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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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Mahindra & Mahindra Financial Services to invest up to Rs 25 crore in Orizonte Business Solutions
Jul 26,2017

The Committee of Directors of Mahindra & Mahindra Financial Services at its meeting held on 26 July 2017 has approved the investment of an amount not exceeding Rs. 25 crore in the Equity Share Capital of Orizonte Business Solutions, in one or more tranches.

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Nestle India fixes record date for 2nd interim dividend
Jul 26,2017

Nestle India has fixed 03 August 2017 as record date for 2nd interim dividend.

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Nestle India to pay 2nd interim dividend
Jul 26,2017

Nestle India announced that second interim dividend will be paid on and from 16 August 2017.

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Board of Siyaram Silk Mills approves sub-division of shares
Jul 26,2017

Siyaram Silk Mills announced that the Board at its meeting held on 26 July 2017, inter alia, has approved the sub-division of each of the Equity Shares of the Company having a face value of Rs. 10/- (Rupees Ten only) into 5 (Five) Equity Shares having a face value of Rs. 2/- (Rupees Two only) each.

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ICICI Prudential Life Insurance Company announces change in director
Jul 26,2017

ICICI Prudential Life Insurance Company has appointed R K Nair as an Independent (Additional) Director of the Company on 25 July 2017. Further, Prof. Marti G Subramanyam has completed his tenure as an Independent Director on 25 July 2017.

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Maruti Suzuki India launches its first NEXA Service workshop in Gurugram
Jul 26,2017

Maruti Suzuki India announced that the first NEXA Service workshop has been launched at Gurugram. Nexa Service will be expanded in phases, and Maruti Suzuki expects that nearly 300 NEXA Service workshops will be in operations by 2020.

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Tata Consultancy Services partners with Element Fleet Management
Jul 26,2017

Tata Consultancy Services announced that Element Fleet Management has leveraged TCSs experience in Digital Reimagination to deliver Xcelerate, Elements next-generation fleet management system, for its 2800+ customers in the United States, Canada and Mexico.

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Sonata Softaware extends engagement with Microsoft
Jul 26,2017

Sonata Softaware announced that Microsoft has recognised the Company as a Microsoft ISV Development Center. The Microsoft ISV Development Centers (Dev Centers) were established to provide strong third party technical services that can be contracted and leveraged by Microsofts partners. These independently owned and operated Dev Centers have gone through rigorous vetting and reference checking.

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Investment of EPFO Funds in ETFs was Rs 14,984 crore in FY17
Jul 26,2017

The investment limit in ETFs has been recommended to be raised from 10 per cent to 15 per cent by the Central Board of Trustees, Employees Provident Fund in its 218th meeting held on 27 May 2017. Accordingly, the estimated investment in ETF for the current Financial Year is approximately Rs. 22,500 crore. 

The details of investment in Exchange Traded Funds (ETFs) during 2015-16 & 2016-17 are as under: 

2015-16 (Fig. in Rs. Crore)

SBI Nifty 50 ETF

4,922

SBI Sensex ETF

1,655

Total

6,577

 2016-17(Fig in Rs. Crore)

SBI Nifty 50 ETF

7,912

SBI Sensex ETF

2,691

UTI Nifty 50 ETF

1,911

UTI Sensex ETF

662

CPSE ETF

1,808

Total

14,984

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Katwa Udyog renamed as Shri Keshav Cements & Infra
Jul 26,2017

Katwa Udyog has been renamed as Shri Keshav Cements & Infra with effect from 01 August 2017.

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Board of Swarnsarita Gems accepts resignation of director
Jul 26,2017

The Board of Swarnsarita Gems at its meeting held on 26 July 2017 has taken on record the resignation tendered by Sunil Ghewarlal Jain, the Whole Time Director of the Company from the Directorship of the Company w.e.f. 26 July, 2017 after the closure of business working hours.

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L&T Finance Holdings allots 4,97,125 equity shares
Jul 26,2017

L&T Finance Holdings announced that the Board of Directors of the Company at its meeting held on 26 July 2017 has approved the appointment of 4,97,125 (Four Lakhs Ninety Seven Thousand and One Hundred Twenty Five) equity shares to those option grantees who had exercised their options under various schemes.

The said shares will rank pari-passu with the existing equity shares of the Company in all respects.

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Sintex Industries gets assigned ratings for credit facilities
Jul 26,2017

Sintex Industries has been assigned the following ratings by CARE Ratings -

Long term bank facilities - CARE A; Stable
Non fund based long/ short term bank facilities - CARE A; Stable/ CARE A1
Non convertible debentures - CARE A; Stable
Short term debt/ commercial paper (carved out) - CARE A1
Short term debt/ commercial paper (standalone) - CARE A2+

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Viji Finance revises record date for bonus issue
Jul 26,2017

Viji Finance has rescheduled the record date for issue of bonus share on 07 August 2017 instead of 08 August 2017.

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SSPDL to co-develop premium residential apartment project
Jul 26,2017

SSPDL has signed a Joint Development Agreement for the development of premium residential apartments in Prithvi Avenue, Chennai. The total area of the development is about 14,500 sq. ft with 25% being SSPDL share. The approximate sale value of the apartments is Rs 32 crore and SSPDLs share is Rs 8 crore. The project is expected to be completed in about 18 months from date of necessary approvals.

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