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Indiabulls Real Estate intimates of sale of its treasury shares
Jul 28,2017

Indiabulls Real Estate announced that IBREL IBL Scheme Trust, of which Indiabulls Real Estate (the Company) is the sole beneficiary, has sold its holding of 95,00,000 shares of the Company, on 27 July 2017 at the stock exchanges, and has realized approx. Rs 220.4 crores at an average price of about Rs 232 per share.

This sale is made by the Company of its treasury shares and no share sale is done by the Founder of the Company.

The sale proceeds of Rs 220.4 crore will come in the Company and would be used for meeting Companys funding requirements for its ongoing businesses and general corporate purposes or any other purposes as may be approved by its Board.

With this sale, the treasury holding of Indiabulls Real Estate shares by IBREL IBL Scheme Trust is zero.

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Dredging Corporation of India bags Rs 102 cr contract from Mongla Port Authority, Bangladesh
Jul 28,2017

Dredging Corporation of India signed an agreement with Mongla Port Authority, Bangladesh for dredging in Pussur Channel, Bangladesh. The project involves dredging of around 3.88 million cum to be completed within 15 months at a cost of Rs 102 crore. DCI plans to commence the work by September 2017.

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Idea Cellular skids after reverse turnaround in Q1
Jul 28,2017

The result was announced after market hours yesterday, 27 July 2017.

Meanwhile, the S&P Sensex was down 155.54 points or 0.48% at 32,227.76.

On the BSE, 10.11 lakh shares were traded on the counter so far as against the average daily volumes of 16.76 lakh shares in the past one quarter. The stock had hit a high of Rs 92.45 and a low of Rs 87.30 so far during the day.

The stock had hit a 52-week high of Rs 123.75 on 20 March 2017 and a 52-week low of Rs 66 on 9 November 2016.

The stock has dropped 6.08% in three sessions to its current price from a close of Rs 97.80 on 25 July 2017.

The stock had outperformed the market over the past one month till 27 July 2017, gaining 14.17% compared with 4.6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.55% as against Sensexs 7.84% rise. The scrip had, however, underperformed the market in past one year, falling 12.88% as against Sensexs 15.55% rise.

The large-cap company has equity capital of Rs 3606.41 crore. Face value per share is Rs 10.

Idea Cellulars total income fell 14.34% to Rs 8181.70 crore in Q1 June 2017 over Q1 June 2016. EBITDA (earnings before interest, taxes, depreciation and amortization) margin fell to 25.6% in Q1 June 2017 from 29.1% in Q1 June 2016.

The financial stress in the mobile sector remains at its peak, post the introduction of aggressive unlimited bundled plans by new entrant forcing other operators to follow. Resultantly, all Telecom Service Providers are reporting steep decline in revenues, profitability and cash flows and all but one Indian wireless operator quarterly results are likely to show significant financial losses, company added.

Idea Cellular is one of the leading telecom operators in India.

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Panacea Biotec enters in joint collaboration with Bionpharma Inc.
Jul 28,2017

Panacea Biotec has entered into joint collaboration for development, license, manufacturing, supply and sales of 7 complex generic pharmaceutical products with Bionpharma Inc., a generic pharmaceutical company based in the United States.

Under the collaboration, Panacea Biotec will be responsible for the development, filing, registration, manufacturing and supply of these ANDAs.

Bionpharma Inc. will be responsible for importation, warehousing, sales and distribution of these ANDAs in the United States and its territories

Both companies intend to expand the scope of their alliance by adding new products to the collaboration from time to time.

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JK Agri Genetics (New) to announce Quarterly Result
Jul 28,2017

JK Agri Genetics (New) will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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Arco Leasing to announce Quarterly Result
Jul 28,2017

Arco Leasing will hold a meeting of the Board of Directors of the Company on 27 July 2017.

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Godrej Consumer Products drops on profit booking
Jul 28,2017

Meanwhile, the S&P BSE Sensex was down 129.37 points, or 0.4% at 32,253.93. The S&P BSE Mid-Cap index was up 59.23 points, or 0.39% at 15,314.89.

On the BSE, 7,127 shares were traded on the counter so far as against the average daily volumes of 68,820 shares in the past one quarter. The stock had hit a high of Rs 1,074 and a low of Rs 1,048 so far during the day. The stock had hit a record high of Rs 1,083.65 on 27 July 2017 and a 52-week low of Rs 642.78 on 15 November 2016.

The stock had outperformed the market over the past one month till 27 July 2017, advancing 11.33% compared with the Sensexs 4.6% rise. The scrip had also outperformed the market over the past one quarter advancing 23.3% as against the Sensexs 7.84% rise. The scrip had also outperformed the market over the past one year advancing 33.18% as against the Sensexs 15.55% rise.

The mid-cap company has equity capital of Rs 68.12 crore. Face value per share is Rs 1.

Shares of Godrej Consumer Products had rallied 12.37% in the preceding five trading sessions to settle at Rs 1,074.60 yesterday, 27 July 2017, from a close of Rs 956.30 on 20 July 2017.

Godrej Consumer Products consolidated net profit spurted 212.3% to Rs 389.91 crore on 11.8% increase in net sales to Rs 2380.49 crore in Q4 March 2017 over Q4 March 2016.

Godrej Consumer Products is engaged in the manufacture of personal and household care products.

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ISA to bring out a global tender for 5 lakh solar pumps before December: Upendra Tripathy, Director General, ISA
Jul 28,2017

International Solar Alliance (ISA) plans to come out with a global tender for price discovery of 5 Lakhs solar pumps beore December and presumed prices will come down of the solar pumps, said Mr Upendra Tripathy, Director General, International Solar Alliance at an ASSOCHAM event.

The current price of solar pumps is about 10,000 US dollar globally average. On the bio mass segment in the country, Mr. Tripathy said, all the benefits giving it to solar, must be given it to the bio mass in country like tax exemption, tax concession credit etc., said Mr. Tripathy, Director General, International Solar Alliance.

n++International Solar Alliance (ISA) to bring out a tender for 5 lakh solar pumps for farmers across the world. He said that ISA proposing to set up a $300 biliion fund for initiatives in solar energy sectorn++.

Mr. Tripathy also said, n++By 2030 ISA aim to bring $1,000 billion investment into solar energy sectorn++. ISA is set to give a big push to solar water pumps and India is expected to play a leadership role.

n++ISA is also trying to persuade all multilateral banks to ensure 15% of this credit portfolio goes to the installation of solar energyn++.

Mr S.C. Tripathi, Former Secretary, Ministry of Petroleum & Natural Gas and Chief Petron, IASRD, India needs to develop competitive PV module manufacturing capabilities.

We need several small 50 MW solar plants rather than a large 500 MW plants, Mr Deepak Gupta, Former Secretary, MNRE. By 2035 solar energy will be cheaper than any other form of energy.

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FCS Software Solutions to declare Quarterly Result
Jul 28,2017

FCS Software Solutions will hold a meeting of the Board of Directors of the Company on 2 August 2017.

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Summit Securities (New) to announce Quarterly Result
Jul 28,2017

Summit Securities (New) will hold a meeting of the Board of Directors of the Company on 7 August 2017.

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Edelweiss Financial Services to table results
Jul 28,2017

Edelweiss Financial Services will hold a meeting of the Board of Directors of the Company on 2 August 2017.

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Asian Granito India to convene board meeting
Jul 28,2017

Asian Granito India will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Legacy Mercantile to hold board meeting
Jul 28,2017

Legacy Mercantile will hold a meeting of the Board of Directors of the Company on 31 July 2017 to consider the agenda as per intimation attached.

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Sun Pharma Advanced Research Company to declare Quarterly Result
Jul 28,2017

Sun Pharma Advanced Research Company will hold a meeting of the Board of Directors of the Company on 5 August 2017.

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RTCL to convene board meeting
Jul 28,2017

RTCL will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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