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McNally Bharat Engineering Company to hold EGM
Feb 21,2017

McNally Bharat Engineering Company announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 16 March 2017.

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CHD Developers to hold board meeting
Feb 21,2017

CHD Developers will hold a meeting of the Board of Directors of the Company on 22 February 2017, to discuss and consider the proposal for the issuance of Non-Convertible Debentures through private placement .

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CMI to hold board meeting
Feb 21,2017

CMI will hold a meeting of the Board of Directors of the Company on 22 February 2017, to consider and approve Scheme of amalgamation between CMI Energy India Private Limited (Transferor Company) and CMI Limited (Transferee Company) as per the Section 233 of Companies act, 2013.

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K D Trend Wear to hold board meeting
Feb 21,2017

K D Trend Wear will hold a meeting of the Board of Directors of the Company on 22 February 2017, to Delist the Equity Shares of the Company from Institutional Trading Platform of BSE Limited in terms of the provisions of Chapter XC of SEBI ICDR Regulations, 2009 as amended upto date.

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Power Grid Corporation of India announces appointment of directors
Feb 21,2017

Power Grid Corporation of India announced that Ministry of Power has vide Order dt. 16 February 2017 conveyed the appointment of Tse Ten Dorji and Jyotika Kalra as part-time non-official Directors on the Board of POWERGRID for a period of three years from the date of notification of their appointment, or until further orders, whichever is earlier.

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State Bank of Travancore intimates of bank strike
Feb 21,2017

State Bank of Travancore announced that the United Forum of Bank Unions (UFBU) has called for an All India Bank Strike on 28 February 2017 raising various issues. In the event of the strike taking place, the normal Banking operations in our Bank may get affected on 28 February 2017.

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Tech Mahindra allots 255484 equity shares
Feb 21,2017

Tech Mahindra announced that the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on 20 February 2017 for issue and allotment of a total of 255484 equity shares of Rs. 5/- each under various ESOPs.

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Info Edge (India) fixes record date for 2nd interim dividend
Feb 21,2017

Info Edge (India) has fixed 06 March 2017 as the Record Date for the purpose of payment of 2nd Interim Dividend.

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Ambuja Cements drops in early trade
Feb 21,2017

Meanwhile, the S&P BSE Sensex was up 14.56 points or 0.05% at 28,676.14.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 1.12 lakh shares in the past one quarter. The stock had hit a high of Rs 238.50 and a low of Rs 232.25 so far during the day.

The stock had hit a 52-week high of Rs 282 on 31 August 2016 and a 52-week low of Rs 185 on 29 February 2016. The stock had outperformed the market over the past one month till 20 February 2017, surging 10.07% compared with the Sensexs 6.02% rise. The scrip had also outperformed the market over the past one quarter, gaining 20.33% as against the Sensexs 9.6% rise.

The large-cap company has equity capital of Rs 397.13 crore. Face value per share is Rs 2.

Ambuja Cements consolidated net profit surged 85.24% to Rs 205.70 crore on 102.41% growth in total income to Rs 4993.30 crore in Q4 December 2016 over Q4 December 2015.

The companys consolidated net profit rose 38.77% to Rs 1121.13 crore on 112.12% growth in total income to Rs 20861.97 crore in the year ended December 2016 over the year ended December 2015.

In its outlook, the company said that it expects good cement growth in 2017, supported by the governments continued focus on housing and infrastructure development and anticipate volume effects from demonetisation to be reduced by the end of Q1 March 2017. The announcement of interest subsidy schemes and an interest rate cut, the recent announcement in the Union Budget for infrastructure development, including the award of infrastructure status to affordable housing and the increased budget allocation for roads, railways and irrigation will be key drivers for cement demand, it added.

Ambuja Cements is engaged in manufacturing and marketing cement and clinker for both domestic and exports. The company sells cement under the Ambuja Cement brand.

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Vishal Fabrics fixes record date for rights issue
Feb 21,2017

Vishal Fabrics has fixed 03 March 2017 as the Record Date for the purpose of Rights Issue.

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Firstobject Technologies receives order from Andhra Pradesh Residential Educational Institutions Society
Feb 21,2017

Firstobject Technologies received an order from Andhra Pradesh Residential Educational Institutions Society (APREIS) to implement A.P. State Board content in its 50 Institutions. Firstobject has to implement A. P. State Board English Medium digital content for classes V -X in its Institutions.

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RBL Bank announces appointment of Executive Director
Feb 21,2017

RBL Bank announced that the Bank has received the approval from Reserve Bank of India (RBI) for appointment of Rajeev Ahuja, Head - Strategy, Retail, Transaction Banking and Financial Inclusion as Executive Director (ED) of the Bank for a period of three years from the date of his taking charge as ED.

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NDMA to conduct mock exercises on earthquake preparedness in Uttarakhand
Feb 21,2017

The National Disaster Management Authority (NDMA) will conduct two mock exercises on earthquake preparedness in this week covering all districts of Uttarakhand. The exercises, to be conducted in collaboration with the State Government, will assess the readiness of various stakeholder departments in the event of a high-intensity earthquake.

The first exercise will be held today (21 February) and cover Dehradun, Tehri Garhwal, Haridwar, Uttarkashi, Chamoli, Pauri Garhwal and Rudraprayag districts. In this connection, a coordination conference and a table-top exercise were held today through video-conferencing. Senior officials from all stakeholder departments such as NDRF, Health, Police, Education, Firefighting, Civil Defense, Public Relations, Transport, etc. attended these preparatory meetings.

Yet another round of a coordination conference and a table-top exercise will be held on Wednesday. This will be followed by the second mock exercise on Thursday covering Pithoragarh, Bageshwar, Champawat, Almora, Nainital and Udham Singh Nagar districts.

These exercises will deal with simulated scenarios of earthquakes wherein the participants will be trained on key aspects of Disaster Management such as the formation of Incident Response Teams and Emergency Operation Centres (EOC), coordination among various participating agencies, evacuation and medical preparedness.

Aimed at enhancing the preparedness and response mechanism of key stakeholders, these exercises will also help to highlight areas that need improvements. NDMA expert Major General V.K. Datta (Retd.), who will lead the exercises, said, Mock exercises help in filling gaps and ensuring better communication thus improving coordination among various agencies in real-life situations. He further emphasised on the need for regularly conducting such exercises in Uttarakhand as the entire hill State falls either in the Seismic Zone V or IV and has experienced many high-intensity earthquakes in the past.

After the drills, post-exercise analyses will also be carried out to discuss the shortcomings, challenges and ways to improve them.

NDMA regularly conducts such mock exercises across the country in its efforts to improve preparedness and response mechanisms for various disasters. NDMA has conducted more than 500 mock exercises in different States and Union Territories. Next month, it will conduct a mock exercise on flood and tsunami preparedness in Puducherry.

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Datamatics Global Services provides update on Datamatics Global Services FZ-LLC
Feb 21,2017

Datamatics Global Services announced that Datamatics Global Services FZ-LLC, wholly owned subsidiary Company has incorporated a new entity namely, Datamatics Global Services Corp. in Philippines.

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Ambuja Cements in spotlight after Q4 earnings
Feb 21,2017

Ambuja Cements consolidated net profit surged 85.24% to Rs 205.70 crore on 102.41% growth in total income to Rs 4993.30 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours yesterday, 20 February 2017.

TCS announced at the fag end of the trading session yesterday, 20 February 2017, that the board of directors of the company at a meeting held on 20 February 2017, approved a proposal to buyback up to 5.61 crore shares of the company for an aggregate amount not exceeding Rs 16000 crore, being 2.85% of the total paid up equity share capital, at Rs 2,850 per share. The buyback price was at a premium of 13.7% over yesterdays closing price.

The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism.

Meanwhile, TCS after market hours yesterday, 20 February 2017 announced that Rajesh Gopinathan would be taking over as Chief Executive Officer and Managing Director from N. Chandrasekaran, with effect from 21 February 2017. The term of his appointment is for a period of 5 years. N. Ganapathy Subramaniam would assume the office of Chief Operating Officer and Executive Director, with effect from 21 February 2017. The term of his appointment is for a period of 5 years. Subramaniam is the brother of N. Chandrasekaran. The board of directors appointed V. Ramakrishnan as the Chief Financial Officer (CFO) of the company with effect from 21 February 2017.

N. Chandrasekaran has been appointed as the Chairman of Tata Sons, the promoter firm of many of the operating Tata group firms.

Siemens and Siemens Rail Automation Ltd. S.A.U Spain have jointly won an order worth Rs 287 crore, out of which Siemens share is Rs 146 crore (all inclusive). Siemens is to supply state-of-the-art signaling technology for the first two metro lines of the Nagpur Metro i.e. the North-South and the East-West corridors. The announcement was made after market hours yesterday, 20 February 2017.

The project comprises the deployment and installation of the Siemens communications-based train control (CBTC) solution Trainguard MT for 38.2 kilometers of double track with 36 stations and two depots, as well as onboard equipment for 23 three-cars trains.

Karnataka Bank announced that it has entered into a memorandum of understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by Daimler. The announcement was made after market hours yesterday, 20 February 2017.

Ashoka Buildcon announced that with reference to its wholly owned subsidiary viz. Viva Highways (VHL), implementing the Indore-Sanawad-Khandwa-Burhanpur -Edlabad Road Project SH-27 in Madhya Pradesh on build-operate and transfer (BOT basis) with toll rights, Madhya Pradesh Road Development Corporation, Bhopal (authority) has taken over the project on 18 February 2017 at midnight, after the expiry of the concession period as per the terms of the concession agreement. VHL will continue to pursue its claims on the project with the authority. The announcement was made after market hours yesterday, 20 February 2017.

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