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NCC standalone net profit rises 21.19% in the June 2017 quarter
Aug 08,2017

Net profit of NCC rose 21.19% to Rs 63.43 crore in the quarter ended June 2017 as against Rs 52.34 crore during the previous quarter ended June 2016. Sales rose 5.92% to Rs 2013.73 crore in the quarter ended June 2017 as against Rs 1901.14 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2013.731901.14 6 OPM %8.498.72 - PBDT105.73100.38 5 PBT78.1872.64 8 NP63.4352.34 21

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L G Balakrishnan & Bros standalone net profit rises 21.77% in the June 2017 quarter
Aug 08,2017

Net profit of L G Balakrishnan & Bros rose 21.77% to Rs 11.13 crore in the quarter ended June 2017 as against Rs 9.14 crore during the previous quarter ended June 2016. Sales rose 7.61% to Rs 279.04 crore in the quarter ended June 2017 as against Rs 259.31 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales279.04259.31 8 OPM %11.4010.55 - PBDT29.7124.48 21 PBT17.0112.86 32 NP11.139.14 22

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Sundaram Clayton reports standalone net loss of Rs 3.81 crore in the June 2017 quarter
Aug 08,2017

Net loss of Sundaram Clayton reported to Rs 3.81 crore in the quarter ended June 2017 as against net profit of Rs 11.44 crore during the previous quarter ended June 2016. Sales rose 7.66% to Rs 373.04 crore in the quarter ended June 2017 as against Rs 346.49 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales373.04346.49 8 OPM %4.928.46 - PBDT12.5526.13 -52 PBT-3.8111.34 PL NP-3.8111.44 PL

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Meghmani Organics consolidated net profit rises 55.08% in the June 2017 quarter
Aug 08,2017

Net profit of Meghmani Organics rose 55.08% to Rs 43.33 crore in the quarter ended June 2017 as against Rs 27.94 crore during the previous quarter ended June 2016. Sales rose 16.84% to Rs 421.21 crore in the quarter ended June 2017 as against Rs 360.51 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales421.21360.51 17 OPM %21.6520.78 - PBDT85.0365.49 30 PBT62.0140.13 55 NP43.3327.94 55

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Vinati Organics proposes buyback of shares
Aug 08,2017

Vinati Organics proposes to buyback shares of the Company. The Board of Directors of the Company will consider the proposal on 11 August 2017.

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Ujaas Energy receives two orders
Aug 08,2017

Ujaas Energy has received two orders from Jharkhand Renewable Energy Development Agency as under -

Work order for installation and commissioning of Grid Connected Rooftop SPV Power Plants for an approx. capacity of 3.5 MW on turnkey basis for individual, commercial and industrial electricity consumers in the state of Jharkhand.

Work order for installation and commissioning of Grid Connected Rooftop SPV Power Plants for an approx. capacity of 5 MW on turnkey basis on Government buildings in the state of Jharkhand.

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Board of Valson Industries appoints director and CEO
Aug 08,2017

Valson Industries announced that the Board of Directors of the Company at its meeting held on 05 August 2017 has appointed Radhika V. Shah as Independent Director of the Company w.e.f. 05 August, 2017.

Further the Company at its 33rd Annual General Meeting has regularized the appointment of Kunal S. Mutreja as Director and also appointed him as Director-CEO of the Company.

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Axis Bank reduces interest rates on saving account balances
Aug 08,2017

Axis Bank has revised the interest rate downward on Savings Account balance by 50 bps to 3.50 per cent per annum on balance of up to Rs. 50 lakhs. The Bank will continue to offer 4.00 per cent interest per annum on Savings Account balance of Rs. 50 lakhs and above.

The new interest rates will be effective from 8 August, 2017.

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Vijaya Bank announces change in directorate
Aug 08,2017

Vijaya Bank announced the appointment of Rajan Dogra and Raghvender Gupta as Directors of the Bank consequent to Election of Shareholder Directors.

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Central Bank of India gets downgrade in rating for Upper Tier II Bonds
Aug 08,2017

Central Bank of India announced that ICRA has downgraded the rating on Upper Tier II Bonds from ICRA A; Negative to ICRA A-; Negative.

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GTL Infrastructure proposes to issue FCCBs
Aug 08,2017

GTL Infrastructure has proposed exchange of existing Interest Bearing Convertible Bonds due 2017 with freshly issued FCCBs. The proposed exchange of bonds has received the approval of the lenders of the Company as part of strategic debt restructuring scheme. The proposed exchange of bonds is subject to receipt of further statutory approvals. Upon completion of the aforesaid process, the unsecured debt held through optionally convertible bonds will stand reduced from Rs 1441.69 crore as on 31 March 2017 to approx. Rs 655 crore.

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Thomas Cook (India) launches Romantic Gateways group tours
Aug 08,2017

Thomas Cook (India) has recently launched a unique group tours portfolio, Romantic Getaways, to tap into Middle Indias high growth honeymoon travel segment.

Thomas Cooks unique product line of Honeymoon Group Tours-Romantic Getaways- exclusively for couples. The tours have been designed to delight honeymooners with a relaxed/easy paced itinerary (starting late morning and ending by early evening) ensuring couples timetogether-away from the group, must-see attractions, special value-adds like candle-light dinners, a couple spa, wine and chocolates, stretch-limousine transfers, etc.

Thomas Cooks Romantic Getaways feature Indias favourite romantic destinations: Singapore with a Cruise, France & Switzerland, New Zealand, Bali and Mauritius with Dubai.

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High Capacity Parcel Vans in Indian Railways
Aug 08,2017

To meet the demand of full vehicle load perishable traffic, Indian Railways has developed High Capacity Parcel Vans (VPs) with a capacity of 23 Tonnes which are attached to passenger carrying trains subject to availability of room in train and operational feasibility.

To facilitate transportation of milk through Rail, specially designed High Capacity Milk Tankers having capacity of 44.66 KL are run as Special trains. At present 3 Milk tanker trains are being run of which 2 trains are run by Gujarat Corporative Milk Marketing Federation Ltd. (GCMMFL) from Palanpur to Bhim Sen and other by Mother Dairy from Daund to Baraut.

In addition to this, Indian Railways also run special parcel train consisting of High Capacity Parcel Vans for transportation of fruits in bulk like Mango, Banana, Orange etc. on demand, on a fixed path between specific origin-destination stations. Railways supply rakes for transportation of fruits on indent basis.

For transportation of horticulture produce in container, Container Corporation of India (CONCOR) has procured 98 Ventilated Isolated Containers specially designed for movement of fruits and vegetables.

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AGI Infra wins award for Most Affordable Residential Developer in Punjab
Aug 08,2017

AGI Infra has received the award for Most Affordable Residential Developer in Punjab in Business Leaders Summit & Awards 2017.

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Centrum Capital to pay final dividend
Aug 08,2017

Centrum Capital announced that final dividend if declared by the shareholders, will be paid on or before 30 September 2017.

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