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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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Vedanta consolidated net profit rises 17.14% in the September 2016 quarter
Oct 28,2016

Net profit of Vedanta rose 17.14% to Rs 1252.13 crore in the quarter ended September 2016 as against Rs 1068.95 crore during the previous quarter ended September 2015. Sales declined 4.13% to Rs 15665.64 crore in the quarter ended September 2016 as against Rs 16340.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15665.6416340.29 -4 OPM %29.7926.33 - PBDT4469.184225.20 6 PBT2940.332698.13 9 NP1252.131068.95 17

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UPL consolidated net profit rises 18.73% in the September 2016 quarter
Oct 28,2016

Net profit of UPL rose 18.73% to Rs 166.16 crore in the quarter ended September 2016 as against Rs 139.95 crore during the previous quarter ended September 2015. Sales rose 18.20% to Rs 3477.71 crore in the quarter ended September 2016 as against Rs 2942.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3477.712942.15 18 OPM %17.9617.91 - PBDT451.16387.68 16 PBT297.15231.21 29 NP166.16139.95 19

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GMR Airports submits bit for new International Airport in Greece
Oct 28,2016

GMR Infrastructure announced that its subsidiary, GMR Airports, has submitted the bid along with its partner GEK Terna Group of Greece of the Development, Operations and Management of New International Airport of Heraklion at Crete Island, Greece.

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Karur Vysya Bank fixes record date for sub-division of shares
Oct 28,2016

Karur Vysya Bank announced that the Board of Directors of the Bank at its meeting held on 27 October 2016, has fixed 18 November 2016 as the Record Date for the purpose of Sub-division of One Equity Share of Rs. 10/- each into 5 Equity Shares of Rs. 2/- each face value.

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Hindustan Zinc revises record date for interim dividend
Oct 28,2016

Hindustan Zinc has fixed 07 November 2016 as the Revised Record Date for the purpose of Payment of Interim Dividend.

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Colgate-Palmolive (India) to pay 1st interim dividend
Oct 28,2016

Colgate-Palmolive (India) announced that first interim dividend of Rs 4 per share for FY 2017 will be paid on 23 November 2016.

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K E C International allots NCDs aggregating Rs 250 crore
Oct 28,2016

K E C International announced that the allotment of 2500 Rated, Listed, Redeemable, Secured, Non Convertible Debentures of face value of Rs 10 lakh each, aggregating Rs 250 crore on private placement basis to various funds of HDFC Asset Management Company.

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Wockhardt fixes record date for interim dividend
Oct 28,2016

Wockhardt has fixed 19 November 2016 as the Record Date for the purpose of Payment of Interim Dividend, if declared.

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Sical Logistics intimates of contract with West Bengal Power Devp. Corpn.
Oct 28,2016

Sical Logistics has been selected as the Mine Developer and Operator for Development and Operation of Tara [East & West] Coal Mine of the West Bengal Power Devp. Corpn. through a tender process. As per the requirement of the tender, a separate SPV being 100% subsidiary of the Company viz. Sical Mining has been incorporated.

The Contract with West Bengal Power Devp. Corpn. was executed on 27 October 2016 by Sical Mining. This business is expected to generate a revenue in excess of Rs. 1500 crore during project period estimated to be around 7 years.

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84,460 more affordable houses for urban poor sanctioned for five States
Oct 28,2016

Ministry of Housing & Urban Poverty Alleviation has approved construction of 84,460 more affordable houses for urban poor under Pradhan Mantri Awas Yojana(Urban) in five States with a total investment of Rs.3,073 cr for which Central Assistance of Rs.1,256 cr has been approved.

To be built under the Beneficiary Led Construction component of PMAY (Urban), West Bengal has been sanctioned 47,379 houses with an investment of Rs.1,918 cr for which Central Assistance of Rs.711 cr has been approved.

    Punjab got 15,209 houses sanctioned with an investment of Rs.424 cr and Central Assistance of Rs. 217 cr.

    Jharkhand has been sanctioned 12,814 houses at a total cost of Rs.464 cr with Central Assistance of Rs.192 cr.

    Kerala got 5,968 houses with an investment of Rs.179 cr for which Central Assistance of Rs.89 cr has been approved.

    Manipur, for the first time has got 3,090 houses approved for construction with a total investment of Rs.88 cr with Central Assistance of Rs.46 cr.

Under the Beneficiary Led Construction component of PMAY (Urban), each eligible beneficiary belonging to Economically Weaker Sections is provided Central Assistance of Rs.1.50 lakh for expansion/upgradation of existing house as per the Guidelines.

            With these approvals, the details of affordable houses approved for the benefit of urban poor in these five States, under the four different components of PMAY (Urban) so far are:

StateTotal houses approvedTotal investment involved (Rs. Cr)Total Central Assistance

so far approved (Rs. Cr)

West Bengal1,22,2594,9461,834Jharkhand   52,9861,919  795Punjab  26,563   745  369Kerala  15,267   442  220Manipur    3,090     88    46

   With these latest approvals, a total of 10,95,804 affordable houses have been approved during the last one year under PMAY (Urban) with a total investment of Rs. 62,740 cr for which Central Assistance of Rs.16,289 cr has been approved.

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Glenmark Pharmaceuticals announces resignation of company secretary & compliance officer
Oct 28,2016

Glenmark Pharmaceuticals announced that the Board of Directors of the Company at its Meeting held on 27 October 2016 noted and approved the resignation of Sanjay Kumar Chowdhary, Company Secretary & Compliance Officer with effect from 31 October 2016.

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Corporation Bank announces MCLR
Oct 28,2016

Corporation Bank announced tenor based Marginal Cost of Funds based Lending Rates (MCLR) for all new rupee loans and advances including renewals with effect from 01 November 2016 -

Overnight - 9.00%
One month - 9.10%
Three months - 9.25%
Six months - 9.35%
One year - 9.45%

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Manappuram Finance allots equity shares
Oct 28,2016

Manappuram Finance announced that Financial Resources and Management committee of Board of Directors of the Company allotted 37200 (Thirty seven thousand and two hundred only) equity shares having face value of Rs.2/- each under the revised ESOS Scheme 2009 on 27 October 2016.

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Asian Hotels (West) to hold board meeting
Oct 28,2016

Asian Hotels (West) will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the Un-audited Financial Results of the Company for the quarter ended September 30, 2016.

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Junction Fabrics & Apparels to hold board meeting
Oct 28,2016

Junction Fabrics & Apparels will hold a meeting of the Board of Directors of the Company on 5 November 2016 Quarterly Results

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