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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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Tata Power Company appoints director
Dec 16,2016

Tata Power Company announced that the Board, at its meeting held on 16 December 2016, has appointed S. Padmanabhan as Additional Director of the Company with immediate effect.

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China Stocks edge up
Dec 16,2016

Mainland China stock market managed to eke out gains after early losses on Friday, 16 December 2016, on easing concerns over liquidity crunch in the banking system after reports Chinas central bank has pumped 600 billion yuan into the financial system over the past two days to stabilize the bond and stock markets. Sectors were mixed, with infrastructure and healthcare recovered some losses early this week, while banks and materials continued to lag on the dollars strength. The Shanghai Composite Index added 0.17% to 3,122.98, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.95% to 1,991.64. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 1.13% to close at 1,998.11 points. For the week, the Shanghai Composite Index was down 3.4%, its worst retreat in nearly eight months.

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Nikkei hits new one-year high
Dec 16,2016

The Japan share market closed at fresh one-year high on Friday, 16 December 2016, as the yen depreciation to upper 118 level against greenback boosted exporters, meanwhile Japan financials were benefited from rising yields for global government bonds. The benchmark Nikkei 225 index added 0.66 per cent, or 127.36 points, marking its highest closing level since December 2015. The broader Topix index of all first-section shares was up 0.52 per cent, or 7.95 points, to finish at 1,550.67

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Australia Stocks end lower
Dec 16,2016

Australian share market finished session slight below neutral line on Friday, 16 December 2016, weighed down by weakness in commodity-related stocks, however, strength in consumer goods, industrial and realty counters helped to limit losses. At the closing bell, the benchmark S&P/ASX 200 index declined 5.70 points, or 0.1%, to 5532.90, while the broader All Ordinaries index dropped 5.30 points, or 0.09%, to close at 5589.70.

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Anuh Pharma surges after manufacturing site gets EUGMP certificate
Dec 16,2016

The announcements were made during market hours today, 16 December 2016.

Meanwhile, the BSE Sensex was up 9.07 points, or 0.03%, to 26,528.14.

High volumes were witnessed on the counter. On the BSE, 1.35 lakh shares were traded in the counter so far, compared with an average volume of 14,594 shares in the past one quarter. The stock had hit a high of Rs 245 and a low of Rs 208.35 so far during the day. The stock had hit a 52-week high of Rs 344 on 21 December 2015. The stock had hit a 52-week low of Rs 159 on 21 April 2016.

Anuh Pharma announced that French National Agency for Medicines and Health Products Safety (ANSM) considers manufacturing site of Anuh Pharma at E-17/3 and E-17/4, MIDC Tarapur, Taluka Palghar, District Thane 401506, Boisar, Maharashtra, India site in compliance with principles of good manufacturing practices (GMP) for active substances referred to in Article 47 of directive 2001/83/EC and has granted European Union good manufacturing practices (EUGMP) certificate for Erythromycin Ethyl Succinate and Pyrazinamide products.

ANSM had carried out the inspection of the manufacturing site on 16 September 2016.

Separately, Anuh Pharma announced that World Health Organisation (WHO), Geneva, considers the manufacturing site of the company at E-17/3 and E-17/4, M.I.D.C. Tarapur, Taluka Palghar, District Thane 401506, Boisar, Maharashtra, India in compliance to WHO GMPs for Pyrazinamide APIMF158and Sulfadoxine APIMF234, active pharmaceutical ingredients.

The inspection of the manufacturing site by the WHO was carried out on 16 September 2016.

Anuh Pharmas net profit dropped 34.5% to Rs 4.87 crore on 44.2% drop in net sales to Rs 50.07 crore in Q2 September 2016 over Q2 September 2015.

Anuh Pharma manufactures active pharmaceutical ingredients (APIs). The company is one of the largest producers of macrolides in the country.

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Board of Tamilnadu Jai Bharath Mills to consider change in directorate
Dec 16,2016

Tamilnadu Jai Bharath Mills announced that a meeting of Board of Directors of the Company is proposed to be held on 24 December 2016, to consider the resignation of D. Senthilkumar as a Executive Director and Whole Time Director and to continue as a Director of the Company.

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A2Z Infra Engg advances after its subsidiary wins contract
Dec 16,2016

The announcement was made during market hours today, 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 10.90 points or 0.04% at 26,508.17.

On the BSE, 3.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.87 lakh shares in the past one quarter. The stock had hit a high of Rs 44 and a low of Rs 41.75 so far during the day. The stock had hit a 52-week high of Rs 51.65 on 1 November 2016 and a 52-week low of Rs 16.50 on 12 February 2016.

The stock had outperformed the market over the past one month till 15 December 2016, gaining 15.66% compared with the 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.35% as against Sensexs 6.67% decline.

The small-cap company has equity capital of Rs 130.10 crore. Face value per share is Rs 10.

A2Z Infra Engineering announced that Delhi Metro Rail Corporation (DMRC), a joint venture of Government of India and Government of Delhi has awarded three facility management services contacts to A2Z Infraservices, a material subsidiary of the company.

The aggregate value of the contracts is Rs 39.31 crore, excluding service tax with additional increase in actual wages.

A2Z Infra Engineering reported net loss of Rs 16.65 crore in Q2 September 2016, higher than net loss of Rs 8.40 crore in Q2 September 2015. The companys net sales declined 42.7% to Rs 149.38 crore in Q2 September 2016 over Q2 September 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.

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A2Z Infra Engg advances after contract win by its subsidiary
Dec 16,2016

The announcement was made during market hours today, 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 10.90 points or 0.04% at 26,508.17.

On the BSE, 3.12 lakh shares were traded on the counter so far as against the average daily volumes of 2.87 lakh shares in the past one quarter. The stock had hit a high of Rs 44 and a low of Rs 41.75 so far during the day. The stock had hit a 52-week high of Rs 51.65 on 1 November 2016 and a 52-week low of Rs 16.50 on 12 February 2016.

The stock had outperformed the market over the past one month till 15 December 2016, gaining 15.66% compared with the 0.82% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.35% as against Sensexs 6.67% decline.

The small-cap company has equity capital of Rs 130.10 crore. Face value per share is Rs 10.

A2Z Infra Engineering announced that Delhi Metro Rail Corporation (DMRC), a joint venture of Government of India and Government of Delhi has awarded three facility management services contacts to A2Z Infraservices, a material subsidiary of the company.

The aggregate value of the contracts is Rs 39.31 crore, excluding service tax with additional increase in actual wages.

A2Z Infra Engineering reported net loss of Rs 16.65 crore in Q2 September 2016, higher than net loss of Rs 8.40 crore in Q2 September 2015. The companys net sales declined 42.7% to Rs 149.38 crore in Q2 September 2016 over Q2 September 2015.

A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services) is a fast growing, fully integrated electrical business group (EBG) in India catering to the needs of domestic and international power sector clients in building distribution and transmission infrastructure.

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Board of Suzlon Energy appoints CFO
Dec 16,2016

Suzlon Energy announced that the Board of Directors of the Company at its Meeting held on 16 December 2016 (which commenced at 12.00 p.m. and concluded at 1.30 p.m.), has approved the appointment of Sanjay Baweja as the Chief Financial Officer of the Company, with effect from 19 December 2016. Kirti Vagadia will continue in his position and will focus on strategy, shareholder and board related matters at the Group level.

Sanjay Baweja is not related to any of the Directors of the Company.

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Hazoor Multi Projects to hold board meeting
Dec 16,2016

Hazoor Multi Projects announced that a meeting of the Board of Directors of the Company is scheduled to be held on 26 December 2016, inter alia, to consider the followings:

- Management Discussion & Analysis.

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Volumes jump at Clariant Chemicals (India) counter
Dec 16,2016

Clariant Chemicals (India) clocked volume of 31.92 lakh shares by 13:53 IST on BSE, a 884.41-times surge over two-week average daily volume of 4,000 shares. The stock rose 5.16% to Rs 738.20.

KEI Industries notched up volume of 36.69 lakh shares, a 186.52-fold surge over two-week average daily volume of 20,000 shares. The stock rose 5.81% to Rs 126.55.

Shree Cement saw volume of 61,000 shares, a 102.75-fold surge over two-week average daily volume of 1,000 shares. The stock fell 1.12% to Rs 14,529.95.

Crompton Greaves Consumer Electricals clocked volume of 20.69 lakh shares, a 84.85-fold surge over two-week average daily volume of 24,000 shares. The stock rose 0.95% to Rs 143.

PTC India saw volume of 61.32 lakh shares, a 68.77-fold rise over two-week average daily volume of 89,000 shares. The stock rose 2.27% to Rs 76.60.

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Havells India leads losers in A group
Dec 16,2016

Havells India slipped 4.44% at Rs 321.50. The stock was the second biggest loser in A group. On the BSE, 74,000 shares were traded on the counter so far as against the average daily volumes of 84,000 shares in the past two weeks.

Edelweiss Financial Services fell 4.1% to Rs 84.30. The stock was the third biggest loser in A group. On the BSE, 1.83 lakh shares were traded on the counter so far as against the average daily volumes of 1.32 lakh shares in the past two weeks.

Jaiprakash Power Ventures shed 4.09% to Rs 3.75 at 13:45 IST. The stock topped the losers in the BSEs A group. On the BSE, 5.09 lakh shares were traded on the counter so far as against the average daily volumes of 1.56 lakh shares in the past two weeks.

Hindalco Industries declined 3.55% to Rs 169.90. The stock was the fourth biggest loser in A group. On the BSE, 6.99 lakh shares were traded on the counter so far as against the average daily volumes of 10.63 lakh shares in the past two weeks.

Intellect Design Arena dropped 3.42% at Rs 156.50. The stock was the fifth biggest loser in A group. On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 3.27 lakh shares in the past two weeks.

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A2Z Infra Engineerings subsidiary secures contract for Rs 39.31 crore
Dec 16,2016

A2Z Infra Engineering announced that Delhi Metro Rail Corporation (A Joint Venture of Government of India and Government of Delhi) (DMRC) has awarded three facility management services contacts to A2Z Infraservices (a material subsidiary of the Company).

The aggregate value of the said contracts is Rs 39.31 crore excluding Service Tax with additional increase in actual wages and corresponding EPF & ESI.

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Vaibhav Global provides update on US subsidiary - Liquidation Channel
Dec 16,2016

Vaibhav Globals US subsidiary Liquidation Channel (LC) has announced that it was named an Owler HOT in 2016 winner in Austin. Liquidation Channel (LC) is an Omni-channel business comprised of a home shopping TV network, an ecommerce business, and an outside sales/wholesale segment.

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Shree Krishna Paper Mills & Industries director resigns
Dec 16,2016

Shree Krishna Paper Mills & Industries announced that the Company has received a resignation letter from L. C. Parashar, Non-Executive Independent Director, resigning from the directorship of Shree Krishna Paper Mills & Industries which has been accepted by the Board with effect from 15 December 2016.

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