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Board meeting of Rajapalayam Mills postponed
May 15,2017

Rajapalayam Mills announced that, due to the sudden demise of P. R. Ramasubrahmaneya Rajha, Chairman of the Company, the Board Meeting scheduled to be held on 24 May 2017, is postponed to 25 May 2017.

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Shares of Meera Industries get listed
May 15,2017

The equity shares of Meera Industries (Scrip Code: 540519) are listed effective 15 May 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Implementation of the expanded India-Chile PTA on 16 May 2017
May 15,2017

India and Chile have entered into another milestone in their trade relations as an agreement on expansion of India-Chile PTA which was signed on 6th September, 2016 is finally being implemented on 16th May, 2017. The Union Cabinet had approved the expansion of PTA in April, 2016.

The expanded PTA would immensely benefit both sides as a wide array of concessions has been offered by both sides on a number of tariff lines which will facilitate more two way trade.

India and Chile had earlier signed a Preferential Trade Agreement (PTA) on March 8, 2006 which came into force with effect from August, 2007. The original PTA had a limited number of tariff lines wherein both sides had extended tariff concessions to each other. Indias offer list to Chile consisted of only 178 tariff lines whereas Chiles offer list to India contained 296 tariff lines at 8-digit level.

The expanded PTA has a wider coverage wherein Chile has offered concessions to India on 1798 tariff lines with Margin of Preference (MoP) ranging from 30%-100% and India has offered concessions to Chile on 1031 tariff lines at 8-digit level with MoP ranging from 10%-100%. These tariff lines were based on HS 2012 when the negotiations had been concluded. With the implementation of the HS 2017 Nomenclature with effect from 1st January, 2017, both sides have aligned their Annexes on Indias Schedule of Tariff Concessions, Chiles Schedule of Tariff Concessions and the Schedule on Rules of Origin as per HS 2017 Nomenclature for issue of Notification. This would facilitate exporters of both sides to take the advantage of tariff concessions as per the expanded PTA immediately which covers around 96% of bilateral trade.

Chile is the fourth largest trading partner of India in LAC region after Brazil, Venezuela and Argentina. Indias bilateral trade has grown substantially to reach a level of US$ 3,646.45 million during 2014-15 as compared to US$ 2,655.35 million in 2011-12 as per the Department of Commerce statistics. However, during year 2015-16, bilateral trade declined by (-) 27.60% and stood at US$ 2,639.99 million with exports US$ 679.32 million and imports US$ 1,960.67 million. The decline in bilateral trade was due to extraneous reasons such as fall in prices of crude oil and international commodities. During the last few years, bilateral trade has been in favour of Chile because of import of high volume of copper ore which constitute more than 88% of the imports from Chile.

Indias exports to Chile are diverse which consist of transport equipment, drugs and pharmaceuticals, yarn of polyester fibres, tyres and tubes, manufacture of metals, articles of apparel, organic/inorganic and agro chemicals, textiles, readymade garments, plastic goods, leather products, engineering goods, imitation jewellery, sports goods and handicrafts. Major items of Import from Chile are copper ore and concentrates, iodine, copper anodes, copper cathodes, molybdenum ores & concentrates, lithium carbonates & oxide, metal scrap, inorganic chemicals, pulp & waste paper, fruits & nuts excluding cashews, fertilizers and machinery.

Keeping in view that Chile is the founding member of the Pacific Alliance to which India is an Observer Member, implementing the expanded PTA could deepen its engagement with the emerging trade bloc.

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Shares of Kanungo Financiers get listed
May 15,2017

The equity shares of Kanungo Financiers (Scrip Code: 540515) are listed effective 15 May 2017 and admitted to dealings on the Exchange in the list of XT Group Securities.

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Alembic Pharmaceuticals receives ANDA approval for Fenofibric Acid Delayed-Release Capsules
May 15,2017

Alembic Pharmaceuticals announced that the Company has received approval from the US Food & Drug Administration for its Abbreviated New Drug Application for Fenofibric Acid Delayed-Release Capsules, 45 mg and 135 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product Trilipix Delayed Release Capsules, 45 mg and 135 mg of Abbvie Inc.

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Idea Cellular in focus after Q4 earnings
May 15,2017

Idea Cellular reported consolidated net loss of Rs 327.70 crore in Q4 March 2017, compared with net profit of Rs 451.70 crore in Q4 March 2016. Revenue from operations declined 14.26% to Rs 8126.10 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 13 May 2017.

Among prominent companies, Bata India and Colgate-Palmolive (India) are scheduled to release March quarter earnings today, 15 May 2017.

Hero MotoCorp issued clarification to the stock exchanges with regard to its recent announcement of change in its statutory auditors. The company had announced on 10 May 2017 regarding the appointment of BSR & Co. LLP, as statutory auditors in place of existing auditors Deloitte Haskins & Sells, subject to approval of shareholders at the ensuing annual general meeting (AGM).

With regard to the aforesaid announcement, Hero MotoCorp submitted further details of audit firm BSR & Co. LLP viz. the firms registration number, registered office and information like other affiliates to the firm. The announcement was made after market hours on Friday, 12 May 2017.

Corporation Bank announced its tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewals with effect from 15 May 2017. The banks MCLR for overnight loans will be 8.2%, for one month will be 8.2% and for three months will be 8.3%. The MCLR on 6-month loans will be 8.65% and for one-year loans the rate would be 8.75%, the bank said. The announcement was made after market hours on Friday, 12 May 2017.

Sical Logistics board of directors at its meeting held on 12 May 2017, approved the proposal to initiate the process to acquire majority equity stake in a company in the express logistics business with an annual revenue of Rs 40 crore and to execute necessary agreements to proceed further in this regard.

The board also approved the proposal to initiate the process to acquire majority stake in a company in the warehousing and distribution business with annual revenue of Rs 20 crore and to execute necessary agreements to proceed further in this regard. The announcement was made after market hours on Friday, 12 May 2017.

NBCC (India) said it has secured the total business of Rs 315.24 crore in the month of April 2017. The announcement was made after market hours on Friday, 12 May 2017.

Tata Metaliks announced the time schedules for shutdown of units at its plant. The MBF#2 unit will be shut from 15 May to 27 May 2017. The Sinter Plant unit will remain closed from 22 May to 25 May 2017. The CPP3 unit will be closed from 24 May to 25 May 2017. The CPP2 unit will be shut from 15 May to 23 May 2017. The announcement was made at the fag end of market hours on Friday, 12 May 2017.

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Idea Cellular reports consolidated net loss of Rs 327.70 crore in the March 2017 quarter
May 13,2017

Net loss of Idea Cellular reported to Rs 327.70 crore in the quarter ended March 2017 as against net profit of Rs 451.70 crore during the previous quarter ended March 2016. Sales declined 14.26% to Rs 8109.10 crore in the quarter ended March 2017 as against Rs 9458.00 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 399.70 crore in the year ended March 2017 as against net profit of Rs 2728.10 crore during the previous year ended March 2016. Sales declined 1.01% to Rs 35552.70 crore in the year ended March 2017 as against Rs 35916.40 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8109.109458.00 -14 35552.7035916.40 -1 OPM %27.0935.25 -28.9033.32 - PBDT1281.602573.60 -50 6963.9010506.20 -34 PBT-706.90695.90 PL -863.304250.10 PL NP-327.70451.70 PL -399.702728.10 PL

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Medinova Diagnostic Services reports consolidated net profit of Rs 0.70 crore in the March 2017 quarter
May 13,2017

Net profit of Medinova Diagnostic Services reported to Rs 0.70 crore in the quarter ended March 2017 as against net loss of Rs 0.65 crore during the previous quarter ended March 2016. Sales declined 24.44% to Rs 2.01 crore in the quarter ended March 2017 as against Rs 2.66 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1.29 crore in the year ended March 2017 as against net loss of Rs 1.90 crore during the previous year ended March 2016. Sales rose 3.60% to Rs 8.35 crore in the year ended March 2017 as against Rs 8.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.012.66 -24 8.358.06 4 OPM %-12.946.77 -0.60-0.50 - PBDT-0.53-0.07 -657 -0.85-0.37 -130 PBT-1.19-0.89 -34 -3.48-2.29 -52 NP0.70-0.65 LP -1.29-1.90 32

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Atul Auto standalone net profit declines 42.86% in the March 2017 quarter
May 13,2017

Net profit of Atul Auto declined 42.86% to Rs 6.20 crore in the quarter ended March 2017 as against Rs 10.85 crore during the previous quarter ended March 2016. Sales declined 19.98% to Rs 103.28 crore in the quarter ended March 2017 as against Rs 129.07 crore during the previous quarter ended March 2016.

For the full year,net profit declined 21.27% to Rs 37.32 crore in the year ended March 2017 as against Rs 47.40 crore during the previous year ended March 2016. Sales declined 10.57% to Rs 472.20 crore in the year ended March 2017 as against Rs 528.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales103.28129.07 -20 472.20528.01 -11 OPM %9.9613.42 -12.6814.45 - PBDT10.3017.39 -41 61.8076.82 -20 PBT8.8716.09 -45 56.5271.53 -21 NP6.2010.85 -43 37.3247.40 -21

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Karnataka Bank standalone net profit rises 29.57% in the March 2017 quarter
May 13,2017

Net profit of Karnataka Bank rose 29.57% to Rs 138.37 crore in the quarter ended March 2017 as against Rs 106.79 crore during the previous quarter ended March 2016. Total Operating Income rose 1.32% to Rs 1294.50 crore in the quarter ended March 2017 as against Rs 1277.67 crore during the previous quarter ended March 2016.

For the full year,net profit rose 8.90% to Rs 452.26 crore in the year ended March 2017 as against Rs 415.29 crore during the previous year ended March 2016. Total Operating Income rose 3.87% to Rs 5185.40 crore in the year ended March 2017 as against Rs 4992.21 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income1294.501277.67 1 5185.404992.21 4 OPM %61.7669.64 -64.6773.60 - PBDT168.87141.87 19 467.95528.00 -11 PBT168.87141.87 19 467.95528.00 -11 NP138.37106.79 30 452.26415.29 9

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Central Bank of India reports standalone net loss of Rs 591.77 crore in the March 2017 quarter
May 13,2017

Net Loss of Central Bank of India reported to Rs 591.77 crore in the quarter ended March 2017 as against net loss of Rs 898.04 crore during the previous quarter ended March 2016. Total Operating Income rose 1.44% to Rs 6239.95 crore in the quarter ended March 2017 as against Rs 6151.40 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2439.10 crore in the year ended March 2017 as against net loss of Rs 1418.19 crore during the previous year ended March 2016. Total Operating Income declined 4.74% to Rs 24661.41 crore in the year ended March 2017 as against Rs 25887.89 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income6239.956151.40 1 24661.4125887.89 -5 OPM %44.5932.21 -47.3756.07 - PBDT-860.86-2046.38 58 -3528.90-2368.96 -49 PBT-860.86-2046.38 58 -3528.90-2368.96 -49 NP-591.77-898.04 34 -2439.10-1418.19 -72

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Medinova Diagnostic Services reports standalone net profit of Rs 0.69 crore in the March 2017 quarter
May 13,2017

Net profit of Medinova Diagnostic Services reported to Rs 0.69 crore in the quarter ended March 2017 as against net loss of Rs 0.63 crore during the previous quarter ended March 2016. Sales declined 25.11% to Rs 1.64 crore in the quarter ended March 2017 as against Rs 2.19 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.62 crore in the year ended March 2017 as against net loss of Rs 1.60 crore during the previous year ended March 2016. Sales declined 6.57% to Rs 6.54 crore in the year ended March 2017 as against Rs 7.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.642.19 -25 6.547.00 -7 OPM %-21.950.46 --10.86-7.29 - PBDT-0.51-0.11 -364 -1.12-0.66 -70 PBT-0.82-0.50 -64 -2.37-1.47 -61 NP0.69-0.63 LP -0.62-1.60 61

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Solitaire Machine Tools standalone net profit rises 17.24% in the March 2017 quarter
May 13,2017

Net profit of Solitaire Machine Tools rose 17.24% to Rs 0.34 crore in the quarter ended March 2017 as against Rs 0.29 crore during the previous quarter ended March 2016. Sales rose 24.49% to Rs 7.27 crore in the quarter ended March 2017 as against Rs 5.84 crore during the previous quarter ended March 2016.

For the full year,net profit rose 28.44% to Rs 1.40 crore in the year ended March 2017 as against Rs 1.09 crore during the previous year ended March 2016. Sales rose 17.11% to Rs 18.34 crore in the year ended March 2017 as against Rs 15.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7.275.84 24 18.3415.66 17 OPM %18.1611.82 -18.1014.37 - PBDT1.470.68 116 3.622.45 48 PBT1.270.50 154 2.861.71 67 NP0.340.29 17 1.401.09 28

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Vinati Organics standalone net profit rises 3.34% in the March 2017 quarter
May 13,2017

Net profit of Vinati Organics rose 3.34% to Rs 40.59 crore in the quarter ended March 2017 as against Rs 39.28 crore during the previous quarter ended March 2016. Sales rose 26.28% to Rs 194.97 crore in the quarter ended March 2017 as against Rs 154.39 crore during the previous quarter ended March 2016.

For the full year,net profit rose 5.88% to Rs 139.30 crore in the year ended March 2017 as against Rs 131.57 crore during the previous year ended March 2016. Sales rose 5.61% to Rs 666.33 crore in the year ended March 2017 as against Rs 630.95 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales194.97154.39 26 666.33630.95 6 OPM %31.0632.86 -32.9032.77 - PBDT66.2751.55 29 226.01205.08 10 PBT60.9246.84 30 204.64186.56 10 NP40.5939.28 3 139.30131.57 6

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Suryalakshmi Cotton Mills standalone net profit declines 50.60% in the March 2017 quarter
May 13,2017

Net profit of Suryalakshmi Cotton Mills declined 50.60% to Rs 4.51 crore in the quarter ended March 2017 as against Rs 9.13 crore during the previous quarter ended March 2016. Sales rose 7.16% to Rs 232.70 crore in the quarter ended March 2017 as against Rs 217.15 crore during the previous quarter ended March 2016.

For the full year,net profit declined 27.22% to Rs 21.87 crore in the year ended March 2017 as against Rs 30.05 crore during the previous year ended March 2016. Sales rose 0.28% to Rs 761.92 crore in the year ended March 2017 as against Rs 759.80 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales232.70217.15 7 761.92759.80 0 OPM %8.5514.46 -12.6014.43 - PBDT11.8922.23 -47 61.8776.20 -19 PBT4.5713.75 -67 30.3044.88 -32 NP4.519.13 -51 21.8730.05 -27

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