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Saboo Sodium Chloro to hold EGM
May 02,2017

Saboo Sodium Chloro announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 31 May 2017 .

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Maharajas Express , operated by Railways PSU, IRCTC, to begin its Two new tour circuits focussing especially on Domestic Travellers from June 2017
May 02,2017

The Indian Railway PSU, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has decided to start two new circuits of their flagship luxury train Maharajas Express, this year. These two new trips have been named as n++Southern Sojournn++ and n++Southern Jewelsn++ which will cover prominent destinations in West and South India. The Southern Sojourn will cover Goa, Hampi, Mysore, Ernakulam, Kumarakom and Trivandrum. The Southern Jewels will cover Chettinad, Mahabalipuram, Mysore, Hampi and Goa.

Maharajas Express is known for recreating the royal journeys of yesteryears. Though the regular trip of these two new journeys will take place in September 2017 for this year, however two new tour circuits with a view to cater especially to domestic travellers are being planned during monsoon period of June/July 2017.

Tariff in Indian Rupees has been introduced for the Monsoon Special itineraries. Lucrative offers to attract domestic travellers have also been planned. On the booking of first adult on twin sharing at full cost, the second adult sharing the same cabin will be on Complimentary Basis. Moreover, a guest booking a Deluxe Cabin gets a chance to upgrade to a Junior Suite by paying only 50 % of the difference in tariff between Junior Suite and Deluxe Cabin.

For the very first time part journey has been introduced in the Monsoon Special itineraries of Maharajas Express. Passengers are allowed to avail part of the total journey on a fixed price of USD 500 / ₹ 33250.00 per day per person on twin sharing basis. On single occupancy basis the charges would be USD 800 / ₹ 53200.00. The prices are exclusive of taxes and limited to a maximum of 2 nights 3 days

The Southern Sojourn - Monsoon Special shall start from Mumbai on 24th June 2017 & stop at Goa, Hampi, Mysore, Cochin, Alleppey before terminating at Trivandrum. The Southern Jewels - Monsoon Special shall depart from Trivandrum on 1st July 2017 and terminate at Mumbai covering Chettinad, Mahabalipuram, Mysore, Hampi and Goa. Each journey shall be of 8 Days/7 Nights duration.

The regular trip of Southern Sojourn will start from Mumbai on 9 Sep 2017 and Southern Jewels will start from Trivandrum on 16 Sep 2017.

In addition to visits to monuments and sight-seeing at each destination under these trips, the guests shall have an opportunity to enjoy traditional cultural performances at Cochin, visit a Coir Factory and enjoy a cruise with lunch at Alleppey, savour traditional Chettinad Cuisine demo and much more on these fabulous journeys.

For Guests booking online or directly through phone, a special facility is being offered free of cost in the form of redeemable voucher of USD 250 (approx Rs. 16000/-) for each individual guest. Although the vouchers cannot be encashed they can be redeemed against all off-board optionals, liquor bills, on-board boutique purchases and laundry bills.

Maharajas Express commenced its operations in 2010, and since then the train has become the Leading Luxury Train of the World with comparisons to the Royal Scotsman and the Eastern and Oriental Express. The train is the recipient of the coveted Leading Luxury Train of the World Award for the last five years in a row since 2012.

The 23 coach long Maharajas Express, with a capacity of 88 guests, is a cut above other luxury trains in each aspect - the cabin experience, onboard dining, the excursions and events organized for guests. The train has state of the art features with on-board water filtration plant, spacious cabin sizes with no bunk beds, two bars cum lounges, two restaurants and of course a well trained on-board team to cater to global expectations.

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Board of Shilp Gravures recommends final dividend
May 02,2017

Shilp Gravures announced that the Board of Directors of the Company at its meeting held on 29 April 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Astra Microwave Products recommends final dividend
May 02,2017

Astra Microwave Products announced that the Board of Directors of the Company at its meeting held on 29 April 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Fishing Falcons to hold AGM
May 02,2017

Fishing Falcons announced that the Annual General Meeting (AGM) of the company will be held on 13 July 2017.

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Rupee registeres moderate gain
May 02,2017

Rupee closed higher at 64.4425/4500 per dollar on Tuesday (02 May 2017), versus its previous close of 64.4975/50 per dollar last Friday.

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Successful auction of one limestone block in Raipur District concludes; estimated cumulative revenue of Rs 11,894 Cr to State
May 02,2017

The State Government of Chattisgarh has successfully auctioned one block of Limestone (Kesla II) in Raipur District with reserves of 215 million tonnes as on today. The preferred bidder for this block is M/s Dalmia (Bharat) Cement. This block has an estimated value of mineral resource of Rs 10,367 crores. With a reserve price of 5%, the block received a highest bid of 96.15% which translates into estimated cumulative revenue of Rs 11,894 crores to State Government over the lease period. The additionality to States exchequer through auctions only, works out to be Rs.9,968 Crores over the lease period whereas Royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) would contribute Rs 1,720 Crore, Rs 172 Crore and Rs 34.4 Crore respectively.

With this successful auction of one limestone block in Raipur District, a total of twenty two blocks with estimated value of resources over 1 lakh Crore has been disposed of in a transparent manner till date. The total estimated revenue accrued to the State Governments over the lease period stands at Rs 85,253 Crores with Rs 67,502 Crore as additionality to the States exchequer through auctions. Out of this the cumulative Royalty, District Mineral Fund (DMF) and National Mineral Exploration Trust (NMET) contributions work out to be Rs. 17,752 Crores (Rs. 15,850 Crores, Rs.1,590 Crores and Rs.317 Crores, respectively).

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Choice International consolidated net profit rises 3.10% in the March 2017 quarter
May 02,2017

Net profit of Choice International rose 3.10% to Rs 1.33 crore in the quarter ended March 2017 as against Rs 1.29 crore during the previous quarter ended March 2016. Sales declined 69.55% to Rs 25.98 crore in the quarter ended March 2017 as against Rs 85.31 crore during the previous quarter ended March 2016.

For the full year,net profit rose 46.28% to Rs 6.29 crore in the year ended March 2017 as against Rs 4.30 crore during the previous year ended March 2016. Sales declined 34.58% to Rs 118.81 crore in the year ended March 2017 as against Rs 181.60 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales25.9885.31 -70 118.81181.60 -35 OPM %26.407.36 -22.6613.28 - PBDT3.412.86 19 12.518.85 41 PBT2.812.32 21 10.286.78 52 NP1.331.29 3 6.294.30 46

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Graviss Hospitality consolidated net profit rises 35.29% in the March 2017 quarter
May 02,2017

Net profit of Graviss Hospitality rose 35.29% to Rs 1.38 crore in the quarter ended March 2017 as against Rs 1.02 crore during the previous quarter ended March 2016. Sales declined 19.85% to Rs 11.79 crore in the quarter ended March 2017 as against Rs 14.71 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.91 crore in the year ended March 2017 as against net loss of Rs 2.41 crore during the previous year ended March 2016. Sales declined 13.30% to Rs 43.23 crore in the year ended March 2017 as against Rs 49.86 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales11.7914.71 -20 43.2349.86 -13 OPM %8.747.48 -2.085.31 - PBDT0.670.75 -11 -0.831.27 PL PBT-0.350 0 -5.64-3.43 -64 NP1.381.02 35 -3.91-2.41 -62

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Deep Industries standalone net profit rises 81.20% in the March 2017 quarter
May 02,2017

Net profit of Deep Industries rose 81.20% to Rs 23.23 crore in the quarter ended March 2017 as against Rs 12.82 crore during the previous quarter ended March 2016. Sales rose 36.48% to Rs 74.90 crore in the quarter ended March 2017 as against Rs 54.88 crore during the previous quarter ended March 2016.

For the full year,net profit rose 80.98% to Rs 74.02 crore in the year ended March 2017 as against Rs 40.90 crore during the previous year ended March 2016. Sales rose 64.06% to Rs 277.38 crore in the year ended March 2017 as against Rs 169.07 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales74.9054.88 36 277.38169.07 64 OPM %49.0455.39 -56.1056.88 - PBDT40.1325.80 56 141.6182.00 73 PBT30.6316.60 85 108.0961.58 76 NP23.2312.82 81 74.0240.90 81

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Ashika Credit Capital reports standalone net loss of Rs 1.45 crore in the March 2017 quarter
May 02,2017

Net Loss of Ashika Credit Capital reported to Rs 1.45 crore in the quarter ended March 2017 as against net loss of Rs 0.96 crore during the previous quarter ended March 2016. Sales rose 85.71% to Rs 0.65 crore in the quarter ended March 2017 as against Rs 0.35 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1.88 crore in the year ended March 2017 as against net loss of Rs 5.98 crore during the previous year ended March 2016. Sales rose 151.03% to Rs 3.64 crore in the year ended March 2017 as against Rs 1.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.650.35 86 3.641.45 151 OPM %-53.85-885.71 -81.87-560.00 - PBDT-0.35-3.08 89 2.98-8.10 LP PBT-0.35-3.08 89 2.98-8.10 LP NP-1.45-0.96 -51 1.88-5.98 LP

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Kansai Nerolac Paints standalone net profit declines 81.24% in the March 2017 quarter
May 02,2017

Net profit of Kansai Nerolac Paints declined 81.24% to Rs 116.17 crore in the quarter ended March 2017 as against Rs 619.32 crore during the previous quarter ended March 2016. Sales rose 8.00% to Rs 938.59 crore in the quarter ended March 2017 as against Rs 869.09 crore during the previous quarter ended March 2016.

For the full year,net profit declined 43.71% to Rs 505.94 crore in the year ended March 2017 as against Rs 898.85 crore during the previous year ended March 2016. Sales rose 6.99% to Rs 3988.17 crore in the year ended March 2017 as against Rs 3727.60 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales938.59869.09 8 3988.173727.60 7 OPM %17.4915.51 -18.3215.56 - PBDT187.23144.35 30 828.91607.33 36 PBT169.72127.27 33 759.42539.61 41 NP116.17619.32 -81 505.94898.85 -44

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Graviss Hospitality standalone net profit declines 47.74% in the March 2017 quarter
May 02,2017

Net profit of Graviss Hospitality declined 47.74% to Rs 1.27 crore in the quarter ended March 2017 as against Rs 2.43 crore during the previous quarter ended March 2016. Sales declined 20.56% to Rs 11.09 crore in the quarter ended March 2017 as against Rs 13.96 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.90 crore in the year ended March 2017 as against net loss of Rs 1.08 crore during the previous year ended March 2016. Sales declined 12.14% to Rs 41.47 crore in the year ended March 2017 as against Rs 47.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales11.0913.96 -21 41.4747.20 -12 OPM %8.4815.11 -1.747.16 - PBDT0.541.80 -70 -0.922.16 PL PBT-0.471.04 PL -5.64-2.47 -128 NP1.272.43 -48 -3.90-1.08 -261

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Choice International standalone net profit declines 15.79% in the March 2017 quarter
May 02,2017

Net profit of Choice International declined 15.79% to Rs 0.64 crore in the quarter ended March 2017 as against Rs 0.76 crore during the previous quarter ended March 2016. Sales declined 91.46% to Rs 4.69 crore in the quarter ended March 2017 as against Rs 54.92 crore during the previous quarter ended March 2016.

For the full year,net profit rose 56.02% to Rs 2.59 crore in the year ended March 2017 as against Rs 1.66 crore during the previous year ended March 2016. Sales declined 74.79% to Rs 19.63 crore in the year ended March 2017 as against Rs 77.86 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales4.6954.92 -91 19.6377.86 -75 OPM %49.684.35 -36.939.98 - PBDT1.401.40 0 4.393.13 40 PBT1.231.12 10 3.462.02 71 NP0.640.76 -16 2.591.66 56

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Cyprus seeks Indian investments to enhance ties: Nicos Anastasiades
May 02,2017

H.E. Mr Nicos Anastasiades, Honble President of the Republic of Cyprus urged Indian industry to invest in the countrys key areas including banking and finance, shipping and transportation, education, science and technology, pharmaceuticals, renewable energy and tourism in order to stimulate trade and investments between the two countries said at `India -Cyprus Business Session` jointly organized by ASSOCHAM, CII and FICCI.

He said, Cyprus`s shipping industry has been one of the most successful export services of our country, as Cyprus enjoys the privilege of being one of the most influential global hubs for ship owning and ship management services, and home to some of the world`s most prominent names in shipping; offering competitive ship registration costs and favourable tax regime for ship management and other international business enterprises.

The education sector also has the capacity of becoming another significant area of collaboration between Cyprus and India. The three state Universities, and the five highly esteemed private universities offer a wide range of courses and degree programmes, attracting foreign students from all over the world, rendering the island a major educational centre in the region.

Another field of great prospect relates to science and technology, on which India possesses much-needed and much-welcomed experience and expertise, which could greatly benefit Cyprus. Attracting talent is very important for boosting our entrepreneurial and start-up ecosystem. For this reason, we have very recently introduced an attractive n++Start-up Visa Schemen++, under which startups from India can easily locate in Cyprus and have easy access to the EU market.

Other areas of co-operation which could be actively explored are those of renewable energy on which Cyprus has a long-standing expertise, and Tourism, Mr Nicos Anastasiades added.

In this respect, the Protocol on Air Services Agreement to be signed on Friday in New Delhi can pave the way for establishing direct connectivity between our two countries; thus increasing the so far very modest number of tourism exchanges if one considers the potential that this sector holds. A new strategy recently completed aims to diversify and enrich the tourist product. With the first luxury casino resort, the marinas and other major projects this is a space to watch out for new investments, said the Cyprus President.

n++Cyprus is now emerging stronger than ever from an unprecedented crisis and our journey along the road to recovery has been faster than anyone could predict, enjoying one of the fastest growing economies of the EU; currently just short of 3% of the GDPn++.

n++We recognise the importance of maintaining sound public finances. We are committed to maintain a stable and competitive tax regime. We shall continue to invest in our human capital, supporting higher education and researchn++.

In particular, the Government has developed a new legal framework, which establishes the procedure of direct licensing of large investments, and it applies on pilot cases a fast track licensing mechanism for investment projects. I would encourage foreign investors, including Indian investors, to invest in projects in Cyprus, which the Presidency can promote through its fast track mechanism for receiving the relevant licenses within short and specific timeframes.

Mr Sandeep Jajodia, President, ASSOCHAM said, n++Cyprus is not only an attractive investment destination but could be used as a gateway to EU for Indian businesses. The other area where India can contribute is imparting and providing host of digital skills and services. Besides, India can provide world class healthcare facilities which will complement your booming tourism sectorn++.

Mr. Deep Kapuria, Chairman, CII Central Europe Committee, and Chairman, Hi-Tech Group said that Cyprus location in the Eastern Mediterranean at the crossroads of three continents gives it easy access to the markets of West Asia, North Africa, Russia and Southern Europe. It can act as a gateway to these regions for Indian companies, particularly the EU of which it is a member state.

Mr. Rakesh Bakshi, Sr. FICCI Executive Committee Member and Chairman & Managing Director, RRB Energy Ltd added, enriching and broad-basing our economic relations would hold us good and role of tourism and hospitality sector can play an integral role in catapulting our relations to next level. Information technology & information technology enabled services, biotechnology, pharmaceuticals and R&D, to mention a few will certainly and needed verve to our economic engagements.

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