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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Zensar Technologies standalone net profit declines 63.71% in the March 2017 quarter
Apr 26,2017

Net profit of Zensar Technologies declined 63.71% to Rs 19.89 crore in the quarter ended March 2017 as against Rs 54.81 crore during the previous quarter ended March 2016. Sales declined 3.49% to Rs 297.67 crore in the quarter ended March 2017 as against Rs 308.44 crore during the previous quarter ended March 2016.

For the full year,net profit declined 24.35% to Rs 180.22 crore in the year ended March 2017 as against Rs 238.22 crore during the previous year ended March 2016. Sales rose 3.19% to Rs 1272.40 crore in the year ended March 2017 as against Rs 1233.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales297.67308.44 -3 1272.401233.12 3 OPM %17.1825.56 -21.7925.02 - PBDT36.4984.43 -57 286.89358.98 -20 PBT27.7674.86 -63 252.98324.26 -22 NP19.8954.81 -64 180.22238.22 -24

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ICICI Prudential Life Insurance Company consolidated net profit declines 43.88% in the March 2017 quarter
Apr 26,2017

Net profit of ICICI Prudential Life Insurance Company declined 43.88% to Rs 238.40 crore in the quarter ended March 2017 as against Rs 424.77 crore during the previous quarter ended March 2016. Sales rose 18.65% to Rs 7526.42 crore in the quarter ended March 2017 as against Rs 6343.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 19.99% to Rs 1073.82 crore in the year ended March 2017 as against Rs 1342.07 crore during the previous year ended March 2016. Sales rose 16.61% to Rs 22155.25 crore in the year ended March 2017 as against Rs 18998.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7526.426343.26 19 22155.2518998.70 17 OPM %3.237.69 -4.937.32 - PBDT257.84494.23 -48 1152.641412.42 -18 PBT257.84494.23 -48 1152.641412.42 -18 NP238.40424.77 -44 1073.821342.07 -20

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IDFC Bank standalone net profit rises 6.60% in the March 2017 quarter
Apr 26,2017

Net profit of IDFC Bank rose 6.60% to Rs 175.95 crore in the quarter ended March 2017 as against Rs 165.06 crore during the previous quarter ended March 2016. Total Operating Income rose 22.46% to Rs 2223.38 crore in the quarter ended March 2017 as against Rs 1815.54 crore during the previous quarter ended March 2016.

For the full year,net profit rose 118.43% to Rs 1019.74 crore in the year ended March 2017 as against Rs 466.85 crore during the previous year ended March 2016. Total Operating Income rose 133.85% to Rs 8532.71 crore in the year ended March 2017 as against Rs 3648.83 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income2223.381815.54 22 8532.713648.83 134 OPM %88.0284.58 -83.3086.46 - PBDT292.10274.48 6 1605.30756.51 112 PBT255.45247.94 3 1470.96715.76 106 NP175.95165.06 7 1019.74466.85 118

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Mega Nirman & Industries reports standalone net profit of Rs 0.04 crore in the March 2017 quarter
Apr 26,2017

Net profit of Mega Nirman & Industries reported to Rs 0.04 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. Sales rose 133.33% to Rs 0.07 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016.

For the full year,net profit rose 100.00% to Rs 0.02 crore in the year ended March 2017 as against Rs 0.01 crore during the previous year ended March 2016. Sales rose 100.00% to Rs 0.24 crore in the year ended March 2017 as against Rs 0.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.070.03 133 0.240.12 100 OPM %57.1433.33 -20.8341.67 - PBDT0.040.01 300 0.050.04 25 PBT0.040 0 0.040.02 100 NP0.040 0 0.020.01 100

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Zee Learn standalone net profit rises 88.79% in the March 2017 quarter
Apr 26,2017

Net profit of Zee Learn rose 88.79% to Rs 14.65 crore in the quarter ended March 2017 as against Rs 7.76 crore during the previous quarter ended March 2016. Sales rose 19.71% to Rs 60.13 crore in the quarter ended March 2017 as against Rs 50.23 crore during the previous quarter ended March 2016.

For the full year,net profit rose 141.14% to Rs 36.34 crore in the year ended March 2017 as against Rs 15.07 crore during the previous year ended March 2016. Sales rose 15.78% to Rs 161.23 crore in the year ended March 2017 as against Rs 139.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales60.1350.23 20 161.23139.25 16 OPM %20.7722.72 -28.6122.81 - PBDT11.469.11 26 39.2320.75 89 PBT11.057.76 42 35.2815.07 134 NP14.657.76 89 36.3415.07 141

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ICICI Prudential Life Insurance Company standalone net profit declines 43.88% in the March 2017 quarter
Apr 26,2017

Net profit of ICICI Prudential Life Insurance Company declined 43.88% to Rs 238.40 crore in the quarter ended March 2017 as against Rs 424.77 crore during the previous quarter ended March 2016. Sales rose 18.65% to Rs 7526.42 crore in the quarter ended March 2017 as against Rs 6343.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 19.99% to Rs 1073.82 crore in the year ended March 2017 as against Rs 1342.07 crore during the previous year ended March 2016. Sales rose 16.61% to Rs 22155.25 crore in the year ended March 2017 as against Rs 18998.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7526.426343.26 19 22155.2518998.70 17 OPM %3.237.69 -4.937.32 - PBDT257.84494.23 -48 1152.641412.42 -18 PBT257.84494.23 -48 1152.641412.42 -18 NP238.40424.77 -44 1073.821342.07 -20

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Swaraj Engines standalone net profit rises 29.82% in the March 2017 quarter
Apr 26,2017

Net profit of Swaraj Engines rose 29.82% to Rs 15.28 crore in the quarter ended March 2017 as against Rs 11.77 crore during the previous quarter ended March 2016. Sales rose 41.04% to Rs 160.77 crore in the quarter ended March 2017 as against Rs 113.99 crore during the previous quarter ended March 2016.

For the full year,net profit rose 34.15% to Rs 68.83 crore in the year ended March 2017 as against Rs 51.31 crore during the previous year ended March 2016. Sales rose 26.66% to Rs 666.14 crore in the year ended March 2017 as against Rs 525.91 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales160.77113.99 41 666.14525.91 27 OPM %15.0114.05 -15.7114.03 - PBDT27.6720.04 38 121.7490.01 35 PBT23.4716.54 42 105.4676.21 38 NP15.2811.77 30 68.8351.31 34

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Kewal Kiran Clothing standalone net profit rises 55.62% in the March 2017 quarter
Apr 26,2017

Net profit of Kewal Kiran Clothing rose 55.62% to Rs 33.91 crore in the quarter ended March 2017 as against Rs 21.79 crore during the previous quarter ended March 2016. Sales rose 3.32% to Rs 129.55 crore in the quarter ended March 2017 as against Rs 125.39 crore during the previous quarter ended March 2016.

For the full year,net profit rose 25.50% to Rs 85.28 crore in the year ended March 2017 as against Rs 67.95 crore during the previous year ended March 2016. Sales rose 7.80% to Rs 488.38 crore in the year ended March 2017 as against Rs 453.05 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales129.55125.39 3 488.38453.05 8 OPM %24.7227.15 -20.4022.96 - PBDT46.4734.80 34 122.97107.70 14 PBT45.1333.64 34 118.18103.54 14 NP33.9121.79 56 85.2867.95 26

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ABans Enterprises reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
Apr 26,2017

Net profit of ABans Enterprises reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.04 crore during the previous quarter ended March 2016. Sales rose 566.35% to Rs 35.45 crore in the quarter ended March 2017 as against Rs 5.32 crore during the previous quarter ended March 2016.

For the full year,net profit declined 8.33% to Rs 0.11 crore in the year ended March 2017 as against Rs 0.12 crore during the previous year ended March 2016. Sales rose 220.89% to Rs 62.51 crore in the year ended March 2017 as against Rs 19.48 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales35.455.32 566 62.5119.48 221 OPM %00 -0.160.41 - PBDT00.01 -100 0.140.25 -44 PBT00.01 -100 0.140.25 -44 NP0.01-0.04 LP 0.110.12 -8

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SIP Industries reports standalone net loss of Rs 0.05 crore in the March 2017 quarter
Apr 26,2017

Net Loss of SIP Industries reported to Rs 0.05 crore in the quarter ended March 2017 as against net loss of Rs 0.04 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 loss reported to Rs 0.16 crore in the year ended March 2017 as against net profit of Rs 0.26 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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Acrow India reports standalone net loss of Rs 0.22 crore in the March 2017 quarter
Apr 26,2017

Net loss of Acrow India reported to Rs 0.22 crore in the quarter ended March 2017 as against net profit of Rs 0.77 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 loss reported to Rs 0.31 crore in the year ended March 2017 as against net profit of Rs 12.19 crore during the previous year ended March 2016. Sales reported to Rs 0.02 crore in the year ended March 2017. There were no Sales reported during the previous year ended March 2016.

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Mahindra & Mahindra Financial Services consolidated net profit declines 32.36% in the March 2017 quarter
Apr 26,2017

Net profit of Mahindra & Mahindra Financial Services declined 32.36% to Rs 278.22 crore in the quarter ended March 2017 as against Rs 411.33 crore during the previous quarter ended March 2016. Sales rose 12.53% to Rs 2123.08 crore in the quarter ended March 2017 as against Rs 1886.62 crore during the previous quarter ended March 2016.

For the full year,net profit declined 33.75% to Rs 511.64 crore in the year ended March 2017 as against Rs 772.29 crore during the previous year ended March 2016. Sales rose 9.04% to Rs 7146.20 crore in the year ended March 2017 as against Rs 6553.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2123.081886.62 13 7146.206553.87 9 OPM %59.2072.84 -56.3062.48 - PBDT464.00656.53 -29 891.481269.82 -30 PBT448.16644.47 -30 837.751224.12 -32 NP278.22411.33 -32 511.64772.29 -34

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Punj Llyod allots 10,20,000 equity shares
Apr 26,2017

Punj Llyod announced that the Committee of Directors in its meeting held on 26 April 2017 have allotted 10,20,000 Equity Shares on exercise of vested Employee Stock Options by certain employees.

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Bharat Petroleum Corporation appoints director
Apr 26,2017

Bharat Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 26 April 2017 approved the appointment of K. Sivakumar as Additional Director & Director (Finance), for a period of five years with effect from the date of his assumption of charge of the post on or after 1 May 2017, or till the date of his superannuation or until further orders, whichever is earliest. On his appointment as Director (Finance), he will be acting as Chief Financial Officer of the Company

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Centre giving priority to agriculture sector by allocating maximum funds for the farmers welfare: Agriculture Minister
Apr 26,2017

The Union Minister for Agriculture and Farmers Welfare Shri Radha Mohan Singh said that the central government is giving priority to agriculture sector by allocating maximum funds for the farmers welfare. Shri Singh said that the government aims at increasing the agriculture production, determining productivity and boosting dairy/livestock/fisheries while promoting agriculture education, research and extension organisation.

Shri Singh said that to achieve Prime Minister Narendra Modis target of doubling farmers income by 2022, Agriculture Ministry has written letters to the state governments urging them to strategise and work on it. Agriculture Minister said that while strategising, the state governments will have to closely monitor agricultural production and agricultural products processing activities.

Shri Singh said that the government has launched various schemes for the farmers. Pradhan Mantri Krishi Sinchayee Yojana, Pradhan Mantri Fasal Bima Yojana, Soil Health Management, Paramparagat Krishi Vikas Yojana, E-Nam, Agroforestry (Medh Par Ped) and Neem coated Urea to name a few. To increase milk production, National Dairy Mission was initiated. Blue Revolution is emphasising on inland fisheries and deep sea fishing. The schemes aim to increase the agricultural productivity and improve farmers income.

Union Minister said that for the success of schemes, we will have to work together with dedication and sincerity. Shri Singh further informed that this years growth rate for the agriculture and allied sectors was about 4 percent.

For the welfare of agriculture sector, the Agriculture and Farmers Welfare Ministry has converted all its schemes into special missions, schemes and programmes. With joint efforts of all stakeholders, the 2nd advance estimates predict about 271.98 MT production of food grain, which is 8.11 percent higher as compared to the year 2015-16. Shri Singh also said that the production of the foodgrains is 5.82 percent more than the last five years average production. There was a record foodgrains production in 2013-14, however, this years yield was 2.61 percent higher as compared to 2013-14.

Agriculture Minister said that the farmers have started reaping the benefit of the schemes initiated by the department of Agriculture Cooperation & Farmers Welfare. The schemes include National Food Security Mission (NFSM), National Horticulture Mission (NHM), Rashtriya Krishi Vikas Yojana (RKVY), and Total Direct Benefit Transfer (DBT).

Shri Singh said that the National Food Security Mission (NFSM), one of the most important schemes of the agriculture ministry covers rice, wheat, pulses, cereals and other main crops. Before the current government came to the power, NFSM was being implemented in 482 districts of 19 states. When the NDA government came to the power, the implementation of NFSM was extended to 638 districts of 29 states. Apart from that, 2.70 lakh hectare area is being used for organic farming. While ensuring the overall growth of agriculture and allied sectors, Rashtriya Krishi Vikas Yojana or RKVYs aims at achieving annual growth and maintaining the same during the 12th Plan.

Agriculture Minister said that the Ministry is focusing on the production and productivity of oilseeds and equal attention is also being given to the fruits, vegetables and horticulture. The government is also focusing on quality and availability of seeds. Apart from that national seed mission has been initiated under the scheme grants will be given for seed processing, seed storage, improving the quality of seeds and storing of seeds for the emergency.

Shri Singh said that the government is trying to safeguard farmers interest by announcing a minimum support price for main agricultural commodities. The thrust of the policy is to create a balanced and integrated structure to meet the overall needs of the economy. To support the prices, central nodal agencies such as FCI, CCI, JCI, NAFED, SFAC etc. start procurement process to ensure that the market price doesnt slip below the MSP fixed by the government. In case the market price of the commodity falls below the announced minimum price, govt agencies intervenes under Market Intervention Scheme (MIS) and procures the entire quantity offered by the farmers at the announced minimum price. During the period of 2014-15 to 2016-17, Indian government procured chilli, apple, ginger, potato, oil palm, grapes, onion betelnut, etc from the farmers of Uttar Pradesh, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Arunachal Pradesh, Himachal Pradesh, Mizoram and Nagaland. Any sharp rise or fall in prices not only causes harm to consumers but farmers too. To mitigate volatility in the prices of agricultural produce, a Price Stabilisation Fund of Rs.500 Crore for agricultural commodities was announced, which has been now increased to Rs.1500 crore. To control the rising pulses price, 40,000 metric tonne pulses have been distributed to the states at their behest and meanwhile, the government is creating a buffer stock of 20 lakh metric tonne pulses. Simultaneously government is procuring 20,000 metric tonne onion for buffer stock.

Shri Singh also said that the Kharif season is around the corner, therefore, it is imperative for the state governments to make plans to procure high-quality seeds of several types of crops and fertilisers for the farmers. The state governments should ensure that there is no scarcity of inputs during the cropping season.

To ensure that the farmers avail the benefits of Fasal Bima Yojana, the government launched Pradhan Mantri Fasal Bima Yojana from 2016 Kharif season after improvising the earlier insurance scheme. The insurance is vast and covers the pre-sowing to post-harvest losses. For soil health, the government has started Soil Health Card scheme. To promote organic farming, Paramparagat Krishi Vikas Yojana has been launched. To increase farmers income, the government is also focusing on agroforestry and bee-keeping.

Shri Radha Mohan Singh has urged all the ministers to make efforts for the smooth and timely implementation of all the schemes so that the farmers get the funds on time to start their work. Shri Singh also stressed on transparency in governance.

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