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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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iStreet Network reports standalone net loss of Rs 1.13 crore in the December 2016 quarter
Feb 16,2017

Net Loss of iStreet Network reported to Rs 1.13 crore in the quarter ended December 2016 as against net loss of Rs 0.63 crore during the previous quarter ended December 2015. Sales declined 33.52% to Rs 3.59 crore in the quarter ended December 2016 as against Rs 5.40 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.595.40 -34 OPM %-30.36-10.93 - PBDT-1.09-0.59 -85 PBT-1.13-0.63 -79 NP-1.13-0.63 -79

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Rishab Special Yarns reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Rishab Special Yarns reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Metalyst Forgings reports standalone net loss of Rs 87.76 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Metalyst Forgings reported to Rs 87.76 crore in the quarter ended December 2016 as against net loss of Rs 40.24 crore during the previous quarter ended December 2015. Sales declined 47.44% to Rs 250.14 crore in the quarter ended December 2016 as against Rs 475.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales250.14475.91 -47 OPM %16.5818.21 - PBDT-61.26-10.44 -487 PBT-113.57-59.36 -91 NP-87.76-40.24 -118

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First Custodian Fund(I) standalone net profit declines 58.33% in the December 2016 quarter
Feb 16,2017

Net profit of First Custodian Fund(I) declined 58.33% to Rs 0.05 crore in the quarter ended December 2016 as against Rs 0.12 crore during the previous quarter ended December 2015. Sales declined 70.00% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 0.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.030.10 -70 OPM %300.00130.00 - PBDT0.090.13 -31 PBT0.090.12 -25 NP0.050.12 -58

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Dhanlaxmi Cotex standalone net profit declines 79.88% in the December 2016 quarter
Feb 16,2017

Net profit of Dhanlaxmi Cotex declined 79.88% to Rs 0.34 crore in the quarter ended December 2016 as against Rs 1.69 crore during the previous quarter ended December 2015. Sales declined 43.96% to Rs 2.32 crore in the quarter ended December 2016 as against Rs 4.14 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.324.14 -44 OPM %16.3843.00 - PBDT0.341.69 -80 PBT0.341.69 -80 NP0.341.69 -80

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Pasupati Spinning & Weaving Mills reports standalone net profit of Rs 0.10 crore in the December 2016 quarter
Feb 16,2017

Net profit of Pasupati Spinning & Weaving Mills reported to Rs 0.10 crore in the quarter ended December 2016 as against net loss of Rs 0.38 crore during the previous quarter ended December 2015. Sales declined 32.76% to Rs 32.26 crore in the quarter ended December 2016 as against Rs 47.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales32.2647.98 -33 OPM %8.494.40 - PBDT1.210.44 175 PBT0.15-0.57 LP NP0.10-0.38 LP

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Fluidomat standalone net profit rises 23.91% in the December 2016 quarter
Feb 16,2017

Net profit of Fluidomat rose 23.91% to Rs 0.57 crore in the quarter ended December 2016 as against Rs 0.46 crore during the previous quarter ended December 2015. Sales rose 1.47% to Rs 5.54 crore in the quarter ended December 2016 as against Rs 5.46 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.545.46 1 OPM %14.6212.45 - PBDT1.060.85 25 PBT0.880.67 31 NP0.570.46 24

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Prime Focus reports consolidated net profit of Rs 22.68 crore in the December 2016 quarter
Feb 16,2017

Net profit of Prime Focus reported to Rs 22.68 crore in the quarter ended December 2016 as against net loss of Rs 11.40 crore during the previous quarter ended December 2015. Sales rose 8.86% to Rs 506.12 crore in the quarter ended December 2016 as against Rs 464.92 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales506.12464.92 9 OPM %21.9313.89 - PBDT89.7247.82 88 PBT24.41-9.36 LP NP22.68-11.40 LP

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BLS International Services consolidated net profit rises 30.34% in the December 2016 quarter
Feb 16,2017

Net profit of BLS International Services rose 30.34% to Rs 16.67 crore in the quarter ended December 2016 as against Rs 12.79 crore during the previous quarter ended December 2015. Sales rose 10.82% to Rs 162.80 crore in the quarter ended December 2016 as against Rs 146.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales162.80146.91 11 OPM %17.269.54 - PBDT26.4714.20 86 PBT20.9312.75 64 NP16.6712.79 30

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Kaycee Industries reports standalone net profit of Rs 0.04 crore in the December 2016 quarter
Feb 16,2017

Net profit of Kaycee Industries reported to Rs 0.04 crore in the quarter ended December 2016 as against net loss of Rs 0.06 crore during the previous quarter ended December 2015. Sales rose 5.68% to Rs 5.40 crore in the quarter ended December 2016 as against Rs 5.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.405.11 6 OPM %1.480.20 - PBDT0.130.03 333 PBT0.05-0.06 LP NP0.04-0.06 LP

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Jaykay Enterprises standalone net profit declines 18.00% in the December 2016 quarter
Feb 16,2017

Net profit of Jaykay Enterprises declined 18.00% to Rs 0.41 crore in the quarter ended December 2016 as against Rs 0.50 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Universal Arts reports consolidated net loss of Rs 0.13 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Universal Arts reported to Rs 0.13 crore in the quarter ended December 2016 as against net loss of Rs 0.21 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Gajra Bevel Gears reports standalone net loss of Rs 0.17 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Gajra Bevel Gears reported to Rs 0.17 crore in the quarter ended December 2016 as against net loss of Rs 0.07 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Board of Nestle India recommends final dividend
Feb 16,2017

Nestle India announced that the Board of Directors of the Company at its meeting held on 15 January 2017, inter alia, have recommended the final dividend of Rs 23 per equity Share (i.e. 230%) , subject to the approval of the shareholders.

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Cabinet approves acquisition of subsidiary banks of State Bank of India
Feb 16,2017

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks namely State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

The Cabinet also approved the introduction of a Bill in Parliament to repeal the State Bank of India (Subsidiary Banks) Act, 1959 and the State Bank of Hyderabad Act, 1956.

The merger is likely to result in recurring savings, estimated at more than Rs. 1,000 crore in the first year, through a combination of enhanced operational efficiency and reduced cost of funds. Existing customers of subsidiary banks will benefit from access to SBIs global network. The merger will also lead to better management of high value credit exposures through focused monitoring and control over cash flows instead of separate monitoring by six different banks.

The acquisition under Section 35 of the State Bank of India Act, 1955 will result in the creation of a stronger merged entity. This will minimize vulnerability to any geographic concentration risks faced by subsidiary banks. It will create improved operational efficiency and economies of scale. It will also result in improved risk management and unified treasury operations.

The acquisition of subsidiary banks of State Bank is an important step towards strengthening the banking sector through consolidation of public sector banks. It is in pursuance of the Indradhanush action plan of the Government and it is expected to strengthen the banking sector and improve its efficiency and profitability.

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