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Globus Spirits to hold board meeting
Apr 11,2017

Globus Spirits will hold a meeting of the Board of Directors of the Company on 10 April 2017.

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Apple Credit Corporation to hold board meeting
Apr 11,2017

Apple Credit Corporation will hold a meeting of the Board of Directors of the Company on 10 April 2017.

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Meghmani Organics to hold board meeting
Apr 11,2017

Meghmani Organics will hold a meeting of the Board of Directors of the Company on 22 May 2017.

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Infomedia Press to hold board meeting
Apr 11,2017

Infomedia Press will hold a meeting of the Board of Directors of the Company on 15 April 2017, to consider and approve the Audited Financial Results of the Company for the quarter and year ended 31 March 2017.

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Indiabulls Ventures sizzles 69.09% in twelve sessions
Apr 11,2017

Meanwhile, the S&P BSE Sensex was up 119.42 points, or 0.4% at 29,695.16. The S&P BSE Small-cap index was up 99.46 points, or 0.67% at 14,875.49.

On the BSE, 4.41 lakh shares were traded on the counter so far as against the average daily volumes of 11.03 lakh shares in the past one quarter. The stock had hit a high of Rs 77.85 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 75.40 so far during the day.

The stock had hit a 52-week low of Rs 14.55 on 9 May 2016. The stock had outperformed the market over the past one month till 10 April 2017, advancing 104.27% compared with the Sensexs 2.17% rise. The scrip had also outperformed the market over the past one quarter advancing 238.58% as against the Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 64.04 crore. Face value per share is Rs 2.

Shares of Indiabulls Ventures zoomed 69.09% in twelve trading sessions to its current ruling price of Rs 76.60, from a close of Rs 45.30 on 23 March 2017.

Indiabulls Ventures said it has allotted an aggregate of 3.36 crore fully paid up equity shares to promoter group entities (2.96 crore equity shares) and to CEO & whole-time director (40 lakh equity shares ) of the company, upon exercise/conversion of equivalent number of warrants. The announcement was made after market hours yesterday, 10 April 2017.

Total promoter holding stood at 38.6% as per shareholding pattern as on 7 March 2017.

Indiabulls Ventures consolidated net profit fell 54.1% to Rs 10.59 crore on 9.6% decline in total income from operation to Rs 96.93 crore in Q3 December 2016 over Q3 December 2015.

Indiabulls Ventures (Formerly known as Indiabulls Securities) is one of the leading company in the segment of Capital Market and Real Estate marketing and distribution.

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Pale day for precious metals
Apr 11,2017

Bullion metals ended lower at Comex on Monday, 10 APril 2017. Gold settled with a loss on Monday, after a brief rebound attempt failed to lift prices past a key technical level.

June gold fell $3.40, or 0.3%, to settle at $1,253.90 an ounce. During the session, however, prices briefly turned higher to touch an intraday high of $1,258.90. Meanwhile, silver for May delivery lost 23.6 cents, or 1.3%, to end at $17.915 an ounce.

The yellow metals latest moves come after it traded around a five-month high at $1,273.30 an ounce on Friday, drawing haven bids, in the wake of the U.S.s airstrike against Syria, but subsequently pulled back as worries about the military action, which threatened to stoke geopolitical angst, abated.

The dollar, as measured by the ICE U.S. Dollar Index was down 0.2% in Monday dealings, helping dollar-denominated gold prices trade above the sessions worst levels. A weaker dollar tends to support commodities priced in the currency lifting their appeal to buyers using other monetary units.

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Redington gains after offloading stake in overseas arm
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 130.29 points or 0.44% at 29,706.03. The S&P BSE Mid-Cap index was up 88.04 points or 0.61% at 14,410.33

On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 6.08 lakh shares in the past one quarter. The stock hit a high of Rs 116.30 and a low of Rs 115.10 so far during the day. The stock had hit a 52-week high of Rs 126.65 on 24 May 2016. The stock had hit a 52-week low of Rs 79.70 on 9 November 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 4.88% compared with 2.17% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 13.67% as against Sensexs 9.95% rise.

The mid-cap company has equity capital of Rs 79.97 crore. Face value per share is Rs 2.

Redington (India) announced that its overseas step down subsidiary, Arena Bilgisayar Sanayi Ve Ticaret A.S sold its entire holding of 51% in its subsidiary, Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey, for $1.65 million.

On a consolidated basis, net profit of Redington India rose 5.65% to Rs 118.23 crore on 21.73% rise in net sales to Rs 10960.83 crore in Q3 December 2016 over Q3 December 2015.

Redington (India) is a supply chain solutions provider worldwide to leading manufacturers of information technology, telecom, lifestyle and consumer electronics products.

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Majesco gains after speciality insurer renews contract
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 60.72 points, or 0.21% to 29,636.46.

On the BSE, 18,000 shares were traded in the counter so far, compared with average daily volumes of 24,172 shares in the past one quarter. The stock had hit a high of Rs 405.95 and a low of Rs 397.10 so far during the day.

The stock hit a 52-week high of Rs 650 on 21 April 2016. The stock hit a 52-week low of Rs 330.15 on 31 March 2017.

The stock had outperformed the market over the past one month till 10 April 2017, rising 10.95% compared with 2.17% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 2.10% as against Sensexs 9.95% rise.

The small-cap company has equity capital of Rs 11.68 crore. Face value per share is Rs 5.

Majesco announced that a tier two specialty insurer renewed its application management services agreement with Majesco for three years to support a number of key operational systems. The insurer is focused on specialty related insurance in the US. The agreement will provide the insurer end to end support of some of their key operational systems for three years. The application management services are part of Majescos ADM services. The insurer has been a long-term strategic client of Majesco.

Majescos consolidated net profit fell 2.68% to Rs 5.07 crore on 2.3% decline in net sales to Rs 202.26 crore in Q3 December 2016 over Q2 September 2016.

Majesco enables insurance business transformation for insurance customers worldwide by providing solutions which include software, consulting and services.

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Shilpi Cable Technologies gets assigned ratings for proposed NCD issue
Apr 11,2017

Shilpi Cable Technologies announced that Brickwork Ratings has assigned credit rating BWR A (SO) (Outlook Stable) to the proposed NCD issue of Rs 100 crore by the Company.

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Shemaroo Entertainment gets ratings assigned for LT facilities
Apr 11,2017

Shemaroo Entertainment announced that following agencies has assigned ratings to long term facilities of the Company -

CARE Ratings - Care A, Stable
India Ratings & Research - IND A; Stable

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Suzlon Energy gains on winning repeat order
Apr 11,2017

The announcement was made after market hours yesterday, 10 April 2017.

Meanwhile, the S&P BSE Sensex was up 56.22 points, or 0.19% to 29,631.96.

On the BSE, 16.84 lakh shares were traded in the counter so far, compared with average daily volumes of 80.92 lakh shares in the past one quarter. The stock had hit a high of Rs 19.80 and a low of Rs 19.55 so far during the day.

The stock hit a 52-week high of Rs 19.85 on 31 March 2017. The stock hit a 52-week low of Rs 12.47 on 9 November 2016.

The stock had outperformed the market over the past one month till 10 April 2017, rising 12.83% compared with 2.17% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 29.43% as against Sensexs 9.95% rise.

The mid-cap company has equity capital of Rs 1,004.88 crore. Face value per share is Rs 2.

Suzlon Energy said it has won a repeat order of 50.40 megawatts (MW) wind power project in Karnataka from a leading independent power producer (IPP) company. The project will be completed by June 2017. Suzlon will execute the entire project on a turnkey basis and will also provide operation and maintenance services.

On a consolidated basis, Suzlon Energy reported net profit of Rs 274.34 crore in Q3 December 2016 compared with net loss of Rs 121.84 crore in Q3 December 2015. Net sales rose 75.68% to Rs 3307.48 crore in Q3 December 2016 over in Q3 December 2015.

The Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.

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Sterlite Technologies allots 1,93,613 equity shares
Apr 11,2017

Sterlite Technologies has allotted 1,93,613 equity shares under ESOP-2010 on 10 April 2017. Consequently, the paid up equity share capital has increased to 39,84,69,156 equity shares.

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Rs. 23,443 crores released for MGNREGS for Mission Water Conservation Rs. 23,443 crores released for MGNREGS for Mission Water Conservation
Apr 11,2017

The Ministry of Rural Development has released Rs. 23,443.09 crore to the States today as first tranche for Financial Year 2017-18 under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The amount released includes all pending liabilities as on 31st March, 2017. It is also to ensure priority work on water conservation measures.

The Government is laying considerable emphasis on Water Conservation and Water Management works under MGNREGS. All States have been advised to ensure that such works are taken up wherever required with appropriate technical and scientific scrutiny. In collaboration with the Ministry of Water Resources, Mission Water Conservation Guidelines have been developed and shared with the States. A list of 2264 water-stressed Blocks, as ascertained from the Ministry of Water Resources, has been prepared. These Blocks are located in 324 districts of 21 States. In a recent communication to the States, the Ministry has advised the States to ensure not less than 65% expenditure on Natural Resource Management (NRM) Activities. There are 155 kind of works permissible under MGNREGS. Of these, 100 works are NRM related.

In a communication to the Chief Secretaries, Secretary, Rural Development has requested them to accord top most priority to Water Conservation works under MGNREGS. Special thrust has to be ensured in drought prone regions and in districts/Blocks receiving inadequate rainfall.

Apart from focusing on execution of works related to Water Conservation and Water Management, States have been requested to ensure work availability to poor households in poor regions on priority. A campaign to ensure a Job Card for every household that reported deprivation in SECC has been going on. No poor household will be denied work in MGNREGS.

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Outcome of board meeting of Nishtha Finance & Investment (India)
Apr 11,2017

Nishtha Finance & Investment (India) announced that the Board of Directors of the Company at its meeting held on 10 April 2017 has approved the following -

Change in name of the Company to Addin Capital or Addin Intermediaries or Addin Industries or Addin Capital Ventures or Addin Money or Addin Fincorp subject to approval of RoC.

Accepted the resignation of Lavekush Gadiya from post of CFO with immediate effect.

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Vakrangee announces appointment of CEO of Vakrangee Logistics
Apr 11,2017

Vakrangee announced the appointment of Shailendra Jindal as CEO in Vakrangee Logistics (a subsidiary of Vakrangee) with effect from 10 April 2017.

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