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Kyra Landscapes announces resignation of director
Sep 29,2016

Kyra Landscapes announced that Neeta Dipesh Joshi, Whole-Time Director of the Company, has resigned from the Board of Directors of the Company with effect from 27 September 2016.

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Trilateral Meet between India, Afghanistan and Iran to Take Chabahar Agreement Further
Sep 29,2016

A Trilateral meeting was held between Minister of Road Transport & Highways and Shipping, Sh. Nitin Gadkari, Minister of Transport and Civil Aviation, Afghanistan, Dr. Mohammadullah Batash and Minister of Road and Urban Development, Iran, Dr. Abbas Ahmed Akhoundi in the capital. The three Ministers held discussions on Trilateral Agreement on Establishment of International Transport and Transit Corridor i.e. Chabahar Agreement which was signed by them on 23rd May, 2016 in Tehran in the presence of Prime Minister of India and Presidents of Iran and Afghanistan.

During the meeting the Ministers reiterated the importance of Chabahar as a hub for regional connectivity and their commitment to work towards this objective. It was decided to organize a connectivity event involving all stakeholders at Chabahar within two months to increase awareness about the new opportunities offered by Chabahar Port.

The Ministers expressed satisfaction that the three countries are taking prompt measures for completing internal processes for the ratification of the Agreement. They also exchanged views on the next steps to be taken for an early implementation of the Agreement. It was decided to evolve protocols related to transport and transit, ports, customs procedures and consular affairs. It was also decided to convene an Expert level meeting of senior officials of the three countries within one month in Chabahar.

Development of Ports, Road and Rail connectivity will open up new opportunities leading to new jobs and prosperity in all three countries. Trade is recognized as driving economic growth and development, the implementation of the Agreement would provide the eco-system for the private sector to seize the business opportunities emerging due to substantial reduction of logistic costs for trade among the three countries.

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Yes Bank proposes to raise funds through issue of debt securities
Sep 29,2016

Yes Bank announced that the Bank proposed to raise funds by issuing Senior Unsecured Listed Rated Redeemable Long Term Bonds in the form of debentures amounting to Rs 1000 crore, with a Green Shoe Option for an additional amount of Rs 1500 crore on private placement basis.

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Marksans Pharma corrects on profit booking
Sep 29,2016

Meanwhile, the BSE Sensex was down 258.27 points, or 0.91%, to 28,034.54.

On BSE, so far 32.43 lakh shares were traded in the counter, compared with average daily volume of 8.53 lakh shares in the past one quarter. The stock hit a high of Rs 56.65 and a low of Rs 48 so far during the day. The stock hit a 52-week high of Rs 113.80 on 28 December 2015. The stock hit a 52-week low of Rs 33.45 on 1 March 2016. The stock had outperformed the market over the past 30 days till 28 September 2016, 32.93% compared with 0.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, 15.34% as against Sensexs 4.79% rise.

The small-cap company has equity capital of Rs 40.93 crore. Face value per share is Re 1.

Shares of Marksans Pharma rose 14.73% in three trading sessions to settle at Rs 54.90 yesterday, 28 September 2016, from its close of Rs 47.85 on Friday, 23 September 2016.

The recent rally in shares of Marksans Pharma was triggered by the company announcing during market hours on Monday , 26 September 2016, that US Food and Drug Administration (USFDA) has granted approval to the company for an Abbreviated New Drug Application (ANDA) for Loratadine liquid filled capsules 10 mg. Loratadine liquid filled capsules 10 mg is therapeutically equivalent to the reference listed drug Claritin Liqui-Gels Capsules 10 mg of Bayer Healthcare LLC. Loratadine is an antihistamine that reduces the effects of natural chemical histamine in the body. Loratadine is used to treat sneezing, runny nose, watery eyes, hives, skin rash, itching and other allergy symptoms.

Shares of Marksans Pharma spurted 10.76% to settle at Rs 53 on Monday, 26 September 2016.

Marksans Pharmas consolidated net profit fell 96.76% to Rs 1.02 crore on 11.14% fall in net sales to Rs 186.75 crore in Q1 June 2016 over Q1 June 2015.

Marksans Pharma is engaged in research, manufacturing and marketing of generic pharmaceutical formulation in the global market.

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KDJ Holidayscapes & Resorts gets extension to hold AGM
Sep 29,2016

KDJ Holidayscapes & Resorts announced that the Company has been granted approval from the Registrar of Companies, Maharashtra, Mumbai for extension in holding its Annual General Meeting till 31 December 2016 for the FY 2015-16.

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Board of Arnold Holdings approves issue of bonus equity shares
Sep 29,2016

Arnold Holdings announced that the Board of Directors of the Company at its meeting held on 29 September 2016, has approved allotment of 12,53,12,500 Bonus Equity Shares of face Value of Rs. 2/- each to the members holding shares as on the Record date.

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TRAI Chairman believes that the interconnection controversy can be resolved through a discussion with CEOs
Sep 29,2016

TRAI Chairman, Mr R S Sharma speaking at an industry interaction at FICCI, said that the controversy regarding the interconnection issues between the telecom operators, can be resolved through an across-the-table discussion with the CEOs. He said that a meeting of the CEOs is being called soon, with a view to finding a resolution to the problem that has dominated the sector for the last two months. The interactive session was moderated by Mr. Virat Bhatia, Chairman, FICCI ICT and Digital Economy Committee.

When asked as to why the industry finds itself in this position, and whether it was due to lack of proper regulation or licensing issues, etc., he said that he did not want to elaborate, given the sensitivity of the matter, but that the regulations do not leave scope for ambiguity.

Chairman, TRAI, spoke on a range of issues, including the 20 consultation papers, in various stages, released in the last 18 months. These, according to Mr. R S Sharma, are necessary for removing ambiguity in the telecom sector and allowing the stakeholders to function in harmony. TRAI felt the need for consultation papers in order to bring about a comprehensive regulatory framework which will plug the gaps in the system and facilitate the industry to grow seamlessly.

He told members of the FICCI ICT and Digital Economy Committee that, with the advent of technology such as cloud computing and internet of things (IOT), ICT is transforming every sector and telecom should also leverage it. Earlier, technology was on the periphery but in the last decade with disruptive technologies coming in, it has become a central tool. He added that ICT also brings with it efficiency and cost effectiveness.

Speaking on competition issues in general, in the telecom sector, Mr. Sharma said that TRAI promotes healthy competition. He added that the idea is to encourage healthy competition and ensure that interest of the consumers is safeguarded. He added that for TRAI, the consumers interest is paramount and they must not suffer on any account.

Mr. Sharma said that India already has a world class network and with new technology coming in the service should also become world class. India should strive for next generation network by employing new technologies such as Loons, Solar Planes, and White Spaces. He said that there was a need to harmonize the issues of business interest with disruptive technologies. To achieve this, it was necessary to put down licensing rules, norms and quality aspects through regulation.

Mr. Sharma said that TRAI was one of the regulatory bodies that engaged in a consultative process with industry before coming out with any policy or guidelines. Industry has an opportunity to share its concerns with TRAI to work out a feasible and sustainable framework.

Responding to the queries raised by industry regarding restriction in experimentation and use of new technologies, Mr. Sharma said that TRAI and he were in favor of trying out new technologies with appropriate permissions. However, he added that these technologies should be interoperable with open APIs and should not be in silos.

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Gartner Says New Digital Disruptors Demand a New Approach to IT
Sep 29,2016

Digital disruptors such as algorithms, artificial intelligence (AI), bots and chatbots are already transforming businesses. Gartner, Inc. expects that algorithmic business will create even greater levels of disruption and new industries. To support the new capabilities and business models of digital and algorithmic business, CIOs must design and deploy their digital business technology platform.

Fueled by data, analytics and AI, algorithmic business will continue to grow and disrupt your business, said Steve Prentice, vice president and Gartner Fellow. This growth is unabated as algorithms are feasting on the wealth of data that grows inexorably. More than 500,000 new devices connect to the Internet every hour, and every one of them simply adds to the inevitable growth of data.

Mr. Prentice explored how digital disruptors are transforming the business landscape during Gartner Symposium/ITxpo 2016, which is taking place here through today.

Algorithms Are Moving to the Forefront of the Differentiation Race

Algorithms are taking center stage in the race for competitive differentiation as leading organizations uncover their true value. Algorithms capture the knowledge that turns raw data into valuable insight, and CIOs must use them to drive speed, scale and consistency in their digital business journey, said Mr. Prentice. Applied to huge datasets, algorithms allow highly accurate, personalized offerings, which in turn can drive revenue and differentiation.

Algorithms are already well established in many industries. In human resources, in order to evaluate candidates suitability for specific roles, algorithms are used to match talent very quickly to the work that needs to be done within an organization. Eventually, algorithms will replace both manual processing of CVs by recruiters and automated CV ranking based on word matching. In other industries, organizations are making advanced algorithmic models available via open marketplaces, which ultimately facilitates access to algorithms that are beyond the development reach of many organizations.

Digital Disruptors Will Dominate in the Next Few Years

In parallel, AI has advanced dramatically during the past year. When enhanced with machine learning through the application of capabilities such as deep neural networks, AI is starting to outperform humans in some areas. Algorithms, AI, bots and smart things will dominate business interactions during the next few years: AI and bots currently allow platforms to gain a voice, while algorithms and AI will deliver the intelligence to empower a new generation of robots, cobots and drones and self-driving vehicles. CEOs must ensure their CIOs are actively engaged in embracing those new business opportunities, said Mr. Prentice.

Design and Deploy Your Digital Business Technology Platform

The pace of digital disruption demands a new approach to IT. CIOs must build their digital business technology platform to support the development of digital business, said Mr. Prentice. At a minimum, the IT organization needs to be able to design the big picture of all the new information and technology capabilities required to support digital business. The CIO can then work with the rest of the organization to define who n++ if not IT n++ will build, fund, support and own these major components.

The five major platforms of digital business are as follows:

Information systems platform, which supports the back office, and operations such as enterprise resource planning and core systems.

Customer experience platform, which contains the main customer-facing elements, such as customer and citizen portals, multichannel commerce and customer apps.

Data and analytics platform, which contains information management and analytical capabilities. Data management programs and analytical applications fuel data-driven decision making, and algorithms automate discovery and action.

Internet of Things (IoT) platform, which connects physical assets for monitoring, optimization, control and monetization. Capabilities include connectivity, analytics and integration to core and operational technology systems.

Ecosystems platform, which supports the creation of, and connection to, external ecosystems, marketplaces and communities; API management, control and security are its main elements.

You cant afford to stay on the sidelines of this digital and algorithmic business wave. Define your algorithm, AI, ecosystem and digital platform strategies now, concluded Mr. Prentice.

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MCX gets SEBIs No Objection to proposed exercise of option for conversion of warrants of MSEI
Sep 29,2016

Multi Commodity Exchange of India announced that SEBI has vide its letter dated 28 September 2016 conveyed their no objection to the proposed exercise of option by MCX to subscribe and hold 26,51,77,600 equity shares of MSEI and MSEI allotting equity shares to MCX in lieu of Warrants held by MCX.

In August, MCX and MESI entered into consent terms to bring quietus to the ongoing litigation in respect of 41,59,17,672 warrants of face value of Re 1 each of MESI held by MCX.

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United Breweries (Holdings) hits roof after robust Q1 results
Sep 29,2016

The result was announced after market hours yesterday, 28 September 2016.

Meanwhile, the BSE Sensex was down 2.59 points, or 0.01%, to 28,290.22.

On BSE, so far 9.37 lakh shares were traded in the counter, compared with average daily volume of 1.68 lakh shares in the past one quarter. The stock hit a low of Rs 44.65 in intraday trade. The stock hit a 52-week high of Rs 48.70 on 20 September 2016. The stock hit a 52-week low of Rs 18.10 on 30 May 2016. The stock had outperformed the market over the past 30 days till 28 September 2016, rising 43.99% compared with 0.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 79.92% as against Sensexs 4.79% rise.

The small-cap company has equity capital of Rs 66.82 crore. Face value per share is Rs 10.

United Breweries (Holdings) is the flagship holding company of the UB Group, through which the promoters and the promoter group hold their stakes in the various companies which comprise the UB Group.

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Ind Bank Housing announces resignation of director
Sep 29,2016

Ind Bank Housing announced that Sripriyakumar, Independent Director of the Company has resigned from the Board due to her professional and ICAI related work, being the Central Council Member of ICAI. The same was taken on record by the Board on 22 September 2016.

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Somany Ceramics redeems Commercial Paper aggregating Rs 25 crore
Sep 29,2016

Somany Ceramics announced that Commercial Paper of Rs 25 crore issued on 5 July 2016 with maturity date of 28 September 2016 has been redeemed.

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Multibase India announces retirement of director
Sep 29,2016

Multibase India announced that Krishna Joshi, Director of the Company has retired as on 28 September 2016.

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Ujjivan Financial Services reduces interest rate on microfinance loans
Sep 29,2016

Ujjivan Financial Services announced an interest rate reduction of 75 bps (0.75%) with effect from 01 October 2016. The new interest rates for all Microfinance Loans have been lowered by 0.75 per cent. Therate for Individual Bazaar Loans, however, remains unchanged.

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Wockhardt intimates of approval of its manufacturing unit at Aurangabad, Maharashtra
Sep 29,2016

Wockhardt announced that inspection of the Companys manufacturing unit at L-1, Chikalthana, Aurangabad, Maharashtra by UK MHRA has since been completed without any critical observations and the approval status of the said unit continues.

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