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Sical Logistics gains after strong Q1 results
Aug 03,2017

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

Meanwhile, the S&P BSE Sensex was down 72.43 points, or 0.22% to 32,404.31.

On the BSE, 12,000 shares were traded in the counter so far, compared with average daily volumes of 7,977 shares in the past one quarter. The stock had hit a high of Rs 275 and a low of Rs 266.05 so far during the day. The stock hit a 52-week high of Rs 285 on 11 May 2017. The stock hit a 52-week low of Rs 142 on 10 August 2016.

The stock had outperformed the market over the past one month till 2 August 2017, rising 4.39% compared with 4.06% rise in the Sensex. The scrip had underperformed the market in past one quarter, rising 3.07% as against Sensexs 7.80% rise. The scrip had outperformed the market in past one year, rising 72.85% as against Sensexs 17.26% rise.

The small-cap company has equity capital of Rs 55.60 crore. Face value per share is Rs 10.

Meanwhile, Sical Logistics announced after market hours yesterday, 2 August 2017, it will provide corporate guarantee to the extent of Rs 40 crore to Kamarajar Port on behalf of the companys subsidiary for execution of the modification project.

Sical Logistics is primarily engaged in providing integrated logistics services.

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EID Parry (India) announces retirement of director
Aug 03,2017

EID Parry (India) announced that Anand Narain Bhatia has retired from the Board of Directors of the Company.

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Bata India jumps after strong Q1 results
Aug 03,2017

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

Meanwhile, the S&P BSE Sensex was down 48.22 points, or 0.15% to 32,428.52.

On the BSE, 4,229 shares were traded in the counter so far, compared with average daily volumes of 45,373 shares in the past one quarter. The stock had hit a high of Rs 603.60 and a low of Rs 600 so far during the day. The stock hit a 52-week high of Rs 605.50 on 2 August 2016. The stock hit a 52-week low of Rs 400 on 25 November 2016.

The stock had underperformed the market over the past one month till 2 August 2017, rising 1.37% compared with 4.06% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 0.03% as against Sensexs 7.80% rise. The scrip had also underperformed the market in past one year, rising 5.48% as against Sensexs 17.26% rise.

The mid-cap company has equity capital of Rs 64.26 crore. Face value per share is Rs 5.

Bata India said its focus on lifestyle segment, improved visual merchandising yielded an impressive 10% growth in same store sales and opening of 40 new stores resulted in 15% growth in retail turnover for this quarter. Additional footfalls were generated through various marketing initiatives including the recently launched TV campaign. The company saw a gross margin improvement of 1% through introduction of value added products and change in the product mix.

Bata India also announced the appointment of Sandeep Kataria as Bata Indias Country Manager.

Bata India is the largest footwear retailer in India, offering footwear, accessories and bags across brands like Bata, Hush Puppies, Naturalizer, Power, Marie Claire, Weinbrenner, North Star, Scholl, Bata Comfit and Bubblegummers to name a few. It retails in over 1,290 Bata stores, on bata.in and in thousands of multi-brand footwear dealer stores pan-India.

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GAIL (India) in focus after commencing construction of pipeline in Kerala
Aug 03,2017

GAIL (India) said it has commenced 100% construction work in Kerala stretch of Kochi - Koottanad - Mangaluru-Bengaluru Pipeline (KKMBPL) project. GAIL started its foray into the state of Kerala with KKMBPL with a total project cost of Rs 3263 crore. Despite the initial hurdle, the Kerala stretch of the project will gain impetus with commencement of 100% construction work. This pipeline will form part of the National Gas Grid and it will go a long way in fulfilling the vision of the Government of India towards building a gas based economy, the company said. The announcement was made after market hours yesterday, 2 August 2017.

Wipro and Tricentis announced a partnership for quality engineering. This partnership with Tricentis will strengthen Wipros quality engineering and testing services capabilities, by integrating Tricentis Tosca, a continuous testing platform, with Wipro AssureNXT, a managed services QA platform combined with the capabilities of Wipro HOLMES Artificial Intelligence Platform as a part of the broader automaton ecosystem. The announcement was made after market hours yesterday, 2 August 2017.

Among prominent companies, Colgate-Palmolive (India), Indian Oil Corporation and Titan Company will announce April-June 2017 results today, 3 August 2017.

Bata Indias net profit rose 19.7% to Rs 60.43 crore on 11% increase in net sales to Rs 736.06 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 2 August 2017.

Bata India said its focus on lifestyle segment, improved visual merchandising yielded an impressive 10% growth in same store sales and opening of 40 new stores resulted in 15% growth in retail turnover for this quarter. Additional footfalls were generated through various marketing initiatives including the recently launched TV campaign. The company saw a gross margin improvement of 1% through introduction of value added products and change in the product mix.

Majesco said it entered into a deed of assignment dated 1 August 2017 for assignment of all its rights, title and interest in relation to the property located in Pune, Maharashtra in favor of A.P. Estates for a total consideration of Rs 15.55 crore. The said transaction has been completed on 1 August 2017. The announcement was made after market hours yesterday, 2 August 2017.

On a consolidated basis, Sical Logistics net profit rose 75.86% to Rs 11.80 crore on 14.40% increase in net sales to Rs 244.76 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 2 August 2017.

Meanwhile, Sical Logistics said it will provide corporate guarantee to the extent of Rs 40 crore to Kamarajar Port on behalf of the companys subsidiary for execution of the modification project. The announcement was made after market hours yesterday, 2 August 2017.

Bajaj Finance has entered into a subscription agreement with One MobiKwik Systems (MobiKwik) for acquisition of 10 equity shares and 271,050 compulsory convertible preference shares (CCPS). Post conversion of CCPS, the company would hold approximately 10.83% of equity in MobiKwik on a fully diluted basis. The value of the transaction envisaged is approximately Rs 225 crore. The conclusion of the transaction is subject to fulfillment of certain conditions in due course. The company has also entered into a shareholders agreement, which would become effective on conclusion of the above investment transaction. The announcement was made after market hours yesterday, 2 August 2017.

Karnataka Bank, as part of its asset liability management, has introduced four interest variants on the balances maintained in savings bank (SB) accounts by its customers. For daily balances of above 1 crore, the interest rate is revised to 5% per annum (p.a.), from the existing 4% p.a., whereas for daily balances of 50 lakhs to 1 crore, the applicable interest rate is 4% p.a. Similarly for daily balance in the range of more than 1 lakh to 50 lakhs, the interest rate is reduced to 3.5% from the existing 4% and balance below 1 lakh, the revised rate is 3% from the existing 4%. The decision is effective from Thursday, 3 August 2017. The above interest rate is applicable to resident Indians and also to SB-NRO & NRE accounts. The announcement was made after market hours yesterday, 2 August 2017.

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Board of Raymed Labs appoints company secretary and compliance officer
Aug 02,2017

Raymed Labs announced that the Board of Directors of the Company in their meeting held on 01 August 2017 have appointed Pooja Gulati as Company Secretary and Compliance Officer of the Company with immediate effect.

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Karnataka Bank revises savings bank interest rates
Aug 02,2017

Karnataka Bank has introduced four interest variants on savings bank accounts with effect from 03 August 2017 -

Daily balances of above Rs 1 crore - 5% p.a.
Daily balances of Rs 50 lakh to Rs 1 crore - 4% p.a.
Daily balances of more than Rs 1 lakh to Rs 50 lakh - 3.5% p.a.
Balance below Rs 1 lakh - 3% p.a.

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Shiv kamal Impex announces resignation for director
Aug 02,2017

Shiv kamal Impex announced the resignation of Dr. Sugan Chand Jain, Non- Executive Director of the Company with effect from the close of business hours of 02 August 2017.

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Olympia Industries allots 3,15,000 equity shares
Aug 02,2017

Olympia Industries has allotted 3,15,000 Equity shares of face value Rs. 10/- each, upon conversion of 3,15,000 warrants of Rs. 45/- each to the Promoters and Non-promoters pursuant to the applicable provisions of SEBI (LODR).

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Orosil Smith India fixes record date for sub-division of shares
Aug 02,2017

Orosil Smith India has fixed 28 August 2017 as record date for sub-division of equity shares.

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Agreements with Banks for easy deposit & withdrawals of EPF Contributions
Aug 02,2017

The Employees Provident Fund Organisation (EPFO) has tied up/entered into agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries. These banks are State Bank of India, Punjab National Bank, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.

The main objective of the multi banking arrangement is to provide more options to the employers to remit the Employees Provident Fund (EPF) contribution directly from their bank accounts. This will not only make the transactions cost effective but also ensure real time transfer of funds through net banking.

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Axis Bank raises Senior Notes aggregating USD 500 million
Aug 02,2017

Axis Bank has issued Senior Fixed Rate Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

The Notes have been priced at 130 basis points over the 5-year US Treasury Note, at a yield of 3.113%. The Notes will be denominated in US dollars, and will bear fixed interest of 3.00% per annum, payable semi-annually in arrears.

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Zensar Technologies expands Digital Workplace Services portfolio
Aug 02,2017

Zensar Technologies announced that due to increased demand the Company has launched an expanded Digital Workplace Services portfolio. Zensars Digital Workplace Services are user centric focusing on providing 360-degree visibility into the organisation and its end users, resulting in higher productivity and improved business performance.

-Zensars Digital Workplace Services Portfolio includes -

-Digital Workplace Maturity Assessments
-Digital Workplace Implementation Services (Mobility, Cloud, Migration)
-Managed Workplace Services (Smart Desk, Smart Field Support, PC Lifecycle, VDI/Daas, Managed Mobility, Workplace Automatics and Engineering Services)

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Indian Telecom Market is expected to cross the Rs 6.6 trillion revenue mark by the year 2020-Manoj Sinha
Aug 02,2017

The Minister of Communications Shri Manoj Sinha said that the Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market. While voice business still contributes a large chunk towards operator revenues, data revenues have shown an exponential growth trajectory over the last few years. The Minister said that by the end of 2016 the number of internet subscribers in India was 391.50 million making India globally the 2nd highest in terms of internet users.

He said that mobile data traffic also grew by 76 per cent in India in 2016 primarily attributed to increased smart phone penetration. This growing usage of smart phones, especially in urban areas, has increased the usage of internet on hand-held devices - in 2016, 559 megabytes of mobile data was generated per month by an average smart phone, up from 430megabytes per month in 2015.Consumption of video content is also forecasted to be 75 percent of Indias mobile data traffic by 2021, compared to 49 percent in 2016.

Shri Sinha said that advancements in innovative IoT technologies, like health monitors, smart transport, smart meters among others, is projected to result in 21 per cent increase in M2M services. These advances will result in a significant growth of mobile data, and as the telecom sector moves to newer technologies, TSPs will need to identify innovative avenues to monetise this data opportunity. He said that Indian Telecom Market is expected to cross the INR 6.6 trillion revenue mark by the year 2020.

The Minister said that Indian Government had launched the Digital India initiative in July 2015 which had three broad targets - providing Digital Infrastructure as a core utility to every citizen, Governance and Services on Demand as well as Digital empowerment of citizens.

Shri Sinha said that one of the projects under the Digital India initiative was BharatNet, launched to deploy high-speed optical fiber cables to connect 2.5 lakh Gram Panchayat across the country by 2018. This project would also help in increasing the fiberized sites in India which currently stands at less than 20 per cent as compared to other developed countries. The project is being implemented in Phases, with more than100,000 gram panchayats connected under Phase-I as of July2017 and states like Kerala, Karnataka, Chhattisgarh, Haryana, Uttar Pradesh and Madhya Pradesh neared 100 per cent completion.

The Minister also outlined the major achievements of the Indian Telecom Industry-

n++ Over 400 million internet users

n++ FDI quadrupled in FY2016-17 recording inflow of approximately USD 5.6 billion

n++ Greater than 20 per cent tower sites now diesel free

n++ Rural Tele density increased by 30 per cent over the last five years

n++ More than 3/4th of the data consumption was from 3G/4G

n++ Telecom industry generates over 4 million jobs direct and indirect

n++ LTE device ecosystem grew by 270 per cent from 2015

n++ 38 new mobile manufacturing units set up since September 2015

n++ 30 new locations added to Smart City mission in June 2017, total count reaches 90 smart cities

n++ The government, is also working aggressive to connect 54,000 unconnected villages and would speed up its efforts after getting due reports from all states.

n++ There is the inter-ministerial group to look into the financial health of the sector.

Secretary, Telecom, Ms Aruna Sundararajan said that in tune with the vision of the Prime Minister Shri Narendra Modi, India is attempting to do nothing short of charting a new digital strategy for growth. She said that new Telecom Policy will be a key building block for achieving the growth target of 10 percent from the current 7.6 percent as Telecom and IT are the two sectors contributing to 16.5 percent to the GDP, and there are immense possibilities for it to go up to 25 percent.

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Godrej Properties announces cessation of director
Aug 02,2017

Godrej Properties announced that S Narayan, Independent Director has today tendered his resignation from the position of Independent Director. The same has been accepted by the Board and accordingly, he will cease to be a Director from the close of the business hours on 02 August 2017.

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Tata Investment Corporation director retires
Aug 02,2017

Tata Investment Corporation announced that Kishor A. Chaukar, Non-Executive and Non-Independent Director, has retired from the Board of Directors of the Company with effect from 02 August 2017 on completion of 70 years of age, as per the Governance Guidelines for Tata Companies on Board Effectiveness adopted by the Board.

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