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IND Renewable Energy commissions 100KW Solar Power Roof Top Project
Nov 07,2016

IND Renewable Energy announced that the Company has successfully commissioned a 100KW Solar Power Roof Top Project in terms of the tripartite agreement with Wadhwa and Associates Realtors and Waaree Energies.

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Outcome of board meeting of Tasty Bite Eatables
Nov 07,2016

Tasty Bite Eatables announced that the Board of Directors of the Company in their meeting held on 07 November 2016, inter alia, has given their approval for making application for listing its equity shares on the National Stock Exchange (NSE).

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India Finsec to consider September quarter and half year results
Nov 07,2016

India Finsec announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, to consider and approve Unaudited financial results for the quarter/ half year ended 30 September 2016.

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Board of KM Sugar Mills to consider various fund raising options
Nov 07,2016

KM Sugar Mills announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 November 2016, inter alia, to consider the following:

1. Raising of funds of Rs. 50 crore (approx) by way of issue of shares on Preferential Basis in term of the provisions of Chapter VII of SEBI (ICDR);

2. Raising of funds of Rs. 50 crore (approx) by way of issue of shares through Qualified Institutional Placement (QIP) in term of the provisions of Chapter VIII of SEBI (ICDR);

3. Issue of Non-convertible Redeemable Debentures for Rs. 4 crore pursuant to exit from CDR and subject to sanction by CDREG and Lender Banks;

4. Convening of Extra ordinary general meeting/passing of shareholders resolution through postal ballot and other incidental issues.

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Shree Cement turns volatile after Q2 results
Nov 07,2016

The result was announced during market hours today, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 202.19 points or 0.74% at 27,476.34.

On BSE, so far 2,441 shares were traded in the counter as against average daily volume of 658 shares in the past one quarter. The stock was volatile. The stock lost as much as 5.19% at the days low of Rs 15,926.70 so far during the day. The stock rose as much as 2.68% at the days high of Rs 17,250 so far during the day. The stock had hit a record high of Rs 18,519 on 3 October 2016. The stock had hit a 52-week low of Rs 9,350 on 15 January 2016. The stock had underperformed the market over the past one month till 4 November 2016, sliding 4.98% compared with 3.74% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 1.19% as against Sensexs 1.59% fall.

The large-cap company has equity capital of Rs 34.84 crore. Face value per share is Rs 10.

Shree Cement is focused on its core business of cement and power. Currently its manufacturing operations are spread over North and Eastern India across five states.

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KDDL intimates of strategic partnership with Montres Corum Sarl
Nov 07,2016

KDDL announced that the Companys subsidiary, Ethos, has entered into a strategic partnership with Montres Corum Sarl for exclusively retailing Corum watches in India. Corum will end its association with existing retailers and Corum watches will be exclusively available only at Ethos stores.

Corum has been contributing to the art of Swiss fine watch making ever since it was established in 1955 at La Chaux-de-Fonds, a Swiss town renowned for its expertise in watch making. Over the last 61 years, Corum has made a mark in the watch industry with its iconic collections namely the Admirals Cup, Bridges and Heritage, and remains a preferred choice for people who have a penchant for Swiss watches.

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Lippi Systems avails credit facilties
Nov 07,2016

Lippi Systems announced that the Company availed credit facilities from Indian Overseas Bank and Company have converted its part Indian Rupee Loan (Existing) in to Foreign Currency Term Loan (FCTL) & Working Capital Foreign Currency Loan (WCFC) for reduction in Financial Cost of the Company.

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Cat Technologies board to approves Q2 and HY results
Nov 07,2016

Cat Technologies announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve Un-Audited Financial Results of the Company for the Second Quarter and Half-Year Ended 30 September 2016.

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Board of Trilogic Digital Media to approve September quarter and half year results
Nov 07,2016

Trilogic Digital Media announced that a meeting of the Board of Directors of the Company will be held on 14 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.

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Pincon Spirit surges after announcing stellar Q2 results
Nov 07,2016

The result was announced during market hours today, 7 November 2016.

Meanwhile, the BSE Sensex was up 232.19 points, or 0.85%, to 27,506.34.

More than usual volumes were traded on the counter. On BSE, so far 1.82 lakh shares were traded in the counter, compared with average daily volume of 1.74 lakh shares in the past one quarter. The stock hit a high of Rs 78 and a low of Rs 74.50 so far during the day. The stock hit a record high of Rs 89.40 on 25 July 2016. The stock hit a 52-week low of Rs 45.95 on 9 November 2015. The stock outperformed the market over the past one month till 4 November 2016, rising 0.75% compared with the Sensexs 3.74% fall. The scrip also outperformed the market in past one quarter, declining 1.47% as against the Sensexs 1.59% decline.

The small-cap liquor maker has equity capital of Rs 44.09 crore. Face value per share is Rs 10.

Pincon Spirit is a liquor company. The company is engaged in carrying on the business of blending, bottling and wholesale distribution of Indian made foreign liquor (IMFL) and Indian made Indian liquor (IMIL). In the FMCG space, the company is engaged in the manufacture of edible oils.

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Bharat Textiles & Proofing Industries to consider September quarter results
Nov 07,2016

Bharat Textiles & Proofing Industries announced that the Board of Directors Meeting to consider and adopt the Un-Audited Financial Results for the quarter ended on September 30, 2016 will be held on 14 November 2016.

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Export of Oilmeals was down by 29% April - October 2016-SEA
Nov 07,2016

The export of oilmeals during October 2016 is reported at 67,779 tons compared to 34,168 tons, as per the data compiled by The Solvent Extractors Association of India (SEA). The overall export of oilmeals during April to October, 2016 is reported at 554,147 tons compared to 783,565 tons during the same period of last year i.e. down by 29% due to lesser availability of oilseeds for crushing and continuous disparity in exporting soybean meal in International Market.

Oilmeal import by South Korea from India during April-Oct., 2016 is reported at 378,064 tons compared to 481,827 tons; consisting 137,567 tons of rapeseed meal and 240,497 tons of castor meal. Vietnam imported 113,743 tons compared to 175,744 tons last year; consisting of 5,824 tons of rapeseed meal, 103 tons of soybean meal and 107,816 tons of Deoiled Rice Bran Extraction. Taiwan imported 16,988 tons compared to 22,340 tons last year; consisting of 7,082 tons of rapeseed meal, 827 tons of groundnut meal and 9,079 tons of castor meal. Myanmar imported 16,989 tons compared to 13,225 tons last year; consisting 3,039 tons of soybean meal , 2,845 tons of rapeseed meal, 10,906 tons of Deoiled Rice Bran Extraction and 199 tons of groundnut meal.

The export from Kandla is reported at 377,944 tons (68%), followed by Kolkata handled 122,022 tons (22%), Mumbai including JNPT handled 16,686 tons (3%), and Mundra handled 37,495 tons (7%).

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Board of Amsons Apparels to consider HY results
Nov 07,2016

Amsons Apparels announced that the meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the half year ended on 30 September 2016.

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Skipper gets revision in credit ratings
Nov 07,2016

Skipper has received upgrade/ reaffirmation of ratings as follows-

Long term bank facilities - CARE A+ (Revised from CARE A+)
Short term bank facilities - CARE A1+ (Revised from CARE A1)
Proposed commercial paper issue of Rs 50 crore - CARE A1+ (Revised from CARE A1)

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PHD Chamber urges the Government to rationalise 28% GST on white goods
Nov 07,2016

While welcoming the GST rate structure of 5%, 12%, 18% and 28% announced by the Union Finance Minister, the President, PHD Chamber of Commerce and Industry, Dr. Mahesh Gupta said 28 per cent tax on white goods is not in sync with the present tax reforms.

Dr. Mahesh Gupta said that high tax rate will have a cascading impact on the consumer goods segment and hit to consumer demand majorly in the rural segments of the economy as demand is primarily emerging for the rural sectors of the economy.

I strongly believe that the impact of GST would be a major game changer for the economy for accelerating the economic growth and generating more and more employment opportunities, said Dr. Mahesh Gupta.

The lowest tax rate of 5 percent is suggested to be levied on items of mass consumption such as spices, mustard oil etc. which are used particularly by common people is a welcome step. The standard tax rate of 12 and 18 percent would accommodate most of the goods and services including processed foods, soaps, oil, smart phones etc. is also good.

We appreciate the pre emptive measures to keep inflation under check as essential items including food, which presently constitute roughly half of the consumer inflation basket, will be taxed at zero rate, said Dr. Gupta.

Undoubtedly, the interest of common man has been duly taken care of which is evident from finalisation of 5% tax rate on common use items, as against 6% proposed earlier. Further, zero rating of necessities is also a welcome move in the beneficial interest of the common man, said Dr. Mahesh Gupta

The fourth slab of 28 percent will imply to white goods and cars while an additional cess will be collected along with the higher tax rate of 28 percent on Luxury cars, which the industry says is counterproductive to the ongoing tax reforms in the country as it will have impact on demand and make in India programme and consequently on manufacturing and employment, said Dr. Gupta.

The Chamber urges the government to look into GST rate for white goods and to reduce the same to maintain a rational rate in line with the initial aims of GST implementation. The chamber awaits the rates for gold and precious metals which will be announced today during the GST council meet today, he said.

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