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Tata Power may gain after completing sale of 50% stake in OTP Geothermal Pte
Aug 17,2016

Tata Power Company said that its subsidiary has completed sale of its 50% stake in OTP Geothermal Pte. Tata Power International Pte. (TPIPL), a wholly-owned subsidiary of Tata Power Company in Singapore had signed an agreement for the sale of its 50% stake in OTP Geothermal Pte. (OTP) to KS Orka Renewables Pte. in April 2016. OTP, a 50:50 joint venture with Origin Energy, holds a 95% interest in Indonesias PT Sorik Marapi Geothermal Power (SMGP). The announcement was made after market hours yesterday, 16 August 2016.

Wipro announced after market hours yesterday, 16 August 2016, that it has successfully launched its Managed File Transfer as a Service (MFTaaS) platform on Microsoft Azure. The Software as a Service (SaaS) platform will help enterprises in seamless digital integration and cost-effective collaboration with their clients, partners and employees. The Wipro MFTaaS platform has been published on Azure Marketplace. The platform enables customers widen their reach to new markets by seamlessly integrating with their partner ecosystem. It makes use of Microsofts cognitive capabilities and collaboration workflows to increase productivity and eliminate wastages in business processes.

Piramal Enterprises (PEL) announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based Contract Development and Manufacturing Organisation (CDMO), in an all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain EBITDA targets, payable over the next six months. This potential transaction is expected to be completed by end of August, PEL said. This acquisition adds niche potent molecule manufacturing capabilities to the portfolio of services offered by PELs pharma solutions business, the company said. Ash Stevens had revenue of about $18.3 million in FY15 (twelve months ended 30 September 2015), it added.

Greenply Industries said that the qualified institutional placement (QIP) committee of the board of directors of the company at its meeting held on 16 August 2016, approved the issue and allotment of 19.45 lakh shares to qualified institutional buyers at the issue price of Rs 257 per share, aggregating to Rs 49.99 crore. The announcement was made after market hours yesterday, 16 August 2016.

MEP Infrastructure Developers said that a meeting of board of directors of the company will be held on 24 August 2016, to consider fund raising options as maybe deliberated and decided by the board of directors of the company. The announcement was made after market hours yesterday, 16 August 2016.

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Tata Power may gain after subsidiary completes sale of 50% stake in OTP Geothermal
Aug 17,2016

Tata Power Company said that its subsidiary has completed sale of its 50% stake in OTP Geothermal Pte. Tata Power International Pte. (TPIPL), a wholly-owned subsidiary of Tata Power Company in Singapore had signed an agreement for the sale of its 50% stake in OTP Geothermal Pte. (OTP) to KS Orka Renewables Pte. in April 2016. OTP, a 50:50 joint venture with Origin Energy, holds a 95% interest in Indonesias PT Sorik Marapi Geothermal Power (SMGP). The announcement was made after market hours yesterday, 16 August 2016.

Wipro announced after market hours yesterday, 16 August 2016, that it has successfully launched its Managed File Transfer as a Service (MFTaaS) platform on Microsoft Azure. The Software as a Service (SaaS) platform will help enterprises in seamless digital integration and cost-effective collaboration with their clients, partners and employees. The Wipro MFTaaS platform has been published on Azure Marketplace. The platform enables customers widen their reach to new markets by seamlessly integrating with their partner ecosystem. It makes use of Microsofts cognitive capabilities and collaboration workflows to increase productivity and eliminate wastages in business processes.

Hero MotoCorp said before market hours today, 17 August 2016 that Sunil Kant Munjals tenure as Joint Managing Director of the company ended on 16 August 2016. He has also resigned from the board of directors of the company with effect from the same date.In addition, the company said it has received a communication from the individual promoters of the company stating that pursuant to the aforesaid realignment, Sunil Kant Munjal will henceforth, not be classified as a promoter of the company. However, Sunil Kant Munjal will continue to hold 32,500 equity shares of the company representing 0.02% of the issued and paid up share capital of the company in his individual capacity. In July this year company had informed regarding realignment of business interests amongst the promoters of the company.

Just Dials net profit rose 7.98% to Rs 38.93 crore on 14.06% rise in total income to Rs 204.95 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 16 August 2016.

Just Dial also said that the board of directors of the company at a meeting held on 16 August 2016 approved a draft scheme of arrangement between Just Dial and Just Dial Global Private Limited (JDGPL) for demerger of Data and Information Undertaking (demerged undertaking) of JDGPL into the company, subject to requisite approvals.

Piramal Enterprises (PEL) announced that its wholly owned subsidiary in the US has entered into an agreement to acquire 100% stake in Ash Stevens Inc., a US based Contract Development and Manufacturing Organisation (CDMO), in an all cash deal for a total consideration of $42.95 million plus an earn-out consideration capped at $10 million, subject to achievement of certain EBITDA targets, payable over the next six months. This potential transaction is expected to be completed by end of August, PEL said. This acquisition adds niche potent molecule manufacturing capabilities to the portfolio of services offered by PELs pharma solutions business, the company said. Ash Stevens had revenue of about $18.3 million in FY15 (twelve months ended 30 September 2015), it added.

Greenply Industries said that the qualified institutional placement (QIP) committee of the board of directors of the company at its meeting held on 16 August 2016, approved the issue and allotment of 19.45 lakh shares to qualified institutional buyers at the issue price of Rs 257 per share, aggregating to Rs 49.99 crore. The announcement was made after market hours yesterday, 16 August 2016.

MEP Infrastructure Developers said that a meeting of board of directors of the company will be held on 24 August 2016, to consider fund raising options as maybe deliberated and decided by the board of directors of the company. The announcement was made after market hours yesterday, 16 August 2016.

Shriram Transport Finance Company announced after market hours yesterday, 16 August 2016 that the Allotment Committee - Non-Convertible Debentures (NCDs) of the company in a meeting held on 16 August 2016 approved and allotted 250 secured redeemable NCDs of face value of Rs 10 lakh each, aggregating to Rs 25 crore on private placement basis.

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Cipla may decline on weak Q1 results
Aug 16,2016

Cipla reported 43.74% fall in consolidated net profit to Rs 365.24 crore on 6.94% fall in total income to Rs 3618.92 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 12 August 2016. Earnings before interest, taxation, depreciation and amortization (EBITDA) fell 42% to Rs 611 crore in Q1 June 2016 over Q1 June 2015.

Cipla said that the growth momentum in key markets - India, South Africa and the US with focused cost containment measures has resulted in enhanced profitability in the base business. The recent acquisitions of InvaGen Pharmaceuticals Inc. and Exelan Pharmaceuticals Inc. are EBITDA margin-accretive at a consolidated level with the integration plans progressing smoothly. The company is preparing itself for the future with focused investments in R&D as well as portfolio build-up through strategic inorganic moves. The quarter also saw an improvement in cash flows on account of operational efficiencies, Cipla said.

PowerGrid Corporation of India will announce its Q1 results today, 16 August 2016.

Mahindra & Mahindra (M&M) announced after market hours on Friday, 12 August 2016 that the proactive inspection of the rear driveshaft on all Rexton vehicles, manufactured on or before September 2014. The inspection and subsequent rectification will be carried out free of cost for all Rexton customers, who will be individually contacted by the company. Rexton is a auto brand of companys group company, SsangYong Motors of South Korea.

Shares of automobiles and public sector oil marketing companies (PSU OMCs) will be watched as prices of petrol and diesel were reduced with effect from midnight of 15 August 2016. Petrol prices were reduced by Re 1 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Petrol in Delhi reduced to Rs 60.09 a litre. Diesel prices were decreased by Rs 2 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Diesel in Delhi reduced to Rs 50.27 a litre.

Infosys will be watched. The company announced on Saturday, 13 August 2016, that The Royal Bank of Scotland will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), and instead will pursue other options for the divestment of this business. Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months. RBS is a key relationship for Infosys and the company said it looks forward to further strengthening its strategic partnership and working with them across other strategic and transformation programs.

Indiabulls Housing Finance announced before market hours today, 16 August 2016 that the board of directors of the company will consider the proposition of raising the funds by way of a secured and/or unsecured debt issue at its meeting scheduled to be held on 19 August 2016.

Videocon Industries reported net loss of Rs 286.64 crore in Q2 June 2016 compared with net profit of Rs 10.59 crore in Q2 June 2015. Total income fell 12.46% to Rs 2897.17 crore in Q2 June 2016 over Q2 June 2015. The result was announced on Sunday, 14 August 2016.

Aditya Birla Novo turns ex-dividend today, 16 August 2016, for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

SRF turns ex-dividend today, 16 August 2016, for interim dividend of Rs 6 per share for the year ending 31 March 2017 (FY 2017).

KPR Mill turns ex-dividend today, 16 August 2016, for final dividend of Rs 1 per share for the year ended 31 March 2016 (FY 2016).

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Grasim Industries to be watched after announcing Q1 earnings
Aug 12,2016

Grasim Industries consolidated net profit surged 63.55% to Rs 830.22 crore on 9.16% growth in total income to Rs 9278.13 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Grasim Industries board of directors at a meeting held yesterday, 11 August 2016, approved 5-for-1 stock split.

Aditya Birla Nuvos (ABNL) consolidated net profit declined 56.79% to Rs 305.15 crore on 1.62% growth in total income to Rs 3318.68 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Meanwhile, in separate announcements, Grasim Industries and ABNL said that the board of directors of the companies have approved a composite scheme of arrangement between Grasim Industries, ABNL and Aditya Birla Financial Services and their respective shareholders. The announcement was made after market hours yesterday, 11 August 2016.

Among key corporate earnings, Bosch, Hindalco Industries and Sun Pharmaceutical Industries are scheduled to announce their June 2016 quarter earnings today, 12 August 2016.

PTC Indias net profit rose 13.46% to Rs 56.45 crore on 13.53% growth in total income to Rs 3684.05 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

MRFs net profit rose 2.37% to Rs 490.93 crore on 1.01% rise in total income to Rs 3555.53 crore in Q1 June 2016 over Q1 June 2015. The result was announced at the fag end of after market hours yesterday, 11 August 2016.

Rural Electrification Corporation announced that it has fixed 29 September 2016 as the record date for the purpose of ascertaining entitlement of eligibility of shareholders for 1:1 bonus issue of shares. The announcement was made after market hours yesterday, 11 August 2016.

JK Lakshmi Cement reported net profit of Rs 28.64 crore in Q1 June 2016 compared with net loss of Rs 23.48 crore in Q1 June 2015. Total income rose 32.33% to Rs 787.64 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 11 August 2016.

Bharti Airtel said after market hours yesterday, 11 August 2016 that the transaction to acquire rights to use 20 megahertz (MHz) 2300 Band 4G TD spectrum of Aircel has been successfully concluded for Orissa circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines). With this, the company has completed the transaction in 7 out of 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Orissa. Bharti Airtel in April this year said it had acquired rights to use 4G spectrum of Aircel in eight telecom circles.

Piramal Enterprises announced that at the meeting of administrative committee of the board of directors held yesterday, 11 August 2016, the committee approved the issue of secured non-convertible debentures (NCDs) aggregating upto Rs 550 crore on private placement basis. The announcement was made after market hours yesterday, 11 August 2016.

Indiabulls Housing Finance announced that it has allotted secured, redeemable, non-convertible debentures aggregating Rs 1915 crore (Rs 400 crore plus Greenshoe of Rs 1515 crore). The announcement was made after market hours yesterday, 11 August 2016.

S. P. Apparels (SPAL) makes its debut on the secondary equity markets today, 12 August 2016. The company had priced its initial public offer (IPO) at Rs 268 per share, the top end of the Rs 258-268 per share price band for the IPO. SPAL is a leading manufacturer and exporter of knitted garments for infants and children. From the proceeds of the fresh issue, SPAL has earmarked Rs 70 crore towards expansion and modernization of manufacturing facility at Tamil Nadu, Rs 63 crore towards repayment of debt, Rs 27.85 crore towards opening of new stores for sale of Crocodile brand, Rs 4.90 crore towards balancing machinery for existing dyeing unit in Perundurai and rest towards for general corporate purpose. SPALs consolidated profit after tax (PAT) jumped 245% to Rs 34.71 crore on 13% growth in net sales to Rs 532.83 in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Hatsun Agro Product turns ex-dividend today, 12 August 2016 for interim dividend of Rs 1 per share for the year ending 31 March 2017 (FY 2017).

Indian Hotels Company turns ex-dividend today, 12 August 2016 for dividend of Rs 0.30 per share for the year ended 31 March 2016 (FY 2016).

Kajaria Ceramics turns ex-dividend today, 12 August 2016 for dividend of Rs 5 per share for the year ended 31 March 2016 (FY 2016).

L&T Finance Holdings turns ex-dividend today, 12 August 2016 for dividend of Rs 0.80 per share for the year ended 31 March 2016 (FY 2016).

Siemens turns ex-dividend today, 12 August 2016 for interim dividend of Rs 27.50 per share for the year ending 30 September 2016 (FY 2016).

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Grasim Industries in spotlight ahead of Q1 results
Aug 11,2016

Among key corporate earnings, Grasim Industries and Aditya Birla Nuvo are scheduled to announce Q1 June 2016 results today, 11 August 2016.

NTPC announced that it has commissioned a 50 megawatts (MW) capacity of NP Kunta Ultra Mega Solar Power Project at Anantapuram. With this, the commercial capacity of NTPC group has become 45,928 MW. The announcement was made after market hours yesterday, 10 August 2016.

Lupin announced that its US subsidiary Gavis Pharmaceuticals LLC, USA has received final approval for its Potassium Chloride Extended-Release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg) from the United States Food and Drug Administration (USFDA). The drug is a generic equivalent of Upsher-Smith Labs Klor-Con Extended-Release Tablets, 8 mEq and 10 mEq. It is an electrolyte replenisher indicated for the therapeutic use of patients with hypokalemia, with or without metabolic alkalosis; in digitalis intoxication; and in patients with hypokalemic familial periodic paralysis. Klor-Con Extended-Release Tablets, 8 mEq and 10 mEq had annual US sales of $101.3 million as per IMS MAT June 2016 data. The announcement was made after market hours yesterday, 10 August 2016.

Hindustan Copper announced that Balvinder Kumar, Secretary, Ministry of Mines, inaugurated the companys nickel, copper and acid recovery plant in Indian Copper Complex, Ghatsila, Jharkhand yesterday, 10 August 2016. This is the first facility in India to produce nickel metal of LME grade from primary source, Hindustan Copper said in a statement. The announcement was made after market hours yesterday, 10 August 2016.

Indiabulls Real Estates consolidated net profit rose 29.55% to Rs 116.83 crore on 7.07% growth in total income to Rs 894.32 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.

Punj Lloyd reported net loss of Rs 211.39 crore in Q1 June 2016, lower than net loss of Rs 581.84 crore in Q1 June 2015. Total income rose 45.5% to Rs 1010.17 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.

Dilip Buildcon (DBL) makes its debut on the secondary equity markets today, 11 August 2016. The company had priced its initial public offer (IPO) at Rs 219 per share, the top end of the 214-219 per share price band for the issue. DBL is one of the leading road-focused engineering, procurement and construction (EPC) contractors in India. From the proceeds of the fresh issue, DBL has earmarked Rs 430 crore towards repayment of term loans of around Rs 203.60 crore, Rs 200 crore for meeting working capital requirements and rest for general corporate purpose.

DBLs consolidated net profit rose 124% to Rs 196.60 crore on 56% growth in net sales to Rs 4315.40 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015). As of 31 March 2016, the company had order book of Rs 10800 crore. Government contracts accounted for 76.27% of the order book as on 31 March 2016.

Jammu & Kashmir Bank announced after market hours yesterday, 10 August 2016 that the board of directors in a meeting held on 10 August 2016 approved the issue of debt securities namely, unsecured subordinated redeemable non-convertible Basel III compliant tier II bonds in the nature of debentures of face value of Rs 10 lakh each on private placement basis aggregating up to Rs 1000 crore in one or more tranches in the financial year ending 31 March 2017 (FY 2017). The board also approved proposal for seeking approval to the special resolution from the shareholders for the issue.

NESCOs net profit rose 58.64% to Rs 35.07 crore on 13.74% rise in net total income from operations to Rs 54.36 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 10 August 2016.

IFCI announced after market hours yesterday, 10 August 2016 that it has reduced its benchmark rate, IFCI benchmark rate upto one year (IBR - ST) from 9.4% per annum to 9.3% per annum with monthly rests. The new IBR-ST will be effective from 11 August 2016.

Power Finance Corporation (PFC) turns ex-dividend today, 11 August 2016 for final dividend of Rs 0.60 per share for the year ended 31 March 2016 (FY 2016).

Bharti Airtel turns ex-dividend today, 11 August 2016 for final dividend of Rs 1.36 per share for the year ended 31 March 2016 (FY 2016).

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M&M in focus ahead of Q1 results
Aug 10,2016

Mahindra & Mahindra (M&M) is scheduled to announce Q1 June 2016 earnings today, 10 August 2016.

Container Corporation of Indias (Concor) net profit fell 13.88% to Rs 178.48 crore on 6.17% decline in total income to Rs 1408.41 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Power Finance Corporations (PFC) net profit rose 8.64% to Rs 1712.55 crore on 5.91% rise in total income to Rs 7158.66 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

PFCs board of directors gave in-principle approval for the merger of PFC Green Energy (PFC GEL), a wholly owned subsidiary of the company with PFC.

JK Tyre & Industries consolidated net profit declined 14.35% to Rs 100.26 crore on 0.88% growth in total income to Rs 1786.77 crore in Q1 June 2016 over Q1 June 2015. The results for Q1 June 2016 includes working of Cavendish Industries acquired on 13 April 2016 which restarted its operations in mid May 2016. Therefore, results for the quarter are not comparable with previous period. The result was announced after market hours yesterday, 9 August 2016.

Indian Overseas Bank (IOB) reported net loss of Rs 1450.50 crore in Q1 June 2016 compared with net profit of Rs 14.76 crore in Q1 June 2015. Total income declined 12.04% to Rs 5868.44 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

UCO Bank reported net loss of Rs 440.56 crore in Q1 June 2016 compared with net profit of Rs 256.70 crore in Q1 June 2015. Total income declined 8.53% to Rs 4727.93 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Natco Pharmas consolidated net profit rose 69.75% to Rs 47.65 crore on 46.48% rise in total income to Rs 330.38 crore in Q1 June 2016 over Q1 June 2015. The growth in profit for the company was predominantly driven by increased sales of its oncology and hepatitis C products in India. The result was announced at the close of market hours yesterday, 9 August 2016.

Kennametal Indias net profit slumped 54.65% to Rs 7.20 crore on 1.91% decline in net total income from operations to Rs 154.79 crore in Q4 June 2016 over Q4 June 2015. The result was announced after market hours yesterday, 9 August 2016.

Bharat Financial Inclusion announced that the companys President S. Dilli Raj is on leave for two months due to personal reasons. During his absence, M. R. Rao, Managing Director & CEO, will additionally oversee his functions. The announcement was made after market hours yesterday, 9 August 2016.

HCL Technologies turns ex-dividend today, 10 August 2016 for interim dividend of Rs 6 per share for the year ending 31 March 2017 (FY 2017).

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Banking, auto, and realty stocks in spotlight ahead of RBI policy meeting
Aug 09,2016

Interest rate sensitive banking, auto and realty stocks will be watched ahead of the Reserve Bank of Indias (RBI) monetary policy meeting today, 9 August 2016. Purchases of automobiles, including that of cars, utility vehicles and commercial vehicles are substantially driven by financing. Purchases of both residential and commercial property are largely driven by finance. The central bank had left its benchmark repo rate unchanged at 6.5% in its last meeting.

Among key corporate earnings, Adani Ports and Special Economic Zone (APSEZ) and Lupin are scheduled to announce Q1 June 2016 earnings today, 9 August 2016.

Idea Cellulars consolidated net profit slumped 74.21% to Rs 220.41 crore on 7.22% rise in total income to Rs 9552.44 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 8 August 2016.

HDFC after market hours yesterday, 8 August 2016 announced that a committee of the board of directors of the company at its meeting held yesterday, 8 August 2016, approved the entering into definitive agreements for amalgamation of business between HDFC Standard Life Inusrance Company (HDFC Life), Max Life Insurance Company (Max Life) and Max Financial Services (Max Financial) through a composite scheme of srrangement. As a part of the proposed transaction, the life insurance business of Max Financial, currently held through Max Life, would be finally amalgamated with HDFC Life and all other business of Max Financial would be finally amalgamated into Max India. The shares of HDFC Life are proposed to be listed on BSE and the National Stock Exchange of India (NSE) as a consequence of the scheme. Pursuant to the scheme and subject to receipt of the requisite approvals, the shareholding of HDFC in HDFC Life post completion of the proposed transaction would be 42.5% and consequently HDFC Life would cease to be a subsidiary of HDFC.

For the merger of Max Life into Max Financial, shareholders of Max Life will get one share of Max Financial for approximately five shares of Max Life. For the demerger of the life insurance undertaking from Max Financial into HDFC Life, shareholders of Max Financial (post the amalgamation with Max Life), will get 2.33 shares of HDFC Life for each share of Max Financial.

Tata Motors announced that its group global wholesales rose 20% to 88,159 units in July 2016 over July 2015. The announcement was made after market hours yesterday, 8 August 2016.

Rural Electrification Corporation (REC) announced that it has scheduled a board meeting on 11 August 2016, to consider issue of bonus shares. The announcement was made after market hours yesterday, 8 August 2016.

Sun Pharmaceutical Industries (Sun Pharma) announced the extension of its Imatinib Mesylate Savings Card Program beyond 31 July 2016. Sun Pharma launched this program as part of the Imatinib Mesylate launch in February 2016. The program is aimed at delivering greater access to the drug by patients who have commercial insurance, but whose out-of-pocket cost may exceed an affordable amount. The announcement was made after market hours yesterday, 8 August 2016.

Skipper announced after market hours yesterday, 8 August 2016 that the board of directors gave in-principal approval for setting up of a new unit for engineering products and polymer moulded products at Guwahati, Assam, with an investment of around Rs 70 crore. The unit will be the companys fourth unit for engineering products and sixth unit for polymer products. The installed capacity for the proposed unit will be 30,000 tonnes for engineering products and 7,000 tonnes for polymer products.

Shriram Transport Finance Company announced after market hours yesterday, 8 August 2016 that the Allotment Committee - Non-Convertible Debentures (NCDs) of the company in its meeting held on 8 August 2016 approved and allotted 1,100 secured redeemable NCDs of face value of Rs. 10 lakh each, aggregating to Rs 110 crore on private placement basis. The NCDs have tenure of ten years and carry a coupon rate of 8.87% per annum. The NCDs have a call option after 4 years from the date of allotment.

Arvind announced after market hours yesterday, 8 August 2016 that Credit Analysis & Research (CARE) has revised upwards its rating for the companys long-term bank facilities from CARE A+ to CARE AA- and reaffirmed its rating for short-term bank facilities of CARE A1+.

LIC Housing Finance turns ex-dividend today, 9 August 2016 for dividend of Rs 5.50 per share for the year ended 31 March 2016 (FY 2016).

Bharti Infratel turns ex-dividend today, 9 August 2016 for final dividend of Rs 3 per share for the year ended 31 March 2016 (FY 2016).

Heritage Foods turns ex-dividend today, 9 August 2016 for dividend of Rs 3 per share for the year ended 31 March 2016 (FY 2016).

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Hero MotoCorp, Idea Cellular in spotlight ahead of Q1 results
Aug 08,2016

Hero MotoCorp and Idea Cellular are scheduled to announce Q1 June 2016 results today, 8 August 2016.

Asian Paints announced that it is proposing to increase its water based paint manufacturing capacity at its plant situated at Sriperumbudur, Tamil Nadu from 1.4 lakh kilolitres (KL) per annum to 2 lakh KL per annum, subject to necessary approvals. Further, the company is also proposing to alter its product mix to augment the manufacturing capacity of synthetic resins and emulsions at its manufacturing facilities at Ankaleshwar, Gujarat, by around 35,000 metric tonnes, subject to necessary approvals. The details of the capital expenditure for the aforementioned expansion would be intimated on receipt of necessary approvals from the regulatory authorities. None of the promoters, directors, key managerial personnel or their relatives are directly/indirectly interested in the aforesaid proposal. The announcement was made after market hours on Friday, 5 August 2016.

Bharat Electronics net profit fell 52.94% to Rs 36.09 crore on 18.1% decline in total income to Rs 1010.17 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

Bharat Electronics board approved the proposal for buyback of equity shares of the company for a total consideration not exceeding Rs 2171.15 crore at a buyback price of Rs 1,305 per share through a tender offer. The promoters of the company intimated their interest to participate in the proposed buyback.

Tata Coffees consolidated net profit surged 135.57% to Rs 64.10 crore on 21.13% growth in total income from operations to Rs 426.15 crore in Q1 June 2016 over Q1 June 2015. The result was announced on Saturday, 6 August 2016.

Credit Analysis and Researchs (CARE) net profit surged 41.1% to Rs 24.67 crore on 18% growth in total income from operations to Rs 57.15 crore in Q1 June 2016 over Q1 June 2015. The companys EBITDA (earnings before interest, taxation, depreciation and amortization) margin improved to 63.3% in Q1 June 2016 from 52.7% in Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

CAREs MD & CEO D R Dogra said that the company has posted fairly good results in Q1 June 2016. The future course of the economy will guide the progress in the market which will have a bearing on the companys prospects, he said.

CAREs board of directors have appointed Rajesh Mokashi, Deputy Managing Director of the company as the Managing Director and CEO of the company with effect from 22 August 2016 for a period of five years subject to the approval of the shareholders at the ensuing Annual General Meeting.

The board has given its approval for setting up a wholly owned subsidiary company for carrying out advisory, research and training services subject to regulatory approvals.

Caplin Point Laboratories consolidated net profit rose 27.2% to Rs 16.13 crore on 21.32% growth in income from operations to Rs 85.07 crore in the quarter ended 30 June 2016 over the quarter ended 30 June 2015. The result was announced after market hours on Friday, 5 August 2016.

Caplin Point Laboratories board of directors approved for 5-for-1 stock split proposal.

Aegis Logistics consolidated net profit rose 2.81% to Rs 25.97 crore on 1.45% decline in total income from operations to Rs 740.45 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 5 August 2016.

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Vedanta in focus after retrieving import permit
Aug 05,2016

Vedanta said import and transit permits for the companys iron ore business at Goa was re-issued on 3 August 2016. The permit was earlier cancelled on 28 July 2016. The permit states that the company is allowed to import iron ore for domestic self consumption for its pig iron plant in Amona, Goa. The announcement was made after market hours yesterday, 4 August 2016.

UltraTech Cement said it is planning to issue secured redeemable non-convertible debentures (NCDs) worth Rs 425 crore on private placement basis. The announcement was made after market hours yesterday, 4 August 2016.

Parsvnath Developers said that its board will meet on 12 August 2016, to consider the proposal to raise funds by way of issuing non-convertible debentures (NCDs) on private placement basis. The announcement was made after market hours yesterday, 4 August 2016.

Bharat Electronics, Bharat Forge, GlaxoSmithkline Consumer Healthcare, Pfizer, Aegis Logistics, Marico and NDTV are scheduled to announce their June quarter results today, 5 August 2016.

Rollatainers said its board approved splitting each stock into two. The announcement was made after market hours yesterday, 4 August 2016.

JMT Autos board of directors at a meeting held yesterday, 4 August 2016, approved 2-for-1 stock split proposal. The announcement was made after market hours yesterday, 4 August 2016.

Deepak Fertilisers & Petrochemicals Corporation (DFPCL) announced its plan to enhance its nitric acid capacities by setting up a plant at Dahej in Gujarat. Land for this project has already been acquired and the company plans to deploy a state-of-the-art manufacturing facility with an investment of Rs 550 crore. This project is scheduled to be completed by the second half of 2018. With the increased capacity, the company will be able to provide an incremental 1.48 lakh metric tonne per annum (MTPA) nitric acid, DFPCL said. The announcement was made after market hours yesterday, 4 August 2016.

Castrol India turns ex-dividend today, 5 August 2016, for interim dividend of Rs 4.50 per share for the year ending 31 December 2016.

Godrej Consumer Products turns ex-dividend today, 5 August 2016, for interim dividend of Rs 1 per share for the year ending 31 March 2017.

Indiabulls Housing Finance turns ex-dividend today, 5 August 2016, for interim dividend of Rs 9 per share for the year ending 31 March 2017.

ICRA turns ex-dividend today, 5 August 2016, for dividend of Rs 25 per share for the year ended 31 March 2016.

Nestle India turns ex-dividend today, 5 August 2016, for interim dividend of Rs 12 per share for the year ending 31 December 2016.

Voltas turns ex-dividend today, 5 August 2016, for dividend of Rs 2.60 per share for the year ended 31 March 2016.

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Vedanta in focus after restoration of transport permit for transport of iron ore from Karnataka
Aug 05,2016

Vedanta announced that Directorate of Mines and Geology (DMG) of Goa has reissued to the company the permit for transportation of iron ore which was cancelled recently. The permit for the transportation of iron ore from Karnataka to the companys pig iron plant in Goa was cancelled recently by DMG of Goa due to procedural lapses from Vedanta. The company clarified that the delay in restoration of the permit for transport of iron ore from Karnataka to the pig iron plant in Goa is not likely to have any significant adverse impact on the operation of the plant. The announcement was made after market hours yesterday, 4 August 2016.

UltraTech Cement said it is planning to issue secured redeemable non-convertible debentures (NCDs) worth Rs 425 crore on private placement basis. The announcement was made after market hours yesterday, 4 August 2016.

Parsvnath Developers said that its board will meet on 12 August 2016, to consider the proposal to raise funds by way of issuing non-convertible debentures (NCDs) on private placement basis. The announcement was made after market hours yesterday, 4 August 2016.

Bharat Electronics, Bharat Forge, GlaxoSmithkline Consumer Healthcare, Pfizer, Aegis Logistics, Marico and NDTV are scheduled to announce their June quarter results today, 5 August 2016.

Rollatainers said its board approved splitting each stock into two. The announcement was made after market hours yesterday, 4 August 2016.

JMT Autos board of directors at a meeting held yesterday, 4 August 2016, approved 2-for-1 stock split proposal. The announcement was made after market hours yesterday, 4 August 2016.

Deepak Fertilisers & Petrochemicals Corporation (DFPCL) announced its plan to enhance its nitric acid capacities by setting up a plant at Dahej in Gujarat. Land for this project has already been acquired and the company plans to deploy a state-of-the-art manufacturing facility with an investment of Rs 550 crore. This project is scheduled to be completed by the second half of 2018. With the increased capacity, the company will be able to provide an incremental 1.48 lakh metric tonne per annum (MTPA) nitric acid, DFPCL said. The announcement was made after market hours yesterday, 4 August 2016.

Castrol India turns ex-dividend today, 5 August 2016, for interim dividend of Rs 4.50 per share for the year ending 31 December 2016.

Godrej Consumer Products turns ex-dividend today, 5 August 2016, for interim dividend of Rs 1 per share for the year ending 31 March 2017.

Indiabulls Housing Finance turns ex-dividend today, 5 August 2016, for interim dividend of Rs 9 per share for the year ending 31 March 2017.

ICRA turns ex-dividend today, 5 August 2016, for dividend of Rs 25 per share for the year ended 31 March 2016.

Nestle India turns ex-dividend today, 5 August 2016, for interim dividend of Rs 12 per share for the year ending 31 December 2016.

Voltas turns ex-dividend today, 5 August 2016, for dividend of Rs 2.60 per share for the year ended 31 March 2016.

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Siemens in spotlight after winning order
Aug 04,2016

Siemens announced that it has received a crucial order worth Rs 217 crore for Power Grid Company of Bangladesh (PGCB) project from Siemens AG, Germany. The project is a part of India Bangladesh agreement for power exchange as per South Asia Sub Regional Economic Co-operation (SASEC) by Asian Development Bank (ADB). The announcement was made after market hours yesterday, 3 August 2016.

Tata Power Company will announce Q1 June 2016 results today, 4 August 2016.

Bata Indias net profit fell 44.01% to Rs 50.49 crore on 1.01% decline in total income to Rs 685.69 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 3 August 2016.

On a consolidated basis, Cadila Healthcares net profit fell 22.60% to Rs 356.20 crore on 4.33% decline in total income to Rs 2302.40 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 3 August 2016.

Dr. Reddys Laboratories announced that it successfully completed the previously announced acquisition of eight Abbreviated New Drug Applications (ANDAs) in the US from Teva Pharmaceutical Industries and an affiliate of Allergan plc. The acquired portfolio consists of products that are being divested by Teva as a precondition to its closing of the acquisition of Allergans generics business. The portfolio being acquired is a mix of six ANDAs pending approval, one approved ANDA and one ANDA with tentative approval, and comprises complex generic products across diverse dosage forms. The combined sales of the branded versions of the products in the US is approximately $3.5 billion MAT for the most recent twelve months ending in June 2016 according to IMS Health. The announcement was made after market hours yesterday, 3 August 2016.

Auto component firm Motherson Sumi Systems said its board decided to seek shareholders approval to raise over Rs 3500 crore with an objective to enhance long term resources. The company will seek the resolution for preferential allotment of up to 1.78 crore equity shares or issue of foreign currency convertible bonds (FCCB) of an amount of upto Rs 562.50 crore to Sumitomo Wiring System, Japan, it added. Further the resolution seeks to raise an amount up to Rs 3000 crore through qualified institutional placement. This is step towards gearing up for the growth in line with the vision 2020 announced by the company. MSSL has set the target of becoming $18 billion company by 2020, the company said. The announcement was made after market hours yesterday, 3 August 2016.

Apollo Tyres announced that its board will meet on 9 August 2016 to consider issuing non-convertible debentures (NCDs) through private placement. The announcement was made after market hours yesterday, 3 August 2016.

Punj Lloyd announced that its subsidiary Pt Engineering has sold its entire shareholding in its wholly owned subsidiary registered in United Kingdom viz. Simon Carves Engineering to Engineers and Constructors International, Inc, for a cash consideration of $2 million. Simon Carves Engineering contributed 1.73% of the total income of Punj Lloyd during the last financial year. The announcement was made after market hours yesterday, 3 August 2016. Engineers and Constructors International, Inc is a design and engineering company belonging to the Mitsui Group based out of Baton Rouge, Louisiana, US.

NBCC (India) announced that it has secured a total business of about Rs 344.72 crore in the month of July 2016. The announcement was made after market hours yesterday, 3 August 2016.

IRB Infrastructure Developers (IRB Infra) announced that its wholly owned subsidiary AE Tollway incorporated for implementation of Agra Etawah Bypass project has received the appointed date from the competent authority. Accordingly, the special purpose vehicle (SPV) has started construction on the project and also toll collection from 1 August 2016. The announcement was made after market hours yesterday, 3 August 2016.

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HCL Technologies in focus after Q1 results
Aug 03,2016

On a consolidated basis, HCL Technologies net profit rose 1.84% to Rs 2050.78 crore on 5.96% increase in total income from operations to Rs 11336.32 crore in Q1 June 2016 over Q4 March 2016. The result was announced before trading hours today, 3 August 2016.

DLF announced that credit ratings agency ICRA has upgraded its outlook on the companys non-convertible debentures (NCD) and bank facilities to stable from negative. The rating agency has also re-affirmed its long term rating of ICRA A assigned to the companys NCD programme and bank facilities. The announcement was made after market hours yesterday, 2 August 2016.

NHPC announced that the Unit 4 of Teesta Low Dam Project-IV (160 MW) project has been successfully spun at its full RPM on 1 August 2016. The announcement hit the market at the fag end of trading session yesterday, 2 August 2016.

Larsen & Toubro Infotech (L&T Infotech) announced a strategic alliance with Pegasystems. With this partnership, L&T Infotech becomes a Pega Registered Business Partner, enabling it to provide Pega software expertise and implementation services to its clients. L&T Infotech will deliver advanced Business Process Management (BPM) and Business Process Automation (BPA) solutions that optimize efficiencies and accelerate digital transformation programs. The announcement was made after market hours yesterday, 2 August 2016.

BASF India turns ex-dividend today, 3 August 2016, for dividend of Rs 1 per share for the year ended 31 March 2016.

Glenmark Pharmaceuticals turns ex-dividend today, 3 August 2016, for dividend of Rs 2 per share for the year ended 31 March 2016.

MRF turns ex-dividend today, 3 August 2016, for final dividend of Rs 94 per share for the year ended 31 March 2016.

Page Industries turns ex-dividend today, 3 August 2016, for final dividend of Rs 24 per share for the year ended 31 March 2016.

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Hero MotoCorp in focus after decent July sales
Aug 02,2016

Hero MotoCorp (HMCL) announced after market hours yesterday, 1 August 2016, that its total two-wheelers sales rose 9.13% to 5.32 lakh units in July 2016 over July 2015. In July 2016, HMCL commenced retail sales of Splendor iSmart 110 - the first motorcycle to have been completely designed and developed by its in-house R&D team at the state-of-the-art, world class Hero Centre of Innovation and Technology in Jaipur. The initial customer response to the new bike has been positive, the company said. With the above average monsoon and implementation of the seventh pay commission recommendations, the company remains cautiously optimistic about a positive turnaround in the industry in the second half of the year, HMCL said in a statement.

Tata Motors passenger and commercial vehicle sales (including exports) rose 7% to 43,160 vehicles in July 2016 over in July 2015. The companys domestic sales of Tata commercial and passenger vehicles rose 8% to 37,789 units in July 2016 over in July 2015. The companys sales from exports rose 6% to 5,371 units in July 2016 over in July 2015. The announcement was made after market hours yesterday, 1 August 2016.

Passenger car major Maruti Suzuki India (MSIL) announced an increase in prices of select models ranging from Rs 1,500 to Rs 5,000 ex-showroom Delhi with effect from 1 August 2016. In case of newly launched models like Vitara Brezza and Baleno, the prices are being increased by upto Rs 20,000 and upto Rs 10,000 respectively, MSIL said. This price revision is based on factors like segment wise demand, forex movements and strategic objectives of the company, MSIL said in a statement. The announcement was made after market hours yesterday, 1 August 2016.

NTPC announced that its board of directors at a meeting held on Friday, 29 July 2016, approved the issue of secured/unsecured, redeemable, taxable/ tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) upto Rs 15000 crore during the period commencing from the date of passing of Special Resolution in the Annual General Meeting (AGM), to be held on 20 September 2016, till completion of one year thereof or the date of next AGM in the financial year 2017-18 whichever is earlier. The announcement was made after market hours yesterday, 1 August 2016.

Separately, NTPC announced after market hours yesterday, 1 August 2016 that it has commissioned a 50 megawatts (MW) capacity of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuramu on 29 July 2016. With this the installed capacity of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuramu has become 250 MW and that of NTPC Group has become 47,228 MW.

Drug major Lupin announced before trading hours today, 2 August 2016, that its Japanese subsidiary Kyowa Pharmaceutical Industry Co., has entered into a strategic asset purchase agreement with Shionogi & Co., on 1 August 2016, to acquire 21 long-listed products from the Japanese pharma major, effective 1 December 2016, subject to certain closing conditions and regulatory approvals including the transfer of marketing authorization of the products to Kyowa.

With the vision of growing globally as a drug discovery-based pharmaceutical company, Shionogi is focusing its resources on its core therapeutic and marketing areas, while continuing to create innovative medicines to support future growth and to strengthen its business operations. As a part of this growth strategy, Shionogi would transfer 21 long-listed products to Kyowa, the Japanese subsidiary of Lupin. Kyowa is amongst the top 10 Generic companies in Japan and a market leader in Central Nervous System (CNS) space well known for its AMEL brand, in addition to other generic pharmaceutical products in its portfolio. With this acquisition, Kyowa will rank 6th amongst generic companies in Japan. The 21 products cover therapy areas such as Central Nervous System (CNS), Oncology, Cardiovascular and Antiinfectives. These 21 products had sales of 9, 400 million yen ($90 million) collectively on NHI price basis. Under the terms of this agreement, Kyowa will book the sales of the 21 prodcuts after 1 December 2016, and Shionogi will receive 15.4 billion yen from Kyowa.

On a consolidated basis, Tech Mahindras net profit rose 20.5% to Rs 750 crore on 10% increase in revenue to Rs 6921 crore in Q1 June 2016 over Q1 June 2015. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) rose 13.7% to Rs 1029 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 1 August 2016.

On a consolidated basis, Tata Communications net profit fell 3.51% to Rs 41.78 crore on 3.42% decline in total income to Rs 5092.47 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 1 August 2016.

ACC turns ex-dividend today, 2 August 2016 for interim dividend of Rs 11 per share for the year ending 31 December 2016 (FY 2016).

Ambuja Cements turns ex-dividend today, 2 August 2016 for interim dividend of Rs 1.60 per share for the year ending 31 December 2016 (FY 2016).

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L&T, ICICI Bank in focus after Q1 numbers
Aug 01,2016

L&Ts consolidated net profit rose 46% to Rs 610 crore on 9.1% growth in gross revenue to Rs 21874 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 29 July 2016.

L&Ts consolidated order book increased by 8% on year-on-year (YoY) basis to Rs 2.57 lakh crore as on 30 June 2016. International order book constituted 29% of the total order book.

On future business outlook, L&T said that on the international front, the company will continue to target select prospects in the space of core infrastructure and oil & gas sector in the Middle East, Africa and other neighboring countries. The company said it has recently finalised its strategic plan for five years with a focus on profitable growth. L&T said it remains well placed to benefit from emerging opportunities with its execution capabilities and leadership position in various sectors.

ICICI Banks net profit fell 24.99% to Rs 2232.35 crore on 6.06% increase in total income to Rs 16759.51 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Friday, 29 July 2016.

The banks gross non-performing assets (NPAs) stood at Rs 27193.58 crore as on 30 June 2016 as against Rs 26221.25 crore as on 31 March 2016 and Rs 15137.61 crore as on 30 June 2015. The ratio of gross NPAs to gross advances stood at 5.87% as on 30 June 2016 as against 5.82% as on 31 March 2016 and 3.68% as on 30 June 2015. The ratio of net NPAs to net advances stood at 3.35% as on 30 June 2016 as against 2.98% as on 31 March 2016 and 1.58% as on 30 June 2015. The banks provisions and contingencies (excluding tax provisions) rose 163.19% to Rs 2514.52 crore in Q1 June 2016 over Q1 June 2015. Provision coverage ratio of the bank was at 57.1% as on 30 June 2016.

The bank said it continued to achieve robust growth in current and savings account (CASA) deposits. ICICI Banks total CASA deposits increased by 18% to Rs 191348 crore as on 30 June 2016 over 30 June 2015. The banks CASA ratio was 45.1% at 30 June 2016 compared to 45.8% at 31 March 2016 and 44.1% at 30 June 2015. The average CASA ratio was at 41.7% in Q1 June 2016 compared to 40.5% in Q4 March 2016 and 41.1% in Q1 June 2015. Total deposits increased by 15% to Rs 424086 crore at 30 June 2016 over 30 June 2015. The bank had a network of 4,451 branches and 14,073 ATMs at 30 June 2016.

On a consolidated basis, the banks net profit fell 22.17% to Rs 2515.85 crore on 9.03% increase in total income to Rs 24483.75 crore in Q1 June 2016 over Q1 June 2015.

Nestle India reported net profit of Rs 230.84 crore in Q2 June 2016 as against net loss of Rs 64.40 crore in Q2 June 2015. Net sales rose 16.66% to Rs 2256.09 crore in Q2 June 2016 over Q2 June 2015. Results for the quarter and half year ended 30 June 2016 are not entirely comparable with the results of the corresponding periods due to Maggi noodles issue in 2015, the company said in a statement.

The company said its net sales jumped on a base impacted by Maggi noodles issue in 2015. The companys domestic sales increased by 17.5% and exports increased by 7% in Q2 June 2016 over Q2 June 2015.

Suresh Narayanan, chairman and managing director of Nestle India, said it is heartening to see Maggi Noodles rebound to market leadership of about 57% after its reintroduction last November. To harness growth opportunities across all its categories, the company has unleashed significant innovation and renovation efforts by launching over 25 new products in the last couple of months. These launches and more to follow in due course of time, will contribute to the future growth of Nestle India, he added. The result was announced after market hours on Friday, 29 July 2016.

Shares of public sector oil marketing companies (PSU OMCs) and automobile makers will be watched after petrol price was cut by Rs 1.42 a litre and diesel by Rs 2.01 per litre in Delhi (including state levies) with corresponding price revision in other states. The price changes were effective from midnight of 31 July 2016. Petrol will cost Rs 61.09 a litre in Delhi as compared to Rs 62.51 a litre earlier. Similarly, diesel will cost Rs 52.27 per litre as against Rs 54.28 earlier.

NTPC said that its board approved issuing secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs) upto Rs 15000 crore. The announcement was made after market hours on Friday, 29 July 2016.

Advanced Enzyme Technologies (AETL) makes its debut on the secondary equity markets today, 1 August 2016. The company had priced its initial public offer (IPO) at Rs 896 per share -- the top end of the Rs 880-896 per share price band for the IPO. The IPO had received a strong response from investors and the issue was heavily oversubscribed. The IPO of AETL was a combination of a fresh issue of shares and offer from promoter group selling shareholders, investor group selling shareholders and other selling shareholders. AETL is the largest Indian enzyme company engaged in the research & development, manufacturing and marketing of more than 400 proprietary enzyme products developed from 60 indigenous enzymes. AETL ranks among the top 15 global companies in terms of enzyme sales and has the second highest market share domestically, next only to the worlds largest enzyme company Novozymes. AETL is an integrated company with presence across the enzyme value chain, covering the entire range of activities from research & development, commercial-scale manufacturing, to marketing of enzyme products and customized enzyme solutions which enables AETL to be cost effective and competitive.

From the proceeds of the fresh issue, AETL has earmarked Rs 40 crore for investment in Advanced Enzymes USA, a wholly owned subsidiary of the company, for repayment of certain loans availed by Advanced Enzymes USA. The rest Rs 10 crore is for general corporate purpose.

After three years of sluggish performance, AETL posted strong growth in the year ended 31 March 2016 (FY 2016). Consolidated net profit rose 57% to Rs 78.44 crore on 32% growth in net sales to Rs 293.76 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Motherson Sumi Systems said that its board will meet on 3 August 2016 to discuss and evaluate various fund raising options, including capital issuance. The announcement was made on Saturday, 30 July 2016.

Bharat Petroleum Corporation (BPCL) has entered into an agreement for acquiring a 21% stake (on a fully diluted basis) in the share capital of FINO PayTech for a consideration of Rs 251 crore in an all cash deal. The definitive agreements to this effect were signed on 29 July 2016 and the transaction is expected to be completed by 31 December 2016. FINO PayTech is one of the entities to have been granted an in principle approval by the Reserve Bank of India (RBI) for setting up a Payments Bank. FINO Pay Tech is a payments technology solutions provider to banks, financial institutions and MFIs. The result was announced after market hours on Friday, 29 July 2016.

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Eicher Motors may gain on strong Q1 results
Jul 29,2016

Automobiles maker Eicher Motors consolidated net profit surged 58.61% to Rs 376.29 crore on 42.81% growth in total income to Rs 1602.51 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 28 July 2016.

Earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved to 30.2% in Q1 June 2016 from 26.1% in Q1 June 2015.

Commenting on the companys performance Mr. Siddhartha Lal, Managing Director & CEO Eicher Motors said, that Eicher Motors has started the new financial year on strong note and reported its best ever quarter results registering 42% growth and posting the highest ever quarterly income from operations at Rs 1556 crore for Q1 June 2016. In this quarter, EML also recorded its highest ever and best-in-class EBIDTA margin at 30.2%, he added.

Commenting on Royal Enfields performance, Siddhartha said, Royal Enfield has maintained its strong volume growth in Q1 June 2016 and the company continues to take more orders than monthly supply. The response to Himalayan- Royal Enfields first adventure-tourer, has been extremely encouraging and it is now available for booking across the country. The company continues to expand footprint in India with 566 dealerships now open across the country. The companys immediate business outlook remains strong and Royal Enfield continues to grow consistently, competitively and profitably towards leading and expanding the mid-sized motorcycle segment globally, he added.

In Q1 June 2016, Royal Enfield continued with its focus on the overseas markets. In June 2016, Royal Enfield opened its store in Manila, Philippines with its global retail identity. Philippines is among the largest two-wheeler markets in the world. With a large chunk of the population using commuter motorcycles, there is an enormous potential for customers to upgrade to mid-sized motorcycles, a segment in which Royal Enfield operates.

Commenting on VE Commercial Vehicles (VECV)s performance Siddhartha said that VECV demonstrated an impressive performance in Q1 June 2016 with sales of 16,071 units recording a growth of 32.5% over Q1 June 2015. VECV also increased its overall market share to 15.1% in Q1 June 2016, as compared to 13.2% recorded in Q1 June 2015. VECV continues to do well in the sub 5-ton category with the introduction of Pro 1049 where it is currently selling more than 100 trucks every month since its launch in the last quarter. Eicher Motors 50:50 joint venture with Polaris Industries, Eicher Polaris Private Ltd., through its product Multix is generating a lot of interest among its target customers. Multix is now present in 50 locations across 8 states and it continues to gain momentum in its target markets, he further added.

Eicher Motors owns the iconic Royal Enfield motorcycle business which leads the premium motorcycle segment in India. EMLs joint venture with the Volvo group, VE Commercial Vehicles Limited, designs, manufactures and markets reliable, fuel-efficient trucks and buses; and is leading the path in driving modernization in commercial transportation in India and other developing markets

ICICI Bank and Larsen & Toubro are set to announce Q1 results today, 29 July 2016.

UltraTech Cement said it participated in the auction of coal linkages for captive power plant sub-sector and won two linkages of 27,600 tons and 19,700 tons, respectively, from Dipka Mines (SCDG) in Chhattisgarh. The company said that both the linkages were at premium of Rs 150 over notified price of Rs 970 per ton. The company said it intends to participate in the future linkage auctions for its plants located strategically near the coal mines. The announcement was made after market hours yesterday, 28 July 2016.

Indian Bank said it raised Rs 600 crore under Basel III compliant Tier II Bonds on 28 July 2016 with a coupon of 8.10% per annum, tenor at 10 years and call option after completion of 5 years, on private placement basis. The credit rating assigned is CRISIL AAA/Negative and CARE AAA. The announcement was made after market hours yesterday, 28 July 2016.

On 8 March 2016, Indian Bank received an approval from its board for raising Rs 1100 crore in one or more tranches. Later on 31 March 2016, the bank announced raising Rs 500 crore under Basel III compliant Tier I bonds on 30 March 2016.

Manappuram Finance said it raised Rs 140 crore on 28 July 2016 by allotting 1,400 secured redeemable non-convertible debentures by way of private placement. The debentures have face value of Rs 10 lakh each. The announcement was made after market hours yesterday, 28 July 2016.

Muthoot Finances net profit rose 47.56% to Rs 270.26 crore on 13.85% increase in total income to Rs 1300.81 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours yesterday, 28 July 2016.

Shriram Transport Finance Company said it allotted 100 secured redeemable non-convertible debentures (NCD s) of face value of Rs 10 lakh each, aggregating to Rs 10 crore on private placement basis. The announcement was made after market hours yesterday, 28 July 2016.

Jaiprakash Associates said that the principal installment of Rs 33.33 crore and interest of Rs 2.92 crore that became due for payment on 25 April 2016 in respect of 11.75% Non Convertible Debentures, still remains unpaid. The announcement was made after market hours yesterday, 28 July 2016.

The board of Somany Ceramics has approved increasing investment in paid up share capital of Vintage Tiles to 50% from 26%. The board also approved expanding the companys current capacity from 2.99 million square metres (msm) per annum to 4.80 msm per annum for polished vitrified tiles (double charge). The announcement was made after market hours yesterday, 28 July 2016.

Take Solutions said that the securities issue committee of the board approved allotment of 1.08 crore equity shares of face value Re 1 each to eligible qualified institutional buyers (QIB) at the issue price of Rs 166.10 per equity share, aggregating to Rs 179.99 crore. The announcement was made after market hours yesterday, 28 July 2016.

L&T Infotechs consolidated net profit rose 3.3% to Rs 235.80 crore on 0.2% drop in revenue to Rs 1550 crore in Q1 June 2016 over Q4 March 2016. The result was announced after market hours yesterday, 28 July 2016.

Sanjay Jalona, Chief Executive Officer & Managing Directorsaid that with over 4% sequential growth in services revenue and close to 22% of companys projects in Digital technologies, the company has seen growth across verticals.

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