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Vaibhav Global provides update on US subsidiary - Liquidation Channel
Dec 16,2016

Vaibhav Globals US subsidiary Liquidation Channel (LC) has announced that it was named an Owler HOT in 2016 winner in Austin. Liquidation Channel (LC) is an Omni-channel business comprised of a home shopping TV network, an ecommerce business, and an outside sales/wholesale segment.

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Shree Krishna Paper Mills & Industries director resigns
Dec 16,2016

Shree Krishna Paper Mills & Industries announced that the Company has received a resignation letter from L. C. Parashar, Non-Executive Independent Director, resigning from the directorship of Shree Krishna Paper Mills & Industries which has been accepted by the Board with effect from 15 December 2016.

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Alfa Ica (India) appoints company secretary
Dec 16,2016

Alfa Ica (India) announced Sejal Motibhai Kanabi has been appointed as the Company Secretary and Compliance Officer of the Company with effect from 15 December 2016.

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Force Motors temporarily shuts down plants
Dec 16,2016

Force Motors will be undertaking a shutdown for Annual scheduled maintenance for some of its plants from 19 December 2016.

There would not be any adverse impact on the availability of the products in the market due to adequacy of stocks, hence do not envisage any financial impact.

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Quess Corp allots equity shares
Dec 16,2016

Quess Corp announced that, on 16 December 2016, the Company has allotted 42,210 equity shares of Rs.10/- each to the employees who have exercised options under the Companys Employee Stock Option Plan of the Company. The said shares shall rank pari-passu with the existing equity shares of the Company in all respects.

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Anuh Pharma gets approval for manufacturing site for two products
Dec 16,2016

Anuh Pharma announced that following the inspection of manufacturing site of Anuh Pharma at E-17/3 and E-17/4, M.I.D.C. Tarapur, Taluka Palghar, District Thane 401506, Boisar, Maharashtra, India on 16 September 2016 by World Health Organisation (WHO) Geneva for the below mentioned products:

- Pyrazinamide APIMF158

- Sulfadoxine APIMF234

Considers the site in compliance to WHO GMPs for above mentioned Active Pharmaceutical Ingredients.

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Anuh Pharma gets EUGMP Certificate for two products
Dec 16,2016

Anuh Pharma announced that following the inspection of manufacturing site of Anuh Pharma at E-17/3 and E-17/4, M.I.D.C. Tarapur, Taluka Palghar, District Thane 401506, Boisar, Maharashtra, India on 16 September 2016 by French Naional Agency for Medicines and Health Products Safety (ANSM) for the below mentioned products:

- Erythromycin Ethyl Succinate

- Pyrazinamide

Considers the site in compliance with principles of GMP for active substances referred to in Article 47 of Directive 2001/83/EC and has granted EUGMP Certificate for the above mentioned products.

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Balrampur Chini Mills allots equity shares
Dec 16,2016

Balrampur Chini Mills announced that the Company has on 16 December 2016, allotted 3,500 Equity Shares of Rs.1 each of the Company at a price of Rs. 45 per share (including premium of Rs. 44 per share) to the eligible employees on exercise of stock options pursuant to Employee Stock Option Scheme of the Company.

Post the above allotment, the paid-up equity capital of the Company would stand at Rs. 245010467 consisting of 245010467 Equity Shares of Rs. 1 each.

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Swan Energy surges after Gujarat govt invests equity in its LNG port project
Dec 16,2016

The announcement was made during market hours today, 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 24.42 points or 0.12% at 26,485.80.

High volumes were witnessed on the counter. On the BSE, 14.89 lakh shares were traded in the counter so far as against average daily volume of 4.16 lakh shares in the past one quarter. The stock had hit a high of Rs 210.25 and a low of Rs 193.90 so far during the day. The stock had hit a record high of Rs 213.40 on 14 December 2016. The stock had hit a 52-week low of Rs 57.50 on 16 May 2016.

The stock had outperformed the market over the past one month till 15 December 2016, surging 41.79% compared with the 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 204.39% as against Sensexs 6.67% decline.

The mid-cap company has an equity capital of Rs 22.12 crore. Face value per share is Re 1.

Swan Energy is developing Indias first liquified natural gas (LNG) port along with floating and regasification unit (FSRU) near Jafrabad in Gujarat state with a total investment of Rs 5900 crore. A subsidiary company and special purpose vehicle company namely, Swan LNG is implementing this project.

Government of Gujarat has now decided to participate by investing 26% in equity of the LNG port project through Gujarat State Petronet and Gujarat Maritime Board jointly.

Swan Energys net profit jumped 1170.6% to Rs 2.16 crore on 1.6% growth in net sales to Rs 96.09 crore in Q2 September 2016 over Q2 September 2015.

Swan Energy is an emerging green energy company with a pipeline of innovatively structured power projects.

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Bharat Heavy Electricals secures order worth Rs 200 crore
Dec 16,2016

Bharat Heavy Electricals has bagged a major order for the supply of 118 sets of IGBT-based Traction Converters for 3 phases 6000 HP Electric Locomotives.

Valued at Rs 200 crore the order has been placed by Chittaranjan Locomotive Works. The Company has already supplied 225 such IGBT- based Traction Converters, which are under operation with Indian Railways.

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KLG Capital Services announces resignation of company secretary
Dec 16,2016

KLG Capital Services announced Akshika Thakkar has tendered her resignation from the position of Company Secretary and Compliance Officer of the Company with effect from closing hours of 16 December 2016 due to personal reasons.

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Tamilnadu Jai Bharath Mills announces change in directorate
Dec 16,2016

Tamilnadu Jai Bharath Mills announced that D. Senthilkumar, has resigned from Whole Time Director and Executive Director of the Company.

D. Senthilkumar shall continue to be the Director of the Company.

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Palred Technologies provides business update for LatestOne.com
Dec 16,2016

Palred Technologies announced that LatestOne.com has entered into the fashion accessories segment with the launch of a wide assortment of product like wallets, watches and sunglasses.

In the last 3 months, over 100,000 orders in the category of fashion accessories have been processed by LatestOne.com. The target is to process 5,000 orders per day in this category by next financial year

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HUL edges higher after subsidiary sells certain leather business
Dec 16,2016

The announcement was made during market hours today, 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 31.59 points or 0.12% at 26,487.48.

On the BSE, 19,217 shares were traded in the counter so far as against average daily volume of 70,041 shares in the past one quarter. The stock had hit a high of Rs 820.50 and a low of Rs 815.75 so far during the day. The stock had hit a 52-week high of Rs 954 on 9 September 2016. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016.

Hindustan Unilever (HUL) announced that Ponds Exports (PEL), a subsidiary of HUL, engaged in the business of manufacturing of leather products, has entered into an agreement with Hindustan Foods for sale of certain movable assets and inventory with respect to the leather business of PEL.

Hindustan Foods has thus made an entry in the leather shoes exports space with a global clientele.

HULs net profit rose 11.5% to Rs 1095.60 crore on 1.3% rise in net sales Rs 7697.55 crore in Q2 September 2016 over Q2 September 2015.

HUL is a leading fast moving consumer goods (FMCG) company.

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Bank of Maharashtra raises Rs 500 crore
Dec 16,2016

Bank of Maharashtra has successfully raised Rs 500 crore on 15 December 2015 by issue of BASEL III Compliant Unsecured Perpetual Non-Convertible Additional Tier I Bonds on private placement basis.

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