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Indian Oil Corporation fixes record date for 2nd interim dividend
Mar 23,2017

Indian Oil Corporation has fixed 27 March 2017 as record date for payment of 2nd interim divided.

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Bharat Petroleum Corporation fixed record date for 2nd interim special dividend
Mar 23,2017

Bharat Petroleum Corporation has fixed 27 March 2017 as record date to determine the eligibility of the shareholders to receive the said 2nd Interim Special Dividend. The dividend will be paid or the warrant in respect thereof will be posted on or before 21 April 2017.

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Amba Enterprises fixes record date for interim dividend
Mar 23,2017

Amba Enterprises has fixed 31 March 2017 as record date for payment of interim dividend for financial year 2016-17.

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FPIs extends buying
Mar 23,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 216.28 crore from the secondary equity markets yesterday, 22 March 2017, compared with net inflow of Rs 1621.85 crore on 21 March 2017. On that day, the Sensex fell 317.77 points or 1.08% to settle at 29,167.68, its lowest closing level since 10 March 2017.

The net inflow of Rs 216.28 crore on 22 March 2017 was a result of gross purchases of Rs 6619.67 crore and gross sales of Rs 6403.39 crore.

There was a net outflow of Rs 5.71 crore from the category primary market & others on 22 March 2017, which was a result of gross purchases of Rs 0.20 crore and gross sales of Rs 5.91 crore.

FPIs bought stocks worth a net Rs 20377.53 crore in March 2017 so far (till 22 March 2017). They had purchased stocks worth a net Rs 8322.23 crore in February 2017. FPIs have purchased shares worth a net Rs 27384.63 crore from the secondary equity markets in calendar year 2017 so far (till 22 March 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There was a net inflow of Rs 793.65 crore from FPIs into the category primary market & others in March 2017 so far (till 22 March 2017). FPIs bought stocks worth a net Rs 1579.95 crore from the category primary market & others in February 2017. FPIs have purchased shares worth a net Rs 2512.13 crore from the category primary markets & others in calendar year 2017 so far (till 22 March 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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NTPC appoints company secretary
Mar 23,2017

NTPC announced that Kalyan Prasad Gupta, Executive Director, has taken over the charge as Company Secretary (KMP) of NTPC with effect from 22 March 2017

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Sunil Hitech Engineers receives LoA from NHAI
Mar 23,2017

Sunil Hitech Engineers (SHEL) has recently been mandated through a Letter of Award (LoA) from National Highways Authority of India (NHAI) to construct and widen the existing 2-lane Bodhre to Dhule road section of NH-211 to four/six lane configuration in the State of Maharashtra for a bid project cost of Rs. 982 crore on Hybrid annuity Model (HAM).

The construction of the 67.2 km road also include 2 new ROBs, 6 underpasses, 4 major bridges, 26 minor bridges and 2 new bypasses.

The Company will be signing the Concession Agreement soon. The construction period is 2.5 years.

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The nuclear power plants in the country are presently operating close to their rated capacity
Mar 23,2017

The Government, in July 2014, had announced tripling of the then existing capacity of 4780 MW in the next ten years. With the commencement of commercial operation of Kudankulam Nuclear Power Project (KKNPP), Unit-1 (1000 MW) in December 2014, the installed nuclear power capacity in the country has reached 5780 MW. In addition, KKNPP, Unit-2 (1000 MW) has been connected to the grid for the first time in August-2016 and is presently generating infirm power. On commencement of commercial operation of KKNPP-2, the installed nuclear power capacity in the country will reach to 6780 MW.

Further, four reactors with a total capacity of 2800 MW are under construction and four more reactors with a total capacity of 3400 MW have been accorded sanction by the Government. Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI), a public sector company under Department of Atomic Energy (DAE), is building one 500 MWe capacity Prototype Fast Breeder Reactor (PFBR) at Kalpakkam, Tamil Nadu. PFBR is expected to be functional by October 2017. On progressive completion of these projects, the installed nuclear capacity will reach 13480 MW. More reactors based on both indigenous technologies and with foreign technical cooperation are also planned in future.

The present share of nuclear energy in the country is about 3.2% in the current financial year 2016-17 (up to Feb-2017).

The nuclear power plants in the country are presently operating close to their rated capacity.

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Best Steel Logistics provides business update
Mar 23,2017

Best Steel Logistics announced that the Company has done 87,230 Metric ton of Logistics businesses in the last five months ending on February 2017.

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NTPC commissions 2nd unit of 800 MW of Kudgi Super Thermal Power Station
Mar 23,2017

NTPC has commissioned 2nd unit of 800 MW of Kudgi Super Thermal Power Station (3 X 800 MW) has been commissioned. With this, the commissioned capacity of Kudgi Super Thermal Power Station, NTPC and NTPC group has become 1600 MW, 42977 MW and 49943 MW respectively.

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Dilip Buildcon secures three road projects in Maharashtra
Mar 23,2017

Dilip Buildcon announced that the Company has been L1 for order valued Rs 3269 crore by NHAI in Maharashtra for three projects -

1. Four Laning of Mahagaon to Yavatmal section of NH-361 from Km 320.580 to Km 400.575 (Package-II) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity mode at a Project cost of Rs. 1160.64 crore.

2.Four Laning of Yavatmal to Wardha section of NH-361 from Km 400.575 to Km 465.500 (Package-III) in the state of Maharashtra under NHDP Phase IV on Hybrid Annuity Mode at a Project cost of Rs. 1043.28 crore.

3.Four Laning of Wardha-Butibori Section of NH-361 from km 465.500 to km 524.690 (design length 59.190 km) under NH (O) in the State of Maharashtra on Hybrid Annuity Modeat a Project cost of Rs. 1065.51 crore.

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Marathon Nextgen Realty provides update on buyback of shares
Mar 23,2017

Marathon Nextgen Realty has received intimation from Promoter - Ithaca Informatics vide letter dated 22 March 2017, in respect of its intention to participate and tender upto 54,37,345 no. of Equity Shares in the proposed buy-back of Equity Shares of the Company.

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Arvind SmartSpaces allots 25.75 lakh equity shares
Mar 23,2017

Arvind SmartSpaces has allotted 25,75,000 equity shares of Rs 10 each at a premium of Rs 78 per share to promoters and promoter group entities on conversion of warrants. Consequently, the paid up equity share capital has increased to Rs 28.40 crore comprising of 2,84,09,307 equity shares of Rs 10 each and shareholding of promoter and promoter group has increased to 52.12% of the expanded capital of the company.

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Sobha spurts over 16% in three sessions
Mar 23,2017

Meanwhile, the S&P BSE Sensex was up 175.36 points, or 0.60% to 29,343.04.

On the BSE, 3.43 lakh shares were traded in the counter so far, compared with average daily volumes of 18,735 shares in the past one quarter. The stock had hit a high of Rs 381.90 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 339 so far during the day. The stock hit a 52-week low of Rs 224.05 on 22 November 2016.

The stock had outperformed the market over the past one month till 22 March 2017, rising 17.78% compared with 1.41% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 38.75% as against Sensexs 12.27% rise.

The small-cap company has equity capital of Rs 96.30 crore. Face value per share is Rs 10.

Shares of Sobha have risen 16.12% in three sessions from its close of Rs 315.20 on 20 March 2017.

On a consolidated basis, net profit of Sobha rose 7.95% to Rs 39.40 crore on 24.37% rise in net sales to Rs 540 crore in Q3 December 2016 over Q3 December 2015.

Sobha Group is one of the largest real estate organisations in India and the Middle East. It has presence in 24 cities and 13 states across India and throughout the Middle East.

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Foreign brokerage rating lifts Dish TV
Mar 23,2017

Meanwhile, the S&P BSE Sensex was up 175.36 points or 0.6% at 29,343.04.

On the BSE, 1.86 lakh shares were traded on the counter so far as against the average daily volumes of 17.59 lakh shares in the past one quarter. The stock had hit a high of Rs 108.90 and a low of Rs 106.55 so far during the day.

The stock had hit a 52-week high of Rs 109.90 on 1 August 2016 and a 52-week low of Rs 76.90 on 9 November 2016. The stock had outperformed the market over the past one month till 22 March 2017, advancing 12.97% compared with the Sensexs 1.05% rise. The scrip had also outperformed the market over the past one quarter, gaining 27.02% as against the Sensexs 12.27% rise.

The large-cap company has equity capital of Rs 106.60 crore. Face value per share is Rs 1.

On a consolidated basis, Dish TV Indias net profit fell 61% to Rs 26.68 crore on 3.5% decline in net sales to Rs 741.74 crore in Q3 December 2016 over Q3 December 2015.

Dish TV is Asia Pacifics largest direct-to-home (DTH) company and part of one of Indias biggest media conglomerate - the Zee Group.

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Horticulture becomes a key driver for economic development in many States: Shri Singh
Mar 23,2017

The Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh has said that there is tremendous potential for development of the horticulture sector and there is need to ensure focused attention for harnessing available potential through scaling up ongoing interventions.

Shri Singh said that this session not only deliberate on the achievements and challenges facing the horticulture sector, including Mission for Integrated Development of Horticulture (MIDH) but also discuss The Horticulture sector in our country refers to a wide variety of crops, including fruits, vegetables, tuber crops, mushroom, ornamental plants including cut flowers, spices, plantation crops, medicinal and aromatic plants and the sector has become a key driver for economic development in many states.

Agriculture Minister stated that India is currently producing about 286 million tonnes of horticulture produce from an area of about 24.4 million hectare, accounting for about 13 percent of the total world production of fruits and leads the world in the production of mango, banana, papaya, sapota, pomegranate, acid lime and aonla.

Shri Singh informed the session that India is the second largest producer of vegetables after China and is a leader in production of vegetables like peas and okra. Besides, India occupies the second position in production of brinjal, cabbage, cauliflower and onion and third in potato and tomato in the world. Special thrust is being given for production of vegetables under protected cultivation under Mission for Integrated Development of Horticulture (MIDH).

The Minister said that there are numerous success stories, for example, banana in Maharashtra and Tamil Nadu, guava & tomato in Chattisgarh, pomegranate and mango in Gujarat, pineapple in Nagaland, kiwi in Arunachal and orchids in Sikkim, off season vegetables in Uttarakhand, etc - the challenge is to complement the sector with food processing, cold-chain agro logistics, agri-business, input related services, agricultural lending, insurance and value chain related services.

Shri Singh said that in case of Horticulture, cold-chain strengthens the total value chain system and enables socio-economic transformation of farmers. To double farmers income, cold-chain plays an important role in ensuring that farmers can recover value from produce to result in gainful economic productivity.

Agriculture Minister said that it is equally essential to ensure the development of trained and skilled manpower and availability of quality planting material suitable to the local agro climatic conditions. Human resource development needs to be given thrust for capacity building of farmers, horticulture entrepreneurs/supervisors and field functionaries. Establishment of crop based Centres of Excellence is being encouraged in each state to serve as a hub for supply of planting material and dissemination of technology to farmers. So far 27 CoEs have been established with Indo-Israel collaboration and more are in the pipeline with collaboration with other countries.

The Minister hoped that deliberations of the In-Session Consultative Committee would help bring a clearer insight of the lead role that horticulture must play in improving livelihood options, diversification of agriculture, and higher income to farmers.

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