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TechNVision Ventures announces demise of chairman
Mar 06,2017

TechNVision Ventures announced the sad demise of Parmeswara Rao Gundavell, Chairman on 06 March 2017.

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China: Stocks close up
Mar 06,2017

Mainland China stock market closed higher on Monday, 06 March 2017, as investors piled into technology shares after Premier Li Keqiang pledged to support innovative industries such as new materials, artificial intelligence and the biopharmaceutical sector as a key part of the economys restructuring at the annual opening of the countrys parliament. The Shanghai Composite Index closed the day up 0.48% at 3,234, while the CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - was up 0.54% at 3,446. The Shenzhen Component Index added 1.20% to 10,522. The tech-heavy ChiNext surged 1.79% to 1,963.

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Nikkei falls; yen rallies after N Korea fires missiles
Mar 06,2017

The Japan share market ended down on Monday, 06 March 2017, due to renewed geopolitical concerns after North Korea fired four missiles - three of them landing in Japanese waters. The geopolitical woes shadowed enthusiasm over the possibility of a near-term interest-rate increase by the Federal Reserve. Japanese Prime Minister Shinzo Abe warned the threat from North Korea had entered a new stage following the missile launch, which came after Pyongyang fired a rocket last month. The 225-issue Nikkei average shed 90.03 points, or 0.46%, to finish at 19,379.14. The Topix index of all first-section issues closed down 3.15 points, or 0.20%, at 1,554.90. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1555 to 1420 and 374 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 0.40% to 17.62.

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Canara Bank renews MCLR rates
Mar 06,2017

Canara Bank has renewed MCLR rates with effect from 07 March 2017 as under -

Overnight - 8.20%
One month - 8.25%
Three month - 8.30%
Six month - 8.40%

One year - 8.45%

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Australia Stocks up, driven by miners
Mar 06,2017

Australian equity market finished marginally higher on Monday, 06 March 2017, due to gains in material stocks and financials offset the losses in defensive and energy stocks. The S&P/ASX 200 index finished 0.29%, or 16.899 points, higher at 5,746.5. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 586 to 485 and 335 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.27% to 12.101.

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Board of PG Foils recommends dividend
Mar 06,2017

PG Foils announced that the Board of Directors of the Company at its meeting held on 6 March 2017, inter alia, have recommended the dividend of Rs 1.1 per equity Share (i.e. 11%) , subject to the approval of the shareholders.

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Ambuja Cements to hold AGM
Mar 06,2017

Ambuja Cements announced that the Annual General Meeting (AGM) of the company will be held on 31 March 2017.

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Infronics Systems to hold board meeting
Mar 06,2017

Infronics Systems will hold a meeting of the Board of Directors of the Company on 10 March 2017, to acquire small time Companies engaged in the Information Technology related business to achieve in organic growth.

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Mudunuru to hold board meeting
Mar 06,2017

Mudunuru will hold a meeting of the Board of Directors of the Company on 10 March 2017, to sell non critical Assets/ loss making divisions or Subsidiaries.

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Shilpa Medicare to hold board meeting
Mar 06,2017

Shilpa Medicare will hold a meeting of the Board of Directors of the Company on 9 March 2017, to consider declaration of Interim Dividend For Financial Year Ending 31St March, 2017.

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Mount Shivalik Industries to hold board meeting
Mar 06,2017

Mount Shivalik Industries will hold a meeting of the Board of Directors of the Company on 9 March 2017, to consider the proposals for the operation and management of Restaurants Business of the Company and other matters

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Lakshmi Precision Screws to hold board meeting
Mar 06,2017

Lakshmi Precision Screws will hold a meeting of the Board of Directors of the Company on 11 March 2017, for considering and approval of results for quarter and nine month ended on 31 December 2016.

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Looks Health Services to hold board meeting
Mar 06,2017

Looks Health Services will hold a meeting of the Board of Directors of the Company on 14 March 2017, for appointment of Ms. Avni Garnara as a Company Secretary & Compliance Officer of the Company W.e.f 3rd March, 2017.

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Pondy Oxides & Chemicals wins Silver Trophy for Top Exporter (Medium Enterprise)
Mar 06,2017

Pondy Oxides & Chemicals has been awarded Silver Trophy for Top Exporter (Medium Enterprise) from Engineering Export Promotion Council, Ministry of Commerce, Government of India.

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Govt. & industry should work towards sustainable development of commodity futures market: C.R. Chaudhary
Mar 06,2017

The Government together with industry should work towards protecting the rights of all stakeholders viz., producer, consumer and traders operating in the commodity futures market, Union Minister of State for Consumer Affairs, Food and Public Distribution, Mr C.R. Chaudhary said at an ASSOCHAM event.

n++We need to strike a balance between producer, consumer and trader for sustainable growth and development of commodity futures market in the long run,n++ said Mr Chaudhary.

n++Traders will grow when they deal fairly with consumers and producers, while the producers will become self-sufficient and satisfied if they get their return together with cost of production and labour and the consumers want things to be made available at affordable prices,n++ said the Union Minister of State.

n++In future trading, sometimes speculators play a major role in fixing and jacking up prices by making promises to purchase small quantity at very high prices,n++ he lamented.

Recalling the crisis in futures trade of guargum, the Minister said, n++About 3-4 years ago, some party just increased the prices that reached Rs 30,000 per quintal thereby making it equivalent to gold, I could never imagine that guar could be sold at more than Rs 3,000 per quintal but it was due to gamble of certain speculators and today no one is buying guar at Rs 2,500 per quintal.n++

He said that though farmers often complaint to him about drastic decline in prices of commodities. n++I told them that you too are responsible for the same to some extent as if there is a jump in prices of a particular commodity owing to some reason or the other, you start producing only the same like in the case of onion.n++

The Minister also said that excess production also considerably reduces the prices of the produce and even traders are also not able to make much profits.

n++As such we have to make some arrangements, like the government has to think on setting up cold storages near production hubs of perishable commodities so they can be stored and sold at an apt price,n++ said Mr Chaudhary.

n++Besides, there is also a need to simultaneously develop processing centres for the producer and trader to realise the right cost,n++ he added.

He also said that the industry should chalk out all the rules, regulations, policies that are hindering the growth of commodity futures market and carry out discussions thereby also considering each from the perspective of producer, consumer and trader.

He assured that his ministry would take up the industrys specific suggestions and demands about how to make commodity futures market more sustainable with concerned government authorities.

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