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India Signs Financing Agreement with World Bank for US$ 201.50 Million for n++Third Technical Education Quality Improvement Programme (TEQIP III)n++
Feb 02,2017

A Financing Agreement for IDA credit of US$201.50 million (equivalent) for the n++Third Technical Education Quality Improvement Programme (TEQIP III)n++ was signed with the World Bank here yesterday. The Financing Agreement was signed by Mr. Raj Kumar (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Mr. Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.

The objective of the Program is to enhance quality and equity in participating Engineering Education Institutes and improve the efficiency of the Engineering Education System in Uttarakhand, Himachal Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Rajasthan, 8 North Eastern States and Andaman & Nicobar Islands. The Project has two main components, (i) Improving quality and equity in engineering institutes in those states; and (ii) System-level initiatives to strengthen sector governance and performance. The project has been designed as a disbursement linked one, that is, the World Bank loan will be disbursed on achievement of specific outcomes.

The closing date of TEQIP III is 31st March, 2022.

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Uflex launches reflective colour communication technology
Feb 02,2017

Uflex has been able to attain metallic effect on non-metallic substrates by reflective colour communication technology that works in combination of a specialised pre press software and special laser engraving hardware. The technology helps in enhancing the aesthetics of packaging without using prohibitive metallic inks or metallic laminates. The reflective colour communication system is offered by the Companys Cylinders Business which manufactures a special Rotogravure Cylinder that uses normal transparent gold/ transparent silver inks or lacquer inks to produce a homogenous metallic effect.

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Nila Infrastructures to consider December quarter results
Feb 02,2017

Nila Infrastructures announced that the meeting of the Board of Directors of the Company is scheduled to be held on 08 February 2017, to consider and approve unaudited financial results for the quarter ended on 31 December 2016.

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Board of Jamna Auto Industries to consider December quarter results
Feb 02,2017

Jamna Auto Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 11 February 2017, inter alia, to consider, approve and take on record the un-audited financial results of the Company for the quarter ended 31 December 2016.

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Shree Renuka Sugars leads losers in A group
Feb 02,2017

Shree Renuka Sugars fell 4.19% to Rs 14.85 at 12:25 IST after the company reported a net loss of Rs 42 crore in Q3 December 2016, higher than net loss of Rs 24.10 crore in Q3 December 2015. The announcement was made after market hours yesterday, 1 February 2017. The stock topped the losers in the BSEs A group. On the BSE, 10.57 lakh shares were traded on the counter so far as against the average daily volumes of 3.93 lakh shares in the past two weeks.

Hindalco Industries shed 3.19% to Rs 192.60. The stock was second biggest loser in A group. On the BSE, 4.92 lakh shares were traded on the counter so far as against the average daily volumes of 15.85 lakh shares in the past two weeks.

Union Bank of India fell 2.9% at Rs 147.40. The stock was the third biggest loser in A group. On the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 6.15 lakh shares in the past two weeks.

Corporation Bank shed 2.62% to Rs 42.70. The stock was fourth biggest loser in A group. On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 42,000 shares in the past two weeks.

Housing Development & Infrastructure dropped 2.57% at Rs 64.50. The stock was the fifth biggest loser in A group. On the BSE, 13.79 lakh shares were traded on the counter so far as against the average daily volumes of 16.23 lakh shares in the past two weeks.

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Board of Singer India to consider December quarter results
Feb 02,2017

Singer India announced that a meeting of the Board of Directors of the Company will be held on 13 February 2017, inter alia, to consider and approve the un-audited financial results for the quarter ended 31 December 2016.

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Board of Bank of India to consider Q3 results
Feb 02,2017

Bank of India announced that a meeting of the Board of Directors of the Bank will be held on 09 February 2017, inter alia, to consider and approve, Unaudited (Reviewed) Financial Results of the Bank for the third quarter/Nine months ended 31 December 2016 (Q3).

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Board of 20 Microns to consider December quarter results
Feb 02,2017

20 Microns announced that the Meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter ended on 31 December 2016.

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BASF India declines after reporting losses in Q3
Feb 02,2017

The result was announced after market hours yesterday, 1 February 2017.

Meanwhile, the S&P BSE Sensex was down 52.68 points or 0.19% at 28,088.96.

On the BSE, 2,970 shares were traded in the counter so far as against average daily volume of 3,012 shares in the past one quarter. The stock had hit a high of Rs 1,280.40 and a low of Rs 1,245 so far during the day. The stock had hit a 52-week high of Rs 1,340 on 30 January 2017. The stock had hit a 52-week low of Rs 699.90 on 12 February 2016.

It had outperformed the market over the past one month till 1 February 2017, rising 12.06% compared with the Sensexs 5.69% gains. The scrip had also outperformed the market over the past one quarter gaining 3.91% as against the Sensexs 0.95% rise.

The mid-cap company has equity capital of Rs 43.29 crore. Face value per share is Rs 10.

BASF Indias total income from operations rose 0.03% to Rs 1217.84 crore in Q3 December 2016 over Q3 December 2015.

BASF India is a leading transnational company in the Indian chemical industry.

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Kwality commences commercial production at Softa plant in Haryana
Feb 02,2017

Kwality has begun commercial production at its new unit at Softa plant, Haryana today which is being setn++]up primarily for manufacturing of valuen++]added products such as Flavoured Milk, Paneer, Cheese, UHT milk, Cream in tetra packs, Tablen++]Butter, Yoghurts, amongst others.

The new unit, when fully operational, to have milk handling capacity of 0.9 Mn litres/day primarily for valuen++]added products with total capital outlay of approx. Rs 400 crore. With this unit, cumulative milk processing capacity of Kwality would reach 4.3 Mn litres/day across its six plants

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Hotel Leela Venture to announce December quarter results
Feb 02,2017

Hotel Leela Venture announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 February 2017, inter alia, to consider the unaudited financial results of the Company for the third quarter and nine month period ended 31 December 2016.

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Prakash Industries to announce December quarter results
Feb 02,2017

Prakash Industries announced that a meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, to consider Unaudited Financial Results with Limited Review for the quarter / nine months ended 31 December 2016.

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Board of Capital Trust to consider December quarter results
Feb 02,2017

Capital Trust announced that a meeting of Board of Directors of the Company is scheduled to be held on 09 February 2017, inter alia, to consider and approve the un-audited financial results of the Company for the quarter ended 31 December 2016.

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Board of State Trading Corporation of India to consider December quarter results
Feb 02,2017

State Trading Corporation of India announced that the meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, to consider, approve and take on record the Unaudited Financial Results (Reviewed) prepared on standalone basis for the quarter & nine months year ended 31 December 2016.

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Steel Strips Wheels announces sales performance
Feb 02,2017

Steel Strips Wheels achieved total wheel rim sales of 11.66 lakh in January 2017 compared to 11.28 lakh in January 2016, recording a growth of 3.5%. The Company achieved 6% growth in net turnover to 107.65 crore in January 2017 over January 2016.

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