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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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Praj Industries allots 211179 equity shares
Mar 17,2017

Praj Industries has allotted 211179 equity shares under ESOP 2005 on 17 March 2017.

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Mahabir Metallex renamed as SVP housing
Mar 17,2017

Mahabir Metallex has been renamed as SVP housing vide certificate dated 14 March 2017.

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Indian Hotels Co appoints CEO
Mar 17,2017

Indian Hotels Co announced that the Board of Directors of the Company approved the appointment of Giridhar Sanjeevi as the CEO of the Company with effect from 04 May 2017.

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Praj Industries allots 30,333 equity shares
Mar 17,2017

Praj Industries has allotted 30,333 equity shares Under ESOP 2011 on 17 March 2017.

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Inventure Growth & Securities announces change in directorate
Mar 17,2017

Inventure Growth & Securities announced that as the term of Nagji K. Rita as Chairman shall be over as on 31 March 2017, the board has appointed Kanji B. Rita Managing Director of the company as Chairman and Managing Director of the company with effect from 01 April 2017.

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Aditya Birla Fashion & Retail opens Forever 21 store
Mar 17,2017

Aditya Birla Fashion & Retail has inaugurated its first Forever 21 store in Siliguri, West Bengal. With this new store, the Foreever 21 brand has increased its store count to 16.

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Board of Marathon Nextgen Realty approves buyback of shares upto an aggregate Rs 149.52 cr
Mar 17,2017

Marathon Nextgen Realty announced that the Board of Directors at its meeting held on 17 March 2017 has approved a proposal to buy-back up to 54,37,345 Equity Shares of the Company for an aggregate amounting Rs. 149,52,69,875 (hereinafter referred to as the Buy-Back) being 19.12% of the total paid-up equity share capital, at Rs. 275/- (Rupees Two Hundred & Seventy Five only) per Equity Share (hereinafter referred to as the Buy-Back Price).

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Dena Bank to get capital infusion of Rs 600 crore
Mar 17,2017

Dena Bank announced that the Bank has received a communication from Government of India vide its letter dated 16 March 2017 informing inter alia capital allocation of Rs. 600 crore as part of turnaround linked infusion plan. The Board approval for raising of capital of the Bank through Issue of Equity Shares to Government of India, LIC of India and GIC of India on preferential basis, is being obtained.

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Indiabulls Housing Finance allots NCDs aggregating Rs 50 cr
Mar 17,2017

Indiabulls Housing Finance allotted its sixth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each (NCDs) aggregating Rs. 50 crore on private placement basis on 17 March 2017.

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Arihant Superstructures pares stake in its associate company, Arihant Technoinfra
Mar 17,2017

Arihant Superstructures announced that the Disinvestment Committee of the Company had decided to disinvest 4,300 equity shares in its Associate Company, Arihant Technoinfra. The said disinvestment was subject to the approval of the Board of Directors of Arihant Technoinfra.

In reference to the above, the Board of Directors of Arihant Technoinfra in its Board Meeting held on 17 March 2017 has granted their approval and have transferred the shares in the name of Varaprasad Atluri. After the said transfer the holding of the company has been reduced from 48% to 5%. Therefore, Arihant Technoinfra ceases to be a Associate of the Company w.e.f. 17 March 2017.

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Vakrangee announces corporate agency tie up with Aditya Birla Health Insurance Company
Mar 17,2017

Vakrangee announced Corporate Agency tie-up with Aditya Birla Health Insurance Company for distribution of Health Insurance products.

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Oriental Veneer Products acquires entire shareholding in Oriental Foundry
Mar 17,2017

Oriental Veneer Products has acquired the entire equity share capital of Oriental Foundry, making it a wholly owned subsidiary of the Company with effect from 17 March 2017.

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ITI explores options for achieving 25% public shareholding
Mar 17,2017

ITI announced that the Company is exploring feasibility of various options available for achieving SEBIs 25% Public Shareholding requirement including offer of shares to Public within prescribed time limit for compliance.

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National Aluminium Company appoints director
Mar 17,2017

National Aluminium Company announced the appointment of Dr. N.K.Singh as part-time Official Director on the Board of the Company.

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Board of Kotak Mahindra Bank approves increase in FIIs/ FPIs investment limit
Mar 17,2017

The Board of Kotak Mahindra Bank at its meeting held on 17 March 2017 granted its consent to seek approval of the shareholders to increase the ceiling limit on the total shareholding of the Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) in the equity share capital of the Bank to such percentage as the Board may decide from time to time not exceeding 49% of the paid-up equity capital of the Bank with effect from such date(s) as may be decided by the Board.

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