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China Stocks recoup losses
Dec 26,2016

Mainland China stock market closed firmly in green after recouping initial losses during late afternoon trade on Monday, 26 December 2016, thanks to buying pressure in the shares of insurances and state-backed builders which helped offsetting the weakness in resources pulled lower by falls in commodity prices. The Shanghai Composite Index rose 0.45% to 3,210.37, reversing an earlier decline of as much as 1.3%. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.37% to 1,978.37. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, grew 0.48% to close at 1,974.01 points. Trading volume in Shanghai hit a nearly two-month low, with some investors unwilling to buy risky assets as year-end approaches.

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GAIL (India) announces change in Government Nominee Director
Dec 26,2016

GAIL (India) announced that the Ministry of Petroleum & Natural Gas, Government of India vide letter dated 19 December 2016 has appointed Ashish Chatterjee, Joint Secretary (GP), Ministry of Petroleum & Natural Gas, Government of India as Part-time Director (Government Nominee) dated 23 December 2016 of the Company w.e.f 23 December 2016 in place of Ashutosh Jindal.

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TAAL Enterprises announces cessation of director
Dec 26,2016

TAAL Enterprises announced Ajay Joshi, who was appointed as an Additional Director on 18 April 2016 to hold office upto the date of 2nd Annual General Meeting held on 23 December 2016, has ceased to be a director with effect from 24 December 2016.

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Gartner Says by 2019, 20 Percent of User Interactions With Smartphones Will Take Place via VPAs
Dec 26,2016

Advances in various technologies will drive users to interact with their smartphones in more intuitive ways, said Gartner, Inc. Gartner predicts that, by 2019, 20 percent of all user interactions with the smartphone will take place via virtual personal assistants (VPAs).

The role of interactions will intensify through the growing popularity of VPAs among smartphone users and conversations made with smart machines, said Annette Zimmermann, research director at Gartner.

Gartners annual mobile apps survey conducted in the fourth quarter of 2016 among 3,021 consumers across three countries (U.S., U.K. and China) found that 42 percent of respondents in the U.S. and 32 percent in the U.K. used VPAs on their smartphones in the last three months. More than 37 percent of respondents (average across U.S. and U.K.) used a VPA at least one or more times a day.

Apples Siri and Google Now are currently the most widely used VPAs on smartphones. Fifty-four percent of U.K. and U.S. respondents used Siri in the last three months. Google Now is used by 41 percent of U.K. respondents and 48 percent of U.S. respondents. VPAs usage is bound to accelerate as they add many new features, including integration for business services, further language support and appear across more devices, said Jessica Ekholm, research director at Gartner.

Gartner expects that, by 2019, VPAs will have changed the way users interact with devices and become universally accepted as part of everyday life. Today, VPAs are fulfilling simple tasks such as setting the alarm or retrieving information from the web, but in the near future these systems will be able to deliver more complex tasks such as completing a transaction based on past, present and predicted context.

This trend is also intensified by the acceleration of conversational commerce, but voice is not the only UI for VPA use. In fact, Facebook Messenger is allowing users to interact with businesses to make purchases, chat with customer services and order Uber cars within the app. Moreover, Tencents WeChat generates over $1.1 billion in revenue by offering its 440 million users an all-in-one approach, letting them pay their bills, hail cabs and order products with a text.

China represents the most mature market by far, where the increased dominance of messaging platforms is causing the traditional app market to stall. This trend is continuing to grow, not only among consumers but also among businesses or in the prosumer context. For example, Microsofts integration of Cortana into Skype will allow users to chat with their VPA. Cortana will then facilitate the interaction with a third-party bot to get things done, such as a hotel or flight booking.

We expect AI, machine learning and VPAs to be one of the major strategic battlegrounds from 2017 onwards, and make many mobile apps fade and become subservants of VPAs, said Ms. Zimmermann.

Voice and Gesture Become Increasingly Important Interfaces

With a predicted installed base of about 7 billion personal devices, 1.3 billion wearables and 5.7 billion other consumer Internet of Things (IoT) endpoints by 2020, the majority of devices will be designed to function with minimal or zero touch.

By 2020, Gartner predicts that zero-touch UIs will be available on 2 billion devices and IoT endpoints. Interactions will move away from touchscreens and will increasingly make use of voice, ambient technology, biometrics, movement and gestures, said Ms. Zimmermann. In this situation, apps using contextual information will become a crucial factor in user acceptance, as a voice-driven systems usability increases dramatically according to how much it knows about the users surrounding environment. This is where device vendors assets or partnerships in VPAs, natural language processing (NLP) and deep machine learning experts will matter.

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Board of Rajsanket Realty to consider fund raising through issue of NCDs
Dec 26,2016

Rajsanket Realty announced that the Meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to consider and approve the proposal to raise fund through issuance of Secured, Unlisted, Redeemable, Non-Convertible Debentures of the Company aggregating to Rs. 300 crore, subject to the shareholders approval on private placement basis and any other business with the permission of the Chair.

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Corporation Bank announces cessation of director
Dec 26,2016

Corporation Bank announced that Adish Kumar Jain, part-time Non-official Director under Chartered Accountant Category on the Board of the Bank has ceased to be a Director from 26 December 2016 on completion of his term on 25 December 2016.

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Board of Lakshmi Vilas Bank appoints CFO
Dec 26,2016

Lakshmi Vilas Bank announced that the Board of Directors of the Company at its meeting held on 26 December 2016 has designated N S Venkatesh, Executive Director of the Bank as the Executive Director and CFO of the Bank with immediate effect from 26 December 2016.

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Union Quality Plastics to consider forfeiture of shares
Dec 26,2016

Union Quality Plastics announced that a meeting of the Board of Directors of the Company will be held on 29 December 2016, inter alia, to Consider and approval forfeiture of 1,01,700/- partly paid up equity shares.

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Dharmendra Pradhan directs Oil Marketing Companies to take all possible remedial measures to ease out the situation in Manipur
Dec 26,2016

In view of the economic blockade imposed by United Naga Council (UNC) on vehicles going to Manipur from 1 November 2016, supplies of POL products have been severely constrained. MOS (I/C), Petroleum & Natural Gas Shri Dharmendra Pradhan today reviewed the stock position in the State of Manipur. He directed the Oil Marketing Companies (OMCs) to take all possible remedial measures to ease out the situation.

Currently, the OMCs are moving supplies under heavy security protection via alternate route NH-35 (via Jiribum) after shifting supply base to Guwahati, from normal base at Tinsukia. So far, the OMCs have moved 8 (eight) convoys to Manipur which consisted of 975 TTs. Last convoy, which entered Manipur via Jiribum border on 25th December early morning, is now reaching Imphal. The OMCs and the Ministry are in constant touch with the State Government. The convoy movement is being done as per advice of State Government. Loaded TTs for the next convoy have already been lined up at Jiribum (Assam - Manipur border).

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Symphony announces cessation of step down subsidairy
Dec 26,2016

Symphony announced the closure of its step down subsidiary - Symphony USA Inc. (earlier known as Impco Air Coolers Inc.) with effect from 31 December 2016 and accordingly SUI, USA ceases to be a step down subsidiary of the Company with effect from 31 December 2016.

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Institution Mechanism necessary to Protect IPRs : PHD Chamber
Dec 26,2016

National Conference on Intellectual Property Rights (IPR) held here under aegis of PHD Chamber of Commerce and Industry has recommended to the government that institutional mechanism is called for protection of IPRs in the absence of which remains the scope of piracy that goes on unabated.

In addition, the Conference also suggested that focus needs to be intensified for monetization of intellectual properties discovered and invented in universities and research institutions with their thick partnership with industry and industrial associations in the shape of final products with key element of innovation in it.

It was highlighted during the conference that a vast majority of academic institutions and universities do not have IPR Cell for patenting the innovations and therefore, such cells are need of hour to protect and patent the properties for their commercial launch and gains.

In his observations, Mr. Gupta emphasized that intellectual properties created by academia are pirated by vested interest and sold off less than half a price of theirs which leads to discouragement and disappointments.

Therefore, in the National IPR Policy should have regulations bend in favour of those that discover and create intellectual properties with their innovative spirits.

Dr. Chaturvedi in her presentation endorsed what Mr. Gupta advised further emphasizing closer academic and industry partnership for proper commercialization and monetization of intellectual properties.

Mr. Renaud Gaillard also stressed that the innovation happening in India and within its academics and research institutions should also be promoted with a collaborative approach between India and France.

Prof. Prabuddha Ganguli, IPR Chair, Tezpur University stressed on the role of sensitizing students in the IRP ecosystem. The pace of technology is changing the landscape of IPR in a vibrant manner, so academia and industry should create institutional linkages for the progression of IPR in India.

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Vaibhav Global provides update on its China subsidiary
Dec 26,2016

Vaibhav Globals Greater China subsidiary STS Gems has announced that it has earned a place among Greater Chinas highly rated employers with its inclusion on the Great Place to Work listing. STS Gems was commended in a conference and awards ceremony organized in HongKong earlier in December.

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Gagan Gases announces resignation of company secretary
Dec 26,2016

Gagan Gases announced about the Resignation of Company Secretary of Anjali Jain w.e.f. 01 December 2016.

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SBI index crashes to all time low in December 2016
Dec 26,2016

The yearly SBI Composite Index for December 2016 crashed to all time low of 45.5 (Moderate Decline), compared to last months revised index of 50 (Low Growth). Meanwhile, the Monthly Index increased to 49.4 (Low Decline) in December 2016 from 48.3 (Low Decline) in November 2016. As per the Index, the IIP growth may continue to remain in the negative territory in December 2016.

The SBI Composite Index, a leading indicator for manufacturing activity in Indian Economy aims to foresee the periods of contraction and expansion. The Composite Index has mainly two indices namely SBI Monthly Composite Index and SBI Yearly Composite Index. A consistent negative (positive) month on month forecast in the index will lead to negative (positive) growth rate in year on year index after a while.

The impact of demonetization on different sectors of industries is largely negative in the short term. Though as the situation improves, it will help them to grow smartly in the long run. Retail sales during the month of November 2016 were down in the range of 20-40% due to currency crunch and negative sentiments on account of uncertainty post Governments monetary initiative. Even the festive season shifted early by almost a month this time, which also resulted in lower sales during November due to post-festive sluggishness.

Overall, the SBI research department feel that the effect of demonetisation is more of short term nature, say a quarter or two in most of the sectors, except real estate, jewellery, luxury goods etc., and will normalize thereafter.

Due to weak credit off-take and huge money inflows, SBI research expect a faster rate of MCLR transmission by banks in the coming days as inflation trajectory is expected to remain benign with CPI inflation at sub-4% for coming months till January 2017. Though inflation may increase thereafter (post January 2017), it may not be more than 4.5% by March 2017.

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Board of Orbit Exports approves bonus issue
Dec 26,2016

The Board of Directors of Orbit Exports at its meeting held on 26 December 2016 approved the following -

Increase in authorised capital of the company from Rs 15 crore to Rs 35 crore dividend into 3.50 crore equity shares of Rs 10 each.

Consequential alteration in capital clause of MoA of the Company.

Issue of bonus shares in the ratio of 1:1.

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