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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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United Breweries standalone net profit declines 31.94% in the December 2016 quarter
Feb 09,2017

Net profit of United Breweries declined 31.94% to Rs 48.49 crore in the quarter ended December 2016 as against Rs 71.25 crore during the previous quarter ended December 2015. Sales declined 5.40% to Rs 979.23 crore in the quarter ended December 2016 as against Rs 1035.18 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales979.231035.18 -5 OPM %13.0717.00 - PBDT145.63175.55 -17 PBT75.88114.02 -33 NP48.4971.25 -32

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Competent Automobiles standalone net profit rises 8.92% in the December 2016 quarter
Feb 09,2017

Net profit of Competent Automobiles rose 8.92% to Rs 4.15 crore in the quarter ended December 2016 as against Rs 3.81 crore during the previous quarter ended December 2015. Sales rose 13.28% to Rs 362.82 crore in the quarter ended December 2016 as against Rs 320.30 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales362.82320.30 13 OPM %2.632.65 - PBDT7.326.53 12 PBT6.055.81 4 NP4.153.81 9

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Hero MotoCorp standalone net profit declines 2.67% in the December 2016 quarter
Feb 09,2017

Net profit of Hero MotoCorp declined 2.67% to Rs 772.05 crore in the quarter ended December 2016 as against Rs 793.23 crore during the previous quarter ended December 2015. Sales declined 12.05% to Rs 6245.90 crore in the quarter ended December 2016 as against Rs 7102.03 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6245.907102.03 -12 OPM %17.2915.92 - PBDT1210.151219.78 -1 PBT1085.301105.84 -2 NP772.05793.23 -3

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DIC India standalone net profit declines 37.18% in the December 2016 quarter
Feb 09,2017

Net profit of DIC India declined 37.18% to Rs 5.12 crore in the quarter ended December 2016 as against Rs 8.15 crore during the previous quarter ended December 2015. Sales declined 8.26% to Rs 178.93 crore in the quarter ended December 2016 as against Rs 195.04 crore during the previous quarter ended December 2015.

For the full year,net profit declined 23.12% to Rs 22.84 crore in the year ended December 2016 as against Rs 29.71 crore during the previous year ended December 2015. Sales declined 5.62% to Rs 704.15 crore in the year ended December 2016 as against Rs 746.06 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales178.93195.04 -8 704.15746.06 -6 OPM %2.728.20 -5.917.72 - PBDT7.6217.30 -56 46.1257.68 -20 PBT3.7813.00 -71 30.8140.29 -24 NP5.128.15 -37 22.8429.71 -23

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Arshiya reports consolidated net loss of Rs 95.01 crore in the December 2016 quarter
Feb 09,2017

Net Loss of Arshiya reported to Rs 95.01 crore in the quarter ended December 2016 as against net loss of Rs 92.62 crore during the previous quarter ended December 2015. Sales declined 6.35% to Rs 64.35 crore in the quarter ended December 2016 as against Rs 68.71 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales64.3568.71 -6 OPM %13.2619.30 - PBDT-61.98-69.10 10 PBT-83.77-88.86 6 NP-95.01-92.62 -3

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23 Dreamliner Aircraft Already Acquired By Air India, 4 More to Come
Feb 09,2017

Air India has acquired 23 Dreamliners progressively from September, 2012 to 9th January, 2017. The Dreamliner aircraft have experienced technical reliability issues, since induction into Air India fleet. These issues, however, do not adversely affect the safety of the airplane due to the system design and in-built system redundancy. Further, regular improvements are incorporated as a part of reliability enhancement process.

One B787-8 aircraft will be delivered in July, 2017, two B787-8 aircraft in August, 2017 and the 27th B787-8 aircraft will be delivered in October, 2017.

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Agreement for Swapping of Coal
Feb 09,2017

The Inter-Ministerial Task Force has recommended shifting of coal linkage of Gujarat State Electricity Corporation (GSECL) of about 1.2 Million Tonne from South Eastern Coalfields (SECL) to Western Coalfields (WCL), leading to annual savings in transportation cost of about Rs. 100 crore to GSECL.

Apart from this, swapping of 1.3 MT coal linkage between GSECL and Sipat TPP of National Thermal Power Corporation (NTPC) has also been implemented with annual potential savings of Rs. 458 crore to GSECL. Presently, coal is supplied to GSECL against swapped quantities at the notified price of WCL. The terms and conditions of rationalization of coal linkage like swapping at mine and port etc. are mutually agreed between NTPC and GSECL. The provision of Third party sampling and analysis at the loading end is available and the Central Institute of Mining and Fuel Research (CIMFR) is the third party for sampling and analysis. The sampling process includes the number of samples, timelimit for analysis of samples and Referee sample analysis. Both the coal company and the coal consumer power utility equally share the cost of sampling and analysis at the loading end. The Referee sample analysis is done at a government laboratory.

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Speciality Restaurants drops after reverse turnaround in Q3
Feb 09,2017

Net sales fell 1.84% to Rs 81.73 crore in Q3 December 2016 over Q3 December 2015. The announcement was made during market hours today, 18 October 2016.

Meanwhile, the S&P BSE Sensex was up 39.78 points or 0.14% at 28,329.70

On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 3,982 shares in the past one quarter. The stock hit a high of Rs 78.60 and a low of Rs 74.55 so far during the day. The stock had hit a 52-week high of Rs 102.80 on 15 June 2016. The stock had hit a 52-week low of Rs 71.50 on 2 January 2017.

The small-cap company has an equity capital of Rs 46.96 crore. Face value per share is Rs 10.

Speciality Restaurants is the owner of restaurant brands like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

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Welspun India enters into strategic agreement with Cotton Egypt Association (CEA)
Feb 09,2017

Welspun India has entered into a co-operation agreement with Cotton Egypt Association (CEA) to promote and market Egyptian cotton products worldwide.

Under the agreement, the two organisations will work together to create programmes for promotion of Egyptian Cotton logo in the retail markets across the globe. The agreement will also help enhance the complete supply chain of the Egyptian Cotton starting from cultivation to the final product, which will also benefit the Egyptian farmer and the industry as a whole. WIL will invest a sum of $3 million in a stage wise manner over next few years to support the joint initiatives.

The Cotton Egypt Association, post verifying Welspuns quality and supply chain reliability processes, has granted the company the right to use the Egyptian Cotton logo for five years until 2022.

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Gujarat Borosil awarded Excellence in Exports for year 2014-15
Feb 09,2017

Gujarat Borosil has been awarded CAPEXIL Awards for Excellence in Exports for the year 2014-15.

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Aro Granite Industries awarded Top Export Award for FY 2014-15
Feb 09,2017

Aro Granite Industries has been awarded the Top Export Award for the year 2014-15 by CAPEXIL.

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Nagarjuna Fertilizers & Chemicals director resigns
Feb 09,2017

Nagarjuna Fertilizers & Chemicals announced that the Company has received letter dated 01 February 2017 from D Ranga Raju informing that he has resigned as an Independent Director of the Company with effect from 01 February 2017.

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Adani Power allots 2,75,57,619 equity shares
Feb 09,2017

Adani Power announced BSE that the convertible warrant holders, to whom the warrants were allotted in the month of May, 2016 on preferential basis, have exercised their rights for conversion and applied for conversion of part of the warrants into equity shares. Consequently, Management Committee of the Board of Directors of the Company at its meeting held on 09 February 2017 has made allotment of total 2,75,57,619 Equity Shares of the face value of Rs. 10/- each (with a premium of Rs. 22.54 per equity share) to the said convertible warrant holders.

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Cipla slides as Q3 net profit boosted by other income
Feb 09,2017

Meanwhile, the S&P BSE Sensex was up 26.14 points, or 0.09%, to 28,316.06

On the BSE, so far 3.13 lakh shares were traded in the counter, compared with average daily volumes of 1 lakh shares in the past one quarter. The stock had hit a high of Rs 613 and a low of Rs 587.25 so far during the day. The stock hit a 52-week high of Rs 621.90 on 6 February 2017. The stock hit a 52-week low of Rs 458.25 on 25 May 2016.

The large-cap company has equity capital of Rs 160.89 crore. Face value per share is Rs 2.

Ciplas consolidated net profit rose 43.85% to Rs 374.83 crore on 18.08% rise in total income to Rs 3800.70 crore in Q3 December 2016 over Q3 December 2015. Cipla had divested its 16.7% stake in Chase Pharmaceutical Corporation to Allergan Plc. The Q3 December 2016 result includes gain on sale of investment of Rs 121 crore. The result was announced after market hours yesterday, 8 February 2017.

Ciplas earnings before interest, taxation, depreciation and amortization (EBITDA) rose 46% to Rs 678 crore in Q3 December 2016 over Q3 December 2015.

Commenting on the results, Umang Vohra, MD and Global CEO, Cipla said that the companys focused efforts on building a healthy margin profile have shown results. The trend of improvement in profitability in the last 3 quarters reflect determination towards building an operationally efficient and sustainable organization, Umang Vohra said.

Cipla is a global pharmaceutical company. Its portfolio includes over 1,000 products across wide range of therapeutic categories with one quality standard globally.

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Page Industries to pay 3rd interim dividend
Feb 09,2017

Page Industries announced that the 3rd interim dividend of Rs 25 per share shall be paid on or before 28 February 2017.

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