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Board of Proaim Enterprises appoints director
Nov 10,2016

The Board of Proaim Enterprises has approved the appointment of Girraj Kishor Agarwal as Additional Director at meeting held on 10 November 2016.

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Manappuram Finance jumps on robust Q2 numbers
Nov 10,2016

The result was announced during market hours today, 10 November 2016.

Meanwhile, the S&P BSE Sensex was up 227.70 points or 0.84% at 27,480.23.

On BSE, so far 15.26 lakh shares were traded in the counter as against average daily volume of 6.07 lakh shares in the past two weeks. The stock hit a high of Rs 104.50 and a low of Rs 98.50 so far during the day.

Manappuram Finance is a non-banking financial company (NBFC), providing finance against household gold ornament.

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Board of Kinetic Engineering to consider September quarter and half year results
Nov 10,2016

Kinetic Engineering announced that a meeting of the Board of Directors of the Company has been scheduled on 14 November 2016, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter and Half Year ended on 30 September 2016.

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Board of Kinetic Engineering to consider September quarter and half year results
Nov 10,2016

Kinetic Engineering announced that a meeting of the Board of Directors of the Company has been scheduled on 14 November 2016, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter and Half Year ended on 30 September 2016.

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Gartner Predicts 15 Percent of Successful Chief Data Officers Will Move to CEO, COO, CMO or Other C-Level Positions by 2020
Nov 10,2016

Gartner, Inc.s second annual chief data officer (CDO) survey* has found that early adopters of the CDO role and the office of the CDO (OCDO) are pioneering a new organizational function, to go alongside IT, business operations, HR and finance.

Organizations that have made the strategic decision to introduce the CDO role are looking to get as much new value as possible from this position. Thirty percent of the surveyed CDOs said they report directly to the CEO. CDOs are adding to the competitiveness of their companies by contributing to strategic planning and decision making, and by leading digital business initiatives. As a result, Gartner predicts that, by 2020, 15 percent of successful CDOs will move into CEO, COO, CMO or other C-level positions.

The office of the CDO is being established as an operational department with the appropriate staffing, budget and responsibilities, said Debra Logan, vice president and Gartner Fellow. Fifty-four percent of the organizations we surveyed said that their OCDO was fully or partially implemented, with a further 20 percent already exploring, planning to explore or planning to implement an OCDO within the next year. Only 19 percent said they are unlikely to implement an ODCO.

Gartner analysts discussed the CDO role, and how CIOs can create a positive working relationship with their CDO, during Gartner Symposium/ITxpo 2016, which is taking place here until Thursday.

According to the survey, the main business objectives of the OCDO are to increase customer intimacy (62 percent), competitive advantage (60 percent) and efficiency (54 percent). Respondents said that the main organization-wide responsibilities are oversight of analytics initiatives (69 percent) and data governance (68 percent). Next come responsibilities for defining the analytics strategy for the organization and ensuring information reliability and value (64 percent each).

As the use of data and analytics continues to rise, data and analytics-related crises will continue to plague businesses that fail to implement the CDO role and an OCDO. While only 27 percent of those surveyed identified a specific data or analytics-related crisis or problem as their reason for creating the CDO role, some of the other identified objectives point to this, said Jamie Popkin, a Gartner vice president and Gartner Fellow. Twenty-four percent of the respondents said that the board of directors wanted the role. Whatever prompted a high degree of board-level involvement in the creation of the new operational function must have had a major operational impact, or been thought likely to have such an impact in future. The boards involvement, together with the responses pointing to a specific crisis or problem, and the 41 percent of respondents who said that the CEO or CFO wanted the role, makes it safe to assume that this was a major strategic decision that affected business operating models.

CDOs Are Responsible for Creating and Integrating Enterprise Data and Analytics Capabilities

The OCDO accommodates a wide range of roles emphasizing data and information management, data quality, business analytics and information architecture. Most CDOs said that their role will focus on two key responsibilities, said Mario Faria, a managing vice president at Gartner. Sixty-seven percent of the respondents said they are acting as a champion or change agent in leading the organizational changes required to create and sustain enterprise data and analytics capabilities. Sixty-one percent are leading the effort to ensure that data and analytics are integrated into the business strategy and roadmap.

The CDOs Relationship With IT Leaders

Most respondents said they have developed positive working relationships with IT leaders. While most early holders of the CDO role said they treat the CIO as an ally or partner (62 percent), the relationship between the CDO and the CIO will remain crucial, said Mr. Popkin. Strategy development, decision-making power and funding will be sources of contention between IT leaders and the OCDO as the role of the CDO becomes more broadly established.

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Board of Patdiam Jewellery approves capital expenditure of Rs 60 cr
Nov 10,2016

The Board of Directors of Ashima at their meeting held on 10 November 2016 approved the following -

Appointment of Atul Kumar Singh as Additional Director and Independent Director.

Approved capital expenditure amount of Rs 60 crore.

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Board of Patdiam Jewellery approves capital expenditure of Rs 60 cr
Nov 10,2016

The Board of Directors of Ashima at their meeting held on 10 November 2016 approved the following -

Appointment of Atul Kumar Singh as Additional Director and Independent Director.

Approved capital expenditure amount of Rs 60 crore.

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Patdiam Jewellery Board to consider September half year results
Nov 10,2016

Patdiam Jewellery announced that a meeting of Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Result along with Limited Review Report for the half year ended on 30 September 2016 and to consider any other matter with the permission of Chair.

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Patdiam Jewellery Board to consider September half year results
Nov 10,2016

Patdiam Jewellery announced that a meeting of Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Result along with Limited Review Report for the half year ended on 30 September 2016 and to consider any other matter with the permission of Chair.

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Board of Sobha to consider Q2 results
Nov 10,2016

Sobha announced that a meeting of the Board of Directors of the Company is scheduled on 21 November 2016, inter alia, to consider and take on record the unaudited financial results of the Company for the quarter and half-year ended 30 September 2016 (Q2).

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Board of Sobha to consider Q2 results
Nov 10,2016

Sobha announced that a meeting of the Board of Directors of the Company is scheduled on 21 November 2016, inter alia, to consider and take on record the unaudited financial results of the Company for the quarter and half-year ended 30 September 2016 (Q2).

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Rane Holdings gallops on robust Q2 results
Nov 10,2016

The result was announced during market hours today, 10 November 2016.

Meanwhile, the BSE Sensex was up 269.98 points, or 0.99%, to 27,510.98.

On BSE, so far 3,772 shares were traded in the counter compared with average volume of 4,197 shares over the past two weeks. The stock hit a high of Rs 892.95 and a low of Rs 816 so far during the day.

Rane Holdings is the holding company of the Chennai-based Rane Group, an acknowledged leader in the manufacture of auto components in the country,

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Rane Holdings gallops on strong Q2 results
Nov 10,2016

The result was announced during market hours today, 10 November 2016.

Meanwhile, the BSE Sensex was up 269.98 points, or 0.99%, to 27,510.98.

On BSE, so far 3,772 shares were traded in the counter compared with average volume of 4,197 shares over the past two weeks. The stock hit a high of Rs 892.95 and a low of Rs 816 so far during the day.

Rane Holdings is the holding company of the Chennai-based Rane Group, an acknowledged leader in the manufacture of auto components in the country,

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Board of State Bank of India approves issue of Infra bonds of Rs 5000 cr
Nov 10,2016

State Bank of India announced that Executive Committee of Central Board at its meeting held on 10 November 2016, has accorded its approval for issuance of Long Term Bonds of Rs. 5,000 crore for financing of Infrastructure and Affordable Housing (Infra Bonds) during FY 2017 on private placement in tranches at appropriate time in domestic as well as overseas market.

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Board of State Bank of India approves issue of Infra bonds of Rs 5000 cr
Nov 10,2016

State Bank of India announced that Executive Committee of Central Board at its meeting held on 10 November 2016, has accorded its approval for issuance of Long Term Bonds of Rs. 5,000 crore for financing of Infrastructure and Affordable Housing (Infra Bonds) during FY 2017 on private placement in tranches at appropriate time in domestic as well as overseas market.

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