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Board of Carborundum Universal to consider December quarter resutls and interim dividend
Jan 11,2017

Carborundum Universal announced that a meeting of the Board of Directors of the Company is scheduled to be held on 04 February 2017 inter alia to consider and approve the unaudited financial results of the Company for the period ended 31 December 2016.

Further, the Board will also be considering an Interim Dividend proposal for the year 2016-17 at this meeting.

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Jindal Steel & Power leads gainers in A group
Jan 11,2017

Jindal Steel & Power jumped 11.09% to Rs 83.15 at 13:41 IST. The stock topped the gainers in the BSEs A group. On the BSE, 38.39 lakh shares were traded on the counter so far as against the average daily volumes of 9.90 lakh shares in the past two weeks.

JSW Steel surged 5.97% to Rs 188.90. The stock was the second biggest gainer in A group. On the BSE, 16.24 lakh shares were traded on the counter so far as against the average daily volumes of 2.44 lakh shares in the past two weeks.

Hindalco Industries gained 6.09% at Rs 174.15. The stock was the third biggest gainer in A group. On the BSE, 17.62 lakh shares were traded on the counter so far as against the average daily volumes of 10.84 lakh shares in the past two weeks.

IndusInd Bank advanced 5.45% at Rs 1,225.20. The stock was the fourth biggest gainer in A group. On the BSE, 2.96 lakh shares were traded on the counter so far as against the average daily volumes of 89,000 shares in the past two weeks.

Steel Authority of India rose 5.01% to Rs 55.50. The stock was the fifth biggest gainer in A group. On the BSE, 13.18 lakh shares were traded on the counter so far as against the average daily volumes of 4.39 lakh shares in the past two weeks.

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Banco Products (India) fixes record date for interim dividend
Jan 11,2017

Banco Products (India) has fixed 23 January 2017 as the Record Date for the purpose of payment of Interim Dividend.

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Banco Products (India) to pay interim dividend
Jan 11,2017

Banco Products (India) announced that Interim Dividend @Rs. 5/- per Equity Shares of Face Value of Rs. 2/- each i.e. 250% for the Financial Year ending on 31 March 2017 shall be paid on or after 30 January 2017.

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Board of Banco Products (India) declares interim dividend
Jan 11,2017

Banco Products (India) announced that the Meeting of the Board of Directors of the Company was held on 11 January 2017 and inter alia decided / approved the following:

1. The Board declared Interim Dividend @Rs. 5/- per Equity Shares of Face Value of Rs. 2/- each i.e. 250% for the Financial Year ending on 31 March 32017.

2. The Dividend shall be paid on or after 30 January 2017.

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Volumes jump at Gini Silk Mills counter
Jan 11,2017

Gini Silk Mills volume of 2.74 lakh shares by 12:55 IST on BSE, a 210.27-times surge over two-week average daily volume of 1,304 shares. The stock rose 4.18% to Rs 499.80.

The Ramco Cements notched up volume of 10.14 lakh shares, a 78.14-fold surge over two-week average daily volume of 13,000 shares. The stock rose 2.12% to Rs 618.

Colgate-Palmolive (India) saw volume of 3 lakh shares, a 31.05-fold surge over two-week average daily volume of 9,650 shares. The stock declined 0.41% to Rs 888.70.

Federal Bank clocked volume of 52.21 lakh shares, a 14.67-fold surge over two-week average daily volume of 3.55 lakh shares. The stock gained 3.22% to Rs 72.05.

Eicher Motors saw volume of 65,000 shares, a 13.65-fold rise over two-week average daily volume of 4,742 shares. The stock declined 0.01% to Rs 22,985.

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Board of Emami Paper Mills considers working capital facilities
Jan 11,2017

Emami Paper Mills announced that the Financial Committee of Board of Directors at its meeting held on 11 January 2017 transacted the following -

Sanction of renewal cum enhancement of working capital facilities within overall limit of Rs 85 crore by IDBI Bank was considered.

Sanction of working capital facilities within overall limit of 85 crore by IDFC Bank was considered.

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Rose Investments to announce December quarter results
Jan 11,2017

Rose Investments announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider and approve Unaudited Financial Results of the Company for the Quarter ended 31 December 2016.

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Board of Bodhtree Consulting to consider Q3 and 9M results
Jan 11,2017

Bodhtree Consulting announced that the Meeting of the Board of Directors of the Company will be held on 19 January 2017, inter alia, to:

1. Consider and approve the Un-audited Financial Results as per Regulation 33 of LODR for the Quarter and Nine Months ended on 31 December 2016.

2. To take note of Limited Review Report obtained from the Statutory Auditors of the Company on Un-Audited Financial Results for the Quarter and Nine Months ended on 31 December 2016.

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Board of PVV Infra to consider JV proposal and appoint compliance officer
Jan 11,2017

PVV Infra announced that a meeting of the Board of Directors of the Company will be held on 19 January 2017 to transact inter alia the following business:

1. Consider joint venture with Buildtek, which is into pre fabricated building technology with advanced manufacturing facility at Ravulapallem, West Godavari, Andhra Pradesh.

2. To consider the appointment of Compliance Officer of the Company.

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Board of Samrat Pharmachem to consider December quarter results
Jan 11,2017

Samrat Pharmachem announced that a meeting of the Board of Directors of the Company will be held on 14 February 2017, inter alia, to consider and take on record the Un-Audited Financial Results of the Company for the quarter ended 31 December 2016.

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Adani Enterprises incorporates subsidiary - Adani Agri Logistics (Kannauj)
Jan 11,2017

Adani Enterprises has incorporated a wholly owned subsidiary namely, Adani Agri Logistics (Kannauj)n++ (AALKL) on 10 January 2016.

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Adani Enterprises incorporates subsidary - Adani Agri Logistics (Panipat)
Jan 11,2017

Adani Enterprises has incorporated a wholly owned subsidiary namely, Adani Agri Logistics (Panipat) (AALPL) on 11 January 2016.

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Royal Orchid spurts after acquiring remaining stake in its subsidiary
Jan 11,2017

The announcement was made during market hours today, 11 January 2017.

Meanwhile, the BSE Sensex was up 155.27 points, or 0.58%, to 27,054.83.

More than usual volumes were witnessed on the counter. On the BSE, 33,754 shares were traded in the counter so far as against average daily volume of 13,386 shares in the past one quarter. The stock had hit a high of Rs 86.40 and a low of Rs 75.20 so far during the day. The stock had hit a 52-week high of Rs 115.10 on 11 January 2016. The stock had hit a 52-week low of Rs 56.60 on 17 February 2016.

The stock had underperformed the market over the past one month till 10 January 2017, falling 0.33% compared with the Sensexs 0.57% gains. The scrip had, however, outperformed the market in past one quarter, gaining 15.06% as against the Sensexs 4.21% fall.

The small-cap company has equity capital of Rs 27.23 crore. Face value per share is Rs 10.

Upon acquisition of shares from the joint venture partner, Amartara Hospitality Private Limited has become wholly owned subsidiary of Royal Orchid Hotels. The cost of acquisition is Rs 2.5 crore. Earlier, Royal Orchid held 75.1% stake in Amartara Hospitality. The acquisition is a part of settlement agreement between the joint venture partners.

The consideration shall be payable on or before expiry of three years from 6 January 2017 or on or before the expiry of 30 days after the date on which the immovable property of the company is sold, whichever is earlier.

Amartara Hospitality was incorporated in 2009, with an object of running hospitality business. However, it could not commence its hotel operation as on date. The paid up share capital of Amartara Hospitality is Rs 35.50 crore.

Royal Orchid Hotels net profit rose 33.7% to Rs 2.74 crore on 8.7% decline in net sales to Rs 19.19 crore in Q2 September 2016 over Q2 September 2015.

Royal Orchid Hotels operates business and leisure hotels in popular destinations.

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Indiabulls Housing Finance advances after bulk deal
Jan 11,2017

Meanwhile, the S&P BSE Sensex was up 168.67 points or 0.63% at 27,068.23

Bulk deal boosted volume on the scrip. On the BSE, 17.20 lakh shares were traded in the counter so far as against average daily volume of 1.21 lakh shares in the past one quarter. The stock had hit a high of Rs 713.50 and a low of Rs 688.05 so far during the day.

The stock had hit a record high of Rs 895 on 20 October 2016. The stock had hit a 52-week low of Rs 551 on 24 February 2016. The stock had underperformed the market over the past 30 days till 10 January 2017, falling 0.8% compared with the Sensexs 1.45% rise. The scrip also underperformed the market in past one quarter, sliding 18.67% as against the Sensexs 4.21% fall.

The large-cap company has equity capital of Rs 84.75 crore. Face value per share is Rs 2.

Indiabulls Housing Finance recently announced that it has reduced its home loan rate by 45 basis points to 8.65% for its customers with effect from 3 January 2017.

Indiabulls Housing Finances consolidated net profit rose 23.2% to Rs 684.31 crore on 28.02% growth in total income to Rs 2874.95 crore in Q2 September 2016 over Q2 September 2015.

Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.

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