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Manaksia Industries reports standalone net profit of Rs 0.80 crore in the December 2016 quarter
Jan 10,2017

Net profit of Manaksia Industries reported to Rs 0.80 crore in the quarter ended December 2016 as against net loss of Rs 0.49 crore during the previous quarter ended December 2015. Sales declined 8.88% to Rs 17.44 crore in the quarter ended December 2016 as against Rs 19.14 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales17.4419.14 -9 OPM %18.589.46 - PBDT1.790.62 189 PBT0.83-0.45 LP NP0.80-0.49 LP

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IndusInd Bank standalone net profit rises 29.19% in the December 2016 quarter
Jan 10,2017

Net profit of IndusInd Bank rose 29.19% to Rs 750.64 crore in the quarter ended December 2016 as against Rs 581.02 crore during the previous quarter ended December 2015. Total Operating Income rose 23.33% to Rs 3699.33 crore in the quarter ended December 2016 as against Rs 2999.55 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Total Operating Income3699.332999.55 23 OPM %60.8462.38 - PBDT1146.49883.90 30 PBT1146.49883.90 30 NP750.64581.02 29

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Board of Goa Carbon to consider December quarter results and interim dividend
Jan 10,2017

Goa Carbon announced that the Board of Directors of the Company in its meeting scheduled to be held on 13 January 2017 will inter alia consider and approve the unaudited financial results for the three months period ended 31 December 2016 along with other matters. The Board are also likely to consider declaration of interim dividend for the financial year 2016-17.

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Welcure Drugs & Pharmaceuticals reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Jan 10,2017

Net profit of Welcure Drugs & Pharmaceuticals reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Wisec Global reports standalone net loss of Rs 0.03 crore in the December 2016 quarter
Jan 10,2017

Net Loss of Wisec Global reported to Rs 0.03 crore in the quarter ended December 2016 as against net loss of Rs 0.18 crore during the previous quarter ended December 2015. Sales declined 94.12% to Rs 0.02 crore in the quarter ended December 2016 as against Rs 0.34 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.020.34 -94 OPM %-150.00-50.00 - PBDT-0.03-0.17 82 PBT-0.03-0.18 83 NP-0.03-0.18 83

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Nutraplus India fixes record date for bonus issue
Jan 10,2017

Nutraplus India announced the Board of Directors of the Company has through circular resolution fixed 20 January 2017 as the record date for the purpose of ascertaining the eligibility of shareholders entitled for the Bonus Shares in the ratio of 1:10 i.e. 1 (one) new Bonus Equity Share of Rs. 10/- each for every 10 (ten) existing Equity Share of Rs. 10/- each held as approved by shareholders at the Annual General Meeting held on 15 September 2016.

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Rupee gains marginally
Jan 10,2017

Rupee closed marginally higher at 68.1779/1930 per dollar on Tuesday (10 January 2017), versus its previous close of 68.20/21 per dollar.

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Bhel secured Rs 96 crore order for augmentation of EHV substations
Jan 10,2017

Bharat Heavy Electricals has bagged an order from Power Grid Corporation of India for the augmentation of three Extra High Voltage substations in the state of Karnataka, on turnkey basis. The order is valued at Rs 96 crore. The augmentation of 400/220 kV substation facilities is linked with the transmission system being set up for evacuation of solar power and shall play a key role for transfer of Renewable Energy power from Indias largest Ultra Mega Solar Power Park (2000 MW) Phase-II (Part A) to be set up at Tumkur (Pavagada) district on 10,000 acres of land.

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Board of Jay Energy & S Energies appoints directors
Jan 10,2017

Jay Energy & S Energies announced that the Board of Directors in their meeting held on 09 January 2016 has appointed Jitendrasingh H. Rathod and Silaben Lalluram Sharma as an additional Director of the Company.

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Plans for 24x7 Power For All in true spirit of Cooperative Federalism-Piyush Goyal
Jan 10,2017

The Ministry of Power, Government of India signed the MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9th January, 2017. Also, with the signing of the 24x7 Power For All (PFA) roadmap document with the State, the roadmap for all the 28 States, except one, and all the 7 Union Territories in the country have now been finalized and is under implementation. It is the most significant milestone in this initiative founded on the principles of cooperative federalism.

Providing access to reliable and quality power supply to all citizens/ establishments by 2019 is at the core of the Prime Minister of India, Shri Narendra Modis vision for the nation and the Ministry of Powers 24x7 PFA

The Program has been instrumental in mainstreaming the Ministrys focus on energy efficiency and Demand Side Management interventions and has resulted in increased participation with speedy rollout of the UJALA/ DELP and other EESL led schemes. It is important to note that UJALA has emerged as the worlds largest and most successful LED bulbs program.

Increased role of central sector agencies, such as NTPC, in addressing sectors operational viability in the case of proposed acquisition of state owned generation assets in Rajasthan and in fast-tracking capacity addition in the case of Patratu project in Jharkhand are outcomes of the comprehensive approach adopted under 24x7 PFA Program to resolve state specific problems.

Besides development of segment wise coordinated physical rollout plans and rigorous analysis on financial viability of state utilities under the 24x7 PFA program in two States of Rajasthan and Andhra Pradesh, the plans for which were made in first 100 days of coming of this Government, led to the formulation of the UDAY. Looking at the balance sheets of these states, it was found that unless the states are taken out of the debt trap in which they were in and made financially sustainable, all plans of 24x7 would remain unfulfilled.

The PFA Program has also benefited several states in addressing funding gap for the investments required to ensure 24x7 power access to all. The funding gap analysis conducted as part of the exercise enabled the Ministry to assist states through innovative means of financing including mechanisms such as additional funding under ongoing programs (like DDUGJY, IPDS), multilateral funding, additional support from FIs and PPPs etc.

Electricity being a concurrent subject and given the focus of the Government on pursuing cooperative federalism, the first task was to develop and agree on detailed roadmaps for each state. State specific roadmaps were prepared under the guidance of the Ministry of Power and Central Electricity Authority (CEA). 24x7 PFA initiative has provided the much needed platform for all-encompassing integrated planning. In addition to integrated planning at the level of vertically unbundled utilities and other state level agencies, the exercise also provided an opportunity for mainstreaming the efforts of all central level ministries and agencies, such as Ministry of Coal, MNRE, PGCIL, NTPC, BEE, EESL, REC, PFC etc., to ensure access to reliable and quality power to all households/ establishments in each and every state by 2019.

To further augment the effort of the states under the 24x7 PFA initiative, the Ministry is now formulating a scheme for funding of the investments required to ensure last mile connectivity to all households which are not already covered under DDUGJY and state schemes.

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Andhra Petrochemicals resumes plant operations
Jan 10,2017

Andhra Petrochemicals announced that the Plant has resumed operations from 10 January 2017.

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Padmanabh Industries subsidiary acquires leasing rights of Ahmedabad team
Jan 10,2017

Padmanabh Industries announced that the Wholly owned Subsidiary of the Company i.e. Padmanabh Sports offered to acquire the team leasing rights of Ahmedabad for Indian Volleyball League to be held in 2017 and the same proposal has been accepted by Sportz & Live Entertainment.

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ABB India secures Rs 4350 crore mega project from Power Grid Corporation of India
Jan 10,2017

ABB has teamed up Power Grid Corporation of India in a mega project worth over Rs 4350 crore for ABB to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people.

The Raigarh-Pugalur 800 kilovolt (kV) ultrahigh-voltage direct current (UHVDC) system will connect Raigarh in Central India to Pugalur in thesouthern state of Tamil Nadu.

The 1,830 kilometer (km) link will be among the longest in the world. With a capacity of 6,000 megawatts - the equivalent of more than six large power plants - it will be enough to meet the electricity needs of over 80 million people in India. The two-way link will integrate thermal and wind energy for transmission of power to high consumption centers located thousands of kilometers away, supporting electricity demands in the south, when wind strength is low, and transmitting clean energy to the north, when there is excess wind power.

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Somany Ceramics issues Commercial Paper aggregating Rs 15 crore
Jan 10,2017

Somany Ceramics has issued Commercial paper of Rs. 15.00 crore value dated 10 January 2017 having maturity on 24 March 2017.

The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.

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J Kumar Infraprojects gets ratings assigned for CP programme
Jan 10,2017

J Kumar Infraprojects announced that India Ratings and Research has assigned rating of IND A1+ to the Rs 25 crore Commercial Paper (CP) programme.

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