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Sharda Cropchem' board meeting on Nov 05, 2014

Written By Unknown on Senin, 27 Oktober 2014 | 23.08

Sharda Cropchem board meeting will be held on November 05, 2014, to consider the business and approve and take on record the Un-audited Standalone Financial Results for the quarter and half-year ended September 30, 2014 pursuant to Clause 41 of the Listing Agreement.

Sharda Cropchem Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 05, 2014, inter-alia, to consider the following business as under:-1. To consider, approve and take on record the Un-audited Standalone Financial Results for the quarter and half-year ended September 30, 2014 pursuant to Clause 41 of the Listing Agreement.2. To adopt the Code of Conduct of the Company.3. To adopt Whistle Blower Policy of the Company.Source : BSE

Read all announcements in Sharda Crop


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Appu Marketing: Updates on outcome of AGM

Appu Marketing & Manufacturing has submitted a copy of proceedings of the 31st Annual General Meeting of the Company held on September 29, 2014.

Appu Marketing & Manufacturing Ltd has submitted to BSE a copy of proceedings of the 31st Annual General Meeting of the Company held on September 29, 2014.Source : BSE

Read all announcements in Appu Marketing

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Techno Forge: Outcome of AGM

Techno Forge has informed that the Annual General Meeting (AGM) of the Company was held on September 30, 2014.

To read the full report click here


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Kwality Credit Leasing: Updates on outcome of AGM

Kwality Credit & Leasing has submitted a copy of the proceedings of the 22nd Annual General Meeting of the Company held on September 29, 2014.

Kwality Credit & Leasing Ltd has submitted to BSE a copy of the proceedings of the 22nd Annual General Meeting of the Company held on September 29, 2014.Source : BSE

Read all announcements in Kwality Credit

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Solar Industries India consider interim dividend

Solar Industries India's board meeting will be held on November 10, 2014, to transact business ant to consider and approve the Un-Audited Financial Results for the Quarter ended on September 30, 2014. To consider and declare Interim Dividend for the FY 2014-15.

Solar Industries India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 10, 2014, to transact the following business:1. To consider and approve the Un-Audited Financial Results for the Quarter ended on September 30, 2014.2. To consider and declare Interim Dividend for the FY 2014-15.3. To fix the Record date for the purpose of Interim Dividend, if declared.Source : BSE

Read all announcements in Solar Ind


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WEP Solutions: Outcome of board meeting

WEP Solutions has informed that a meeting of Board of Directors of the Company was held on Oct 27, 2014, to approve the Amendment in Articles of Association The Board approved the amendment in the draft of Articles of Association of the Company pursuant to the provisions of Section 5, Schedule I, and all other applicable provisions of the Company.

WEP Solutions Ltd has informed BSE that a meeting of Board of Directors of the Company was held on October 27, 2014, inter alia, to approve the following:1. Amendment in Articles of Association :- The Board approved the amendment in the draft of Articles of Association of the Company pursuant to the provisions of Section 5, Schedule I, and all other applicable provisions of the Companies Act, 2013, subject to approval by Shareholders through Postal Ballot.2. Resignation of Managing Director :- Mr. P K Gopalakrishnan, Managing Director, has expressed his desire to move out of the company due to personal reasons and is expected to be relieved from the position as per the terms of his contract and upon completion of current business engagements and responsibilities. The Board of Directors expressed their appreciation for the services of Mr. P K Gopalakrishnan and accepted his request.3. Appointment of Key Managerial Personnel :(a) The Board of Directors announced that Mr. Ram N Agarwal, Promoter and Chairman, will be assuming the Executive responsibilities on completion of necessary statutory compliances.(b) The Board of Directors approved the appointment of Ms. Sujata Lele as Company Secretary in accordance with the provisions of the Companies Act, 2013.Source : BSE

Read all announcements in WEP Solutions


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Veritas's board meeting on Oct 29, 2014

Veritas (India) board meeting will be held on October 29, 2014, inter alia, to transact the business, Further Issue of Share Capital and Sale of Investment in subsidiary Company.

Veritas (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2014, inter alia, to transact the following business:1. Further Issue of Share Capital;2. Sale of Investment in subsidiary Company.Source : BSE

Read all announcements in Veritas


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Astral Poly Technik declares interim dividend

Astral Poly Technik at its meeting held on October 27, 2014, has considered and approved Payment of Interim Dividend at Re. 0.15/- per Equity Share of Re. 1/- each. The Board has authorised Managing Director of the Company to convene Extra Ordinary General Meeting, fix the record date for the same.

Astral Poly Technik Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2014, inter alia, has considered and approved :1. Payment of Interim Dividend @ Re. 0.15/- per Equity Share of Re. 1/- each.2. The Board has authorised Managing Director of the Company to convene Extra Ordinary General Meeting, fix the record date for the same and issue notice along with explanatory statement to the shareholders of the Company, if it is required under the FEMA regulations and by the Merchant Banker.Source : BSE

Read all announcements in Astral Poly Tec


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Agarwal Industrial Corporation: Outcome of AGM

Agarwal Industrial Corporation has submitted a copy of the Proceedings of the 20th Annual General Meeting held on September 30, 2014.

Agarwal Industrial Corporation Ltd has submitted to BSE a copy of the Proceedings of the 20th Annual General Meeting held on September 30, 2014.Source : BSE

Read all announcements in Agarwal Ind

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Govt scraps selection process for PSU Bank Chiefs

The current selection process for the FY14 -15 stands cancelled. So the posts of eight CMDs and fourteen EDs remain vacant with immediate effect.

The government has scrapped the selection process to select the heads for PSU banks.

This has come in the wake of many bribes-for-loan scandals at state-run banks.

The current selection process for the FY14 -15 stands cancelled. So the posts of eight chairman and managing directors (CMDs)  and fourteen executive directors (EDs) remain vacant with immediate effect.

In the new selection process the RBI governor or his nominees (at least of a rank of deputy governor of RBI) will be part of the selection process.

The government is committed to filling up the all these vacancies expeditiously but the exact details of the selection process are not yet known and will be notified shortly.

This decision was as per the committee recommendation which had been constituted to relook at the entire matter and the RBI governor was also part of it.


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MM Forgings: Outcome of board meeting

Written By Unknown on Senin, 20 Oktober 2014 | 23.07

MM Forgings has informed that persons, have sent a letter requesting them to remove from the Promoters list of the Company. Mrs. Meenakshi Subramaniam Srivatsan Subramaniam and Mrs. Vasanthi Srivatsan, Vishnu Srivatsan.

MM Forgings Ltd has informed BSE that the following persons, have sent a letter requesting them to remove from the Promoter's list of the Company :1. Mrs. Meenakshi Subramaniam2. Srivatsan Subramaniam3. Mrs. Vasanthi Srivatsan4. Vishnu SrivatsanThe above letter was placed on the Board and was accepted by the Board Members and a resolution to this effect was passed in the Board Meeting held on October 20, 2014.Source : BSE

Read all announcements in MM Forgings


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Swaraj Engines: Outcome of board meeting

Swaraj Engines at its meeting held on October 20, 2014, has have appointed Shri Sudhir Mankad as Chairman of the Board in place of Shri G. P. Gupta who consequent to his resignation ceased to be the Director of the Company after the conclusion of the last Annual General Meeting of the Company held on July 31, 2014.

Swaraj Engines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2014, inter alia, has have appointed Shri Sudhir Mankad as Chairman of the Board in place of Shri G. P. Gupta who consequent to his resignation ceased to be the Director of the Company after the conclusion of the last Annual General Meeting of the Company held on July 31, 2014.Source : BSE

Read all announcements in Swaraj Engines


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RPG Life: Outcome of board meeting

RPG Life Sciences has informed that at the meeting of the Board of Directors held on October 20, 2014, Ms. Neera Saggi has been appointed as an Additional Director on the Board of the Company.

RPG Life Sciences Ltd has informed BSE that at the meeting of the Board of Directors held on October 20, 2014, Ms. Neera Saggi has been appointed as an Additional Director on the Board of the Company.Source : BSE

Read all announcements in RPG Life


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Damodar Industries EGM on Nov 15, 2014

Damodar Industries has informed that an Extra Ordinary General Meeting (EGM) of the Company will be held on November 15, 2014.

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Shipping Corporation of India: Updates on outcome of AGM

Shipping Corporation of India has submitted a copy of minutes of the proceedings of the 64th Annual General Meeting (AGM) of the Company held on September 24, 2014.

Shipping Corporation of India Ltd has submitted to BSE a copy of minutes of the proceedings of the 64th Annual General Meeting (AGM) of the Company held on September 24, 2014.Source : BSE

Read all announcements in Shipping Corp

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Atlas Cycles appoints Sanjiv Kavaljit Singh as director

Atlas Cycles (Haryana) has informed that the Board of Directors of the Company has appointed Mr. Sanjiv Kavaljit Singh S/o Late Sh. Sardar Kavaljit Singh R/o E-104, Malcha Marg, New Delhi - 110021, as an independent Director to expend the Board of Directors of the Company.

Atlas Cycles (Haryana) Ltd has informed BSE that the Board of Directors of the Company has appointed Mr. Sanjiv Kavaljit Singh S/o Late Sh. Sardar Kavaljit Singh R/o E-104, Malcha Marg, New Delhi - 110021, as an independent Director to expend the Board of Directors of the Company.Source : BSE

Read all announcements in Atlas Cycles


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Ansal Housing Construction: Updates on outcome of AGM

Ansal Housing & Construction has submitted a copy of minutes of 30th Annual General Meeting of the Company held on September 25, 2014.

Ansal Housing & Construction Ltd has submitted to BSE a copy of minutes of 30th Annual General Meeting of the Company held on September 25, 2014.Source : BSE

Read all announcements in Ansal Housing

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BLB appoints Dhwani Jain as additional independent director

BLB has informed that Smt. Dhwani Jain has been appointed as the Additional Woman Independent Director of the Company w.e.f. October 20, 2014.

BLB Ltd has informed BSE that Smt. Dhwani Jain has been appointed as the Additional Woman Independent Director of the Company w.e.f. October 20, 2014.Source : BSE

Read all announcements in BLB


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Indirect tax mop-up growth crawls; but why FM isn't worried

The government will see a significant shortfall in indirect tax collection in this financial year. CNBC-TV18's Sapna Das reports that net growth in indirect taxes is likely to be 6 percent versus a budgeted growth of 25 percent in FY15.

Economic growth has still not shown visible signs of coming back on track – barring Q1 GDP numbers, IIP has not been good. This has shown up in the dismal indirect tax mop-up till now, Caes in point: excise has been in the negative territory for most part of the current fiscal.

While the government is expecting tax growth to increase to around 12-14 percent by the end of fiscal, it will still leave a huge gap in terms of the target and what the government will actually achieve. This would result in slippage of around Rs 20000-30000 crore towards FY15 indirect tax collection target.

However, several other measures are expected to make up for this shortfall.

The first such measure is divestment. The government is already estimating a higher amount of proceeds through residual stake sales in Hindustan Zinc and Balco and the full year's Rs 58,000 crore target is expected to be raised to around Rs 65000 crore.

The finance minister has already reiterated that the gas price decision has been taken, which will bode well for ONGC, and merchant bankers are already in conversation with the government.

The third point to help meet the budget is on the spend side. Because of elections and the fact that the Budget happened late in the year, planned expenditure (which includes outlays for different sectors such as education, health, rural development, etc) is yet to pick up in a big way, financial ministry officials have said.

This would result in some natural savings on planned expenditure. So unlike in the past few years, where the government was forced to tighten its belt in the last quarter and cut expenses, savings are likely to happen naturally.

Finally, with diesel prices being linked to the market, the government is not likely to overshoot its Rs 62,000-crore fuel subsidy.

There is also a possibility that the government may give out the first tranche of compensation on the central sales tax to state governments in the winter session of parliament (in lieu of the expected rollout of GST and the fact that it would eat into the state tax). The cost for that is expected to come to Rs 11000-12000 crore.

Finally, direct taxes have pretty comfortable. Corporate tax has been very high and is expected to meet its FY15.


23.07 | 0 komentar | Read More

It's time to wake APP and smell the coffee

You might have not realized but the lines have already blurred. As consumers, we have changed and beyond amends. We drink instant coffee, book tickets online, plan holidays on this thing called 'Cloud', connect with friends,and even make enemies, through the internet.

The precise speed at which the world out there is expanding its digital footprint,is mind-boggling. Big businesses are now growing bigger and wise consumers are getting wiser. And what is causing this major technological change is that tiny little app that rests on most device screens.

Gartner predicts that by 2015 most mobile apps will sync, collect and analyze deep data about users and their social graph and that by 2017; wearable devices will be driving 50% of total app interactions.

Many businesses fail to realize that data from mobile apps, whether deployed on the premises or in the cloud, is not currently managed as part of an organizations information infrastructure. In fact, data collected from mobile apps is often siloed. However, the fact remains that an enterprise must harness the power of mobile apps to stay competitive and relevant. 

Sample these:

-- Forrester hints that nearly 50% of Indian CMOs are in search of new suppliers with specialized technologies and processes to build new digital engagement systems such as mobile apps or social media applications.

-- Another recent scenario-check by Vanson Bourne tells how 60% of organizations either have an enterprise-wide mobility strategy or are planning to implement one in the next year. Also, most organizations are prioritizing mobile apps versus internal BYOD programs (63% vs. 37%). Yes, customer demand is fueling the growth in enterprise mobility, but over 75% have seen or expect to see significant benefit from their mobility initiatives.

-- A survey by market research firm IDC shows that businesses developing customer relationship management (CRM) apps for smart phones and tablets are on the right track and 31% of business respondents have in fact identified CRM as the most-wanted mobile app.

All above instances show that the world is moving to a new digital decade and cloud century. You would only be left behind if you do not catch up with your consumers and employees and arm them with the applications of 'this' world. Besides, the truth is that more and more of your workforce is already getting habituated to the app cloud. It only makes sense that you provide them with something more enterprise-appropriate.

Forrester's Frank Gillett has also noted, "Microsoft has already said that it plans to bring together the app-stores and developer tools for Windows and Windows Phone and is likely to go further and unify Windows across devices. It must show that it will be much easier to upgrade and update Windows, that the new OS will be easier to learn and use for traditional PC users than Windows 8, and that theyve preserved mobile capabilities." This means that big PC-era firms like Microsoft have already re-invented themselves to the new enterprise-app era.

You can always look for the so-called 'small-market' economy solutions, but why would you do that if companies like Microsoft can offer you scalable, affordable and flexible ones?

So, which are these enterprise apps that have the businesses excited? Collaboration and social networking ones (email, calendaring and messaging) come first. While there are plethora of social messaging apps of the likes of Facebook and Twitter on the consumer side, enterprises look for something safer and more importantly a place where the IP of the firm is not compromised by sharing. Little wonder, a private social network like Yammer is much more popular in the enterprise space as it allows collaboration with all the administrative controls. The likes of CRM or customer resource management that come in second, let you manage client interaction in a seamless and intelligent manner. Then there are apps for human capital management (HCM), sales force automation, asset management, ERP, supply chain management and so on.

While apps have no doubt changed the face of businesses, some challenges do remain. For instance, Gartner warns that security can be a major issue and that this is where current major application testing efforts should be applied. Also, the app space is rapidly evolving and hence requires a frequent update, unlike traditional applications, necessitating a sound and comprehensive strategy.

Nonetheless, the writing on the wall is clear for Indian enterprises: Get out and embrace this new world of mobile apps. They are not just what your employees and consumers want but also something that will help you extract better, smarter and faster work without burning a hole in your pocket. The road to the future leads to the clouds, with apps being the building blocks.


23.07 | 0 komentar | Read More

Cybermate Infotek: Outcome of board meeting

Written By Unknown on Senin, 13 Oktober 2014 | 23.07

Cybermate Infotek at its meeting held on September 29, 2014, has passed a resolution approving shifting of its registered and corporate office to the following address with effect from October 01, 2014. Plot No. 19 & 20, Moti Valley, Trimulgherry, Secunderabad - 500015.

Cybermate Infotek Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2014, has passed a resolution approving shifting of its registered and corporate office to the following address with effect from October 01, 2014.Plot No. 19 & 20, Moti Valley,Trimulgherry,Secunderabad - 500015.Source : BSE

Read all announcements in Cybermate Info

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Nakoda company secretary and CO Anita Paul resigns

Nakoda has informed that Mrs. Anita Paul has resigned as Company Secretary and Compliance officer of the Company.

Nakoda Ltd has informed BSE that Mrs. Anita Paul has resigned as Company Secretary and Compliance officer of the Company.Source : BSE

Read all announcements in Nakoda


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Tatia Skylines: Updates on outcome of AGM

Ashram Online.Com has submitted a copy of minutes of the 23rd Annual General Meeting (AGM) of the Company held on September 29, 2014.

To read the full report click here


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Nikki Global Finance's board meeting on Oct 22, 2014

Nikki Global Finance board meeting will be held on October 22, 2014, to discuss, consider & approve the change in registered office.

Nikki Global Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 22, 2014, to discuss, consider & approve the change in registered office.Source : BSE

Read all announcements in Nikki Global


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Narmada Gelatines: Updates on outcome of AGM

Narmada Gelatines has submitted a copy of Minutes of the 53rd Annual General Meeting of the Company held on September 22, 2014.

To read the full report click here


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Kreon Finnancial Services: Updates on outcome of AGM

Kreon Finnancial Services has submitted a copy of minutes of the 20th Annual General Meeting (AGM) of the Company held on September 29, 2014.

Kreon Finnancial Services Ltd has submitted to BSE a copy of minutes of the 20th Annual General Meeting (AGM) of the Company held on September 29, 2014.Source : BSE

Read all announcements in Kreon Fin Serv

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Tatia Global Vennture: Updates on outcome of AGM

Tatia Global Vennture has submitted a copy of minutes of the 20th Annual General Meeting (AGM) of the Company held on September 29, 2014.

Tatia Global Vennture Ltd has submitted to BSE a copy of minutes of the 20th Annual General Meeting (AGM) of the Company held on September 29, 2014.Source : BSE

Read all announcements in Tatia Global

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Nam Securities: Outcome of AGM

Nam Securities has submitted a copy of the minutes of the 20th Annual General Meeting (AGM) of the Company held on September 30, 2014.

To read the full report click here


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Sharon Bio-Medicine company secretary CO CS Samsad Alam Khan resigns

Sharon Bio-Medicine has informed that CS Samsad Alam Khan, has resigned as a Company Secretary as well as Compliance Officer of the Company w.e.f. October 10, 2014 and Ms. Archana Hemant Andhare has been appointed as a Company Secretary & Compliance Officer w.e.f. October 10, 2014.

Sharon Bio-Medicine Ltd has informed BSE that CS Samsad Alam Khan, has resigned as a Company Secretary as well as Compliance Officer of the Company w.e.f. October 10, 2014 and Ms. Archana Hemant Andhare has been appointed as a Company Secretary & Compliance Officer w.e.f. October 10, 2014.Source : BSE

Read all announcements in Sharon Bio Medi


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Dhar Textile Mills: Outcome of AGM

Dhar Textile Mills has informed that the Annual General Meeting (AGM) of the Company was held on September 30, 2014.

To read the full report click here


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Peerless MF appoints Ramesh Rachuri as Head - Fixed Income

Written By Unknown on Senin, 06 Oktober 2014 | 23.07

Peerless Mutual Fund announces appointment of Ramesh Rachuri as Head - Fixed Income, with effect from September 29, 2014.

Peerless Mutual Fund has appointed Ramesh Rachuri as the Head - Fixed Income, with effect from September 29, 2014. He is aged 44 years and holds B.Com, PGDM (IIM, Indore) as his educational qualification.

Amit Nigam has been appointed as the Head - Equities, with effect from October 01, 2014. He is aged 39 years and holds B.E. (Mechanical), M.B.A. as his educational qualification.


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Indiabulls Income Fund announces change in exit load

Indiabulls Income Fund announces change in exit load structure, with effect from October 07, 2014.

Indiabulls Mutual Fund has announced change in exit load of Indiabulls Income Fund with effect from October 07, 2014.

Accordingly the exit load will be:

If redeemed / switch-out within 1 year from the date of allotment, the exit load will be 3%.

If redeemed / switch-out within 2 years from the date of allotment, the exit load will be 2%.

If redeemed / switch-out within 3 years from the date of allotment, the exit load will be 1%.

If redeemed / switch-out after 3 years from the date of allotment, the exit load will be Nil.


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Banks request clarity on bond taxation under Basel III

Clarity on taxation would help investors in putting money into such instrument without hesitation. Banks have requested the Ministry to clarify tax treatment issues with regard to additional tier-I bonds in a meeting held recently, sources said.

Bankers have sought clarity from the Finance Ministry regarding taxation of additional tier-I bonds through which they are expected to raise capital to meet Basel III norms.

Clarity on taxation would help investors in putting money into such instrument without hesitation. Banks have requested the Ministry to clarify tax treatment issues with regard to additional tier-I bonds in a meeting held recently, sources said.

Sources said bankers in the meeting said that investors want to know whether these instruments will be treated as bonds or equity for taxation purposes.

Under the Basel-III norms, additional tier-I bonds come with loss absorbency features meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the RBI.

This will help banks to conserve capital at the time of stress or loss.

Additional Tier I bonds, which qualifies as core capital or equity capital, is one of the means of raising capital by the public sector banks which would require Rs 2.40 lakh crore by March 2019.

Besides, investors also want clarity if they have option to exit such an investment after a few years. Only few banks, including Bank of India, have raised funds through this instrument.

Some of the regulators, including pension regulator (PFRDA), have also raised issues on the taxation structure of these bonds. However, PFRDA recently permitted pension fund managers to invest in Basel III compliant Tier I bonds of banks.

"It is hereby clarified that additional Tier I bonds compatible under Basel III issued by scheduled commercial banks in accordance with the RBI guidelines are to be considered as debt instruments eligible for investments under the debt category of all NPS schemes provided they are rated as investment grade by at lease one rating agency," PFRDA had said in a notification.

Tier I bonds are instruments which are perpetual in nature and therefore are akin to shares.


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Godrej Properties adds new housing project in Mumbai

Godrej Properties is currently developing residential, commercial and township projects spread across 103 million square feet in 12 cities.

Realty firm  Godrej Properties Ltd today said it has entered into an agreement with a land owner to develop an affordable housing project near Mumbai.

The project will have 1.3 million sq ft of saleable area. "Godrej Properties has entered into a development management agreement to develop a property situated in Badlapur, Mumbai Metropolitan Region. It will be developed as an affordable housing project," Godrej Properties said in a statement.

Godrej Properties is the real estate arm of the Godrej Group.

"We are happy to add this new project in Badlapur, which strengthens our development portfolio in Mumbai. We will seek to ensure that this project delivers an outstanding lifestyle for all its residents," company's Managing Director & CEO Pirojsha Godrej said.

Godrej Properties is currently developing residential, commercial and township projects spread across 103 million square feet in 12 cities.

Mumbai-based Godrej Properties posted 16 per cent increase in its consolidated net profit to Rs 45.61 crore for the quarter ended June against Rs 39.47 crore in the year-ago period.

Total income rose by 49 per cent to Rs 363 crore in the first quarter of this fiscal compared with Rs 244 crore in the corresponding period of previous year.

During the quarter ended June, Godrej Properties' sales bookings rose to Rs 824 crore from Rs 606 crore in the year- ago period. In volume terms, sales bookings increased to 1.09 million sq ft from 0.6 million sq ft during the period under review.

Godrej Prop stock price

On October 01, 2014, Godrej Properties closed at Rs 235.25, down Rs 0.75, or 0.32 percent. The 52-week high of the share was Rs 262.00 and the 52-week low was Rs 153.90.


The company's trailing 12-month (TTM) EPS was at Rs 6.32 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 37.22. The latest book value of the company is Rs 89.83 per share. At current value, the price-to-book value of the company is 2.62.


23.07 | 0 komentar | Read More

India's biz confidence up sharply after new govt

India Inc has shown uptick in business confidence post the formation of Narendra Modi-led government with key industry surveys showing marked improvement in investor perception during the July-September quarter.

While the survey by industry body Ficci showed business confidence at a 15-quarter high, the CII poll indicated a sharp improvement in business confidence.

The CII Business Confidence Index shot up to 57.4 in the July-Sept quarter, from 53.7 in the previous quarter.

Ficci's Overall Business Confidence Index moved up to 72.7 in the present survey, highest in 15 quarters. The index value in the previous survey was 69.

"The determination shown by the new government at the Centre to provide an impetus to growth along with reviving the 'feel good' factor has sent the business confidence index soaring for the second quarter in a row," CII Director General Chandrajit Banerjee said.

"In order to capitalise on the early signs of improving business sentiments, we must ensure that this momentum is maintained going forward," he added.

Banerjee suggested that "management of inflationary expectations through supply-side measures would hold the key for ensuring continued momentum of economic revival".

Ficci said: "The confidence level of the investors is steadily improving. The new government has geared into action and we have seen clearances being given to some big ticket projects. The government has also announced a series of progressive policy and procedural measures that augur well for economic and industrial growth."

It added: "Industry feels that we are on the right track and that government should continue with its efforts to further smoothen the clearance process."

The proportion of respondents citing 'moderately to substantially better' performance vis-a-vis last six months recorded a significant jump at the economy, industry and firm level in the current survey.

The participants were also optimistic about the near term prospects, with 93 percent of the companies saying that they expect the overall economic situation to be better over the next six months.

The CII poll found 41 percent of respondents expecting GDP in the current fiscal to expand by 5-5.5 percent, up from sub-5 percent growth witnessed in the last two years, while 30 percent respondents expected GDP to grow in a range of 5.5-6 percent in FY15.

A slow pick up in global demand, high inflation and rising borrowing costs are cited to be the top three concerns of the respondents covered in the CII poll.

Ficci also asked respondents to identify focus areas for manufacturing in view of Modi's 'Make in India' vision. The sectors identified were engineering; steel & iron; medical equipment & pharmaceuticals; automobiles & auto components; textiles; food processing & agro-based industries; and defence equipment.


23.07 | 0 komentar | Read More

Young Turks Book to celebrate power of entrepreneurship

For 13 years CNBC-TV18's Young Turks has been India's longest running show on entrepreneurship and this year Young Turks is all set to launch its first Young Turks Book.

For 13 years CNBC-TV18's Young Turks has been India's longest running show on entrepreneurship and this year Young Turks is all set to launch its first Young Turks Book. This book celebrates the power of imagination and innovation of these entrepreneurs who are building billion dollar global businesses out of India. The book will be launched in November this year by Narayana Murthy, the founder of Infosys Technologies at the annual Young Turks Conclave. Today on the show we bring you stories of six Young Turks who have been featured in the book.


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Equities are still best place to park money: Warren Buffet

The Chairman and CEO of Berkshire Hathaway, Buffett says he still believes equities are the best place to park your money.

The US economy is on the road to recovery but the pace has been sluggish - that's the word coming in from billionaire investor Warren Buffett. Speaking exclusively to CNBC, chairman and CEO of Berkshire Hathaway Buffett says that he still believes equities are the best place to park your money.


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Modi rakes up Vadra land deal, attacks CM Hooda

Addressing election meetings, he asked the Election Commission to take "serious note" of the Hooda government's decision on Vadra's deal with real estate giant DLF and take action as it violated the model code of conduct.

Targeting dynasty politics in Haryana, Prime Minister Narendra Modi Monday tore into Haryana government over its clearance to a land deal of Robert Vadra even as he made a veiled attack on Chautalas by asking the people to rid the state of 'bahubalis' (musclemen).

Addressing election meetings, he asked the Election Commission to take "serious note" of the Hooda government's decision on Vadra's deal with real estate giant  DLF and take action as it violated the model code of conduct.

"They (Hooda government) know that after the elections, the son-in-law (Vadra) will not get any clearances for illegal deals. So, in between the election process, they have dared to take such a decision," Modi said at an election rally here.

"I think Hooda was pressurised from the top (Congress leadership) to take such a decision," he said. "I hope the Election Commission will take appropriate action for any violation of the Model Code of Conduct," he said raking up the alleged land deal involving Sonia Gandhi's son-in-law.

Modi stepped up the attack on Vadra against the backdrop of a newspaper report on the land deal which was cleared by the government in July ahead of the polls.

The Hooda Government had cleared the land deal between Vadra DLF accepting the mutation of land in Gurgaon in his favour overturning a whistle blower official Ashok Khemka who had cancelled the mutation.

"It is clear from this decision of the shameless Hooda government that both he and the Congress party have already accepted defeat in Haryana," Modi said.

Taking on the family of former Chief Minister O P Chautala, convicted in a corruption case, Modi described those who ruled the state in the past as 'bahubalis'.

He said, "There is a need to get Haryana rid of bahubalis so that common man gets good governance, old persons are given respect and women are provided security." Modi said a government with absolute majority will be able to get Haryana rid of bahubalis.


23.07 | 0 komentar | Read More

Shelling exposes Pakistan's frustration: Omar Abdullah

Condemning the shelling on civilians in Arnia belt of Jammu that left five dead, J&K Chief Minister Omar Abdullah Monday said that the targeting of civilian areas exposed the frustration of the Pakistani government after its failure to gain international attention on the Kashmir issue.

"They (the Pakistani leadership) have nothing else to speak, but only Kashmir. Whenever they go abroad, they try to raise only Kashmir issue, but every time they miserably fail to get international attention. The cross-border shelling is an indication of their frustration," he told reporters after meeting civilians injured in the shelling at the Government Medical College Hospital here.

Omar strongly condemned the firing and said, "Either we are unable to understand Pakistan's motive behind the increase in the incidents of ceasefire violations or the internal situation in Pakistan is so bad that by targeting Indian side they want to divert the attention of their own people from their internal turmoil."

The Chief Minister said that at a time when people of Jammu and Kashmir should be getting Eid greetings from the Pakistan side, the Pakistani army has gifted them with bombs.

"There was no reason to violate the ceasefire. It was a deliberate attempt from the Pakistani side to target the civilian areas. The death and injury to so many innocent civilians is a part of their nefarious designs," he said.

Omar said that so far he has not spoken to Prime Minister Narendra Modi, but if need arises he will brief him about the situation in the state following the frequent ceasefire violations.

Asked about the rehabilitation of the people affected by the cross-border firing, he said, "We have taken up the issue with the Centre. Our financial condition does not allow us to carry out the rehabilitation of our people. We want help from the Centre. The Centre must come forward to help the people of Kashmir."

Omar announced that the family members of the people who lost their lives will get ex-gratia payment and government jobs.

"The ex-gratia cheques have been signed and will be issued soon. The next of the kin of the deceased would also be given government jobs as per the rule applicable under death in harness cases," the Chief Minister said.

Earlier, after offering Eid prayers at Hazratbal shrine in Srinagar, Omar went to the state hospital in the city where he donated blood.

He later flew to Jammu, the winter capital of the state, to meet injured people who were undergoing treatment in various hospitals.

Meanwhile, BSF Director General D K Pathak has also left for Jammu from Delhi to take stock of the developing security situation in the area.

Five villagers were killed and 29 injured in heavy mortar shelling and firing by Pakistani troops targeting hamlets and outposts along the International Border in Jammu district in one of the worst ceasefire violations.


23.07 | 0 komentar | Read More

Finserve's Pankaj Goel shares his entrepreneurial journey

Centrestage is a series where we travel across the country to meet successful Indian entrepreneurs who have followed their dreams and made every risk worth taking. We hear from these dream chasers about their entrepreneurial journeys from scratch and find out how passion and determination have helped them transform an idea into a successful business venture.  


23.07 | 0 komentar | Read More
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