meeting held on 30 March 2016. The announcement was made after market hours yesterday, 12 July 2016.

Sun Pharmaceutical Industries (Sun Pharma) announced before market hours today, 13 July 2016 that effective August 2016, Abhay Gandhi currently CEO - India and Sub-continent business will take over as CEO - North America business of Sun Pharma subject to necessary approvals and will be based in USA. In his new role, Abhay Gandhi will spear-head the growth of Sun Pharmas business in North America, the company said in a statement. Additionally, effective January 2017, Kal Sundaram, currently CEO - North America business will assume the position of CEO - India Business & Emerging Markets, subject to necessary approvals. He will be based in Mumbai. Backed by his rich experience, growth mind-set and visionary qualities Kal will lead Sun Pharmas growth agenda for India and Emerging Markets business, the company said in a statement.

Great Eastern Shipping Company (GE Shipping) announced after market hours yesterday, 12 July 2016 that it has signed a contract to buy a medium range product tanker of about 48,539 dwt. The 2005 Japanese built vessel is expected to join the companys fleet in Q2 September 2016, GE Shipping said.

Cupid, Network18 Media Investments, Reliance Industrial Infrastructure and TV18 Broadcast will announce their quarterly results today, 13 July 2016.

Andhra Bank turns ex-dividend today, 13 July 2016 for dividend of Rs 0.50 per share for the year ended 31 March 2016 (FY 2016).

Ashok Leyland turns ex-dividend today, 13 July 2016 for dividend of Rs 0.95 per share for the year ended 31 March 2016 (FY 2016).

R S Software (India) turns ex-dividend today, 13 July 2016 for dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

Philips Carbon Black turns ex-dividend today, 13 July 2016 for dividend of Rs 2.50 per share for the year ended 31 March 2016 (FY 2016).

Hatsun Agro Product turns ex-bonus today, 13 July 2016 for bonus issue of 2 shares for every 5 shares held.

BPCL turns ex-bonus today, 13 July 2016 for 1:1 bonus issue.

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Coal India in spotlight as board approves share buyback
Jul 12,2016

Coal India announced that its board of directors at a meeting held yesterday, 11 July 2016, approved the buyback of equity shares not exceeding 10.89 crore shares of the company, from all the shareholders holding equity shares of the company as on record date on a proportionate basis through the tender offer route at a price of Rs 335 per share payable in cash for an aggregate consideration not exceeding Rs 3650 crore which is not exceeding 25% of the aggregate fully paid up share capital and free reserves of the company as per audited accounts of the company for the financial year ended 31 March 2016. The announcement was made after market hours yesterday, 11 July 2016.

Tata Power Company announced that its board of directors at a meeting held yesterday, 11 July 2016, approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures upto an aggregate amount not exceeding Rs 3500 crore and for tenor not exceeding 3 years (debentures) from the date of issue on private placement basis to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the debentures under applicable laws. The announcement was made after market hours yesterday, 11 July 2016.

Quess Corp makes its debut on the secondary equity markets today, 12 July 2016. The company had priced its initial public offer (IPO) at Rs 317 per share -- the top end of the Rs 310 to Rs 317 per share price band for the issue. The IPO had received strong response from investors. The proceeds from the IPO will be used for funding expansion of business, potential acquisition opportunities, for repayment of loan from the Bank of Nova Scotia and for meeting working capital requirements. Quess Corp provides comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services.

Based on consolidated financial performance, Quess Corp registered net profit of Rs 88.52 crore on revenue from operations of Rs 3435.01 crore for the year ended 31 March 2016.

HDFC announced after market hours yesterday, 11 July 2016 that it will issue its first unrated synthetic rupee denominated Notes aggregating Rs 2000 crore with an option to retain oversubscription of upto Rs 1000 crore. The bonds will bear a fixed coupon and will have a tenor of 3 years and 1 month. The company proposes to list the Notes on the London Stock Exchange. Pricing will take place on or before 15 July 2016, subject to market conditions. The settlement shall be in the next week.

IL&FS Investment Managers announced that its board of directors at a meeting held yesterday, 11 July 2016, decided to subscribe to 2 lakh equity shares issued by IIML Asset Advisors (IAAL), its wholly owned subsidiary. The shares will be subscribed at a price of Rs 190 per share for a total consideration of Rs 3.80 crore. The announcement was made after market hours yesterday, 11 July 2016.

Shriram EPC announced that its board of directors at a meeting held yesterday, 11 July 2016, transacted conversion of the working capital term loan of the corporate debt restructuring (CDR) lenders into equity shares of the company to the maximum extent of Rs 1280 crore, subject to the shareholders and other regulatory approvals, at a price to be determined as per regulations. The board also transacted preferential issue to the holding company - SVL (erstwhile Shriram Industrial Holdings) of Rs 265 crore subject to shareholders and other regulatory approvals, at a price to be determined as per regulations. The announcement was made after market hours yesterday, 11 July 2016.

Bharat Seats turns ex-dividend today, 12 July 2016, for dividend of Rs 0.90 per share for the year ended 31 March 2016 (FY 2016).

Karur Vysya Bank turns ex-dividend today, 12 July 2016, for final dividend of Rs 4 per share for the year ended 31 March 2016 (FY 2016).

Shreyas Shipping Logistics turns ex-dividend today, 12 July 2016, for dividend of Rs 1.30 per share for the year ended 31 March 2016 (FY 2016).

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IndusInd Bank in spotlight ahead of Q1 results
Jul 11,2016

Shares of IndusInd Bank will be in spotlight as the bank is scheduled to announce its Q1 June 2016 earnings today, 11 July 2016.

Shares of Punjab National Bank (PNB) will be in focus after the Reserve Bank of India (RBI) notified on Friday, 8 July 2016 that the aggregate foreign share holding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Direct Investment (FDI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) under Portfolio Investment Scheme (PIS) in PNB has gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Hence, the restrictions placed on the purchase of shares of PNB are withdrawn with immediate effect.

IT stocks may edge lower on media reports that a bipartisan group of two US lawmakers has introduced in the House of Representatives a legislation, which if passed by the Congress would prevent Indian companies from hiring IT professionals on H-1B and L1 work visas. US is the biggest outsourcing market for Indian IT firms. The revenue model of many large-cap Indian IT companies is heavily dependent on H-1B and L1 visas in the US.

The H-1B is a non-immigrant visa in the United States which allows US employers to temporarily employ foreign workers in specialty occupations. The US L1 visa is a non-immigrant visa which allows companies operating both in the US and abroad to transfer certain classes of employee from its foreign operations to the US operations for up to seven years.

Bharti Airtel yesterday, 10 July 2016 announced that the transaction for acquisition of rights to use 20 MHz 2300 Band 4G TD spectrum from Aircel was successfully concluded for 6 out of 8 circles barring Andhra Pradesh and Orissa, following the receipt of all necessary approvals and satisfying all the conditions. Bharti Airtel said it will update the exchanges when the transactions for the remaining circles of Andhra Pradesh and Orissa are completed.

Tata Steel after trading hours on Friday, 8 July 2016, announced that it has entered into discussions with strategic players in the steel industry, including Thyssenkrupp AG for a strategic collaboration for its European businesses. The decision has been taken as an alternative to the ongoing process for the divestment of loss making Tata Steel UK. Tata Steel said that the discussions for strategic collaboration are currently at preliminary stage and there is no certainty of a transaction as the outcome depends on consultation and negotiations with various stakeholders. Tata Steel also said it would begin separate processes for the sale of its South Yorkshire specialty steels business and the Hartlepool pipe mills, excluding the 20-inch tube mill, in the UK. Tata Steel has already received interest from several bidders for these two businesses and the formal process for the sale of the businesses will commence shortly.

Shares of engineering and construction major L&T will be in focus as the companys subsidiary and IT outsourcing services provider Larsen & Toubro Infotech known as L&T Infotechs initial public offer (IPO) commences today, 11 July 2016. L&T Infotechs promoter L&T is selling a part of its stake through the IPO of L&T Infotech. L&T Infotech will not get any funds from the IPO and the entire sale proceeds will go to parent L&T. L&T is selling 1.75 crore shares of L&T Infotech through the IPO. The price band for the IPO has been fixed at Rs 705-710 per share. The IPO opens for bidding today, 11 July 2016 and closes on Wednesday, 13 July 2016.

Shares of Axis Bank, ITC and L&T will be in focus as media reports suggested that the central government has finally made up its mind to sell minority stakes held in many listed and unlisted companies through the Specified Undertaking of the Unit Trust of India (SUUTI), in a bid to meet its asset-sale target. The government invited bids from bankers for the mandate to manage the stake-sale process, reports suggested.

SUUTI held 11.53% stake in Axis Bank, 11.14% in ITC and 8.15% stake in L&T as per the shareholding pattern as on 31 March 2016.

Shares of Wipro turn ex-dividend today, 11 July 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016.

Shares of JSW Energy turn ex-dividend today, 11 July 2016, dividend of Rs 2 per share for the year ended 31 March 2016.

Shares of GHCL turn ex-dividend today, 11 July 2016, for dividend of Rs 3.50 per share for the year ended 31 March 2016.

Shares of Exide Industries turn ex-dividend today, 11 July 2016, for final dividend of Rs 0.80 per share for the year ended 31 March 2016.

Shares of Jammu & Kashmir Bank turn ex-dividend today, 11 July 2016, for dividend of Rs 1.75 per share for the year ended 31 March 2016.

Shares of Onward Technologies turn ex-dividend today, 11 July 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016.

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RIL will be watched after Reliance Jio raises funds by issuing bonds
Jul 08,2016

Reliance Industries (RIL) will be watched. Reliance Jio Infocomm (RJIL), a subsidiary of RIL, yesterday, 7 July 2016, issued Rs 2000 crore of 5 year Non-Convertible Debentures (NCDs), bearing a coupon of 8.32% per annum, payable annually. The issue has been assigned a rating of AAA by CRISIL and CRA. The proceeds of the issuance shall be utilized by RJIL for rolling out a digital services business in India. The announcement was made after market hours yesterday, 7 July 2016.n++

The transaction was fully subscribed within minutes of opening and was eventually over-subscribed with a total book size in excess of Rs 3500 crore, Reliance Jio said. Key investors include the prominent asset management companies and banks. Reliance Jio Infocomm is the first telecom operator to hold pan India Unified License. RJIL has created next-generation voice and broadband network which can be seamlessly upgraded even to 5G and beyond.

Bank of India said it raised Rs 1500 crore by issuing Basel-III compliant Tier II Bonds (Series-XII). The bonds have been rated as AA (+) by CRISIL and AA (+) by Brickwork and bear coupon rate of 8.57% per annum. The announcement was made after market hours yesterday, 7 July 2016.n++

Mahindra Holidays & Resorts said that its step-down subsidiary, Holiday Club Resorts Oy, Finland, has signed a joint venture (JV) agreement with City of Kuusamo for establishment of Tropiikin Rantasauna Oy. Holiday Club Resorts will hold 50% stake in Tropiikin. Shares worth 62500 euros will be acquired at the time of formation of Tropiikin, Mahindra Holidays & Resorts said. The announcement was made after market hours yesterday, 7 July 2016.n++

In a separate announcement after market hours yesterday, 7 July 2016, Mahindra Holidays & Resorts India said that Caribia Service Oy, Finland (Caribia), subsidiary of Holiday Club Resorts Oy, Finland, (HCR), a step-down subsidiary of the company, has been liquidated with effect from 4 July 2016. Consequently, Caribia ceased to be a subsidiary of HCR. In turn of the company and all the assets lying in its books were transferred to HCR being the sole shareholder of Caribia.

Sundaram Multi Pap said that its board has approved raising up to Rs 30 crore by issuing share warrants to the promoter and promoter group and by issuing fully paid up equity shares or issuing debentures by qualified institutional placements (QIP)/preferential issue. The announcement was made after market hours yesterday, 7 July 2016.n++

Indo Count Industriesn++announced that Indo Count Global, Inc, US announced a new licensing partnership with Walker Greenback PLC UK for three of its lifestyle brands viz. Sanderson, Harlequin and Scion. All three brands hava a particularly strong presence in UK and Australia and Indo Count said it recognized a gap in the North American market for this type of aesthetic. Indo Count said it will be launching new ranges for all three lifestyle brands this September during New York Home Textile Market Week. Indo Count added that it is targeting major retailers in the US market for all the three brands. The announcement was made after market hours yesterday, 7 July 2016.n++

Shares of Abbott India turn ex-dividend today, 8 July 2016, for final dividend of Rs 35 per share for the year ended 31 March 2016.

Shares of Cairn India turn ex-dividend today, 8 July 2016, for final dividend of Rs 3 per share for the year ended 31 March 2016.

Shares of Dewan Housing Finance Corporation turn ex-dividend today, 8 July 2016, for final dividend of Rs 2 per share for the year ended 31 March 2016.

Shares of MindTree turn ex-dividend today, 8 July 2016, for final dividend of Rs 3 per share for the year ended 31 March 2016.

Shares of Tata Coffee turn ex-dividend today, 8 July 2016, for dividend of Rs 1.30 per share for the year ended 31 March 2016.

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NBCC (India) in focus after winning orders
Jul 07,2016

NBCC (India) announced that it has secured a total business of about Rs 587.47 crore in June 2016. The announcement was made after market hours on Tuesday, 5 July 2016.

Tata Power Company announced that a meeting of its board of directors is scheduled on 11 July 2016, inter-alia to consider issuing non-convertible debentures on private placement basis, within the limits approved by the shareholders of the company. The announcement was made on Wednesday, 6 July 2016.

Shares of Axis Bank turn ex-dividend today, 7 July 2016, for dividend of Rs 5 per share for the year ended 31 March 2016. Before turning ex-dividend, the stock offered a dividend yield of 0.91% based on its closing price of Rs 543.90 on the BSE on Tuesday, 5 July 2016.

Shares of Swaraj Engines turn ex-dividend today, 7 July 2016, for total dividend of Rs 33 per share for the year ended 31 March 2016. This includes a special dividend of Rs 18 per share. Before turning ex-dividend, the stock offered a dividend yield of 2.66% based on its closing price of Rs 1,238.65 on the BSE on Tuesday, 5 July 2016.

Shares of Reliance Industries (RIL) will be in focus. GenNext Hub accelerated startup Dont Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels, has raised $250,000 funding from Venture Catalysts (VCats). GenNext Hub is a part of the four-month Scalerator Program backed by RIL and powered by Microsoft Accelerator India. GenNext Hub helps high-growth startups scale up fast through mentoring, funding, the RIL-Microsoft connect, and other resources. The announcement was made yesterday, 6 July 2016, when stock markets were closed for a public holiday.

Bank stocks will be in focus after the government finalized interest subvention scheme for farmers for the year 2016-17. The government will provide interest subvention of 5% per annum to all farmers for short term crop loan upto one year for loan upto Rs 3 lakh borrowed by them during the year 2016-17. In case farmers do not repay the short term crop loan in time, they would be eligible for lower interest subvention of 2% as against 5%. The government has approved interest subvention of 2% to farmers for loans upto 6 months for the post-harvest storage of farm produce. To provide relief to the farmers affected by natural calamities, interest subvention of 2% will be provided to banks for the first year on the restructured amount. The announcement hit the market after trading hours on Tuesday, 5 July 2016.

Telecom stocks will be in focus after the Narendra Modi government at the centre appointed Manoj Sinha as new Minister of Communications with independent charge in place of Ravi Shankar Prasad after splitting the Communications and Electronics & Information Technology ministry. Prasad continues to remain the minister of Electronics & Information Technology. After inducting 19 new Ministers of State, the Modi government on Tuesday, 5 July 2016, also announced a reshuffle of portfolios among the members of the Union Council of Ministers in a late night surprise announcement.

Shares of companies involved in the education sector will be in focus after Prakash Javadekar was made the new Human Resource Development minister in place of Smriti Irani. Irani has been made the new textiles minister.

Stocks of mining companies will be in focus after Piyush Goyal was given additional charge of the mines ministry (Independent Charge). The reshuffle of the portfolios has seen Chaudhary Birender Singh getting the steel ministry. Narendra Singh Tomar was earlier holding both mines and steel ministry portfolios.

Equitas Holdings will be watched. The Reserve Bank of India (RBI) has curbed foreign portfolio investors to buy shares in Equitas Holdings as foreign shareholding has reached prescribed limit.

RBI notified on Tuesday, 5 July 2016, that the aggregate foreign shareholding through American Depository Receipts (ADR)/ Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs)/ Foreign Direct Investment (FDI)/ Non-Resident Indians (NRI)/ Persons of Indian Origin (PIOs) in Equitas Holding has reached the trigger limit. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of RBI.

HCL Infosystems announced yesterday, 6 July 2016, that India Ratings and Research (Ind-Ra) has revised its long-term issuer rating of the company from IND A to IND A-. The outlook is stable.

Vakrangee announced corporate agency tie up with Religare Health Insurance Company (Religare) to distribute health insurance product through Vakrangee distribution network. Vakrangee said that citizens, especially in un-served and undeserved areas shall be able to access health insurance products and services offered/to be offered by Religare. The announcement was made after market hours on Tuesday, 5 July 2016.

Gujarat Industries Power Company (GIPCL) announced yesterday, 6 July 2016, that Solar Energy Corporation of India (SECI) has issued two letters of intent (LOIs) to GIPCL for 2x40 megawatts (MW) solar power project in Gujarat Solar Park, Village Charanka under National Solar Mission Phase-II, Batch IV.

3i Infotech announced yesterday, 6 July 2016, that the foreign currency convertible bond (FCCB) committee of the board approved issuing new FCCBs in exchange for two separate sets of existing FCCBs.

The FCCB committee approved issuing FCCBs of up to $52 million to the existing bondholders of the company, in exchange for the existing FCCB of $125.35 million, 5%, convertible bonds due 2017 (the 5% bonds) and $2.43 million, 4.75%, convertible bonds due 2017 (the 4.75% bonds, and together with the 5% bonds, the existing bonds). The board also approved amendment to the terms of the existing bonds.

The new bonds will be listed on Singapore Exchange Securities Trading. The FCCB issue opened on 5 July 2016. The floor price for the conversion of the bonds shall carry face value of Rs 10. The company has also issued notices to convene a meeting of the holders of the existing bonds on 27 July 2016 for approving the aforesaid amendments to the terms of the existing bonds.

Fiem Industries announced that it has received letter of intent for design, manufacture and supply of self-ballasted 9-watt LED bulbs with 3-year warranty from Energy Efficiency Services (EESL). The order is for 22.14 lakh LED bulbs. The order value is Rs 12.31 crore. The supply period is one month. The announcement was made after market hours on Tuesday, 5 July 2016.

PC Jeweller announced the opening of its new jewellery showroom in Bhubaneswar, Odisha. The new showroom is spread across a total area of 6,400 square feet. With the latest addition, the company now has 63 showrooms in 52 cities in India. The announcement was made after market hours on Tuesday, 5 July 2016.

Somany Ceramics announced that it has issued commercial paper of Rs 25 crore dated 5 July 2016, having maturity on 28 September 2016. The issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing, Somany said. The announcement was made after market hours on Tuesday, 5 July 2016.

Skipper announced yesterday, 6 July 2016 that it has further expanded its international business by bagging new orders worth about Rs 100 crore in the countries of Kenya, Cameroon, Congo, Ghana & Malaysia as well as in the domestic market. These orders are for supply of transmission & sub-station towers, distribution poles and steel angles. The company has further received approval from Power Grid Corporation of India (PGCIL) for its poles division.

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UltraTech Cement, Jaiprakash Associates in spotlight after Jaypee Cement deal
Jul 05,2016

Shares of Ultra Tech Cement (UTCL) and Jaiprakash Associates (JAL) will be watched. The board of directors of JAL approved an amendment to the definitive agreement dated 31 March 2016 and also the draft scheme of arrangement with UTCL for sale of cement business of JAL and its wholly-owned subsidiary, Jaypee Cement Corporation (JCCL) comprising identified operating cement plants with an aggregate capacity of 17.20 MTPA spread over the states of Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh besides a grinding unit of 4 MTPA capacity which is currently under implementation in Uttar Pradesh. The total enterprise value now agreed is Rs 16189 crore. An additional amount of Rs 470 crore shall be paid by UTCL for completion of the grinding unit under implementation.

The transaction is subject to various regulatory approvals including the approval of stock exchanges, Competition Commission of India, financial institutions & banks, shareholders & creditors and sanction of the scheme of arrangement by High Courts at Mumbai and Allahabad. The consummation of transaction is expected to take 9 to 12 months.

On this occasion, Manoj Gaur, executive chairman, Jaypee Group said that the Jaypee Group is determined to reduce its overall debt through its proactive divestment initiatives to help the group tide these current turbulent times caused by economic slowdown in the country. He added that post this deal, Jaypee Group shall retain an aggregate cement manufacturing capacity of 10.60 MTPA with plants spread in the states of Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and Karnataka. The group would continue to leverage expertise in the fields of engineering & construction, real estate and project execution in a committed manner.

Punjab & Sind Bank announced lending rates based on marginal cost of funds to be effective from 4 July 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 9.2%, for one month will be 9.3% and for three months will be 9.45%. The MCLR on 6-month loans will be 9.55% and for one-year loans the rate would be 9.6%, the bank said. The announcement was made after market hours yesterday, 4 July 2016.

IDBI Bank announced lending rates based on marginal cost of funds to be effective from 1 July 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 8.60%, for one month will be 9% and for three months will be 9.15%. The MCLR on 6-month loans will be 9.25% and for one-year loans the rate would be 9.30%, the bank said. MCLR for two-year loans would be at 9.55% and loans with three-year maturity would carry an MCLR of 9.70%, the bank said. The announcement was made after market hours yesterday, 4 July 2016.

IFCI said it sold 2.25 lakh shares in National Stock Exchange of India (NSE) at Rs 3,950 a share. IFCI has, however, put on hold selling its remaining 3.05% stake in NSE. The announcement was made after market hours yesterday, 4 July 2016.

Grasim Industries said that the operations have resumed at its staple fibre plant at Nagda in Madhya Pradesh in a phased manner with immediate effect. The company had suspended production at the plant since 5 June 2016 due to water shortage. However, with the onset of monsoon, the availability of water has improved. The announcement was made after market hours yesterday, 4 July 2016.

Diesel car makers like Mahindra & Mahindra and Tata Motors will be watched. The Supreme Court yesterday, 4 July 2016, reportedly reserved its order on the petition seeking modification in the apex court order banning registration of diesel vehicles of 2000 cc and above in the NCR. During the hearing, the centre told the apex court it is ready to conduct a multipronged study on diesel vehicles effect on environment and possibility of imposition of green cess. Asserting that it favoured removal of ban on registration of diesel vehicles above 2000 cc, the centre sought six weeks time for study and said that any cess should be decided by them. According to reports, the apex court on Friday, 1 July 2016, said that it might consider lifting the ban if a one-time environment compensation cess is introduced. The Supreme Court had on 16 December 2015 put a ban on diesel cars with cylinder displacement over 2000cc in Delhi NCR in a bid to curb pollution in the region. The major automobile manufacturers had moved the court to modify the order.

Fertiliser stocks will be in focus. The retail prices of non-urea fertilisers including Di-ammonium Phosphate (DAP) have been slashed by up to Rs 5,000 a tonne, Union Minister Ananth Kumar said in a press conference held yesterday, 4 July 2016. The state-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF) and National Fertilizers (NFL) have agreed to reduce the price of non-urea fertilisers, Kumar said. The retail price of DAP has been cut by Rs 2,500 a tonne, Muriate of Potash (MoP) by Rs 5,000 a tonne. For a bag of 50 kg, the effective rate for DAP would come down by Rs 125 and MoP by Rs 250. The rate cut, which would be effective immediately, would entail a benefit of Rs 4,500 crore to farmers, he said, adding the move would help promote balanced use of fertiliser.

Shares of Pokarna, Mold-Tek Technologies and Compuage Infocom will list on the National Stock Exchange of India (NSE) on 7 July 2016.

Bhushan Steel announced after market hours yesterday, 4 July 2016, that for the purpose of capacity addition from 4 million tons to 5 million tons per annum of hot strip mill of the company situated at Orissa, the company is taking shut down of said mill for about 20 days.

Techno Electric & Engineering Company said its board will meet on 14 July 2016, to consider issue of bonus shares. The announcement was made after market hours yesterday, 4 July 2016.

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Select auto stocks in focus after monthly sales disclosures
Jul 04,2016

Hero MotoCorp said its motorcycle sales rose 1.32% to 5.49 lakh units in June 2016 over June 2015. The company said it reported sales growth of 6.07% to 17.45 lakh units in Q1 June 2016 over Q1 June 2015 in spite of subdued rural demand. The company said it will soon introduce Splendor iSmart 110 motorcycle in the market - the first motorcycle to have been completely developed by the in-house research and development (R&D) team at Hero MotoCorp. The company further added that with the implementation of the 7th Pay Commission and the forecast of the above-average monsoon, it is optimistic about a pick-up in sales momentum. The announcement was made after market hours on Friday, 1 July 2016.

Tata Motors said that its total passenger and commercial (including exports) rose 8% to 44,276 vehicles in June 2016 over June 2015. Domestic sales of Tata commercial and passenger vehicles rose 8% to 38,673 units in June 2016 over June 2015. Passenger vehicles sales in the domestic market grew 22% to 12,509 units in June 2016 over June 2015. Sales of passenger cars rose by 37% to 11,705 units in June 2016 over June 2015, as Tata Motors hatchback sales grew by over a 100% at 7,126 units in June 2016, due to strong demand for the recently launched Tiago.

Sales of Tata Motors Light Commercial Vehicles (LCVs) rose 14% to 16,017 units in June 2016 over June 2015. Medium & Heavy Commercial Vehicles (M&HCV) sales fell 11% to 10,147 units in June 2016 over June 2015. The overall commercial vehicles sales in the domestic market rose 2% to 26,164 units in June 2016 over June 2015. The companys sales from exports rose 11% to 5,603 units in June 2016 over June 2015. The announcement was made after market hours on Friday, 1 July 2016.

TVS Motor Company said its total sales rose 11% to 2.47 lakh units in June 2016 over June 2015. Total two-wheeler sales rose 13.8% to 2.39 lakh units in June 2016 over June 2015. Domestic two-wheeler sales rose 16.4% to 2.06 lakh units in June 2016 over June 2015. Scooter sales rose 10.3% to 67,539 lakh units in June 2016 over June 2015. Motorcycle sales rose 7.6% to 95,465 lakh units in June 2016 over June 2015. Three-wheeler sales fell 35.77% to 7,128 lakh units in June 2016 over June 2015. Total exports fell 9.09% to 39,112 lakh units in June 2016 over June 2015. Three-wheeler exports fell 0.18% to 33,173 lakh units in June 2016 over June 2015.

Coal India and its subsidiaries achieved 99% of targeted production at 42.72 million tonnes in June 2016. The company achieved 95% of targeted offtake at 44.96 million tonnes in June 2016. The announcement was made after market hours on Friday, 1 July 2016.

Shares of State Bank of India (SBI) and Reliance Industries (RIL) will be watched. SBI and RIL signed shareholders agreement on 30 June 2016 for setting up payments bank. The subscription and shareholders agreement was signed by RIL as promoter with a 70% equity contribution and SBI as joint venture partner with 30% equity contribution on 30 June 2016. All requisite regulatory and statutory approvals will now be sought for operationalizing the payments bank. The announcement was made after market hours on Friday, 1 July 2016.

Bosch announced after market hours on Friday, 1 July 2016, that its board has approved buyback of 8.78 lakh fully paid up equity shares, or 2.796% equity, of the company at Rs 23,000 per share. The buyback offer aggregates to Rs 2019.76 crore, representing 24.99% of the paid-up share capital and free reserves. The buyback is subject to approval of the shareholders through a postal ballot process. The board has noted the intention of Robert Bosch GmbH, promoter of the company, to participate in the buyback.

Adani Ports and Special Economic Zone (APSEZ) announced on Saturday, 2 July 2016, that its board has accorded an in-principle approval for exploring the acquisition of TM Harbour Services. TM Harbour Services is engaged solely in providing tug services to The Dhamra Port Company (DPCL), a wholly owned subsidiary of APSEZ. The acquisition will help the company provide effective and efficient marine services to DPCL. The acquisition is subject to due diligence, final negotiations between the parties and obtaining of requisite regulatory approvals.

Wockhardt said it has given corporate guarantee to secure term loan of $250 million facility availed by Wockhardt Bio AG, a subsidiary of the company. The announcement was made after market hours on Friday, 1 July 2016.

Indian Hotels Company said that Samsara Properties, the companys indirect overseas wholly-owned subsidiary, has sold 51.75 lakh class A common shares of the face value of $0.01 each of Belmond, representing 5.1% of the total outstanding class A common shares for a net consideration of $49.57 million. The sale proceeds are being utilized largely for retirement of debt. Post the above sale, Samsara Properties continues to hold 0.44% of the class A common shares of Belmond. The announcement was made after market hours on Friday, 1 July 2016.

Jaiprakash Associates announced on Saturday, 2 June 2016, that the joint lenders forum meeting held to review the progress made so far on the corrective action plan, approved by the lenders in January 2015, has agreed for invocation of strategic debt restructuring (SDR) taking 28 June 2016 as reference date, subject to approval of lenders. Further, the company has informed that a meeting of the board of directors of the company is scheduled on 4 July 2016, to review the progress of the divestment plans and other related matters.

Jubilant Industries said that considering the unfavourable market conditions, the management of the companys material unlisted subsidiary, Jubilant Agri and Consumer Products, has decided to temporarily discontinue the operations of its manufacturing facility located at Rajasthan with immediate effect till further intimation. The facility was engaged in the production of single super phosphate.

The revenue contributed by this manufacturing facility for the financial year ended 31 March 2016 was Rs 4.01 crore and its networth as on 31 March 2016 was Rs 50.43 crore, constituting 0.66% of the companys consolidated revenue and 22.22% of the companys consolidated net worth. The announcement was made after market hours on Friday, 1 July 2016.

Camlin Fine Sciences said that the qualified institutional placement (QIP) committee of the company has approved the closure of the QIP on 1 July 2016. The committee approved the issue price of Rs 85.40 per share, which is at a discount of Rs 4.49 per share, to the floor price of Rs 89.89 per share, for the equity shares to be allotted to eligible qualified institutional buyers pursuant to the QIP issue. The announcement was made after market hours on Friday, 1 July 2016.

Mahanagar Telephone Nigam (MTNL) said it has received income tax refund worth Rs 112.95 crore for the assessment year 2000-2001. The amount includes Rs 52.35 crore towards interest on refund. The announcement was made after market hours on Friday, 1 July 2016.

Snowman Logistics clarified after market hours on Friday, 1 July 2016, that investment in its proposed project at Krishnapatnam be approximately Rs 17 crore, which will be financed through internal accruals.

Earlier on 22 June 2016, the company had informed that it was setting up a new facility at the Gateway Distriparks Logistics Park in Krishnapatnam which will have a capacity of 3,500 pallets of temperature controlled and dry warehousing. This facility can be further scaled up to 10,000 pallets in a phased manner within the next two years. The location is 7 kms from Krishnapatnam port, which currently services the requirements of Southern and Central Andhra Pradesh such as the newly developed Sri City industrial region, Eastern Karnataka, Northern Tamil Nadu and Eastern Maharashtra. The facility is scheduled to become operational by March 2017 and will cater to the EXIM trade including sea-food, meat, dairy products, pharmaceutical products, fruits and fruit pulp, the company added.

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Mahanagar Gas in focus on debut
Jul 01,2016

Shares of Mahanagar Gas will debut on the bourses today, 1 July 2016. The initial public offer (IPO) of city gas distribution firm Mahanagar Gas received bids for a total of 111.95 crore shares and its IPO was subscribed 64.55 times. The shares were allotted to the investors at Rs 421 per share, the top end of the Rs 380 to Rs 421 per share price band for the IPO. The IPO had opened for bidding on 21 June 2016 and closed on 23 June 2016.

Auto stocks will be in focus as these companies announce monthly sales volume data for June 2016.

Maruti Suzuki India (MSIL) announced after market hours yesterday, 30 June 2016, that it signed a memorandum of understanding (MoU)) with Government of Andhra Pradesh, to set up, manage and run Institute of Driving Training and Traffic Research at Venkatachalam village in Darsi, Prakasham district of the state.

The infrastructure spread across 20 acres of land will be provided by the Andhra Pradesh Government, while Maruti Suzuki will run and manage the institute. The facility to be built as per the MoRTH guidelines shall consist of an institute building, a hostel and training tracks will all required formation. The infrastructure is expected to be complete by 2018.Set up under the public-private-partnership (PPP) model, this will be Maruti Suzukis first IDTR in South India. Maruti Suzuki will undertake the training on lines of the other IDTRs including All Gujarat Institute of Driving, Technical Training and Research (AGIDTTR), Vadodara. The Company plans to collaborate with the various government departments like Tribal Development Department to promote road safety and driving as an employment opportunity among the tribal youth of Andhra Pradesh. The main focus is to make people employable hence additional training in personality, hygiene, courtesy and communication is imparted to the youth.

Boschs board of directors meet today, 1 July 2016, to consider a proposal for buyback of the companys equity shares.

Shares of public sector oil marketing companies (PSU OMCs) will be in focus after announcing a decrease in petrol and diesel prices. Indian Oil Corporation (IOCL) yesterday, 30 June 2016, announced a decrease in the price of petrol and diesel with effect from the midnight of 30 June/1 July 2016. Petrol price was decreased by Rs 0.89 per litre and diesel price was decreased by Rs 0.49 a litre at Delhi (including state levies) with corresponding price revision in other states. After the latest revision, petrol in Delhi costs Rs 64.76 per litre and diesel costs Rs 54.70 a litre.

Aviaition stocks will be in focus as aviation turbine fuel (ATF) prices were hiked by 5.47% to 49,287.18 per kiloliter in Delhi for domestic airlines from midnight of 30 June 2016 and 1 July 2016, IOCL said

Godrej Properties will be in focus. The company had earlier anounced about creation of Godrej Fund Management and its managed fund Godrej Residential Investment Program II (GRIP-II). The company announced after market hours yesterday, 30 June 2016, that GRIP II has made its first investment under the platform, whereby it has acquired 80% of the equity share capital in Godrej Greenview Housing (GGHPL), towards investing into the project Vihang, Thane. Pursuant to the above, GGHPL has ceased to be the subsidiary of Godrej Properties.

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Coal India in focus after signing agreement with Solar Energy Corporation
Jun 30,2016

Coal India announced signing two agreements with Solar Energy Corporation of India for implementation of solar power project in Madhya Pradesh. Coal India and Solar Energy Corporation of India (SECI) signed two agreements yesterday, 28 June 2016, for implementation of 200 megawatts (MW) solar power projects in Madhya Pradesh for the beneficial utilisation of solar power by Northern Coalfields (NCL) 100 and South Eastern Coalfields (SECL) at an estimated cost of Rs 650 crore. NCL and SECL are subsidiaries of Coal India. The announcement was made after market hours yesterday, 29 June 2016.

Metal and mining stocks will be in focus after the Union Cabinet yesterday, 29 June 2016, approved the National Mineral Exploration Policy (NMEP). The NMEP primarily aims at accelerating the exploration activity in the country through enhanced participation of the private sector.

Minda Industries board of directors considered and approved a 2-for-1 stock split and the acquisition of Panasonic Minda Storage Batteries India. The announcement was made after market hours yesterday, 29 June 2016.

Majesco and iSign Solutions Inc. (iSIGN) announced that iSIGN has joined Majescos partner ecosystem. Through this strategic partnership, Majesco will use iSIGNs electronic signature solution to deliver Majescos solutions to its insurance customers enhancing their digital footprint. The announcement was made after market hours yesterday, 29 June 2016.

LT Foods said that the company has incorporated a subsidiary named as LT Foods International in United Kingdom for strengthening its presence in Europe. Further, the company is evaluating the option to set up a facility in Europe to more effectively service customers in International markets. The announcement was made after market hours yesterday, 29 June 2016.

Gati Kausar, the temperature controlled supply chain solutions vertical of Gati, announced the launch of its first temperature controlled warehousing facility near Delhi, on National Highway 8. It is a state-of-the-art facility developed with superior technology and high quality design elements. The new facility is spread over 4 acres, and currently has a capacity of more than 5000 pallets. The announcement was made after market hours yesterday, 29 June 2016.

Sagar Cements said that the companys board of directors gave its in principle approval for acquisition of entire assets in the grinding unit of 1.81 lakh tons per annum capacity in Bayyavaram, Andhra Pradesh, owned by Toshali Cements for around Rs 60 crore. The acquisition will enable Sagar Cements to save its logistics cost and to introduce slag cement to cater markets in Visakhapatnam, Vizianagaram, Srikakulam and parts of Orissa.

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Bosch in focus as board to consider share buyback
Jun 29,2016

Bosch said that a meeting of the board of directors of the company will be held on 1 July 2016, to consider a proposal for buyback of the companys equity shares. The announcement was made after market hours yesterday, 28 June 2016.

Shares of HDFC Bank turn ex-dividend today, 29 June 2016 for dividend of Rs 9.50 per share for the year ended 31 March 2016.

L&T announced before market hours today, 29 June 2016 that the Red Herring Prospectus filed by the companys subsidiary L&T Infotech with the Registrar of Companies, Maharashtra, for an offer for sale (OFS) of shares by L&T has been approved on 28 June 2016. The offer of L&T Infotech will open for subscription on 11 July 2016 and close on 13 July 2016.

Dabur India turns ex-dividend today, 29 June 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016.

Havells India turns ex-dividend today, 29 June 2016, for final dividend of Rs 3 per share for the year ended 31 March 2016.

Kesar Terminals & Infrastructure said that a meeting of the board of directors of the company will be held on 1 July 2016, inter alia, to consider sub-division of equity shares of the company. The announcement was made after market hours yesterday, 28 June 2016.

Indo Borax & Chemicals said that the company will restart production activity from Pithampur plant from 29 June 2016, with an alternative arrangement of water supply. The announcement was made after market hours yesterday, 28 June 2016.

Great Eastern Shipping Company announced after market hours yesterday, 28 June 2016, that it has bought back and extinguished 100 secured and 550 unsecured debentures of Rs 10 lakh each, aggregating to Rs 65 crore.

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