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Great Eastern Shipping Company signs contract to buy Medium Range Product Tanker
Apr 21,2017

Great Eastern Shipping Company has signed a contract to buy a Medium Range Product Tanker of about 51,000 dwt. The 2008 built vessel is expected to join the Companys fleet in Q1 FY18

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Tinplate Company of India appoints director
Apr 21,2017

Tinplate Company of India has appointed Shashi Kant Maudgal as an Additional Director of the Company with immediate effect i.e. 21 April, 2017. Maudgal will be acting as an Independent Director on the Board of the Company.

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Dr Reddys Laboratories launches Progesterone Capsules
Apr 21,2017

Dr Reddys Laboratories announced that it has launched Progesterone Capsules, 100mg and 200 mg, a therapeutic equivalent generic version of Prometrium (Progesterone) Capsules in the United States market, approved by the United States Food and Drug Administration.

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Jattashankar Industries appoints CFO
Apr 21,2017

Jattashankar Industries appoints Ankur Poddar as CFO of the Company.

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Rupee skids
Apr 21,2017

Rupee closed lower at 64.6475/6525 per dollar on Friday (21 April 2017), versus its previous close of 64.5975/6050 per dollar.

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Lumax Industries to hold board meeting
Apr 21,2017

Lumax Industries will hold a meeting of the Board of Directors of the Company on 13 May 2017.

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Board of Mindtree recommends final dividend
Apr 21,2017

Mindtree announced that the Board of Directors of the Company at its meeting held on 20 April 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Indian Hotels Co to hold board meeting
Apr 21,2017

Indian Hotels Co will hold a meeting of the Board of Directors of the Company on 18 May 2017, to approve the allottment of 2000, rated, listed, unsecured, redeemable, non-cumulative & non- convertible debentures aggregating to Rs. 200 crores on private placement basis.

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Board of Bharat Seats recommends final dividend
Apr 21,2017

Bharat Seats announced that the Board of Directors of the Company at its meeting held on 20 April 2017, inter alia, have recommended the final dividend of Rs 0.9 per equity Share (i.e. 45%) , subject to the approval of the shareholders.

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ACC consolidated net profit declines 8.91% in the March 2017 quarter
Apr 21,2017

Net profit of ACC declined 8.91% to Rs 211.06 crore in the quarter ended March 2017 as against Rs 231.70 crore during the previous quarter ended March 2016. Sales rose 7.90% to Rs 3099.66 crore in the quarter ended March 2017 as against Rs 2872.71 crore during the previous quarter ended March 2016.

ParticularsQuarter Endedn++Mar. 2017Mar. 2016% Var. Sales3099.662872.71 8 OPM %13.4515.38 - PBDT424.67466.54 -9 PBT258.77322.14 -20 NP211.06231.70 -9

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Tata Metaliks standalone net profit rises 5.08% in the March 2017 quarter
Apr 21,2017

Net profit of Tata Metaliks rose 5.08% to Rs 40.36 crore in the quarter ended March 2017 as against Rs 38.41 crore during the previous quarter ended March 2016. Sales rose 13.12% to Rs 393.29 crore in the quarter ended March 2017 as against Rs 347.69 crore during the previous quarter ended March 2016.

For the full year,net profit rose 3.37% to Rs 116.05 crore in the year ended March 2017 as against Rs 112.27 crore during the previous year ended March 2016. Sales rose 3.47% to Rs 1327.08 crore in the year ended March 2017 as against Rs 1282.63 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales393.29347.69 13 1327.081282.63 3 OPM %19.0721.47 -16.8916.80 - PBDT64.0957.88 11 188.09171.26 10 PBT51.7450.20 3 151.66138.29 10 NP40.3638.41 5 116.05112.27 3

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Amal reports standalone net profit of Rs 0.39 crore in the March 2017 quarter
Apr 21,2017

Net profit of Amal reported to Rs 0.39 crore in the quarter ended March 2017 as against net loss of Rs 1.01 crore during the previous quarter ended March 2016. Sales rose 34.39% to Rs 7.23 crore in the quarter ended March 2017 as against Rs 5.38 crore during the previous quarter ended March 2016.

For the full year,net profit rose 558.52% to Rs 8.89 crore in the year ended March 2017 as against Rs 1.35 crore during the previous year ended March 2016. Sales rose 10.81% to Rs 25.62 crore in the year ended March 2017 as against Rs 23.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7.235.38 34 25.6223.12 11 OPM %43.2926.02 -46.2517.34 - PBDT0.48-0.92 LP 9.261.72 438 PBT0.39-1.01 LP 8.891.35 559 NP0.39-1.01 LP 8.891.35 559

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ACC standalone net profit declines 9.85% in the March 2017 quarter
Apr 21,2017

Net profit of ACC declined 9.85% to Rs 211.50 crore in the quarter ended March 2017 as against Rs 234.62 crore during the previous quarter ended March 2016. Sales rose 7.90% to Rs 3099.66 crore in the quarter ended March 2017 as against Rs 2872.71 crore during the previous quarter ended March 2016.

ParticularsQuarter Endedn++Mar. 2017Mar. 2016% Var. Sales3099.662872.71 8 OPM %13.4315.34 - PBDT426.69471.70 -10 PBT261.67328.33 -20 NP211.50234.62 -10

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India and Republic of Korea sign Inter-Governmental MOU for Defence Industry Co-Operation in Shipbuilding
Apr 21,2017

India and the Republic of Korea (RoK) signed an Inter-governmental Memorandum of Understanding (MoU) for Defence Industry Co-operation in Shipbuilding here today. The MoU was signed by Secretary (Defence Production), Shri Ashok Kumar Gupta from the Indian side and Minister of Defence Acquisition and Programme Administration (DAPA), Mr. Chang Myoung-Jin from the RoK side. The MoU will help the Make in India initiative of the Government of India.

The salient points of the MoU are as follows:-

n++ Develop and strengthen defence industry co-operation between Republic of India and the Republic of Korea.

n++ The two sides will recommend the organisations for collaborating in the implementation of specific projects.

n++ The organisations recommended for co-operative projects may conclude separate agreements (contracts) between them to implement the specific projects.

n++ The MoU will come into effect from the date of signature by both sides and will be initially valid for a period of five years and would be automatically extendable for further successive five year at a time.

The Inter-Governmental MoU, was conceived under the overall umbrella of the Special Strategic Partnership between both sides as declared in the Joint Statement of the Prime Minister of India and the President of RoK in May 2015.

To substantiate the Special Strategic Partnership, the two sides had inter-alia agreed to encourage greater co-operation between their shipyards in the defence sector. Accordingly, it was decided to sign an inter-governmental MoU on Defence Industry Co-operation in Shipbuilding. The Cabinet Committee on Security (CCS) has accorded its approval for signing the above MoU with RoK and also for nominating Hindustan Shipyard Limited (HSL), Visakhapatnam from the Indian side for the collaboration. RoK will indicate the name of its recommended organisation for the collaboration in due course of time.

The co-operation with the recommended Korean Shipyard would enable HSL to upgrade and modernise its facilities and execute naval shipbuilding projects in a timely and cost effective manner. HSL would be able to imbibe best practices in shipbuilding leading to effective project management.

As a result of the proposed partnership, the production of HSL is expected to grow substantially, leading to creation of more employment avenues. Further, in consultation with the recommended Korean partner, it is planned to identify and develop indigenous sources/vendors for the supply of majority of the material and equipment that would be needed in co-operative naval projects, thus paving the way for the development of ancillary industry /maritime cluster in the region.

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Fag Bearings India standalone net profit rises 38.64% in the March 2017 quarter
Apr 21,2017

Net profit of Fag Bearings India rose 38.64% to Rs 57.48 crore in the quarter ended March 2017 as against Rs 41.46 crore during the previous quarter ended March 2016. Sales rose 11.71% to Rs 461.24 crore in the quarter ended March 2017 as against Rs 412.88 crore during the previous quarter ended March 2016.

ParticularsQuarter Endedn++Mar. 2017Mar. 2016% Var. Sales461.24412.88 12 OPM %19.1817.39 - PBDT103.7187.04 19 PBT86.1571.84 20 NP57.4841.46 39

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