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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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Sumeet Industries consolidated net profit rises 228.15% in the September 2016 quarter
Oct 17,2016

Net profit of Sumeet Industries rose 228.15% to Rs 15.62 crore in the quarter ended September 2016 as against Rs 4.76 crore during the previous quarter ended September 2015. Sales rose 20.42% to Rs 347.72 crore in the quarter ended September 2016 as against Rs 288.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales347.72288.76 20 OPM %10.247.83 - PBDT26.9910.06 168 PBT20.785.13 305 NP15.624.76 228

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Dilip Buildcon wins three awards
Oct 17,2016

Dilip Buildcon announced that in the 6th Construction Week India Awards 2016, Dilip Buildcon and its Managing Director Dilip Suryavanshi, has been conferred with three prestigious awards namely;
1. ROAD CONTRACTOR OF THE YEAR
2. INFRASTRUCTURE PERSON OF THE YEAR- DILIP SURYAVANSHI
3. ROAD AND HIGHWAYS PROJECT OF THE YEAR.

Being one of the most noted International magazine Construction Week organises the distinguished n++Construction Week India Awards annually.

The awards recognise Corporate prowess, individual excellence, Project execution, with special focus on timely completion, quality of construction as well as larger Socio-economic contribution and sustainable construction practices by the Companies in Construction and Infrastructure Development Sector.

The 2016 edition of the Awards, garnered 350 entries across 18 Categories of Awards from amongst the leading Construction and Infrastructure Companies of the country.

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DRI makes seizure of about Rs 12.91 crore including 21 kg Gold worth Rs. 6.47 crore, and Indian Currency notes worth Rs 6.44 crore
Oct 17,2016

The Delhi Zonal Unit (DZU) of the Directorate of Revenue Intelligence (DRI), Ministry of Finance seized 20.64 kilogram gold and Indian currency notes worth Rs 6.44 crore from a shop in the old Delhi area.

The gold is valued at about Rs. 6.47 crore, of which 20 bars are of 1 kg each with foreign markings and of 995 purity. Searches also resulted in recovery of Rs 6.44 crore of Indian currency notes, being the sale proceeds of smuggled gold. The total value of the seizure is about Rs 12.91 crore. Two persons have been arrested and remanded to judicial custody. Further investigation is in progress.

DRI continues with its drive against smuggling and black money and has achieved significant results in the recent past. Last month, the Delhi Zonal Unit of DRI had made a record detection of smuggling of gold of about 7,000 Kilograms, valued at about Rs 2,000 crore and had arrested two persons. The main kingpin has also been detained under the Conservation of Foreign Exchange and Prevention of Smuggling Act (COFEPOSA), 1974.

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Australia Market sinks 0.83%
Oct 17,2016

Australian share market stumbled on Monday, 17 October 2016, on risk-off selloff across the board, with gaming, realty, utilities, pharma, industrial, and resources stocks leading losses. At the closing bell, the benchmark S&P/ASX 200 index declined 45.30 points, or 0.83%, to 5,388.70, while the broader All Ordinaries index was down 47.60 points, or 0.86%, to 5,470.90. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 682 to 385 and 306 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.38% to 14.602.

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Japan Market gains on yen easing
Oct 17,2016

The Japan share market finished higher after swinging between gains and losses on Monday, 17 October 2016, on the back of positive lead from Wall Street last Friday and the yens moderate easing against the dollar. However, market topside capped amid a wait-and-see mood before the release of key U.S. economic data this week and earnings from Japanese firms that fully kick off next week. The 225-issue Nikkei average gained 43.75 points, or 0.26%, to close at 16,900.12. The Topix index of all first-section issues ended up 5.37 points, or 0.4%, at 1,352.56. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1841 to 1031 and 410 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.55% to 19.90.

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China Stocks drop 0.85%
Oct 17,2016

Mainland China stock market finished the session down on Monday, 17 October 2016, with sentiment soured by a late-afternoon tumble in Shanghais U.S. dollar-denominated B shares as the yuan continued to weaken. All main sectors fell, with real estate shares leading the decline. The CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 0.85%, to 3,277.88 points, while the Shanghai Composite Index declined 0.74% to 3041.17 points.

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Hong Kong Stocks fall 0.84%
Oct 17,2016

The Hong Kong stock market closed down on Monday, 17 October 2016, on tracking weak cues from other regional bourses, with casino-related stocks leading losses on news that Chinese authorities detained employees at casino operator Crown Resorts for suspected gambling crimes. The Hang Seng Index was down 0.84% or 195.77 points to 23,037.54, while the Hang Seng China Enterprises Index dropped 0.63% or 60.32 points to 9,541.08. Turnover decreased to HK$53.6 billion from HK$60.3 billion on Friday.

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FPIs press sales
Oct 17,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 946 crore into the secondary equity markets on 14 October 2016, higher than their net sales of Rs 847.62 crore during the preceding trading session on 13 October 2016. The net outflow of Rs 946 crore on 14 October 2016 was a result of gross purchases of Rs 3990.40 crore and gross sales of Rs 4936.40 crore. On that day, the Sensex rose 30.49 points or 0.11% to settle at 27,673.60, its highest closing level since 10 October 2016.

There was a net inflow of Rs 0.59 crore into the category primary markets & others on 14 October 2016, which was a result of gross purchases of Rs 0.59 crore and zero gross sales.

FPIs have sold stocks worth a net Rs 2122.08 crore into the secondary equity markets in this month so far (till 14 October 2016). FPIs bought shares worth a net Rs 7217.88 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 44307.19 crore from the secondary equity markets in calendar year 2016 so far (till 14 October 2016). FPIs sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 1356.44 crore from FPIs into the category primary markets & others in this month so far (till 14 October 2016). There was a net inflow of Rs 3225.37 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 6220.15 crore in calendar year 2016 so far (till 14 October 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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Fruition Venture to hold board meeting
Oct 17,2016

Fruition Venture will hold a meeting of the Board of Directors of the Company on 25 October 2016 un-audited Financial Results for the quarter (Provisional) ended September 30, 2016.

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Mangalam Seeds to hold board meeting
Oct 17,2016

Mangalam Seeds will hold a meeting of the Board of Directors of the Company on 22 October 2016 to take on record the Unaudited Financial Results of the Company for the half year ended on September 30, 2016.

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TD Power Systems to hold board meeting
Oct 17,2016

TD Power Systems will hold a meeting of the Board of Directors of the Company on 3 November 2016 Unaudited Financial Results for the quarter and half year ended September 30, 2016

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Radhe Developers (India) to hold board meeting
Oct 17,2016

Radhe Developers (India) will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and approve the Un-audited Financial Results for the second quarter and half-year ended on September 30, 2016.

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Axis Bank reduces MCLR rates
Oct 17,2016

Axis Bank has reduced the MCLRs by 5 bps across all tenures with effect from 18 October 2016.

Overnight - 8.80%
One month - 8.85%
Three months - 9.05%
Six months - 9.15%
One year - 9.20%.
Two years - 9.30%
Three years - 9.35%

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Safal Securities to hold EGM
Oct 17,2016

Safal Securities announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 November 2016 .

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West Leisure Resorts to hold board meeting
Oct 17,2016

West Leisure Resorts will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider the unaudited financial results of the Company for the quarter ended September 30, 2016.

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