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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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Hikal standalone net profit rises 6.37% in the December 2016 quarter
Feb 01,2017

Net profit of Hikal rose 6.37% to Rs 13.20 crore in the quarter ended December 2016 as against Rs 12.41 crore during the previous quarter ended December 2015. Sales rose 4.34% to Rs 250.84 crore in the quarter ended December 2016 as against Rs 240.40 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales250.84240.40 4 OPM %19.4919.11 - PBDT34.9232.72 7 PBT17.8515.70 14 NP13.2012.41 6

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CNI Research standalone net profit declines 78.79% in the December 2016 quarter
Feb 01,2017

Net profit of CNI Research declined 78.79% to Rs 0.07 crore in the quarter ended December 2016 as against Rs 0.33 crore during the previous quarter ended December 2015. Sales declined 97.74% to Rs 0.40 crore in the quarter ended December 2016 as against Rs 17.67 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.4017.67 -98 OPM %10.001.70 - PBDT0.070.33 -79 PBT0.070.33 -79 NP0.070.33 -79

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Grindwell Norton standalone net profit rises 12.62% in the December 2016 quarter
Feb 01,2017

Net profit of Grindwell Norton rose 12.62% to Rs 26.59 crore in the quarter ended December 2016 as against Rs 23.61 crore during the previous quarter ended December 2015. Sales rose 14.63% to Rs 304.57 crore in the quarter ended December 2016 as against Rs 265.69 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales304.57265.69 15 OPM %13.6014.46 - PBDT50.6544.21 15 PBT40.9735.31 16 NP26.5923.61 13

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Mishtann Foods consolidated net profit declines 42.86% in the December 2016 quarter
Feb 01,2017

Net profit of Mishtann Foods declined 42.86% to Rs 0.04 crore in the quarter ended December 2016 as against Rs 0.07 crore during the previous quarter ended December 2015. Sales rose 37.73% to Rs 56.84 crore in the quarter ended December 2016 as against Rs 41.27 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales56.8441.27 38 OPM %2.340.27 - PBDT0.570.11 418 PBT0.100.10 0 NP0.040.07 -43

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Majesco consolidated net profit declines 36.07% in the December 2016 quarter
Feb 01,2017

Net profit of Majesco declined 36.07% to Rs 5.07 crore in the quarter ended December 2016 as against Rs 7.93 crore during the previous quarter ended December 2015. Sales rose 4.84% to Rs 202.26 crore in the quarter ended December 2016 as against Rs 192.92 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales202.26192.92 5 OPM %5.79-1.39 - PBDT13.54-2.54 LP PBT6.64-6.72 LP NP5.077.93 -36

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Grindwell Norton consolidated net profit rises 11.12% in the December 2016 quarter
Feb 01,2017

Net profit of Grindwell Norton rose 11.12% to Rs 26.97 crore in the quarter ended December 2016 as against Rs 24.27 crore during the previous quarter ended December 2015. Sales rose 15.41% to Rs 311.77 crore in the quarter ended December 2016 as against Rs 270.15 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales311.77270.15 15 OPM %14.1015.61 - PBDT52.8047.10 12 PBT42.5336.55 16 NP26.9724.27 11

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Apollo Tyres consolidated net profit rises 5.98% in the December 2016 quarter
Feb 01,2017

Net profit of Apollo Tyres rose 5.98% to Rs 295.70 crore in the quarter ended December 2016 as against Rs 279.02 crore during the previous quarter ended December 2015. Sales rose 16.91% to Rs 3435.17 crore in the quarter ended December 2016 as against Rs 2938.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3435.172938.37 17 OPM %14.5417.32 - PBDT508.34498.21 2 PBT394.87391.71 1 NP295.70279.02 6

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Mahamaya Steel Industries reports standalone net profit of Rs 0.80 crore in the December 2016 quarter
Feb 01,2017

Net profit of Mahamaya Steel Industries reported to Rs 0.80 crore in the quarter ended December 2016 as against net loss of Rs 6.37 crore during the previous quarter ended December 2015. Sales declined 29.71% to Rs 56.12 crore in the quarter ended December 2016 as against Rs 79.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales56.1279.84 -30 OPM %7.68-3.38 - PBDT2.61-4.71 LP PBT0.94-6.44 LP NP0.80-6.37 LP

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Eicher Motors standalone net profit rises 64.50% in the December 2016 quarter
Feb 01,2017

Net profit of Eicher Motors rose 64.50% to Rs 415.19 crore in the quarter ended December 2016 as against Rs 252.40 crore during the previous quarter ended December 2015. Sales rose 42.72% to Rs 1827.12 crore in the quarter ended December 2016 as against Rs 1280.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1827.121280.23 43 OPM %31.9028.36 - PBDT641.10397.17 61 PBT605.62365.09 66 NP415.19252.40 64

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Apollo Tyres standalone net profit rises 0.07% in the December 2016 quarter
Feb 01,2017

Net profit of Apollo Tyres rose 0.07% to Rs 185.46 crore in the quarter ended December 2016 as against Rs 185.33 crore during the previous quarter ended December 2015. Sales rose 1.86% to Rs 2178.26 crore in the quarter ended December 2016 as against Rs 2138.51 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2178.262138.51 2 OPM %14.8017.19 - PBDT322.66354.05 -9 PBT255.11285.03 -10 NP185.46185.33 0

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Eicher Motors consolidated net profit rises 50.04% in the December 2016 quarter
Feb 01,2017

Net profit of Eicher Motors rose 50.04% to Rs 418.19 crore in the quarter ended December 2016 as against Rs 278.72 crore during the previous quarter ended December 2015. Sales rose 42.81% to Rs 1828.29 crore in the quarter ended December 2016 as against Rs 1280.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1828.291280.23 43 OPM %31.5627.94 - PBDT635.06391.88 62 PBT599.47359.80 67 NP418.19278.72 50

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Rupees Closes Higher
Feb 01,2017

Rupee extended its gain on Wednesday (1 February 2017) to close at 67.4750/4800 per dollar, versus its previous close of 67.8070/8270 per dollar.

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Team Lease Services completes acquisition of Keystone Business Solutions
Feb 01,2017

Team Lease Services announced that as on 31 January 2017 all the conditions precedent to closing have been fulfilled and the Control of Keystone Business Solutions has been transferred to the Companys wholly owned subsidiary i.e. TeamLease Staffing Services with effect from 01 February 2017. Pursuant to this, Keystone becomes the Companys stepdown wholly owned subsidiary.

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MOIL appoints director
Feb 01,2017

MOIL announced that Government of India vide letter dated 31 January 2017 have appointed Sunanda Prasad as Non-Official Independent Director on the Board Moil for a period of three years from the date of notification of her appointment, or till further orders whichever is earlier.

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NHPC shuts down Chamera-lll (3 X 77) 231 MW Power Station in Himachal Pradesh
Feb 01,2017

NHPC announced that Chamera-lll (3 X 77) 231 MW Power Station in Himachal Pradesh shall be under complete shutdown w.e.f. 01 February 2017 to 31 March 2017 for rectification of leakage from water conducting system.

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