Friday, 25 May 2018

Cummins India has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 1.74% in its net profit at Rs 161.22 crore for the quarter ended March 31, 2018 as compared to Rs 158.46 crore for the same quarter in the previous year. However, total income of the company decreased by 1.44% at Rs 1299.60 crore for quarter under review as compared to Rs 1318.62 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a fall of 3.56% in its net profit of Rs 708.47 crore as compared to Rs 734.63 crore for the previous year. Total income of company decreased by 4.39% at Rs 5389.53 crore for year under review as compared to Rs 5636.73 crore for the year ended March 31, 2017

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The Karnataka Bank is currently trading at Rs. 118.55, up by 1.90 points or 1.63% from its previous closing of Rs. 116.65 on the BSE.

The scrip opened at Rs. 118.10 and has touched a high and low of Rs. 118.50 and Rs. 115.95 respectively. So far 21018 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.15 on 02-Jun-2017 and a 52 week low of Rs. 106.95 on 02-Apr-2018.

Last one week high and low of the scrip stood at Rs. 121.35 and Rs. 113.95 respectively. The current market cap of the company is Rs. 3336.18 crore.

The Institutions and Non-Institutions held 27.53% and 72.47% stake respectively in the company.

Karnataka Bank has opened two new branches on May 24, 2018. The bank has inaugurated its 803rd branch at Chittoor and 804th branch at Moodushedde GP (Financial Inclusion).

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.


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Salzer Electronics has informed that the Board of Directors has recommended a dividend at the rate of Rs1.60 per shares (16%) at their meeting held on 24.05.2018.

The above information is a part of company’s filings submitted to BSE.A

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HDFC Bank has reportedly tied up with Computer Age Management Services (CAMS), a registrar and transfer agent, to offer Digital Loans against Mutual Funds. These loans are available only for Indian residents and for portfolios that have individual holdings.

The facility is open for all HDFC Bank customers who hold assets in at least one of the ten mutual fund houses registered with CAMS.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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Jai Balaji Industries has informed that the Company will not be able to place the Audited Standalone and Consolidated Financial Results for the fourth quarter/financial year ended 31st March, 2018 before the Audit Committee and the Board and consequently will not be able to submit the said results to the Stock Exchanges within the stipulated date of 30th May, 2018 due to some technical and unavoidable reasons and also in view of the difficulty being faced by the Company for converting accounting data from GAAP to Ind-AS due to lengthy process. Accordingly, the date of Board Meeting to be held for aforesaid purposes shall be intimated to the Stock Exchange in due course of time.

The above information is a part of company’s filings submitted to BSE.

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Gail (India) has informed that the Board of Directors of the Company at its meeting held on May 24, 2018, has recommended the payment of final dividend at the rate of 14.40% (Rs 1.44 per share) on the paid-up equity share capital of the Company for the FY 2017-18, subject to approval of shareholders in the ensuing Annual General Meeting.The above information is a part of company’s filings submitted to BSE.

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BPL has received an approval for availing services from BPL Telecom for installation and servicing of consumer durables sold by the company at an arm’s length basis. The Board of Directors of the company at its meeting held on May 23, 2018, approved the same.


The Board also gave approval for procurement of televisions and LEDs assembled by BPL Telecom at an arm’s length basis.


BPL is an established leader in the field of electronics and technology; a beloved consumer brand known for quality and design excellence.

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