Month: June 2017

Morning Business News Round Up_June 28,2017

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Morning Business News :

  • Govt to set up ‘war room’ to deal with GST issues
  • IMF cuts US growth forecast to 2.1% for 2017-2018
  • NITI Aayog proposes break up of Coal India into 7 cos
  • Russian oil giant Rosneft hit by ‘powerful’ cyber attack
  • BofA-ML pegs fake cartier bracelet over 15% credit growth this fiscal
  • EU slaps Google with 2.42 billion euros fine
  • New AS may hit banks’ lending to infra, realty firms
  • Trading tips via SMSes: Sebi seeks RBI, Trai help to prevent such scams

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  • Liberty House cartier mens bracelet leather
    in talks to buy beleaguered ABG Shipyard
  • M&M’s tractor business turns more fertile than SUVs, CVs
  • India’s apparel exports to set new record at $20 billion in FY17-18
  • Govt makes fresh attempt to revive IDBI Bank
  • MSME Ministry inks pact with SAP India, Intel, HMT
  • L&T Construction bags orders worth Rs. 2,552 cr
  • Germany and France to lead post-Brexit EU in further integration
  • Suzlon Energy approves allotment of 79.70 lakh shares on FCCB conversion
  • BHEL wins cartier love bracelet 15 MW solar PV plant order in Gujarat
  • US FDA unveils steps to expedite generic drugs availability in the market
  • ILFS Fund exits Indiabulls’ Worli project for Rs358 crore
  • Piramal Enterprises to raise up to Rs500 crore via NCDs
  • ONGC gets green nod for exploratory drilling in KG basin
  • BSE, NSE to launch F&O contracts in ICICI Pru Life, four others
  • Dena Bank plans Rs1,800 crore fund raise via QIP
  • Software testing complete, ready for smooth GST rollout: GSTN
  • Ransomware 2.0 blitzes several Indian, European cos
  • ICEMA cuts construction equipment growth rate cartier love necklace to 5% due to GST
  • India’s tea exports may go up, prices to improve: ICRA
  • NPPA gets GST ready; releases ceiling price of 761 medicines
  • Sun Pharma, NIV join hands to fight zika, chikungunya, dengue
  • SpiceJet is world’s top airline stock
  • RBI on alert as foreign stake in AU nears 49%
  • Market in a consolidation mode over GST launch

Morning Business News Round Up_June 19,2017

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Morning Business News :

  • Sebi may make cartier bracelets acquisition of distressed assets stress-free
  • Council gives relaxation of 2 mths for filing GST returns
  • Govt wants 4 more cartier bracelets PSBs to become global giant
  • Secrecy must for automatic info exchange: Swiss bank
  • Bankers to meet from Monday to decide on defaulters
  • GST: Anti-profiteering panel to levy penalty, to have sunset date
  • Sebi’s forensic audit on NSE brokers to establish gains
  • 90% Jio users opted for Prime, most ready to continue: BofAML
  • Vedanta to set up steel plant in Jharkhand in JV with JSMDC
  • DoT tells FinMin to slash telecom revenue target by 40%
  • Govt will push ‘bill to ensure min wage’ for all workers in monsoon session
  • Big NPAs offer insolvency professionals a Rs 2,500-cr biz prospect
  • Tata Sons begins group revamp to simplify shareholding
  • Rosneft plans big to tap Indian retail fuel market: Pradhan
  • India Inc seals 36 deals worth $1.89 billion in May
  • Dividend tax to add Rs. 740 cr burden on MF retail investors
  • Brace for short-term growth slowdown post GST rollout
  • FPIs invest $3.55 bn so far this month
  • CDSL and GTPL Hathway IPOs to hit market this week, eye Rs1,000 crore

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  • Wipro flags cybersecurity breaches as potential risk to business
  • Govt planning strategic sale of Dredging Corp through auction
  • SBI may look at IPO of general cartier mens bracelet leather
    insurance business next fiscal
  • IndusInd Bank sells Vasan Healthcare loans to Edelweiss ARC
  • Continuing impact of note ban to cost MFIs dearly,warns report
  • Continuing impact of note ban to cost MFIs dearly,warns report
  • Need to firewall systems to counter cyber risks around GST
  • Natural calamities in Asia, Pacific replica cartier threat to infrastructure, says ADB
  • portal MCA21 came under WannaCry attack
  • BMW to invest Rs 130 cr in India to rev up operations
  • Finmin asks PSBs to explore acquisition of smaller banks

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Morning Business News Round Up_June 16,2017

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Morning Business News :

  • Banks look to recover bad loans worth Rs 1.5L cr
  • India’s current account deficit widens in January-March
  • BP, RIL tie up for Rs 40,000 cr oil plan for India
  • Petrol price cut by Rs 1.12 a litre, diesel by Rs 1.24/litre
  • 20 Indian firms in top 100 companies in Asia300 ranking
  • Builders must pass on lower GST to buyers: Govt
  • India’s gold imports surge 3-fold to $4.95 billion in May
  • Challenges remain amid govt’s push for digital economy
  • Current account deficit widens in Q4 to 0.6% y-o-y
  • Centre to reduce stake in MSTC to 64% from 90%
  • RBI easing housing finance norms credit negative: Moody’s
  • Sebi ups penalty for non-compliance
  • India Inc’s overseas investment drops 56% in May
  • Solar, not coal, is India’s future by 2030: Report
  • GST Council discount cartier bracelet to meet on June 18 to finalise draft rules, tax rate on lottery
  • Dumping duty imposed on hydrogen peroxide imports from 6 countries
  • GST will be boon for tax payers and bane for evaders’

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  • RuPay credit cards likely to be rolled out in a month: NPCI
  • Tesla in talks with govt to reduce import duty: Musk
  • Saudi Aramco seeks exclusive talks for stake in mega refinery
  • RBI likely to step up forex buying, rate cut on cards: report
  • Tata Capital said to raise $1 billion across three private equity funds
  • Non-farm jobs on the rise in India: McKinsey report
  • Reliance Jio spells big trouble for India’s small telcos
  • Mid-sized Indian firms to create 7 million www.callingallcakes.org jobs by 2021: survey
  • Bank of England holds policy rates at record low 0.25%; India has it at 6.25%
  • Sensex, Nifty edge lower on profit-taking; bank stocks fall, pharma shares cheer
  • Havells India to issue Rs 150 crore commercial paper to Yes Bank
  • China, India seen as $4 tn opportunity for energy by 2040
  • Pennar group looks to set up joint venture in US
  • Warburg Pincus to pick cartier replica up 43% in Tata cartier mens bracelet leather
    Tech for $360m
  • A good monsoon is little comfort for despairing farmers
  • Centre approves Rs 580-cr to Markfed for buying pulses in MP
  • India top remittance receiving country in 2016, says UN report
  • RIL-BP to invest USD 6 bn in developing new gas fields

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Forthcoming IPO_Tejas Networks Limited

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Tejas Networks Ltd.
Issue Open Date 14-Jun-17
Issue Closing Date 16-Jun-17
Price Band (Rs.) 250 – 257
Minimum Bid Quantity. 55
Issue Size (Shares) 30711605
Market Lot 1

Objects of the Issue:

The Offer comprises the Fresh Issue and the Offer for Sale.

1. Offer for Sale – The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue – Company proposes to utilize the Net Proceeds towards funding the following objects:

A. Capital expenditure towards payment of salaries and wages of research and development team;
B. Working capital requirement; and
C. General corporate purposes.

Business Description :

Tejas Networks Limited Logo

Incorporated in year 2000, Tejas Networks Ltd is Bangalore cartier mens bracelet leather
based optical and data networking products company. Trjas design, develop and sell products to telecommunications service providers, internet service providers, utility companies, defense companies and government entities in India and over cartier love bracelet 60 countries. These products are used in building high-speed communication networks to carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fiber.

Tejas Networks build hardware and software products related to optical and data networking. The hardware is build using modular approach and the software-defined architecture allows the company to remotely upgrade the hardware with new capabilities and features. Tejas Networks outsource most of its manufacturing to electronics manufacturing services companies.

Tejas Networks offer pay-as-you-grow business model where its clients purchase its products/services incrementally as needed.

Tejas Networks Ltd have filed 326 patent applications, with 198 filings in India, 87 filings in the United States and 6 filings in Europe, out of which 47 patents have been granted.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 8,383.03 7,280.56 7,452.00 6,563.40 6,397.81
Total Revenue 6,274.57 3,868.26 4,230.55 3,692.71 2,014.22
Profit After Tax 290.05 (178.66) 27.77 (790.43) (928.90)

Company Contact Information

Tejas Networks Limited
J.P. Software bracelet replica cartier Park, Plot No. 25,
Sy.No. 13, 14, 17 & 18, Konnapana Agrahara Village
Begur Hobli, Bengaluru 560 100
Phone: +91 80 4179 4600
Fax: +91 80 2852 0201
Email: corporate@tejasnetworks.com
Website: http://www.tejasnetworks.com/
 

Tejas Networks IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: tnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Tejas Networks IPO Lead Manager(s)

1. Axis Capital Limited
2. Citigroup Global Markets India Private Limited
3. Edelweiss Capital Limited
4. Nomura Financial Advisory And Securities (India) Pvt Ltd

 

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Morning Business News Round Up_June 05,2017

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Morning Business News :

  • Modi’s note ban gamble gets a big thumbs-up from WB
  • Construction, transport, retail may create most jobs’
  • Textile industry welcomes low GST for natural fibres
  • Banks not yet prepared for GST roll-out: IBA
  • India to take up road and highway projects abroad
  • Telecom industry’s cash deficit at Rs 1.2 lakh cr: RCom
  • Andhra and Allahabad Bank to sell Rs 6k cr of NPA
  • India slips to 45th spot in IMD’s competitiveness list
  • 25,000-Mw thermal power projects on sale, but buyers missing
  • US recognises India as major defence cartier mens bracelet leather
    cartier nail bracelet
     partner: James Mattis
  • FDI in services sector up 26% to $8.68 bn in FY17
  • NSE to launch international exchange at GIFT city

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  • FPIs stay glued to Indian market, put in $4.2 bn in May
  • BoI may sell stake in subsidiaries to raise capital to deal with bad loans
  • SEBI forms committee on corporate governance
  • Reliance, L&T vying for ₹25,000-cr defence deal
  • FinMin suggests 5% GST levy on natural gas
  • Mandhana to take Being Human brand to tier www.callingallcakes.org 2 & 3 markets
  • Gold jewellers welcome new GST rates
  • India’s GDP growth to remain flat at 7.1% in 2017-18: HSBC
  • SoftBank’s $100 billion fund says in talks with Canada, Mideast for $7 billion cash
  • Panasonic eyes Rs1,150 crore cartier bracelets revenue from B2B segment in FY18
  • Railways to raise Rs35,000 crore with World Bank’s help for investments
  • PSBs to raise Rs58,000 crore from capital markets this fiscal
  • Government starts GST awareness drive for consumers
  • Aadhaar mandatory for kerosene subsidy, Atal Pension Yojana
  • Foreign investors with modern technology welcome in steel sector
  • Export volumes rose in FY17 on low commodity prices
  • 81% items in/below 18% slab
  • Signs of recovery in rural, urban consumption
  • Shell company directors to face up to five years disqualification

Morning Business News Round Up_June 02,2017

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Morning Business News :

  • Aadhaar gets cartier replica new security guards after replica cartier widespread data leak fears
  • Note ban impact overstated by pre-conceived notions
  • Niti Aayog to merge vision document, strategy paper
  • Indian exports to China rises sharply in first 4 months
  • SBI’s new service charges kick in from June 1

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  • Modi invites Russian cos to invest in defence
  • Fitch downgrades RCom, says biz model compromised
  • Merger may be preferred route for ONGC, HPCL
  • Banks may seek forensic audit of RCom books
  • Sebi allows online registration for MFs
  • Russia’s Alrosa seeks tax benefit for diamond sales in India
  • Top FPIs’ Indian holdings double in 3 years
  • Claris Lifesciences gains on successfully undergoing USFDA (PV) audit
  • HMSI sales up 23% in May at 5,37,035 units
  • Manufacturing PMI falls to three-month low of 51.6 in May
  • ICRA, CARE assign AAA to RInfra’s InvIT fund
  • Strides Shasun gets USFDA nod for pain reliever drug
  • TVS Motor sales rise 16% at 2,82,007 units in May
  • Maruti Suzuki domestic sales up 15% in May
  • HPCL seeks shareholders’ nod to issue bonus share
  • Bad debt cartier double bracelet
     resolution, private investment are NDA priorities: Arun Jaitley
  • BHEL’s dismal performance reflects cartier mens bracelet leather
    state of Indian economy
  • Changing colours of bank lending to the corporate sector
  • HDFC buys 15% stake in Tanzania’s First Housing Fin Co
  • Adani Power board to consider sale of Mundra power business to subsidiary
  • Asian factories lose momentum in May, Europe stays buoyant
  • GST council meeting on June 3 to discuss various limits on commodities

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  • Telangana IT exports grow 14% to Rs 85,470 crore in FY17
  • Strategic partnership to help attract FDI in defence: FM
  • Stocks of state owned banks dip 25% in 2 weeks on PCA fears
  • Several factors responsible for decline in GDP growth: Jaitley
  • RBI allows foreign investors to up stake in Tejas Networks
  • Bharti Infratel sounds out banks on Indus Tower buyout

Morning Business News Round Up_June 01,2017

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Morning Business News :

  • CPI inflation to rise above RBI’s target of 4%: UBS
  • GDP to accelerate by 0.75 pc in FY18, says CEA
  • Arcelor Mittal, SAIL agree to export auto-grade steel
  • RCom’s lenders eyeing SDR route for revival
  • Petrol price hiked by Rs 1.23 a litre, diesel by 89 paise
  • US immigration crackdown may hit economy: Fed
  • BEL revenue likely to hit Rs 10,000 crore mark: CMD
  • Per capita income rises 9.7% to Rs 1.03 lakh in FY17
  • April core sector growth slows to three-month low of 2.5%
  • Govt meets 3.5% fiscal deficit target in FY17
  • Higher defence spending revs Q4 show of BEML, BEL
  • No cyber attack on Aadhaar biometric data: UIDAI

Image result for Aadhaar

  • Claim settlement for ECGC down 21% at Rs 885 cr in FY17
  • NSE’s new multicast trading system gets EY thumbs up
  • SEBI proposes norms to regulate index providers
  • Monsoon to cover parts of Karnataka, TN, N-E in next 3 days
  • Aurobindo gets USFDA nod for atomoxetine generic capsules
  • Steel Strips Wheels bags Europe order worth €60,000
  • India, Russia to set the ball rolling for FTA talks with Eurasian union
  • Glenmark gets USFDA nod for ADHD drug
  • RBI calls for account number portability, banks wary
  • Demonetisation pulls down India GDP growth rate to 6.1% in Q4 2016-17
  • Hindalco’s debt reduction a tailwind for earnings
  • Pfizer to acquire Neksium brand of drugs from AstraZeneca for Rs75 crore
  • Banks invoke RBI’s SDR norms to take control of Ballarpur Industries
  • Note ban hit GDP growth; RBI must cut rates: India Inc
  • BlackRock buys ICICI Bank shares worth Rs 1,155 cr at Rs 326.33 per share
  • IKEA announces acquisition of its first land parcel in Bengaluru
  • Sharp rise in Indian diamonds, gems’ export to China
  • Japanese firm Rohto Pharma plans to expand base in India
  • Rupee logs 1st gain in 3 days, jumps 15 paise to 64.51
  • PM Modi woos Spanish firms to invest in India
  • Coal scam: Accused moves HC against framing of charges
  • Outgoing UBI chief backs merger with small banks
  • Raymond case: Patel seeks probe against firm’s directors, promoters
  • Orient Cement to acquire two units from Jaypee for Rs 1,946cr