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Esaar (India) to hold board meeting
Jun 07,2017

Esaar (India) will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Gromo Trade & Consultancy to hold board meeting
Jun 07,2017

Gromo Trade & Consultancy will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Kusam Electrical Industries to hold board meeting
Jun 07,2017

Kusam Electrical Industries will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Banas Finance to hold board meeting
Jun 07,2017

Banas Finance will hold a meeting of the Board of Directors of the Company on 12 June 2017.

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Burnpur Cement to hold board meeting
Jun 07,2017

Burnpur Cement will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Kedia Construction Company to hold board meeting
Jun 07,2017

Kedia Construction Company will hold a meeting of the Board of Directors of the Company on 10 June 2017.

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Lotus Chocolate Company to hold board meeting
Jun 07,2017

Lotus Chocolate Company will hold a meeting of the Board of Directors of the Company on 12 June 2017.

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Sudal Industries to hold board meeting
Jun 07,2017

Sudal Industries will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Good gains for bullions
Jun 07,2017

Bullion metals ended higher at Comex on Tuesday, 06 June 2017. Gold futures on Tuesday posted the highest close since early November, with analysts pinning the gain in part on haven investment demand sparked by Mideast tensions.

Gold for August delivery rose $14.80, or 1.2%, to settle at $1,297.50 an ounce. Prices extended their streak of gains into a third-consecutive session and finished at the highest for a most-active contract since 4 Nov 2016.

July silver rose 12.9 cents, or 0.7%, to $17.71 an ounce.

Weakness in the U.S. dollar, with the ICE U.S. Dollar Index edging down by 0.3%, and some losses among U.S. equities, helped to lift investment demand for gold.

But this week also has brought a rift between Qatar and other Mideast nations, helping to further boost golds appeal as a hedge against uncertainty.

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Nitin Castings to hold board meeting
Jun 07,2017

Nitin Castings will hold a meeting of the Board of Directors of the Company on 10 June 2017.

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Reliance Communications gets revision in credit ratings
Jun 07,2017

Reliance Communications announced that Moodys Investors Service has revised corporate family rating and senior secured bond rating to Ca from Caa1 and outlook is negative. Also Fitch Ratings has revised Companys Long-Term Foreign and Local-Currency Issuer Default Ratings to RD from CCC and revised the bond rating to C/RR4 from CCC/RR4.

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Idea Cellular allots 233,230 equity shares
Jun 07,2017

Idea Cellular has allotted 233,230 equity shares of Rs 10 each under ESOS on 05 June 2017. With this allotment, the equity share capital of the Company stands increased to 3606040941 equity shares of Rs 10 each aggregating to Rs 3606.04 crore.

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Adani Power gains after board OKs spinning out Mundra unit
Jun 07,2017

Meanwhile, the S&P BSE Sensex was up 78.89 points, or 0.25% to 31,269.45.

On the BSE, 2.69 lakh shares were traded in the counter so far, compared with average daily volumes of 20.92 lakh shares in the past one quarter. The stock had hit a high of Rs 28 and a low of Rs 27.55 so far during the day.

The stock hit a 52-week high of Rs 46.30 on 11 April 2017. The stock hit a 52-week low of Rs 23.35 on 9 November 2016.

The stock had underperformed the market over the past one month till 6 June 2017, falling 11.81% compared with 4.23% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 29.22% as against Sensexs 7.92% rise. The scrip had also underperformed the market in past one year, falling 9.02% as against Sensexs 15.48% rise.

The large-cap company has equity capital of Rs 3856.94 crore. Face value per share is Rs 10.

Adani Power announced after market hours yesterday, 6 June 2017, that its board approved a proposal to hive off its flagship Mundra power generating business undertaking, generating 4620 megawatts (MW) of power, to its subsidiary company, namely, Adani Power (Mundra). The transaction will put Mundra undertaking at par with the other operating subsidiaries of the company, with specific strategic focus as well as specific financial arrangements.

On a consolidated basis, Adani Power reported net loss of Rs 4960.53 crore in Q4 March 2017 as against net profit of Rs 1012.19 crore in Q4 March 2016. Net sales declined 16.91% to Rs 6352.23 crore in Q4 March 2017 over Q4 March 2016.

Adani Power is the largest private power producer in India with an installed capacity of 10,480 MW.

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Adani Power rises after board OKs spinning out Mundra unit
Jun 07,2017

Meanwhile, the S&P BSE Sensex was up 78.89 points, or 0.25% to 31,269.45.

On the BSE, 2.69 lakh shares were traded in the counter so far, compared with average daily volumes of 20.92 lakh shares in the past one quarter. The stock had hit a high of Rs 28 and a low of Rs 27.55 so far during the day.

The stock hit a 52-week high of Rs 46.30 on 11 April 2017. The stock hit a 52-week low of Rs 23.35 on 9 November 2016.

The stock had underperformed the market over the past one month till 6 June 2017, falling 11.81% compared with 4.23% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 29.22% as against Sensexs 7.92% rise. The scrip had also underperformed the market in past one year, falling 9.02% as against Sensexs 15.48% rise.

The large-cap company has equity capital of Rs 3856.94 crore. Face value per share is Rs 10.

Adani Power announced after market hours yesterday, 6 June 2017, that its board approved a proposal to hive off its flagship Mundra power generating business undertaking, generating 4620 megawatts (MW) of power, to its subsidiary company, namely, Adani Power (Mundra). The transaction will put Mundra undertaking at par with the other operating subsidiaries of the company, with specific strategic focus as well as specific financial arrangements.

On a consolidated basis, Adani Power reported net loss of Rs 4960.53 crore in Q4 March 2017 as against net profit of Rs 1012.19 crore in Q4 March 2016. Net sales declined 16.91% to Rs 6352.23 crore in Q4 March 2017 over Q4 March 2016.

Adani Power is the largest private power producer in India with an installed capacity of 10,480 MW.

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Zydus Cadila gets USFDA approval to market Mesalamine Delayed - Release Tablets USP, 1.2 g
Jun 07,2017

Zydus Cadila announced that USFDA has given its final approval to market Mesalamine Delayed - Release Tablets USP, 1.2 g in the US market. Zydus Cadila was the first to file an Abbreviated New Drug Application for a generic version of Lialda (mesalamine). The product will be manufactured at the Maurya manufacturing facility.

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