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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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National Steel & Agro Industries standalone net profit rises 264.41% in the December 2016 quarter
Jan 13,2017

Net profit of National Steel & Agro Industries rose 264.41% to Rs 4.30 crore in the quarter ended December 2016 as against Rs 1.18 crore during the previous quarter ended December 2015. Sales rose 14.45% to Rs 964.15 crore in the quarter ended December 2016 as against Rs 842.39 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales964.15842.39 14 OPM %4.054.15 - PBDT11.035.50 101 PBT6.821.80 279 NP4.301.18 264

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Per capita availability of milk in India is 337 gram/day as compared to the average world per capita availability of 229 gram/day
Jan 13,2017

Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh has said that milk production has become a major economic activity amongst rural households and farmers are adopting dairying along with agriculture for augmenting their incomes.

Shri Radha Mohan Singh said that about 70 million rural households are engaged in milk production. The small and marginal farmers & landless labourer produce about one to three litres of milk per day and are responsible for production of most of the milk for the country. About 78 percent farmers in India are small and marginal, who own about 75 percent of female bovine but own only 40 percent farm land. Milk contributes to one third of gross income of rural households and in case of landless its contribution is half in their gross income.

Agriculture Minister said that India continues to hold the number one position among milk producing nations of the world since 1998. India has largest bovine population in the world (18.4 percent share). Milk production in India has increased from 22 million tonne in 1970 to 156 million tonne in 2015-16, which shows a growth of 700 percent during last 46 years. As a result, the per capita availability of milk in India is 337 gram/day as compared to average world per capita availability of 229 gram/day.

Shri Singh said that during last two years 2014-16, milk production has registered a growth rate of 6.28 percent, which is more than last year growth rate of about 4 percent and more than three times higher than the world growth average of 2.2 percent. If wheat and paddy is combined together, even then, in Gross Value Addition (GVA) of Rs.4.92 crore in 2014-15, the contribution of milk is more than 37 percent. About 54 percent of milk produced in the country is surplus, out of which about 38 percent is handled by the organized sector. The Co-operatives and private dairy organisations have equal share in it. Shri Singh said that women participation in dairying is about 70 per cent.

Union Agriculture Minister said that in order to encourage the farmers for increasing milk production, it is imperative that milk collection facilities need to be upgraded and farmers be given remunerative price for their produce. This is possible only when an effective management system is in place to link the farmers to the market. Shri Singh said that BPL households, small and marginal farmers will be encouraged to rear descript indigenous breeds.

Shri Radha Mohan Singh said that the National Bovine Breeding and Dairy Development Programme (NPBBDD) has been started in 2014-15 converging four existing programmes. The objective of this programme is to prepare a comprehensive and scientific programme to meet the increasing demand for milk. The programme has two components - National Bovine Breeding programme (NPBB) and National Dairy Development Programme (NPDD). The NPBB focusses on expanding field coverage for artificial insemination network, monitoring of programmes for indigenous breed development and conservation in the breeding areas. The NPDD is focusing on creating and strengthening of infrastructure for milk unions/federations for production, procurement, processing & marketing of milk and training of dairy farmers and extension.

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BSNL partners with Tata Communications
Jan 13,2017

Bharat Sanchar Nigam has partnered with Tata Communications to deliver a high-quality mobile experience and accelerate how its subscribers use Wi-Fi internationally. In an industry first, BSNL hasdeployed Tata Communications Wi-Fi+, Wi-Fin++ cloud communication solution, giving its subscribers seamless access to 44 million Wi-Fi hotspots in more than 100 countries including international flights and rail systems.

Wi-fi+ allows BSNL subscribers access to the single largest global Wi-Fi network in the world while travelling outside India. Typically accessing Wi-fi hotspots is very cumbersome and requires the user to remember multiple passwords. With Wi-fi+, BSNL users will have to register just once to automatically connect to the closest participating Wi-Fin++ hotspot, even if they travel to a different city, country or continent.

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Maruti Suzuki India launches premium urban compact vehicle - IGNIS
Jan 13,2017

Maruti Suzuki India launched the much awaited premium urban compact vehicle for the millennials, IGNIS on 13 January 2017.

IGNIS is built on a new generation rigid platform embodying Suzuki Total Effective Control Technology (TECT) for occupant protection. The Company, alongwith its suppliers, has invested over Rs 950 crore towards development of IGNIS. IGNIS comes with 98.5% localization.

IGNIS ex-showroom (Delhi) introductory price starts from Rs 4.59 lakh onwards for Sigma variant (petrol manual).

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Alankit enters into agreement with NSDL e-governance Infrastructure
Jan 13,2017

Alankit has entered into an agreement with NSDL e-governance Infrastructure (NSDL e-Gov) to act as a facilitation centre (TWFC) for collecting and forwarding specified data required for CDRS, established on behalf of the National Handloom Development Corporation (NHDC), Ministry of Textiles, Govt. of India (MOT).

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Goa Carbon fixes record date for interim dividend
Jan 13,2017

Goa Carbon announced that the Company has fixed 25 January 2017 as the Record Date for the purpose of payment of interim dividend. Interim dividend shall be paid / dispatched on or before 08 February 2017.

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HCL Technologies fixes record date for 4th interim dividend
Jan 13,2017

HCL Technologies has fixed 02 February 2017 as the Record Date for the purpose of Payment of 4th Interim Dividend.

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Page Industries fixes record date for 3rd interim dividend
Jan 13,2017

Page Industries has fixed 17 February 2017 as the Record Date for the purpose of Payment of 3rd Interim Dividend.

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Grovy India to consider December quarter results
Jan 13,2017

Grovy India announced that the meeting of the Board of Directors of the Company is scheduled to be held on 30 January 2017, inter alia :

- To consider and discuss; un-audited financial results for quarter ended on 31 December 2016 and if thought fit to approve the same.

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Sintex Industries to announce Q3 and 9M results
Jan 13,2017

Sintex Industries announced that a Meeting of the Board of Directors of the Company is proposed to be held on 20 January 2017, inter alia, for considering and approving the Unaudited Financial Results of the Company for the Quarter and Nine Months ended on 31 December 2016 (Q3).

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Board of Archies to consider December quarter results
Jan 13,2017

Archies announced that the meeting of the Board of Directors of the Company will be held on 11 February 2017, inter alia, to consider and approve the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Gujarat Lease Financing to consider Q3 and 9M results
Jan 13,2017

Gujarat Lease Financing announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 January 2017, inter alia, to consider the unaudited financial results for the quarter and nine months ended 31 December 2016.

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Selling momentum of FPIs recedes
Jan 13,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 2.98 crore into the secondary equity markets on 12 January 2017, much lower than their net outflow of Rs 678.20 crore during the preceding trading session on 11 January 2017. The net outflow of Rs 2.98 crore on 12 January 2017 was a result of gross purchases of Rs 3314.48 crore and gross sales of Rs 3317.46 crore. On that day, the Sensex rose 106.75 points or 0.39% to settle at 27,247.16, its highest closing level since 10 November 2016.

There was a net inflow of Rs 1.35 crore into the category primary market & others on 12 January 2017, which was a result of gross purchases of Rs 1.90 crore and gross sales of Rs 0.55 crore.

FPIs have sold stocks worth a net Rs 3641.51 crore in January 2017 so far (till 12 January 2017). They had sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net outflow of Rs 167.20 crore from FPIs from the category primary market & others in January 2017 so far (till 12 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Religare Enterprises to announce Q3 results
Jan 13,2017

Religare Enterprises announced that a meeting of Board of Directors is scheduled to be held on 09 February 2017, inter alia, to consider and approve the Un-audited Standalone Financials Results of the Company for the quarter ended on 31 December 2016 (Q3).

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Board of Hindustan Copper to consider increase in working capital facilities
Jan 13,2017

Hindustan Copper announced that the Board of Directors in its meeting scheduled on 16 January 2017 will inter alia consider proposal for increase in borrowing (working capital facilities) from the consortium banks/ other banks.

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