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ICICI Bank in spotlight ahead of quarterly earnings
May 03,2017

ICICI Bank will declare its Q4 March 2017 results today, 3 May 2017.

TCS said it has been selected by one of Europes largest utilities companies - Vattenfall- to provide IT services across multiple European operations including Swedan, Germany and the Netherlands. The announcement was made after market hours yesterday, 2 May 2017.

Wipro said it has unveiled its new brand identity. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipros expertise to address their business requirements and drive future opportunities in this digital era. As part of the new brand identity, Wipro unveiled a new logo. The announcement was made after market hours yesterday, 2 May 2017.

Nestle India announced the launch of exciting new range of noodles - MAGGI Masalas of India. The new range of MAGGI noodles consists of four new flavors-Amritsari Achari, Mumbaiya Chatak, Super Chennai and Bengali Jhaal. The announcement was made after market hours yesterday, 2 May 2017.

Maricos consolidated net profit rose 25.5% to Rs 170.91 crore on 1.98% rise in total income to Rs 1344.43 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 2 May 2017.

Inox Leisures consolidated net profit dropped 98.05% to Rs 0.34 crore on 14.04% rise in total income to Rs 290.81 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 2 May 2017.

Sun Pharma Advanced Research Company scheduled a board meeting on 5 May 2017 to consider fund raising through issue of equity or convertible warrants to promoters. The announcement was made after market hours yesterday, 2 May 2017.

Speciality Restaurants announced the suspension of operations of its Cafe Mezzuna restaurant located at St. Marks Road, Bengaluru with effect from 1 May 2017. The announcement was made after market hours yesterday, 2 May 2017.

Kitex Garments announced that the board of directors at a meeting held on 28 April 2017 has approved further investment upto $1.5 million in the capital of Kitex USA LLC for the year ending 31 March 2018 (FY 2018). The announcement was made after market hours yesterday, 2 May 2017.

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Ambuja Cements may advance after good Q1 outcome
May 02,2017

Ambuja Cements consolidated net profit rose 38% to Rs 396.96 crore on 6.8% growth in net sales to Rs 5631.90 crore in Q1 March 2017 over Q1 March 2016. The result was announced after market hours on Friday, 28 April 2017.

Shares of public sector oil marketing companies (PSU OMCs) will be in focus after announcing a hike in petrol and diesel prices. Indian Oil Corporation (IOCL) on 30 April 2017 announced an increase in the price of petrol and diesel with effect from the midnight of 30 April/1 May 2017. Petrol price was hiked by Rs 0.01 per litre and diesel price was raised by Rs 0.44 a litre at Delhi (excluding state levies).

In addition to this, daily revision of prices of petrol and diesel is being implemented on pilot basis, in the cities of Chandigarh, Jamshedpur, Puducherry District, Udaipur and Vizag with effect from 1 May 2017.

Dr Reddys Laboratories said that the audit of the companys formulations manufacturing plant - 3 at Bachupally, Hyderabad by the US FDA, has been completed on Friday, 28 April 2017. The company was a Form 483 with 11 observations. These observations are mostly procedural in nature, reflecting the need to improve people capabilities and strengthen documentation and laboratory systems. The company will address them comprehensively within the stipulated time. This is for your information. The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

GAIL (India) has awarded contracts for pipeline laying works of Kochi-Koottanad-Mangaluru pipeline for another 131 kilometre section at a cost of approximately Rs 200 crore. The balance 111 kilometres stretch will be awarded by July 2017. GAIL (India) is targeting to complete the entire project by December 2018. The announcement was made on Monday, 1 May 2017, when the domestic stock markets were closed for a local holiday.

Marico and Kansai Nerolac Paints are scheduled to announce March quarter earnings today, 2 May 2017.

Thermax announced that the company has won export contracts from a leading African conglomerate to supply 4 utility boilers, 8 heat recovery steam generators and 2 flue gas steam generators for its refinery and petrochemical project coming up in Nigeria. The scope of supply covers design, engineering, procurement, manufacturing and testing, and supervision of commissioning of these equipment at the site. The order is valued at approximately $ 157 million. The announcement was made after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

Raymonds net profit rose 10.97% to Rs 37.54 crore on 1.64% growth in net sales to Rs 772.46 crore in Q1 March 2017 over Q1 March 2016. The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

Navin Fluorine Internationals net profit fell 6.73% to Rs 29.38 crore on 5.79% growth in net sales to Rs 200.53 crore in Q1 March 2017 over Q1 March 2016. The result was announced after market hours on Friday, 28 April 2017. Domestic stock markets remained closed on Monday, 1 May 2017, for a local holiday.

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Kotak Mahindra Bank may gain on acquiring 26% stake in Kotak Life
Apr 28,2017

Kotak Mahindra Bank announced that it has entered into an agreement to purchase the entire 26% equity stake held by Old Mutual plc, UK (OM) in Kotak Mutual Life Insurance for a consideration of Rs 1292.70 crore. The announcement was made before market hours today, 28 April 2017.

After the completion of the transaction, Kotak Mahindra Group will hold 100% stake in Kotak Life. Kotak Life is currently a joint venture between Kotak Group and OM.

Sun TV Network has launched new Surya Comedy Channel which is the first 24 hours Malayalam comedy channel to its bouquet of Malayalam channels namely Surya TV, Surya Movies, Surya Music and Kochu TV. The new channel will be on air from 29 April 2017. The announcement was made after market hours yesterday, 27 April 2017.

Ambuja Cements announces Q1 results today, 28 April 2017. IDFC also unveils Q4 results today.

Reliance Capitals consolidated net profit rose 0.48% to Rs 417 crore on 79.84% rise in total revenue to Rs 5086 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 27 April 2017.

Indiabulls Real Estates consolidated net profit fell 3.73% to Rs 60.18 crore on 25.84% fall in total income to Rs 545.15 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 27 April 2017.

Chembond Chemicals said that pursuant to the approval of the board of directors at a meeting held on 27 April, 2017, the company has entered into an agreement to acquire the equity shares of Chembond Solenis Water Technologies (CSWTL), a subsidiary company from Solenis Netherlands B.V.

After the acquisition, the subsidiary company shall become a wholly owned subsidiary of the company. The announcement was made after market hours yesterday, 27 April 2017.

HCL Infosystems announced that the board of directors of the company at a meeting held on 27 April 2017 has approved the slump sale of an undertaking-Digischool Business undertaking consisting of business of sale of software licenses to K-12 schools of HCL Learning, a wholly owned subsidiary, on a going concern basis to Everest Edusys and Solutions. The announcement was made after market hours yesterday, 27 April 2017.

Jubilant Life Sciences announced that the company has issued commercial paper of Rs 75 crore on 27 April 2017. The announcement was made after market hours yesterday, 27 April 2017.

Indraprastha Gas board at a meeting held on 27 April 2017 approved increase in foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) shareholding limits in the company from 24% of paid up equity share capital to 30% of the paid up share capital of the company, subject to approval of shareholders and other regulatory approval as may be required. The announcement was made after market hours yesterday, 27 April 2017.

Capital First announced that as a part of the strategic investment, the company has entered into an investment agreement on 26 April 2017 with Sienna Systems Resources (Sienna) and the promoter of Sienna to acquire equity shares comprising approximately 8% of the share capital of Sienna and equity share warrants comprising approximately 2% of the share capital of Sienna. The announcement was made after market hours yesterday, 27 April 2017.

Prism Cement has received letter of intent from Madhya Pradesh Government for allotment of cement grade limestone Mining lease for 50 years in villages Chulhi and Majhiyar, District Satna, Madhya Pradesh, with about 23.6 million tons of reserves, subject to completion of formalities,. The application for this mining lease was made under the earlier regulations and was under processing by the state Government. The mining lease would be captive to the cement plants of the Company at Satna, Madhya Pradesh. The announcement was made after market hours yesterday, 27 April 2017.

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Axis Bank may slide on disappointing Q4 results
Apr 27,2017

Axis Banks net profit dropped 43.13% to Rs 1225.10 crore on 4.33% rise in total income to Rs 14181.31 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 26 April 2017.

The ratio of gross NPAs to gross advances stood at 5.04% as on 31 March 2017 as against 5.22% as on 31 December 2016 and 1.67% as on 31 March 2016. The ratio of net NPAs to net advances stood at 2.11% as on 31 March 2017 as against 2.18% as on 31 December 2016 and 0.7% as on 31 March 2016.

Kotak Mahindra Bank and Maruti Suzuki India will announce Q4 results today, 27 April 2017.

Infosys announced that it has launched Infosys Nia- The Next Generation integrated artificial intelligence platform. The announcement was made after market hours yesterday, 26 April 2017.

Infosys Nia converges the big data/analytics, machine learning, knowledge management, and cognitive automation capabilities of Mana; end-to-end RPA capabilities of AssistEdge; advanced, high-performanceand scalable machine learning capabilities of Skytree; and optical character recognition (OCR), natural language processing (NLP) capabilities and infrastructure management services. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs.

Reliance Industries (RIL) announced that it has entered into a license agreement with Germanys Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood, a natural fiber polymer composite in India. The compound will be the raw material for the production of sheets & various profiles used in a wide range of wood & plywood replacement applications. The announcement was made after market hours yesterday, 26 April 2017.

Shares of Cadila Healthcare will be in focus after the company received the final approval from the USFDA to market Cholestyramine for Oral Suspension USP, 4 gram per scoopful. It is indicated as an adjunctive therapy to the diet for the reduction of elevated serum cholesterol in patients with primary hypercholesterolemia (elevated low density lipoprotein [LDL] cholesterol) who do not respond adequately to diet. Cholestyramine will be produced at the groups formulations manufacturing facility at Baddi. The group has now more than 110 approvals and has so far filled over 300 ANDAs since the commencement of the filling process in FY 2003-2004. The announcement was made after market hours yesterday, 26 April 2017.

Petron Engineering Construction has received work order from Guruashish Construction, HDIL Towers, Bandra (East), Mumbai, for building structure works at Goregaon (West), Mumbai for a total value of Rs 110 crore (approx). The announcement was made after market hours yesterday, 26 April 2017.

Jubilant industries said that the National Green Tribunal (NGT) in a hearing on 26 April 2017 in a case relating to the pollution of the river Ganga and drainage canals leading into the river Ganga, has, by way of an oral pronouncement, ordered 13 industrial units situated in Gajraula near the river Bagad to immediately cease operations.

The order of the NGT applies to the units of companys wholly owned material subsidiary, Jubilant Agri & Consumer Products Limited (JACPL) in Gajraula. A committee has been set up by the NGT to inspect amongst other things, the discharge of effluents by the affected industrial units and to provide a report. Each industry has been given an opportunity to respond to the report with an action plan to resolve any deficits identified by the committee, in order to resume operations, within a week of submission of the report.

While a written order of the NGT is awaited, JACPL will comply with the oral order of the NGT and will file its response to the report as submitted by the committee, along with an action plan to resolve deficits identified by the committee, if any, before the NGT shortly.

JACPL is environmentally conscious and as a good corporate citizen, is taking all necessary steps in this regard. JACPL operates its manufacturing facilities in Gajraula with zero liquid discharge and in compliance with all applicable laws and it is confident of meeting any requirements that the NGT may prescribe and resuming operations of its industrial units at Gajraula at the earliest. The announcement was made before market hours today, 27 April 2017.

Somany Ceramics announced that expansion of sanitaryware plant of Somany Sanitary Ware Private Limited, a companys subsidiary is successfully completed and commercial production has commenced from 26 April 2017. As a result of this expansion, the capacity of plant has increased from 3.03 lacs pieces per annum to upto 11.50 lacs (1.15 million) pieces per annum. The announcement was made after market hours yesterday, 26 April 2017.

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Wipro may gain on good Q4 results
Apr 26,2017

Wipros consolidated net profit rose 7.2% to Rs 2267 crore on 4.86% rise in total income to Rs 15033.80 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours yesterday, 25 April 2017.

Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board said that the company is confident that the recovery in energy and utilities and demonstrated strength in digital will help improve growth trajectory during the course of the current financial year.

LIC Housing Finances net profit rose 18.12% to Rs 529.18 crore on 11.85% rise in total revenue to Rs 3661.86 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 25 April 2017.

Axis Bank announces Q4 results today, 26 April 2017.

Mahindra & Mahindra (M&M) annoucned that Mahindra Overseas Investment Company (Mauritius) (MOICML), a wholly owned subsidiary of the company, has acquired 100% of the equity share capital of Mahindra Automotive North America Inc. (MANA) in USA. In view of this, MANA has become a wholly owned subsidiary of MOICML and in turn, of the company with effect from 25 April 2017. The announcement was made after market hours yesterday, 25 April 2017.

Adani Ports and Special Economic Zone (APSEZ), achieved a new milestone in the ports infrastructure industry in India, with a strategic collaboration with CMA Terminals (CMAT) - part of the France based CMA CGM group, owner of one of the worlds leading Container Carriers and port operators.

Pursuant to a joint venture agreement signed in July 2014 between APSEZ and CMAT, now marked a watershed moment, when these two conglomerates operationalised the new container terminal named Adani CMA Mundra Terminal Private Limited (ACMTPL).

The establishment of this brand new state-of-the-art container terminal offers Indias trade with another world class facility on the West coast of India, strategically located in closer proximity to the vast North and Central Indian hinterlands. The relatively advantageous location has made Mundra port ideally poised to position itself as the major gateway port forthe Indias western coast.

This new container terminal, which is now operational has been commissioned three months ahead of schedule, will serve to showcase the strengthening national ties between Indian and French economies and is a great initiative between a leading India conglomerate and global shipping and ports company. The announcement was made after market hours yesterday, 25 April 2017.

Seshasayee Paper and Boards informed that revenue officials of the Tirunelveli District, Tamil Nadu, have temporally suspended drawal of water from River Thamirabharani for industrial use including the companys unit at Tirunelveli from 1 May 2017. The announcement was made after market hours yesterday, 25 April 2017.

Dilip Buildcon announced that three separate special purpose vehicles (SPV) companies have been incorporated for the respective projects after the receipt of letter of award from the National Highways Authority of India (Ministry of Road Transport & Highways, Government of India) for three projects in a single stretch in Maharashtra as announced in March. The announcement was made before market hours today, 26 April 2017.

VA Tech Wabag announced that VA Tech Wabag (Spain) S.L.U, Spain, the companys wholly owned subsidiary is liquidated. The announcement was made after market hours yesterday, 25 April 2017.

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RIL may gain on good Q4 results
Apr 25,2017

Reliance Industries (RIL) consolidated net profit excluding exceptional items rose 16.6% to Rs 8046 crore on 45.2% growth in turnover to Rs 92889 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 April 2017. The companys board of directors recommended a dividend of Rs 11 per share for the financial year ended 31 March 2017.

Increase in revenue is primarily on account of increase in prices of refining and petrochemical products on the back of higher oil prices. Turnover was also boosted by robust growth in retail business. Gross refining margin (GRM) rose to $11.5 per barrel in Q4 March 2017 from $10.8 per barrel each in Q3 December 2016 and in Q4 March 2016.

Reliance Jio Infocomm, a subsidiary of RIL crossed 50 million subscribers in just 83 days, and 100 million in 170 days, adding at an average rate of 6 lakh subscribers per day. Jio continues its rapid ramp-up of subscriber base and as of 31st March 2017, there were 108.9 million subscribers on the network.

Indiabulls Housing Finances consolidated net profit rose 24.4% to Rs 841 crore on 21.8% rise in total revenue to Rs 3225 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 April 2017.

Wipro will announce Q4 results today, 25 April 2017.

IndusInd Bank announced that it inaugurated its third branch in Jamshedpur. Expanding presence across Jharkhand, IndusInd Bank recently inaugurated its third branch in Jamshedpur, the first planned industrial city of India. The branch is located at Mango, Jamshedpur.

With the inauguration of this branch, the bank now has 19 branches in the state of Jharkhand. The announcement was made after market hours yesterday, 24 April 2017.

Infosys announced it is strengthening its engineering footprint in Eastern Europe by opening its first office and delivery center (DC) in Karlovac, Croatia.

In line with the companys strategy to establish global competency centers, offering the best talent in the market and making it available to customers globally, this DC also marks expansion into Eastern Europes established heavy engineering sector. The new facility will meet near-shoring requirements, support engineering clients worldwide, as well as offer R&D services.

The Karlovac facility in Croatia is the latest location across 16 regions in Europe which Infosys has openedas part of its ongoing commitment to client servicing and local job creation. The announcement was made after market hours yesterday, 24 April 2017.

Biocon said that the companys board of directors will consider issue of bonus shares at its meeting scheduled on Thursday, 27 April 2017. The announcement was made after market hours yesterday, 24 April 2017.

Strides Shasun announced that its API manufacturing site at Cuddalore was recently inspected by the USFDA. This was a routine GMP inspection and the company has successfully completed the inspection with Zero 483 observations. The announcement was made after market hours yesterday, 24 April 2017.

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ACC may drop after posting weak Q1 results
Apr 24,2017

ACCs consolidated net profit fell 8.9% to Rs 211.06 crore on 8.83% rise in total income to Rs 3663.18 crore in Q1 March 2017 over Q1 March 2016. The announcement was made on Friday, 21 April 2017.

Maruti Suzuki India unveiled the sketch of its all new DZIRE on 21 April 2017. The car will make its global debut in May 2017. The new DZIRE is designed to leave a lasting impression with its rich sculpted side body and enhanced proportions. It is modern, sleek and agile. The unmistakable sedan proportions with low and wide stance lends an elegant road presence to the new DZIRE, company added. The announcement was made on Friday, 21 April 2017.

Indiabulls Housing Finance, Reliance Industries (RIL) and Ultratech Cement will announce Q4 results today, 24 April 2017.

Indiabulls Housing Finance said that in terms of the board authorization dated 21 October 2016, the company has on 21 April 2017, allotted its twentieth tranche of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (NCDs) aggregating to Rs 25 crore.

On 10 November 2016 the company had intimated proposal to issue, secured, redeemable, non-convertible debentures of face value Rs 10 lakhs each aggregating Rs 6000 crore, on a private placement basis. The announcement was made after market hours on Friday, 21 April 2017.

Dr Reddys Laboratories announced the launch of Progesterone Capsules, 100 mg and 200 mg, a therapeutic equivalent generic version of Prometrium (Progesterone) Capsules in the US Market. The drug was approved by the USFDA. The announcement was made after market hours on Friday, 21 April 2017.

The Prometrium brand had US sales of approximately $153 million MAT for the most recent twelve months ending in February 2017, according to IMS Health.

Reliance Industries (RIL) commenced commercial production from its coal bed methane (CBM) block SP(West)-CBM-2001/1 from 24th March 2017 and is currently supplying CBM for commissioning the Shahdol Phulpur Pipeline (SHPPL). The production from RILs Sohagpur CBM fields will gradually ramp-up in the next 15-18 months making RIL among the largest unconventional natural gas producers in India.

CBM is an environmental friendly natural gas extracted from coal-bed and has become an important source of unconventional gas in many parts of the world. RIL was awarded the licence to explore two adjacent CBM blocks SP(West) and SP(East) with an area of 995 square kilometers in the round 1 of CBM block bidding by the Government of India in 2001.

RIL has drilled more than 200 wells connected to two gas gathering stations in the first phase of development. RIL expects to drill 600-800 wells further and develop associated infrastructure over the next phases of development.

Reliance Gas Pipelines (RGPL) a wholly owned subsidiary of RIL, laid a 302 kilometers Shahdol Phulpur gas pipeline that connects Sohagpur CBM fields from Shahdol to Hazira- Vijaipur-Jagdishpur (HBJ) pipeline Network of GAIL at Phulpur. With this new pipeline network these CBM gas fields are now connected with the Indian gas grid. The announcement was made after market hours on Friday, 21 April 2017.

Sun Pharmaceutical Industries will be in focus. With respect to news article titled FDA issues 11 observations for Dadra unit,Sun Pharmaceutical Industries clarified that companys Dadra facility underwent an inspection by USFDA recently. This inspection was completed on 13 April 2017. A Form-483 observation letter was issued by the USFDA post the inspection, listing 11 observations. The company is currently in the process of responding to the said letter to the USFDA within the stipulated timeline of 15 days. The announcement was made on Saturday, 22 April 2017.

It added that Sun Pharma and its subsidiaries have many facilities which supply products to the US market. These facilities undergo periodic routine inspection by the USFDA in normal course of business. As indicated above, the company is in the process of responding to the USFDA for the Form-483 observation letter issued for the Dadra facility. If there are any material developments related to this inspection, the company will promptly inform the stock exchanges.

Great Eastern Shipping Company announced that board meeting will be held on 5 May 2017 to consider issue of non-convertible debentures upto an amount not exceeding Rs 1000 crore by way of private placement during the year. The company will also announce Q4 results on that day. The announcement was made on Friday, 21 April 2017.

Divis Laboratories has updated that the USFDA has issued a warning letter for the companys unit-II at Visakhapatnam. The company responded to the USFDA inspection observations with an appropriate remediation process to overcome the deficiencies observed. As part of the companys commitments, it also provided periodic updates to the USFDA. In the import alert issued, USFDA has exempted several products manufactured at the companys unit-II at Visakhapatnam, Andhra Pradesh.

The company will continue to supply these active ingredients to meet its obligations to customers. Divis Labs, along with external consultants and subject matter experts, are working to address the concerns of the USFDA and is making all efforts to fully meet the compliance requirements. The company will respond to this warning letter with a detailed plan within the stipulated time. The announcement was made on Saturday, 22 April 2017.

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ACC, HDFC Bank in spotlight ahead of March quarter earnings
Apr 21,2017

ACC will announce its Q1 results today, 21 April 2017. HDFC Bank unveils its Q4 results today, 21 April 2017.

Reliance Industries (RIL) announced the successful and flawless commissioning of the second and final phase of Para-Xylene (PX) comprising of PX Crystallizers trains, Trans-alkylation and Aromatic Extraction units at Jamnagar. The announcement was made after market hours yesterday, 20 April 2017.

State Bank of India (SBI) said it has decided to serve notice of redemption to holders of $400 million Hybrid Tier 1 Notes issued pursuant to SBI, acting through its Nassau branchs $2000 million Medium Term Note programme for the redemption of the Notes on 15 May 2017. The announcement was made after market hours yesterday, 20 April 2017.

Tata Steels board at a meeting held yesterday, 20 April 2017, reviewed the performance, capital structure and financing plan of the company. Based on the review and pursuant to the existing shareholders approval, the board approved issue of debt securities of up to Rs 9000 crore in the form either of non-convertible debentures on private placement basis or foreign currency or rupee denominated bonds or a combination thereof in one or more tranches.

The funds will primarily be deployed towards re-financing the existing debt, capex/working capital requirements and general corporate purposes. The board of directors also authorized the finance committee of the board to determine and approve the timing and terms of such issue of securities. The announcement was made after market hours yesterday, 20 April 2017.

Indian Hotels Company announced that in terms of the authority granted by the board of directors at a meeting held on 18 May 2016, the company has allotted 2,000, rated, listed, unsecured, redeemable, non-cumulative & non- convertible debentures aggregating to Rs 200 crore on private placement basis. The announcement was made after market hours yesterday, 20 April 2017.

Fortune Financial Services (India) announced that a meeting of the board of directors of the company is scheduled to be held on 25 April 2017 to consider the approval for acquisition of equity shares of IRC Credit Management Services and INTL Risk Consultants Insurance Brokers by the company. The board will also consider the merger of Fortune Integrated Assets Finance with Fortune Financial Services(India) and any other business on that day. The announcement was made after market hours yesterday, 20 April 2017.

PVR announced that the employment of Vijay Kapoor who was employed as Chief Business Development Officer of the company has been terminated with effect from 20 April 2017 on disciplinary grounds. The announcement was made after market hours yesterday, 20 April 2017.

Housing Development & Infrastructure (HDIL) announced that it has launched a new project The Nest at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project. The announcement was made after market hours yesterday, 20 April 2017.

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Tata Steel in focus ahead of board meeting
Apr 20,2017

Tata Steels board is scheduled to meet today, 20 April 2017, to consider a proposal for fund raising.

Among other companies, CRISIL, Cyient, Hindustan Zinc, Mastek and MindTree will announce their results for the quarter ended March 2017 today, 20 April 2017.

Yes Banks net profit rose 30.2% to Rs 914.10 crore on 29.44% rise in total income to Rs 5606.38 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 19 April 2017.

The banks gross non-performing assets (NPAs) rose to Rs 2018.56 crore as on 31 March 2017 as against Rs 1005.85 crore as on 30 December 2016 and Rs 748.98 crore as on 31 March 2016.

The ratio of gross NPAs to gross advances rose to 1.52% as on 31 March 2017 as against 0.85% as on 31 December 2016 and 0.76% as on 31 March 2016. The ratio of net NPAs to net advances stood at 0.81% as on 31 March 2017 as against 0.29% as on 31 December 2016 and 0.29% as on 31 March 2016.

The banks provisions and contingencies (excluding tax provisions) rose 66.11% to Rs 309.73 crore in Q4 March 2017 over Q4 March 2016.

The board of directors of the bank recommended the payment of final dividend Rs 12 per share for the year ended 31 March 2017 (FY 2017).

The board has also approved raising of funds by way of issuance of debt securities including but not limited to non-convertible debentures, MTN (medium term notes), bonds upto Rs 20000 crore (in Rupee or foreign currency) by the bank to eligible investors on private placement.

NTPC said that its board of directors accorded approval for updating and upsizing the $4 billion medium term notes (MTN) programme upto $6 billion for raising debt from international markets to part finance the capital expenditure on new/ongoing projects, coal mining projects, renovation and modernization of power stations and for other permissible end uses.

The board of directors has approved the proposal to issue Notes up to Rs 5000 crore (Rupee denominated bonds) and/or upto $750 million equivalent (foreign currency bonds other than Rupee denominated) in the international markets either under the MTN programme or on standalone basis, in one or more tranches on the terms and conditions as may be agreed with the prospective investor(s) to finance the capital expenditure of new/ongoing projects, coal mining projects, renovation and modernization of power stations and/or for such other purposes as permissible under the ECB guidelines of the RBI. The announcement was made after market hours yesterday, 19 April 2017.

Jaypee Infratech issued clarification to the stock exchanges with regard to media news titled YEIDA asks Jaypee to pay Rs 90 crore by April 15. The company said the news item does not belong to the company nor have it received any notice from the Yamuna Expressway Industrial Development Authority (YEIDA) for any such payment.

The project belongs to its holding company, Jaiprakash Associates (JAL), Jaypee Infratech said. Further, Jaypee Infratech said it is in the process of taking up the matter with the YEIDA. The company added that it is making its sincere efforts to complete and deliver the projects to the buyers and is in touch with them. Necessary funds required for the working capital have already been tied up with banks and the work on various projects will commence soon, Jaypee Infratech said in a filing to the BSE. The announcement was made after market hours yesterday, 19 April 2017.

GRP said it has signed a manufacturing and supply agreement with a USA based company. The agreement is for exclusive manufacture, process and supply of composite products. The manufacturing facility will be set up at one of the existing GRP plants in Maharashtra and is expected to commence before end of this fiscal year. Investment in the equipment for the venture is estimated at Rs 2.20 crore. The announcement was made after market hours yesterday, 19 April 2017.

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TCS in focus after announcing Q4 results
Apr 19,2017

TCS consolidated net profit as per international financial reporting standards (IFRS) fell 2.5% to Rs 6608 crore on 0.3% decline in revenues to Rs 29642 crore in Q4 March 2017 over Q3 December 2016. The board has approved final dividend of Rs 27.50 per share for the year ended 31 March 2017. The announcement was made after market hours yesterday, 18 April 2017.

Zee Entertainment Enterprises said that it has completed transaction of acquisition of 80% equity stake in Mango Networks (Mango). Mango has allotted 40,000 shares to the company. Upon such allotment, the company holds 80% stake in Mango and consequently Mango haS become a subsidiary of the company. The announcement was made after market hours yesterday, 18 April 2017.

IndusInd Bank said that the Finance Committee of the Board at its meeting held yesterday, 18 April 2017, approved the allotment of Basel III-compliant bonds in the nature of debentures aggregating Rs 1000 crore on private placement basis, towards non-equity regulatory Additional Tier I Capital (AT1 Bonds). The announcement was made after market hours yesterday, 18 April 2017.

Coal India issued clarification to the stock exchanges with respect to news appeared in media on 17 April 2017 titled 177 mines of Coal India downgraded on quality concernsn++. The company said that coal is a heterogeneous mineral, susceptible to qualitative variation particularly in Indian context because of its origin and formation. As per earlier practice, annual declaration of grade proposed by coal companies on the basis of own sample collection and analysis at government accredited laboratories, which was being approved by Coal Controller in due course.

As per statutory provisions, subject of maintenance of grades requires monitoring which is vested with Coal Controller Organization (CCO). Annual declaration of grades is a routine exercise, being carried out by coal companies as per directives and methodology prescribed by CCO, Coal India said. During FY16-17, 52 mines/seams were regarded. Again, during reassessment another 22 mines were regarded, the company said.

During FY17-18, as per directives of government, Coal Controller announced new methodology for declaration of grade. Under revised methodology, sampling and analysis of different seams/loading points was carried out through academic institutions and based on their results, CCO finalized the grades, Coal India said.

Independent certification of coal grade through CC0 and analysis through CIMFR will help Coal India to achieve consumers confidence and satisfaction besides less slippages in future, the company said. Re-calibration of entire grading methodology is also going to help government in its mission to make cheap power available to common person, it added. The announcement was made after market hours yesterday, 18 April 2017.

NBCC (India) said it has secured the total business of Rs 1877 crore in March 2017. The announcement was made after market hours yesterday, 18 April 2017.

SPML Infra said that Prime Minister Narendra Modi along with Vijay Rupani, Chief minister of Gujarat inaugurated the completion of Phase-I of SPML Infra Project - Saurashtra Narmada Avtran Irrigation (SAUNI Yojana) on 18 April 2017 in Botad, Gujarat by formally releasing Narmada water in Krushna Sagar dam.

SPML Infra has substantially completed an important irrigation project- SAUNI Yojana. The announcement was made after market hours yesterday, 18 April 2017.

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TCS in spotlight ahead of Q4 results
Apr 18,2017

IT major TCS is scheduled to release Q4 March 2017 results today, 18 April 2017.

Among other companies, Hindustan Oil Exploration Company, Omax Autos, Muthoot Capital Services and VST Industries are scheduleD to release March 2017 quarter earnings today, 18 April 2017.

Axis Bank announced that it has retained the marginal cost of funds based lending rates (MCLR) at the same levels across tenors. The banks MCLR for overnight loans will be 7.9%, for one month will be 7.9% and for three months will be 8.05%.

The MCLR on 6-month loans will be 8.15% and for one-year loans the rate would be 8.25%, the bank said. MCLR for two-year loans would be at 8.3% and loans with three-year maturity would carry an MCLR of 8.35%, the bank said. The new loans will be priced at the published interntal benchmark MCLRs as mentioned above with effect from 18 April 2017. The announcement was made after market hours yesterday, 17 April 2017.

Gruh Finances net profit rose 25.76% to Rs 110.45 crore on 13.4% rise in total income from operations to Rs 416.11 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 17 April 2017.

APL Apollo Tubes announced the launch of its new brand Apollo Coastguard, thus marking a revolutionary change in the world of galvanized steel pipes. The Apollo Coastguard pipes are made of special galvanized steel to provide excellent corrosion resistance against wind, water and road salts, making them 100% rust proof pipes to last for generations. The announcement was made after market hours yesterday, 17 April 2017.

National Fertilizers (NFL) said that it has received letter of intent (LOI) from SDSC-SHAR (Satish Dhawan Space Centre, Sriharikota) for establishing Di-Nitrogen Tetroxide (N2O4) production plant (NPP) on build, Own, operate & supply model. The project is to be set-up on build, own, operate & supply (BOOS) model at NFL Vijaipur, Guna, Madhya Pradesh. The plant capacity shall be around 1,095 metric tonnes (MT) N2O4 per annum.

The product (N2O4) shall be exclusively supplied to SDSC-SHAR under long term agreement for 25 years period. The project activities (zero date) shall start around July 2017 with a gestation period of 18 months. The estimated capex requirement shall be around Rs 350 crore. The announcement was made after market hours yesterday, 17 April 2017.

CMI said that its board of directors on 17 April 2017 approved the allotment of 2.5 lakh equity shares having face value Rs 10 each at a premium of Rs 290 per share to promoter/promoter group. The announcement was made after market hours yesterday, 17 April 2017.

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PSU OMCs in focus after fuel price hike
Apr 17,2017

Shares of public sector oil marketing companies (PSU OMCs) will be watched. Petrol price was increased by Rs 1.39 per litre while diesel was made expensive by Rs 1.04 per litre. The price of both fuels - petrol and diesel - exclude state levies - which means the actual increase in price will be more after taking into account local value-added tax (VAT) - and took effect from the midnight of 15 April and 15 April 2017.

Dr Reddys Laboratories announced that the audit of its API Srikakulam plant in Andhra Pradesh by the US Food and Drug Administration (USFDA) was completed on Friday, 14 April 2017, with no observations. The announcement was made on Friday, 14 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

Godrej Properties (GPL) announced that it has partnered with Taj Hotels Palaces Resorts Safaris to develop a Taj brand hotel at its flagship project, The Trees, in Vikhroli, Mumbai. The Taj at The Trees will offer approximately 150 guest rooms and suites along with dining, entertainment, and conferencing facilities. The announcement was made before trading hours today, 17 April 2017.

Aban Offshore said that Shema Renny Abraham, one of the companys promoters, sold 25,000 shares, or 0.04% equity, in the open market on 12 April 2017. Shema Renny Abraham now holds 3.90 lakh shares, or 0.67% equity, of Aban Offshore. The announcement was made after market hours on Thursday, 13 April 2017.

Net profit of Reliance Industrial Infrastructure rose 140.13% to Rs 7.30 crore on 4.70% rise in net sales to Rs 23.84 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Friday, 14 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

On a consolidated basis, net profit of Reliance Power rose 250.77% to Rs 215.90 crore on 0.10% decline in net sales to Rs 2466.49 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Friday, 14 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

Net profit of Bajaj Corp declined 2.93% to Rs 52.67 crore on 1.94% decline in net sales to Rs 204.21 crore in Q4 March 2017 over Q4 March 2016. The result was announced at the fag end of the trading session on Thursday, 13 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

Net profit of DCB Bank declined 23.98% to Rs 52.86 crore on 20.2% increase in operating income to Rs 612.64 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Friday, 14 April 2017. The market was shut on Friday, 14 April 2017, on account of public holiday.

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JSW Steel in spotlight after raising $500 million through unsecured notes
Apr 13,2017

JSW Steel said it has raised $500 million by allotment of fixed rate senior unsecured notes in accordance with Regulation S of the US Securities Act, 1933 and applicable Indian regulations. The notes will be listed on Singapore Exchange Securities Trading. The announcement was made after market hours yesterday, 12 April 2017.

IT major Infosys will announce Q4 March 2017 result today, 13 April 2017.

Cipla announced that its wholly-owned subsidiary, Cipla Medpro South Africa, completed acquisition of Anmaratn++ on 12 April 2017. The announcement was made after market hours yesterday, 12 April 2017.

Cera Sanitaryware said it has received CRISIL A1+ rating for the companys Rs 30 crore short term debt (including commercial paper). The announcement was made after market hours yesterday, 12 April 2017.

Karnataka Bank appointed Mahabaleshwara M S, presently the Chief General Manager of Karnataka Bank as Managing Director and Chief Executive Officer (MD & CEO) of the bank for a period of three years from the date of assuming charge, as per the approval received from Reserve Bank of India. He is succeeding P Jayarama Bhat, who has since assumed charge as part-time, non-executive Chairman of the bank. The Chairmans post was vacant since 26 October 2016 on retirement of Ananthakrishna. The announcement was made after market hours yesterday, 12 April 2017.

Heritage Foods announced that it has completed acquisition of dairy business of Reliance Retail. The company said it received approval from Competition Commission of India and completed the process of acquisition of dairy business of Reliance Retail. Post the transaction closure, Reliance Retail will continue to trade in dairy products including Heritage dairy products through its retail & wholesale channels. The announcement was made after market hours yesterday, 12 April 2017.

Arshiya said it entered into a binding term sheet with Ascendas Property Fund Trustee (APFT), whereby APFT, in its capacity as Trustee-Manager of Ascendas India Trust, has agreed to acquire 6 warehouses (totaling 8,32,000 square feet) of Arshiya at its Free Trade & Warehousing Zone (FTWZ) located at Panvel, near Mumbai. The indicative gross consideration envisaged is Rs 534 crore, to be paid in two tranches; Rs 434 crore upon signing of a definitive agreement and the balance Rs 100 crore to be paid over 4 years on achieving certain milestones. The announcement was made after market hours yesterday, 12 April 2017.

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Grasim Industries in focus after ABNL merger approval
Apr 12,2017

Grasim Industries will be watched. The shareholders of Grasim, Aditya Birla Nuvo (ABNL) and Aditya Birla Financial Services (ABFSL) at their meetings held on 6 and 10 April 2017, respectively have approved the scheme of amalgamation of ABNL with Grasim followed by the demerger and listing of the financial services business, in line with the NCLT order and the Sebi requirements. The announcement was made after market hours yesterday, 11 April 2017.

Tech major Wipro said it has completed the acquisition of Brazilian IT service provider InfoSERVER. The impact of the buyout will reflect in the financials of the company from the Q1 June 2017, it added. In January this year, Wipro signed an agreement to acquire InfoSERVER, an IT service provider focused on the Brazilian market for $8.7 million. The announcement was made after market hours yesterday, 11 April 2017.

Tata Power Company will be in focus. The company announced after market hours yesterday, 11 April 2017, that the Supreme Court on Tuesday, 11 April 2017, conveyed its judgment on the Compensatory Tariff mailer on the Mundra Ultra Mega Power Projects (UMPP). The order verbally conveyed set aside the previous favourable order of Appellate Tribunal for Electricity (APTEL) which had allowed compensatory tariff on account of Forced Majeure conditions at Indonesia. It did not mention about the use of Regulatory Powers of the Central Electricity Regulatory Commission (CERC) in adjudicating compensatory tariff as per previous order. The final order has got uploaded in the evening and the company is studying the same. The company will continue to pursue all alternatives options at Coastal Gujarat Power (CGPL), including sourcing of competitive coal from other relevant geographies as also use low grade and blended coal options to contain the onslaught of under recovery at Mundra UMPP.

Reliance Industries (RIL) will be watched. RILs subsidiary, Reliance Jio Infocomm (Jio) announced that the Jio Summer Surprise has been fully withdrawn, following the advice of Telecom Regulatory authority of India (TRAI). Jio further announced new all unlimited plans with special benefits, exclusively for its Jio Prime members and aimed at encouraging Jio subscribers to live the Digital Life without restrictions - Jio Dhan Dhana Dhan! The plans start with the most affordable Rs. 309 all unlimited plan, which provides unlimited SMS, calling and data (1GB per day at 4G speed) for 3 months on first recharge. The company also announced the Rs 509 all unlimited plan for daily high data users offering unlimited SMS, calling and data (2GB per day at 4G speed) for 3 months on first recharge. The announcement was made after market hours yesterday, 11 April 2017.

Vedanta and Cairn India announced after market hours yesterday, 11 April 2017, that the merger of Cairn India with Vedanta pursuant to the scheme of arrangement has become effective. Thursday, 27 April 2017 has been fixed as the record date for determining the list of the shareholders of Cairn India to whom the equity and preference shares of Vedanta will be allotted as per terms of the scheme. Shareholders of Cairn India will receive, for each equity share held, one equity share in Vedanta of face value Rs 1 each and four 7.5% redeemable preference share (RPS) in Vedanta with a face value of Rs 10 each.

Cairn India shareholders as on said record date, who will become shareholders of Vedanta, would also receive an interim dividend of Rs 17.70 per equity share as approved by the board of Vedanta on 30 March 2017. No shares will be issued to Vedanta or any of its subsidiaries for their shareholding in Cairn India. Vedanta will arrange for a third-party facility enabling a cash exit for RPS holders at par within 30 days from issuance.

This merger consolidates Vedantas position as one of the worlds largest diversified natural resources companies, with world-class, low-cost assets in metals & mining and oil & gas. The merged company will have a larger pro forma market capitalisation of $15.60 billion, and higher free float of 49.9%.

NBCC (India) announced that its subsidiary, Hindustan Steelworks Construction (HSCL), as on 1 April 2017, had an order book of Rs 8000 crore (approximately). For the financial year 2015-2016, the companys total revenue and net profit was Rs 1416 crore (approximately) and Rs 30.19 crore respectively. Presently, HSCL is a debt free company. The announcement was made after market hours yesterday, 11 April 2017.

Jammu & Kashmir Bank said that its board will meet on Saturday, 15 April 2017 to consider preferential issue of equity shares for an amount of Rs 282 crore to the Government of Jammu & Kashmir, the promoter and majority shareholder of the bank. The board will also consider rising funds through allotment of unsecured, redeemable, subordinated, non convertible, Basel III Compliant Tier 2 Bonds in the nature of debentures/bonds aggregating to Rs 1000 crore. The announcement was made after market hours yesterday, 11 April 2017.

Pincon Spirit announced that its board at a meeting held on 11 April 2017, approved a proposal to raise funds through issue of up to 57.06 lakh equity share warrants on preferential basis to Monoranjan Roy, Aptex Enterprises, K.D. Liquor & Fertilizer, Majestic Bottlers, Priya Purnima Credits, Westwell Iron & Steel, Maa Tarini Natural Resources, Sudarshan Commtrade, Ecospace Infotech and Pincers Commodities. The announcement was made after market hours yesterday, 11 April 2017.

Fag Bearings India turns ex-dividend today, 12 April 2017, for dividend of Rs 12 per share for the year ended 31 December 2016.

KSB Pumps turns ex-dividend today, 12 April 2017, for dividend of Rs 5.50 per share for the year ended 31 December 2016.

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Suzlon in spotlight after winning repeat order
Apr 11,2017

Suzlon Energy said it has won a repeat order of 50.40 megawatts (MW) wind power project in Karnataka from a leading IPP company. The announcement was made after market hours yesterday, 10 April 2017. The project will be completed by June 2017. Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services.

Majesco announced that a tier two specialty insurer renewed its application management services agreement with Majesco for three years to support a number of key operational systems. The insurer is focused on specialty related insurance in the US. The agreement will provide the insurer end to end support of some of their key operational systems for three years. The application management services are part of Majescos ADM services. The insurer has been a long-term strategic client of Majesco. The announcement was made after market hours yesterday, 10 April 2017.

Indiabulls Ventures said it has allotted an aggregate of 3.36 crore fully paid up equity shares to promoter group entities of the company, upon exercise/conversion of equivalent number of warrants. The announcement was made after market hours yesterday, 10 April 2017.

Hindustan Composites said its board at a meeting held on 10 April 2017, considered a proposal for 2-for-1 stock split. The board decided to seek shareholders approval through postal ballot process for the stock split proposal. The announcement was made after market hours yesterday, 10 April 2017.

Capital First said the meeting of the debenture committee of the board of directors of the company will be held on Thursday, 13 April 2017, inter-alia, to consider the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures to be listed on the debt market segment of National Stock Exchange of India. The announcement was made after market hours yesterday, 10 April 2017.

Redington (India) announced that its overseas step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S sold its entire holding of 51% in its subsidiary, Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey, for $1.65 million. The announcement was made after market hours yesterday, 10 April 2017.

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