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L G Balakrishnan & Bros standalone net profit declines 9.66% in the December 2016 quarter
Feb 07,2017

Net profit of L G Balakrishnan & Bros declined 9.66% to Rs 13.94 crore in the quarter ended December 2016 as against Rs 15.43 crore during the previous quarter ended December 2015. Sales rose 0.35% to Rs 267.30 crore in the quarter ended December 2016 as against Rs 266.38 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales267.30266.38 0 OPM %12.7512.87 - PBDT32.1930.85 4 PBT19.6719.53 1 NP13.9415.43 -10

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Board of AVT Natural Products declares interim dividend
Feb 07,2017

AVT Natural Products announced that the Board of Directors approved the following at their meeting held on 07 February 2017 :

1. Re- appointment of M.N Satheesh Kumar, President & COO as the Manager (KMP) of the Company for a period of 3 years, w.e.f -01 April 2017.

2. Declaration the Interim Dividend of 20% (Re. 0.20/- per equity share with face value of Re. 1/- each) for the Financial year 2016-17.

3. Purchase of land at Karnataka for future expansion of the Company.

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Tata Communications partners with Dorna Sports
Feb 07,2017

Tata Communications has been selected by Dorna Sports as the exclusive video distribution partner for the FIM MotoGPn++ World Championship and Superbike World Championship (WorldSBK). Tata Communications will distribute the motorcycle road racing action from five continents to over 80 media partners, reaching over 200 million households, using itsglobal superfast fibre and satellite network.

As part of the new partnership, Tata Communications and Dorna will collaborate on several innovation projects involving technologies such as low-latency Ultra-High Definition (UHD), 360n++ and live OTT video feeds, as well as remote production and High-Dynamic-Range (HDR) imaging, enabled by Tata Communications Media Ecosystem. This ecosystem, including the Video Connect service, combines traditional video contribution services and IP connectivity in a global cloud-based platform.

It will allow Dorna to manage and distribute MotoGPn++ and WorldSBK video feeds from any location to any device in perfect synchronicity. By eliminating the common lag with OTT content delivery, Tata Communications Media Ecosystem ensures a truly real-time and interactive race experience for fans, whether they are watching the action on TV or a mobile device.

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Idea Cellular proposes to issue NCDs aggregating Rs 1000 crore
Feb 07,2017

Idea Cellular proposes to issue secured redeemable non-convertible debentures amounting to Rs 1000 crore on private placement basis. The deemed date of allotment is 08 February 2017.

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Board of Minda Industries declares interim dividend
Feb 07,2017

Minda Industries announced that the Board of Directors in their meeting dated 07 February 2017 have approved and declared the following interim dividend -

a. At the rate of Rs. 1.20 per share i.e. 60% on 79,326,780 equity shares (face value of Rs. 2 each);

b. At the rate of Rs. 0.30 per share on 3,500,000 3% cumulative redeemable preference share of Rs.10 each.

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Solar Industries India fixes record date for interim dividend
Feb 07,2017

Solar Industries India announced has fixed 20 February 2017 as the Record Date for the purpose of Payment of Interim Dividend, if approved.

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Board of Indian Metals & Ferro Alloys declares interim dividend
Feb 07,2017

Indian Metals & Ferro Alloys announced that the Board of Directors of the Company at their meeting held on 07 February 2017, inter alia, have transacted the following:

- Declared an interim dividend of Rs. 10/- per share. Payment of dividend/despatch of dividend warrants will be completed within 30 days of declaration of interim dividend.

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Fiberweb (India) bags repeat export order
Feb 07,2017

Fiberweb (India) has received a repeat export order worth Rs 14.1 crore from USA. With this, the total order book stands at Rs 101 crore.

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Ruttonsha International Rectifier gets reaffirmation of credit ratings
Feb 07,2017

Ruttonsha International Rectifier announced that ICRA have re-affirmed the Companys long term Credit rating of [ICRA]BB+ (pronounced ICRA double B plus) rating with a stable outlook to the Companys Fund based limits and a short term rating of [ICRA]A4+ (pronounced ICRA A four plus) rating to the Companys Non fund based limits.

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Tata Motors announces sales performance of Jaguar Land Rover
Feb 07,2017

Jaguar Land Rover achieved total retail sales of 47,693 units in January 2017, recording a growth of 4% over January 2016.

Jaguar Land Rovers global sales performance for January shows growth in North America (29%), China (14%), the UK (2%) but down in Europe (8%) and in other overseas markets (19%).

Jaguar sales were 13,949 units, up 76% compared to January 2016. Land Rover sales were 33,744 units in January 2017, down 11% compared to January 2016.

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Cerebra Integrated Technologies inaugurates E-Waste Recycling facility
Feb 07,2017

Cerebra Integrated Technologies inaugurated its E-Waste RecyclingFacility at Narasapura KIADB Industrial Area, Kolar District which spans over an area of 12 acres of prime industrial land and with built up area of more than 40000 sft.

The current capacity of the facility is 36000 tons per annum and Cerebra will expand further in the near future to add PGM refining.

The services offered include Collection, Segregation (Re-usable & Non-Reusable) Repair, Recondition, Refurbish for Reuse, Re-marketing, Data Wiping, Data Destruction & Data Recovery Process. Recovery Services that will now be offered will be Recycling & Separation of Metals, Plastics& Glass Recovery.

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Carborundum Universal fixes record date for interim dividend
Feb 07,2017

Carborundum Universal has fixed 15 February 2017 as the Record Date for the purpose of Payment of Interim Dividend.

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Dilip Buildcon ties up with IBM for Digital Transformation
Feb 07,2017

Dilip Buildcon has tied up with IBM for strategic and transformational journey to address business needs. IBM will do the process standardization, operational excellence and ERP -SAP S4 HANA on Cloud, implementation to leverage role based access to critical data, applications, analytical tools, effectively manage and utilize, the largest fleet of more than 8000 vehicles and machineries. It will streamline DBLs processes across procurement, projects, asset management, finance and HR, improve stakeholder collaborations.

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Intense Technologies recognised for Customer Management Software
Feb 07,2017

Intense Technologies announced that it has been positioned as a Niche Player in Gartner, Inc.s Magic Quadrant for Customer Communications Management (CCM) Software Report, published on 26 January 2017.

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Lakshmi Machine Works slips after poor Q3 result
Feb 07,2017

The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the BSE Sensex was down 51.33 points, or 0.18%, to 28,387.95

On BSE, so far 310 shares were traded in the counter, compared with average daily volume of 1,548 shares in the past one quarter. The stock hit a high of Rs 3,874.40 and a low of Rs 3,824 so far during the day. The stock hit a record high of Rs 4,698.50 on 6 October 2016. The stock hit a 52-week low of Rs 3,050 on 26 February 2016.

The mid-cap company has equity capital of Rs 10.96 crore. Face value per share is Rs 10.

Lakshmi Machine Works manufacturers entire range of textile spinning machinery from blow room to ring spinning.

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