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Tata Motors to hold AGM
Jun 09,2017

Tata Motors announced that the Annual General Meeting AGM) of the company will be held 2017.

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Reliance Industries commissions last crystallization train at PX complex
Jun 09,2017

Reliance Industries announced the successful commissioning of the last crystallization train (Train 3) of the Para-xylene (PX) complex at Jamnagar. With the commissioning of this plant, RILs PX capacity has more than doubled making it worlds second largest producer of PX with about 11% of the global production.

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Oriental Bank of Commerce revises MCLR rates
Jun 09,2017

Oriental Bank of Commerce has revised MCLR for different tenors with effect from 12 June 2017 as under -

Overnight - 8.10%
One month - 8.20%
Three month - 8.25%
Six month - 8.35%
1 year - 8.50%

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Godrej Properties grants stock options
Jun 09,2017

Godrej Properties announced that the Board of Directors on 08 June 2017 granted 2,930 stock grants to the Eligible Employee under the Godrej Properties Limited Employee Stock Grant Scheme, 2011 (GPL ESGS).

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ICICI Bank allots 13,08,775 equity shares
Jun 09,2017

ICICI Bank has allotted 13,08,775 equity shares under ESOS on 09 June 2017.

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Shriram Transport Finance Company allots NCDs aggregating Rs 350 crore
Jun 09,2017

Shriram Transport Finance Company has allotted 3500 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10 lakh each, aggregating to Rs. 350 crore on private placement basis.

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TCS recognised as Leader for 4th consecutive year
Jun 09,2017

Tata Consultancy Services announced that it has been recognised as a Leader for the fourth consecutive year in Everest Groups report, Independent Testing Services - PEAK Matrix Assessment & Profiles Compedium, May 2017.

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Aurionpro Solution announces of appointment of Cybernics Chief Strategy Officer
Jun 09,2017

Cybernic, an Aurionpro Company, specialising in cyber security solutions globally and headquartered in San Romano, California announced that it has appointed Romi Randhawa as Chief Strategy Officer.

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Ecron Acunova to offer end-to-end capabilities as Navitas Life Sciences
Jun 09,2017

Take Solutions intimated that its subsidiary Ecron Acunova and a globally recognised full service CRO with Clinical and Bioavailablity/ Bioequivalence expertise, announced that it would be consolidating its capabilities with TAKEs niche Life Sciences brand Navitas and Intelnet to form a unified go to market brand - Navitas Life Sciences.

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Poly Medicure appoints COO
Jun 09,2017

Poly Medicure has appointed Neeraj Raghuvanshi has joined the Company as Chief Operating Officer (COO) from 02 June 2017.

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SREI Infra extends Thursdays gains
Jun 09,2017

Meanwhile, the S&P BSE Sensex was up 48.70 points, or 0.16% at 31,262.06. The S&P BSE Mid-Cap index was up 40.94 points, or 0.28% at 14,875.36.

On the BSE, 4.58 lakh shares were traded on the counter so far as against the average daily volumes of 5.97 lakh shares in the past one quarter. The stock had hit a high of Rs 115.70 and a low of Rs 110 so far during the day. The stock had hit a 52-week high of Rs 116.40 on 15 May 2017 and a 52-week low of Rs 58.10 on 13 June 2016.

The stock had underperformed the market over the past one month till 8 June 2017, falling 2.27% compared with 3.19% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 20.07% as against Sensexs 7.83% rise. The scrip also outperformed the market in past one year, surging 85.47% as against Sensexs 16.63% rise.

The mid-cap company has equity capital of Rs 503.09 crore. Face value per share is Rs 10.

Shares of SREI Infrastructure Finance had gained 4.22% to settle at Rs 109.80 yesterday, 8 June 2017. The gains were triggered after SREI Infrastructure Finance during market hours yesterday, 8 June 2017 announced that it has signed a Memorandum of Understanding (MoU) with Vnesheconombank to create a $200 million IT and Innovation Fund.

The fund will promote cooperation between India and Russia in the fields of IT technology and innovation. The fund also aims to explore investment opportunities in technology companies in Russia, India and other selected regions.

​​Vnesheconombank is a Russian state development institution, which operates to enhance competitiveness of the Russian economy, diversify it and stimulate investment activity.

SREI Infrastructure Finances consolidated net profit spurted 205.31% to Rs 62.71 crore on 60.07% increase in total income to Rs 1310.41 crore in Q4 March 2017 over Q4 March 2016.

SREI Infrastructure Finance is a leading integrated infrastructure financing conglomerate in India with around $5.5 billion of consolidated assets under its management. The companys businesses including infrastructure finance, advisory and development, infrastructure equipment finance, alternative investment funds, capital markets and insurance broking.

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Volumes jump at La Opala RG counter
Jun 09,2017

La Opala RG clocked volume of 2.53 lakh shares by 14:51 IST on BSE, a 137.47-times surge over two-week average daily volume of 2,000 shares. The stock shed 0.13% to Rs 552.55.

Max India notched up volume of 10.47 lakh shares, a 107.18-fold surge over two-week average daily volume of 10,000 shares. The stock rose 1.91% to Rs 154.90.

Ratnamani Metals & Tubes saw volume of 1.01 lakh shares, a 71.65-fold surge over two-week average daily volume of 1,000 shares. The stock rose 3.76% to Rs 755.

UFO Moviez India clocked volume of 1.93 lakh shares, a 24.10-fold surge over two-week average daily volume of 8,000 shares. The stock was trading unchanged at Rs 379.60.

Sinclairs Hotels saw volume of 9.91 lakh shares, a 24.03-fold rise over two-week average daily volume of 41,000 shares. The stock dropped 8.73% to Rs 309.35.

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MTNL spurts on assets monetisation plan
Jun 09,2017

The clarification was issued during trading hours today, 9 June 2017.

Meanwhile, the S&P BSE Sensex was down 5.07 points, or 0.02% to 31,208.29.

On the BSE, 22.70 lakh shares were traded in the counter so far, compared with average daily volumes of 7.27 lakh shares in the past one quarter. The stock had hit a high of Rs 23.20 and a low of Rs 21.10 so far during the day. The stock hit a 52-week high of Rs 27.50 on 25 April 2017. The stock hit a 52-week low of Rs 15 on 22 November 2016.

The stock had underperformed the market over the past one month till 8 June 2017, falling 15.80% compared with 3.19% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.55% as against Sensexs 7.83% rise. The scrip had also underperformed the market in past one year, rising 4.47% as against Sensexs 16.63% rise.

The small-cap company has equity capital of Rs 630 crore. Face value per share is Rs 10.

Mahanagar Telephone Nigam (MTNL) clarified on media report regarding raising of Rs 4000 crore and a potential sale of Delhi, Mumbai properties.

MTNL said that in order to revive the company and come out of the debt, the management of MTNL is considering the proposal for assets monetisation through lease/sale of real estate/buildings, lease/sale of towers, ducts, etc.

The proceeds of assets monetization can be utilised for debt reduction. For this, the company has requested the Department of Telecommunications (DoT) to grant necessary approval. As and when any such approval comes from DoT, the company will inform the stock exchanges accordingly.

MTNL reported net loss of Rs 634.80 crore in Q4 March 2017 as against net profit of Rs 188.63 crore in Q4 March 2016. Net sales declined 13.31% to Rs 705.17 crore in Q4 March 2017 over Q4 March 2016.

State-run MTNL provides telecommunication services. The Government of India currently holds 56.25% stake in MTNL (as per the shareholding pattern as on 31 March 2017).

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MTNL spurts on asset monetisation plan
Jun 09,2017

The clarification was issued during trading hours today, 9 June 2017.

Meanwhile, the S&P BSE Sensex was down 5.07 points, or 0.02% to 31,208.29.

On the BSE, 22.70 lakh shares were traded in the counter so far, compared with average daily volumes of 7.27 lakh shares in the past one quarter. The stock had hit a high of Rs 23.20 and a low of Rs 21.10 so far during the day. The stock hit a 52-week high of Rs 27.50 on 25 April 2017. The stock hit a 52-week low of Rs 15 on 22 November 2016.

The stock had underperformed the market over the past one month till 8 June 2017, falling 15.80% compared with 3.19% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 13.55% as against Sensexs 7.83% rise. The scrip had also underperformed the market in past one year, rising 4.47% as against Sensexs 16.63% rise.

The small-cap company has equity capital of Rs 630 crore. Face value per share is Rs 10.

Mahanagar Telephone Nigam (MTNL) clarified on media report regarding raising of Rs 4000 crore and a potential sale of Delhi, Mumbai properties.

MTNL said that in order to revive the company and come out of the debt, the management of MTNL is considering the proposal for assets monetisation through lease/sale of real estate/buildings, lease/sale of towers, ducts, etc.

The proceeds of assets monetization can be utilised for debt reduction. For this, the company has requested the Department of Telecommunications (DoT) to grant necessary approval. As and when any such approval comes from DoT, the company will inform the stock exchanges accordingly.

MTNL reported net loss of Rs 634.80 crore in Q4 March 2017 as against net profit of Rs 188.63 crore in Q4 March 2016. Net sales declined 13.31% to Rs 705.17 crore in Q4 March 2017 over Q4 March 2016.

State-run MTNL provides telecommunication services. The Government of India currently holds 56.25% stake in MTNL (as per the shareholding pattern as on 31 March 2017).

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Aarvee Denims slips after shutting Ahmedabad unit
Jun 09,2017

The announcement was made after trading hours yesterday, 8 June 2017.

Meanwhile, the S&P BSE Sensex was down 16.87 points, or 0.05% to 31,196.49.

On the BSE, 649 shares were traded in the counter so far, compared with average daily volumes of 5,042 shares in the past one quarter. The stock had hit a high of Rs 62 and a low of Rs 60.30 so far during the day. The stock hit a 52-week high of Rs 110.90 on 1 November 2016. The stock hit a 52-week low of Rs 57.05 on 30 May 2017.

The stock had underperformed the market over the past one month till 8 June 2017, falling 12.08% compared with 3.19% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.60% as against Sensexs 7.83% rise. The scrip had also underperformed the market in past one year, rising 4.95% as against Sensexs 16.63% rise.

The small-cap company has equity capital of Rs 23.46 crore. Face value per share is Rs 10.

Aarvee Denims & Exports announced that one of manufacturing unit situated at Narol in Ahmedabad has been closed with effect from 6 June 2017 due to closure notice issued by Gujarat Pollution Control Board (GPCB) for safety and health concerns.

The company said it is taking all the necessary steps to re-start the manufacturing unit at earliest by taking remedial measures as directed by GPCB.

Aarvee Denims & Exports reported net loss of Rs 1.30 crore in Q4 March 2017 as against net profit of Rs 3.35 crore in Q4 March 2016. Net sales rose 16.8% to Rs 265.37 crore in Q4 March 2017 over Q4 March 2016.

Aarvee Denims and Exports is a leading global player in the textile industry.

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