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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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Board of Kings Infra Ventures allots equity shares on conversion of warrants
Dec 12,2016

The Board of Directors of Kings Infra Ventures at its meeting held on 10 December 2016 has allotted 2595000 equity shares on conversion of convertible warrants issue on preferential basis.

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Ideal Texbuild announces new corporate office
Dec 12,2016

Ideal Texbuild announced that the Company have resolved to make the following address as new corporate office address of the company:

Krishna bhavan,3rd Floor, Above Dena Bank,67,Nehru Road,Opp. Green Park Hotel,Ville parle,
Mumbai-400057

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Board of Gujarat NRE Coke approves reset of conversion price of FCCBs
Dec 12,2016

Gujarat NRE Coke announced that the Board of Directors of the Company at its meeting held on 10 December 2016, inter alia, has :

Pursuant to the approval of shareholders and bondholders, approved to reset the conversion price of 5.50% Foreign Currency Convertible Bonds (FCCBs) issued in 2012 from Rs. 22.50 per equity share to Rs. 12/- per equity share, subject to approval of other regulatory authorities.

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Worldwide Leather Exports CFO resigns
Dec 12,2016

Worldwide Leather Exports announced that Krishna Kumar Singh, Chief Financial Officer has resigned w.e.f. 10 December 2016.

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Board of Luminaire Technologies to consider resignation of directors
Dec 12,2016

Luminaire Technologies announced that Anshuman Mohan Gupta & Sapna Gupta has vide their letter date 08 December 2016, intimated about their intention to resign as Directors from the Board of the Company due to their personal reasons.

Their resignations shall be considered by the Board in its ensuing meeting on 17 December 2016 and if accepted they will cease to be Directors of the Company w.e.f. close of Business hours of 17 December 2016.

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SBI gains after board approval for divestment of 3.9% stake in life insurance unit
Dec 12,2016

The announcement was made after market hours on Friday, 9 December 2016.

Meanwhile, the S&P BSE Sensex was down 143 points or 0.45% at 26,628.02.

On the BSE, 1.32 lakh shares were traded in the counter so far as against average daily volume of 24.23 lakh shares in the past one quarter. The stock had hit a high of Rs 269.45 and a low of Rs 257.95 so far during the day.

State Bank of India (SBI) announced that the executive committee of the central board (ECCB) of the bank at a meeting held on 9 December 2016, approved divestment of 3.9 crore equity shares constituting 3.9% stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals.

State Bank of Indias net profit fell 34.6% to Rs 2538.32 crore on 8.3% growth in total income to Rs 50742.99 crore in Q2 September 2016 over Q2 September 2015.

State Bank of India is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 30 September 2016).

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IFCI provides update on divestment of its stake in ACRE
Dec 12,2016

IFCI announced that 73,28,328 shares of Assets Care & Reconstruction Enterprise (ACRE) have been transferred by IFCI to Axis Bank, a non-existing shareholder of the Company.

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Board of Shree Rama Newsprint approves appointment of directors and CFO
Dec 12,2016

Shree Rama Newsprint announced that the Board of Directors of the Company at its meeting held on 10 December 2016, inter alia, has approved the following :

1. The Board has appointed Siddharth Ganpatraj Chowdhary, director of the company, as Executive Director (Whole Time Director) of the Company for the period of 3 years w.e.f. 10 December 2016 which is subject to approval of members in the next annual general meeting.

2. The board has appointed Kavita Tapan Patel, as an additional independent director (Woman director) of the company for a period of 5 years w.e.f. 10 December 2016 which is subject to approval of the members of the company in the next annual general meeting.

3. The board has appointed P.K.Mundra President (Finance) & Company Secretary also as Chief Financial Officer.

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Board of Tinna Rubber & Infrastructure approves appointment of company secretary
Dec 12,2016

Tinna Rubber & Infrastructure announced that the Board of Directors of the company, in its meeting held on 10 December 2016, has ratified the appointment of K.C. Madan, as Company Secretary & Compliance Officer of the company with effect from 01 December 2016.

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Titagarh Wagons secures order for construction of Fuel Barges for Indian Navy
Dec 12,2016

Titagarh Wagons has been accredited with registration by the Ministry of Defence (Navy), Directorate of Ship Production for undertaking construction of Non-Weapon Platforms upto 120 m length and All types of Yardcraft vide communication dated 07 December 2016 issued by the said authority.

Further, the Company has received an order for construction of two Fuel Barges for the Indian Navy in its recently added Shipbuilding vertical.

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Board of Royale Manor Hotels & Industries to consider change in company secretary
Dec 12,2016

Royale Manor Hotels & Industries announced that a meeting of the Board of Directors of the Company will be held on 17 December 2016, inter alia to :

1. Accept the resignation of Jainam Bagadiya from the post of Company Secretary of the Company.

2. Appointment of Krishna Ashara as a Company Secretary and Compliance Officer of the Company.

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Om Metals Infraprojects bags contract for setting up silos for wheat storage
Dec 12,2016

Om Metals Infraprojects announced that Food Corporation of India (FCI) has issued letter of award (LOA) to Om Metals Infraprojects, allowing concession for a period of 30 years at four locations Bhagalpur (Bihar), Fatehpur (UP), Malda (West Bengal) and near Siddhpur (Gujarat) for development /construction of silos of 50000 Metric Tons capacity at each location on design, Build, finance, operate and own (DBFOO) basis for storage of wheat on fixed charge basis to the concessionaire.

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Innoventive Industries to announce September quarter and half year results
Dec 12,2016

Innoventive Industries announced that the Adjourned Board Meeting of the Company (which had been convened on Monday, 14 November 2016 where at the consideration of the under noted items of business was adjourned sine die) scheduled to be held on 16 December 2016 to consider, discuss and approve the following :

1. To consider and approve the Un-Audited Financial Results for the Quarter and half year ended 30 September 2016.

2. To consider and approve Limited Review Report.

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Resonance Specialities announces resignation of CFO
Dec 12,2016

Resonance Specialities announced that Dwarika Agrawal has resigned from the position of Chief Financial Officer of the Company with effect from 10 December 2016.

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Shilpi Cable Technologies provides update on expansion program
Dec 12,2016

Shilpi Cable Technologies announced that the expansion program for setting up of copper up cast for manufacturing of oxygen free copper (OFC) rods & Copper Magnesium rods has been completed. The said Machinery & Technology has been imported from UK (United Kingdom) & it is one of the latest technology which will help the company not only to boost its revenue & margin but also give edge over its competitors.

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