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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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ICICI Bank proposes issuance of senior unsecured long term bonds
Jun 15,2017

The Committee of Executive Directors of ICICI Bank to consider fund raising by way of issuance of senior unsecured long term bonds in the nature of debentures in single/multiple tranches on private placement basis on 20 June 2017.

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USFDA refuses admission to APIs manufactured by Ipca Laboratories
Jun 15,2017

Ipca Laboratories has received a communication from USFDA stating that all the drugs manufactured at the Companys API manufacturing facility at Ratlam (Madhya Pradesh) will be henceforth refused admission into United States (except API Chloroquine Phosphate, which will be reconsidered if shortage and/or medical necessity implication change) until the Company can demonstrate that the drugs manufactured at this manufacturing site and intended for the US market are in compliance with cGMP.

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USFDA refuses admission to drugs manufactured by Ipca Laboratories
Jun 15,2017

Ipca Laboratories announced that it has received a communication from USFDA stating that all the drugs manufactured from the Companys manufacturing units situated at SEZ Indore (Pithampur) and Piparia (Silvassa) will be henceforth refused admission into the United States until the Company can demonstrate that the drugs manufactured sites and intended for the US market are in compliance with cGMP.

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South Indian Bank revises MCLR rates
Jun 15,2017

South Indian Bank has revised the MCLR rates with effect from 20 June 2017 as under -

Overnight - 8%
One month - 8.10%
Three month - 8.25%
Six month - 8.55%
One year - 9.10%

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Deepak Fertilizers & Petrochemicals Corp to receive pending subsidy of Rs 310.52 cr
Jun 15,2017

Deepak Fertilizers & Petrochemicals Corp has received an intimation that Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India would release the balance withheld amount of Rs. 310.52 crores on providing a Bank Guarantee of equivalent amount.

In June 2016, the Company had intimated about withholding of subsidy by Department of Fertilisers (DOF), Ministry of Chemicals and Fertilisers, Government of India wherein an amount of Rs.310.52 crore was withheld pending decision on recovery of alleged undue gain on account of supply of cheap gas

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Board of Canara Bank approves raising of capital
Jun 15,2017

The Board of Canara Bank at its meeting held on 15 June 2017 has permitted the Bank to raise Capital at an appropriate time subject to necessary approvals and eligibility as per the following details :

- Equity capital up to Rs. 3500 crore, inclusive of premium to be decided, by way of Qualified Institutional Placement / Rights Issue / Preferential Allotment / Follow-on Public Offer / any other mode approved by Reserve Bank of India / Government of India;

- Basel III Compliant Additional Tier I Bonds up to Rs. 1800 crore; and

- Basel III Compliant Tier II Bonds up to Rs. 1000 crore;

The bank would seek the approval of the shareholders for raising of Equity Capital in the ensuing AGM of the Bank.

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Board of Corporate Courier & Cargo approves allotment of share on conversion of loan
Jun 15,2017

Corporate Courier & Cargo announced that the Board of Directors of the Company at its meeting held on 15 June 2017 have approved allotment of 12 lakh equity shares at an issue price of Rs 14.50 per share (including a premium of Rs 4.50 per share) on preferential basis upon conversion of unsecured loan outstanding.

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Modipon appoints nominee director
Jun 15,2017

Modipon has announced appointment of Ranvir Prasad as an Nominee Director (Non-Executive) with effect from 16 May 2017.

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Modipan announces resignation of Nominee Director
Jun 15,2017

Modipan has received resignation letter from the Hemant Kumar Singh as Nominee Director of the Company with effect from 16 May 2017.

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Bharat Financial Inclusion allots 34,454 equity shares
Jun 15,2017

Bharat Financial Inclusion allots 34,454 equity shares of Rs.10/- each to the employees of the Company who have exercised options under various Stock Option Plans. The said shares shall rank pari-passu with the existing equity shares of the Company in all respects.

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Board of Mega Nirman & Industries appoints CFO
Jun 15,2017

The Board of Mega Nirman & Industries has appointed Dinesh Kumar Gupta as Chief Financial Officer of the Company with immediate effect.

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D B Corp and Diligent Media Corporation mutually terminate publication license agreement
Jun 15,2017

D B Corp (DBCL) had entered into publication license agreements with Diligent Media Corporation (DMCL) whereby DMCL had granted an exclusive license to DBCL to print, edit, publish, circulate and market the newspaper titled DNA - Daily News & Analysis together with its supplements in the cities of Jaipur and Ahmedabad.

D B Corp and DMCL have now mutually decided to terminate the agreements with effect from close of business hours on 15 June 2017 and consequently DBCL will stop publication of DNA newspaper from abovesaid cities from 16 June 2017 and onwards.

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GCCL Infrastructure & Projects announces resignation of director
Jun 15,2017

GCCL Infrastructure & Projects announced that Dinesh Patel as Non Executive, Independent Director has resigned from the Board with effect from 01 June 2017.

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Excel Castronics announces resignation of company secretary and compliance officer
Jun 15,2017

Excel Castronics announces the resignation of Company Secretary and Compliance Officer, Jaykumar Belani with effect from 30 May 2017.

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Shailja Commercial Trade Frenzy proposes sub-division of shares
Jun 15,2017

Shailja Commercial Trade Frenzy proposes to split face value of Equity Shares from Rs. 10 to Re 1. The Board will consider the proposal on 23 June 2017.

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