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Country Condos to discuss results
Aug 03,2017

Country Condos will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Sumedha Fiscal Services to table results
Aug 03,2017

Sumedha Fiscal Services will hold a meeting of the Board of Directors of the Company on 12 August 2017.

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Emgee Cables & Communication to declare Quarterly Result
Aug 03,2017

Emgee Cables & Communication will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Cabinet apprised of MOU between India and Spain on India-Spain cooperation in renewable energy
Aug 03,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Spain on India-Spain Cooperation in renewable energy. The MoU was signed on 30th May, 2017 at Spain.

The MoU will help in strengthening bilateral cooperation between the two countries with the exchange of expertise and networking of information.

Both sides aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit equality and reciprocity. The MoU envisages to establish a Joint Working Committee to review, monitor and discuss matters relation to areas of cooperation.

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Ingersoll-Rand (India) slips after weak Q1 results
Aug 03,2017

The result was announced after market hours yesterday, 2 August 2017.

Meanwhile, the S&P BSE Sensex was down 178.55 points, or 0.55% to 32,298.19.

On the BSE, 1,948 shares were traded in the counter so far, compared with average daily volumes of 3,746 shares in the past one quarter. The stock had hit a high of Rs 860.50 and a low of Rs 828 so far during the day. The stock hit a 52-week high of Rs 940 on 3 May 2017. The stock hit a 52-week low of Rs 645 on 31 January 2017.

The stock had underperformed the market over the past one month till 2 August 2017, rising 1.36% compared with 4.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.37% as against Sensexs 7.80% rise. The scrip had also underperformed the market in past one year, rising 15.36% as against Sensexs 17.26% rise.

The small-cap company has equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Ingersoll-Rand (India) is primarily engaged in the business of manufacturing and sale of industrial air compressors of various capacities and related services, and its complete machines and spare parts.

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ICICI Bank allots 95,360 equity shares
Aug 03,2017

ICICI Bank has allotted 95,360 equity shares under ESOS on 31 July 2017.

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Five stocks drop ex-dividend
Aug 03,2017

Meanwhile, the S&P BSE Sensex was down 170.28 points or 0.52% at 32,306.46.

Fairchem Speciality fell 1.7% to Rs 440 as the stock turned ex-dividend today, 3 August 2017, for dividend of Rs 1 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.22% based on the closing price of Rs 447.60 on BSE yesterday, 2 August 2017.

Quick Heal Technologies lost 1.23% to Rs 209.55 as the stock turned ex-dividend today, 3 August 2017, for dividend of Rs 2.50 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 1.18% based on the closing price of Rs 212.15 on BSE yesterday, 2 August 2017.

HCL Technologies fell 1.12% to Rs 873.80 as the stock turned ex-dividend today, 3 August 2017, for interim dividend of Rs 2 per share for the year ending 31 March 2018. Before turning ex-dividend, the stock offered a dividend yield of 0.23% based on the closing price of Rs 883.70 on BSE yesterday, 2 August 2017.

Mindteck (India) lost 0.92% to Rs 75.80 as the stock turned ex-dividend today, 3 August 2017, for dividend of Rs 1 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 1.31% based on the closing price of Rs 76.5 on BSE yesterday, 2 August 2017.

Kajaria Ceramics fell 0.49% to Rs 654.75 as the stock turned ex-dividend today, 3 August 2017, for dividend of Rs 3 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.46% based on the closing price of Rs 657.95 on BSE yesterday, 2 August 2017.

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Board of GTPL Hathway recommends final dividend
Aug 03,2017

GTPL Hathway announced that the Board of Directors of the Company at its meeting held on 1 August 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Thacker & Company to announce Quarterly Result
Aug 03,2017

Thacker & Company will hold a meeting of the Board of Directors of the Company on 11 August 2017 Quarterly Results

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Bharat Bijlee to convene board meeting
Aug 03,2017

Bharat Bijlee will hold a meeting of the Board of Directors of the Company on 24 August 2017, to approve the Unaudited Financial Results for the quarter ended June 30, 2017

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JBF Industries to conduct board meeting
Aug 03,2017

JBF Industries will hold a meeting of the Board of Directors of the Company on 10 August 2017, to Consider Unaudited Financial Statements for the quarter ended on 30th June, 2017.

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Prime MinisterGÖs Employment Generation Programme (PMEGP) provides employment to an estimated 35.48 lakh persons since 2008-09 till 2016-17
Aug 03,2017

Prime Ministers Employment Generation Programme (PMEGP) is a credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth. Any individual above 18 years of age is eligible. For setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. General category beneficiaries can avail of margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to special categories such as scheduled caste/scheduled tribe/OBC /minorities/women, ex-serviceman, physically handicapped, NER, Hill and Border areas etc. the margin money subsidy is 35% in rural areas and 25% in urban areas.

The Scheme was launched during 2008-09. A total of 4.23 lakh micro enterprises have been assisted with a margin money subsidy of Rs 8695.27 crore providing employment to an estimated 35.48 lakh persons since 2008-09 till 2016-17 across the country including the State of Maharashtra.

The State/UT-wise details of number of micro units setup and Margin Money disbursed under PMEGP during the last two years is given as Annexure-I.

Details of the target fixed/achieved during last three years in Maharashtra State are as follows:

  (Rs. In lakh)

     YearTargetAchievementProjectsMargin MoneyEmployment GenerationProjectsMargin Money disbursedEmployment Generated2015-1648609718.423888024975285.03201612016-1730566111.302444823256001.3617799

Following steps have been taken by the Government for effective implementation of PMEGP

Scheme and achieving the targets:

In order to streamline the process of application flow and fund flow and to bring in transparency and better financial management and to prevent parking of funds at Nodal bank level an online PMEGP-MIS web portal has been introduced. All applications and fund flow will be processed online in stipulated time frame. 

Publicity is being made through print and electronic media, awareness camps at District level and State level are being organized in order to propagate the PMEGP scheme for the development of micro industries. 

Exhibitions are also conducted at district/state/zone and national level for providing       marketing support to the entrepreneurs/units. 

For speedy completion of EDP training, these are being conducted through    Departmental Training Centres as well as RSETIs/RUDSETIs as per MOU executed between KVIC & MCR.

Industries such as Khadi, processing of Pashmina Wool, handloom and power loom units, value added products for tea, coffee, rubber etc. and transport activities are now eligible for funding under PMEGP.

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Prime Ministers Employment Generation Programme (PMEGP) provides employment to an estimated 35.48 lakh persons since 2008-09 till 2016-17
Aug 03,2017

Prime Ministers Employment Generation Programme (PMEGP) is a credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth. Any individual above 18 years of age is eligible. For setting up of projects costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification. General category beneficiaries can avail of margin money subsidy of 25 % of the project cost in rural areas and 15% in urban areas. For beneficiaries belonging to special categories such as scheduled caste/scheduled tribe/OBC /minorities/women, ex-serviceman, physically handicapped, NER, Hill and Border areas etc. the margin money subsidy is 35% in rural areas and 25% in urban areas.

The Scheme was launched during 2008-09. A total of 4.23 lakh micro enterprises have been assisted with a margin money subsidy of Rs 8695.27 crore providing employment to an estimated 35.48 lakh persons since 2008-09 till 2016-17 across the country including the State of Maharashtra.

The State/UT-wise details of number of micro units setup and Margin Money disbursed under PMEGP during the last two years is given as Annexure-I.

Details of the target fixed/achieved during last three years in Maharashtra State are as follows:

n++ (Rs. In lakh)

n++n++n++n++ YearTargetAchievementProjectsMargin MoneyEmployment GenerationProjectsMargin Money disbursedEmployment Generated2015-1648609718.423888024975285.03201612016-1730566111.302444823256001.3617799

Following steps have been taken by the Government for effective implementation of PMEGP

Scheme and achieving the targets:

In order to streamline the process of application flow and fund flow and to bring in transparency and better financial management and to prevent parking of funds at Nodal bank level an online PMEGP-MIS web portal has been introduced. All applications and fund flow will be processed online in stipulated time frame.n++

Publicity is being made through print and electronic media, awareness camps at District level and State level are being organized in order to propagate the PMEGP scheme for the development of micro industries.n++

Exhibitions are also conducted at district/state/zone and national level for providing n++n++n++n++n++ marketing support to the entrepreneurs/units.n++

For speedy completion of EDP training, these are being conducted through n++n++ Departmental Training Centres as well as RSETIs/RUDSETIs as per MOU executed between KVIC & MCR.

Industries such as Khadi, processing of Pashmina Wool, handloom and power loom units, value added products for tea, coffee, rubber etc. and transport activities are now eligible for funding under PMEGP.

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EIH director resigns
Aug 03,2017

EIH announced that Renu Sud Karnad, Independent Director has resigned from the Board of Directors of the Company with immediate effect.

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Empee Distilleries to conduct board meeting
Aug 03,2017

Empee Distilleries will hold a meeting of the Board of Directors of the Company on 9 August 2017.

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