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Lords Chloro Alkali standalone net profit declines 86.21% in the December 2016 quarter
Feb 23,2017

Net profit of Lords Chloro Alkali declined 86.21% to Rs 0.36 crore in the quarter ended December 2016 as against Rs 2.61 crore during the previous quarter ended December 2015. Sales rose 16.23% to Rs 27.79 crore in the quarter ended December 2016 as against Rs 23.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales27.7923.91 16 OPM %6.0512.59 - PBDT1.423.57 -60 PBT0.252.91 -91 NP0.362.61 -86

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Spacenet Enterprises India reports consolidated net loss of Rs 0.86 crore in the December 2016 quarter
Feb 23,2017

Net Loss of Spacenet Enterprises India reported to Rs 0.86 crore in the quarter ended December 2016 as against net loss of Rs 0.90 crore during the previous quarter ended December 2015. Sales declined 98.16% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 1.63 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.031.63 -98 OPM %-2800.00-55.83 - PBDT-0.84-0.89 6 PBT-0.86-0.90 4 NP-0.86-0.90 4

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Stovec Industries standalone net profit declines 6.30% in the December 2016 quarter
Feb 23,2017

Net profit of Stovec Industries declined 6.30% to Rs 4.76 crore in the quarter ended December 2016 as against Rs 5.08 crore during the previous quarter ended December 2015. Sales rose 17.10% to Rs 54.52 crore in the quarter ended December 2016 as against Rs 46.56 crore during the previous quarter ended December 2015.

For the full year,net profit rose 9.01% to Rs 22.39 crore in the year ended December 2016 as against Rs 20.54 crore during the previous year ended December 2015. Sales rose 19.95% to Rs 186.30 crore in the year ended December 2016 as against Rs 155.32 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales54.5246.56 17 186.30155.32 20 OPM %15.0816.34 -19.0321.16 - PBDT9.008.77 3 39.1036.23 8 PBT7.687.54 2 33.9731.07 9 NP4.765.08 -6 22.3920.54 9

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CBEC launches a Mobile Application for GST to inform the taxpayers of the latest updates on GST among others
Feb 23,2017

In step with the Governments Digital India initiative, the Central Board of Excise and Customs (CBEC) has launched a mobile application for Goods and Services Tax.

Taxpayers can readily access a host of GST information such as:

n++ Migration to GST-Approach and guidelines for migration

n++ Draft Law-Model GST Law, IGST Law and GST Compensation Law

n++ Draft Rules-Rules related to Registration, Returns, Payment, Refund and Invoice

n++ Frequently Asked Questions (FAQs) on GST

n++ Various resources on GST such a videos, articles etc.

n++ Related Website Links

n++ Helpdesk/Email Contact

The Mobile Application enables taxpayers to be well informed of the latest updates on GST. Taxpayers can also provide feedback and contact CBECs 24x7 helpdesk n++CBEC Mitran++ through a toll-free number or email, at the touch of a button.

The mobile application can be downloaded free of cost on Android platforms. The iOS version will be made available shortly.

With its elegant and easy-to-use interface, the GST Mobile Application is a yet another initiative by CBEC towards improving ease of doing business and providing outstanding taxpayer services.

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Tata Consultancy Services partners with Community Savings Bank Association
Feb 23,2017

Tata Consultancy Services announced that Community Savings Bank Association has selected TCS BaNCS on the Cloud as the core banking solution for its member banks across the entire United Kingdom.

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Roopa Industries announces resignation of director
Feb 23,2017

Roopa Industries announced that Kadiyala Suneetha, who is Independent Woman Director of the Company has resigned, with immediate effect, as director of the Company vide her letter dated 25 January 2017. The Board of Directors of the Company has taken note of the resignation of Kadiyala Suneetha in their meeting held on 01 February 2017.

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Wipro allots 8700 equity shares
Feb 23,2017

Wipro has allotted 8700 equity shares under ADS RSU Plan 2004 and 336 equity shares under RSU Plan 2007 to the employees on 22 February 2017 pursuant to exercise of ESOPs.

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Winsome Textile Industries gets upgradation in credit ratings
Feb 23,2017

Winsome Textile Industries has received upgrade in its credit ratings from Credit Analysis & Research for the Companys bank facilities -

Long term bank facilities (Rs 159.75 crore) - CARE BBB-; Stable
Short term bank facilities (Rs 160.25 crore) - CARE A3

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FPIs continue selling
Feb 23,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 22.62 crore into the secondary equity markets yesterday, 22 February 2017, compared with net outflow of Rs 1951.03 crore on 21 February 2017. The net outflow of Rs 22.62 crore on 22 February 2017 was a result of gross purchases of Rs 6168.13 crore and gross sales of Rs 6190.75 crore. On that day, the Sensex rose 103.12 points or 0.36% to settle at 28,864.71, its highest closing level since 8 September 2016.

There was an outflow of Rs 274.21 crore into the category primary market & others on 22 February 2017, which was a result of gross purchases of Rs 286.56 crore and gross sales of Rs 12.35 crore.

FPIs have bought stocks worth a net Rs 7748.89 crore in February 2017 so far (till 22 February 2017). They sold stocks worth a net Rs 1315.13 crore in January 2017. FPIs have purchased shares worth a net Rs 6433.76 crore from the secondary equity markets in calendar year 2017 so far (till 22 February 2017). They had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 1610.60 crore from FPIs in the category primary market & others in February 2017 so far (till 22 February 2017). There was a net inflow of Rs 138.53 crore from FPIs in the category primary market & others in January 2017. FPIs have purchased shares worth a net Rs 1749.13 crore in the category primary markets & others in calendar year 2017 so far (till 22 February 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Board of Radha Madhav Corporation allots convertible warrants
Feb 23,2017

Radha Madhav Corporation announced that the Board of Directors at its meeting held on 23 February 2017 has approved the allotment of 2 crore convertible warrants of a price of Rs 10 each on preferential basis.

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Lancer Container Lines opens branch office in Malaysia
Feb 23,2017

Lancer Container Lines has opened a branch office in Selangor, Malaysia.

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Jindal Stainless allots warrants
Feb 23,2017

Jindal Stainless has allotted 1,91,81,586 warrants of Rs 2 each at a price of Rs 39.10 per warrant to Virtuous Tradecorp on preferential basis.

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Saksoft allots 30,000 equity shares
Feb 23,2017

Saksoft announced that on recommendations received from the Nomination and Remuneration Committee, the Board of Directors vide circular resolution approved the allotment of 30,000 Equity Shares of the Company pursuant to exercise of options under ESOP 2009 Plan by eligible employees at the grant price fixed on the date of grant being 03 December 2010.

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Goa Carbon temporarily shuts down Bilaspur plant
Feb 23,2017

Goa Carbon announced that the operations at the Companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down from 22 February 2017.

There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there is sufficient inventory to service the orders in hand.

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Asian Oilfield Services to hold EGM
Feb 23,2017

Asian Oilfield Services announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 21 March 2017 .

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