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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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Olympic Management & Financial Services to announce December quarter results
Jan 06,2017

Olympic Management & Financial Services announced that the meeting of the Board of Directors of the Company will be held on 13 February 2017 to consider the unaudited quarterly result for the quarter ended 31 December 2016.

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Board of Damodar Industries to consider December quarter results
Jan 06,2017

Damodar Industries announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017 interalia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

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Board of Apar Industries approves buyback of shares upto Rs 29.70 crore
Jan 06,2017

Apar Industries announced that the Board of Directors of the Company at its meeting held on 06 January 2017 has approved the Buyback up to 4,50,000 fully paid-up equity shares of face value of Rs. 10/- (Rupees Ten Only) each of the Company (Equity Shares) representing up to 1.17% of the outstanding equity shares of the Company at a price of Rs. 660 per Equity Share (Buyback Price) (including premium of Rs. 650/- per Equity Share) payable in cash for an aggregate amount of up to Rs. 29.70 crore (excluding Companys transaction costs viz. brokerage, securities transaction tax, service tax, stamp duty, etc.) (Buyback Size), which is 4.09% of the fully paid-up equity share capital and free reserves (including securities premium) as per the latest standalone audited balance sheet of the Company for the financial year ended 31 March 2016, on a proportionate basis through the tender offer as prescribed under the Buyback Regulations, to all of the shareholders/beneficiary owners who hold Equity Shares as of a Record Date (as defined below) (Buyback).

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Adani Power allots 13951510 Equity Shares
Jan 06,2017

Adani Power announced that the convertible warrant holders, to whom the warrants were allotted in the month of May, 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, Management Committee of the Board of Directors of the Company at its meeting held on 06 January 2017 has made allotment of total 13951510 Equity Shares of the face value of Rs. 10/- each (with a premium of Rs. 22.54 per equity share) to the said convertible warrant holders.

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United Spirits to announce Q3 results
Jan 06,2017

United Spirits announced that a meeting of the Board of Directors of the Company is scheduled to be held on 21 January 2017, inter alia, to consider the Un-audited Financial Results of the Company for the quarter and nine months ended 31 December 2016 (Q3).

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Board of Shree Digvijay Cement Co. to consider December quarter results
Jan 06,2017

Shree Digvijay Cement Co. announced that a meeting of the Board of Directors of the Company will be held on 25 January 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter ended on 31 December 2016.

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Agenda for board meeting of Kitex Garments
Jan 06,2017

Kitex Garments announced that a meeting of the Board of Directors of the Company will be held on 09 January 2017 to consider:

1. Further financial assistance from State Bank of India and
2. Additional investment in Kitex USA LLC.

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Board of DHP India to consider Q3 and 9M results
Jan 06,2017

DHP India announced that the Board Meeting of the Directors of the Company will be held on 13 February 2017 to discuss the following agenda:

1. To discussed and approve the First Nine Months & Third Quarter ended Un-audited Financial Results & Accounts (with limited review by statutory auditors) for the Nine Months & Third Quarter ended 31 December 2016.

2. To approve the proposal of CSR Committee for Expenses of CSR of F.Y. 2016-17 to be made by way of Contribution to Prime Ministers National Relief Fund.

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Board of Swagruha Infrastructure approves shifting of registered office
Jan 06,2017

Swagruha Infrastructure announced that at the meeting of the Board of Directors of the Company held on 06 January 2017, the following were duly considered and approved:

1. Shifting of Registered office from state of Telangana to State of Karnataka and alteration of MOA in respect of shifting of registered office.

2. Approval of Notice of the postal ballot.

3. Appointment of S. Sarveswar Reddy, Practicing Company Secretary as a Scrutinizer for conducting of postal ballot.

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Board of Transwarranty Finance to consider December quarter results
Jan 06,2017

Transwarranty Finance announced that a meeting of the Board of Directors of the Company will be held on 30 January 2017 to transact inter alia and approve the unaudited financial results for the quarter ended 31 December 2016.

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Syndicate Bank revises MCLR rates
Jan 06,2017

Syndicate Bank has revised tenor-wise MCLR of the Bank with effect from 10 January 2017 as under -

Overnight - 8.30%
One month - 8.35%
Three month - 8.40%
Six month - 8.60%
One year - 8.75%

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Religare Enterprises provides update on divestment of Cerestra Advisors
Jan 06,2017

Religare Enterprises announced that RGAM Investment Advisers, a wholly-owned subsidiary of the Company, has entered into definitive agreements on 05 January 2017 for the divestment of its stake in its wholly-owned subsidiary, Cerestra Advisors , with (i) TCP-CERESTRA, a company registered under the laws of Cayman Islands; [ii] CERESTRA MANAGERS, a company registered under the laws of India; and (iii) ELEPHANT INDIA FINANCE, a Company registered under the laws of India.

The transaction is expected to be closed by 28 February 2017 following the receipt of all required regulatory approvals.

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Natco Pharma gets final approval for generic version of Bendamustine Hydrochloride powder for Injection
Jan 06,2017

Natco Pharma has received the final approval of Abbreviated New Drug Application (ANDA) containing a paragraph IV certification filed with the U.S. Food and Drug Administration (FDA) for generic version of Bendamustine Hydrochloride powder for Injection, 25 mg/Vial and 100 mg/Vial (Singe-Dose Vial).

Pursuant to the settlement of the Paragraph IV litigation, NATCO plans to launch this drug on November 1, 2019, or earlier under certain circumstances, through its marketing partner Breckenridge Pharmaceutical, Inc., in the USA market.

Natco and Breckenridge filed their ANDA with a Paragraph IV certification on the first-to-file date and expect to share 180-day exclusivity with other ANDA first filers.

Cephalon (acquired by Teva in 2011) sells Bendamustine Hydrochloride powder for Injection, 25 mg/Vial and 100 mg/Vial (Singe-Dose Vial) under Brand name TREANDAn++ in the USA market. TREANDAn++ is indicated for the treatment of patients with chronic lymphocytic leukemia (CLL) and non-Hodgkins lymphoma. TREANDAn++ had U.S. sales of approximately $133 Million for twelve months ending November, 2016, according to IMS Health.

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SREI Equipment Finance closes public issue of NCDs
Jan 06,2017

SREI Infrastructure Finance announced that its subsidiary, SREI Equipment Finance has exercised the option of early closure of the Public Issue of Secured Redeemable Non-Convertible Debentures and the Issue shall now close on 06 January 2017. The Issue opened for subscription on 03 January 2017 and was scheduled to close on 20 January 2017.

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Promact Plastics announces change in directorate
Jan 06,2017

Promact Plastics announced that Payalben J. Patel has been appointed as Managing Director of the Company in place of Jayantilal S. Patel.

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