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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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NIIT acquires 10% stake holding in NIIT Yuva Jyoti
Dec 12,2016

NIIT has entered into a share purchase agreement dated 12 December 2016, inter alia, with National Skill Development Corporation (NSDC), in terms of which Company has agreed to acquire 23,13,240 equity shares of NIIT Yuva Jyoti (NYJL) having face value of Rs. 10/- (Rupees Ten Only) each constituting 10% of the aggregate issued and paid-up share capital of NYJL from NSDC for an aggregate cash consideration of Rs. 28,508,139/-.

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Board of Mahindra CIE Automotive approves scheme of amalgamation
Dec 12,2016

Mahindra CIE Automotive announced that the Board of Directors of the company at its meeting held on 12 December 2016 approved the scheme of amalgamation of Mahindra Forgings Global and Mahindra Forgings International with Mahindra CIE Automotive.

Since Mahindra Forgings Global and Mahindra Forgings International are wholly owned subsidiaries of the Company, no shares will be issued as consideration for the amalgamation.

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Mahindra CIE Automotive grants stock options
Dec 12,2016

Mahindra CIE Automotive announced that the Board of Directors of the Company, on the recommendation of Nomination and Remuneration Committee, at its meeting held on 12 December 2016 (meeting commenced at 3.30 p.m. and concluded at 5.30 p.m.) granted, 350,000 (Three Lacs Fifty thousand) Stock Options as per the ESOS-2015, convertible into equivalent number of equity shares of the Company of face value of Rs. 10/- each, at an exercise price of Rs. 150/- per option.

The Stock Options so granted, shall vest in 3 equal installments on 12 December 2017, December 12, 2018 and December 12, 2019. The options so vested under each of the installments, can be exercised within a period of 4 years from the relevant vesting date.

The Grant of options and the ESOS-2015 is in compliance with SEBI (Share Based Employees Benefit) Regulations, 2014.

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Fortis Healthcare shifts registered office
Dec 12,2016

Fortis Healthcare announced that the Board of Directors of the Company on 12 December 2016 has approved the resolution for Shifting of Registered Office of the Company from the National Capital Territory of Delhi to State of Punjab effective 12 December 2016.

The new address of the Registered Office is- n++Fortis Hospital, Sector 62, Phase - VIII, Mohali, Punjab - 160 062n++.

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Fortis Malar Hospitals shift registered office
Dec 12,2016

Fortis Malar Hospitals announced that the Board of Directors of the Company on 12 December 2016, has approved the resolution for Shifting of Registered Office of the Company from the National Capital Territory of Delhi to State of Punjab effective 12 December 2016.

The new address of the Registered Office is- n++Fortis Hospital, Sector 62, Phase - VIII, Mohali, Punjab - 160 062n++.

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Arcuttipore Tea Company to hold EGM
Dec 12,2016

Arcuttipore Tea Company announced that the Extra Ordinary General Meeting (EGM) of the Company will be held on 02 January 2017.

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Westlife Development provides update on credit ratings of subsidiary
Dec 12,2016

Westlife Development announced that India Ratings and Research (Ind-Ra), a Fitch Group Company, has affirmed the subsidiary Company Hardcastle Restaurants (HRPL) Long Term Rating of IND A-and short-term rating of IND A1 and the outlook on the long-term rating is Stable.

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Axis Bank plans to raise funds aggregating Rs 3500 crore
Dec 12,2016

Axis Bank announced that the Bank proposes to raise funds by issuing Unsecured Subordinated, Perpetual, Additional Tier I, Basel III compliant Non-Convertible Debentures (Series - 26) of the face value of Rs.10 lakh each for cash at par aggregating to Rs. 3,500 crore (Rupees Three Thousand and Five Hundred crores only). The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.

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Board of Sunteck Realty approves to transfer step down subsidiary
Dec 12,2016

Sunteck Realty announced that the Board of Directors of the Company at its meeting held on 12 December 2016, has approved the transfer of its step-down subsidiary - Denise Realties Private Limited to Thaler Developers Private Limited.

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Board of Bhushan Steel appoints director
Dec 12,2016

Bhushan Steel announced that the Board of Directors of the Company in its meeting held on 12 December 2016, has appointed Monica Aggarwal as an Additional Independent Woman Director of the Company as per the recommendation made by Nomination and Remuneration Committee of Board of Directors.

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Outcome of board meeting of Enkei Wheels India
Dec 12,2016

The Board of Directors of Enkei Wheels India at its meeting held on 12 December 2016 approved notice of convening Companys EGM to be held on 07 January 2017 to give effect to issue up to 743,835 equity shares to its promoter, Enkei Corporation, Japan on preferential basis.

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Board of Niraj Cement Structurals to consider notice for EGM for preferential issue of warrants
Dec 12,2016

Niraj Cement Structurals announced that a meeting of the Board of Directors is scheduled to be held on 15 December 2016, to consider the notice of Extra-Ordinary General Meeting (EGM) for issue of convertible warrants by way of preferential issue to the promoters and others.

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Board of Hind Securities & Credits to consider change in registered office
Dec 12,2016

Hind Securities & Credits announced that a meeting of the Board of Directors of the Company has been scheduled to be held on 20 December 2016 to shift the registered office of the Company from B - 18, Ground Floor, Shubham Enclave, Paschim Vihar, New Delhi - 110 063 to D-16, Ground Floor, Udyog Nagar, Nangloi, Delhi - 110 041 with effect from 20 December 2016.

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Board of MEP Infrastructure Developers approves change in directorate
Dec 12,2016

MEP Infrastructure Developers announced that the Board of Directors of the Company at its meeting held on 12 December 2016 approved appointment of Mira Mehrishi as Additional Director of the Company with effect from 12 December 2016 and noted letter of resignation received from Preeti Trivedi, Non Executive Independent Director of the Company with effect from 12 December 2016.

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Board of Jindal Drilling & Industries approves appointment of director
Dec 12,2016

The Board of Directors of Jindal Drilling & Industries at its meeting held on 12 December 2016 has approved the appointment of Hemant Kumar Khanna as Whole Time Director of the Company with effect from 01 January 2017 for a period of 5 years.

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