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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Axis Bank allots 52,625 equity shares
Jun 05,2017

Axis Bank has allotted 52,625 equity shares of Rs. 2/- each on 05 June 2017, pursuant to exercise of options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 479,35,38,578 (239,67,69,289 equity shares of Rs. 2/- each) to Rs. 479,36,43,828 (239,68,21,914 equity shares of Rs. 2/- each).

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Tata Motors-DVR announces resignation of director
Jun 05,2017

Tata Motors-DVR announce that Ravindra Pisharody has, vide letter dated 05 June 2017, submitted his resignation as Executive Director (Commercial Vehicles) of the Company, and as a Director of the Company and its associated companies for personal reasons.

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Tata Motors appoints COO
Jun 05,2017

Tata Motors announced that Satish Borwankar has been appointed as COO of the Company with immediate effect and his tenure of Executive Directorship would be extended for a period of 2 years from July 2017, subject to shareholders approval.

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UltraTech Cement allots 11,089 equity shares
Jun 05,2017

UltraTech Cement has allotted 11,089 equity shares under ESOP. With this allotment, the equity share capital of the Company stands increased to 27,45,22,835 equity shares of Rs 10 each.

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Veeram Ornaments announces resignation of company secretary and compliance officer
Jun 05,2017

Veeram Ornaments announced the resignation of Noopur Jain as Company Secretary cum compliance officer of the company w.e.f 05 June 2017.

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Outcome of board meeting of Kushal Tradelink
Jun 05,2017

Kushal Tradelink announced that the Board of Directors of the Company at its meeting held on 05 June 2017 has transacted the following -

The Board has requested for a detailed TEV study for purchase of large size recycled paper manufacturing plant located in Gujarat on slump sale basis requiring a proposed investment outlay of more than Rs 500 crore.

The Board has approved change in company name to Kushal or such other name as may be approved by the RoC.

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Aditya Vision opens its 21st branch
Jun 05,2017

Aditya Vision has opened its 21st branch named Aditya Vision.Zip Biharsharif at Kaghzi Mohalla, Ranchi Road, Biharsharif - 803101, Bihar.

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Board of Maharashtra Polybutenes approves change in directorate
Jun 05,2017

Maharashtra Polybutenes announced that the Board of Directors of the Company at its meeting held on 05 June 2017 has accepted the resignation of Independent Directors - Virendra Dalal and Abhay Manudhane and appointed Ajay Thirani and Harsh Jain as Additonal Directors (Independent).

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Mahindra & Mahindra Financial Services allots NCDs
Jun 05,2017

Mahindra & Mahindra Financial Services has allotted Secured Redeemable Non Convertible Debentures aggregating Rs 70 crore

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Aditya Birla Nuvo gets approval of NCLT for Composite Scheme of Arrangement
Jun 05,2017

Aditya Birla Nuvo announced that the National Company Law Tribunal has approved the Composite Scheme of Arrangment between the Company, Grasim Industries and Aditya Birla Financial Services and their respective shareholders and creditors.

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Board of Quintegra Solutions approves restructuring of capital
Jun 05,2017

Quintegra Solutions announced that the Board of Directors of the Company at its meeting held on 05 June 2017 has approved the restructuring of the capital subject to necessary approvals.

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Hong Kong Stocks end softer
Jun 05,2017

The Hong Kong stock market finished session down on Monday, 5 June 2017, due to profit booking ahead of Chinese economic data for May and the U.S. Federal Reserves rate decision later this month. The Hang Seng Index lost 0.24 per cent to close at 25,862.99. The Hang Seng China Enterprises Index also fell, shedding 0.65 per cent to 10,597.05. Turnover decreased to HK$74.7 billion from HK$85.2 billion on Friday.

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Nikkei ends down after hitting near two-year high
Jun 05,2017

The Japan share market finished session marginally lower on Monday, 05 June 2017, as some investors cashed in profits following Fridays run-up, with yens hardening against the dollar weighed on exporters. However, market losses were capped by buying on the back of Wall Streets solid performance at the end of last week. At the close, the 225-issue Nikkei Stock Average shed 6.46 points, or 0.03%, to end the day at 20,170.82. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 2.23 points, or 0.14%, lower to close at 1,609.97. On Friday, the Nikkei crossed the psychologically important 20,000 level for the first time in a year and a half and marked its strongest close since August 2015.

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China Stocks end lower
Jun 05,2017

The Mainland China equity market closed down on Monday, 05 June 2017, as a cooling pace of initial public offerings failed to offset large losses in financial and healthcare stocks. Also, investors opted to stay sideline ahead of Chinese economic data for May 2017 to assess the health of the worlds second-largest economy. Market reaction was largely muted to Chinas services sector expanding at the fastest pace in four months in May. Main sectors fell across the board, led by financial and healthcare shares. The Shanghai Composite Index lost 0.45% to 3,091.66 while the CSI 300 lost 0.51% to 3,468.75. The Shenzhen Composite Index rose 0.69% to 1,800.93 while the Nasdaq style ChiNext was up 0.88% to 1,761.25.

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Australia Stocks snaps four days winning streak
Jun 05,2017

Australian equity market ended lower on Monday, 05 June 2017, snapping four sessions on winning streak, as investors opting to withdrew profit off the table before the Reserve Bank of Australias monthly policy meeting, which is widely expected to see the benchmark cash rate held at a record low, and two days ahead of economic-growth figures for the first quarter of the year (Australian gross domestic product data due for release on Wednesday). At the close, the benchmark the S&P/ASX 200 ended 33.2 points, or 0.6%, lower at 5454.9. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 596 to 497 and 340 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 4.83% to 12.093.

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