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Larsen & Toubro Infotech allots 466,769 equity shares
Jul 24,2017

Larsen & Toubro Infotech has allotted 466,769 equity shares of face value of Re. 1/- each to the persons who had exercised their vested stock options under the Companys Employee Stock Option Schemes, on 24 July 2017.

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Hong Kong Stocks hits two-year high
Jul 24,2017

The Hong Kong stock market finished session at a two-year high on Monday, 24 July 2017, with traders brushing off a weak lead from Wall Street as they look ahead to the release of big-name US earnings this week. The Hang Seng Index rose 0.53%, or 140.74 points, to end at 26,846.83, the highest level since June 2015. The Hang Seng China Enterprises Index, also known as the H-share index, gained 0.3%, or 33.82 points, to 10,820.95. Turnover decreased to HK$79 billion from HK$85 billion on Friday.

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Australia Market falls on weak commodity prices, sell-off in bank
Jul 24,2017

Australian equity market finished session lower on Monday, 24 July 2017, due to weak commodity prices and a sell-off in bank stocks. At the close of trade, the S&P/ASX 200 index was down 34.74 points, or 0.6 per cent, to 5,688.10. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 612 to 454 and 372 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 6.41% to 13.284.

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GVK Power & Infra gallops on fund buying
Jul 24,2017

Meanwhile, the S&P BSE Sensex was up 223.58 points or 0.7% at 32,252.47. The S&P BSE Small-Cap index rose 43.22 points or 0.27% at 16,035.85.

On the BSE, 1.41 crore shares were traded on the counter so far as against the average daily volumes of 18.96 lakh shares in the past one quarter. The stock hit a high of Rs 11.98 in intraday trade so far, which is a 52-week high for the counter. The stock had hit a low of Rs 10.80 so far during the day. The stock had hit a 52-week low of Rs 5.05 on 25 May 2017.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.

Portfolio management firm Equity Intelligence India in its portfolio management scheme bought 1.88 crore shares of GVK Power & Infrastructure at Rs 9.61 per share in a bulk deal on NSE on Friday, 21 July 2017.

GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017, higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.

GVK Power & Infrastructure is a leading conglomerate with presence across energy, airports, transportation, hospitality and life sciences.

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Cap on consecutive terms for Trustees
Jul 24,2017

The Government vide notification dated 24.01.2017 has amended paragraph 5(4) of the Employees Provident Funds (EPF) Scheme, 1952 providing that an outgoing non-official Trustee or Member shall be eligible for re-appointment as a member of the Central Board of Trustees (CBT), Employees Provident Fund (EPF) or the Regional Committee, as the case may be, for a maximum of not more than two terms. Representations have been received from some of the Central Trade Unions opposing this decision. At present, there is no proposal to review the same.

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Various Measures taken to check irregularities in MGNREGA
Jul 24,2017

The Government said that the launching of National Electronic Fund Management System (NeFMS) in 21 States and one UT for direct transfer of wages into workers account, eFMS, Direct Benefit Transfer, Aadhaar based payment System are among the several measures being taken to tackle issues like misappropriation of funds, corruption and other irregularities under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) from time to time. The Minister of State for Rural Development Shri Ram Kripal Yadav said that since the responsibility of implementation of MGNREGA is rested with the State Governments, all complaints received in the Ministry are forwarded to the concerned state Governments for taking appropriate action including investigation, as per law.

The Minister said that adequate measures for assuring transparency and accountability have been built in the MGNREG Scheme. There are provisions of Social Audit, Grievance Redressal Mechanism, State Quality Monitor(SQM), National Level Monitors (NLM). Moreover, information pertaining to all transactions are in public domain (www.nrega.nic.in) and the payments to the workers are made through Bank/Post Office account. The e-Muster system has been introduced to avoid bogus attendance and to check instances of tampering and misuse of muster rolls.

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High Street Filatex announces board meeting date
Jul 24,2017

High Street Filatex will hold a meeting of the Board of Directors of the Company on 1 August 2017, to consider and approve the Unaudited Financial Results of the Company for the quarter ended on 30th June 2017

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Westlife Development to conduct board meeting
Jul 24,2017

Westlife Development will hold a meeting of the Board of Directors of the Company on 1 August 2017.

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Dhoot Industrial Finance to announce Quarterly Result
Jul 24,2017

Dhoot Industrial Finance will hold a meeting of the Board of Directors of the Company on 1 August 2017, for considering and approving inter alia, the Un-Audited Financial Results of the Company for the quarter ended 30th June 2017.

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Hindustan Zinc AGM scheduled
Jul 24,2017

Hindustan Zinc announced that the 51st Annual General Meeting (AGM) of the company will be held on 18 August 2017.

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LT Foods schedules board meeting
Jul 24,2017

LT Foods will hold a meeting of the Board of Directors of the Company on 10 August 2017, to approve the Unaudited Financial Results of the Company for the quarter ended 30th June 2017.

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Syndicate Bank declares Quarterly Result
Jul 24,2017

Syndicate Bank will hold a meeting of the Board of Directors of the Company on 5 August 2017, for considering and approving the unaudited Financial Results of the Bank for the First Quarter (of the Current Financial Year 2017-2018) ended 30th June 2017.

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Shyam Telecom declares Quarterly Result
Jul 24,2017

Shyam Telecom will hold a meeting of the Board of Directors of the Company on 4 August 2017, to consider, approve and take on records the unaudited financial results of the Company for the quarter ended 30th June 2017.

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ADC India Communications to conduct board meeting
Jul 24,2017

ADC India Communications will hold a meeting of the Board of Directors of the Company on 4 August 2017, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30 June 2017.

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Oseaspre Consultants to convene board meeting
Jul 24,2017

Oseaspre Consultants will hold a meeting of the Board of Directors of the Company on 31 July 2017, to inter alia consider and approve the Unaudited Financial Results of the Company for the first quarter ended 30th June 2017.

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