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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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Vaibhav Global appoints director
Mar 08,2017

Vaibhav Global announced that the Board of Directors of the Company has appointed Sunil Goyal (DIN: 00110601) as an Additional Director under the category of Non-Executive Independent Director w.e.f 08 March 2017 by a circular resolution.

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Sun TV Network fixes record date for interim dividend
Mar 08,2017

Sun TV Network has fixed 23 March 2017 as record date for interim dividend and dividend payment date is on and from 27 March 2017.

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Hong Kong Stocks close higher
Mar 08,2017

The Hong Kong stock market closed up for third straight session on Wednesday, 08 March 2017, helped by Chinese trade data which fuelled optimism about robust consumption demand. The gain was led by mainland property developers, as well as a jump in ZTE Corp after the Chinese telecom equipment maker agreed to plead guilty in a U.S. sanctions case. The benchmark Hang Seng index added 0.4%, to 23,782.27, while the Hong Kong China Enterprises Index gained 0.5%, to 10,280.31.

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China Stocks down on profit booking
Mar 08,2017

Mainland China stock market ended lower on Wednesday, 08 March 2017, due to profit-taking after a two-day winning streak and lingering concerns over tighter liquidity. The Shanghai Composite Index closed the day down 0.05% at 3,240.66, while the CSI 300 - which tracks the large caps listed in Shanghai and Shenzhen - was down 0.15% at 3,448.73. The Shenzhen Composite Index dropped 0.36% to 2,024.28. The tech-heavy ChiNext declined 0.67% to 1,964.63.

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Nikkei falls for fourth day
Mar 08,2017

The Japan share market ended down for fourth straight session on Wednesday, 08 March 2017, due to growing wait-and-see mood ahead of closely watched events, in particular the U.S. employment data later this week, the final hurdle before the U.S. Federal Reserve monetary policy meeting next week. A fall in the U.S. equities on Tuesday and a halt to the yens weakening against the dollar also weighed on the Tokyo market. But the markets downside was supported by buying on dips and hopes for exchange-traded fund buying by the Bank of Japan. The 225-issue Nikkei average lost 90.12 points, or 0.47%, to end at 19,254.03. The Topix index of all first-section issues closed down 4.79 points, or 0.31%, at 1,550.25.

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Australia Stocks down, weigh by miners
Mar 08,2017

Australian equity market finished marginally down in choppy trade on Wednesday, 08 March 2017, as losses by mining stocks and weakness in utilities offset modest gains in the energy sector and most big banks. At the close, the benchmark S&P/ASX 200 index fell 1.70 points, or 0.03%, of 5,759.70, while the broader All Ordinaries index shed 2.40 points, or 0.04%, to 5,799.50.

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Raiffeisen chooses iGTB to provide digital trade finance platform
Mar 08,2017

Intellect Design Arena announced that iGTB, its global transaction banking division, five Austrian Raiffeisen Regional Banks and Raiffeisen Bank International (RBI), Vienna, a leading banking group in Austria and Central and Eastern Europe, have agreed a contract to implement a comprehensive digital trade platform.

The iGTB solution enables Raiffeisen to automate its operations better and adapt to continuing business and market demands.

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Salzer Electronics gets Energy Service Company grading
Mar 08,2017

Salzer Electronics announced that CRISIL has assigned ESCO (Energy Service Company) Grading as CRISIL -BEE Grade 1 to the Company which indicates Very High ability of the Company to carry out energy efficiency audits and undertake energy efficiency projects.

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ISGEC Heavy Engineering to incorporate wholly owned subsidiary in Canada
Mar 08,2017

ISGEC Heavy Engineering has decided to incorporate a Wholly Owned Subsidiary Company in Canada with the name and style of ISGEC Canada. The Subsidiary Company is being incorporated to expand the business of the Company in that part of the world by having manufacturing operations by acquiring assets or an existing company.

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Shriram City Union Finance allots 3,500 equity shares
Mar 08,2017

Shriram City Union Finance has allotted 3,500 Equity Shares of Rs 35 each (including Rs 25 as premium) to A M Ramana and Krithika Doraiswamy, employees of the Company who exercised their options under ESOP Scheme 2006.

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GNA Axles gets upgradation in credit ratings
Mar 08,2017

GNA Axles announced that Credit Analysis & Research has upgraded the credit rating in respect of, Long Term Bank Facilities and Fund Based Limits of Rs. 163.37 crore from CARE A- (Single A minus) to CARE A; Stable (Single A; outlook stable, and Short Term Bank Facilities - Non Fund Based from CARE A2+ (A two plus) to CARE A1 (A One).

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Outcome of board meeting of Manvijay Development Company
Mar 08,2017

Manvijay Development Company announced that the Board of Directors of the Company at its meeting held on 08 March 2017 transacted the following -

1. The Board decided to undertake activities of specialized NBFCs as Core Investment Companies (CICs) by discontinuing the activities of Realty Estate business.

2. to make Investment upto Rs. 4.50 crore (approx) in the Preses Constructions Solutions.

3. Appointment M/s. Ferrao MSR & Associates as Secretarial Auditor of the Company for the Secretarial Audit for Financial Year 2016-2017.

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Coffee Day Enterprises to hold board meeting
Mar 08,2017

Coffee Day Enterprises will hold a meeting of the Board of Directors of the Company on 11 March 2017, to consider the Issuance of Rated, Redeemable, Secured, Un-listed Non-convertible Debentures for an amount not exceeding Rs. INR 3050 Million.

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Board of NILE recommends dividend
Mar 08,2017

NILE announced that the Board of Directors of the Company at its meeting held on 8 March 2017, inter alia, have recommended the dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Tamil Nadu Newsprint & Papers stops production in Paper Machine II
Mar 08,2017

Tamil Nadu Newsprint & Papers has stopped production in paper machine II (PM II), in unit I (Karur) from 07 March 2017 afternoon. The other two paper machines are in operations. The production in PM II will be resumed on availability of water.

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