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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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Punjab & Sind Bank announces appointment of Executive Director
Feb 17,2017

Punjab & Sind Bank announced that Government of India, Ministry of Finance, Department of Financial Services, vide notification dated February 16, 2017, in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, has appointed Fareed Ahmed, as Executive Director of Punjab & Sind Bank.

Fareed Ahmed has taken over the charge on 17 February 2017.

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Lancer Container Lines opens branch office
Feb 17,2017

Lancer Container Lines has opened a branch office at 10 A/1, Chidambara Nagar, Main Road, Tuticorin, Tamil Nadu - 628008, India headed by T.T. Alwin Durai. This office will help the Company to tap business opportunities in the Southern India and improve the company foot print and help deliver superior client experience locally.

The Company is well poised to serve clients with its own branch network at the following locations within India: New Delhi, Kolkata, Gandhidham-Gujrat and Chennai.

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Board of Sundaram Finance approve demerger of non-financial services investment into wholly owned subsidiary
Feb 17,2017

The Board of Directors of Sundaram Finance has on 17 February 2017 approved a proposal to demerge the non-financial services investment of Sundaram Finance into wholly owned subsidiary, Sundaram Finance Investments. Following the demerger, Sundaram Finance Investments would be listed on the stock exchanges, subject to necessary approvals from regulators and shareholders.

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Rural Electrification Corporation gets included in Nifty 100 and Nifty Next 50 indices
Feb 17,2017

Rural Electrification Corporation announced that as per the press release issued by India Index Services & Products (IISL) who manages a portfolio of 67 indices under NIFTY brand as of 30 September 2016 including NIFTY 50 and it is a group Company of National Stock Exchange of India, the Index Maintenance Sub-Committee (IMSC) of IISL in its Meeting held on 16 February 2017 has inter-alia decided to include Rural Electrification Corporation in NIFTY 100 and NIFTY Next 50 with effect from 31 March 2017. The above inclusion is based on various qualifying factors and good performance of the stock of REC.

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Vaibhav Global allots 1,791 equity shares
Feb 17,2017

Vaibhav Global has allotted 1,791 Equity Shares of Rs. 10 each on 17 February 2017 to Vaibhav Global Employee Stock Option Welfare Trust under VGL Employee Stock Option Plan (As Amended) - 2006.

Consequent to the said allotment, the paid up Equity Share Capital of the Company has increased to Rs. 32,54,56,170 consisting of 3,25,45,617 Equity Shares of Rs. 10 each.

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Inditrade Capital intimates of hike in stake in Inditrade Business Consultants
Feb 17,2017

Inditrade Capital announced that Inditrade Business Consultants has allotted 60,00,000 (Sixty lakh) equity shares at a face value of Rs. 10/- (Rupees Ten only) each to the Company on 17 February 2017 and consequently the present equity shareholding of the Company in Inditrade Business Consultants has become 99.8%.

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Moschip Semiconductor Technology secures contract valued USD 1 million
Feb 17,2017

Moschip Semiconductor Technology announced that its US subsidiary has entered into an agreement with one of its partners in the US to produce and support a custom silicon solution for its digital cinema product. The value of this contract is nearly USD 1 million to be executed during the next two quarters.

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The total horticulture production of the country is estimated to be around 286 million tonnes during 2015-16
Feb 17,2017

The Department of Agriculture and Farmers Welfare has released the Final Estimates: 2015-16 and First Advance Estimates of 2016-17, of area and production of horticulture crops. These estimates are based on the information received from different State/UTs in the country.

The following table summarizes the All-India Final Estimates: 2014-15, Final Estimates: 2015-16 & First Advance Estimates: 2016-17;

(Area in 000 Ha, Production in 000 MT)Total Horticulture2014-152015-16 ( Final)2016-17 (First Advance Estimate)(Final)Area234102447224369Production280986286188287323

Highlights: - 2015-16 (Final Estimates)

n++         The total horticulture production of the country is estimated to be around 286 million tonnes during 2015-16 which is 2% higher than the previous year.

n++         Production of fruits is estimated to be 90 million tonnes which is 1% higher than the previous year. 

n++         Production of vegetables is estimated to be around 169 million tonnes which is about 1.5% higher than the previous year.

n++         Production of spices is estimated to be around 7 million tonnes which is 14% higher than the previous year.

n++         Production of onion is estimated to be around 209 lakh tonnes which is 11% higher than the previous year.

n++         Production of potato is estimated to be around 434 lakh tonnes which is 10% lower than the previous year.

n++         Production of tomato is estimated to be around 187 lakh tonnes which is about 15 % higher than the previous year.

Highlights:- 2016-17 (First Advance Estimates)

n++         The horticulture production of the country during 2016-17 is estimated to be around 287 million tonnes which is marginally higher as compared to 2015-16.

n++         Production of fruits is estimated to be 92 million tonnes which is about 2% higher than the previous year.                                                                                              

n++         Production of vegetables is estimated to be around 168.6 million tonnes which is marginally lower by 0.3% than the previous year.

n++         Production of spices is estimated to be around 7 million tonnes which is almost same as previous year.

n++         Production of onion is estimated to be around 197 lakh tonnes which is 6 % lower than the previous year, which was a bumper production year. However as compared to the past 5 years average onion production, this is about 5% higher.

n++         Production of potato is estimated to be around 439 lakh tonnes which is 1% higher than the previous year.

n++         Production of tomato is estimated to be around 189 lakh tonnes which is about 1 % higher than the previous year.

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Sundaram Finance fixes record date for interim dividend
Feb 17,2017

Sundaram Finance has fixed 02 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Zydus Wellness fixes record date for dividend
Feb 17,2017

Zydus Wellness has fixed 10 March 2017 as the Record Date for the purpose of Payment of Interim Dividend, if declared.

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Rupee woe continues
Feb 17,2017

Rupee continued its declining trend to close lower at 67.0750/0850 per dollar on Friday (17 February 2017), versus its previous close of 67.0675/0775 per dollar.

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Board of Sundaram Finance recommends dividend
Feb 17,2017

Sundaram Finance announced that the Board of Directors of the Company at its meeting held on 17 February 2017, inter alia, have recommended the dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Richway International Trade to hold board meeting
Feb 17,2017

Richway International Trade will hold a meeting of the Board of Directors of the Company on 22 February 2017, to consider Proposal of Delisting of the Equity Shares of the Company from BSE Institutional Trading Platform (ITP).

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AcroPetal Technologies reports consolidated net loss of Rs 0.53 crore in the December 2016 quarter
Feb 17,2017

Net Loss of AcroPetal Technologies reported to Rs 0.53 crore in the quarter ended December 2016 as against net loss of Rs 7.22 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 7.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales07.35 -100 OPM %04.08 - PBDT-0.08-4.08 98 PBT-0.53-7.88 93 NP-0.53-7.22 93

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Shivalik Rasayan consolidated net profit rises 242.86% in the December 2016 quarter
Feb 17,2017

Net profit of Shivalik Rasayan rose 242.86% to Rs 2.40 crore in the quarter ended December 2016 as against Rs 0.70 crore during the previous quarter ended December 2015. Sales rose 185.38% to Rs 30.65 crore in the quarter ended December 2016 as against Rs 10.74 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales30.6510.74 185 OPM %14.689.96 - PBDT3.891.17 232 PBT3.311.07 209 NP2.400.70 243

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