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Portal E-Box launched by WCD Ministry to register online complaints of child sexual abuse
Dec 02,2016

The Ministry of Women and Child Development is providing support for an outreach service under the Integrated Child Protection Scheme (ICPS) for children in distress including children requiring assistance for protection from abuse . This service is available through a dedicated toll free number, 1098 and can be accessed by children in crisis or by adults on their behalf. In addition, National Commission for Protection of Child Rights (NCPCR) has launched a portal E-BOX in August 2016 to register online, complaints of child sexual abuse.

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Torrent Power provides update on scheme of amalgamation
Dec 02,2016

Torrent Power announced that the Company has filed the Certified Copy of Order of Honble High Court of Gujarat, sanctioning the Scheme of Arrangement which provides for the Transfer and vesting of the Solar Energy Undertaking as well as Wind Energy Undertaking of Torrent Solargen by way of slump sale to Torrent Power, with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad on 01 December 2016 and accordingly the Scheme has become effective on 01 December 2016 with Appointed Date being 01 April 2015.

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AstraZeneca Pharma India intimates of extension of distribution arrangements for Meronem
Dec 02,2016

AstraZeneca Pharma India announced the Company has received on 01 December 2016 a notice to extend the date of distribution arrangements for Meronem up to 31 July 2017, during which time the parties shall continue to act in accordance with the terms and conditions of the Agreement. The extension is due to the delay in the divestment of AstraZenecas global rights to Meronem.

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KNR Constructions fixes record date for sub-division of shares
Dec 02,2016

KNR Constructions has fixed Record date as 14 December 2016 for the purpose of sub-division of face value from Rs. 10/- to Rs. 2/-.

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Board of Hubtown to consider Q2 and HY results
Dec 02,2016

Hubtown announced that a meeting of the Board of Directors of the Company will be held on 10 December 2016, inter alia, to consider the Unaudited Standalone Financial Results for the Second Quarter and six months ended 30 September 2016.

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Shilpa Medicare gains after boards nod to raise foreign investment limit
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 239.26 points or 0.9% at 26,320.66.

On the BSE, 9,843 shares were traded on the counter so far as against the average daily volumes of 11,284 shares in the past one quarter. The stock had hit a high of Rs 683.90 and a low of Rs 660.55 so far during the day.

The stock had hit a record high of Rs 686 on 28 November 2016 and a 52-week low of Rs 355 on 20 January 2016.

The mid-cap company has equity capital of Rs 7.71 crore. Face value per share is Rs 1.

Shilpa Medicares board at its meeting held yesterday, 1 December 2016, approved raising of funds up to Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius, at Rs 570 per share, which will be classified as a non-promoter shareholder.

On a consolidated basis, Shilpa Medicares net profit rose 63.9% to Rs 38.24 crore on 21.1% growth in net sales to Rs 209.67 crore in Q2 September 2016 over Q2 September 2015.

Shilpa Medicare is engaged in the business of bulk drugs manufacturing.

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Jindal Drilling & Industries slips as arbitration award passed against company
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 229.57 points, or 0.86%, to 26,330.35.

On the BSE, so far 21,000 shares were traded in the counter, compared with average daily volumes of 14,274 shares in the past one quarter. The stock had hit a high of Rs 184 and a low of Rs 176.05 so far during the day.

The stock hit a 52-week high of Rs 216.55 on 19 October 2016. The stock hit a 52-week low of Rs 102.60 on 12 February 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 4.52% compared with the 3.51% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 7.14% as against Sensexs 6.91% decline.

The small-cap company has equity capital of Rs 14.49 crore. Face value per share is Rs 5.

An arbitration award had been passed against Jindal Drilling & Industries, making it liable to pay $31.76 million with other expenses and interest charges. The company said it is taking necessary steps to contest in relation to the award.

Net profit of Jindal Drilling & Industries declined 3.7% to Rs 9.48 crore on 11.2% rise in net sales to Rs 92.66 crore in Q1 June 2016 over Q1 June 2015. The company will announce Q2 results on 12 December 2016.

Jindal Drilling & Industries is engaged in providing drilling and related services to entities involved in exploration of oil and gas. The company provides offshore drilling for oil & gas, horizontal & directional drilling and mud logging services.

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Bluechip Tex Industries appoints company secretary & compliance officer
Dec 02,2016

Bluechip Tex Industries announced the appointment of Sonal Shukla as Company Secretary and Compliance Officer with effect from 01 December 2016

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Bluechip Tex Industries announces resignation of compliance officer
Dec 02,2016

Bluechip Tex Industries announced that Arun Chokhra, Compliance Officer has resigned with effect from 01 December 2016.

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Hero MotoCorp announces sales figures
Dec 02,2016

Hero MotoCorp reported sales of 479,856 units in the month of November 2016.

Hero MotoCorp, which posted record festive sales this year, saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales. With the slew of measures being implemented by the government, and several initiatives immediatelyundertaken by Hero MotoCorp to support its dealers and consumers, the Company expects the situation to steadily improve.

In the month of November, the Company showcased the Dawn 125 motorcycle at the EICMA Motorcycle Show in Milan. As part of Hero MotoCorps market-specific product strategy, the Dawn 125 motorcycle has been developed specifically for the Africa region.

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Bharat Forge completes acquisition of Walker Forge Tennessee LLC & PMT Holdings Inc. USA
Dec 02,2016

Bharat Forge announced that on 01 December 2016, it has completed acquisition of Walker Forge Tennessee LLC and PMT Holdings Inc. USA through its wholly owned subsidiary, Bharat Forge America Inc. USA for a total consideration of USD 14 million.

With the completion of this transaction, both the acquired companies have become indirect subsidiaries of Bharat Forge with effect from 01 December 2016.

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Hero MotoCorp almost flat after weak November sales
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the BSE Sensex was down 168.42 points, or 0.63%, to 26,391.50.

On the BSE, so far 5,507 shares were traded in the counter, compared with average daily volumes of 30,188 shares in the past one quarter. The stock had hit a high of Rs 3,194.90 and a low of Rs 3,150.50 so far during the day.

The stock hit a record high of Rs 3,739.90 on 8 September 2016. The stock hit a 52-week low of Rs 2,375 on 18 January 2016. The stock had underperformed the market over the past 30 days till 1 December 2016, falling 4.39% compared with the 3.51% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 11.18% as against Sensexs 6.91% decline.

The large-cap company has equity capital of Rs 39.94 crore. Face value per share is Rs 2.

Hero MotoCorp, which posted record festive sales this year, saw a drop in retail sales after the demonetisation initiative when the entire industry also witnessed decline in sales. With the slew of measures being implemented by the government, and several initiatives immediately undertaken by Hero MotoCorp to support its dealers and consumers, the company expects the situation to steadily improve.

In November 2016, the company showcased the Dawn 125 motorcycle at the EICMA Motorcycle Show in Milan. As part of Hero MotoCorps market-specific product strategy, the Dawn 125 motorcycle has been developed specifically for the Africa region.

Net profit of Hero MotoCorp rose 27.7% to Rs 1004.22 crore on 14.2% rise in net sales to Rs 7669.53 crore in Q2 September 2016 over Q2 September 2015.

Hero MotoCorp is the worlds largest two-wheeler manufacturer in terms of production capacity.

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Coal India moves higher after reporting production, offtake numbers
Dec 02,2016

The announcement was made after market hours yesterday, 1 December 2016.

Meanwhile, the S&P BSE Sensex was down 156.04 points or 0.59% at 26,403.88.

On the BSE, 87,000 shares were traded on the counter so far as against the average daily volumes of 3.67 lakh shares in the past one quarter. The stock had hit a high of Rs 311.90 and a low of Rs 307.40 so far during the day.

The stock had hit a 52-week high of Rs 349.85 on 17 August 2016 and a 52-week low of Rs 272.05 on 12 April 2016.

The large-cap company has equity capital of Rs 6316.36 crore. Face value per share is Rs 10.

Coal India and its subsidiaries achieved 93% of targeted production at 50 million tonnes in November 2016. The company achieved 97% of targeted offtake at 48.16 million tonnes in November 2016.

Coal Indias consolidated net profit fell 14.8% to Rs 3065.28 crore on 6.1% decline in net sales to Rs 17796.05 crore in Q1 June 2016 over Q1 June 2015. The company is scheduled to announce its Q2 September 2016 results on 13 December 2016.

State-run Coal India is Indias biggest coal miner. The Government of India currently holds 79.65% stake in Coal India (as per the shareholding pattern as on 30 September 2016).

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Mercator announces change in directorate
Dec 02,2016

Mercator announced that -

1. Prem Rajani has been appointed as (Additional) Independent and Non-Executive Director of the Company for period of 5 years w.e.f 01 December 2016.

2. K. R. Bharat has resigned from the Directorship of the Company w.e.f closure of Business hours of 30 November 2016.

The Board of Directors of the Company accepted and approved the aforesaid appointment and resignation of Directors through Circular Resolution passed on 01 December 2016.

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Outcome of board meeting of Dilip Buildcon
Dec 02,2016

Dilip Buildcon announced that the Board of Directors of the Company at its meeting held on 01 December 2016 has transacted the following -

Considered and reviewed utilisation of funds raised through the IPO.

Considered and approved incorporation of SPV Company for a road project on NH-66 (Kalmath to Zarap section) in State of Maharashtra under NHDP phase -IV on hybrid annuity basis.

Considered and approved the authorisation to provide undertaking to the authority on behalf of the above project.

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