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Tata Group stocks in focus after Cyrus Mistrys ouster
Oct 25,2016

Shares of Tata Group companies will be watched as Tata Sons, the holding company of the Tata Group, said its board of directors replaced Cyrus P. Mistry as chairman of Tata Sons. The decision was taken at a Board meeting held yesterday, 24 October 2016. The board named Ratan N. Tata as interim chairman of Tata Sons. The board has constituted a selection committee to choose a new chairman. The committee comprises Ratan N. Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons. The committee has been mandated to complete the selection process in four months.

Vedanta after market hours yesterday, 24 October 2016 issued clarification with regard to news item titled Vedanta suspends work at Bicholim mine in Goa. The company said that Sesa Mining Corporation, a subsidiary of Vedanta, had suspended the work at Bicholim mines due to union agitation/activism. This a temporary closure of operations in the interest of safety and security of all employees at the Bicholim Mines, Vedanta said. The company added that the Bicholim Mine is one of the many mines operated by the subsidiaries of the company and the temporary suspension of the mine does not in any way impact the business deliverables.

Adani Enterprises consolidated net profit fell 78.87% to Rs 63.09 crore on 18.49% decline in total income to Rs 7770.59 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016. Ameet Desai, Executive Director of Adani Enterprises and Group CFO said that this has been a good quarter with recurring financial performance despite multiple headwinds including market volatility for commodities. The company has well-rounded growth in volume at its mining, agro and city gas businesses during the quarter. With improving economic climate and business sentiment, the company expects to further boost its financial performance, Desai said.

Idea Cellular reported net loss of Rs 42.79 crore in Q2 September 2016 as against net profit of Rs 739.59 crore in Q2 September 2015. Net sales rose 6.78% to Rs 9223.78 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

On a consolidated basis, net profit of Idea Cellular declined 88% to Rs 91.46 crore on 7.23% rise in net sales to Rs 9298.89 crore in Q2 September 2016 over Q2 September 2015.

On a consolidated basis, net profit of Rallis India rose 31% to Rs 66.52 crore on 20.78% rise in net sales to Rs 540.26 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

On a consolidated basis, net profit of Tata Metaliks rose 7.41% to Rs 21.73 crore on 1.36% decline in net sales to Rs 321.48 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 24 October 2016.

Capital First announced after market hours yesterday, 24 October 2016 that the meeting of the Debenture Committee of the Board of Directors of the company will be held on 27 October 2016, inter alia, to consider and approve the private placement of rated, listed, secured/unsecured/perpetual, redeemable, non-convertible securities in the nature of debentures to be listed on the debt market segment of National Stock Exchange of India (NSE).

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Board of Rane (Madras) appoints director
Oct 24,2016

Rane (Madras) announced that the board of directors of the Company at the meeting held 24 October 2016 inter alia have approved appointment of Pradip Kumar Bishnoi as Additional Director (Independent) on the board effective from 24 October 2016.

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Board of Sturdy Industries approves allotment of shares under SDR
Oct 24,2016

Sturdy Industries announced that the Board of Directors of the Company at its meeting held on 24 October 2016, inter alia, has considered and approved the following:

1. Allotment of 4,53,76,108 Equity Shares of Rs. 2/- each at Face Value of Rs. 2/- to the Punjab National Bank pursuant to SDR package.

2. Allotment of 3,17,63,276 Equity Shares of Rs. 2/- each at Face Value of Rs. 2/- to the Allahabad Bank pursuant to SDR package.

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Board of National Fittings considers setting up new manufacturing facility
Oct 24,2016

National Fittings announced that at the meeting of the Board of Directors of the Company held on 24 October 2016, capacity expansion was considered for setting up a new manufacturing facility. A V Palaniswamy, Managing Director was authorized to take necessary steps for its implementation.

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Board of Upsurge Investment & Finance accepts resignation of company secretary
Oct 24,2016

Upsurge Investment & Finance announced that the Board of Directors of the Company at their Meeting held on 24 October 2016, inter alia, took on record and considered resignation of Rupali Verma from the post of Company Secretary and Compliance Officer with effect from 01 November 2016.

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Outcome of board meeting of Power Grid Corporation of India
Oct 24,2016

Power Grid Corporation of India announced that the Companys Board of Directors in their meeting held on 22 October 2016 have accorded approval for amendment to Investment of North Eastern Region Strengthening Scheme - IV (NERSS - IV) at an estimated cost of Rs. 409.19 crore with commissioning schedule of 24 months from the date of investment approval.

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Idea Cellular consolidated net profit declines 88.00% in the September 2016 quarter
Oct 24,2016

Net profit of Idea Cellular declined 88.00% to Rs 91.46 crore in the quarter ended September 2016 as against Rs 762.28 crore during the previous quarter ended September 2015. Sales rose 7.23% to Rs 9298.89 crore in the quarter ended September 2016 as against Rs 8672.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9298.898672.03 7 OPM %30.5432.18 - PBDT1964.782522.48 -22 PBT10.481086.80 -99 NP91.46762.28 -88

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Johnson Controls-Hitachi Air Condition. India reports standalone net loss of Rs 5.36 crore in the September 2016 quarter
Oct 24,2016

Net Loss of Johnson Controls-Hitachi Air Condition. India reported to Rs 5.36 crore in the quarter ended September 2016 as against net loss of Rs 10.73 crore during the previous quarter ended September 2015. Sales rose 15.97% to Rs 287.50 crore in the quarter ended September 2016 as against Rs 247.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales287.50247.90 16 OPM %-0.50-2.17 - PBDT-0.12-6.86 98 PBT-11.95-17.36 31 NP-5.36-10.73 50

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Navin Fluorine International standalone net profit rises 138.66% in the September 2016 quarter
Oct 24,2016

Net profit of Navin Fluorine International rose 138.66% to Rs 55.44 crore in the quarter ended September 2016 as against Rs 23.23 crore during the previous quarter ended September 2015. Sales rose 20.94% to Rs 182.33 crore in the quarter ended September 2016 as against Rs 150.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales182.33150.76 21 OPM %22.2821.03 - PBDT46.9139.76 18 PBT40.9235.16 16 NP55.4423.23 139

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Kingfa Science & Technology (India) standalone net profit rises 89.14% in the September 2016 quarter
Oct 24,2016

Net profit of Kingfa Science & Technology (India) rose 89.14% to Rs 4.18 crore in the quarter ended September 2016 as against Rs 2.21 crore during the previous quarter ended September 2015. Sales rose 29.54% to Rs 112.09 crore in the quarter ended September 2016 as against Rs 86.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.0986.53 30 OPM %6.038.85 - PBDT7.354.33 70 PBT6.413.79 69 NP4.182.21 89

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Gujarat State Fertilizers & Chemicals standalone net profit declines 12.05% in the September 2016 quarter
Oct 24,2016

Net profit of Gujarat State Fertilizers & Chemicals declined 12.05% to Rs 125.01 crore in the quarter ended September 2016 as against Rs 142.14 crore during the previous quarter ended September 2015. Sales declined 8.62% to Rs 1637.82 crore in the quarter ended September 2016 as against Rs 1792.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1637.821792.24 -9 OPM %11.9211.46 - PBDT200.55222.29 -10 PBT173.88197.39 -12 NP125.01142.14 -12

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Board of Yash Papers approves change in registered office
Oct 24,2016

Yash Papers announced that the Board of Directors of the Company at its meeting held on 22 October 2016, has approved the change of place of Registered Office from 13/65, Parmat, Civil Lines, Kanpur - 208 001, Uttar Pradesh, India to Flat No.202, Preet Garden, 3A/172, Azad Nagar, Opposite Muskan Guest House, Kanpur Nagar, Kanpur - 208002, Uttar Pradesh, India w.e.f. 01 November 2016.

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Board of Sayaji Hotels accepts sanction of credit facility of Rs 24.5 cr
Oct 24,2016

Sayaji Hotels announced that the Board of Directors of the Company at its meeting held on 24 October 2016, inter alia, the following decisions were considered & approved:

- Acceptance of the sanction letter of Axis Bank for their credit facility of Rs 24.50 crore.

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Kanishk Steel Industries announces change in directorate
Oct 24,2016

Kanishk Steel Industries announced that:

1. Ravi Kumar Gupta resigned as the Chairman and Managing Director of the Company with effect from 24 October 2016.

2. Kanishk Gupta, Director has been designated as the Chairman and Managing Director of the Company with effect from 24 October 2016.

The Board of Directors of the Company approved the above appointment and resignation at the Meeting held on 24 October 2016.

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Board of Jointeca Education Solutions accepts resignation of directors
Oct 24,2016

Jointeca Education Solutions announced that the Board of Directors of the Company at its meeting held on 24 October 2016, (meeting commenced at 11:00am and concluded at 5:00 pm) inter alia, have approved the following:-

1. Accepted the resignation of Umesh Chand Sharma from Directorship of the Company.

2. Accepted the resignation of Alok Kumar Mittal from Directorship of the Company.

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