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No additional levy on use of cards at petrol stations says Petroleum Minister
Jan 09,2017

MoS (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at petrol stations. He said that the Government had issued guidelines in February 2016 stating that the Merchant Discount Rate (MDR) charge will not be passed on to the consumers and that the stakeholders will take appropriate steps to absorb the MDR charges.

The Government has stepped in after the issue on levy on digital transaction at petrol stations was raised by association of petrol pump dealers. Shri Pradhan said that there will be no additional levy on digital transaction at petrol stations even after 13 January, 2017. He also said that the Petrol pump transaction fee is a business model between the banks & oil marketing companies which they will resolve.

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Stanrose Mafatlal Investment & Finance to announce Q3 and 9M results
Jan 09,2017

Stanrose Mafatlal Investment & Finance announced that the next Meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to consider the Unaudited Financial Results for the Third Quarter and nine months ended 31 December 2016.

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Board of Unisys Software and Holding Industries to consider Q3 results
Jan 09,2017

Unisys Software and Holding Industries announced that the meeting of Board of Directors of the Company will be held on 14 February 2017, to consider Un-Audited Financial Results (Provisional) for the 3rd quarter ended on 31 December 2016 (Q3) for the financial year ended on 31 March 2017.

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Board of Sankhya Infotech approves change in company secretary
Jan 09,2017

Sankhya Infotech announced that Neha Panmani, Company Secretary of the Company has resigned from the services of the Company w.e.f. 09 January 2017 to pursue future career objectives. The Board of Directors at its meeting held on 09 January 2017 relived her w.e.f. 09 January 2017, the Company places its appreciation for services rendered by Neha Panmani during her association with the Company. Consequent to her resignation as Company Secretary Neha Panmani also ceases to be the Compliance officer of the Company.

Further the Board of Directors at its meeting held on 09 January 2017 appointed Kishwar Fatima as Company Secretary and Compliance Officer of the Company with effect from January 09, 2017 pursuant to the section 203 of Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Board of Tuni Textile Mills to consider Q3 results
Jan 09,2017

Tuni Textile Mills announced that the meeting of Board of Directors of the Company will be held on 01 February 2017, to consider Un-Audited Financial Results (Provisional) for the 3rd quarter ended on 31 December 2016 (Q3) for the financial year ended on 31 March 2017.

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Outcome of board meeting of Kitex Garments
Jan 09,2017

Kitex Garments announced that the Board of Directors at its meeting held on 09 January 2017, has transacted the following:

1. Approved availing an additional Term Loan of Rs. 17 crore under A-TUFS with a tenure of 5 years

2. Approved further investment upto $ 1,000,000 in the Capital of Kitex USA LLC during the 4th Quarter of 2016-17.

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Board of Sudarshan Chemical Industries to consider Q3 and 9M results
Jan 09,2017

Sudarshan Chemical Industries announced that a meeting of the Board of Directors of the Company will be held on 10 February 2017, to approve the Unaudited Financial Results of the Company for the quarter and nine months ended 31 December 2016,

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Ferro Alloys Corporation to announce December quarter results
Jan 09,2017

Ferro Alloys Corporation announced that the meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia, to approve the Un-audited Financial Results of the Company for the quarter ended 31 December 2016.

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LKP Finance to consider Q3 and 9M results
Jan 09,2017

LKP Finance announced that a meeting of the Board of Directors of the Company will be held on 23 January 2017, inter alia, to consider and approve Un-audited Financial Results of the Company for the third quarter and nine months ended 31 December 2016.

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Board of TD Power Systems to consider December quarter and 9M results
Jan 09,2017

TD Power Systems announced that a meeting of the Board of Directors will be held on 02 February 2017, inter alia, to consider the Unaudited Financial Results for the quarter and nine months ended 31 December 2016.

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LKP Securities to consider Q3 and 9M results
Jan 09,2017

The Board of Directors meeting of LKP Securities will be held on 23 January 2017, inter alia, to consider and approve the unaudited Standalone and Consolidated Financial results of the Company for the quarter and nine months ended 31 December 2016.

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LGB Forge to announce Q3 results
Jan 09,2017

LGB Forge announced that a meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and take on record the Un- Audited Financial Results of the Company for the Third Quarter 01 October 2016 to 31 December 2016.

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Export of Oilmeals more than doubled in December 2016 ; down by 13% in April to December 2016
Jan 09,2017

The export of oilmeals during December 2016 has jumped; more than doubled due to large demand of Non-GMO Soybean Meal from France and reported at 194,309 tons compared to 84,218 tons. This was stated by The Solvent Extractors Association of India.

The overall export of oilmeals during April to December 2016 is reported at 856,798 tons compared to 987,842 tons during the same period of last year i.e. down by 13% .

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Skipper drops after twin bulk deals
Jan 09,2017

A bulk deal of shares 16.37 lakh shares was executed on the scrip at Rs 143.30 per share at 14:16 IST on BSE. Another bulk deal of 7.14 lakh shares was executed on the scrip at Rs 142.20 per share at 14:17 IST on BSE.

Meanwhile, the BSE Sensex was down 32.68 points, or 0.12%, to 26,726.55

Bulk deals boosted volume on the scrip. On BSE, 27.65 lakh shares were traded in the counter, compared with average daily volume of 17,241 shares in the past one quarter. The stock hit a high of Rs 146 and a low of Rs 136.70 so far during the day. The stock hit a 52-week high of Rs 205.90 on 7 January 2016. The stock hit a 52-week low of Rs 122 on 29 February 2016.

The small-cap company has an equity capital of Rs 10.23 crore. Face value per share is Re 1.

Net profit of Skipper dropped 25.26% to Rs 22.64 crore on 16.73% rise in net sales to Rs 401.13 crore in Q2 September 2016 over Q2 September 2015.

Skipper manufactures galvanized, polyvinyl chloride, solid, waste, and rain pipes, fittings, transmission and telecom towers, poles, scaffoldings, and hot rolled products.

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ICICI Prudential Life Insurance Company slips on profit booking
Jan 09,2017

Meanwhile, the S&P BSE Sensex was down 48.06 points or 0.18% at 26,711.17

On the BSE, 1.60 lakh shares were traded on the counter so far as against the average daily volumes of 2.01 lakh shares in the past one quarter. The stock had hit a high of Rs 333 and a low of Rs 326 so far during the day.

The stock had hit a record high of Rs 338 yesterday, 6 January 2017. The stock hit a record low of Rs 273.65 on 9 November 2016.

The large-cap company has equity capital of Rs 1435.32 crore. Face value per share is Rs 10.

Shares of ICICI Prudential Life Insurance Company had debuted at Rs 329 on BSE, a discount of 1.50% to the initial public offer price of Rs 334 per share on 29 September 2016.

ICICI Prudential Life Insurance Companys net profit rose 23.93% to Rs 315.79 crore on 5.07% growth in total income to Rs 9144.09 crore in Q2 September 2016 over Q2 September 2015.

ICICI Prudential Life Insurance Company is the largest private sector life insurer in India by total premium and assets under management at 31 March 2016. ICICI Prudential is a joint venture between ICICI Bank and Prudential Corporation Holdings, a part of the Prudential Group, an international financial services group. The company is one of the first private sector life insurance companies in India. It commenced operations in October 2000 and offers a range of life insurance, health insurance and pension products and services.

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