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Natco Economicals appoints company secretary and compliance officer
Jul 06,2017

Natco Economicals announced the appointment of Shipra Mapara as company secretary & compliance officer of the Company with effect from 06 July 2017.

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Megasoft to hold AGM
Jul 06,2017

Megasoft announced that the 17th Annual General Meeting(AGM) of the company on 28 July 2017.

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Karuturi Global to hold board meeting
Jul 06,2017

Karuturi Global will hold a meeting of the Board of Directors of the Company on 12 July 2017 Approval of AGM,Directors report,appointment of Scrutinizer,ratification of auditors,any other matter with permission of Chairman.

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UltraTech Cement to hold board meeting
Jul 06,2017

UltraTech Cement will hold a meeting of the Board of Directors of the Company on 18 July 2017 to consider and approve the un-audited financial results of the Company for the quarter ended 30th June, 2017.

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National Fertilizers jumps after achieving record sale of fertilizers
Jul 06,2017

The announcement was made during market hours today, 6 July 2017.

Meanwhile, the S&P BSE Sensex was up 115.39 points, or 0.37% to 31,360.95. The S&P BSE Mid-Cap index was up 27.32 points, or 0.18% to 14,929.31.

On the BSE, 5.95 lakh shares were traded in the counter so far, compared with average daily volumes of 1.60 lakh shares in the past one quarter. The stock had hit a high of Rs 81.35 and a low of Rs 73.35 so far during the day. The stock hit a 52-week high of Rs 89.50 on 11 May 2017. The stock hit a 52-week low of Rs 29.65 on 22 November 2016.

The stock had underperformed the market over the past one month till 5 July 2017, sliding 10.88% compared with 0.18% rise in the Sensex. The scrip also underperformed the market in past one quarter, falling 5.14% as against Sensexs 4.40% rise. The scrip, however, outperformed the market in past one year, advancing 101.94% as against Sensexs 15.01% rise.

The mid-cap company has equity capital of Rs 490.58 crore. Face value per share is Rs 10.

National Fertilizer said that the company has achieved record sale of fertilizers, close to one million tons in the first quarter of the current financial year ending 31 March 2018 (FY 2018), witnessing a growth of more than 30% over the corresponding period of previous year.

Net profit of National Fertilizer surged 224.97% to Rs 89.01 crore on 13.41% rise in net sales to Rs 1863.13 crore in Q4 March 2017 over Q4 March 2016.

National Fertilizers is the second largest producer of urea in the country with a total share of 15.5% and largest urea producer amongst public sector urea producing companies. The company is engaged in producing and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate.

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Confidence Petroleum jumps over 6% in two sessions
Jul 06,2017

The announcement was made during trading hours today, 5 July 2017.

Meanwhile, the S&P BSE Sensex was up 111.78 points, or 0.36% to 31,357.34.

On the BSE, 18.95 lakh shares were traded in the counter so far, compared with average daily volumes of 6.23 lakh shares in the past one quarter. The stock had hit a high of Rs 17.97 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 16.41 so far during the day. The stock hit a 52-week low of Rs 4.87 on 7 July 2016.

The stock had outperformed the market over the past one month till 5 July 2017, rising 39.39% compared with 0.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 119.16% as against Sensexs 4.40% rise. The scrip had also outperformed the market in past one year, rising 248.89% as against Sensexs 15.01% rise.

The small-cap company has equity capital of Rs 25.88 crore. Face value per share is Re 1.

Shares of Confidence Petroleum India hit an upper circuit limit of 5% to settle at Rs 17.27 yesterday, 5 July 2017. The stock has risen 6.50% in two trading session from its close of Rs 16.45 on 4 July 2017.

Confidence Petroleum India will supply 30,16,352 LPG cylinders. The orders have been awarded by the BPCL, HPCL and Indian Oil Corporation, with an option of order for equivalent quantity next year, the company said in a statement.

On a consolidated basis, Confidence Petroleum India reported net loss of Rs 0.10 crore in Q4 March 2017 as against net profit of Rs 0.01 crore in Q4 March 2016. Net sales rose 69.74% to Rs 157.55 crore in Q4 March 2017 over Q4 March 2016.

Confidence Petroleum India is manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use.

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Page Industries reverses recent upmove on profit booking
Jul 06,2017

Meanwhile, the S&P BSE Sensex was up 170.38 points, or 0.55% at 31,415.94.

On the BSE, 727 shares were traded on the counter so far as against the average daily volumes of 1,309 shares in the past one quarter. The stock hit a high of Rs 18,048.80 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low a low of Rs 17,350 so far during the day. The stock had hit a 52-week low of Rs 12,360 on 24 November 2016.

The stock had outperformed the market over the past one month till 5 July 2017, rising 20.05% compared with 0.18% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 24.17% as against Sensexs 4.40% rise. The scrip also outperformed the market in past one year, advancing 30.19% as against Sensexs 15.01% rise.

The large-cap company has equity capital of Rs 11.15 crore. Face value per share is Rs 10.

Shares of Page Industries had gained 10.58% in the preceding four trading sessions to settle at Rs 17,955.65 yesterday, 5 July 2017, from its closing of Rs 16,238.35 on 29 June 2017. The recent gains came following the governments rollout of goods and services tax (GST) from 1 July 2017.

The governments decision to fix GST rate for apparel priced below Rs 1,000 at 5% is reportedly likely to have a positive impact on the companys volume growth and market position. Currently the company is estimated to pay an indirect tax of around 7%. With most of its products priced below Rs 1,000 per piece, product prices are expected to come down, aiding sales, reports indicated.

According to a brokerage, almost three-fourths of the companys products are priced below Rs 1,000 per piece. As the lower tax rate reduces the cost arbitrage between the organized and unorganized firms, companies like Page Industries are expected to gain competitive advantage, the brokerage reportedly said. Currently a significant part of the market is controlled by the unorganized sector.

Page Industries net profit rose 17.86% to Rs 66.79 crore on 13.25% increase in net sales to Rs 498.92 crore in Q4 March 2017 over Q4 March 2016.

Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture and distribution of the JOCKEY brand innerwear/leisurewear for men and women in India, Sri Lanka, Bangladesh, Nepal and UAE. Page Industries is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India.

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Water storage level of 91 major reservoirs of the country
Jul 06,2017

The water storage available in 91 major reservoirs of the country for the week ending on July 06, 2017 was 33.114 BCM, which is 21% of total storage capacity of these reservoirs. This percentage was at 19 for the week ending on June 29, 2017. The level of July 06, 2017 was 118% of the storage of corresponding period of last year and 90% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are six reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 5.49 BCM which is 31% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 26% and average storage of last ten years during corresponding period was 33% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 3.29 BCM which is 17% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 19% and average storage of last ten years during corresponding period was 20% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 6.82 BCM which is 25% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 12% and average storage of last ten years during corresponding period was 24% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 11.22 BCM which is 27% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 22% and average storage of last ten years during corresponding period was 19% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG(Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 6.30 BCM which is 12 % of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 14% and average storage of last ten years during corresponding period was 25% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Himachal Pradesh, Punjab, West Bengal, Tripura, Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Chhattisgarh and Telangana. States having lesser storage than last year for corresponding period are Rajasthan, Jharkhand, Odisha, Uttarakhand, AP&TG (Two combined projects in both states), Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu.

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Cochin Minerals & Rutile to hold board meeting
Jul 06,2017

Cochin Minerals & Rutile will hold a meeting of the Board of Directors of the Company on 17 July 2017 Quarterly Results

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Tata Global Beverages to hold board meeting
Jul 06,2017

Tata Global Beverages will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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Balmer Lawrie Investment to hold board meeting
Jul 06,2017

Balmer Lawrie Investment will hold a meeting of the Board of Directors of the Company on 27 July 2017 to fix the date of the forthcoming Annual General Meeting of the Company

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Aplaya Creations to hold board meeting
Jul 06,2017

Aplaya Creations will hold a meeting of the Board of Directors of the Company on 6 July 2017.

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Tata Global Beverages to hold AGM
Jul 06,2017

Tata Global Beverages announced that the 54th Annual General Meeting(AGM) of the company on 18 August 2017.

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Coromandel Agro Products and Oils to hold AGM
Jul 06,2017

Coromandel Agro Products and Oils announced that the 41th Annual General Meeting(AGM) of the company on 11 August 2017.

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6.22 lakh households in Delhi to be given water taps in next two years under Atal Mission
Jul 06,2017

All the seven Union Territories accounting for 16 Urban Local Bodies including the three Municipal Corporations of Delhi will become Open Defecation Free (ODF) by March next year. Respective Governments have committed to this effect during a two day review of progress of new urban missions that concluded here today.

Shri Venkaiah Naidu urged all the seven UTs to speed up implementation of various urban missions meant for improving infrastructure relating to sanitation, water supply and sewerage and affordable housing. He assured that all support will be provided to address capacity constraints of smaller UTs to help them pick up momentum.

During the review Delhi Government officials informed that 6.22 lakh households in Delhi will be provided with water taps over the next two years under Atal Mission for Rejuvenation and Urban Transformation (AMRUT). At present 23.78 lakh households accounting for 58% of the total 41 lakh households have water connections and this will be increased to 73% under AMRUT. Sewerage connectivity will be increased from the present 57% to 65% under AMRUT. Shri Naidu requested LG of Delhi to sort out issues related to forest and ridge lands and unauthorized colonies to ensure full coverage under water supply.

Progress of works under AMRUT in Delhi for which the Ministry of Urban Development approved an investment of Rs.802 cr for the five year period 2015-20 has been reviewed in detail.

Noting sanitation as a major area of concern in Delhi, Shri Naidu asked the Delhi Government and municipal bodies to focus on solid waste management and segregation of municipal waste at source.

It was assured that South and East MCDs will become Open Defecation Free by October this year while North MCD will do so by December this year. Only three of 201 individual household toilets for which demand has so far been received have been so far built besides 11,138 of the 22,891 community and public toilet seats required.

Of the 16 urban local bodies in the UTs, only three viz., New Delhi Municipal Council, Chandigarh and Mahe in Puducherry have become ODF so far. During the review, respective governments committed to make other 13 ULBs ODF by March next year.

Concern was also expressed over the three MCDs of Delhi not so far initiating work relating to Credit Rating and replacing old water pumpsets by energy efficient ones. It was assured that MoU in this regard will be signed with EESL by September this year.

Noting that an affordable housing need of over three lakh units in Delhi has been indicated based on earlier surveys, Shri Naidu urged DDA and Delhi Urban Shelter Improvement Board to act fast and in tandem and send all proposals at the earliest so that construction of houses can be completed by 2022.

NDMC has been asked to speed up execution of its smart city plan with focus on impactful projects like smart roads and smart parking, pedestrianisation of Connaught Place etc.

Shri Venkaiah Naidu thanked LG of Delhi Shri Anil Baijal for ensuring focus on sanitation in and overall development of Delhi since he assumed office and said that his experience and wisdom will help the cause of national capital.

Shri Naidu complimented Chandigarh for being the first city to ensure water taps to all the households under AMRUT. City officials informed that over 1,600 households have been provided with water taps further to which all the 2.10 lakh households now have taps.

Under the smart city plan of Chandigarh, 50 kms of cycle tracks have already been laid and work in respect of another 40 kms is in progress at a total cost of Rs.18 cr. Smart parking is being developed at 25 locations to accommodate over 50,000 vehicles. City officials also informed that work on retrofitting of Sector -43 at a cost of Rs.4,500 cr will begin by the end of current financial year. Chandigarhs smart city plan has been approved at a cost of Rs.6,272 cr, the highest of the 90 smart cities so far approved.

Shri Venkaiah Naidu stressed on the importance of quality urban infrastructure in UTs. He said that Delhi being the national capital is the point of convergence of hopes and aspirations of the people o0f the country leading to rising migrant population while Chandigarh, Andaman & Nicobar Islands and other smaller UTs are major tourist destinations.

He urged the Ministry officials to ensure necessary support to and hand holding of smaller UTs to speed up implementation of projects under the newly launched urban missions.

Reacting to the suggestion of taking up sweeping during night time, LG of Delhi Shri Anil Baijal asked municipal bodies to introduce mechanized sweeping during night time in identified areas to start with. He stressed on the need to look at the staffing norms and quality standards to enhance the capacities of municipal bodies in the context of new urban planning and execution approaches being introduced under Smart City Mission and other initiatives.

LG of Andaman & Nicobar Islands Prof. Jagdish Mukhi suggested deployment of Project Management Units to smaller UTs for two years to address constraints in this regard besides strengthening broadband connectivity.

Puducherry Chief Minister Shri V.Narayanasamy referred to the problem of sand availability in the UT and the efforts being made to ensure toilet construction in time. He assured that LED lighting will be completed at the earliest.

Urban Development Minister of Delhi Shri Satyendra Jain stated that the focus in the national capital is on building community and public toilet seats since those who have land built individual household toilets. He suggested changes in Master Plan of Delhi so that government hospitals and other institutions are not required to meet parking norms at par with private entities.

With this review, Shri M.Venkaiah Naidu has completed review of progress of urban missions in 29 States and UTs so far.

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