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Tata Consultancy Services partners with Canada based VersaCold Logistics Services
Dec 27,2016

Tata Consultancy Services announced that VersaCold Logistics Services, Canadas largest end-to-end supply chain solutions company for temperature-sensitive products, has selected TAPn++, TCS procure to pay cloud solution, to manage their operating costs with greater efficiency.

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Uni Abex Alloy Products announces cessation of director
Dec 27,2016

Uni Abex Alloy Products announced that P. Subrahmanyam Independent Director of the Company, has stepped down from the Board and its Committees with immediate effect.

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Akzo Nobel India inaugurates specialities coatings production facility and colour laboratory
Dec 27,2016

Akzo Nobel India has inaugurated the first-of-its-kind specialities coatings production facility and colour laboratory in Noida, Uttar Pradesh to serve its customers in the consumer electronic, automobiles and cosmetic industries.

With an investment of Rs 3 crore, the new site will manufacture 600 kl of coatings annually.

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Shilpa Medicare appoints company secretary & compliance officer
Dec 27,2016

Shilpa Medicare announced that Madhusudhan Reddy has been appointed as Company Secretary and Compliance Officer of the Company w.e.f. 26 December 2016.

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Team Lease Services signs agreement to sell two subsidiaries
Dec 27,2016

Team Lease Services announced that on 27 December 2016 the Company has signed an agreement to sale 100% shares of India Tourism and Hospitality Skills Education (ITHS) and National Employability Apprenticeship Services (NEAS).

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Sunil Hitech Engineers bags road EPC project worth Rs 434 crore
Dec 27,2016

Sunil Hitech Engineers has bagged an order worth Rs 434 crore in the State of Arunachal Pradesh for National Highways and Infrastructure Development Corporation on Engineering, Procurement and Construction mode.

The project includes the two laning of Existing Hunli-Anini Road on EPC Basis from Design KM 53.500 to KM 92.500 (Existing KM 56.320 to KM 97.650) in the State of Arunachal Pradesh Under SARDP-NE. This project is in JV with PCL-Eagle Infra India.

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Veronica Production reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Dec 27,2016

Net loss of Veronica Production reported to Rs 0.10 crore in the quarter ended September 2016 as against net profit of Rs 0.13 crore during the previous quarter ended September 2015. Sales declined 55.23% to Rs 2.57 crore in the quarter ended September 2016 as against Rs 5.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.575.74 -55 OPM %-1.175.40 - PBDT-0.030.30 PL PBT-0.100.18 PL NP-0.100.13 PL

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India Power Corporation standalone net profit declines 19.59% in the September 2016 quarter
Dec 27,2016

Net profit of India Power Corporation declined 19.59% to Rs 2.75 crore in the quarter ended September 2016 as against Rs 3.42 crore during the previous quarter ended September 2015. Sales declined 20.07% to Rs 122.94 crore in the quarter ended September 2016 as against Rs 153.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales122.94153.80 -20 OPM %9.5113.64 - PBDT8.679.55 -9 PBT4.065.05 -20 NP2.753.42 -20

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Kanel Industries reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Dec 27,2016

Net Loss of Kanel Industries reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 492.82% to Rs 23.12 crore in the quarter ended September 2016 as against Rs 3.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.123.90 493 OPM %0-1.03 - PBDT0-0.04 100 PBT-0.02-0.06 67 NP-0.02-0.06 67

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Silver Oak (India) reports standalone net loss of Rs 0.17 crore in the September 2016 quarter
Dec 27,2016

Net Loss of Silver Oak (India) reported to Rs 0.17 crore in the quarter ended September 2016 as against net loss of Rs 0.21 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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9.3% Growth in Foreign Tourist Arrivals in November 2016 Over the Same Period in 2015
Dec 27,2016

9.3% growth in Foreign Tourist Arrivals (FTAs) in November 2016 over the same period in 2015. USA accounts for highest share of tourist arrivals followed by UK and Bangladesh in November 2016. Rs. 14, 474/- crore Foreign Exchange earned through tourism in November 2016.

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI) and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India. The following are the important highlights regarding FTAs and FEEs from tourism during the month of November, 2016.

Foreign Tourist Arrivals (FTAs):

n++ FTAs during the Month of November, 2016 were 8.91 lakh as compared to FTAs of 8.16 lakh during the month of November, 2015 and 7.65 lakh in November, 2014. There has been a growth of 9.3% in November, 2016 over November, 2015.

n++ FTAs during the period January- November, 2016 were 78.53 lakh with a growth of 10.4% as compared to the FTAs of 71.14 lakh with a growth of 4.7% in January- November, 2015 over January- November, 2014.

n++ The Percentage share of Foreign Tourist Arrivals (FTAs) in India during November, 2016 among the top 15 source countries was highest from USA (15.53%) followed by UK (11.21%), Bangladesh (10.72%), Canada (4.66%), Russian Fed (4.53%), Australia (4.04%), Malaysia (3.65%), Germany (3.53%), China (3.14%), France (2.88%), Sri Lanka (2.49%), Japan (2.49%), Singapore (2.16%), Nepal (1.46%) and Thailand (1.37%).

n++ The Percentage share of Foreign Tourist Arrivals (FTAs) in India during November 2016 among the top 15 ports was highest at Delhi Airport (32.71%) followed by Mumbai Airport (18.51%), Chennai Airport (6.83%), Bengaluru Airport (5.89%), Haridaspur Land check post (5.87%), Goa Airport (5.63%), Kolkata Airport (3.90%), Cochin Airport (3.29%), Hyderabad Airport (3.14%), Ahmadabad Airport (2.76%), Trivandrum Airport (1.54%), Trichy Airport (1.53%), Gede Rail (1.16%), Amritsar Airport (1.15%), and Ghojadanga land check post (0.82%) .

Foreign Exchange Earnings (FEEs) from Tourism in India in Rs. terms and in US$ terms

n++ FEEs during the month of November, 2016 were Rs. 14,474 crore as compared to Rs. 12,649 crore in November, 2015 and Rs. 11,431 crore in November, 2014.

n++ The growth rate in FEEs in rupee terms during November, 2016 over November, 2015 was 14.4% as compared to the growth of 10.7% in November, 2015 over November, 2014.

n++ FEEs from tourism in rupee terms during January- November, 2016 were Rs. 1,38,845 crore with a growth of 14.7% as compared to the FEE of Rs. 1,21,041 crore with a growth of 9.7% during January- November, 2015 over January- November, 2014.

n++ FEEs in US$ terms during the month of November, 2016 were US$ 2.141 billion as compared to FEEs of US$ 1.912 billion during the month of November, 2015 and US$ 1.853 billion in November, 2014.

n++ The growth rate in FEEs in US$ terms in November, 2016 over November, 2015 was 12.0% compared to the negative growth of 3.2% in November, 2015 over November, 2014.

n++ FEE from tourism in US$ terms during January- November, 2016 were US$ 20.671 billion with a growth of 9.1% as compared to the US$ 18.945 billion with a growth 4.3% during January- November, 2015 over January- November, 2014.

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Asia Pacific Market: Stocks tread water
Dec 27,2016

Asia Pacific share market mostly higher in thin trade on Tuesday, 27 December 2016, with lack of overseas cues left many investors remain on the sideline. MSCIs broadest index of Asia-Pacific shares outside Japan was marginally higher, with Australia, New Zealand and Hong Kong remain shut while those in the US and the UK will resume trading after the Christmas break.

In commodities, oil prices were steady, as markets took a wait-and-see approach to output cuts by both OPEC and non-OPEC producers that are due to start in less than a week. US crude added 0.1% to $US53.10 a barrel. Global benchmark Brent slipped 0.1% to $US55.10.

Among Asian bourses

Nikkei ends tad higher

The Japan share market closed marginally higher in quiet trade. Total 18 out of 33 TSE industry category on the main section gained ground, with Rubber Products, Marine Transportation, Financial Business, Pharmaceutical, and Banks issues being major gainers, while Real Estate, Pulp & Paper, Construction, and Electric Appliances issues being notable losers. The benchmark Nikkei 225 index ended up 0.03%, or 6.42 points, to 19,403.06. The broader Topix index of all first-section issues finished down 0.12%, or 1.92 points, at 1,536.22. Volume on the main board was 1.749 billion shares, compared with 30-day average daily volume of 2.375 billion shares.

Mega-bank groups Mitsubishi UFJ, Mizuho and Sumitomo Mitsui, and insurer Dai-ichi Life were buoyant. Ono Pharmaceutical jumped 5.77% on a media report that the companys president, Gyo Sagara, has revealed a plan to start domestic sales of its Opdivo cancer drug also for stomach cancer treatment. Also on the plus side were mobile phone carriers SoftBank Group and KDDI, and clothing store chain operator Fast Retailing, all heavily weighted components of the Nikkei average.

By contrast, Toshiba Corp plummeted nearly 12% with investors unnerved by a media report that the electronics and machinery giant could additionally book hundreds of billions of yen in loss from its nuclear power plant business in the United States. Mitsubishi Estate, Sumitomo Realty and Mitsui Fudosan also met with selling.

Domestic inflation even measured by the Bank of Japans narrow indicator continues to slow as firms remain cautious about raising prices amid sluggish consumption. The BOJ said Tuesday it estimates that the CPI minus volatile fresh food and energy, which it believes shows a clearer price trend amid low crude oil prices, rose 0.2% on year in November. The pace of increase decelerated further from 0.3% in October and was far below this years peak of 1.0% seen in February. Government data released earlier Tuesday showed the core consumer price index -- which excludes fresh food but includes energy prices -- fell 0.4% on year in November for the ninth straight drop. The pace of decline was unchanged from -0.4% in October as a slower drop in the prices for energy was offset by smaller gains in those for processed food and overseas holiday tours.

China Stocks end inch lower

Mainland China stock market closed inch lower in light trading, as lack of liquidity also dampened market sentiments. However, losses were limited after official government data showing solid profit growth in the nations industrial sector in November. The Shanghai Composite Index dipped 0.25% to 3,114.66 while the CSI 300 Index, which tracks large companies in Shanghai or Shenzhen, closed 0.18% lower at 3,316.39. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.07% to 1,979.73. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 0.27% to close at 1,968.62 points.

Investors concerns about market tighter liquidity reignited after the Peoples Bank of China, through a series of open market operations, withdrew around 150 billion yuan of capital on Tuesday. The central bank has been tightening market liquidity for three days in a row. The bond market was lower. The benchmark 10-year treasury futures for March delivery fell 0.21%, while the five-year treasury futures for March delivery dropped 0.48%. The benchmark 10-year government bond yield rose to 3.165% while the five-year government bond yield dropped to 2.94%. Bond prices move inversely to yield.

Shares particularly in the energy, transportation and telecommunication sectors were among the biggest losers on Tuesday. China Unicom slumped 3.33% to 7.55 yuan, AVIC Aircraft Co dropped 2.0% to 21.12 yuan, while China Eastern Airlines fell 1.87%. China Petroleum & Chemicals shed 1.94%.

Shares of specific themes such as SOE [state-owned enterprise] reform and public private partnership (PPP) continued attracting buying after the China Securities Regulatory Commission and Chinas National Development and Reform Commission said in a joint statement on Monday that China wants to encourage PPP projects to raise funds through asset-backed securitisation (ABS). The new policy gives Chinas infrastructure projects a new way of financing.

Shanghai-listed Longjian Road & Bridge Co locked 10% upper circuit at 7.13 yuan. Long Yuan Construction Group Co shares surged 10% daily limit at 11.37 yuan. Tunnel and bridge designer JSTI Group rose 5.5% to 21.36 yuan and Yunnan Yuntou Ecology and Environment Technology rising 3.19% to 23.60 yuan. Property developer China Vankes A shares ended up 3.37% at 21.42 yuan. Commercial real estate company Shanghai Lujiazui Finance & Trade Zone Development gained 1.52% to 22.73 yuan.

Sensex, Nifty hit almost one-week closing high

Indian benchmark indices logged strong gains led by sharp gains in index heavyweights ITC, Infosys and Reliance Industries (RIL) as bargain hunting emerged after the recent selling. The barometer index, the SandP BSE Sensex, jumped 406.34 points or 1.57% to settle at 26,213.44. The Nifty 50 index gained 124.60 points or 1.58% to settle at 8,032.85. The Sensex regained the psychological 26,000 mark, after moving above that level in mid-afternoon trade. The Nifty also settled above the psychological 8,000 mark, after moving above that level in late trade.

After a positive start, the Indian equity benchmarks kept on gaining ground as trading for the day progressed. FMCG and bank stocks gained on renewed buying. Metal and mining stocks gained on positive economic data in China.

Kaya rose 2.66% after the company said its subsidiary completed acquisition of 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.

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Australia Market shut for a holiday
Dec 27,2016

Australian share market closed on Tuesday, 27 December 2016, for national holiday.

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Nikkei ends tad higher
Dec 27,2016

The Japan share market closed marginally higher in quiet trade on Tuesday, 27 December 2016. Total 18 out of 33 TSE industry category on the main section gained ground, with Rubber Products, Marine Transportation, Financial Business, Pharmaceutical, and Banks issues being major gainers, while Real Estate, Pulp & Paper, Construction, and Electric Appliances issues being notable losers. The benchmark Nikkei 225 index ended up 0.03%, or 6.42 points, to 19,403.06. The broader Topix index of all first-section issues finished down 0.12%, or 1.92 points, at 1,536.22. Volume on the main board was 1.749 billion shares, compared with 30-day average daily volume of 2.375 billion shares.

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China Stocks end inch lower
Dec 27,2016

China Stocks end inch lowerMainland China stock market closed inch lower in light trading on Tuesday, 27 December 2016, as lack of liquidity also dampened market sentiments. However, losses were limited after official government data showing solid profit growth in the nations industrial sector in November. The Shanghai Composite Index dipped 0.25% to 3,114.66 while the CSI 300 Index, which tracks large companies in Shanghai or Shenzhen, closed 0.18% lower at 3,316.39. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.07% to 1,979.73. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, fell 0.27% to close at 1,968.62 points.

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