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Multimodal Logistics Parks: Way Forward for Reducing Logistics Cost
May 05,2017

Multi Modal Logistics Parks are the way forward for reducing logistics costs in India, and the Government needs to focus on putting in place the right regulatory and institutional support for building the same. A panel of experts discussed the issue at the India Integrated Transport & Logistics Summit at Vigyan Bhawan in New Delhi yesterday. Developing a network of multimodal logistics parks (MMLPs) to act as logistics hubs will address the issues of unfavorable modal mix, inefficient fleet mix and an underdeveloped material handling infrastructure. Logistics parks are expected to help transition from the current situation of point-to-point freight movement to an ideal situation of hub and spoke model freight movement.The large-scale investment required for developing logistics parks and the need to leverage industry best practices make the PPP model the most viable option. The involvement of a private player will enable access to state-of-the-art technologies available with the private sector and help in achieving efficient delivery of quality operational and maintenance services. Availability of long tenured loans, assistance in land acquisition and quality of trunk infrastructure are some of the other reasons which make the participation of the government critical in the development of logistics parks.

Addressing the session the Union Minister of State for Civil Aviation Shri Jayant Sinha highlighted that both time and cost of logistics need to be considered while planning for efficient logistics. He gave international examples of multimodal integration and talked about developing Guwahati into an efficient multi-modal logistics hub. Shri. Mohammed Jamshed, Member (Traffic), Railway Board also addressed the session and presentations were made by Mr. Robert Brekelmans, Chief Executive Officer, Transforium Company Support and Shri Prakash Tulsiani, Chief Operating Officer, All Cargo Logistics Limited.

The panel discussed issues like success stories of MMLPs in developed economies , Changing economic landscape and the need for MMLP, Impediments for multimodal logistics movement in India changes needed in Multimodal Transportation Act and the need for coordinated action

Multi Modal Logistics Parks are expected to bring down logistics costs by serving four functionalities - Freight aggregation and distribution, Multi Modal freight transportation, Storage and Warehousing with modern, mechanized warehousing space satisfying the special requirements of different commodity groups and value added services: such as customs clearance with bonded storage yards, warehousing management services, etc.

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Board of Shantai Industries approves bonus issue
May 05,2017

Shantai Industries announced that the Meeting of board of directors of Company was held on 05 May 2017. The outcome of the meeting is summarized as under:

1. Board of directors have recommended the issue of bonus shares in the proportion of two bonus equity shares of Rs. 10/- each for every one fully paid up equity share of Rs. 10/- each subject to approval of members at general meeting.

2. The Report of Board of Directors for year ended 31 March 2017 and notice of Annual General Meeting for the year 2017 was approved.

3. A letter of unwillingness received from statutory auditors M/s. Mohit Shah & Associates form being re-appointed at next Annual General Meeting was noted.

4. Disclosure of interest received from directors was taken on record.

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Unified Urban Transport Body and Private Participation in Public Transport Could Help Promote Seamless Urban Mobility
May 05,2017

A panel of experts at the India Integrated Transport & Logistics Summit deliberated on ways and means to make urban transportation faster and more efficient. Growing urbanization has increased the need for efficient and seamless public transport systems. Development of public mass transport systems has picked up recently, with a proposal to build a metro rail system in every city with a population of more than 2 million. Multiple trial runs for BRTS system have also been conducted, with varying degrees of success, to improve the intra city transportation infrastructure. Developments in inter-city rail connectivity are also on the anvil. There is a pressing need to address issues of congestion, especially in view of the growing movement of consumer goods and to deploy new age technologies & practices to improve traffic movement and road safety.

The discussion focused on urban transport policy and role of public-private partnership in improving the same. Strengths and limitations of public and private participants in urban transit was also discussed. Currently, most common PPP model worldwide is government investing in infrastructure and private participants managing operations and maintenance activities. However, most panelists agreed that public transport which requires large investment would also benefit from private participation in infrastructure investment. There is also a need to adopt innovative models like land monetization and advertisement to enhance viability of public transport.

Experts suggested that a unified urban transport body on the lines of Transport for London or the newly founded Riyadh authority can enable integrated and coordinated network and can have huge impact towards seamless urban mobility.

The role of technology in enabling a seamless connectivity and enhancing public transport use was also discussed.

Dr Ekroop Caur ,MD, Bengaluru Metropolitan Transport Corporation (BMTC) highlighted the key initiatives, like network optimization,taken up by her organization in providing adequate transportation in Bangalore. She also highlighted the importance of integrated planning in providing adequate connectivity to commuters.

Shri. Mukund Sinha OSD, Ministry of Urban Development talked about the funding mechanisms in place for public transportation by Government of India and highlighted the importance of transit oriented development.

Shri.M. Ramshekhar, MD, DIMTS talked about the future of mobility and Shri. Shashi Verma ,CTO and Director of Customer Experience, Transport for London highlighted the importance of an integrated authority in providing seamless urban mobility. He also highlighted the measures taken by TFL in enabling safer and greener urban freight mobility.

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FPIs step up selling
May 05,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 409.60 crore into the secondary equity markets on 4 May 2017, higher than net outflow of Rs 92.87 crore on 3 May 2017. On that day, the Sensex had risen 231.41 points or 0.77% to settle at 30,126.21, its highest closing level since 26 April 2017.The net outflow of Rs 409.60 crore on 4 May 2017 was a result of gross purchases of Rs 5753 crore and gross sales of Rs 6162.60 crore.

There was a net inflow of Rs 269.44 crore into the category primary market & others on 4 May 2017.

FPIs have sold stocks worth a net Rs 2099.68 crore into the secondary equity markets in May 2017 so far (till 4 May 2017). They sold stocks worth a net Rs 1645.32 crore in April 2017.

FPIs have purchased shares worth a net Rs 32742.47 crore from the secondary equity markets in calendar year 2017 so far (till 4 May 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have purchased stocks worth a net Rs 419.28 crore from the category primary market & others in May 2017 so far (till 4 May 2017). They had bought stocks worth a net Rs 4039.81 crore from the category primary market & others in April 2017.

FPIs have purchased shares worth a net Rs 7603.20 crore from the category primary markets & others in calendar year 2017 so far (till 4 May 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Ind-Ra: Volatile Coking Coal Prices May Put Pressure on Steel Sector Spreads
May 05,2017

The volatility in input cost, mainly coking coal prices is likely to keep the steel sector spreads (difference between price and raw material cost) under pressure in FY18, says India Ratings and Research (Ind-Ra). The price of coking coal, a key raw material restarted its up move in April 2017, after softening from the elevated levels of November 2016. Ind-Ra believes the recent surge in prices is temporary and it may soften in the near term, however its unlikely to correct significantly in FY18.

Ind-Ra had highlighted in the report FY18 Steel Outlook: Increased Government Spending will be the Key that the softening of input cost would be a key determinant for the steel sectors profitability. However, price of coking coal has surged by 100% to around USD310/t in April 2017 mom. Ind-Ra believes this may not be fully passed on and could impact profitability in 2QFY18, as for domestic steel producers it takes around two to three months from order to consumption. The sudden surge in coking coal prices in April 2017, is on account of the disruption in exports from Australia a major exporter of coal, due to a cyclone which damaged railway lines connecting mines. Ind-Ra believes that the current situation in Australia is temporary and once the supply situation eases, regular coking coal prices will correct from the current peak, however it may not decline to the lows of USD75/t witnessed in January 2016. However, if coking coal prices remain high without the commensurate opportunity for the players to pass on the increased cost during FY18, the profitability could be severely impacted.

Input prices were volatile even in FY17, with coking coal prices surging 310% between January 2016-November 2016 to USD308/t and thereafter correcting to around USD150/t in March 2017. Despite a correction of around 50%, it remained significantly higher than the low of around USD75/t in January 2016. The exponential surge in input cost can led to a decline in spreads between realisation and raw material prices by around USD40/t-USD50/t in 4QFY17, since the increase in cost could not be fully passed on to the end consumer due to the oversupply situation. The likely impact of the exponential surge in coking coal price in 3QFY17 would have been felt in 4QFY17.

The surge in raw material prices have pushed both international and domestic finished steel prices close to the limits imposed by anti-dumping duty which has now been recommended by Directorate General of Anti-dumping and Allied Duties for five years at marginally higher rates, pending the final notification. The sustained high prices in finished steel in response to the increase in input cost can make the protection infructuous, as the domestic steel sector will open up for international competition and will have a fallout on the profitability of domestic players.

Ind-Ra believes that companies producing a higher proportion of steel through the blast furnace route with a dependence on imported coking coal will be hurt more than players with access to domestic sources of coking coal or those producing steel through the direct-reduced iron route.

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Strides Shasun intimates of successful USFDA inspection of API facility at Puducherry
May 05,2017

Strides Shasun announced that its Active Pharmaceutical Ingredients manufacturing site in Puducherry was recently inspected by USFDA and the approval was renewed with Zero 483 status.

Over the last month, three facilities were inspected by USFDA and cleared with Zero 483 status.
-API facility at Cuddalore
-Oral Dosage facility at Puducherry
-API facility at Puducherry.

The Companys flagship facility (KRSG Gardens) in Bangalore was also inspected and cleared by USFDA in June 2016 without any 483 observations.

With this, the Companys last four USFDA inspections were successfully completed without any observations.

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Board of Agro Tech Foods recommends final dividend
May 05,2017

Agro Tech Foods announced that the Board of Directors of the Company at its meeting held on 3 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Agro Tech Foods to hold AGM
May 05,2017

Agro Tech Foods announced that the 30th Annual General Meeting (AGM) of the company will be held on 26 July 2017.

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Board of V-Mart Retail recommends final dividend
May 05,2017

V-Mart Retail announced that the Board of Directors of the Company at its meeting held on 3 May 2017, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

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Board of KPR Mill recommends final dividend
May 05,2017

KPR Mill announced that the Board of Directors of the Company at its meeting held on 3 May 2017, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Larsen & Toubro Infotech allots 38,093 equity shares
May 05,2017

Larsen & Toubro Infotech has 38,093 Equity Shares of face value of Re. 1/- each to the persons who had exercised their vested stock options under the Companys Employee Stock Ownership Scheme on 04 May 2017.

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Sadbhav Infra gallops after mega buk deal
May 05,2017

Meanwhile, the S&P BSE Sensex was down 286.65 points, or 0.95% to 29,839.56. The S&P BSE Mid-Cap index was down 169.19 points or 1.14% at 14,711.67.

Bulk deal boosted volume on the scrip. On the BSE, 1.36 crore shares were traded in the counter so far, compared with average daily volumes of 16,274 shares in the past one quarter. The stock had hit a high of Rs 118.85 and a low of Rs 103.75 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a 52-week low of Rs 81.05 on 9 November 2016.

The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.

On a consolidated basis, Sadbhav Infrastructure Project reported net loss of Rs 66.35 crore in Q3 December 2016, higher than net loss of Rs 139.51 crore in Q3 December 2015. Net sales declined 35.96% to Rs 322.14 crore in in Q3 December 2016 over Q3 December 2015.

Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.

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Board of Godrej Properties approves sale of stake in Godrej Investment Advisers
May 05,2017

Godrej Properties announced that the Board of Directors of the Company at its meeting held on 04 May 2017 has approved the sale of its entire stake in Godrej Investment Advisers (a wholly owned Subsidiary of the company), subject to requisite approvals.

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BHEL achieves 370 MW solar PV portfolio
May 05,2017

Bharat Heavy Electricals has ended the year 2016-17 with a significant solar PV portfolio of 370 MW, comprising 360 MW ground-mounted power plants and 10 MW rooftop power plants, marking a significant contribution to the Nations Green initiatives.

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IndusInd Bank opens its 18th branch in Jaipur
May 05,2017

IndusInd Bank has inaugurated its 18th branch in Jaipur. With this branch, the bank now has 94 branches in state of Rajasthan.

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