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Havells Indian++in focus on plan to buy Lloyd Consumer for Rs 1600 crore
Feb 20,2017

Havells India announced that its board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer). This acquisition, when completed, will mark Havells foray into consumer durables industry. The acquisition is proposed to be executed at an enterprise value of Rs 1600 crore on a debt free, cash free basis subject to closing adjustments. The announcement was made on Sunday, 19 February 2017.

Jaiprakash Associates said that the stakeholders relationship committee of Jaiprakash Power Ventures (JPVL), a subsidiary of the company, in its meeting held 18 February 2017, has allotted 305.80 crore equity shares at Rs 10 per share to its various lenders, upon approval of allocation of conversion of part of their outstanding debt amount into equity shares, pursuant to implementation of SDR. Lenders now hold 51% of the JPVLs capital, while holding of Jaiprakash Associates post issue fell to 29.74% from the earlier 60.69%. The announcement was made on Saturday, 18 February 2017.

Kotak Mahindra Bank (KMBL) in its clarification issued to the stock exchanges with respect to recent news article in media titled Kotak Mahindra, Axis Bank shares up on merger buzz said that it does not comment on speculation. The bank undertakes to comply with all its disclosure obligations, KMBL said. The announcement was made after market hours on Friday, 17 February 2017.

Shares of Ambuja Cements will be in spotlight as the company is scheduled to announce Q4 December 2016 results today, 20 February 2017.

Great Eastern Shipping Company (GE Shipping) said that its wholly owned subsidiary Greatship (India) (GIL) has sold and delivered its 1999 built platform supply vessel (PSV) Greatship Disha to the buyers. The announcement was made after market hours on Friday, 17 February 2017.

Religare Enterprises said that its indirect subsidiary Religare Wealth Management has entered into a definitive agreement with the Anand Rathi Group to sell its interests in its wealth management business. This transaction is subject to necessary approvals, Religare Enterprises (REL) said in a stock exchange notice. REL said the consideration is not being disclosed due to confidentiality obligations of Religare under the definitive agreements executed with the buyer. The expected date of completion of sale/disposal is 31 March 2017. Religare Wealth Management reported a revenue of Rs 24.84 crore in the financial year ended 2016. The announcement was made after market hours on Friday, 17 February 2017.

Bharat Petroleum Corporation (BPCL) said that its shareholders approved private placement of non-convertible bonds/debentures and/or other debt securities. In exercise of the said delegated authority, BPCL is planning to raise up to Rs 2,000 crore during the current financial year through private placement of secured non-convertible debentures subject to market conditions. The debentures are proposed to be listed on debt market segment of the BSE and NSE. The details of the issue viz., class of investors, issue price, tenor, interest rate etc. will depend on the market conditions which will be intimated on crystallization of the issue. The announcement was made after market hours on Friday, 17 February 2017.

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M&M in focus after new product launch
Feb 17,2017

Mahindra & Mahindra (M&M) after market hours yesterday, 16 February 2017, announced that it has introduced 7 new products simultaneously under its Supro platform. The company launched 4 new variants of its stylish and spacious passenger carrier, namely Supro Minivan, Supro Minivan VX, Supro Minivan CNG and Supro School Van and 3 new variants of its modern load carrier, Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van. Priced competitively, the Supro Minivan starts at Rs 4.71 lakh (ex-showroom Kolkata, BS4) while the Supro Minitruck starts at Rs 4.28 lakh (ex-showroom Kolkata, BS4).

ln the small commercial load category, the company expanded its range with the launch of Supro Minitruck, Supro Minitruck CNG & Supro Cargo Van, additions to the already existing Supro Maxitruck, making it a complete range of powerful, profitable Small Cargo vehicles.

ln the passenger category, the company expanded its range with the launch of the Supro Minivan, Minivan VX, Supro Minivan CNG & Supro School Van to the already existing Supro, resulting in it a complete range of spacious, comfortable Minivans. The Supro platform was conceptualised to effectively cater to the needs of multiple segments in the passenger and cargo movement categories, while delivering a superior value proposition, M&M said.

HDFC Bank will be in focus. The Reserve Bank of India (RBI) notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)/ Foreign Direct Investment (FDI)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The announcement was made after market hours yesterday, 16 February 2017.

Bharat Heavy Electricals (Bhel) and Idea Cellular have been removed from the benchmark Nifty 50 index, NSEs index provider IISL said in a statement on Thursday, 16 February 2017. The two stocks will be replaced by Indiabulls Housing Finance and Indian Oil Corporation (IOC) instead, as part of the periodic review process. The changes will take effect from 31 March 2017, the statement added.

NTPC announced after market hours yesterday, 16 February 2017, that the first rake of coal was flagged off on 16 February 2017 from the companys first coal mine, Pakri Barwadih in Jharkhand. This coal mine will have ultimate capacity of 18 million metric tonne per annum. In the next year, around 2-3 million metric tonne of coal is likely to be produced. As a basket source, coal will be supplied to different power stations of NTPC from this mine.

Biocon announced that the U.S. Food and Drug Administration (FDA) has accepted Biologics License Application for Mylan and proposed biosimilar pegfilgratism. The US FDA has accepted Mylans Biologics License Application (BLA) for MYL44O1H, a proposed biosimilar to Neulasta (pegfilgrastim), for filingthrough the 351(k) pathway. The proposed biosimilar to Neulasta is used to reduce the duration of neutropenia (low count of neutrophils, a type of white blood cells) and the incidence of fever associated with neutropenia in adult patients treated with chemotherapy n++n certain types of cancer. The FDA goal date set under the Biosimilar User Fee Act (BsUFA) is 9 October 2017, the company said. The announcement was made after market hours yesterday, 16 February 2017.

Siemens announced that it has received an order worth about Rs 119 crore from Sterlite Power Grid Ventures. The order is for design, engineering, procurement, manufacture, supply and commissioning of equipment for a substation at Khandwa in Madhya Pradesh and for bay extension equipment at Dhule in Maharashtra for Khargone Transmission. The announcement was made after market hours yesterday, 16 February 2017.

Eveready Industries India announced that a meeting of the board of directors of the company will be held on 20 February 2017, inter alia, to consider the re-organisation of the packet tea operations. The announcement was made after market hours yesterday, 16 February 2017.

Shilpa Medicare said that there was an incident of fire at the companys EOU Unit (API) plant in one block of the company, situated at Raichur, Karnataka. It is further intimated that it may not have impact on the operations of the said plant or financials. The announcement was made after market hours yesterday, 16 February 2017.

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TCS will be watched after buyback proposal
Feb 16,2017

TCS said that its board will meet on 20 February 2017 to consider buyback of equity shares. The announcement was made after trading hours yesterday, 15 February 2017.

Tata Steel said that the National Trade Union Steel Coordinating Committee (Steel Committee) in the UK announced that its members have voted to support the companys proposals, including the proposal to close the pension scheme in the UK to future accrual. Tata had offered a package in December 2016 to retain its steel business in Britain instead of selling it, and the generous financial commitment in the pension scheme was seen as a major hurdle. Three unionsn++Unite, Community and GMBn++balloted their members on the package offered. As much as 72.1% of the members of Community and 75.6% of members of Unite - the two biggest unions - as well as 74% of the third union GMB, voted in favour of accepting the proposals. The announcement was made after trading hours yesterday, 15 February 2017.

State Bank of India (SBI) said that the Finance Minister of India, in a press briefing earlier on 15 February 2017, announced that the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI. The announcement was made after trading hours yesterday, 15 February 2017.

Nestle Indias net profit fell 8.7% to Rs 167.31 crore on 16.2% increase in net sales to Rs 2261.28 crore in Q4 December 2016 over Q4 December 2015. The companys net profit rose 64.5% to Rs 926.54 crore on 12.8% increase in net sales to Rs 9159.28 crore in the year ended December 2016 over the year ended December 2015. The result was announced after trading hours yesterday, 15 February 2017.

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DLF in focus after weak Q3 results
Feb 15,2017

Realty major DLFs consolidated net profit fell 46.11% to Rs 98.14 crore on 30.23% declined n net sales to Rs 2057.92 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

In a separate announcement, DLF said it has decided to extend the deadline for sale of 40% stake owned by its promoters in its rental arm DLF Cyber City Developers (DCCDL) to March 2018.

On a consolidated basis, Adani Enterprises net profit rose 61.72% to Rs 339.96 crore on 9.10% rise n net sales to Rs 8602.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

MOILs net profit rose 670.7% to Rs 101.42 crore on 299.3% rise n net sales to Rs 355.30 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Jindal Steel & Power (JSPL) reported a net loss of Rs 407.44 crore in Q3 December 2016 compared with a net loss of Rs 573.48 crore in Q3 December 2015. Net sales rose 28.15% to Rs 5296.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

On a consolidated basis, Voltas net profit rose 38.71% to Rs 80.19 crore on 6.72% decline n net sales to Rs 1174.53 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Housing Development Finance Corporation (HDFC) said it established a medium term note programme (MTN programme) for an amount of up to $750 million for enabling the corporation to issue debt instruments in the international capital markets. The establishment of the MTN programme is only an enabling step and presently, no instruments are being issued by the corporation. The announcement was made after market hours yesterday, 14 February 2017.

On a consolidated basis, Unitech reported a net loss of Rs 17.13 crore in Q3 December 2016 compared with net loss of Rs 12.25 crore in Q3 December 2015. Total income rose 8.97% to Rs 414.16 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 14 February 2017.

Sagar Cements said that its board allotted 24 lakh equity shares to eligible qualified institutional buyers at Rs 720 each, aggregating to Rs 172.80 crore. The announcement was made after market hours yesterday, 14 February 2017.

Gitanjali Gems said that its wholly owned subsidiary, Gitanjali Infratech, has acquired 100% equity shares of Dynamic Infrazone for setting up and developing gems and jewellery park in Orissa. The announcement was made after market hours yesterday, 14 February 2017.

Oricon Enterprises said that its wholly owned subsidiary, Oriental Containers, has completed expansion of its plastic closures manufacturing capacity at Rs 35 crore at M.I.D.C.-Murbad, (Maharashtra) with a capacity of 1.2 billion closures per annum. With this total installed capacity of plastic closures is increased to over 8 billion per annum, highest in India. The announcement was made after market hours yesterday, 14 February 2017.

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HPCL in spotlight after Q3 results
Feb 14,2017

HPCLs net profit rose 52.7% to Rs 1590.31 crore on 12.9% rise in net sales to Rs 48485.57 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017. Based on the approval received from Government of India, HPCL accounted for budgetary support of Rs 263.88 crore in Q3 December 2016 compared with Rs 441.32 crore in Q3 December 2015 towards under recovery on sale of PDS SKO (Kerosene). The government decontrolled petrol & diesel prices. However, public sector oil marketing companies (PSU OMCs) sell liquified petroleum gas (LPG) and kerosene at controlled prices.

Petronet LNGs net profit surged 132.5% to Rs 397.47 crore on 23.9% rise in net sales to Rs 5976.58 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

GMR Infrastructure reported net loss of Rs 381.93 crore in Q3 December 2016 compared with net profit of Rs 40.01 crore in Q3 December 2015. Total income fell 24.35% to Rs 225.97 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

MMTCs net profit surged 274.2% to Rs 74.43 crore on 37.8% rise in net sales to Rs 4939.65 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

On a consolidated basis, Prestige Estates Projects net profit fell 75.51% to Rs 68.30 crore on 0.09% rise in total income to Rs 1253.52 crore in in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 13 February 2017.

SKF India said that its board approved a proposal for buy-back of fully paid up equity shares of the company from all the existing shareholders of the company. The company proposes to buyback around 26 lakh equity shares at Rs 1,500 each, aggregating to an amount not exceeding Rs 390 crore. The board noted the intention of members of the promoter and promoter group to participate in the proposed buyback. The announcement was made after market hours yesterday, 13 February 2017.

Container Corporation of India said that its board recommended issuing one bonus share for every four existing equity shares held in the company (1:4). The announcement was made after market hours yesterday, 13 February 2017.

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Idea Cellular in focus after Q3 results
Feb 13,2017

On a consolidated basis, Idea Cellular reported net loss of Rs 383.88 crore in Q3 December 2016 compared with net profit of Rs 659.36 crore in Q3 December 2015. Net sales fell 3.73% to Rs 8660.74 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 11 February 2017.

On a consolidated basis, Reliance Capitals net profit fell 11.06% to Rs 209 crore on 68.47% increase in total income to Rs 3964 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 10 February 2017.

Mahanagar Gas net profit rose 30.16% to Rs 99 crore on 2.05% decline in total income from operations to Rs 554.34 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 11 February 2017.

PTC Indias net profit fell 9.08% to Rs 42.57 crore on 7.89% increase in total income to Rs 3132.48 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Sunday, 12 February 2017.

Jaiprakash Associates reported net loss of Rs 1095.02 crore in Q3 December 2016, higher than net loss of Rs 827.26 crore in Q3 December 2015. Net sales fell 23% to Rs 1512.91 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 10 February 2017.

Hindustan Motors said it sold the Ambassador brand and certain related rights to Peugeot S.A for Rs 80 crore. The announcement was made after market hours on Friday, 10 February 2017.

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BPCL, Power Grid in focus after declaring good Q3 earnings
Feb 10,2017

Bharat Petroleum Corporation (BPCLs) net profit rose 47.04% to Rs 2271.94 crore on 15.55% increase in total income to Rs 54093.75 crore in Q3 December 2016 over Q3 December 2015. The result was announced after trading hours yesterday, 9 February 2017.

Power Grid Corporation of Indias net profit rose 20.16% to Rs 1930.02 crore on 23.94% increase in total income to Rs 6787.51 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Aurobindo Pharmas consolidated net profit rose 6.3% to Rs 578.59 crore on 11.41% increase in total income to Rs 3914.10 crore in Q3 December 2016 over Q3 December 2015. The result was announced after trading hours yesterday, 9 February 2017.

Cairn Indias consolidated net profit rose 1376.11% to Rs 603.73 crore on 8.74% increase in total income to Rs 2594.41 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Bosch, GAIL (India), Mahindra & Mahindra, State Bank of India and Tata Power Company among others will declare their Q3 results today, 10 February 2017.

Bata Indias net profit fell 15.86% to Rs 37.71 crore on 4% increase in total income to Rs 659.77 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

Steel Authority of India (Sail) reported net loss of Rs 794.84 crore in Q3 December 2016, as compared with net loss of Rs 1481.06 crore in Q3 December 2015. Total income rose 25.26% to Rs 11368.15 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 9 February 2017.

ICRAs board of directors approved buyback of a maximum of 88,888 equity shares for price not exceeding Rs 4500 crore and total buyback consideration of Rs 40 crore. The announcement was made after market hours yesterday, 9 February 2017.

ITI said that the board of directors has considered and approved the issue and allotment of 8 crore equity shares of Rs 10 each at par amounting to Rs 80 crore to President of India. The allotment of equity shares is made pursuant to BIFR order dated 8 January 2013, sanctioning the revival scheme of the company. The announcement was made after market hours yesterday, 9 February 2017.

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Cipla, Hero MotoCorp in focus after declaring Q3 results
Feb 09,2017

Ciplas consolidated net profit rose 44% to Rs 374.83 crore on 18.08% rise in total income to Rs 3800.70 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Hero MotoCorps net profit fell 2.55% to Rs 772.05 crore on 10.98% drop in total income to Rs 7030.57 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Union Bank of Indias net profit rose 32.41% to Rs 104 crore on 8.94% rise in total income to Rs 9589.45 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Among corporate news, BPCL, Lupin and Power Grid Corporation of India will declare their Q3 results today, 9 February 2017.

Thermaxs consolidated net profit fell 30.3% to Rs 54.77 crore on 11.83% drop in total income to Rs 998 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Indraprastha Gass net profit rose 36.81% to Rs 144.81 crore on 2.29% rise in total income to Rs 961.98 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

Reliance Powers consolidated net profit rose 14.37% to Rs 275.70 crore on 16.73% rise in total income to Rs 2984.56 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

SKF India scheduled a board meeting on 13 February 2017, to consider a proposal for buyback of equity shares. The announcement was made after market hours yesterday, 8 February 2017.

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Banking, auto, realty stocks in spotlight ahead of RBI policy meeting
Feb 08,2017

Interest rate sensitive banking, auto and realty stocks will be watched ahead of the Reserve Bank of Indias (RBI) monetary policy meeting today, 8 February 2017. The RBI is expected to cut policy rates by 25 basis points. The RBI had left its benchmark repo rate unchanged at 6.25% during the meeting held on 7 December 2016. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance.

Among corporate news, Cipla, Hero MotoCorp, NTPC and Union Bank of India will declare their Q3 results today, 8 February 2017.

Tata Steel reported consolidated net profit of Rs 231.90 crore in Q3 December 2016 in Q3 December 2016 as compared with net loss of Rs 2747.72 in Q3 December 2015. Total income rose 13.64% to Rs 28143.51 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Titan Companys net profit rose 13.09% to Rs 255.75 crore on 13.43% rise in total income to Rs 3904.82 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

NHPCs net profit rose 25.87% to Rs 214.69 crore on 4.04% fall in total income to Rs 1617.59 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Blue Dart Express net profit dropped 46.31% to Rs 28.17 crore on 9.93% rise in total income to Rs 726.57 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

Procter & Gamble Hygiene and Health Cares net profit rose 2.81% to Rs 150.62 crore on 2.33% fall in total income to Rs 664.05 crore in Q2 December 2016 over Q2 December 2015. The announcement was made after market hours yesterday, 7 February 2017.

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NBCC (India) may gain after new order win
Feb 07,2017

NBCC (India) secured total business of Rs 187.49 crore in January 2017. The company also announced signing Memorandum of Understanding with Ministry of Tourism and State Government of Jammu and Kashmir. The announcement was made after market hours on Monday, 6 February 2017.

Among results of prominent companies, Tata Steel, Bhel and Punjab National Bank announce their Q3 results today, 7 February 2017.

Rural Electrification Corporation (REC) announced that it entered into memorandums of understanding (MoUs) with Karnataka Power Corporation (KPCL) and Bangalore Electricity Supply Company (BESCOM) for extending financial assistance to the tune of Rs 39121 crore for the next five years (i.e. till March 2022). REC will provide financial assistance upto Rs 27121 crore to KPCL and upto 12000 crore to BESCOM. The announcement was made after market hours on Monday, 6 February 2017.

Titagarh Wagons said that the company has received letter of intent from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two coastal research vessels valued at about Rs 100 crore. The announcement was made after market hours on Monday, 6 February 2017.

Poly Medicure said that the board of directors of the company has recommended issue of 1:1 bonus shares. The announcement was made after market hours on Monday, 6 February 2017.

Astral Poly Techniks consolidated net profit rose 56.36% to Rs 32.68 crore on 12.08% rise in total income to Rs 451.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

Gujarat State Petronets net profit fell 4.27% to Rs 118.56 crore on 2.84% rise in total income to Rs 284.52 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Monday, 6 February 2017.

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ACC, Dr Reddys Laboratories in focus after declaring quarterly results
Feb 06,2017

Dr Reddys Laboratories consolidated net profit fell 15.95% to Rs 492.30 crore on 5.43% fall in total income to Rs 3763.50 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 4 February 2017.

ACCs consolidated net profit fell 44.98% to Rs 54.34 crore on 6.13% fall in total income to Rs 2751.57 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours on Friday, 3 February 2017.

Lupin announced that it has received final approval for its Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% from the United States Food and Drug Administration (FDA) to market a generic equivalent of Mylan Pharmaceuticals Inc.s Triamcinolone Acetonide Cream, 0.025% and 0.1%. Lupin shall commence promoting the product shortly. The announcement was made after market hours on Friday, 3 February 2017.

Lupins Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% is an AT rated generic equivalent of Mylan Pharmaceuticals, Inc.s (formerly held by Delcor Asset Corporation) Triamcinolone Acetonide Cream, 0.025% and 0.1%. Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5% is indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses.

Triamcinolone Acetonide Cream USP, 0.025%, 0.1% and 0.5%. had US sales of USD 55.7 million (IMS MAT Sep 2016).

Grasim Industries said that the directors vide a circular resolution passed on 3 February 2017, approved the proposal to increase the limits for investment in the equity share capital of the company by Registered Foreign Portfolio Investors (including FIIs) from 30% to 49% of the companys total paid-up equity share capital of the company. The announcement was made after market hours on Friday, 3 February 2017.

Divis Laboratories reported 8.74% rise in net profit to Rs 268.32 crore on 13.84% rise in total income to Rs 994.95 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 4 February 2017.

Jet Airways (India)s net profit dropped 69.52% to Rs 142.38 crore on 2.34% rise in total income to Rs 5768.47 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Friday, 3 February 2017.

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Axis Bank may gain on fund raising plans
Feb 03,2017

Axis Bank announced that the board of directors of the bank has passed a resolution approving the allotment of 3 years senior floating rate notes aggregating to $10 million under the banks MTN Programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 2 February 2017.

ACC announces Q4 results today, 3 February 2017.

Glenmark Pharmaceuticals consolidated net profit rose 143.16% to Rs 477.03 crore on 43.2% increase in total income to Rs 2549.57 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Shares of Tata Power Company and Nelco will be in focus after Tata Power Company said that the company has completed the formalities for purchase of defence business of unattended ground sensors (UGS) of Nelco. The announcement was made after market hours yesterday, 2 February 2017. Tata Power Company had on 28 January 2015 entered into a binding understanding with Nelco to purchase its defence business of UGS.

Essel Propacks consolidated net profit fell 7.62% to Rs 37.95 crore on 16.98% increase in total income to Rs 607.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

BSE will be in focus. Shares of BSE will be listed on the bourses today, 3 February 2017. The issue price of initial public offer (IPO) of BSE was set at Rs 806 per share. The IPO of BSE had received bids for 55.3 crore shares compared to 1.07 crore shares on offer, as per the NSE data. The IPO was subscribed 51.22 times. The issue opened for bidding on 23 January 2017 and closed on 25 January 2017. BSE owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, formed on 9 July 1875.

Tinplate Company of Indias net profit fell 80.64% to Rs 4.46 crore on 6.13%rise in gross total income from operations to Rs 222.44 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Stylam Industries announced that the company has proposed to sale of commercial space having covered area of 13,500 square meter facing Golf Course, IT Park, Panchkula. This has been decided by board of directors to focus on its core business of the company. The announcement was made after market hours yesterday, 2 February 2017.

Aegis Logistics consolidated net profit rose 25.53% to Rs 37.56 crore on 136% rise in net total income from operations to Rs 1248.05 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Transport Corporation of Indias net profit rose 44.7% to Rs 16.9 crore on 16.2% rise in total revenues to Rs 451.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Subros announced that it has won a major order from Indian Railways, Diesel Locomotive Works, Varanasi for which supplies are to be executed. The announcement was made after market hours yesterday, 2 February 2017.

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Tata Motors may decline after registering drop in sales in January
Feb 02,2017

Tata Motors passenger and commercial vehicle total sales fell 1% to 46,349 vehicles in January 2017 over January 2016. The companys domestic sales of Tata commercial and passenger vehicles registered flat growth at 41,428 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Tata Motors passenger vehicles, in the domestic market, recorded 21% rise in sales at 12,907 units in January 2017 over January 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa. The overall commercial vehicles sales in January 2017, in the domestic market were at 28,521 units, lower by 7% over January 2016.

The construct segment continued to grow strongly by 26.5% Y-o-Y, as road construction continues to drive demand, along with coal & iron ore mining also gaining momentum. IM&HCV Bus sales grew by 12%. The M&HCV segment is witnessing a surge in enquiry levels, after a weak Q3. The companys sales from exports was fell 13% at 4,921 units in January 2017 over January 2016.

Hero MotoCorps sales fell 13.53% to 4.87 lakh units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017. There is a positive change in the market sentiments, which is reflected in the improved offtake, and the company expects industry sales to gradually return towards normalcy.

Mahindra & Mahindra (M&M)s total tractor sales rose 6% to 15,909 units in January 2017 over January 2016. Domestic sales rose 3% to 14,776 units in January 2017 over January 2016. Exports jumped 71% to 1,133 units January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

M&Ms total sales fell 10% to 39,303 units in January 2017 over January 2016. Domestic sales declined 9% to 37,042 units in January 2017 over January 2016. Exports dropped 27% to 2,261 units January 2017 over January 2016.

Wipro announced that it has joined the Industrial Internet Consortium (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). This membership provides Wipro opportunities to engage and innovate with multi-partner testbeds and adopt best practices to drive digital transformation for customers. The announcement was made after market hours yesterday, 1 February 2017.

The Industrial Internet Consortium coordinates ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data. It uses common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.

Coal India said that production of the company and its subsidiaries was 92% of targeted production at 55.99 million tonnes in January 2017. The offtake was 92% of targeted offtake at 51.35 million tonnes in January 2017. The announcement was made before market hours today, 2 February 2017.

SML Isuzus sales rose 19.6% to 1,002 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Dishman Pharmaceuticals and Chemicals announced that the company has received the Establishment Inspection Report (EIR) from the USFDA for Bavla facility on 1 February 2017. Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on 9 July 2016. Thus, the companys facilities in Bavla, Naroda and Switzerland continue to be approved by the USFDA. The announcement was made before market hours today, 2 February 2017.

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ICICI Bank may drop after reporting weak Q3 results
Feb 01,2017

Stock and sector specific actions will be witnessed based on the announcements in Union Budget 2017-18, which will be presented by the finance minister Arun Jaitley later in the day today, 1 February 2017.

Among prominent companies, Eicher Motors announces Q3 results today, 1 February 2017.

ICICI Banks net profit dropped 19.09% to Rs 2441.82 crore on 0.04% fall in total income to Rs 17556.41 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ICICI Banks gross non-performing assets (NPAs) stood at Rs 37716.73 crore as on 31 December 2016 as against Rs 32178.60 crore as on 30 September 2016 and Rs 21149.19 crore as on 31 December 2015. The ratio of gross NPAs to gross advances stood at 7.91% as on 31 December 2016 as against 6.82% as on 30 September 2016 and 4.72% as on 31 December 2015. The ratio of net NPAs to net advances stood at 4.35% as on 31 December 2016 as against 3.57% as on 30 September 2016 and 2.28% as on 31 December 2015.

ICICI Banks CASA ratio was 49.9% at 31 December 2016 compared to 45.7% at 30 September 2016 and 45.2% at 31 December 2015. The banks net interest income fell 1.65% to Rs 5363 crore in Q3 December 2016 over Q3 December 2015.

Oil & Natural Gas Corporation (ONGCs) net profit rose 196.91% to Rs 4352.33 crore on 8.53% rise in total income to Rs 20906.46 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ONGC will be investing $66.05 million or Rs 474.15 crore towards development of North West B-173A field to enhance production from its Western offshore.

Idea Cellular announced its arrival into the digital world with the launch of 3 new exciting Mobile Apps - Idea Music Lounge, Idea Movie Club, and Idea Game Spark - giving birth to a n++Digital Idean++. The new suite of integrated Digital Apps present one of the best range of entertainment content for its nearly 200 million customers. The announcement was made after market hours yesterday, 31 January 2017.

State Bank of Bikaner and Jaipur announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 8.2%, one month MCLR was fixed at 8.3%, three month MCLR was fixed at 8.4%, six months MCLR was fixed at 8.5% and one year MCLR was fixed at 8.6%. MCLR on two-year loans will be 8.7% and for three-year loans the rate will be 8.8%. The announcement was made after market hours yesterday, 31 January 2017.

Centrum Capital announced that the board of the companys subsidiary, Centrum Retail Services Limited has approved sale of a minority stake in its wholly owned subsidiary company, CentrumDirect Limited, to NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India Private Limited, subject to obtaining all government/regulatory approvals including approval from the Competition Commission of India (CCI). The announcement was made before market hours today, 1 February 2017.

Cupids net profit rose 53% to Rs 6.42 crore on 77% rise in total operating income to Rs 28.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made before market hours today, 1 February 2017.

UCO Bank reported net loss of Rs 437.09 crore in Q3 December 2016 compared with net loss of Rs 1497.01 crore in Q3 December 2015. Total income fell 1.42% to Rs 4864.21 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

Auto stocks will start reporting sales volume data for January 2017, starting from today, 1 February 2017.

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Tech Mahindra may gain after posting strong Q3 results
Jan 31,2017

Tech Mahindras consolidated profit after tax rose 32.77% to Rs 856 crore on 5.44% growth in revenue to Rs 7557.50 crore in Q3 December 2016 over Q2 September 2016. The result was announced at the fag end of the trading session yesterday, 30 January 2017.

The companys consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016.Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Maruti Suzuki India inaugurated its 200th NEXA showroom in Hyderabad. The announcement was made after market hours yesterday, 30 January 2017. Launched in July 2015, NEXA, the premium automotive retail channel of Maruti has enabled the company to attract newer categories of customers.

Tata Power Company announced that Welspun Renewables Energy Private Limited (WREPL), a wholly-owned step down subsidiary of the company which has been recently acquired, has successfully issued and allotted guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 1200 crore on a private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Bajaj Auto, ICICI Bank, Indian Oil Corporation and ONGC will announce Q3 results today, 31 January 2017.

Thyrocare Technologies said that the board of directors of the company has decided to discontinue, with immediate effect, the existing arrangement with companys wholly-owned subsidiary, Nueclear Healthcare (NHL), by which the company was sourcing PET-CT business for them against a fee of 20% of the amount charged by them. The announcement was made after market hours yesterday, 30 January 2017.

Pfizers net profit rose 4.37% to 62.37 crore on 2.58% fall in total income to 536.75 in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

State Bank of Travancore announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 7.95%, one month MCLR was fixed at 8.15%, three month MCLR was fixed at 8.25%, six months MCLR was fixed at 8.4% and one year MCLR was fixed at 8.55%. MCLR on two-year loans will be 8.6% and for three-year loans the rate will be 8.65%. The announcement was made after market hours yesterday, 30 January 2017.

Pioneer Distilleries announced that it has re-commenced the operations of the 100 kilo liters per day (KLPD) molasses based extra neutral alcohol (MENA) plant(s) at the factory located at Balapur (V), Dharmabad (Taluka), Nanded District, Maharashtra, with effect from 30 January 2017. The announcement was made after market hours yesterday, 30 January 2017.

The company had earlier informed temporary stoppage of the manufacturing activities of the plant on account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

Dilip Buildcon announced that it has been declared as the successful bidder (L-1) by the Ministry of Road Transport & Highways, Government of India for the recalled project of rehabilitation and up-gradation of Machilipatnam to Avanigadda section of road to two lane with paved shoulder in the state of Andhra Pradesh under NHDP-IV through an engineering, procurement and construction basis. The announcement was made after market hours yesterday, 30 January 2017.

The Ministry of Road Transport & Highways, Government of India had recalled this project because L-1 bid price is higher than the departmental estimate of Rs 222.90 crore.

NRB Bearings announced that a meeting of the board of directors of the company will be held on 8 February 2017, to consider adoption of unaudited financial results for the quarter ended 31 December 2016 and further issue of listed non convertible debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Shriram City Union Finances net profit fell 9.49% to Rs 157.74 crore on 15.5% rise in total income to Rs 1156.33 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

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