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Pioneer Distilleries declines after dismal Q3 results
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 85.99 points, or 0.3%, to 28,353.29.

On the BSE, 3,559 shares were traded on the counter so far as against the average daily volumes of 6,447 shares in the past one quarter. The stock had hit a high of Rs 184.50 and a low of Rs 176.20 so far during the day.

The stock had hit a 52-week high of Rs 262.50 on 10 February 2016 and a 52-week low of Rs 81.60 on 16 March 2016.

The small-cap company has equity capital of Rs 13.39 crore. Face value per share is Rs 10.

Pioneer Distilleries net sales fell 31.5% to Rs 25.37 crore in Q3 December 2016 over Q3 December 2015.

Pioneer Distilleries is engaged in manufacturing of alcohol.

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Automotive Axles rises after good Q3 earnings
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 59.91 points, or 0.21%, to 28,379.37

On BSE, so far 2,141 shares were traded in the counter, compared with an average volume of 2,095 shares in the past one quarter. The stock hit a high of Rs 684 and a low of Rs 668.05 so far during the day. The stock hit a 52-week high of Rs 799.90 on 16 September 2016. The stock hit a 52-week low of Rs 510.25 on 11 February 2016.

The small-cap company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.

Automotive Axles manufactures drive axles, non-drive axles, front steer axles, specialty & defence axles and drum & disc brakes. It provides these products to the major domestic and global manufacturers of trucks & buses.

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Gujarat Gas gains after good Q3 financial performance
Feb 07,2017

The announcement was made after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 64.73 points or 0.23% at 28,374.55

On BSE, so far 22,000 shares were traded in the counter as against average daily volume of 19,959 shares in the past one quarter. The stock hit a high of Rs 626.50 and a low of Rs 613.15 so far during the day. The stock had hit a record high of Rs 690.35 on 19 August 2016. The stock had hit a 52-week low of Rs 477 on 1 March 2016.

The mid-cap company has equity capital of Rs 137.68 crore. Face value per share is Rs 10.

Gujarat Gas is a city gas distribution company with presence spread across 19 districts in Gujarat and the Union Territory of Dadra Nagar Haveli and the Thane geographical area which includes Palghar district of Maharashtra.

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Jayant Agro Organics fixes record date for 3rd interim dividend
Feb 07,2017

Jayant Agro Organics has fixed 17 February 2017 as the Record Date for the purpose of Payment of Third Interim Dividend.

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Board of Hexaware Technologies gives in-principle approval for merging Risk Technology
Feb 07,2017

The Board of Directors of Hexaware Technologies at its meeting held on 07 February 2017 has given an in-principle approval for merger of the wholly owned subsidiary, Risk Technology International with Hexaware Technologies subject to compliance under Companies Act, 2013, SEBI regulations and other applicable laws.

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Board of Hexaware Technologies declares interim dividend
Feb 07,2017

Hexaware Technologies announced that the Board of Directors of the Company at its meeting held on 07 Febraury 2017, inter alia, has declared payment of interim dividend @ Re. 1/- per share (50%) on equity shares of Rs. 2/- each.

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Percentage of milk producers/farmers with bank accounts increase from 49.27% to 63.42% after demonetization
Feb 07,2017

Consequent upon the Central Governments decisions of demonetization, certain unintended impacts have been observed especially in the sectors thriving upon sheer cash transactions. In this regard, non-availability of funds to the co-operative banks for making payments to Milk producers/farmers by dairy co-operative against the milk supplied by them came to the notice of the Government.

Responding promptly to the prevailing situation of reported payment problems, the Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh has regularly reviewed and directed to take appropriate action to alleviate the problems. Meetings with Mother Dairy, Gujarat Cooperative Milk Marketing Fed (GCMMF) /Amul, Delhi Milk Scheme and other State Co-operative Dairy Federations are taken at regular intervals.

In order to take stock of the prevailing situation, the Secretary Animal Husbandry, Dairying and Fisheries, Shri Devendra Chaudhry has accordingly convened a series of meetings and initiated actions for streamlining the payment system to Milk producers and even sale of milk to consumers through cashless transactions primarily.

GCMMF/Amul has been specifically directed to ensure 100% milk producers accounts to be opened by 30th December, 2016. Similarly, other co-operatives have been directed to ensure the opening of 100% accounts of milk producers/farmers by 30th January, 2017.

Specific instructions have been issued to all the agencies such as National Dairy Development Board, Mother Dairy, Delhi Milk Scheme and all state Dairy co-operative federations for ensuring direct payment to milk producers bank account at the earliest. Low penetration of nationalized banks and co-operative bank accounts in rural areas need adequate financial support with appropriate safe guards. This department vides D.O. letters dated 06.12.2016 have taken up the matter with the Department of Economic Affairs and Reserve Bank of India to provide necessary funding support to the cooperative banks in rural areas with appropriate safeguard to protect the interest of milk producers and for timely payment of the milk supplied by them.

It is to be noted that there are 1.70 lakh Dairy Co-operative Societies (DCS) at village level having 1.6 crore milk producers affiliated with 218 milk unions. About 850 lakh litres per day Milk is procured totally, of which co-operative sector procures about 425 lakh litres per day and about 425 lakh litres per day is procured by private sector. The value of the milk procured by Village level DCS is to the tune of rupees 120 crore per day. For weekly and 10 days payment cycle the substantive amount is to be disbursed to lakhs of milk producers spread over varied geographical areas.

Using the window of opportunity opened by the demonetization decision, it is high time to accelerate the opening of bank accounts of all those unbanked milk producers to make it cashless and digital sooner than later. Eventually, transparency saving habits, financial enclosure etc. would be benefiting milk producer in multiple ways.

The situation of easing the payment to milk producers is being reviewed and monitored periodically by the Central Government.

As per information received from NDDB and 23 major State Co-op dairy federations, the status of cashless payment to milk producers is as below:

Participating agencies i.e

NDDB Dairy Services and 23 State Milk Federations

No of Farmers (Nos in Lakh)Details of payment done (amount Rs in Crore)Total with bank account without  bank account % farmers having bank A/cTotal through Bank accounts through Cash% cashless TransactionPre- Demonetization (1- 8th Nov 2016)31.6415.5916.0549.27 %? 215.23? 51.28? 153.7723.82 %Post-Demonetization (9th Nov 2016 to 18 Jan 2017) 88.9956.4332.5663.42 %? 1,146.60? 828.39? 318.2172.25 %

The above table shows that:-

1.      The percentage of farmers with bank accounts has increased from 49.27% to 63.42%.

2.      The cashless transaction to farmers after demonetization has increased from 23.82% to 72.25%.

3.      Due to close follow up, now only 27.75% farmers are being paid through cash, balance through bank accounts. Further that, the sale of milk has gone up by 2.81% in December 2016 as compared to December 2015 and the overall sale of milk from April- Dec 2016 has gone up to  328.91 lakh litres per day as compared to 321.43 lakh litres per day in April- Dec 2015.

It is evident from the above facts that situation regarding making cashless payment to the farmers has considerably improved over last two months and there is no negative impact of demonetization.

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Hexaware Technologies fixes record date for interim dividend
Feb 07,2017

Hexaware Technologies has fixed 03 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

The interim dividend on equity shares as declared in the Board Meeting held on 07 February 2017 shall be paid on 08 March 2017.

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India and Austria Sign a Protocol amending the India-Austria Double Taxation Avoidance Convention
Feb 07,2017

India and Austria signed a Protocol amending the existing Convention between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income here today. The Protocol was signed by Shri Sushil Chandra, Chairman CBDT on behalf of India and Mr. Georg Zehetner, Charge d Affaires, Embassy of Austria on behalf of Austria.

The Protocol will broaden the scope of the existing framework of exchange of tax related information which will help curb tax evasion and tax avoidance between the two countries and will also enable mutual assistance in collection of taxes.

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Honeywell Automation jumps after strong Q3 earnings
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 49.21 points, or 0.17%, to 28,393.99.

A jump in share price was accompanied by higher than usual volumes on the counter. On the BSE, 1,057 shares were traded on the counter so far as against the average daily volumes of 66 shares in the past one quarter. The stock had hit a high of Rs 10,518 and a low of Rs 10,025 so far during the day.

The stock had hit a record high of Rs 10,167.05 on 17 May 2016 and a 52-week low of Rs 7,750.60 on 12 February 2016.

The mid-cap company has equity capital of Rs 8.84 crore. Face value per share is Rs 10.

Honeywell Automation India is a leader in providing integrated automation and software solutions, including process solutions and building solutions.

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Maharashtra to become Open Defecation Free by March 2018
Feb 07,2017

The Chief Secretary of Maharashtra, Shri Swadhin Kshatriya has conveyed to the Centre that the State will be declared Open Defecation Free (ODF) by March 2018. He said this in a meeting with the Secretary, Ministry of Drinking Water and Sanitation, Shri Parameswaran Iyer, in Mumbai, and mentioned that Maharashtra is on track to achieve this goal.

The Secretary was further informed that the Government of Maharashtra has a strong third party verification system for ODF declarations in the State, with three levels of verification. The Chief Secretary said that Maharashtra is not only aiming for ODF achievement, but also aiming to include handwashing, menstrual hygiene, community toilets etc. as part of Swachh Bharat implementation in the State. Multiple cleanliness campaigns - such as Clean Offices, Clean GPs, Clean Schools - are also underway in the State.

The Secretary, in turn, assured the State of full support from the Ministry in their efforts. Under the Zila Swachh Bharat Prerak initiative, a Prerak will be provided at district-level in the State to support SBM(G) activities by the Ministry, in association with the Tata Trusts. The Secretary made a presentation to Chief Managing Directors of all Western Region PSUs in presence of Secretary, Department of Public Enterprises, to encourage them to contribute to the Swachh Bharat Mission. The presentation was well-received, with many PSUs mentioning initiatives currently undertaken by them, including school sanitation, toilets along highways etc. The Secretary, Department of Public Enterprises, stressed at the meeting that the PSUs must train their workers and management trainees as sanitation champions and agents of change.

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Astral Poly Technik gains after reporting good Q3 results
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 21.17 points, or 0.07%, to 28,418.11.

On the BSE, 8,878 shares were traded on the counter so far as against the average daily volumes of 10,955 shares in the past one quarter. The stock had hit a high of Rs 445.40 and a low of Rs 432.30 so far during the day.

The stock had hit a 52-week high of Rs 526.35 on 27 July 2016 and a 52-week low of Rs 334.05 on 29 February 2016.

The mid-cap company has equity capital of Rs 11.98 crore. Face value per share is Rs 1.

Astral Poly Techniks consolidated earnings before interest, tax, depreciation and amortization (EBITDA) increased by 57.32% to Rs 63.40 crore in Q3 December 2016 over Q3 December 2015.

Astral Poly Technik is engaged in the production of plastic products. The company and its subsidiaries are engaged in the business of manufacturing and trading of pipes, fittings and adhesive solutions.

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Caplin Point Laboratories scales record high after good Q3 outcome
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 21.85 points or 0.08% at 28,420.27

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 16,608 shares in the past one quarter. The stock hit a high of Rs 459.70 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 445.30 so far during the day. The stock hit a 52-week low of Rs 167.05 on 12 February 2016.

The mid-cap company has equity capital of Rs 15.11 crore. Face value per share is Rs 2.

Caplin Point Laboratories is a pharmaceutical company, catering predominantly to emerging markets of Latin America and Africa.

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50 lacs Universal Account Number (UAN) allotted to Construction Workers
Feb 07,2017

The Building and Other Construction Workers Welfare Cess Act, 1996, provides levy and collection of cess at such rate not exceeding two per cent but not less than one per cent of the cost of construction as the Central Government may notify. The cess has been levied and being collected at the rate of 1% of the cost of construction as notified by the Central Government in the Official Gazette.

The cumulative total of the amount of cess collected by the States/ UTs upto 20.12.2016, at the rate of 1% of the cost of construction is Rs. 31694 crore of which Rs. 6866 crore has been spent.

Universal Account Number (UAN) allotted to construction workers is over 50 lakhs as on 17.01.2017.

The Government has enacted the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 and the Building and other Construction Workers Welfare Cess Act, 1996 to regulate the employment and conditions of service of building and other construction workers and to provide for their safety, health and welfare measures.

The State Building and Other Construction Workers Welfare Boards of the respective states have formulated welfare schemes to provide benefits to building and other construction workers as mandated under Section 22 of the Act. Section 22 of the Act stipulates following benefits:

(a) provide immediate assistance to a beneficiary in case of accident;

(b) make payment of pension to the beneficiaries who have completed the age of sixty years;

(c) sanction loans and advances to a beneficiary for construction of a house not exceeding such amount and on such terms and conditions as may be prescribed;

(d) pay such amount in connection with premia for Group Insurance Scheme of the beneficiaries as it may deem fit;

(e) give such financial assistance for the education of children of the beneficiaries as may be prescribed;

(f) meet such medical expenses for treatment of major ailments of a beneficiary or, such dependent, as may be prescribed;

(g) make payment of maternity benefit to the female beneficiaries; and

(h) make provisions and improvement of such other welfare measures and facilities as may be prescribed.

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Poly Medicure surges after good Q3 result, liberal bonus issue
Feb 07,2017

The announcement was made after market hours on Monday, 6 February 2017.

Meanwhile, the S&P BSE Sensex was down 34.59 points, or 0.12% to 28,404.69

On the BSE, 5,408 shares were traded on the counter so far as against the average daily volumes of 1,720 shares in the past one quarter. The stock had hit a high of Rs 515 and a low of Rs 498 so far during the day. The stock hit a 52-week high of Rs 538 on 3 February 2017. The stock hit a 52-week low of Rs 238 on 12 February 2016.

The small-cap company has equity capital of Rs 22.06 crore. Face value per share is Rs 5.

Poly Medicures net profit jumped 42.69% to Rs 15.04 crore on 23.62% increase in net sales to Rs 111.99 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Monday, 6 February 2017.

Poly Medicure operates within the surgical and medical instruments sector.

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