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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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Can Fin Homes to hold board meeting
Sep 28,2016

Can Fin Homes will hold a meeting of the Board of Directors of the Company on 18 October 2016 to consider and approve the un-audited financial results of the Company for the II Quarter ending on September 30, 2016 (FY 2016-17) together with the Limited Review Report for the above said period.

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Lyons Corporate Market to hold AGM
Sep 28,2016

Lyons Corporate Market announced that the 23th Annual General Meeting(AGM) of the company on 27 September 2016.

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Tai Industries to hold AGM
Sep 28,2016

Tai Industries announced that the 33th Annual General Meeting(AGM) of the company on 26 September 2016.

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Bharti Airtel launches new International Roaming packs
Sep 28,2016

Bharti Airtel announced the launch of its new International Roaming (IR) packs that redefine the value proposition for customers traveling abroad. With the new IR packs, customers will have the convenience of carrying their India mobile number wherever they go and stay connected 24x7 without having to worry about high call and data charges. The packs will be available to both postpaid and prepaid customers.

Airtels new IR packs offer free incoming calls, free texts to India and ample data benefits along with free India calling minutes across all popular destinations. Charges for calls to India and local in-country calls have been reduced to as low as Rs. 3/min across popular destinations.

Airtel also announced that post the exhaustion of pack data benefits, international roaming data will now be charged at just Rs. 3/MB, a reduction of 99% from Rs. 650/MB, so that customers can enjoy uninterrupted data usage without having to worry about bill charges. Customers can continue accessing their emails, social media, and websites on the go in a secure manner without having to wait for public wi-fi or free access.

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Kalyanpur Cements to hold AGM
Sep 28,2016

Kalyanpur Cements announced that the th Annual General Meeting(AGM) of the company on 26 September 2016.

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Asian Petroproducts & Exports to hold AGM
Sep 28,2016

Asian Petroproducts & Exports announced that the 24th Annual General Meeting(AGM) of the company on 26 September 2016.

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Cenlub Industries to hold board meeting
Sep 28,2016

Cenlub Industries will hold a meeting of the Board of Directors of the Company on 8 October 2016.

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Sudarshan Chemical Industries to hold board meeting
Sep 28,2016

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Accounts of the Company for the quarter and six months ending on September 30. 2016.

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Federal Bank gains after large bulk deal
Sep 28,2016

Meanwhile, the S&P BSE Sensex was up 11.32 points or 0.04% at 28,235.02

Bulk deal boosted volume on the scrip. On BSE, so far 83.26 lakh shares were traded in the counter as against average daily volume of 9.22 lakh shares in the past one quarter. The stock hit a high of Rs 75.75 and a low of Rs 72.50 so far during the day. The stock had hit a 52-week high of Rs 76.15 on 7 September 2016. The stock had hit a 52-week low of Rs 41.35 on 12 February 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 8.05% compared with 1.15% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 28.8% as against Sensexs 5.55% rise.

The large-cap private-sector bank has equity capital of Rs 344.10 crore. Face value per share is Rs 2.

Federal Banks net profit rose 18.33% to Rs 167.31 crore on 6.82% rise in total income to Rs 2250.81 crore in Q1 June 2016 over Q1 June 2015.

Federal Bank is one of the leading private sector banks in India.

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Jindal Stainless gains after getting IDCO approval for land transfer
Sep 28,2016

The announcement was made after market hours yesterday, 27 September 2016.

Meanwhile, the BSE Sensex was up 7.15 points, or 0.03%, to 28,230.85.

On BSE, so far 78,000 shares were traded in the counter, compared with average daily volume of 2.11 lakh shares in the past one quarter. The stock hit a high of Rs 26.30 and a low of Rs 25.30 so far during the day. The stock hit a 52-week high of Rs 33.50 on 7 December 2015. The stock hit a record low of Rs 14.20 on 2 June 2016. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 5.10% compared with 1.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 57.14% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 79.89 crore. Face value per share is Rs 2.

Jindal Stainless (JSL) said it received approval from Orissa Industrial and Infrastructure Development Corporation (IDCO) vide its letter dated 24 September 2016 conveying its no objection for effecting the transfer or right to use of the land on which the hot strip mill and the coke plant of the company are located, to Jindal United Steel (JUSL) and Jindal Coke (JCL), respectively.

Last year, JSL demerged its operations into three separate entities -- listed Jindal Stainless (Hisar) (JSHL) as well as private companies JUSL and JCL.

Jindal Stainless reported net loss of Rs 64.64 crore in Q1 June 2016 as against net loss of Rs 137.79 crore in Q1 June 2015. Net sales rose 28.20% to Rs 2117.41 crore in Q1 June 2016 over Q1 June 2015.

Jindal Stainless is engaged in manufacturing of stainless steel.

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Govt. exploring opportunities to set up nuclear power plants in Ukhand, Punjab & Haryana: Dr Jitendra Singh
Sep 28,2016

The government is exploring possibilities of establishing nuclear power plants in northern states of Uttarakhand, Punjab and Haryana, union Minister for Atomic Energy, Dr Jitendra Singh said at an ASSOCHAM event.

n++The present government can stake claim of having set up an atomic energy plant in Gorakhpur in Haryana, so we have brought atomic energy northwards which it had been waiting for 60-70 years and we made it to cross through Delhi because atomic energy never had the opportunity to see the capital of this country,n++ said Dr Singh while inaugurating an ASSOCHAM conference on nuclear power in India.

He said that atomic energy remained confined only to Maharashtra, the western coast, Tamil Nadu, parts of Andhra Pradesh. n++So now we are exploring the possibilities of having such establishments in other possible places for example, near Dehradun in Uttarakhand, in Punjab near Patiala and in Bhiwandi in Haryana are being explored as venues for atomic plants.n++

Highlighting the cost-effective aspect of nuclear energy, he said n++The nuclear power plant being set up in Haryana will become operational by about next year at the cost of just Rs 6 per unit.n++

n++Atomic energy had remained confined to certain parts of the country, in Tarapur for obvious reasons because Dr Bhabha had set up his first establishment in Mumbai then we had south but we hardly had any presence in north India,n++ he said.

He also said that the government had diversified nuclear energy and got it into a huge way in academics through Bhabha National Institute.

n++The Bhabha National Institute has got into an understanding with Tata Atomic Institute in Mumbai and we are now helping it to award degrees in cancer,n++ said the Minister.

He also said that within a period of next ten years India will have at least 25 per cent source of energy from nuclear sector. n++That is going to be a remarkable achievement because energy needs of the country are growing very fast and it is going to be cost-effective.n++

n++The challenge would be to how best to put it (nuclear energy) to use,n++ said Dr Singh.

He also said that the government was using space technology to safeguard the thorium which will come to be utilised very soon in the years to come when India will have new sets of nuclear reactors.

n++While we will have this advantage of being the part of the Department of Atomic Energy which was perhaps not so visible earlier, we will also have the challenge and responsibility about how best to use this increasing availability of energy with wider application and how to safeguard the pilferage of the energy as well as the energy source by way of pilferage,n++ said the minister.

He also said that Dr Homi J. Bhabha had a vision to establish a nuclear centre and also to declare to the world that it would be devoted to the peaceful purposes at a time when peaceful purposes of nuclear energy were hardly known and it was only known as a creator of atomic bomb.

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Ahluwalia Contracts (India) secures new order worth Rs 151.39 crore
Sep 28,2016

Ahluwalia Contracts (India) has received new order aggregating Rs.151.39 crore Work awarded from Bharat Electronics (BEL).

The total order inflow during the FY 2016-2017 stands at Rs. 1360.98 crore.

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Vivimed Labs scales record high as HNI investor buys shares
Sep 28,2016

Meanwhile, the S&P BSE Sensex was up 5.69 points, or 0.02%, to 28,229.39

On BSE, so far 17.28 lakh shares were traded in the counter, compared with average daily volume of 1.12 lakh shares in the past one quarter. The stock hit a high of Rs 114.80 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 106 so far during the day. The stock hit a 52-week low of Rs 58.40 on 28 September 2015. The stock had outperformed the market over the past 30 days till 27 September 2016, rising 38.53% compared with 1.15% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 33.4% as against Sensexs 5.55% rise.

The small-cap company has equity capital of Rs 16.20 crore. Face value per share is Rs 2.

High-net-worth individual (HNI) investor Ashish Kacholia bought 13.73 lakh shares of Vivimed Labs at Rs 90.50 per share in a bulk deal on NSE yesterday, 27 September 2016. Shares of Vivimed Labs gained by its maximum permissible daily limit of 20% to settle at Rs 102.65 yesterday, 27 September 2016.

On a consolidated basis, Vivimed Labs net profit rose 15.27% to Rs 27.86 crore on 10.65% growth in net sales to Rs 366.83 crore in Q1 June 2016 over Q1 June 2015.

Vivimed Labs is a leading manufacturer and exporter of specialty chemicals mainly used in the personal-care and pharmaceutical industries.

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Shares of Marathon Nextgen Realty get listed on NSE
Sep 28,2016

Shares of Marathon Nextgen Realty get listed on National Stock Exchange with effect from 29 September 2016. The Symbol of the Company at NSE is MARATHON.

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GPT Infraprojects awarded Best Infrastructure Brand 2016
Sep 28,2016

GPT Infraprojects has been conferred the Best Infrastructure Brand 2016 by The Economic Times for the significant effort and innovative contribution made by the Company in infrastructure. The award was presented at The Economic Times Infra Focus 4th Annual Summit organised by ET Edge, an Economic Times Initiative, in New Delhi on 27 September 2016.

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