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Airport Expansion, Enhanced Regional Air Connectivity & Expansion in Air Traffic is top Priority of Govt.: Ashok Gajapathi Raju
Nov 22,2016

Minister of Civil Aviation, Ashok Gajapathi Raju Pusapati, remarked that with new civil aviation policy in place and other associated reforms accompanying it, the civil aviation sector would emerge to serve the un-served at affordable pace.

Minister of Civil Aviation, Ashok Gajapathi Raju Pusapati reassured the Indian civil aviation industry, emphasizing that the government of the day is exploring all possibilities for capacity expansion of leading airports in the country as well doing its best to make sure that the regional air connectivity is accomplished as per its UDAAN initiative.

The Minister also stressed that though the domestic civil aviation industry has been growing at a rate of more than 20% in the last few years, admitting that higher passenger growth in civil aviation sector is still a challenge for the government which could be won with addition of capacities in Indias leading airports.

Ashok Gajapathi Raju Pusapati also emphasized that the cargo sector of Indian civil aviation though has developed but needed further expansion and development since the industry as such has been growing over 20% per annum and hoped that this growth rate would even exceed in times to come in view of Indias economic potential with its high appetite for higher growth.

Minister of State, Ministry of Civil Aviation, Mr. Jayant Sinha asked civil aviation industry to grow in such a manner so that its passenger traffic, currently estimated at about 150 million for domestic and overseas sector multiplies manifold and catches on pace with the air traffic of China which presently is calculated at 500 million per annum.

In order to achieve this objective, the ministry has been adopting three pronged strategy under its UDAAN commitment which includes expansion of airports capacities, ensure regional connectivity and equip the air passenger with better level of satisfaction and experience under its Air Sewa initiative, emphasized the minister adding that the government would do all possible to transform the civil aviation sector.

Secretary, Civil Aviation, Rajiv Nayan Choubey, reiterated the government commitment for higher growth of civil aviation sector with all possible governments initiatives in partnership spirit, adding that by December 2016 dozen of schedule commercial operations could begin to connect small towns in the country under its regional connectivity drive.

Minister, Government of Ireland, Pat Breen emphasized that India and Ireland should have stronger partnership to expand Indias civil aviation sector as his country is one of the global leaders in this sector, particularly on leasing out operations in which Ireland has already established its hegemony.

Chairman Civil Aviation Committee, PHD Chamber, K Narayana Rao proposed to the government to bring in civil aviation sector under priority lending scheme of the government, especially for acquiring smaller air crafts for enhanced regional air connectivity.

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Lupin allots equity shares
Nov 22,2016

Lupin announced that the Allotment Committee of Directors at its meeting held on 22 November 2016 has allotted 94119 fully paid up equity shares of Rs. 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs. 90,26,74,272 consisting 45,13,37,136 equity shares of Rs. 2/- each.

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Captain Polyplast fixes record date for interim dividend
Nov 22,2016

Captain Polyplast has fixed 02 December 2016 as the Record Date for the purpose of Payment of Interim Dividend for the year 2016-17.

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Vedanta gains after board OKs fund raising
Nov 22,2016

The announcement was made during market hours today, 22 November 2016.

Meanwhile, the BSE Sensex was up 154.12 points, or 0.60%, to 25,919.26.

On BSE, so far 8.18 lakh shares were traded in the counter, compared with average daily volume of 11.33 lakh shares in the past one quarter. The stock hit a high of Rs 206.20 and a low of Rs 199.10 so far during the day. The stock hit a 52-week high of Rs 233.65 on 10 November 2016. The stock hit a 52-week low of Rs 58.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 21 November 2016, falling 3.10% compared with the 8.23% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.15% as against Sensexs 7.95% decline.

The large-cap company has equity capital of Rs 296.47 crore. Face value per share is Re 1.

Vedanta announced that it has received boards approval to raise Rs 300 crore through issue of 3,000 secured redeemable non-cumulative non-convertible debentures (NCDs) of face value of Rs 10 lakh each. The tenure of the NCDs is three years and five months from the date of allotment, while date of maturity is 22 April 2020. Crisil has assigned AA-/Stable rating to the said instrument.

In a separate announcement today, 22 November 2016, the company said that the board has approved the appointment of chief financial officer Arjun Kumar GR as a whole-time director of the company and Bhumika Sood as company secretary. The appointments reflect the focus of Vedanta towards empowering its professionals and developing in-house talent, said, Tom Albanese, CEO, Vedanta.

On a consolidated basis, Vedantas net profit rose 17.14% to Rs 1252.13 crore on 4.13% decline in net sales to Rs 15665.64 crore in Q2 September 2016 over Q2 September 2015.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.

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Tirupati Sarjan to build new construction for The Gujarat Cancer & Research Institute
Nov 22,2016

Tirupati Sarjan has been awarded work for New Construction of Hospital Building (Phase - IC) for The Gujarat Cancer & Research Institute at Civil Hospital Campus, Asarwa, Ahmedabad of Rs. 67.46 Crore.

The entire work will be completed within 18 (Eighteen) calendar months from the date of Commencement of work.

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Shoppers Stop provides business update
Nov 22,2016

Shoppers Stop has opened one M.A.C door at Inorbit Mall, Malad, Mumbai.

With the opening of this store, the Company has now 41 M.A.C doors under its operations.

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Board of GOL Offshore to consider September quarter and half year results
Nov 22,2016

GOL Offshore announced that a meeting of the Board of Directors of the Company is scheduled to be held on 08 December 2016, inter alia, to consider and approve the Un-audited Financial Results of the Company [in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS Rules)], for the quarter and half year ended 30 September 2016.

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Sundaram Multi Pap closes QIP issue
Nov 22,2016

Sundaram Multi Pap announced that in respect of the qualified Institutions Placement, the Board of directors has, at its meeting held on 21 November 2016, interalia, passed a resolution declaring the closure of the Qualified Instituions Placement on 21 November 2016.

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FICCI launches Self-regulation Code of Conduct for the e-pharmacy sector
Nov 22,2016

The Federation of Indian Chambers of Commerce and Industry (FICCI) announced the launch of Self-regulation Code of Conduct for the E pharmacy sector in the presence of key stakeholders here. Accessibility, affordability and lack of awareness are the major challenges for last mile access to medicines. These barriers could be effectively overcome by adopting technology, specifically the Internet, into the healthcare system. Over the last one year, E-pharmacy has come up as a significant channel to provide last mile access to medicines. This will most importantly benefit patients of chronic diseases, elderly patients and sick patients who are not in a condition to go out to find a pharmacy. The E-Pharmacy model provides tracking and traceability of medicines, addressing the problem of counterfeit medicines, consumption of drugs without prescription, tax loss and provides value added services for consumer empowerment in healthcare, which are well aligned with Digital India initiative of our Honourable Prime Minister with a vision to transform the country into a digitally empowered society. The conference started with the release of the Selfregulation Code of Conduct -an attempt by the Industry to adhere to the highest professional standards and to have proper safeguards so as to ensure that consumers health and safety is not compromised.

1. Processing medicines against Prescription Scheduled medicines must be processed only against a valid copy of prescription (physical or scanned copy) of a registered medical practitioner

2. Restriction of Sensitive habit forming medicines E pharmacy must ensure that no schedule X and other sensitive habit forming medicines are processed through their platform. Ensure there are adequate checks and balances in place to prevent sale of any such drugs.

3. Dispensation only from duly licensed pharmacy domiciled in India E Pharmacy must ensure that the medicines are dispensed through licensed pharmacies only. The E pharmacy must make reasonable effort to ensure that all the pharmacy partners (before facilitating the sale of any medicines through such pharmacy partners) are duly registered under the Drugs & Cosmetics Act/ Rules.

4. Convenient access of medicines E-pharmacy player must make suitable arrangements to ensure that the medicines are packed, transported and delivered in such a way that their integrity, quality, and effectiveness are preserved.

5. Public health Initiatives of Government of India E pharmacy players must partner with Government for any recall of medicines and collect adverse events of medicines (consumer reports) and comply to submit them to National Centre for Pharmacovigilance.

6. Customer grievances E pharmacy must ensure that there is a proper mechanism in place to address any queries or grievances that the end-customer may have. E pharmacy players must appoint an ombudsman commission comprising of reputed members of civil society to address any public grievance. The Ombudsman commission shall be appointed for six months by members of the governing council in consultation with other stakeholders.

Didar Singh, Secretary General, FICCI voiced the support of consumer friendly models and mentioned that India needs to move with the times and embrace new age models to stay ahead. Also FICCI has been at the forefront helping many sectors operate with a process of developing self-governance models, and this initiative is a step in the right direction to help enable this sector of the economy

Arvind Gupta, Head of Digital India Foundation said n++we need to embrace technology - in both offline and online models. There is a great opportunity to take this ecosystem ahead by leveraging the India stack using the existing infrastructure of Aadhar and Digi-locker to maintain the repository of prescription, health records and monitor the dispensing of sensitive medicines. All pharmacies, online or offline, should check prescriptions on this lockern++

Noted consumer activist, Bejon Mishra, welcomed the initiative and re-iterated that there is no difference between e-Pharmacy and offline pharmacy, and both should operate with compliance and maintain proper records and dispense with prescription. He also congratulated the effort of the association to come up with progressive self-regulation framework and suggested that there be mechanisms put in place to make sure this is adhered to.

Prashant Tandon, CEO and Founder of 1mg mentioned that this group of progressive epharmacies have come up with code of conduct in the interest of consumers and as a group they look forward to productive engagement with the regulator to help make the Indian pharmacy sector a model sector.n++

Pawan Kaul, Co-Chair of FICCI e-commerce committee added that n++by recognising and registering the legitimate e pharmacies, Government can easily address the challenges by maintaining sanctity of both IT act and Drug and Cosmetic Act. This will bring effectiveness and efficiency in the entire ecosystem.n++

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Bhageria Industries gets revision in credit ratings for bank facilities
Nov 22,2016

Bhageria Industries has received revision in credit ratings from CARE as follows -

Bank Facilities - Fund based - LT (Rs 6.42 crore) - CARE BBB (assigned)
Bank Facilities - Fund based - LT (Rs 105 crore) - CARE BBB (reaffirmed)
Bank Facilities - Fund based - ST (Rs 40.58 crore) - CARE A3+ (assigned)
Bank Facilities - Non Fund based - ST (Rs 8 crore) - CARE A3+ (assigned)

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Board of Lloyd Rock Fibers appoints company secretary and compliance officer
Nov 22,2016

The Board of Lloyd Rock Fibers at its meeting held on 21 November 2016 has appointed Neetu Varshney as Company Secretary with effect from 21 November 2016. Neetu Varshney has been appointed as Compliance Officer in place of Gaurav Punj with effect from 21 November 2016. The board has accepted the resignation of A C Sharma from post of Director with effect from 18 November 2016.

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Shoppers Stop gains after opening of M.A.C store
Nov 22,2016

With the opening of the latest store, the company has now 41 M.A.C doors under its operations, Shoppers Stop said. The announcement was made during market hours today, 22 November 2016.

Meanwhile, the S&P BSE Sensex was up 64.18 points or 0.25% at 25,829.32

Meanwhile, a bulk deal of 3 lakh shares was executed on the counter at Rs 295 per share at 09:51 IST on BSE. Bulk deal boosted volume on the Shoppers Stop scrip. On BSE, so far 3.42 lakh shares were traded in the counter as against average daily volume of 933 shares in the past one quarter. The stock hit a high of Rs 301 and a low of Rs 292 so far during the day. The stock hit a 52-week high of Rs 422 on 23 December 2015. The stock hit a 52-week low of Rs 290.15 on 21 November 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, sliding 19.59% compared with the 8.23% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 19.54% as against Sensexs 7.95% decline.

The small-cap company has an equity capital of Rs 41.75 crore. Face value per share is Rs 5.

Shoppers Stops net profit fell 11.06% to Rs 10.69 crore on 7.14% growth in net sales to Rs 939.53 crore in Q2 September 2016 over Q2 September 2015.

Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.

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Shoppers Stop gains after opening of MAC store
Nov 22,2016

The announcement was made during market hours today, 22 November 2016.

Meanwhile, the S&P BSE Sensex was up 64.18 points or 0.25% at 25,829.32

Meanwhile, a bulk deal of 3 lakh shares was executed on the counter at Rs 295 per share at 09:51 IST on BSE. Bulk deal boosted volume on the Shoppers Stop scrip. On BSE, so far 3.42 lakh shares were traded in the counter as against average daily volume of 933 shares in the past one quarter. The stock hit a high of Rs 301 and a low of Rs 292 so far during the day. The stock hit a 52-week high of Rs 422 on 23 December 2015. The stock hit a 52-week low of Rs 290.15 on 21 November 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, sliding 19.59% compared with the 8.23% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 19.54% as against Sensexs 7.95% decline.

The small-cap company has an equity capital of Rs 41.75 crore. Face value per share is Rs 5.

With the opening of the latest store, the company has now 41 MAC doors under its operations, Shoppers Stop said. MAC stands for Make-up Art Cosmetics. MAC is a leading brand of professional cosmetics, created in Toronto, Canada in 1984 to support the special needs of professional makeup artists - a collection of colors, products and tools that meet the demanding lighting and studio conditions under which the pros work.

Shoppers Stops net profit fell 11.06% to Rs 10.69 crore on 7.14% growth in net sales to Rs 939.53 crore in Q2 September 2016 over Q2 September 2015.

Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.

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Shalimar Paints jumps on bargain hunting
Nov 22,2016

Meanwhile, the BSE Sensex was up 57.51 points, or 0.22%, to 25,822.65.

On BSE, so far 23,000 shares were traded in the counter, compared with average daily volume of 47,645 shares in the past one quarter. The stock hit a high of Rs 129 and a low of Rs 120.20 so far during the day. The stock hit a record high of Rs 223.60 on 23 August 2016. The stock hit a 52-week low of Rs 88.70 on 12 February 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, falling 38.50% compared with the 8.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 41.07% as against Sensexs 7.95% decline.

The small-cap company has equity capital of Rs 3.79 crore. Face value per share is Rs 2.

Shalimar Paints announced during market hours yesterday, 21 November 2016, that there has been a fire accident in one of the plants of the company at Gonde Dumala village, Igatpuri, Nasik on 19 November 2016. There has been no loss or injury to human life. The company is in the process of ascertaining the actual loss caused by the fire and also is in process of informing the same to the insurance company, Shalimar Paints said. The company is taking adequate steps to ensure re-functioning of the plant at the earliest, it said.

Following the announcement, shares of Shalimar Paints slumped 15.02% to Rs 121.40 yesterday, 21 November 2016.

Shalimar Paints net profit rose 95.97% to Rs 2.43 crore on 0.11% increase in total income to Rs 103.15 crore in Q2 September 2016 over Q2 September 2015.

Shalimar Paints is Indias iconic paint-maker. Established in 1902, the countrys first paint company is a pioneer in the field of paints and coatings.

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Gartner Says Indias Digital Commerce Players Needs to Find a Sustainable Growth Model
Nov 22,2016

Digital commerce sales in India have remained flat, so digital commerce companies need to identify a sustainable growth model that can be achieved in a defined timeframe, according to Gartner, Inc. One of the challenges was that leading marketplaces cut back on promotions and discounts after the regulation banning price competition came out in March 2016.

Digital commerce is at an early stage in India, and consumers are value-conscious, so they are enticed when there are big promotions and steep discounts. said Gene Alvarez, managing vice president at Gartner. However, sales stalled once incentives were not present, challenging the performance of digital commerce players. This is partially a result of the continuous discounts at online marketplaces that are competing fiercely to gain market share, and which sets them to an incentive-driven growth model.

None of the digital commerce companies in India are profitable. They typically earn between 5-15 percent commissions of product sales, but the massive discounts on top of the investment needed to expand to more geographies saw those companies losing money. This can be a serious problem when the capital market tightens up.

The problem is being neglected when there is plenty of funding, and companies can live off sufficient capital. Once the market tightens, it is a survival game that only those that watch the bottom line and cash flows will win in the end, said Mr. Alvarez, There is a need to go back to the basics, that is, to operate on a sustainable growth model. Of which, customer experience and data-driven incentives are two fundamental factors.

Customer Experience: This is the most important differentiator of a digital commerce service as price becomes transparent across sites. Discounts will only retain customers as long as the promotion lasts, while good customer experience will make people come back and purchase more even when there is no promotion. Good customer experience will also entice new customers as word-of-mouth spreads, and visitors experience the service themselves. Customer experience goes beyond a frictionless shopping experience on the website or in the mobile app, and includes delivery, custom service, returns, retail discovery, customer ratings and reviews.

Data-driven incentives: Promotions and discounts are still important techniques to drive sales. However, they need to have positive return on investments (ROIs). Businesses can not only recover the cost of incentives but also make a profit. This requires businesses to personalize incentives based on shoppers profiles and purchasing propensity, and only give out the amount that is enough to trigger a purchase but not too much to lose money. This capability takes time to build as it requires data analytics and personalization technologies, built on the data collected about the shoppers.

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