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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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Golden Properties & Traders Board to review September quarter results
Nov 09,2016

Golden Properties & Traders announced that the Board Meeting for the purpose of Review of Unaudited Financial Results of the Company for the quarter ended 30 September 2016 shall be held on 14 November 2016.

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Yashraj Containeurs to announce September quarter and half year results
Nov 09,2016

Yashraj Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Yashraj Containeurs to announce September quarter and half year results
Nov 09,2016

Yashraj Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Board of Precision Containeurs to consider September quarter and half year results
Nov 09,2016

Precision Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Board of Precision Containeurs to consider September quarter and half year results
Nov 09,2016

Precision Containeurs announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, inter alia, to consider and approve the Unaudited Financial Results for the Quarter and Half Year ended on 30 September 2016.

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Board of Shreenath Investment Company to consider September quarter results
Nov 09,2016

Shreenath Investment Company announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, to consider, approve and take on record of Un-audited Financial Result together with Limited Review Report for the quarter ended 30 September 2016.

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Board of Shreenath Investment Company to consider September quarter results
Nov 09,2016

Shreenath Investment Company announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 14 November 2016, to consider, approve and take on record of Un-audited Financial Result together with Limited Review Report for the quarter ended 30 September 2016.

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Hindalco Industries skids on equity dilution concerns
Nov 09,2016

The announcement was made during market hours today, 9 November 2016.

Meanwhile, the S&P BSE Sensex was down 947.46 points or 3.43% at 26,643.68.

On BSE, so far 7.72 lakh shares were traded in the counter as against average daily volume of 13.42 lakh shares in the past one quarter. The stock hit a high of Rs 163.40 and a low of Rs 151.05 so far during the day. The stock had hit a 52-week high of Rs 172.25 on 8 November 2016. The stock had hit a 52-week low of Rs 58.85 on 12 February 2016. The stock outperformed the market over the past one month till 8 November 2016, gaining 6.17% compared with the Sensexs 1.67% fall. The scrip also outperformed the market in past one quarter, gaining 12.54% as against the Sensexs 2.1% decline.

The large-cap company has equity capital of Rs 206.52 crore. Face value per share is Rs 1.

Hindalco Industries announced that a meeting of the board of directors of the company is scheduled on 12 November 2016 to consider among other items, approval of raising of funds by issue of equity shares, global depository receipts/American depository receipts/, foreign currency convertible bonds/, fully convertible debentures/partly convertible debentures/ preference shares convertible into equity shares, and/or any other financial instruments convertible into equity shares (including warrants, or otherwise, in registered or bearer form) and/or any security convertible into equity shares, combination of any of the aforementioned securities by way of one or more public and/or private offerings, qualified institutions placement and/or on preferential allotment basis or any combination thereof or any other method as may be permitted under applicable law, subject to such approvals as may be required.

Hindalco Industries net profit jumped 381.3% to Rs 294.07 crore on 11.9% decline in net sales to Rs 7501.39 crore in Q1 June 2016 over Q1 June 2015. The company is scheduled to announce Q2 September 2016 results on 12 November 2016.

A part of the Aditya Birla Group, Hindalco Industries is the worlds largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is amongst the largest single location custom smelter globally.

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Prabhat Telecoms (India) announces change in directorate
Nov 09,2016

Prabhat Telecoms (India) announced that Atul Dattatray Bhatkhalkar, Independent Director of the Company has resigned and Board of Directors at its Meeting held on 08 November 2016 has accepted his resignation and accordingly Atul Dattatray Bhatkhalkar ceases to be Independent Director of the Company with effect from 07 November 2016.

Further, the Company in its Board Meeting held on 08 November 2016, Atul Arvind Singh has been appointed as Additional Director of the Company effective from 08 November 2016 by the Board of Directors and shall hold office until the conclusion of next Annual General Meeting.

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Prabhat Telecoms (India) announces change in directorate
Nov 09,2016

Prabhat Telecoms (India) announced that Atul Dattatray Bhatkhalkar, Independent Director of the Company has resigned and Board of Directors at its Meeting held on 08 November 2016 has accepted his resignation and accordingly Atul Dattatray Bhatkhalkar ceases to be Independent Director of the Company with effect from 07 November 2016.

Further, the Company in its Board Meeting held on 08 November 2016, Atul Arvind Singh has been appointed as Additional Director of the Company effective from 08 November 2016 by the Board of Directors and shall hold office until the conclusion of next Annual General Meeting.

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Board of Rolcon Engineering Company appoints directors
Nov 09,2016

Rolcon Engineering Company announced that the Board of Directors of the Company approved the appointment of Ashokbhai Parikh and Anilbhai Gandhi as Additional Directors.

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Board of Rolcon Engineering Company appoints directors
Nov 09,2016

Rolcon Engineering Company announced that the Board of Directors of the Company approved the appointment of Ashokbhai Parikh and Anilbhai Gandhi as Additional Directors.

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Realty stocks tank on Govts black money crackdown
Nov 09,2016

Indiabulls Real Estate (down 22.48%), Housing Development & Infrastructure (down 21.09%), DLF (down 20.92%), Lancor Holdings (down 15.82%), Oberoi Realty (down 13.64%), Unitech (down 13.18%), Kolte-Patil Developers (down 12.56%), D B Realty (down 12.5%), Brigade Enterprises (down 12.32%), Prestige Estates Projects (down 12.05%), Puravankara Projects (down 9.31%), Sobha (down 8.45%), Godrej Properties (down 2.94%) and Omaxe (down 2.74%) edged lower.

The S&P BSE Realty index tanked 210.65 points or 14.27% at 1,265.14. It underperformed the Sensex which was down 956.49 points or 3.47% at 26,634.65.

The S&P BSE Realty index had underperformed the market over the past one month till 8 November 2016, sliding 6.21% compared with 1.67% fall in the Sensex. The index had also underperformed the market in past one quarter, declining 9.59% as against Sensexs 2.1% fall.

In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India (GoI) decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight of 8 November 2016. The GoI accepted the recommendations of the Reserve Bank of India (RBI) to issue two thousand rupee notes and new notes of five hundred rupees will also be placed in circulation. Notes of one hundred, fifty, twenty, ten, five, two and one rupee will remain legal tender and will remain unaffected by the decision. The Prime Minister said the steps taken by GoI would strengthen the hands of the common citizens in the fight against corruption, black money and counterfeit notes.

Persons holding old notes of five hundred or one thousand rupees can deposit these notes in bank or post offices from 10 November 2016 onwards till 30 December 2016, the Prime Minister announced yesterday, 8 November 2016, evening.

Analysts expect that a lot of property purchases may get deferred in the short term in the wake of the governments latest measures to curb black money. Reports suggested that luxury real estate and land prices could correct near term, though it may be a positive over the long run.

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Board of Rotographics (India) to consider September quarter results
Nov 09,2016

Rotographics (India) announced that the next meeting of the Board of Directors of the Company will be held on 14 November 2016, inter-alia, to consider, approve and take on record the Unaudited Financial Results of the company for the quarter ended 30 September 2016.

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Board of Rotographics (India) to consider September quarter results
Nov 09,2016

Rotographics (India) announced that the next meeting of the Board of Directors of the Company will be held on 14 November 2016, inter-alia, to consider, approve and take on record the Unaudited Financial Results of the company for the quarter ended 30 September 2016.

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