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NBCC (India) gains after good business in March 2017
Apr 19,2017

The announcement was made after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was up 11.06 points, or 0.04% to 29,330.16.

On the BSE, 40,000 shares were traded in the counter so far, compared with average daily volumes of 2.46 lakh shares in the past one quarter. The stock had hit a high of Rs 184.90 and a low of Rs 182.75 so far during the day.

The stock hit a record high of Rs 199.57 on 5 October 2016. The stock hit a 52-week low of Rs 117.73 on 24 June 2016.

The stock had outperformed the market over the past one month till 18 April 2017, rising 2.81% compared with 0.68% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.83% as against Sensexs 7.56% rise.

The large-cap company has equity capital of Rs 180 crore. Face value per share is Rs 2.

In a separate announcement after market hours yesterday, 18 April 2017, the company announced that it signed memorandum of business exploration on 17 April 2017 with BOLIX SA, Poland for joint cooperation to promote external thermal insulation and composite system (ETICS) for construction of energy efficient and environment friendly green buildings.

On a consolidated basis, NBCC (India)s net profit rose 15.9% to Rs 64.42 crore on 4% increase in net sales to Rs 1413.77 crore in Q3 December 2016 over Q3 December 2015.

NBCC (India) is a blue-chip Government of India (GoI) Navratna Enterprise under the Ministry of Urban Development, in construction sector. The GoI held 75% stake in the firm (as per shareholding pattern as on 22 February 2017).

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IndusInd Bank to raise Rs 1000 crore
Apr 19,2017

IndusInd Bank announced that the Finance Committee of the Board has, in its meeting held on 18 April 2017, approved the allotment of 10,000 Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakh each for cash aggregating to Rs.1,000 crore on Private Placement basis. The aforesaid Bonds will be issued in dematerialised form and will be listed on the Wholesale Debt Market (WDM) segment of National Stock Exchange of India.

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Glenmark Pharmaceuticals receives tentative approval for Dabigatran Etexilate Capsules
Apr 19,2017

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been grantedtentative approval by the United States Food & Drug Administration (U.S. FDA) for Dabigatran Etexilate Capsules, 75 mg, 110 mg and 150 mg, the generic version of Pradaxan++ Capsules, 75 mg, 110 mg and 150 mg of Boehringer Ingelheim Pharmaceuticals, Inc.

According to IMS Health sales data for the 12 month period ending February 2017, the Pradaxan++ Capsules, 75 mg, 110 mg and 150 mg market1 achieved annual sales of approximately $913 million.

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TCS declines after weak Q4 results
Apr 19,2017

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P BSE Sensex was down 10.98 points or 0.04% at 29,308.12.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 99,226 shares in the past one quarter. The stock had hit a high of Rs 2,285 and a low of Rs 2,255 so far during the day.

The stock had hit a 52-week high of Rs 2,740 on 16 August 2016 and a 52-week low of Rs 2054.70 on 15 November 2016. It had underperformed the market over the past one month till 18 April 2017, sliding 8.64% compared with the Sensexs 1.11% fall. The scrip had also underperformed the market over the past one quarter, advancing 0.59% as against the Sensexs 7.56% rise.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Rs 1.

Commenting on the companys performance in FY 2017, Rajesh Gopinathan, CEO and MD, TCS, said, FY17 was a year of broad-based growth amidst economic and political turbulence in the companys key markets. The company has added $1.4 billion dollars in constant currency revenues during the year and increased its digital revenues sharply as it helped its customers leverage the digital economy, he said.

Gopinathan added that on the back of digital adoption, Agile, Automation and Cloud are the themes that the company is going to market to drive efficiencies and predictable outcomes across its clients infrastructure, applications and business operations.

V. Ramakrishnan, Chief Financial Officer, TCS, said, despite headwinds from currencies, the company has ended FY 2017 with an industry-leading financial performance while generating strong cash flows. It continues to invest to support organic growth of its digital business, build new market segments and drive profitability in its targeted range, he said.

TCS consolidated net profit rose 8.6% to Rs 26289 crore on 8.6% growth in revenue to Rs 117966 crore in FY 2017 over FY 2016.

TCS board approved final dividend of Rs 27.50 per share for the year ended 31 March 2017 (FY 2017).

TCS is an IT services, consulting and business solutions organization.

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Indian Nutraceuticals industry to touch US$ 8.5 billion by 2022: study
Apr 19,2017

Indian nutraceuticals market is expected to cross from a value of US$ 2.8 Billion in 2015 to a value of US$ 8.5 Billion by 2022, according to the joint study brought out by ASSOCHAM and RNCOS.

In 2015, India accounted for a share of around 2% of the global market. By 2022, this share is anticipated to increase to a value of approximately 3% owing to countrys large population base, increasing urban belt and awareness, according to a study on Indian Nutraceuticals, Herbals, and Functional Foods Industry, jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and RNCOS.

The overall market is classified into Dietary Supplements and Functional Food & Beverages, with the former estimated to occupy the larger chunk of around 65% in 2015. Functional food & beverages are expected to grow with a higher growth rate. This is due to the increasing visibility of such products in modern retail formats and promotional activities through TV advertisements.

In 2015, the Indian dietary supplements market was valued at US$ 1.8 Billion. However, with growing awareness, number of people opting for dietary supplements on their own has also increased. Higher purchasing power has prompted Indians to be more health conscious and adopt a healthy diet routine completed with consumption of nutritional supplements, said Mr. D S Rawat, Secretary General ASSOCHAM.

The demand for the vitamin and mineral supplements may increase in the future due to the unhealthy eating habits and stress in daily lifestyle. People may benefit from the extra nutrients found in these supplements. A multivitamin and mineral supplement will help in safeguarding against periodic nutrient shortfalls in the diet. Due to these reasons the vitamin and mineral market in India is anticipated to grow in the coming years and reach a value of US$ 2.1 Billion by 2022, adds the study.

Herbal supplements are type of dietary supplements that contain herbs plant or parts of a plant. These plants or plant parts are used for their scent, flavour or potential therapeutic properties. The flowers, leaves, bark, fruit, seeds, stems, and roots of a plant are used either singly or in mixtures. However, some herbs can cause serious health issues if they are not taken without prior consultation. Therefore, it is best to take herbal supplements under the guidance of a medical professional.

In 2015, the market for herbal supplements was at an approximate value of US$ 0.6 Billion in India. Owing to their natural ingredients and popularity among people, this market is forecasted to reach a value of US$ 1.7 Billion by 2022, noted the study.

Functional foods and beverages market in India has strengthened itself, fostered by its rising penetration amongst health conscious people in the country. Functional foods include food products such as functional biscuits, breads, cereals, vegetable oil, nutrition bars, yogurt and others. Functional beverages include functional fruits juices, milk, tea, coffees, and energy drinks. Rising knowledge about wellness and health along with inclining expenditure on food has increased the number of consumers accepting functional foods & beverages. This is propelling the growth of the functional foods and beverages market to reach a value of US$ 3.2 Billion by 2022.

Additionally, protein drinks have also showcased an increasing demand from a segment of people searching for weight management solutions while maintaining a sound lifestyle. Functional teas and coffees are slowly capturing the demand in the country.

The Indian Functional Foods and Beverages market can be segmented into Functional Foods Market and Functional Beverages Market. Among the two, functional foods occupy the major share of 70%. However, convenience, availability of innovative products and health benefits associated with functional beverages are the leading factors influencing the growth of this market.

Functional foods are food products that consist of vital nutrients that go beyond simply nurturing usual growth and development of an individual. These food products are fortified with nutritional and disease preventing qualities. The consumption of such food is done with an intention towards improved wellbeing, prolonged existence and prevention of chronic diseases. The functional foods available in the market include the likes of oats, soy, flaxseed, nutrition bars, probiotic yogurt, fortified baked goods, and fortified edible oils. The market for functional foods was valued at US$ 0.7 Billion in 2015. This market is forecasted to grow to an approximate value of US$ 2 Billion by 2022 owing to the increasing health consciousness of people and their awareness about availability of such products.

A functional beverage is an emerging segment of the Indian nutraceuticals industry that was valued at US$ 0.3 Billion in 2015. Functional beverages, like Yakult, Ocean, Gatorade, are available in the form of energy drinks, vitamin water, fortified milk and buttermilk, and enhanced iced tea, among others. Various companies, including Danone, Dabur, PepsiCo, Coca-Cola, Amul, Britannia and Rasna, are introducing innovative beverages with enhanced nutritional value in order to woo the health conscious Indian consumers. The market for this type of beverages is forecasted to reach an approximate value of US$ 1.1 Billion by 2022. This exponential growth will be majorly due to the erratic eating habits of people and their efforts to make-up for the lost nutrients with the help of these easy-to-consume fortified beverages.

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TCS in focus after announcing Q4 results
Apr 19,2017

TCS consolidated net profit as per international financial reporting standards (IFRS) fell 2.5% to Rs 6608 crore on 0.3% decline in revenues to Rs 29642 crore in Q4 March 2017 over Q3 December 2016. The board has approved final dividend of Rs 27.50 per share for the year ended 31 March 2017. The announcement was made after market hours yesterday, 18 April 2017.

Zee Entertainment Enterprises said that it has completed transaction of acquisition of 80% equity stake in Mango Networks (Mango). Mango has allotted 40,000 shares to the company. Upon such allotment, the company holds 80% stake in Mango and consequently Mango haS become a subsidiary of the company. The announcement was made after market hours yesterday, 18 April 2017.

IndusInd Bank said that the Finance Committee of the Board at its meeting held yesterday, 18 April 2017, approved the allotment of Basel III-compliant bonds in the nature of debentures aggregating Rs 1000 crore on private placement basis, towards non-equity regulatory Additional Tier I Capital (AT1 Bonds). The announcement was made after market hours yesterday, 18 April 2017.

Coal India issued clarification to the stock exchanges with respect to news appeared in media on 17 April 2017 titled 177 mines of Coal India downgraded on quality concernsn++. The company said that coal is a heterogeneous mineral, susceptible to qualitative variation particularly in Indian context because of its origin and formation. As per earlier practice, annual declaration of grade proposed by coal companies on the basis of own sample collection and analysis at government accredited laboratories, which was being approved by Coal Controller in due course.

As per statutory provisions, subject of maintenance of grades requires monitoring which is vested with Coal Controller Organization (CCO). Annual declaration of grades is a routine exercise, being carried out by coal companies as per directives and methodology prescribed by CCO, Coal India said. During FY16-17, 52 mines/seams were regarded. Again, during reassessment another 22 mines were regarded, the company said.

During FY17-18, as per directives of government, Coal Controller announced new methodology for declaration of grade. Under revised methodology, sampling and analysis of different seams/loading points was carried out through academic institutions and based on their results, CCO finalized the grades, Coal India said.

Independent certification of coal grade through CC0 and analysis through CIMFR will help Coal India to achieve consumers confidence and satisfaction besides less slippages in future, the company said. Re-calibration of entire grading methodology is also going to help government in its mission to make cheap power available to common person, it added. The announcement was made after market hours yesterday, 18 April 2017.

NBCC (India) said it has secured the total business of Rs 1877 crore in March 2017. The announcement was made after market hours yesterday, 18 April 2017.

SPML Infra said that Prime Minister Narendra Modi along with Vijay Rupani, Chief minister of Gujarat inaugurated the completion of Phase-I of SPML Infra Project - Saurashtra Narmada Avtran Irrigation (SAUNI Yojana) on 18 April 2017 in Botad, Gujarat by formally releasing Narmada water in Krushna Sagar dam.

SPML Infra has substantially completed an important irrigation project- SAUNI Yojana. The announcement was made after market hours yesterday, 18 April 2017.

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Edelweiss Financial Services allots 11,33,100 equity shares
Apr 18,2017

Edelweiss Financial Services has allotted 11,33,100 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company.

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Aditya Birla Nuvo allots 1771 equity shares
Apr 18,2017

Aditya Birla Nuvo has allotted 1,771 equity shares of Rs. 10 each on 18 April 2017, pursuant to exercise of stock options under Employee Stock Option Scheme 2013.

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Zee Entertainment Enterprises acquires 80% stake in Margo
Apr 18,2017

Zee Entertainment Enterprises has completed the acquisition of 80% equity stake in Margo and consequently Margo has become a subsidiary of the Company.

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Tata Consultancy Services announces change in company secretary
Apr 18,2017

Tata Consultancy Services announced that Suprakash Mukhopadhyay, Global Treasury Head and Company Secretary will be transferred to Tata Sons and will join the Chairmans office, reporting to Chairman and that the Board had appointed Rajendra Moholkar as the Company Secretary and Compliance Officer Designate.

The Board of Directors at its meeting held on 18 April 2017 has appointed Rajendra Moholkar as the Company Secretary and Compliance Officer of the Company, to take over from Suprakash Mukhopadhyay on his relinquishing the office of the Company Secretary and Compliance Officer of the Company on 24 April 2017.

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Bodhtree Consulting secures order worth Rs 18.27 crore
Apr 18,2017

Bodhtree Consulting has received order worth Rs 18.27 crore from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Co., Jabalpur to provide Annual Technical Support (ATS) for the software products of ESRI, Microsoft, Protocol Automation India and McAfee.

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NBCC (India) secures total business of Rs 1877 crore
Apr 18,2017

NBCC (India) has secured total business of Rs 1877 crore in the month of March 2017.

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NBCC (India) signs Memorandum of Business Exploration with BOLIX SA, Poland
Apr 18,2017

NBCC (India) has signed Memorandum of Business Exploration (MOBE) on 17 April 2017 with BOLIX SA, Poland for Joint Cooperation to promote External Thermal Insulation and Composite System (ETICS) for construction of energy efficient and environment friendly Green Buildings.

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ICICI Bank allots 64,200 equity shares
Apr 18,2017

ICICI Bank has allotted 64,200 equity shares under ESOS on 17 April 2017.

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JMG Corporation announces cessation of director
Apr 18,2017

JMG Corporation announced that Akansha Mishra has resigned from the position of Woman Director of the Company with effect from 17 April 2017.

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