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Steel Strips Wheels bags export order
May 08,2017

Steel Strips Wheels has bagged a repeat export order for supply of approx. 12000 steel wheels for EU Caravan market, in a period of 3 months.

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New Delhi Television intimates of demise of director
May 08,2017

New Delhi Television announced the sad demise of Amal Ganguli, Non-Executive Independent Director of the Company on 08 May 2017.

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DIPP & WIPO to set up Technology and Innovation Support Centers
May 08,2017

The Department of Industrial Policy and Promotion (DIPP) and World Intellectual Property Organization (WIPO) have signed an agreement to establish Technology and Innovation Support Centers (TISC).

WIPOs Technology and Innovation Support Centers (TISC) program provides innovators in developing countries with access to locally based, high quality technology information and related services, helping them to exploit their innovative potential and to create, protect, and manage their intellectual property (IP) rights.

Services offered by TISCs may include:

n++ Access to online patent and non-patent (scientific and technical) resources and IP-related publications;

n++ Assistance in searching and retrieving technology information;

n++ Training in database search;

n++ On-demand searches (novelty, state-of-the-art and infringement);

n++ Monitoring technology and competitors;

n++ Basic information on industrial property laws, management and strategy, and technology commercialization and marketing.

The Cell for IPR Promotion and Management (CIPAM) is designated as the National Focal point for the TISC national network. As the national focal point, CIPAM shall identify potential host institutions, assess their capacities and support them in joining the TISC project. CIPAM will also act as the main intermediary between WIPO and TISC host institutions and coordinate all the activities of the national TISC network.

Over 500TISCs operate worldwide and establishing TISC in India will give the host institutions access to the Global network. In upcoming years CIPAM is planning to establish TISCs in Universities, State Science Councils, R&D institutions etc. TISC will give an impetus to Knowledge sharing, sharing of best practices among the TISCs, capacity building, generation and commercialization of IPs

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Maruti Suzuki India intimates of demise of director
May 08,2017

Maruti Suzuki India announced that Amal Ganguli, an Independent Director of the Company passed away on 08 May 2017 after a prolonged illness.

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Board of Universal Autofoundry accepts resignation of director
May 08,2017

Universal Autofoundry announced that the Board of Directors of the Company at its meeting held on 08 May 2017 has approved the following -

Accepted the resignation of Vikram Jain, Director with effect from 01 May 2017.

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Ambuja Cements leads gainers on BSEs A group
May 08,2017

Ambuja Cements rose 7.27% at Rs 264.20. The stock topped the gainers in A group. On the BSE, 18.21 lakh shares were traded on the counter so far as against the average daily volumes of 3.36 lakh shares in the past two weeks.

Indiabulls Real Estate rose 7.05% at Rs 162.50. The stock was the second biggest gainer in A group. On the BSE, 18.09 lakh shares were traded on the counter so far as against the average daily volumes of 59.97 lakh shares in the past two weeks.

Housing Development & Infrastructure (HDIL) rose 5.67% at Rs 91.25. The stock was the third biggest gainer in A group. On the BSE, 14.30 lakh shares were traded on the counter so far as against the average daily volumes of 22.74 lakh shares in the past two weeks.

DLF rose 4.55% at Rs 194.15. The stock was the fourth biggest gainer in A group. On the BSE, 8.59 lakh shares were traded on the counter so far as against the average daily volumes of 13.93 lakh shares in the past two weeks.

SREI Infrastructure Finance rose 4.94% at Rs 108.40. The stock was the fifth biggest gainer in A group. On the BSE, 5.24 lakh shares were traded on the counter so far as against the average daily volumes of 6.95 lakh shares in the past two weeks.

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Volumes jump at Gillette India counter
May 08,2017

Gillette India clocked volume of 10,000 shares by 13:03 IST on BSE, a 17.33-times surge over two-week average daily volume of 1,000 shares. The stock jumped 8.42% to Rs 4,779.60.

Walchandnagar Industries notched up volume of 3.28 lakh shares, a 11.76-fold surge over two-week average daily volume of 28,000 shares. The stock rose 9.85% to Rs 162.30.

Eros International Media saw volume of 18.83 lakh shares, a 7.53-fold surge over two-week average daily volume of 2.50 lakh shares. The stock rose 4.59% to Rs 227.85.

Ambuja Cements clocked volume of 17.77 lakh shares, a 5.29-fold surge over two-week average daily volume of 3.36 lakh shares. The stock rose 6.74% to Rs 262.90.

HCL Technologies saw volume of 2.46 lakh shares, a 3.70-fold rise over two-week average daily volume of 67,000 shares. The stock rose 0.56% to Rs 832.20.

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Chambal Fertilisers & Chemicals resumes operations at Gadepan - II
May 08,2017

Chambal Fertilisers & Chemicals announced that it has resumed operations at its plant at Gadepan, District Kota, Rajasthan on 07 May 2017.

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NAFED procures more than 8.76 Lakh MTs of Pulses in 2016-17
May 08,2017

NAFED, a National Level Cooperative Marketing Federation of India, has set a record of procurement of Pulses and Oilseeds during the year 2016-17. NAFED has emerged as the leading agency of the Government of India for undertaking procurement of Pulses and Oilseeds in the country. During the financial year just ended, it has achieved procurement of more than 8.76 Lakh MTs of Pulses (Gram 0.20 Lakh MTs, Masoor 0.03 Lakh MTs, Moong 1.29 Lakh MTs, Urad 0.59 MTs and Toor 6.65 Lakh MTs) and more than 2.20 Lakh MTs of Groundnut, Copra and other oilseeds and benefitted the farming community at large by providing them remunerative price for their produce and helping the country in creating buffer stocks and stabilizing the prices of Pulses and Oilseeds.

NAFED has also started disposal of the buffer stocks. A substantial quantity would be supplied to Para-military forces and Defence Sector and also State Government as per their requirements under PDS and other such schemes.

NAFED has undertaken procurement of various commodities to the tune of Rs 5916.00 Crore approximately in this year and earned tentative profit of Rs. 106.00 Crore before interest which is the highest in the last decade and helped turn around financially. The Federation has strongly positioned itself as the n++Pulse Armn++ of the Government.

During the current year also, procurement of Rabi Oilseeds and Pulses such as Mustard seeds, Sunflower seed, Gram, Masoor etc. has started and NAFED has already procured 2.95 Lakh MTs upto 30th April, 2017.

The Financial Package for NAFED is also under active consideration of the Govt. of India and it is likely that a CCEA note would be placed in May, 2017 for approval of the Cabinet.

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Caplin Point advances after USFDA nod for TN plant
May 08,2017

The announcement was made during market hours today, 8 May 2017.

Meanwhile, the S&P BSE Sensex was up 93.46 points or 0.31% at 29,952.26. The S&P BSE Mid-Cap index was up 83.11 points, or 0.56% at 14,801.59

On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 7,893 shares in the past one quarter. The stock hit a high of Rs 411.95 and a low of Rs 391 so far during the day. The stock hit a record high of Rs 459.70 on 7 February 2017. The stock hit a 52-week low of Rs 184 on 12 May 2016.

The mid-cap company has equity capital of Rs 15.12 crore. Face value per share is Rs 2.

Caplin Point said that the company has received the Establishment Inspection Report (EIR) from USFDA (United States Food and Drug Administration) for inspection carried out during 21 October 2016 to 27 October 2016, at its sterile injectable plant at Gummidopoondi, Tamil Nadu (TN).

Caplin Point Laboratories Chairman C C Paarthipan said that the EIR will pave the way for the companys entry into the largest pharma market in the world.

Caplin Point Laboratories consolidated net profit rose 48.45% to Rs 23.90 crore on 30.44% growth in total income to Rs 104.99 crore in Q3 December 2016 over Q3 December 2015.

Caplin Point Laboratories is a niche pharmaceutical company, catering predominantly to emerging markets of Latin America and Africa.

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Export of Oilmeals up by 19% in April 2017-SEA
May 08,2017

The overall export of oilmeals during April 2017, provisionally reported at 135,474 tons compared to 113,978 tons in April 2016 i.e Up by 19%, as per the data of oilmeals complied by Solvent Extractors Association (SEA) of India for the month of April 2017.

Indian Competitiveness of soybean meal in international market further reduced, resulting in to slowed down of shipment from India. This also affected the crushing. The recent increased in Indian soya oil imports is also exerting pressure on domestic soya oil prices, which together with soybean sales is squeezing crush margins.

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Vikas EcoTech hits all-time high after order win
May 08,2017

The announcement was made during trading hours today, 8 May 2017.

Meanwhile, the S&P BSE Sensex was up 95.04 points, or 0.32% to 29,953.84.

On the BSE, 11.50 lakh shares were traded in the counter so far, compared with average daily volumes of 10.22 lakh shares in the past one quarter. The stock had hit a high of Rs 25.45 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 24.50 so far during the day. The stock hit a 52-week low of Rs 10.85 on 1 June 2016.

The stock had outperformed the market over the past one month till 5 May 2017, rising 12.06% compared with 0.23% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 46.36% as against Sensexs 5.73% rise.

The small-cap specialty chemicals company has equity capital of Rs 30.56 crore. Face value per share is Re 1.

Vikas Ecotech announced that it won a commercial order to supply Organotin stabilizers from Mexichem. The Mexico-headquartered company is a worldwide leader in plastic pipes, and one of the largest chemical and petrochemical companies, with more than 50 years of experience in Latin America.

This is Vikas Ecotechs first commercial order from the petrochemical giant through its Columbian subsidiary. The Organotin stabilizer supplied by Vikas Ecotech will be used in the manufacturing of food-grade PVC Compounds/ Pipes.

Vikas EcoTech had commenced trial orders last year for Organotin with Mexichem. This commercial order from a Mexichems Columbian subsidiary is the culmination of that effort. Vikas EcoTechs Organotin stabilizers are non-toxic additives that meet stringent global standards of quality and efficacy. This order will have a multiplier effect and translate into additional demand for Vikas Ecotechs products in South America.

Net profit of Vikas Ecotech declined 32.61% to Rs 7.46 on 1.64% rise in net sales to Rs 84.07 crore in Q3 December 2016 over Q3 December 2015.

Vikas EcoTech is a specialty chemicals and plastic & rubber additives player. It provides IPR-driven compounds and specialty chemicals that are non-toxic. It derives a majority of its revenues from PVC industry additives like Organotin stabilizers and from specialty compounds.

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Board of Great Eastern Shipping Company recommends final dividend
May 08,2017

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 6.5 per equity Share (i.e. 65%) , subject to the approval of the shareholders.

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Board of Orient Cement recommends final dividend
May 08,2017

Orient Cement announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Industrial & Prudential Invest. Co. recommends final dividend
May 08,2017

Industrial & Prudential Invest. Co. announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 225%) , subject to the approval of the shareholders.

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