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Narayana Hrudayalaya launches premier super speciality childrens only hospital
Apr 24,2017

Narayana Hrudayalaya has launched in-patient services at its SRCC Childrens Hospital at Haji Ali Park, Mahalaxmi in Mumbai. Operated and managed by Narayan Hrudayalaya and backed by SRCC, it is expected to be a premiere super speciality, tertiary care Childrens only hospital in the region.

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Outcome of board meeting of Shri Krishna Prasadam
Apr 24,2017

Shri Krishna Prasadam announced that the Board of Directors of the Company at its meeting held on 22 April 2017 transacted the following -

1. The Board has given their approval for conversion of warrant in to Equity Share of the Company and allotment of Equity share to the allottee to whom the warrant were allotted.

2. The Board approved the proposal for the Migration of Company from SME Board of BSE to the Main Board of BSE subject to approval of Shareholders.

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HCL Technologies to acquire U.S. based Mortgage BPO provider Urban Fulfillment Services
Apr 24,2017

HCL Technologies announced plans to acquire 100% stake in U.S. based, Urban Fulfillment Services engaged in business process outsourcing. This acquisition would immediately bolster HCLs presence into the mortgage BPO market. The acquisition is likely to be completed in June 2017. The total cash consideration for this transaction is up to $30 million, including contingent payments subject to certain financial milestones.

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Nutricircle provides business update
Apr 24,2017

Nutricircle had a soft launch of its New Products under the Brand GONOURISH in NUTRI CARNIVAL 2017 with 476 Dieticians and Nutritionist at Kokilaben Dhirubhai Ambani Hospital & Medical Institute - Mumbai.

Gonourish Ready to Cook Quinoa was appreciated for convenience and taste. The version of Gonourish Quinoa Boil with milk and consume the healthy porridge was appreciated as an ideal breakfast cereal. The Gonourish Quinoa Chocolate made from Gonourish Quinoa was appreciated by kids and all for taste. Bhakti Samat, Chief Dietician at Kokilaben Dhirubhai Ambani Hospital opined that this Quinoa Chocolate for kids will increase the nutrient intake of kids and mothers will not hesitate to buy Gonourish Quinoa Chocolates.

Based on the soft launch success, company Managing Director, Hitesh Patel has decided to double cultivation and production of Gonourish Quinoa SKUs and start distribution in Mumbai through modern retail stores. Gonourish Quinoa SKUs will be first of its kind on in the grocery and kirana store shelves.

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Lumax hits record high after new order
Apr 24,2017

The announcement was made after market hours on Friday, 21 April 2017.

Meanwhile, the S&P BSE Sensex was up 231.29 points or 0.79% at 29,596.59. The S&P BSE Small-Cap index was up 132.55 points or 0.87% at 15,298.86.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 3,942 shares in the past one quarter. The stock had hit a high of Rs 1,561.55 so far during the day, which is a record high. The stock hit a low of Rs 1,357.05 so far during the day.

The stock had hit a 52-week low of Rs 430.50 on 4 May 2016. It had underperformed the market over the past one month till 21 April 2017, sliding 0.44% compared with the Sensexs 0.41% fall. The scrip had, however, outperformed the market over the past one quarter, gaining 32.98% as against the Sensexs 8.62% rise.

The small-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 10.

Lumax Industries said it has received order to supply new age headlamps and rear lamps for the new generation Maruti Suzuki Swift, that commences production later this year at carmakers Gujarat facility in Mehsana district. The order will be fulfilled from the Sanand plant.

Lumax has done a capex of about Rs 120 crore, at Sanand, which is expected to commence operations from November 2017. The capex has been funded through internal accruals.

Going forward, the plant is expected to cater to the needs of TATA Tigor at Sanand as well as HMSIs existing models at Gujarat. The facility will have a capacity of about 3 lakh car-sets annually. The plant is expected to be operational at its full capacity by FY19-20.

On consolidated basis, Lumax Industries net profit rose 67.7% to Rs 17.04 crore on 3.4% decline in net sales to Rs 297.15 crore in Q3 December 2016 over Q3 December 2015.

Lumax Industries is one the leading players in the automotive lighting industry in India.

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Dilip Buildcon hits new peak after winning project
Apr 24,2017

The company made the announcement during market hours today, 24 April 2017.

Meanwhile, the S&P BSE Sensex was up 158.34 points, or 0.54% to 29,529.83. The S&P BSE Mid-Cap was up 68.01 points or 0.47% to 14,555.93.

More than usual volumes were witnessed on the counter. On the BSE, 92,223 shares were traded in the counter so far, compared with average daily volumes of 46,898 shares in the past one quarter. The stock had hit a high of Rs 441.55 in intraday trade, which is also a record high for the counter. The stock had hit a low of Rs 428 so far during the day. The stock had hit a record low of Rs 178.60 on 9 November 2016.

The stock had outperformed the market over the past one month till 21 April 2017, gaining 15.37% compared with 0.41% drop in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 75.08% as against Sensexs 8.62% rise.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon announced that the Airport Authority of India has declared the company as lowest-1 (L-1) bidder for the construction of parallel taxi Track and associated civil & electrical works at Dabolim Airport, Goa.

The bid price put by the company for the project was Rs 125.01 crore. The construction period of the project is 24 months.

Dilip Buildcons net profit jumped 151.7% to Rs 108.64 crore on 41.9% rise in net sales to Rs 1388.43 crore in Q3 December 2016 over Q3 December 2015.

Dilip Buildcon is a road-focused engineering procurement construction (EPC) contractor. The company develops infrastructure across the country in diverse areas such as roads & bridges, water sanitation & sewage, irrigation, industrial, commercial & residential buildings.

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Hexaware Technologies fixes record date for interim dividend
Apr 24,2017

Hexaware Technologies has fixed 08 May 2017 as record date for payment of interim dividend. The dividend will be paid on 12 May 2017.

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Board of VKJ Infradevelopers consider expansion of business
Apr 24,2017

VKJ Infradevelopers announced that the Board of Directors of the Company in its meeting held on 24 April 2017 discussed in details and approved the following business prospectus for the Company: 1. To start the expansion of the new business operations of the Company in conjunction with existing business operations; 2. To raise the funds for the Implement the business expansion of the Company; 3. To discuss the various modes of raising funds including equity, debt or a combination thereof; 4. To raise the funds through the participation of Banks, Financial Institutions, Venture Capital Fund and/or alternate Investment Funds as per the best participations. The Board discussed in detail the benefits that the Company will accrue for its Stakeholders.

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Virat Industries to hold board meeting
Apr 24,2017

Virat Industries will hold a meeting of the Board of Directors of the Company on 4 May 2017.

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HDIL surges 5.3% in two sessions
Apr 24,2017

Meanwhile, the S&P BSE Sensex was up 151.94 points or 0.52% at 29,517.24. The S&P BSE Mid-Cap index was up 122.65 points or 0.81% at 15,288.96.

On the BSE, 22.78 lakh shares were traded on the counter so far as against the average daily volumes of 17.95 lakh shares in the past one quarter. The stock had hit a high of Rs 96.80 and a low of Rs 92.10 so far during the day.

The stock had hit a 52-week high of Rs 108.75 on 12 July 2016 and a 52-week low of Rs 52.25 on 27 December 2016. It had outperformed the market over the past one month till 21 April 2017, advancing 17.41% compared with the Sensexs 0.41% fall. The scrip had also outperformed the market over the past one quarter, gaining 51.82% as against the Sensexs 8.62% rise.

The mid-cap company has equity capital of Rs 434 crore. Face value per share is Rs 10.

Shares of Housing Development & Infrastructure (HDIL) have risen 5.34% in two trading sessions from its closing of Rs 89.75 on 20 April 2017, after the company said after market hours on 20 April 2017, it has launched a new residential project at Mulund, Mumbai. The stock had risen 2.17% to settle at Rs 91.70 on Friday, 21 April 2017.

HDIL announced that it has launched a new project The Nest at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project.

HDILs consolidated net profit dropped 83.8% to Rs 16.23 crore on 65.5% decline in net sales to Rs 109.32 crore in Q3 December 2016 over Q3 December 2015.

HDIL is a real estate development company, with significant operations in the Mumbai Metropolitan Region.

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ALTBalaji rolls out its Windows 10 Universal Application
Apr 24,2017

ALTBalaji has announced the roll out of its Windows 10 Universal Application. The app is available in the Windows 10 app store and works seamlessly across PCs, Laptops, Smart Phones and Surface Tablets running Windows 10 OS. The app will soon be rolled out on other popular Microsoft devices and platforms like Xbox, Surface Hub, and other devices through the Universal Windows Platform. Windows 10 has 400 million active users globally who can enjoy ALTBalajis original, exclusive and tailor made shows on variety of Window devices.

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Sun Pharma drops 8.14% in six sessions
Apr 24,2017

The clarification was issued by the company on Saturday, 22 April 2017.

The stock had dropped 2.41% to Rs 640.05 on Friday, 21 April 2017 after a report suggested that the company has received 11 observations from the US drug regulator for its Dadra unit.

Meanwhile, the S&P BSE Sensex was up 115.59 points, or 0.39% to 29,480.89.

The stock has declined 8.14% in six sessions to its ruling price of Rs 635.90, from a close of Rs 692.30 on 13 April 2017.

On the BSE, 1.53 lakh shares were traded in the counter so far, compared with average daily volumes of 3.74 lakh shares in the past one quarter. The stock had hit a high of Rs 645 and a low of Rs 632.55 so far during the day. The stock had hit a 52-week high of Rs 854.50 on 5 August 2016. The stock had hit a 52-week low of Rs 572.40 on 9 November 2016.

The stock had underperformed the market over the past one month till 21 April 2017, declining 8.47% compared with 0.41% drop in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 0.13% as against Sensexs 8.62% rise.

The large-cap company has equity capital of Rs 239.93 crore. Face value per share is Re 1.

With respect to news article titled FDA issues 11 observations for Dadra unit, Sun Pharmaceutical Industries clarified that companys Dadra facility underwent an inspection by United States Food & Drug Administration (USFDA) recently. This inspection was completed on 13 April 2017.

A Form-483 observation letter was issued by the USFDA post the inspection, listing 11 observations. The company is currently in the process of responding to the said letter to the USFDA within the stipulated timeline of 15 days.

It added that Sun Pharma and its subsidiaries have many facilities which supply products to the US market. These facilities undergo periodic routine inspection by the USFDA in normal course of business. As indicated above, the company is in the process of responding to the USFDA for the Form-483 observation letter issued for the Dadra facility.

If there are any material developments related to this inspection, the company will promptly inform the stock exchanges, Sun Pharma added.

On a consolidated basis, Sun Pharmaceuticals Industries net profit declined 11.2% to Rs 1721.85 crore on 8.4% rise in net sales to Rs 7683.24 crore in Q3 December 2016 over Q3 December 2015.

Sun Pharma is a specialty generic pharmaceutical company and Indias top pharmaceutical company.

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White Organic Agro receives license for manufacture of medicinal and nutritional products
Apr 24,2017

White Organic Agro has received license from Joint Commissioner, Food and Medical Controls Department for production of Medicinal and Nutritional Products at its Manufacturing Unit. Since a long time the management had been striving hard to procure Manufacturing license for various organic medicinal and Nutritional products (viz :- Ayurvedic and Herbal tablets, capsules and churna for oral consumption), as well as few cosmetic application for external application. For which, the company had applied for permission for manufacturing of the same at its Manufacturing facility at Rajkot, Gujarat. Now, the Joint Commissioner, Food and Medical Controls Department has granted the company to start its commercial production of various External preparation, Capsule, Oral Liquid categories at its manufacturing unit.

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Board of Mahindra Lifespace Developers recommends final dividend
Apr 24,2017

Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 22 April 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Mahindra Lifespace Developers to hold AGM
Apr 24,2017

Mahindra Lifespace Developers announced that the 18th Annual General Meeting (AGM) of the company will be held on 25 July 2017.

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