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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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Outcome of board meeting of Sayaji Hotels
Dec 27,2016

Sayaji Hotels announced that the Board of Directors of the Company at its meeting held on 27 December 2016 considered and approved the sanction letter of Axis Bank for availment of credit facility of Rs 5.22 crore (Rs 4 crore term loan + Rs 1.22 crore LER limit).

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Karur KCP Packkagings appoints CFO
Dec 27,2016

The Board of Directors of Karur KCP Packkagings at its meeting held on 27 December 2016 has appointed V Sankar as CFO with effect from 01 December 2016.

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Cimmco announces change in directorate
Dec 27,2016

Cimmco announced that the Board of Directors has re-designated Anil Kumar Agarwal from Non Executive Director to Wholetime Director of the Company w.e.f. 01 January 2017.

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Optiemus Infracom to sell its subsidiary - Kishore Exports India
Dec 27,2016

Optiemus Infracom has entered into agreement on 24 December 2016 to sell its subsidiary - Kishore Exports India for Rs 9.35 crore.

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Board of Dhanuka Agritech to decide on final terms for buyback of shares
Dec 27,2016

Dhanuka Agritech announced that a Meeting of Buyback Committee of Board of Directors of the Company will be held on 03 January 2017, inter-alia, to approve the final terms and conditions of Buyback of equity shares of the Company, subject to Shareholders approval. The outcome of the Postal Ballot being conducted, to seek such Shareholders approval, will also be announced on 02 January 2017.

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Outcome of board meeting of Lancor Holdings
Dec 27,2016

Lancor Holdings that the Board of Directors at their meeting held on 27 December 2016 considered and approved the following business.

- In the matter of the Commercial property, n++Menon Eternityn++, owned by the Company, the Arbitrator had issued an Award dated 16 March 2016, invalidating the sale deeds registered in favour of the Company. The Honble High Court of Madras by its judgment delivered on 23 December 2016, set-aside the Award of the Arbitrator, with regard to the invalidation of the sale deeds and hence confirmed the title in favour of the Company.

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Chartered Logistics to consider December quarter results
Dec 27,2016

Chartered Logistics announced that a meeting of the Board of Directors of the Company will be held on 05 January 2017, inter alia, to consider an approve the Un-audited Financial Results of the Company for the Quarter ended 31 December 2016.

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Board of Mount Shivalik Industries to consider change in registered office
Dec 27,2016

Mount Shivalik Industries announced that a meeting of the Board of Directors of the Company is scheduled to be held on 30 December 2016 to consider the proposal of shifting of head office of the Company and other matters.

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Board of Asis Logistics to approve shifting of registered office
Dec 27,2016

Asis Logistics announced that a Meeting of the Board of Directors will be held on 05 January 2017 to discuss and approve the following agenda:-

- Shifting of Registered Office of the Company from State of Gujarat to State of Maharashtra.

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Phillips Carbon Black to announce Q3 results
Dec 27,2016

Phillips Carbon Black announced that a meeting of the Board of Directors of the Company will be held on 18 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the third quarter ended 31 December 2016.

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Alstone Textiles (India) shifts registered office
Dec 27,2016

Alstone Textiles (India) announced that the registered office address of the Company is 203 Aman Chamber, Pusa Road, Rajendra Place Metro Station, New Delhi- 110060 w.e.f. 26 December 2016.

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Ministry of Railways Doubles Compensation Rate Payable to Railway Accident Victims
Dec 27,2016

Ministry of Railways has decided to revise the amounts of compensation payable in respect of Death & Injuries to the passengers involved in Accidents and Untoward Incidents. In the revised compensation rules the amount in all the categories have been doubled with respect to the existing amounts. This has been done by amending The Railway Accidents and Untoward Incidents (Compensation) Rules, 1990. The new amended rules are being now referred to as The Railway Accidents and Untoward Incidents (Compensation) Rules, 2016.

As per the revised Compensation Rules, compensation in case of death has been doubled from Rs. 4 lakh to Rs. 8 lakh. The new rules will come into effect from 1st January 2017. The schedule giving the amounts of both existing and revised rates are given below:

COMPENSATION PAYABLE FOR DEATH AND INJURIES

ItemExisting Amount (Rs.)Revised Amount (Rs.)PART IFor death4,00,0008,00,000PART II(1) For loss of both hands or amputation at higher sites4,00,0008,00,000(2) For loss of hand and a foot4,00,0008,00,000(3) For double amputation through leg. or thigh or amputation through leg or thigh on one side and loss of other foot.4,00,0008,00,000(4) For loss of sight to such an extent as to render the claimant unable to perform any work for which eyesight is essential4,00,0008,00,000(5) For very severe facial disfigurement4,00,0008,00,000(6) For absolute deafness4,00,0008,00,000PART III(1) For amputation through shoulder joint3,60,000 7,20,000 (2) For amputation below shoulder with stump less than 8 from tip of acromion3,20,0006,40,000(3) For amputation from 8 from tip of acromion to less than 41/2 below tip of olecranon2,80,0005,60,000(4) For loss of a hand or the thumb and forefinger of one hand or amputation from 41/2 below space tip of olecranon2,40,0004,80,000(5) For loss of thumb1,20,0002,40,000(6) For loss of thumb and its metacarpal bone.1,60,0003,20,000(7) For loss of four fingers of one hand2,00,000 4,00,000 (8) For loss of three fingers of one hand1,20,0002,40,000(9) For loss of two fingers of one hand80,0001,60,000(10) For loss of terminal phalanx of thumb80,0001,60,000(11) For amputation of both feet resulting in end bearing stumps3,60,0007,20,000(12) For amputation through both feet proximal to the metatarsophalangeal joint3,20,000 6,40,000 (13) For loss of all toes of both feet through the metatarso-phalangeal joint1,60,0003,20,000(14) For loss of all toes of both feet proximal to the proximal interphalangeal joint1,20,0002,40,000(15) For loss of all toes of both feet distal to the proximal inter-phalangeal joint80,0001,60,000(16) For amputation at hip3,60,0007,20,000(17) For amputation below hip with stump not exceeding 5 in length measured from tip of great trench-anter3,20,0003,20,000(18) For amputation below hip with stump exceeding 5 in length measured from tip of great trench anter but not beyond middle thigh2,80,0005,60,000(19) For amputation below middle thigh to 41/2 below knee2,40,0004,80,000(20 )For amputation below knee with stump exceeding 41/2but not exceeding 52,00,0004,00,000(21) Fracture of Spine with Paraplegia2,00,0004,00,000(22) For amputation below knee with stump exceeding 51,60,0003,20,000(23) For loss of one eye without complications the other being normal1,60,0003,20,000(24) For amputation of one foot resulting in end-bearing1,20,0002,40,000(25) For amputation through one foot proximal to the metatarso-phalangeal joint1,20,0002,40,000(26) Fracture of Spine without paraplegia1,20,0002,40,000(27) For loss of vision of one eye without complications of disfigurement of eye ball, the other being normal1,20,0002,40,000(28) For loss of all toes of one foot through the metatarso-phalangeal joint80,0001,60,000(29) Fracture of Hip-joint80,0001,60,000(30) Fracture o

Tata Consultancy Services partners with Canada based VersaCold Logistics Services
Dec 27,2016

Tata Consultancy Services announced that VersaCold Logistics Services, Canadas largest end-to-end supply chain solutions company for temperature-sensitive products, has selected TAPn++, TCS procure to pay cloud solution, to manage their operating costs with greater efficiency.

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Uni Abex Alloy Products announces cessation of director
Dec 27,2016

Uni Abex Alloy Products announced that P. Subrahmanyam Independent Director of the Company, has stepped down from the Board and its Committees with immediate effect.

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Akzo Nobel India inaugurates specialities coatings production facility and colour laboratory
Dec 27,2016

Akzo Nobel India has inaugurated the first-of-its-kind specialities coatings production facility and colour laboratory in Noida, Uttar Pradesh to serve its customers in the consumer electronic, automobiles and cosmetic industries.

With an investment of Rs 3 crore, the new site will manufacture 600 kl of coatings annually.

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