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Reduce customs duty on chilled & frozen sea food and poultry to 10% & 20% respectively: ASSOCHAM plea
Jan 30,2017

Apex industry body ASSOCHAM has urged the Union Government to reduce customs duty on chilled and frozen sea food from present level of 30 per cent to 10 per cent to bring down food inflation and satiate high demand for sea food in India.

n++Local fisheries will not get affected by imports because sea food availability in India is much lower than its demand,n++ highlighted ASSOCHAM in its pre-budget memorandum (indirect taxes) submitted to the Centre.

n++High import duty makes it unviable to bring-in a variety of sea food products available globally which shall reduce food inflation tremendously and provide much-needed proteins to Indians at cheap cost,n++ said Mr D.S. Rawat, secretary general of ASSOCHAM.

The chamber has also suggested the Union Government to reduce customs duty on chilled and frozen poultry meat (chicken) to 20 per cent for whole chicken and that in parts as it is unlikely to destabilise the Rs 40,000 crore Indian poultry industry because majority of Indian market prefers live poultry over frozen food.

n++Though chicken is a basic non-vegetarian food, but import duty on chicken products is as high as 100 per cent on its parts as such India is not able to import chicken,n++ highlighted the ASSOCHAM pre-budget recommendation.

Considering that prices of chicken produced in India are mostly much higher than that in rest of the world as its cost is decided upon its production, ASSOCHAM has appealed that it should be based on international prices.

n++This shall have huge impact on food inflation,n++ it said.

Factors like growing affordability, rising health consciousness, increasing consumer awareness and with more women getting into jobs are together likely to boost demand for frozen chicken and sea food products.

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Board of Divyashakti Granites approves change in company secretary and compliance officer
Jan 30,2017

Divyashakti Granites announced that Board of Directors of the Company at their meeting held on 30 January 2017, have approved the resignation of Deepa Dutta from the post of Company Secretary and Compliance Officer and appointment of Priyanka Baldewa as Company Secretary and Compliance Officer of the Company.

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Mahindra Lifespace Developers consolidated net profit rises 48.05% in the December 2016 quarter
Jan 30,2017

Net profit of Mahindra Lifespace Developers rose 48.05% to Rs 35.22 crore in the quarter ended December 2016 as against Rs 23.79 crore during the previous quarter ended December 2015. Sales rose 9.84% to Rs 213.08 crore in the quarter ended December 2016 as against Rs 193.99 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales213.08193.99 10 OPM %6.927.92 - PBDT46.3333.46 38 PBT45.1832.39 39 NP35.2223.79 48

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Coral India Finance & Housing standalone net profit rises 59.69% in the December 2016 quarter
Jan 30,2017

Net profit of Coral India Finance & Housing rose 59.69% to Rs 3.13 crore in the quarter ended December 2016 as against Rs 1.96 crore during the previous quarter ended December 2015. Sales rose 31.23% to Rs 4.37 crore in the quarter ended December 2016 as against Rs 3.33 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.373.33 31 OPM %86.0475.08 - PBDT3.762.50 50 PBT3.682.46 50 NP3.131.96 60

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Shree Securities reports standalone net loss of Rs 0.36 crore in the December 2016 quarter
Jan 30,2017

Net loss of Shree Securities reported to Rs 0.36 crore in the quarter ended December 2016 as against net profit of Rs 0.01 crore during the previous quarter ended December 2015. Sales rose 2350.00% to Rs 1.96 crore in the quarter ended December 2016 as against Rs 0.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.960.08 2350 OPM %-18.3712.50 - PBDT-0.360.01 PL PBT-0.360.01 PL NP-0.360.01 PL

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Tivoli Construction reports standalone nil net profit/loss in the December 2016 quarter
Jan 30,2017

Tivoli Construction reported no net profit/loss in the quarter ended December 2016 and 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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Emami standalone net profit rises 6.80% in the December 2016 quarter
Jan 30,2017

Net profit of Emami rose 6.80% to Rs 140.07 crore in the quarter ended December 2016 as against Rs 131.15 crore during the previous quarter ended December 2015. Sales rose 1.20% to Rs 681.55 crore in the quarter ended December 2016 as against Rs 673.50 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales681.55673.50 1 OPM %38.0836.04 - PBDT254.95232.30 10 PBT174.18161.56 8 NP140.07131.15 7

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Sanghi Industries standalone net profit declines 80.46% in the December 2016 quarter
Jan 30,2017

Net profit of Sanghi Industries declined 80.46% to Rs 4.61 crore in the quarter ended December 2016 as against Rs 23.59 crore during the previous quarter ended December 2015. Sales rose 14.54% to Rs 272.05 crore in the quarter ended December 2016 as against Rs 237.52 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales272.05237.52 15 OPM %15.5921.30 - PBDT24.6440.12 -39 PBT6.2421.95 -72 NP4.6123.59 -80

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Nava Bharat Ventures standalone net profit rises 22.23% in the December 2016 quarter
Jan 30,2017

Net profit of Nava Bharat Ventures rose 22.23% to Rs 29.09 crore in the quarter ended December 2016 as against Rs 23.80 crore during the previous quarter ended December 2015. Sales rose 1.87% to Rs 255.67 crore in the quarter ended December 2016 as against Rs 250.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales255.67250.98 2 OPM %12.8811.69 - PBDT48.1939.24 23 PBT39.2930.67 28 NP29.0923.80 22

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Leena Consultancy reports standalone nil net profit/loss in the December 2016 quarter
Jan 30,2017

Leena Consultancy reported no net profit/loss in the quarter ended December 2016 and 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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Gowra Leasing & Finance standalone net profit rises 316.67% in the December 2016 quarter
Jan 30,2017

Net profit of Gowra Leasing & Finance rose 316.67% to Rs 0.25 crore in the quarter ended December 2016 as against Rs 0.06 crore during the previous quarter ended December 2015. Sales declined 17.65% to Rs 0.28 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. Sales0.280.34 -18 OPM %53.5735.29 - PBDT0.320.13 146 PBT0.320.13 146 NP0.250.06 317

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Span Divergent reports standalone net loss of Rs 0.55 crore in the December 2016 quarter
Jan 30,2017

Net loss of Span Divergent reported to Rs 0.55 crore in the quarter ended December 2016 as against net profit of Rs 5.86 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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Saint-Gobain Sekurit India reports standalone net profit of Rs 1.04 crore in the December 2016 quarter
Jan 30,2017

Net profit of Saint-Gobain Sekurit India reported to Rs 1.04 crore in the quarter ended December 2016 as against net loss of Rs 2.26 crore during the previous quarter ended December 2015. Sales declined 14.74% to Rs 29.10 crore in the quarter ended December 2016 as against Rs 34.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales29.1034.13 -15 OPM %11.6816.50 - PBDT3.886.02 -36 PBT1.854.44 -58 NP1.04-2.26 LP

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Orient Refractories standalone net profit rises 12.00% in the December 2016 quarter
Jan 30,2017

Net profit of Orient Refractories rose 12.00% to Rs 16.71 crore in the quarter ended December 2016 as against Rs 14.92 crore during the previous quarter ended December 2015. Sales rose 11.10% to Rs 127.18 crore in the quarter ended December 2016 as against Rs 114.47 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales127.18114.47 11 OPM %19.9719.68 - PBDT27.3623.72 15 PBT25.6422.17 16 NP16.7114.92 12

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Tech Mahindra standalone net profit rises 36.65% in the December 2016 quarter
Jan 30,2017

Net profit of Tech Mahindra rose 36.65% to Rs 851.89 crore in the quarter ended December 2016 as against Rs 623.43 crore during the previous quarter ended December 2015. Sales rose 13.13% to Rs 5912.86 crore in the quarter ended December 2016 as against Rs 5226.74 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5912.865226.74 13 OPM %17.2816.64 - PBDT1179.64929.33 27 PBT1024.98810.59 26 NP851.89623.43 37

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