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Laffans Petrochemicals reports standalone net profit of Rs 0.56 crore in the December 2016 quarter
Feb 17,2017

Net profit of Laffans Petrochemicals reported to Rs 0.56 crore in the quarter ended December 2016 as against net loss of Rs 0.11 crore during the previous quarter ended December 2015. Sales rose 4700.00% to Rs 0.48 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.480.01 4700 OPM %-93.75-2900.00 - PBDT0.85-0.11 LP PBT0.81-0.14 LP NP0.56-0.11 LP

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Jaihind Synthetics standalone net profit rises 50.00% in the December 2016 quarter
Feb 17,2017

Net profit of Jaihind Synthetics rose 50.00% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015. Sales declined 16.67% to Rs 0.05 crore in the quarter ended December 2016 as against Rs 0.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.050.06 -17 OPM %60.0033.33 - PBDT0.030.02 50 PBT0.030.02 50 NP0.030.02 50

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Millennium Online Solutions (India) reports standalone net loss of Rs 0.05 crore in the December 2016 quarter
Feb 17,2017

Net loss of Millennium Online Solutions (India) reported to Rs 0.05 crore in the quarter ended December 2016 as against net profit of Rs 0.13 crore during the previous quarter ended December 2015. Sales rose 1300.00% to Rs 0.28 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. Sales0.280.02 1300 OPM %-17.86650.00 - PBDT-0.050.13 PL PBT-0.050.13 PL NP-0.050.13 PL

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Kratos Energy & Infrastructure standalone net profit rises 200.00% in the December 2016 quarter
Feb 17,2017

Net profit of Kratos Energy & Infrastructure rose 200.00% to Rs 0.09 crore in the quarter ended December 2016 as against Rs 0.03 crore during the previous quarter ended December 2015. Sales remain constant at Rs 0.75 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.750.75 0 OPM %1.334.00 - PBDT0.090.03 200 PBT0.090.03 200 NP0.090.03 200

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Millennium Online Solutions (India) reports consolidated net loss of Rs 0.03 crore in the December 2016 quarter
Feb 17,2017

Net loss of Millennium Online Solutions (India) reported to Rs 0.03 crore in the quarter ended December 2016 as against net profit of Rs 0.06 crore during the previous quarter ended December 2015. Sales declined 56.22% to Rs 1.97 crore in the quarter ended December 2016 as against Rs 4.50 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.974.50 -56 OPM %-1.521.33 - PBDT-0.030.06 PL PBT-0.030.06 PL NP-0.030.06 PL

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Cyber Media (India) reports consolidated net loss of Rs 0.11 crore in the December 2016 quarter
Feb 17,2017

Net Loss of Cyber Media (India) reported to Rs 0.11 crore in the quarter ended December 2016 as against net loss of Rs 0.77 crore during the previous quarter ended December 2015. Sales rose 10.51% to Rs 13.14 crore in the quarter ended December 2016 as against Rs 11.89 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales13.1411.89 11 OPM %2.13-0.42 - PBDT0.27-0.10 LP PBT-0.43-1.30 67 NP-0.11-0.77 86

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Mangalam Drugs and Organics provides update on audit of Unit 2
Feb 17,2017

Mangalam Drugs and Organics announced that the Company facility at Unit-2 was recently audited by WHO- Geneva and we have been issued few procedural observations. Further the Company shall respond to the same within stipulated time after the receipt of Audit Report. The Company believe that the audit was successful.

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Minda Corporation fixes record date for interim dividend
Feb 17,2017

Minda Corporation has fixed 02 March 2017 as the Record Date for the purpose of Payment of Interim Dividend.

Dividend shall be paid/dispatched on or before 07 March 2017.

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Modison Metals fixes record date for interim dividend
Feb 17,2017

Modison Metals has fixed 03 March 2017 as the Record Date for the purpose of Payment of Interim Dividend for the F.Y. 2016-17.

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Aadhaar Ventures India fixes record date for consolidation of equity shares
Feb 17,2017

Aadhaar Ventures India has fixed 03 March 2017 as a Record Date for the purpose of Consolidation of equity shares (Face value from Re. 1/- to Rs. 10/- per equity share).

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Venus Remedies to hold board meeting
Feb 17,2017

Venus Remedies will hold a meeting of the Board of Directors of the Company on 22 February 2017, to consider and approve raising of funds by way of Qualified Institutional Placement (QIP).

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Indian Hotels drops on profit booking
Feb 17,2017

Meanwhile, the S&P BSE Sensex was up 139.25 points, or 0.49%, to 28,440.52

On BSE, so far 58,000 shares were traded in the counter, compared with average daily volume of 85,789 shares in the past one quarter. The stock hit a high of Rs 120.95 and a low of Rs 115.90 so far during the day. The stock hit a 52-week high of Rs 143 on 14 July 2016. The stock hit a 52-week low of Rs 88.80 on 21 November 2016. The stock had outperformed the market over the past 30 days till 16 February 2017, rising 12.86% compared with the 3.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 32.07% as against Sensexs 8.23% rise.

The large-cap company has an equity capital of Rs 98.93 crore. Face value per share is Re 1.

Indian Hotels Companys consolidated net profit rose 598.57% to Rs 92.98 crore on 2.94% fall in total income to Rs 1151.61 crore in Q3 December 2016 over Q3 December 2015.

Indian Hotels Company (IHCL) and its subsidiaries, collectively known as Taj Group, are engaged in the business of owning, operating & managing hotels, palaces and resorts. IHCL is a Tata group company.

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Digital & cashless transactions to boost GDP- Arjun Ram Meghwal
Feb 17,2017

Digital and cashless transactions would boost GDP growth of the country in a meaningful transition for Indian economy, said Mr Arjun Ram Meghwal, Honble Minister of State for Finance and Corporate Affairs, Government of India.

He said India was on the verge of a transition from a largely cash economy to a less cash and a more digital economy. He said the move to demonetize was in accordance with the n++general will of the citizens of India towards a corruption-free societyn++.

Mr Meghwal said, n++Promotion of a digital economy has had a transformative impact and the people of India have supported the initiative. For the common man, a shift to digital payments has generated significant benefits. Migration to Digital Payments is the way forward towards a cashless economy. The Government of India has conducted various initiatives to spread awareness about the move. The Government of India was empowering people in non-urban and rural areas to enable them to adopt technology. Embracing digital and cashless economy was the collective responsibility of the Government, citizens as well as the corporate sector.n++

Mr Umang Das, Conference Chairman and Chairman, CII National Sub-Committee on Telecom Infrastructure, said, n++Demonetisation is the biggest positive step undertaken for the betterment of the country. With the Governments flagship Digital India Programme, adoption of digital payments is playing a crucial role in realizing the vision of a digitally-empowered economy. The vision also aims to change life in rural India by making every citizen a Netizen who will be fully-empowered citizens.n++

Mr Vinay Thakur, Director (Projects), National e-Governance Division, Ministry of Communications and Information, Government of India, said, n++The Government of India has drawn a roadmap towards digitally-empowered society with the focus on integration of services to citizens. We are working on enhancing digital infrastructure for high-speed connectivity aiming at paperless and cashless services.n++

Mr Stephen Kehoe, Senior Vice-President and Head of Global Financial Inclusion, Visa Inc., USA, said, n++The DFS providers have both a great opportunity to step up and be counted as India looks for support in its efforts to deliver a cash-lite economy. We need to use the recommendations to guide our own investments into new solutions for underserved and unbanked Indians across the whole country.n++

Mr P Balaji, Director - Regulatory, External Affairs & CSR, Vodafone India, said n++The Prime Minister and the Government of India have set the vision for Digital India and have taken several pioneering initiatives towards actualising it and to accelerate Indias progression into a less cash economy. The opportunity is to drive this usage for other transactions and enable seamless conversion of cash into digital currency and vice-versa. Payment banks and mobile wallets have an important role in enabling this. With appropriate policy changes, around 2 million retail outlets can easily become microtellers overnight and this can be a game changer move where the payment licensees can be leveraged to leapfrog to a cashless economy.n++

Mr Monish Shah, Partner, Deloitte Touche Tohmatsu India LLP, said, n++As India becomes increasingly digital, customers data will get created on how they live, save, behave, transact and interact. Integration of digital and financial identity of an individual will provide a unique opportunity to understand the individual needs, aspirations as well as credit worthiness. Developing a robust merchant ecosystem is paramount in creating a digital highway in influencing customer adoption and driving customer experience and engagement.n++

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HOEC slips on profit booking
Feb 17,2017

Meanwhile, the BSE Sensex was up 184.80 points, or 0.65%, to 28,486.07.

On the BSE, so far 2.38 lakh shares were traded in the counter, compared with average daily volumes of 3.57 lakh shares in the past one quarter. The stock had hit a high of Rs 76.75 and a low of Rs 74.25 so far during the day.

The stock hit a 52-week high of Rs 78.90 on 16 February 2017. The stock hit a 52-week low of Rs 26.55 on 29 February 2016.

The small-cap company has equity capital of Rs 130.49 crore. Face value per share is Rs 10.

Shares of Hindustan Oil Exploration Company (HOEC) rose 8.14% in three trading sessions to settle at Rs 75.70 yesterday, 16 February 2017, from its close of Rs 70 on 13 February 2017.

Shares of HOEC rose 2.37% to end at Rs 75.70 yesterday, 16 February 2017, after the company said it secured two contracts in consortia with Oil India, Prize Petroleum and other private company by the Government of India in the recently concluded bidding for Discovered Small Field Bids Round (DSF 2016). The announcement was made during market hours yesterday, 16 February 2017.

Hindustan Oil Exploration Company (HOEC) reported 30.22% rise in net profit to Rs 4.18 crore on 10.1% rise in net sales to Rs 5.49 crore in Q3 December 2016 over Q3 December 2015.

HOEC has a wholly owned subsidiary, HOEC Bardahl India, engaged in marketing of high performance fuel/engine additives.

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Repco Home Finance jumps on bargain hunting
Feb 17,2017

Meanwhile, the BSE Sensex was up 186.14 points, or 0.66%, to 28,487.41.

On the BSE, so far 19,000 shares were traded in the counter, compared with average daily volumes of 26,785 shares in the past one quarter. The stock had hit a high of Rs 665.25 and a low of Rs 635.10 so far during the day.

The stock hit a 52-week high of Rs 891.30 on 6 September 2016. The stock hit a 52-week low of Rs 499.50 on 20 December 2016. The stock had underperformed the market over the past 30 days till 16 February 2017, falling 0.89% compared with the 3.83% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 13.19% as against Sensexs 8.23% rise.

The mid-cap company has equity capital of Rs 62.56 crore. Face value per share is Rs 10.

Shares of Repco Home Finance fell 13.06% in three trading sessions to settle at Rs 632.80 yesterday, 16 February 2017, from its close of Rs 727.90 on 13 February 2017.

Net profit of Repco Home Finance rose 20.4% to Rs 46.44 crore on 18.7% rise in operating income to Rs 260.19 crore in Q3 December 2016 over Q3 December 2015.

Repco Home Finance (RHFL) is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. As at the end of March 2016, RHFL is operating through 120 branches and 31 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.

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