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Lloyds Steels Industries reports standalone net profit of Rs 1.49 crore in the March 2017 quarter
Apr 21,2017

Net profit of Lloyds Steels Industries reported to Rs 1.49 crore in the quarter ended March 2017 as against net loss of Rs 7.38 crore during the previous quarter ended March 2016. Sales declined 5.63% to Rs 37.05 crore in the quarter ended March 2017 as against Rs 39.26 crore during the previous quarter ended March 2016.

For the full year,net profit rose 251.56% to Rs 2.25 crore in the year ended March 2017 as against Rs 0.64 crore during the previous year ended March 2016. Sales declined 34.74% to Rs 76.15 crore in the year ended March 2017 as against Rs 116.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales37.0539.26 -6 76.15116.68 -35 OPM %1.35-26.57 --3.95-1.53 - PBDT0.79-7.01 LP 2.422.11 15 PBT0.53-7.38 LP 1.290.64 102 NP1.49-7.38 LP 2.250.64 252

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Mindtree standalone net profit declines 31.52% in the March 2017 quarter
Apr 21,2017

Net profit of Mindtree declined 31.52% to Rs 113.20 crore in the quarter ended March 2017 as against Rs 165.30 crore during the previous quarter ended March 2016. Sales declined 0.40% to Rs 1196.30 crore in the quarter ended March 2017 as against Rs 1201.10 crore during the previous quarter ended March 2016.

For the full year,net profit declined 15.82% to Rs 489.10 crore in the year ended March 2017 as against Rs 581.00 crore during the previous year ended March 2016. Sales rose 9.51% to Rs 4752.60 crore in the year ended March 2017 as against Rs 4339.80 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1196.301201.10 0 4752.604339.80 10 OPM %14.2118.77 -15.1618.46 - PBDT178.70246.70 -28 764.80882.70 -13 PBT145.10212.60 -32 631.70750.90 -16 NP113.20165.30 -32 489.10581.00 -16

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Diamond Power Infrastructure reports standalone net loss of Rs 316.90 crore in the March 2017 quarter
Apr 21,2017

Net Loss of Diamond Power Infrastructure reported to Rs 316.90 crore in the quarter ended March 2017 as against net loss of Rs 204.09 crore during the previous quarter ended March 2016. Sales declined 72.90% to Rs 192.28 crore in the quarter ended March 2017 as against Rs 709.62 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 794.73 crore in the year ended March 2017 as against net loss of Rs 269.36 crore during the previous year ended March 2016. Sales declined 44.65% to Rs 1131.73 crore in the year ended March 2017 as against Rs 2044.83 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales192.28709.62 -73 1131.732044.83 -45 OPM %-158.15-17.39 --57.82-2.41 - PBDT-325.26-187.33 -74 -827.87-226.52 -265 PBT-350.52-204.09 -72 -921.82-283.98 -225 NP-316.90-204.09 -55 -794.73-269.36 -195

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Mastek reports standalone net profit of Rs 5.83 crore in the March 2017 quarter
Apr 21,2017

Net profit of Mastek reported to Rs 5.83 crore in the quarter ended March 2017 as against net loss of Rs 2.30 crore during the previous quarter ended March 2016. Sales declined 57.15% to Rs 34.64 crore in the quarter ended March 2017 as against Rs 80.84 crore during the previous quarter ended March 2016.

For the full year,net profit rose 88.93% to Rs 25.26 crore in the year ended March 2017 as against Rs 13.37 crore during the previous year ended March 2016. Sales declined 54.64% to Rs 171.78 crore in the year ended March 2017 as against Rs 378.67 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales34.6480.84 -57 171.78378.67 -55 OPM %13.48-5.12 -17.655.90 - PBDT6.990.78 796 41.4138.57 7 PBT4.02-2.36 LP 29.3723.68 24 NP5.83-2.30 LP 25.2613.37 89

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Keynote Corporate Services announces resignation of company secretary
Apr 21,2017

Keynote Corporate Services announced the resignation of Saloni Dilip Maru, as a Company Secretary and Compliance Officer of the Company. Further, the Company has finalized the candidature of Sujeet Krishna More for the post of Company Secretary and Compliance Officer of the Company subject to approval by the Board at the ensuing Board Meeting of the Company.

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World Bank Approves $ 375 Million Loan for Developing National Waterway-1
Apr 21,2017

In a major boost towards realising countrys ambitious inland waterways project, the World Bank has approved a $375 million loan for capacity augmentation of National Waterway-1(River Ganga) under Jal Marg Vikas Project (JMVP).

The government is developing NW-1 (River Ganga) under JMVP from Haldia to Varanasi (1390 Km) with the technical and financial assistance of the World Bank at an estimated cost of Rs 5369 crore. The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT.

Under the project, there are going to be three multi-modal terminals--one each at Varanasi (Uttar Pradesh), Sahibganj (Jharkhand), and Haldia (West Bengal), two inter-modal terminals- at Kalughat and Ghazipur, a new Navigation Lock at Farakka, five Roll on-Roll off (Ro-Ro) terminals, development of Ferry services at Varanasi, Patna, Bhagalpur, Munger, Kolkata and Haldia and Vessel repair and maintenance facilities.

While the contracts for construction of multi-modal terminals at Varanasi, Sahibganj, and a new Navigation Lock at Farakka have been awarded, and the work at respective sites has commenced, the construction of multi-modal terminal at Haldia will begin soon. The foundation stone for the multi-modal terminal at Sahibganj was laid by the Prime Minister Shri Narendra Modi on 6th April, 2017. In August 2016, the Minister for Road Transport, Highways & Shipping Shri Nitin Gadkari laid the foundation stone for multi-modal terminal at Varanasi.

Jal Marg Vikas Project also includes proposal for Performance Based Maintenance Dredging Contract for Provision of Least Assured Depth (LAD) of 3 metres between Farakka to Kahalgaon, and Sultanganj to Barh; LAD of 2.5 metres between Barh to Doriganj, and Doriganj to Ghazipur; and LAD of 2.2 metres between Ghazipur to Varanasi.

In addition, the project will enable IWAI setting up of River Information Service System on NW -1 for the first time in India. River Information System (RIS) are equipment, hardware and software information technology (IT) related services designed to optimize traffic and transport processes in inland navigation.

JMVP will also support the design and development of low draft vessels capable of carrying up to 2000 tonnes of cargo in shallower depths.

NW-1 is a waterway of national significance passing through Uttar Pradesh, Bihar, Jharkhand and West Bengal, serving the major cities of Allahabad, Varanasi, Ghazipur, Bhagalpur, Patna, Howrah, Haldia and Kolkata, and their industrial hinterland including several industries located in the Ganga basin. The Rail and Road corridors in this region are heavily saturated. Hence, the development of NW-1 would provide an alternative, viable, economical, efficient and eco-friendly mode of transport. The waterway will act as a catalyst in the socio-economic development of the regions by creating new business and employment opportunities.

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Anshuni Commercials announces resignation of directors
Apr 21,2017

Anshuni Commercials has received resignation from Navin Shah, Director of the Company, due to his pre occupation of work and from Maulik Shah, Independent Director of the Company, due to his personal reasons. Further said Resignation Letters were duly accepted by Company on 20 April 2017 and Resignation is effective from 20 April 2017.

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D B Corp allots 11,821 equity shares
Apr 21,2017

D B Corp has allotted 11,821 shares of Rs. 10/- each on exercise of 11,821 stock options under DBCL-ESOS- 2010 and DBCL-ESOS- 2011 - Tranches 1 and 4 Schemes to its employees covered under the scheme.

Following are the details of the increase in the Issued and Paid-up Capital of the Company:
Existing Issued and Paid-up Capital (Equity Shares of Rs. 10/- each)- 18,38,95,258
Shares allotted / increased by (Equity Shares of Rs. 10/- each)- 11,821
Revised Issued and Paid-up Capital (Equity Shares of Rs. 10/- each) -18,39,07,079.

The new equity shares rank pari passu in all respects with the existing capital.

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Intec Capital announces resignation of CFO and KMP
Apr 21,2017

Intec Capital announced the resignation of Sudhindra Sharma as CFO and KMP of the Company with effect from 20 April 2017.

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Hira Automobile announces demise of director
Apr 21,2017

Hira Automobile announced the demise of Isher Singh as Director of the Company.

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Lykis announces resignation of company secretary
Apr 21,2017

Lykis announced that Shailesh Kanji Bhaskar has resigned as a Company Secretary of the Company with effect from 21 April 2017.

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Garware-Wall Ropes announces resignation of director
Apr 21,2017

Garware-Wall Ropes announced that Subbarao Venkata Murukutla, Non-Independent - Non-Executive Director has tendered his resignation as Director of the Company effective from 21 April 2017 (closure of business hours), due to personal reason.

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Jain Irrigation corrects on profit booking
Apr 21,2017

Meanwhile, the S&P BSE Sensex was down 53.74 points, or 0.18% to 29,368.65.

On the BSE, 14.24 lakh shares were traded in the counter so far, compared with average daily volumes of 6.22 lakh shares in the past one quarter. The stock had hit a high of Rs 115.50 and a low of Rs 110.65 so far during the day. The stock hit a 52-week high of Rs 116 on 20 April 2017. The stock hit a 52-week low of Rs 59.90 on 29 April 2016.

The stock had outperformed the market over the past one month till 20 April 2017, rising 21.49% compared with 0.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.55% as against Sensexs 8.83% rise.

The mid-cap company has equity capital of Rs 92.03 crore. Face value per share is Rs 2.

Shares of Jain Irrigation Systems rose 14.53% in two trading sessions to settle at Rs 113.90 yesterday, 20 April 2017, from its close of Rs 99.45 on 18 April 2017.

Jain Irrigation Systems announced during trading hours today, 21 April 2017, that it bagged the Poorigali Integrated Micro Irrigation Project by Cauvery Neeravari Nigam, Government of Karnataka through national competitive bidding. The project is valued at Rs 569 crore.

Shares of Jain Irrigation Systems rose 5.71% to Rs 113.90 yesterday, 20 April 2017, after the company said it acquired 80% stake in two US-based entities. The company, through its US-based wholly owned subsidiary, agreed to acquire 80% stake in two US-based entities. Two of the United States largest micro-irrigation dealers - Agri-Valley Irrigation, Inc. (AVI) and Irrigation Design and Construction, Inc. (IDC), have entered into an agreement to merge ownership of their businesses into a newly formed distribution company. The new organization is an un-paralleled leader in design, construction, service, and innovative Ag Technology. This entity will provide a unique platform to help growers implement state-of-the-art irrigation technology and achieve More Crop Per Drop. AVI and IDC have been long tenured stable companies with operations in United States of America.

The merger will help Jain Irrigation to forward integrate itself in the value chain and build direct relationship with growers. No government or regulatory approvals are required to complete the transaction. The transaction is expected to be completed in the next few weeks. The consideration for transaction will be paid in cash not exceeding $48.50 million and subject to net working capital adjustments at the time of closing.

On a consolidated basis, Jain Irrigation Systems reported net profit of Rs 6.15 crore in Q3 December 2016 compared with net loss of Rs 23.01 crore in Q3 December 2015. Net sales rose 4.5% to Rs 1417.82 crore in Q3 December 2016 over Q3 December 2015.

Jain Irrigation Systems is engaged in manufacturing of micro irrigation systems, PVC pipes, HDPE pipes, plastic sheets, agro processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs.

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Patanjali to go global says Acharya Balkrishna
Apr 21,2017

Shri Acharya Balkrishna, co-founder and CEO of Patanjali Ayurveda announced Patanjalis plans of going global in the near future.

He urged players of food processing sector to come together and promote heathy food products.

n++This initiative taken by FICCI is an example of industry players taking a step towards making Indian food industry an international brand accepted by all. Patanjali Ayurveda is committed to go global and fight adulteration in Food industry,n++ said Shri Acharya Balakrishna, CEO, Patanjali Ayurveda.

Patanjali already has its presence in many countries thereby giving a push to Prime Minister Shri Narendra Modis drive of Make in India.

The Food Buyer Seller Meet is an unique initiative taken by FICCI to promote Indian Food Industries and showcase brand India as global suppliers of various food products. Buyers from Kingdom of Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman, Vietnam, Malaysia, Bangladesh, Iran, Egypt, European and African countries are participating in the food buyer seller meet. More than 1500 buyer seller meetings are expected to take place at this event. The estimated worth of business to be generated from this event is one hundred crores rupees.

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Bharti Infratel moves higher on brokerage rating
Apr 21,2017

Meanwhile, the S&P BSE Sensex was down 52.33 points or 0.18% at 29,370.06.

On the BSE, 1.32 lakh shares were traded on the counter so far as against the average daily volumes of 71.59 lakh shares in the past one quarter. The stock had hit a high of Rs 356 and a low of Rs 346.40 so far during the day.

The stock had hit a 52-week high of Rs 412.55 on 28 July 2016 and a 52-week low of Rs 283.10 on 28 February 2017. It had outperformed the market over the past one month till 20 April 2017, advancing 11% compared with the Sensexs 0.33% fall. The scrip had, however, underperformed the market over the past one quarter, declining 2.97% as against the Sensexs 8.83% rise.

The large-cap company has equity capital of Rs 1849.61 crore. Face value per share is Rs 10.

On consolidated basis, Bharti Infratels net profit rose 25.3% to Rs 620.40 crore on 9.6% growth in net sales to Rs 1530 crore in Q3 December 2016 over Q3 December 2015.

Bharti Infratel is one of the leading providers of tower and related infrastructure. It deploys, owns and manages telecom towers and communication structures, for various mobile operators.

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