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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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Empee Distilleries to hold EGM
Feb 14,2017

Empee Distilleries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 March 2017 .

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Alok Industries approves change in directorate
Feb 14,2017

Alok Industries announced Kamalkishore Jani, Independent Director of the Company has tendered his resignation effective from 08 January 2017 due to personal reasons.

Further, the Company has appointed Keshav D. Hodavdekar, as an Additional Independent Director effective from 09 February 2017 through resolutions passed by circulation by the Board of Directors.

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Board of Ram Minerals and Chemicals approves bonus issue of 4:1
Feb 14,2017

Ram Minerals and Chemicals announced that the Board of Directors in their meeting held on 14 February 2017, inter alia, took the following decision(s):

- The Chairman continues with earlier agenda of the meeting that is to discuss and consider the issue of Bonus Shares to the shareholders of the Company. The Board decided to come out with a bonus issue of 4:1 to the existing shareholders of the Company; however the notice for the required general meeting of shareholders will be issued later on.

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Rupee sighs relief
Feb 14,2017

Rupee closed higher at 66.8650/8750 per dollar on Tuesday (14 February 2017), versus its previous close of 67.0150/0250 per dollar.

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Pandit Deendayal Upadhyay Unnat Krishi Shiksha Scheme launched in the year 2016 to promote agricultural education
Feb 14,2017

The Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh said that all courses upto Agricultural Graduate are being linked with employment and are being made profession oriented. This will be a big help for the students in earning their livelihood. Shri Radha Mohan Singh said that from last year, 5th Dean Report has been implemented in all the Agricultural Universities of the country and will be enforced from the academic session of 2016-17. Agriculture Minister gave this statement today in the Annual Vice Chancellors and Directors Meeting being organised in New Delhi. On this occasion, State Agriculture and Farmer Welfare Minister Shri Parshottam Rupala, Secretary, Department of Agriculture Research and Education & DG ICAR, Dr. Trilochan Mohapatra and all Vice Chancellors of the Agricultural Universities were present.

Shri Singh said that youth are the strength of this nation and it is imperative for the overall development of agriculture that these youth are attracted towards this sector. Therefore, Agricultural Universities and Research Institutes play a very important role. ICAR has launched Student Ready scheme in this direction. In this scheme, from the year 2016-17, scholarship to the students has been increased from Rs. 1000 to Rs. 3000. Beside this, another scheme ARYA is also being implemented successfully. Pandit Deendayal Upadhyay Unnat Krishi Shiksha Scheme was launched in the year 2016 to promote agricultural education under which 100 centres are being opened with a fund of Rs.5.35 crore.

Shri Singh also informed that with the opening of new Universities and Colleges, many initiatives are being taken to promote agriculture education such as Rajendra Agricultural University, Pusa, Bihar has been upgraded to Rajendra Central Agricultural University, Pusa, Bihar and 4 new colleges have been opened under this University. One National Research Centre has been established on Integrated Agricultural System in Motihari, six new colleges have been opened in CAU, Imphal and with this, the number of colleges has been increased to 13. Four new colleges have been opened in Rani Laxmibai Central Agricultural University, Jhansi, Bundelkhand, out of which 2 are in Uttar Pradesh and 2 Colleges are in Madhya Pradesh.

Shri Singh said that IARI-Jharkhand has been established and students of the state are studying in various courses. To promote agriculture education in the north-east states of the country, land for IARI has been identified in Assam. An amount of Rs. 122.5 cr. each has been released for Acharya NG Ranga Agriculture University in Andhra Pradesh & SKTLSHU in Telengana. Agriculture Minister said that in the arena of International Co-operation, our relations with foreign Govts., foreign Universities, and International Bodies have been strengthened. A MoU has been signed for Establishing a BRICS Agriculture Platform (a Virtual Network). Agriculture Ministry of Afghanistan is providing assistance for establishing of Afghan National Science and Technology University (ANASTU) in Afghanistan. It is also providing assistance to establish Advance Centre for Agriculture Research and Education in Mayanmar. Similar cooperation is also being provided in the African Continent.

Shri Singh was very hopeful that with this Conference, PSP, viz. productivity, sustainability and profitability will be improved. Shri Radha Mohan Singh also said that it is necessary to take forward Lab to Land Programme and for this KVKs have a major role to play. Shri Singh said that to achieve the Govts target of doubling the income of farmers, all the institutes of ICAR should emphasise on developing economically feasible models. It is necessary for the Institutes to work pro-actively in the area of digitization. In the end, Agriculture Minister appealed to all the representatives present in the Conference to work in synergy for research and education and contribute fully in building a viable nation.

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Jattashankar Industries standalone net profit declines 1.96% in the December 2016 quarter
Feb 14,2017

Net profit of Jattashankar Industries declined 1.96% to Rs 0.50 crore in the quarter ended December 2016 as against Rs 0.51 crore during the previous quarter ended December 2015. Sales rose 8.88% to Rs 8.34 crore in the quarter ended December 2016 as against Rs 7.66 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales8.347.66 9 OPM %7.917.05 - PBDT0.730.56 30 PBT0.700.51 37 NP0.500.51 -2

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First Financial Services standalone net profit declines 77.78% in the December 2016 quarter
Feb 14,2017

Net profit of First Financial Services declined 77.78% to Rs 0.08 crore in the quarter ended December 2016 as against Rs 0.36 crore during the previous quarter ended December 2015. Sales reported to Rs 0.14 crore in the quarter ended December 2016. There were no Sales reported during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.140 0 OPM %92.860 - PBDT0.080.36 -78 PBT0.080.36 -78 NP0.080.36 -78

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Saraswati Commercial (India) standalone net profit declines 78.60% in the December 2016 quarter
Feb 14,2017

Net profit of Saraswati Commercial (India) declined 78.60% to Rs 1.07 crore in the quarter ended December 2016 as against Rs 5.00 crore during the previous quarter ended December 2015. Sales declined 56.65% to Rs 1.76 crore in the quarter ended December 2016 as against Rs 4.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.764.06 -57 OPM %92.6195.07 - PBDT1.075.00 -79 PBT1.075.00 -79 NP1.075.00 -79

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Hindustan Composites standalone net profit rises 37.74% in the December 2016 quarter
Feb 14,2017

Net profit of Hindustan Composites rose 37.74% to Rs 12.08 crore in the quarter ended December 2016 as against Rs 8.77 crore during the previous quarter ended December 2015. Sales rose 26.01% to Rs 51.25 crore in the quarter ended December 2016 as against Rs 40.67 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales51.2540.67 26 OPM %36.1031.94 - PBDT18.5312.96 43 PBT16.5311.28 47 NP12.088.77 38

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Gujarat Automotive Gears standalone net profit rises 51.06% in the December 2016 quarter
Feb 14,2017

Net profit of Gujarat Automotive Gears rose 51.06% to Rs 1.42 crore in the quarter ended December 2016 as against Rs 0.94 crore during the previous quarter ended December 2015. Sales rose 25.46% to Rs 7.54 crore in the quarter ended December 2016 as against Rs 6.01 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales7.546.01 25 OPM %22.5520.47 - PBDT2.201.54 43 PBT2.121.47 44 NP1.420.94 51

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Garware-Wall Ropes standalone net profit rises 22.33% in the December 2016 quarter
Feb 14,2017

Net profit of Garware-Wall Ropes rose 22.33% to Rs 17.86 crore in the quarter ended December 2016 as against Rs 14.60 crore during the previous quarter ended December 2015. Sales rose 4.76% to Rs 194.28 crore in the quarter ended December 2016 as against Rs 185.46 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales194.28185.46 5 OPM %15.1913.24 - PBDT29.5022.96 28 PBT25.9519.70 32 NP17.8614.60 22

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Commercial Engineers & Body Builders Company reports standalone net loss of Rs 7.67 crore in the December 2016 quarter
Feb 14,2017

Net Loss of Commercial Engineers & Body Builders Company reported to Rs 7.67 crore in the quarter ended December 2016 as against net loss of Rs 9.25 crore during the previous quarter ended December 2015. Sales declined 3.94% to Rs 20.99 crore in the quarter ended December 2016 as against Rs 21.85 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales20.9921.85 -4 OPM %5.29-1.83 - PBDT-5.28-5.62 6 PBT-7.67-9.25 17 NP-7.67-9.25 17

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IZMO standalone net profit rises 22.45% in the December 2016 quarter
Feb 14,2017

Net profit of IZMO rose 22.45% to Rs 1.20 crore in the quarter ended December 2016 as against Rs 0.98 crore during the previous quarter ended December 2015. Sales rose 12.72% to Rs 6.29 crore in the quarter ended December 2016 as against Rs 5.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6.295.58 13 OPM %23.0536.02 - PBDT2.672.41 11 PBT1.200.98 22 NP1.200.98 22

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BAMPSL Securities standalone net profit rises 18.18% in the December 2016 quarter
Feb 14,2017

Net profit of BAMPSL Securities rose 18.18% to Rs 0.13 crore in the quarter ended December 2016 as against Rs 0.11 crore during the previous quarter ended December 2015. Sales declined 3.45% to Rs 0.28 crore in the quarter ended December 2016 as against Rs 0.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.280.29 -3 OPM %78.5765.52 - PBDT0.220.19 16 PBT0.210.18 17 NP0.130.11 18

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Cistro Telelink reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 14,2017

Net Loss of Cistro Telelink reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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