Reliance Industries Board declares Interim Dividend

Reliance Industries Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2016, has declared an interim dividend of Rs. 10.50 per fully paid-up equity share. 

Reliance Industries Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2016, has declared an interim dividend of Rs. 10.50 per fully paid-up equity share of Rs. 10/- each of the Company.

Reliance Industries Ltd ended at Rs. 1012, down by Rs. 29.95 or 2.87% from its previous closing of Rs. 1041.95 on the BSE.

The scrip opened at Rs. 1043.7 and touched a high and low of Rs. 1045 and Rs. 1009 respectively. A total of 5087963(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 337603.74 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 796.75 on 30-Mar-2015. Last one week high and low of the scrip stood at Rs. 1044 and Rs. 997.55 respectively.

The promoters holding in the company stood at 45.2 % while Institutions and Non-Institutions held 31.96 % and 19.71 % respectively.

The stock traded below its 50 DMA.

Global Crude oil price of Indian Basket was US$ 36.80 per bbl on Wednesday

This was lower than the price of US$ 37.07 per bbl on Tuesday.

The international crude oil price of Indian Basket as computed/published by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 36.80 per barrel (bbl) on Wednesday. This was lower than the price of US$ 37.07 per bbl on Tuesday.

In rupee terms, the price of Indian Basket decreased to Rs 2482.93 per bbl on Wednesday as compared to Rs 2495.94 per bbl on Tuesday. Rupee closed weaker at Rs 67.46 per US$ on 09.03.2016 as against Rs 67.34 per US$ on Tuesday. The table below gives details in this regard:

 

Particulars	Unit	Price on March 09, 2016 (Previous trading day i.e. 08.03.2016)	Pricing Fortnight for 01.03.2016 (12 Feb to 25 Feb, 2016)
Crude Oil (Indian Basket)	($/bbl)	36.80             (37.07)	30.61
	(Rs/bbl	2482.93         (2495.94)	2096.17
Exchange Rate	(Rs/$)	67.46             (67.34)	68.48

PTC India gains 3%;subsidiary successfully commissions wind power project

The company has informed BSE that its subsidiary PTC Energy Limited has successfully commissioned wind power project at Jaora, Ratlam District in Madhya Pradesh. 

Shares of PTC India are trading up 2.65% at Rs. 64. The company has informed BSE that its subsidiary PTC Energy Limited has  successfully commissioned wind power project at Jaora, Ratlam District in Madhya Pradesh.

PTC India Ltd opened at Rs. 62.55 and has touched a high and low of Rs. 64.4 and Rs. 62.4 respectively. So far 830410(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1845.62 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.3 on 10-Mar-2015 and a 52 week low of Rs. 50.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 64.25 and Rs. 61.35 respectively.

The promoters holding in the company stood at 16.22 % while Institutions and Non-Institutions held 57.27 % and 26.51 % respectively.

The stock is currently trading below its 200 DMA.

DHFL jumps 3% after approval to raise funds

The company received an approval to raise funds up to Rs. 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges. 

DHFL jumped 3% to Rs.182.50 on BSE. The company received an approval to raise funds up to Rs. 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges.

The board of directors at its meeting held on March 09, 2016 has approved for the same.

The scrip opened at Rs. 180 and has touched a high and low of Rs. 184.35 and Rs. 180 respectively. So far 1077683(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5173.58 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.5 on 10-Mar-2015 and a 52 week low of Rs. 140.55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 179.45 and Rs. 163 respectively.

The promoters holding in the company stood at 34.9 % while Institutions and Non-Institutions held 37.5 % and 27.6 % respectively.

The stock is currently trading above its 200 DMA. 

Dividend delight! Many more companies boards to meet today to discuss dividends

Check out the latest stock which get dividend today. Aarti Drugs has informed BSE that a meeting of the Board of Directors of the Company will be held on March 16, 2016, inter alia, to consider declaration of 3rd Interim Dividend for the financial year 2015-16, if any.

Aarti Drugs Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 16, 2016, inter alia, to consider declaration of 3rd Interim Dividend for the financial year 2015-16, if any.

MM Forgings Ltd has informed BSE that the Company has fixed March 22, 2016 as the Record Date for the purpose of payment of Interim Dividend.

Oil & Natural Gas Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on March 09, 2016 have approved 2nd Interim Dividend of Rs. 0.75 (Seventy five paisa only) per equity share of Rs. 5/- each, for the Financial Year 2015-16.

AIA Engineering Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, to consider the declaration of Interim Dividend for the Financial Year 2015-16.

Astral Poly Technik Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider, the declaration of 2nd Interim Dividend to the members of the Company for the Financial year 2015-16.

Bajaj Electricals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare Interim dividend for financial year ended March 31, 2016 i.e. FY 2015-16.

D. B. Corp Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider declaration of “One-time Special Dividend” for the FY 2015-16, if any and to fix Record Date for the purpose.

Dishman Pharmaceuticals and Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend on equity shares of the Company for the financial year 2015-16.

Divis Laboratories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016,
inter-alia, to consider and declare interim dividend on the paid-up equity share capital of the Company for the financial year 2015-16.

Great Eastern Shipping Company Ltd has now informed BSE that the meeting of the Board of Directors of the Company scheduled on March 10, 2016, will, inter-alia, also consider declaration of Interim Dividend, if any.

Hero MotoCorp Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare the Interim Dividend for the financial year ending March 31, 2016.

Jyothy Laboratories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider the declaration of Interim Dividend on the Equity Shares of the Company for the financial year 2015-16.

KCP Ltd has informed BSE that a meeting the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider the declaration of interim dividend, if any.

KRBL Ltd has informed BSE that March 18, 2016 has been fixed as Record Date for payment of Interim Dividend that may be declared by the Board of Directors for the Financial year 2015-16 at their Meeting to be held on March 10, 2016.

Marico Ltd has now informed BSE that the Company has Revised the Record Date as March 18, 2016 instead of March 17, 2016 as informed earlier, for the purpose of Payment of Third Interim Dividend.

Noida Toll Bridge Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider payment of Interim Dividend on the Equity Shares of the Company, for the Financial Year 2015-2016.

Reliance Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider and declare interim dividend.

Rico Auto Industries Ltd has informed BSE that the Company has fixed March 18, 2016 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

Shoppers Stop Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, will consider the proposal for declaration of Interim Dividend to the equity shareholders, for the financial year 2015-16.
 
Shree Cement Ltd has informed BSE that a Resolution is proposed to be passed by the Board of Directors of the Company by way of circulation on March 10, 2016 to consider declaration of 2nd interim dividend for the financial year 2015-16 and fixation of record date for the same, if declared.

Symphony Ltd has informed BSE that the Company has fixed March 18, 2016 as the Record Date for the purpose of ascertaining members eligible to receive 2nd interim dividend for the financial year 2015-16.

Torrent Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter-alia, to consider declaration of the Interim Dividend on the equity shares of the Company for the FY 2015-16.

Welspun India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 10, 2016, inter alia, to consider the proposal to declare interim dividend on equity shares for financial year 2015-16. 

HUL settles Kodaikanal factory issue with former employees

The settlement has been entered into on humanitarian considerations to put an end to this long standing matter pending in the Court for several years and also is in keeping with the suggestion of the Madras High Court. 

Hindustan Unilever Limited (HUL) and Pond’s HLL ex-Mercury Employees Welfare Association, representing the ex-employees of the former thermometer factory in Kodaikanal, have today announced the signing of a settlement. The Memorandum of Settlement reached was recorded in an order passed by the Hon’ble Madras High Court. The settlement has been entered into on humanitarian considerations to put an end to this long standing matter pending in the Court for several years and also is in keeping with the suggestion of the Hon’ble Madras High Court.

Dev Bajpai, Executive Director – Legal and Corporate Affairs, HUL said, “We have worked hard over many years to address this and find the right solution for our former workers. We, alongside all involved, are glad to see an outcome to this long-standing case. The wellbeing of our employees and the communities in which we operate has and will always remain paramount. This agreement demonstrates our commitment to this”.

HUL has been engaging with former workers’ representatives to reach an amicable agreement for several years now, on the advice of the Hon’ble Madras High Court. In the last two years, the company has had multiple meetings with the former workers’ representatives to resolve this issue in a mutually satisfactory manner.

S.A. Mahindra Babu, the president of the Pond’s HLL ex-Mercury Employees Welfare Association, said, "We welcome the actions taken by HUL to bring these negotiations to a satisfactory closure. We are pleased with all the terms of the agreement which will help to ensure the long-term health and well-being of the factory’s former workers. We now consider this issue to be fully resolved and have no more grievance against the Company in this regard."

This agreement was signed on March 4, 2016 in the presence of representatives of former workers and HUL. As part of the agreement, HUL, with an objective to ensure long term wellbeing of its former workers, has agreed to provide ex gratia payments to 591 former workers/association members and their families towards livelihood enhancement projects and skill enhancement programs.

The former employees have confirmed this as a full and final settlement of all their claims and demands. They will withdraw the petition they had filed in February 2006 in the Hon’ble Madras High Court.

Coal India strike; PSU management to meet Unions next week

The proposed strike on March 29 is likely to hit the production of the coal behemoth, says a report

Coal India Ltd stock was up by 1% at Rs. 324. Report says that the company management is likely to meet the protesting unions next week over the issue.

The proposed strike on March 29 is likely to hit the production of the coal behemoth, says a report.

Last month, the government had stated that four central trade unions (CTUs) of the coal sector had given notice to go on strike, says report.

The scrip opened at Rs. 326.6 and has touched a high and low of Rs. 326.6 and Rs. 323.65 respectively. So far 501615(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 203702.61 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 286.9 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 334 and Rs. 310.4 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.44 % and 2.91 % respectively.

The stock is currently trading below its 200 DMA.

Infosys falls 2% after multiple block deal

Around 78 lakh shares were traded in a multiple block at Rs. 1150.75 on the BSE and NSE. 

Infosys slipped 2% to Rs.1156 on BSE. Around 78 lakh shares were traded in a multiple block at Rs. 1150.75 on the BSE and NSE. The stock is top losers on NSE. Infosys shareholders to offer 7.5m shares at Rs. 1,149.0-1,178.5 each in a block deal. Selling Shareholders include names like S Gopalakrishnan (5mm shares), S D Shibulal (1mm shares), Kumari Shibulal (1mm shares), and Shruti Shibulal (0.5mm shares).

The scrip opened at Rs. 1164 and has touched a high and low of Rs. 1164.1 and Rs. 1147.5 respectively. So far 10583030(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 270694.93 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1219 on 12-Oct-2015 and a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1192.9 and Rs. 1144 respectively.

The promoters holding in the company stood at 13.07 % while Institutions and Non-Institutions held 57.18 % and 12.48 % respectively.

The stock is currently trading below its 50 DMA.  

Cabinet to mull series of oil & gas issues today

Four oil sector related items are said to be on the Cabinet agenda, say reports, adding that ONGC is likely to be awarded Ratna and R Series oil fields. 

The Union Cabinet is expected to meet on Thursday to discuss various issues related to the oil & gas sector, including the awarding of Ratna and R-series oil fields, according to media reports. 

Four oil sector related items are said to be on the Cabinet agenda, say reports, adding that ONGC is likely to be awarded Ratna and R Series oil fields.

Essar Oil was initially awarded the Ratna and R Series oil fields in 1996.

ONGC had claimed to have discovered these oil fields, but Essar Oil won the rights via bidding in 1996. 

The Cabinet is also likely to extend the production sharing contracts (PSCs) of 28 small fields on Thursday.

The Cabinet Committee on Economic Affairs (CCEA) will likely decide on a slew of measures aimed at giving impetus to the country’s upstream hydrocarbon sector on Thursday, reports a business daily. 

Topping the CCEA agenda will be the Union Budget proposal to accord gradual marketing freedom and higher pricing power to natural gas producers from unexploited difficult areas, says the daily.

But, CCEA might also usher in single-licence system for all forms of hydrocarbons, it adds. 

Once the uniform license system is introduced, drilling of all forms of hydrocarbons could be done under a single contract, according to the paper.

Reliance Defence gets 12 industrial licences from Centre

Licences have been given to the Strategic Business Units (SBU) under Reliance Defence to address defence programmes in India and Overseas, says a business daily.

The licensing committee of the Department of Industrial Policy & Promotion (DIPP) has approved 12 industrial licences for Reliance Defence, a subsidiary of Reliance Infrastructure, for the manufacture of wide range of defence equipment required by the Indian Armed Forces and overseas markets.

Licences have been given to the Strategic Business Units (SBU) under Reliance Defence to address defence programmes in India and Overseas, says a business daily. 

“The foray of Reliance into these areas will give added traction to the government’s Make in India and Skill India initiatives,” according to Reliance Defence.

In the Aerospace segment, the company will be looking at addressing the aircraft requirement of the Indian Navy pegged at INR 9,000 crore, and light utility helicopters, an opportunity valued at more than INR 20,000 crore. 

In addition, there is a requirement of 160-200 medium to heavy helicopters, valued at INR 50,000 crore.

The transport and the combat aircraft requirements for the Indian Air Force (IAF) in the next 10 years will be in excess of INR 60,000 crore.

For the Land Systems, Reliance Defence has received licences for the manufacture of missiles and all-terrain combat vehicles.

For the Naval Systems, Reliance Defence is focusing on key systems. Reliance Naval Systems is already working on C4I, Underwater systems, Weapons, Radars and Electro Optic Systems.