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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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Board of iStreet Network allots equity shares
Feb 22,2017

The Board of Directors of iStreet Network at its meeting held on 22 February 2017 approved allotment of 75,000 equity shares to Sanjyot Joshi against 75% payment received. Post allotment, the paid up capital of the Company has increased from Rs 8.44 crore to Rs 8.47 crore.

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Metalyst Forgings gains on plan to issue equity shares
Feb 22,2017

The announcement was made after market hours yesterday, 21 February 2017.

Meanwhile, the S&P BSE Sensex was up 105.54 points or 0.37% at 28,867.13.

On the BSE, 4,876 shares were traded on the counter so far as against the average daily volumes of 38,884 shares in the past one quarter. The stock had hit a high of Rs 63.50 and a low of Rs 62.40 so far during the day.

The stock had hit a 52-week high of Rs 93.25 on 26 July 2016 and a 52-week low of Rs 41 on 24 June 2016. The stock had underperformed the market over the past one month till 21 February 2017, gaining 0.16% compared with the Sensexs 6.39% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 16.67% as against the Sensexs 11.63% rise.

The small-cap company has equity capital of Rs 36.75 crore. Face value per share is Rs 10.

Metalyst Forgings announced that the meeting of board of directors of the company is scheduled to be held on 25 February 2017 to discuss and consider the issue of equity shares/equity linked securities of the company subject to the approval of the shareholders of the company in its general meeting.

Metalyst Forgings reported net loss of Rs 87.76 crore in Q3 December 2016, higher than net loss of Rs 40.24 crore in Q3 December 2015. Net sales declined 47.4% to Rs 250.14 crore in Q3 December 2016 over Q3 December 2015.

Metalyst Forgings is a castings and forgings company.

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Castrol India revises record date for Special Dividend
Feb 22,2017

Castrol India has revised the record date for Special Dividend to 08 March 2017.

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Shashijit Infraprojects secures project for construction of Direct Spinning Building
Feb 22,2017

Shashijit Infraprojects has secured a project from Sanathan Textiles for construction of Direct Spinning Building. The approximate project cost is Rs 5.40 crore.

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Shares of Classic Filament get listed
Feb 22,2017

The equity shares of Classic Filament (Scrip Code: 540310) are listed effective 22 February 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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HDFC Bank allots 1793900 equity shares
Feb 22,2017

HDFC Bank announced that the Bank on 22 February 2017 has allotted 1793900 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).

The paid up share capital of the Bank will accordingly increase from Rs. 5116565834 equity shares of Rs. 2/- each to Rs. 5120153634 equity shares of Rs. 2/- each.

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Government to Come up With its own Study to Assess Impact of Pollution on Human Health: Environment Minister
Feb 22,2017

The Government is to come up with its own study with the Ministry of Health & Family Welfare to assess the trends and impact of pollution on human health. Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Anil Madhav Dave, said that the Government is taking all necessary steps to mitigate air pollution. He gave a detailed account of various sources of pollution and actions taken by the Government for their management. Giving an account of recent steps taken by the Government, the Minister referred to the notification on Graded Response Action Plan to address different levels of air pollution in National Capital Region. Referring to several media reports, linking air pollution specifically to deaths, Mr. Dave said there is a need to exercise caution in interpretation of these studies.

The Government is closely monitoring the trend of various air pollutants across the country under the National Air Quality Monitoring Programme. The Monitoring network comprises manual stations spread over 300 cities in 29 States and 6 Union territories. Apart from manual stations, there are 54 Continuous Ambient Air Quality Monitoring Stations that cover 33 cities in 12 states. The monitoring network is being expanded to cover all metro cities and capital towns.

The result of the monitoring shows that, while the levels of Particulate Matters have a fluctuating trend, the value of SO2 is generally within permissible limits, while the value of NO2 is fluctuating and slightly above the permissible limits. The value of Particulate Matter is the main concern and the Government has been taking all necessary measures to mitigate this problem in a systematic manner.

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Dr Reddys Lab in focus as Miryalaguda facility gets 3 USFDA observations
Feb 22,2017

Dr Reddys Laboratories (DRL) announced that the audit of the companys active pharmaceutical ingredients (API) manufacturing plant at Miryalaguda, by the United States Food and Drug Administration (USFDA) has been completed on 21 February 2017. DRL has been issued a Form 483 with three observations, which the company is addressing, it said. The announcement was made after market hours yesterday, 21 February 2017.

Power Grid Corporation of India (PGCIL) announced that it has been declared as the successful bidder under tariff based competitive bidding to establish 765kV Strengthening in Eastern Region (ERSS-XVIII) on build, own operate and maintain (BOOM) basis. The Letter of Intent (Lol) has been received on 21 February 2017. The announcement was made after market hours yesterday, 21 February 2017.

Coal India announced that a meeting of board of directors of the company will be held on 6 March 2017, to consider payment of interim dividend, if any, for the year ending 31 March 2017 (FY 2017). The announcement was made after market hours yesterday, 21 February 2017.

Apollo Hospitals Enterprise announced that a meeting of the debenture allotment committee of the board of directors of the company will be held on 23 February 2017, to consider and approve the allotment of 2,000 secured redeemable non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 200 crore to institutional investors/banks/financial institutions on a private placement basis. The announcement was made after market hours yesterday, 21 February 2017.

Castrol Indias net profit rose 10.65% to Rs 155.80 crore on 0.59% growth in total income to Rs 818 crore in Q4 December 2016 over Q4 December 2015. The announcement was made after market hours yesterday, 21 February 2017.

IL&FS Engineering and Construction Company said that a meeting of the Executive Committee of the board of directors of the company will be held on 25 February 2017 for determination of issue price for the preferential issue of equity shares of the company to the promoter/promoter group. The announcement was made after market hours yesterday, 21 February 2017.

Metalyst Forgings announced that the meeting of board of directors of the company is scheduled to be held on 25 February 2017 to discuss and consider the issue of equity shares/equity linked securities of the company subject to the approval of the shareholders of the company in its general meeting. The announcement was made after market hours yesterday, 21 February 2017.

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ISGEC Heavy Engineering signs collaboration and technology transfer agreement
Feb 21,2017

ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments

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ISGEC Heavy Engineering signs collaboration and technology transfer agreement
Feb 21,2017

ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments

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Outcome of board meeting of Hindustan Everest Tools
Feb 21,2017

Hindustan Everest Tools announced that the Board of Directors of the Company at its meeting held on 20 February 2017 approved the following -

Borrowing in excess of paid up share capital and free reserves and the creation of charge and/or mortgage in respect of borrowings in excess of paid up share capital and free reserves to the extent of Rs 20 crore.

Sale of substantial assets of the plant of the company at Jatheri, Sonepat (Haryana).

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Outcome of board meeting of Hindustan Everest Tools
Feb 21,2017

Hindustan Everest Tools announced that the Board of Directors of the Company at its meeting held on 20 February 2017 approved the following -

Borrowing in excess of paid up share capital and free reserves and the creation of charge and/or mortgage in respect of borrowings in excess of paid up share capital and free reserves to the extent of Rs 20 crore.

Sale of substantial assets of the plant of the company at Jatheri, Sonepat (Haryana).

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Tata Consultancy Services announces change in directorate
Feb 21,2017

Tata Consultancy Services announced that the Company has received a letter from Tata Sons, in exercise of the powers under Article 90 of the Articles of Association of the Company, nominating N. Chandrasekaran as the Chairman of the Board of Directors of the Company in place of Ishaat Hussain, with effect from 21 February 2017. The nomination was duly noted by the Directors at its meeting held on 20 February 2017.

In view of the above, N. Chandrasekaran would take charge as Non-Executive Chairman of the Board of Directors of the Company with effect from 21 February 2017.

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Outcome of board meeting of Stampede Capital
Feb 21,2017

Stampede Capital announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved the following subject to approval of shareholders -

Issue of 5 crore equity share warrants not exceeding 15% of the post issue equity to 13 persons under non promoter group.

Approved the proposal to raise further capital up to 40 million USD by way of ADR/GDR QIP/ Rights Issue/ FCCB and other securities.

Issue of ESOP shares to the Key Manageria Persons by Stampede Tradex, Singapore.

To increase the Authorised Share Capital from Rs 34 crore to Rs 45 crore.

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