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Axis Bank may gain on fund raising plans
Feb 03,2017

Axis Bank announced that the board of directors of the bank has passed a resolution approving the allotment of 3 years senior floating rate notes aggregating to $10 million under the banks MTN Programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 2 February 2017.

ACC announces Q4 results today, 3 February 2017.

Glenmark Pharmaceuticals consolidated net profit rose 143.16% to Rs 477.03 crore on 43.2% increase in total income to Rs 2549.57 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Shares of Tata Power Company and Nelco will be in focus after Tata Power Company said that the company has completed the formalities for purchase of defence business of unattended ground sensors (UGS) of Nelco. The announcement was made after market hours yesterday, 2 February 2017. Tata Power Company had on 28 January 2015 entered into a binding understanding with Nelco to purchase its defence business of UGS.

Essel Propacks consolidated net profit fell 7.62% to Rs 37.95 crore on 16.98% increase in total income to Rs 607.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

BSE will be in focus. Shares of BSE will be listed on the bourses today, 3 February 2017. The issue price of initial public offer (IPO) of BSE was set at Rs 806 per share. The IPO of BSE had received bids for 55.3 crore shares compared to 1.07 crore shares on offer, as per the NSE data. The IPO was subscribed 51.22 times. The issue opened for bidding on 23 January 2017 and closed on 25 January 2017. BSE owns and operates the BSE exchange platform (formerly the Bombay Stock Exchange), the first stock exchange in Asia, formed on 9 July 1875.

Tinplate Company of Indias net profit fell 80.64% to Rs 4.46 crore on 6.13%rise in gross total income from operations to Rs 222.44 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Stylam Industries announced that the company has proposed to sale of commercial space having covered area of 13,500 square meter facing Golf Course, IT Park, Panchkula. This has been decided by board of directors to focus on its core business of the company. The announcement was made after market hours yesterday, 2 February 2017.

Aegis Logistics consolidated net profit rose 25.53% to Rs 37.56 crore on 136% rise in net total income from operations to Rs 1248.05 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Transport Corporation of Indias net profit rose 44.7% to Rs 16.9 crore on 16.2% rise in total revenues to Rs 451.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 2 February 2017.

Subros announced that it has won a major order from Indian Railways, Diesel Locomotive Works, Varanasi for which supplies are to be executed. The announcement was made after market hours yesterday, 2 February 2017.

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Tata Motors may decline after registering drop in sales in January
Feb 02,2017

Tata Motors passenger and commercial vehicle total sales fell 1% to 46,349 vehicles in January 2017 over January 2016. The companys domestic sales of Tata commercial and passenger vehicles registered flat growth at 41,428 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Tata Motors passenger vehicles, in the domestic market, recorded 21% rise in sales at 12,907 units in January 2017 over January 2016, due to continued strong demand for the Tata Tiago. The company has also received an encouraging response to its recently launched lifestyle UV, Tata Hexa. The overall commercial vehicles sales in January 2017, in the domestic market were at 28,521 units, lower by 7% over January 2016.

The construct segment continued to grow strongly by 26.5% Y-o-Y, as road construction continues to drive demand, along with coal & iron ore mining also gaining momentum. IM&HCV Bus sales grew by 12%. The M&HCV segment is witnessing a surge in enquiry levels, after a weak Q3. The companys sales from exports was fell 13% at 4,921 units in January 2017 over January 2016.

Hero MotoCorps sales fell 13.53% to 4.87 lakh units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017. There is a positive change in the market sentiments, which is reflected in the improved offtake, and the company expects industry sales to gradually return towards normalcy.

Mahindra & Mahindra (M&M)s total tractor sales rose 6% to 15,909 units in January 2017 over January 2016. Domestic sales rose 3% to 14,776 units in January 2017 over January 2016. Exports jumped 71% to 1,133 units January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

M&Ms total sales fell 10% to 39,303 units in January 2017 over January 2016. Domestic sales declined 9% to 37,042 units in January 2017 over January 2016. Exports dropped 27% to 2,261 units January 2017 over January 2016.

Wipro announced that it has joined the Industrial Internet Consortium (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). This membership provides Wipro opportunities to engage and innovate with multi-partner testbeds and adopt best practices to drive digital transformation for customers. The announcement was made after market hours yesterday, 1 February 2017.

The Industrial Internet Consortium coordinates ecosystem initiatives to securely connect, control and integrate assets and systems of assets with people, processes and data. It uses common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure.

Coal India said that production of the company and its subsidiaries was 92% of targeted production at 55.99 million tonnes in January 2017. The offtake was 92% of targeted offtake at 51.35 million tonnes in January 2017. The announcement was made before market hours today, 2 February 2017.

SML Isuzus sales rose 19.6% to 1,002 units in January 2017 over January 2016. The announcement was made after market hours yesterday, 1 February 2017.

Dishman Pharmaceuticals and Chemicals announced that the company has received the Establishment Inspection Report (EIR) from the USFDA for Bavla facility on 1 February 2017. Bavla facility was successfully inspected by the USFDA in July, 2016, which was intimated to the stock exchanges on 9 July 2016. Thus, the companys facilities in Bavla, Naroda and Switzerland continue to be approved by the USFDA. The announcement was made before market hours today, 2 February 2017.

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ICICI Bank may drop after reporting weak Q3 results
Feb 01,2017

Stock and sector specific actions will be witnessed based on the announcements in Union Budget 2017-18, which will be presented by the finance minister Arun Jaitley later in the day today, 1 February 2017.

Among prominent companies, Eicher Motors announces Q3 results today, 1 February 2017.

ICICI Banks net profit dropped 19.09% to Rs 2441.82 crore on 0.04% fall in total income to Rs 17556.41 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ICICI Banks gross non-performing assets (NPAs) stood at Rs 37716.73 crore as on 31 December 2016 as against Rs 32178.60 crore as on 30 September 2016 and Rs 21149.19 crore as on 31 December 2015. The ratio of gross NPAs to gross advances stood at 7.91% as on 31 December 2016 as against 6.82% as on 30 September 2016 and 4.72% as on 31 December 2015. The ratio of net NPAs to net advances stood at 4.35% as on 31 December 2016 as against 3.57% as on 30 September 2016 and 2.28% as on 31 December 2015.

ICICI Banks CASA ratio was 49.9% at 31 December 2016 compared to 45.7% at 30 September 2016 and 45.2% at 31 December 2015. The banks net interest income fell 1.65% to Rs 5363 crore in Q3 December 2016 over Q3 December 2015.

Oil & Natural Gas Corporation (ONGCs) net profit rose 196.91% to Rs 4352.33 crore on 8.53% rise in total income to Rs 20906.46 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

ONGC will be investing $66.05 million or Rs 474.15 crore towards development of North West B-173A field to enhance production from its Western offshore.

Idea Cellular announced its arrival into the digital world with the launch of 3 new exciting Mobile Apps - Idea Music Lounge, Idea Movie Club, and Idea Game Spark - giving birth to a n++Digital Idean++. The new suite of integrated Digital Apps present one of the best range of entertainment content for its nearly 200 million customers. The announcement was made after market hours yesterday, 31 January 2017.

State Bank of Bikaner and Jaipur announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 8.2%, one month MCLR was fixed at 8.3%, three month MCLR was fixed at 8.4%, six months MCLR was fixed at 8.5% and one year MCLR was fixed at 8.6%. MCLR on two-year loans will be 8.7% and for three-year loans the rate will be 8.8%. The announcement was made after market hours yesterday, 31 January 2017.

Centrum Capital announced that the board of the companys subsidiary, Centrum Retail Services Limited has approved sale of a minority stake in its wholly owned subsidiary company, CentrumDirect Limited, to NYLIM Jacob Ballas India Holdings IV and Jacob Ballas Capital India Private Limited, subject to obtaining all government/regulatory approvals including approval from the Competition Commission of India (CCI). The announcement was made before market hours today, 1 February 2017.

Cupids net profit rose 53% to Rs 6.42 crore on 77% rise in total operating income to Rs 28.37 crore in Q3 December 2016 over Q3 December 2015. The announcement was made before market hours today, 1 February 2017.

UCO Bank reported net loss of Rs 437.09 crore in Q3 December 2016 compared with net loss of Rs 1497.01 crore in Q3 December 2015. Total income fell 1.42% to Rs 4864.21 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 31 January 2017.

Auto stocks will start reporting sales volume data for January 2017, starting from today, 1 February 2017.

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Tech Mahindra may gain after posting strong Q3 results
Jan 31,2017

Tech Mahindras consolidated profit after tax rose 32.77% to Rs 856 crore on 5.44% growth in revenue to Rs 7557.50 crore in Q3 December 2016 over Q2 September 2016. The result was announced at the fag end of the trading session yesterday, 30 January 2017.

The companys consolidated profit after tax rose 30.8% to $126.3 million on 4.1% growth in revenue at $1116.1 million in Q3 December 2016 over Q2 September 2016. EBITDA rose 9.2% to $175 million in Q3 December 2016 over Q2 September 2016.Cash and cash equivalent stood at Rs 4951 crore as of 31 December 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the strong deal wins and business momentum during the quarter reaffirm that the company is on the right track to capitalize on the opportunities from the global digital transformation, and see measurable benefits from that.

Maruti Suzuki India inaugurated its 200th NEXA showroom in Hyderabad. The announcement was made after market hours yesterday, 30 January 2017. Launched in July 2015, NEXA, the premium automotive retail channel of Maruti has enabled the company to attract newer categories of customers.

Tata Power Company announced that Welspun Renewables Energy Private Limited (WREPL), a wholly-owned step down subsidiary of the company which has been recently acquired, has successfully issued and allotted guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures of face value of Rs 10 lakh each, aggregating to Rs 1200 crore on a private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Bajaj Auto, ICICI Bank, Indian Oil Corporation and ONGC will announce Q3 results today, 31 January 2017.

Thyrocare Technologies said that the board of directors of the company has decided to discontinue, with immediate effect, the existing arrangement with companys wholly-owned subsidiary, Nueclear Healthcare (NHL), by which the company was sourcing PET-CT business for them against a fee of 20% of the amount charged by them. The announcement was made after market hours yesterday, 30 January 2017.

Pfizers net profit rose 4.37% to 62.37 crore on 2.58% fall in total income to 536.75 in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

State Bank of Travancore announced revision in marginal cost of funds based lending rate (MCLR) to be applicable from 1 February 2017. The banks overnight marginal cost of funds based lending rate (MCLR) was fixed at 7.95%, one month MCLR was fixed at 8.15%, three month MCLR was fixed at 8.25%, six months MCLR was fixed at 8.4% and one year MCLR was fixed at 8.55%. MCLR on two-year loans will be 8.6% and for three-year loans the rate will be 8.65%. The announcement was made after market hours yesterday, 30 January 2017.

Pioneer Distilleries announced that it has re-commenced the operations of the 100 kilo liters per day (KLPD) molasses based extra neutral alcohol (MENA) plant(s) at the factory located at Balapur (V), Dharmabad (Taluka), Nanded District, Maharashtra, with effect from 30 January 2017. The announcement was made after market hours yesterday, 30 January 2017.

The company had earlier informed temporary stoppage of the manufacturing activities of the plant on account of shortage in water availability due to less rains during monsoon season in the region and overhauling of the boilers and the dryer.

Dilip Buildcon announced that it has been declared as the successful bidder (L-1) by the Ministry of Road Transport & Highways, Government of India for the recalled project of rehabilitation and up-gradation of Machilipatnam to Avanigadda section of road to two lane with paved shoulder in the state of Andhra Pradesh under NHDP-IV through an engineering, procurement and construction basis. The announcement was made after market hours yesterday, 30 January 2017.

The Ministry of Road Transport & Highways, Government of India had recalled this project because L-1 bid price is higher than the departmental estimate of Rs 222.90 crore.

NRB Bearings announced that a meeting of the board of directors of the company will be held on 8 February 2017, to consider adoption of unaudited financial results for the quarter ended 31 December 2016 and further issue of listed non convertible debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 30 January 2017.

Shriram City Union Finances net profit fell 9.49% to Rs 157.74 crore on 15.5% rise in total income to Rs 1156.33 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 30 January 2017.

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L&T may gain after reporting good Q3 results
Jan 30,2017

L&Ts consolidated net profit rose 39% to Rs 972 crore on 1.4% growth in gross revenue to Rs 26287 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 28 January 2017.

The companys international revenue at Rs 9590 crore constituted 36% of the total revenue in Q3 December 2016. L&T garnered fresh orders worth Rs 34885 crore at the group level in Q3 December 2016, amid subdued business environment. Consolidated order book of the group stood at Rs 2.58 lakh crore as on 31 December 2016, higher by 1.4% on a year-on-year (yoy) basis.

With regard to future business outlook, L&T said the companys focus would be on selective pursuit of opportunities, working capital reduction, cost optimization through supply chain efficiencies and productivity enhancement through digitalization initiatives. Aided by these initiatives, the company is hopeful of a satisfactory performance given the current business environment.

L&Ts board of directors at its meeting held on 28 January 2017, approved a scheme of amalgamation between the company and its wholly-owned subsidiary Spectrum Infotech, subject to necessary approvals. Spectrum Infotech is engaged in the defence business.

Maruti Suzuki India (Maruti) announced a price increase ranging from Rs 1,500 to Rs 8,014 (ex-showroom Delhi) across models. These new prices were effective from 27 January 2017. The hike in car prices is because of increase in commodity, transportation and administrative costs, Maruti said. The announcement was made after market hours on Friday, 27 January 2017.

Tech Mahindra and HDFC will announce Q3 results today, 30 January 2017.

Bharat Electronics net profit rose 33.34% to Rs 373.54 crore on 30.9% growth in total income to Rs 2268.90 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 27 January 2017.

Bharat Electronics board at its meeting held on 27 January 2017, approved 10-for-1 stock split. The board also approved interim dividend of Rs 3 per share for FY 2017.

Jindal Steel & Power announced that it has secured long term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under sponge iron sub-sector, conducted by Coal India. This sourcing of coal will help the company to secure fuel requirements and smooth operations of companys sponge iron units.

The company had earlier secured 1.18 million tonnes of linkage capacity in captive power plant (CPP) sub-sector and with this linkage in sponge iron sub-sector, the total coal linkage capacity of the company will be 1.68 million tonnes per annum. The announcement was made before market hours today, 30 January 2017.

GMR Infrastructure announced that Kakinada SEZ (KSEZ), a subsidiary of the company has signed a series of memorandum of understandings (MoUs) with firms interested in setting up of manufacturing units in Kakinada SEZ during the CII Partnership Summit 2017 held on 27th and 28th January at Visakhapatnam, AP.

GMR Group is developing a world-class Industrial Zone - Kakinada SEZ, spread over 8500 acres and an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 million tonnes.

Acknowledging the advantage of Kakinada SEZ which is the largest industrial area with port connectivity in this region, Indian Oil & Gas PSU majors are joining together to set up a cracker unit, with a proposed investment of Rs 40000 crore in 2000 acres of GMRs Kakinada SEZ. MoU has been signed for this investment in Kakinada SEZ, among GAIL, HPCL and Government of Andhra Pradesh, during the CII Partnership Summit, Visakhapatnam, AP.

MoUs were signed by KSEZ with 5 companies which include Oil Country Tubular, Kamineni Steel & Power, United Seamless Tubular, Deepak Phenolics and DCM Shriram for setting up manufacturing facilities with a total investment of Rs 7000 crore spread over 550 acres at Kakinada SEZ Ltd., Kakinada, AP. The announcement was made on Sunday, 29 January 2017.

Apollo Tyres announced that the board of directors of the company at its upcoming meeting to be held on 1 February 2017, proposes to consider and recommend to the shareholders of the company for their approval, further capital raising by the company by way of issuance of equity shares, non-convertible debt instruments along with warrants and/or convertible securities other than warrants through a qualified institutions placement in accordance with applicable laws and subject to receipt of necessary approvals. The announcement was made on Sunday, 29 January 2017.

Gokaldas Exports announced that the company has entered in to a memorandum of understanding with Government of Andhra Pradesh on 27 January 2017, for setting up of 4 apparel manufacturing units over a period of next 3 years in Chittoor district involving an investment of approximately up to Rs 200 crore which is likely to generate approximately 5,000 new jobs.

The investment is however subject to such terms and conditions as requested and sought by the company including appropriate infrastructural support and relevant incentives and subsidies being made available to the company with the Government of Andhra Pradesh. The announcement was made on Saturday, 28 January 2017.

APL Apollo Tubes consolidated net profit fell 3.22% to Rs 30 crore on 26.3% rise in net sales to Rs 946 crore in Q3 December 2016 over Q3 December 2015. The announcement was made on Saturday, 28 January 2017.

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Wipro in focus after declaring Q3 result
Jan 27,2017

Wipros consolidated net profit fell 5.7% to Rs 2110 crore on 6.4% rise in gross revenue to Rs 13690 crore in Q3 December 2016 over Q3 December 2015. The result was as per International Financial Reporting Standards (IFRS). The company expects the revenue from IT Services business to be in the range of $ 1922 million to $1941 million in Q4 March 2017. The result was announced after market hours on Wednesday, 25 January 2017.

Colgate Palmolive (India), Bharat Electronics and ITC will announce their Q3 December 2016 results today, 27 January 2017.

Oberoi Realtys consolidated net profit dropped 60.01% to Rs 84.92 crore on 66.67% slide in total income to Rs 264.82 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Wednesday, 25 January 2017.

Reliance Communications said that Moodys Investors Service, Inc. (Moody), International rating agency, has revised the 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. The announcement was made before market hours today, 27 January 2017.

Cholamandalam Investment and Finance Companys consolidated net profit rose 10.36% to Rs 163.38 crore on 11.73% rise in total income to Rs 1184.44 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Wednesday, 25 January 2017.

NLC India scheduled a board meeting on 31 January 2017, to consider buyback of equity shares of the company. The announcement was made after market hours on Wednesday, 25 January 2017.

Ashok Leylands net profit dropped 13.02% to Rs 185.88 crore on 6.01% rise in total income to Rs 4390.71 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours on Wednesday, 25 January 2017.

Mphasis announced that a meeting of board of directors of the company is being convened on 31 January 2017, to consider a proposal for buy-back of shares. The announcement was made after market hours on Wednesday, 25 January 2017.

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Bharti Airtel in spotlight after reporting Q3 results
Jan 25,2017

Bharti Airtels consolidated net profit fell 54.54% to Rs 503.70 crore on 2.85% decline in total income to Rs 23415.60 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 24 January 2017.

Bharti Airtels board in its meeting held yesterday, 24 January 2017, approved issuance of non-convertible debentures (NCDs) on a private placement basis. The outstanding under these NCDs shall at all times be within the overall borrowing limits and be subject to a cap of Rs 10000 crore.

Idea Cellular announced that it intends to issue unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 2000 crore on private placement basis. The tenure of NCDs is five years and carry a coupon rate of 8.04% per annum. The announcement was made after market hours yesterday, 24 January 2017.

Wipro announced that TK Kurien, Executive Vice Chairman and member of the board will retire on 31 January 2017. The announcement was made after market hours yesterday, 24 January 2017. The company is scheduled to announce Q3 December 2016 results today, 25 January 2017.

Among other prominent results, Kotak Mahindra Bank and Maruti Suzuki India are scheduled to announce December 2016 quarter results today, 25 January 2017.

Siemens announced that it has won an order worth around Rs 366 crore from Oil and Natural Gas Corporation (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero hour overhaul and time continued overhaul. The announcement was made after market hours yesterday, 24 January 2017.

Wockhardt reported consolidated net loss of Rs 53.91 crore in Q3 December 2016 compared with net profit of Rs 72.04 crore in Q3 December 2015. Total income dropped 10.34% to Rs 1000.81 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 24 January 2017.

Indian Overseas Bank reported a net loss of Rs 554.44 crore in Q3 December 2016, compared to net loss of Rs 1425.06 crore in Q3 December 2015. Total income declined 13.12% to Rs 5599.50 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 24 January 2017.

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HUL, Asian Paints and Bharti Infratel in focus after announcing Q3 results
Jan 24,2017

Hindustan Unilevers (HUL) net profit rose 6.82% to Rs 1037.93 crore on 1.51% decline in total income to Rs 8400.38 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Harish Manwani, Chairman of HUL said on Q3 results that the gradual recovery of the market was temporarily impacted by adverse liquidity conditions. However, performance demonstrated resilience and agility in the challenging environment.

Asian Paints consolidated net profit rose 1.51% to Rs 489.31 crore on 2.52% growth in total income to Rs 4395.44 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Bharti Infratels consolidated net profit rose 25.33% to Rs 620.40 crore on 7.92% growth in total income to Rs 1547.80 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 23 January 2017.

Bharti Infratel announced that subject to shareholders approval in the ensuing general meeting, the board of directors in their meeting held yesterday, 23 January 2017, re-appointed D S Rawat as Managing Director & CEO of the company for a further term of three years with effect from 1 April 2017.

Among other prominent results, Bharti Airtel, HCL Technologies, HDFC Bank and Zee Entertainment Enterprises are scheduled to announce December 2016 quarter results today, 24 January 2017.

HDFC announced that it intends to raise Rs 2000 crore through issue of non-convertible debentures on private placement basis. The coupon rate is 7.49% per annum with a tenor of 2 years. The proceeds would be utilized to augment the long-term resources of the company. The announcement was made after market hours yesterday, 23 January 2017.

GIC Housing Finances net profit rose 12.55% to Rs 34.43 crore on 13.6% rise in total income to Rs 253.07 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 23 January 2017.

Trents net profit rose 14.02% to Rs 37.22 crore on 11.6% rise in total income to Rs 453.87 crore in Q3 December 2016 over Q3 December 2015. The announcement was made after market hours yesterday, 23 January 2017.

Adani Power announced that the convertible warrant holders, to whom the warrants were allotted in the month of May 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, the management committee of the board of directors of the company at its meeting held yesterday, 23 January 2017, made allotment of total 2.79 crore equity shares of the face value of Rs 10 each with a premium of Rs 22.54 per share to the convertible warrant holders. The announcement was made after market hours yesterday, 23 January 2017.

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UltraTech Cement in spotlight after announcing Q3 results
Jan 23,2017

UltraTech Cements consolidated net profit rose 5.12% to Rs 594.61 crore on 1.36% decline in total income to Rs 6858.47 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 21 January 2017.

UltraTech Cements board at its meeting held on Saturday, 21 January 2017, inter alia, approved setting up of a 3.5 million tonnes per annum (MTPA) integrated cement plant at Dhar, Madhya Pradesh.

Among other prominent results, Asian Paints, Hindustan Unilever and Bharti Infratel are scheduled to release December quarter results today, 23 January 2017.

State Bank of India (SBI) announced that the committee of directors for capital raising considered and accorded approval to allot 21.07 crore equity shares on preferential basis to Government of India, at an issue price of Rs 269.59 per share. The announcement was made after market hours on Friday, 20 January 2017.

United Spirits net profit jumped 296.72% to Rs 147.70 crore on 6.77% growth in total income to Rs 7117.79 crore in Q3 December 2016 over Q3 December 2015. The result was announced on Saturday, 21 January 2017.

Indiabulls Housing Finances consolidated net profit rose 24.74% to Rs 751.49 crore on 30.19% growth in total income to Rs 3004.47 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours on Friday, 20 January 2017.

NIIT announced that it has received a letter dated 19 January 2017 from AKM Systems, holding 38.46 lakh equity shares constituting 2.32% of total paid up share capital, requesting for its reclassification from the category of n++Promoter/Promoter Groupn++ to Public category. The board of directors has considered the request at its meeting held on 20 January 2017 and approved the same, subject to compliance with other regulatory formalities and requirements. The announcement was made after market hours on Friday, 20 January 2017.

Kalpataru Power Transmission (KPTL) announced that it has secured new orders exceeding Rs 825 crore. Commenting on the new order announcements, Manish Mohnot, Managing Director, KPTL said, the company continued to receive repeat orders from Africa region and has built a reasonable order book for its pipeline and railway business. It expects to close the year with a healthy order book. The announcement was made after market hours on Friday, 20 January 2017.

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Axis Bank in focus after Q3 results
Jan 20,2017

Axis Banks net profit fell 73.35% to Rs 579.57 crore on 15.72% growth in total income to Rs 14501.21 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 19 January 2017.

The banks gross non-performing assets (NPA) stood at Rs 20466.82 crore as on 31 December 2016 as against Rs 16378.65 crore as on 30 September 2016 and Rs 5724.05 crore as on 31 December 2015.

The banks ratio of gross NPAs to gross advances stood at 5.22% as on 31 December 2016, as against 4.17% as on 30 September 2016 and 1.68% as on 31 December 2015. The banks ratio of net NPAs to net advances stood at 2.18% as on 31 December 2016, compared with 2.02% as on 30 September 2016 and 0.75% as on 31 December 2015. Axis Banks provisions and contingencies jumped 432.67% to Rs 3795.80 crore in Q3 December 2016 over Q3 December 2015.

State Bank of Mysore said that its board will meet on 24 January 2017, to consider raising upto Rs 1000 crore by issuing Basel III compliant additional tier 1 bonds. The issue parameters will be as decided by the board. The announcement was made after market hours yesterday, 19 January 2017.

Bharti Airtel said that its board will meet on 24 January 2017, to consider raising funds through issue of debentures/bonds through private placement. The announcement was made after market hours yesterday, 19 January 2017.

Adani Ports and Special Economic Zone (APSEZ) said it raised $500 million by allotting fixed rate senior unsecured notes . The said notes will be listed on Singapore Exchange Securities Trading. The announcement was made after market hours yesterday, 19 January 2017.

GMR Infrastructure announced that the international competitive bidding process for the selection of developer for Integrated Retail Development has been completed. This is in addition to 5.67 Lakh square meters (sqm) already developed as Hospitality District at Delhi Aerocity. DIAL has issued the letter of award to design, develop, construct, finance, own, operate and maintain the Integrated Retail Development Project with FSI of 1.96 lakh sqm to Bharti Realty Holdings. The transaction involves upfront payments of Rs 315 crore (including RSD, ADC, bid processing fee) and license fee equivalent to 20% of revenue with minimum guaranteed payments. The effectiveness of the transaction is subject to certain conditions precedents and necessary approvals. The announcement was made after market hours yesterday, 19 January 2017.

MEP Infrastructure Developers said that its subsidiary, MEP Sanjose Arawali Kante Road, achieved financial closure as per the concession agreement executed with the Ministry of Road Transport and Highways (MORTH) dated 28 June 2016 for the rehabilitation and upgradation of Arawali-Kante section of National Highway (NH)-66 in Maharashtra to four lane with paved shoulder under NHDP IV on hybrid annuity mode by tying up of project finance of Rs 266.84 crore. The bid project cost is Rs 592.98 crore out of which project finance will contribute Rs 266.84 crore and remaining will be funded by grant from MORTH and equity contribution by the subsidiary company. The announcement was made after market hours yesterday, 19 January 2017.

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Cipla in spotlight as arm to sell stake in Four M Propack
Jan 19,2017

Cipla announced that its wholly-owned subsidiary Goldencross Pharma has entered in to a definitive agreement to sell its 100% equity stake in Four M Propack, India (Four M Propack) to Shriji Polymers (India) (Shriji Polymers) for a consideration of Rs 13.50 crore and an additional sum derived on the basis of the value of mutual funds, cash and bank balance, tax refunds, etc. at the time of closing estimated at around Rs 5.70 crore. The announcement was made after market hours yesterday, 18 January 2017.

Shriji Polymers is engaged in the business of manufacturing of HDPE bottles and PP caps for the pharmaceutical industry. The turnover of Four M Propack for the financial year ended 31 March 2016 was Rs 9.77 crore which is entirely on account of sales to the company. The net worth of Four M Propack as on 31 March 2016 was Rs 15.82 crore constituting 0.001% of the consolidated net worth of the company. The transaction is expected to be completed within 45 days from date of signing of the definitive agreement, subject to completion of certain condition precedent and receipt of applicable approvals.

Cipla said that none of the persons belonging to promoter/promoter Group(s) of the company has any interest in the transaction and it is not a related party transaction for the company.

Axis Bank and Yes Bank will announce October-December 2016 quarterly results today, 19 January 2017.

NHPC announced that TLDP-III (4 X 33) 132 megawatts (MW) power station in West Bengal has been completely restored on 18 January 2017 which was under complete shutdown for restoration work of GIS (Line-I Bay). The announcement was made after market hours yesterday, 18 January 2017.

Punjab National Bank (PNB) announced that the bank and India Post Payments Bank (IPPB) have signed a memorandum of understanding on 17 January 2017, wherein PNB shall provide technology platform for pilot launch of IPPB on receipt of regulatory approval from the Reserve Bank of India. The announcement was made after market hours yesterday, 18 January 2017.

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Tata Power in focus after non-fossil operating capacity climbs to 3,060 MW
Jan 18,2017

Tata Power, Indias largest integrated power company, announced that its total generation from non-fossil operating capacity stood at 3,060 megawatts (MW), making it the largest renewable energy company in India. The companys robust non-fossil fuel portfolio comprises of 693 MW of Hydro, 918 MW of Solar, 1074 MW of Wind, and 375 MW of waste gas based generation. Taking a step further towards building a greener portfolio last year, the company revised its share of non-fossil fuel based capacity up to 35-40% by 2025. The announcement was made after market hours yesterday, 17 January 2017.

Tata Chemicals said that Brickwork Ratings has revised its rating on the companys non-convertible debentures (NCD) issue of Rs 250 crore. Brickwork Ratings has removed the n++Ratings under watch with developing implicationsn++ for the Rating of BWR AA+ assigned to the NCD issue. The rating now stands at BWR AA+ (Pronounced Double A Plus) (Outlook: Stable). The announcement was made after market hours yesterday, 17 January 2017.

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the banks London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange. The announcement was made after market hours yesterday, 17 January 2017.

Vijaya Bank said it raised Basel III compliant additional Tier- I Bonds (Series IV) of Rs 325 crore through private placement on 17 January 2017 at coupon rate of 10.49% per annum. The announcement was made after market hours yesterday, 17 January 2017.

Yes Bank announced that it has launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub - Indias fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the knowledge partner.

Yes Bank said it has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its corporate, small and medium enterprises (SME) and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to digitized banking.

YES FINTECH accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, micro, small and medium enterprises (MSME) focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and forex & treasury space. The announcement was made after market hours yesterday, 17 January 2017.

Bharat Wire Ropes said it booked orders of Rs 8 crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 crore approximately. The company has bid for various projects and the outstanding bids/offers are for approximately Rs 60 crore, which are at various stages of evaluation. The announcement was made after market hours yesterday, 17 January 2017.

Rama Steel Tubes announced that a meeting of its board of directors will be held on 25 January 2017, to consider and approve the proposal of fund raising on a private placement basis, subject to shareholders approval. The announcement was made after market hours yesterday, 17 January 2017.

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SBI in focus after raising $500 million from overseas bond sale
Jan 18,2017

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the banks London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange. The announcement was made after market hours yesterday, 17 January 2017.

Vijaya Bank said it raised Basel III compliant additional Tier- I Bonds (Series IV) of Rs 325 crore through private placement on 17 January 2017 at coupon rate of 10.49% per annum. The announcement was made after market hours yesterday, 17 January 2017.

Yes Bank announced that it has launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub - Indias fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the knowledge partner.

Yes Bank said it has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its corporate, small and medium enterprises (SME) and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to digitized banking.

YES FINTECH accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, micro, small and medium enterprises (MSME) focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and forex & treasury space. The announcement was made after market hours yesterday, 17 January 2017.

Bharat Wire Ropes said it booked orders of Rs 8 crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 crore approximately. The company has bid for various projects and the outstanding bids/offers are for approximately Rs 60 crore, which are at various stages of evaluation. The announcement was made after market hours yesterday, 17 January 2017.

Rama Steel Tubes announced that a meeting of its board of directors will be held on 25 January 2017, to consider and approve the proposal of fund raising on a private placement basis, subject to shareholders approval. The announcement was made after market hours yesterday, 17 January 2017.

Tata Chemicals said that Brickwork Ratings has revised its rating on the companys non-convertible debentures (NCD) issue of Rs 250 crore. Brickwork Ratings has removed the n++Ratings under watch with developing implicationsn++ for the Rating of BWR AA+ assigned to the NCD issue. The rating now stands at BWR AA+ (Pronounced Double A Plus) (Outlook: Stable). The announcement was made after market hours yesterday, 17 January 2017.

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TCS in spotlight after partnering with Aurus
Jan 17,2017

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

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RIL in spotlight after Q3 results
Jan 17,2017

On a consolidated basis, Reliance Industries (RIL) net profit rose 3.6% to Rs 7506 crore on 16.1% increase in turnover to Rs 84189 crore in Q3 December 2016 over Q3 December 2015. Profit before depreciation, interest, and taxes (PBDIT) increased by 3.9% to Rs 14215 crore in Q3 December 2016 over Q3 December 2015. Profit Before Tax increased by 3.7% to Rs 10213 crore in Q3 December 2016 over Q3 December 2015. Cash Profit increased by 2.3% to Rs 10586 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 16 January 2017. The result is as per Indian Accounting Standards (Ind AS).

Bharat Petroleum Corporation (BPCL) said that it received in-principle approval for merger of Petronet CCK (PCCKL) with itself. PCCKL is a wholly-owned subsidiary of BPCL. The announcement was made after market hours yesterday, 16 January 2017.

TCS announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. The omnichannel payment solution facilitates transactions across channels and delivers unmatched convenience and security to both end consumers and retailers. Through this partnership with Aurus, retailers using TCS OmniStore will be able to easily process multiple payments across channels. The announcement was made after market hours yesterday, 16 January 2017.

HCL Technologies after market hours yesterday, 16 January 2017, issued a clarification to the stock exchanges on a law suit filed against HCL America Inc., a wholly owned subsidiary of the company. CultureSphere Inc., a California based corporation, has made certain claims and allegations against HCL America Inc and has filed a suit against HCL America Inc in Santa Clara County Superior Court. While the matter is sub-judice and the company will respect the legal outcome, the company, in the interest of its stakeholders, would like to clarify that the allegations in the lawsuit are totally baseless, and there have been no agreements written or unwritten between the parties, HCL Technologies said. The company added that it will defend its position accordingly.

Infosys announced its internal carbon price at $10.5 per ton of CO2e, at an event organized by the Carbon Pricing Leadership Coalition (CPLC) in Zurich. A significant milestone for Infosys, the price will be applicable for a period of two years and will represent the cost of decarbonizing 1 ton of CO2e. Infosys has been working towards building a clean energy future and has been on track to meet its commitment of becoming carbon neutral in 2018. In addition, Infosys has also committed to reduce its per-capita electricity consumption by 50% from the 2008 level and use 100% renewable power for electricity by 2018. The announcement was made after market hours yesterday, 16 January 2017.

Tata Global Beverages said that its board accorded an in principle approval for divesting its stake in its joint venture, Zhejiang Tata Tea Extraction Company, at an estimated enterprise value of Rs 33 crore, subject to necessary approvals. The transaction will also be subject to completion of negotiations, definitive agreements and satisfaction of conditions precedent. The announcement was made after market hours yesterday, 16 January 2017.

TeamLease Services said it signed a definitive agreement to acquire 100% shares in Keystone Business Solutions, a company incorporated under Companies Act, 1956 through its wholly owned subsidiary, TeamLease Staffing Services. The proposed acquisition does not fall within related party transaction and the promoters of the company have no interest in the entity proposed to be acquired. The consideration involved in the transaction is Rs 8.2 crore payable in cash. Keystone Business Solutions was incorporated on 25 June 2009 which offers IT staffing solutions. It operates through its registered office situated in Bangalore, India. The indicative time period for completion of the acquisition is on or before 31 January 2017. The announcement was made after market hours yesterday, 16 January 2017.

Shriram EPC said it will hold a board meeting on 19 January 2017 for considering the issuance of shares in lieu of the working capital term loan to the corporate debt restructuring (CDR) lenders based on reconciliation with the bankers and considering & approving the issuance of shares upto Rs 35 crore to a private limited company, on preferential basis. Consequent to this, the board would also consider increasing the authorised share capital of the company. The announcement was made after market hours yesterday, 16 January 2017.

Delta Corp said it was issued a licence for operations of a casino in Gangtok, Sikkim, under the Sikkim Casino (Control &Tax) Act, 2002. The company is fully ready to commence its casino operations and will do so immediately. The announcement was made after market hours yesterday, 16 January 2017.

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