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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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Nirmala Sitharaman Launches India Standards Portal
May 08,2017

n++India needs to make it possible to provide quality goods at an affordable price.n++ This was stated by Ms. Nirmala Sitharaman, Minister of State (IC) for Commerce and Industry.

The Minister also launched the India Standards Portal - a one stop centre for all information on Standards, Technical Regulations, conformity assessment & accreditation practices, and the related bodies in India.

The Minister observed that while standards are important, they also need to be affordable. Prime Minister Shri Narendra Modi launched the Zero Effect, Zero Defect campaign earlier for this purpose.

The Minister stated that any national strategy for standards should be able to provide information regarding how varieties can be accommodated as this was also necessary for international negotiations. A lot of grey areas are used to stop imports from various countries using sanitary and phytosanitary standards (SPS) and technical barriers to trade (TBT) requirements. Almost 150 such notifications are provided to the country every month. It is important to get this information to people in a time bound manner.

She highlighted the existence of variety in agriculture based products and how one size fits all homogeneity cannot be brought to this sector. The Minister stated that there was a problem of information dissemination as it is difficult to get information to farmers on time. While appreciative of the launch of the India Standards portal, she suggested that a feature be added for people to access this information via their phones and an SMS service must be provided for the same. n++I am impatient to get this information to those who must conform to these standards,n++ she said.

She mentioned two streams of challenges which needed to be addressed over the course of the conclave. One relates to how India can become part of the standards setting system and increase conformity, the other relates to Indias role in the global debate. Standards are not just about export promotion but also making India ready to meet its internal needs.

Mr. R V Deshpande, Minister for Large and Medium Industries and Infrastructure Development, Karnataka, said that the state is providing incentives to the industrial units adopting standards. Its procurement policy included standards conformity and it has established infrastructure for conformity assessment with focus on Research and Development.

Ms. Rita Teaotia, Secretary, Department of Commerce stated that since the last edition of the Conclave, the new Bureau of India Standards (BIS) Act has been passed and the Consumer Products Act has been amended as per the recommendations of the previous Standards Conclaves. She noted that for the first time, standards in the services sector are being addressed. She suggested a National Strategy for Standards as well as Vision Document for the same.

Ms. Alka Panda, Director General, Bureau of Indian Standards (BIS), suggested the creation of a Technical Regulation Management Board which would provide an institutional framework to ensure policy coherence and coordination on standards and technical regulations.

Mr. Adil Zainulbhai, Chairman, Quality Council of India, stated that there was a need to work with SMEs to help improve their standards. He also spoke of the need to create a standards compliance system which was easy to comply with.

Mr. Rakesh Bharti Mittal, President Designate, CII highlighted standards for the services sector e.g. tourism & hospitality, healthcare, education etc. He stressed on the need for greater involvement of states in the development of standards as well as the need to help MSMEs and the agriculture sector comply with international standards.

Mr. Chandrajit Banerjee, Director General, CII outlined the outcomes of the various editions of the Standards Conclave. These include enactment of the BIS Act, recognition of the need for standards in services, development of a National Standards Strategy and the development of the National Standards Portal.

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Welspun Corp consolidated net profit rises 425.19% in the March 2017 quarter
May 08,2017

Net profit of Welspun Corp rose 425.19% to Rs 68.59 crore in the quarter ended March 2017 as against Rs 13.06 crore during the previous quarter ended March 2016. Sales rose 2.10% to Rs 1922.18 crore in the quarter ended March 2017 as against Rs 1882.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 94.35% to Rs 10.12 crore in the year ended March 2017 as against Rs 179.27 crore during the previous year ended March 2016. Sales declined 20.06% to Rs 5626.65 crore in the year ended March 2017 as against Rs 7038.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1922.181882.64 2 5626.657038.25 -20 OPM %9.069.05 -7.7010.98 - PBDT213.72125.07 71 422.00644.96 -35 PBT121.8227.63 341 35.92258.48 -86 NP68.5913.06 425 10.12179.27 -94

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Repro India reports standalone net profit of Rs 5.19 crore in the March 2017 quarter
May 08,2017

Net profit of Repro India reported to Rs 5.19 crore in the quarter ended March 2017 as against net loss of Rs 13.04 crore during the previous quarter ended March 2016. Sales rose 7.70% to Rs 81.86 crore in the quarter ended March 2017 as against Rs 76.01 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.86 crore in the year ended March 2017 as against net loss of Rs 8.00 crore during the previous year ended March 2016. Sales declined 22.13% to Rs 291.79 crore in the year ended March 2017 as against Rs 374.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales81.8676.01 8 291.79374.70 -22 OPM %12.59-11.24 -7.966.18 - PBDT10.54-9.93 LP 17.3911.32 54 PBT5.19-14.89 LP -2.86-8.00 64 NP5.19-13.04 LP -2.86-8.00 64

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Welspun Corp reports standalone net profit of Rs 152.84 crore in the March 2017 quarter
May 08,2017

Net profit of Welspun Corp reported to Rs 152.84 crore in the quarter ended March 2017 as against net loss of Rs 28.20 crore during the previous quarter ended March 2016. Sales rose 103.45% to Rs 1600.59 crore in the quarter ended March 2017 as against Rs 786.72 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 174.59 crore in the year ended March 2017 as against net loss of Rs 123.16 crore during the previous year ended March 2016. Sales rose 13.87% to Rs 4126.05 crore in the year ended March 2017 as against Rs 3623.42 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1600.59786.72 103 4126.053623.42 14 OPM %15.113.93 -12.174.49 - PBDT296.5313.94 2027 508.0368.93 637 PBT234.61-47.49 LP 263.78-178.60 LP NP152.84-28.20 LP 174.59-123.16 LP

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Canara Bank reports standalone net profit of Rs 214.18 crore in the March 2017 quarter
May 08,2017

Net profit of Canara Bank reported to Rs 214.18 crore in the quarter ended March 2017 as against net loss of Rs 3905.49 crore during the previous quarter ended March 2016. Total Operating Income declined 2.24% to Rs 10492.92 crore in the quarter ended March 2017 as against Rs 10732.91 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1121.92 crore in the year ended March 2017 as against net loss of Rs 2812.82 crore during the previous year ended March 2016. Total Operating Income declined 5.98% to Rs 41387.64 crore in the year ended March 2017 as against Rs 44022.13 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income10492.9210732.91 -2 41387.6444022.13 -6 OPM %53.8721.34 -61.8659.51 - PBDT264.18-4684.99 LP 1641.92-3185.77 LP PBT264.18-4684.99 LP 1641.92-3185.77 LP NP214.18-3905.49 LP 1121.92-2812.82 LP

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Hester Biosciences standalone net profit rises 28.49% in the March 2017 quarter
May 08,2017

Net profit of Hester Biosciences rose 28.49% to Rs 7.08 crore in the quarter ended March 2017 as against Rs 5.51 crore during the previous quarter ended March 2016. Sales rose 27.81% to Rs 34.93 crore in the quarter ended March 2017 as against Rs 27.33 crore during the previous quarter ended March 2016.

For the full year,net profit rose 29.24% to Rs 24.84 crore in the year ended March 2017 as against Rs 19.22 crore during the previous year ended March 2016. Sales rose 23.30% to Rs 121.13 crore in the year ended March 2017 as against Rs 98.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales34.9327.33 28 121.1398.24 23 OPM %33.3235.71 -33.7934.00 - PBDT10.969.05 21 38.4530.58 26 PBT9.327.37 26 32.9424.85 33 NP7.085.51 28 24.8419.22 29

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Jay Shree Tea & Industries reports standalone net loss of Rs 41.79 crore in the March 2017 quarter
May 08,2017

Net Loss of Jay Shree Tea & Industries reported to Rs 41.79 crore in the quarter ended March 2017 as against net loss of Rs 33.72 crore during the previous quarter ended March 2016. Sales declined 2.34% to Rs 128.60 crore in the quarter ended March 2017 as against Rs 131.68 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 15.45 crore in the year ended March 2017 as against net loss of Rs 19.16 crore during the previous year ended March 2016. Sales declined 22.09% to Rs 535.88 crore in the year ended March 2017 as against Rs 687.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales128.60131.68 -2 535.88687.85 -22 OPM %-25.65-19.67 -2.973.26 - PBDT-33.90-27.10 -25 2.860.11 2500 PBT-37.81-30.83 -23 -11.47-16.27 30 NP-41.79-33.72 -24 -15.45-19.16 19

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Board of Mafatlal Industries recommends final dividend
May 08,2017

Mafatlal Industries announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Indag Rubber recommends final dividend
May 08,2017

Indag Rubber announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 75%) , subject to the approval of the shareholders.

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Advance Syntex to hold EGM
May 08,2017

Advance Syntex announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 27 May 2017 .

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Board of Monsanto India recommends final dividend
May 08,2017

Monsanto India announced that the Board of Directors of the Company at its meeting held on 5 May 2017, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Monsanto India to hold AGM
May 08,2017

Monsanto India announced that the 67th Annual General Meeting (AGM) of the company will be held on 10 August 2017.

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PVV Infra to hold board meeting
May 08,2017

PVV Infra will hold a meeting of the Board of Directors of the Company on 13 May 2017, to consider and approve the Audited Financial Results for the Fourth Quarter and year ended 31st March 2017

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Yogya Enterprises to hold board meeting
May 08,2017

Yogya Enterprises will hold a meeting of the Board of Directors of the Company on 15 May 2017, to consider and approve the audited financial results of the Company for the financial year ended 31 March 2017.

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FPIs continue selling
May 08,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 391.44 crore into the secondary equity markets on 5 May 2017, as compared with net outflow of Rs 409.60 crore on 4 May 2017. On that day, the Sensex lost 267.41 points or 0.89% at to settle at 29,858.80, its lowest closing level since 24 April 2017.

The net outflow of Rs 391.44 crore on 5 May 2017 was a result of gross purchases of Rs 4794.22 crore and gross sales of Rs 5185.66 crore.

There was a net inflow of Rs 143.19 crore into the category primary market & others on 5 May 2017 which was a result of gross purchases of Rs 143.19 crore and nil gross sales.

FPIs have sold stocks worth a net Rs 2491.12 crore into the secondary equity markets in May 2017 so far (till 5 May 2017). They sold stocks worth a net Rs 1645.32 crore in April 2017.

FPIs have purchased shares worth a net Rs 32351.03 crore from the secondary equity markets in calendar year 2017 so far (till 5 May 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

FPIs have purchased stocks worth a net Rs 562.47 crore from the category primary market & others in May 2017 so far (till 5 May 2017). They had bought stocks worth a net Rs 4039.81 crore from the category primary market & others in April 2017.

FPIs have purchased shares worth a net Rs 7746.39 crore from the category primary markets & others in calendar year 2017 so far (till 5 May 2017). The net inflow from FPIs into the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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