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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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S Chand and Company to debut on bourses
May 09,2017

S Chand and Company will list on the secondary equity market today, 9 May 2017. The company priced the initial public offer (IPO) at Rs 670 per share, the top end of the Rs 660 - Rs 670 per share price band for the IPO. The IPO closed on 28 April 2017. It was subscribed 59.49 times, with total bids for 45.72 crore shares.

On a consolidated basis, Bharti Infratels net profit fell 16.95% to Rs 596.60 crore on 13.20% increase in net sales to Rs 1605.30 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 8 May 2017.

ABB Indias net profit rose 3.2% to Rs 88.17 crore on 8.4% increase in net sales to Rs 2146.04 crore in Q1 March 2017 over Q1 March 2016. The orders received in Q1 March 2017 was Rs 2342 crore. An order backlog of Rs 12023 crore, as on 31 March 2017, provides solid visibility for future revenue, the company said in a statement. The result was announced after market hours yesterday, 8 May 2017.

Novartis India announced that Novartis AG (NVS AG) entered into an asset sale agreement with Torrent Pharmaceuticals, pursuant to which NVS AG has agreed to sell to Torrent Novartis brand (Regestrone) including the intellectual property rights residing in the related product dossier. The transaction was approved by the Competition Commission of India on 20 April 2017. Accordingly it may be noted that, effective 8 May 2017, Novartis India will cease to have the ability to market or otherwise use the brand in any manner whatsoever. The announcement was made after market hours yesterday, 8 May 2017.

Smartlink Network Systems said it has made an additional investment of Rs 1 crore in its wholly owned subsidiary Telesmart SCS. The announcement was made after market hours yesterday, 8 May 2017.

Eros International Media announced that it signed a significant television syndication deal with Zee, a leading Indian global television network, for a slate of its forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made after market hours yesterday, 8 May 2017.

The multi-film deal with Zee gives the channel syndication rights to the third installment of one of the most impactful franchises of Indian cinema, Ram Gopal Varmas Sarkar 3 starring Amitabh Bachchan which will be released worldwide on 12 May 2017. Tiger Shroff and Sabbir Khans action-packed musical Munna Michael which is scheduled for release on 21 July 2017 and a quirky romantic comedy Shubh Mangal Savdhaan by south director RS Prasanna, starring Ayushyamann Khurana and Bhumi Pednekar, set to be release on 1 September 2017.

Skipper said it has been certified by The Equipment and Materials Test Laboratory (LAPEM). The certification was completed post visit of LAPEM representatives to the companys manufacturing units for a rigorous audit of the manufacturing and quality processes. With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market.

LAPEM is a Federal Electricity Commission (CFE) organization that provides specialized engineering studies, laboratory and field tests on equipment and materials, as well as quality management systems and supplies. CFE is owned by the Mexican Government which generates, distributes and markets electric power, for supplying Power Transmission & Distribution structures to the Mexican Market. The announcement was made after market hours yesterday, 8 May 2017.

G M Breweries turns ex-dividend today, 9 May 2017, for dividend of Rs 3 per share for the year ended 31 March 2017 (FY 2017).

GPT Infraprojects turns ex-dividend today, 9 May 2017, for interim dividend of Rs 1.50 per share for FY 2017.

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Raj Packaging Industries awarded as SME achiever of 2015-16
May 08,2017

Raj Packaging Industries has been awarded as an SME achiever of 2015-16 by the SME forum.

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Claris Lifesciences to sell 20% stake in JV Otsuka Pharmaceutical India
May 08,2017

Claris Lifesciences announced that it has entered a definitive agreement with Otsuka Pharmaceutical Factory, Inc. (Japan) to sell its 20% stake in joint venture; Otsuka Pharmaceutical India (formerly known as Claris Otsuka), for a total consideration of USD 20 million.

The closure of the transaction is subject to regulatory approvals, including FIPB, after this CLL will not have any stake in Otsuka Pharmaceutical India.

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Parry Nutraceuticals Indian microalgae facility receives USFDA approval
May 08,2017

EID Parry (India) announced that Parry Nutraceuticals (a division of EID Parry and part of the Murugappa Group) has received the US FDA approval for its India facility for organic microalgae cultivation and processing. The fully organic, 130 acres - 600 TPA facility, locatedin Oonaiyur, Pudukottai district, Tamil Nadu, has received the Establishment Inspection Report (EIR) from the US-FDA following an inspection of the facility in July 2016.

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Skipper gets entry into Mexican Power Transmission market
May 08,2017

Skipper has been certified by The Equipment and Materials Test Laboratory (LAPEM) which is a Federal Electricity Commission (CFE) organization that provides specialized engineering studies, laboratory and field tests on equipment and materials, as well as quality management systems and supplies.

CFE is owned by the Mexican Government which generates, distributes and markets electric power, for supplying Power Transmission & Distribution structures to the Mexican Market. The certification was completed post visit of LAPEM representatives to the Companys manufacturing units for a rigorous audit of the manufacturing and quality processes.

With this certification Skipper now gets an entry into the highly potential Mexican Power Transmission market.

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Lakshmi Vilas Bank revises Base Rate to 10.15% p.a.
May 08,2017

Lakshmi Vilas Bank has revised the Base Rate from 10.40% to 10.15% p.a. with effect from 08 May 2017.

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Ramky Infrastructure bags road project valued Rs 336.60 crore
May 08,2017

Ramky Infrastructure has been awarded worth Rs 336.60 crore in the State of Jharkhand by NHAI on EPC contract. The project involves four laning of Barhi-Hazaribagh section of NH-33 under NHDP Phase - III.

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Australia Stocks rise, snapping four-session retreat
May 08,2017

Australian equity market ended higher for first time in five consecutive sessions on Monday, 08 may 2017, helped by tracking a strong gain on Wall Street last Friday, with shares of the banks, mining and energy companies being major gainers. The S&P/ASX 200 finished up 34.3 points, or 0.6%, at 5870.9. The index dropped 1.5% over the course of last week.

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Japan Stocks end at 17-month high after Macron win
May 08,2017

The Japan share market finished sharply higher on Monday, 08 May 2017, as investor risk confidence build-up after pro-European Union candidate Emmanuel Macron won the French presidential election. Every industry category on the main section gained ground, led by mining, air transportation, and insurance issues. Tokyos benchmark Nikkei 225 index added 2.31 per cent, or 450.00 points, to finish at 19,895.70, its highest since December 2015. The broader Topix index of all first-section shares climbed 2.29 per cent, or 35.56 points, to 1,585.86. The market was closed for three days from Wednesday to Friday for national holidays.

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Gujarat Poly-Avx Electronics announces resignation of director
May 08,2017

Gujarat Poly-Avx Electronics announced that D D Patel, Director, Nominee of Gujarat Industrial Investment Company of the company has resigned as Nominee Director of the Company with effect from 11 July 2016.

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China Stocks fall as regulatory fears deepen
May 08,2017

The Mainland China equity market closed down on Monday, 08 May 2017, registering fifth straight falling streak, as investor fears over tightening regulations deepened, cancelling out the impact of still-solid growth in the countrys exports. Sectors fell across the board, led by infrastructure, and real estate stocks. The Shanghai Composite Index fell 24.43 points, or 0.79 percent, to 3,078.61. The Index has lost 2.41 percent over the last five trading days.

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Mangalam Cement announces demise of director
May 08,2017

Mangalam Cement announced the sad demise of Amal Ganguli, Non Executive Independent Director on 08 May 2017.

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Shree Precoated Steels announces disposal of winding up order
May 08,2017

Shree Precoated Steels announced that winding up company petition filed by Sideralba S.P.A (petitioner) against the Company has been disposed off by the Honble High Court, Mumbai by its order dated 20 April 2017. Hence, the Company is out of liquidation process with immediate effect.

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Sang Froid Labs (India) announces resignation of director
May 08,2017

Sang Froid Labs (India) announced that Keyur Majmudar (DIN: 00656071), director of the Company has resigned from his post for personal reasons with effect from 08 May 2017.

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RBL Bank allots 629,167 equity shares
May 08,2017

RBL Bank has allotted 629,167 (Six Lac Twenty Nine Thousand One Hundred & Sixty Seven) equity shares of face value Rs. 10 each on May 6, 2017 under the ESOP Schemes of the Bank. Consequent to the above allotment, the paid up share capital of the Bank has increased from 375,203,136 equity shares of Rs. 10 each aggregating Rs. 3,752,031,360 to 375,832,303 equity shares of Rs. 10 each aggregating Rs. 3,758,323,030.

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