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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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Lumax Industries drops on profit booking
Jan 13,2017

Meanwhile, the S&P BSE Sensex was down 9.10 points or 0.03% at 27,238.06

On BSE, 38,000 shares were traded in the counter as against average daily volume of 9,764 lakh shares in the past two weeks. The stock had hit a high of Rs 1,073 and a low of Rs 990. The stock had hit a record high of Rs 1,083.30 on 12 January 2017. The stock had hit a 52-week low of Rs 356.50 on 12 February 2016.

The small-cap company has equity capital of Rs 9.35 crore. Face value per share is Rs 10.

Lumax Industries consolidated net profit rose 38.53% to Rs 17.76 crore on 1.82% rise in total income to Rs 310.80 crore in Q2 September 2016 over Q2 September 2015.

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a variety of diverse applications.

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Board of IGC Foils appoints company secretary
Jan 13,2017

IGC Foils announced that at the meeting of the Board of Directors of the Company held on 13 January 2017, the following transactions had been approved in the board meeting:-

- Appointment of Ratan Kumar Sharma as Company Secretary of the Company w.e.f. 16 January 2017.

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Board of V2 Retail to consider December quarter results
Jan 13,2017

V2 Retail announced that the meeting of the Board of Directors of the Company will be held on 25 January 2017, for the purpose of considering and adopting the unaudited Financial Results along with limited review report for the quarter ended 31 December 2016.

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Seshasayee Paper & Boards to announce December quarter results
Jan 13,2017

Seshasayee Paper & Boards announced that a meeting of the Board of Directors of the Company will be held on 04 February 2017 to take on record the Un-audited Financial Results (Provisional) of the Company for the quarter ended 31 December 2016.

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Alka Diamond Industries Board to consider December quarter results
Jan 13,2017

Alka Diamond Industries announced that the meeting of the Board of Directors of the Company is scheduled to be held on 24 January 2017, inter alia, to consider, approve and take on record the Unaudited Financial Results for the quarter ended 31 December 2016.

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Choksi Imaging to announce Q3 and 9M results
Jan 13,2017

Choksi Imaging announced that a meeting of Board of Directors of the Company will be held on 24 January 2017 to consider inter alia the Unaudited (Provisional) Financial results subject to Limited review for the quarter and nine month ended 31 December 2016.

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EPF Statutory dues for the month of December can be paid by 20th January 2017
Jan 13,2017

Considering the issues arising out of stabilisation of the Unified Portal for employers with UAN Based simplified Electronic Challan cum Return filing system the remittance for the month of December 2016 can be paid by 20th January 2017.

The Portal was launched by EPFO on 23.12.2016, which helps in submission of UAN based returns and challans. It has been noticed that due to increased traffic on the portal, many employers have faced some difficulty in upfront allotment of UAN, connectivity/login issues, website slowing down and also unfamiliarity of the new processes. The Statutory dues are to be paid by 15th of every month.

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Board of Koffee Break Pictures to consider December quarter results
Jan 13,2017

Koffee Break Pictures announced that the Board of Directors meeting will be held on 23 January 2017 to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Outcome of board meeting of National Steel & Agro Industries
Jan 13,2017

National Steel & Agro Industries announced that the Board of Directors of the Company at its meeting held on 13 January 2017 has taken on record launch of two new products Nationalume Corrugated Sheet - KAWACH and Colour Coated Profile Sheets - RANGOLI. The Board also appointed Shrikant S Tirpude as Nominee Director of IDBI Bank and accepted resignation of Munish Mohan as Nominee Director of IDBI Bank.

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Tata group stocks gain as N Chandra appointed as new Chairman of Tata Sons
Jan 13,2017

Trent (up 9.39%), Tata Metaliks (up 1.14%), Tata Global Beverages (up 2.6%), Tata Chemicals (up 0.55%), Tata Investment Corporation (up 0.36%), Tata Power Company (up 0.13%), Tata Sponge Iron (up 0.54%), Tata Teleservices (Maharashtra) (up 0.51%), Tata Coffee (up 5.97%) and Rallis India (up 1.81%) edged higher.

Tata Motors (down 0.77%), Tata Steel (down 0.26%), Tata Communications (down 0.11%) and Tinplate Company of India (down 0.24%) fell.

TCS lost 3.73% after consolidated net profit rose 2.9% to Rs 6778 crore on 1.5% increase in revenue to Rs 29735 crore in Q3 December 2016 over Q2 September 2016. The result was announced after market hours yesterday, 12 January 2017. The results are as per International Financial Reporting Standards (IFRS).

Meanwhile, the S&P BSE Sensex was down 8.04 points, or 0.03% at 27,239.12

TCS had after market hours yesterday, 12 January 2017 announced that Rajesh Gopinathan has been appointed as Chief Executive Officer (CEO) and Managing Director of the company. Gopinathan takes over from N Chandrasekaran who has been appointed as the Chairman of Tata Sons.

Earlier, Tata Sons had in October 2016 replaced Cyrus P. Mistry as chairman of Tata Sons. The board had named Ratan N. Tata as interim chairman of Tata Sons at that time. The board had constituted a selection committee to choose a new chairman. The committee was mandated to complete the selection process in four months.

Tata Sons is the promoter of the major operating Tata companies and holds significant shareholdings in most of these companies.

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Board of Farry Industries appoints company secretary
Jan 13,2017

The Board of Directors of Farry Industries at its meeting held on 13 January 2017 appointed Swati Dhanukaas as Company Secretary with effect from 16 January 2017.

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Board of Intellect Design Arena approves rights issue up to Rs 200 crore
Jan 13,2017

Intellect Design Arena announced that the Board of Directors of the Company at its meeting held on 13 January 2017 approved the following -

a) Raising of funds by way of issue of equity shares to the existing shareholders of the company on a rights basis (Rights Issue) upto Rs. 200 crore, subject to all applicable Statutory and Regulatory approvals

b) Adoption of Re-stated financial statements for the last five years

c) Stub-period financials for the half year ended 30 September 2016

d) Taking on record Draft Letter of Offer (DLOF) to be filed with SEBI.

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Board of Intellivate Capital Advisors to consider Q3 and 9M results
Jan 13,2017

Intellivate Capital Advisors announced that a meeting of the Board of Directors of the Company is scheduled to be held on 23 January 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the Quarter and Nine Months ended 31 December 2016.

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Board of BNK Capital Markets to consider Q3 results
Jan 13,2017

BNK Capital Markets announced that the Meeting of the Board of Directors of the Company will be held on 28 January 2017 to consider among other things the Un-Audited Financial Results for the 3rd quarter ended on 31 December 2016.

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Board of Tamilnadu Jai Bharath Mills appoints company secretary
Jan 13,2017

The Board of Directors of Tamilnadu Jai Bharath Mills at its meeting held on 13 January 2016 has appointed M V Mahadevan as Company Secretary and Compliance Officer of the Company with effect from 13 January 2017.

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