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Board of Aegis Logistics to consider Q3 results and 2nd interim dividend
Jan 27,2017

Aegis Logistics announced that the a meeting of the Board of Directors of the Company will be held on 02 January 2017, inter alia, to consider and approve the following:

1. To consider and approve Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31 December 2016;

2. To consider and declare 2nd Interim Dividend, if any, during the financial year 2016-17.

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Allahabad Bank raises Rs 1000 crore in Tier 2 Capital
Jan 27,2017

Allahabad Bank has on 25 January 2017 successfully raised Basel III compliant Tier 2 Bonds aggregating to Rs. 1000.00 crore through private placement at an annual coupon of 8.15% p. a. The said Tier 2 Bonds are eligible for inclusion in Tier 2 Capital of Bank.

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Dwitiya Trading fixes record date for sub-division of equity shares
Jan 27,2017

Dwitiya Trading has fixed 20 February 2017 as the Record Date for the purpose of Sub-division of Equity Shares in the Ratio of 5:1.

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Aegis Logistics fixes record date for 2nd interim dividend
Jan 27,2017

Aegis Logistics has fixed 10 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend.

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Wipro drops after weak Q3 results
Jan 27,2017

The result was as per International Financial Reporting Standards (IFRS). The result was announced after market hours on Wednesday, 25 January 2017.

Meanwhile, the S&P BSE Sensex was up 172.18 points or 0.62% at 27,880.32.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 1.50 lakh shares in the past two weeks. The stock had hit a high of Rs 472.25 and a low of Rs 467.90 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016.

Wipro expects the revenue from IT Services business to be in the range of $ 1922 million to $1941 million in Q4 March 2017.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Board of GAIL (India) recommends bonus issue
Jan 27,2017

GAIL (India) announced that the Board of Directors of the Company in its meeting held on 25 January 2017, inter alia, has approved the following:

1. Bonus Issue :

The Board has recommended the issuance of One bonus share of Rs. 10/- for existing Three equity shares of Rs. 10/- each fully paid up, subject to the shareholders approval.

2. Interim Dividend :

The Board has approved payment of interim dividend for the FY 2016-17 @ 85% (Rs. 8.5 per equity share) on the paid-up equity share capital of the Company.

3. Fund raising by issuance of Bonds :

The Board has approved issuance of secured /unsecured, redeemable, non-convertible, taxable Bond(s) upto Rs.750 crore with green shoe option upto 100% of issue size aggregating upto Rs. 1,500 crore on a private placement basis, in one or more tranches.

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HDFC Bank allots 2908800 equity shares
Jan 27,2017

HDFC Bank has allotted on 27 January 2017, 2908800 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).

The paid up share capital of the Bank will accordingly increase from Rs. 5110748234 equity shares of Rs. 2/- each to Rs. 5116565834 equity shares of Rs. 2/- each.

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Stampede Capital reschedules board meeting
Jan 27,2017

Stampede Capital announced that the Board meeting scheduled to be held on 14 February 2017 stands cancelled due to non availability of the Directors. The new date of the Board Meeting will be intimated soon.

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Board of Wheels India to consider Q3 results and interim dividend
Jan 27,2017

Wheels India announced that a Meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia:

1. to consider the Un-audited financial results for the quarter/nine months ended 31 December 2016.

2. to consider and approve Interim Dividend for the financial year ending 31 March 2017 and fix record date for the purpose.

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Cerebra Integrated Technologies to inaugurate its new facility in Bangalore
Jan 27,2017

Cerebra Integrated Technologies announced that the Company, Bangalore, will inaugurate its new Facility to undertake E-Waste Recycling processes at Narsapura Industrial Area, Near Bangalore on 07 February 2017.

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Board of Patidar Buildcon to consider Q3 and 9M results
Jan 27,2017

Patidar Buildcon announced that a Meeting of Board of Directors of the Company is scheduled to be held on 14 February 2017, to consider and approve unaudited (provisional) financial results for the quarter and nine month ended on 31 December 2016.

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Board of AVT Natural Products to consider Q3 results and interim dividend
Jan 27,2017

AVT Natural Products announced that the Meeting of the Board of Directors of the Company will be held on 07 February 2017, to consider inter alia and take on record the following :

1. Unaudited Financial Results of the Company for the Third Quarter ended 31 December 2016.

2. To consider the declaration of interim dividend, if any, for the financial year 2016-17.

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Reliance Communications gets revision in corporate family rating and Senior Secured Notes rating
Jan 27,2017

Reliance Communications announced that Moodys Investors Service, Inc. (Moody), International rating agency, has revised Companys corporate family rating and Senior Secured Notes rating from n++B1n++ to n++B2n++ with negative outlook.

Moody has stated that EBITDA from the Companys Indian operations - which contribute around 85% of EBITDA, will remain under pressure over next 6-12 months in light of intensifying competition in Indias mobile sector and the governments demonetization in early November 2016.

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Reliance Communications gets revision in corporate family rating and Senior Secured Notes rating
Jan 27,2017

Reliance Communications announced that Moodys Investors Service, Inc. (Moody), International rating agency, has revised Companys corporate family rating and Senior Secured Notes rating from n++B1n++ to n++B2n++ with negative outlook.

Moody has stated that EBITDA from the Companys Indian operations - which contribute around 85% of EBITDA, will remain under pressure over next 6-12 months in light of intensifying competition in Indias mobile sector and the governments demonetization in early November 2016.

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Jain Irrigation Systems raises funds from international bond market
Jan 27,2017

Jain Irrigation Systems announced that its wholly owned subsidiary, Jain International Trading B.V. (the Company) has priced U.S.$ 200 million 5-year (non-call 3 year) senior unsecured Notes offering at 7.125% per annum, due February 2022 (the Notes). This issue marks its successful debut of Jain Irrigation in the U.S. dollar bond markets. The Notes have been rated B+ by S&P/ B+ by Fitch. The Notes are proposed to be listed on the Singapore Stock Exchange.

The proceeds from the issuance will be used to repay existing third party indebtedness and for general corporate purposes.

The offering is scheduled to close on 01 February 2017.

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