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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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Roopa Industries announces resignation of director
Feb 23,2017

Roopa Industries announced that Kadiyala Suneetha, who is Independent Woman Director of the Company has resigned, with immediate effect, as director of the Company vide her letter dated 25 January 2017. The Board of Directors of the Company has taken note of the resignation of Kadiyala Suneetha in their meeting held on 01 February 2017.

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Wipro allots 8700 equity shares
Feb 23,2017

Wipro has allotted 8700 equity shares under ADS RSU Plan 2004 and 336 equity shares under RSU Plan 2007 to the employees on 22 February 2017 pursuant to exercise of ESOPs.

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Winsome Textile Industries gets upgradation in credit ratings
Feb 23,2017

Winsome Textile Industries has received upgrade in its credit ratings from Credit Analysis & Research for the Companys bank facilities -

Long term bank facilities (Rs 159.75 crore) - CARE BBB-; Stable
Short term bank facilities (Rs 160.25 crore) - CARE A3

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FPIs continue selling
Feb 23,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 22.62 crore into the secondary equity markets yesterday, 22 February 2017, compared with net outflow of Rs 1951.03 crore on 21 February 2017. The net outflow of Rs 22.62 crore on 22 February 2017 was a result of gross purchases of Rs 6168.13 crore and gross sales of Rs 6190.75 crore. On that day, the Sensex rose 103.12 points or 0.36% to settle at 28,864.71, its highest closing level since 8 September 2016.

There was an outflow of Rs 274.21 crore into the category primary market & others on 22 February 2017, which was a result of gross purchases of Rs 286.56 crore and gross sales of Rs 12.35 crore.

FPIs have bought stocks worth a net Rs 7748.89 crore in February 2017 so far (till 22 February 2017). They sold stocks worth a net Rs 1315.13 crore in January 2017. FPIs have purchased shares worth a net Rs 6433.76 crore from the secondary equity markets in calendar year 2017 so far (till 22 February 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 1610.60 crore from FPIs in the category primary market & others in February 2017 so far (till 22 February 2017). There was a net inflow of Rs 138.53 crore from FPIs in the category primary market & others in January 2017. FPIs have purchased shares worth a net Rs 1749.13 crore in the category primary markets & others in calendar year 2017 so far (till 22 February 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Board of Radha Madhav Corporation allots convertible warrants
Feb 23,2017

Radha Madhav Corporation announced that the Board of Directors at its meeting held on 23 February 2017 has approved the allotment of 2 crore convertible warrants of a price of Rs 10 each on preferential basis.

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Lancer Container Lines opens branch office in Malaysia
Feb 23,2017

Lancer Container Lines has opened a branch office in Selangor, Malaysia.

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Jindal Stainless allots warrants
Feb 23,2017

Jindal Stainless has allotted 1,91,81,586 warrants of Rs 2 each at a price of Rs 39.10 per warrant to Virtuous Tradecorp on preferential basis.

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Saksoft allots 30,000 equity shares
Feb 23,2017

Saksoft announced that on recommendations received from the Nomination and Remuneration Committee, the Board of Directors vide circular resolution approved the allotment of 30,000 Equity Shares of the Company pursuant to exercise of options under ESOP 2009 Plan by eligible employees at the grant price fixed on the date of grant being 03 December 2010.

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Goa Carbon temporarily shuts down Bilaspur plant
Feb 23,2017

Goa Carbon announced that the operations at the Companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down from 22 February 2017.

There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there is sufficient inventory to service the orders in hand.

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Asian Oilfield Services to hold EGM
Feb 23,2017

Asian Oilfield Services announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 21 March 2017 .

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Dwarikesh Sugar Industries gets reaffirmation of credit ratings
Feb 23,2017

Dwarikesh Sugar Industries announced that ICRA has reaffirmed the companys ratings of ICRA A- (pronounced as ICRA A Minus) with stable outlook for long term loans/ fund based/ non-fund based facilities.

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6 km long Bet Dwarka Darshan Circuit in Gujarat to be developed at a cost of Rs.16.27 cr under HRIDAY
Feb 23,2017

Ministry of Urban Development today approved development of 6 km long Bet Dwarka Darshan Circuit in Gujarat at a cost of Rs.16.27 cr under the Central Scheme Heritage City Development and Augmentation Yojana (HRIDAY).

HRIDAY National Empowered Committee chaired by Shri Rajiv Gauba, Secretary (UD) has approved the circuit connecting the famous Dwarkadish Haveli and Hanuman Dandi, the only temple housing Hanumanji and his son Makardhwaj, in Dwarka district of Gujarat. There are two important water bodies along the circuit viz., Ranchod Talav and Shankhudhar Lake.

Darshan Circuit works to be taken up include development of streets and pedestrian pathways, laying of cycle tracks along beach side, plantation, provision of benches, resting spaces, changing rooms, drinking water and toilet facilities, craft and food bazar, signages, LED lighting, plazas for vending spaces etc.

Under HRIDAY launched on January 21, 2015, heritage related infrastructure development is being taken up in 12 identified cities including Dwarka-Bet Dwarka at a total cost of Rs.500 cr. so far, projects with an investment of Rs.420 cr have been approved for all 12 mission cities.

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Board of Decillion Finance approves voluntary delisting of shares from Calcutta Stock Exchange
Feb 23,2017

Decillion Finance announced that meeting of the Board of Directors of the Company held on 23 February 2017, the Board of Director has approved the matter relating to voluntary delisting of the Equity Shares of the Company from The Calcutta Stock Exchange in terms of the provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 as amended.

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Piramal Enterprises announces strategic partnership with Ivanhon++ Cambridge
Feb 23,2017

Piramal Enterprises has announced a strategic partnership withIvanhon++ Cambridge, a real estate subsidiary of CDPQ (Caisse de dn++pn++t etplacement du Qun++bec), to provide long term equity capital to blue chipresidential developers across the five major metro cities in India. Ivanhon++Cambridge is allocating an initial US$250m for this purpose. PEL will commit an additional amount alongside and co-invest between 25% and 50% of each transaction.

The capital will be made available to a selective list of Grade A developers who have already demonstrated a track record of execution capability, corporate governance and strong return potential. The investment focus shall include the Mumbai Metropolitan Region, Delhi (NCR), Bangalore, Pune and Chennai.

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Asian Granito India provides update on associate company - Astron Paper and Board Mill
Feb 23,2017

Asian Granito India announced that the Companys Associate Company Astron Paper and Board Mill has filed an application before National Company Law Tribunal for reduction of share capital u/s 66 of the Companies Act, 2013.

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