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Gavita India commences commercial production of lead metal
Jan 05,2017

Gavita India has commenced commercial production of lead metal from its recycling plant situated at Chittoor, Andhra Pradesh. This plant is having a capacity of 12000 MTPA. The projected cost for this plant is Rs 25 crore for which approx. Rs 15.46 crore is funded by way of secured term loan from Punjab National Bank and balance from internal accruals of the Company.

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IP Rings hits record high after fixing rights entitlement terms
Jan 05,2017

The announcement was made after market hours yesterday, 4 January 2017.

Meanwhile, the S&P BSE Sensex was up 192.06 points or 0.72% at 26,825.19.

On the BSE, 51,000 shares were traded on the counter so far as against the average daily volume of 3,360 shares in the past one quarter. The stock had hit a high of Rs 240.10 so far during the day, which is a record high for the counter. The stock hit a low of Rs 205 so far during the day.

The stock had hit a 52-week low of Rs 91 on 5 January 2016. It had underperformed the market over the past one month till 4 January 2017, sliding 12.98% compared with the Sensexs 1.53% rise. The scrip had, however, outperformed the market in past one quarter, declining 3.98% as against the Sensexs 6% fall.

The small-cap company has equity capital of Rs 7.04 crore. Face value per share is Rs 10.

IP Rings board approved rights issue in the ratio of four rights equity shares for every five equity shares held on the record date i.e. 16 January 2017. The rights issue price was fixed at Rs 88.75 per share.

IP Rings reported net loss of Rs 1.40 crore in Q2 September 2016, higher than net loss of Rs 0.45 crore in Q2 September 2015. Net sales rose 56.8% to Rs 42.27 crore in Q2 September 2016 over Q2 September 2015.

IP Rings is an automotive components manufacturer.

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Insilco resumes plant operations
Jan 05,2017

Insilco announced that the Plant operations have been restarted from 04 January 2017.

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VST Industries to announce Q3 and 9M results
Jan 05,2017

VST Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 20 January 2017, inter-alia to consider and approve the unaudited financial results of the Company for the quarter and nine months ended 31 December 2016.

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Tata Elxsi partners with DiSTI Corporation Florida, USA
Jan 05,2017

Tata Elxsi announced its partnership with DiSTI Corporation Florida, USA, the creators of user interface tool, GL Studio. This partnership will help the continued effort to provide bestin-class user interface solutions to the Companys automotive clients delivering high end HMI design, innovative and appealing visual content for futuristic displays in vehicles.

As the first step of this partnership, Tata Elxsi has developed an integrated e-cockpit solution with IVI, IC, HUD, and ADAS features, all integrated on a single Renesas R-Car H3 platform, with the UX developedcompletely using DiSTIs GL Studio. This solution will be on showcase at the Tata Elxsi and DISTI booths at CES 2017 in Las Vegas.

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United Bank of India revised MCLR rates
Jan 05,2017

United Bank of India has revised downwards the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 06 January 2017 as under -

Overnight - 8.30%
One month - 8.35%
Three month - 8.45%
Six month - 8.65%
One year - 8.80%.

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United Bank of India revised MCLR rates
Jan 05,2017

United Bank of India has revised downwards the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 06 January 2017 as under -

Overnight - 8.30%
One month - 8.35%
Three month - 8.45%
Six month - 8.65%
One year - 8.80%.

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Transcorp International to consider Q3 and 9M results
Jan 05,2017

Transcorp International announced that the next Board meeting of Board of Directors of the Company will be held on 21 January 2017 to consider inter alia the un-audited financial results for the quarter and nine months ended 31 December 2016.

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Board of Indoco Remedies to consider December quarter results
Jan 05,2017

Indoco Remedies announced that a meeting of the Board of Directors will be held on 27 January 2017, inter-alia, for taking on record the un-audited financial results for the quarter ended 31 December 2016.

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Chennai Petroleum Corporation to announce Q3 results
Jan 05,2017

Chennai Petroleum Corporation announced that a Board Meeting of the Company is scheduled on 23 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the third quarter ended 31 December 2016.

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Petron Engineering hardens after winning order
Jan 05,2017

The announcement was made after market hours yesterday, 4 January 2017.

Meanwhile, the BSE Sensex was up 159.62 points, or 0.60%, to 26,792.75.

More than usual volumes were witnessed on the counter. On the BSE, 13,618 shares were traded in the counter so far, compared with an average volume of 4,228 shares in the past one quarter. The stock had hit a high of Rs 154.05 and a low of Rs 146 so far during the day. The stock had hit a 52-week high of Rs 273.50 6 January 2016. The stock had hit a 52-week low of Rs 122 on 21 November 2016.

The stock had underperformed the market over the past one month till 4 January 2017, falling 5.69% compared with Sensexs 1.53% gains. The stock had also underperformed the market in past one quarter, declining 24.23% as against Sensexs 6% decline.

The small-cap company has equity capital of Rs 7.54 crore. Face value per share is Rs 10.

The letter of intent is for civil work of plant building and silos and miscellaneous work at Shree Cements Orissa grinding project at village, Chandrabali, District, Cuttack, Orissa for contract value of around Rs 33 crore.

Petron Engineering Construction reported net loss of Rs 3.04 crore in Q2 September 2016 as against net profit of Rs 1.02 crore in Q2 September 2015. Net sales fell 23.3% to Rs 86.97 crore in Q2 September 2016 over Q2 September 2015.

Petron Engineering Construction executes projects in diversified sectors like refineries (reformers and crackers), oil & gas, power, cement, fertilizer & petrochemical including specialized insulation & refractory work, fabrication work along with electrical & instrumentation work.

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Wipros Digital TV Middleware Solution power Hisense 4K TVs in Japan
Jan 05,2017

Wipro announced that its Digital TV Middleware Solution has successfully enabled Hisense 4K TVs in Japan. Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.

As a part of its engagement with Hisense, Wipro integrated its market ready software stake with Hinsenses 4K TV product portfolio. It also helped the company accelerate the product development lifecyle of its recently launched product variants of 4k LCD TV.

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Wipros Digital TV Middleware Solution powers Hisense 4K TVs in Japan
Jan 05,2017

Wipro announced that its Digital TV Middleware Solution has successfully enabled Hisense 4K TVs in Japan. Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.

As a part of its engagement with Hisense, Wipro integrated its market ready software stake with Hinsenses 4K TV product portfolio. It also helped the company accelerate the product development lifecyle of its recently launched product variants of 4k LCD TV.

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Wipro gains as the firms IT solution enables clients operations in Japan
Jan 05,2017

The announcement was made before market hours today, 5 January 2017.

Meanwhile, the S&P BSE Sensex was up 159.18 points or 0.6% at 26,792.31.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volume of 87,000 shares in the past two weeks. The stock had hit a high of Rs 483.90 and a low of Rs 476.10 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016. It had outperformed the market over the past one month till 4 January 2017, advancing 3.4% compared with the Sensexs 1.53% rise. The scrip had also outperformed the market in past one quarter, sliding 1.19% as against the Sensexs 6% fall.

The large-cap company has equity capital of Rs 486.17 crore. Face value per share is Rs 2.

Hisense Co. is a multinational white goods, brown goods and electronics manufacturer. The Wipro solution supports Hisense 4k TV product features ISDB-T/S Broadcast and HD-PVR to enable a premium viewing experience for customers.

Wipros consolidated net profit rose 0.9% to Rs 2070.40 crore on 1.45% rise in net sales to Rs 13896.80 crore in Q2 September 2016 over Q1 June 2016.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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L T Foods advances after fixing record date for stock split
Jan 05,2017

The announcement was made after market hours yesterday, 4 January 2017.

Meanwhile, the BSE Sensex was up 182.28 points, or 0.68%, to 26,815.41.

On the BSE, 2,344 shares were traded in the counter so far, compared with an average volume of 6,355 shares in the past one quarter. The stock had hit a high of Rs 324 and a low of Rs 321.05 so far during the day. The stock had hit a record high of Rs 331 on 3 January 2017. The stock had hit a 52-week low of Rs 180 on 12 February 2016.

The stock had outperformed the market over the past one month till 4 January 2017, gaining 19.11% compared with Sensexs 1.53% gains. The stock had also outperformed the market in past one quarter, advancing 19.62% as against Sensexs 6% decline.

The small-cap company has an equity capital of Rs 26.66 crore. Face value per share is Rs 10.

On a consolidated basis, net profit of L T Foods rose 9.4% to Rs 25.01 crore on 20.4% rise in net sales to Rs 829.24 crore in Q2 September 2016 over Q2 September 2015.

L T Foods offers branded basmati rice, value-added staples and organic food. L T Foods operations include contract farming, procurement, storage, processing, packaging and distribution. It is also engaged in research and development to add value to rice and rice food products.

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