LATEST BUSINESS NEWS

RPP Infra Projects bags order worth Rs 30.90 crore

The said work is to be completed within 20 months
RPP Infra Projects has bagged an order from Karnataka State Police Housing & Infrastructure Development Corporation for Construction of 160 Nos. PC Quarters in I) Mangalore - 48 PC Qtrs. & II) Panambur - 112 PC Qtrs. in Dakshina Kannada District Under Police Gruha 2020 Scheme (PG 2020 / Package No. 80 / 2015 - 16 ) for Rs 30.90 crore. The said work is to be completed within 20 months.

RPP Infra Projects is engaged in business of infrastructure development such as highway, roads, bridges, civil construction works/ irrigation & water supply projects & power plants.
source : ventura

 

Nse GODREJCP 1 lac @ 1260 value 12.60 crs

 

Syncom Formulations purchases property worth Rs 11 crore in Mumbai

The company has purchased the office no. G-401-402, 4th Floor, Lotus Corporate Park, off Western Express Highway in Mumbai on March 15, 2016
Syncom Formulations (India) has purchased a property situated in Mumbai worth Rs 11.00 crore on March 15, 2016. The company has purchased the office no G-401-402, 4th Floor, Lotus Corporate Park, off Western Express Highway, Goregaon East, Mumbai in state of Maharashtra. The office has super built up area of 9,000 square feet & carpet area of 5,489.64 square feet.

Syncom Formulations (India) is engaged in the business of pharmaceutical formulations. It manufactures range of products in various dosage forms and markets them in various countries.
source:ventura

 

P&G to challenge Indian ban on Vicks Action 500 Extra Procter & Gamble Hygiene and Health Care said that while it had stopped selling the product, it was evaluating all options to challenge the ban.

US consumer health group Procter & Gamble 's Indian business plans to challenge a government ban on its cough-and-cold medicine Vicks Action 500 Extra, citing potential health risks. Procter & Gamble Hygiene and Health Care said that while it had stopped selling the product, it was evaluating all options to challenge the ban. Vicks Action 500 Extra is a fixed-dose combination of paracetamol, phenylephrine and caffeine, which was banned by India's health ministry in a notice issued over the weekend. The product was one of 344 drug combinations, including several antibiotics and analgesics, that India ordered to be prohibited, saying that a government-appointed panel of experts had found the combinations lacked "therapeutic justification". P&G said that all its products, including Vicks Action 500 Extra, were backed by research to support their quality, safety and efficacy. It wasn't immediately clear how much the product contributed to P&G's sales.

source: moneycontrol

 

Jewellers vow to continue strike; talks with Govt today "One piece of jewellery consists of many parts made by different people and artisans. To keep records of each and every part of the single jewellery will be cumbersome and require additional manpower and infrastructure, which is difficult for many jewellers to manage," Sreedhar said.

Jewellers vowed to continue their pan-India strike, which entered the 14th day, till the proposed 1 percent excise duty on non-silver jewellery is withdrawn, undeterred by the Centre's assertion that the levy will not be rolled back. "Even as we are incurring losses, we will continue the strike till the government completely rolls back the 1 percent excise duty. As an alternate we have suggested the government to either marginally hike the Customs duty or to impose an one time bullet tax," All-India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V told PTI. The excise duty will encourage 'inspector raj' as the department officials will harass the jewellers unless there is an amendment in the law itself, he said. "One piece of jewellery consists of many parts made by different people and artisans. To keep records of each and every part of the single jewellery will be cumbersome and require additional manpower and infrastructure, which is difficult for many jewellers to manage," Sreedhar said. The government has called a meeting today with the jeweller associations to arrive at a solution. "We are meeting with the Finance Ministry officials today on how to resolve this issue. After the meeting we will be able to take a decision on the strike," he added. Members of over 358 associations, consisting of over 3 lakh manufacturers, retainers, wholesalers and artisans related to jewellery trade and related businesses, are on strike since March 2, demanding withdrawal of the excise duty announced in the Union Budget. Finance Minister Arun Jaitley in the Budget proposed 1 percent excise duty on jewellery without input credit, or 12.5 percent with input tax credit, on jewellery, excluding silver other than studded with diamonds and some other precious stones. The Finance Ministry later clarified only jewellers with turnover of more than Rs 12 crore will be liable to pay 1 percent excise duty on non-silver jewellery items. Yesterday, replying to a debate in Lok Sabha on the General Budget, Jaitley rejected demands for rolling back the levy, saying the move was in preparation for unveiling of the Goods and Services Tax (GST).

source:moneycontrol

 

Deep Industries bags order worth Rs 246.88 crore

The company has received Notification of Award for Hiring of Gas Dehydration System for Four Production Installations for a period of 5 years at ONGC Rajamundry Asset
Deep Industries has received Notification of Award for Hiring of Gas Dehydration System for Four Production Installations for a period of 5 years at ONGC Rajamundry Asset viz. Tatipaka GCS, Kesanapalli GCS, KPDA EPT & Endamuru GCS. The total estimated value of the said award is of Rs 246.88 crore.

Deep Industries is primarily caters to ever increasing demand for Oil and Gas Field Services requirements. The company is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.
source : ventura

 

Indo Tech Transformers sells 2.85 acres land in Kerala for Rs 5.60 crore

The company has sold its unused land parcel situated at VII/222 Koyamarakaad, NH 47.Kanjhikode, Pallakad and registration of the sale was completed on March 17, 2016
Indo Tech Transformers has sold its unused land parcel situated at VII/222 Koyamarakaad, NH 47.Kanjhikode, Pallakad in the state of Kerala. The said land measuring 2.85 acres which was held for sale since 2012, has been sold for a consideration of Rs 5.60 crore (net book value Rs 77.47 lakh) and registration of the sale was completed on March 17, 2016.

Indo Tech Transformers is engaged in the business of manufacturing power and distribution transformers, and various special application transformers, mobile sub-station transformers and sub-stations.
source: ventura

 

JSW Energy plans to acquire 1,000 MW power plant: Report

Cash-crunch due to the downturn in steel prices and burgeoning debt might force the JSPL to shed some assets
JSW Energy is reportedly planning to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore. The deal is likely to be announced shortly. Jindal Power (JPL) is owned by Jindal Steel & Power (JSPL). Cash-crunch due to the downturn in steel prices and burgeoning debt might force the JSPL to shed some assets.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
source : ventura

 

Borosil Glass Works invests Rs 22 crore in its subsidiary

The company has made the said investment by way of subscription in 6% Optionally Convertible Non-cumulative Redeemable Preference Shares
Borosil Glass Works has made an investment of Rs 22 crore by way of subscription in 6% Optionally Convertible Non-cumulative Redeemable Preference Shares in Hopewell Tableware, its unlisted wholly owned subsidiary.

Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.
source : ventura

 

Is Gujarat Borosil related to Borosil Glass Works? What is your view on Gujarat Borosil?

 

Borosil Glass is an old company related to specialty glass modals and also entered into solar panels manufacturing and Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India.

Dec 2015 quarter result also good , very cash rich company
110 acres of land bank is also added hidden value to this company ....

 

The company is said to be running at 55% OPM....Think one can put money here.CMP-146

 

Good rainfall expected. VST Tillers and other tractor stocks in demand.

 

Owing to good rains forecast, stock price of M&M is already rising. Now the news "Mahindra launches electric car 'e2o' in UK" will push it further upwards.

On April 13, 2016, Mahindra and Mahindra closed at Rs 1332.60, up Rs 91.85, or 7.40 percent. The 52-week high of the share was Rs 1441.45 and the 52-week low was Rs 1092.00. The company's trailing 12-month (TTM) EPS was at Rs 50.46 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 26.41. The latest book value of the company is Rs 310.09 per share. At current value, the price-to-book value of the company is 4.30.

Read more at: https://www.moneycontrol.com/news/b...car-e2ouk_6274201.html?utm_source=ref_article

Read more at: https://www.moneycontrol.com/news/business/mahindra-launches-electric-car-e2ouk_6274201.html

RMSC Sir, What do you think?

 

MANGALAM DRUGS Q4 PAT Rs.5.5cr vs Rs.3.5cr yoy

 

WATER PROBLEM ...... WATER PROBLEM ----- SAVE WATER ----- SAVE WATER

Adani Power’s arm shuts 4 units of 660 MW each due to acute water shortage
Due to drought condition in the State of Maharashtra, the water dam has dried up and is unable to supply water to the Tiroda Power Plant

Adani Power Maharashtra, wholly owned subsidiary of Adani Power has shut down its 4 units of 660 MW each out of total 5 units of 660 MW each, situated at Tiroda Plant in Maharashtra due to acute water shortage. Tiroda Power Plant gets water under a long term arrangement from Dhapewada Project of Vidarbha Irrigation Development Corporation. Due to drought condition in the State of Maharashtra, the water dam has dried up and is unable to supply water to the Tiroda Power Plant. The production from these 4 units will resume once the water is available.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
source: ventura

 

MOTHERSUN SUMI Q4 cons PAT Rs.414cr vs Rs.340cr yoy, vs Rs.307cr qoq

 

Today (17.05.16) foll cos. will announce Q4 results :
Gujarat Gas, Symphony, IMFA, Hind Syntex, Emmbi Ind, Vascon Eng, Balaji Tele, Bharat Forge, Syndicate Bank, OCL India, Motherson Sumi, Honeywell Auto, Voltas, Glaxosmithkline Cons, MPS, MT Educare, MHRIL, United Bank,

 

Sooper results