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Shaba Chemicals to hold board meeting
Jul 17,2017

Shaba Chemicals will hold a meeting of the Board of Directors of the Company on 22 July 2017 UNAUDITED FINANCIAL RESULT FOR THE QUARTER & NINE MONTHS ENDED 30THJUNE , 2016 AND CLOSURE OF TRADING WINDOW

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Simplex Papers to hold board meeting
Jul 17,2017

Simplex Papers will hold a meeting of the Board of Directors of the Company on 8 August 2017 Quarterly Results

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M&M accelerates after LIC sells part stake
Jul 17,2017

The company made the announcement on Saturday, 15 July 2017.

Meanwhile, the S&P BSE Sensex was up 69.22 points or 0.22% at 32,089.97.

High volumes were witnessed on the counter. On the BSE, 9.75 lakh shares were traded on the counter so far as against the average daily volumes of 1.62 lakh shares in the past one quarter. The stock had hit a high of Rs 1,402 and a low of Rs 1,378.05 so far during the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016 and a 52-week low of Rs 1,141.80 on 2 December 2016.

The stock had underperformed the market over the past one month till 14 July 2017, falling 1.98% compared with 2.78% gains in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 7.59% as against Sensexs 8.69% gains. The scrip had also underperformed the market in past one year, dropping 4.75% as against Sensexs 14.6% rise.

The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

Life Insurance Corporation of Indias stake in Mahindra & Mahindra (M&M) has fallen to 9.958% from the earlier 11.959% after the sale.

M&Ms net profit rose 19.9% to Rs 725.16 crore on 3.3% rise in net sales to Rs 11125.15 crore in Q4 March 2017 over Q4 March 2016.

M&M enjoys a leadership position in tractors and utility vehicles in India.

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Unabated Climate Change Would Reverse the Hard-Earned Development Gains in Asia-ADB
Jul 17,2017

Unabated climate change would bring devastating consequences to countries in Asia and the Pacific, which could severely affect their future growth, reverse current development gains, and degrade quality of life, according to a report produced by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK).

Under a business-as-usual scenario, a 6 degree Celsius temperature increase is projected over the Asian landmass by the end of the century. Some countries in the region could experience significantly hotter climates, with temperature increases in Tajikistan, Afghanistan, Pakistan, and the northwest part of the Peoples Republic of China (PRC) projected to reach 8 degree Celsius, according to the report, titled n++A Region at Risk: The Human Dimensions of Climate Change in Asia and the Pacific.n++

These increases in temperature would lead to drastic changes in the regions weather system, agriculture and fisheries sectors, land and marine biodiversity, domestic and regional security, trade, urban development, migration, and health. Such a scenario may even pose an existential threat to some countries in the region and crush any hope of achieving sustainable and inclusive development.

n++The global climate crisis is arguably the biggest challenge human civilization faces in the 21st century, with the Asia and Pacific region at the heart of it all,n++ said Bambang Susantono, ADB Vice-President for Knowledge Management and Sustainable Development. n++Home to two-thirds of the worlds poor and regarded as one of the most vulnerable region to climate change, countries in Asia and the Pacific are at the highest risk of plummeting into deeper poverty n++ and disaster n++ if mitigation and adaptation efforts are not quickly and strongly implemented.n++

The Asian countries hold Earths future in their hands. If they choose to protect themselves against dangerous climate change, they will help to save the entire planet,n++ said Professor Hans Joachim Schellnhuber, PIK Director. n++The challenge is twofold. On the one hand, Asian greenhouse-gas emissions have to be reduced in a way that the global community can limit planetary warming to well below 2 degrees Celsius, as agreed in Paris 2015. Yet even adapting to 1.5 degrees Celsius temperature rise is a major task. So, on the other hand, Asian countries have to find strategies for ensuring prosperity and security under unavoidable climate change within a healthy global development. But note that leading the clean industrial revolution will provide Asia with unprecedented economic opportunities. And exploring the best strategies to absorb the shocks of environmental change will make Asia a crucial actor in 21st-century multilateralism.

More intense typhoons and tropical cyclones are expected to hit Asia and the Pacific with rising global mean temperatures. Under a business-as-usual scenario, annual precipitation is expected to increase by up to 50% over most land areas in the region, although countries like Pakistan and Afghanistan may experience a decline in rainfall by 20-50%.

Coastal and low-lying areas in the region will be at an increased risk of flooding. Nineteen of the 25 cities most exposed to a one-meter sea-level rise are located in the region, 7 of which are in the Philippines alone. Indonesia, however, will be the most affected country in the region by coastal flooding with approximately 5.9 million people expected to be affected every year until 2100.

Increased vulnerability to flooding and other disasters will significantly impact the region n++ and the world n++ economically. Global flood losses are expected to increase to $52 billion per year by 2050 from $6 billion in 2005. Moreover, 13 of the top 20 cities with the largest growth of annual flood losses from 2005-2050 are in Asia and the Pacific: Guangzhou, Shenzhen, Tianjin, Zhanjiang, and Xiamen (PRC); Mumbai, Chennai-Madras, Surat, and Kolkata (India); Ho Chi Minh City (Viet Nam); Jakarta (Indonesia); Bangkok (Thailand); and Nagoya (Japan).

Climate change will also make food production in the region more difficult and production costs higher. In some countries of Southeast Asia, rice yields could decline by up to 50% by 2100 if no adaptation efforts are made. Almost all crops in Uzbekistan, meanwhile, are projected to decrease by 20-50% by 2050 even in a 2 degree Celsius temperature increase (Paris Agreement scenario). Food shortages could increase the number of malnourished children in South Asia by 7 million, as import costs will likely increase in the subregion to $15 billion per year compared to $2 billion by 2050.

Marine ecosystems, particularly in the Western Pacific, will be in serious danger by 2100. All coral reef systems in the subregion will collapse due to mass coral bleaching if global warming increases by 4 degree Celsius (global business-as-usual scenario). Even with a 1.5 degree Celsius temperature increase, 89% of coral reefs are expected to suffer from serious bleaching, severely affecting reef-related fisheries and tourism in Southeast Asia.

Climate change also poses a significant risk to health in Asia and the Pacific. Already, 3.3 million people die every year due to the harmful effects of outdoor air pollution, with the PRC, India, Pakistan, and Bangladesh being the top four countries experiencing such deaths. In addition, heat-related deaths in the region among the elderly are expected to increase by about 52,000 cases by 2050 due to climate change, according to data from the World Health Organization. Deaths related to vector-borne diseases such as malaria and dengue may also increase.

A business-as-usual approach to climate change could also disrupt functioning ecosystem services, prompting mass migration n++ mostly to urban areas n++ that could make cities more crowded and overwhelm available social services.

Moreover, a warmer climate for the region could endanger energy supply. Climate change can exacerbate energy insecurity through continued reliance on unsustainable fossil fuels, reduced capacities of thermal power plants due to a scarcity of cooling water, and intermittent performance of hydropower plants as a result of uncertain water discharges, among other factors. Energy insecurity could lead to conflicts as countries compete for limited energy supply.

To mitigate the impact of climate change, the report highlights the importance of implementing the commitments laid out in the Paris Agreement. These include public and private investments focused on the rapid decarbonization of the Asian economy as well as the implementation of adaptation measures to protect the regions most vulnerable populations. Climate mitigation and adaptation efforts should also be mainstreamed into macro-level regional development strategies and micro-level project planning in all sectors, in addition to the ongoing renewable energy and technology innovation efforts in urban infrastructure and transport. The region has both the capacity and weight of influence to move towards sustainable development pathways, curb global emissions, and promote adaptation, the report concludes.

ADB approved a record $3.7 billion in climate financing in 2016 and has committed to further scale up its investments to $6 billion by 2020.

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Rolta jumps after securing order
Jul 17,2017

The announcement was made during market hours today, 17 July 2017.

Meanwhile, the S&P BSE Sensex was up 68.38 points or 0.21% at 32,089.13. The S&P BSE Small-Cap index rose 9.11 points or 0.06% at 15,917.12.

On the BSE, 5.78 lakh shares were traded on the counter so far as against the average daily volumes of 1.51 lakh shares in the past one quarter. The stock had hit a high of Rs 63.90 and a low of Rs 58.70 so far during the day. The stock had hit a 52-week high of Rs 74.30 on 13 December 2016 and a 52-week low of Rs 48.10 on 9 November 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 14.94% compared with the Sensexs 2.78% rise. The stock had, however, underperformed the market over the past one quarter, declining 0.76% as against the Sensexs 8.69% rise. The scrip had also underperformed the market over the past one year, sliding 11.97% as against the Sensexs 14.6% rise.

The small-cap company has equity capital of Rs 164.86 crore. Face value per share is Rs 10.

Rolta announced that it has been selected to provide a transformational Geospatial solution worth $10.8 million for one of the largest countries in the Middle East. This solution will be an integral element for supporting a prestigious national level Digital Transformation program to fulfill their ambitious vision spanning the next 15-years.

On consolidated basis, Rolta Indias net profit rose 41.68% to Rs 52.34 crore on 19.74% decline in net sales to Rs Q4 March 2017 over Q3 December 2016.

Rolta is a leading provider of innovative IP-led IT solutions for many vertical segments, including federal and state governments, utilities, oil & gas, petrochemicals, financial services, manufacturing, retail, and healthcare.

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M.D. Inducto Cast announces change in directorate
Jul 17,2017

M.D. Inducto Cast announced that the Board of Directors of the Company at its meeting held on 30 June 2017 has appointed Vinod Kumar Jangid as an Independent Director (Additional Director) and Ashokkumar Jagdishram Gupta as Chairman in place of Himanshu Desai.

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JMG Corporation appoints director
Jul 17,2017

JMG Corporation announced the appointment of Shabina Fatima as a Women Director (Non-executive & Independent) with effect from 14 July 2017.

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Shreyans Industries announces resignation of company secretary and compliance officer
Jul 17,2017

Shreyans Industries announced that Videshwar Sharma has resigned as Company Secretary and Compliance Officer with effect from 15 July 2017.

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Sharp India director resigns
Jul 17,2017

Sharp India announced that Kazunori Ajikawa has resigned as a Director of the Company with effect from 14 July 2017.

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Rolta India to provide Geospatial solution worth $10.8 million
Jul 17,2017

Rolta India announced that it has been selected to provide a transformational Geospatial solution worth $10.8 million for one of the largest countries in the Middle East. This solution will be an integral element for supporting a prestigious national level Digital Transformation program to fulfil their ambitious vision spanning the next 15 years.

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Lumax Industries to hold board meeting
Jul 17,2017

Lumax Industries will hold a meeting of the Board of Directors of the Company on 22 July 2017 to consider and approve the Unaudited Financial Results for the 1st Quarter ended 30th June, 2017.

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Vinayak Vanijya to hold board meeting
Jul 17,2017

Vinayak Vanijya will hold a meeting of the Board of Directors of the Company on 19 July 2017 AGM

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Shukra Bullions to hold board meeting
Jul 17,2017

Shukra Bullions will hold a meeting of the Board of Directors of the Company on 24 July 2017 s required under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements)

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Bella Casa Fashion & Retail to hold AGM
Jul 17,2017

Bella Casa Fashion & Retail announced that the 21th Annual General Meeting(AGM) of the company on 12 August 2017.

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Sang Froid Labs (India) to hold board meeting
Jul 17,2017

Sang Froid Labs (India) will hold a meeting of the Board of Directors of the Company on 18 July 2017 To appoint Statutory Auditor of the Company to fill the casual vacancy caused by the resignation of existing Statutory Auditors of the Company.

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