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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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Outcome of board meeting of Zee Media Corporation
Dec 15,2016

Zee Media Corporation announced that while reviewing various funding options for the Radio business being acquired by the Company, the Board of Directors of the Company at the meeting held on 15 December 2016 had granted in-principle approval for availing Secured Loan of upto Rs. 500 crore from Arm Infra & Utilities, one of the Promoters of the Company.

Further, at the said meeting held on 15 December 2016, the Board had also approved a Notice seeking Shareholders approval for certain proposals by way of Postal Ballot / E-voting.

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Board of Jainco Projects (India) accepts resignation of director
Dec 15,2016

Jainco Projects (India) announced that the meeting of Board of Directors of the Company held on 15 December 2016 has considered and approved the resignation of Sushil Kumar Bahnsali from his directorship w.e.f. 15 December 2016.

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Kayel Securities appoints company secretary
Dec 15,2016

Kayel Securities announced Bhavna B. Shah, Member of the Institute of Company Secretaries of India has been appointed as a Company Secretary and Compliance officer of the Company w.e.f. 15 December 2016, pursuant to section 203 of the Companies Act, 2013 and Regulation 6(1) of the Securities and Exchange Board of India (listing Obligations and Disclosure Requirements) Regulations, 2015.

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Suraj Industries announces demise of director
Dec 15,2016

Suraj Industries announced that Janeshwar Kumar Jain, Whole Time Director expired on 15 November 2016.

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Vakrangee and HDFC ERGO General Insurance Company enter into Corporate Agency Agreement
Dec 15,2016

Vakrangee and HDFC ERGO General Insurance Company have entered into a Corporate Agency agreement for distribution of General Insurance products.

While HDFC ERGO will be able to leverage distribution network of more than 26000 outlets of Vakrangee including areas currently not served or underserved, Vakrangee will have added range of quality product to offerthrough its vast distribution network. Following the tie-up, citizens, especially in un-served and underserved areas, shall be able to access quality General Insurance products and services offered/to beoffered by HDFC ERGO General Insurance Company.

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IndusInd Bank launches new app - IndusPay
Dec 15,2016

IndusInd Bank has launched a new app - IndusPay, on the Unified Payments Interface (UPI) platform to facilitate digital payments and money transfer.

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Williamson Magor & Company provides business update
Dec 15,2016

Williamson Magor & Company announced that the Company has been advised by McNally Bharat Engineering Company (MBECL), McNally Sayaji Engineering [MSEL] and Kilburn Engineering [KEL] of which Williamson Magor & Company are a Promoter that MBECL, KEL and MSEL have decided not to go ahead with the proposal of merger of MBECL, MSEL, EMC with KEL.

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Avantel secures patent for an invention
Dec 15,2016

Avantel has been granted a patent by the Government of India, the Paten, Office, for an invention entitled INTEGRATED ULTRA HIGH FREQUENCY SYSTEM (SATCOM & LINE OF SIGHT) FOR VOICE AND DATA COMMUNICATION TO WORK WITH INDIAN SATELLITE for a term of 20 years commencing from the 30 September 2009.

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Savant Infocomm director resigns
Dec 15,2016

Savant Infocomm announced that Haider M. Sithawalla, a Director on our Board has resigned with effect from 12 December 2016.

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China Stocks struggle after Fed raises rates
Dec 15,2016

Mainland China stock market closed at one-month lows on Thursday, 15 December 2016, after the U.S. Federal Reserve raised interest rates and signaled a faster pace of interest-rate increases than expected in 2017. Strength in small-caps was offset by a tumble in banking shares, triggered by a dramatic sell-off in bond markets that raised the spectre of liquidity crunch in the banking system. The Shanghai Composite Index fell 0.73% to 3,117.68, while the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.67% to 1,972.91. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 0.65% to close at 1,975.85 points.

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Sonata Software spurts after securing a product patent
Dec 15,2016

The announcement was made during market hours today, 15 December 2016.

Meanwhile, the S&P BSE Sensex was down 88.02 points or 0.33% at 26,514.82.

On the BSE, 4.95 lakh shares were traded on the counter so far as against the average daily volumes of 68,000 shares in the past two weeks. The stock had hit a high of Rs 188.60 and a low of Rs 171.50 so far during the day.

Sonata Software announced that its unified enterprise mobility platform Halosys had been granted a patent for its innovation on rule based notifications. The patent was granted for a key technology innovation in the Halosys platform that enables users to be notified across web, SMS, email and inn++app push notifications based on events matching a pre-configured set of filters including the users location, time of day, along with the data from the events object graph.

This patent has farn++reaching implications beyond web and mobile, to automated systems that can trigger responses based on events in enterprise systems like ERP, CRM, enabling more intelligent and automated apps and bots applications to be deployed for digital business innovation.

Halosys is a unified enterprise mobility platform that enables enterprises to build, secure, deploy and manage a portfolio of mobile business applications, leveraging existing enterprise systems and data, from a single mobility technology platform. Halosys is also built to emerging Internet of Things (IoT) standards.

Sonata acquired Halosys head quartered in California in August 2015 and has increased its investment in developing the Halosys platform to be a world class enterprise mobility platform.

Sonata Software is a global IT solutions firm focused on catalyzing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

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Black Rose Industries secured approval for expansion of Acrylamide Plant
Dec 15,2016

Black Rose Industries has received Provisional Consent to Establish dated 14 December 2016 from Gujarat Pollution Control Board, for expansion of Companys Acrylamide Plant from 10,000 MT to 20,000 MT per annum.

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Nikkei hits fresh one-year high as yen plunges
Dec 15,2016

The Japan share market closed higher on Thursday, 15 December 2016, bucking the regional market trend, thanks to yen depreciation to upper 117 level against greenback after the Federal Reserve raised its benchmark short-term interest rate and hinted there would be more next year. The 225-issue Nikkei average rose 95.49 points, or 0.50 percent, to end at 19,250.52, marking its highest closing level since Dec. 17, 2015. The Topix index of all first-section issues finished up 8.82 points, or 0.58 percent, at 1,540.25.

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Outcome of board meeting of CG-Vak Software & Exports
Dec 15,2016

CG-Vak Software & Exports announced that the Board of Directors of the Company at its meeting held on 15 December 2016 has decided to consider and appoint Company Secretary and Compliance Officer of the company and to review the performance of the Company.

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Infinite Computer Solutions India fixes record date for buyback of shares
Dec 15,2016

Infinite Computer Solutions India announced that the Company has fixed 23 December 2016 as the Record Date for the purpose of Buyback of equity shares of the Company.

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