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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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CEAT standalone net profit declines 9.28% in the September 2016 quarter
Nov 08,2016

Net profit of CEAT declined 9.28% to Rs 101.82 crore in the quarter ended September 2016 as against Rs 112.23 crore during the previous quarter ended September 2015. Sales rose 4.90% to Rs 1404.68 crore in the quarter ended September 2016 as against Rs 1339.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1404.681339.07 5 OPM %13.1913.87 - PBDT175.04184.47 -5 PBT143.60161.67 -11 NP101.82112.23 -9

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Aegis Logistics standalone net profit rises 17.59% in the September 2016 quarter
Nov 08,2016

Net profit of Aegis Logistics rose 17.59% to Rs 17.11 crore in the quarter ended September 2016 as against Rs 14.55 crore during the previous quarter ended September 2015. Sales rose 3.61% to Rs 94.14 crore in the quarter ended September 2016 as against Rs 90.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales94.1490.86 4 OPM %30.5527.61 - PBDT28.5624.67 16 PBT25.7021.79 18 NP17.1114.55 18

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Asahi India Glass consolidated net profit rises 62.52% in the September 2016 quarter
Nov 08,2016

Net profit of Asahi India Glass rose 62.52% to Rs 33.35 crore in the quarter ended September 2016 as against Rs 20.52 crore during the previous quarter ended September 2015. Sales rose 9.71% to Rs 615.74 crore in the quarter ended September 2016 as against Rs 561.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales615.74561.22 10 OPM %19.2116.71 - PBDT83.6358.27 44 PBT56.1330.76 82 NP33.3520.52 63

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Rich Universe Network reports standalone nil net profit/loss in the September 2016 quarter
Nov 08,2016

Rich Universe Network reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 53.00% to Rs 0.47 crore in the quarter ended September 2016 as against Rs 1.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.471.00 -53 OPM %01.00 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Texel Industries standalone net profit rises 36.67% in the September 2016 quarter
Nov 08,2016

Net profit of Texel Industries rose 36.67% to Rs 0.41 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015. Sales declined 17.90% to Rs 15.46 crore in the quarter ended September 2016 as against Rs 18.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.4618.83 -18 OPM %6.274.20 - PBDT0.630.43 47 PBT0.510.30 70 NP0.410.30 37

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Board of Allcargo Logistics approves buyback of equity shares
Nov 08,2016

Allcargo Logistics announced that the Board of Directors of the Company at its meeting held on 07 November 2016 approved the following -

Buyback of up to 64 lakh equity shares of Rs 2 each representing 2.54% of the total outstanding equity shares of the Company at a price of Rs 195 per share (including a premium of Rs 193 per share).

Record date for buyback of shares is 18 November 2016.

Appoints Shruta Sanghavi as Company Secretary and Compliance Officer with immediate effect.

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Board of GIC Housing Finance approves change in directorate
Nov 08,2016

GIC Housing Finance announced that the Board of Directors of the Company at its meeting held on 07 November 2016, inter alia, has transacted the following:

- Warendra Sinha, Managing Director & CEO has resigned from the Board w.e.f. 07 November 2016 consequent to the orders of the Department of Financial Services, Ministry of Finance, Govt, of India, elevating him as a General Manager & Whole Time Director of National Insurance Company, Kolkata.

- S. Gopakumar (General Manager, from The Oriental Insurance Company on Deputation) has been appointed as Managing Director & CEO.

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EID Parry India gains on turnaround Q2 results
Nov 08,2016

The announcement was made after market hours yesterday, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 26.39 points or 0.10% at 27,488.62.

High volumes were witnessed on the counter. On BSE, so far 1.1 lakh shares were traded in the counter as against average daily volume of 65,143 shares in the past one quarter. The stock hit a high of Rs 274.90 and a low of Rs 264.05 so far during the day. The stock had hit a 52-week high of Rs 277.95 on 7 October 2016. The stock had hit a 52-week low of Rs 150.30 on 12 February 2016. The stock underperformed the market over the past one month till 7 November 2016, falling 4% compared with Sensexs 2.15% decline. The scrip however outperformed the market in past one quarter, gaining 0.83% as against Sensexs 2.21% fall.

The mid-cap company has equity capital of Rs 17.59 crore. Face value per share is Re 1.

EID Parry Indias total income rose 6.66% to Rs 4757.26 crore in Q2 September 2016 over Q2 September 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 69% to Rs 508 crore in Q2 September 2016 over Q2 September 2015.

V Ramesh, Managing Director of the company said that the companys sugar division witnessed a marginal improvement in sugar prices in Q2 September 2016. Both the Bio products and Nutraceutical divisions continue to work on new product to strengthen their product portfolios, he added.

EID Parry (India) is part of the Tamil Nadu-based Murugappa Group and the largest sugar producer in South India and is one of the top five sugar producers in the country.

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Weizmann Fincorp to announce September quarter results
Nov 08,2016

Weizmann Fincorp announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, to consider among other things, the adoption of Financial Results for the Quarter ended 30 September 2016.

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Board of Navneet Education to consider September quarter results & buyback of shares
Nov 08,2016

Navneet Education announced that the meeting of Board of Directors is scheduled to be held on 11 November 2016, inter alia, to consider and approve Unaudited Financial Results of the Company for the quarter ended 30 September 2016. The Board shall also consider, inter alia, proposal for buyback of fully paid-up equity shares of the Company including matters related/incidental thereto and any other matter as the Board of Directors may decide during the course of the said meeting.

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NIIT Technologies allots equity shares
Nov 08,2016

NIIT Technologies announced that the ESOP Share Allotment Committee of the Company has allotted 7,000 equity shares of face value of Rs. 10/- each in accordance with the terms of ESOP 2005, on 07 November 2016. Consequent to the said allotment the paid up share capital of the Company has gone up to 61,362,174 equity shares of face value of Rs.10/- each aggregating to Rs. 613,621,740/-.

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Kavit Industries appoints director
Nov 08,2016

Kavit Industries announced that Nikhil Ramnikbhai Bhut has been appointed as Additional Director of the Company with effect from 07 November 2016 pursuant to Section 161 of the Companies Act, 2013 and Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Britannia drops after uninspiring Q2 results
Nov 08,2016

The result was announced after market hours yesterday, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 16.85 points or 0.06% at 27,475.84.

On BSE, so far 8,184 shares were traded in the counter as against average daily volume of 14,000 shares in the past two weeks. The stock hit a high of Rs 3,296.65 and a low of Rs 3,219.15 so far during the day. The stock had hit a record high of Rs 3,575 on 15 September 2016. The stock had hit a 52-week low of Rs 2,506.65 on 12 February 2016. The stock had underperformed the market over the past one month till 7 November 2016, sliding 2.63% compared with 2.15% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 14.63% as against Sensexs 2.21% fall.

The large-cap company has equity capital of Rs 24 crore. Face value per share is Rs 2.

Commenting on the companys performance, Varun Berry, Managing Director of Britannia Industries said the company has witnessed positive momentum in the market growth over the last few months and expects the impact of good monsoon and flow through the 7th pay commission benefits would continue to support this trend. On the commodity front, prices of key raw material have had a high double digit inflation, which is much beyond what the company had originally estimated. While, the company has initiated price increases and accelerated its cost efficiency program, its focus is on remaining competitive in the market place and gain market share to build a sustainable business, Berry said. He further said that Britannia sees many untapped opportunities in its biscuit business and is actively working on other adjacent macro snacking business opportunities to ensure it stays ahead of market and achieves profitable growth to take it to the next level.

Britannia Industries announced the appointment of N. Venkataraman as the new chief financial officer (CFO) of the company with effect from 1 December 2016, pursuant to resignation of existing CFO Amlan Datta Majumdar with effect from closing business hours of 30 November 2016.

Britannia Industries makes biscuits, bread, rusk, cakes and dairy products like cheese, butter and milk.

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Relaxo Footwears allots equity shares
Nov 08,2016

Relaxo Footwears announced about allotment of 90550 Equity Shares under RFL ESOP Plan 2014 and Grant of 18500 options and cancellation of 9140 options.

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Britannia Industries announces change in CFO and KMP
Nov 08,2016

Britannia Industries announced that Amlan Datta Majumdar, Chief Financial Officer and Key Managerial Personnel has resigned from the Company w.e.f closing business hours of 30 November 2016 and N. Venkataraman has been appointed as Chief Financial Officer and Key Managerial Personnel with effect from 01 December 2016.

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