Jamna Auto Industries Ltd

Incorporated as a partnership firm, Jamna Auto Industries (JAIL) went public in Nov.'85. It was promoted by Bhupinder Singh Jauhar. The company manufactures auto parts and specialises in the manufacture of laminated springs for automobiles. Tapered leaf springs, parabolic springs, stabiliser bars and coil springs are used in suspension systems of automobiles. The suspension system of a vehicle is a link between the chassis and the axle; it stores and absorbs energy for release later.

The Share Price company has entered into Joint Venture with NHK Spring Co. Ltd, Nissho Iwai Corporation, Japan & Allevard Ressorts Automobile, France for manufacture state of the art Coil Springs and Stabilizer Bars Primarily for supplies to the car market in India by a substantial foreign equity 85% and Company investing the balance 15%.

Company started exports to General Motors Corporation, USA in February, 1998. The company continues to maintain ISO 9002 & QS 9000 status and undergoes perodic quality systems review & audit by designated QS auditors in order to ensure the same.

The company getting approval for in-house testing of Telco Springs.

Fight against climate change is responsibility of all: PM

Preparing to attend the world meet on Paris climate change in tomorrow, Prime Minister Narendra Modi today said it is the responsibility of all to ensure that the Earth's temperature does not rise as global warming is already creating disasters like recent heavy rainfall in Chennai.

            He asked the people to adopt energy conservation and energy efficiency measures like the maximum use of solar-powered items.

            In his monthly radio programme 'Mann Ki Baat', Modi recalled his proposal for setting up a SAARC disaster response mechanism and said the recently-held 'table talk exercise and best practices seminar' in Delhi was a good beginning in this regard.

            "We keep receiving news about the natural disasters from every corner of the world. Such are the tragedies which have never been heard earlier or imagined. We are now experiencing the impact of fast-changing climate. In our own country, massive rains recently hit Tamil Nadu and caused losses to it as well as other states. Several people lost their lives. I offer my condolences to them," he said.

            "The whole world is worried about Paris Climate Change Conference. There are discussions everywhere over it and concerns are being expressed. There is acceptance for it (climate change) as an index before any work is done. The temperature of the Earth should not increase now. It is the responsibility and concern of all," he said in his 20-minute programme.

            His emphasis on the responsibility of all assumes significance as the developed world is placing greater onus on developing nations like India in the fight against climate change.

            India has been maintaining that the developed countries have been the major polluters over centuries and should assume greater role in fighting global warming by funding and transfering low-cost technology to developing nations.

Vivid Global Industries Ltd.

Vivid Chemicals (VCL) is engaged in the manufacture of tobias acid, a dye and pigment intermediate, and a naphthalene derivative used as a component to manufacture derivatives of value-added products such as sulpho tobias acid, J-acid and N methyl J-acid which in turn are used as intermediates for direct and reactive dyes. The company is promoted by Sudhir M Mody who has over 20 years of exposure to the business of dyes, dye intermediates and chemicals.

            It is the only manufacturer of tobias acid in the organised sector. The company has a plant to manufacture hydrochloric acid which was set up in 1973. Vivid Global Industries had initially set up a project to manufacture beta naphthol (BN) in 1987 at Tarapur, Maharashtra. But it faced problems, as the prices of its main raw material, naphthalene, increased. As the unfavourable movement in the prices of the major raw material affected VCL's performance, the company modified its facilities in 1992 so as to produce tobias acid instead of beta naphthol.

            The Share Price company had entered the capital market to part-finance an increase in the tobias acid capacity from 720 tpa to 960 tpa. The company also has facilities to manufacture phenyl J-acid, acetyl J-acid and rhoduline acid. While these are used in the dyestuff industry, sulpho tobias acid is also used in the electronics industry for coating IC circuit boards.

            The company exports 40% of its products to Japan, Taiwan, Thailand, Europe, Indonesia and the US.

Balaji Telefilms Share Price: Balaji Telefilms, Petronet LNG, Vakrangee hit 52-week high

Balaji Telefilms, Petronet LNG, Vakrangee, Strides Shasun, RPG Life Sciences and Sri Adhikari Brothers are among 95 stocks have touched their respective 52-week high on the BSE in intra-day trade today.

Balaji Telefilms Share Price has surged 11% to Rs 145 on the BSE on back of three-fold jump in trading volumes. A combined 1.66 million shares changed hands on the counter on the BSE and NSE till 02:46 PM.

The stock of entertainment firm hit 52-week high of Rs 150 in intra-day trade and rallied 34% post July-September (Q2FY16) quarter results on November 9. The company had reported a consolidated earnings before interest, income taxes, depreciation and amortization (EBITDA) of Rs 6.50 crore in Q2FY16 against a loss of Rs 9.80 crore in Q2FY15. The board has also approved fund raising plans up to Rs 250 crore.

Vakrangee rallied to its 52-week high of Rs 174, up 14% on the BSE in early morning trade after the company announced alliance with Ricoh India, to provide Managed Print Service (MPS) on a Pay per Unit (PpP) model to the un-served and under-served geographies in India through various Vakrangee Kendras.

Petronet LNG surged 5% to Rs 231, extending its Friday’s 7% rally on the BSE, on reports that RasGas of Qatar has agreed to modify the costly long-term offtake agreement, an online portal said. This will help the country's largest natural gas importer to avoid around Rs 10,000-crore penalty for not taking the agreed quantity of gas, unconfirmed reports said on Friday.

SpiceJet too zoomed 12% to its fresh 52-week high of Rs 69.75 on the BSE. In past one week, the stock soared 47% from Rs 47.58 as domestic air traffic rose 18.8% year-on-year, as airlines flew seven million passengers in October. SpiceJet reported the highest occupancy with a load factor of 92%.

PG Life Sciences locked in upper circuit for second straight day, up 20% at Rs 274 on the BSE. It zoomed 44% in past two trading sessions from Rs 191 on November 19.

Kopran, Grauer & Weil (India), SRS, Gayatri Projects and Take Solutions are among 22 stocks from the BSE Smallcap index hit 52-week highs today.

Article Source: Business Standard

HDFC Bank launches Rs 30 cr marketing campaign

Country's second largest private sector lender HDFC Marketing, which has launched 'sonic branding' or a musical logo, today said it will spend over Rs 30 crore to promote the new brand positioning which stresses on the digital banking.

"We have launched a distinct tune which represents the brand. This is a part of a national campaign that was launched before Diwali", its marketing head Kartik Jain told PTI.

The 'sonic branding' is being included at all the touch-points like ATMs and phone-banking application, where customers will hear the tune, he said.

The effort is part of a national marketing campaign stressing the digital banking, he said.

The campaign involves a spend of over Rs 30 crore, a senior official said.

Jain said the 360-degree campaign was first rolled out in non-metro cities before Diwali, and will soon be hitting the eight metros.

Last fiscal, the bank had invested Rs 140 crore in advertising efforts.

Article Source: Business Standard

Comments by Aamir Khan in his personal capacity: Snapdeal

Distancing itself from the controversial remark by superstar and its brand ambassador Aamir Khan on intolerance, e-commerce major Snapdeal today said the comments were made by the actor "in his personal capacity" and the firm is "no way connected" with them.

"Snapdeal is neither connected nor plays a role in comments made by Aamir Khan News in his personal capacity. Snapdeal is a proud Indian company built by passionate young Indians focused on building an inclusive digital India," Snapdeal said in a statement.

The controversy also raged online, with Netizens airing their views on Twitter. While many users deleted the Snapdeal app to show their protest against the e-commerce firm of which Khan is a brand ambassador, others have given a one-star rating (lowest).

"Dear @snapdeal I will not purchase anything from you until you remove @aamir_khan as brand ambassador. Will boycott #AamirKhan movies," read one tweet.

Khan is at the centre of a raging debate after he expressed "alarm and despondency" over recent incidents of intolerance during an interaction here.

"Kiran (his wife) and I have lived all our life in India. For the first time, she said, should we move out of India... She fears for her child, she fears about what the atmosphere around us will be," the actor had said on Monday.

Khan also supported those returning their awards, saying one of the ways for creative people to express their dissatisfaction or disappointment is by giving back awards.

"Everyday, we are positively impacting thousands of small businesses and millions of consumers in India. We will continue towards our mission of creating one million successful online entrepreneurs in India," it added.

Four stocks to turn ex-date for share split on Thursday

Stocks of four companies – Natco Pharma, Avanti Feeds, Associated Stone Industries - Share Price (Kotah) and Vitan Agro Industries – will turn ex-date for stock split, Rander Corporation will turn ex- consolidation of shares on Thursday, November 26, 2015.

Natco Pharma and Avanti Feeds boards had approved sub-division of equity shares in the ratio of 1:5 i.e. the sub-division of equity shares of their companies from the one share of Rs 10 each into five equity shares of Rs 2 each.

Associated Stone Industries (Kotah) approved the stock-split of equity shares from Rs 5 each to Re 1 each, and of Vitan Agro Industries from Rs 10 to Rs 1.

Thus far in 2015, Vitan Agro Industries has zoomed 384% from Rs 38.35 to Rs 184 on the BSE till yesterday.

Associated Stone Industries (up 75% from Rs 44.95 to Rs 78.45), Natco Pharma (up 70% from Rs 1,530 to Rs 2,596) and Avanti Feeds (67% from Rs 1,583 to Rs 2,643) have rallied more than 60% as compared to 6% decline in the S&P BSE Sensex during the period.

Meanwhile, Rander Corporation has tanked 90% from Rs 13.50 to Rs 1.38 so far in the current calendar year.

Stock markets will closed on November 25, 2015 on account of Gurunanak Jayanti.

Latest-News Online Restaurant Petoo To Ramp Up Expansion Plans

At a time food tech startups are scaling down their business due to cost constraints, Bengaluru-based online restaurant Petoo is treading a slow but cautious path of expansion. The company, currently present in select locations in Bengaluru, is looking to expand to five cities in 2016.

Latest News it has been operating at 13 locations in the city and last week expanded in six more locations.

The six-month-old company is in final talks of raising about $5 million which will be used for the expansion. The company that works on a hub and spoke model currently has a kitchen in Bengaluru, which it is in the process of converting to a food factory.

"We are planning to take food preparation to a larger scale so that there is little difference in the taste that is being delivered to different parts of the city. The equipments for the food factory will be designed and developed in-house," said Kumar Setu, co-founder of Petoo.

Through the six months after Petoo Online Restaurant began its operations, there has been a lot of learning on what worked well in the food-tech space, said Setu. "The major lesson we had was in the logistics space."

Initially, Petoo delivered food boxes only through its own team of delivery boys. However, it has now opted for third-party delivery partnerships with hyperlocal logistics startups like Opinio and Road Runnr. As a result, the six-month old company claims to have brought down its delivery cost from Rs 170 to Rs 53.

Petoo's co-founder Ritesh Dwivedy was also the co-founder of Just Eat that was later acquired by Rocket Internet.

Currently, the company delivers more than 1,000 orders per day and is growing at about 120% month on month. It has a team of about 65 including in operations, kitchen, technology and marketing.

ASSOCIATED STONE INDUSTRIES (KOTAH) LTD - SHARE PRICE

Promoted by the Jatias of Rajasthan, Associated Stone Industries - Share Price (ASIL) is involved in mining and polishing Kotah stone, which is found only in Kotah district, Rajasthan. ASIL, one of the oldest units in this segment, commenced operations in 1945.

The company has an enviable record of dividends, sustained consistently since 1945-46, its first year of operations. The bonus record, too, has been excellent. Located at Ramganjmandi near Kotah city in Rajasthan, ASIL can lay claim to 10 sq km of leased mines, consisting of seven plots. Of these seven mines, only one is fully mechanised. The company implemented a Rs 15-cr mechanisation project, financed by term loans and internal accruals.

ASIL commissioned its on-line processing and polishing unit at Silvassa without any slippage or cost overrun. It diversified into marble products and is carrying out a geological survey at Kakroli near Udaipur and had set up a plant there. In Apr.'95, Prerna Syntex (PSL), a 100% EOU, was amalgamated with the company, to enable it to diversify into textiles.

During 1997-98, Prerna Syntex Plant, 100% EoU located at Neemrana has succesfully installed the capacity of 24960 Spindles to produce 4673 tonnes of Cotton combed hoisery yarn per annum, it has commenced its production from 15th Jan.'97. During the financial year 1999-2000, the company received the approval of Government of India for NRI investment by way of equity shares.

The company is planning to import Quantum Clearer machines during the current year 2001-2002. To reduce the cost of production the company is planning to import furnace oil based captive power plant. By importing these machines Production of Contamination free yarn will become possible.

Article Source: Associated Stone Industries

Belgium police arrest 16 people in 22 raids; Paris fugitive still at large

This undated file photo released by French Police shows 26-year old Salah Abdeslam, who is wanted by police in connection with recent terror attacks in Paris, as police investigations continue. 

Belgian prosecutors announced early today that Belgium Police Arrest had detained 16 people in 22 raids but that Paris fugitive Salah Abdeslam was not among them. Despite the raids, authorities maintained their highest terror alert in the capital for a third straight day.

Federal prosecutor Eric Van Der Sypt said 19 raids were carried out in Molenbeek and other boroughs of Brusselsand three raids were carried out in other cities.

“We have to stress that no firearms or explosives were discovered … During the raids,” Van Der Sypt said.“Certain elements in the investigation made yesterday’s intervention necessary. The investigation will in any case be relentlessly continued.”

One of those detained was injured when a car he was in tried to ram police during an attempted getaway, Van Der Sypt said.

The raids capped a tense day with hundreds of troops patrolling and authorities hunting for one or more suspected militants, the Belgian government chose yesterday to keep the capital on the highest state of alert into the start of the workweek to prevent a Paris-style attack.

Citing a “serious and imminent” threat, Prime Minister Charles Michel announced that schools and universities in Brussels will be closed today, with the subway remaining shut down, preventing a return to normal in the city that is also home to the European Union’s main institutions.

“We fear an attack like in Paris, with several individuals, perhaps in several places,” Michel said after chairing a meeting of Belgium’s National Security Council.

While Brussels was kept on the highest of four alert levels, the rest of the country remains on a Level 3 alert, meaning an attack is “possible and likely.”

“Nobody is pleased with such a situation. Neither are we. But we have to take our responsibility,” Michel said.

Western leaders stepped up the rhetoric against the Islamic State group, which has claimed responsibility for the attacks in Paris that killed 130 people and wounded hundreds more; the suicide bombings in Beirut that killed 43 people and injured more than 200; and the downing of the Russian jetliner carrying 224 people in Egypt’s Sinai Peninsula. All happened within the past month.

“We will not accept the idea that terrorist assaults on restaurants and theatres and hotels are the new normal, or that we are powerless to stop them,” President Barack Obama said in Kuala Lumpur, Malaysia.

French Defence Minister Jean-Yves Le Drian said IS must be destroyed at all costs. “We must annihilate Islamic State worldwide … And we must destroy Islamic State on its own territory,” Le Drian said. “That’s the only possible direction.” 

Article Source: Business Standard