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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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Intellect Design Arena partners with El Taamir Mortgage Finance Company, Egypt
Feb 20,2017

Intellect Design Arena announced the successful roll out of its Lending suite at El Taamir Mortgage Finance Company, Egypt. The implementation was completed in just seven months including data migration.

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JMC Projects (India) announces resignation of director
Feb 20,2017

JMC Projects (India) has received on 20 February 2017 a letter from Mahendra G. Punatar, an Independent Director of the Company tendering his resignation as an Independent Director with immediate effect on account of his persistent health problem.

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Board of Eveready Industries India approves reorganisation of packet tea operations
Feb 20,2017

The Board of Directors of Eveready Industries India at its meeting held on 20 February 2017 has approved of the reorganisation of the packet tea operations of the Company, subject to finalisation of a suitable modality for the same.

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Outcome of board meeting of Kanak Krishi Implements
Feb 20,2017

Kanak Krishi Implements announced that the Board of Directors in its Meeting held on 20 February 2017, have considered and approved the delisting of Equity Shares of the Company from Institutional Trading Platform of BSE in terms of provisions of Chapter XC of SEBI ICDR Regulations, 2009 as amended up to date.

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90,095 more affordable houses sanctioned for urban poor under PMAY(Urban)
Feb 20,2017

Ministry of Housing & Urban Poverty Alleviation approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.5,590 cr and central assistance of Rs.1,188 cr.

Madhya Pradesh has been sanctioned 82,262 houses in 49 cities and towns with an investment of Rs.5,260 cr with central assistance of Rs.1,071 cr. Jammu & Kashmir got 4,915 houses in 24 cities and towns with an investment of Rs.240 cr and central assistance of Rs.74 cr. Dadra & Nagar Havelis capital Silvassa has been sanctioned 803 affordable houses with an investment of Rs.26 cr and central assistance of Rs.12 cr.

The approval accorded today was for construction of 46,823 new houses under the Beneficiary Led Construction (BLC) component of PMAY (Urban), enhancement of 773 houses in Jammu & Kashmir under BLC and building 42,499 new houses in Madhya Pradesh under Affordable Housing in Partnership (AHP) component.

In Madhya Pradesh, another 39,763 new houses will be built under BLC component under which an eligible beneficiary is assisted to build a house on the land owned by him/her.

City-wise approvals in Madhya Pradesh include: Indore-30,789 houses, Ratlam-6,419, Sagar-3,156, Ujjain-2,884, Katni-2,800, Shivpuri-2,625, Chindwara-2,508, Nagda-2,073, Jabalpur-2,012, Datia-1,726, Singrauli-1,716, Dabra-1,720, Vidisha-1,513, Damoh-1,480, Sehore-1,200, Sidhi-1,057, Astha-1,000 and Unchehara-1,000.

In Jammu & Kashmir, Srinagar has been approved 663 affordable houses, Handwara-602, Badgam-476, Baramulla-393, Doda-306, Pulwama-270, Kargil-261, Sopore-205, Ganderbal-185, Bhaderwah-176, Shopian-159, RS Pura-143, Samba-121, Kishtwar-113, Leh-99 and Poonch-96.

With this, total number of affordable houses approved for Madhya Pradesh under PMAY(Urban) has increased to 1,87,135 and for Jammu & Kashmir to 5,864.

With this approvals, construction of a total number of 16,51,687 affordable houses for the benefit of urban poor has been sanctioned so far under PMAY (Urban) with a total investment of Rs.89,072 cr with central assistance of Rs.25,819 cr.

Under BLC and AHP components of PMAY (Urban), central assistance of Rs.1.50 lakh is provided for each beneficiary.

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Board of SVC Resources allots 20,667 equity shares
Feb 20,2017

SVC Resources announced that the Board of Directors of the Company in their meeting held on 17 February 2017 have allotted 20,667 equity shares of Rs. 1/- each at an issue price of Rs. 2/- per share to Akhilesh Malvi, Managing Director of the company aggregating to Rs. 41,334/- pursuant to approval of members of the company obtained through postal ballot on 14 February 2017 and in-principle approval letter from BSE dated 10 February 2017.

Pursuant to section 42 of Companies Act, 2013 and rule 14(3) of Companies (Prospectus and Allotment of Securities) Rules, 2014, find enclosed private placement offer document in form PAS - 4 and List of Allottee in form PAS - 5 as issued by the Company.

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ICICI Bank allots 250,575 equity shares
Feb 20,2017

ICICI Bank has allotted 250,575 equity shares of face value of Rs. 2/- each on 16 February 2017 under the Employees Stock Option Scheme, 2000 (ESOS).

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Gujarat Themis Biosyn appoints director
Feb 20,2017

Gujarat Themis Biosyn announced the appointment of Independent Woman Director on the Board of the Company w.e.f. 14 February 2017:

- Preeti K. Trivedi is appointed as an Additional Independent Woman Director on the Board of the Company w.e.f. 14 February 2017.

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Nihar Info Global signs MoU with Syntizen Technologies
Feb 20,2017

Nihar Info Global has signed an Memorandum of Undertaking with Syntizen Technologies for providing various Aadhaar Services. The company would also launch various G2C Services very shortly and would provide the same through its franchise centres which would be launched as Nihar Market e-centre across India.

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DCB Bank allots 62,900 equity shares
Feb 20,2017

DCB Bank has allotted 62,900 equity shares of Rs. 10/- each on 20 February 2017, pursuant to the terms of the Employee Stock Option Plan (ESOP) of the Bank. Post this allotment, Banks issued and paid up share capital has increased to 285,115,403 shares of Rs. 10/- each.

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Kothari Industrial Corporation appoints company secretary
Feb 20,2017

Kothari Industrial Corporation announced that S. Vasudevan has been appointed as Company Secretary of the Company with effect from 05 December 2016.

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Punj Llyod wins orders worth Rs 348 crore
Feb 20,2017

Punj Llyod announced that it has won orders worth Rs 348 crore in its vertical pipelines and tankage. The Company has received letter of awards from -

1. Order worth Rs 139 crore from Adani for EPCC (design, engineering, construction and commissioning) of refridgerated double wall storage tanks and mounded bullets for its LPG Terminal at Mundra.

2. Order worth Rs 209 crore from Mumbai Port Trust for installation of offshore / onshore pipeline and terminal work for the Fifth Oil Berth at Jawahar Dweep in Mumbai Harbour for a contract value of Rs 209 crore.

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Cyber Media (India) director resigns
Feb 20,2017

Cyber Media (India) announced that Hoshiediar Rastom Ghaswalla has stepped down as director from the Board of Directors of the Company with effect from 20 February 2017.

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Board of Tata Consultancy Services approves buyback of shares upto Rs 16000 crore
Feb 20,2017

Tata Consultancy Services announced that the Board of Directors of the Company at its meeting held on 20 February 2017 has approved a proposal to buyback up to 5,61,40,351 Equity Shares (Five crore sixty one lakh forty thousand three hundred and fifty one only) of the Company for an aggregate amount not exceeding Rs. 16,000 crore (Rupees Sixteen thousand crore only) (hereinafter referred to as the n++Buyback Sizen++) being 2.85% of the total paid up equity share capital, at Rs. 2,850 (Rupees Two thousand eight hundred and fifty only) per Equity Share (hereinafter referred to as the n++Buyback Pricen++). The buyback is proposed to be made from the shareholders of the Company on a proportionate basis under the tender offer route using the stock exchange mechanism in accordance with the provisions contained in the SEBI (Buy Back of Securities) Regulations, 1998 (hereinafter referred to as the n++Buyback Regulationsn++) and the Companies Act, 2013 and rules made thereunder. The Buyback size does not include any expenses incurred or to be incurred for the buyback like filing fees, advisory fees, public announcement publication expenses, printing and dispatch expenses, and other incidental and related expenses.

The Buyback is subject to approval of the members by means of a special resolution through a postal ballot. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

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MoU signed for welfare of Handicraft Artisans belonging to Scheduled Castes
Feb 20,2017

Ministry of Textiles and Ministry of Social Justice and Empowerment have come together to step up interventions for the economic development of an estimated 12 lakh scheduled caste artisans. An MoU was signed between Development Commissioner (Handicrafts), Ministry of Textiles and National Scheduled Castes Finance and Development Corporation (NSCFDC), a Central PSU under Ministry of Social Justice and Empowerment, with the objective of working together to improve the earnings of artisans across the country, belonging to Scheduled Castes categories.

The MoU provides for continuous and extensive collaboration between Office of DC (Handicrafts) and NSCDFC, aiming at the following:

Need assessment and gap identification through popularising various schemes by holding awareness camps

Extensive need-based skill upgradation in the identified clusters having dominant presence of Scheduled Caste artisans, in the field of innovative and market-friendly designs, and adoption of modern tools and techniques

Enhanced participation of Scheduled Caste artisans and their producer groups in domestic and international marketing events

Working capital credit for Scheduled Caste artisans at concessional rates, by combining the benefits provided by Ministry of Textiles and Ministry of Social Justice and Empowerment

It has also been agreed in the MoU that the Office of the DC(Handicrafts) through its various schemes, will support NSCDFC in formulation of project reports, undertaking field studies for identifying felt needs of Scheduled Caste artisans, in addition to extending assistance of six Regional Offices and 52 Marketing & Service Extension Centres of the Office of the DC(Handicrafts).

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