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Board of JBF Industries recommends final dividend
Jun 02,2017

JBF Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Kaycee Industries recommends final dividend
Jun 02,2017

Kaycee Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of JBM Auto recommends final dividend
Jun 02,2017

JBM Auto announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Board of Insecticides India recommends final dividend
Jun 02,2017

Insecticides India announced that the Board of Directors of the Company at its meeting held on 27 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Jai Corp recommends final dividend
Jun 02,2017

Jai Corp announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Kanoria Chemicals & Industries recommends final dividend
Jun 02,2017

Kanoria Chemicals & Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Board of Seya Industries recommends final dividend
Jun 02,2017

Seya Industries announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Bharti Airtel moves up after Sebis nod for merger
Jun 02,2017

The announcement was made after market hours yesterday, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 105.62 points, or 0.34% to 31,243.21.

On the BSE, 27,771 shares were traded in the counter so far, compared with average daily volumes of 5.9 lakh shares in the past one quarter. The stock had hit a high of Rs 379.60 and a low of Rs 369.95 so far during the day. The stock had hit a 52-week high of Rs 400.65 on 23 February 2017. The stock had hit a 52-week low of Rs 283.95 on 9 November 2016.

The stock gained 3.54% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip had underperformed the market in past one quarter, rising 1.25% as against Sensexs 7.43% rise. The scrip had also underperformed the market in past one year, gaining 1.2% as against Sensexs 16.56% rise.

The large-cap company has equity capital of Rs 1998.70 crore. Face value per share is Rs 5.

Bharti Airtel announced that it has received the approval of the Securities and Exchange Board of India (Sebi), BSE and National Stock Exchange of India (NSE) for the proposed scheme of merger between Airtel and Telenor (India) Communications.

Bharti Airtel further stated that Telenor India and Airtel have filed the joint company application before the New Delhi Bench of the National Company Law Tribunal for approval of the proposed scheme of merger. The merger is subject to other statutory approvals including from the Competition Commission of India.

Airtel had earlier announced in February 2017 that it had entered into a definitive agreement with Telenor South Asia Investments Pte Ltd (Telenor). As part of the scheme, Airtel will acquire Telenor Indias running operations in seven circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and therefore offer a high potential for growth.

The proposed acquisition will include transfer of all of Telenor Indias assets and customers, further augmenting Airtels overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.

Bharti Airtels consolidated net profit fell 69.2% to Rs 470.6 crore on 12.1% decline in net sales to Rs 21934.60 crore in Q4 March 2017 over Q4 March 2016.

Bharti Airtel is a leading global telecommunications company with operations in 17 countries across Asia and Africa.

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Board of KDDL recommends final dividend
Jun 02,2017

KDDL announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Nahar Industrial Enterprises recommends final dividend
Jun 02,2017

Nahar Industrial Enterprises announced that the Board of Directors of the Company at its meeting held on 30 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Coastal Corporation recommends final dividend
Jun 02,2017

Coastal Corporation announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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TVS Motor scales record high after declaring robust monthly sales
Jun 02,2017

The announcement was made after market hours yesterday, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 109.50 points, or 0.35% to 31,247.09

On the BSE, 1.69 lakh shares were traded in the counter so far, compared with average daily volumes of 91,899 shares in the past one quarter. The stock had hit a low of Rs 553 so far during the day. The stock hit a high of Rs 565 in intraday trade so far, which is record high for the counter. The stock hit a 52-week low of Rs 280.30 on 24 June 2016.

The large-cap company has equity capital of Rs 47.51 crore. Face value per share is Re 1.

TVS Motor Companys total two-wheeler sales rose 15.6% to 2.75 lakh units in May 2017 over May 2016. Scooters sales rose 30.9% to 85,681 units in May 2017 over May 2016. Motorcycles sales grew 22.3% to 1.18 lakh units in May 2017 over May 2016.

Three-wheeler sales increased 20.5% to 6,581 units May 2017 over May 2016.

Total exports rose 14.3% to 40,617 units in May 2017 over May 2016.

Net profit of TVS Motor Company declined 6.8% to Rs 126.77 crore on 1.7% rise in net sales to Rs 2844.50 crore in Q4 March 2017 over Q4 March 2016.

TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.

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Zydus Cadila receives USFDA approval
Jun 02,2017

Zydus Cadila has announced that it has got approval from the United States Food and Drug Administration to market Levofloxacin Injection, 500 mg/20 ml, and 750 mg/30 ml (25 mg/ml), which is used in the treatment of bacterial infections. The product will be produced at the groups formulations manufacturing facility at Moraiya, Ahmedabad.

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Bajaj Auto announces sales performance
Jun 02,2017

Bajaj Auto recorded total sales of 3,13,756 units in month of May 2017 compared to 3,07,344 units in May 2016. Total sales included domestic sales of 1,74,047 units, recording decline of 15% over May 2016. Exports declined 3% to 1,39,709 units over May 2016.

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Simplex Infrastructures to pay dividend
Jun 02,2017

The board of Simplex Infrastructures at its adjourned meeting held on 01st June 2017 has recommended dividend of Rs 0.50 per equity share of Rs 2 each fully paid up of the Company subject to approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company.

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