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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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Websol Energy System provides financial update
Feb 14,2017

Websol Energy System announced that the Company at its meeting held 14 February 2017 has recorded the NOC received from EXIM bank and ICICI Bank for the amount paid pursuant to OTS arrived with both the banks.

The Company has entered into one time settlement with HDFC Bank, Standard Chartered Bank and ARCIL. Payments have already been started from the schedule date. Last instalment falls due on or before 31 March 2017 of HDFC Bank and Standard Chartered Bank. Payment to ARCIL falls due on or before 30 April 2017.

Allahabad bank has assigned their entire loan to Invent ARC. Subsequently company has entered into one time settlement with Invent ARC. Their last instalment falls due on 30 June 2021.

Further, the Company is in discussion with its other two lenders for settlement of their debts.

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Sinner Energy India announces change in CFO
Feb 14,2017

Sinner Energy India announced that the Board of Directors of the Company has taken on record resignation of Kavita Purandare from post of CFO and appointed Mahesh Raut, MD as CFO of the Company.

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Board of Nitco accepts resignation of director
Feb 14,2017

Nitco announced that the Board of directors of the Company at their meeting held on 14 February 2017 has approved the Resignation Letter received from Rohan Talwar, Non- executive Non-Independent Director of the Company who has expressed his desire to resign from the services of the Company due to his pre-occupation with Hospitality business overseas. The board accepted the letter with immediate effect and wished him luck for his future endeavours.

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Board of Dewan Housing Finance Corporation approves sale of 100% stake in DPLI to DHFL Investments
Feb 14,2017

Dewan Housing Finance Corporation announced that the Board of Directors of the Company at its meeting held on 14 February 2017 approved the entering into of definitive agreements for the sale of 100% of the shares held by the Company in DHFL Pramerica Life Insurance Company (DPLI) to its wholly owned subsidiary DHFL Investments. The additional capital so raised by the Company will be deployed towards expansion of the Companys core business and/ or repayment of its high cost borrowings.

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Board of Radix Industries approves change in directorate
Feb 14,2017

The Board of Directors of Radix Industries (India) approved resignation of V Viswanada Raju as Independent Director and appointed Sivarama Prasad Surapaneni as Additional Director with effect from 14 February 2017.

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Solar Industries India to pay interim dividend
Feb 14,2017

Solar Industries India announced that interim dividend will be paid on or after 01 March 2017.

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Natco Pharma fixes record date for interim dividend
Feb 14,2017

Natco Pharma has fixed 27 February 2017 as the Record Date for the purpose of payment of Interim Dividend.

The said interim dividend will be paid from 03 March 2017 onwards.

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V I P Industries fixes record date for interim dividend
Feb 14,2017

V I P Industries has fixed 24 February 2017, as the Record Date for the purpose of Payment of Interim Dividend.

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Shoppers Stop opens Bobbi Brown store
Feb 14,2017

Shoppers Stop has opened Bobbi Brown store at Market City - Pune.

With the opening of this store, the Company has now 7 Bobbi Brown stores under its operations.

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VIP Industries jumps after strong Q3 numbers
Feb 14,2017

The result was announced during trading hours today, 14 February 2017.

Meanwhile, the BSE Sensex was down 19.43 points, or 0.07%, to 28,332.19.

On the BSE, so far 2.55 lakh shares were traded in the counter, compared with average daily volumes of 25,170 shares in the past one quarter. The stock had hit a high of Rs 149 and a low of Rs 138.60 so far during the day.

The stock hit a 52-week high of Rs 156.90 on 26 October 2016. The stock hit a 52-week low of Rs 89.50 on 15 February 2016. The stock had outperformed the market over the past 30 days till 13 February 2017, rising 14.82% compared with the 4.09% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.37% as against Sensexs 7.78% rise.

The small-cap company has equity capital of Rs 28.26 crore. Face value per share is Rs 2.

VIP Industries has a range of leading brands across luggage categories. The companys product portfolio consists of a diverse range of hard-sided and soft-sided luggage.

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V-Guard Industries to hold EGM
Feb 14,2017

V-Guard Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 6 March 2017 .

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OECD unemployment rate stable at 6.2% in December 2016
Feb 14,2017

The OECD unemployment rate was stable, at 6.2%, for the second consecutive month in December 2016. Across the OECD area, 38.5 million people were unemployed, 5.9 million more than in April 2008, before the crisis.

The unemployment rate in the euro area declined in December by 0.1 percentage point, to 9.6%, its lowest level since May 2009, with the largest falls recorded in Portugal (down 0.3 percentage point, to 10.2%), Spain (down 0.3 percentage point, to 18.4%), the Slovak Republic (down 0.2 percentage point, to 8.8%) and the Netherlands (down 0.2 percentage point, to 5.4%). On the other hand, the unemployment rate increased by 0.2 percentage point in Latvia (to 9.8%) and by 0.1 percentage point in France (to 9.6%) and Luxembourg (to 6.3%).

Outside Europe, the unemployment rate increased in December by 0.1 percentage point in Canada (to 6.9%), Mexico (to 3.8%) and the United States (to 4.7%), while it was stable in Japan (at 3.1%) and fell by 0.2 percentage point in Korea (to 3.4%). For the United States, more recent data for January 2017 point to a further increase of 0.1 percentage point, to 4.8%.

Over the last year, the unemployment rate in the euro area (down 0.9 percentage point) fell at a faster pace than in the OECD as a whole (down 0.3 percentage point). The largest year-on-year declines within the euro area occurred in Spain (down 2.3 percentage points), Portugal (down 2.0 percentage points), the Slovak Republic (down 1.9 percentage point), Ireland (down 1.7 percentage point) and Greece (down 1.5 percentage point between October 2015 and October 2016, the latest month available). By contrast, the unemployment rate increased by 0.4 percentage point over the year in Italy.

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APSEZ declines after Q3 results
Feb 14,2017

The result was announced during trading hours today, 14 February 2017.

Meanwhile, the BSE Sensex was up 19.91 points, or 0.07%, to 28,371.53.

On the BSE, so far 5.29 lakh shares were traded in the counter, compared with average daily volumes of 2.18 lakh shares in the past one quarter. The stock had hit a high of Rs 315.80 and a low of Rs 306.50 so far during the day.

The stock hit a 52-week high of Rs 317 on 25 October 2016. The stock hit a 52-week low of Rs 170.15 on 19 May 2016. The stock had outperformed the market over the past 30 days till 13 February 2017, rising 5.30% compared with the 4.09% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 15.85% as against Sensexs 7.78% rise.

The large-cap company has equity capital of Rs 414.19 crore. Face value per share is Rs 2.

Adani Ports and Special Economic Zone (APSEZ)s consolidated earnings before interest, tax, depreciation and amortization (EBITDA) increased 30% to Rs 1371 crore in Q3 December 2016 over Q3 December 2015.

APSEZs consolidated cargo increased by 8% to 41 MMT in Q3 December 2016 as against 38 MMT in Q3 December 2015. Container volumes increased by 26% in Q3 December 2016 over Q3 December 2015.

Adani Ports and Special Economic Zone owns and operates eight ports and terminals in India. These are at Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Orissa, Mormugao in Goa, Visakhapatnam in Andhra Pradesh and Katupalli in Chennai.

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KGN Enterprises reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 14,2017

Net profit of KGN Enterprises remain constant at Rs 0.01 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.20 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.20 -100 OPM %05.00 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Indo-Global Enterprises reports standalone net loss of Rs 0.10 crore in the December 2016 quarter
Feb 14,2017

Net loss of Indo-Global Enterprises reported to Rs 0.10 crore in the quarter ended December 2016 as against net profit of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.11 -100 OPM %018.18 - PBDT-0.100.02 PL PBT-0.100.02 PL NP-0.100.02 PL

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