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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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Nihar Info Global standalone net profit rises 100.00% in the June 2017 quarter
Jul 29,2017

Net profit of Nihar Info Global rose 100.00% to Rs 0.04 crore in the quarter ended June 2017 as against Rs 0.02 crore during the previous quarter ended June 2016. Sales rose 282.61% to Rs 0.88 crore in the quarter ended June 2017 as against Rs 0.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.880.23 283 OPM %5.688.70 - PBDT0.050.02 150 PBT0.040.02 100 NP0.040.02 100

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DB (International) Stock Brokers standalone net profit declines 58.33% in the June 2017 quarter
Jul 29,2017

Net profit of DB (International) Stock Brokers declined 58.33% to Rs 0.05 crore in the quarter ended June 2017 as against Rs 0.12 crore during the previous quarter ended June 2016. Sales declined 4.39% to Rs 1.09 crore in the quarter ended June 2017 as against Rs 1.14 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.091.14 -4 OPM %8.2617.54 - PBDT0.090.20 -55 PBT0.070.17 -59 NP0.050.12 -58

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Savita Oil Technologies standalone net profit rises 15.56% in the June 2017 quarter
Jul 29,2017

Net profit of Savita Oil Technologies rose 15.56% to Rs 23.39 crore in the quarter ended June 2017 as against Rs 20.24 crore during the previous quarter ended June 2016. Sales rose 23.14% to Rs 417.87 crore in the quarter ended June 2017 as against Rs 339.35 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales417.87339.35 23 OPM %9.4011.25 - PBDT39.6835.21 13 PBT33.3628.55 17 NP23.3920.24 16

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India Cements Capital standalone net profit rises 33.33% in the June 2017 quarter
Jul 29,2017

Net profit of India Cements Capital rose 33.33% to Rs 0.28 crore in the quarter ended June 2017 as against Rs 0.21 crore during the previous quarter ended June 2016. Sales rose 12.20% to Rs 1.38 crore in the quarter ended June 2017 as against Rs 1.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.381.23 12 OPM %29.7124.39 - PBDT0.440.33 33 PBT0.410.30 37 NP0.280.21 33

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Insurance Schemes for unorganized sector persons/people living below the poverty line
Jul 29,2017

The Social Security Scheme namely, Aam Aadmi Bima Yojana (AABY) caters to unorganised sector persons under 48 various vocational groups such Beedi Workers, Brick Kiln Workers, Rickshaw Pullers/Auto Drivers etc. The scheme provides insurance cover of Rs.30,000/- on natural death, Rs.75,000/- on death due to accident, Rs.37,500/- for partial permanent disability due to accident and Rs.75,000/- for total permanent disability due to accident, to such persons in the age group of 18 to 59 years for a premium of Rs.200/-, of which Rs.100/- is paid by Government of India and the balance Rs.100/- is paid by State Governments/Nodal agencies/ individuals, as the case may be.

As part of Pradhan Mantri Jan Dhan Yojana (PMJDY), all the people in the age group of 18 to 59 years who opened Jan Dhan accounts between 15.08.2014 to 31.01.2015 were covered under free life insurance of Rs. 30,000/-. The premium is borne by the Central Government. Apart from the above, the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) are universal and affordable schemes available at a very low cost, to address the insurance of life and accidental risks. Further, Rashtriya Swasthya Bima Yojana (RSBY) provides health insurance cover to persons living below the poverty line.

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Sale of bottled water on same rate Post GST
Jul 29,2017

On account of implementation of GST there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. Department of Consumer Affairs has therefore issued an advisory on the matter.

Further, vide this advisory it has been informed inter alia, that for reducing the Retail Sale Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer or importer, as the case may be, on the label of the package, which includes the packed water bottles also.

The said information has already been disseminated to all the Controllers of Legal Metrology of all States/ UTs for immediate necessary action.

Further, Section 171 of the GST Act provides that:

(1) Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.

(2) The Central Government may, on recommendations of the Council, by notification, constitute an Authority, or empower an existing Authority constituted under any law for the time being in force, to examine whether input tax credits availed by any registered person or the reduction in the tax rate have actually resulted in a commensurate reduction in the price of the goods or services or both supplied by him.

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Vikas Wsp undertakes capacity expansion work
Jul 29,2017

Vikas Wsp announced that the Company has undertaken capacity enhancement work of the newly developed innovative food grade Thermo Guar 20-25-30 from existing 4200 TPA to 12600 TPA. The work is expected to be completed in the next 3 to 4 months.

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Yogya Enterprises announces resignation of company secretary
Jul 29,2017

Yogya Enterprises announced that Smriti Dubey, Company Secretary (of the Company) has resigned and her resignation is accepted on 28 July 2017 board meeting.

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City Union Bank to pay dividend for FY 2016-17
Jul 29,2017

City Union Bank announced that dividend for FY 2016-17, if any, declared by the members at the AGM, will be paid to the members on or after 29 August 2017 and within the statutory time period.

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Department orders Printing of Post-GST Rates on Old Stock
Jul 29,2017

On account of implementation of GST there may be instances where the retail sale price printed on a pre-packaged commodity is required to be changed. The Department has issued an order according to which, manufacturers/ packers/ importers of pre-packaged commodities are allowed to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock manufactured/ packed/ imported prior to 1st July, 2017, if any, in addition to the existing retail sale price (MRP), for three months i.e. upto 30th September, 2017. Use of un-exhausted packaging material/ wrapper has also been allowed upto 30th September, 2017 after making the necessary corrections.

Further, vide this advisory, it has been informed that for reducing the Retail Sale Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer, as the case may be, on the label of the package.

Therefore, declaration of the revised retail sale price (MRP) on the pre-packaged commodities, by way of stamping or putting sticker or online printing, as the case may be, has already been allowed where on account of implementation of GST, the retail sale price of a pre-packaged commodity is required to be changed/ revised.

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Board of Mangalore Chemicals & Fertilizers appoints directors
Jul 29,2017

The Board of Directors of Mangalore Chemicals & Fertilizers at its meeting held on 29 July 2017 has appointed Sunil Sethy (DIN: 00244104) as an Additional Director and Rita Menon (DIN: 00543058) as an Additional Director in the category of Independent Directors.

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Sharda Cropchem announced change in registered office
Jul 29,2017

Sharda Cropchem announced the shifting of Registered Office from Domnic Holm, 29th Road, Bandra (West), Mumbai - 400 050 to Second Floor, Prime Business Park, Dashratlal Joshi Road, Vile Parle (West), Mumbai - 400 049.

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Board of NTPC approves bond issue of upto Rs 15000 cr
Jul 29,2017

The Board of Directors of NTPC at its meeting held on 29 July 2017 has considered and approved the issue of secured/ unsecured, redeemable, taxable/ tax-free, cumulative/ non-cumulative, non-convertible debentures (Bonds/NCDs) upto Rs 15,000 crore during the period commencing from the date of passing of Special Resolution in the ensuing Annual General Meeting till completion of one year thereof or the date of next Annual General Meeting in the financial year 2018-19 whichever is earlier.

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Akme Star Housing Finance to convene board meeting
Jul 29,2017

Akme Star Housing Finance will hold a meeting of the Board of Directors of the Company on 8 August 2017, to inter alia consider and approve standalone unaudited financial results of the Company for the Quarter ended June 30th, 2017

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Wellness Noni declares Quarterly Result
Jul 29,2017

Wellness Noni will hold a meeting of the Board of Directors of the Company on 14 August 2017, to Consider and approve the Un-Audited Annual Financial Accounts of the Company for the Quarter ended 30-06-2017

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