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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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N R Agarwal Industries standalone net profit rises 1028.65% in the December 2016 quarter
Feb 07,2017

Net profit of N R Agarwal Industries rose 1028.65% to Rs 20.09 crore in the quarter ended December 2016 as against Rs 1.78 crore during the previous quarter ended December 2015. Sales rose 11.52% to Rs 261.80 crore in the quarter ended December 2016 as against Rs 234.75 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales261.80234.75 12 OPM %14.158.20 - PBDT26.347.64 245 PBT20.171.78 1033 NP20.091.78 1029

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Gujarat Containers standalone net profit declines 36.00% in the December 2016 quarter
Feb 07,2017

Net profit of Gujarat Containers declined 36.00% to Rs 0.16 crore in the quarter ended December 2016 as against Rs 0.25 crore during the previous quarter ended December 2015. Sales rose 2.91% to Rs 12.01 crore in the quarter ended December 2016 as against Rs 11.67 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.0111.67 3 OPM %7.587.88 - PBDT0.350.33 6 PBT0.160.25 -36 NP0.160.25 -36

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Proaim Enterprises reports standalone net profit of Rs 0.16 crore in the December 2016 quarter
Feb 07,2017

Net profit of Proaim Enterprises reported to Rs 0.16 crore in the quarter ended December 2016 as against net loss of Rs 0.50 crore during the previous quarter ended December 2015. Sales declined 96.55% to Rs 0.01 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. Sales0.010.29 -97 OPM %1600.00-172.41 - PBDT0.16-0.50 LP PBT0.16-0.50 LP NP0.16-0.50 LP

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Upper Ganges Sugar & Industries reports standalone net profit of Rs 14.14 crore in the December 2016 quarter
Feb 07,2017

Net profit of Upper Ganges Sugar & Industries reported to Rs 14.14 crore in the quarter ended December 2016 as against net loss of Rs 4.34 crore during the previous quarter ended December 2015. Sales declined 2.26% to Rs 243.94 crore in the quarter ended December 2016 as against Rs 249.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales243.94249.58 -2 OPM %20.383.87 - PBDT40.84-0.17 LP PBT36.70-4.09 LP NP14.14-4.34 LP

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India Home Loans standalone net profit declines 30.00% in the December 2016 quarter
Feb 07,2017

Net profit of India Home Loans declined 30.00% to Rs 0.07 crore in the quarter ended December 2016 as against Rs 0.10 crore during the previous quarter ended December 2015. Sales rose 23.58% to Rs 1.31 crore in the quarter ended December 2016 as against Rs 1.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.311.06 24 OPM %44.2746.23 - PBDT0.110.16 -31 PBT0.100.14 -29 NP0.070.10 -30

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Suditi Industries standalone net profit rises 100.00% in the December 2016 quarter
Feb 07,2017

Net profit of Suditi Industries rose 100.00% to Rs 0.36 crore in the quarter ended December 2016 as against Rs 0.18 crore during the previous quarter ended December 2015. Sales rose 24.32% to Rs 19.32 crore in the quarter ended December 2016 as against Rs 15.54 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales19.3215.54 24 OPM %8.648.88 - PBDT1.010.88 15 PBT0.540.25 116 NP0.360.18 100

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Hexaware Technologies consolidated net profit rises 22.26% in the December 2016 quarter
Feb 07,2017

Net profit of Hexaware Technologies rose 22.26% to Rs 121.48 crore in the quarter ended December 2016 as against Rs 99.36 crore during the previous quarter ended December 2015. Sales rose 14.81% to Rs 940.87 crore in the quarter ended December 2016 as against Rs 819.51 crore during the previous quarter ended December 2015.

For the full year,net profit rose 6.08% to Rs 417.11 crore in the year ended December 2016 as against Rs 393.21 crore during the previous year ended December 2015. Sales rose 13.17% to Rs 3534.90 crore in the year ended December 2016 as against Rs 3123.52 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales940.87819.51 15 3534.903123.52 13 OPM %17.2515.90 -16.2617.15 - PBDT176.23139.00 27 614.02552.86 11 PBT162.25125.85 29 558.18504.61 11 NP121.4899.36 22 417.11393.21 6

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Hexaware Technologies standalone net profit rises 30.52% in the December 2016 quarter
Feb 07,2017

Net profit of Hexaware Technologies rose 30.52% to Rs 105.67 crore in the quarter ended December 2016 as against Rs 80.96 crore during the previous quarter ended December 2015. Sales rose 12.76% to Rs 368.84 crore in the quarter ended December 2016 as against Rs 327.11 crore during the previous quarter ended December 2015.

For the full year,net profit rose 6.94% to Rs 356.07 crore in the year ended December 2016 as against Rs 332.97 crore during the previous year ended December 2015. Sales rose 7.69% to Rs 1393.04 crore in the year ended December 2016 as against Rs 1293.60 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales368.84327.11 13 1393.041293.60 8 OPM %35.3031.28 -32.6833.34 - PBDT144.13108.48 33 493.00448.89 10 PBT133.5497.74 37 450.41408.05 10 NP105.6780.96 31 356.07332.97 7

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Bansisons Tea Industries reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 07,2017

Net profit of Bansisons Tea Industries remain constant at Rs 0.01 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. Sales rose 32.00% to Rs 0.33 crore in the quarter ended December 2016 as against Rs 0.25 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.330.25 32 OPM %9.098.00 - PBDT0.030.02 50 PBT0.020.01 100 NP0.010.01 0

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L G Balakrishnan & Bros standalone net profit declines 9.66% in the December 2016 quarter
Feb 07,2017

Net profit of L G Balakrishnan & Bros declined 9.66% to Rs 13.94 crore in the quarter ended December 2016 as against Rs 15.43 crore during the previous quarter ended December 2015. Sales rose 0.35% to Rs 267.30 crore in the quarter ended December 2016 as against Rs 266.38 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales267.30266.38 0 OPM %12.7512.87 - PBDT32.1930.85 4 PBT19.6719.53 1 NP13.9415.43 -10

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Board of AVT Natural Products declares interim dividend
Feb 07,2017

AVT Natural Products announced that the Board of Directors approved the following at their meeting held on 07 February 2017 :

1. Re- appointment of M.N Satheesh Kumar, President & COO as the Manager (KMP) of the Company for a period of 3 years, w.e.f -01 April 2017.

2. Declaration the Interim Dividend of 20% (Re. 0.20/- per equity share with face value of Re. 1/- each) for the Financial year 2016-17.

3. Purchase of land at Karnataka for future expansion of the Company.

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Tata Communications partners with Dorna Sports
Feb 07,2017

Tata Communications has been selected by Dorna Sports as the exclusive video distribution partner for the FIM MotoGPn++ World Championship and Superbike World Championship (WorldSBK). Tata Communications will distribute the motorcycle road racing action from five continents to over 80 media partners, reaching over 200 million households, using itsglobal superfast fibre and satellite network.

As part of the new partnership, Tata Communications and Dorna will collaborate on several innovation projects involving technologies such as low-latency Ultra-High Definition (UHD), 360n++ and live OTT video feeds, as well as remote production and High-Dynamic-Range (HDR) imaging, enabled by Tata Communications Media Ecosystem. This ecosystem, including the Video Connect service, combines traditional video contribution services and IP connectivity in a global cloud-based platform.

It will allow Dorna to manage and distribute MotoGPn++ and WorldSBK video feeds from any location to any device in perfect synchronicity. By eliminating the common lag with OTT content delivery, Tata Communications Media Ecosystem ensures a truly real-time and interactive race experience for fans, whether they are watching the action on TV or a mobile device.

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Idea Cellular proposes to issue NCDs aggregating Rs 1000 crore
Feb 07,2017

Idea Cellular proposes to issue secured redeemable non-convertible debentures amounting to Rs 1000 crore on private placement basis. The deemed date of allotment is 08 February 2017.

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Board of Minda Industries declares interim dividend
Feb 07,2017

Minda Industries announced that the Board of Directors in their meeting dated 07 February 2017 have approved and declared the following interim dividend -

a. At the rate of Rs. 1.20 per share i.e. 60% on 79,326,780 equity shares (face value of Rs. 2 each);

b. At the rate of Rs. 0.30 per share on 3,500,000 3% cumulative redeemable preference share of Rs.10 each.

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Solar Industries India fixes record date for interim dividend
Feb 07,2017

Solar Industries India announced has fixed 20 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

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