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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Raghunath International standalone net profit declines 66.67% in the March 2017 quarter
Jun 02,2017

Net profit of Raghunath International declined 66.67% to Rs 0.06 crore in the quarter ended March 2017 as against Rs 0.18 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit declined 53.85% to Rs 0.06 crore in the year ended March 2017 as against Rs 0.13 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Uniroyal Industries reports standalone net loss of Rs 0.66 crore in the March 2017 quarter
Jun 02,2017

Net Loss of Uniroyal Industries reported to Rs 0.66 crore in the quarter ended March 2017 as against net loss of Rs 0.11 crore during the previous quarter ended March 2016. Sales rose 15.18% to Rs 6.07 crore in the quarter ended March 2017 as against Rs 5.27 crore during the previous quarter ended March 2016.

For the full year,net profit declined 21.33% to Rs 0.59 crore in the year ended March 2017 as against Rs 0.75 crore during the previous year ended March 2016. Sales rose 15.03% to Rs 25.03 crore in the year ended March 2017 as against Rs 21.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales6.075.27 15 25.0321.76 15 OPM %5.9315.75 -14.9819.81 - PBDT0.360.74 -51 3.103.04 2 PBT-0.130.25 PL 1.121.11 1 NP-0.66-0.11 -500 0.590.75 -21

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Parenteral Drugs (India) reports standalone net loss of Rs 44.17 crore in the March 2017 quarter
Jun 02,2017

Net Loss of Parenteral Drugs (India) reported to Rs 44.17 crore in the quarter ended March 2017 as against net loss of Rs 39.27 crore during the previous quarter ended March 2016. Sales declined 43.81% to Rs 10.31 crore in the quarter ended March 2017 as against Rs 18.35 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 113.31 crore in the year ended March 2017 as against net loss of Rs 108.49 crore during the previous year ended March 2016. Sales declined 64.92% to Rs 52.19 crore in the year ended March 2017 as against Rs 148.78 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales10.3118.35 -44 52.19148.78 -65 OPM %-191.56-181.53 --61.49-30.58 - PBDT-38.47-50.68 24 -106.03-103.50 -2 PBT-42.71-51.97 18 -125.13-120.56 -4 NP-44.17-39.27 -12 -113.31-108.49 -4

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Asian Petroproducts & Exports reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
Jun 02,2017

Net profit of Asian Petroproducts & Exports reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.24 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 as against Rs 0.09 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.45 crore in the year ended March 2017 as against net loss of Rs 0.37 crore during the previous year ended March 2016. Sales declined 8.02% to Rs 1.72 crore in the year ended March 2017 as against Rs 1.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales00.09 -100 1.721.87 -8 OPM %0-233.33 --26.16-18.72 - PBDT0.01-0.21 LP -0.45-0.35 -29 PBT0.01-0.24 LP -0.45-0.38 -18 NP0.01-0.24 LP -0.45-0.37 -22

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Aditya Ispat standalone net profit rises 40.00% in the March 2017 quarter
Jun 02,2017

Net profit of Aditya Ispat rose 40.00% to Rs 0.28 crore in the quarter ended March 2017 as against Rs 0.20 crore during the previous quarter ended March 2016. Sales rose 7.14% to Rs 13.51 crore in the quarter ended March 2017 as against Rs 12.61 crore during the previous quarter ended March 2016.

For the full year,net profit rose 31.25% to Rs 0.42 crore in the year ended March 2017 as against Rs 0.32 crore during the previous year ended March 2016. Sales rose 23.22% to Rs 36.61 crore in the year ended March 2017 as against Rs 29.71 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales13.5112.61 7 36.6129.71 23 OPM %5.924.76 -5.825.79 - PBDT0.510.40 28 1.010.85 19 PBT0.410.30 37 0.610.47 30 NP0.280.20 40 0.420.32 31

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Waterbase reports standalone net profit of Rs 0.82 crore in the March 2017 quarter
Jun 02,2017

Net profit of Waterbase reported to Rs 0.82 crore in the quarter ended March 2017 as against net loss of Rs 1.73 crore during the previous quarter ended March 2016. Sales rose 12.05% to Rs 62.50 crore in the quarter ended March 2017 as against Rs 55.78 crore during the previous quarter ended March 2016.

For the full year,net profit rose 803.60% to Rs 12.56 crore in the year ended March 2017 as against Rs 1.39 crore during the previous year ended March 2016. Sales rose 10.71% to Rs 331.89 crore in the year ended March 2017 as against Rs 299.78 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales62.5055.78 12 331.89299.78 11 OPM %3.46-2.65 -7.091.99 - PBDT1.66-2.04 LP 21.266.53 226 PBT1.10-2.45 LP 19.154.80 299 NP0.82-1.73 LP 12.561.39 804

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Brahmaputra Infrastructure receives letter of reward
Jun 02,2017

Brahmaputra Infrastructure has received a letter of reward for execution of the Construction of foundation and sub structure over pile foundation for Tall Bridge no. 115 (6*103.50M/1*47.24m steel girder) at Ch: 34765M including all other ancillary works and protection work in between stations Bairabi and Sairang in connection with the Construction of new BG Railway line from Bairabi to sairang (Mizoram) for the Contract price of Rs. 98.41 Crores (Approx) from the Office of Chief Engineer / Construction -2 North East Frontier Railway, Maligaon, Guwahati .

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Sang Froid Labs (India) changes registered and Corporate Office
Jun 02,2017

Sang Froid Labs (India) with effect from 30 May 2017 has shifted its Registered Office within local limits of City, from 2/B-3, Skipper House, 62-63, Nehru Place, New Delhi -110019 to B-3/082, Sunny Vally, Co-op-Housing Society, Plot No: 27, Sector-12, Dawarka, New Delhi- 110078 and also Shifted Corporate Office of the Company, from A-212, Titenium City Center, Near IOC Petrol Pump, 100 FT Road, Satellite, Ahmedabad-380015 to 1st Floor, SAPAN HOUSE, of 10-B, The Government Servants Co-Op Housing Society Ltd., Near Municipal Market, C G Road, Navrangpura, Ahmedabad - 380 009.

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GMR Infra gallops after significant debt reduction
Jun 02,2017

Meanwhile, the S&P BSE Sensex was up 100.60 points, or 0.32% to 31,238.19. The S&P BSE Mid-Cap index was up 105.29 points, or 0.72% to 14,801.48.

The stock surged on high volume. On the BSE, 2.74 crore shares were traded in the counter so far, compared with average daily volumes of 21.12 lakh shares in the past one quarter. The stock hit a high of Rs 19 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 14.90 so far during the day. The stock hit a 52-week low of Rs 10.25 on 9 November 2016.

The stock dropped 11.28% over the past one month till 1 June 2017, underperforming the Sensexs 4.08% rise. The scrip also underperformed the market in past one quarter, sliding 8.56% as against Sensexs 7.43% rise. The scrip, however, outperformed the market in past one year, surging 33.72% as against Sensexs 16.56% rise.

The mid-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.

GMR Infrastructure reported net loss of Rs 2478.78 crore in Q4 March 2017, higher than net loss of Rs 1787.09 crore in Q4 March 2016. Total revenue dropped 31.06% to Rs 272.47 crore in Q4 March 2017 over Q4 March 2016.

On a consolidated basis, GMR Infrastructure reported net loss of Rs 574.59 crore in the year ended 31 March 2017 (FY 2017), lower than net loss of Rs 2712.50 crore in FY 2016. Total revenue rose 3.54% to Rs 11631.86 crore in FY 2017 over FY 2016.

Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 12% to Rs 3497 crore in FY 2017 over FY 2016 following a robust improvement in performance of airports and energy verticals. EBITDA margin improved to 42% in FY 2017 from 38% in FY 2016.

GMR Infrastructure said that gross debt reduced significantly to Rs 19856 crore in FY 2017 from Rs 37480 crore in FY 2016. Net debt to EBITDA ratio for FY 2017 improved to 4.3 from 10.2 in FY 2016.

GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.

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Transpek Industry changes management
Jun 02,2017

Transpek Industry announced that Pratik P Shah has assumed charge as Vice President (Finance) designated as Chief Financial Officer of the Company on 01st June 2017.

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Sang Froid Labs (India) appoints director
Jun 02,2017

Sang Froid Labs (India) has appointed Jitendra H Gohel as a Director of the Company with effect from 30 May 2017.

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Karnataka Bank reduces interest rates on Housing Loans
Jun 02,2017

Karnataka Bank with effect from 01 June 2017 has reduced its interest rates on housing loans up to 40 bps. The interest rates on housing loans up to Rs 75 lacs will be 8.60% p.a. and the interest rate on housing loans above Rs 75 lacs and up to Rs 5 crores will be 8.90% p.a.

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Shilpi Cable Technologies appoints President
Jun 02,2017

Shilpi Cable Technologies has appointed Iqbal Singh as President with immediate effect.

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Soil Health Card helps in increasing the productivity and reduced the cost of production 93% samples for Soil Health Card tested so far
Jun 02,2017

Soil Health Card, a revolutionary scheme, was initiated for farmers and it has made a huge difference to farming and farm produce. It has helped in increasing the productivity and reduced the cost of production. Honble Prime Minister Shri Narendra Modi had inaugurated the scheme on February 19, 2015, in Suratgarh, Rajasthan. Soil Health Card provides information to farmers on nutrient status of their soil along with recommendations on appropriate dosage of nutrients for improving soil health and its fertility. This also gives farmers information about the nature of the soil. And post recommendations, the farmers use fertilisers and other chemicals accordingly.

This reduces cost and increases production. In the first two-year (2015-17) of the Soil Health Card scheme, 2.53 million samples were collected and so far 93 percent samples have been tested. About 14 crore Soil Health Cards are being created by the State Governments and till May 31 it has been distributed among 8 crore farmers. In the next three months, the rest of the farmers will receive their Soil Health Cards. So far, the country has yielded positive results from Soil Health Card.

The response from farmers of 136 districts of 16 states is as follows:

1. Consumption of nitrogen fertilisers has decreased and the consumption of phosphorus potash and micronutrients has increased.

2. There has been 16 to 25 percent reduction in the cost of paddy farming and 10 to 15 percent reduction in pulses and oilseeds farming.

3. There has been 10 to 25 percent increase in the production of paddy, 10 to 15 percent in the production of coarse cereals, 10 to 30 percent in pulses, and 35 to 66 percent in the production of oilseeds.

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Kandagiri Spinning Mills changes directorate
Jun 02,2017

Kandagiri Spinning Mills announced that pursuant to R Selvarajan, Chairman & Managing Director of the Company resigning from the position of the Company and continuing as Managing Director for his remaining tenure, S Devarajan, the Non-Executive Director has been designated as the Chairman of the Company with effect from 1st June 2017.

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