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Zydus Cadila launches Mesalamine Delayed Release Tablets
Jul 19,2017

Zydus Cadila has commercially launched its Mesalamine Delayed Release Tablets USP, 1.2 mg in the US market. Zydus was the first to file an Abbreviated New Drug Application for a generic version of Lialda and is currently the only generic available to patients in the US. The drug is indicated for the treatment of mild to moderate ulcerative colitis.

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Hindustan Unilever may gain on decent Q1 results
Jul 19,2017

Hindustan Unilevers net profit rose 9.28% to Rs 1283 crore on 4.76% growth in total income to Rs 9335 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 18 July 2017.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 14%. Profit after tax before exceptional items, PAT (bei), rose 15% to Rs 1292 crore. Under volatile market conditions, the companys domestic consumer business grew at 6% and underlying volume growth remained flat. During the quarter, trade sentiment remained cautious, particularly in the run up to GST implementation. Despite high promotional intensity, stock pipelines remained low and varied across categories, channels and geographies. In these challenging circumstances the company managed to deliver yet another quarter of resilient and profitable growth.

Harish Manwani, Chairman commented that both growth and margin improvement were delivered through a combination of sustained innovations, a comprehensive savings program and a relentless focus on execution in the market place. The company remains positive on the medium term outlook for the industry and will continue to drive consumer value, which also delivers profitable volume driven growth for the company.

Power Grid Corporation of India said that POWERGRID Kala Amb Transmission, wholly owned subsidiary of the company secured though Tariff Based Competitive Bidding (TBCB), has declared commissioning of its project on 12 July 2017. The announcement was made after market hours yesterday, 18 July 2017.

Ashok Leyland has formed a strategic alliance with SUN Mobility to develop electric mobility solutions. The announcement was made after market hours yesterday, 18 July 2017.

CRISILs consolidated net profit rose 9.33% to Rs 67.25 crore on 7.26% growth in total income to Rs 415.79 crore in Q2 June 2017 over Q2 June 2016. Theresult was announced after market hours yesterday, 18 July 2017.

MOIL said that in terms of Cabinet Committee of Economic Affairs (CCEA) decision dated 16 January 2015, it has been decided by Government of India to offer upto 6.65 lakh equity shares of face value of Rs 10 each of MOIL to the eligible employees of MOIL at a discounted price of Rs. 346.75 (this price is at 5% discount to the cut off price of Rs 365 discovered in the offer for sale of shares of MOIL carried out by Government of India on 24 & 25 January 2017). The minimum and maximum number of equity shares which can be applied for by eligible employees is 10 and 576 equity shares, respectively. The announcement was made after market hours yesterday, 18 July 2017.

KDDL announced that the companys subsidiary - Ethos has launched a new store (EMSW) with effect from 25 June 2017 at Navi Mumbai, Mumbai. The total number of stores as on date is 36 only. The announcement was made after market hours yesterday, 18 July 2017.

Bhansali Engineering Polymers announced that a production capacity expansion programme is proposed to be undertaken by the company at its ABU Road Plant at Sirohi, Rajasthan to enhance its ABS production capacity from the existing 80 kilotons per annum (KTPA) to 137 KTPA by 31 December, 2018 with the estimated capex of Rs 300 crore to be funded through internal accruals only. The announcement was made after market hours yesterday, 18 July 2017.

Glenmark Pharmaceuticals, announced that it has entered into a development, license, manufacture and commercial supply agreement with Cyndea Pharma S.L., granting exclusive rights to use their technology for developing generic, soft-gelatin capsule formulations of certain pharmaceutical products.

Under this agreement, Glenmark receives exclusive rights to the United States and Canada markets for these soft-gelatin formulations in exchange for sharing development costs and profits from future sales. In addition, the agreement provides for the companies to add furthersoft-gelatin product candidates for development and commercialization, as new branded, softgelatin, capsule-based drug products become available in the marketplace. The announcement was made before market hours today, 19 July 2017.

Can Fin Homes announced that at the meeting of the board of directors of the company scheduled to be held on 21 July 2017 a proposal is being placed for approval and authorisations for raising secured non-convertible debentures to the extent of Rs 6000 crore on private placement basis. The announcement was made after market hours yesterday, 18 July 2017.

Majesco said that Majesco, USA, (Majesco) the insurance arm and a subsidiary of Majesco announced about the selection of the Majesco CloudInsurer platform by a leading provider of financial protection benefits globally, to transform their collections operation across multiple geographies. In the first phase, they will implement Majesco CloudInsurer to modernize their collection operations in one country to be followed by other Latin America countries and additional territories in the Middle East and Asia. The announcement was made after market hours yesterday, 18 July 2017.

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Outcome of board meeting of Winsome Breweries
Jul 18,2017

The Board of Winsome Breweries at its meeting held on 18 July 2017 has taken note of resignation of Sushil Kumar Jain, Independent Director of the company w.e.f. 13 July 2017, from the Directorship of the company . The Board also took note of the resignation of Rahul Kumar Jain, Company Secretary of the company w.e.f. 19 July 2017 and appointed Komal Kapoor as the Company Secretary and Compliance Officer of the Company w.e.f. 19 July 2017

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Board of TV18 Broadcast appoints directors
Jul 18,2017

The Board of TV18 Broadcast at its meeting held on 18 July 2017 has appointed PMS Prasad as Non Executive Director and K R Raja as Non Executive Director of the Company.

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MCX and Thomas Reuters to launch co-branded commodity indices in India
Jul 18,2017

Multi Commodity Exchange of India has joined hands with Thomas Reuters to launch co-branded commodity indices in India.

As part of the agreement, MCX and Thomas Reuters will work together to create, govern, maintain and market a series of new commodity indices by tracking the performance of commodity derivatives listed on MCX. The indices will be created and maintained by Thomas Reuters in accordance to the principles of best practices laid down by the International Organisation of Securities Commissions for financial benchmarks.

Subject to approval by SEBI, MCX would subsequently launch derivatives contracts on the MCX-Thomas Reuters commodity indices.

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Dwekam Industries announces change in directorate
Jul 18,2017

Dwekam Industries announced that Alpesh Jadav has been resigned from the post of Director and Devin J. Gohil has been appointed as additional Director w.e.f. 17 July 2017.

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Atlanta Devcon director resigns
Jul 18,2017

Atlanta Devcon announced the resignation of Pranav Sampat from Directorship of the company with effect from 10 June 2017.

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Shrenuj & Company closes its SEEPZ Unit
Jul 18,2017

Shrenuj & Company announced the closure of its SEEPZ Unit with effect from 17 July 2017 after the working hours and all employees therein have been terminated.

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DCB Bank revises MCLR rates
Jul 18,2017

DCB Bank announced downward revision to its MCLR across tenors with effect from 18 July 2017 as under -

Overnight - 8.35%
One month - 8.45%
Three month - 8.50%
Six month - 8.95%

Interest rates on all rupee loans sanctioned and credit limits renewed with effect from 18 July 2018 will be priced with reference to above MCLR benchmarks.

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Jyoti announces resignation of CFO
Jul 18,2017

Jyoti announced that Jayesh Verma has resigned from the post of CFO with effect from 30 June 2017.

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Vardhman Polytex appoints compliance officer
Jul 18,2017

Vardhman Polytex has appointed Ashok Goyal as Compliance Officer with effect from 18 July 2017.

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Real Growth Commercial Enterprises appoints director
Jul 18,2017

Real Growth Commercial Enterprises announced the appointment of Deepak Gupta DIN - 01890274 as an Additional Director of the Company w.e.f 11 July 2017.

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So far 455 markets from 13 States have been integrated to e-NAM
Jul 18,2017

585 markets across the country are targeted for integration to e-NAM by March, 2018, out of which 455 markets from 13 States have been integrated so far. The details are given below. For this purpose, financial assistance of Rs. 30 lakh per market is given. This has been increased to Rs.75 lakhs per mandi in Union Budget for 2017-18. In addition the software and a mandi analyst for a year is also provided to each mandi.

1. Andhra Pradesh: 22 (Total number of markets integrated)

2. Chhattisgarh: 14

3. Gujarat: 40

4. Haryana: 54

5. Himachal Pradesh: 19

6. Jharkhand: 19

7. Madhya Pradesh: 58

8. Maharashtra: 45

9. Odisha: 10

10. Rajasthan: 25

11. Telangana: 44

12. Uttar Pradesh: 100

13. Uttarakhand: 05

Total: 455

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MOIL announces proposed Employee Offer By Government Of India
Jul 18,2017

MOIL announced that in terms of Cabinet Committee of Economic Affairs (CCEA) decision dated 16 January 2015, it has been decided by Government of India to offer upto 6,65,939 equity shares of face value of Rs. 10/- each of MOIL (MOIL) to the Eligible Employees of MOIL (Offer) at a discounted price of Rs. 346.75 (this price is at 5% discount to the cut off price of Rs. 365 discovered in the Offer for Sale of shares of MOIL carried out by Government of India on 24 & 25 January 2017).

The minimum and maximum number of equity shares which can be applied for by eligible employees is 10 and 576 equity shares, respectively.

The offer shall be open from 19 July 2017 to 27 July 2017 (both days inclusive)

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TCS recognised as Leader in IT Infrastructure Services Automation
Jul 18,2017

Tata Consultancy Services has been recognised as a Leader in Everest Groups report, IT Infrastructure Automation - Market Update and PEAK Matrix Assessment for Solutions.

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