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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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Power Grid Corporation of India fixes record date for interim dividend
Jan 27,2017

Power Grid Corporation of India announced that the Company has fixed 17 February 2017 as the record date for the purpose of ascertaining the eligibility of the Shareholders for payment of Interim Dividend, if declared, by the Board of Directors.

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Japan Stocks extend gain for third day
Jan 27,2017

The Japan share market settled higher for third straight session on Friday, 27 January 2017, on the back of firm cues from Wall Street overnight and yen descent against greenback. However, gains in Tokyo stocks were limited, as due to profit-taking ahead of the weekend. The 225-issue Nikkei average rose 65.01 points, or 0.34 percent, to end at 19,467.40. The Topix index of all first-section issues was up 4.24 points, or 0.27 percent, at 1,549.25.

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China Equity Market shut for Lunar New Year holiday
Jan 27,2017

Mainland China stock market shut on Friday, 27 January 2017, for the week-long Lunar New Year holiday and will resume trade on Friday, 3 February 2017.

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Hang Seng ends down ahead of Chinese New Year holidays
Jan 27,2017

The Hong Kong stock market closed edged down in a truncated session on Friday, 27 January 2017, as investors took profit ahead of the Lunar New Year holiday weekend. The Hang Seng Index edged down 0.06% or 13.39 points to close at 23,360.78. The Hang Seng China Enterprises index, or the H-share index, shed 0.51% or 50.31 points to 9,804.05. The Hang Seng was up 2.1 percent for the week, and the jumped 6.2 percent for the month. The Hong Kong market will be closed on Monday and Tuesday for the Lunar New Year. Trading will resume on Wednesday, 1 February 2017.

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Banks lift Australia share market
Jan 27,2017

Australian equity market ended higher on Friday, 27 January 2017, with shares of banks and energy players leading rally. At the closing bell, the benchmark S&P/ASX 200 index added 42.50 points, or 0.75%, to 5714, while the broader All Ordinaries index jumped 39.60 points, or 0.69%, to close at 5765.60.

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Balrampur Chini Mills sells its entire stake in subsidiary - Indo Gulf Industries
Jan 27,2017

Balrampur Chini Mills announced that the Company has signed a share purchase agreement on 27 January 2017 with Ganesh Explosives (acquirer) to sell and transfer the entire stake held by the company in Indo Gulf Industries (subsidiary) consisting of 51,62,470 equity shares of Re 1 each (53.96%).

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Rupee marches ahead
Jan 27,2017

Rupee closed higher at 68.0329/0480 per dollar on Friday (27 January 2017), versus its previous close of 68.0779/0930 per dollar on Wednesday. Earlier, trading was closed on Thursday due to local holiday.

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Kalindee Rail Nirman (Engineers) secures order worth Rs 197 crore
Jan 27,2017

Kalindee Rail Nirman (Engineers) has secured a prestigious order worth Rs. 197 crore from Dedicated Freight Corridor Corporation of India for Design, Supply and Construction of Track & Track related works for Eastern Dedicated Freight Corridor.

This order is an important milestone to the Companys Railway Track construction expertise, matching global standards.

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GHCL announces cessation of nominee director
Jan 27,2017

GHCL has paid the final installment of loan taken from IDBI Bank vide Loan agreement dated 06 July 2010. Accordingly, IDBI Bank has withdrawn the nomination of Padma Vinod Betai with effect from 25 January 2017 as a Nominee Director from the Board of the Company.

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Maruti Suzuki India increases prices across models
Jan 27,2017

Maruti Suzuki India announces a price increase ranging from Rs 1500 to Rs 8014 (ex-showroom -Delhi) across models. This new prices are effect from 27 January 2017. The hike in car prices is because of increase in commodity, transportation and administrative costs.

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Engineers India signs contract with Sonatrach, SPA
Jan 27,2017

Engineers India has signed a contract with SONATRACH, SPA for carrying out studies and providing PMC Services for Rehabilitation of Ethylene Unit at Skikda Petrochemical Complex. The project schedule is 23 Months and the estimated contract value is Euro 7,007,740/- and Algerian Dinar 20,645,416/- (equivalent to Rs 50 crore).

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Maruti Suzuki India launches VXi+ variant for WagonR
Jan 27,2017

Maruti Suzuki India announced the launch of an all-new VXi+ variant for WagonR. The latest addition to the WagonR is available in both automatic and manual transmission trims.

WagonR VXi+ offers a wide array of new features including Projector headlamps, stylish front grill, alloy wheels and side skirts. The piano black finish adds style to the dual tone interior colour scheme. The WagonR Vxi+ comes with Dual Airbags, Anti-Lock braking System with Electronic brake - force distribution system, as optional.

Prices of WagonR VXi+ start from Rs 4,69,840 (ex-showroom Delhi price)for the Manual variant.

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Joonktolle Tea & Industries announces demise of director
Jan 27,2017

Joonktolle Tea & Industries announced that the Companys Independent Director, B.R. Bhansali has left for his heavenly abode on 26 January 2017.

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Board of ITD Cementation India approves change in company secretary
Jan 27,2017

ITD Cementation India announced that the Board of Directors, at its meeting held on 27 January 2017, has appointed Rahul Neogi as the Company Secretary and Compliance Officer of the Company with effect from 01 February 2017 in place of R.C. Daga whose tenure of service as the Company Secretary and Compliance officer of the Company is expiring at the close of office hours on 31 January 2017.

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Prakash Industries secures coal linkages for sponge iron production
Jan 27,2017

Prakash Industries announced that in the recent Coal linkage auction conducted by Coal India, the Company has secured coal linkages of a total quality of 649300 MT per annum for the next 5 years from various mines of South Eastern Coalfields in Chhattisgarh, for which the company is going to sign the Fuel Supply Agreement (FSA).

Securing these linkages will provide long term stability in the operations of the company, in addition to the cost saving in sponge iron production at its integrated steel plant at Champa, Chhattisgarh.

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