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Kalyanpur Cements to hold AGM
Sep 28,2016

Kalyanpur Cements announced that the th Annual General Meeting(AGM) of the company on 26 September 2016.

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Asian Petroproducts & Exports to hold AGM
Sep 28,2016

Asian Petroproducts & Exports announced that the 24th Annual General Meeting(AGM) of the company on 26 September 2016.

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Cenlub Industries to hold board meeting
Sep 28,2016

Cenlub Industries will hold a meeting of the Board of Directors of the Company on 8 October 2016.

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Sudarshan Chemical Industries to hold board meeting
Sep 28,2016

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Accounts of the Company for the quarter and six months ending on September 30. 2016.

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Federal Bank gains after large bulk deal
Sep 28,2016

Meanwhile, the S&P BSE Sensex was up 11.32 points or 0.04% at 28,235.02

Bulk deal boosted volume on the scrip. On BSE, so far 83.26 lakh shares were traded in the counter as against average daily volume of 9.22 lakh shares in the past one quarter. The stock hit a high of Rs 75.75 and a low of Rs 72.50 so far during the day. The stock had hit a 52-week high of Rs 76.15 on 7 September 2016. The stock had hit a 52-week low of Rs 41.35 on 12 February 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 8.05% compared with 1.15% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 28.8% as against Sensexs 5.55% rise.

The large-cap private-sector bank has equity capital of Rs 344.10 crore. Face value per share is Rs 2.

Federal Banks net profit rose 18.33% to Rs 167.31 crore on 6.82% rise in total income to Rs 2250.81 crore in Q1 June 2016 over Q1 June 2015.

Federal Bank is one of the leading private sector banks in India.

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Jindal Stainless gains after getting IDCO approval for land transfer
Sep 28,2016

The announcement was made after market hours yesterday, 27 September 2016.

Meanwhile, the BSE Sensex was up 7.15 points, or 0.03%, to 28,230.85.

On BSE, so far 78,000 shares were traded in the counter, compared with average daily volume of 2.11 lakh shares in the past one quarter. The stock hit a high of Rs 26.30 and a low of Rs 25.30 so far during the day. The stock hit a 52-week high of Rs 33.50 on 7 December 2015. The stock hit a record low of Rs 14.20 on 2 June 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 5.10% compared with 1.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 57.14% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 79.89 crore. Face value per share is Rs 2.

Jindal Stainless (JSL) said it received approval from Orissa Industrial and Infrastructure Development Corporation (IDCO) vide its letter dated 24 September 2016 conveying its no objection for effecting the transfer or right to use of the land on which the hot strip mill and the coke plant of the company are located, to Jindal United Steel (JUSL) and Jindal Coke (JCL), respectively.

Last year, JSL demerged its operations into three separate entities -- listed Jindal Stainless (Hisar) (JSHL) as well as private companies JUSL and JCL.

Jindal Stainless reported net loss of Rs 64.64 crore in Q1 June 2016 as against net loss of Rs 137.79 crore in Q1 June 2015. Net sales rose 28.20% to Rs 2117.41 crore in Q1 June 2016 over Q1 June 2015.

Jindal Stainless is engaged in manufacturing of stainless steel.

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Govt. exploring opportunities to set up nuclear power plants in Ukhand, Punjab & Haryana: Dr Jitendra Singh
Sep 28,2016

The government is exploring possibilities of establishing nuclear power plants in northern states of Uttarakhand, Punjab and Haryana, union Minister for Atomic Energy, Dr Jitendra Singh said at an ASSOCHAM event.

n++The present government can stake claim of having set up an atomic energy plant in Gorakhpur in Haryana, so we have brought atomic energy northwards which it had been waiting for 60-70 years and we made it to cross through Delhi because atomic energy never had the opportunity to see the capital of this country,n++ said Dr Singh while inaugurating an ASSOCHAM conference on nuclear power in India.

He said that atomic energy remained confined only to Maharashtra, the western coast, Tamil Nadu, parts of Andhra Pradesh. n++So now we are exploring the possibilities of having such establishments in other possible places for example, near Dehradun in Uttarakhand, in Punjab near Patiala and in Bhiwandi in Haryana are being explored as venues for atomic plants.n++

Highlighting the cost-effective aspect of nuclear energy, he said n++The nuclear power plant being set up in Haryana will become operational by about next year at the cost of just Rs 6 per unit.n++

n++Atomic energy had remained confined to certain parts of the country, in Tarapur for obvious reasons because Dr Bhabha had set up his first establishment in Mumbai then we had south but we hardly had any presence in north India,n++ he said.

He also said that the government had diversified nuclear energy and got it into a huge way in academics through Bhabha National Institute.

n++The Bhabha National Institute has got into an understanding with Tata Atomic Institute in Mumbai and we are now helping it to award degrees in cancer,n++ said the Minister.

He also said that within a period of next ten years India will have at least 25 per cent source of energy from nuclear sector. n++That is going to be a remarkable achievement because energy needs of the country are growing very fast and it is going to be cost-effective.n++

n++The challenge would be to how best to put it (nuclear energy) to use,n++ said Dr Singh.

He also said that the government was using space technology to safeguard the thorium which will come to be utilised very soon in the years to come when India will have new sets of nuclear reactors.

n++While we will have this advantage of being the part of the Department of Atomic Energy which was perhaps not so visible earlier, we will also have the challenge and responsibility about how best to use this increasing availability of energy with wider application and how to safeguard the pilferage of the energy as well as the energy source by way of pilferage,n++ said the minister.

He also said that Dr Homi J. Bhabha had a vision to establish a nuclear centre and also to declare to the world that it would be devoted to the peaceful purposes at a time when peaceful purposes of nuclear energy were hardly known and it was only known as a creator of atomic bomb.

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Ahluwalia Contracts (India) secures new order worth Rs 151.39 crore
Sep 28,2016

Ahluwalia Contracts (India) has received new order aggregating Rs.151.39 crore Work awarded from Bharat Electronics (BEL).

The total order inflow during the FY 2016-2017 stands at Rs. 1360.98 crore.

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Vivimed Labs scales record high as HNI investor buys shares
Sep 28,2016

Meanwhile, the S&P BSE Sensex was up 5.69 points, or 0.02%, to 28,229.39

On BSE, so far 17.28 lakh shares were traded in the counter, compared with average daily volume of 1.12 lakh shares in the past one quarter. The stock hit a high of Rs 114.80 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 106 so far during the day. The stock hit a 52-week low of Rs 58.40 on 28 September 2015. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 38.53% compared with 1.15% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 33.4% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 16.20 crore. Face value per share is Rs 2.

High-net-worth individual (HNI) investor Ashish Kacholia bought 13.73 lakh shares of Vivimed Labs at Rs 90.50 per share in a bulk deal on NSE yesterday, 27 September 2016. Shares of Vivimed Labs gained by its maximum permissible daily limit of 20% to settle at Rs 102.65 yesterday, 27 September 2016.

On a consolidated basis, Vivimed Labs net profit rose 15.27% to Rs 27.86 crore on 10.65% growth in net sales to Rs 366.83 crore in Q1 June 2016 over Q1 June 2015.

Vivimed Labs is a leading manufacturer and exporter of specialty chemicals mainly used in the personal-care and pharmaceutical industries.

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Shares of Marathon Nextgen Realty get listed on NSE
Sep 28,2016

Shares of Marathon Nextgen Realty get listed on National Stock Exchange with effect from 29 September 2016. The Symbol of the Company at NSE is MARATHON.

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GPT Infraprojects awarded Best Infrastructure Brand 2016
Sep 28,2016

GPT Infraprojects has been conferred the Best Infrastructure Brand 2016 by The Economic Times for the significant effort and innovative contribution made by the Company in infrastructure. The award was presented at The Economic Times Infra Focus 4th Annual Summit organised by ET Edge, an Economic Times Initiative, in New Delhi on 27 September 2016.

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Chartered Logistics secures new contracts
Sep 28,2016

Chartered Logistics has secured five contracts worth Rs 33.75 crore.

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Ahluwalia Contracts (India) gains after winning orders
Sep 28,2016

The announcement was made during market hours today, 28 September 2016.

Meanwhile, the BSE Sensex was up 3.26 points, or 0.01%, to 28,226.96.

On BSE, so far 8,040 shares were traded in the counter, compared with average daily volume of 10,905 shares in the past one quarter. The stock hit a high of Rs 312.05 and a low of Rs 295 so far during the day. The stock hit a 52-week high of Rs 336.20 on 6 September 2016. The stock hit a 52-week low of Rs 210 on 25 February 2016. The stock had underperformed the market over the past 30 days till 27 September 2016, falling 3.09% compared with 1.15% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 8.30% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 13.40 crore. Face value per share is Rs 2.

Ahluwalia Contracts (India) said that the total order inflow during the financial year ending March 2017 (FY 2017) stands at Rs 1360.98 crore.

Meanwhile, Ahluwalia Contracts (India) announced after market hours yesterday, 27 September 2016, that is received letter from Executive Engineer, Construction Division-2, Building Construction Department (B.C.D.) Patna, to stop construction of International Convention Centre (ICC) and Police Headquarter Bhawan, Patna as per order of National Green Tribunal (NGT), Eastern Zone Bench, Kolkata. The NGT has directed that Patna Master Plan was not yet approved and the approval of the master plan is mandatory requirement under the Ministry of Environment & Forests (MoEF) Notification in respect of constructions with built-up area of 20000 square meters or more. The said order shall be applicable to all construction activities in Patna and its adjacent areas where the city is proposed to be expanded. The company said it expects the matter to be resolved soon by the State Government.

Net profit of Ahluwalia Contracts (India) rose 14.46% to Rs 21.53 crore on 15.84% rise in net sales to Rs 305.80 crore in Q1 June 2016 over Q1 June 2015.

Ahluwalia Contracts (India) is one of the leading civil contractors in India.

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Balaji Telefilms spurts after board OKs scheme of arrangement
Sep 28,2016

Meanwhile, the BSE Sensex was up 21.97 points, or 0.08%, to 28,245.67.

On BSE, so far 4.45 lakh shares were traded in the counter, compared with average daily volume of 61,268 shares in the past one quarter. The stock hit a high of Rs 103 and a low of Rs 98 so far during the day. The stock hit a 52-week high of Rs 150.40 on 23 November 2015. The stock hit a 52-week low of Rs 82.95 on 15 September 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 6.06% compared with 1.15% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 15.90% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 15.19 crore. Face value per share is Rs 2.

Balaji Telefilms said that its board approved a composite scheme of arrangement between the company and its two wholly-owned subsidiaries -- Balaji Motion Pictures (BMPL) and Bolt Media (Bolt). As per the scheme, BMPL will demerge its film production undertaking and merge it with Balaji Telefilms. Further, Bolt will amalgamate with Balaji Telefilms. The scheme will streamline business structure, consolidate operations and reduce costs. The scheme does not involve any cash consideration, the company said in a statement.

BMPL is engaged in inter alia the business of production and distribution of motion pictures and films. Post demerger of its film production undertaking, BMPL will focus on the business of film distribution.

Bolt is engaged in inter alia the business of production of non-fiction, fiction, reality, factual television shows, event management, branded entertainment, digital content, consultancy and creative services related to it.

On a consolidated basis, net profit of Balaji Telefilms declined 84.27% to Rs 0.67 crore on 56.02% rise in net sales to Rs 116.45 crore in Q1 June 2016 over Q1 June 2015.

Balaji Telefilms is Indias leading integrated media conglomerate with market leadership in the television content industry, among other entertainment-led businesses.

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Infosys launches Skava Commerce platform
Sep 28,2016

Infosys announced the launch of Skava Commerce, a modern, mobilen++]first and modular en++]commerce platform that delivers engaging omnin++]channel experiences. Skava, a Silicon Valley based en++]commerce startup acquired by Infosys, developed Skava Commerce to allow businesses toleverage flexible cloudn++]based microservices and white label applications to quickly launch new offerings, improve conversion rates of digital channels, create highly responsive digital properties, and more.

The platform can and easily integrate into existing technologies, while also providing a futuren++]ready architecture that will enable next generation shopping experiences leveraging artificial intelligence (AI) and machine learning, natural language processing and virtual reality (VR).

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