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Discussion in 'Must-Read Interviews, Articles & News Items' started by RAMA MURTHY SASTRY CHALLA, Oct 27, 2015.

  1. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    GDF International to sell 10% stake in Petronet LNG

    GDF has offered each of the Promoter a first right of purchase/refusal in relation to the proposed sale of 10% equity shares in the Company

    GDF International, who is holding 10% Equity Share Capital in Petronet LNG, has proposed to divest its entire shareholding in the Company. GDF has offered each of the Promoter a first right of purchase/refusal in relation to the proposed sale of 10% Equity Shares in the Company in the same proportion in which the promoter are holding equity shares in the Company.

    Petronet LNG (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.
    source: ventura
     
  2. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Shree Renuka Sugars issues shares worth Rs 27.21 crore to SCB

    The paid up share capital of the company stands increased from about Rs 92.88 crore to Rs 94.52 crore

    Shree Renuka Sugars has allotted shares worth Rs 27.21 crore to Standard Chartered Bank (SCB) against the part-conversion of its loan. The allotment committee of the Board of Directors approved the allotment of 1,64,35,338 equity share of face value of Re 1 at a price of Rs 16.56 per equity shares aggregating to Rs 27,21,69,197.28 to SCB. As a result, the paid up share capital of the company stands increased from about Rs 92.88 crore to Rs 94.52 crore.

    Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world.
    source: ventura
     
  3. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Varun Beverages divests 41% stake in Varun Beverages Mozambique

    The subsidiary contributed only 0.6% to the net revenues in 2016

    Varun Beverages (VBL), a key player in the beverage industry, has divested 41% stake in its Mozambique subsidiary, Varun Beverages Mozambique. The subsidiary contributed only 0.6% to the net revenues in 2016.

    The divestment of the stake is in view of limited opportunity to scale-up operations which would have enabled the company to turnaround the loss making subsidiary. The company continues to hold a residual stake of 10% in the unit. The subsidiary recorded a loss of Rs 99 million in CY2016.

    Varun Beverages is one of the largest franchisee in the world (outside US) of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company produces and distributes a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water.
    source: ventura
     
  4. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Oil India inks MoU to augment reserves base, maximize recovery from ageing oilfields

    The major focus of the MoU with University of Houston is collaboration in the areas of improved oil recovery and EOR for augmenting the production from matured fields

    Oil India (OIL) has signed a MoU with the University of Houston in a bid to augment its reserves base and maximize recovery from its ageing oilfields. The major focus of the MoU is collaboration in the areas of improved oil recovery and enhanced oil recovery (EOR) for augmenting the production from matured fields, improvement in drilling and well intervention practices, seismic interpretation and reservoir characterization studies, and unconventional hydrocarbon studies.

    Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company, while IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
    source: ventura
     
  5. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    SGX Nifty Today at 9194 at 7.26 am (Indian time )
    source : sgxnifty dot org
     
  6. Bhavna chhaya

    Bhavna chhaya New Member

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    Ok. Thanks RAMA SIR.
     
  7. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Dabur India launches mobile honey-testing lab

    The company’s mobile honey-testing lab will offer rapid and cost-effective services to test the quality of honey from the source, thereby cutting off adulteration

    Dabur India has launched an on-the-wheels lab to test honey so as to help reduce adulteration and ensure greater purity of the product. With the help of the mobile honey-testing lab, bee-keepers can now test the purity of their honey and avoid adulteration.

    The mobile honey-testing lab was flagged off from Dabur Research and Development Centre in Sahibabad. The company’s mobile honey-testing lab will offer rapid and cost-effective services to test the quality of honey from the source, thereby cutting off adulteration.
    source: ventura
     
  8. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Glenmark Pharmaceuticals receives EIR for Ankleshwar plant

    The EIR is issued by the USFDA only if it finds the facility to be deemed acceptable

    Glenmark Pharmaceuticals has received the EIR (Establishment Inspection Report) for its Ankleshwar plant. The EIR is issued by the US Food and Drug Administration (USFDA) only if it finds the facility to be deemed acceptable.

    The company has recently has received USFDA clearance for its Investigational New Drug (IND) application to begin a Phase 2 study of GSP 304 (tiotropium bromide) for administration by nebulization for the long term, once-daily, maintenance treatment of bronchospasm associated with chronic obstructive pulmonary disease (COPD).

    Glenmark Pharmaceuticals is a global innovative pharmaceutical company with operations in more than 80 countries. It has a diverse pipeline with several compounds in various stages of clinical development primarily focused in the areas of oncology, respiratory disease, and dermatology.
    source: ventura
     
  9. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Heritage Foods commissions 1st cattle feed plant in Andhra Pradesh
    source : moneycontrol
     
  10. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Heritage Foods commissions first Cattle Feed Plant in Andhra Pradesh

    The successful commissioning has been possible due to the unstinted efforts by the Heritage Team and Several Vendors

    Heritage Foods (HFL) has commissioned first Cattle Feed Plant located at APIIC industrial area, Gollapuram (Vill), Hindupur (Mandal), Anantapur District in Andhra Pradesh on March 15, 2017. This is fully automatic cattle feed plant with latest technology with a capacity of 200 Tons Per Day.

    The successful commissioning of the plant has been possible due to the unstinted efforts by the Heritage team and several vendors. This plant can provide high quality and nutrient cattle feed to the cattle of the farmers for further improvement of their living.

    Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Daily, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
    source: ventura
     
  11. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    INFOSYS Q4 cons PAT Rs.3603cr vs Rs.3597cr yoy, vs Rs.3708cr qoq
     
  12. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Zuari Agro Chemicals resumes production at Urea/Ammonia plants

    Earlier on March 19, 2017, the company shut down its Urea/Ammonia Plants for annual maintenance

    Zuari Agro Chemicals has resumed production at its Urea/Ammonia plants. Earlier on March 19, 2017, the company shut down its Urea/Ammonia Plants for annual maintenance.

    Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
    source: ventura
     
  13. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Dish TV expects to complete merger with Videocon Group’s DTH arm by October 2017

    The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry

    Dish TV is expecting to complete the merger with Videocon Group’s direct-to-home (DTH) arm Videocon d2h by October this year after receiving necessary regulatory approvals. The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry.

    Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers. The merged entity will be renamed as Dish TV Videocon. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.

    At present, out of Dish TV’s 15.5 million subscriber base, around 35 per cent are from top 100 cities and the rest 65 per cent are from small towns and rural markets.
    source: ventura
     
  14. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Solar tariffs fall to record low at NTPC auction

    The project has been awarded to the Indian arm of French clean energy firm Solairedirect SA which quoted levelised tariff of Rs 3.15/KWh

    Solar tariffs in India reduced to yet another record low at the NTPC-conducted auction of 250 MW at the Kadapa Solar Park in Andhra Pradesh. The project has been awarded to the Indian arm of French clean energy firm Solairedirect SA which quoted levelised tariff of Rs 3.15/KWh. The earlier record of Rs 3.30 per unit levelised tariff for Rewa Ultra Mega Solar Power Project in Madhya Pradesh has been broken by NTPC.

    At current rates, solar power generation cost is at par with that of thermal power generation. Solar power tariff has been declining on account of sharply declining prices of solar panels, better structuring of the project that reduces risk for project developers and better currency hedging deals that make financing available at competitive cost. This is a shot in the arm for the Prime Minister Narendra Modi’s vision of providing 175 GW of power through renewable sources by 2022.
    source: ventura
     
  15. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Apollo Tyres to increase market share to 3.5% from 2.5% in Europe: Report

    The company is also planning to start supplying to major brands, including Volkswagen and Mercedes-Benz

    Apollo Tyres is reportedly planning to increase its market share to 3.5 percent from current 2.5 percent in the next two-three years in Europe. The company is also planning to start supplying to major brands, including Volkswagen and Mercedes-Benz. It said the US would be its next stop for building brands.

    Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.
    source: ventura
     
  16. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Alembic Pharmaceuticals successfully completes USFDA inspection at Baroda facility

    There were no 483s issued by USFDA at the end of the inspection

    Alembic Pharmaceuticals’ Bioequivalence facility located at Baroda was successfully inspected by US Food & Drug Administration (USFDA) between March 06, 2017 & March 10, 2017, between March 13, 2017 and March 17, 2017 and between April 10, 2017 to April 12, 2017 for Bioequivalence Clinical, Bioequivalence Bioanalytical and Pharmacovigilance. There were no 483s issued by USFDA at the end of the inspection.

    Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907. The company manufactures and markets generic pharmaceuticals products all over the world.
    source: ventura
     
  17. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Tata Power achieves 100% Cashless Payments

    Tata Power now makes payments to all its vendors and employees through digital payment modes or via their bank accounts directly or through cheques

    Tata Power, India's largest integrated power company, has achieved complete zero cash payables. The company is working towards bringing down cash collections from its electricity customers albeit with regulatory support. This initiative by Tata Power complements the call given by Government of India to use digital and banking means to pay its employees, contractors and associates.

    As part of this initiative of promoting cashless payments, Tata Power now makes payments to all its vendors, and employees through digital payment modes or via their bank accounts directly or through cheques. No cash is paid even for sundry advances. On the customers’ collection front, Tata Power is looking to reduce its cash intake by implementing initiatives such as ATPM (Automatic Payment machine) Machine to receive cash, Bharat bill payment system (BBPS) and UPI (Unified payment Interface), etc.

    India is currently in the middle of an all-out movement to digitalize the way transactions are paid; and Tata Power is at the forefront of this campaign.
    source: ventura
     
  18. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    PNC Infratech receives Financial Closure for Dausa-Lalsot-Kauthun section

    This Project is being implemented by PNC Rajasthan Highways, SPV incorporated by the company

    PNC Infratech has received letter from National Highways Authority of India (NHAI) regarding the achievement of Financial Closure on April 03, 2017 for the project four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model. This Project is being implemented by PNC Rajasthan Highways, Special Purpose Vehicle (SPV) incorporated by the company.

    PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
    source: ventura
     
  19. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    Tata Metaliks reports 5% rise in Q4 net profit

    Total income from operations of the company increased by 9.22% at Rs 414.96 crore for quarter under review

    Tata Metaliks has reported results for the fourth quarter and year ended March 31, 2017.

    The company has reported a rise of 5.08% in its net profit at Rs 40.36 crore for the quarter ended March 31, 2017 as compared to Rs 38.41 crore for the same quarter in the previous year. Total income from operations of the company increased by 9.22% at Rs 414.96 crore for quarter under review as compared to Rs 379.93 crore for the quarter ended March 31, 2016.

    For the year ended March 31, 2017, the company has reported a rise of 3.37% in its net profit at Rs 116.05 crore as compared to Rs 112.27 crore for the same period in the previous year. Total income from operations of the company increased marginally by 1.43% at Rs 1410.09 crore for year under review as compared to Rs 1390.21 crore for the period ended March 31, 2016.
    source: ventura
     
  20. RAMA MURTHY SASTRY CHALLA

    RAMA MURTHY SASTRY CHALLA Well-Known Member

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    IDFC Bank reports 7% jump in Q4 net profit

    Total income of the Bank increased by 16.71% at Rs 2279.65 crore for quarter under review

    IDFC Bank has reported results for the fourth quarter and year ended March 31, 2017.

    The Bank has posted a rise of 6.60% in its net profit at Rs 175.95 crore for the quarter ended March 31, 2017 as compared to Rs 165.06 crore for the same quarter in the previous year. Total income of the Bank increased by 16.71% at Rs 2279.65 crore for quarter under review as compared to Rs 1953.20 crore for the quarter ended March 31, 2016.

    For the year ended March 31, 2017, the Bank has posted a jump of over twofold in its net profit at Rs 1019.74 crore as compared to Rs 466.85 crore for the same period in the previous year. Total income of Bank increased 135.58% at Rs 9545.83 crore for year under review as compared to Rs 4052.03 crore for the period ended March 31, 2016.
    source: ventura
     
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