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Board of Orissa Sponge Iron & Steel approves change in directorate
Feb 04,2017

Orissa Sponge Iron & Steel announced that the Board of Directors of the Company at its meeting held on 02 February 2017 approved the following change in directorate -

Cessation of S K Khetan.
Appointment of Nancy Roy as Additional Independent Woman Director.
Appointment of Mukesh Bhagat as an Additional Independent Director on the Board.
Approved allotment of 15 lakh shares on conversion of equivalent share warrants.

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Board of Zee Media Corporation appoints executive director
Feb 04,2017

The Board of Directors of Zee Media Corporation at its meeting held on 03 February 2017 has approved the appointment of Jagdish Chandra as Executive Director - Regional News Channels of the Company for a period of 5 years with effect from 03 February 2017.

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Direct Benefit Transfer in Fertilizer Sector
Feb 04,2017

Union Minister of State for Chemicals and Fertilizers, Shipping, Road Transport & Highways, Shri Mansukh L. Mandaviya, in a written reply in Rajya Sabha today, said that the Direct Benefit Transfer (DBT) being implemented in fertilizer subsidy payment is slightly different from the normal DBT being implemented in LPG subsidy. The Minister informed that under the DBT in fertilizer sector, the subsidy will be released to the fertilizer companies instead of the beneficiaries, after the sale is made by the retailers to the beneficiaries.

Shri Mandaviya further explained that at present direct transfer of subsidy to beneficiaries like in LPG cannot be introduced in fertilizer sector as the beneficiaries and their entitlement is not clearly defined. Multiple subsidized products, urea and 21 grades of Phosphatic&Potassic fertilizers have different subsidy rates. The subsidy rate in respect of urea varies from company to company due to different production processes, energy efficiencies of plants, vintage etc. As the amount of subsidy in some fertilizers, particularly urea is more than double the MRP, it will be a huge financial burden on the farmers to pay the MRP and subsidy upfront and receive the subsidy amount subsequently, he added.

The Minister informed that the pilot project to introduce DBT in Fertilizer Sector has been undertaken in 16 districts as given below: 

Sl. No.DistrictState 1.UnaHimachal Pradesh2.KishanganjBihar3.HoshangabadMadhya Pradesh4.KarnalHaryana5.Kurukshetra6.KannurKerala7.NasikMaharashtra8.Raigarh9.TumkurKarnataka10.RangareddyTelengana11.KrishnaAndhra Pradesh12.West Godavari13.MaldahWest Bengal14.South 24 paraganas15.NarmadaGujarat16.PaliRajasthan

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Board of Nagarjuna Agrichem notes MoU entered with Andhra Pradesh Govt. to set up new unit
Feb 03,2017

Nagarjuna Agrichem announced that the Board of Directors of the Company at its meeting held on 03 February 2017 transacted the following -

noted that the Company has entered into a MoU with Government of Andhra Pradesh for setting up a greenfield unit in the state of Andhra Pradesh, during the 2nd Sunrise Andhra Pradesh Investment meet & 23rd edition of CII Partnership Summit held at Vishakhapatnam on 28 Janaury 2017.

Took note of resignation of K S Raju as Director of the Company with immediate effect.

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Board of Gallantt Ispat approves change in CFO
Feb 03,2017

The Board of Directors of Gallantt Ispat at its meeting held on 03 February 2017 accepted resignation of Amit Jalan as CFO and appointed Anurag Khetan as CFO with effect from 03 February 2017. The Board also approved purchase of shares/ acquisition of stake in other corporate bodies.

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Board of Novartis India appoints company secretary
Feb 03,2017

Novartis India announced that the Board of Directors of the Company at its meeting held on 03 February 2017, has approved the following:

- Appointment of Trivikram Guda as Company Secretary and Compliance Officer with effect from 03 February 2017.

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Board of Seven Hill Industries approves change in directorate
Feb 03,2017

The Board of Directors of Seven Hill Industries at its meeting held on 03 February 2017 has appointed Krupa Shah as Additional Director and accepted the resignation of Nilesh Kava and Dina Ganatra as Directors with effect from 03 February 2017.

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Quick Heal Technologies reports standalone net profit of Rs 2.62 crore in the December 2016 quarter
Feb 03,2017

Net profit of Quick Heal Technologies reported to Rs 2.62 crore in the quarter ended December 2016 as against net loss of Rs 1.54 crore during the previous quarter ended December 2015. Sales declined 1.43% to Rs 53.19 crore in the quarter ended December 2016 as against Rs 53.96 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales53.1953.96 -1 OPM %9.176.62 - PBDT12.454.85 157 PBT4.89-1.17 LP NP2.62-1.54 LP

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Pennar Engineered Building Systems standalone net profit declines 30.32% in the December 2016 quarter
Feb 03,2017

Net profit of Pennar Engineered Building Systems declined 30.32% to Rs 5.24 crore in the quarter ended December 2016 as against Rs 7.52 crore during the previous quarter ended December 2015. Sales rose 18.79% to Rs 138.38 crore in the quarter ended December 2016 as against Rs 116.49 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales138.38116.49 19 OPM %9.5012.56 - PBDT9.4813.09 -28 PBT8.1611.58 -30 NP5.247.52 -30

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Mayur Uniquoters standalone net profit declines 6.39% in the December 2016 quarter
Feb 03,2017

Net profit of Mayur Uniquoters declined 6.39% to Rs 18.62 crore in the quarter ended December 2016 as against Rs 19.89 crore during the previous quarter ended December 2015. Sales declined 5.27% to Rs 110.93 crore in the quarter ended December 2016 as against Rs 117.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales110.93117.10 -5 OPM %27.9528.04 - PBDT31.9433.16 -4 PBT27.7129.13 -5 NP18.6219.89 -6

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PVR standalone net profit declines 23.91% in the December 2016 quarter
Feb 03,2017

Net profit of PVR declined 23.91% to Rs 22.12 crore in the quarter ended December 2016 as against Rs 29.07 crore during the previous quarter ended December 2015. Sales rose 13.22% to Rs 500.32 crore in the quarter ended December 2016 as against Rs 441.89 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales500.32441.89 13 OPM %17.0317.87 - PBDT66.9668.31 -2 PBT35.7043.33 -18 NP22.1229.07 -24

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FDC standalone net profit declines 31.35% in the December 2016 quarter
Feb 03,2017

Net profit of FDC declined 31.35% to Rs 22.03 crore in the quarter ended December 2016 as against Rs 32.09 crore during the previous quarter ended December 2015. Sales declined 1.08% to Rs 217.09 crore in the quarter ended December 2016 as against Rs 219.45 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales217.09219.45 -1 OPM %16.9020.84 - PBDT41.6551.03 -18 PBT32.7242.98 -24 NP22.0332.09 -31

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Ugar Sugar Works standalone net profit rises 115.25% in the December 2016 quarter
Feb 03,2017

Net profit of Ugar Sugar Works rose 115.25% to Rs 26.82 crore in the quarter ended December 2016 as against Rs 12.46 crore during the previous quarter ended December 2015. Sales declined 30.03% to Rs 169.66 crore in the quarter ended December 2016 as against Rs 242.48 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales169.66242.48 -30 OPM %22.739.53 - PBDT32.3117.23 88 PBT28.6113.29 115 NP26.8212.46 115

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Sequel e-Routers reports standalone nil net profit/loss in the December 2016 quarter
Feb 03,2017

Sequel e-Routers reported no net profit/loss in the quarter ended December 2016 and during the previous quarter ended December 2015. Sales remain constant at Rs 0.07 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.070.07 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Sharanam Infraproject & Trading reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 03,2017

Net loss of Sharanam Infraproject & Trading reported to Rs 0.01 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 50.00% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010.02 -50 OPM %-100.000 - PBDT-0.010 0 PBT-0.010 0 NP-0.010 0

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