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BSE Gets SEBI Approval To Launch Commodity Derivatives Segment 

BSE receives another feather in its hat by getting SEBI’s approval to launch Commodity Derivatives Segment from October 1, 2018. BSE will begin trading in commodity derivatives with non-agriculture commodities like metals initially, followed by agri commodities subsequently. There are certain benefits of using BSE-Commodity Derivative Platform like, efficient price discovery, reduction in timelines, cost effectiveness, user-friendly, robust risk management system as well as a Wider Market Penetration. The Securities and Exchange Board of India (SEBI) on December 28, 2017 announced that from October 2018, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives. BSE provides investor with an end to end, integrated transaction processing, with services ranging across the spectrum- from pre trade order management to trading, real time risk management to post trade clearing, and settlement through a central counter party mechanism along with a nationwide depository for facilitating the securities, transaction in a dematerialized form. BSE along with clearing corporation ICCL and depository CDSL, are the financial market infrastructure institutions in capital market. 

TVS Motor Announces Alliance With Torino Motors, Mexico 

TVS Motor Company, a manufacturer of two-wheelers and three-wheelers, announced its association with leading distributor in the Mexican region, Torino Motors, a subsidiary of Groupo Autofin. In the first year of the association, Torino Motors will work with TVS Motor Company to open 40 exclusive stores in the country for the distribution of two-wheelers. With over 40 years of experience in the region, Torino Motors specialises in automobile and retail finance. As a part of this association, Torino Motors will distribute the vast range of TVS Motor Company's two-wheeler offerings including TVS XL100 HD, TVS HLX 150, TVS STRYKER, TVS Apache RTR 160, 180 and 200, TVS Apache RR 310, TVS WEGO, TVS NTORQ 125, TVS ROCKZ, TVS Neo. 

TVS expects to use the market knowledge which Torino will bring on board. Also, Torino's insights will allow TVS to personalise its offerings to suit the customers of Mexico and its vast network of distribution will ensure maximum reach in the country. TVS Motor Company is one of the leading two-wheeler and three-wheeler exporters, exporting to over 60 countries. 

Gravita Announces Expansion Of Capacity Of Chittor Plant 

Gravita India Limited, a leading recycling company, has said that the company has expanded the capacity of its existing plant located at Chittoor, Andhra Pradesh, by installing new washing line and PPCP granules extrusion lines having annual capacity of 4,800 MTPA. 

The production from the plant will cater to the needs of PP/HDP E moulding & fibre Industries globally. At present, the company is utilizing full capacity of its existing plastic plant and after this expansion, the capacity of Chittoor plant in plastic segment will be 6,000 MTPA . 

The company has invested Rs 171.00 lakh, partly by way of leasing and partly from its internal accruals for the expansion. 

The company is a leader in integrated operations of non-ferrous metals and plastics, having recycling, manufacturing and turnkey business in more than 7 countries in the continents of Asia, Africa and America. Its products cater to auto, telecom, power, nuclear and medical industry. It derives 62 per cent revenue from international market and 38 per cent from domestic market. Its product mix comprises of refined lead (33.4 per cent), lead alloy (25.08 per cent), others (18.2 per cent), remelted lead (15.7 per cent), aluminium (6.4 per cent) and lead value-added products (0.60 per cent). 

Godrej Properties Expands Portfolio In Noida 

Leading realtor, Godrej Properties Limited (GPL) has added a residential project in Sector 43 Noida. The project is near Noida Golf Course. The centrally-located high-end residential project has access to good physical and social infrastructure, said the company's filing to the bourses. The company plans to develop the 2.2 million sq. ft. saleable area into a premium housing complex in partnership with the Shipra Group, a well-known real estate developer in north India. With this addition, GPL has four projects in Noida and 13 project within the NCR region. 

For Q1FY19, the company registered a 65 per cent decline in consolidated net profit at Rs 34.3 crore as against Rs 99.17 crore in the same period a year ago. However, the company's total income grew close to 19 per cent to Rs 1,066.73 crore in Q1 as against Rs 896.71 crore in the corresponding period a year ago. 

Ramco Systems Wins Order From US-Based Company 

Ramco Systems' aviation suite was selected by Advanced Global Resources, LLC (AGR) to manage the IT and supply chain contract of their client the US Army. Ramco Aviation Suite 5.8 software offers modules for advanced real time invoicing, procurement, vendor and inventory management. The suite replaces the manual and paper-based system thus providing better stock visibility and aids timely fulfilment. AGR will deploy Ramco's Aviation Suite to manage the company's IT and Supply Chain Support Services Contract with the Red River Army Depot of the US Army. 

The company believe that this order will help them secure similar orders in the North American defence sector. Ramco Aviation Software used to manage more than 4,000 aircraft, globally. The software suite is accessible on cloud. It helps clients reduce transaction time in aircraft-on-ground (AOG) situations and as well as during critical turnaround events.

Uflex forays into e-commerce space 

Uflex, the flexible packaging materials and solution company promoted by Flex International, announced the launch of its E-commerce website under the name FLEX BuzzR. With this, the company has forayed into the online space through its film manufacturing arm Flex Films. 

Flex Films has manufacturing facilities across Asia, Europe, North America and Africa with the cumulative production capacity of 3.37 lakh p.a. This B2B platform would provide a complete range of film offerings to the company's EU customers from its Poland plant. 

The website is meant to supplement Flex Films already running brick-and-mortar business model. The website offers both portfolio and other technical details of the films. The production site offers both Quick pick order to choose from the available rolls or made to order to place for customized requirements. 

Capacit'e Infra Bags Rs 675 Crore Order 

The company received an order worth Rs 560.90 crore from Piramal Realty Group and a repeat order of Rs 113.85 crore from Radius Group. 

The work order from Piramal Realty includes Core re & Shell works of Piramal Mahalaxmi project, located in Mumbai for Glider Buildcon Realtors. The scope of the order includes construction of three towers, with 2 Basement and 9 podium and 63 floors. This the company's first order from Piramal Realty Group. 

The second order is for the construction of a mall located in Mazgaon Mumbai. The project Harbour Heights is being developed by Radius Sumer Developers a Radius Group company. 

Capacit'e Infraprojects is engaged in the construction of institutional, commercial and residential buildings in Mumbai, NCR, Bengaluru and other major Indian cities. The company posted a private sector orderbook of Rs 6,243 crore and a government sector orderbook of Rs 4,357 crore at the end of Q1FY19. For Q1FY19, Capacit'e Infraprojects registered revenue from operations of Rs 397.5 crore as against Rs 266.0 crore in Q1FY18, which is a YoY increase of 49.4 per cent.