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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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Fiberweb (India) standalone net profit rises 4583.33% in the September 2016 quarter
Oct 18,2016

Net profit of Fiberweb (India) rose 4583.33% to Rs 2.81 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 42.41% to Rs 22.06 crore in the quarter ended September 2016 as against Rs 15.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.0615.49 42 OPM %16.467.68 - PBDT3.621.18 207 PBT2.810.06 4583 NP2.810.06 4583

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Dynamic Archistructures standalone net profit declines 16.92% in the September 2016 quarter
Oct 18,2016

Net profit of Dynamic Archistructures declined 16.92% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 0.65 crore during the previous quarter ended September 2015. Sales declined 36.36% to Rs 0.42 crore in the quarter ended September 2016 as against Rs 0.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.420.66 -36 OPM %78.5790.91 - PBDT0.550.65 -15 PBT0.540.65 -17 NP0.540.65 -17

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Zensar Technologies consolidated net profit declines 22.81% in the September 2016 quarter
Oct 18,2016

Net profit of Zensar Technologies declined 22.81% to Rs 74.54 crore in the quarter ended September 2016 as against Rs 96.57 crore during the previous quarter ended September 2015. Sales rose 2.73% to Rs 770.32 crore in the quarter ended September 2016 as against Rs 749.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales770.32749.82 3 OPM %14.6616.34 - PBDT116.20142.30 -18 PBT105.10132.07 -20 NP74.5496.57 -23

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Zensar Technologies standalone net profit declines 40.80% in the September 2016 quarter
Oct 18,2016

Net profit of Zensar Technologies declined 40.80% to Rs 43.77 crore in the quarter ended September 2016 as against Rs 73.94 crore during the previous quarter ended September 2015. Sales declined 1.57% to Rs 327.36 crore in the quarter ended September 2016 as against Rs 332.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales327.36332.59 -2 OPM %21.5526.98 - PBDT69.77105.28 -34 PBT60.4097.21 -38 NP43.7773.94 -41

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Kome-on Communication reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Oct 18,2016

Net loss of Kome-on Communication reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales reported to Rs 0.02 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020 0 OPM %-50.000 - PBDT-0.010 0 PBT-0.010 0 NP-0.010 0

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Welcure Drugs & Pharmaceuticals reports standalone nil net profit/loss in the September 2016 quarter
Oct 18,2016

Welcure Drugs & Pharmaceuticals reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Bharat Seats standalone net profit rises 62.21% in the September 2016 quarter
Oct 18,2016

Net profit of Bharat Seats rose 62.21% to Rs 3.52 crore in the quarter ended September 2016 as against Rs 2.17 crore during the previous quarter ended September 2015. Sales rose 18.75% to Rs 218.57 crore in the quarter ended September 2016 as against Rs 184.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales218.57184.06 19 OPM %4.794.76 - PBDT9.357.44 26 PBT5.143.26 58 NP3.522.17 62

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Axis Bank in focus after announcing reduction in MCLR
Oct 18,2016

Axis Bank said that the bank has reduced its lending rates based on marginal cost of funds based lending rate (MCLR) by 5 basis points across all tenors effective from 18 October 2016. Axis Bank said that the banks MCLR for overnight loans will be 8.8%, the rate for one month will be 8.85% and for three months it will be 9.05%. The MCLR on 6-month loans will be 9.15% and for one-year loans the rate will be 9.2%, the bank said. MCLR on two-year loans will be 9.3% and for three-year loans the rate will be 9.35%. The announcement was made after market hours yesterday, 17 October 2016. Separately, Axis Bank announced that it has received request for redemption of $46 million - 7.167% Callable Hybrid Tier I Notes. The Notes were issued on 15 November 2006. The announcement was made after market hours yesterday, 17 October 2016.

Bharat Financial Inclusion said it issued commercial papers of an aggregate amount of Rs 100 crore on 17 October 2016, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate commercial papers outstanding as on date is Rs. 450 crore. The announcement was made after market hours yesterday, 17 October 2016.

Petronet LNG announced that the part facilities of the expansion of Dahej LNG Terminal from 10 to 1.5 MMTPA i.e. regasification facility has been commissioned and under stabilization. As such the additional gas send-out from Dahej LNG terminal has commenced. The balance part of the expansion i.e. two LNG storage tanks are likely to be completed by October 2016. The announcement was made after market hours yesterday, 17 October 2016.

Shriram EPC announced that it has been awarded contract of over Rs 61 crore from K.U.W.S. & D. Board (KUWSD), Bengaluru for providing water supply scheme to Robertsonpet (KGF) City under AMRUT. Scope of work includes providing water supply scheme to Robertsonpet (KGF) City under AMRUT. The project is to be executed over a period of 36 months. The announcement was made after market hours yesterday, 17 October 2016.

Aarti Industries said that the board of directors of the company approved the buyback up to 12 lakh shares representing up to 1.44% of paid-up capital of the company at Rs 800 per share. The announcement was made after market hours yesterday, 17 October 2016.

Indian Hume Pipe Company said that its board of directors will meet on 26 October 2016 to consider the proposal for issuing bonus shares by capitalization of free reserves. The announcement was made after market hours yesterday, 17 October 2016.

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Sagarmala funds flagship project of Ro Pax Ferry Service in Gulf of Cambay, Gujarat
Oct 17,2016

As part of promoting coastal shipping in the country under Sagarmala programme, the Ministry of Shipping has sanctioned the Capital Dredging Project for Ro Pax Ferry Services between Gogha & Dahej, in Gulf of Cambay in Gujarat. The Ministry released Rs 58.50 Crore as first installment of grant-in-aid to Gujarat Maritime Board (GMB). The total project cost is estimated to be Rs 234 Crore and of which 50% will be funded by Centre Government under the Sagarmala programme.

The project would result in reduction in motorable distance of 231 kms between Gogha & Dahej to mere 31 kms and reduce the travel time from 7 hours to 1 hour only by crossing the Gulf in Cambay in 17 Nautical Miles. The initiative would not only reduce the travel time but also result in savings in fuel, reduction in CO2 emission and reduction in road congestion.

The project is first of its kinds in India as it will be executed in the area of worlds 2nd highest tidal range. The project would open up new avenues in coastal shipping & tourism and help in socio-economic development of proximate areas. It would also help in utilisation of inland waterways through River Narmada for shipping goods from industries located upstream.

It is one of the flagship projects under Sagarmala which aims to increase share of waterways transportation in modal mix to 10 per cent from present level of 7 per cent by year 2025.

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Protocol for Undertaking Feasibility Study of Speed Raising of Nagpur-Secundrabad Railway Corridor Signed Between Indian Railways and Russian Railways
Oct 17,2016

In an important bilateral cooperation in railway sector, a Protocol for feasibility study of speed raising of Nagpur-Secundrabad Railway Corridor was signed between Indian Railways and Russian Railways on 15th Oct16 at Goa during the bilateral meeting of Shri Narender Modi, Prime Minister of India with Russian President Mr. Vladimir Putin. The Protocol covers technical and execution study for upgradation of the speed of passenger trains in Nagpur- Secundrabad section upto 200 kmph. This project will be jointly financed by Indian Railways and Russian Railways with 50% cost share of each party. The Protocol was signed by Mr. Naveen Kumar Shukla, Adviser/Mobility/Railway Board from Indian side and Mr. O V Belozerov, President, Russian Railways from Russian side.

Background

During December, 2015 an MoU was signed between Ministry of Railways and Russian Railways on Technical Cooperation in Railway Sector. The following cooperation areas were identified in the MoU:

(i) High Speed Rail (HSR) in India;

(ii) Modernization of existing lines of the Indian railways in order to raise train speeds up to 160-200 kmph;

(iii) Modern Control & Safety related Systems based on satellite navigation and digital communication means;

(iv) Satellite and geo-information technologies;

(v) Transportation safety and cyber security;

(vi) Rolling stock;

(vii) Heavy haul transportation;

(viii) Organization of Human Resources training for the Indian railways: secondary and higher vocational education of students and advanced training of staff members including managers;

(ix) Station redevelopment;

(x) Dedicated freight rail corridors;

(xi) Modernization, reconstruction and construction of track superstructure, civil engineering works, including bridges and tunnels; and

(xii) Slab tracks.

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Bhageria Industries fixes record date of stock split
Oct 17,2016

Bhageria Industries has fixed Record Date as 27 October 2016 for the purpose of sub-division of Equity Shares of the Company having face value of Rs. 10 each fully paid-up into (two) Equity shares of the face value of Rs. 5 each fully paid-up.

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Aarti Drugs fixes record date for buyback of shares
Oct 17,2016

Aarti Drugs has fixed 02 November 2016 as the Record Date for the purpose of Buyback of equity shares.

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MPC Infotecnics announces resignation of director
Oct 17,2016

MPS Infotecnics announced that Brahm Dutt Sharma, Director of the Company, has resigned from the Board of Directors of the Company, with effect from 17 October 2016.

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FM: Leading institutions especially educational institutions can play important role in creating mass awareness about issues like financial inclusion
Oct 17,2016

The Union Finance Minister Shri Arun Jaitley said leading institutions especially educational institutions can play an important role in creating mass awareness about issues like financial inclusion in the country. He said that the present Government has taken various steps in last two and a half years to link every household with a bank account. Under PMJDY, Shri Jaitley said that the Government has been able to open 240 million bank accounts and now except in certain remote and inaccessible areas, people who are in a position to connect with bank, have a bank account. The Finance Minister Shri Arun Jaitley was speaking after launching a Financial Inclusion initiative of Shri Ram College of Commerce (SRCC) titled Vittshala. SRCC is a premier educational institution in the national capital in the field of commerce and economics education in the country.

The Union Finance Minister Shri Arun Jaitley further said that the Government had launched MUDRA Yojana so that small traders, businesses and new entrepreneurs can have access to banking finance without security. He said that during the last year i.e. in 2015-16, a provision of Rs.1,20,000 crore was made under this Yojana which has been increased to Rs. 1,80,000 crore in the current Financial Year 2016-17.He said that major beneficiaries under the Scheme were women and those from weaker sections of society.

Vittshala is a Centre For Community Engagement (CCE) initiative, aimed at making communities equipped enough to manage financial resources effectively through community engagement, workshops, seminars, and discussions. Founded by a group of motivated teachers and students, the Cell wants to create an impact through its well-planned, community-oriented projects. Vittshala envisions a nation where every individual is financially literate and is empowered to act as a catalyst for economic growth.

Vittshala will act as a multi-faceted programme involving peer-counseling, developing interactive apps and events to promote financial literacy with respect to: Basics of Financial Planning, Channelisation of savings, Investments, Banking and Insurance services, Opening and operating of bank accounts and related Government schemes

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Outcome of board meeting of Alfa Transformers
Oct 17,2016

Alfa Transformers announced that the Board of Directors of the Company at its meeting held on 17 October 2016 approved the preferential allotment of 945588 equity shares and 649412 warrants.

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