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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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SBI firms up after cutting interest rate on savings account deposits
Jul 31,2017

The announcement was made during trading hours today, 31 July 2017.

Meanwhile, the S&P BSE Sensex was up 215.67 points, or 0.67% to 32,525.55.

On the BSE, 30.78 lakh shares were traded in the counter so far, compared with average daily volumes of 12.97 lakh shares in the past one quarter. The stock had hit a high of Rs 313.30 and a low of Rs 298.10 so far during the day. The stock hit a 52-week high of Rs 315 on 19 May 2017. The stock hit a 52-week low of Rs 223.20 on 4 August 2016.

The stock had outperformed the market over the past one month till 28 July 2017, rising 9.78% compared with 4.71% rise in the Sensex. The scrip had underperformed the market in past one quarter, rising 3.37% as against Sensexs 7.99% rise. The scrip had outperformed the market in past one year, rising 30.63% as against Sensexs 15.18% rise.

The large-cap state-run bank has equity capital of Rs 863.21 crore. Face value per share is Re 1.

State Bank of India (SBI) said it is introducing 2 tier saving bank interest rate with effect from 31 July 2017. While balance above Rs 1 crore will continue to earn interest rate at 4% per annum, interest rate at 3.5% per annum shall be offered on balances of Rs 1 crore and below, SBI said in a press release.

The decline in the rate of inflation and high real interest rates are the primary considerations warranting a revision in the rate of interest on saving bank deposits, it added.

The revision in saving bank rate would enable the bank to maintain the MCLR (marginal cost based lending rates) at existing rates, benefiting a large segment of retail borrowers in Small and medium-sized enterprises (SME), agriculture and affordable housing segments, it added.

SBI had cut the MCLR by 90 basis points effective 1 January 2017, on the strength of large inflows in saving and current accounts during the demonetisation period in the month of November and December 2016. There has been significant outflow of Current Account, Savings Account (CASA) deposits since then, SBI said.

State Bank of Indias net profit surged 122.7% to Rs 2814.82 crore on 7.8% growth in total income to Rs 57720.07 crore in Q4 March 2017 over Q4 March 2016.

Government of India held 57.07% stake in State Bank of India (as on 30 June 2017).

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Swelect Energy Systems announces board meeting date
Jul 31,2017

Swelect Energy Systems will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider and approve the Standalone Unaudited Financial Results of the Company for the three months ended 30th June 2017.

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Orosil Smiths India to announce Quarterly Result
Jul 31,2017

Orosil Smiths India will hold a meeting of the Board of Directors of the Company on 10 August 2017, to approve Unaudited financial results for the quarter ended 30th June , 2017

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Worth Investment & Trading Company to hold board meeting
Jul 31,2017

Worth Investment & Trading Company will hold a meeting of the Board of Directors of the Company on 7 August 2017, to consider and approve the Un-audited Standalone Financial results of the Company for the quarter and Three months ended 30th June, 2017, To shift the registered office of the Company for smooth and better functioning

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Board of Balkrishna Industries recommends dividend
Jul 31,2017

Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 29 July 2017, inter alia, have recommended the dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

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Omaxe to conduct AGM
Jul 31,2017

Omaxe announced that the 28th Annual General Meeting (AGM) of the company will be held on 27 September 2017.

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Minda Finance to announce Quarterly Result
Jul 31,2017

Minda Finance will hold a meeting of the Board of Directors of the Company on 9 August 2017, to approve the Un-Audited Financial Results for the Quarter ended on June 30, 2017.

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NBCC (India) announces board meeting date
Jul 31,2017

NBCC (India) will hold a meeting of the Board of Directors of the Company on 14 August 2017, to approve the un- audited financial results of the Company for the quarter ended June 30, 2017.

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Hisar Metal Industries to announce Quarterly Result
Jul 31,2017

Hisar Metal Industries will hold a meeting of the Board of Directors of the Company on 11 August 2017, to approve the un-audited financial results for the quarter ended on June 30, 2017

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VST Tillers Tractors to convene board meeting
Jul 31,2017

VST Tillers Tractors will hold a meeting of the Board of Directors of the Company on 11 August 2017, to approve the un-audited financial results for the quarter ended 30th June 2017.

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Optimus Finance to hold board meeting
Jul 31,2017

Optimus Finance will hold a meeting of the Board of Directors of the Company on 12 August 2017, to approve the unaudited financial results for the QE-30th June, 2017

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Gilada Finance & Investments to hold board meeting
Jul 31,2017

Gilada Finance & Investments will hold a meeting of the Board of Directors of the Company on 9 August 2017, to approve the Unaudited Financial Results for the quarter ended on 30th June, 2017.

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United Breweries declares Quarterly Result
Jul 31,2017

United Breweries will hold a meeting of the Board of Directors of the Company on 10 August 2017, to approve the Unaudited Financial Results for the Quarter ended June 30,2017.

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Ajanta Pharma declares Quarterly Result
Jul 31,2017

Ajanta Pharma will hold a meeting of the Board of Directors of the Company on 9 August 2017, to approve the Unaudited consolidated and standalone Financial Results of the Company for the first quarter ended 30th June, 2017.

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Mukesh Babu Financial Services announces board meeting date
Jul 31,2017

Mukesh Babu Financial Services will hold a meeting of the Board of Directors of the Company on 12 August 2017.

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