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Arun Jaitley asks the ADB to set up a regional hub in New Delhi for the South Asia region to meet growing aspirations of the people
May 08,2017

The Union Finance Minister Shri Arun Jaitley asked the Asian Development Bank (ADB) to set up a regional hub in New Delhi for the South Asia region in order to keep pace with the growing aspirations of the people and to expedite the process of project preparation and delivery for India and other countries in the region. He also urged the Bank to adopt country system for procurement, social and environmental safeguards expeditiously.

The Union Finance Minister Shri Arun Jaitley congratulated the Asian Development Bank (ADB) on completing its 50 years and serving the people of Asia-Pacific region. While lauding the efforts of the Bank in eliminating poverty in the region through development of physical and social infrastructure, Shri Jaitley called for a greater focus on renewable energy keeping in view our commitment to tackle climate change.

In urban development, especially in the sectors of drinking water and sanitation, Shri Jaitley underlined the major challenges faced by many developing countries in making the system work without having to depend much on the budgetary support from the national governments. He urged the Bank to promote sustainable models that will address these challenges. He called upon ADB to focus on climate resilient agriculture, better farm production technologies, improved value chain management and creation of better marketing infrastructure for farm produce.

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ACC, Ambuja Cements in focus after merger plan
May 08,2017

Shares of cement majors ACC and Ambuja Cements will be watched. ACC and Ambuja Cements announced that their respective boards have agreed to start the evaluation of a potential merger between the two companies with a view to combine the strengths of both businesses. A special committee of directors, comprising largely of independent directors, has been constituted to commence the evaluation, ACC and Ambuja Cements said in separate statements after market hours on Friday, 5 May 2017.

No decision to merge has been taken and the board will decide on a merger upon receiving a recommendation from the special committee and the audit committee, the ACC statement said. ACC and Ambuja are both a part of conglomerate LafargeHolcim Group.

TCS announced that it has opened its first Drones Research Lab in the US at its Seven Hills Park Innovation centre located in Cincinnati, Ohio to address the rapidly expanding demand for unmanned aerial vehicles and business solutions across industries. The announcement was made after market hours on Friday, 5 May 2017. Drones Research Lab is an extension of the global TCS Research and Innovation ecosystem bringing the combined expertise of its labs, start ups, academia, and technology partners closer to customers.

Iron ore mining major NMDC produced 2.98 million tonnes and sold 3.56 million tonnes of iron ore during April 2017. The announcement was made on Saturday, 6 May 2017.

Container Corporation of India (Concor) announced signing four memorandum of understanding (MoUs) during the India Integrated Transport & Logistics (IITL) Summit 2017 on 5 May 2017 at Vigyan Bhawan, New Delhi. Concor signed two tripartite MoUs with the state government and the National Highways Authority of India (NHAI) for development of Multimodal Logistics Parks (MMLPs) at Hyderabad and Surat. Further, the company signed one MoU with Paradip Port for development of a MMLP; and one MoU with Chennai Port for the development of an extended gate facility at CONCORs facility at Tondiarpet to ease the congestion at Chennai Port. The announcement was made after market hours on Friday, 5 May 2017.

Parag Milk Foods announced that it has entered into the beverage market with pure Alphonso drink enhanced with dash of milk. The company diversified into fruit juice drink segment by launching Slurp with an aim to expand its footprint in the beverage category. For starters, Slurp will be available across markets of Mumbai, Delhi, Kanpur and Chennai in 200 ml tetra pack at Rs 20. The announcement was made after market hours on Friday, 5 May 2017.

On a consolidated basis, net profit of BSE rose 258.99% to Rs 72.66 crore on 22.73% rise in net sales to Rs 220.73 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 5 May 2017.

On a consolidated basis, net profit of Eicher Motors rose 33.91% to Rs 459.44 crore on 22.91% rise in net sales to Rs 1876.54 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 5 May 2017.

Net profit of Procter & Gamble Hygiene and Health Care rose 2.65% to Rs 99.63 crore on 5.53% rise in net sales to Rs 573.87 crore in Q3 March 2017 over Q3 March 2016. The board of Procter & Gamble Hygiene and Health Care declared a special interim dividend of Rs 362 per equity share. The result was announced after market hours on Friday, 5 May 2017.

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Advanced Enzyme Technologies fixes record date for stock split
May 06,2017

Advanced Enzyme Technologies has fixed 26 May 2017 as record date for sub-division of equity shares of the company.

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Network fixes record date for reduction of share capital
May 06,2017

Network announced that the Company has fixed Thursday, 18 May 2017 as the Record Date for the purpose of reduction of the share capital of the Company as per the order of the Honble National Company Law Tribunal, New Delhi.

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Pfizer to pay dividend
May 06,2017

Pfizer announced that dividend, if declared at the ensuing Annual General Meeting of the Company, shall be paid on 14 September 2017.

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Oriental Bank of Commerce appoints MD & CEO
May 06,2017

Oriental Bank of Commerce has appointed Rajkiran Rai G., Executive Director of the Bank as Managing Director & CEO in Union Bank of India, for a period of three years from the date of his taking over charge of the post on or after 01 July 2017 or until further orders, whichever is earlier.

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Board of Veto Switchgears & Cables approves preferential issue of convertible warrants
May 06,2017

Veto Switchgears & Cables announced that the Board of Directors of the Company at its meeting held on 06 May 2017 have approved preferential offer & issue of up to 45,00,000 (Forty Five Lacs) convertible warrants convertible into an equivalent number of Equity Shares of face value Rs. 10/- each to Akshay Kumar Gurnani, & Mohan Das Gurnani; both belonging to its promoter group. The proceeds of the preferential issue will be used for augmenting long term working capital, CAPEX for LED Factory, meeting Preferential Issue Expenses and other corporate general purpose. Offer & issue of these warrants would be in accordance with Chapter VII of SEBI(ICDR) Regulations 2009. For seeking shareholders approval, inter alia, to aforesaid issuance of warrants, Board has convened an Extraordinary General Meeting of its Shareholders on Wednesday, 31 May 2017.

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Board of Beardsell approves allotment of bonus shares
May 06,2017

Beardsell announced that the Board of Directors at its meeting held on 06 May 2017 has approved the allotment of 4686138 Bonus Equity shares in the ratio of 1 (one) Equity share of Rs.2/- each for every 5 (five) existing equity shares of Rs.2/-each to those shareholders whose name appears in the register of Members as on the record date 05 May 2017.

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Board of Gallantt Ispat recommends final dividend
May 06,2017

Gallantt Ispat announced that the Board of Directors of the Company at its meeting held on 4 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of Victoria Mills recommends final dividend
May 06,2017

Victoria Mills 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 50 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Rapicut Carbides to hold AGM
May 06,2017

Rapicut Carbides announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2017.

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UCO Bank to hold board meeting
May 06,2017

UCO Bank will hold a meeting of the Board of Directors of the Company on 12 May 2017, inter alia, to approve audited financial results of the Bank for the year ended 31 March 2017.

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Board of Shankara Building Products recommends final dividend
May 06,2017

Shankara Building Products 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 2.75 per equity Share (i.e. 27.5%) , subject to the approval of the shareholders.

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Indo Thai Securities reports consolidated net profit of Rs 6.34 crore in the March 2017 quarter
May 06,2017

Net profit of Indo Thai Securities reported to Rs 6.34 crore in the quarter ended March 2017 as against net loss of Rs 3.37 crore during the previous quarter ended March 2016. Sales rose 39.03% to Rs 12.04 crore in the quarter ended March 2017 as against Rs 8.66 crore during the previous quarter ended March 2016.

For the full year,net profit declined 47.86% to Rs 3.29 crore in the year ended March 2017 as against Rs 6.31 crore during the previous year ended March 2016. Sales rose 14.24% to Rs 44.13 crore in the year ended March 2017 as against Rs 38.63 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales12.048.66 39 44.1338.63 14 OPM %12.62-36.61 --4.19-9.09 - PBDT1.88-2.97 LP -0.717.14 PL PBT1.67-3.21 LP -1.536.57 PL NP6.34-3.37 LP 3.296.31 -48

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Indo Thai Securities reports standalone net profit of Rs 6.29 crore in the March 2017 quarter
May 06,2017

Net profit of Indo Thai Securities reported to Rs 6.29 crore in the quarter ended March 2017 as against net loss of Rs 3.16 crore during the previous quarter ended March 2016. Sales rose 39.03% to Rs 12.04 crore in the quarter ended March 2017 as against Rs 8.66 crore during the previous quarter ended March 2016.

For the full year,net profit declined 54.13% to Rs 3.00 crore in the year ended March 2017 as against Rs 6.54 crore during the previous year ended March 2016. Sales rose 14.24% to Rs 44.13 crore in the year ended March 2017 as against Rs 38.63 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales12.048.66 39 44.1338.63 14 OPM %13.12-36.49 --3.94-8.96 - PBDT1.93-2.96 LP -0.827.08 PL PBT1.72-3.20 LP -1.656.52 PL NP6.29-3.16 LP 3.006.54 -54

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