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Sri KPR Industries standalone net profit declines 90.20% in the March 2017 quarter
May 25,2017

Net profit of Sri KPR Industries declined 90.20% to Rs 0.10 crore in the quarter ended March 2017 as against Rs 1.02 crore during the previous quarter ended March 2016. Sales rose 13.44% to Rs 2.87 crore in the quarter ended March 2017 as against Rs 2.53 crore during the previous quarter ended March 2016.

For the full year,net profit declined 61.90% to Rs 2.32 crore in the year ended March 2017 as against Rs 6.09 crore during the previous year ended March 2016. Sales declined 7.31% to Rs 8.75 crore in the year ended March 2017 as against Rs 9.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.872.53 13 8.759.44 -7 OPM %24.3941.11 -58.6347.99 - PBDT0.85-2.71 LP 5.434.92 10 PBT0.14-3.57 LP 2.792.50 12 NP0.101.02 -90 2.326.09 -62

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Bajaj Hindusthan Sugar standalone net profit rises 100.46% in the March 2017 quarter
May 25,2017

Net profit of Bajaj Hindusthan Sugar rose 100.46% to Rs 259.13 crore in the quarter ended March 2017 as against Rs 129.27 crore during the previous quarter ended March 2016. Sales declined 4.56% to Rs 1567.01 crore in the quarter ended March 2017 as against Rs 1641.82 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 7.40 crore in the year ended March 2017 as against net loss of Rs 119.79 crore during the previous year ended March 2016. Sales declined 6.38% to Rs 4384.59 crore in the year ended March 2017 as against Rs 4683.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1567.011641.82 -5 4384.594683.23 -6 OPM %30.3020.95 -19.5116.94 - PBDT308.85179.85 72 215.70100.77 114 PBT256.49125.85 104 1.58-123.21 LP NP259.13129.27 100 7.40-119.79 LP

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Board of Somany Ceramics approves modernisation and upgradation of production lines
May 25,2017

Somany Ceramics announced that the Board of Directors of the Company at its meeting held on Wednesday the 24 May 2017 have approved modernization and upgradation of certain production lines at (i) Kassar (Haryana) Plant which will result into increase in capacity of value added tiles by 2.50 million square meters per annum and (ii) Kadi (Gujarat) Plant to improve the value added mix with decrease in capacity by 1.77 million square meters per annum.

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Progress of new urban missions in Chattisgarh to be reviewed tomorrow in Raipur
May 25,2017

Progress of new urban missions launched during the last three years in Chattisgarh will be reviewed in a high level meeting in Raipur tomorrow.

Five Urban Missions viz., Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Smart City Mission, Swachh Bharat Mission, Pradhan Mantri Awas Yojana (Urban) and Deen Dayal Antyodaya Yojana-NULM in Chattisgarh will be reviewed in detail.

In a new initiative to ensure timely implementation of projects under new urban missions, Shri M.Venkaiah Naidu has undertaken such joint reviews with Chief Ministers in respective capital cities in 19 States that accounted for an investment of about Rs.3.00 lakh cr approved under different missions out of the total investment of over Rs.4.00 lakh cr so far approved. Chattisgarh will be the twentieth to be reviewed tomorrow.

The States that were so far reviewed during the last three months are ; Assam, Arunachal Pradesh, Gujarat, Goa, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Rajasthan, Sikkim, Tamil Nadu, Tripura and Uttar Pradesh.

Progress of metro projects and heritage infrastructure development projects is also reviewed wherever they are being implemented.

These reviews are aimed at ensuring timely execution and completion of projects within the mission period i.e by 2019-20 except in case of PMAY(Urban) under which all the eligible beneficiaries are to be enabled to own a house by 2022. Each review meeting lasts over four hours.

Ahead of Chattisgarh review tomorrow, Shri Venkaiah Naidu today said that he was delighted over the useful reviews in 19 States as they proved to be beneficial for both the central and state governments in the implementation.

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Redington India to pay dividend
May 25,2017

Redington India announced that dividend, if approved will be paid on and from 23 August 2017.

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Board of Page Industries appoints directors
May 25,2017

Page Industries has appointed Vedji Ticku as Additional Director, designated as Executive Director and Chief Executive Officer with effect from 25 May 2017 and also appointed V S Ganesh as Additional Director, designation as Executive Director - Manufacturing & Operations of the Company with effect from 25 May 2017 at board meeting held on 25 May 2017.

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Indian Overseas Bank nudges higher on pans to raise equity capital
May 25,2017

The announcement was made after market hours yesterday, 24 May 2017.

The stock had dropped 15.71% in six sessions to Rs 25.20 yesterday, 24 May 2017 from a close of Rs 29.90 on 16 May 2017, mainly driven lower by weak Q4 results.

Meanwhile, the S&P BSE Sensex was up 290.72 points or 0.96% at 30,587.09. The S&P BSE Mid-Cap index was up 147.15 points or 1.05% at 14,184.85.

On the BSE, 2.1 lakh shares were traded on the counter so far as against the average daily volumes of 4.17 lakh shares in the past one quarter. The stock had hit a high of Rs 25.65 and a low of Rs 25.35 so far during the day.

The stock had hit a 52-week high of Rs 32.25 on 5 May 2017 and a 52-week low of Rs 21.10 on 9 November 2016. The stock had underperformed the market over the past one month till 24 May 2017, declining 11.42% compared with 2.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 7.18% as against Sensexs 4.88% rise.

The mid-cap public sector bank has equity capital of Rs 2454.73 crore. Face value per share is Rs 10.

Indian Overseas Bank reported net loss of Rs 646.66 crore in Q4 March 2017, compared with net loss of Rs 936.19 crore in Q4 March 2016. The banks total income declined 8.1% to Rs 5661.70 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 79.56% stake in Indian Overseas Bank as per the shareholding pattern as on 31 March 2017.

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Indian Overseas Bank nudges higher on plans to raise equity capital
May 25,2017

The announcement was made after market hours yesterday, 24 May 2017.

The stock had dropped 15.71% in six sessions to Rs 25.20 yesterday, 24 May 2017 from a close of Rs 29.90 on 16 May 2017, mainly driven lower by weak Q4 results.

Meanwhile, the S&P BSE Sensex was up 290.72 points or 0.96% at 30,587.09. The S&P BSE Mid-Cap index was up 147.15 points or 1.05% at 14,184.85.

On the BSE, 2.1 lakh shares were traded on the counter so far as against the average daily volumes of 4.17 lakh shares in the past one quarter. The stock had hit a high of Rs 25.65 and a low of Rs 25.35 so far during the day.

The stock had hit a 52-week high of Rs 32.25 on 5 May 2017 and a 52-week low of Rs 21.10 on 9 November 2016. The stock had underperformed the market over the past one month till 24 May 2017, declining 11.42% compared with 2.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 7.18% as against Sensexs 4.88% rise.

The mid-cap public sector bank has equity capital of Rs 2454.73 crore. Face value per share is Rs 10.

Indian Overseas Bank reported net loss of Rs 646.66 crore in Q4 March 2017, compared with net loss of Rs 936.19 crore in Q4 March 2016. The banks total income declined 8.1% to Rs 5661.70 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 79.56% stake in Indian Overseas Bank as per the shareholding pattern as on 31 March 2017.

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Board of VKJ Infradevelopers approves participation in Delhi Govt.s Land-Pooling Policy
May 25,2017

VKJ Infradevelopers announced that the Board of Directors of the Company at its meeting held on 25 May 2017 has approved the following -

- To participate into the Land-Pooling Policy (LPP) as notified by The Urban Development Department of the Delhi government in which the Government has declared 89 villages here as urban areas which will help the authorities develop infrastructure projects in those localities;

- To acquire the land towards construction of flats on line of Land-Pooling Policy (LPP) as mentioned above.

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Bharat Heavy Electricals commissions 4th 270MW thermal unit
May 25,2017

Bharat Heavy Electricals has commissioned 4th unit of 270 MW thermal unit at RattanIndia Nashik Powers 5x270 MW thermal power plant, located at Sinnar in Nashik District of Maharashtra.

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Volumes jump at Ambuja Cements counter
May 25,2017

Ambuja Cements clocked volume of 69.50 lakh shares by 14:19 IST on BSE, a 54.01-times surge over two-week average daily volume of 1.29 lakh shares. The stock was up 1.32% at Rs 238.65.

AIA Engineering notched up volume of 74,000 shares, a 33.68-fold surge over two-week average daily volume of 2,000 shares. The stock lost 2.69% at Rs 1,359.90.

Sintex Industries saw volume of 3.67 crore shares, a 21.58-fold surge over two-week average daily volume of 17.04 lakh shares. The stock surged 41.55% at Rs 26.40 as the stock is trading ex-scheme of arrangement today, 25 May 2017, for the demerger of its plastics division.

Advanced Enzyme Technologies clocked volume of 1.86 lakh shares, a 15.68-fold surge over two-week average daily volume of 12,000 shares. The stock jumped 8.9% at Rs 404.45.

Ion Exchange (India) saw volume of 1.39 lakh shares, a 14.6-fold rise over two-week average daily volume of 9,000 shares. The stock was locked at 5% upper circuit at Rs 441.

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Mangalam Drugs & Organics receives final approval for its plant in Vapi
May 25,2017

Mangalam Drugs & Organics has received final approval of WHO-Geneva for its plant on Unit 2 situated at Vapi.

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Emkay Global Financial Services consolidated net profit rises 95.17% in the March 2017 quarter
May 25,2017

Net profit of Emkay Global Financial Services rose 95.17% to Rs 4.04 crore in the quarter ended March 2017 as against Rs 2.07 crore during the previous quarter ended March 2016. Sales rose 16.00% to Rs 29.65 crore in the quarter ended March 2017 as against Rs 25.56 crore during the previous quarter ended March 2016.

For the full year,net profit rose 1.33% to Rs 12.19 crore in the year ended March 2017 as against Rs 12.03 crore during the previous year ended March 2016. Sales rose 2.13% to Rs 105.23 crore in the year ended March 2017 as against Rs 103.04 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales29.6525.56 16 105.23103.04 2 OPM %19.4916.47 -19.1320.86 - PBDT7.293.86 89 20.5420.25 1 PBT5.952.88 107 16.4216.66 -1 NP4.042.07 95 12.1912.03 1

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AGC Networks reports consolidated net profit of Rs 5.37 crore in the March 2017 quarter
May 25,2017

Net profit of AGC Networks reported to Rs 5.37 crore in the quarter ended March 2017 as against net loss of Rs 13.02 crore during the previous quarter ended March 2016. Sales declined 15.86% to Rs 183.71 crore in the quarter ended March 2017 as against Rs 218.33 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 12.09 crore in the year ended March 2017 as against net loss of Rs 34.59 crore during the previous year ended March 2016. Sales declined 13.05% to Rs 764.23 crore in the year ended March 2017 as against Rs 878.94 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales183.71218.33 -16 764.23878.94 -13 OPM %6.77-1.25 -4.390.65 - PBDT8.72-9.81 LP 11.47-15.49 LP PBT7.20-11.90 LP 4.91-23.99 LP NP5.37-13.02 LP 12.09-34.59 LP

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Golden Goenka Fincorp reports standalone net profit of Rs 5.35 crore in the March 2017 quarter
May 25,2017

Net profit of Golden Goenka Fincorp reported to Rs 5.35 crore in the quarter ended March 2017 as against net loss of Rs 1.23 crore during the previous quarter ended March 2016. Sales rose 41.02% to Rs 8.01 crore in the quarter ended March 2017 as against Rs 5.68 crore during the previous quarter ended March 2016.

For the full year,net profit rose 55.46% to Rs 11.38 crore in the year ended March 2017 as against Rs 7.32 crore during the previous year ended March 2016. Sales rose 5.83% to Rs 25.94 crore in the year ended March 2017 as against Rs 24.51 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8.015.68 41 25.9424.51 6 OPM %92.6351.58 -70.0563.77 - PBDT7.422.95 152 18.2115.78 15 PBT7.392.91 154 18.1215.66 16 NP5.35-1.23 LP 11.387.32 55

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