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AGC Networks reports standalone net loss of Rs 0.05 crore in the March 2017 quarter
May 25,2017

Net Loss of AGC Networks reported to Rs 0.05 crore in the quarter ended March 2017 as against net loss of Rs 16.78 crore during the previous quarter ended March 2016. Sales declined 26.35% to Rs 55.99 crore in the quarter ended March 2017 as against Rs 76.02 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 14.52 crore in the year ended March 2017 as against net loss of Rs 36.71 crore during the previous year ended March 2016. Sales declined 23.60% to Rs 238.95 crore in the year ended March 2017 as against Rs 312.78 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales55.9976.02 -26 238.95312.78 -24 OPM %4.39-13.59 --2.54-5.07 - PBDT0.43-15.51 LP -21.63-33.12 35 PBT-0.05-16.78 100 -24.02-38.35 37 NP-0.05-16.78 100 -14.52-36.71 60

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Zee Media Corporation consolidated net profit declines 75.93% in the March 2017 quarter
May 25,2017

Net profit of Zee Media Corporation declined 75.93% to Rs 4.47 crore in the quarter ended March 2017 as against Rs 18.57 crore during the previous quarter ended March 2016. Sales rose 17.48% to Rs 159.96 crore in the quarter ended March 2017 as against Rs 136.16 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 19.70 crore in the year ended March 2017 as against net loss of Rs 8.47 crore during the previous year ended March 2016. Sales rose 1.35% to Rs 550.28 crore in the year ended March 2017 as against Rs 542.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales159.96136.16 17 550.28542.96 1 OPM %15.2025.39 -11.8814.50 - PBDT21.0934.58 -39 38.5048.68 -21 PBT11.0924.97 -56 -2.032.11 PL NP4.4718.57 -76 -19.70-8.47 -133

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Dhanvarsha Finvest reports standalone net loss of Rs 0.22 crore in the March 2017 quarter
May 25,2017

Net loss of Dhanvarsha Finvest reported to Rs 0.22 crore in the quarter ended March 2017 as against net profit of Rs 0.13 crore during the previous quarter ended March 2016. Sales declined 86.21% to Rs 0.08 crore in the quarter ended March 2017 as against Rs 0.58 crore during the previous quarter ended March 2016.

For the full year,net profit declined 75.00% to Rs 0.02 crore in the year ended March 2017 as against Rs 0.08 crore during the previous year ended March 2016. Sales declined 43.65% to Rs 1.02 crore in the year ended March 2017 as against Rs 1.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.080.58 -86 1.021.81 -44 OPM %-262.5029.31 -3.926.63 - PBDT-0.210.17 PL 0.040.12 -67 PBT-0.220.17 PL 0.030.12 -75 NP-0.220.13 PL 0.020.08 -75

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Zee Media Corporation standalone net profit rises 9.55% in the March 2017 quarter
May 25,2017

Net profit of Zee Media Corporation rose 9.55% to Rs 16.29 crore in the quarter ended March 2017 as against Rs 14.87 crore during the previous quarter ended March 2016. Sales rose 23.29% to Rs 117.27 crore in the quarter ended March 2017 as against Rs 95.12 crore during the previous quarter ended March 2016.

For the full year,net profit rose 72.47% to Rs 38.15 crore in the year ended March 2017 as against Rs 22.12 crore during the previous year ended March 2016. Sales rose 1.68% to Rs 390.07 crore in the year ended March 2017 as against Rs 383.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales117.2795.12 23 390.07383.61 2 OPM %25.9729.52 -20.5515.15 - PBDT32.3827.56 17 80.6059.26 36 PBT25.5822.04 16 54.1732.22 68 NP16.2914.87 10 38.1522.12 72

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Wellesley Corporation reports standalone nil net profit/loss in the March 2017 quarter
May 25,2017

Wellesley Corporation reported no net profit/loss in the quarter ended March 2017 as against net profit of Rs 0.02 crore during the previous quarter ended March 2016. Sales rose 100.00% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.01 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.07 crore in the year ended March 2017 as against net loss of Rs 0.07 crore during the previous year ended March 2016. Sales declined 70.59% to Rs 0.10 crore in the year ended March 2017 as against Rs 0.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.020.01 100 0.100.34 -71 OPM %-150.00-100.00 --120.00-32.35 - PBDT-0.03-0.01 -200 -0.10-0.10 0 PBT-0.03-0.01 -200 -0.10-0.10 0 NP00.02 -100 -0.07-0.07 0

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Ekam Leasing And Finance Co reports standalone net loss of Rs 0.15 crore in the March 2017 quarter
May 25,2017

Net loss of Ekam Leasing And Finance Co reported to Rs 0.15 crore in the quarter ended March 2017 as against net profit of Rs 0.14 crore during the previous quarter ended March 2016. Sales declined 66.67% to Rs 0.09 crore in the quarter ended March 2017 as against Rs 0.27 crore during the previous quarter ended March 2016.

For the full year,net profit declined 16.13% to Rs 0.26 crore in the year ended March 2017 as against Rs 0.31 crore during the previous year ended March 2016. Sales rose 2.50% to Rs 1.23 crore in the year ended March 2017 as against Rs 1.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.090.27 -67 1.231.20 3 OPM %33.33103.70 -86.1888.33 - PBDT-0.090.09 PL 0.320.39 -18 PBT-0.090.09 PL 0.320.39 -18 NP-0.150.14 PL 0.260.31 -16

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ADCC Infocad standalone net profit rises 36.46% in the March 2017 quarter
May 25,2017

Net profit of ADCC Infocad rose 36.46% to Rs 5.24 crore in the quarter ended March 2017 as against Rs 3.84 crore during the previous quarter ended March 2016. Sales rose 15.38% to Rs 84.87 crore in the quarter ended March 2017 as against Rs 73.56 crore during the previous quarter ended March 2016.

For the full year,net profit rose 44.47% to Rs 10.72 crore in the year ended March 2017 as against Rs 7.42 crore during the previous year ended March 2016. Sales rose 28.36% to Rs 160.52 crore in the year ended March 2017 as against Rs 125.05 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales84.8773.56 15 160.52125.05 28 OPM %20.3420.12 -20.8620.28 - PBDT9.798.31 18 19.4815.10 29 PBT7.956.82 17 15.9112.21 30 NP5.243.84 36 10.727.42 44

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Weizmann Forex standalone net profit rises 110.28% in the March 2017 quarter
May 25,2017

Net profit of Weizmann Forex rose 110.28% to Rs 10.64 crore in the quarter ended March 2017 as against Rs 5.06 crore during the previous quarter ended March 2016. Sales rose 26.10% to Rs 1406.26 crore in the quarter ended March 2017 as against Rs 1115.23 crore during the previous quarter ended March 2016.

For the full year,net profit rose 5.21% to Rs 23.01 crore in the year ended March 2017 as against Rs 21.87 crore during the previous year ended March 2016. Sales rose 25.27% to Rs 5981.40 crore in the year ended March 2017 as against Rs 4774.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1406.261115.23 26 5981.404774.87 25 OPM %1.350.68 -0.800.90 - PBDT18.348.77 109 42.6939.79 7 PBT17.307.49 131 38.1235.09 9 NP10.645.06 110 23.0121.87 5

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Bartronics India reports standalone net loss of Rs 25.33 crore in the March 2017 quarter
May 25,2017

Net Loss of Bartronics India reported to Rs 25.33 crore in the quarter ended March 2017 as against net loss of Rs 5.18 crore during the previous quarter ended March 2016. Sales rose 29.58% to Rs 18.31 crore in the quarter ended March 2017 as against Rs 14.13 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 58.06 crore in the year ended March 2017 as against net loss of Rs 33.18 crore during the previous year ended March 2016. Sales rose 68.97% to Rs 72.59 crore in the year ended March 2017 as against Rs 42.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.3114.13 30 72.5942.96 69 OPM %31.2948.76 -13.9124.19 - PBDT-23.20-5.90 -293 -48.85-24.23 -102 PBT-24.70-7.42 -233 -54.92-35.39 -55 NP-25.33-5.18 -389 -58.06-33.18 -75

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Tirupati Starch & Chemicals standalone net profit declines 19.11% in the March 2017 quarter
May 25,2017

Net profit of Tirupati Starch & Chemicals declined 19.11% to Rs 3.47 crore in the quarter ended March 2017 as against Rs 4.29 crore during the previous quarter ended March 2016. Sales rose 7.92% to Rs 47.30 crore in the quarter ended March 2017 as against Rs 43.83 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1.24 crore in the year ended March 2017 as against net loss of Rs 1.51 crore during the previous year ended March 2016. Sales rose 10.70% to Rs 174.68 crore in the year ended March 2017 as against Rs 157.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales47.3043.83 8 174.68157.79 11 OPM %7.918.67 -4.383.46 - PBDT3.600.12 2900 3.83-0.13 LP PBT2.401.18 103 -0.75-4.62 84 NP3.474.29 -19 1.24-1.51 LP

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Cabinet approves transfer of property of Hotel Janpath, New Delhi to Ministry of Urban Development
May 25,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its In Principle approval to transfer the property of Hotel Janpath, New Delhi to Ministry of Urban Development.

Hotel Janpath is located in a prime central location of the city. The property can be considered for construction of Government offices and similar purposes which would save government funds spent in hiring of government offices.

Details of implementation of the project, land usages, etc. would be taken subsequently by a Committee of Secretaries to be constituted under the chairmanship of Cabinet Secretary.

The building of Hotel Janpath has to undergo major rehabilitation work since the building structure of Hotel Janpath has been found to be unserviceable, in distressed condition and deficit in the context of seismic requirements, according to the inspection report of IIT Roorkee.

Background:

The Government of India has initiated the process of disinvestment of hotels / properties of the India Tourism Development Corporation Ltd. (ITDC). The decision on disinvestment-has been made, keeping in view that running and managing hotels on professional lines is not the work of the Government or its entities.

As part of the disinvestment policy, it has been decided to lease/sub-lease the hotels / properties jointly with the concerned States or return the properties to the States, after fair valuation. The States would then, have the option to upgrade and operate the Motels by involving the private sector or to utilize the properties as per their requirements. States have exercised their options accordingly, in each case going forward with, the option best suited to their needs.

In the first stage of the disinvestment process, it was decided to disinvest three hotels, viz. Hotel Lake View Ashok, Bhopal, Hotel Brahmaputra Ashok, Guwahati and Hotel Bharatpur Ashok. Hotel Janpath, New Delhi is next in the list.

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Bosch gains after announcing Q4 results
May 25,2017

Meanwhile, the S&P BSE Sensex was up 209.31 points or 0.69% at 30,510.95.

On the BSE, 4,430 shares were traded on the counter so far as against the average daily volumes of 1,411 shares in the past one quarter. The stock had hit a high of Rs 24,056.80 and a low of Rs 22,600 so far during the day.

The stock had hit a 52-week high of Rs 25,649.95 on 10 August 2016 and a 52-week low of Rs 18,005 on 22 November 2016. It had underperformed the market over the past one month till 24 May 2017, advancing 1.38% compared with the Sensexs 2.18% rise. The scrip had also underperformed the market over the past one quarter, gaining 3.73% as against the Sensexs 4.88% rise.

The large-cap company has equity capital of Rs 30.52. Face value per share is Rs 10.

Boschs net profit fell 10.21% to Rs 440.47 crore on 3.14% growth in total income from operations to Rs 2780.20 crore in Q4 March 2017 over Q4 March 2016.

Boschs board of directors at its meeting held today, 25 May 2017, recommended a final dividend of Rs 90 per share for the year ended March 2017.

In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch is the flagship company of the Bosch Group in India.

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Sintex Industries leads gainers on BSEs A group
May 25,2017

Sintex Industries jumped 43.43% at Rs 26.75 as the stock is trading ex-scheme of arrangement today, 25 May 2017, for the demerger of its plastics division. The stock topped the gainers in A group. On the BSE, 3.6 crore shares were traded on the counter so far as against the average daily volumes of 17.04 lakh shares in the past two weeks.

Sintex Industries board, in September 2016, had approved a composite scheme of arrangement for the demerger of the custom moulding business and the prefab business from Sintex Industries to Sintex-BAPL and Sintex Infra Projects, respectively, each a wholly owned subsidiary of Sintex Plastics Technology (SPTL).

Jain Irrigation Systems surged 9.24% at Rs 94 after consolidated net profit rose 23.96% to Rs 77.6 crore on 9.58% rise in revenue from operations to Rs 2286.5 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017. The stock was the second biggest gainer in A group. On the BSE, 18.59 lakh shares were traded on the counter so far as against the average daily volumes of 8.57 lakh shares in the past two weeks.

Bharat Financial Inclusion spurted 7.73% at Rs 720.50. The stock was the third biggest gainer in A group. On the BSE, 3.6 lakh shares were traded on the counter so far as against the average daily volumes of 7.75 lakh shares in the past two weeks.

Jaiprakash Associates rose 6.96% at Rs 9.99. The stock was the fourth biggest gainer in A group. On the BSE, 47.2 lakh shares were traded on the counter so far as against the average daily volumes of 57.9 lakh shares in the past two weeks.

Bajaj Electricals gained 5.37% at Rs 344.60. The stock was the fifth biggest gainer in A group. On the BSE, 68,000 shares were traded on the counter so far as against the average daily volumes of 42,000 shares in the past two weeks.

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Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016
May 25,2017

The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November, 2016. The Prohibition of Benami Property Transactions Rules, 2016 have been framed in this regard. As per the Act, Benami property includes movable or immovable property, tangible or intangible property, corporeal or incorporeal property. It empowers provisional attachment and subsequent confiscation of benami properties. It also allows for prosecution of the beneficial owner, the benamidar, the abettor and the inducer to benami transactions, which may result in rigorous imprisonment up to 7 years and fine up to 25% of fair market value of the property.

The Income-tax Directorates of Investigation have identified more than 400 benami transactions up to 23 May, 2017. These include deposits in bank accounts, plots of land, flat and jewellery. Provisional attachment of properties under the Act has been done in more than 240 cases. The market value of properties under attachment is more than Rs. 600 crore. Immovable properties have been attached in 40 cases with total value of more than Rs. 530 crore in Kolkata, Mumbai, Delhi, Gujarat, Rajasthan and Madhya Pradesh.

In one case in Jabalpur, the benamidar, a driver, was found to be owner of land worth Rs 7.7 crore. The beneficial owner is a Madhya Pradesh based listed company, his employer. In Mumbai a professional was found to be holding several immovable properties in the name of shell companies which exist only on paper. In another case in Sanganer, Rajasthan a jeweller was found to be beneficial owner of nine immovable properties in the name of his former employee, a man of no means. Certain properties purchased through shell companies have also been attached by the Department in Kolkata.

The Government is keen to implement the new Benami Act in an effective manner with visible outcomes on the ground. For this purpose, 24 dedicated Benami Prohibition Units (BPUs) have been set up all over India in the last week. These units are under the overall supervision of the Principal Directors of Investigation in the Income-tax Department to enable swift action and follow up, especially in cases where criminality has been detected.

In addition, the Income-tax Department, has undertaken searches on 10 senior government officials during the past one month, keeping in view its policy to unearth black money earned through corrupt practices and introduce accountability and probity in public life. The crackdown on all forms of illicit wealth is being spearheaded by the ITD to ensure that any economic misdeed is immediately identified and actions as per law follows.

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PC Jewellers allots 75,200 equity shares
May 25,2017

PC Jewellers allots 75,200 equity shares under ESOP 2011.

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