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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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Wendt India to pay dividend
Apr 24,2017

Wendt India announced that dividend will paid on 01 August 2017, if approved at the AGM to be held on 24 July 2017.

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Bank of Maharashtra to hold board meeting
Apr 24,2017

Bank of Maharashtra will hold a meeting of the Board of Directors of the Company on 4 May 2017, to consider and approve the Audited Financial Results of the Bank for the quarter/ year ended 31st March, 2017 and to recommend dividend for the year 2016-17.

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Rupee recovers
Apr 24,2017

Rupee recovered to close higher at 64.4550/4600 per dollar on Monday (24 April 2017), versus its previous close of 64.6475/6525 per dollar thanks to increased selling of the American currency by exporters and banks amid a higher domestic equity market.

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Board of Indiabulls Housing Finance recommends dividend
Apr 24,2017

Indiabulls Housing Finance announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 9 per equity Share (i.e. 450%) , subject to the approval of the shareholders.

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Board of Southern Online Bio Technologies approves change in company secretary
Apr 24,2017

Southern Online Bio Technologies announced that the Board of Directors at its meeting held on 24 April 2017 has approved the following -

Resignation of D Manoranjani as Company Secretary & Compliance Officer.

Appointment of Ankita Damani as Company Secretary & Compliance Officer.

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Board of McNally Bharat Engineering Company approves change in company secretary
Apr 24,2017

McNally Bharat Engineering Company announced that Dibakar Chatterjee has tendered his resignation from his post as the Company Secretary of the Company with effect from 24 April 2017. The Board of Directors of the Company at their meeting held on 24 April 2017, has appointed Indranil Mitra as the Company Secretary & the Compliance Officer of the Company with effect from 24 April 2017.

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UltraTech Cement consolidated net profit declines 11.27% in the March 2017 quarter
Apr 24,2017

Net profit of UltraTech Cement declined 11.27% to Rs 725.88 crore in the quarter ended March 2017 as against Rs 818.09 crore during the previous quarter ended March 2016. Sales rose 2.95% to Rs 7019.81 crore in the quarter ended March 2017 as against Rs 6818.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 9.56% to Rs 2714.90 crore in the year ended March 2017 as against Rs 2478.02 crore during the previous year ended March 2016. Sales rose 0.88% to Rs 25374.94 crore in the year ended March 2017 as against Rs 25153.24 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7019.816818.71 3 25374.9425153.24 1 OPM %19.0321.47 -20.5419.48 - PBDT1409.941476.09 -4 5220.474798.48 9 PBT1054.411097.21 -4 3872.063421.31 13 NP725.88818.09 -11 2714.902478.02 10

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Board of TTK Prestige recommends dividend
Apr 24,2017

TTK Prestige announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 15 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Board of Hexaware Technologies recommends dividend
Apr 24,2017

Hexaware Technologies announced that the Board of Directors of the Company at its meeting held on 24 April 2017, inter alia, have recommended the dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Balaji Telefilms to hold EGM
Apr 24,2017

Balaji Telefilms announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 May 2017 .

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Reliance Communication gets shareholders approval for demerger of wireless business into Aircel
Apr 24,2017

The shareholders of Reliance Communications at their meeting convened pursuant to the order of the National Company Law Tribunal (NCLT),have today approved with 99.99% majority for the Scheme of Arrangement for demerger of the Wireless division of the Company and Reliance Telecom (RTL), a wholly owned subsidiary of the Company into Aircel and Dishnet Wireless (the Scheme). The Scheme was also approved by shareholders of RTL at their meeting held today pursuant to the order of the NCLT.

The Shareholders of Aircel have also approved the said Scheme at their meeting held on 22 April 2017, convened under the order of the NCLT.

The Company has already received approval from the Securities and Exchange Board of India, BSE , National Stock Exchange of India and Competition Commission of India for the proposed Scheme of Arrangement.

The RCOM-Aircel merger will create a strong operator clearly ranked amongst Indias top 4 telcos by customer base and revenues, also ranking amongst the top 3 operators by revenues in 12 important circles.

The merged entity will have the second-largest spectrum holding amongst all operators, aggregating 448 MHz across the 850, 900, 1800 and 2100 MHz bands.

A petition is being filed with the NCLT, Mumbai Bench, for approval of the said Scheme. The proposed transaction is subject to other necessary approvals.

Post closing, the Company and the present shareholders of Aircel will hold 50% stake each in Aircel.

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KKalpana Industries (India) announces demise of director
Apr 24,2017

KKalpana Industries (India) announced the demise of Nirmalendu Guha, Independent Director of the Company on 23 April 2017.

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TTK Prestige announces change in nominee director
Apr 24,2017

Sagar Cements announced change in nominee director. The Andhra Pradesh Industrial Development Corporation has withdrawan nomination of K Rajendra Prasad as Director on the Board of the Company and nominated T Nagesh Reddy in his place.

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Vimta Labs declines amid volatility
Apr 24,2017

Meanwhile, the S&P BSE Sensex was up 297.08 points or 1.01% at 29,662.38. The S&P BSE Small-Cap index was up 133.35 points or 0.88% at 15,299.66.

On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 48,633 shares in the past one quarter. The stock lost as much as 2.4% at the days low of Rs 126.15 so far during the day. The stock rose as much as 3.59% at the days high of Rs 133.90 so far during the day.

The stock had hit a 52-week high of Rs 138.60 on 19 April 2017 and a 52-week low of Rs 67.65 on 24 June 2016. It had outperformed the market over the past one month till 21 April 2017, advancing 17.55% compared with the Sensexs 0.41% fall. The scrip had also outperformed the market over the past one quarter, gaining 24.94% as against the Sensexs 8.62% rise.

The small-cap company has equity capital of Rs 4.42 crore. Face value per share is Rs 2.

Vimta Labs net profit rose 32.6% to Rs 2.40 crore on 19.9% growth in net sales to Rs 39.47 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 22 April 2017.

Vimta Labs is engaged in the business of contract research and testing services. The company provides services of testing and contract research in the fields of clinical and pre-clinical studies, clinical reference, analytical testing, advanced molecular biology and environmental studies.

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Brigade Enterprises strengthens after launching projects
Apr 24,2017

The announcement was made on Saturday, 22 April 2017.

Meanwhile, the S&P BSE Sensex was up 287.12 points or 0.98% at 29,652.42.

On the BSE, 17,000 shares were traded on the counter so far as against the average daily volumes of 9,741 shares in the past two-weeks. The stock had hit a high of Rs 250 and a low of Rs 240.50 so far during the day.

The stock had hit a 52-week high of Rs 252 on 17 April 2017 and a 52-week low of Rs 145 on 26 December 2016.

The stock had outperformed the market over the past one month till 21 April 2017, rising 5.04% compared with 0.41% drop in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 55.44% as against Sensexs 8.62% rise.

The small-cap company has equity capital of Rs 113.66 crore. Face value per share is Rs 10.

Brigade Enterprises announced the launch of its luxury residential project Brigade Seven Gardens in Banashankari, Bengaluru and senior friendly homes Parklane at Brigade Meadows.

Separately, company announced after market hours on Friday, 21 April 2017, the launch of its maiden hospitality project in Chennai, Holiday Inn Chennai OMR IT Expressway on the arterial Old Mahabalipuram Road in the citys southern business district namely, Taramani, Thiruvanmiyur.

The contemporarily designed 202 room property is jointly promoted by Brigade Group and Chennai based Subramanian Engineering and managed by Intercontinental Hotels Group.

Brigade Enterprises consolidated net profit declined 12.4% to Rs 30.41 crore on 14.5% fall in net sales to Rs 537.61 crore in Q3 December 2016 over Q3 December 2015.

Brigade Enterprises is Brigade groups flagship company. Brigade group was established in 1986, with property development as its main focus.

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