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Rupee retreats further
Aug 10,2017

Rupee closed lower at 64.2175/2200 per dollar on Thursday (10 August 2017), versus its previous close of 63.99/9925 per dollar.

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Maruti Suzuki India announces complete revamp of its True Value operations
Aug 10,2017

Maruti Suzuki India announced a complete revamp of its True Value operations, designed to make pre-owned cars more attractive and improved transparency.

As a part of Maruti Suzukis transformation, a network of independent True Value outlets will be set up across the country, with a larger display area for a variety of pre-owned cars of Maruti Suzuki. These outlets will be digitally integrated through a portal so that customers can access details of all the cars available at True Value outlets nation-wide. This will help customers to make their choice and visit the relevant True Value outlet for a test drive.

To ensure quality and reliability, pre-owned Maruti Suzuki cars will be carefully selected, refurbished at Maruti Suzuki workshops and offered to customers with warranty and free services.

As part of the transformation, up to 150 standalone outlets will be set up across India by March 2018.

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Dr Reddys Laboratories does not get renewal of GMP compliance certificate
Aug 10,2017

Dr Reddys Laboratories announced that its wholly owned subsidiary, betapharm Arzneimittel GmbH, Germany received a communication from the Regulatory Authority of Germany (Regierung von Oberbayern) last night, that the GMP compliance certificate in respect of the Companys Formulations Manufacturing Unit 2 plant in Bachupally, Hyderabad is not renewed consequent to the recent inspection of the plant. Pending revocation of the non-compliance notification, the plant will not be able to make any further despatch to the European Union until the next inspection, to be initiated by an invitation from betapharm.

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Shriram Transport Finance Company allots NCDs aggregating Rs 360 cr
Aug 10,2017

Shriram Transport Finance Company announced that the Allotment Committee - NCDs of the Company in its meeting held on 10 August 2017, approved and allotted 3600 Secured Redeemable Rated Listed Non-Convertible Debenture of face value of Rs.10,00,000/- (Rupees Ten Lakh only) each, aggregating to Rs. 360 crore on private placement basis.

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Tata Motors and Skoda cease discussions around potential partnership
Aug 10,2017

Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Nevertheless, the two companies have decided to keep in touch for future areas ofcollaborations.

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Tata Motors and Skoda cease discussions on potential partnership
Aug 10,2017

Tata Motors and Skoda Auto have performed a joint technical feasibility and commercial evaluation of a potential collaboration. Based on intense and constructive discussions, both the companies have jointly concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed. Nevertheless, the two companies have decided to keep in touch for future areas ofcollaborations.

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NMDC revises prices of Iron Ore
Aug 10,2017

NMDC announced revision in prices of Iron Ore with effect from 09 August 2017 as under -

Lump Ore @ Rs 2225 / WMT
Fines @ Rs 1985 WMT

Note - The above FOR prices are excluding Royalty, DMF, NMET, CESS, Forest Permit Fee and other taxes.

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Tech Mahindra allots 17194 equity shares
Aug 10,2017

Tech Mahindra has allotted 17194 equity shares under ESOP on 10 August 2017.

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HDFC allots 3.73 lakh equity shares
Aug 10,2017

Housing Development Finance Corporation has allotted 3,73,680 equity shares pursuant to exercise of options under ESOS. Post the allotment, the paid up equity capital of the company stands at 159,32,73,460 equity shares of Rs 2 each.

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Gitanjali Gems intimates of consolidation of Groups US business
Aug 10,2017

Gitanjali Gems announced that Gitanjali Group has undertaken consolidation exercise of Groups US business by way of merger of its US based subsidiaries / step down subsidiaries in the following manner:

1. Merger of Abbey USA LLC and Tri- Star Worldwide LLC into Gitanjali USA, Inc. and later the name of the surviving entity has been changed to Tri- Star Worldwide Inc.

2. Merger of Diamlink Jewelery Inc. and Jewelery Marketing Company LLC into Diamlink Inc. and later the name of surviving entity has been changed to Jewelery Marketing Company, Inc.

This consolidation exercise is undertaken with a view to reduce cost and improve efficiency of operations.

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Adani Transmission consolidated net profit declines 31.46% in the June 2017 quarter
Aug 10,2017

Net profit of Adani Transmission declined 31.46% to Rs 84.10 crore in the quarter ended June 2017 as against Rs 122.71 crore during the previous quarter ended June 2016. Sales declined 3.59% to Rs 609.32 crore in the quarter ended June 2017 as against Rs 632.01 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales609.32632.01 -4 OPM %74.2391.51 - PBDT255.20351.52 -27 PBT110.64211.76 -48 NP84.10122.71 -31

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Sadbhav Infrastructure Projects reports consolidated net loss of Rs 116.07 crore in the June 2017 quarter
Aug 10,2017

Net Loss of Sadbhav Infrastructure Projects reported to Rs 116.07 crore in the quarter ended June 2017 as against net loss of Rs 89.46 crore during the previous quarter ended June 2016. Sales rose 38.79% to Rs 502.02 crore in the quarter ended June 2017 as against Rs 361.70 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales502.02361.70 39 OPM %44.9959.98 - PBDT-54.42-39.11 -39 PBT-116.00-89.97 -29 NP-116.07-89.46 -30

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Orient Green Power Company reports consolidated net profit of Rs 9.10 crore in the June 2017 quarter
Aug 10,2017

Net profit of Orient Green Power Company reported to Rs 9.10 crore in the quarter ended June 2017 as against net loss of Rs 22.65 crore during the previous quarter ended June 2016. Sales rose 29.08% to Rs 127.29 crore in the quarter ended June 2017 as against Rs 98.61 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales127.2998.61 29 OPM %70.0464.91 - PBDT40.4811.83 242 PBT9.10-22.65 LP NP9.10-22.65 LP

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Asian Granito India consolidated net profit rises 28.27% in the June 2017 quarter
Aug 10,2017

Net profit of Asian Granito India rose 28.27% to Rs 10.39 crore in the quarter ended June 2017 as against Rs 8.10 crore during the previous quarter ended June 2016. Sales rose 6.86% to Rs 224.91 crore in the quarter ended June 2017 as against Rs 210.47 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales224.91210.47 7 OPM %13.0712.23 - PBDT20.8518.03 16 PBT13.5911.32 20 NP10.398.10 28

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Sunteck Realty consolidated net profit declines 38.51% in the June 2017 quarter
Aug 10,2017

Net profit of Sunteck Realty declined 38.51% to Rs 39.65 crore in the quarter ended June 2017 as against Rs 64.48 crore during the previous quarter ended June 2016. Sales declined 74.57% to Rs 133.37 crore in the quarter ended June 2017 as against Rs 524.53 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales133.37524.53 -75 OPM %53.0321.93 - PBDT62.53107.15 -42 PBT62.17106.66 -42 NP39.6564.48 -39

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