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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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Ahluwalia Contracts (India) to table results
Aug 10,2017

Ahluwalia Contracts (India) will hold a meeting of the Board of Directors of the Company on 22 August 2017, to consider, approve, inter-alia and take on record, the un-Audited Financial Results (Standalone) with limited review by the Statutory Auditor of the Company for the quarter ended 30th, June 2017

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Premier Explosives to conduct board meeting
Aug 10,2017

Premier Explosives will hold a meeting of the Board of Directors of the Company on 18 August 2017, to consider and approve, inter alia, the Unaudited Financial Results for the First quarter ended 30th June, 2017.

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Gaurav Mercantiles announces board meeting date
Aug 10,2017

Gaurav Mercantiles will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider the other matter, if any.

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Esaar (India) to table results
Aug 10,2017

Esaar (India) will hold a meeting of the Board of Directors of the Company on 14 August 2017, to approve the Unaudited Financial Result for the quarter and year ended 30th June, 2017, to adopt Directors Report for F.Y. 2016-2017 and Draft Notice for 65th Annual General meeting of the Company

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Golden Capital Services to table results
Aug 10,2017

Golden Capital Services will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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ERIS Lifesciences schedules board meeting
Aug 10,2017

ERIS Lifesciences will hold a meeting of the Board of Directors of the Company on 17 August 2017, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter /Three months ended June 30, 2017

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Devhari Exports (India) to hold board meeting
Aug 10,2017

Devhari Exports (India) will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider, adopt and approve Standalone as well as Consolidated Audited Financial Results for the quarter ended on 30th June, 2017.

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Australia Stocks fall 0.1%
Aug 10,2017

Australian equity market finished session slight lower on Thursday, 10 August 2017, as sentiments turned downbeat, with shares of financial being major losers, meanwhile ex-dividend trading Rio Tinto also weighed on the index. At the close, the S&P/ASX 200 index fell 4.76 points, or 0.1%, to 5,760.9.

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Adani Power nosedives as net loss widens in Q1
Aug 10,2017

The result was announced during market hours today, 10 August 2017.

Meanwhile, the S&P BSE Sensex was down 272.40 points or 0.86% at 31,525.44.

On the BSE, 25.62 lakh shares were traded on the counter so far as against the average daily volumes of 13.51 lakh shares in the past one quarter. The stock had hit a high of Rs 31.10 and a low of Rs 27.70 so far during the day. The stock had hit a 52-week high of Rs 46.30 on 11 April 2017 and a 52-week low of Rs 23.35 on 9 November 2016.

The stock had outperformed the market over the past one month till 9 August 2017, advancing 10.9% compared with the Sensexs 1.39% rise. The stock had, however, underperformed the market over the past one quarter, gaining 1.12% as against the Sensexs 6.23% rise. The scrip had outperformed the market over the past one year, advancing 14.1% as against the Sensexs 13.22% rise.

The large-cap company has equity capital of Rs 3856.94 crore. Face value per share is Rs 10.

Adani Powers consolidated total income rose 4.25% to Rs 5648.08 crore in Q1 June 2017 over Q1 June 2016.

Adani Power is a leading private power producer in India.

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Petron Engineering Construction receives work order worth Rs 62 crore
Aug 10,2017

Petron Engineering Construction has received work order for Civil and Mechanical works from The Ramco Cements, Chennai for Line-II project at Kolghat Grinding Unit, West Bengal for an approx. value of Rs. 62 crore.

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Kellton Tech gets CMMI Level 5 Certification
Aug 10,2017

Kellton Tech is now a CMMI Level 5 Certified company, thus scaling the pinnacle of global quality and process standards.

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AMD Industries launches new packaging product
Aug 10,2017

AMD Industries has launched its new product of packaging i.e. PET Jar having capacity of 20 Ltrs. by installing a machine line at its work at Neemarana, Rajasthan.

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Symphony tumbles after weak Q1 results
Aug 10,2017

The result was announced during trading hours today, 10 August 2017.

Meanwhile, the S&P BSE Sensex was down 269.60 points, or 0.85% to 31,528.24.

On the BSE, 27,000 shares were traded in the counter so far, compared with average daily volumes of 3,640 shares in the past one quarter. The stock had hit a high of Rs 1,349.45 and a low of Rs 1,195.95 so far during the day. The stock hit a 52-week high of Rs 1,571.45 on 23 March 2017. The stock hit a 52-week low of Rs 1,571.45 on 23 March 2017.

The stock had underperformed the market over the past one month till 9 August 2017, falling 1.36% compared with 0.16% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.93% as against Sensexs 5.11% rise. The scrip had outperformed the market in past one year, rising 16.76% as against Sensexs 14.48% rise.

The mid-cap company has equity capital of Rs 13.99 crore. Face value per share is Rs 2.

Symphony is engaged in manufacturing and trading of residential, commercial and industrial air coolers, both in the domestic and international markets.

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Aajeevika Grameen Express Yojana (AGEY) launched as part of DAY-NRLM
Aug 10,2017

The Government of India has decided to launch a new sub-scheme named n++Aajeevika Grameen Express Yojana (AGEY)n++ as part of the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM). The Self Help Groups under DAY-NRLM will operate road transport service in backward areas. This will help to provide safe, affordable and community monitored rural transport services to connect remote villages with key services and amenities (such as access to markets, education and health) for the overall economic development of backward rural areas. This will also provide an additional avenue of livelihood for SHGs. The basic outline of AGEY was discussed in a meeting of State Transport Ministers of 13 States held in June 2016 at Dharamshala, Himachal Pradesh and all the Transport Ministers had expressed their appreciation of this initiative.

The Community Investment Fund (CIF) provided to Community Based Organization (CBOs) under DAY-NRLM will be utilized to support the SHG members in this new livelihoods initiative. The beneficiary SHG member will be provided an interest free loan by the CBO from its Community Investment Fund upto Rs.6.50 lakh for purchase of the vehicle. Alternative, CBO will own the vehicle and lease it to an SHG member to operate the vehicle and pay lease rental to the CBO

AGEY will be initially implemented in 250 Blocks in the country on pilot basis with each Block provided upto 6 vehicles to operate the transport services. During the current year implementation of the scheme has been so far approved for 52 Blocks in 8 States namely Andhra Pradesh, Jharkhand, Maharashtra, Tamil Nadu, Telangana, Uttarakhand and West Bengal with a total provision of Rs.16.06 Crore of which the Government of India share would be Rs.10.16 Crore. The balance funding would be provided by the respective States.

The Blocks will be selected by States from among the Blocks where NRLM is being implemented intensively and where mature CBOs are already functioning. Backwardness, lack of transportation links and sustainability of service would be the guiding factors in the selection of Blocks and routes.

The State Rural Livelihood Missions (SRLMs) will do a feasibility study and traffic survey in the selected blocks to identity the routes and the number and capacity of vehicles which can be operated on sustainable basis. The study will be conducted by technically sound organizations with expertise in transport network planning. The choice of vehicle could be either e-riksha, 3 wheeler or 4 wheeler within a cost ceiling of Rs.6.50 lakh.

The SRLMs will be co-ordinating with State Transport Department for issue of permit for the vehicle. The SHG member operating the vehicle shall ensure that all necessary legal and statutory requirement such as valid permit, road tax permit, valid insurance policy etc. are met.

The SHG member shall run the vehicle on approved routes at pre-determined frequency as jointly agreed between the CBO and the SHG operator based on financial viability and the need for transport link.

All vehicles under the scheme shall have a defined colour code and carry AGEY branding to ensure their identity and avoid diversion to other routes.

The State Rural Livelihood Mission will arrange capacity building for their staff at State, District and Block levels for operating the Scheme. The members of the CBO and the beneficiary SHG member shall also be provided adequate training in the Rural Self Employment Training Institutes (RSETIs) and other partner organizations.

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Board of Bharat Electronics approves bonus issue of 1:10
Aug 10,2017

Bharat Electronics announced that the Board of Directors at its meeting held on 10 August 2017 approved the proposal for issue of Bonus shares to the existing shareholders of the Company in the ratio of 1:10 ( One Bonus share for every 10 shares held). The aforesaid proposal is subject to the approval by Members of the Company at the ensuing Annual General Meeting through remote e-voting and ballot.

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