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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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Board of Clariant Chemicals (India) recommends final dividend
May 25,2017

Clariant Chemicals (India) announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Board of Bharat Forge recommends final dividend
May 25,2017

Bharat Forge announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Board of Cheviot Company recommends final dividend
May 25,2017

Cheviot Company announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Bharat Bhushan Fin. & Commodity Bkr. recommends final dividend
May 25,2017

Bharat Bhushan Fin. & Commodity Bkr. announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Cheviot Company to hold AGM
May 25,2017

Cheviot Company announced that the Annual General Meeting (AGM) of the company will be held on 25 August 2017.

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Amit Spinning Industries to hold board meeting
May 25,2017

Amit Spinning Industries will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve Audited Financial Results of the Company for the quarter/year ended 31st March, 2017

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Dhola-Sadia: A Bridge of New Hope for the North East
May 25,2017

Road connectivity in the North-East will see a major transformation when Prime Minister Shri Narendra Modi inaugurates the countrys longest river bridge -the Dhola- Sadia Bridge in Assam tomorrow. This new, three lane, 9.15 kilometre bridge has been built over river Lohit, a tributary of the Brahmaputra, linking Dhola in Assam to Sadia in Arunachal Pradesh. The bridge will fill a huge connectivity gap that has existed in the region. Till now, the only means to cross the Brahmaputra at this location has been by ferry only in day-time and even this is not possible during floods. The last bridge over the Brahmaputra was the Kalia Bhomora Bridge at Tejpur. This will however change from tomorrow with the Dhola-Sadiya bridge ensuring 24X7 connectivity between upper Assam and Eastern part of Arunachal Pradesh.

The bridge will also reduce the distance from Rupai on NH- 37 in Assam to Meka/Roing on NH-52 in Arunachal Pradesh by 165 KM. The travel time between the two places will come down from the current six hours to just one hour - a total five hour reduction. This will result in saving of petrol and diesel worth Rs 10 Lakh per day.

The Dhola-Sadia bridge promises to usher in prosperity in the North-East. It will provide efficient road connectivity to remote and backward areas which have poor road infrastructure. This bridge will also give a major boost to overall economic development of the areas north of Brahmaputra in upper Assam and Arunachal Pradesh. It will also cater to the strategic requirements of the country in the border areas of Arunachal Pradesh, besides facilitating numerous hydro power projects coming up in the state , as it is the most sought after route for various power project developers.

The total length of the Dhola-Sadia Bridge project, including the approach roads on each side, is 28.50 km. The length of the bridge itself is 9.15 Km. It has been constructed on BOT Annuity basis at a total cost of Rs 2,056 crore, as part of the Arunachal Package of Roads and Highways under the Ministrys SPECIAL ACCELERATED ROAD DEVELOPMENT PROGRAMME for NORTH EAST (SARDP-NE). The objective was to bring the people of Assam and Arunachal Pradesh closer to each other.

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IOCL forges ahead on stellar Q4 results
May 25,2017

The result was announced during market hours today, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 357.33 points or 1.18% at 30,658.97.

On the BSE, 2.18 lakh shares were traded in the counter so far as against average daily volume of 3.37 lakh shares in the past one quarter. The stock had hit a high of Rs 436 and a low of Rs 423.55 so far during the day.

The stock had hit a record high of Rs 450.65 on 16 May 2017. The stock had hit a 52-week low of Rs 196.33 on 24 May 2016. The stock had underperformed the market over the past one month till 24 May 2017, rising 2.09% compared with 2.18% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 11.83% as against Sensexs 4.88% rise.

The large-cap company has equity capital of Rs 4855.90 crore. Face value per share is Rs 10.

Indian Oil Corporation said that average gross refining margin rose to $7.77 per barrel in Q4 March 2017 from $5.06 per barrel in Q4 March 2016.

The net under realisation suffered by the company in Q4 March 2017 was nil.

The board of directors of Indian Oil Corporation recommended a final dividend of Re 1 per share for the year ended 31 March 2017 (FY 2017).

IOCL is Indias flagship national oil company, with business interests that straddle the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas as well as marketing of natural gas and petrochemicals.

The Government of India held 57.34% stake in IOCL (as per the shareholding pattern as on 31 March 2017).

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PC Jeweller standalone net profit rises 39.69% in the March 2017 quarter
May 25,2017

Net profit of PC Jeweller rose 39.69% to Rs 110.05 crore in the quarter ended March 2017 as against Rs 78.78 crore during the previous quarter ended March 2016. Sales rose 15.18% to Rs 2155.43 crore in the quarter ended March 2017 as against Rs 1871.38 crore during the previous quarter ended March 2016.

For the full year,net profit rose 7.82% to Rs 430.53 crore in the year ended March 2017 as against Rs 399.31 crore during the previous year ended March 2016. Sales rose 11.99% to Rs 8099.44 crore in the year ended March 2017 as against Rs 7232.10 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2155.431871.38 15 8099.447232.10 12 OPM %8.208.85 -9.3110.41 - PBDT157.43110.93 42 588.41559.05 5 PBT151.54104.98 44 566.40536.44 6 NP110.0578.78 40 430.53399.31 8

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Amradeep Industries reports standalone net profit of Rs 1.34 crore in the March 2017 quarter
May 25,2017

Net profit of Amradeep Industries reported to Rs 1.34 crore in the quarter ended March 2017. There were no net profit/loss reported 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 loss reported to Rs 0.94 crore in the year ended March 2017 as against net loss of Rs 0.03 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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Cambridge Technology Enterprises standalone net profit declines 42.31% in the March 2017 quarter
May 25,2017

Net profit of Cambridge Technology Enterprises declined 42.31% to Rs 0.30 crore in the quarter ended March 2017 as against Rs 0.52 crore during the previous quarter ended March 2016. Sales rose 28.57% to Rs 9.72 crore in the quarter ended March 2017 as against Rs 7.56 crore during the previous quarter ended March 2016.

For the full year,net profit declined 24.15% to Rs 4.24 crore in the year ended March 2017 as against Rs 5.59 crore during the previous year ended March 2016. Sales rose 31.27% to Rs 38.66 crore in the year ended March 2017 as against Rs 29.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales9.727.56 29 38.6629.45 31 OPM %0.3113.49 -12.1316.37 - PBDT0.261.27 -80 5.466.23 -12 PBT0.580.41 41 4.503.13 44 NP0.300.52 -42 4.245.59 -24

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Sri KPR Industries standalone net profit declines 90.20% in the March 2017 quarter
May 25,2017

Net profit of Sri KPR Industries declined 90.20% to Rs 0.10 crore in the quarter ended March 2017 as against Rs 1.02 crore during the previous quarter ended March 2016. Sales rose 13.44% to Rs 2.87 crore in the quarter ended March 2017 as against Rs 2.53 crore during the previous quarter ended March 2016.

For the full year,net profit declined 61.90% to Rs 2.32 crore in the year ended March 2017 as against Rs 6.09 crore during the previous year ended March 2016. Sales declined 7.31% to Rs 8.75 crore in the year ended March 2017 as against Rs 9.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.872.53 13 8.759.44 -7 OPM %24.3941.11 -58.6347.99 - PBDT0.85-2.71 LP 5.434.92 10 PBT0.14-3.57 LP 2.792.50 12 NP0.101.02 -90 2.326.09 -62

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Bajaj Hindusthan Sugar standalone net profit rises 100.46% in the March 2017 quarter
May 25,2017

Net profit of Bajaj Hindusthan Sugar rose 100.46% to Rs 259.13 crore in the quarter ended March 2017 as against Rs 129.27 crore during the previous quarter ended March 2016. Sales declined 4.56% to Rs 1567.01 crore in the quarter ended March 2017 as against Rs 1641.82 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 7.40 crore in the year ended March 2017 as against net loss of Rs 119.79 crore during the previous year ended March 2016. Sales declined 6.38% to Rs 4384.59 crore in the year ended March 2017 as against Rs 4683.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1567.011641.82 -5 4384.594683.23 -6 OPM %30.3020.95 -19.5116.94 - PBDT308.85179.85 72 215.70100.77 114 PBT256.49125.85 104 1.58-123.21 LP NP259.13129.27 100 7.40-119.79 LP

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Board of Somany Ceramics approves modernisation and upgradation of production lines
May 25,2017

Somany Ceramics announced that the Board of Directors of the Company at its meeting held on Wednesday the 24 May 2017 have approved modernization and upgradation of certain production lines at (i) Kassar (Haryana) Plant which will result into increase in capacity of value added tiles by 2.50 million square meters per annum and (ii) Kadi (Gujarat) Plant to improve the value added mix with decrease in capacity by 1.77 million square meters per annum.

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Progress of new urban missions in Chattisgarh to be reviewed tomorrow in Raipur
May 25,2017

Progress of new urban missions launched during the last three years in Chattisgarh will be reviewed in a high level meeting in Raipur tomorrow.

Five Urban Missions viz., Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart City Mission, Swachh Bharat Mission, Pradhan Mantri Awas Yojana (Urban) and Deen Dayal Antyodaya Yojana-NULM in Chattisgarh will be reviewed in detail.

In a new initiative to ensure timely implementation of projects under new urban missions, Shri M.Venkaiah Naidu has undertaken such joint reviews with Chief Ministers in respective capital cities in 19 States that accounted for an investment of about Rs.3.00 lakh cr approved under different missions out of the total investment of over Rs.4.00 lakh cr so far approved. Chattisgarh will be the twentieth to be reviewed tomorrow.

The States that were so far reviewed during the last three months are ; Assam, Arunachal Pradesh, Gujarat, Goa, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Rajasthan, Sikkim, Tamil Nadu, Tripura and Uttar Pradesh.

Progress of metro projects and heritage infrastructure development projects is also reviewed wherever they are being implemented.

These reviews are aimed at ensuring timely execution and completion of projects within the mission period i.e by 2019-20 except in case of PMAY(Urban) under which all the eligible beneficiaries are to be enabled to own a house by 2022. Each review meeting lasts over four hours.

Ahead of Chattisgarh review tomorrow, Shri Venkaiah Naidu today said that he was delighted over the useful reviews in 19 States as they proved to be beneficial for both the central and state governments in the implementation.

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