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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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Virat Crane Industries announces demise of director
Mar 24,2017

Virat Crane Industries announced the demise of Grandhi Subba Rao founding promoter and Director of the company.

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Jayshree Chemicals appoints director
Mar 24,2017

Jayshree Chemicals announced that the Board of Directors at its meeting held on 24 March 2017 has appointed Sindhubala Choudhury (DIN 00848070) as an Additional Director of the Company, who has duly consented for the same under the provisions of Companies Act, 2013.

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IDFC Bank to hold board meeting
Mar 24,2017

IDFC Bank will hold a meeting of the Board of Directors of the Company on 25 April 2017, to discuss and approve, among other items, the following: a.Audited Annual Financial Statements for the year ended Mar 31, 2017 ,Recommendation of dividend, if any, for FY 2016-17 c.Fund raising through issue of non-convertible debt securities on private placement basis.

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Reliance Communications to hold EGM
Mar 24,2017

Reliance Communications announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 April 2017 .

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Blue Star to hold board meeting
Mar 24,2017

Blue Star will hold a meeting of the Board of Directors of the Company on 9 May 2017 Dividend

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Emerald Leasing Finance & Invtt. Co. to hold EGM
Mar 24,2017

Emerald Leasing Finance & Invtt. Co. announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 21 April 2017 .

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Centre approves construction of 10 Million MT capacity Silos by the end of year 2019-20
Mar 24,2017

Food Corporation of India (FCI) has awarded contracts for creation of 1.6 Million MT silos and State Governments have completed/awarded contracts for 2.15 Million MT silos. Thus, contracts for silos of 3.75 Million MT have been awarded.

Government has approved an action plan of FCI for construction of steel silos of capacity 10 Million MT by FCI as well as State Governments in Public Private Partnership (PPP) mode in a phase-wise manner (3 phases) by the end of year 2019-20. FCI handles about 60 Million MT of wheat and rice annually.

The Silos are being constructed through Private Sector participation in Public Private Partnership (PPP) mode. FCI will be benefited as it will not incur any capital investment for any of the projects. The responsibility of designing, building, financing and operating the silos will be of private parties. Further, there will be benefits from creation of silos as it is a safer and modern means of storage. Foodgrains can be stored for a longer period, with reduced losses and less handling and labour costs.

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Rupee reverts losses
Mar 24,2017

Rupee closed higher at 65.4050/4150 per dollar on Friday (24 March 2017), versus its previous close of 65.52/53 per dollar.

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Government has divested a part of its stake in ITC to Life Insurance Corporation of India
Mar 24,2017

Government through Specified Undertaking of the Unit Trust of India (SUUTI) has divested 2% shares of the total shares of ITC to LIC through block trade on 7th March, 2017. Government has received an amount of Rs. 6,682 crore from this transaction.

Disinvestment of Government of India equity is under taken as per the Disinvestment policy of the GoI keeping in view the resource requirement of the Government and the prevailing market condition.

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Reliance Capital transfers its commercial finance division into wholly owned subsidiary
Mar 24,2017

Reliance Capital announced completion of transfer of its commercial finance division - Reliance Commercial Finance (RCFL) - into a separate wholly owned subsidiary. The transfer is effective 01 April 2017.

RCFL is amongst the leading SME lenders in the Indian non-banking finance space with a focus on asset backed lending and productive asset creation. The Commercial Finance division has an aggregate asset under management (including securitized portfolio) portfolio of Rs 16,191 crore (US$ 2.4 billion) as of 31 December 2016.

Reliance Capital would be applying to the RBI for registering itself as a Core Investment Company (CIC) and expects to become a CIC soon, subject to necessary approvals

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Board of Muthoot Finance recommends dividend
Mar 24,2017

Muthoot Finance announced that the Board of Directors of the Company at its meeting held on 23 March 2017, inter alia, have recommended the dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Himachal Futuristic Communications to hold board meeting
Mar 24,2017

Himachal Futuristic Communications will hold a meeting of the Board of Directors of the Company on 28 March 2017, to consider and approve the allotment of 10.30%, 29,49,750 Secured Unlisted Non-convertible Debentures (NCDs) of the Company of Rs.100/- (Rupees Hundred Only) each aggregating to Rs.29,49,75,000/-(Rupees Twenty Nine Crore Forty Nine Lakh Seventy Five Thousand only) on private placement basis

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Hexaware Technologies to hold AGM
Mar 24,2017

Hexaware Technologies announced that the 24th Annual General Meeting(AGM) of the company on 24 April 2017.

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DFM Foods commissions new extrusion line at Greater Noida facility
Mar 24,2017

DFM Foods has commissioned its new extrusion line at the Greater Noida facility on 23 March 2017. With the commissioning of this line, the total capacity of the Company has increased from 25308 MT per annum to 35308 MT per annum.

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Eldeco Housing & Industries provides update on subsidiary - Eldeco City
Mar 24,2017

Eldeco Housing & Industries announced that its wholly-owned subsidiary namely Eldeco City Private Limited, has converted from Private Limited Company into Public Limited Company. Consequently the name of Eldeco City Private Limited is changed to Eldeco City Limited.

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