Ricoh included in Top 100 Global Innovators List

Ricoh Company has been named to the 2014 Top 100 Global Innovators list by Thomson Reuters, one of the world’s leading sources of intelligent information for businesses and professionals. The Thomson Reuters Top 100 Global Innovators Award honors companies that lead global business by protecting the creative ideas of inventions through intellectual property rights and transforming them into successful forms of business. Analysis of data for the past five years is conducted based on four principal criteria: overall patent volume, patent grant success rate, global reach of the portfolio, and patent influence as evidenced by citations. Ricoh was selected on account of its high scores for the patent grant success rate, which shows the percentage of all patent applications that were successfully registered, and the global reach of the portfolio, which indicates a balance in the patents acquired in the four major markets of China, the United States, Europe, and Japan. Ricoh India is a leading global player in the area of imaging solutions like Digital Plain Paper Copiers, Colour Plain Paper Copiers, Colour & Mono Lazer Printers, Fax machines, Thermal paper etc.

NSE Corporate Bonds Trading report

As per the NSE data, HOUSING DEVELOPMENT FINANCE CORPORATION LTD SR-M 015 9.45 NCD 21AG19 FVRS10LAC, currently trading at Rs 102.4588 with Last Trade Yield (YTM) Annualized of 8.7700% was in maximum demand, followed by RURAL ELECTRIFICATION CORPORATION LIMITED SR-123 III OPT I 9.25 BD 25AG17 FVRS10LAC, trading at Rs 101.7894 with YTM Annualized of 8.4600%, L&T FINCORP LIMITED SR-C OPT 5 9.7 NCD 26AG16 FVRS25LAC, trading at Rs 100.7478 with YTM Annualized of 8.7165% and RURAL ELECTRIFICATION CORPORATION LIMITED SR-123 IV 8.97 BD 08SP16 FVRS10LAC, trading at Rs 100.8388 at a YTM of 8.4000%.

Dr Reddy’s Laboratories trades in green on the BSE

Dr Reddys Laboratories is currently trading at Rs. 3495.30, up by 64.40 points or 1.88% from its previous closing of Rs. 3430.90 on the BSE. The scrip opened at Rs. 3454.00 and has touched a high and low of Rs. 3511.00 and Rs. 3431.30 respectively. So far 16903 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3503.55 on 13-Nov-2014 and a 52 week low of Rs. 2250.00 on 19-May-2014. Last one week high and low of the scrip stood at Rs. 3503.55 and Rs. 3370.00 respectively. The current market cap of the company is Rs. 59394.64 crore. The promoters holding in the company stood at 25.49 % while Institutions and Non-Institutions held 43.79 % and 13.69 % respectively. Dr Reddy’s Laboratories and US firm Endo International Plc have received final approval from US Food and Drug Administration (US FDA) to make cheaper copies of Roche Holding AG's antiviral Valcyte. The move comes after Ranbaxy Laboratories on Thursday said that FDA had stripped the company of its tentative approval to launch the first copy of the drug due to quality control issues at its manufacturing plants. Ranbaxy, whose all India-based manufacturing plants have been banned by the FDA from exporting to the United States, also lost its rights to a six-month market exclusivity for Valcyte generic. Dr. Reddy's is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses - Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.

Trent trades higher on the bourses

Trent is currently trading at Rs. 1500.00, up by 14.35 points or 0.97% from its previous closing of Rs. 1485.65 on the BSE. The scrip opened at Rs. 1499.70 and has touched a high and low of Rs. 1551.90 and Rs. 1489.20 respectively. So far 5943 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1551.90 on 19-Nov-2014 and a 52 week low of Rs. 910.60 on 19-Nov-2013. Last one week high and low of the scrip stood at Rs. 1551.90 and Rs. 1368.00 respectively. The current market cap of the company is Rs. 4998.02 crore. The promoters holding in the company stood at 32.61% while Institutions and Non-Institutions held 39.73% and 27.65% respectively. Trent Hypermarkets, the joint venture (JV) company between Trent and Tesco, is reportedly all set to open four new stores under the Star brand in January-February next year, which will be located in Mumbai, Pune and Bangalore. The stores are between 2,000 sq ft to 30,000 sq ft and will house its large format Star Bazaar, mid format Star Market and small format Star Daily. Trent Hypermarkets’ current stores are in Maharashtra and Karnataka, and it plans to open three to five more stores in these states. Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.

Crompton Greaves to open new smart grid facility in France

Crompton Greaves (CG) will be opening a new facility in Grenoble (France) to produce, test and calibrate over 2 million ZIV smart meters per year. The company has chosen Grenoble to open this new facility, so as to cover the demand for Linky meters in France, and thereby provide local support to ERDF. The company recently won an order from ERDF to participate in the supply of three million Linky smart meters, in the first phase of its 35 million unit rollout plan for 2021.

This facility will house the Centre of Excellence for G3-PLC technology, be fully equipped to manufacture ZIV single and three phase Linky G1 and G3 meters, and will be ready to produce the first units by the second quarter of 2015. The company will also contribute to the creation of sustainable local employment, as this centre will make available, around 200 direct and indirect jobs in the area, once full production capacity is reached.

The Grenoble manufacturing facility, together with the existing facilities in Spain, will enable the company to face new challenges from large-scale deployments in France, UK, Spain, the Netherlands and other countries in the area with greater agility. Europe's smart metering market is expected to grow sharply and hit 180 million units by 2020. The overall Distribution Automation market in Europe is expected to reach over 800 M$ by 2018. The company's ZIV smart meters are gaining a strategic position in the Smart Grid European market where it has achieved key wins in 2014.

Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.

Gold futures trade higher on pick up in demand

Gold futures traded up on MCX as a pickup in physical demand amid a boost in gold reserves by Russia, coupled with rising geopolitical tensions which bolstered bullion’s safe haven appeal lifted prices.

The contract for December delivery was trading at Rs 26606.00, up by 0.04% or Rs 10.00 from its previous closing of Rs 26596.00. The open interest of the contract stood at 9039.00 lots.

The contract for February delivery was trading at Rs 26841.00, up by 0.03% or Rs 9.00 from its previous closing of Rs 26832.00. The open interest of the contract stood at 3326.00 lots on MCX.

Modi govt relaunches Kisan Vikas Patra to wean poor off Ponzi schemes

With a view to raise the rate of domestic savings that are in decline, the government re-launched the Kisan Vikas Patra (KVP) investment scheme designed to target the country's poor. Finance Minister Arun Jaitley said at the launch of a revamped KVP that in the last 2-3 years, the savings rate in the country had declined from a record high of 36.8 percent to below 30 percent due to a slowdown in the economy. It was, therefore, necessary to encourage people to save more. Jaitley said that there was an urgent need to raise savings in the country, which will then be used for nation building. Besides, KVPs would help poor gullible investors channelise their savings in trusted government scheme instead of Ponzi schemes where hard-earned savings disappear. Available in the denominations of Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000, the sum invested would be doubled in 100 months. The instrument has no upper limit for investment and can be encashed after a lock-in period of 30 months. The certificates can be issued in single or joint names and can be transferred from one person to any other person or persons, multiple times. Transfer facility will be available from one post office to another in India, as well as of nomination. The certificate can also be pledged as security to avail loans from the banks, and in other cases of need as collateral security. The scheme, launched earlier in 1988 was very popular, while the percentage share of gross collections under KVP was in the range of 9 percent to 29 percent against the total collections received under all National Savings Schemes. KVP gross collections in 2010-11 (scheme closed in November 2011) were Rs 21,631.16 crore

Unitech trades higher on the bourses

Unitech is currently trading at Rs. 20.75, up by 0.20 points or 0.97% from its previous closing of Rs. 20.55 on the BSE.

The scrip opened at Rs. 20.50 and has touched a high and low of Rs. 21.00 and Rs. 20.30 respectively. So far 2707334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 38.60 on 10-Jun-2014 and a 52 week low of Rs. 10.86 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 21.95 and Rs. 19.60 respectively. The current market cap of the company is Rs. 5441.91 crore.

The promoters holding in the company stood at 47.62% while Institutions and Non-Institutions held 28.28% and 24.11% respectively.

Unitech has reported 26% fall in its sales bookings to Rs 527 crore in the first six months of this fiscal due to slowdown in the realty sector. The company had sold properties worth Rs 717 crore in the corresponding period of last fiscal.

In volume terms, the company’s sales declined to 0.91 million sq ft during April-September period of this fiscal from 1.05 million sq ft in the year-ago period. The average realisation has also dropped to Rs 5,818 per sq ft from Rs 6,830 per sq ft during the period under review.

Segment-wise, the sales bookings in residential more than halved to Rs. 251 crore in the first half of 2014-15 from Rs. 510 crore in the corresponding period of last fiscal. However, in the non-residential segment, sales booking increased to Rs. 276 crore from Rs. 207 crore.

Further, Unitech delivered 2.15 million sq ft of completed area, while it launched 0.64 million sq ft area in the first six months of this fiscal.

Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.

Coal Ministry to come up with draft rules for e-auction for 74 coal blocks

The Coal Ministry is likely to issue draft rules for e-auction for 74 coal blocks, the rules will be put up for public consultation as well as stakeholder consultation too, it is being done to be fair to all the parties involved. The draft rules are expected to provide clarity on compensation and will pave way for a cap on tariffs levied. Earlier, the government as per its plan to allocate coal blocks through auction by February next has asked the allottees of 74 mines to provide information about their fields by November 25. These 74 mines are part of those 204 coal blocks whose allocation to various companies since 1993 was quashed by the Supreme Court on the ground that they were done in an illegal manner. The coal block allottees have been asked to provide details on environment clearance, production and land status. They have to submit copies of geological report and environment clearance and forest clearance, production details, status of land (mine and infrastructure) acquisition and details of capital investment. For determination of the valuation, the government would use data like year-wise and cumulative production till March 2014 and for FY15; cost of land acquired for mine and infrastructure; cost incurred on rehabilitation and re-settlement; details of operating costs including outsourcing costs etc. The government had recently set up a high-level inter-ministerial committee to ensure the smooth allocation of 204 cancelled coal blocks and is planning to build a consensus on the modalities for coal block auctions. It will also consult stakeholders including industry associations like FICCI, CII, Assocham and coal and power producers' associations on ways to undertake coal block auctions.

IFCI sells 25.14 lakh shares of Era Infra Engineering

IFCI has sold 25.14 lakh shares of Era Infra Engineering through the open market route. The shares were sold on an average price of Rs 9.30 valuing the transaction to Rs 2.33 crore. 

Era Infra Engineering, incorporated in September 1990, is the flagship company of the Era Group. The company is a growing construction company with a pan-India presence and has experience in various kinds of construction projects such as power, housing, road, industrial and aviation.