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HCL Infosystems reports consolidated net loss of Rs 50.73 crore in the December 2016 quarter
Feb 01,2017

Net Loss of HCL Infosystems reported to Rs 50.73 crore in the quarter ended December 2016 as against net loss of Rs 56.82 crore during the previous quarter ended December 2015. Sales declined 31.60% to Rs 764.64 crore in the quarter ended December 2016 as against Rs 1117.88 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales764.641117.88 -32 OPM %-5.18-5.19 - PBDT-53.96-57.58 6 PBT-65.81-68.75 4 NP-50.73-56.82 11

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NELCO consolidated net profit rises 89.26% in the December 2016 quarter
Feb 01,2017

Net profit of NELCO rose 89.26% to Rs 2.29 crore in the quarter ended December 2016 as against Rs 1.21 crore during the previous quarter ended December 2015. Sales rose 7.70% to Rs 36.49 crore in the quarter ended December 2016 as against Rs 33.88 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales36.4933.88 8 OPM %12.3613.13 - PBDT4.493.09 45 PBT2.351.34 75 NP2.291.21 89

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NLC India fixes record date for buyback of shares
Feb 01,2017

NLC India has fixed 10 February 2017 as the Record Date for determining the entitlement and the names of the Eligible Equity Shareholders/Beneficial Owners to whom the letter of offer will be sent and will be eligible to participate in the buyback of 15,06,06,061 (Fifteen Crore Six Lakh Six Thousand and Sixty One) fully paid-up equity shares of the Company.

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Board of Amrutanjan Health Care to consider Q3 results and 2nd interim dividend
Feb 01,2017

Amrutanjan Health Care announced that a meeting of the Board of Directors is scheduled to be held on 09 February 2017, inter alia, to consider and approve the following:

1. Un-audited Standalone Financial Results along with the Limited Review Report for the quarter and nine months ended 31 December 2016.

2. Declaration of 2nd interim dividend for the financial year 2016-17.

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Suven Life Sciences to pay interim dividend
Feb 01,2017

Suven Life Sciences announced that interim dividend will be paid on and from 16 February 2017.

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Board of Suven Life Sciences declares interim dividend
Feb 01,2017

Suven Life Sciences announced that the Board of Directors of the Company, at its meeting held on 01 February 2017, has approved the following matters:

1. The Board declared an interim dividend of Rs. 1/- per equity share of face value Rs 1/- each for the year 2016-2017.

2. The above said dividend will be paid on and from 16 February 2017.

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Amrutanjan Health Care fixes record date for interim dividend
Feb 01,2017

Amrutanjan Health Care has fixed 17 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

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Atul Auto announces sales figures
Feb 01,2017

Atul Auto reported total sales of 2349 units in January 2017, a decline of 36.65% compared to 3708 units in January 2016. For the period April- January, total sales stood 11.65% lower at 32759 units compared to corresponding period of previous year.

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Fertilizer stocks gain on FMs impetus to agri sector in Budget 2017-18
Feb 01,2017

National Fertilizers (up 5.72%), Coromandel International (up 4.19%), Deepak Fertilisers & Petrochemicals Corporation (up 4.07%), Fertilizers & Chemicals Travancore (up 3.85%), Gujarat Narmada Valley Fertilizers & Chemicals (up 1.34%) and Gujarat State Fertlizers & Chemicals (up 0.74%) edged higher. Chambal Fertilisers & Chemicals (down 3.22%) and Rashtriya Chemicals & Fertilizers (down 0.09%) edged lower.

Meanwhile, the S&P BSE Sensex was up 415.36 points or 1.5% at 28,071.32.

Among a slew of measures, the Finance Minister raised agriculture credit to farmers to a record Rs 10 lakh crore for FY 2018. This is against the governments agriculture credit target of Rs 9 lakh crore for the ongoing financial year (FY 2017). The finance minister said that the agriculture sector will grow at 4.1% in FY 2017, adding that the total area sown under Rabi and Kharif season is more than last year.

Jaitley said that the coverage under Pradhan Mantri Fasal Bima Yojana will be increased from 30% to 40% in 2017-18 and 50% in 2018-19.

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SRF provides update on its greenfield packaging film line project in Indore
Feb 01,2017

SRF announced that trial production of BOPET film has started in a new greenfield packaging film line project in the Domestic Tariff Area, Indore.

The project is likely to be commissioned, capitalized and start commercial production in next few days, which will be communicated separately.

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Yash Papers provides production update
Feb 01,2017

Yash Papers announced that Unit - 2 of the Company has recorded highest ever monthly production of paper i.e. 814 MT in January, 2017.

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Ashok Leyland announces sales figures
Feb 01,2017

Ashok Leyland has reported total sale of 14872 units in January 2017 compared to 13886 units in January 2016, recording a growth of 7%. For the period, April- January 2017, total sales were 112317 units, recording a growth of 2% over the corresponding period of pervious year.

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Cabinet approves Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) of Pradhan Mantri AwasYojana (PMAY) from 15 to 20 years
Feb 01,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval to the proposals for

(i) Extension of tenure of loans under the Credit Linked Subsidy Scheme (CLSS) vertical of Pradhan MantriAwasYojana (Urban) Mission from 15 to 20 years (to be renamed as CLSS for EWS/LIG. It will be named as CLSS for economically weaker sections of society / Lower Income Group;

(ii) Introduction of a new Credit-Linked Subsidy Scheme for MIGn++ for targeting the MIG category;

(iii) Allowing the Primary Lending Institutions (PLIs) that have signed MoU with the Central Nodal Agencies (CNAs), under the CLSS vertical of PMAY(Urban) (now CLSS for EWS/LIG), the option to extend the mandate of their MoU to CLSS for MIG with appropriate changes as applicable;

(iv) For rationalizing/introducing the processing fees payable to the PLIs for the loans sanctioned under these schemes;

(v) Allocation of Rs. 1000 crore initially in the budget for 2017-18 at the BE stage for the proposed CLSS for MIG and

(vi) Issue of the operational guidelines for CLSS for MIG with approval of the Minister-in-charge.

Objectives

a. Increase the off-take in EWS and LIG segments under existing Pradhan Mantri Awas Yojana (Urban) - Housing for All Mission;

b. Outreach to the Middle Income Group (MIG);

c. Make procedures easy for the Primary Lending Institutions (PLIs);

d. Provide an incentive to PLIs for increased participation in the housing and urban development sector;

e. Make available funds through necessary funds through Budgetary provisions and

f. Clearly define the procedure /implementation of programmes.

The outreach of the schemes will ensure greater participation amongst the EWS, LIG and MIG segment of the society to provide Housing for All by 2022, thereby ensuring equity and inclusiveness.

The interest subsidy to be disbursed to the beneficiaries will be credited to their home loan accounts after the PLIs have satisfied the eligibility criteria through their due diligence processes.

The proposed interest subsidy scheme for the MIG is an innovative approach to address the needs of housing of this category.

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NTPC declares commercial operations for 1st unit of 660 MW Mouda Super Thermal Power Station
Feb 01,2017

NTPC announced that 1st Unit of 660 MW of Mouda Super Thermal Power Station Stage-II (2 X 660 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01 February 2017.

With this, the commercial capacity of Mouda Super Thermal Power Station, NTPC and NTPC group has become 1660 MW, 40262 MW and 46838 MW respectively.

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RBI mandates Kotak Mahindra Bank to bring down promoter shareholding
Feb 01,2017

Kotak Mahindra Bank has received a communication from the Reserve Bank of India to bring down its promoter shareholding to 30% by 30 June 2017, 20% by 31 December 2018 and 15% by 31 March 2020.

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