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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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Board of Escorts recommends final dividend
Jun 05,2017

Escorts announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Arihant Superstructures recommends final dividend
Jun 05,2017

Arihant Superstructures announced that the Board of Directors of the Company at its meeting held on 27 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Can Fin Homes gains on stock-split plan
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 76.49 points, or 0.24%, to 31,349.78. The S&P BSE Mid-Cap index was up 58.74 points, or 0.4%, to 14,860.22.

On the BSE, 2,310 shares were traded in the counter so far, compared with an average volume of 14,060 shares in the past one quarter. The stock had hit a high of Rs 2,756 and a low of Rs 2,735.85 so far during the day. The stock had hit a record high of Rs 2,897 on 4 May 2017. The stock had hit a 52-week low of Rs 1,079.85 on 24 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 4.17% compared with 3.81% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 39.71% as against Sensexs 8.47% rise. The scrip also outperformed the market in past year, surging 124.17% as against Sensexs 16.5% rise.

The mid-cap company has an equity capital of Rs 26.62 crore. Face value per share is Rs 10.

Can Fin Homes net profit rose 49.35% to Rs 70.87 crore on 22.42% rise in net total income to Rs 361.48 crore in Q4 March 2017 over Q4 March 2016.

Can Fin Homes main business is to provide loans for the purchase and construction of residential houses.

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Board of Balmer Lawrie & Company recommends final dividend
Jun 05,2017

Balmer Lawrie & Company announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

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Board of Gujarat State Fertilizers& Chemicals recommends final dividend
Jun 05,2017

Gujarat State Fertilizers& Chemicals announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 2.2 per equity Share (i.e. 110%) , subject to the approval of the shareholders.

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Board of Gujarat Narmada Valley Fert. & Chem. recommends final dividend
Jun 05,2017

Gujarat Narmada Valley Fert. & Chem. announced that the Board of Directors of the Company at its meeting held on 29 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Can Fin Homes heads north after stock-split plan
Jun 05,2017

The announcement was made after market hours on Friday, 2 June 2017.

Meanwhile, the S&P BSE Sensex was up 76.49 points, or 0.24%, to 31,349.78. The S&P BSE Mid-Cap index was up 58.74 points, or 0.4%, to 14,860.22.

On the BSE, 2,310 shares were traded in the counter so far, compared with an average volume of 14,060 shares in the past one quarter. The stock had hit a high of Rs 2,756 and a low of Rs 2,735.85 so far during the day. The stock had hit a record high of Rs 2,897 on 4 May 2017. The stock had hit a 52-week low of Rs 1,079.85 on 24 June 2016.

The stock had underperformed the market over the past one month till 2 June 2017, falling 4.17% compared with 3.81% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 39.71% as against Sensexs 8.47% rise. The scrip also outperformed the market in past year, surging 124.17% as against Sensexs 16.5% rise.

The mid-cap company has an equity capital of Rs 26.62 crore. Face value per share is Rs 10.

Can Fin Homes net profit rose 49.35% to Rs 70.87 crore on 22.42% rise in net total income to Rs 361.48 crore in Q4 March 2017 over Q4 March 2016.

Can Fin Homes main business is to provide loans for the purchase and construction of residential houses.

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Tata Comm gains after entering in strategic deal with Batelco
Jun 05,2017

The announcement was made on Sunday, 4 June 2017.

Meanwhile, the BSE Sensex was up 33.35 points, or 0.11%, to 31,306.64

On the BSE, so far 26,000 shares were traded in the counter, compared with average daily volumes of 83,017 shares in the past one quarter. The stock had hit a high of Rs 746.35 and a low of Rs 735 so far during the day. The stock hit a 52-week high of Rs 784 on 17 March 2017. The stock hit a 52-week low of Rs 426.70 on 24 June 2016.

The stock had outperformed the market over the past one month till 2 June 2017, rising 4.34% compared with 3.81% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 1.18% as against Sensexs 8.47% rise. The scrip, however, outperformed the market in past year, surging 66.41% as against Sensexs 16.5% rise.

The large-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications and Batelco announced signing an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. Batelco is Bahrains leading digital communications solutions provider.

The agreement allows Tata Communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco. This allows Tata Communications customers to have a one stop, seamless solution for their network, cloud and colocation requirements.

Tata Communications IZO Cloud Enablement Platform empowers enterprises to connect and build their cloud, their way - be it private, public or hybrid. It is supported by Tata Communications leading global infrastructure.

Batelco Bahrain CEO Eng. Muna Al Hashemi said that the companys global expansion strategy is designed to strengthen our global portfolio of services by ensuring the provision of reliable solutions both into and from Bahrain.

On a consolidated basis, Tata Communications net loss of Rs 260.81 crore in Q4 March 2017, higher than net loss of Rs 256.95 crore in Q4 March 2016. Total income rose 7.64% to Rs 5116.48 crore in Q4 March 2017 over Q4 March 2016.

Tata Communications along with its subsidiaries is a leading global provider of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

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Jewellery in demand
Jun 05,2017

Titan Company (up 15.08%), PC Jewellery (up 9.21%), Tara Jewels (up 5.95%), Tribhovandas Bhimji Zaveri (up 5.43%), Thangamayil Jewellery (up 4.88%) and Gitanjali Gems (up 4.77%), edged higher. Rajesh Exports was down 0.23%.

The S&P BSE Sensex was up 62.90 points, or 0.20% at 31,336.19.

The goods & services tax (GST) Council on Saturday, 3 June 2017, announced that the rate on gold and gold jewellery would be at 3%. The import duty of 10%, which will be over and above the 3%, remains unchanged. The rate of tax is lower than the lowest slab of 5% under the new GST regime to be implemented from 1 July 2017 and is closer to the current tax incidence on gold of about 2%.

A foreign broker said in a note that this comes as a big relief given gold was expected to be almost like a balancing figure in some sense as taxes on most other products had already firmed up.

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Jewellery stocks in demand
Jun 05,2017

Titan Company (up 15.08%), PC Jewellery (up 9.21%), Tara Jewels (up 5.95%), Tribhovandas Bhimji Zaveri (up 5.43%), Thangamayil Jewellery (up 4.88%) and Gitanjali Gems (up 4.77%), edged higher. Rajesh Exports was down 0.23%.

The S&P BSE Sensex was up 62.90 points, or 0.20% at 31,336.19.

The goods & services tax (GST) Council on Saturday, 3 June 2017, announced that the rate on gold and gold jewellery would be at 3%. The import duty of 10%, which will be over and above the 3%, remains unchanged. The rate of tax is lower than the lowest slab of 5% under the new GST regime to be implemented from 1 July 2017 and is closer to the current tax incidence on gold of about 2%.

A foreign broker said in a note that this comes as a big relief given gold was expected to be almost like a balancing figure in some sense as taxes on most other products had already firmed up.

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Tata Comm gains on entering in strategic deal with Batelco
Jun 05,2017

The announcement was made on Sunday, 4 June 2017.

Meanwhile, the BSE Sensex was up 33.35 points, or 0.11%, to 31,306.64

On the BSE, so far 26,000 shares were traded in the counter, compared with average daily volumes of 83,017 shares in the past one quarter. The stock had hit a high of Rs 746.35 and a low of Rs 735 so far during the day. The stock hit a 52-week high of Rs 784 on 17 March 2017. The stock hit a 52-week low of Rs 426.70 on 24 June 2016.

The stock had outperformed the market over the past one month till 2 June 2017, rising 4.34% compared with 3.81% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, declining 1.18% as against Sensexs 8.47% rise. The scrip, however, outperformed the market in past year, surging 66.41% as against Sensexs 16.5% rise.

The large-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications and Batelco announced signing an agreement further strengthening their partnership to extend the reach of their global data centre, cloud and connectivity solutions to their customers. Batelco has chosen Tata Communications as a cloud partner to ensure high levels of flexibility and reliability for its customers through Tata Communications IZO Cloud Enablement Platform. Batelco is Bahrains leading digital communications solutions provider.

The agreement allows Tata Communications to extend its data centre footprint in locations like Bahrain, Jordon, among others enabled by Batelco. This allows Tata Communications customers to have a one stop, seamless solution for their network, cloud and colocation requirements.

Tata Communications IZO Cloud Enablement Platform empowers enterprises to connect and build their cloud, their way - be it private, public or hybrid. It is supported by Tata Communications leading global infrastructure.

Batelco Bahrain CEO Eng. Muna Al Hashemi said that the companys global expansion strategy is designed to strengthen our global portfolio of services by ensuring the provision of reliable solutions both into and from Bahrain.

On a consolidated basis, Tata Communications net loss of Rs 260.81 crore in Q4 March 2017, higher than net loss of Rs 256.95 crore in Q4 March 2016. Total income rose 7.64% to Rs 5116.48 crore in Q4 March 2017 over Q4 March 2016.

Tata Communications along with its subsidiaries is a leading global provider of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

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Tata Power Company launches super efficient ceiling fan program
Jun 05,2017

Tata Power Company has launched super efficient ceiling fan program for its residential consumers in Mumbai as part of its Demand Side Management Initiatives on occasion of World Environment Day. The program has been rolled out in partnership with Atomberg Technologies, an award winning set up launched by the alumini of IIT - Mumbai.

The ceiling fans named Gorilla are based on brushless DC technology, consuming just 28 watts at the highest speed. Under this program, each residential consumer is eligible to procure 4 ceiling fans at a price of Rs 1750 each, against market price of Rs 3500 per fan.

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Steel Strip Wheels announces sales performance
Jun 05,2017

Steel Strip Wheels has achieved total wheel rim sales of 11.19 lakh compared to 11.51 lakh in May 2017, representing a decline of 3%. The drop was majorly due to the commercial vehicle adjustment for BS-IV , which is expected to pick up in June 2017 onwards the production started picking up from mid May 2017. In terms of value, the company has achieved gross turnover of Rs 107.75 crore in May 2017 compared to 125.47 crore in May 2016, there by recording a drop 17% and achieved a net turnover of Rs 94.49 crore in May 2017 compared to Rs 112.61 crore in May 2016, recording a drop of 16%.

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Conair migrates to Ramco Systems Aviation Suite v5.7
Jun 05,2017

Ramco Systems announced that Conair (Canadas most experienced specialty aircraft operations provider) has upgraded to the Series 5 version of Ramco Systems Aviation Suite, in order to utilize the advanced features of the product and benefit from increased productivity.

Ramco Aviation Suite V5.7 has brought automation across Maintenance & Engineering, Supply Chain Management, MRO Sales and Finance, coupled with Smart Operations & Smart Search. The application has helped in providing seamless integration along with comprehensive features matching Conairs requirements.

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Uflex provides product update
Jun 05,2017

Uflex announced that it has been able to optimise cell structures of laser engraved rotogravure cylinders to an extent that can actually result in about 20-25% less ink consumption that what the electromechanically engraved counterpart would require in order to render the same image resolution and enhancement. This improvement effectively gets more print coverage with lesser amount of ink.

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