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Bayer to acquire Monsanto in all cash transaction

Bayer to acquire Monsanto in all cash transaction

Sep 14,2016

Monsanto India announced that Bayer and Monsanto signed definitive agreement under which Bayer will acquire Monsanto for USD 128 per share in an all cash transaction.

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Mahindra Lifespace Developers standalone net profit declines 64.94% in the March 2017 quarter
Apr 22,2017

Net profit of Mahindra Lifespace Developers declined 64.94% to Rs 5.09 crore in the quarter ended March 2017 as against Rs 14.52 crore during the previous quarter ended March 2016. Sales rose 175.08% to Rs 299.45 crore in the quarter ended March 2017 as against Rs 108.86 crore during the previous quarter ended March 2016.

For the full year,net profit declined 37.48% to Rs 48.94 crore in the year ended March 2017 as against Rs 78.28 crore during the previous year ended March 2016. Sales rose 35.54% to Rs 680.55 crore in the year ended March 2017 as against Rs 502.11 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales299.45108.86 175 680.55502.11 36 OPM %0.2011.91 -5.0313.55 - PBDT8.7622.26 -61 74.89120.53 -38 PBT7.6721.21 -64 70.55116.57 -39 NP5.0914.52 -65 48.9478.28 -37

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Aro Granite Industries standalone net profit declines 24.00% in the March 2017 quarter
Apr 22,2017

Net profit of Aro Granite Industries declined 24.00% to Rs 1.52 crore in the quarter ended March 2017 as against Rs 2.00 crore during the previous quarter ended March 2016. Sales rose 12.59% to Rs 56.32 crore in the quarter ended March 2017 as against Rs 50.02 crore during the previous quarter ended March 2016.

For the full year,net profit rose 115.36% to Rs 12.62 crore in the year ended March 2017 as against Rs 5.86 crore during the previous year ended March 2016. Sales rose 10.70% to Rs 238.65 crore in the year ended March 2017 as against Rs 215.59 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales56.3250.02 13 238.65215.59 11 OPM %9.5511.92 -12.309.25 - PBDT4.734.69 1 25.4815.90 60 PBT2.192.32 -6 16.386.78 142 NP1.522.00 -24 12.625.86 115

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Walchand Peoplefirst reports standalone net loss of Rs 0.40 crore in the March 2017 quarter
Apr 22,2017

Net loss of Walchand Peoplefirst reported to Rs 0.40 crore in the quarter ended March 2017 as against net profit of Rs 0.77 crore during the previous quarter ended March 2016. Sales declined 31.67% to Rs 4.66 crore in the quarter ended March 2017 as against Rs 6.82 crore during the previous quarter ended March 2016.

For the full year,net profit declined 66.94% to Rs 0.82 crore in the year ended March 2017 as against Rs 2.48 crore during the previous year ended March 2016. Sales rose 2.15% to Rs 23.24 crore in the year ended March 2017 as against Rs 22.75 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales4.666.82 -32 23.2422.75 2 OPM %-21.8913.34 --0.3412.00 - PBDT-0.531.30 PL 1.624.13 -61 PBT-0.661.19 PL 1.133.76 -70 NP-0.400.77 PL 0.822.48 -67

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Tinplate Company of India standalone net profit rises 74.64% in the March 2017 quarter
Apr 22,2017

Net profit of Tinplate Company of India rose 74.64% to Rs 11.02 crore in the quarter ended March 2017 as against Rs 6.31 crore during the previous quarter ended March 2016. Sales rose 58.92% to Rs 259.26 crore in the quarter ended March 2017 as against Rs 163.14 crore during the previous quarter ended March 2016.

For the full year,net profit declined 58.93% to Rs 27.86 crore in the year ended March 2017 as against Rs 67.84 crore during the previous year ended March 2016. Sales rose 0.26% to Rs 812.65 crore in the year ended March 2017 as against Rs 810.57 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales259.26163.14 59 812.65810.57 0 OPM %11.0515.25 -11.1720.66 - PBDT32.3927.94 16 106.46179.47 -41 PBT17.0410.04 70 40.67106.30 -62 NP11.026.31 75 27.8667.84 -59

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Date for filing of declaration under PMGKY extended up
Apr 22,2017

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017.

Representations from stakeholders have been received stating that in some cases tax, surcharge and penalty have been paid on or before 31st March, 2017 but the corresponding deposit under the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016 (Deposit Scheme) could not be made by the said date. Accordingly, DEA vide notification S.O.1218(E) dated 19th April, 2017 has extended the date of making deposit under the Deposit Scheme upto 30th April, 2017 in respect of cases where tax, surcharge and penalty under PMGKY has been paid on or before 31st March, 2017.

Subsequently, CBDT vide Circular No.14 of 2017 dated 21st April, 2017 has extended the date of filing of declaration under PMGKY to 10th May, 2017 in cases where tax, surcharge and penalty under PMGKY has been paid on or before the 31st March, 2017, and deposit under the Deposit Scheme has been made on or before the 30th April, 2017.

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Darjeeling Ropeway Company shifts registered office
Apr 22,2017

Darjeeling Ropeway Company announced that the registered office of the company got shifted from 56E, Hemanta Basu Sarani, Old 4 B.B.D Bagh East, Room No-14A, Kolkata- 700001 to Office No: GF 17, Ground Floor, HDIL Harmony Mall, 1A/58, New Link Road, Goregaon West, Mumbai- 400104 w.e.f 19 April 2017.

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TAAL Enterprises director resigns
Apr 22,2017

TAAL Enterprises announced that Shobhana Joseph has resigned as Director of the Company with immediate effect due to personal reasons.

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Board of Kothari Industrial Corporation appoints director
Apr 22,2017

Kothari Industrial Corporation announced that at the Meeting of the Board of Directors held on 21 April 2017, J. Rafiq Ahmed has been appointed as an Additional Director of the Company with effect from 21 April 2017.

The Board also appointed him as a Wholetime director, without remuneration, subject to the approval of the shareholders at the ensuing Annual General Meeting.

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Board of Advanced Enzyme Technologies approves investments in two entities
Apr 22,2017

Advanced Enzyme Technologies announced that the Board of Directors of the company at its meeting held on 22 April 2017 has approved the following -

Investment in Advanced Biodiesel by acquiring/ subscribing up to 15% of paid up share capital for an amount not exceeding Rs 3.75 crore. Investment by the Company in ABL will be made in a phased manner and will be completed in a period of 18 months.

Investment by way of subscription / purchase of share of Palm Techno Ventures Enzyme Sdn Bhd, Malaysia up to RM 200,000 (for up to 80% of the paid up capital of PTVE). The said investment is expected to be completed by end of June 2017. Upon such investment PTVE shall become subsidiary of the Company.

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One Crore MGNREGA assets geotagged
Apr 22,2017

Mahatma Gandhi NREGS has reached a new milestone today by geotagging one Crore assets and putting them in public domain.

The scale of rural assets created under MGNREGA is very large. Since the inception of the programme in financial year 2006-07, about 2.82 Crore assets have been created under the programme. On an average, about 30 Lakh Assets are created annually which includes a variety of works such as water harvesting structures, plantations, rural infrastructure, flood control measures, individual assets for sustainable livelihood, community infrastructure and so on. The process of geotagging is going on and all assets under MGNREGS will be geotagged. Special focus is being given to geotag Natural Resource Management works especially the water related works.

GeoMGNREGA is a unique endeavor of the Ministry of Rural Development in association with National Remote Sensing Centre (NRSC), ISRO and National Informatics Centre. A Memorandum of Understanding (MoU) was signed by Ministry of Rural Development with NRSC on 24th June 2016 for geo-tagging the assets created under MGNREGS in each gram panchayat. Strength of Space technology has been leveraged.

Pursuant to the signing of MoU, training manuals were developed in consultation with NRSC. Training was imparted to around 2.76 Lakh personnel across the country with the help of National Institute of Rural Development and Panchayati Raj (NIRD&PR). The training programme was conducted in the last week of August, 2016. The geotagging exercise started from 1st September, 2016. One Crore assets have been geotagged and put in public domain in the last seven months. It is expected that the exercise will lead to greater transparency and ensure accountability at field level.

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Quantum Build-Tech announces resignation of company secretary & compliance officer
Apr 22,2017

Quantum Build-Tech announced that Shivani Sarda, Company Secretary & Compliance Officer has submitted resignation dated 10 April 2017 from her position and the same has been accepted by the Management.

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Hero Multipap Pvt to hold board meeting
Apr 22,2017

Hero Multipap Pvt will hold a meeting of the Board of Directors of the Company on 3 May 2017.

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Neuland Laboratories to hold board meeting
Apr 22,2017

Neuland Laboratories will hold a meeting of the Board of Directors of the Company on 12 May 2017.

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Huhtamaki PPL to hold AGM
Apr 22,2017

Huhtamaki PPL announced that the 67th Annual General Meeting (AGM) of the company will be held on 12 June 2017.

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Quality Mark Award Scheme for Dairy Cooperatives initiated by NDDB
Apr 22,2017

As part of the innovative initiatives under the n++White Revolutionn++ umbrella Schemes, the Department of Animal Husbandry, Dairying and Fisheries has supported the National Dairy Development Board (NDDB) developed initiative of n++Quality Markn++ Award Scheme for dairy Cooperatives to promote and encourage enhancement of safety, quality and hygiene of milk and milk products manufactured by dairy cooperatives. It is aimed at bringing about process improvement in the entire value chain from producer to the consumer to ensure availability of safe and quality of milk and products both for the domestic and foreign market. The Quality Markn++ Award Scheme for dairy Cooperatives in the country has been initiated to instill confidence in the consumers for the quality of milk being marketed by them by ensuring availability of safe and good quality milk and milk products. The quality mark scheme was rolled out on 6th January-2016 after deliberating on the process and award mechanism for over a year. The initiative does not propose any new/ additional system for Food Safety and Quality Management but lays down minimum standards against each link of the processes required for ensuring quality and safety.

The NDDB is in the process of registering the quality mark logo under Trademarks Act, 1998. The Dairy units which meet the criteria for award of quality mark will be allowed to use the logo on the package containing milk and milk products and the award of the quality mark shall be specific for location of the dairy unit as well as for the process for a particular product. The mark may be applied to the packaging or printed on a label affixed to the package. The logo/symbol of quality mark on milk and milk product packages indicates that the dairy unit has adopted and implemented all the processes required as per the food safety and quality management system for manufacture of milk and milk products as per the set quality parameters.

The assessment is a two-step process involving pre-assessment and a final assessment. The pre-assessment largely covers the village level procurement and processing infrastructure availability, training manpower and the retail sales. Only those dairy units that score over 70% in the preliminary assessment are considered for final assessment which is done by a team of three experts of which one is an external expert. The final assessment is made for the evaluation of 45 critical and 97 major parameters that influence the quality of the processed milk and milk products. The award of Quality Mark shall be valid for three years subject to maintenance of quality, food safety standards and compliance with terms and conditions of the agreement.

The guideline document for award of quality mark was finalized based on the discussions of the working group in the meetings at Anand and Delhi in November, 2014 and August 11, 2015. Thereafter, comments were sought from the members which were discussed during the roll out meeting at Anand, on 6th January, 2016 by incorporating the feedback from different stakeholders. After the finalization of quality mark documents, it was circulated to the State Milk Federations & District Milk Unions. The interested State Milk Federations /Cooperative Dairies /Educational Institutions / Govt. Dairy Units are required to apply for the award of Quality Mark Management (QM) document. The document has been finalized after a series of deliberations which began in November, 2014 and was rolled out in January 2016.

An eleven member Management Committee has been envisaged to oversee the activities of the Quality Mark. The Management Committee has members including the representatives of DADF, FSSAI and Managing Directors of four State Milk Federations representing the regions and two Experts in Dairying. The first meeting of the Management Committee of the Quality Mark was held at Anand on March 15, 2017. Representative of the Food Safety and Standards Authority & DADF also attended the meeting. In the meeting the formal nationwide launch of the Quality Mark was discussed and it was recommended to have a formal launch of the Quality Mark after the current Parliament Session by the Honble Minister of Agriculture & Farmers Welfare.

Since roll out of quality mark initiative by NDDB, on 6th January, 2016, NDDB has so far received 53 applications (comprising Karnataka-13, Mother Dairy-8, Punjab-4, Tamil Nadu-5, Haryana-4, Bihar-11, Maharashtra-4, MP-4) for award of the Quality Mark. Out of 53, 30 applications have been assessed and 13 Dairy Units have been found eligible for award of Quality Mark logo by NDDB.

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