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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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Foreign Exchange Earnings through Tourism in India was 12% higher in February 2017 compared with February 2016
Mar 22,2017

The highlights of the estimates of Foreign Exchange Earnings (FEEs) from tourism in India for February 2017 are as below:

Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)

n++ FEEs during the month of February 2017 were Rs. 15,260 crore as compared to Rs.13,627 crore in February 2016 and Rs.11,642 crore in February 2015.

n++ The growth rate in FEEs in rupee terms in February 2017 over February 2016 was 12.0% compared to positive growth of 17.1% in February 2016 over February 2015.

n++ FEEs during the period January- February 2017 were Rs.31,357 crore with a growth of 14.9%, as compared to the FEE of Rs. 27,296 crore with a growth of 15.0% in January- February 2016 over January- February 2015.

Foreign Exchange Earnings (FEEs) through tourism (in US $ terms)

n++ FEEs in US$ terms during the month of February 2017 were US$2.275 billion as compared to FEEs of US$ 1.996 billion during the month of February 2016 and US$ 1.877 billion in February 2015.

n++ The growth rate in FEEs in US$ terms in February 2017 over February 2016 was 14.0% compared to a positive growth of 6.3% in February 2016 over February 2015.

n++ FEEs during the period January-February 2017 were US$4.639billion with a growth of 15.2% as compared to the FEE of US$ 4.028 billion with a growth of 5.4% in January- February 2016 over January- February 2015.

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HUL in focus after commencing commercial production at Assam unit
Mar 22,2017

Hindustan Unilever (HUL) announced that it has commenced the commercial production in its new manufacturing unit at Assam on 15 March 2017. The announcement was made after market hours yesterday, 21 March 2017. The company had earlier informed about setting up new manufacturing unit in Assam to augment the production capacity of personal care products of the company.

Indiabulls Housing Finance announced that it has allotted its seventh tranche of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (NCDs) aggregating Rs 600 crore i.e. Rs 500 crore plus Greenshoe option of Rs 100 crore. The announcement was made after market hours yesterday, 21 March 2017.

Mawana Sugars announced that the board of directors of the company, vide resolution dated 21 March 2017, has agreed to enter into one time settlement (OTS) with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh. The purpose of the OTS was for resolution of non performing asset (NPA) debt. The company settled total memoranda dues of Rs 109.46 crores (as per PNB), for a consolidated agreed amount of Rs 79.79 crore, payable over 15 month without interest. The announcement was made after market hours yesterday, 21 March 2017.

ABC Bearings announced that it has sold its entire 2.5% equity stake in NSK-ABC Bearings Private Ltd (NABI) to NSK India Sales Company Pvt. Ltd, pursuant to the terms of a share purchase agreement dated 21st March 2017 entered into between ABC, NABI, NSK and the purchaser. The announcement was made after market hours yesterday, 21 March 2017.

Dena Bank announced that the board of directors of the bank approved raising of share capital of the bank upto an amount of Rs 800 crore. The capital will be raised by issue of shares to Government of India upto an amount of Rs 600 crore, by issue of shares to LIC of India upto an amount of Rs 180 crore and to GIC of India upto an amount of Rs 20 crore on preferential issue basis. The announcement was made after market hours yesterday, 21 March 2017.

Wockhardt announced that abbreviated new drug application (ANDA) of Piperacillin and Tazobactam for Injection USP, 40.5 g/vial, pharmacy bulk package submitted by Wockhardt Bio AG, subsidiary of the company has been approved by US Food and Drug Administration (USFDA). Wockhardts ANDA was determined to be therapeutically equivalent to the reference listed drug (RLD) Zosyn for Injection 40.5g/vial, pharmacy bulk package of Wyeth Pharmaceuticals Inc.

Wockhardt Bio AG had filed this ANDA in collaboration with Fresinius Kabi, Italy (FKAI), where the product development was completed. The ANDA will be manufactured commercially at FKAI, Mitim, Italy. The announcement was made after market hours yesterday, 21 March 2017.

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Board of Puravankara approves sale of shares in three subsidiaries
Mar 21,2017

Puravankara announced that the Board of Directors at meeting held on 21 March 2017 have passed an enabling resolution for exit from the investment of Rs.403 crores at Raidurg, Panamaktha Village which would inter-alia involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara. The transaction has been authorized on a condition that total inflow should not be less than a sum of Rs.475 crore.

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United Bank of India opens QIP issue
Mar 21,2017

United Bank of India announced that the Board Level Issue Approval Committee has at its meeting held on 21 March 2017 passed the following resolutions in connection to the QIP issue -

Approving and adopting preliminary placement document dated 21 March 2017 in connection with the QIP.

Authorising the opening of QIP on 21 March 2017.

Relevant date for this purpose is 21 March 2017 and floor price for the QIP is Rs 24.44 per share, with discount of up to 5% on the floor price in the QIP.

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Board of N2N Technologies allots 161403 equity shares under scheme of amalgamation
Mar 21,2017

N2N Technologies announced that Board of Directors at its meeting held on 14 March 2017 has made allotment of 161403 equity shares of Rs.10/- each pursuant to revised Scheme of Amalgamation.

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Update on merger of Bhartiya Mahila Bank into State Bank of India
Mar 21,2017

State Bank of India announced that the entire undertaking of Bharatiya Mahila Bank shall stand transferred to and vested in the State Bank of India from 01 April 2017.

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Board of Oil India approves proposal for buyback of shares
Mar 21,2017

The Board of Directors of Oil India at its meeting held on 20 March 2017 has approved a proposal for buyback of shares of 4,49,12,000 equity shares of Rs 10 each representing 5.60% of the paid up share capital of the Company.

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Sphere Global Services provides business update
Mar 21,2017

Sphere Global Services announced that the Company along with its Indian subsidiary-Adroit Infotech has bagged work orders amounting to 10 crore for execution of :
1 Supreme Industries -S4 HANA implementation at pan India level.
2. JSW -Implementation of GST Network system, which will be used for the roll out of proposed Goods and Services at pan India level.
3. Sudarshan Chemicals -Implementation of GST Network system, which will be used for the roll out of proposed Goods and Services at pan India level.

The said orders are expected to be completed in Financial Year 2017-18. Company will be executing the order from there Indian offices. Company is confident of executing this order well within the time frame on the back of its expertise, skilled resources and its strong infrastructure. With this current order, the company gets a significant boost in the organic growth.

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ICICI Bank allots equity shares
Mar 21,2017

ICICI Bank has allotted 614,015 equity shares under ESOS on 20 March 2017.

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JITF Infra Logistics appoints director
Mar 21,2017

JITF Infra Logistics announced that the Board of Directors in their Meeting held on 21 March 2017 has appointed Neeraj Kumar (DIN: 01776688) as an Additional Director in the category of Non Executive Director w.e.f. 21 March 2017.

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Zee Learn allots 217,250 equity shares
Mar 21,2017

Zee Learn has allotted 217,250 equity shares under ESOP on 21 March 2017. Consequent to the allotment, the paid up equity share capital has increased to 322,398,031 equity shares of Re 1 each aggregating Rs 32.23 crore.

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Board of Shrenuj & Company appoints directors
Mar 21,2017

Shrenuj & Company announced that the Board of Directors of the Company at its meeting held today, has inter-alia approved the appointment of Ranjal Laxmana Shenoy as an Additional Director and Aruna Soman as Woman Director on the Board of the Company under the category of Independent Director w.e.f. 21 March, 2017, to hold the office till the ensuing Annual General Meeting of the Company.

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Deepak Spinners appoints director
Mar 21,2017

Deepak Spinners has appointed Binod Kumar Agrawal as an Additional Director in the category of Independent Director today, with effect from 01 April 2017.

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IFCI announces appointment of Deputy Managing Director
Mar 21,2017

IFCI announced that the Appointment Committee of the Cabinet has approved the appointment of Sanjeev Kaushik, DMD, India Infrastructure Finance Company as DMD, IFCI, in additional charge, for a period of 6 months with effect from 12 December 2016.

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Adani Enterprises announces acquisition of Adani Infrastructure
Mar 21,2017

Adani Enterprises announced that the Company has acquired 100% equity share capital of Adani Infrastructure.

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