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Samkrg Pistons & Rings to hold AGM
May 13,2017

Samkrg Pistons & Rings announced that the 31st Annual General Meeting (AGM) of the company will be held on 25 September 2017.

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Board of 8K Miles Software Services recommends final dividend
May 13,2017

8K Miles Software Services announced that the Board of Directors of the Company at its meeting held on 10 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 140%) , subject to the approval of the shareholders.

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Board of OCL India recommends final dividend
May 13,2017

OCL India announced that the Board of Directors of the Company at its meeting held on 10 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Swagtam Trading & Services to hold board meeting
May 13,2017

Swagtam Trading & Services will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, approve & adopt Audited Financial Results of Quarter & Year ended 31 March 2017 alongwith half-yearly Statement of Assets & Liabilities as at 31.03.2017 and any other matter with the permission of Chair.

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WPI inflation dips to 3.85% in April 2017
May 12,2017

The Wholesale Price Index (Base: 2011-12=100) inflation dipped to 3.85% in April 2017 as compared to 5.29% (provisional) for the previous month and (-) 1.09% during the corresponding month of the previous year.

The index for primary articles group rose by 0.4% in April 2017 over March 2017. Within the primary articles group, the food articles group index rose by 0.6% due to higher price of beef and buffalo meat (11%), tea (11%), peas/chawali (8%), moong (5%), fruits & vegetables, poultry chicken and pork (2% each) and masur, arhar, bajra, gram and milk (1% each). However, the price of barley (8%), betel leaves (7%), egg (6%), ragi (2%) and wheat, urad and condiments & spices (1% each) declined.

The index for non-food articles group declined by 0.3% due to lower price of raw jute (10%), rape & mustard seed (4%), raw rubber and floriculture (3% each), raw cotton and sunflower (2% each) and cotton seed (1%). However, the prices of castor seed (9%), copra (coconut) (5%), guar seed (4%), raw silk, groundnut seed and soyabean (2% each) and mesta, safflower (Kardi Seed), fodder and gingelly seed (1% each) moved up.

The index for fuel and power major group declined by 1.9% in April 2017 over March 2017 due to lower price of naphtha and furnace oil (7% each), aviation turbine fuel (ATF) (5%), petrol (4%), high speed diesel (HSD) and bitumen (3% each), kerosene (2%) and LPG (1%). However, the prices of coking coal (1%) and petroleum coke (3%) moved up.

The index for manufactured products group remained unchanged at its previous month level in April 2017. Within the group, the Manufacture of Food Products group declined by 0.1% due to lower prices of molasses, soyabean oil, spices (including mixed spices), maida, gram powder (besan) and sunflower oil (1% each). However, the price of salt (2%) and mustard oil, powder milk, basmati rice, gur, bagasse and castor oil (1% each) moved up.

The index for Manufacture of Beverages group rose by 0.1% due to increase price of bottled mineral water.

The index for Manufacture of Tobacco Products group declined by 0.1% due to lower price of other tobacco products (3%). However, the price of biri and cigarette (2% each) moved up.

The index for Manufacture of Textiles group rose by 0.2% due to higher price of fabric, polyethylene, bed linen/bed spread and cotton dyed/printed textile (1% each). However, the prices of woolen woven cloth, terry towel and carpets and other floor coverings of textiles (1% each) declined.

The index for Manufacture of Wearing Apparel group rose by 0.6% due to higher price of manufacture of wearing apparel (woven), except fur apparel (1%).

The index for Manufacture of Leather and Related Products group rose by 0.2% due to higher price of waterproof footwear and canvas shoes (2% each) and gloves of leather (1%).

The index for Manufacture of Wood and Products of Wood and Cork group rose by 0.3% due to higher price of wooden panel, lamination wooden sheets/veneer sheets (1% each).

The index for Printing and Reproduction of Recorded Media group declined by 0.4% due to lower price of hologram (3D) (17%) and printed form & schedule, printed labels/posters/calendars and newspaper (1% each).

The index for Manufacture of Chemicals and Chemical Products group declined by 0.2% due to lower price of poly propylene (PP) (4%), mono ethyl glycol and oleoresin (3% each), insecticide and pesticide and phthalic anhydride (2% each) and polyester film (metalized), explosive, safety matches (match box), poly vinyl chloride (PVC), liquid air & other gaseous products, sodium silicate, plasticizer, ethylene oxide, organic solvent and catalysts (1% each). However, the price of XLPE Compound, adhesive tape (non-medicinal) and hydrogen peroxide (2% each) and ammonia gas, ammonium phosphate, camphor, sulphuric acid, powder coating material, acrylic fibre, agro chemical formulation, paint and shampoo (1% each) moved up.

The index for Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products group rose by 0.1% due to higher price of ayurvedic medicaments and digestive enzymes and antacids (1% each), However, the price of Antipyretic, analgesic, anti-inflammatory formulations(1%) declined.

The index for Manufacture of other Non-Metallic Mineral Products group rose by 0.1% due to higher price of porcelain crockery (1%). However, the price of marble slab (2%) declined.

The index for Manufacture of Basic Metals group rose by 0.1% due to higher price of aluminium powder (2%) and MS bright bars, stainless steel bars & rods, including flats, aluminium castings, lead ingots, bars, blocks plates and MS castings (1% each). However, the price of brass metal/sheet/coils, copper metal/copper rings and copper shapes-bars/rods/plates/strips (1% each) declined.

The index for Manufacture of Fabricated Metal Products, Except Machinery and Equipment group declined by 0.6% due to lower of electrical stamping- laminated or otherwise (8%), stainless steel razor (2%) and steel drums and barrels, steel container and steel door (1% each). However, the price of jigs & fixture (1%) moved up.

The index for Manufacture of Computer, Electronic and Optical Products group rose by 0.1% due to higher price of microscope (5%) and watch (1%).

The index for Manufacture of Electrical Equipment group rose by 0.1% due to higher price of PVC insulated cable and light fitting accessories (2% each) and aluminium/alloy conductor, air coolers, fluorescent tube, electrical relay/conductor, generator parts, batteries and electric mixers/grinders/food processors (1% each), However, the price of microwave oven and connector/plug/socket/holder-electric (3% each), rubber insulated cables (2%) and electric filament type lamps, ACSR conductors and insulating & flexible wire (1% each) declined.

The index for Manufacture of Machinery and Equipment group rose by 0.1% due to higher price of pressure vessel and tank for fermentation & other food processing (3%) and evaporator, soil preparation & cultivation machinery (other than tractors), sugar machinery, chillers and pharmaceutical machinery (1% each). However, the price of solar power system (solar panel & attachable equipment) (3%) and filtration equipment, hydraulic pump and threshers (1% each) declined.

The index for Manufacture of Other Transport Equipment group declined by 1.6% due to lower price of motor cycles (3%).

The index for Manufacture of Furniture group rose by 0.2% due to marginally increase in the price of plastic fixtures.

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CPI inflation dips to 3% in April 2017
May 12,2017

The all-India general CPI inflation dipped to record low of 2.99% in April 2017 (new base 2012=100), compared with 3.89% in March 2017. The corresponding provisional inflation rate for rural area was lower at 3.02% and urban area 3.03% in April 2017 as against 3.75% and 3.96% in March 2017. The core CPI inflation rose plunged to 4.44% in April 2017 from 4.83% in March 2017. The cumulative CPI inflation was lower at 4.52% in April-March FY2017 compared with 4.91% in April-March FY2016.

Among the CPI components, inflation of food and beverages fell to 1.21% in April 2017 from 2.54% in March 2017 mainly contributing to the dip in CPI inflation. Within the food items, the inflation slipped for fruits to 3.78%, pulses and products (-) 15.94%, vegetables (-) 8.59%, sugar and confectionery 11.37%, meat and fish 1.90% and cereals and products 5.06%. The inflation also declined for spices to 1.71%, oils and fats 3.14%, prepared meals, snacks, sweets etc 5.49% and non-alcoholic beverages 3.16%. On the other hand, inflation rose marginally for egg to 3.44% and milk and products 4.74% in April 2017.

The inflation for housing eased marginally to 4.86%, while that for miscellaneous items dipped to 4.25% in April 2017. Within the miscellaneous items, the inflation for transport and communication eased to 4.01%, personal care and effects 4.23%, education 5.32% and recreation and amusement 3.30%, while its was flat for household goods and services at 3.90% in April 2017.

The inflation for clothing and footwear rose slightly to 4.58% in April 2017, while the CPI inflation of fuel and light increased to 6.13% in April 2017.

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GMR Infrastructure enters into agreement for divestment of its Indonesian coal mining entities
May 12,2017

GMR Infrastructure announced that its subsidiaries GMR Energy Netherlands BV. and GMR Infrastructure Overseas have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia for sale of 100% equity shareholding and also Mandatory Convertible Bonds in PT Dwikarya Sejati Utama, PT Duta Surana Internusa, PT Unsoco and PT Barasentosa Lestari. This agreement is subject to statutory approvals.

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HCL Technologies allots 43,320 equity shares
May 12,2017

HCL Technologies has allotted 43,320 Equity Shares of Rs.2/- each, under the 2004 Stock Option Plan of the Company on 12 May 2017. Consequent to the said allotment the paid-up share capital of the Company has gone up to 1,42,69,87,904 equity shares of Rs.2/- each aggregating to Rs. 2,85,39,75,808/-.

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Board of Godrej Agrovet approves proposal for IPO
May 12,2017

The Board of Directors of Godrej Agrovet at its meeting held on 12 May 2017 has granted an approval for the proposed initial public offering of equity shares of face value of Rs 10 each, which may include a fresh issue and an offer for sale of equity shares.

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Khaitan Electricals announces resignation of director
May 12,2017

Khaitan Electricals announced the resignation of Vinod Kumar Rungta as Director of the Company with effect from 12 May 2017.

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ICICI Bank allots 243,550 equity shares
May 12,2017

ICICI Bank has allotted 243,550 equity shares of face value of Rs. 2/- each on 11 May 2017 under the Employees Stock Option Scheme, 2000.

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Board of Suzlon Energy approves allotment of 7,31,58,180 equity shares to FCCB holders
May 12,2017

Suzlon Energy announced that the Board of Directors of the Company at its meeting held on 12 May 2017 has approved the allotment of 7,31,58,180 equity shares of Rs 2 each on conversion of FCCBs. Post the allotment of shares, the paid up capital has increased to 512,79,42,314 equity shares of Rs 2 each.

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Dewan Housing Finance Corporation allots equity shares
May 12,2017

Dewan Housing Finance Corporation has allotted 2 lakh equity shares under ESOS. Consequent to the allotment, the paid up equity share capital of the Company has increased to 31,33,52,205 equity shares of face value of Rs 10 each.

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Bank of Maharashtra appoints director
May 12,2017

Bank of Maharashtra announced the appointment of Vandita Kaul as Government Nominee Director of the Bank with immediate effect in place of Ateesh Singh.

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IFGL Refractories appoints director
May 12,2017

IFGL Refractories announced the appointment of Yuzo Kawatsu (DIN : 07818936) as an Additional Director of the Company has become effective from 11 May 2017.

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