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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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Dredging Corporation of India to hold board meeting
Aug 02,2017

Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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NLC India to hold board meeting
Aug 02,2017

NLC India will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Magadh Sugar & Energy to table results
Aug 02,2017

Magadh Sugar & Energy will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and approve the Unaudited Financial Results for the quarter ended 30th June, 2017, & to consider change in the terms of 12% Non-convertible Cumulative Redeemable Preference Shares of Rs 100/- each.

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Grasim Industries to declare Quarterly Result
Aug 02,2017

Grasim Industries will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Eduexel Infotainment to discuss results
Aug 02,2017

Eduexel Infotainment will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Euro Leder Fashion schedules board meeting
Aug 02,2017

Euro Leder Fashion will hold a meeting of the Board of Directors of the Company on 31 July 2017.

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Bharat Petroleum Corporation to announce Quarterly Result
Aug 02,2017

Bharat Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Chambal Breweries & Distilleries to convene board meeting
Aug 02,2017

Chambal Breweries & Distilleries will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Anant Raj to announce Quarterly Result
Aug 02,2017

Anant Raj will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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Global Offshore Services schedules board meeting
Aug 02,2017

Global Offshore Services will hold a meeting of the Board of Directors of the Company on 7 August 2017.

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Transpek Industry to discuss results
Aug 02,2017

Transpek Industry will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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L&T bags Rs 3375 cr Light Rail System project
Aug 02,2017

Larsen & Toubro announced that the Company has bagged a Rs 3375 crore order from Metro Express which is owned by the Government of Mauritius to design and build an integrated light rail-based urban transit system in the African island nation.

The project has been won against competition and will be fully funded through a Government of India grant and line of credit.

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Loans to entrepreneurs under Stand Up India Scheme
Aug 02,2017

The total number of entrepreneurs who have been extended loan facility under the Stand Up India Scheme in 2016 was 21735 and the total amount sanctioned was Rs. 4747.95 crore. The percentage wise break up was Scheduled Caste (SC) - 15.05%, Scheduled Tribe (ST) - 4.28% and Women - 80.67%.

The Stand Up India Scheme is designed to facilitate at least 2 bank loans (one loan to SC or ST and one to Woman entrepreneur) per bank branch of Scheduled Commercial Banks for setting up greenfield enterprises. Under the Scheme State-wise target has not been specified.

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Seven stocks drop ex-dividend
Aug 02,2017

Meanwhile, the S&P BSE Sensex was up 10.22 points or 0.03% at 32,585.97.

Great Eastern Shipping Company fell 1.84% to Rs 387.80 as the stock turned ex-dividend today, 2 August 2017, for final dividend of Rs 6.50 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 1.65% based on the closing price of Rs 395.05 on BSE yesterday, 1 August 2017.

Indiabulls Housing Finance lost 1.48% to Rs 1205.95 as the stock turned ex-dividend today, 2 August 2017, for interim dividend of Rs 9 per share for the year ending 31 March 2018. Before turning ex-dividend, the stock offered a dividend yield of 0.74% based on the closing price of Rs 1,224.10 on BSE yesterday, 1 August 2017.

S H Kelkar and Company fell 0.86% to Rs 266.55 as the stock turned ex-dividend today, 2 August 2017, for dividend of Rs 1.75 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.65% based on the closing price of Rs 268.85 on BSE yesterday, 1 August 2017.

Gujarat Pipavav Port lost 0.72% to Rs 145.80 as the stock turned ex-dividend today, 2 August 2017, for final dividend of Rs 1.80 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 1.23% based on the closing price of Rs 146.85 on BSE yesterday, 1 August 2017.

Page Industries fell 0.48% to Rs 17,024.70 as the stock turned ex-dividend today, 2 August 2017, for final dividend of Rs 25 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.15% based on the closing price of Rs 17,106.20 on BSE yesterday, 1 August 2017.

Godrej Industries lost 0.37% to Rs 653.55 as the stock turned ex-dividend today, 2 August 2017, for dividend of Rs 1.75 per share for the year ended 31 March 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.27% based on the closing price of Rs 656 on BSE yesterday, 1 August 2017.

Ambuja Cements fell 0.17% to Rs 260.60 as the stock turned ex-dividend today, 2 August 2017, for interim dividend of Rs 1.60 per share for the year ending 31 December 2017. Before turning ex-dividend, the stock offered a dividend yield of 0.61% based on the closing price of Rs 261.05 on BSE yesterday, 1 August 2017.

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Policy on interest rate on loans for agricultural purposes
Aug 02,2017

Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determined by banks with the approval of their respective Board of Directors subject to regulatory guidelines on interest rate on advances contained in RBIs Master Direction dated 03.03.2016. Interest rates on loans could vary from time to time and be based on credit profile of the borrowers. The information on interest rates charged on loans, vehicle type-wise is not maintained centrally.

With a view to ensuring availability of agriculture credit at a reduced interest rate of 7% p.a. to farmers, the Government of India in the Department of Agriculture, Cooperation & Farmers Welfare implements an interest subvention scheme for short term crop loans up to Rs. 3.00 lakh. Under the said scheme, additional subvention of 3% is given to those farmers who repay their short term crop loan in time, thereby reducing the effective rate of interest to 4% p.a. for such farmers.

Further, with effect from 2014-15, the Long Term Rural Credit Fund (LTRCF), was created with NABARD out of shortfall in achievement of Priority Sector Lending (PSL) targets by Scheduled Commercial Banks, in order to provide long term refinance to Cooperative banks and Regional Rural Banks (RRBs) to encourage long term investment credit lending in agriculture. At present the interest rate on advances to banks under LTRCF is at 4.90%.

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