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Board of Gillette India approves appointment of director
Dec 01,2016

Gillette India announced that the Board of Directors of the Company, at their meeting held on 01 December 2016 has approved proposal for appointment of Karthik Natarajan as Director and Whole-time Director of the Company by way of Shareholders resolution to be passed by postal ballot effective from date of passing of the Shareholders resolution.

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Board of Shilpa Medicare approves raising of funds up to Rs 175 crore
Dec 01,2016

Shilpa Medicare announced that the Board of Directors of the Company at its meeting held on 01 December 2016 approved the raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share of Re 1 each. The Board also proposed to increase the shareholding limit for FIIs/ FPI and Registered Foreign Investors with SEBI, to 40% from the existing limit of 30%.

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Board of Bombay Rayon Fashions to consider September quarter results
Dec 01,2016

Bombay Rayon Fashions announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 13 December 2016, inter alia, to consider, approve and take on record, among other items of the agenda, the Un-audited Financial Results for the quarter/half year ended 30 September 2016.

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Gartner Says Worldwide Server Revenue Declined 5.8 Percent in the Third Quarter of 2016; Shipments Were Down 2.6 Percent
Dec 01,2016

In the third quarter of 2016, worldwide server revenue declined 5.8 percent year over year, and shipments declined 2.6 percent from the third quarter of 2015, according to Gartner, Inc. Among the top five vendors, only Cisco increased revenue in the third quarter, while Huawei and Inspur Electronics saw growth in shipments. HPE, Dell and Lenovo all experienced declines in both server revenue and shipments.

The server market was impacted during the third quarter of 2016 by generally conservative spending plans globally. This was compounded by the ability of end users to leverage additional virtual machines on existing x86 servers (without new hardware) to meet their server application needs, said Jeffrey Hewitt, research vice president at Gartner. Server providers will need to reinvigorate and improve their value propositions to help end users justify server hardware replacements and growth, if they hope to drive the market back into a positive state.

All regions showed a decline in shipments except Eastern Europe, which posted growth of 0.9 percent. In terms of revenue, all regions except for Japan experienced a decline. Japan grew by 1.3 percent.

x86 servers declined 2.3 percent in shipments and 1.6 percent in revenue in the third quarter of 2016. All vendors in the top five except for Cisco experienced a decline in revenue. In x86 server shipments, only Huawei and Inspur Electronics experienced growth.

Despite a decline of 11.8 percent, HPE continued to lead in the worldwide server market, based on revenue, with 25.5 percent market share. Dell declined 7.9 percent, but maintained the second spot in the market with 17.5 percent market share. Lenovo secured the third spot with 7.8 percent of the market. IBM dropped to the fifth position and experienced the largest decline among the top five vendors.

Table 1
Worldwide: Server Vendor Revenue Estimates, 3Q16 (U.S. Dollars)

Company3Q16 Revenue3Q16 Market Share (%)3Q15 Revenue3Q15 Market Share (%)3Q15-3Q16 Growth (%)HPE3,247,087,04525.53,682,417,47727.3-11.8Dell2,227,185,68517.52,419,231,40317.9-7.9Lenovo994,447,2617.81,065,664,1197.9-6.7Cisco929,440,0007.3885,600,0006.65.0IBM889,723,5957.01,327,761,1979.8-33.0Others4,426,866,90934.84,120,053,34830.57.4Total12,714,750,495100.013,500,727,543100.0-5.8

Note: Beginning in the second quarter of 2016, HPEs server sales in China are reflected in H3C.

Source: Gartner (November 2016)

HPE secured the No 1 position in server shipments in the third quarter of 2016, with 18.3 percent of the market. Despite a decline of 9.8 percent, Dell secured the second spot with 16.8 percent market share.Huawei and Inspur were the only vendors in the top five to increase server shipments in the third quarter of 2016.

Table 2
Worldwide: Server Vendor Shipment Estimates, 3Q16 (Units)

Company3Q16 Shipments3Q16 Market Share (%)3Q15 Shipments3Q15 Market Share (%)3Q15-3Q16 Growth (%)HPE493,26818.3613,10122.2-19.5Dell452,38316.8501,26218.1-9.8Lenovo228,0978.5242,0058.8-5.7Huawei163,3556.1134,1634.921.8Inspur Electronics119,9434.599,4173.620.6Others1,234,56745.91,172,72542.45.3Total2,691,613100.02,762,672100.0-2.6

Note: Beginning in the second quarter of 2016, HPEs server sales in China are reflected in H3C.

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Atul Auto announces sales figures
Dec 01,2016

Atul Auto reported total sales of 3450 units in November 2016 compared to 4005 units in November 2015, registering a decline of 13.86%. For the period April to November 2016, total sales stood at 27854 units compared to 29367 units in the corresponding period of previous year, registering a decline of 5.15%.

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Cox & Kings gets reaffirmation in credit ratings for bank facilities
Dec 01,2016

Cox & Kings announced that Credit Analysis & Research (CARE), the Rating Agency, has reaffirmed and enhanced the Commercial Paper issue carved out of sanctioned working capital limit of the Company from the existing Rs. 1040 crore to Rs. 1082 crore. The Rating has been reaffirmed as CARE A1+ (A One Plus). Instruments with this rating indicate very strong capacity for timely payment of financial obligations and carry lowest credit risk.

CARE has also reaffirmed and enhanced the long term bank facilities of the Company from existing Rs. 1164 crore to Rs. 1206 crore. The Rating has been reaffirmed as CARE AA (Double A). Instruments with this rating indicate high safety for timely servicing of debt obligations and carry very low credit risk.

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Viksit Engineering announces change in company secretary and compliance officer
Dec 01,2016

Viksit Engineering announced that Anuj Nema has resigned from the position of Company Secretary and Compliance Officer of the Company w.e.f. closing working hours of 30 November 2016.

Further, Sumit Shivhare, a qualified Company Secretary, has joined the Company as Company Secretary and Compliance Officer w.e.f. 01 December 2016.

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Andhra Bank announces cessation of director
Dec 01,2016

Andhra Bank announced that K. Thamaraiselvan, Workmen Employee Director of the Bank have completed his term on 24 November 2016 and ceased to be Director on the Board of the Bank forthwith.

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Escorts announces tractor sales
Dec 01,2016

Escorts Agri Machinery segment sold 4,806 tractors in November 2016 compared to 4,706 tractors in November 2015, recording a growth of 2.1%. Total sales comprised of domestic sales of 4698 tractors and export of 108 tractors. For the period April - November 2016, total sales stood at 45,621 tractors compared to 36,881 units in the corresponding period of previous year.

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M&M slides after poor auto, tractor sales in November
Dec 01,2016

The announcement was made during market hours today, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 83.74 points or 0.31% at 26,569.07.

On the BSE, 1.22 lakh shares were traded on the counter so far as against the average daily volumes of 76,841 shares in the past one quarter. The stock had hit a high of Rs 1,193.60 and a low of Rs 1,157 so far during the day.

The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,092 on 12 February 2016. It had underperformed the market over the past one month till 30 November 2016, sliding 10.02% compared with the Sensexs 4.57% fall. The scrip had also underperformed the market in the past one quarter, declining 17.44% as against the Sensexs 5.96% fall.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Mahindra & Mahindras (M&M) total auto sales declined 22% to 32,499 units in November 2016 over November 2015. Total domestic sales fell 24% to 29,814 units in November 2016 over November 2015. Total exports rose 22% to 2,685 units in November 2016 over November 2015.

The companys total tractor sales fell 21% to 17,262 units in November 2016 over November 2015. Domestic sales declined 24% to 15,918 units in November 2016 over November 2015. Exports surged 50% to 1,344 units in November 2016 over November 2015.

M&Ms net profit rose 27.1% to Rs 1163.27 crore on 13.8% growth in net sales to Rs 10411.67 crore in Q2 September 2016 over Q2 September 2015.

M&M enjoys a leadership position in tractors and utility vehicles in India.

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Ashok Leyland announces sales figures
Dec 01,2016

Ashok Leyland reported total sales of 9,574 units in November 2016 compared to 8,971 units in November 2015, recording a growth of 7%. For the period April 2016- November 2016, total sales rose 3% at 86,714 units compared to 84,309 units in the corresponding period of previous year.

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Gartner Survey Shows That Mobile Device Adoption in the Workplace Is Not Yet Mature
Dec 01,2016

Mobile device adoption in the workplace is not yet mature, found a recent survey from Gartner, Inc. Although 80 percent of workers surveyed received one or more corporate-issued devices, desktops are still the most popular corporate device among businesses, with more than half of workers receiving corporate-issued desktop PCs.

The survey findings are based on the 2016 Gartner Personal Technologies Study, which was conducted from June to August 2016 among 9,592 respondents in the U.S., the U.K. and Australia.

Thirty-six percent of workers received laptops, including convertible laptops. Adoption of convertible laptops as a corporate-issued device is still very low, but has been gradually increasing. Gartner analysts expect that more employees will receive convertible laptops in the next three years, driven by the Windows 10 refresh that can enhance the user experience with touch-based input. Adding desktops and laptops (including convertible laptops) together, 75 percent of workers will receive at least one PC-type device in mature countries.

In contrast to the high numbers of corporate-issued PCs in the workplace, relatively few workers receive mobile devices. The majority of smartphones used in the workplace are personally owned devices n++ only 23 percent of employees surveyed are given corporate-issued smartphones.

The low adoption of corporate-issued mobile devices underlines the fact that large numbers of personally owned mobile devices are used in the workplace, said Mikako Kitagawa, principal research analyst at Gartner. In fact, more than half of employees who used smartphones at work rely solely on their personally owned smartphones.

The usage rate of personally owned tablets lags behind that of personally owned smartphones. Only 21 percent of employees use tablets n++ regardless of whether they are corporate issued or personally owned.

In the era of mobility, it comes as something of a surprise that corporate usage of smartphones and tablets is not as high as PCs, even when the use of personally owned devices is taken into account, said Ms. Kitagawa. While its true that the cost of providing mobile devices can quickly escalate, proper usage of mobile devices can increase productivity, which can easily justify the extra costs.

When employees are provided with corporate-issued devices, they are generally happy with the devices that they receive. Less than 20 percent of respondents said they were dissatisfied with their employer-provided devices. The satisfaction level is higher with tablets and smartphones compared with desktop and laptops.

Usage of personally owned devices in the workplace is nothing new, but the survey results confirm that this trend has become a new workplace standard. Two-thirds of survey respondents said that they use a personally owned device or devices for work, said Ms. Kitagawa. Smartphones and phablets are the most popular personally owned devices used for work, with 39 percent of employees using them, compared with just 10 percent who are only using corporate-issued smartphones and phablets.

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Gillette India gains after strong Q1 earnings
Dec 01,2016

The result was announced during trading hours today, 1 December 2016.

Meanwhile, the BSE Sensex was down 54.81 points, or 0.21%, to 26,598.

On BSE, so far 4,125 shares were traded in the counter, compared with average daily volume of 546 shares in the past one quarter. The stock hit a high of Rs 4,526.80 and a low of Rs 4,320.05 so far during the day. The stock hit a 52-week high of Rs 4,888 on 9 August 2016. The stock hit a 52-week low of Rs 3,805 on 12 February 2016. The stock had outperformed the market over the past 30 days till 30 November 2016, rising 2.17% compared with the 4.39% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 1.69% as against Sensexs 6.23% decline.

The large-cap company has equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Gillette India (GIL) said it benefited from portfolio optimization, even as it continues to focus on productivity and cost efficiency.

The company said its sales in grooming segment grew 12% in Q1 September 2016 over Q1 September 2015, driven by strong brand fundamentals and product portfolio.

The company said its sales in oral care segment declined 6% in Q1 September 2016 over Q1 September 2015, behind portfolio optimization to enable profitability.

Gillette India is one of Indias well-known FMCG companies that deals in some of the world leading brands, Gillette and Oral-B.

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Ashok Leyland slips after muted sales growth in November
Dec 01,2016

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the BSE Sensex was down 51.52 points, or 0.19%, to 26,601.29.

On BSE, so far 20.80 lakh shares were traded in the counter, compared with average daily volume of 12.70 lakh shares in the past one quarter. The stock hit a high of Rs 80 and a low of Rs 77.35 so far during the day. The stock hit a 52-week high of Rs 112.80 on 13 April 2016. The stock hit a 52-week low of Rs 73.60 on 22 November 2016. The stock had underperformed the market over the past 30 days till 30 November 2016, falling 11.71% compared with the 4.39% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 5.07% as against Sensexs 6.23% decline.

The large-cap company has equity capital of Rs 284.59 crore. Face value per share is Re 1.

Ashok Leylands sales of light commercial vehicles (LCV) fell 1% to 2,646 units in November 2016 over November 2015. Sales of medium & heavy commercial vehicles (M&HCV) rose 10% to 6,928 units in November 2016 over November 2015.

Ashok Leylands net profit jumped 71% to Rs 294.41 crore on 7.7% drop in net sales to Rs 4503.17 crore in Q2 September 2016 over Q2 September 2015.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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Apollo Hospitals advances after receiving investment from World Banks arm
Dec 01,2016

The announcement was made during market hours today, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 41.70 points or 0.16% at 26,611.11.

On the BSE, 33,000 shares were traded on the counter so far as against the average daily volumes of 13,020 shares in the past one quarter. The stock had hit a high of Rs 1,220.95 and a low of Rs 1,188 so far during the day. The stock had hit a record high of Rs 1,544 on 2 March 2016. The stock had hit a 52-week low of Rs 1,147 on 21 November 2016. The stock had underperformed the market over the past one month till 30 November 2016, sliding 10.63% compared with the Sensexs 4.57% fall. The scrip had also underperformed the market in past one quarter, declining 10.92% as against the Sensexs 5.96% fall.

The large-cap company has equity capital of Rs 69.56 crore. Face value per share is Rs 5.

Apollo Hospitals Enterprises wholly owned subsidiary Apollo Health and Lifestyle (AHLL) announced receiving investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company. This investment will fuel AHLLs expansion plans and fulfill its vision of bringing healthcare of international standards within the reach of 20 million patients each year by 2020.

Sangita Reddy, Joint Managing Director, Apollo Hospitals Enterprise said, through this investment, the management endeavours to continue Apollo Groups legacy of setting industry benchmarks & contributing to elevate the standard of healthcare to the next level. Given the immense potential and the need for quality healthcare delivery at affordable prices, AHLL will continue to expand through both organic and in-organic means and is committed to enhancing the patient experience and medical care offered by the current network, Reddy said.

Commenting on the investment by IFC, Neeraj Garg, CEO - Apollo Health and Lifestyle said, AHLL operates across 7 verticals and it has multiplied its network and revenues over the past 3 years. In the next five years, the company is looking at growing its revenues significantly and expanding its network, particularly of Apollo Clinics, Apollo Diagnostics and Apollo Cradle. This investment is probably the largest ever private equity growth capital investment in the primary healthcare segment in India, Garg added.

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets.

Apollo Hospitals Enterprises net profit rose 2.7% to Rs 91.99 crore on 15.9% growth in net sales to Rs 1634.10 crore in Q2 September 2016 over Q2 September 2015.

Apollo Hospitals is one of Asias largest healthcare groups.

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