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Alankit enters into agreement with NSDL e-governance Infrastructure
Jan 13,2017

Alankit has entered into an agreement with NSDL e-governance Infrastructure (NSDL e-Gov) to act as a facilitation centre (TWFC) for collecting and forwarding specified data required for CDRS, established on behalf of the National Handloom Development Corporation (NHDC), Ministry of Textiles, Govt. of India (MOT).

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Goa Carbon fixes record date for interim dividend
Jan 13,2017

Goa Carbon announced that the Company has fixed 25 January 2017 as the Record Date for the purpose of payment of interim dividend. Interim dividend shall be paid / dispatched on or before 08 February 2017.

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HCL Technologies fixes record date for 4th interim dividend
Jan 13,2017

HCL Technologies has fixed 02 February 2017 as the Record Date for the purpose of Payment of 4th Interim Dividend.

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Page Industries fixes record date for 3rd interim dividend
Jan 13,2017

Page Industries has fixed 17 February 2017 as the Record Date for the purpose of Payment of 3rd Interim Dividend.

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Grovy India to consider December quarter results
Jan 13,2017

Grovy India announced that the meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, inter alia :

- To consider and discuss; un-audited financial results for quarter ended on 31 December 2016 and if thought fit to approve the same.

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Sintex Industries to announce Q3 and 9M results
Jan 13,2017

Sintex Industries announced that a Meeting of the Board of Directors of the Company is proposed to be held on 20 January 2017, inter alia, for considering and approving the Unaudited Financial Results of the Company for the Quarter and Nine Months ended on 31 December 2016 (Q3).

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Board of Archies to consider December quarter results
Jan 13,2017

Archies announced that the meeting of the Board of Directors of the Company will be held on 11 February 2017, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Gujarat Lease Financing to consider Q3 and 9M results
Jan 13,2017

Gujarat Lease Financing announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, inter alia, to consider the unaudited financial results for the quarter and nine months ended 31 December 2016.

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Selling momentum of FPIs recedes
Jan 13,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 2.98 crore into the secondary equity markets on 12 January 2017, much lower than their net outflow of Rs 678.20 crore during the preceding trading session on 11 January 2017. The net outflow of Rs 2.98 crore on 12 January 2017 was a result of gross purchases of Rs 3314.48 crore and gross sales of Rs 3317.46 crore. On that day, the Sensex rose 106.75 points or 0.39% to settle at 27,247.16, its highest closing level since 10 November 2016.

There was a net inflow of Rs 1.35 crore into the category primary market & others on 12 January 2017, which was a result of gross purchases of Rs 1.90 crore and gross sales of Rs 0.55 crore.

FPIs have sold stocks worth a net Rs 3641.51 crore in January 2017 so far (till 12 January 2017). They had sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net outflow of Rs 167.20 crore from FPIs from the category primary market & others in January 2017 so far (till 12 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Religare Enterprises to announce Q3 results
Jan 13,2017

Religare Enterprises announced that a meeting of Board of Directors is scheduled to be held on 09 February 2017, inter alia, to consider and approve the Un-audited Standalone Financials Results of the Company for the quarter ended on 31 December 2016 (Q3).

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Board of Hindustan Copper to consider increase in working capital facilities
Jan 13,2017

Hindustan Copper announced that the Board of Directors in its meeting scheduled on 16 January 2017 will inter alia consider proposal for increase in borrowing (working capital facilities) from the consortium banks/ other banks.

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Board of Infra Industries to consider Q3 and 9M results
Jan 13,2017

Infra Industries announced that a Meeting of the Board of Directors of the Company will be held on 21 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the 9 months/third Quarter ended on 31 December 2016.

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Board of Mukand approves scheme of arrangement and amalgamation
Jan 13,2017

Mukand announced that the Board of Directors of the Company on 12 January 2017, has considered and approved, after recommendation of the Audit Committee of the Company, a scheme of arrangement and amalgamation amongst the Company, Mukand Vijayanagar Steel (MVSL) and Mukand Alloy Steels (MASPL) and their respective shareholders and creditors under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme).

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Gartner Says Worldwide IT Spending Forecast to Grow 2.7 Percent in 2017
Jan 13,2017

Worldwide IT spending is projected to total $3.5 trillion in 2017, a 2.7 percent increase from 2016, according to Gartner, Inc. However, this growth rate is down from earlier projections of 3 percent.

2017 was poised to be a rebound year in IT spending. Some major trends have converged, including cloud, blockchain, digital business and artificial intelligence. Normally, this would have pushed IT spending much higher than 2.7 percent growth, said John-David Lovelock, research vice president at Gartner. However, some of the political uncertainty in global markets has fostered a wait-and-see approach causing many enterprises to forestall IT investments.

The Gartner Worldwide IT Spending Forecast is the leading indicator of major technology trends across the hardware, software, IT services and telecom markets. For more than a decade, global IT and business executives have been using these highly anticipated quarterly reports to recognize market opportunities and challenges, and base their critical business decisions on proven methodologies rather than guesswork.

Worldwide devices spending (PCs, tablets, ultramobiles and mobile phones) is projected to remain flat in 2017 at $589 billion. A replacement cycle in the PC market and strong pricing and functionality of premium ultramobiles will help drive growth in 2018. Emerging markets will drive the replacement cycle for mobile phones as smartphones in these markets are used as a main computing device and replaced more regularly than in mature markets.

The worldwide IT services market is forecast to grow 4.2 percent in 2017. Buyer investments in digital business, intelligent automation, and services optimization and innovation continue to drive growth in the market, but buyer caution, fueled by broad economic challenges, remains a counter-balance to faster growth.

Table 1. Worldwide IT Spending Forecast (Billions of U.S. Dollars)

2016
Spending
2016
Growth (%)
2017
Spending
2017
Growth (%)
2018
Spending
2018
Growth (%)
Data Center Systems170-0.61752.61761.0Enterprise Software3335.93556.83807.0Devices588-8.95890.15890.0IT Services8993.99384.29814.7Communications Services1,384-1.01,4081.71,4261.3Overall IT3,375-0.63,4642.73,5532.6

Source: Gartner (January 2017)

The range of spending growth from the high to low is much larger in 2017 than in past years. Normally, the economic environment causes some level of division, however, in 2017 this is compounded by the increased levels of uncertainty, said Mr. Lovelock. The result of that uncertainty is a division between individuals and corporations that will spend more n++ due to opportunities arising n++ and those that will retract or pause IT spending.

For example, aggressive build-out of cloud computing platforms by companies such as Microsoft, Google and Amazon is pushing the global server forecast to reach 5.6 percent growth in 2017. This was revised up 3 percent from last quarters forecast and is sufficient growth to overcome the expected 3 percent decline in external controller-based storage and allow the data center systems segment to grow 2.6 percent in 2017.

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Import of Vegetable Oils down by 14% in November to December 2016-SEA
Jan 13,2017

Import of vegetable oils during December 2016 is reported at 1,209,685 tons compared to 1,420,902 tons in December 2015, consisting of 1,174,296 tons of edible oils and 35,389 tons of non-edible oils. This is down by 15%. The overall import of vegetable oils during first two months of current oil year 2016-17, November & December 2016 is reported at 2,385,149 tons compared to 2,758,337 tons i.e. down by 14%, as per Solvent Extractors Association (SEA) of Indias compiled data on Import data of Vegetable Oils (edible & non-edible) for the month of December 2016.

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